Consti here with an observation. The idea that a financial rebound is being pushed on this site and in the news is nothing but smoke-and-mirrors. I and many in the public don’t buy this anymore. It’s as if those who espouse this are ignorant to the facts that are well within the public view or simply ignoring the storm for the rainbow. Anyone with Google or a news reader can find this. Claims that the country is better off now than a year ago is the usual argument given. So let’s take a good look at that claim.
Bank closures & bailouts – In the month of January there was a bank closure almost every other day. In total there have been approximately 150 bank closures since the beginning of 2009. Now local banks are the ones to usually loan the most to small business. The engine of the economy. Yet only the large banks were bailed out and refused to unfreeze credit. This has as a result closed thousands of small to medium sized business that couldn’t make payroll. While AIG was permitted to distribute bonuses in 2009 thanks to the previous head of the NY Fed Timothy Geithner. Now AIG is set to get another round of bonuses thanks again to Turbo Tax Tim. All while small businesses crumble. Citigroup and Goldman Sachs alone have been rescued from their risky bets by unwitting taxpayers four times in the last 15 years.
Employment – There has been a lot of talk about how December saw a decrease in the number of unemployed. Funny thing numbers they sometimes need to be adjusted. Just released this week was a report that December s jobs numbers had to be adjusted to include an additional 824,000 jobless. Making December worse than November for jobs. Just today numbers for January show 480,000 more unemployed. So no relief for jobs in January as every talking head has claimed. The unemployment rate rose in 306 of 372 metro areas in December. Unemployment is expected to rise from 10% to 10.1% this month alone. We were promised that the stimulus wouldn’t let unemployment go above 8%. And now we are talking about ANOTHER job bill to decrease unemployment. They can’t even agree on how many jobs were saved by the stimulus. All those talking about the jobs returning are either wrong, or dishonest. You can’t talk up the economy when the numbers show otherwise. Where has the administration and congress been for the past year? Oh yeah, pushing a healthcare plan that 5 months later the public opposed by over 50%. The only employer hiring is the government who’s payroll under Obama has swelled to 2.15 Million employees. The largest EVER!
Deficit spending – The budget released just last week has a deficit amount of 1.6 Trillion. This is larger than the $1.3 Trillion during the last budget release by George Bush. So all the talk of “inheriting” this problem is a joke. Obama may have inherited the problem, but he is doing very little to address the issue. And it’s been his responsibility for the last year. Now his fellow democrats are fleeing the president or attacking him for his runaway spending practices. There are even Democrats who are espousing MORE spending to get ourselves out of the hole. Anyone who balances a check book will tell you spending your way out of a hole just don’t fly. The supposed $20 Million is savings will only account for 1% of the federal deficit. A drop in the bucket that is already full of holes and leaking. It’s reported that by the end of February we will have hit our deficit spending limit. Supposedly a day before they vote to raise deficit spending to $14 Trillion. Why are they raising the deficit? So that congress doesn’t have to vote on cutting social programs which overpay for equipment and are ripe with fraud. There was talk about “Pay-as-you-go” during the Clinton era, and how we had a budget surplus. That’s incorrect since history has shown that despite “pay-as-you-go” the federal deficit STILL rose during that period.
Social Security – A report from the Congressional Budget Office shows that for the first time in 25 years, Social Security is taking in less in taxes than it is spending on benefits. Instead of helping to finance the rest of the government, as it has done for decades, our nation’s biggest social program needs help from the Treasury to keep benefit checks from bouncing — in other words, a taxpayer bailout. Many of the people I have spoken with who are near retirement have lost big in their houses and investments. Most know that social security is not going to cover them in their retirement. Yet for decades we have been paying into a system for which we receive little return in the end. The only people who have benefitted from social security have been the government in the amount of interest they have incurred on OUR money.
Housing – Now housing has been the ONLY thing to show slight improvement. And that’s only because of Federal grants for first time home buyers. Still the growth is miniscule to the losses people have taken in the value of their homes. So we are propagating the problem that put us here in the first place by providing incentives for people who can’t afford a monthly mortgage payment to begin with. That’s really intelligent. Instead of bailing out home builders perhaps it would have been more of a recovery to bail out those who couldn’t make their monthly payments. Instead we bailed out banks that then refused to loan money to people to make ends meet.
