Message to Obama

“"*" Always Thinking "*"”

Level 8

Since: Nov 12

Hoosierville

#773 Jul 29, 2014
OK 'i' know it started with Bushwhacker!

PS: Remember I'm a Tea Party'er, not democrat or republican.

PSS: Actually I'm a Ben Carson fan at present

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#774 Jul 29, 2014
The stock market is doing great but that is not the economy. We had 3% negative growth in the last quarter. One more negative quarter and it is a Obama recession ! Just look at the democrat controlled cities to see Chicago's crime rates . Look at Detroit and see what Democrats and unions have done to this great country. Look at the nation debt of over 17 trillion dollars. All past Presidents combined left a debt of 10 trillion dollars when Obama took office.
Barry

Owensboro, KY

#775 Jul 29, 2014
It’s been more than six years since president Barack Obama was sworn into office. As most people remember with the financial crisis at its height, two wars, and the country thrown into financial strife, 2008 and 2009 were two of the most turbulent and volatile years in recent history. Obama ran on a platform of hope and change

By many measures, the economy is not as strong as it was. But by many others, it has been strengthened. Democrats will be the first to tell you that Obama has the country back on its feet, while Republicans will throw around impeachment threats and talk about how the president has destroyed the country.

The economy hasn’t been destroyed, but growth has been sluggish. But it's not unreasonable to expect sluggish growth following such a cataclysmic financial disaster, along with two wars that were never paid for. The two biggest factors that have led to America’s recent economic woes can be traced back to Bush-era tax cuts and the long, costly overseas military engagements.

Jobs numbers are back up to pre-recession levels, the stock market is booming, and corporate profits are through the roof.

Here is a look at the economy, since Obama has taken office, in four charts.

http://wallstcheatsheet.com/business/are-we-b...

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#776 Jul 29, 2014
The soviets built a wall to keep people in Berlin. Obama's latest efforts are to build a wall to keep business from leaving America. Get rid of the highest business tax rate in the world and you will see the economy grow and jobs stay here. We used to be a nation that built things

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#777 Jul 29, 2014
Getting the employment number back to what they were when Obama took office is nothing to brag about. How many people have come of age to enter the job market in the last 6 years? Many of those jobs are part time because of the threat of Obama care. The huge drop in the economy was because of the community reinvestment act under Carter and greatly expanded by Clinton. Banks were forced to make loans for homes to people who did not qualify for those loans. Lay this at the feet of Dodd and Barny Frank

“"*" Always Thinking "*"”

Level 8

Since: Nov 12

Hoosierville

#778 Jul 29, 2014
Barry, didn't I call him a Bushwhacker?
Put our last 3 presidents in a gunny sack, shake them up, and none will fall out! What's that tell you?
Barry

Owensboro, KY

#779 Jul 29, 2014
Hoosier Hillbilly wrote:
Barry, didn't I call him a Bushwhacker?
Put our last 3 presidents in a gunny sack, shake them up, and none will fall out! What's that tell you?
If the Bush tax cuts and the two wars are the main reason for the current economy, no amount of hollering "It's time Obama took responsibility" will change that>

When a prolonged period of good economic growth and activity causes high levels of inflation (from increased consumer wealth) and inefficient supply allocations as producers overproduce and create excess production capacity in an attempt to capitalize on the high levels of wealth. Unfortunately, these inefficiencies and inflation will eventually hinder the economy's growth and cause a recession.

Rising rates of inflation are typically one of the first signs that an economy is overheating. As a result, governments and central banks will usually raise interest rates in an attempt to lower the amount of spending and borrowing.

Between June 2004 and June 2006, the Federal Reserve Board increased the interest rate 17 times as a gradual means of slowing America's overheated economy.

