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.
Let's not get hung up on the definition of economic recovery or two quarters of growth. Look at the bigger picture and the direction Obama is taking our country. Not so rosy, is it?
"But under Obamanomics, the problem has gotten much worse and this can be seen in the unevenness of the recovery:
Liberal economist Emmanuel Saez produced a study on income inequality that showed the top 1% capturing 93% of the wealth created in the first year of the recovery. The figure was 65% during the Bush administration.
1. So this isn't exactly an endorsement of the Obama recovery is it? I mean, for 99 percent of Americans there has been no recovery, according to Saez.
In other news, Wall Street paid its employees more than $40 billion in bonuses the past two years."
Let's not get hung up on the definition of economic recovery or two quarters of growth. Look at the bigger picture and the direction Obama is taking our country. Not so rosy, is it?
Actually, the direction Obama wants to take the country in looks very nice. High wages, health care for all, clean air, equal pay for women, equal treatment for LGBT's, fewer wars, lower debt...
I'd compre it the the republican vision, but at this point, they don't have a vision. They're just flailing around angrily.
Ah yes what is this now the third "recovery summer"? LOL. I guess if they keep screaming it the same folks who believed it the first couple times will again too. The proof is in this very thread.
Ah yes what is this now the third "recovery summer"? LOL. I guess if they keep screaming it the same folks who believed it the first couple times will again too. The proof is in this very thread.
The proof, literally, is in the numbers that have shown economic growth. Those are called facts. You can choose to ignore them, but that does not make them go away.
Ah yes what is this now the third "recovery summer"? LOL. I guess if they keep screaming it the same folks who believed it the first couple times will again too. The proof is in this very thread.
At this very moment, I can refer SIX people to jobs if they are qualified. PM me, if you're looking and can't find work, along with your qualifications (hint: it is IT related).
But then, you're among those who "knows" things were better when Obama took office.
Let's cut the baldfaced lies, ok? Obama had nothing to do with this recession. I am not pinning it on Bush either, at least singly. It was Bush I, Clinton, Bush II, probably Reagan, both houses of congress, stupid, corrupt banks, self-serving realtors and mortgage professionals, and greedy, stupid consumers that got us in this mess. Trying to pin it on Obama is just plain sleazy.
So according to you it is every other nationally elected politician's fault in the past 20 years except Obama. According to you, it's even the fault of the Congress Obama himself served in without being his fault. That's amazing.
But anyway, people aren't saying the recession itself is Obama's fault. People are saying he was a total failure at managing to get us out of it. Just like FDR didn't start the Depression but he damaged and delayed the recovery from it, Obama did the same thing.
Quote:
Given the hand he has been dealt, he has done pretty well, and we are in recovery.
Given the hand he was dealt, he failed abysmally. FDR failed and then Obama came along and tried to use the same tactics and failed again. Keynesian economics do not work. You cannot "fake" a healthy economy with massive government regulation and spending. You need to let the economy right itself like Harding did and Reagan did.
So when the rich get richer under a Republican, then that's corporate welfare, letting the poor fend for themselves, trickle down economics doesn't trickle down, yadda yadda yadda.
But when the rich get richer under Obama then it's oh don't pay attention to that, GDP is growing so hurrah for Obama!
The economy was doing great under Clinton - but things turned south soon after GW took the reins. Meanwhile, Obama has done nothing to right the ship - except throw trillions in Fed debt at the problem, giving the appearance of some sort of 'recovery'.
There is no comparison. The dot.com recession hit some businesss and the minority of citizens with a lot of money the stock market, the housing bubble destroyed middle class wealth in a massive way. The president cannot fix a 34% decline in housing prices coast to coast. There is not enough money in the treasury to do that. Especially when Tea Partiers have mixed up Keynesian policy with communist takeover. It will simply have to play out as it has, with steep price drops, and a gradual drop in housing inventory as people return to work, which will eventually bring prices into growth territory.
So when the rich get richer under a Republican, then that's corporate welfare, letting the poor fend for themselves, trickle down economics doesn't trickle down, yadda yadda yadda.
But when the rich get richer under Obama then it's oh don't pay attention to that, GDP is growing so hurrah for Obama!
What hypocrisy.
These are facts. Growth is measured in GDP. The economy isn't in recession, it's growing.
The rest is a strawman argument you made up and are attributing to me. It's the lamest, most empty-headed tactic on a forum.
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.
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.
