114
   

Where is the US economy headed?

 
 
hawkeye10
 
  0  
Reply Sat 8 Sep, 2012 01:30 pm
@RABEL222,
RABEL222 wrote:

When you say "politicians lying" do you mean all politicians or just democratic ones?

All..I have long been on record that both parties are lost causes. They should be rubbed out and we should start anew.
reasoning logic
 
  1  
Reply Sat 8 Sep, 2012 01:34 pm
@hawkeye10,
Quote:
I think that you are right as far as you go but that your personal distaste for religion keeps you from seeing that the common cause for much of what ails us is spiritual.


I see some of what you share as creditable information but I do question why you used the word spiritual rather than morality or a better understanding of it.
cicerone imposter
 
  1  
Reply Sun 9 Sep, 2012 01:25 pm
@hawkeye10,
I don't see how that's possible in this environment.

You can't rationalize emotion.
0 Replies
 
georgeob1
 
  1  
Reply Sun 9 Sep, 2012 01:47 pm
@reasoning logic,
reasoning logic wrote:

I see some of what you share as creditable information but I do question why you used the word spiritual rather than morality or a better understanding of it.

What then is the basis for your view of morality?
spendius
 
  1  
Reply Sun 9 Sep, 2012 02:02 pm
@georgeob1,
It is obviously not the idea that keeping up with the Jones' is a spiritual notion not founded on any materialist position.

rl, being a full blown keeper up with the Jones' and a non-spiritual person, would get confused about which way up he is if he found out that invidious conspicuous consumption is entirely spiritual in nature without the slightest blemish on its purity.

He was on the beach in Florida the other day with a lap top. You can't get much more confused than that. Suffused with divine grace and all.
0 Replies
 
cicerone imposter
 
  0  
Reply Sun 9 Sep, 2012 02:07 pm
@georgeob1,
Romney is again playing both sides of an issue; he was for cutting taxes for the rich, but now says he will not cut taxes for the rich.

Who is this guy that keeps flip-flopping?

Do conservatives know him? How?

Why are they voting for somebody that doesn't keep any promises?
roger
 
  2  
Reply Sun 9 Sep, 2012 02:42 pm
@cicerone imposter,
cicerone imposter wrote:

Presidents and heads of state can influence the economy, but they cannot create jobs; that's what private citizens and corporations do when there is enough demand for their goods and services.



I am delighted to see you understand that. I hope it influences your vote.
spendius
 
  2  
Reply Sun 9 Sep, 2012 02:57 pm
@cicerone imposter,
Quote:
Why are they voting for somebody that doesn't keep any promises?


Maybe it is because they know, as seasoned voters, that politicians are like those prostitutes that were, and are, displayed before the punters in shop windows or the "Rest Rooms" in brothels and other dens of ill-repute and cannot possibly fulfil the promises they offer to a public eager to be promised delights in order to be chosen.

That they are not soft in the head like you. You only assume they are taken in because you think they are less intelligent than you: which I suppose some possibly are.
0 Replies
 
cicerone imposter
 
  1  
Reply Sun 9 Sep, 2012 03:08 pm
@roger,
I'm not sure what you mean. I don't like either candidate, and may be the first time in my voting that I don't vote for a president.

I would lean more towards Obama, but I don't trust his judgement to do the right thing as president.

ObamaCare was sloppy, and I was angry when he added 50,000 troops in Afghanistan.

roger
 
  2  
Reply Sun 9 Sep, 2012 03:31 pm
@cicerone imposter,
Sorry. I was as clear as I knew how to be.
0 Replies
 
Rickoshay75
 
  1  
Reply Mon 10 Sep, 2012 12:53 pm
@au1929,
au1929 wrote:

Harbingers of Harder Times


Published: March 12, 2005

At $58.3 billion, the United States' trade deficit for January exceeded everyone's worst expectations. The huge mismatch reported yesterday between imports and exports just missed breaking the monthly record, set last November, and is all the more remarkable for occurring in a month when the price of oil actually declined.

The trade deficit is the single most important factor in measuring the extent to which the nation lives beyond its means. As such, it should force us to own up to the dangers of rampant deficit spending. But the White House is showing no sign of action, as if doing nothing might make the problem smaller.

In response to yesterday's trade deficit figure, the dollar weakened against the euro and the yen, and traders predicted further declines in the weeks and months ahead. That, in turn, contributed to a drop in stock and bond prices. Such gyrations are certainly not unprecedented. The dollar has been on a downward trajectory for three straight years and was going into a fresh skid even before the latest trade deficit figure was released.

That slump was largely in response to recent reports, some later denied, that Asian central bankers may begin moving their huge dollar holdings into other currencies. That would mean higher interest rates in the United States because the government would need to sweeten Treasury yields, and higher interest rates imply further declines in stock and bond prices. A declining dollar also risks higher inflation; more expensive imports give domestic producers an excuse to raise prices.

