Showing posts with label economy. Show all posts
Showing posts with label economy. Show all posts
9/5/12
Are We Better Off Than Four Years Ago?
You’re Damn Right We’re Better off;
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| Click to enlarge The Party Of NO! |
‘How quickly we forget’ should be the theme of this year’s attacks on President Obama. Accomplish after accomplishment goes unrecognized and/or forgotten so the time has come to refresh your memory. Are we better off than we were four years ago? Simple answer is: You’re damn right we are.
(This list should be printed out and shared with every elderly person you know who doesn't have access to a computer because they STILL believe this is their fathers Republican Party!-Mem)
Hundreds of reasons listed! (The List)
12/7/11
I find all of the Presidents Speeches Brilliant But I Agree That This Might Be The Most Important....
07/12/2011 By
The President’s speech today in Osawatomie, Kansas — where Teddy Roosevelt gave his “New Nationalism” speech in 1910 — is the most important economic speech of his presidency in terms of connecting the dots, laying out the reasons behind our economic and political crises, and asserting a willingness to take on the powerful and the privileged that have gamed the system to their advantage. Here are the highlights (and, if you’ll pardon me, my annotations)
10/14/11
I don’t know if you meant to look pugnacious ....
Wed Oct 12, 2011 at 09:01 AM PDT
Open Letter to that 53% Guy
by Max Udargo
In the picture, you’re holding up a sheet of paper that says:
7/15/11
So it took the "Economist" all this time to figure it out....
SHAME ON THE REPUBLICANS:
Their Behavior Is "Economically Illiterate And Disgracefully Cynical"
Henry Blodget | Jul. 9, 2011, 7:53 AM
One of the most-respected and economically intelligent publications in the world, The Economist, has turned against the Republican party for its disgraceful behavior with respect to the US debt-ceiling negotiations.
1/31/11
The New Party? Where Are The Jobs?
Republicans accused of ignoring economy
Republicans won dozens of elections last fall after claiming Democrats had focused too little on creating jobs. Now GOP lawmakers stand accused of the same charge, using their new House majority to push to repeal the president's health care law, restrict abortions and highlight other social issues important to their most conservative supporters.
11/14/10
Just deposit mine with my SS check!
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The FixDear Mr. President,
Please find below my suggestion for fixing America 's economy. Instead of giving billions of dollars to companies that will squander the money on lavish parties and unearned bonuses, use the following plan.
9/9/10
The America I Believe In
President Obama: Sept. 08-10-Cleveland
A few weeks ago, the Republican leader of the House came here to Cleveland and offered his party’s answer to our economic challenges. Now, it would be one thing if he had admitted his party’s mistakes during the eight years that they were in power, if they had gone off for a while and meditated, and come back and offered a credible new approach to solving our country’s problems. (Video Included)
8/10/10
Reagan insider: 'GOP destroyed U.S. economy'
Share this with your Republican friends and family! Of course this man will be called a traitor because it is easier for them to hide their heads in the sand than to face the truth. It is easier to cover their eyes and pretend none of it happened than to admit they have been snookered by their party, and it never stopped! They hope beyond all hope that all Americans have closed their eyes to the greed and mismanagement of the Republican Party, but we haven't. They will be in denial, turn to fox for their nightly fix of lies so they can sleep better and dream of their guns and freedom. (It's like a nice glass of warm milk, but they don't realize it's spoiled because they are so plugged up from the stench of Corp greed that takes from the poor and gives to the rich) As they lose their homes, jobs and health they won't even realize that the wool over their eyes, now covers their entire body. They have fought for so long against their own self interest that they are comfortable being sheep and will lash out at anyone who dares point out that it is summer! They won't believe a word that this man says, even though he is one of them, but share it anyway!~MemPaul B. Farrell
Aug. 10, 2010, 12:45 a.m. EDT
Commentary: How: Gold. Tax cuts. Debts. Wars. Fat Cats. Class gap. No fiscal discipline
ARROYO GRANDE, Calif. (MarketWatch) -- "How my G.O.P. destroyed the U.S. economy." Yes, that is exactly what David Stockman, President Ronald Reagan's director of the Office of Management and Budget, wrote in a recent New York Times op-ed piece, "Four Deformations of the Apocalypse."
Get it? Not "destroying." The GOP has already "destroyed" the U.S. economy, setting up an "American Apocalypse."
Jobs recovery could take years
In the wake of Friday's disappointing jobs report, Neal Lipschutz and Phil Izzo discuss new predictions that it could be many years before the nation's unemployment rate reaches pre-recession levels.
Yes, Stockman is equally damning of the Democrats' Keynesian policies. But what this indictment by a party insider -- someone so close to the development of the Reaganomics ideology -- says about America, helps all of us better understand how America's toxic partisan-politics "holy war" is destroying not just the economy and capitalism, but the America dream. And unless this war stops soon, both parties will succeed in their collective death wish.
But why focus on Stockman's message? It's already lost in the 24/7 news cycle. Why? We need some introspection. Ask yourself: How did the great nation of America lose its moral compass and drift so far off course, to where our very survival is threatened?
