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1 day ago.
by amos57usa
rshill7
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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

jaxspp and RS will disagree on something.

amos57usa will make some "thingy" remark that nobody pays much attention to.

Freeman will, of course, continue to stir every pot he comes across.

Happy New Year.

Posted 117 days ago.

Freeman

2015 will tell. My predictions are that crude oil prices will rise, curtailing some of the growth in consumer spending. Oil companies can't run rigs at a sub $60 per barrel price. They will close sites and the supply will dwindle.

Federal Reserve tapering will slow the equity markets' rate of growth and, possibly, even pull them back a bit.

Interest rates will, in fact, begin to tick upwards providing U.S. corporations and banks the incentive to stop sitting on cash and find more traditional ways to put it to work. Thanks Janet Yellen, (best appointment Mr. Obama has made).

The workforce rate of participation will start to increase. Not sure what sector the jobs are coming from yet.

The ACA will continue to adversely affect U.S. employers who will struggle to figure out a path forward.

Asia and Europe will look to the U.S. economy for a boost in global growth but it will not help them. Japan falls into recession. China grows more slowly. U.S. trade deficits reac

Posted 117 days ago.

Freeman

www forbes com/sites/kevinomarah/2014/12/10/productivity-and-the-economy-new-rules/

Maybe this would explain a "boom". I'm not convinced, but then again...??

Posted 117 days ago.

Freeman

Where are you seeing a "boom economy" jaxspp?

Please be specific.

Unemployment rate is down, (unadjusted for participation rate).

GDP is up, (with durable goods orders WAY below expectation for next quarter).

Stock market at all time highs, (Quantitative Easing).

New home sales slows for second straight month.

Existing home sales at six month low.

"Boom" is a ridiculous description of our economic status.

Posted 117 days ago.

Freeman

time com/money/3545780/federal-reserve-ends-quantitative-easing/

(LESS THAN CONSERVATIVE)

Posted 117 days ago.

Freeman

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

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

Posted 117 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 117 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 117 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 117 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 118 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 118 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 124 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 124 days ago.

Freeman

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

Posted 124 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 124 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 124 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 124 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 124 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 124 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 124 days ago.
 
 
 
 

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