Capitalism/Neo-Conservativism/Neo-Liberalism vs. Socialism or Democratic Socialism

[Dr Grump]

What irks you the most is that I am never dishonest.
Nor am I ever wrong.


As you could find nothing.....not a single thing....that is incorrect in the CliffNotes, you helped prove them accurate.

Now...Who created Fannie and Freddie?..c'mon fess up..

Not only are you dishonest, you are wrong. Look at my last.....Looks like one was created in 1968 (Johnson??) and one in 1970 (Nixon definitely)...

you were saying...

 

[PoliticalChic]

Nothing in there about Raygun deregulating the banks to allowing them to take advantage of Freddie and Fannie...c'mon fess up...


Who created Fannie and Freddie?..c'mon fess up..


So....we can stipulate that everything I posted in the CliffNotes is correct....and you'd be a lying lame-brain to ever.......ever......blame the meltdown on Bush again?

Excellent.

Richard Nixon created Freddie and Fannie...and your boy Dumbya created the crisis. I thought the main blame belonged to Raygun, I was wrong...it was Dumbya. Now, you'd be a lying lame-brain to never.......ever......blame the meltdown on Bush? In fact Clinton tried to stop it. Here, I'll even bold the dates for you...

In 2000, because of a re-assessment of the housing market by HUD, anti-predatory lending rules were put into place that disallowed risky, high-cost loans from being credited toward affordable housing goals. In 2004, these rules were dropped and high-risk loans were again counted toward affordable housing goals.[22]

Fannie Mae - Wikipedia

"Richard Nixon created Freddie and Fannie.."

You lying sack of offal.

"During the Great Depression, as borrowers defaulted on mortgages en masse and banks found themselves strapped for cash, President Franklin D. Roosevelt and Congress created Fannie Mae in 1938 ...."
Breaking News, Analysis, Politics, Blogs, News Photos, Video, Tech Reviews - TIME.com


"Fannie Mae grew so large over the years that in 1968, with the pressures of the Vietnam War straining the national budget, President Lyndon Johnson took Fannie Mae's debt portfolio off the government balance sheet; Fannie Mae was converted into a publicly traded company owned by investors. Two years later, Freddie Mac was launched..."
Ibid.


"In 1970, the secondary mortgage market was expanded when Congress passed the Emergency Home Finance Act, which established Freddie Mac,[26] to help thrifts manage the challenges associated with interest rate risk."
History of the Government Sponsored Enterprises | Federal Housing Financing Agency - OIG
Both the Senate and the House were under Democrat control



"Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown
If anyone wants to find the people responsible for the current financial meltdown, they need to look no farther than the Democrats — Maxine Waters, Barney Frank and their Fannie Mae pal Franklin Raines — to indentify the culprits.
Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown | Human Events

 

[PoliticalChic]

What irks you the most is that I am never dishonest.
Nor am I ever wrong.


As you could find nothing.....not a single thing....that is incorrect in the CliffNotes, you helped prove them accurate.

Now...Who created Fannie and Freddie?..c'mon fess up..

Not only are you dishonest, you are wrong. Look at my last.....Looks like one was created in 1968 (Johnson??) and one in 1970 (Nixon definitely)...

you were saying...

"Democrats Were Wrong on Fannie Mae and Freddie Mac
The White House called for tighter regulation 17 times.


Seventeen. That's how many times, according to this White House statement (hat tip Gateway Pundit), that the Bush administration has called for tighter regulation of the government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac.

Much if not all of that could have been prevented by a bill cosponsored by John McCain and supported by all the Republicans and opposed by all the Democrats in the Senate Banking Committee in 2005. That bill, which the Democrats stopped from passing, would have prohibited the GSEs from speculating on the mortgage-based securities they packaged. The GSEs' mission allegedly justifying their quasi-governmental status was to package or securitize such mortgages, but the lion's share of their profits—which determined top executives' bonuses—came from speculation."
http://www.usnews.com/opinion/blogs...rats-were-wrong-on-fannie-mae-and-freddie-mac

 

[Dr Grump]

"Richard Nixon created Freddie and Fannie.."

You lying sack of offal.

