47 percent say Obama hasn't change a thing, and 47 percent say Romney won't make a difference either.
I took the poll, I'm one of those 47 percent. I suspect that's how many identified themselves as independents. In any case, that 47 percent is right on both accounts.
History will show that the election of 2000 was the "point of no return" for our economy. Recall Clinton had created surpluses that Gore had promised to commit largely to addressing the social security and medicare trusts issues - not their deficits - all the IOUs. Instead, the money was committed to MASSIVE tax cuts for the wealthy and small piddances for the masses. The ensuing economic contraction was poorly masked by a "credit bubble" which was simply nothing more than a loan officer that just can't say no. The victim was the relationship between the land and the money, and with no relationship between the money and gold - well, as I said, 2000 will be remembered as the point of no return.
That is totally untrue. There WAS a surplus during Clinton's last TWO years in office. The "Clinton" recession you claim actually ocurred in 2002, one year into GW's term and about one year after his first budget which included his first round of tax cuts, which included the destruction of the surpluses. They disappears after the first GW tax cut - that's the historical FACTS - look it up.
Apparently, this person never heard of the dot com bust, a six trillion dollar hit to the stock market, not to mention 9/11. Those two events led to the Bush tax cuts to stave off a recession. It worked beautifully at the time. The cuts were across the board, exactly the same percent cut for every taxpayer, rich or poor. Likely it is those same tax cuts that are at least helping to keep us afloat now.
I guess the sooner the government implodes, regardless to whom wins the election, the sooner we can build a more perfect union, huh? I cannot wait, I am so tired of this hopeless mess.
"Lack of confidence in Obama: Nearly half of registered voters say they do not have confidence in the president to make decisions on the economy, which is overwhelmingly the most important issue for voters. Fifty-one percent are very or somewhat confident; 48 percent are not very or not at all confident. Romney has the confidence of 55 percent of registered voters for his economic decisions."
Thank you. Romney has at least held jobs that we know of. Obama has sealed all of his records and cannont seem to talk without a teleprompter. Romney should be able to do a great job getting our economy back on track.
The funniest part is that it really doesn't matter who gets elected. For the past 3 years the Fed has been lending money to banks at near 0% allowing banks to then buy govt bonds and collect the prevailing yeild - avg. of about 1.75% over that term I'd say. During some of this time, the lending was virtually unlimited. By printing money and then buying govt bonds, the Fed was actually helping to "save" taxpayer money by helping hold yeilds down. These activities represent economic stimulus at totally unsustainable levels with no rapid expansion in sight to let us believe the stimulus can be eased. In the absence of such an expansion, rapid removal of the stimulus as has been proposed will result in rapid collapse. The fact is both parties are right with respect to the doom scenarios they paint about the others plan. This situation is the worst case scenario for our form of democratic govt. - between a rock and a hard place.
We are definitely on track to hyperinflation. If printing money made a country wealthy then Zimbabawe would be the wealthiest country in the world. Marc Faber the economist said that.
davidd5063 April 18, 2012 7:35 PM EDT The only idiots who thinks the US housing market can be brought back by any president really doesn't have a clue that the idiot they voted for TWICE "screwed that pooch" TO DEATH! I actually hope the GOP wins control and totally destroys the economy this time - it's barely on life support now so one more tax cut for investor filth paid for by stealing from working people will just about finish it off. The GOP and the Dems who vote like them deserve to feel the pain they've caused everyone else over the past 30 years.
At the time, people thought it was great. Construction workers had jobs, people were moving into dream homes, banks and mortgage companies were making hoards of money, brokerage houses were making money, and those of us who bought homes were seeing tremendous increases in the value of our homes. Things were pretty rosy for awhile. Most people didn't anticipate trouble ahead in spite of warnings from some people about an impending bubble. Yet Bush called for controls on Fannie Mae and Freddie Mac. So how was Bush at fault?
Yeah, but did he warn them about Bear, Lehman, ALL the "former" investment banks, and AIG (the world's largest insurance company)? How dellusional can you be to think two govt loan GURANTEE issuers could bring down privately owned, privately controlled Wall Street?
Also, a question for the suposedly "working" members of the GOP. See I work in cities and often have to go downtown. If there's all this "welfare" and all these people living off of the taxpayers, why is there someone who hasn't bathed in months, barely able to speak, half-starved begging me for my half-ate lunch on every corner? You guys don't really work do you?
Second question. Did the $700B GW gave to the banks after he let them trash the economy actually do more good that all the half-ate lunches it could'a bought?
Do your share and give them your "half-ate" lunch. Why lay it on Republicans? People are responsible for their own actions. Being homeless is often one of those actions.
History shows that man, by his nature, will form societies of "have and have-nots" in which the haves control ever increasing portions of the wealth and the "have-nots" are driven further and further into an inhumane existence UNTIL violents revolution brings about a reset - nothing more than a reset - the history of man merely repeats.
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I took the poll, I'm one of those 47 percent. I suspect that's how many identified themselves as independents. In any case, that 47 percent is right on both accounts.
Funny your by newt was campaigning on that same surplus.
Uh-oh.
So name some that romney made. Seems everyone he made when he was governor never worked out.
The only idiots who thinks the US housing market can be brought back by any president really doesn't have a clue that the idiot they voted for TWICE "screwed that pooch" TO DEATH! I actually hope the GOP wins control and totally destroys the economy this time - it's barely on life support now so one more tax cut for investor filth paid for by stealing from working people will just about finish it off. The GOP and the Dems who vote like them deserve to feel the pain they've caused everyone else over the past 30 years.
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At the time, people thought it was great. Construction workers had jobs, people were moving into dream homes, banks and mortgage companies were making hoards of money, brokerage houses were making money, and those of us who bought homes were seeing tremendous increases in the value of our homes. Things were pretty rosy for awhile. Most people didn't anticipate trouble ahead in spite of warnings from some people about an impending bubble. Yet Bush called for controls on Fannie Mae and Freddie Mac. So how was Bush at fault?