Incorrect. It has been present in every society and economic system, successful or failed. Stop drinking the KoolAid. BTW, Wall Street, corporations and investing has led to all of the comforts you currently enjoy. If you would like to move back to Hunting and Gathering, no one's stopping you.
The Dow is at 13,000 because there is no where else to invest money. Banks pay at best 0.2%. Something has got to give - and the whole market will go "pop"
THis sounds like a campaign ad for Obama. Gallup just came out saying the unemployment rate will be back up to 9%. Price of gas is $4 and climbing due to the lack of energy policy of more drilling and no Keystone pipeline. Obama and the Dems have introduced more uncertainty into business growth with regulations and taxes. His new budget requires more taxes, more borrowing. He's passed more regulations costing more than 100 million than Clinton or Bush. His bailouts were aimed to help the unions his big backers. His support with loans to energy companies that are failing (4 now) was to payback those executives for their campaign support. He's violated the COnstitution with the healthcare bill, recess appointments and not enforcing the law of the land on immigration and prosecuting the New Black Panther party. This economy has a lot more pain to go through because of Obama. He needs to be voted out.
So since Gallup and others are negative about things, we should also be that way? Sure, let's keep the economy down just because... It really comes down to mindset. If you want to join all the doomsayers, then doom we will have. If everyone starts being positive, then things will come around. People will buy and hire and all that good stuff. jschmidt27... you and others like you are the real problem. Not a President, or any other boogeyman. YOU.
It's actually quite possible that we could make a profit on the auto bailout. Regardless, it profited our economy! The bailout was a good thing, just admit it you negative freak. You're just one of those guys who wants everything to look bad because of the black President. You people are so strange... Wanting us to fail. Go crawl under a rock somewhere and never come out again.
Energy policy? Straight from his State of the Union speech: "... nowhere is the promise of innovation greater than in American-made energy. Over the last three years, we've opened millions of new acres for oil and gas exploration, and tonight, I'm directing my administration to open more than 75 percent of our potential offshore oil and gas resources. Right now -- right now -- American oil production is the highest that it's been in eight years. That's right -- eight years. Not only that -- last year, we relied less on foreign oil than in any of the past 16 years.
"But with only 2 percent of the world's oil reserves, oil isn't enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy. A strategy that's cleaner, cheaper, and full of new jobs.
"We have a supply of natural gas that can last America nearly 100 years. (Applause.) And my administration will take every possible action to safely develop this energy. Experts believe this will support more than 600,000 jobs by the end of the decade. And I'm requiring all companies that drill for gas on public lands to disclose the chemicals they use. Because America will develop this resource without putting the health and safety of our citizens at risk."
THis sounds like a campaign ad for Obama. Gallup just came out saying the unemployment rate will be back up to 9%. Price of gas is $4 and climbing due to the lack of energy policy of more drilling and no Keystone pipeline. Obama and the Dems have introduced more uncertainty into business growth with regulations and taxes. His new budget requires more taxes, more borrowing. He's passed more regulations costing more than 100 million than Clinton or Bush. His bailouts were aimed to help the unions his big backers. His support with loans to energy companies that are failing (4 now) was to payback those executives for their campaign support. He's violated the COnstitution with the healthcare bill, recess appointments and not enforcing the law of the land on immigration and prosecuting the New Black Panther party. This economy has a lot more pain to go through because of Obama. He needs to be voted out.
Bailouts of the auto industry was the best investment this government made. Are you saying it would be great to lose manufacturing jobs? Are you saying it would be great for more people to be unemployed and more houses foreclosed on?
Thomas- the government will lose over 30 billion on that bailout. The stockholders and bondholders took a big hit losing everything. The companies got rid of their debt, pensions and union healthcare. No wonder the comapanies are doing better without the union anvil of benefits dragging them down. SO Obama wants to celebrate companies that are doing better after the union debts, pensions and healthcare were taken away. The bailout cost the tax payer too much and the unions should have taken more of a hit. THe UAW didn't even have to sell their money losing golf resort.
