Politically Incorrect but somewhat realistic GIF

Overdraw your account regularly? That's the micro version of what Obama is doing on a macro scale.

I certainly wouldn't spend a trillion plus on socialist programs that do not create wealth.

I wouldn't keep lending to people that would not yield any return.

I wouldn't nationalize the banks, healthcare, the auto industry.

I wouldn't stick my nose into a local Police situation where a race baiting professor made an inconvenient situation, an out of control media circus.
I used to live in the People's Republic of Cambridge. It is, next to San Francisco, the most politically correct place on the planet. The whole premise of race issue on the part of the officer is obsurd.

Then have a Beer over the nonsense while Israel and Iran are about set to go to war.

I wouldn't support the cancellation of the F-22 Raptor program.

I wouldn't spend money that I don't have.

How would I fix the economy?

Simple, (remove all Democrats and RINO's), tax cuts, reform socialist programs, end illegal immigration and a non choked by Liberals energy policy.


See because all of us economic giants see California, Massachusetts and Michigan as failed economic models of what Obama is trying to emulate nationally.

Do you work for a financial company? Do you know what unsecured credit is?

If you pay off your balance monthly there is no interest. If you are running up your credit card balances, you need to spend less or earn more.

Clinton managed nothing, the market corrected itself, just as it is doing know. $700 billion under Obama, nonsense. The market is up as part of the cycle. Only $70 billion has been spent on socialist programs like ACORN. The rest to be used to sway votes and bribe for the election of 2010.

For the benefit of the uneducated(Ed Fox) In sincerity because english may not be your first language.

The economy started on a downward spiral because of Nancy Pelosi's Congress in 2006 when Conservatives, and I use the term loosely, lost the legislative branch of power.

The problem at this point was two fold.

1. Increased energy costs

2. A ultra speculative realestate market. The speculation primarily caused by horrid debt to loan ratio approved loans backed by Fannie Mae and Freddie Mac, cooking their books, and excessive misunderstanding of derivitives abuse by the House Financial Services Committee. Franklin Raines, Barney Frank and Chris Dodd, all democrats and Liberals share the blame for the debacle. Ironically had they listened to Chuck Hagel, a Republican, perhaps the problem could have been prevented.

That's because the Democrats have spent more money than all their predecessors combined. They have nothing to show for it, as a direct result of their spending, other than the current unemployment rate of 9.7%.

Let's look at those states again that Obama is trying to emulate

California 11.6% Unemployment and bankrupt

Massachusetts 8.6% Unemployment and a failed statewide healthcare insurance system like the one Obama wants for the US.

Michigan, the prize, 15.2% unemployment and failing auto industry primarily due to cafe emissions standards imposed by Democrat agenda.

 

Actually...Michigan has been dying for years. As being a state that is dependant on auto/manufactoring for the majority of it's high end jobs, this end has long been in the works. It doesn't have anything to do with Barack Obama, or George Bush for that matter. Michigan's demise is tragic, yet if you didn't see it coming...wow. Go watch Roger and Me. And before all of the Google-happy want to be economists on here start throwing facts at me and figures and pointing fingers? I can use a search engine too. I know. You want to know what is a hard fact? My father has worked for 40 years at a manufactoring plant, he now gets to travel to China once ever 3 months in order to train someone how to do HIS job so he can be out of work in a year. THAT is the model of Michigan's economy. And it's bull. Everybody points fingers and says naughty naughty to Wal-Mart for buying cheaper goods for cheaper prices and driving mom and pops stores out of business but when it comes to American manufactoring being exported, oh well too bad. Ridiculous.

 

Michigan's demise is due to UAW's asking for more wealth than they produced. The US auto industry became less of a car maker and more of a care maker. But as stated, Liberals don't care about cars that sell, they just want car's that please Al Gore.

The Auto industry also got clobbered by OPEC, futures oil speculation, and the stigma that American cars aren't as good as Japanese mechanically.

High taxes and labor costs drive companies out of the US. This hits manufacturing particularly hard because they are unionized. Union workers have no one to blame except their leadership for their demise. Companies exist to make their owners profit. When profits go down they move to new locations which provide the owners a good return on their investment.




As for my source, it's the Wall Street Journal. read it and you might learn something.

 

So it is just really bad luck for the Republicans that they happen to be in office during poor economic times and the Democrats during good ones? Strictly speaking about the past 20 years.

 

Reread post number 21 and your statment needs clarification of who is in power and at what time. As I remember correctly the economy under President Carter and a Democrat congress was very poor indeed and who did the President blame, The People.

The economic Times under Reagan I recall were quite good.

 

That's strange, I didn't think President Carter was in office within the last 20 years....or Reagan, maybe I'm just bad at math...

 

Oh thanks hamchuck, gives me the opportunity to discuss GLB act under Mr. Clinton and the start of Mr.Dodd and his pal Chucky Schumer removing oversight of the CRA and removing the controls over financial institutions by the Glass-Steagall Act. Or perhaps we can discuss the realestate refi madness of 1993 which contributed to the Clinton economic Bubble. Or perhaps the collapse of the Hi tech market in the mid nineties which sent reverberations around the globe culminating in the Asian Financial crisis of 1997....just guess math was one of my poorer subjects. Under Clinton, US account deficit 80 to about 400 plus billion.

Clinton also signed The Commodity Futures Modernization Act which enhanced derivitive madness and indirectly made George Soros his billions.
Remember oil from 55 to 145 per barrell and $4.50 at the pump. Thank Mr. Soros and Mr. Clinton for that. To be fair their are plenty of RINOs and both presidents named Bush to blame for their lack of fiscal conservatism. Never mind paper...paper, who has the bad mortgage paper. Ooops Bear Stearns looses musical chairs. Ah.... to be a wasp on the wall at Goldman Sachs.

Although tarp was started under a Democratic Congress, Bush shares some blame for the bailout mess and Obama's New Steal.

 

You seem to think I am arguing for the Democrats as you never explained the reasons for the poor economic times during the two Bush Presidencies. I am not arguing either way, I am just asking for a reason.

 

Sure, Let's play a game: We'll start with an easy one

Cheney is to Haliburton as Obama is to....

 

...

so why was the economy poor during Bush Sr. and Jr.?

 

Buzzer sound....wrong

The correct answer is General Electric.

 

Oberst, the sound of that buzzer isn't quite loud enough to cover you evading the question

Of course GE haven't got quite the same treatment as Haliburton got during Operation Iraqi Liberation have they?

 

The Velvet Contrarian strikes again, Actually GE was and is much worse than Haliburton could ever try to be.

 

Still evading the question...