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No hope and no change. - 8/15/2012 5:44:31 PM   
Sanity


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quote:

Economic recovery is weakest since World War II


WASHINGTON (AP) — The recession that ended three years ago this summer has been followed by the feeblest economic recovery since the Great Depression.

Since World War II, 10 U.S. recessions have been followed by a recovery that lasted at least three years. An Associated Press analysis shows that by just about any measure, the one that began in June 2009 is the weakest.

The ugliness goes well beyond unemployment, which at 8.3 percent is the highest this long after a recession ended.

Economic growth has never been weaker in a postwar recovery. Consumer spending has never been so slack. Only once has job growth been slower.

More than in any other post-World War II recovery, people who have jobs are hurting: Their paychecks have fallen behind inflation.

http://news.yahoo.com/economic-recovery-weakest-since-world-war-ii-152031546--finance.html



The article goes on to explain that the great recession itself was brought on by the housing / financial crisis that this article pins on the Dem sponsored Fannie Mae and Freddie Mac magical mortgage disaster

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RE: No hope and no change. - 8/15/2012 5:55:24 PM   
Owner59


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Willard would have added millions more unemployed to the millions of unemployed bush created......


Somehow normal folks are to believe Mitt or McGramps(who also said he`d let Detroit die) would have made things better....faster?


Maybe in cracked-land....

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RE: No hope and no change. - 8/15/2012 6:00:21 PM   
subrob1967


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Oh Sanity you silly Goose, stop lying... We all know it was Bush's fault... In fact everything is Bush's fault, except Bin Ladin... That one was all Obama, he used his teeth and claws to rip the heart out personally, and didn't even get a drop of blood on his favorite golf shirt.

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RE: No hope and no change. - 8/15/2012 6:20:14 PM   
Owner59


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Doesn`t matter how the eonomy goes.....folks know Mitten`s would make it worse......


Rememeber how Mitt was called "uniquily unqualified" ......by his running mates.....?


This,was one of the things they were refering to....


As well...... the ACA and or abortion,etc., make him the least qualified, to appose the President.




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RE: No hope and no change. - 8/15/2012 6:48:22 PM   
atursvcMaam


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Honest I don't know if i can continue to listen to, "it's all bush's fault," and that everyone who disagrees with Mr. Obama is a racist. I didn't like Mr. Carter either, even though he was about the whitest president we have had this century. It had a lot to do with inflation, unemployment, gas prices and availablity. In other words, the economy. Mr Carter scared me a bit with issues in Iran, and Mr Obama causes some international concerns. I won't argue the details, but I am not fully comfortable with developments south of the border, nor in the Middle east. People continue to note WWII as part of the recovery from the Great Depression. If i am stupid enough to tie that together, why would not someone who considers himself the smartest man in the world, or the President?

< Message edited by atursvcMaam -- 8/15/2012 6:50:35 PM >


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RE: No hope and no change. - 8/15/2012 7:03:46 PM   
TheHeretic


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Actually, Sanity, I have lots of change.  I even had to find a new bottle to store it in.  Normally, about the time my containers fill up, I figure it's time for a Vegas weekend, with the change as the gambling money, but just running off to play in Vegas ain't happening in this economy.

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RE: No hope and no change. - 8/15/2012 7:05:31 PM   
Fellow


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I find it interesting the article does not mention outsourcing labor that is one of the most important factors of unemployment and no recovery (no income growth).
   Perhaps low interest policy and lack of regulatory oversight (liars loans)  was the most important reason for housing bubble. The Democrats were pushing housing loans for low income people, but I do not think it was very important factor causing collapse.
  It was Bush fault. Both of his stimulus programs (housing and national security police state buildup) were not good. Still, they included jobs creation. Unemployment was no problem during Bush presidency. It is now and people want to see solutions. There are many I could think about.  It looks like Obama is incompetent. We know he works for oligarchy, bankers mostly, but eventually they will go down  as well. 

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RE: No hope and no change. - 8/15/2012 7:06:40 PM   
Owner59


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Well....a majority of folks do believe the economic damage done, was caused by bush and not by President Obama.


They also know the cons have not only not helped.....but have deliberately hurt our economy, further.


And I`m sorry to disagree with you over our conservative`s capacity for doing real,long lasting damage.


That capacity is infinite.

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RE: No hope and no change. - 8/15/2012 7:54:16 PM   
atursvcMaam


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Obama came in with promises of hope and change, I am still hoping to see some. He said that if he could not fix this in three years then he would and should be a one termer. Who caused the problem is no longer really a problem. It appears that Mr. Obama does not have the skill set that he offered to repair the problems. It is unfortunate because he seemed so confidant coming in. Mr. Obama is not the Unifier he proposed to be. I will admit that if I were in a position of power, beng accused of being a racist, whether correctly or especiially incorrectly, would tend to make me less than cooperative. I admit that i am human. Again, this is not, necessarily, Mr Obama's doing, but comes from those who seem to support him. If he is unable to control this, or even simply comment on it, then he is not the leader i hope for.
I'll agree about the nearly infinite to cause harm, but tend to attribute that to politicians in general, and mostly those with unchecked, unchallenged power.