We've arrived at a historic turning point as a nation that no longer needs outside enemies to destroy us, we are committing suicide. Democracy. Capitalism. The American dream. All dying. Why? Because of the economic decisions of the GOP the past 40 years, says this leading Reagan Republican.
Please listen with an open mind, no matter your party affiliation: This makes for a powerful history lesson, because it exposes how both parties are responsible for destroying the U.S. economy. Listen closely:
Reagan Republican: the GOP should file for bankruptcyStockman rushes into the ring swinging like a boxer: "If there were such a thing as Chapter 11 for politicians, the Republican push to extend the unaffordable Bush tax cuts would amount to a bankruptcy filing. The nation's public debt ... will soon reach $18 trillion." It screams "out for austerity and sacrifice." But instead, the GOP insists "that the nation's wealthiest taxpayers be spared even a three-percentage-point rate increase."
In the past 40 years Republican ideology has gone from solid principles to hype and slogans. Stockman says: "Republicans used to believe that prosperity depended upon the regular balancing of accounts -- in government, in international trade, on the ledgers of central banks and in the financial affairs of private households and businesses too."
No more. Today there's a "new catechism" that's "little more than money printing and deficit finance, vulgar Keynesianism robed in the ideological vestments of the prosperous classes" making a mockery of GOP ideals. Worse, it has resulted in "serial financial bubbles and Wall Street depredations that have crippled our economy." Yes, GOP ideals backfired, crippling our economy.
Stockman's indictment warns that the Republican party's "new policy doctrines have caused four great deformations of the national economy, and modern Republicans have turned a blind eye to each one:"
Stage 1. Nixon irresponsible, dumps gold, U.S starts spending bingeRichard Nixon's gold policies get Stockman's first assault, for defaulting "on American obligations under the 1944 Bretton Woods agreement to balance our accounts with the world." So for the past 40 years, America's been living "beyond our means as a nation" on "borrowed prosperity on an epic scale ... an outcome that Milton Friedman said could never happen when, in 1971, he persuaded President Nixon to unleash on the world paper dollars no longer redeemable in gold or other fixed monetary reserves."
Remember Friedman: "Just let the free market set currency exchange rates, he said, and trade deficits will self-correct." Friedman was wrong by trillions. And unfortunately "once relieved of the discipline of defending a fixed value for their currencies, politicians the world over were free to cheapen their money and disregard their neighbors."
And without discipline America was also encouraging "global monetary chaos as foreign central banks run their own printing presses at ever faster speeds to sop up the tidal wave of dollars coming from the Federal Reserve." Yes, the road to the coming apocalypse began with a Republican president listening to a misguided Nobel economist's advice.
Read More...9/14/08
ECONOMY MELTDOWN
Sam Stein-Huff-Sept. 14, 2008
GREENSPAN: This is the worst Economy I've ever seen!
Former Federal Reserve Chairman Alan Greenspan offered a woeful outlook of America's economic situation on Sunday, saying the crisis with the country's financial institutions was as dire as he had ever seen in his long career, and predicting that one or more of those institutions would likely collapse in the near future.
"Oh, by far," Greenspan said, when asked if the situation was the worst he had seen in his career. "There's no question that this is in the process of outstripping anything I've seen and it still is not resolved and still has a way to go and, indeed, it will continue to be a corrosive force until the price of homes in the United States stabilizes. That will induce a series of events around the globe which will stabilize the system."
Appearing on ABC's This Week, Greenspan would not definitively say whether the government should come to the rescue of Lehman Brothers, which has been forced to consider a possible sale after its stock shares plunged drastically this past week. Instead he called the situation surrounding the investment bank -- and the bailout that occurred this past spring of Bear Stearns -- as a "once in a half century, probably once in a century type of event."
The circumstances for Lehman may, as Greenspan noted, be different. Bloomberg News reported on Friday: "Rising speculation that Lehman Brothers Holdings Inc. may fail is generating less concern among investors than when Bear Stearns Cos. imploded in March."
Much of the issue, Greenspan added, was the trouble in the housing market, which he predicted would become stabilized by next year. Pressed by host George Stephanopoulos as to whether another major financial institution -- such as the struggling Washington Mutual, American International Group, or Merrill Lynch -- would fail in the interim, the former Fed chair responded in the affirmative.
"I suspect we will [see one fail]," he said, "but in and of itself that does not need to be a problem. It depends on how it's handled and how the liquidations take place. And, indeed, we shouldn't try to protect every single institution. the ordinary cost of financial change has winners and losers."
In light of these dynamics, Greenspan noted that the government was left with tough decisions: which institutions are "so fundamental to the functioning" of society that they demanded a federal safety net? Earlier in the week, the former fed chairman noted that such choses extended to tax policy as well. In an interview with Bloomberg Television, Greenspan argued that the country couldn't afford the tax cuts being proposed by John McCain without an equally massive reduction in spending.
"I'm not in favor of financing tax cuts with borrowed money," he said. "I always have tied tax cuts to spending."
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