Where is the US economy headed?

It's not a theory, it's a fact.

The mere threat of Obama raising taxes has put a virtual halt to growth in this
country... imagine how bad the US economy will become if he actually raises
taxes on the so-called rich. The US economy can't stands no more of Obama's ways.

This is bs. the reason for the turn down is that industry is moving jobs out of the country rather than creating them and shareing the productivity of the few companies remaining in the U.S., and the banks still trying to claim that the properties they have foreclosed on are worth what they were financed for. More conservative lies when they say that the reason for our troubles is raising taxes on the rich 10%, and idiots like you that have taken the Limbaugh lies hook line and sinker.

Adios America!

This one is a no-brainer. According to the latest IRS figures as reported by the Wall Street Journal, Americans are jumping ship in record numbers. The number of Americans renouncing their citizenship has increased nearly ninefold since 2008.

Who are the people leaving the United States? The wealthy. The producers. Why? Paul L. Caron, Professor of Law at the University of Cincinnati College of Law says, “This President constantly demonizes the wealthy, who undoubtedly are concerned about the tax policy that would emerge in 2012 if a re-elected Barack Obama, unconstrained by re-election concerns, finally confronts the budgetary train wreck that he has done so much to exacerbate.”

Elections have consequences.

I guess that explains where you got your idea that cherry picking math was OK.


At the rate Americans are leaving, we will have 400 million Americans in 2040.

Obamanomics is killing the US economy!

What are Obama and his democrats doing to cut spending?

The Bush family shut off the world markets by acting as bullies. Nobody buys from a bully. Europe, South America and the Muslim world buy cars from other countries. Only China, South Korea and Australia buy American cars.

So, what are Obama and his democrats doing to cut spending?

What to pay off GWB's debt?

Nice try, but Obama has tripled down on GW's debt since taking office and he's not done spending.

Who will pay-off Obama's debt?

Oh, pshaw! "Fear the concentration of power in the hands of the rich"? That's like fearing the high IQ scores in the hands of the Asian or Russian students in NYC.

Power does get "concentrated," since half the bellcurve is on the left side. Children do not get educated, since some children choose not to learn.

That's right. Begrudge the rich, so all the jobs that the rich require for people to have, inorder for them to live their life style, you would end.

The middle class and poor are just the 21st century versions of the peasants in the Middle Ages. Fewer are starving than in the Middle Ages. Don't you see the progress?

Why do you suppose "our economy is now enriching the top 10% of our population, while the middle class and poor lose purchasing power and security"?

Isn't it obvious that the central reason is that the industrial sector of our economy is now a much shrunken relative component of the total? There aren't that many high paying jobs for folks without much education in Law firms, consultancies, financial institutions, IT companies, or other key components of the contemporary economy.

What made our once thriving industrial sector shrink? I think the obvious answer is foreign competition, abetted by our increasingly restrictive environmental laws; the self-serving recaltricance of labor unions that resisted productivity enhancing innovation by the companies they infected, and fostered an attitude of "working the contract, not the job" among their members; and higher taxes on plant & equipment from local governments in the states where industry was concentrated.

It certainly wasn't solely the action of those today who are fortunate enough to be thriving in the current economy.

Oh, I'd say that the primary reason is b/c your party has struggled to bring this about for the last 3o years, through a system of taxation which is expressly designed to funnel ever-increasing percentages of wealth to that top 10%. And that the only time in the last 30 years our middle class and poor have gained ground was during the Clinton admin, who raised taxes on the rich.

Blaming the entire thing on the loss of manufacturing in America, as if the tax schemes were not far more responsible, is foolish.

Cycloptichorn

Your argument doesn't hold up, because there are countries with higher wages and benefits than the US who are enjoying more equitable income and benefits, and a higher quality of life. They must also compete in the world marketplace.

Here's a list of ten countries with the top quality of life.
http://www.mapsofworld.com/world-top-ten/world-top-ten-quality-of-life-map.html

Obama wasn't as ready as we expected

The three trillion was added to bring banks to the net capital ration of 15:1 which was at a dangerous 33:1 which former Treasury Secretary Hank Paulson, advocated as Chairman of Goldman Sachs.

Amid the troubling developments in housing, labor and elsewhere, the Obama administration has tried to push several new economic proposals, ranging from new training programs to tax relief.

President Obama is pleading for patience on the economy while at the same time urging the public to stay positive.

"The sky is not falling," the president said during a stop in North Carolina two days ago.

Thanks Obama!

Back in February of 2009, Barack Obama said: "[The voters] didn't vote for the status quo; they sent us here to bring change. We owe it to them to deliver.” How’s that change working out for us? He emphasized that we HAD to pass it in order to keep unemployment under 8%. So what did he do? He spent money that we didn’t have. Lots of it. Over $800 billion now and what do we have to show for it?

Compared to February of 2009, when Obama’s stimulus plan was passed, we now have 1.9 million fewer people employed in the United States. At the time 141.7 million Americans were employed but by May 2011, that number had dwindled to 139.8 million.

Among those who have been hit the hardest are black Americans … 96% of the black vote in 2008 went to Barack Obama. When Obama was inaugurated, the unemployment rate among blacks stood at 12.6%. How are things looking in May 2011? The unemployment rate for blacks is 16.2%. The American Thinker sums this up for us:

So, while the overall unemployment rate has risen by 1.5% since Obama took office, the rate of unemployment for blacks is 3.6% higher. Seen another way, the gap between the African-American unemployment rate versus that of the entire population has widened from 5.0% when Obama took office to 7.1% as of May 2011.

They aren’t the only Obama supporters to be affected like this. Read the article to see how those college students who thought Obama was so “cool” are faring in the job market. And the “poor”?

This is what you get when you put a community organizing hack in the White House who couldn’t create one stinking job if his ego depended on it. This is also what you get when that community organizing hack surrounds himself with people who are in love with government and believe that government is the solution to all of our problems.