The right has demonized every method that the government can used to try and help the economy. They have no suggestion other than the economy will fix itself. And they are right, the economy will fix itself. Historically, all downturns usually fix itself. The problem is that it took 30 to 60 years to do so. While we are waiting the Chinese economy will continue to grow at 9% a year. In a few years it will be bigger than ours. In a few decades while ours recover it will fe a few times bigger than ours.
Does the color of his pants bother anyone else?
Blaming someone else for your shortcomings will not solve the problems.
The fact that Obamas budget was rejected by the senate 97-0 .. yes .. 97-0 (what a reject)
.. and the fact that the democratically controlled senate had not come up with a budget in over 900 days .. goes to say something about weak leadership and responsibility that we have in DC today.
There are 535 people in DC that are responsible for the budget and not one party .. although I can see that the strength of the democrats is blaming someone else for all the problems. That does not get the job done. The rich are fetting richer .. the poor getting poorer - if there is a problem in DC then congress is the one who could get it done .. but they haven't for many reason$$$.
What part of raising the debt ceiling by $2.3 trillion don't you'all understand either .. you're broke, your credit cards are maxed out .. so what do you do .. charge it!
You're one of the ones singing the same tired tune. That tune goes something like this: The dems blame everything on the other side.
As if that's all they do.
However, nobody is always, never, or only one thing. With the possibility of the obstructionists who have been "defeat Obama in 2012 no matter what" since he took office, if not even earlier than that.
PS The US economy is not the same as your family's checking account and credit cards.
Quit acting like it is.
I guess it is ok for stewart to say the right is demonizing America, Res to post a picture with everyone who does not agree with Obama an A**Hole.
I will agree with you that there are people who do not want to see Obama succeed .. just like there was with GW and Clinton and Bush Senior and ... that is known as having a difference of opinion. I thought my comment about 535 people in DC (as in 100 senator and 435 house of representatives) was right on - and did not call out any party.
Did I step over the line when I mentioned the 97-0 and the no senate budget for a couple of years? Man that's really blaming the 'other' side.
You're right though - it is getting tiresome spouting off about politics, especially the only comments made to any of the posts on MV are poltical posts.
I've always said to Gramps .. challenged him .. .that if would stop posting political things on MV then I would too - Gramps says he only posts things that he finds interesting .. and I take the same tact. I only try to show the other side of the coin .. as if there were only two sides. In the case of dem and repubs - too often the sides are the same yet many will not admit to that.
I freely admit that the main stream repubs have failed the basic American, yet I feel that main stream dems think that the repubs are the only party that has sold out to the rich oligarches and that the dems want to hold the higher ground as if they were better - the dems are just as much responsible as the repubs when it comes to the state of the country ... again 535 people in DC.
That is why I have supported Ron Paul the last election and will continue this next election too. I've voted for my democratic house of representative Anna Eshoo several elections in a row now - not for the dem senators however - I do not like Feinstein and Boxer. So it is not a matter of liking or hating a particular party .. what I do hate is the impression that it is all one party's fault for this mess ... so when I read predominately posts in MV about this tea party or conservative repubs are ruing this country, I feel I have to put in a counterpiont. I do not count steams posts as being dem or repub .. he is just a whacky person.
I thought the article itself was kind of ambiguous about dispelling myths and whatever was offered as proof was just someones opinion. That is why my original post was about all the crappy things going on with the economy today - those are concrete things not some economists opinion, however I thought that many of the commenters had more valid points that the author of the article - like the different inflation calculators or the comment that
They left out the most important myth that we have a free press reporting what's really going on. The oligarchs own the press and use it to play good cop bad cop and the serfs. We are all fools.
Americans would rather hear and talk about Obama's vacation - like or dislike, than hear that the US treasury bonds sold last week had the lowest yields ever. Of course the yields were the lowest because while the government finances are not like a households, no one thinks we can pay back the debt we already owe, much less with interest. I think that America can pay it's debts off - but not with the increasing debt we have year after year - to ignore that is insane.