"During the Great Depression, as borrowers defaulted on mortgages en masse and banks found themselves strapped for cash, President Franklin D. Roosevelt and Congress created Fannie Mae in 1938 ...."
Breaking News, Analysis, Politics, Blogs, News Photos, Video, Tech Reviews - TIME.com


"Fannie Mae grew so large over the years that in 1968, with the pressures of the Vietnam War straining the national budget, President Lyndon Johnson took Fannie Mae's debt portfolio off the government balance sheet; Fannie Mae was converted into a publicly traded company owned by investors. Two years later, Freddie Mac was launched..."
Ibid.

Both the Senate and the House were under Democrat control



"Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown
If anyone wants to find the people responsible for the current financial meltdown, they need to look no farther than the Democrats — Maxine Waters, Barney Frank and their Fannie Mae pal Franklin Raines — to indentify the culprits.
Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown | Human Events

So? You saying Bush didn't have the cajoles to stop it? Also McCain supported Rangels attempt to up the ante. That aside, it went into over drive under Bush. Sorry PC, you're full of shit. Everything bad that happened under Bush's watch is the fault of the Dems. Anything good under Obama's watch was the result of Repugs.

My bad about Freddie. 1968 was when it became a publicly traded company.

 

[PoliticalChic]

"Richard Nixon created Freddie and Fannie.."

You lying sack of offal.

"During the Great Depression, as borrowers defaulted on mortgages en masse and banks found themselves strapped for cash, President Franklin D. Roosevelt and Congress created Fannie Mae in 1938 ...."
Breaking News, Analysis, Politics, Blogs, News Photos, Video, Tech Reviews - TIME.com


"Fannie Mae grew so large over the years that in 1968, with the pressures of the Vietnam War straining the national budget, President Lyndon Johnson took Fannie Mae's debt portfolio off the government balance sheet; Fannie Mae was converted into a publicly traded company owned by investors. Two years later, Freddie Mac was launched..."
Ibid.

Both the Senate and the House were under Democrat control



"Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown
If anyone wants to find the people responsible for the current financial meltdown, they need to look no farther than the Democrats — Maxine Waters, Barney Frank and their Fannie Mae pal Franklin Raines — to indentify the culprits.
Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown | Human Events

So? You saying Bush didn't have the cajoles to stop it? Also McCain supported Rangels attempt to up the ante. That aside, it went into over drive under Bush. Sorry PC, you're full of shit. Everything bad that happened under Bush's watch is the fault of the Dems. Anything good under Obama's watch was the result of Repugs.

My bad about Freddie. 1968 was when it became a publicly traded company.

"So? You saying Bush didn't have the cajoles to stop it..."

If you didn't understand how politics works, why didn't you say so.


Let's review:

After disrespecting the Constitution that he has sworn to uphold and protect, FDR invaded the private housing market.


The ultimate result was the mortgage meltdown.

As I said....Democrats and Democrat policy caused it.

 

[Dr Grump]

"So? You saying Bush didn't have the cajoles to stop it..."

If you didn't understand how politics works, why didn't you say so.


Let's review:

After disrespecting the Constitution that he has sworn to uphold and protect, FDR invaded the private housing market.


The ultimate result was the mortgage meltdown.

As I said....Democrats and Democrat policy caused it.

I understand how it works in PC land.

Dem = Bad
GOP = Good

Not how it is in the real world. Bush had plenty of times to stop it. He didn't. End of story.
And you can't blame something that happened in 1938 on FDR. B

 

[jillian]

"Richard Nixon created Freddie and Fannie.."

You lying sack of offal.

"During the Great Depression, as borrowers defaulted on mortgages en masse and banks found themselves strapped for cash, President Franklin D. Roosevelt and Congress created Fannie Mae in 1938 ...."
Breaking News, Analysis, Politics, Blogs, News Photos, Video, Tech Reviews - TIME.com


"Fannie Mae grew so large over the years that in 1968, with the pressures of the Vietnam War straining the national budget, President Lyndon Johnson took Fannie Mae's debt portfolio off the government balance sheet; Fannie Mae was converted into a publicly traded company owned by investors. Two years later, Freddie Mac was launched..."
Ibid.

Both the Senate and the House were under Democrat control



"Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown
If anyone wants to find the people responsible for the current financial meltdown, they need to look no farther than the Democrats — Maxine Waters, Barney Frank and their Fannie Mae pal Franklin Raines — to indentify the culprits.
Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown | Human Events

So? You saying Bush didn't have the cajoles to stop it? Also McCain supported Rangels attempt to up the ante. That aside, it went into over drive under Bush. Sorry PC, you're full of shit. Everything bad that happened under Bush's watch is the fault of the Dems. Anything good under Obama's watch was the result of Repugs.

