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Not sure that will happen, unless the TEA folks brew up a new kettle of truth.
Huh? You do know that the grassroots has seriously invaded the GOP, right? Still, political parties are very top-down organizations. It's a very difficult thing to actually move a party or replace the leadership - which currently is far more in love with being washington DC socialites than doing anything that needs to be done.
Huh? You do know that the grassroots has seriously invaded the GOP, right? Still, political parties are very top-down organizations. It's a very difficult thing to actually move a party or replace the leadership - which currently is far more in love with being washington DC socialites than doing anything that needs to be done.
Yes they have made great strides, but the old guard is holding the purse, and unless they step up the pressure, the TEA pot will dry out.
Go ahead. Ignore the facts. Deflect, all you want to.
The question is not how many recessions we have had in the last century, or so far this one. The question is the cause.
The recession that began in 2008 (it really didn't begin in 2007) was due to banking policies, specifically mortgage loan policies (the "sub-prime" market) in which buyers were granted loans with no qualification (no-qual loans); no income verification or employment history, etc. This situation was created by the CRA (discussed in detail adinfinitum, but the left still refuses to acknowledge their folly) under Jimmy Carter, and greatly expanded under Bill Clinton. It has been the Democrats view for many years that homeownership is a "right," and therefore, banks should not be putting up roadblocks (like "We don't think you can afford it, dude"), and they should instead, grant the loans (and pray, I guess). These loans were allowed to be bundled and sold to Fannie Mae, and were then sold to investors as "mortgage backed securities." We all know how this turned out.
Clearly, the Democrats health care law, which creates skyrocketing insurance rates (it was supposed to save $2500 per family, acording to Obama) will impact the economy in a huge way, as families struggle with not only reduced working hours (full time is now defined as 30 hrs/week) and income, but they are on the hook for thousands of dollars in increased premiums and out of pocket costs for their health care.
The coming recession, in this case inevitable (not speculative based on some law of averages), is a given. The sad part is that it has been set up.
The Democrats cannot possibly think that this will help them win elections. Are they really that stupid? If they are, they do not deserve to hold elective office. They are unfit.
Has the last recession ever ended? I can tell you many,many Americans would argue it hasn't.
Cable companies haven't shut down.
Weekend movie premiers are still raking in tens of millions.
Sony and Microsoft are sold out of their new consoles less than 24 hours into their debut.
Black Friday starts today at 6pm.
News article out this evening predicts that Black Friday will not be what it's been and in fact may be in for a quick demise.
There goes that theory...
If you knew didley about economics, then you would appreciate that the signs are all pointing to an accelerating economy right through the end of Obama's term. Rooting against your country because you don't like Obama may make you feel good, but the facts are what they are.
And McCain is the best thing since sliced bread right? Just remember, anything moving in a direction other than backwards is accelerating somewhere. Even if at a speed that makes a snail look like it's moving at indy speed.
With interest rates near 0% and the Fed pumping $80 billion a month into the system the US has no tools to deal with another recession and it would hit us full force.
The Fed has already mentioned this concern in one of their meetings.
I wonder if they'll keep pumping money to prop the U.S. until the end of the Obama term so the next president will take the brunt of the blame then historians will try to make Obama out to be a good president. The one thing is for sure. Obama's economy stinks, it's propped and it will crash hard. Obama hasn't done anything but to disguise the truth with printing.
If you knew didley about economics, then you would appreciate that the signs are all pointing to an accelerating economy right through the end of Obama's term. Rooting against your country because you don't like Obama may make you feel good, but the facts are what they are.
LOL, and here you have it. good economy right through the end of Obamas terms. Obama is the master of the lie and disguise.
I recall that over and over again, Democrats have argued that "food stamps" are worth more than their cost in economic improvement.
What's the cost to the rest of the economy by diverting 200 to 1000 dollars per month more into health care than before? Disregarding the negative effect that forceful redistribution has, just shifting our spending into health care and insurance by hundreds of dollars a family, from other things - the most will come from savings, investment, and discretionary spending - the kind of spending that benefits low-skill people the most.
Yep, since I wasn't able to keep the insurance I liked and my insurance will cost alot more per month.. instead of that money going into the economy it goes to insurance. Multiply this by millions of families and the economy will be a disaster.
Of those who still have a job you better make sure you are the best of the best because if your a slacker you will be the first to go. Welcome to Obama's welfare state.
People seemed to have found enough money to clean all the new xboxes and playstation 4's off the shelves.
I suspect most of them sold last months food stamps at 80 cents on the dollar.
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Just remember, anything moving in a direction other than backwards is accelerating somewhere. Even if at a speed that makes a snail look like it's moving at indy speed.
