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The economy is improving (pg. 10)
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| Nrg2Nfinit |
| quote: | Originally posted by Max Thomson
right, because you folk down under know SO MUCH about the crumbling American empire. let me tell you, I live in the midwestern united states where the effects of this dreadful economic clusterf*ck aren't boiled down to a single keyword bernanke drops on national tv, or something you read about it on some newfangled economist blog. no, its a brutish reality defined by urban decay, open-air drug markets, and a lack of basic services for an inordinate amount of people. all this in the most wealthiest country in the world, so don't tell me about the green shoots, come here and go to Indiana and tell me how much the economy is improving. |
if you don't like indiana then leave.. you remind me of those stupid union workers |
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| pkcRAISTLIN |
| quote: | Originally posted by Max Thomson
right, because you folk down under know SO MUCH about the crumbling American empire. let me tell you, I live in the midwestern united states where the effects of this dreadful economic clusterf*ck aren't boiled down to a single keyword bernanke drops on national tv, or something you read about it on some newfangled economist blog. no, its a brutish reality defined by urban decay, open-air drug markets, and a lack of basic services for an inordinate amount of people. all this in the most wealthiest country in the world, so don't tell me about the green shoots, come here and go to Indiana and tell me how much the economy is improving. |
Why would an improving economy make a hole no longer a hole? |
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| The17sss |
| quote: | Originally posted by pkcRAISTLIN
I don’t know why I bother sometimes :rolleyes: either you're really stupid, deliberately ignoring the point, or you're really really stupid.
if you had the first clue about what i was talking about then you would know the answer to this question is an unreserved "yes". |
If there are positive signs of economic improvement, it is in spite of Obama's direction, not because of it. I get what you're saying though.... it's just juvenile to continue to blame Bush for everything. |
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| The17sss |
| quote: | Originally posted by Joss Weatherby
Gotta spend money to make money, sadly we are embroiled in two massive and expensive wars, that even though they are winding down now have persisted for 8 years, almost as long as major combat operations in Vietnam. |
This is true- about needing to spend money to make money. However, the spending (and borrowing) is increasing much more rapidly than the amounts of money coming in. One would think making the appropriate cuts would help move towards a balance. We as citizens are expected to cut back, but government refuses to make any cuts and do the same. |
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| Krypton |
| quote: | Originally posted by Max Thomson
legalize it, problem solved.
oh and the next time you make another one of your politically charged threads that ultimately turns into a semantics debate over economic policy or a bipartisan pissing contest, put it in the political forum, where it belongs |
Goddamn, do you bitch a lot. |
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| Krypton |
| quote: | Originally posted by The17sss
If there are positive signs of economic improvement, it is in spite of Obama's direction, not because of it. I get what you're saying though.... it's just juvenile to continue to blame Bush for everything. |
Ha! Bush's fumbles will affect us for years to come. |
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| pkcRAISTLIN |
| quote: | Originally posted by The17sss
If there are positive signs of economic improvement, it is in spite of Obama's direction, not because of it. I get what you're saying though.... it's just juvenile to continue to blame Bush for everything. |
Well im not, im just highlighting the fact that you’re much MUCH louder in denouncing obama’s measures during the crème de la crème of financial crises, than you were when bush made plenty of unforgivable economic errors during a period of relative stability, growth and prosperity.
His Medicaid promise to the American people (perhaps just seniors? I forget) regarding the subsidisation of medication will be a cost to the taxpayer FOREVER, and it will be a cost that increases every single year. Now, not that I have a problem with subsidised pharmaceuticals, but you’ve gotta have a way to pay for it.
His tax cuts whilst increasing spending is also something worth noting. He rubber-stamped just about every spending measure from congress.
Now, im sure as hell not blaming bush for the economic meltdown, but a sizeable portion of the deficit IS his fault, and he doesn’t have the economic catastrophe to mitigate that fact beyond his TARP measures (of which I am in total support). |
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| The17sss |
| quote: | Originally posted by Krypton
Ha! Bush's fumbles will affect us for years to come. |
To a degree, perhaps. But not nearly as much as Clinton's multi-cultural obsessed administration that brought us the wonderful "Community Reinvestment Act"... the true culprit of the housing bubble and the Fannie/Freddie debacle, forcing banks to lend money to s that couldn't pay it back. |
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| The17sss |
| quote: | Originally posted by pkcRAISTLIN
Well im not, im just highlighting the fact that you’re much MUCH louder in denouncing obama’s measures during the crème de la crème of financial crises, than you were when bush made plenty of unforgivable economic errors during a period of relative stability, growth and prosperity.
His Medicaid promise to the American people (perhaps just seniors? I forget) regarding the subsidisation of medication will be a cost to the taxpayer FOREVER, and it will be a cost that increases every single year. Now, not that I have a problem with subsidised pharmaceuticals, but you’ve gotta have a way to pay for it. |
Dude I'm with you on that. You forget that I haven't been on TA for more than about 15 months... so if you didn't hear me going bananas on Bush it was only because I wasn't around.
| quote: | | His tax cuts whilst increasing spending is also something worth noting. He rubber-stamped just about every spending measure from congress. |
As I said on page 2 of this thread, look what happened during Bush's term... tax cuts spurred activity and crazy investment/growth. As a result, the tax revenue to the government was the highest in 20+ years, and corporations paid more in taxes to the govt. than ever. Look where that graph is today.
| quote: | | Now, im sure as hell not blaming bush for the economic meltdown, but a sizeable portion of the deficit IS his fault, and he doesn’t have the economic catastrophe to mitigate that fact beyond his TARP measures (of which I am in total support). |
A sizeable portion, yes... I'm definitly not disagreeing. However, if Bush is to be blasted, please give it equally to Obama... he has quadrupled Bush's deficit already. |
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| pkcRAISTLIN |
| quote: | Originally posted by The17sss
Dude I'm with you on that. You forget that I haven't been on TA for more than about 15 months... so if you didn't hear me going bananas on Bush it was only because I wasn't around. |
haha duh, yeah, that's a very valid point!! im probably being unfair then. you've made so much anti-obama noise since you've been here i felt like you must've been here for ages! :p |
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| Krypton |
| quote: | Originally posted by The17sss
To a degree, perhaps. But not nearly as much as Clinton's multi-cultural obsessed administration that brought us the wonderful "Community Reinvestment Act"... the true culprit of the housing bubble and the Fannie/Freddie debacle, forcing banks to lend money to s that couldn't pay it back. |
You know the Republicans controlled Congress right? |
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| fbgdavidson |
| quote: | Originally posted by Krypton
Just bought 4 shares of UltraPro Short S&P 500 ProShares ETF (SPXU). For every 1% the S&P drops, this ETF rises 3%. So if the S&P500 drops just 10%, I make 30% profit. It's very close to its 52 week low. For me, this is a no-brainer. |
I was looking at this and the sister ETF today, seems they have only been trading a month or so.
I've made a lot of my gains lately on DDM, the 200% version. |
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