There may be more trouble to come. Next week, the government will release figures showing how much capital flowed into the United States from abroad in January. Those numbers were down by nearly one-third in December. If next week's report is disappointing, the logical response from the currency markets would be to sell dollars - again raising the threat of all the possible side effects.

Since the trade deficit is intimately connected to the federal budget deficit, the best way to reduce the trade imbalance is to reduce the budget gap. But President Bush is calling for more tax cuts, politically implausible spending cuts and costly Social Security privatization. Both parties in Congress must address the twin trade and budget deficits - or risk being forced to do so by events beyond their control.

Do you believe that the US may be approaching economic disaster? If so what can or should the administration and congress do to avert it?


Raise taxes, use it to fix the crumbling infrastructure and maintain the things the people want, safety net, police and fire protection, arts, education, people research...
spendius
 
  1  
Reply Mon 10 Sep, 2012 05:23 pm
@Rickoshay75,
Will you define safety nets, police and fire protection, arts, education, people research...?

I think each one is quite capable of blowing the lot all on its own.

0 Replies
 
Builder
 
  1  
Reply Wed 12 Sep, 2012 12:37 am
@cicerone imposter,
Forget not keeping promises. How about just lying and smiling through the lies, like he believes all Americans are dumb-arses?

Here's ten of the best of the Romulan-Remus bullshit stories (so far).


1. Romney has promised that his first action on day one of a Romney administration would be to repeal Obama's Affordable Care Act. Of course, he wouldn’t have any authority to do that and attempting to pass legislation in congress would get stopped short in the Democratic-controlled senate. However, he may want to have a discussion with his running mate. It was recently disclosed that Paul Ryan quietly applied for funding for a Wisconsin healthcare clinic in his district. The funds would come entirely from the Affordable Care Act that Ryan and Romney now propose to repeal.

2. In an interview on the Bill Bennett radio show, Mitt Romney lashed out at what he considered to be false ads by a pro-Obama super PAC. In the course of his tirade he lamented that “in the past, when people pointed out that something was inaccurate, why, campaigns pulled the ad.” Romney said this even as he refused to pull his own ads that had been rated “Pants-on-Fire” lies by PolitiFact. Subsequently, the Romney campaign decided to abandon any pretense to honesty and declare that fact-checkers had “jumped the shark,” and that they would no longer “let our campaign be dictated by fact checkers.” In other words, we will lie if we feel like it.

3. At the GOP convention in Tampa, Ann Romney gave a keynote speech in which she told women, “You are the best of America. You are the hope of America. There would not be an America without you.” It was a naked attempt to appeal to women voters the GOP is having trouble connecting with. However, beyond her flattery she never uttered a word of support for issues of importance to women. There was no mention of equal pay, gender discrimination in the workplace, parental leave, or child welfare services like healthcare or nutritional programs. The only references she made to education were how fortunate her husband and children were to have the benefit of attending first-rate institutions that most Americans will never see. And the GOP platform strikes a markedly different tone by banning access to family planning services and effectively asserting that women, “the hope of America,” are not competent to make decisions about their own bodies.

4. The comments of GOP senate candidate Todd Akin regarding “legitimate rape” caused a firestorm of criticism from both Democrats and Republicans. Many on the right insisted that Akin withdraw from the Missouri senate race. However, most of the criticism was directed at the harm Akin caused to the GOP’s prospects of winning the seat, rather than to the offensive views he articulated. There was abundant gnashing of teeth over Akin’s stupidity for putting the election at risk. But when it comes to women, the right’s policies are actually a logical conclusion of Akin’s dumb outburst. In fact, Paul Ryan and Akin cosponsored a bill in the House that sought to redefine the term “rape.” Their bill would make federal funds unavailable for victims unless the crime was deemed “forcible,” which would have excluded many assaults that were statutory, incest or under duress.

5. Fox News and Romney have both recently made an issue of legislation in Ohio that would remove early voting availability for all voters except those in the military. The Obama Justice Department challenged the law arguing that every voter should have early access to the polls. Romney and Fox responded by accusing the president of wanting to make it more difficult for soldiers to vote, even though the administration’s position is to make voting easier for everyone. What Romney and Fox did not mention was that their position would have denied early voting to over 900,000 Ohio veterans (in addition to millions of other Ohio residents) who were not included in the GOP’s bill. [Note: An Ohio court just ruled in favor of the administration's position, but the Ohio Secretary of State insisted he would defy the court order to open the polls.]