“Now Consti you are just spinning this to suit your political agenda.” HA! This is what’s being reported by the media. I may be “retreading” news articles, but then again I am not a journalist. All it takes is for you to educate yourself about the truth. The truth is an ugly thing, and many would prefer to be ignorant of the facts. Personally I wish I could un-learn some of what I have discovered. However the facts are facts whether you like it or not. So the next time someone tries to blow sunshine, lollypops, and rainbows your way, just remember this. You can find all these facts yourself if you so choose just not on the nightly news.
If this is a recovery I’ma da pippity pope!
Consti.
The 2012 Presidential Election is fast approaching
The GOP race is now a field of 4 with only Romney, Gingrich, Paul, & Santorum still standing. Who will be the next candidate to exit the race & who will emerge as the eminent GOP nominee?
Follow us on Twitter & join our 2012 election FaceBook page for updates & new blog articles.
Contact us if you are passionate about politics & want to blog with us.
{ 25 comments… read them below or add one }
Handycrafts,
I fail to see the relevance of Regan to the article source. Fact of the matter is many are now saying that the recovery isn’t happening. So what Regan has to do with the current events seems a little from left field. If you like I can provide you with SEVERAL articles written as recently as the last 14 days that dispute the recovery.
Some how though I don’t think that will matter for you.
Thank you for your comments.
It is hilarious that the GOP continues to act as if Reagan is their hero when he wouldn’t even be WELCOME in the current GOP!! Reagan would be considered a “RINO” now. After all Reagan granted amnesty to illegal immigrants, raised taxes and raised the deficit. Do fervent GOPers even realize Reagan’s history?
It’s a recovery for liberals because the People are getting more desperate which always results in resorting to bigger govt.
“Turbo Tax Tim” – brilliant.
Oh… and WE don’t demand income taxes from our government. They demand it from us. Of course you didn’t read anything i provided showing the pork in your precious stimulus. I’m getting tired of repeating myself over and over again to you. Your wellcome to sit under the rainbow and write poetry all you like. Facts are facts and trying to ignore them is your choice. Not mine. And you don’t address ANY of the points I make to you so why should return the favor? Narrow minded denial isn’t pretty kids… in George you can find the perfect example of that. You refuse to see what is right in front of you, one day you will walk into that wall. And when you do I am sure you will blame Bush for that as well.
And where did 17.1% unemplyed come from? Will you make up your mind. You just said it was 10.1 yesterday. Did 7% lose their jobs in one day?
You obviously never took econ and you never heard about unemployment. There will never be 0% unemployment, so it’s all relative.
You have shown that you are completely and totally irrational. I now know why people on here have just given up. I don’t know if it is due to mental illness, stubbornness, ignorance, ugliness or what, but I can honestly say that I have NEVER encountered another human being like you and I can honestly say that I am glad. I’m sure there are more out there like you, but I have never been unfortunate enough to encounter one before. Maybe that’s why I still basically like people and you don’t. I wouldn’t if I were like you and thought that other people were just like me.
I know that people like you, ill people, are in the minority and so this country can’t be that bad off. If I honestly believed that everyone out there was like you, I would have to leave.
Dude, you are one truly twisted human being and I DON’T know what parallel universe you live in, but it ain’t the same one as the rest of us. And it ain’t one I care to live in…
You are blathering about the last few years. You are ignorant. Jobs started to tank at the beginning of 09. Not “years” ago. Keep up your idiocy. You make a fine expample. And since you are all over the place why should I waste my time providing you any more information when all you are going to do is ignore it. Grow up, go out side and take a good look around. It will so you some good. BDS… I am sorry you suffer.
You’re a one trick pony with unemployment as the measure of the health of the US economy. What about the weak dollar. What about the trade deficit? What about the inability of other nations to afford to buy our products? Those things were well in place before Obama. Plus you did not address any of my other points about unemployment in this country, just spout numbers on numbers of jobs. Our population grew by millions in the last few years- all numbers are relative.
