114
   

Where is the US economy headed?

 
 
spendius
 
  1  
Reply Mon 13 Feb, 2012 06:20 pm
@realjohnboy,
**** Moody. Who is he anyway?
realjohnboy
 
  1  
Reply Mon 13 Feb, 2012 06:24 pm
@spendius,
Sort of a morose guy, me thinks. If he were young, he would be living in his parents' basement. in his underwear in front of his computer, pretending to be something he isn't.
Does that work for you?
reasoning logic
 
  0  
Reply Mon 13 Feb, 2012 07:10 pm
I wonder when it will be the US's turn for economic revolution.

cicerone imposter
 
  1  
Reply Mon 13 Feb, 2012 07:18 pm
@reasoning logic,
The economic revolution is the OWS, not only in the US, but in most developed countries.

From Wiki.
Quote:
We are the 99%
From Wikipedia, the free encyclopedia
This article is about the slogan. For the movement, see Occupy movement.


Solidarity poster referencing the "We are the 99%" slogan
We are the 99% is a political slogan widely used by the Occupy movement.[1] It was originally the name of a Tumblr blog page launched in late August 2011 by an anonymous 28-year-old New York activist named "Chris."[2][3][4] The phrase indirectly refers to the concentration of wealth among the top 1% of income earners, and reflects a belief that the "99%" are paying the price for the mistakes of a tiny minority.[5][6][7] The phrase was picked up as a unifying slogan[8] by the Occupy movement.[9] According to the Wall Street Journal, a person needs to earn at least $506,000 annually to be in the top 1% of the income distribution in the United States.[10]
reasoning logic
 
  0  
Reply Mon 13 Feb, 2012 07:27 pm
@cicerone imposter,
Greece's revolution seems to be taken more seriously.
H2O MAN
 
  -3  
Reply Mon 13 Feb, 2012 07:33 pm
@cicerone imposter,
cicerone imposter wrote:

The economic revolution is the OWS...


Put the crack pipe down Ci!
0 Replies
 
H2O MAN
 
  -3  
Reply Mon 13 Feb, 2012 07:33 pm
@realjohnboy,
realjohnboy wrote:

Sort of a morose guy, me thinks. If he were young, he would be living in his parents' basement. in his underwear in front of his computer, pretending to be something he isn't.



Me thinks you have described Ci.
0 Replies
 
H2O MAN
 
  -3  
Reply Mon 13 Feb, 2012 07:34 pm
@reasoning logic,


If Obama is elected to a 2nd term you will see this kind of protest in the streets of America.
reasoning logic
 
  1  
Reply Mon 13 Feb, 2012 07:40 pm
@H2O MAN,
I think that we may see it regardless.
H2O MAN
 
  -3  
Reply Mon 13 Feb, 2012 07:43 pm
@reasoning logic,
reasoning logic wrote:

I think that we may see it regardless.


Obama has done quite a bit of damage so you could be right about that... so sad.
cicerone imposter
 
  1  
Reply Mon 13 Feb, 2012 07:45 pm
@H2O MAN,
watersquirt, The only thing sad around here is your inability to understand facts, and your constant debasement of President Obama without any clue to what you say.
0 Replies
 
reasoning logic
 
  -1  
Reply Mon 13 Feb, 2012 07:46 pm
@H2O MAN,
The damage has been done by people like me and you by thinking that politics has answers to our problems. Maybe it is time that we start implementing the scientific method?
0 Replies
 
hawkeye10
 
  1  
Reply Tue 14 Feb, 2012 02:13 am
Quote:
Instead, we are left with the outlines of a program that not even its designers believe in anymore. Finance ministries in Europe are growing increasingly skeptical about Greece's ability to reform, despite the passage on Sunday evening of a vast new austerity package in Athens. Efforts to get private creditors to participate in debt relief for the country have likewise been slow to make progress. And there is growing doubt among politicians in Berlin about the current rescue strategy -- as there is among the parties in Athens. Late last week, the populist LAOS party, the smallest of the three Greek parties in the current ruling coalition, announced it would no longer back the bailout deal and related austerity measures.

Europe is now paying the price for the inability of its leaders -- together with the International Monetary Fund (IMF) and its managing director Christine Lagarde -- have still not been able to agree on effective therapy for improving Greece's economic health. They share the belief that, given the unforeseeable consequences, a Greek exit from the euro zone should be avoided at all costs. But it remains unclear how the highly indebted country can be nursed back to health within the currency union.

