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A question for Seaoat, Sal, bds and other liberal democrats

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Joanimaroni
Sal
Hospital Bob
7 posters

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Hospital Bob

Hospital Bob

Median Household Income has gone from $55,871 in Jan 2009 (when Obama took office) to $54,045 today.

Is that one of Obama's economic indicators to prove that we're much better off today than when he took office (as he said in the 60 Minutes interview)?

And please, if you're only response to the question is that I'm a fence-sitter who eats milk duds and puts dressers in front of my door, that's not an actual response to my question. It will be just another ad hominem.


Guest


Guest

We have record numbers of people on welfare too which I have pointed out yet seabass wants to tell us the poverty rate is down.

Hospital Bob

Hospital Bob

In Jan, 2009 when Obama took office, 31.9 million people were needing food stamps.
Today 46.49 million people are needing food stamps.
That's a 50% increase in food stamp recipients since Obama took office.

Sal

Sal

We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

Hospital Bob

Hospital Bob

Sal wrote:We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

That painfully slow and uneven economic recovery is following a real estate bubble and Wall Street's attempts to cash in on it. A real estate bubble and Wall Street's attempts to cash in on it which were promoted by BOTH democrat and republican politicians.

Guest


Guest

And I see nothing wrong with obstructing extreme keynesian economic and progressive social interventions...

even if the right supports them when they are in power. Gridlock is sometimes the only thing we can hope for.

Guest


Guest

Sal wrote:We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

You had total control of Congress from 2008 to January 2011. You screwed the pooch by ignoring the economy and pushing forth social issues and Obamacare which caused your party to lose the House. They will lose the Senate in another six weeks.

With record numbers of people on welfare and 25% of those in the age 25-54 demographic OUT OF WORK, there isn't a damn recovery happening.

Joanimaroni

Joanimaroni

Bob wrote:
Sal wrote:We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

That painfully slow and uneven economic recovery is following a real estate bubble and Wall Street's attempts to cash in on it.  A real estate bubble and Wall Street's attempts to cash in on it which were promoted by BOTH democrat and republican politicians.


Oh please Bob, just roll over and play dead. It's the republicans fault. When Boards shows up he will post some mathmatical grafts to prove it. FT will copy paste 10 or more paragraphs blaming Bush. Seaoat will post a nonsensical analogy and blame the scardy cats. Now eat your milk duds.

Floridatexan

Floridatexan

Sal wrote:We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

cheers cheers cheers cheers cheers

Hospital Bob

Hospital Bob

Joanimaroni wrote:
Bob wrote:
Sal wrote:We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

That painfully slow and uneven economic recovery is following a real estate bubble and Wall Street's attempts to cash in on it.  A real estate bubble and Wall Street's attempts to cash in on it which were promoted by BOTH democrat and republican politicians.


Oh please Bob, just roll over and play dead. It's the republicans fault. When Boards shows up he will post some mathmatical grafts to prove it. FT will copy paste 10 or more paragraphs blaming Bush. Seaoat will post a nonsensical analogy and blame the scardy cats.     Now eat your milk duds.

Actually the unlimited home ownership and easy mortgages were promoted and helped along by both Bush and the democrats in Congress.
I don't need to give you examples of how the democrats supported that foolishness.  But this is the indisputable positive proof that Bush also supported it...



All those democrat and republican politicans helped enable that real estate bubble to win over voters.
And to appease Wall Street.

No different that it was both republicans and democrats who signed off on the Iraq invasion and occupation.
And every one here keeps telling me I need to get off the fence and love one of these political parties and hate the other.  Because that's the only way my IQ can be higher than a toaster.  lol

Floridatexan

Floridatexan

PACEDOG#1 wrote:
Sal wrote:We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

You had total control of Congress from 2008 to January 2011. You screwed the pooch by ignoring the economy and pushing forth social issues and Obamacare which caused your party to lose the House. They will lose the Senate in another six weeks.

With record numbers of people on welfare and 25% of those in the age 25-54 demographic OUT OF WORK, there isn't a damn recovery happening.

