Where is the US economy headed?

okie, I think your most recent screed comes under the heading of "penny wise and pound foolish". Unregulated financial instruments recently came within a hair of driving us into another great depression, and your side has consistently opposed any attempts to regulate them and prevent the possibility of another massive hemmorhage, or at least make it a little less difficult for them to do it all again. Yet you want to regulate tenths of a cent pricing on gas pumps. There are much more important things you should be thinking about that affect our lives far more that you are ignoring in favor of your little peeve.

You are not facing total reality, MJ. My side wanted and still wants more oversight and accountability of organizations like Fannie and Freddie, who were highly responsible for much of the real estate meltdown, yet your side said there was no problem, all was fine and it was all a witch hunt, MJ.

It rather comes under the heading "ethical and fair pricing policy." Some things are based upon principle, MJ. The principle is that pricing increments should not exceed the ability to accurately measure the product being sold, nor should pricing be broken into increments that do not actually exist in the monetary world. Example, we do not have denominations in tenths of a penny, which was a "mill."

I used to have a boss that said "if you take care of the pennies, the dollars will take care of themselves." We employees used to find fault with that philosophy at times, but we could also see that it was a valid and useful philosophy to follow at least in a prudent way. I would dare say that many people's financial problems stem from nickeling and diming their way into them, often with cokes, candy, cigarettes, fast food, and the like.

Not only that; in addition to worrying about one-tenth of one cent, they want to give the wealthy bigger tax breaks. Never mind the pennies; we're talking trillions; it's the growing deficit.

And its Obama spending the Trillions.

It's because GW Bush left Obama with two wars and the Great Recession.

GW Bush was also responsible for one of the biggest cost increase on drug benefits under Medicare to enrich the drug companies.

Once again, the predictable and ignorant C-imposter has blamed GW Bush for all of Obama's problems

This month's edition of Sojourners has an article on how the Pentagon is ruining the economy.

When I was a kid and my brother went to medical school, I was fascinated by the fact that the study of medicine I thought was so sophisticated, that one of the tools he showed us was his little rubber mallet, which he demonstrated by tapping our knee, at which time our leg would give a little kick, to prove our reflexes were healthy. That reminds me of liberals when anyone says anything to them about Obama or any Democrat being responsible for anything, it is like tapping them on a nerve with the rubber mallet, which then automatically brings forth a reflex from their mouth saying "IT'S BUSH's FAULT!!!!"

And that's a fact!

You have no idea what you are talking about. The oil companies and the individual franchise holders what those fractions of pennies to dupe the public. Stop being a shill for the forces of economic destruction.

gee. okie, how soon you forget the years 2001-2008 inclusive, when every time you tapped a Republican's knee we'd hear "It was Clinton, it was Clinton."

Pitiful POM, just pitiful.

H2 Oboy says:



So you're saying W Bush DIDN'T leave Obama with two wars and the Great Recession? Where did they come from?

Some hope for the economy:

I’m up early this morning because I’m meeting a girl for breakfast who I met yesterday at the festival, her name is Sarah and she has a company called Red Ants Pants, work pants for women! (Because she was tired of wearing men’s pants when she worked!) She has an airstream trailer and travels around the country doing shows at people’s houses, selling her paints—which are made in Seattle by a mother-daughter-run sewing factory. We’re meeting this morning to talk about all kinds of stuff (you know how you just like somebody when you meet them) and to talk about her autumn tour which I’m thinking needs to come through Ashfield! I mean, where in the WORLD are you going to find a more interesting group of seriously-working women than in Ashfield and the enviorons? So I’ll let you know when we do the women’s work trousers event at Elmer’s. in the fall.

--------------------------

Ashfield is a tiny town, a hamlet really, is western MA, near the VT border. I can see okie/ican and H2O and the other anti-progress, anti-human goodness crew getting ready to launch their tired old diatribes.

The town is home to a successful raw milk dairy that has had a significant positive impact on the economy. It is also home to a one woman publishing house and the one woman restaurant-general store referred to as Elmer's in the above excerpt from its newsletter.

The left will save the nation if anyone does. Glad to see there is a mother-daughter owned clothing manufacturer!

Many factors, MJ, but big was the housing collapse, in which Fannie and Freddie played a huge part. Remember the Dems said it was a witch hunt, no problem, and that no more oversight was called for or needed. I am not laying it all on Fannie and Freddie, but they were huge factors, and we still have not required full accountability.

MJackoff must also blame Bush for making Obama run for president or maybe he wants us to believe Obama had no ******* clue that
there was a global war on terror that had two big battles that were ongoing plus a smattering of smaller battles around the world.

As far as the wars are concerned, Obama said Iraq was essentially a diversion and a waste of time. If he actually believed what he said, he could have withdrawn all troops immediately after he took office, so I think by now he has some responsibility for us still being in Iraq, and also in Afghanistan. And besides those two wars, we now have the problem in Libya in which he involved us. I don't think you can blame that one on Bush.

Okay, so - forgetting F&F, who are already under much greater scrutiny and had to pay gigantic fines for their screwups - you don't agree that the financial sector, who bears the largest part of the responsibility for the crash (as I've patiently explained to you several times over the last two years) needs to have more oversight as well?

Cycloptichorn

Once okie gets an idea into his noggin, he repeats it over and over whether it's factual or not. A dead parrot is smarter; it know when to shut up!