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RE: No hope and no change. - 8/15/2012 8:10:21 PM   
servantforuse


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I see a lot of empty seats at Obama's campaign rallys this time around. Might be a sign that the end is near for his failed administration. 

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RE: No hope and no change. - 8/15/2012 8:33:14 PM   
atursvcMaam


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I am seeing some room opening up under the bus this season starting with the DNC "We Own the Economy" chairwoman
http://www.politico.com/news/stories/0611/57025.html
who officially only sees this as a "Temporary" job if she follows the rules.
http://www.weeklystandard.com/blogs/wasserman-schultz-out-dnc-chief_647851.html

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live hard, die young and leave a good looking corpse when you die.
Love ya, but, when the zombies start chasing us, i am tripping you.
The glass is always full, the question is, "with what?"

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RE: No hope and no change. - 8/15/2012 9:45:33 PM   
Owner59


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How long would it have taken....for GM to recover, after being allowed to fail.....if it even survived at all?



http://www.nytimes.com/2008/11/19/opinion/19romney.html



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RE: No hope and no change. - 8/15/2012 9:48:38 PM   
Sanity


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quote:

General Motors Is Headed For Bankruptcy -- Again
Forbes-6 hours
President Obama is proud of his bailout of General Motors. That's good, because, if he wins a second term, he is probably going to have to bail ...


quote:

Uncle Sam's GM Investment Is Still Coming Up Short
DailyFinance-10 hours
GM's stock rose to almost $39 after its return to the public markets in late 2010, but it's been all downhill since. Right now, GM is stuck around ...
Auto bailout price tag rises to $25 billion. How high will it go? Washington Post (blog)
Falling GM stock raises government loss on bailout Ventura County Star
Investor's Business Daily - minbcnews.com - Catholic Online
all 115 news articles »


Had we let Chrysler or Ford or Donald Trump buy it maybe we wouldnt have wasted so much taxpayer money that we dont have

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RE: No hope and no change. - 8/15/2012 10:12:09 PM   
atursvcMaam


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Drove a GM for about 6 months until the electric window froze in a down positicon in the middle of winter. I tend to prefer Lincolns, Ford Crown Vics, or Mercury Grand Marquis, although I have owned more Chrysler products. They have been bailed out a time or two as well. Strangely enough, failure is how you learn and grow. I skinned a lot of knees when I was young, but fear of pain is a great motivator. Knowing that you have a net tends to make one care less and risk recklessly. Just my opinion, but the volt looks like it will share a spot in history with the Ford Edsel, Ford Pinto, and the AMC Pacer. There are theories about survival, fitness and adaptability. apparentely there were and are things that need to be addressed that were masked with the influx of money, and willl show up, according to reports, shortly after the election. I could be over reading the bad and foreboding press, so shoot me.

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live hard, die young and leave a good looking corpse when you die.
Love ya, but, when the zombies start chasing us, i am tripping you.
The glass is always full, the question is, "with what?"

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RE: No hope and no change. - 8/15/2012 10:20:35 PM   
Real0ne


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8 more years!

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RE: No hope and no change. - 8/16/2012 6:36:30 AM   
RemoteUser


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Slow growth is still better than decline.

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RE: No hope and no change. - 8/16/2012 7:59:06 AM   
DesideriScuri


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quote:

ORIGINAL: Owner59
How long would it have taken....for GM to recover, after being allowed to fail.....if it even survived at all?
http://www.nytimes.com/2008/11/19/opinion/19romney.html


What would have moved in to take it's place? I know Penske (not sure if it's the racing team or what) was looking at buying Saturn from GM. Why that broke down, I don't know. But, wouldn't those workers continued to have been employed? If Penske could make Saturn production continue, why wouldn't it have?

Would Ford have come in and bought bits and pieces of GM or Chrysler? Ford could have bought the GM Powertrain plant in N. Toledo and made all the upgrades GM has and is making.

You are assuming that nothing would have risen from the ashes of GM. That is incorrect thinking. Plus, if GM failed and no longer made *any* vehicles, who would have made up the difference in supply? Wouldn't Chrysler and Ford sold more vehicles? Demand for their vehicles would have soared, probably beyond their capacity, making it necessary to purchase idled plants and employing idled workers.

That's what happens in a free market. The death of bad ideas or bad business operations, replaced with a different idea or plan.