In any case, the new program European leaders hammered out with their Greek partners last week would hardly seem to fit the bill. Although the ailing country will receive €130 billion ($172 billion), this massive amount of money won't necessarily make the country's rehabilitation any easier. The country's unsustainable mountain of debt will, of course become smaller, but that alone will hardly help. And while Athens makes even more cuts in wages, pensions and state expenditures, it isn't even remotely clear how this formula will return the Greek economy to growth. Fundamentally, Europe's strategy can be reduced to a single message: More of the same!

Yet after two years of fighting Greece's debt crisis, hardly anyone believes that this strategy will work -- not in Athens, Brussels or Berlin. German Finance Minister Wolfgang Schäuble stopped pretending long ago that he wasn't extremely annoyed by the stalling, delaying and squabbling of the parties in Athens. The same is true of Jean-Claude Juncker, the prime minister of Luxembourg who chairs the Euro Group, made up of finance ministers of the 17 euro-zone member countries. When asked whether he and his colleagues were slowly losing patience with Greece, he gave the curtest answer possible, saying only: "Yes."

http://www.spiegel.de/international/europe/0,1518,814939,00.html
The brain trust is out of ideas as the European union continues to careen towards the cliff. Yikes, this is going to hurt....Is everyone strapped in?
0 Replies
 
H2O MAN
 
  -1  
Reply Tue 14 Feb, 2012 07:57 am

Why does Obama want to raise the capital gains tax to 44%?

Why doesn't Obama know that every time the capital gains tax is raised
the capital gains tax revenue taken in by the government goes down?
H2O MAN
 
  -1  
Reply Tue 14 Feb, 2012 09:23 am

Obama wants to reduce private sector investments, he wants to kill off the
private sector... that's the only reason why he would raise taxes on capital
gains, it's to punish the private sector and kill off our capitalist economy.
0 Replies
 
JPB
 
  2  
Reply Tue 14 Feb, 2012 11:01 am
I am so sick of politics and politicians I could spit.

Quote:
... with just a few weeks left to go until the Feb. 28 deadline, the conference committee appears mired in stalemate, with disagreement falling along familiar fault lines. Democrats wish to impose new revenue-raising measures on the wealthiest Americans to finance the tax cuts and benefit extensions, while Republicans decry such efforts as tax hikes, and wish to find savings instead through budget cuts.

The GOP's maneuver on Monday is a bid to put Democrats on their heels, and push back against the narrative that President Obama has used to great effect, casting Republicans as having obstructed middle-class tax relief by playing politics. If Congress were to authorize the tax cut extension without offsets -- something for which Democrats have pushed -- Republicans would conceivably be able to deny responsibility for the failure of negotiations.

Pelosi herself has told reporters repeatedly that she does not believe the payroll tax cut should be paid for as it is an "emergency" program implemented during a down economy. Boehner admits in his statement that "this is not our first choice," which reflects the fact that many in the Republican conference, especially conservative members, believe that this tax cut, if it's done at all, should have its cost offset. The total cost of the 10-month extension is around $100 billion.

Because of that conservative opposition, the bill would likely need to rely on Democratic support to pass, putting Democrats in the tough position of being forced to vote for a tax cut they have been pushing Republicans to pass. More
spendius
 
  -1  
Reply Tue 14 Feb, 2012 11:22 am
@H2O MAN,
Quote:
Why does Obama want to raise the capital gains tax to 44%?

Why doesn't Obama know that every time the capital gains tax is raised
the capital gains tax revenue taken in by the government goes down?


As a low tax promoter H2O Mr Obama's proposal ought to get your approval.
0 Replies
 
cicerone imposter
 
  2  
Reply Tue 14 Feb, 2012 12:09 pm
@JPB,
What do you expect from the No Party? It's a wonder people still vote them into congress, then complain they're not doing a good job.
0 Replies
 
realjohnboy
 
  1  
Reply Tue 14 Feb, 2012 02:56 pm
Gasoline in France has apparently hit the equivalent of $8 a gallon. Factors involved include disruptions due to events in Nigeria, the ban on imports from Iran, and the decline in the value of the Euro. Some analysts predict $10 a gallon come summer.
On another thread, I think, H2O predicted that the price of gas in the U.S. would hit $5 a gallon by some unspecified date. That was later refined to $4 a gallon by May. The current average price hangs around $3.50 a gallon. That $4 a gallon would be equal to where the price was in the summer of 2008.
cicerone imposter
 
  1  
Reply Tue 14 Feb, 2012 03:01 pm
@realjohnboy,
Many countries already pay close to $10 a gallon. If France is impacted, so will most European countries.
0 Replies
 
 

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