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The President does not control Wall Street.
And the President cannot create jobs. Only Congress can create jobs and then only government jobs.
If that is the case, then the ONLY valid POV from the conservatives here for Romney just went up in flames and shows that the vitriol and hate spewed from the right were in regards to something else entirely.
We the tax payer now own the debt that is buying up toxic assets through QE3.
We the tax payer own GM who has a huge loss in the stock market. We the tax payer are loaded with assets that are losses. Is this prosperity as we the tax payer hold the bag for every loss including Obama's pet projects in green energy? Obama is bankrupting you, your kids and generations to come. Four more years of grief and debt.
The Dow is up over 62%. The S&P is up over 80%, the NASDAQ is up over 119%, and you're asking how that helps the economy?
ROTFLMAO.
The CCI is up to 72.2 up 92%! The manufacturing index is up 48%. Corporate income is up since PRESIDENT Obama took office. CEO pay is up 20%.
According to the RWNJ's here have intimated that a better market and investment will make the economy better. Are you now saying it won't?
The economy lost over 3.8 million jobs BEFORE Obama took office. Since 2008, there were almost 9 MILLION jobs lost. Just stopping that is a HUGE plus for the economy.
And the PRESIDENT did all this in the face of republican obstructionism and vitriol!
Most of the "economic growth" is the result of deficit spending - i.e. spending more than we have. For example, the $1 trillion of annual deficits is a full 6% of our GNP. Without the debt we would be in a recession. However, it is digging a bigger and bigger hole. Imagine if someone increased their wealth by buying larger and larger homes on borrowed debt. At some point, the debt is too large to pay back and everything caves in (the housing bubble).
The Federal Reserve is financing the debt by printing money and buying Treasuries. As a result, the value of our money is eroding. Because of this, the average household's income is the lowest it has been since 1980. The wealth gap is the largest it has been since the years just prior to the Great Depression.
Who has benefited the most from all of Bush's and Obama's deficit spending. Very simple. The top 1% ultra-rich who now own 40% of the U.S. wealth. I think it is important to understand that he people who have benefited the most from Obama's administration is the top 1%. Their share of wealth has actually accelerated under his administration.
We the tax payer now own the debt that is buying up toxic assets through QE3.
We the tax payer own GM who has a huge loss in the stock market. We the tax payer are loaded with assets that are losses. Is this prosperity as we the tax payer hold the bag for every loss including Obama's pet projects in green energy? Obama is bankrupting you, your kids and generations to come. Four more years of grief and debt.
I agree. But there have been similar policies that benefit the top 1% in place ever since the first Bush's administration. It merely accelerated to a fever pitch under the second Bush and Obama. Bad policy is bad policy whether it is a Republican or Democratic administration (I see them as two sides to the same coin).
Interestingly, the two representatives who most oppose this type of Federal money printing are Ron Paul and Bernie Sanders, who are on opposite sides of the political spectrum. What they have in common is an end to waste that feeds both political parties.
The mortgage industry was a bubble so much as a implosion due to fraud and manipulation.
Two million mortgages didn't see the first mortgage payment. Investors, foreigners, illegals, low income, no income , degenerates bought homes and lived in these homes for years free and not paying a cent on the mortgage as the banks couldn't more for years to foreclose. What about that fraud?
We're headed down the same road as Greece . . . because someone said we're headed down the same road as Greece.
It is exactly the same, the only difference is that Greece cannot print its own money because it is part of the European Union.
Here in the U.S. we just print money until everyone is working as part-time workers, earning low wages, without benefits, and with a devalued savings. We spread the love around ... the bottom 99%.
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