Speaking of relative as you tout the deficit figure and how much of a record it is. I hate to tell you, but relative to GDP it isn’t even close to being record. In the 1940′s we entered a war and spent our way out of a depression, but then of course, we were selling war bonds and the like to help pay for the war, which Bush did not od. It was the only war we ever enterd that was paid for entirely by deficit spending, but that’s besides the point. After the war, the 1950′s were times of prosperity. Coincidence? No.
I’m sure you won’t believe me, but…look for yourself. The fact that the American public chose to spend all of its money on crap and excess and refused to place it in savings, leaving China to buy our savings bonds had as much to do with it as anything the government did. But where do you ever point the mirror back at the American public? It’s all the government’s fault with you and somehow it always goes back to Obama. Obama didn’t make people spend away their home equity. Obama didn’t make people move into a bigger home every 2-3 years so that they had no equity. Obama didn’t make people replace cars every few years. Obama didn’t force people to take risky loans to buy houses they couldn’t afford. Bush didn’t do any of these things either- WE did. WE caused the credit crisis that helped start this whole thing. Blame the government all you like, blame Obama all you like, but the buck stops with us. We don’t handle our finances any better than the government and we haven’t for 20 years. Our sins have come back to haunt us and now we expect the government to wave a magic wand and fix it. And condemn them when they can’t. Get real…
http://www.usgovernmentspending.com/downchart_gs.php?year=1900_2010&view=1&expand=&units=p&fy=fy11&chart=G0-fed&bar=0&stack=1&size=t&title=US%20Federal%20Deficit%20As%20Percent%20Of%20GDP&state=US&color=c&local=s
Still whining about Bush when OBAMA raised the deficit MORE than Bush. 1.6 trillion as opposed to 1.3 trillion. Up your meds, or cut your dosage because you are just a joke when it comes to trying to make your point based on little more than garbage.
Are you out of your mind? 8.4 MILLION unemployed 17.1% unemployment!! That’s counting people who have stopped looking for work!
Now I know you are just being completely ignorant of the facts that YOU CAN FIND ANYWHERE! Decembers numbers were adjusted UP not down dill weed. Making unemployment worse for December than November, The only reason we have seen a down tick in January is due to temporary work from the Census. You can choose to be ignorant all you like. But you are COMPLETELY off your rocker if you think jobs are good. If jobs are so good as you claim then WHY ARE THEY TALING ANOTHER JOB BILL?? Did you not hear Obama in the SOTU? Jobs jobs jobs… With people loosing their homes and their healthcare due to job cuts! Completely ignorant. There are plenty of links in the article and below for you to see how wrong you are, but of course you won’t admit it. What a joke. And I am sure I am not the only one who holds that opinion of you thanks to your inane statements about jobs.
Read some of the links I provided you and educate yourself. Because you are not only WRONG about unemployment you are completely ignorant of the facts. But I am sure you prefer to be ignorant to unemployment. Just when I thought you couldn’t amaze me with your ignorance you end up doing just that.
Now you are REALLY making me laugh!! There is no arguing with a mule or an Ideologue. Live in your little world of denial. Because we all no that it’s not just a river in Egypt.
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201002050845dowjonesdjonline000354&title=data-snapus-jan-jobless-rate-falls-to-97-payrolls–20k
http://www.bloomberg.com/apps/news?pid=20601109&sid=aNSc0oQ0vb4M&pos=10
http://www.politico.com/news/stories/0110/31914.html
http://finance.yahoo.com/news/Initial-jobless-claims-apf-3027105474.html?x=0&.v=5
http://www.reuters.com/article/idUSTRE60I4MV20100119?type=politicsNews?feedType=RSS&feedName=politicsNews&rpc=22&sp=true
http://apnews.myway.com/article/20100108/D9D3IQK81.html
http://republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=164206
Completely ignorant of the facts the EVEN OBAMA admitted to in the SOTU. Try educating yourself above a 4th grade level. Jobs are good! HAHAHAHAHA!!!
As always you are welcome to your ridiculous opinion.
