Here comes another recession
Nobama
Joined: Sep 2004
Posts: 6,961
Likes: 0
From: Sarasota, Florida
Dems and Reps are equally at fault for our mess and it has been building up steadily since the Great Depression, the last couple years and the bailouts most definitley did not help one bit though.
Partisanship is bullshit and any thinking person with half an eye on things should be able to see that and move forward. Our country right now is in peril of hyperinflation the same as the Weimar Republic, and yet our leaders (pres, congress and senate) instead of tackling the issue and making actual cuts went with baseline budget cuts that don't mean shit. We bleed about 211 trillion a year and take in a pittance of this, our spending goes up and our return remains the same or less.
Not sure about how your house runs but if I spend more than I make then I trim the actual fat. To cut 1.2t over 10yrs is a laughable offering at best since our scheduled rate of spending increase is 8% annually, do the math and you will realize we haven't even tipped the waiter a nickle for a steak dinner with that offer.
Every member of congress needs booted, the 2 party system has fucked us for too long and watching these morons play the blame game is only making the global market shakier because they are doing exactly what a 6yr old does. Now why don't we all grow the fuck up and work together to fix this mess or at least begin turning the wheel on the ship one direction or another.
Partisanship is bullshit and any thinking person with half an eye on things should be able to see that and move forward. Our country right now is in peril of hyperinflation the same as the Weimar Republic, and yet our leaders (pres, congress and senate) instead of tackling the issue and making actual cuts went with baseline budget cuts that don't mean shit. We bleed about 211 trillion a year and take in a pittance of this, our spending goes up and our return remains the same or less.
Not sure about how your house runs but if I spend more than I make then I trim the actual fat. To cut 1.2t over 10yrs is a laughable offering at best since our scheduled rate of spending increase is 8% annually, do the math and you will realize we haven't even tipped the waiter a nickle for a steak dinner with that offer.
Every member of congress needs booted, the 2 party system has fucked us for too long and watching these morons play the blame game is only making the global market shakier because they are doing exactly what a 6yr old does. Now why don't we all grow the fuck up and work together to fix this mess or at least begin turning the wheel on the ship one direction or another.
...Because working together got us the exact bullshit you describe?
un-Touch'd krew
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
OG
Joined: Dec 2000
Posts: 2,295
Likes: 2
From: Philly
The market sold off more after Obama spoke :rofl:
Seriously the reason the market's selling off is because:
- The government can't do much to stimulate the economy. More quantitative easing is a waste of money and the public hates it.
- Debt ceiling deal is BS
- Obama suggested no new solutions to the problem
- Since 1948 if GDP growth is below 2%, 2-3 months the nation goes into recession
- Europe is more fucked than we are
- Corporations like Cisco are focusing their growth in Emerging Markets(mostly Asia), not the US.
- Of the job being created in the US, the majority of them are in Retail or Food services.
- We can't cut interest rates any more
- There's no solution to address this clusterfuck
- Markets think Obama's an idiot.
Seriously the reason the market's selling off is because:
- The government can't do much to stimulate the economy. More quantitative easing is a waste of money and the public hates it.
- Debt ceiling deal is BS
- Obama suggested no new solutions to the problem
- Since 1948 if GDP growth is below 2%, 2-3 months the nation goes into recession
- Europe is more fucked than we are
- Corporations like Cisco are focusing their growth in Emerging Markets(mostly Asia), not the US.
- Of the job being created in the US, the majority of them are in Retail or Food services.
- We can't cut interest rates any more
- There's no solution to address this clusterfuck
- Markets think Obama's an idiot.
un-Touch'd krew
Joined: May 2001
Posts: 51,774
Likes: 1
From: My own level of hell
The market sold off more after Obama spoke :rofl:
Seriously the reason the market's selling off is because:
- The government can't do much to stimulate the economy. More quantitative easing is a waste of money and the public hates it.
- Debt ceiling deal is BS
- Obama suggested no new solutions to the problem
- Since 1948 if GDP growth is below 2%, 2-3 months the nation goes into recession
- Europe is more fucked than we are
- Corporations like Cisco are focusing their growth in Emerging Markets(mostly Asia), not the US.
- Of the job being created in the US, the majority of them are in Retail or Food services.
- We can't cut interest rates any more
- There's no solution to address this clusterfuck
- Markets think Obama's an idiot.
Seriously the reason the market's selling off is because:
- The government can't do much to stimulate the economy. More quantitative easing is a waste of money and the public hates it.
- Debt ceiling deal is BS
- Obama suggested no new solutions to the problem
- Since 1948 if GDP growth is below 2%, 2-3 months the nation goes into recession
- Europe is more fucked than we are
- Corporations like Cisco are focusing their growth in Emerging Markets(mostly Asia), not the US.
- Of the job being created in the US, the majority of them are in Retail or Food services.
- We can't cut interest rates any more
- There's no solution to address this clusterfuck
- Markets think Obama's an idiot.
Obama stating we need to extend unemployment or it will cost us 1 million jobs...ummm
And last but not least he also stated that we need to give tax cuts...to the unemployed
So the few potential solutions offered sound like they did some bong rips then brainstormed, sure it sounds good when you're high but sober its just dumb and doesn't instill any confidence at all in the elected officials who are charged with running this once great nation.
Oh and did anyone catch his comment about how we should be an AAAA rated nation? :rofl:
__________________
"I'll keep my money, guns and freedom. You can keep the "Change."
"I'll keep my money, guns and freedom. You can keep the "Change."
Joined: Oct 2000
Posts: 44,908
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From: Location Location
Live Free Or Die
Joined: Apr 2003
Posts: 2,388
Likes: 1
From: San Diego County