That is a blatant lie. Democrats NEVER had control of Congress. Despite the track record of the GOP, the President did try to reach some kind of accord, apparently failing to grasp that the GOP is full of crooks and lackeys so hellbent on keeping power that they don't care who is hurt by their policies...witness the Senate filibusters and failure to approve nominees...the Hastert rule in the House...the constant threat and then the reality of government shutdowns...the birthers...the accusations that people on the left viewed Obama as the "messiah"...the 24/7/365 lie machine that is FAUX NEWS. The right-wing agenda has been, since January, 2009, to undermine every effort of Obama to improve the lot of the majority of people in this country...with no regard whatever to the harm done to our citizens.

Joanimaroni

Joanimaroni

Bob wrote:
Joanimaroni wrote:
Bob wrote:
Sal wrote:We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

That painfully slow and uneven economic recovery is following a real estate bubble and Wall Street's attempts to cash in on it.  A real estate bubble and Wall Street's attempts to cash in on it which were promoted by BOTH democrat and republican politicians.


Oh please Bob, just roll over and play dead. It's the republicans fault. When Boards shows up he will post some mathmatical grafts to prove it. FT will copy paste 10 or more paragraphs blaming Bush. Seaoat will post a nonsensical analogy and blame the scardy cats.     Now eat your milk duds.

Actually the unlimited home ownership and easy mortgages were promoted and helped along by both Bush and the democrats in Congress.
I don't need to give you examples of how the democrats supported that foolishness.  But this is the indisputable positive proof that Bush also supported it...



All those democrat and republican politicans helped enable that real estate bubble to win over voters.
And to appease Wall Street.

No different that it was both republicans and democrats who signed off on the Iraq invasion and occupation.
And every one here keeps telling me I need to get off the fence and love one of these political parties and hate the other.  Because that's the only way my IQ can be higher than a toaster.  lol


Add President Clinton to the long list of people who deserve a share of the blame for the housing bubble and bust. A recently re-exposed document shows that his administration went to ridiculous lengths to increase the national homeownership rate. It promoted paper-thin downpayments and pushed for ways to get lenders to give mortgage loans to first-time buyers with shaky financing and incomes. It’s clear now that the erosion of lending standards pushed prices up by increasing demand, and later led to waves of defaults by people who never should have bought a home in the first place.

President Bush continued the practices because they dovetailed with his Ownership Society goals, and of course Congress was strongly behind the push. But Clinton and his administration must shoulder some of the blame.

Sal

Sal

Fannie and Freddie didn't originate any of the bad loans.

That was done by deregulated, private companies to make a quick buck.

Almost all of the crimes committed to inflate the housing bubble were committed by the originators, the appraisers, the rating agencies, and the investment banking firms that packaged the subprime mortgage-backed securities.

The FBI found that over 80% of all reported fraud losses arise from fraud for profit schemes that involve industry insiders.

So much for market discipline and self-policing.

And, who decided to deregulate these fraudsters?

There's a lot of blame to go around, but you can look first to Phil Gramm and Alan Greenspan.

Blaming the financial collapse on the poorz is just a fucking joke.


Hospital Bob

Hospital Bob

for joani,

I said it was "democrat and republican" politicians,  the ones with IQ's higher than a toaster, who fucked us.
Correct me if I'm wrong,  but Clinton had an IQ "higher than a toaster" just like the rest.

Hospital Bob

Hospital Bob

Sal wrote:

Blaming the financial collapse on the poorz is just a fucking joke.


No they were also to blame for wanting to live beyond their means.

But according to you and seaoat and paul krugman and idiots who live in Greece,  debt which cannot be paid back is a wonderful thing.  lol

Hospital Bob

Hospital Bob

The day we started putting politics and greed ahead of arithmetic was the beginning of our downfall.

Guest


Guest

http://www.jekyllislandhistory.com/federalreserve.shtml

Sal

Sal

Bob wrote:

No they were also to blame for wanting to live beyond their means.


Yah ...