My bad about Freddie. 1968 was when it became a publicly traded company.

that's because she has zero understanding of reality and only rants and raves about FDR and other decent presidents. not a word to say about the worst president so far in my lifetime...dubya.

but that's nothing surprising from the cut and paste queen.

 

[Dr Grump]

that's because she has zero understanding of reality and only rants and raves about FDR and other decent presidents. not a word to say about the worst president so far in my lifetime...dubya.

but that's nothing surprising from the cut and paste queen.

That might change - Dumby being the worst president in your lifetime...

 

[Pumpkin Row]

For holding back the economy 8 years? No, we really don't, he's closing the gap between our nation and the next best. Even Egypt was laughing at his policies.

Egypt laughing at his policies (if that really happened) is like Adolf Hitler being upset at Denmark's human rights record.

He inherited a clusterfuck of an economy thanks to the incompetent Bush. You are now, more or less, on an even keel. As I said, kiss his feet next time you see him.

He inherited a bad economy, which he prevented from recovering. Good grief, you're such a confused "Human being".

 

[Pumpkin Row]

You know, people keep harping on that, but the fact is that the American economy is better than all of the above, and until the recent recession, prolonged by Obama's policies, America had a massive lead. The gap was closed slightly, but America is still the best. The Nordic Nations have worse economies, and are actually moving back towards Capitalism.

It's bigger than all of the above. Not better. Please post links from reputable sites. Take your time.

Sweden and Norway piss all over your economy... Iceland not so much while Denmark has some work to do List of countries by external debt - Wikipedia

So, to you, economy=debt only.

I'd ask if having your head up your rectum keeps it comfortable, but I don't want to know.

The fact is that not only are the rich in the United States richer than those in the Nordic Nations, but so are the middle and poor classes. They actually began destroying their economies in an effort to subvert this, but they actually made the problem worse, and began raising taxes and accumulating more debt in an effort to make a failed ideology work.

Sweden vs United States: Economy Facts and Stats Norway vs United States: Economy Facts and Stats
Besides that, the US also has a better economy than Sweden and Norway. You just don't know what actually makes a good economy.

 

[Dr Grump]

He inherited a bad economy, which he prevented from recovering. Good grief, you're such a confused "Human being".

Employment's up, unemployment's down, the stock exchange is rocking along nicely. What am I confused about?

 

[Dr Grump]

So, to you, economy=debt only.

I'd ask if having your head up your rectum keeps it comfortable, but I don't want to know.

The fact is that not only are the rich in the United States richer than those in the Nordic Nations, but so are the middle and poor classes. They actually began destroying their economies in an effort to subvert this, but they actually made the problem worse, and began raising taxes and accumulating more debt in an effort to make a failed ideology work.

Sweden vs United States: Economy Facts and Stats Norway vs United States: Economy Facts and Stats
Besides that, the US also has a better economy than Sweden and Norway. You just don't know what actually makes a good economy.

You link to a blog site by a Neville Nobody with an opinion who calls Bernie Sanders a Commissar. Great credibility.

Norway's current GPD debt ratio is 0.02 percent. Currently if all the international banks called in their debts, every Norwegian citizen would owe them $12. In the US, every citizen would owe $60,000+...

I do know what makes a good economy. Debt is bad. Just ask Germany about reparations after WWI. How did that turn out for everybody?

What I do know is that you don't have a fucking clue. Hint: linking to some loon's site is not evidence, it's just linking to a loon's site.

Oh, and somebody answered Mitchell's post with a link in the comments section.
The Nordic Poor Are Much Better Off Than the US Poor

 

[Wyatt earp]

Do you think Democratic Socialism will always fail and Capitalism is always better or you think there is a inbetween position. I think positive of democratic socialism is welfare for the broad masses. There really arent any homeless in Austria like in America, there arent people who need to beg for donations to get a life important surgery etc. But the negative thing is the mass immigration which is huge cost, but I think in a small homogenous country it can work, where also the citizens are law abiding and disciplined and hard working but if there are many who have mentality they dont want to work but to leech it can get difficult. Also I think capitalism is based on one owns gaining of profit and aggravation of capital, but you cant eat capital, and there needs to be a limit, there needs to be other values driving our societies except ones own profit. so there needs to be some regulations in my opinion. Otherwise I support right to private property etc. and right to start and run a business etc . but with some regulations. Im not communist, Im democratic socialist.

