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Simple: still Bush, but I'm less insistant it is squarely in Bush's corner than other of my liberal friends.
I know that the US is in the tail end (hopefully) of a secular bear market. Basically it started with the dot-com bust in 2001. Other secular bear markets have born out a 10-15 year cycle. This means that it could be until 2016 before we see real change in the economy, and there's nothing Big Ears (Obama) or Lumberg (Romney) can do about it.
This latest secular bear market came about for multiple reasons:
1) Baby boomers stopping spending on their kids. In 2001, I (a member of Gen Y) was in college. There was a brief moment after the dot-com bust that the economy seemed to recover but that was a drunken credit binge.
2) Baby boomers stopped upgrading their housing because kids went away to college. The years and years of the boomers having kids and wanting houses in teh suburbs, along with the War generation basically starting it, created a euphoric effect for real estate in which an entire generation of real estate people made careers off selling "it can't go down." Well it did because the boomers kids' went off the college or the workforce.
3) Gen Y is having the hardest time since WWII ended finding jobs. Period. All the rhetoric of "find a job" is stupid.
4) Not finding jobs = putting off a family, which means less people.
5) Technology causing productivity increases ended in 2001, which means people had to keep working longer hours and moms too. Well if both mom and dad are working and kids can't legally work (yet), and they're both working 20% overtime, there's no more room except for natural productivity increases.
6) Debt.
The US economy is the biggest in the world, and you can't right this ship like you can mom and pop's corner grocer or pizza parlor. You can't just change the magic sauce to right it over night or even in 4 years. In fact you can't fix a secular bear market nor can you change how big the economy is. It will take time.
And if I'm right even if Lumberg is elected then he won't be able to right the economy. It'll be whoever comes after him.
Simple: still Bush, but I'm less insistant it is squarely in Bush's corner than other of my liberal friends.
I know that the US is in the tail end (hopefully) of a secular bear market. Basically it started with the dot-com bust in 2001. Other secular bear markets have born out a 10-15 year cycle. This means that it could be until 2016 before we see real change in the economy, and there's nothing Big Ears (Obama) or Lumberg (Romney) can do about it.
This latest secular bear market came about for multiple reasons:
1) Baby boomers stopping spending on their kids. In 2001, I (a member of Gen Y) was in college. There was a brief moment after the dot-com bust that the economy seemed to recover but that was a drunken credit binge.
2) Baby boomers stopped upgrading their housing because kids went away to college. The years and years of the boomers having kids and wanting houses in teh suburbs, along with the War generation basically starting it, created a euphoric effect for real estate in which an entire generation of real estate people made careers off selling "it can't go down." Well it did because the boomers kids' went off the college or the workforce.
3) Gen Y is having the hardest time since WWII ended finding jobs. Period. All the rhetoric of "find a job" is stupid.
4) Not finding jobs = putting off a family, which means less people.
5) Technology causing productivity increases ended in 2001, which means people had to keep working longer hours and moms too. Well if both mom and dad are working and kids can't legally work (yet), and they're both working 20% overtime, there's no more room except for natural productivity increases.
6) Debt.
The US economy is the biggest in the world, and you can't right this ship like you can mom and pop's corner grocer or pizza parlor. You can't just change the magic sauce to right it over night or even in 4 years. In fact you can't fix a secular bear market nor can you change how big the economy is. It will take time.
And if I'm right even if Lumberg is elected then he won't be able to right the economy. It'll be whoever comes after him.
Damn, I wish I had known back in 2008 that we had to wait till 2016 for some kind of recovery. I have been against Obama all this time and you say that he has been wasting his time blaming Bush and telling us that we need to accept more government control in order to get some recovery. I was so sure that he was wrong and now I see very plainly that somebody piled a steaming pile of Pelosi at your doorstep and you stepped in it.
We could get some kind of recovery with Romney but won't get anything but more of the same with Obama while he establishes his take over of the whole thing with his Obamacare. Would you try to explain what a secular bear market is to a simple minded man like me? Just in case I don't know what secular or market mean and how you combine the words to mean something please try to explain it to me.
There isn't some chance that you are mounting a left handed bit of deflection, would there?
If Obama wins this country deserves the disaster that come with it....
And you're delusional if you think Romney will be any less of a disaster. Hello next trillion dollar Middle East war and massive tax cuts for the rich.
Some people dont seem to know how bad this country got hurt during the bush years. You can break a leg in 2 seconds,,,,,,but then take 6 to 8 weeks to mend. Bush and friends broke things that will take a long long time to fix. For example, when Bush was about to leave office and the economy was in shambles why did he in his last few days sign the long lasting money deals with the bail outs?,,He made sure that he tied Obamas hands in many ways What was anyone going to do about it. The election for the repub cronies (McCain) was already lost...The republicans were like someone who is being evicted from owning a candy store. They knew they were being thrown out so why not have a candy party . Give it away, waste it, hide it. They figured if they lost the store the unpaid for candy was still theirs. so they looted the store.This is a very good comparison of the republicans when Bush left/
There isn't some chance that you are mounting a left handed bit of deflection, would there?
None. I'm being nonpartisan in my response. You're fishing for something that isn't there. And I'm serious that even if Obama had lost in 2008 we would be still in the doldrums. All I'm saying is, doesn't matter who it was in office these past four years would not have made a difference, and likely won't make a difference the next four either. The Bush years were built on credit and if you consider the net jobs gain from his 8 years, it's exactly zero, due to the secular bear market.
Non-partisanship in the politics forum? Now there's something different! LOL.
Some people dont seem to know how bad this country got hurt during the bush years. You can break a leg in 2 seconds,,,,,,but then take 6 to 8 weeks to mend. Bush and friends broke things that will take a long long time to fix. For example, when Bush was about to leave office and the economy was in shambles why did he in his last few days sign the long lasting money deals with the bail outs?,,He made sure that he tied Obamas hands in many ways What was anyone going to do about it. The election for the repub cronies (McCain) was already lost...The republicans were like someone who is being evicted from owning a candy store. They knew they were being thrown out so why not have a candy party . Give it away, waste it, hide it. They figured if they lost the store the unpaid for candy was still theirs. so they looted the store.This is a very good comparison of the republicans when Bush left/
If not for the bail outs our country would have gone into a depression. Freddie Mac and Fanny May propped up by libs with Obama included did the damage. Bush warned people many times to stop them, libs refused to listen.
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