Message 109 of 1554

How's this working for you?

Well here we are just 2 weeks away from Obama being President for 6 months and what do we have? We are now trillions of dollars in debt. Upwards of 10 trillion. Biden says duh we underestimated how bad things were, or was it all just rhetoric to get votes? Now he is talking of another stimulus package? We were not going to exceed 8% unemployment if we rushed and passed the stimulus, but wait a minute, unemployment is heading for 10% Where are all the jobs we were going to save or create? What does shovel ready mean anyway? We, all of us, are now part owners in the auto industry, the banks, the finance industry, Fannie and Freddie, insurance companies, and we have sent hundreds of billions to bail out banks in other countries.

I have asked before and no one has asnwered. Who pays for this and how? Now we are looking at health care and cap and trade.

So the question we have to ask is "is this the hope and change you signed up for?"
CapeC0d's profile
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"You know," said McCain, "there's been tremendous turmoil in our financial markets and Wall Street and it is -- people are frightened by these events. Our economy, I think, still the fundamentals of our economy are strong. But these are very, very difficult time. And I promise you, we will never put America in this position again. We will clean up Wall Street. We will reform government."

"I promise you we will never put America in this position again," McCain said. "This is a failure. We've got take every action to build an environment of robust energy supplies, lower inflation, control health care costs, access to international markets, low taxes and reduce burden of government to allow people to move forward toward a future of prosperity."

John McCain
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Charles1950's profile

5 months ago
The president in his first economic speech Jan 8, 2009 did say that the economy would probably get worse before it gets better. It took years to get into this mess. I don't think any intelligent person would surmise that it would only take 6 months to fix.

The first depression took 20 years to over come. But during that 20 years some progress gradually took hold. Economics is not an exact science. Especially on a Macro scale. That's why economist make " predictions ". I don't believe I heard the President boldly say that the economy would be ok in 6 months.

hows this working for me? Well I still have a job. So it must not be getting that much worse. That may change in a month, two months, or even 6 months. But for now I think the naysayers are grasping for any thing they can just because they have nothing else to hang their hats on.

But one observation is that the number of Obama bashings are getting less and less. Especially when another Republican leader bites the dust.
Which has been all too frequent of late.
Charles1950's profile

5 months ago






Charles1950's profile

5 months ago
who will pay for it

the people who pay their fair share on taxes

whealthy people do not pay their fair share

it is not a partisan issue
both parties made sure the wealthy will not pay taxes
they also made sure that corporate american will have incentives to outsource jobs, and those incentives are more than wht corporate taxes are

who to blame, the people that their prefer to be tha slaves of politicians
politicians raise their own salaries and benefits, based on the taxes taken from the people, and the people agree on those

some enjoy being slaves, others take the oportunity to be their masters

5 months ago
From NPR:
At the beginning of 2009, many Americans feared an economic depression was at hand. In January alone, U.S. employers slashed nearly three-quarters of a million jobs.

Now, as the year's second half begins, most economists are saying the worst of the recession is over, and that slow growth will begin in the fall.

"The hemorrhaging has peaked," said Bernard Baumohl, chief global economist for the Economic Outlook Group, a forecasting firm. "We're on the other side of the recession now."


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Pluto50's profile

5 months ago
to answer the question in the title

it is working great for me

each quarter i get more incetives to keep the jobs abroad
each quarter my sales go up

not only that, first quarter of 2009 my sales totales the same as in the whole year 2008
by this first hald i almost doubled the sales of 2008

it is working great, both parts
what i receive from the goverment, and what people do with their money

5 months ago
The hemorrhaging has peaked," said Bernard Baumohl, chief global economist for the Economic Outlook Group, a forecasting firm. "We're on the other side of the recession now."

If this is so why are they floating trial ballons about another 750.0 billion dollar stimulus? Why are we still losing record numbers of jobs? Why does the housing market continue to decline? My fear is that with all this spending the light at the end of the tunnel is an oncoming train and not the "end in sight."

