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The economy is shrinking because SOMEONE carelessly let the first domino get knocked over and then didn't do anything about it until thousands more dominos began falling. Costly...
Location: planet octupulous is nearing earths atmosphere
13,621 posts, read 12,726,125 times
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Quote:
Originally Posted by MovingForward
Get real. The entire international financial sector is not responding to Obama. If you believe that--that one man has the power to rule the world--then you really do believe he is a "Messiah." What's your reasoning for the tanking of the economy BEFORE Obama was in office? Hmmmm?
hmmm would that be greed and stupidity!!!!the titanic is sinking every man woman and child overboard..opps not enuogh life boats to save the dow it's going down with the ship to about 1500 bail now..
Get real. The entire international financial sector is not responding to Obama. If you believe that--that one man has the power to rule the world--then you really do believe he is a "Messiah." What's your reasoning for the tanking of the economy BEFORE Obama was in office? Hmmmm?
I believe that if you look at the last 30 years of data, the markets overseas generally track the US markets.
One of the things that well known forecaster Peter Schiff has gotten very wrong in his recent predictions was that the foreign markets would be "decoupled" from the US markets, and do well despite his predicted view of the US market being a disaster.
Mind you, I'm not saying that all of this is Obama's fault but I am really growing tired of all the people that think Dem=Good/Repub=Bad (and vice versa). I think parties on both sides share a LOT of blame.
Lets not forget a key component in our form of government, the people themselves. We seem to forget that we too play a role in this government and in fact the people ARE the sovereign and the government is supposed to work for us. If we do not make wise choices based in long considered deliberation, then we end up electing those less qualified to govern.
People often make note of the power of lobbies in Washington, such as AARP, AIPAC, NRA, etc... and yet people are the biggest lobby of all. Now if only they lobbied on behalf of their own interest instead of the interest of political parties, we might get somewhere more productive.
I believe that if you look at the last 30 years of data, the markets overseas generally track the US markets.
One of the things that well known forecaster Peter Schiff has gotten very wrong in his recent predictions was that the foreign markets would be "decoupled" from the US markets, and do well despite his predicted view of the US market being a disaster.
He also said that the decoupling process wouldn't happen overnight.
Keep in mind that China's economy is still growing and Australia's GDP is barely down (something like 0.6%?)
Get real. The entire international financial sector is not responding to Obama. If you believe that--that one man has the power to rule the world--then you really do believe he is a "Messiah." What's your reasoning for the tanking of the economy BEFORE Obama was in office? Hmmmm?
Maybe it was both parties acting in unison to preserve a world empire and expanding social programs?
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