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.
The economy is already on the mend and by 2010 Obama will be as popular as he was last November. Bad news for the conservatives indeed.
You must believe everything coming out of CNN. How can the economy be on the mend when unemployment is still ticking up and the predictions are that it will continue to 13%. How is that a recovery? Alt-A loans in CA are going to explode this next quarter, so how is this a recovery? Just go to sleep in front of your T.V.
You must believe everything coming out of CNN. How can the economy be on the mend when unemployment is still ticking up and the predictions are that it will continue to 13%. How is that a recovery? Alt-A loans in CA are going to explode this next quarter, so how is this a recovery? Just go to sleep in front of your T.V.
Beat me to it. What we are hearing now about "the worst is behind us" is that same garbage that was being said in 1930.
Quote:
Originally Posted by oz in SC
A few quotes from some optimists...
The Great Depression 1929-1932 Headlines:
September 1929
“There is no cause to worry. The high tide of prosperity will continue.”
- Andrew W. Mellon, Secretary of the Treasury.
October 14, 1929
“Secretary Lamont and officials of the Commerce Department today denied rumors that a severe depression in business and industrial activity was impending, which had been based on a mistaken interpretation of a review of industrial and credit conditions issued earlier in the day by the Federal Reserve Board.”
– New York Times
October 29 1929
Stock market crash
December 5, 1929
“The Government’s business is in sound condition.”
– Andrew W. Mellon, Secretary of the Treasury
December 28, 1929
“Maintenance of a general high level of business in the United States during December was reviewed today by Robert P. Lamont, Secretary of Commerce, as an indication that American industry had reached a point where a break in New York stock prices does not necessarily mean a national depression.”
– Associated Press dispatch.
January 13, 1930
“Reports to the Department of Commerce indicate that business is in a satisfactory condition, Secretary Lamont said today.”
– News item.
January 21, 1930
“Definite signs that business and industry have turned the corner from the temporary period of emergency that followed deflation of the speculative market were seen today by President Hoover. The President said the reports to the Cabinet showed the tide of employment had changed in the right direction.”
– News dispatch from Washington.
January 24, 1930
“Trade recovery now complete President told. Business survey conference reports industry has progressed by own power. No Stimulants Needed! Progress in all lines by the early spring forecast.”
– New York Herald Tribune.
March 8, 1930
“President Hoover predicted today that the worst effect of the crash upon unemployment will have been passed during the next sixty days.”
– Washington dispatch.
May 1, 1930
“While the crash only took place six months ago, I am convinced we have now passed the worst and with continued unity of effort we shall rapidly recover. There is one certainty of the future of a people of the resources, intelligence and character of the people of the United States – that is, prosperity.”
– President Hoover
June 29, 1930
“The worst is over without a doubt.”
– James J. Davis, Secretary of Labor.
August 29, 1930
“American labor may now look to the future with confidence.”
– James J. Davis, Secretary of Labor.
September 12, 1930
“We have hit bottom and are on the upswing.”
– James J. Davis, Secretary of Labor.
October 16, 1930
“Looking to the future I see in the further acceleration of science continuous jobs for our workers. Science will cure unemployment.”
– Charles M. Schwab.
October 20, 1930
“President Hoover today designated Robert W. Lamont, Secretary of Commerce, as chairman of the President’s special committee on unemployment.”
– Washington dispatch.
October 21, 1930
“President Hoover has summoned Colonel Arthur Woods to help place 2,500,000 persons back to work this winter.”
– Washington dispatch.
November 1930
“I see no reason why 1931 should not be an extremely good year.”
– Alfred P. Sloan, Jr., General Motors Co.
January 20, 1931
“The country is not in good condition.”
– Calvin Coolidge.
June 9, 1931
“The depression has ended.”
– Dr. Julius Klein, Assistant Secretary of Commerce.
August 12, 1931
“Henry Ford has shut down his Detroit automobile factories almost completely. At least 75,000 men have been thrown out of work.”
– The Nation.
July 21, 1932
“I believe July 8, 1932 was the end of the great bear market.”
– Dow Theorist, Robert Rhea.
Because the WH is playing up the figures of -1% GDP growth (let's just ignore that the previous quarter was revised downward by 1%). We do realize they will be revising this as well?
What good are the initial numbers when they always need to be revised?
Location: Jonquil City (aka Smyrna) Georgia- by Atlanta
16,259 posts, read 24,763,471 times
Reputation: 3587
Quote:
Originally Posted by MotleyCrew
You all seem to find someone or something to put the blame on when people are in disagreement with your policy makers. My neighbors and democratic friends are not "tea party people" but they are fed up, can you possibly understand that? We are tired of big government throwing our tax money away on stupid feel good programs that do little good, even for those the programs are intended. If you are on welfare, recently graduating from a liberal/shove it in your face college then I suppose you will argue in favor for this coming armegedeon. The health care program is not free, we will pay more for it to cover those who can't or won't pay, even illegals. We can barely do this for Americans and we want to add 11 million more people to an impacted system? Do the freaking math, even the government dolts are saying it wont' fly.
None of the bills are "putting illegals on" the roles for UHC. None. And the illegals already get healthcare via the ER where they show up hurt or sick. We need this program and it was the centerpiece of the Democratic campaign and the Democrats won on this issue more than any other except the overall economy.
Anyone who thinks the economy is recovering is either lost or falls for every scam Obama tosses at them.
The economy is continuing a downward trend.
Obama has the records for bankruptcies, foreclosures, unemployment, car repos and it is going to get a lot worse before it ever gets better.
Just think, the biggest mistake in American history was the election of the village idiot and pair him up with the demwits controlled congress has been and will be a total blessing to those of us who knew what they would do.
Tax and spend libs are an economic disaster, people finally are waking up to see what libs do, tax you to death and spend it on waste.
This economy is actually a blessing to those people who are not liberal and cannot stand the way things are being ran by the dems.
Talk about shooting yourself in the foot, dem WH and controlled congress and look what they have done to us.
Keep up the good work dems, you are showing us exactly what you are all about.
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.
