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3 days ago.
by amos57usa
rshill7
#1

Letters To Ed :-)

"We've been duped by the Republicans. Kentucky Sen. and minority leader Mitch McConnell in a news conference one day after the election, stated that the single and sole goal of the GOP over the next two years is: to make Barack Obama a single term president. What an arrogant and obnoxious goal and statement. There agenda before the election was to get votes by promising that there first goals were jobs, the economy and health care reform. It seems their goal is to grab power, not to do things for the people that are in need of jobs and or unemployment pay, health care for those that don't have it, and the people losing their homes. This is the same party that wanted the auto plants and their suppliers to go out of business. We are just coming back from what they did to this country, and now we have them back to do the same things to our country again. What a mess the next two years is going to bring to this country. Talk about partisanship." Carl D. Leow Rogers Cit

 
 

Member Comments

Freeman

www heritage org/research/commentary/2014/12/ease-up-on-easing

Another good read at the Heritage Foundation, (CONSERVATIVE).

Posted 32 days ago.

Freeman

It all comes down to the idea that sound business policies need to be mandated, not social justice policies that force risk to be born by the taxpayer, (more precisely the middle class).

Posted 32 days ago.

Freeman

The car was driven into the ditch by a housing bubble that was inevitable based upon the lending requirements promoted by both parties, and driven by the GSE's scramble to adhere to ever loosening lending requirements mandated by HUD.

In 2008, Bank of America reported that its CRA portfolio, which constituted only 7 percent of its owned residential mortgages, was responsible for 29 percent of its losses. HMMM?

I'm not trying to hate on Obama, jaxspp, it's government bureaucracy that has run amok.

fivethirtyeight com/features/why-the-housing-bubble-tanked-the-economy-and-the-tech-bubble-didnt/

Another very enlightening perspective.

Posted 32 days ago.

Freeman

Jaxspp. I'm not making myself clear; that's my fault.

www heritage org/research/commentary/2014/12/the-united-states-of-debt

Stephen Moore has written a very fair piece on the issues that most conservatives have with what has gone on in the past decade.

By the way, just because I feel that the President is a poor leader and misguided in his policy agendas does not mean that I "hate" him.

That's just childish.

Posted 32 days ago.

Once you learn that what Obama inherited was the second worse economic crash in American history, which you obviously have completely forgotten, you will understand there was no instant fix and recovery as you expected Obama to do. Whatever with you, go enjoy your thriving business and preach your glass half empty sermon, The Real World isn't buying it.

Posted 33 days ago.

I feel sorry for Fact-Free now. His hatred for Obama is so great he is choosing to preach doom and gloom instead of recognizing what is turning into a boom economy. But it's what we have laughed about with Free all these years. Bush put the car into a ditch then guys like Fact-free whine Obama did not pull it out fast enough. And why haven't you manned up and admitted your business is thriving? Hatred for Obama stops you.

Posted 33 days ago.

Freeman

Please also consider that the fed rates are still very, very low. What does that mean? Organic GDP increases are not what is happening. I'll expand on that if you want me to. Equity markets are, in my opinion, hugely over valued based upon almost free money. (Simplistic but accurate).

Durable goods numbers are not looking good moving forward, and could virtually wipe out the promising 5% number that we are seeing reported.

There are still MAJOR problems with our economy that the administration and congress have not addressed.

Posted 39 days ago.

Freeman

Please review the U.S. Bureau of Economic Analysis' chart of U.S. GDP Growth Rate 1970 to 2014. The numbers are clear.

Posted 39 days ago.

Freeman

It's like calling a single Detroit Lions winning season a "dynasty".

Posted 39 days ago.

Freeman

The 5% annualized rate of growth is just about where it should have been all along jaxspp.

Are you understanding that concept. One year's growth rate in a 6 year recovery is not a success.

Posted 39 days ago.