There really arent any homeless in Austria like in America,

What? You really have to research this more.. The working poor in Australia and New Zealand is huge.. There high minimum wage don't do a damn thing.. It's trickle up poor

 

[owebo]

that's because she has zero understanding of reality and only rants and raves about FDR and other decent presidents. not a word to say about the worst president so far in my lifetime...dubya.

but that's nothing surprising from the cut and paste queen.

That might change - Dumby being the worst president in your lifetime...

Trump is already better than your Obama....

 

[owebo]

He inherited a bad economy, which he prevented from recovering. Good grief, you're such a confused "Human being".

Employment's up, unemployment's down, the stock exchange is rocking along nicely. What am I confused about?

The 95,000,000 people who disagree with you......

 

[EverCurious]

bear513 You seem to have added a few letters in post #133 - Austria - Wikipedia not Australia heh

 

[PoliticalChic]

"Richard Nixon created Freddie and Fannie.."

You lying sack of offal.

"During the Great Depression, as borrowers defaulted on mortgages en masse and banks found themselves strapped for cash, President Franklin D. Roosevelt and Congress created Fannie Mae in 1938 ...."
Breaking News, Analysis, Politics, Blogs, News Photos, Video, Tech Reviews - TIME.com


"Fannie Mae grew so large over the years that in 1968, with the pressures of the Vietnam War straining the national budget, President Lyndon Johnson took Fannie Mae's debt portfolio off the government balance sheet; Fannie Mae was converted into a publicly traded company owned by investors. Two years later, Freddie Mac was launched..."
Ibid.

Both the Senate and the House were under Democrat control



"Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown
If anyone wants to find the people responsible for the current financial meltdown, they need to look no farther than the Democrats — Maxine Waters, Barney Frank and their Fannie Mae pal Franklin Raines — to indentify the culprits.
Democratic Coverup for Fannie and Freddie Led to 2008 Meltdown | Human Events

So? You saying Bush didn't have the cajoles to stop it? Also McCain supported Rangels attempt to up the ante. That aside, it went into over drive under Bush. Sorry PC, you're full of shit. Everything bad that happened under Bush's watch is the fault of the Dems. Anything good under Obama's watch was the result of Repugs.

My bad about Freddie. 1968 was when it became a publicly traded company.

that's because she has zero understanding of reality and only rants and raves about FDR and other decent presidents. not a word to say about the worst president so far in my lifetime...dubya.

but that's nothing surprising from the cut and paste queen.

1. Perhaps you'd care to explain why you can't find a single error in any of my posts.

2.Perhaps you can explain why your posts are never more than the hot air variety....as this one is.

3. A perusal of both domestic policy and foreign policy will...even at a glance...assign "Worst President Ever" awards to Barack Hussein Obama.

I know you won't challenge me on that.

 

[PoliticalChic]

He inherited a bad economy, which he prevented from recovering. Good grief, you're such a confused "Human being".

Employment's up, unemployment's down, the stock exchange is rocking along nicely. What am I confused about?

This:

Perhaps you should pick up a newspaper once in a while....


1. "...take-home pay for many American workers has effectively fallen since the economic recovery began in 2009, according to a new study by an advocacy group that is to be released on Thursday.
The declines were greatest for the lowest-paid workers in sectors where hiring has been strong — home health care, food preparation and retailing — even though wages were already below average to begin with in those service industries.
“Stagnant wages are a problem for everyone at this point, but the imbalance in the economy has become more pronounced since the recession,”..."http://www.nytimes.com/2015/09/03/b...rkers-see-biggest-drop-in-paychecks.html?_r=0


2. "....US hourly wages have not only not increased for the past 7 years, but for thevast majority of the labor force continue to decline,.... just the month of August will be enough to provide the Trump - and every other - campaign with enough soundbites and pivot points to last it for weeks on end: namely, that in August a whopping 698,000 native-born Americans lost their job. This drop was offset by 204,000 foreign-born Americans, who got a job in the month of August. .... since December 2007, according to the Household Survey, only 790,000 native born American jobs have been added. Contrast that with the 2.1 million foreign-born Americans who have found a job over the same time period..." 698K Native-Born Americans Lost Their Job In August: Why This Suddenly Is The Most Important Jobs Chart | Zero Hedge


