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The destruction has been going on since at least the early 1980's. Blaming Obama for it is pretty myopic and ignorant.
That is certainly true but it buys into the right-wing fantasies that everything bad is due to Obama.
This also buys into the fallacy that a good economy is a strong dollar. With a strong dollar American products are less competitive in foreign markets. Moreover, when foreigners lend us money, they lend it in more valuable dollars. When we repay them, it is in less valuable dollars -- a real bargain for us.
Your assertion (see post#144) was that "Obama has helped to devalue the dollar and erode the US economy."
Look at your own graph! The dollar is at the same level at the end of the graph as it was in 2007, before Obama was elected. The major drop in the dollar was from 1984 to 1988 and from 2002 to 2007. Gee, who were the presidents then? Oh, it was Reagan and Bush, respectively.
Thus your contention that "Obama has helped to devalue the dollar and erode the US economy," certainly isn't proven by your own graph. Instead of 'Moveon.org needs to get me some better graphs,' you need graph reading lessons.
Wow-
You are certainly entertaining, if nothing else. Maybe moveon.org needs either a better president, better economic outcomes, or better operatives, huh? Here is a graph (since you like them so much), that shows the devluation of the dollar and shows it nicely extending through today. Again, the moveon.org people can't show the truth, as it hurts.
What was happening during the other admins, coupled with a declining US dollar?
1. low unemployment
2. higher wages
3. higher personal savings
4. fewer mortgage defaults
5. fewer people on foodstamps
Gee............... you wrap all that up and you have some mighty economic misery for citizens of the US, which Obama has metered out "in spades".
Show us another graph and spin us a yarn, MTA. I need a good chuckle before I start seeing patients!
"Polishing a turd" can be hard work. This, of course, is what is required in your repeated attempts to suggest that "all is well" in the Obama economy. Of course, all is not well and everyone knows it. Thus, the attempts of the liberal spin masters is akin to the scene from "Animal House" in which the ROTC member shouts, "all is well" among chaos in the streets.
Try again, MTA. We must give you an "A" for effort, but an "F" for factual content. You will never make it to grad school with such a poor GPA.
Last edited by hawkeye2009; 03-05-2013 at 07:24 AM..
You are certainly entertaining, if nothing else. Maybe moveon.org needs either a better president, better economic outcomes, or better operatives, huh? Here is a graph (since you like them so much), that shows the devluation of the dollar and shows it nicely extending through today. Again, the moveon.org people can't show the truth, as it hurts.
What was happening during the other admins, coupled with a declining US dollar?
1. low unemployment
2. higher wages
3. higher personal savings
4. fewer mortgage defaults
5. fewer people on foodstamps
Gee............... you wrap all that up and you have some mighty economic misery for citizens of the US, which Obama has metered out "in spades".
Show us another graph and spin us a yarn, MTA. I need a good chuckle before I start seeing patients!
"Polishing a turd" can be hard work. This, of course, is what is required in your repeated attempts to suggest that "all is well" in the Obama economy. Of course, all is not well and everyone knows it. Thus, the attempts of the liberal spin masters is akin to the scene from "Animal House" in which the ROTC member shouts, "all is well" among chaos in the streets.
Try again, MTA. We must give you an "A" for effort, but an "F" for factual content. You will never make it to grad school with such a poor GPA.
First, the Bush Admin had negative job growth, low economic growth and high unemployment.
As for gold, your graph shows a piece of a long term trend with the last portion actually flat.
Then talk to Congress.
Your poutrage is ridiculous.
Yes, yes, we get it... you hate Obama.
You even admit it, your entire screed is not based in reality but a rant against Obama.
Don't worry, we survived Bush; you'll survive Obama.
Thanks for ...I am not sure what. What I hate is the actions that were taken. Step 2 is to discover who by action or inaction was such an idiot. And since Bush is another worthless stooge of the FIRE sector shadow government, I am surviving Bush policy now. They use different food coloring in their half baked goods is all. FICA is a regressive tax on labor.
You ain't seen nothin' yet sports fans; just wait until Dec. 31st rolls around sports fans; just wait until the 'projected' surge in revenue from the increase in the capital gains tax rate fails to materialize-- by several hundred million dollars!!!
And the national debt soars, and the DJIA tanks, and more employers stop providing healthcare for their employees, which blows up all of those ludicrously rosy project s about 'savings' to be gained from his healthcare bill, and so on, and so on...
Capital? You mean like rising farm land prices and a new housing bubble? Yeah like its a revenue problem we have....Da guberment, in case you are still blind to it, doesn't need revenue. They have a printing press. Da guberment prints money. They pretend to go into debt.
And if they let farm land prices (bogus capital)rise, the investment banks got one too. Banks print gobs of dirty ,sloppy, ponzi money that looks like just after a meteor hit a cesspool at the piggery. Do you think a trillion dollar deficit increased global food prices? Not a 100 T of credit bloat? Do ya really?
Goldman Sachs style Bernanke , ZIRPy bloat is like a gas giant while you faux conservatives sleep at the switch, completely clueless to our government, Master-Blaster DC-FIRE sector.
It only seems to be a drop in income.
As more taxes are paid and some people havve a drop in income, the recipients of the taxes collected have their incomes increased.
So don't measure the income drop but measure the income increase that wealth redistribution brings.
If the incomes of the recipients of redistributed wealth have not had their income increased then where the heck is all the tax money going?
Could our tax money simply be involved in a money laundering scheme where it s ultimate disposition is in the pockets of wealthy political supporters as payback?
in the thread about the stock market going up, it IS Obama's fault.... credit.. whatever...
LOL.
well, yeah. the stock market is a completely different animal.
but the rub is that the stock market doesn't mean much. it isn't really a measure of the median american's wealth, since its ownership is concentrated in relatively few hands. furthermore it isn't tremendously difficult for the Obama adminstration and the Fed to collectively boost the stock market. It's just a matter of pumping more money into the private sector economy for banks to loan. Furthermore it can be done in a short time-table. Bernanke and Obama could deflate the stock market in a matter of days if they chose.
median personal income is much more important to the majority of americans. Wages are a long-term trend, they don't rise and fall very quickly; they're a result of many years of policy. Unless we revert to a soviet-style command economy, the president has very little control over median american incomes.
That was a very unenthusiastic, blatantly false, response with no graphs. What's the matter? Run out of graphs?
Here are the facts. I can post some more graphs for you if you want.
1. Bush had average unemployment rates half that of Obama
2. Americans had higher incomes with Bush
3. Americans had higher personal savings with Bush
4. The US dollar has fallen markedly relative to other currencies.
5. Obama has spent more in one term than any president in US history.
6. Federal revenues are at record highs, yet we have continued record debts.
It is tough for you moveon.org guys. It is like defending the military prowess of the Italians.
didn't you make a bunch of money off the housing bubble?
no wonder your head is wedged in your ass. For you the Bush days were the glory days.
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