The global debt clock - per country
Now trying to explain to MV'ers why this clock and debt is important .. well that is getting real tiresome too and it just falls on death ears for the most part.
*edit* not worth going into the troll pits over.
PS why is it so hard for people to hit "reply" now? That never used to be hard.
Just some minor things to point out to you.. No one posted anything in this thread first but you.. Then you turn into a "no its ok for everyone else waaaah *Cry cry* bit. "
You where the first one and you even posted a picture (which you do constandly these days) lol claiming everyone who doesnt think like you in denial. Not to mention the rude style in which you constantly attempt to speak down to everyone.
You seem to do the exact thing you accuse everyone else of doing and i think at this point it you're tactics transparent to the masses and you FAIL!
It looks like people who dont even get into politics here are more then sick of you, so eh.. I would just suggest changing yourself for the better while you can. Going on like you're buddies steamed and baron , is not helping yourself. It doesnt help the idea you want to make, it makes people want to run like hell from Ron Paul and fanatical supporters.
Yes I was the first to post .. what difference does that make. Sorry to have an opinion .. certainly that is different than Gramps or yours.
The 'picture' had nothing .. nothing to do with politics - your prejudice and bias kicked in ..as usual, and you had to post that people who don't get along with Obama are AHoles. Yeah .. real nice and clear to where your head is at.
What part of the 97-0 and senate not having a budget is being biased - perhaps denying it might be that way .. again - I'm sure you don't see it this way however.
What part of 535 people in DC can change this is biased??? Wait unless you think that there is only one party that is the cause of the country's problems .. that might be biased and irrational?
.. and no political post would be complete without your whining about something .. usually me. Ignoring any facts or even talking about the original post. Did you even read the article and the comments'
The economy sucks right now .. that is not a myth. Has it gotten better in the last few years .. do you have more in your bank account than a few years ago .. have you been on more vacations with all that extra money? Are the rich getting richer .... the poor getting poorer. Unemployed still unemployed. Note .. not one mention of a political party ... yet you will probably take offense to this.
Some thought that there would be change .. and to keep bringing up that things are as bad if not worse than under GW .. how could that be!!!
I'm sure that is tiresome to hear from some - to me it is meet the new boss same as the old boss. I think I've been pretty consistent about saying that. If you keep electing the same folks that got you into this mess and expect different results, then that is crazy.
This is not why I visit and post at MV though - to discuss politics, the majority of my posts are not about politics - the majority of discussions are about politics though. Perhaps I should just turn the other cheek, not give my opinion which is different than yours obviously .. I am according to your picture just an A**Hole - so turn the other cheek.
3 weeks ago my employer had their first lay-offs since mid-decade when they consolidated billing depts and canned a bunch of hourly workers. This time it was 40 management positions. Meanwhile some of the hourly contract positions (worker bees) have been made permanent. So yeah, looks to me like the economy is getting better.
You're picture did have to do with politics? You have resorted to acting like a 4 year old trying to blame everyone else for exactly what you do and after you do it first. Its pretty damn emo and lame! Meh, grow up man... If you dont want to grow up atleast stop wasting everyones time.
Do you even think about what you're writing? State of denial .. what party is that concern .. if the show fits - then wear it. Denial is not a political party.
Again - name calling - no facts - call me a child and you call me lame. You are something else. If you think I am wasting your precious time ... then don't read my posts .. apparently you don't really fathom what is in them or read the article.
My employer is having another year of 10->15% layoffs this summer as well - last year it was 10% two years before that another 10%. They have said that there will be more layoffs this fall. There were quite a few management positions that got whacked in this last round. I don't see unemployment getting any better.
California unemployment grew to 12% this past month, up from 11.8% in June - second only to 12.9% unemployment in Nevada.