Those conniving ne'er-do-wells all got together and strong-armed those innocent and gullible investment banks to engineer subprime mortgages into highly leveraged securities.

Then they bamboozled all manner of hedge funds and pension funds and financial institutions into buying those worthless products.

And, just for good measure, those beggarly scofflaws then convinced bond-rating agencies to misrepresent the risk associated with those securities.

Makes sense to me.

I'll have some of whatever it is that you're smoking.

2seaoat



It is simple. Reagan's economic policies set in motion structural changes to our economy. He Tripled the debt under his presidency. lowered tax rates which allowed historical reinvestment in America to minimize taxes to become a stampede to take 60k factories from our shores and maximize profit and capital accumulation with little or not tax consequence. President Obama has tried unsuccessfully to correct those structural changes by increasing the tax rate on the 1%.

Please look at the median income trend which began dropping under President Reagan and continues to this day. I would make the analogy of the captain of the titanic running the ship into the iceberg, and then blowing his brains out when he realized the ship was sinking, and then blaming the second in command that the ship was taking water under his command.

Hospital Bob

Hospital Bob

Sal wrote:

Those conniving ne'er-do-wells all got together and strong-armed those innocent and gullible investment banks to engineer subprime mortgages into highly leveraged securities.

Then they bamboozled all manner of hedge funds and pension funds and financial institutions into buying those worthless products.

And, just for good measure, those beggarly scofflaws then convinced bond-rating agencies to misrepresent the risk associated with those securities.

Makes sense to me.

I'll have some of whatever it is that you're smoking.[/font]

See,  it doesn't matter if it's the religious fanatics or the political fanatics,
you folks who have IQ's higher than the toaster all have something in common,  Sal.
The religious fanatics have their gods and their devils.  One gets credit for everything and the other gets the blame for everything.
Same with you political fanatics.
The republicans and the Wall Street crowd are your devils.  And the stupid sons of bitches who thought they could own houses on a minimum wage income are your gods.  
ALL the blame has to be put on one.  And the other gets to escape any and all blame.
And your counterparts on the right,  with the same IQ's higher than a toaster,  do the same thing.  Only their gods and devils are the reverse of what yours are.

Guest


Guest

by Floridatexan Today at 10:54 am
PACEDOG#1 wrote:

Sal wrote:

We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

You had total control of Congress from 2008 to January 2011. You screwed the pooch by ignoring the economy and pushing forth social issues and Obamacare which caused your party to lose the House. They will lose the Senate in another six weeks.

With record numbers of people on welfare and 25% of those in the age 25-54 demographic OUT OF WORK, there isn't a damn recovery happening.

That is a blatant lie. Democrats NEVER had control of Congress. Despite the track record of the GOP, the President did try to reach some kind of accord, apparently failing to grasp that the GOP is full of crooks and lackeys so hellbent on keeping power that they don't care who is hurt by their policies...witness the Senate filibusters and failure to approve nominees...the Hastert rule in the House...the constant threat and then the reality of government shutdowns...the birthers...the accusations that people on the left viewed Obama as the "messiah"...the 24/7/365 lie machine that is FAUX NEWS. The right-wing agenda has been, since January, 2009, to undermine every effort of Obama to improve the lot of the majority of people in this country...with no regard whatever to the harm done to our citizens.
------
When Obama was elected Dems had both
Houses of Comgress. It's a freaking fact. That is how Obamacare was passed in 2010 and by passing it over the objections of everyone before the bill was read caused Dems to lose the house in the 2010 elections. Don't worry you'll lose the Senate this election.

