Where is the US economy headed?

okie, Have you ever questioned GW Bush on his war in Iraq that costs billions of US taxpayer money and thousands of humans?

Please answer this question.

Housing prices are still sliding. We're down around 40% here.

All thanks to Obamanomics.

bullshit. You can't possibly hold him responsible for the housing bubble? This has been in the making for a decade or longer. It's not over yet either, and it has nothing to do with Obama.

It's been a while since we looked at the reset graph. We're in the peak of the Alt A and Option ARM resets.

waterboy can't interpret simple graphs that shows that the subprime mortgage was highest exceeding 35 billion during GW Bush's tenure.

As were the writing of most of those option-A and Alt-A mortgages that are about to reset.

This graph essentially shows that our economy has a long way to go before we can get back to pre-2006 levels in our economy - even during the creation of the great balloon that burst in 2008.

If the feds pump $600 billion into our economy, that'll only exacerbate the circulation of dollars that won't help the middle class or the poor, but will end up increasing asset values by another balloon through increased speculation.

Liberal Bullshit!

The chart cited by JPB is liberal bullshit? Is that what you are claiming? If so, please walk us through your understanding of what the chart is showing. Thanks.

What's up with that ci? You have to speculate to accumulate. Be in it to win it.

Are you suggesting that the Feds don't know what they are doing? That would be something to worry about.

spendi, I don't have the patience or interest in explaining this issue with you. If you're really interested to learn about it, talk to any economics professor in your area who understands these things.

The Feds not knowing what they are doing is only part of the problem!
I would say that there are a multiple of problems going on in our country and many other countries as well, but in order to better understand these problems we need to add more to our frame of reference! This is only a piece of the puzzle.

http://www.youtube.com/watch?v=H7hiiuSdT5o

That is merely a self-comforting method of saying that you can't explain the issue.

A long news item last night included a visit to an engineering factory in Birmingham. The managing director explained how the bank's refusal to lend him money was holding back his progress because he needed finance to buy a £10 million machine.

What he avoided mentioning was that the manufactures of the machine are also selling them to China and India and the banks are concerned that enabling him to buy one with their customer's money is the road to ruin because those other countries can work the machines at a tenth of his costs and that the item produced by the machine can be loaded into containers by the thousand and dropped off at the docks and fly off the shelves at prices he can't get close to.

The banks are eager to lend money to anybody they think can service and repay the debt. He was pleading with the banks to throw good money after bad.

The pressure on the banks to lend money to small businesses has the makings of another sub-prime fiasco.

As long as China and India can produce enough electricity to run such machines financing that guy is a waste of money. Most of the work is done by the electricity. The transportation cost per item when thousands go into one container is piddling.

Why dont you look up your question on multiple sources? Not just conserative but also liberal. You must be able to read.

spendi prefers to attack rather than learn on his own. I'm sure there's a name for people like him. LOL

You can't read very well RABEL. I didn't ask any question. I reported something and stated a few obvious facts relating to it.

What did I attack ci.? Unless you might think my post was an attack on the ridiculous idea of free trade.

spendi wrote:

Your claim that I'm unable to explain the issue - is an attack. Unfortunately, I've explained my position on this issue many times, if you have bothered to read and/or remember them. Maybe, it's just too spacial for you!

Back on topic,

The Dow hit 12,000 today. When Obama took office, it was at less than 8000. The value of the Dow Jones has gone up by 50% in the two short years of Obama's term.

Will Okie and others who have consistently derided Obama as being 'anti-business,' and who used to post the Dow as a chart of how poorly he was doing as a president, address the fact that things are getting better?

I doubt it.

Cycloptichorn

Cyclo, The DOW's 12,000 achievement in this economy where most homeowners are in trouble keeping up with their mortgage payments is not a good sign for our future.

I'm also am a skeptic about our unemployment levels that will only increase when job creation can't even meet current demand.

I'm not putting that much glee into the DOW's 12,000.