6. Mitt Romney’s problems with his financial records are well known. He continues to refuse to release more than two years of his tax returns even as more evidence comes out that he has engaged in shenanigans involving off-shore banks and other tax avoidance schemes. Nevertheless, Romney had the audacity to address a group of donors and complain about big businesses that “save money by putting various things in the places where there are low-tax havens around the world.” Apparently that’s only acceptable for wealthy presidential candidates.

7. Are you better off now than you were four years ago? Mitt Romney says yes. The key issue of the Romney campaign from its inception has been his contention that the economy is in dismal shape and that it’s the president’s fault. Romney has said on numerous occasions that Obama may have inherited a troubled economy, but he made it worse. However, when asked by radio host Laura Ingraham about improving economic indicators, he said, “Well, of course it’s getting better. The economy always gets better after a recession.” Ingraham was stunned and gave Romney a second shot noting that he wasn’t helping his argument. Romney held firm saying, “Have you got a better one, Laura? It just happens to be the truth.” Soon after, Romney went back to falsely accusing Obama of making things worse.

8. While running for the GOP nomination for president in 2007, Romney was asked by reporters if he agreed with comments by then-candidate Obama that if Osama bin Laden were discovered in Pakistan he would take action if the Pakistanis did not. Romney responded, “I do not concur in the words of Barack Obama in a plan to enter an ally of ours.” Earlier this year, on the anniversary of the death of bin Laden (who was killed by American Special Forces in Pakistan), Romney diminished President Obama's role by claiming, “Anybody would have made that call.” Well…not just anybody.

9. Romney was a vocal opponent of the auto industry bailout orchestrated by the Obama administration. He famously wrote an op-ed for the New York Times with the title " Let Detroit Go Bankrupt ." Fast-forward a couple of years to a newly profitable and growing automobile industry and we find that Romney has shifted his position. Today he not only claims he supported the bailout, but he considers himself responsible for its success. He told ABC News that “I’ll take a lot of credit for the fact that this industry’s come back.” That’s a little like Pontius Pilate taking credit for Jesus coming back.

10. When Romney ran for the senate in Massachusetts in 1994, he claimed to support abortion rights and punctuated his commitment to that position with a story about a close relative who died as the result of an illegal abortion. In a debate with his opponent, Ted Kennedy, Romney referenced his family’s loss and said “It is since that time that my mother and my family have been committed to the belief that we can believe as we want, but we will not force our beliefs on others on that matter. And you will not see me wavering on that.” So Romney once made an unwavering commitment never to force his beliefs on others, but now he’s pushing for a constitutional amendment to ban abortion. Is he through with grieving now? Is he comfortable with the grief that other families will suffer if his promise to repeal Roe v. Wade is fulfilled?

Hypocrisy and the Republican Party have never been separated by much The GOP was the originator of the healthcare insurance mandate, but flipped to opposing it after it was proposed by a Democratic president. The GOP supported the DREAM Act until Obama put it on the legislative agenda. Cap and trade was a GOP innovation. And the war hawks of the Republican right – Bush, Cheney, Rove, Boehner, Bolton, Limbaugh, Hannity, Kristol, Beck, et al. – never saw a day of combat. Mitt Romney, after protesting in favor of the draft to send other kids to Vietnam, avoided service via his Mormon missionary work in Paris, and received multiple academic deferments.
spendius
 
  1  
Reply Wed 12 Sep, 2012 04:20 am
@Builder,
see next post. edit malfunction.
0 Replies
 
spendius
 
  1  
Reply Wed 12 Sep, 2012 04:22 am
@Builder,
Quote:
Romney has promised that his first action on day one of a Romney administration would be to repeal Obama's Affordable Care Act.


That wasn't the promise I heard him make. He promised to "start the process" of repealing OAC.

It has emerged that one of Mr Obama's first acts was to install the Home Brew kit in the White House.
0 Replies
 
cicerone imposter
 
  1  
Reply Wed 12 Sep, 2012 08:22 am
What Romney said was "Obamacare must be repealed." Makes a whole lots of sense because Obamacare is almost the same as Romneycare.

The guy speaks with forked tongue to win the conservative vote. he's an arse!
spendius
 
  1  
Reply Wed 12 Sep, 2012 09:32 am
@cicerone imposter,
He's a bloke trying to hold together a disparate coalition of competitive forces in order to offer an alternative to another bloke holding together another disparate coalition of competitive forces.

In a sensible world anybody calling him an arse would be disqualified from voting.
cicerone imposter
 
  1  
Reply Wed 12 Sep, 2012 10:48 am
@spendius,
I'm still undecided on the presidential vote, so I'm not sure who you're addressing your post to.
spendius
 
  1  
Reply Wed 12 Sep, 2012 10:56 am
@cicerone imposter,
Another reason to take your vote away.
cicerone imposter
 
  1  
Reply Wed 12 Sep, 2012 01:46 pm
@spendius,
Why? Who are you to decide what I do with my vote?
 

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