Everything is interconnected. When an industry in a city closes its doors the whole city is affected. Why do states give incentives for new industries to build in their state? My dad in the '70s said, "the economy does what the auto industry does." I'm seeing it in action right now. If you would remove your hate for unions and insert empathy for people, there would be a different perspective.
So since Gallup and others are negative about things, we should also be that way? Sure, let's keep the economy down just because... It really comes down to mindset. If you want to join all the doomsayers, then doom we will have. If everyone starts being positive, then things will come around. People will buy and hire and all that good stuff. jschmidt27... you and others like you are the real problem. Not a President, or any other boogeyman. YOU.
Molly, the keyboard you're typing on, the screen you're glued to, the speakers spouting the liberal talk radio you listen to, your green energy car - the creation and production of all were in some way assisted by a capital injection to the companies that brought them to market. How was much of that accomplished? Investment. Or in other words, people and businesses buying stock in businesses offering stock. I'll spell it slowly so you can understand: I-N-V-E-S-T-M-E-N-T. Please leave the deep thinking to the big kids and go back to your day time dramas.
President Barack Obama THAT'S why! When he took office this nation was in a tail spin the likes of which we had NOT seen in our Lifetimes and here we are after 3 years with the Market at 13,000. I wonder what he could have done with a Congress that wasn't trying to stab him in the back every half hour??
skyk, you make a point, albeit with a heavy hand. But it's true to a degree. For some reason, some are so bent on seeing Obama fail, the cost doesn't matter. Scary.
sky, he had a Democratic House AND Senate up his A$$ the first couple years, and we don't have to wonder what he could have done there - that's because we can just look back and see for ourselves.
And the production of money is of course the reason why gas prices are also going up. But you will not hear folks like Pelley mouthing these words on the air, no sireee. They've been told the major reason for high commodity prices many times. They've had their noses rubbed in it. But they are still either too dumb to understand, or too scared of losing their jobs.
ckp016c, What? You been living in a cave?? I remember WELL the fear I felt, as a retiree, when this President took office. I really thought we were going to slide into the Abyss! I don't EVER want to go THERE again.. thank you!!
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Selfish Greed has never worked in any society , anywhere , anyplace ,anytime
Even worse when Politicians endorse the " it's all about ME mentality "
It really comes down to mindset. If you want to join all the doomsayers, then doom we will have. If everyone starts being positive, then things will come around. People will buy and hire and all that good stuff.
jschmidt27... you and others like you are the real problem. Not a President, or any other boogeyman. YOU.
You people are so strange... Wanting us to fail. Go crawl under a rock somewhere and never come out again.
"... nowhere is the promise of innovation greater than in American-made energy. Over the last three years, we've opened millions of new acres for oil and gas exploration, and tonight, I'm directing my administration to open more than 75 percent of our potential offshore oil and gas resources. Right now -- right now -- American oil production is the highest that it's been in eight years. That's right -- eight years. Not only that -- last year, we relied less on foreign oil than in any of the past 16 years.
"But with only 2 percent of the world's oil reserves, oil isn't enough. This country needs an all-out, all-of-the-above strategy that develops every available source of American energy. A strategy that's cleaner, cheaper, and full of new jobs.
"We have a supply of natural gas that can last America nearly 100 years. (Applause.) And my administration will take every possible action to safely develop this energy. Experts believe this will support more than 600,000 jobs by the end of the decade. And I'm requiring all companies that drill for gas on public lands to disclose the chemicals they use. Because America will develop this resource without putting the health and safety of our citizens at risk."
My dad in the '70s said, "the economy does what the auto industry does." I'm seeing it in action right now. If you would remove your hate for unions and insert empathy for people, there would be a different perspective.
It really comes down to mindset. If you want to join all the doomsayers, then doom we will have. If everyone starts being positive, then things will come around. People will buy and hire and all that good stuff.
jschmidt27... you and others like you are the real problem. Not a President, or any other boogeyman. YOU.