U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
View Poll Results: Vote for most to blame!
Bush admin.. and the legis.. 13 14.61%
Obama admin.. and the legis.. 18 20.22%
Clinton admin.. and the legis.. 3 3.37%
Big Businesses Best Buddy's with Big Gov 6 6.74%
Crazy Exp.. / Reckless Gov Creations 3 3.37%
Value Combo of 1 and 4 7 7.87%
Value Combo of 1 and 4 and 5 0 0%
Value Combo of 2 (and/or 3) and 4 3 3.37%
Value Combo of 2 (and/or 3) and 5 3 3.37%
Value Combo of 2 and (and/or 3) and 4 and 5 4 4.49%
ALL OF THEM 12 13.48%
OTHER (comment why you chose other in this thread) 17 19.10%
Voters: 89. You may not vote on this poll

Reply Start New Thread
 
Old 12-06-2013, 11:31 AM
 
31,385 posts, read 31,113,734 times
Reputation: 14878

Advertisements

The problem is very simple, when 70% of GDP is based upon consumer spending and consumers don't have either the money or the desire to consume, the economy falters.

Reply With Quote Quick reply to this message

 
Old 12-06-2013, 11:39 AM
 
Location: The High Plains
525 posts, read 418,501 times
Reputation: 244
Quote:
Originally Posted by ovcatto View Post
The problem is very simple, when 70% of GDP is based upon consumer spending and consumers don't have either the money or the desire to consume, the economy falters.
Exactly. The issue becomes how does it get fixed. Is it a product of expansionary monetary policy in the form of stimuli to increase aggregate demand? Is it tax cuts, credits, and regulatory rollbacks to incentivize investors and entreprenuers to start and/or expand? Is it stimulus via rebate checks to the consumers?
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 11:42 AM
 
Location: Arizona
12,758 posts, read 7,382,654 times
Reputation: 6738
I voted 'other" because I believe that the republicans who knew the nation was in dire financial straits decided when Obama got elected not to provide any bi-partisan support to the new administration. The US government with two political parties will go to gridlock if there is no bipartisan consensus. There has been no bipartisan consensus since January 20th 2009.
Frankly, i'm surprised that the president and his administration has been able to accomplish as much as they have because the republicans not only refused to come to ANY consensus on any piece of legislation, they have actively battled every initiative president Obama has put forth. Even to the extent of shutting down the US government and bringing the entire world economy to the brink of disaster.

If our political parties had worked together, by now the US would be a 21st century powerhouse, ready to compete economically with the emerging economies of the world. But instead we are 32nd in education and 21st with health care coverage and all our jobs are disappearing to other countries who can do the job cheaper and better.

And none of it had to happen.
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 11:46 AM
 
48,519 posts, read 81,210,251 times
Reputation: 17979
Plus those comsumers did much of that spending on credit they couldn't afford.
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 11:53 AM
 
Location: Sonoran Desert
28,006 posts, read 37,999,435 times
Reputation: 17513
Quote:
Originally Posted by 2e1m5a View Post
The Federal Reserve and their buddies that they deemed "too big to fail"-Goldman Sachs, JP Morgan, Chase, Citi, Bank of America.
That was Henry Paulson and Treasury, but anyway, that was the treatment, not the disease. Had they not done the bailout, you would now be standing a cold line of hopelessness waiting for a bowl of potato soup and piece of stale bread.
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 01:26 PM
 
Location: The Republic of Texas
60,868 posts, read 30,817,770 times
Reputation: 12967
Quote:
Originally Posted by HappyHarley View Post
1. Bush administration and the legislature branch. (2001-2009)
- Afghanistan War
- Iraq War
- DHS
- ATSA (Aviation and Transportation Security Act)
- Patriot Act
- MMA (Medicare Modernization Act)
- NCLB (No Child Left Behind Act)
- TARP (Troubled Asset Relief Program)
2. Obama administration and the legislature branch. (2009-present)
- ARRA (American Recovery and Reinvestment Act)
- CARS (Car Allowance Rebate System)
- Continuing Wars/Nation Building
- ACA (Affordable Care Act)
- WSRCPA (Wall Street Reform and Consumer Protection Act)
- HIRE (Hiring Incentives to Restore Employment ACT)
- UCEA (Unemployment Compensation Extension Act)
- TRUIRJCA (Tax Relief, Unemployment Insurance Re-authorization, and Job Creation Act)
3. Clinton administration and the legislature branch. (1993-2001)
- FMLA (Family and Medical Leave Act)
- HIPPA (Health Insurance Portability and Accountability Act)
- PRWOA (Personal Responsibility and Work Opportunity Act)
- GLBA (Gramm-Leach-Bliley Act)
4. Big Businesses/Industries/Associations/Groups that are Best Buddies with Big Government.
- GM (General Motors Company LLC)
- Chrysler (Chrysler Group LLC)
- GE (General Electric)
- Walmart (Wal-Mart Stores, Inc)
- Big Banks (Federal Reserve, Wells Fargo, Bank of America, Chase)
- AFBF (American Farm Bureau Federation)
- ABA (American Bar Association)
- NAR (National Association of Realtors)
- AHIP (America's Health Insurance Plans)
+ too many others
5. Crazy Expensive and/or Reckless Government Creations.
- EPA
- DEA
- HUD
- DHS
- IRS
- NSA
- BATF
- DOE
- FDA
+ too many others

Other.....
The day the federal reserve was created, 100 years ago. The reigns were let go by Nixon.


With Clinton you forgot two main reasons for the economy we have today.
NAFTA
The China Free Trade Act
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 01:33 PM
 
8,306 posts, read 3,479,308 times
Reputation: 1591
Quote:
Originally Posted by AZcardinal402 View Post
Exactly. The issue becomes how does it get fixed. Is it a product of expansionary monetary policy in the form of stimuli to increase aggregate demand? Is it tax cuts, credits, and regulatory rollbacks to incentivize investors and entreprenuers to start and/or expand? Is it stimulus via rebate checks to the consumers?
Anything within reason to get more dollars in the pockets of the middle class.

When the middle class starts to spend in better fashion and demands kick up, then entrepreneurs will have reasons to expand. Most businesses won't be starting or expanding until then. IMO Egg first in our case today.

Lower middle class taxes. (Payroll and gas) No sequesters. More central supports, not less. Helo money drops. Or have the Feds issue every state a check for $5K per resident to do with and administer as they please.
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 01:37 PM
 
Location: Colorado
1,969 posts, read 1,905,761 times
Reputation: 1723
You left out ALEC.
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 01:41 PM
 
38,048 posts, read 19,018,151 times
Reputation: 12103
Obviously Obama is not god after all. He part the seas and turn it around.
Reply With Quote Quick reply to this message
 
Old 12-06-2013, 01:41 PM
 
Location: Texas
32,682 posts, read 17,735,667 times
Reputation: 18768
Default Who/What is most responsible for our terrible economy?

Gramm/Leach/Bliley Act and the GOP congress that passed it in conjunction with the corporate parasites who used it for short term gain at the expense of the world economy. We're all living with the results.

I reserve a small amount of resentment towards Clinton for not vetoing it.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top