Floridatexan

Floridatexan

A question for Seaoat,  Sal,  bds and other liberal democrats 1213307968-xlarge

"...This chart plots income inequality, measured as the ratio between the average income of the top 0.01% of U.S. families, compared to the bottom 90% (that would be most of us at DU). Note that preceding the great stock market crash of 1929, which plunged us into depression, the ratio rose from about 250 at the start of the 1920s to a peak of about 900 by 1929. The ratio then plunged, and by the start of WW II it had declined to about 200, where it remained with some relatively minor ups and downs until the beginning of Ronald Reagan’s Presidency. It then began another precipitous climb, with a sharp decline beginning during the last year of Clinton’s Presidency, but then another sharp increase beginning at about the time that the Bush tax cuts for the wealthy first went into effect, so that by the end of 2006 we’ve exceeded even the peak ratio of 1929 that preceded the Great Depression. The three green bars in the chart represent the stock market crash of 1929, the last pre-Reagan year, and the present. Scary stuff! Not much “upside” there! It is also relevant to note that below the above noted graph is another graph, titled “Our Incredible Shrinking Top Marginal Rate”, which shows a trend that is approximately the inverse of the above noted graph..."

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3499029

Floridatexan

Floridatexan

PACEDOG#1 wrote:by Floridatexan Today at 10:54 am
PACEDOG#1 wrote:

Sal wrote:

We're in the middle of a painfully slow and uneven economic recovery that is happening despite the Republican's constant and concerted efforts to hinder it.

That it's happening at all, in light of the unprecedented and treasonous obstructionism, is testament both to the American economy's resilience and President Obama's leadership.

You had total control of Congress from 2008 to January 2011. You screwed the pooch by ignoring the economy and pushing forth social issues and Obamacare which caused your party to lose the House. They will lose the Senate in another six weeks.

With record numbers of people on welfare and 25% of those in the age 25-54 demographic OUT OF WORK, there isn't a damn recovery happening.

That is a blatant lie. Democrats NEVER had control of Congress. Despite the track record of the GOP, the President did try to reach some kind of accord, apparently failing to grasp that the GOP is full of crooks and lackeys so hellbent on keeping power that they don't care who is hurt by their policies...witness the Senate filibusters and failure to approve nominees...the Hastert rule in the House...the constant threat and then the reality of government shutdowns...the birthers...the accusations that people on the left viewed Obama as the "messiah"...the 24/7/365 lie machine that is FAUX NEWS. The right-wing agenda has been, since January, 2009, to undermine every effort of Obama to improve the lot of the majority of people in this country...with no regard whatever to the harm done to our citizens.
------
When Obama was elected Dems had both
Houses of Comgress. It's a freaking fact. That is how Obamacare was passed in 2010 and by passing it over the objections of everyone before the bill was read caused Dems to lose the house in the 2010 elections. Don't worry you'll lose the Senate this election.

http://cjonline.com/blog-post/lucinda/2012-06-01/no-obama-did-not-control-congress-his-first-two-years

I've already posted this link, but you apparently didn't read it or just don't want to believe what you see, even though it's backed up with facts. There may have been a 4-month window where you could say Democrats had control...until the fake Tea Party rebellion. Other than that, Republicans have been running the Congressional show, using every trick in the book to stop the economic recovery and therefore try to regain the White House.

ZVUGKTUBM

ZVUGKTUBM

2seaoat wrote:It is simple.  Reagan's economic policies set in motion structural changes to our economy.  He Tripled the debt under his presidency. lowered tax rates which allowed historical reinvestment in America to minimize taxes to become a stampede to take 60k factories from our shores and maximize profit and capital accumulation with little or not tax consequence.  President Obama has tried unsuccessfully to correct those structural changes by increasing the tax rate on the 1%.

Please look at the median income trend which began dropping under President Reagan and continues to this day.  I would make the analogy of the captain of the titanic running the ship into the iceberg, and then blowing his brains out when he realized the ship was sinking, and then blaming the second in command that the ship was taking water under his command.  
No doubt, it all started with Ronal Reagan. I wish I had never voted for him. He sold us a bill of goods and got us hooked on money borrowed from the future to fund a false prosperity in the present. We should have bitten the bullet in the 80s and dug ourselves out of our problems without kicking the can at the future, which is now. It would have been both painful and costly, but not nearly as costly as it is going to be when that can can't be kicked any further.

http://www.best-electric-barbecue-grills.com

Guest


Guest

Those mental gymnastics to rename something... as if that means anything... are funny. Carry on Comrade..!!

( psst... that's not normal)

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