3. October 2015: "Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower" Payrolls Disaster: Only 142K Jobs Added In September With Zero Wage Growth; August Revised Much Lower | Zero Hedge




4. "Obamacare health insurance co-ops surged past the $1 billion mark in losses this week, making history of sorts.The insolvencies, totaling $1.36 billion, mean that the co-ops have burned through more than half of the original $2 billion appropriated in 2010 for the program under the Affordable Care Act. The funds were loaned to the start-up co-ops in 2012 and were to be repaid in 15 years, according to the Centers for Medicare and Medicaid Services, which manages Obamacare.
...13 of the 23 federally-financed Obamacare co-ops have officially failed in only two years. Most are in the process of default as insurance regulators attempt to pay customer’s medical bills, cover medical providers and pay other creditors.
Obamacare Co-Op Mess Causes $1.3 Billion In Losses


5. "Obama Administration Announces 144 Big Regulations Right Before Thanksgiving
This is a new record, beating the previous high of 136 set by President Obama this spring."
Obama Administration Announces 144 Big Regulations Right Before Thanksgiving


6. "...ObamaCare experiment costing taxpayers $2.4 billionis failing. The co-ops were founded on the idealistic belief that community members could band together to create health insurance companies that would be member-driven, service-oriented, and would not have to answer to shareholders or turn a profit."
400,000 Citizens To Lose Health Insurance (Again) Because Of Obamacare Co-Op Failures



7. "The U.S. expanded at a 2.2% rate through the first nine months of the year, and the economy is projected to grow at a similar pace in the fourth quarter that ends on Dec. 31. If so, the economy will have failed to reach 3% growth for the 10th straight year, marking the slowest stretch since the end of World War II.
Historically the economy has expanded at a 3.3% rate." U.S. economy set to grow less than 3% for the 10th straight year


8. "Congress has now cleared the way for federal debt to pass $20 trillion by the end of the president’s second term. President Obama said the new budget deal will be paid for in a “balanced” and “responsible” way, but on the day the deal was signed, the federal debt jumped $339 billion—a third of a trillion dollars in one day."Societywatch


9. The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2015 is 0.8 percent on January 8, down from 1.0 percent on January 6. The forecast for the contribution of inventory investment to fourth-quarter real GDP growth declined 0.2 percentage points to -0.8 percentage points after this morning's wholesale trade report from the U.S. Census Bureau.GDPNow


10. "Retail Sales in U.S. Decrease to End Weakest Year Since 2009 Sales at U.S. retailers declined in December to wrap the weakest year since 2009, raising concern about the momentum in consumer spending heading into 2016. The 0.1 percent drop matched the median forecast of 84 economists surveyed by Bloomberg and followed a 0.4 percent gain in November, Commerce Department figures showed Friday in Washington. For all of 2015, purchases climbed 2.1 percent, the smallest advance of the current economic expansion." Retail Sales in U.S. Decrease to End Weakest Year Since 2009


11. " The federal government heavily subsidizes higher education through a complex system of grants and loans. While the programs are great for colleges — they have enabled an astronomical increase in tuition — they contain few measures holding the institutions accountable to their students. As a result, only 59 percent of students graduate from four-year colleges and universities within six years. Those lucky enough to graduate face another hurdle: 44 percent of recent college graduates occupy jobs which do not require a college degree. Taken together, these numbers suggest that only one-third of college enrollees emerge from the system with both a degree and a relevant job." http://fee.org/anythingpeaceful/what-free-college-cant-fix/?mkt_tok=3RkMMJWWfF9wsRokuq/JZKXonjHpfsX57OkvWaW+lMI/0ER3fOvrPUfGjI4ARcNkI+SLDwEYGJlv6SgFQ7HBMbhr1rgPWhk=
12. Obama is the first President never to have had a year of 3% or better economic growth: "... annual growth during Obama’s “recovery” has never topped 3%. By comparison, it never fell below 3% during the Reagan recovery. And in the nine years following the 1990-91 recession, GDP grew faster than 3% in all but two. Heck, even Jimmy Carter had some strong growth years." President Obama's Growth Gap Hits $1.31 Trillion
a. "The years since 2007 have been a macroeconomic disaster for the United States of a magnitude unprecedented since the Great Depression." Obama: Always Wrong, Never In Doubt
b. ".... first president since Hoover to never have a single year above 3% GDP growth." Obama economy is 'amazing,' says hedge fund billionaire