Oh Consti,
I know you have a short attention span, but try reading these all the way through. I’m sure that you may learn something, just as you would if you read your OWN links all the way through. Pretty bad when I can use your own links against you…
http://finance.yahoo.com/news/What-a-97-Percent-usnews-2235233201.html?x=0&.v=1
http://news.yahoo.com/s/afp/20100205/ts_alt_afp/useconomyunemployment
Ninety percent of the people in this country HAVE jobs. Ask them why they have cut their spending. THAT has far more impact on the economy than the 10% who do not have jobs. Since one-third to half of those are part of natural unemployment, then the umbers of people who alone are pulling us down is now 5-7%. YOU are the one operating under perception and using it to rule your reality.
The economy is about more than jobs, but that is the only thing that you can find any data on to support your skewed conclusion.
And I did not say that the government was profitable, but that the government is making a profit on some of its loan investments. It would take a heck of a lot of loans to make up for the $800 billion dollars Bush spent on the war without any way to pay for it…If you are going to play smart and try to refute a point I make, do yourself a favor and get the point right. It’s right there in black and white, all you had to do was read or reread it. Instead you choose to go on the attack about something that no one even wrote, which makes you look like a fool.
Again, you have dropped every major argument and failed to refutr every major point I made. Is it because you are too lazy, too unintelligent or that you can’t and still stick to your warped point of view? I really don’t care which it is. All I know is that as a debater, you suck, so maybe you should just step down and retain what little credibility you have left.
Write your little rants and leave the rest to us.
And IF the government is making a profit as you claim why will we hit our deficit ceiling limit at the end of this month? IF the are making a profit then why did they just vote to raise the same deficit limit to 14.1 Trillion? Seriously blowing sunshine, lollypops, and rainbows isn’t going to help the economy. And if you seriously think that the profit WON”T be spent on more pork instead of the deficit then you are seriously out there.
http://www.washingtonexaminer.com/opinion/blogs/beltway-confidential/Phantom-zip-codes-also-found-in-Virginia-80795072.html
http://republicans.waysandmeans.house.gov/News/DocumentSingle.aspx?DocumentID=164206
http://thehill.com/homenews/administration/71353-mark-penn-got-6-million-from-stimulus
http://abcnews.go.com/Business/abc-news-exclusive-obama-administration-slashed-60000-jobs/story?id=9095621
http://www.boston.com/business/articles/2009/11/11/stimulus_fund_job_benefits_exaggerated_review_finds/
http://www.sacbee.com/topstories/story/2309303.html
http://apnews.myway.com/article/20091222/D9COD2OG0.html
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100000698/can-the-souffle-really-rise-again
It’s about jobs no jobs, no spending, no spending, no recovery. The MYTH of a jobless recovery is just that. A myth. And if the government is making a profit why are they talking about a second stimulus when not only has the first $787 trillion not been spent, but it was loaded with pork? Again, you can easily find this information. I am getting tired of providing it to you.
No matter what I show you or say your partisan mind won’t see past your narrow view of the world. There is more to the recovery than just a claim of profit. Since the administration has already show it is willing to fudge job numbers and recovery facts I find your argument superficial at best. If the recovery is happening again why are they talking about a second round? And why wasn’t this the FIRST PRIORITY over wasting a YEAR on a healtcare plan no one liked 5 months after it was announced.
You choose to believe what you like. I can only put the information in front of you. If you choose to ignore it then just like I said in the article… you are seeing the rainbow instead of the storm. One doesn’t kick a mule to make it move, you just have to wait for it to do it on it’s own.
As always you are welcome to your opinion. And your whining about me being insulting is a laugh since you are more than capable of being insulting yourself.
And there are several million people who are or were in real estate. We are not all related….
What a tool!
Go for the insults since the facts, including your own, show your arguments to be a joke…. I gave my proof AND I used yours better than you did. You dropped just about every argument of yours AND mine. You got schooled and instead of taking it like a man, you had to try for the last word, no matter how desparate it makes you look.
Go home, boy…before people start laughing harder than they already are…
You know george until you can contain you insults you add nothing to the conversation. Ignorance is bliss for you isn’t it? Until you can contain yourself you’re not worth my breath. And certainly not worth a second thought.
