Obama has destroyed US economy

[Mac1958]

Yep the mega banks

Yes, I think the repeal of Glass-Steagall has played a role in this.

Clinton signed that one.

.

 

[KnobbyWalsh]

The people have destroyed the economy. We are the ones who elected Obama. We are the ones who have become so corrupt that the free market will work against us.

As long as we are a good and virtuous people, our economy will grow strongly. As long as we don't, the free market will be constantly remind us of the consequences of our corrupt actions.

Outstanding reply - it's time "we the people" shoulder some of the blame. We vote for these people and have for decades. The OP is a bitter partisan fool who thinks in simplistic terms to try and further a dying, arcane political agenda that doesn't even exist.

 

[editec]

Same old childish Obama derangement syndrome posting as usual.

Pathetic really

 

[KnobbyWalsh]

Same old childish Obama derangement syndrome posting as usual.

Pathetic really

Simple minds need simple answers. If only it were really that easy. It takes many people to mess up an economy and many to fix it.

 

[zeke]

Yep the mega banks

Yes, I think the repeal of Glass-Steagall has played a role in this.

Clinton signed that one.

.

Clinton signed it and it was a big mistake. Even bigger mistake for Obama to not re instate the law. But as this info below shows, repeal of that law was a long time in the making.
And was pushed by rethugs. Not Dems. And Clinton siged it whem he was trying to win rethug friends because of his blow job.



After 12 attempts in 25 years, Congress finally repeals Glass-Steagall, rewarding financial companies for more than 20 years and $300 million worth of lobbying efforts. Supporters hail the change as the long-overdue demise of a Depression-era relic.
It is quite a tortured history. Corporations can exist forever, and their lobbyists and paid advocates can slowly whittle away laws they don’t like. It is nothing short of amazing to see how effective they can be when confronted with laws they don’t like.

This points out why the regular generational crises that come along should provide the opportunity to re-establish regulations, and reduce their influence in times of panic.

Greenspan, Rubin, Reagan and Clinton all contributed to its demise. But the missed opportunity here was President Obama’s — – it may be his greatest failure. It may come to eventually define his presidency and could be the reason it may be a single term.

 

[Mac1958]

Yep the mega banks

Yes, I think the repeal of Glass-Steagall has played a role in this.

Clinton signed that one.

.

Clinton signed it and it was a big mistake. Even bigger mistake for Obama to not re instate the law. But as this info below shows, repeal of that law was a long time in the making.
And was pushed by rethugs. Not Dems. And Clinton siged it whem he was trying to win rethug friends because of his blow job.



After 12 attempts in 25 years, Congress finally repeals Glass-Steagall, rewarding financial companies for more than 20 years and $300 million worth of lobbying efforts. Supporters hail the change as the long-overdue demise of a Depression-era relic.
It is quite a tortured history. Corporations can exist forever, and their lobbyists and paid advocates can slowly whittle away laws they don’t like. It is nothing short of amazing to see how effective they can be when confronted with laws they don’t like.

This points out why the regular generational crises that come along should provide the opportunity to re-establish regulations, and reduce their influence in times of panic.

Greenspan, Rubin, Reagan and Clinton all contributed to its demise. But the missed opportunity here was President Obama’s — – it may be his greatest failure. It may come to eventually define his presidency and could be the reason it may be a single term.

I'd love have a behind-the-scenes peek at how we're not returning to G-S. It's pretty fucking obvious we can't continue like this, so the lobbying dollars must be flowing pretty freely.

.

 

[JoeB131]

The people have destroyed the economy. We are the ones who elected Obama. We are the ones who have become so corrupt that the free market will work against us.

As long as we are a good and virtuous people, our economy will grow strongly. As long as we don't, the free market will be constantly remind us of the consequences of our corrupt actions.

The Free Market was ever working "For" us?

Seems like it only works for the 20% who own 85% of the wealth... leaving the rest of us to fight over the crumbs that are left.

Obama got elected because the wealthy hollowed out the middle class.