13. According to the 2016 Index of Economic Freedom, an annual publication by The Heritage Foundation, America’s economic freedom has tumbled. With losses of economic freedom in eight of the past nine years, the U.S. has tied its worst score ever, wiping out a decade of progress. Since early 2009:
• Government spending has exploded, amounting to $29,867 per household in 2015.
• The national debt has risen to $125,000 for every tax filing household in America—a total over $18 trillion.
• The government takeover of health care is raising prices and disrupting markets.
• Bailouts and new government regulations have increased uncertainty, stifling investment and job creation. America’s Economic Freedom Has Rapidly Declined Under Obama
14 "Despite the unemployment rate being at an eight-year low (4.9 percent as of January 2016), the number of people on food stamps remains near an all-time high which was 47,636,000 in 2013.
Why the disparity in the numbers? Well, the unemployment rate does not take into account people who are not in, or have dropped out of, the workforce altogether.
The Bureau of Labor Statistics reported in January of this year that approximately 94 million Americans are not participating in the workforce.
We now have a country based on government dependence." Food Stamp Users Near Record High Despite Low Unemployment Rate
15. "CHICAGO (Reuters) - Predominantly African-American neighborhoods in Chicago have seen poverty rise and services diminish even as the nation's third largest city has become less racially segregated,.... black areas are seeing economic stagnation or decline,.... mostly black areas have lost health clinics, social service agencies and other areas of support..." Exclusive: Poverty up, services diminished in Chicago's black neighborhoods - study

16. "Employers added more workers in February than projected but wages unexpectedly declined, dashing hopes that reduced slack in the labor market was starting to benefit all Americans..... Average hourly earnings dropped by 0.1 percent from the prior month, the first decline since December 2014 the Labor Department’s figures showed. Worker pay increased 2.2 percent over the 12 months ended in February, less than the 2.5 percent forecast in the Bloomberg survey. Wage growth has been hovering just above 2 percent year-over-year on average since the current expansion began in mid-2009." Payrolls in U.S. Surge While Wages Drop in Mixed Jobs Report
17. New Obama regulation will deprive middle class investors of access to financial information. "...the controversial pending Department of Labor regulation that would impose new restrictions on a vast swath of financial professionals... a newreport for the Competitive Enterprise Institute, similar restrictions in Great Britain have caused a “guidance gap” in which brokers have largely stopped serving customers with assets less than £150,000 ($240,000).... Such limits on financial discussion may seem to violate the First Amendment..." How Fiduciary Rule May Censor Financial Broadcasters Like Dave Ramsey
“this Obama rule will kill the Middle Class and below ability to access personal advice.”
18. "U.S. retail sales dropped in February and the prior month’s gain was revised to a decline, calling into question the narrative that bigger gains in consumer spending would propel economic growth at the start of 2016. The 0.1 percent decline in purchases followed a revised 0.4 percent January decrease, Commerce Department figures showed Tuesday.... “We’re seeing higher rents, higher healthcare expenses,.... Retail sales excluding autos fell 0.1 percent after a 0.4 percent decrease in January, according to Tuesday’s report." Retail Sales in U.S. Decline After January Revised Down
19. "That basic math is why middle class incomes have been in decline under Obama. The Census Bureau reports that since Obama became President 7 years ago, real median household income has fallen by $1,300 a year. Heritage Foundation Chief Economist Steve Moore explained in testimony before the Ways and Means Committee, “At 2 percent growth the economy doesn’t spin off enough jobs to increase wages, and tax revenues grow much too slowly to balance the budget.”
The recession officially ended more than 6 years ago. Wages and incomes have always grown in recoveries, not declined. Moreover, the American historical record is the deeper the recession, the stronger the recovery. The economy is supposed to boom in a recovery to catch up with its long term economic growth trendline. But over 6 years after the recession ended, that still has not happened. Instead, what we have gotten under President Obama is the worst recovery from a recession since the Great Depression." Realizing The Super Bowl Of American Economic Growth
20. "8 More Obamacare Co-ops Will Probably Shut Down

