Where is the US economy headed?

@spendius,

You stupid jerk. The peoples labor built america. The amoral robber-barons took advantage of that labor by paying slave wages.

1 Reply

@RABEL222,

RABEL222 wrote:

You stupid jerk. The peoples labor built america. The amoral robber-barons took advantage of that labor by paying slave wages.

how exactly is that different than now....when incomes for almost all are in decline and when the top few percent of wealth holders keep all of the benefits of productivity gains for themselves?

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@hawkeye10,

Quote:

I blame Obama for not attempting to fix anything.

Maybe you should blame yourself for not looking at reality.

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@hawkeye10,

Quote:

the GOP and the Tea Party have nothing to do with Obama's refusal to attempt reforms while there was still time, before the crash and depression.

Wow...

Obama was not President in 2008 when the crash occurred. If you want to assign blame can't you at least find your blame in reality?

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@parados,

The current admin is refusing to prosecute any of the crimes of the last admin. This seems to be the cycle for US admins, regardless of the generally pious attitude of "spreading democracy" and "liberating the people from tyrants" of other nations.

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@Builder,

Quote:

The current admin is refusing to prosecute any of the crimes of the last admin. This seems to be the cycle for US admins, regardless of the generally pious attitude of "spreading democracy" and "liberating the people from tyrants" of other nations.

Amen Preacher. Where do you preachers of truth keep coming from ? Certainly there is an organized church like back in the day of Jesus where one could go into the temple and receive such a message.

I am not talking about the temples that Jesus went into and ran the money changers out of but the other temples that he spoke highly of. Wink

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@Builder,

Which specific crimes are you referring to? In order to prosecute a crime there must be an actual crime in the US code that can be charged then there must be evidence that someone actually violated that code. While it is easy to argue that any administration acted badly, it is much harder to argue with actual facts that they committed criminal offenses that can be charged in US courts.

1 Reply

@parados,

That's just another one of hawk's blind spots; he still doesn't understand what the GOP congress has been doing for the past four years - after McConnell said their first order of business was to make Obama a one term president.

There's no cure for ........ .especially since Obama's stim bill helped our economy in more ways than they are willing to admit.

1 Reply

@cicerone imposter,

Juicing the economy with public debt is not working because the people don't have faith in the economic system because while huge problems with the system became inpossible to overlook in 2008 no reforms were ever undertaken. None were ever attempted.

That Obama never tried is not the Repubs fault. That the Repubs never tried is not Obama's fault.

1 Reply

@hawkeye10,

You are not capable of understanding economic theory like most conservative Americans who believe the primary solution is to reduce our federal debt during this time in the world's economic crisis.

Europe is practicing austerity when that's the wrong goal to improve their economy.

The US is cutting teachers, school funding, and repair of our infrastructure when those are the very fundamentals for any country to remain competitive in the world marketplace.

What do you really understand about micro and macro economics?

What level of economic courses have you studied and understand?

1 Reply

@parados,

parados wrote:

Quote:

the GOP and the Tea Party have nothing to do with Obama's refusal to attempt reforms while there was still time, before the crash and depression.

Wow...

Obama was not President in 2008 when the crash occurred. If you want to assign blame can't you at least find your blame in reality?

And then Obama either did not understand what the crash meant or else he did not have the stones to deal with it, which IS his fault.

1 Reply

@cicerone imposter,

Having a university education on economics is certification that one has gone through the corporate class indoctrination program, it is not certification of understanding.

1 Reply

@hawkeye10,

That's not what I asked "you."

1 Reply

@cicerone imposter,

cicerone imposter wrote:

That's not what I asked "you."

I know that capitalism does not work if the people do not have confidence in those running it and/or don't think that they can't predict future value. Incompetents running the system and constantly changing the rules is a no-go.

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Can we just get rid of the bullshit idea that cutting taxes leads to growth, and that raising them stymies growth?

http://dailydish.typepad.com/.a/6a00d83451c45669e2017c31edc46e970b-550wi

Cycloptichorn

1 Reply

@hawkeye10,

hawkeye10 wrote:

parados wrote:

Quote:

the GOP and the Tea Party have nothing to do with Obama's refusal to attempt reforms while there was still time, before the crash and depression.

Wow...

Obama was not President in 2008 when the crash occurred. If you want to assign blame can't you at least find your blame in reality?

And then Obama either did not understand what the crash meant or else he did not have the stones to deal with it, which IS his fault.

And then you make another statement that is outside reality.

Are you arguing that the stimulus was nothing? Or are you arguing that it wasn't big enough? or what?

1 Reply

@parados,

Stimulus was a very expensive band aid which does not cure the illness....hardly helps at all, though it does delay the visable degeneration for a spell, which likely is enough of a benefit to suit the elites who put it in place. As far a value for money for those of us who are expected to pay for it we get about zip. Stimulus was a massive fraud.

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@hawkeye10,

Why is it that most economists disagrees with you? Probably because you don't know what you're talking about.

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@cicerone imposter,

cicerone imposter wrote:

Why is it that most economists disagrees with you? Probably because you don't know what you're talking about.

wrong about what? There is huge disagreement about how much if at all we benefit from stimulus from the most highly regarded economists...so I know that you meann something else.

1 Reply

@cicerone imposter,

Wake up old man....when the system no longer is seen as credible neither stimulus nor austerity will solve the problem, because neither allows people to believe that the economic system works.

What we needed and still need is reform on the scale that we saw back when we started the IMF and world bank....we need new institutions, new people, and new thinking.

You sir are out of date and thus useless for help in fixing what ails us.

2 Replies

Where is the US economy headed?

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