 

[LeftofLeft]

Clinton did great things for the US economy and Bush destroyed it all, waging expensive and unnecessary wars. Obama is just trying to fix his mess, something difficult to accomplish when the world is experiencing a downturn.

Factually speaking, Bush inherited a recession just like Obama did. At the height of his Presidency, Bush pulled US out of the recession he inherited as well as delivered the largest net revenue (taxes) gain ever for the US Treasury. Bush's economy did not start to tank until 2007 when Pelosi, Reid, Clinton and Obama took over The Hill and we've never looked up since as policies of redistribution, increased regulation, and hidden taxes / fees continue to mount.

 

[Agit8r]

Clinton did great things for the US economy and Bush destroyed it all, waging expensive and unnecessary wars. Obama is just trying to fix his mess, something difficult to accomplish when the world is experiencing a downturn.

Factually speaking, Bush inherited a recession just like Obama did. At the height of his Presidency, Bush pulled US out of the recession he inherited as well as delivered the largest net revenue (taxes) gain ever for the US Treasury. Bush's economy did not start to tank until 2007 when Pelosi, Reid, Clinton and Obama took over The Hill and we've never looked up since as policies of redistribution, increased regulation, and hidden taxes / fees continue to mount.

In inflation adjusted dollars, the highest amount of revenues ever was in the year 2000.

Crackpot Doom Scandal: "The Laffer Curve"

 

[zeke]

Clinton did great things for the US economy and Bush destroyed it all, waging expensive and unnecessary wars. Obama is just trying to fix his mess, something difficult to accomplish when the world is experiencing a downturn.

Factually speaking, Bush inherited a recession just like Obama did. At the height of his Presidency, Bush pulled US out of the recession he inherited as well as delivered the largest net revenue (taxes) gain ever for the US Treasury. Bush's economy did not start to tank until 2007 when Pelosi, Reid, Clinton and Obama took over The Hill and we've never looked up since as policies of redistribution, increased regulation, and hidden taxes / fees continue to mount.

LMAO. Sure that's what happened dude. There was no repurcussions from the unfunded wars, the perscription drug benes or the two big tax cuts.

They had nothing to do with anything. Right?

So what EXACTLY did those nasty Dems of Pelosi, Reid and Clinton DO that tanked the economy?

Make shit up if you need to. We on here are used to that. Facts be damned is the motto.

 

[Freewill]

Obama has destroyed US economy

That’s quite a trick, considering the fact it was already destroyed when he got it.

Yes, if we are to believe this then the democrat take over in 2006 and the results are not Obama's fault, they are more and likely yours.

 

[lynn63]

Bush did not inherit a recession, we had surpluses under Clinton until 911 occurred which that puts us in a recession for 2 years.

 

[racewright]

A president can only do so much--this guy believes he is always correct , kinda like a worker trying to run a company for the boss by spending all the bosses capital and then borrowing to give himself and all other workers a raise sooner or later and hopefully before all is not gone they turn to those who built the company and beg for the bosses to fix it. (gonna happen in the USA we hope)

Obama has been very successful in dividing all under the reasoning that the republicans are wrong.
I could give a rats ass what ya call it but all the people in charge are to blame and they need to get a refund from the college they attended.
Colleges do not know how to create prosperity only know how to collect there fees. I will not get into my history with employees only to say there have been more wrong minded intellectuals in my employ over the last 15 years then in the previous 30.

 

[P@triot]

Gas Prices Heading Up Again

Hold on to your wallets: we are in the middle of a gas price spike, and experts say it will only get worse. CBS 2s Courtney Gousman learned several factors might push the price in our area to more than $4 a gallon.

It's now become a task most people dread - pulling up to the pump. "I never know depending on the day," said motorist Carrie Secrist. "It's no fun at the pump," said driver Veta Charles.

Gas Prices Heading Up Again « CBS Chicago

Yo..............Fart Smeller..................Obama doesn't have any say on what the oil companies charge for their product.