12 of the 23 taxpayer funded non-profit co-ops created under the Affordable Care Act were shuttered, and the largest of them is under investigation.
Records obtained by Richard Pollack of the Daily Caller indicate another 8 co-ops might be on their way out this year:
'...there’s not a turnaround in sight. The same problems that plagued them before are continuing,”
8 More Obamacare Co-ops Will Probably Shut Down
21. the United States had lost its once-enormous global lead in middle-class pay, based on international income surveys over the last three decades. After-tax median income in Canada appears to have been higher last year than the same measure in this country. The poor in Canada and much of western Europe earn more than the poor here. http://www.nytimes.com/2014/04/29/u...dgety-boys-and-a-sputtering-economy.html?_r=0
22. Middle aged people laid off and unable to find work are taking another way out. They're killing themselves. Suicide rates are soaring, according to federal data released last week. Especially in economically depressed states and job-starved upstate New York. People in need of work are twice as likely to take their own lives as employed people, and people fired in their forties and fifties find it hardest to get hired again.
That makes boosting economic growth a life- and- death issue. But you wouldn't know it listening to Barack Obama and Hillary Clinton. President Obama whitewashes reality, claiming the "American economy is pretty darn good right now."
Soaring Suicides Emerge As a National Crisis Laid to Economic Stall - The New York Sun

23. "U.S. Economy Expands to 0.5% Pace, Weakest in Two Years
The U.S. economy expanded in the first quarter at the slowest pace in two years ....Gross domestic product rose at a 0.5 percent annualized rate after a 1.4 percent fourth-quarter advance, Commerce Department data showed Thursday. The increase was less than the 0.7 percent median projection in a Bloomberg survey and marked the third straight disappointing start to a year." U.S. Economy Expands to 0.5% Pace, Weakest in Two Years
24. "Nearly one in six young men (between the ages of 18-34) in the U.S. were either jobless or incarcerated in 2014, according to a new government report. It details a striking amount of male alienation that has been on the rise since the 1980s.
According to the Congressional Budget Office (CBO), out of the 38 million young men in the U.S. in 2014, 16 percent were jobless (5 million or 13 percent) or incarcerated (1 million or 3 percent). The share of young men without a job or in prison has increased substantially since 1980, when just 11 percent of young men fit into either category." CBO: Nearly 1 in 6 Young Men in U.S. Jobless or Incarcerated - Breitbart
25. "Stocks fall as inflation hits 3-year high
...consumers prices at the consumer level for items ranging from toilet tissue to gasoline rose 0.4% last month, slightly above the 0.3% estimate but its strongest monthly gain in more than three years." Stocks fall as inflation hits 3-year high

26. "WASHINGTON (Reuters) - The U.S. economy created the fewest number of jobs in more than five years in May as employment in the manufacturing and construction sectors fell sharply, suggesting a deterioration in the labor market ...Nonfarm payrolls increased by only 38,000 jobs last month, the smallest gain since September 2010, the Labor Department said on Friday. Underscoring the report's weakness, employers hired 59,000 fewer workers in March and April than previously reported. While the unemployment rate fell three-tenths of a percentage point to 4.7 percent in May, the lowest since November 2007, that was in part due to people dropping out of the labor force." https://ca.news.yahoo.com/u-job-gains-may-likely-dented-verizon-strike-043534655--business.html

27. "Then came the jobs numbers. Employers added 38,000 jobs in May, the weakest performance since September 2010. Revisions to previous payroll data showed employers added a combined 59,000 fewer jobs in April and March than previously reported. That brought average monthly job growth in the past three months to 116,000, a sharp slowdown from the average growth of 219,000 over the prior 12 months.

One economist dubbed it “an unqualified dud.”

by Erik Holm"
Recap: Janet Yellen on Economy, Monetary Policy
28. White House Cuts Economic Growth Forecasts
Budget office sees 1.9% growth in 2016, 2.5% in 2017 http://www.wsj.com/articles/white-house-cuts-economic-growth-forecasts-1468601249
29. "20 million college grads living with their parents, courtesy of Obama ...reflects how dismal the economy still is today. Today we have college grads — along with working moms and 60-somethings — flipping burgers at Wendy’s and stocking the aisles at Walmart. Left-wing groups and union leaders are now demanding “a living wage” for jobs that were never intended to be held by heads of households. Who’s against higher wages for American workers? But wasn’t this what Obamanomics was supposed to deliver?
Seven years ago, Barack Obama promised a progressive workers paradise — a recovery from recession that would leave no one behind. Hope and Change would deliver high employment and rising wages. No one bought into this idyllic vision more than college kids.
President Obama and his supporters proclaim that he has saved America from the second Great Depression — a message we will hear again over and over in the months ahead. But even his own voters don’t believe him anymore ..." http://newbostonpost.com/2015/09/19...-living-with-their-parents-courtesy-of-obama/