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RE: No hope and no change. - 8/16/2012 10:58:57 AM   
SternSkipper


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quote:


The article goes on to explain that the great recession itself was brought on by the housing / financial crisis that this article pins on the Dem sponsored Fannie Mae and Freddie Mac magical mortgage disaster


Oh, then you can show us in this 'article' which is really an AP submission (yahoo news publishes ALL of em newsworthy or in this case NOT).... But please SHOW US HOW FANNIE MAE and FREDDIE MAC invented derivatives and the consequential default swap. They're sin was to let themselves (the Agencies Under Direction of the Bush Administration seeking legislative easement from congress(try to remember WHO you were blasting months ago about their new appointments to Freddie Mac and it should clear up the appointment structure... or would like like to eat your cake too? In which case we can just make up who we blame each time.).
Anyway, the so-called article can 'pin' anything it wants on anybody. It's an unimpressive 'article'.


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RE: No hope and no change. - 8/16/2012 11:48:20 AM   
SternSkipper


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quote:

8 more years!


You sure you don't work for this "gubfia" you keep posting about. Every time you post, I've noticed ALCOA spikes.
Too bad you're always pissed off at me. We could make like republicans and some insider trading.


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RE: No hope and no change. - 8/16/2012 1:00:01 PM   
joether


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In previous recessions, its been noted in the history books that Democrats and Republicans alike work....TOGETHER....to accomplish the....PROBLEMS OF THE DAY....quickly and effectively. There were some budget and policy fights here and there, but most understood that if Congress was in total gridlock, that creates massive uncertainty in the economy. In past years, the national economy was not as effected by global forces as they are in recent years. Likewise the level of economic understanding of those previous years could be understood with a high school level economic's class plus additional study (perhaps a year of college work). In the modern era (post 2000), the depth of education needed to fully understand all the dynamics at multiple levels and how those different levels interact requires a serious background in economics (3-5 years of college study).

The problem is two fold:

A) Not enough folks with enough knowledge nor wisdom to handle the questions let alone the solutions to them exist. Handling a large economy is not a piece of cake (just ask the Fed). Each concept enters into the economy, but is also tied in varying degrees of strength to a multitude of other concepts. Which not surprisingly, makes most American's eyes roll back into their heads and the usual drooling that says "Hold my head up to your ear, and you'll hear the ocean!". This is the first problem, understanding the primary and secondary questions before learning and understanding the answers. And to the uneducated, those answers create entirely new questions that must be solved.

B) Not enough ability to 'backwards explain' these economic theories and ideas to folks without the basics of macro or micro economics under their belt. When information is....dumbed down....much of the good material and facts gets lost in the translation. Understanding why a particular set of values are at one level and not another takes the assumption the reader had studied the subject material previously. When such is not the case, the information can and has been taken in to wildly odd and biazzare directions (sometimes stating the opposite of the original thought).

In our country, the gridlock has become some stalled that the House of Representatives worked three days in the month of August and took the rest of it off. Even though there are plenty of problems within the nation to deal with, Congress as far as any of us can know, is failing in its role. It has been observed that when the three branches of the USA Goverment 'get along', things seem to move upward at a steady fashion. This is not the case given the ever widening divide between Democrats and Republicans (with their supporters on each side). The mythical group known as 'moderates' are strangely absent from Congress, nor even if they were present seem to hold no sway. Yet, ironically, this group will largely decide the fate of the nation for the next four years. Further, it seems to be the sense that for anything to actually....REALLY....get done in Congress one party or the other must so completely dominate in Congress that the other side is reduced to nothing more than a footnote.

Is that...REALLY....what America has become? A shadow of its former self? That folks that consider themselves 'red' or 'blue' can not compromise on things? That we must fight for every bare inch of earth from the other side, rather than 'give and take'? I watched a lane closure's effect on a two lane highway. Things understandably slowed down. But things were moving along. The right lane would go with one care, than the left. Trading off equally. In some instances the driver in the right lane was to busy on their cellphone and allowed two or three drivers on the left to go ahead of them. But that is not even the case in our goverment. Its like the front two cards crashed into each other, the drivers out of their cars, hollering at each other over whose fault it is. Meanwhile twenty cars behind, people are becoming more and more aggitated about the hold up. Because they can not clearly see what is wrong. The sensible person would suggest both cars move over to the side of the road, and air their differences out, thereby allowing other motorists to resume going forward.

But even that simple concept will not help us with Congress. No liberal nor conservative is going to backdown and take the submissive posture for the other, for the sake of 'moving Congress and the nation forward'. So that would imply moderates stepping up to the plate and lead by example. Unfortunately, that too is never going to happen. So Congress will remain gridlock for at least another two years, and the economy with it. Whose fault is that? The American people! Of course, I find our current President 'is in the right place at the right time'. Since there are many unscruplous types that would use this oppurnity to take advantage of American citizens, the nation, and the economy for personal or egotistical gain.

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