However..................you may wish to talk to the CEO's of Shell, Exxon, BP, and all the others. Chances are, if you asked why prices were so high, they'd give you bullshit reasons and tell you to go fuck yourself as they threw you out the front door.

Apparently, greed is good for them. I hope they choke on it.

Hey high school drop out - Obama completely controls gas prices as he controls all of the drilling permits and has refused to issue them, as well as has blocked the Keystone Pipeline despite the fact that his EPA and his State Department have both officially gone on record as stating they can find no threat to the environment with the the pipeline.

I know high school drop outs don't understand basic economics, but ask your local librarian to explain "Supply & Demand" to you.

 

[P@triot]

Federal Reverse Rules All - YouTube


The Federal Reserve runs the show. This video proves it. Greenspan tells it like it is.

Does the Federal Reserve control drilling permits?

Does the Federal Reserve control government deficit spending?

Does the Federal Reserve control stifling regulations like Dodd-Frank?

Does the Federal Reserve control costly regulations like Obamacare?

Does the Federal Reserve control crushing taxes?

Does the Federal Reserve control blocking the Keystone Pipeline?

Does the Federal Reserve control blocking off shore drilling?

Does the Federal Reserve control the LRB which illegally blocks companies from moving to right-to-work states?

 

[P@triot]

Clinton did great things for the US economy and Bush destroyed it all, waging expensive and unnecessary wars. Obama is just trying to fix his mess, something difficult to accomplish when the world is experiencing a downturn.

Reagan did great things for the economy. Clinton started the collapse of the economic tidal wave Reagan had created when Clinton signed the "Community Re-investment Act" which forced banks to make home loans to people who couldn't afford them - starting the housing collapse.

 

[LeftofLeft]

A president can only do so much--this guy believes he is always correct , kinda like a worker trying to run a company for the boss by spending all the bosses capital and then borrowing to give himself and all other workers a raise sooner or later and hopefully before all is not gone they turn to those who built the company and beg for the bosses to fix it. (gonna happen in the USA we hope)

Obama has been very successful in dividing all under the reasoning that the republicans are wrong.
I could give a rats ass what ya call it but all the people in charge are to blame and they need to get a refund from the college they attended.
Colleges do not know how to create prosperity only know how to collect there fees. I will not get into my history with employees only to say there have been more wrong minded intellectuals in my employ over the last 15 years then in the previous 30.

A President can pursue and support econonomically-sound policies. For example, in a recession or soft economy, how much sense does it make to pursue policies of increased regulation for businesses? Healthcare reform and affordable healthcare could be achieved through deregulation (i.e. opening up healthcare insurance offerings from private companies nationwide) as well as pre-tax, individual health savings accounts. The increased competition would drive down costs. Instead, we are experiencing premiums on the rise, fewer offerings, and private enterprises are now encouraged to reduce hours and/or jobs in order to avoid costs.

How economically sound is that?

 

[Agit8r]

Anyhoo...

 

[Sallow]

Clinton did great things for the US economy and Bush destroyed it all, waging expensive and unnecessary wars. Obama is just trying to fix his mess, something difficult to accomplish when the world is experiencing a downturn.

Reagan did great things for the economy. Clinton started the collapse of the economic tidal wave Reagan had created when Clinton signed the "Community Re-investment Act" which forced banks to make home loans to people who couldn't afford them - starting the housing collapse.

That's not what it does..and it had nothing to do with the housing market "collapse".

 

[Sallow]

Obama has destroyed US economy

That’s quite a trick, considering the fact it was already destroyed when he got it.

His policies have continued to prevent an economic recovery. The day he took office he started an economic policy that has never worked.

Your simplistic statement proves that you are clueless about his failed economic theory.

Which is incorrect. Obama's economic policies save both the financial and auto industries from complete collapse..and kept many federal and state jobs in place. Starting around 2010, when the Republicans began freezing congressional activity in this regard, there starts to be layoffs and a cooling of economic activity. In terms of meeting the goals, however, the stimulus did better then expected.