30. "94,609,000 Not in Labor Force; Participation Rate Drops to 62.8% (CNSNews.com) - In its final report before next week's presidential election, the Bureau of Labor Statistics said on Friday that 94,609,000 Americans are not in the labor force, 425,000 more than last month's 94,184,000, and the second highest number on record." http://cnsnews.com/news/article/susan-jones/americans-not-labor-force-participation-rate-risesdrops


Obama....clearly the very worst steward of the economy in American history.


"OBAMA: Anyone claiming that America's economy is in decline is peddling fiction.” http://www.realclearpolitics.com/vi...conomy_is_in_decline_is_peddling_fiction.html

OMG!!!!

You probably imagine that ObamaCare is still a great idea, too.....


Just one more failure by this tin-pot dictator, the titular head of the LGBT movement, to impose policies that will injure the American people.

....let's remember those who put this man in office.


Let's stipulate this:

Barack Hussein Obama, the selectee of the Liberals/Democrats has been

a. the worst steward of the American economy in neigh on 100 years

and

b. has left the world in the worst turmoil, and closer to nuclear chaos than any President in memory.


True?

 

[Pumpkin Row]

You link to a blog site by a Neville Nobody with an opinion who calls Bernie Sanders a Commissar. Great credibility.

You'll have to excuse him for using an accurate description. I know Socialists prefer inaccuracy.

Norway's current GPD debt ratio is 0.02 percent. Currently if all the international banks called in their debts, every Norwegian citizen would owe them $12. In the US, every citizen would owe $60,000+...

I do know what makes a good economy. Debt is bad. Just ask Germany about reparations after WWI. How did that turn out for everybody?

What I do know is that you don't have a fucking clue. Hint: linking to some loon's site is not evidence, it's just linking to a loon's site.

Oh, and somebody answered Mitchell's post with a link in the comments section.

Oh look, their taxes are also significantly higher than America's highest tax rate. You go, Norway.

Of course debt is bad, America also has stupidly high debt. On the other hand, that's not what decides a good economy.

I also linked sites that compare the economies of both nations. You apparently didn't bother reading it. Good grief, Socialists are Fopdoodles.

America has lower income tax rates, better off high, middle, and low classes, more businesses, faster business growth(We're complaining about 3%? They have .3%), a more active market, more exports, a much larger labor force, more household spending, and significantly higher personal income rates. This is all during a recession, prolonged by Obama.

The Nordic Poor Are Much Better Off Than the US Poor

"His measurement system is unreliable, so I'll use a worse one!"

If you like Socialism so much, move to Russia or Venezuela. We don't need your cancer further destroying our system.

 

[Dr Grump]

You'll have to excuse him for using an accurate description. I know Socialists prefer inaccuracy.

Oh look, their taxes are also significantly higher than America's highest tax rate. You go, Norway.

Of course debt is bad, America also has stupidly high debt. On the other hand, that's not what decides a good economy.

I also linked sites that compare the economies of both nations. You apparently didn't bother reading it. Good grief, Socialists are Fopdoodles.

America has lower income tax rates, better off high, middle, and low classes, more businesses, faster business growth(We're complaining about 3%? They have .3%), a more active market, more exports, a much larger labor force, more household spending, and significantly higher personal income rates. This is all during a recession, prolonged by Obama.

"His measurement system is unreliable, so I'll use a worse one!"

If you like Socialism so much, move to Russia or Venezuela. We don't need your cancer further destroying our system.

It's not worse. Um, Russia is now a market economy and we're not discussing Russia or Venezuela but your erroneous conclusions about the Nordic economies. As mentioned in my link if you bothered too read is that their taxes cover health and education. Yours doesn't. So while you may not pay the same taxes you have to pay for those things out of your own pocket, which in the long run costs YOU more.

I'm not American dipshit. I live in Australia but am from NZ. My wife got a job in Aussie in2007. We had a choice that year - move to the US (where she also got a job) or go to Australia. We did the maths. The cost of living in the US was way more. Health insurance alone was a reason not to go.