“Ante Omnia Armari”

Since: Nov 07

"You get back what you give"

#780 Jul 29, 2014
Hoosier Hillbilly wrote:
0Oops!
"you get back what you give"
Teasing 'Red'
LOL
...oops?? Did you fart??? Stand back or I'll "febreeze" ya! ;~D

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#781 Jul 29, 2014
Barry wrote:
<quoted text>
If the Bush tax cuts and the two wars are the main reason for the current economy, no amount of hollering "It's time Obama took responsibility" will change that>
When a prolonged period of good economic growth and activity causes high levels of inflation (from increased consumer wealth) and inefficient supply allocations as producers overproduce and create excess production capacity in an attempt to capitalize on the high levels of wealth. Unfortunately, these inefficiencies and inflation will eventually hinder the economy's growth and cause a recession.
Rising rates of inflation are typically one of the first signs that an economy is overheating. As a result, governments and central banks will usually raise interest rates in an attempt to lower the amount of spending and borrowing.
Between June 2004 and June 2006, the Federal Reserve Board increased the interest rate 17 times as a gradual means of slowing America's overheated economy.
Only you could think a tax cut could crash the economy. A tax cut boost the economy. The economy crashed because of bad home loans the government forced lenders to make under the community reinvestment act. Don't you remember the banks being bailed out? By the way the bailout has been repaid with interest! The GM bailout has not been repaid

“Denny Crain”

Level 8

Since: Jan 11

Location hidden

#782 Jul 29, 2014
Getting the economy rolling is easy if we just did a few things. Build the pipeline, reduce corporate tax, open up drilling on federal land, repeal Obama care, Stop unemployment extensions. Reduce government spending by 1%.
Barry

Owensboro, KY

#783 Jul 29, 2014
Denny CranesPlace wrote:
<quoted text> Only you could think a tax cut could crash the economy. A tax cut boost the economy. The economy crashed because of bad home loans the government forced lenders to make under the community reinvestment act. Don't you remember the banks being bailed out? By the way the bailout has been repaid with interest! The GM bailout has not been repaid
A lot of people defaulted on their mortgage because the economy crashed and they lost their job?
Barry

Owensboro, KY

#784 Jul 29, 2014
Denny CranesPlace wrote:
<quoted text> The economy crashed because of bad home loans the government forced lenders to make under the community reinvestment act. Don't you remember the banks being bailed out?
I doubt Democrats passed the easy credit rules all by themselves. Probably a lot of people in favor because there was easy money to be made

“Ante Omnia Armari”

Since: Nov 07

"You get back what you give"

#785 Jul 29, 2014
Denny CranesPlace wrote:
" We used to be a nation that built things"
Spot on.
Barry

Owensboro, KY

#786 Jul 29, 2014
Denny CranesPlace wrote:
<quoted text> Only you could think a tax cut could crash the economy. A tax cut boost the economy.
Maybe in the short term because companies have more money to invest and people have more money to spend. Also runs up the deficit, unless you want to stop ss checks. You also eventually have a recession and a smaller tax base, but then it's impossible to reverse the tax cuts

Level 7

Since: Oct 12

Location hidden

#787 Jul 29, 2014
Denny CranesPlace wrote:
Getting the economy rolling is easy if we Reduce government spending by 1%.
Maybe you could actually show the yearly trends in government spending, and clear this up?

“Ante Omnia Armari”

Since: Nov 07

"You get back what you give"

#788 Jul 29, 2014
Barry wrote:
<quoted text>
A lot of people defaulted on their mortgage because the economy crashed and they lost their job?
Agree, among other reasons. Some folks, and I'm being polite, didn't think/plan ahead when making major purchases. When interest rates were so low, many banks, etc., approved too big of loans to way too many borrowers that should of reconsidered. I am aware of many people who, when purchasing a home, locked into a variable rate loan. Then when the sh!t hit the fan their payments doubled or tripled. Many business too made bad choices on high amounts borrowed, then filed for bankruptcy after going deeper into debt trying to stay afloat.
For a time it seemed to feel like everything just fell into a black hole practically overnight. I think that may have been because so many people tried their damnedest to pay a loosing battle for too long. Living in a State that really took a beating, and still hasn't recovered, many were facing a very bleak outlook. So many other issues can be addressed but I've already passed my typing quota. I expanded on your reply, and thank you for that.

Level 8

Since: Aug 08

Location hidden

#789 Jul 29, 2014
Barry wrote:
<quoted text>
A lot of people defaulted on their mortgage because the economy crashed and they lost their job?
The economy crashed because of the defaults. These exotic loans were created as a way to increase ownership by minorities, as demanded by Democrats. Because many of them couldn't meet the traditional loan requirements (which were intended to limit risk to the banks and ultimately the economy), banks created exotic loans that were higher risk, in terms of default.