Freeman

"What Obama's Growth Recession Is Stealing From Your Wallet" Forbes Magazine May, 2014

This article describes what's actually happening pretty well. It is not an Obama hit piece but lays specific blame on federal policy since 2000.

Posted 39 days ago.

Freeman

There are more people on assistance than at any time in our history.

The workforce has shrunk. The unemployment rate is a reflection of failure, not success when you look at the actual numbers.

The federal government has doubled the national debt to $18 trillion.

The direction of the country is messed up and I don't see much change coming with the new republican House and Senate based upon the "Cromnibus" spending bill they just passed.

Posted 39 days ago.

Freeman

jaxspp, took long enough?

Come on man. Growth coming out of such a deep recession should have been 4% or higher each year.

Can you set the bar any lower?

You can attempt to spin all you want but the policy initiatives have failed. Pure and simple.

The economy's "growth ceiling" was very high and the actual rate was horrific. The rich got richer off of Fed policy and the poor got poorer. The middle class took the brunt again.

Please look at the cycle as a whole, not just a couple of numbers that government supporters pick. I think you're smarter than that.

Posted 39 days ago.

Fact-Free: "The policy initiatives put forth by the current administration have put a lid on economic recovery".

Economic growth announced today 5%, highest since 2003.

Thanks for your input, FF.

Posted 39 days ago.

amos57usa

freem..Yep the republican gas tax hurts the middle class . Regressive taxes are very republican. Bush bailed out GM and gave me more stimuli but guessing is for the econ people. Econ bores me ****less and has little meaning for this old hermit. You avoided completely what matters; my assisted suicide team.

Posted 39 days ago.

Freeman

The policy initiatives put forth by the current administration have put a lid on economic recovery. I don't know of anyone who disputes that.

ACA, Cap and Trade / EPA, "all of the above" energy policy, (as long as it's not fossil fuels), Federal Reserve policy,,,, I could go on and on.

My point is this, the current administration's policy initiatives might have been fine IF the economy was in good shape and could absorb the damage.

So, in short, we are not "back" amos57usa. There is a long way to go. The middle class is getting hammered at every turn. The incentives to create and grow a business are outweighed by the demands of the government, pure and simple.

The business of America is no longer business; the business of America has become conforming to the demands of the federal authority.

Posted 40 days ago.

Freeman

I think you'd better go back and investigate what financial mechanisms caused the 2008 crash amos57usa. I know it's easy to blame Bush but it goes back way before him.

I'm guessing that you are giving credit to President Obama due to the Stimulus and the "saving of the auto industry".

The problem is, amos, that neither of those initiatives have generated growth. Thew were short term band-aids.

The U.S. economy is not in good shape and that is evidenced by the booming stock market and the abysmal job growth. Fed policies have created an environment wherein investments are limited to equity markets, leaving a huge whole in new investment in commerce. Add the ACA and all of it's uncertainty and there you have it.

Smallest work force in almost 40 years, the DOUBLING of the national debt to $18 trillion and a very weak position internationally.

Posted 40 days ago.

amos57usa

freem...You meant the Bush Great Recession left us in fiscal difficulty. Thanks to Barry we are back. Now when will I get to select my assisted suicide team. I don't want to drool in my diaper in a nursing home waiting for the Great Sky Fairy to take me.

Posted 41 days ago.

Freeman

Keep in mind that the voters have to approve of the tax hike. I think 6% is high enough. I'd prefer the gas tax and a statutory mandate that it be spent on infrastructure.

Posted 43 days ago.

Freeman

Last time I looked, amos57usa, the State of Michigan was running a surplus. I am not sure why there has to be a tax hike to fix roads unless there are statutory restrictions on how the surplus is to be allocated.

Gov. Granholm left us a huge budgetary shortfall. Nobody wants to invest in a state that is financially failing.

I'd be curious as to why the surplus is not being allocated to infrastructure.

Posted 43 days ago.
 
 
 
 

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