10.5% unemployment in Santa Clara (June)- Silicon valley - heart of the tech companies, I'm sure the numbers will be higher come September. October 2008 unemployment in Santa Clara valley was 6.7%.
As California goes - so goes the rest of the country.
My employer is having another year of 10->15% layoffs this summer as well
As well? Until this recent round of layoffs we have grown through acquisitions and new products since 2008. This layoff was overdue in that we were top-heavy. Worker bee positions created/filled, management whacked (nice severance packages though.) We'd managed to avoid any layoffs since those in 2005. We're doing good, I'd say.
To all those who think this country is broke, please explain to me why the interest rate is so low. Some of you will say that it is low because the Fed discount rate is low. And you would be wrong. If there weren't lots of excess money around then the Fed couldn't keep interest rate down. Monetary policy cannot do much when there is an excess of money. The problem right now is low demand not debt. Unfortunately everybody and every government has decided that we need to cut spending as deeply as possible. I expect that the resulting depression will be deep and long.
Blame the economy. Both individuals and businesses are wary about borrowing money. Less demand typically drives down the cost of a product. The product in this case is loans, and the price is the interest rate. With little demand for loans, banks don 19t need to compete much for depositor funds and so aren 19t paying much on their deposit accounts
The Federal Reserve, which is keeping interest rates low to try to stimulate borrowing, spending and the economy. The Fed 19s big fear is that higher interest rates would choke off the economy 19s recovery and send us spiraling into another recession.
As I said, the treasury bond rates last auction were lowest ever Treasury bonds were/are considered to be one of the safest investments out there as they are backed by ... the dependable US - which is trillion$ and trillion$ in debt. The Federal Reserve reflected that deterioration in its statement after its Tuesday meeting, saying it planned to keep the key overnight fed funds rate near zero until mid-2013.
There are some that say that the bailout was not enough and that we should have printed more fiat money .. surely that would have fixed the problem. Yes, because throwing $1.5 trillion to Wall Street banks - domestic and foreign was not enough to save the economy. Some think, like FDR's management ... or mismanagement of the 1930's recession caused it to be longer than it should have been and many feel that this is the case with today's recession - that govt already did too much and that that it's actions has exasperated the economic woes. Iceland has manged to get through there economic crisis without bailouts and is on the road to recovery and many feel that this is a route that America should look at.
I suggest you Google the answer however ... if I posted it then I would be accused of being a troll, prejudice and that I hate democrats.
*shrugs* Just a bit of advice, you are not helping the point you want to make T.. The only thing you are doing is hurting you're own reputation.
That has nothing to do with the view you hold or censorship. Its more the tactics and attitude you have been giving out which seems to be annoying the masses at this point.
Eh, do as you wish but i would seriously suggest stepping back for a bit.
if I posted it then I would be accused of being a troll, prejudice and that I hate democrats.d
Yeah, i think its everyone else at fault here not you.
I have even heard that it was FDR that caused the "Great Depression". The problem with the idea of not doing anything is that you have to stand by and watch people starve to death. And then there are people like me who would refuse to watch our children slowly starve to death and would decide to do something about it. And you would have to kill us to stop us. So therefore the idea that the government shouldn't do anything is usually proposed by people who are in no danger of starving and people who have a strong hatred for the poor and the middle class. As for FDR, FDR did not do enough and that's why the depression lasted as long as it did. He had to fight against the rich and powerful who wanted the poor to just die and disappear. It was World War II that finally force the government to do what it should have done in the first place and that was tax the rich heavily and spend money like there was no tomorrow. The funny thing was that all of the naysayers were wrong, the nation did not go bankrupt and the economy grew for decades after. Now we are living in a world were empirical evidence does not matter, only belief matters even if this belief has proven itself wrong time and time again.
Big_T
The economy is doing great .. all that high unemployment, layoffs, post office going bankrupt, record number of people on food stamps ... states can't pay their bills .. bury their dead .. record low interest rates on the last treasury bills ... things are just rosey peachy keen.