Before long, many people who could meet the traditional loan requirements and get fixed 30 year mortgages were also taking out exotic loans because adjustable rates were lower than fixed rates and this allowed them to pay less in interest in the short term, but with the risk that their interest rate could go up by a great deal in the future. People didn't care. Before shyte hit the fan, I could have gotten a lower interest rate adjustable rate, but I said eff that I want the certainty of a fixed rate. Many other people were far less responsible ... then they wanted to blame someone else when their adjustable rate sky rocketed, which is a risk they should have known was there all along.

It was basically greed at an individual level and people taking on too much risk that caused the whole collapse. There was some underhandedness by the banks, but it was really a whole bunch of stupid individuals who made poor decision making that caused the whole crisis. There was also short sightedness in Congress with allowing these more high risk loans in the first place. While encouraging greater home ownership by minorities is a noble cause the only way this could be done was with added risk and danger to the economy, because it necessarily required loosening of the lending standards that had by and large prevented housing collapses since the Great Depression.
roun n roun

Smarr, GA

#790 Jul 29, 2014
Sublime1 wrote:
<quoted text>
The economy crashed because of the defaults. These exotic loans were created as a way to increase ownership by minorities, as demanded by Democrats. Because many of them couldn't meet the traditional loan requirements (which were intended to limit risk to the banks and ultimately the economy), banks created exotic loans that were higher risk, in terms of default.
Before long, many people who could meet the traditional loan requirements and get fixed 30 year mortgages were also taking out exotic loans because adjustable rates were lower than fixed rates and this allowed them to pay less in interest in the short term, but with the risk that their interest rate could go up by a great deal in the future. People didn't care. Before shyte hit the fan, I could have gotten a lower interest rate adjustable rate, but I said eff that I want the certainty of a fixed rate. Many other people were far less responsible ... then they wanted to blame someone else when their adjustable rate sky rocketed, which is a risk they should have known was there all along.
It was basically greed at an individual level and people taking on too much risk that caused the whole collapse. There was some underhandedness by the banks, but it was really a whole bunch of stupid individuals who made poor decision making that caused the whole crisis. There was also short sightedness in Congress with allowing these more high risk loans in the first place. While encouraging greater home ownership by minorities is a noble cause the only way this could be done was with added risk and danger to the economy, because it necessarily required loosening of the lending standards that had by and large prevented housing collapses since the Great Depression.
Created so that minorities could get ownership? Spin it son! It was a money making bonanza and a cause and effect of Bush policy. I'd have more respect for you if you didn't try and lie about every bad thing that happens in this country and how it can be attributed to democrats. Your statement is a bold face lie and you can't produce any document other than from possibly a right wing wacko news outlet that will substantiate it. In other words you're uckingf nuts

Level 8

Since: Aug 08

Location hidden

#791 Jul 29, 2014
roun n roun wrote:
<quoted text>Created so that minorities could get ownership? Spin it son! It was a money making bonanza and a cause and effect of Bush policy. I'd have more respect for you if you didn't try and lie about every bad thing that happens in this country and how it can be attributed to democrats. Your statement is a bold face lie and you can't produce any document other than from possibly a right wing wacko news outlet that will substantiate it. In other words you're uckingf nuts
How about the denver post:

http://www.denverpost.com/business/ci_1063468...

Level 8

Since: Aug 08

Location hidden

#792 Jul 29, 2014
The problems of this country can be traced to the fact that uninformed and uneducated morons like him outnumber the informed and educated voters.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Weird Discussions

Title Updated Last By Comments
What Turns You Off (Jun '11) 6 min razz58 7,023
What song are you listening to right now? (Apr '08) 20 min CJ Rocker 190,926
TRUMP, Donald (Jun '15) 42 min razz58 95
Crystal_Clears Kitchen (Refurbished) 46 min its me daisy 6,135
keep a word drop a word (Sep '12) 56 min Cyan in CA 13,272
Names, A to Z, ... (Aug '12) 1 hr SweLL GirL 2,433
5 Letter Word, Change 1 Letter (Oct '15) 1 hr SweLL GirL 2,584
El's Kitchen (Feb '09) 1 hr Crystal_Clear722 56,094
JUST SAY SOMETHING. Whatever comes to mind!! (Aug '09) 2 hr Sublime1 32,158
Last Post Wins! (Aug '08) 3 hr SweLL GirL 144,845
More from around the web