Again I can only lead the mule to water. If you choose not to believe it that is your problem not mine. I can only provide you the information. And when can we expect you to write anything other than hateful comments? Put up or shut up. Did housing huh? Wouldn’t be a relative of laura bramble would you? And where is you proof?
http://www.startribune.com/business/80085797.html
“So far, that experiment is more than paying off. The government has taken profits of about $1.4 billion on its investment in Goldman Sachs, $1.3 billion on Morgan Stanley and $414 million on American Express. The five other banks that repaid the government — Northern Trust, Bank of New York Mellon, State Street, U.S. Bancorp and BB&T — each brought in $100 million to $334 million in profit.
The figure does not include the roughly $35 million the government has earned from 14 smaller banks that have paid back their loans. The government bought shares in these and many other financial companies last fall, when sinking confidence among investors pushed down many bank stocks to just a few dollars a share. As the banks strengthened and became profitable, the government authorized them to pay back the preferred stock, which had been paying quarterly dividends since October…But the real profit came as banks were permitted to buy back the so-called warrants, whose low fixed price provided a windfall for the government as the shares of the companies soared.” – New York Times, 8/31/2009
http://www.nytimes.com/2009/08/31/business/economy/31taxpayer.html small banks were left to rot while only big banks got the bailout money. Then how could small banks manage to pay back $35 million?
And
“A senior Treasury official said the bank investments will ultimately produce a positive return for taxpayers. But the department was not yet ready to update its estimate of the final taxpayer costs for the bailouts.. The Treasury in November said TARP’s ultimate cost estimate had been reduced to about $141 billion from $341 billion earlier in the year. Further reductions in the final cost estimate could aid the Obama administration as it faces pressure to produce a new budget that starts to show deficit reductions.”
This was from your own Reuters link. Apparently you do not understand the term long term investment. The government is making an average 15% return on its investment. Can you tell me where else anyone can find a 15% return on a long term investment? Your claim in the article was that the money went down a black hole never to be seen again, that the bailout was some kind of gift. It was a LOAN, a loan that is being paid back.
I don’t think you actually think we will read these links. We do and if you think they bolster your case you must not read more than just the headlines. Not a surprise.
http://errdocs.myway.com/ This is what came up when I clicked on your small bank bailout link. It is a bogus link to an article that no longer exists. Funny, isn’t it? Again, not a surprise. Especially when your own Reuters link specifically verifies that small banks were indeed loaned money.
As far as housing- I worked in real estate so believe it or not, I am aware of the bubble. But how do you think a price bubble gets sustained? Through financing, genius. A market can only demand higher prices if the money is there to support it, which was my whole point. That’s Econ 101.
You are so full of it, and yourself. If what you posted is eternal vigilance, I pity this country. And clever? Who called you clever? I never called you clever. YOU are the one who seems to be under the impression that you are clever, not anyone else. For your own sake, get real…A legend in your own mind. Thank heaven you’re a coward; imagine the damage you could do if you actually ACTED on the crapo you spout.
You dropped the ball in so many places and just proved that you know nothing. Your whole unemployment argument was nothing but a rant about transaprency.
You drop legitimate arguments when you can’t come back and try to tie it to BS rant talking points.
Arguing with you is like shooting fish in a barrel. Even when you got a straight shot, you just dive and weave. Pathetic, but par for the course for you…Dude, I don’t read Daily Kos or ABC or any of the other outlets you claim I read, so I don’t know what in the heck you are talking about…I don’t read anyone with an obvious bias either way. Maybe you should do the same. Maybe then you could actually make a logical and coherent argument. Spin, baby, spin…
HAHAHA!!! Pelosi complained about 3.2 million jobs lost, but is silent on 6.2 million. And this comes straight from her OWN mouth!
http://www.house.gov/pelosi/press/releases/Aug03/prWherearetheJobs080103.html
Hmm… here’s a strange situation. Unemployment dropped to 9.7% for January temporary hiring for the U.S. 2010 census collection helped the employment picture in January. My question is will it head back to the 10.1% that people claim it will?