Charles, what does what McCain had to say have anything to do with what is happening now? It's time that the Obama administration embrace these problems as their own and get over what other people have said. Remember it is them that have tripled the deficit since they took office. The question is not what does Rush or Hannity or the Huffington post think. It's "How is this working for you"? On a personal level my daughter and son in law are both laid off. My house which I've been trying to sell for 8 months has lost over 33% of its value. My taxes are going to keep going up and with cap and trade all our taxes will go up.

Never thought I'd say it but I wish Hillary were president instead of Obama.
CapeC0d's profile

5 months ago
why are we loosing jobs?

the goverment did not abolished the incetives to outsource jobs

the jobs that you are talking are american jobs, not the worldwide jobs corporations have
it is not obamas fault the laws that encourage outsourcing of jobs, it might be his fault not to try to abolish them

why de housing marked decline?
because previous it was a buble inclreacing the value of houses
not the corporate american got as much as posible of the middle class charging interest in morgaces for houses that worth much less than the selling price, it makes no sence to keep those values hight

the prices have to go down so the pewople will lose their homes, then after having the low wprice for a while, another buble will show up

the only fautl that you can blame this administration is the same you could blame the past one, not abolishing the laws that encourage and rewards corporations to outsurce jobs

5 months ago
Charles, what does what McCain had to say have anything to do with what is happening now? It's time that the Obama administration embrace these problems as their own and get over what other people have said. Remember it is them that have tripled the deficit since they took office. The question is not what does Rush or Hannity or the Huffington post think. It's "How is this working for you"? On a personal level my daughter and son in law are both laid off. My house which I've been trying to sell for 8 months has lost over 33% of its value. My taxes are going to keep going up and with cap and trade all our taxes will go up.

Never thought I'd say it but I wish Hillary were president instead of Obama.
Cape

Ok I'll stick to the script without using any links and none of the anti hyperbole you used in your opening thread. I can fence with one hand tied behind my back just fine.

How's it working for me personally. Just fine. In fact I'm up for a raise ( annual ) next month and my payroll tax has gone down. My wife ( nurse ) is also doing ok and we recently renegotiated our home loan through the stimulus which cut our payments by $600.00. My kids are working and doing well. In fact my youngest son got a new position on his job.
So for me it's working just fine. My fear is that....actually I don't have any fears. I'll leave that for the fear mongerers.

As for you wanting Hillary over OBama of that I am not surprised.
Charles1950's profile

5 months ago
I think that you only want President Obama to fail because he is a Democrat and, perhaps, because he is bi racial.

Our economy is in the mess it is in because of eight straight years of continuous tax cuts that made no sense. Our taxes are a huge source of revenue for our government. Not having those monies being paid into our government for eight straight years is one obvious cause of why our government had to borrow monies to keep afloat. Add to that the cost of the asinine invasion of Iraq (those costs were never even in the any national budget Mr. Bush sent to Congress) and the fact that while Mr. Bush was president no one in his administration bothered to watch what was going on and a crisis occurred.

Then we had an election and Mr. Obama became President Obama. Along with the job came the problems we have today. I have had to borrow money, go into debt, several times in my life to get my head back above water. Then I made the sacrifices I had to make and worked hard to pay off my debts. Any person who hasn't had to do this doesn't know spit about getting ahead or else they were born with silver spoons in their mouths. I am not an economist but I do know it takes money to make money and sometimes you have to borrow it. I also believe that the people making the decisions in this administration don't want things to get worse they want them to get better so I feel confident that what is going on is the right thing to do. Economies are living things and courses change as circumstances change. I believe our currant administration is being vigilant and am willing to try to understand why they are doing what they are doing, using my economic prowess gained from keeping my own house in order economically, rather than jump to conclusions and assume this administration is either full of dummies who have no idea what they're doing or else they are all a bunch of conniving crooks and really closet Muslims or Communists on a secret mission to give America to China.

I think you should be very irate, Cod. After all, President Obama has been on the job for six long months. Why the hell hasn't he straightened out this damn mess Mr. Bush got us into. What the hell is he doing pussyfooting around? I think President Obama should step down right now and you should get your butt in that chair in the Oval Office because it is more than obvious with your vast knowledge of world affairs and unending economic expertise you could undoubtedly solve all the problems in the world in a hell of a lot less time than six months.
trippin's profile

5 months ago
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