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I'm sorry the fact that Republicans are most directly responsible for the troubles of the nation upsets you so much that you feel the need to practice such self-deception.
oh please...its the far left fascist/socialist globalists that are responsible for our ills
let this INFORM you, these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's
1993 NAFTA-originally pushed by Brzezenski and his puppet carter,,moved along by reagan's VP bush1----negotiated by another brzezenski puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and obama ahs increased it too, not only as Senateor Obama with OFTA, but also as potus obama..............hmmm)
1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew coumo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages-----the consequence ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years...EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership."
The above is the start of the mortgage meltdown: Clinton's National Homeownership Strategy
those are the two biggest causes of the great recession
then add these:
1996 clinton signed The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES
1998 clinton does not allow drilling for OUR OWN OIL..the liberals say 'it will take ten years before we seee the oil'...guess what its been ten years
1999 Clinton DEREGULATES the banking industry
2000 clinton signs the China trade bill
2000 clinton signs the Commodity Futures Modernization Act of 2000..(which paves the way for ENRON)
2000/1 clinton pushes to get china into the world bank
2002 bush and medicare part d....more big government
2003/4/5 republicans try to reighn in fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/freddy..its a witch hunt"........boy does barney have egg on his face now
1965 liberals push medicare....say it will only cost 10 billion by 1995....in 1995 it cost 100 billion...in 2010 it cost 500 billion, 2012 it cost 600 billion AND CLIMBING
it aint the gop.....its the liberals that have cost us
carter, bush1, clinton, bush2, obama...all liberal (progressive) globalists
How is the middle class' quality of life better when people have been switched from full time to part time (caused by Obamacare) and they now need to hold two part time jobs to make ends meet?
How is it better with gasoline prices the highest ever?
How is the middle class' quality of life better when people have been switched from full time to part time (caused by Obamacare) and they now need to hold two part time jobs to make ends meet?
How is it better with gasoline prices the highest ever?
Posted with TapaTalk
Your so right, everything we buy is double in price everything. And the quality not that great.
There is a couple thinking of buying one of of our homes we have up for sale right now. The older couple both in the medical field. Told my husband and i, they were not with their realtor the first time they stopped by.
That the medical facility and hospital they are associated with, had 30 Doctors, quite in one day. I am not kidding, not making this up. This stuff is happening thruout the Coutry. We know why and in great length took 2 hours to tell us why and who the Doctors and themselves felt responsible. Interesting couple hearing things from the medical professions view.
I know people who 6 years ago were doing pretty darn good, what the hell happened here. They are barealy making it now. Savings accounts are ****. Ok, yes i have many savings accounts, and the interest is crapola. And anyone who does have savings, has seen their money dwindle, which means nothing to those of you who don't know how to save.
Can't make it on part time salary. There is no middle class, Obama is an ememy of the middle class, lower class and the upper class. Economy is not doing great at all, not one person needs to tell most of us what we know for ourself. I know adult children who are not lazy bums, that have had to move back home. They can't make it. And i know two couples right now trying to work with banks, to save their homes. The couples both with their jobs one for 23 years, the other 17 years, now out of work. That is the reality of our middle class, there is no rosey damn picture. None of us can say unless you own your own business, if you will have your job tomorrow. Even then people who own their own business as we do, our working longer and harder hours. Don't paint no rosey picture with me, when i see reality happening around me everyday.
I know many middle class families, they are having a hard time just staying afloat, just paying the necessities, and the basics of life, don't go there, and try to paint a rosey picture that ain't happening.
Truth of the matter though many will not admit it, are having a hard time, just making ends meet, that is the reality.
A few months ago at a Dredging company in Baltimore, the speech was that middle class jobs will be returning to the U.S.
Is this true? In what sectors of the economy?
i've heard that machinists and welders are in high demand. accountants are, i believe, in high demand. M.D.'s are in high demand. the oil & gas sector has solid demand for labor right now.
Quote:
Since a service economy of retail and food service is unsustainable, what are the current plans by the administration.
Are they aware of what middle America is looking like these days?. Opinions welcome.
i think they are just putting out fires right now. i can't say the obama administration has brought positive, meaningful reform to american government.
a lot of the things obama talked about were legislative ideas that needed to come "ground-up" from the other democrats in his own party. the regulatory bills they came up with were just awful. i'm not sure if it's due to corruption or incompetence, but i think the congressional democrats are a pretty sorry bunch.
This is very true. Wall St runs many sub prime student loan scams as well.
Back in the 1970′s, some Wall Street wizard of scam figured out that investment firms could buy credit card debt, issue bonds backed by the debt, and sell the bonds to rich investors. So that’s what Wall Street did. Part of your credit debt each month goes toward paying the rich investor, and that’s also true for your late payment fees.
Before then, getting a credit card was difficult, especially if you were a member of the 99 percent. When Wall Street investment firms began buying the debt, credit cards became available to just about anybody that wanted one.
A few years later after the credit card scam was created, the Wall Street boys figured out that they could do the same thing with student loans. At the behest of investment firms, such as Goldman Sachs, the government under President Ronald Reagan dramatically decreased the funds for grants and increased the funds available for student loans. Wall Street won, the 1 percent won, you and your kids lost. Wall Street and their politicians herded us and our kids into student loans like cowboys herd cattle into a pend to get them ready to be sent off to the slaughterhouse.
Catherine Austin Fitts was trying to "insource" here when she was under Bush Sr. She was basically told. "It's too late we are sending the jobs overseas." Which they preceded to do.
Yes, derivatives are not really new just more extreme. The idea of enslaving everyone through debt and maximizing that advantage as much as possible has been around a very long time. The process of so-called govts investing in what they claim are people's debts should really be questioned.
Says a poster who supports partisans who won't take responsibility for anything. Next time, try to add something to the conversation that doesn't apply more so to the folks who's perspectives you support than it applies to those you're trying to direct it at.
Catherine Austin Fitts was trying to "insource" here when she was under Bush Sr. She was basically told. "It's too late we are sending the jobs overseas." Which they preceded to do.
Yes, derivatives are not really new just more extreme. The idea of enslaving everyone through debt and maximizing that advantage as much as possible has been around a very long time. The process of so-called govts investing in what they claim are people's debts should really be questioned.
Thanks for posting this.
[bUU, I used to believe in Obama in 08- I am not trying to rewrite history, lol.]
The Congress we have now is doing nothing to solve domestic issues. Homeland issues like jobs and quality of life, are IMO, more important to many Americans now. Not propaganda.
Charlie Rose and his CFR friends recommend that CHINA will do great in the global economy now (so invest a few million over there, if you have it.)
So this is what the 1% are investing in. The rest of us, the middle class, are unimportant, and the economy is spiraling a rapid death now. The American worker, in general is being thrown uder the bus.
Interested in hearing more opinions, thanks for some who posted economic facts.
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