“Last month, employment fell in construction, transportation and warehousing, while retail trade and temporary help services added jobs. Temporary services added 52,000 jobs in January.”
http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201002050845dowjonesdjonline000354&title=data-snapus-jan-jobless-rate-falls-to-97-payrolls–20k
Sunshine and lollypops until the cencus is over. Kind of like auto manufacturers seeing an uptick in sales from cash for clunkers. Until of course that funding ran dry.
Bank closures – Smaller banks were bailed out eh?
Fresh bailouts for smaller banks being weighed…
(http://apnews.myway.com/article/20090925/D9AUJHMG0.html)
Profit by the government from banks? Seriously?
FEDS LOSE $68 BILLION IN BAILOUTS… (http://www.reuters.com/article/idUSTRE60A4XU20100111)
Not clever George just vigilant and informed. The price of freedom is eternal vigilance.
Unemployment – WE WERE PROMISED BY OBAMA THAT THE $787 BILLION STIMULUS MEANT UNEMPLOYMENT WOULD NOT GO PAST 8% So yeah, at 10% about to go to 10.1 I’d call that Obama’s fault. One of the biggest packages to date and if FAILED to perform as promised. And remember how congress didn’t have a chance to read it before voting? I thought he PROMISED that ALL LEGISLATION would be posted for the public to read. Another campaign promise broken. He couldn’t even be bothered to televise more than ONE HOUR of the negotiations on CSPAN for healthcare after promising it 8 TIMES! (http://www.washingtontimes.com/news/2010/jan/19/obamas-record-of-broken-promises/) Don’t make me laugh.
Housing market – Eh maybe you were asleep when it happened but this whole economic collapse started with housing. I believe they called it a bubble. Take a good look at Barny Frank INSISTING banks make loans EASIER for people to get who couldn’t afford it. Again, don’t make me laugh.
Social Security – Now that’s the most intelligent thing I have heard so far. And yes Bush added to the problem. And as you so rightly pointed out this has been a problem BEFORE BUSH took office. So you would prefer I lay it at his feet instead of the one? However, what has Obama done to solve the problem? Oh that’s right he spent a year trying to pass a healthcare bill no one liked. See George we can agree on some things.
And who really have I cast judgment on? The government as a whole? I can’t help that Obama was elected and has broken promises, increased spending and the deficit to the point where they now have to RAISE the deficit limit. CBO: 2010 deficit higher than 2009 in first 2 months of year… (http://www.reuters.com/article/idUSN0418093920091204) I don’t write legislation. And yes, every person in this country should be mindful of what the government does in our name. That’s why they are called civil servants. They serve us, not the other way around.
Educate yourself with more than the daily Kos or moveon.org. Like I said in the article this information is EASY to find if you have the mind for it. There is this great site called google and another called Bing. Try them some time. I can help it if they guy you voted for is an inexperienced screw up. I didn’t vote for him or McLame for that matter. My vote went to Pedro.
As always, thank you for your comments.
Again, you put links up there that do nothing to prove any of the talking points you make that you seem to think are so clever.
1. Bank closures- Small banks were bailed out as well, if they could show that they could stay solvent. Some were purchased, but are still in business. Many banks did not want to take the vbailout money because they did not want anyone looking at their books to see all that they had done. By the way, you have not mentioned the several billion dollar profit the government has made from the money they lent during the bailout. Last I heard it weas about $45 billion. But of course you won’t mention that…
2. Unemployment- Productivity is up 6.7%, which means that employers are getting more out of less workers. That wither means that American workers were not doing their jobs effectively and the market is correcting, which is the American worker’s fault, or employers have found ways to cut back on their labor needs and stretched less workers to do more work. Either way, this is something that the governement can’t fix by itself, so why are you laying this at the governemt’s feet? Cause you arte looking for an excuse to make it Obama’s fault.
3. Your whole section on the housing market shows you have NO idea what you are talking about. Federal grants for first time home buyers have nothing to do with whether they are qualified for a loan or not. They are a tax break, which has now been extended to ANYONE who buys a home. I don’t hear you complaining about the tax break that car buyers were using to buy any SUV over a certain weight several years ago, one that really belonged to those buying heavy equipment. Homebuyers still have to qualify under the much tighter standards that exist now as compared to 2-3 years ago, when Bush was telling us all that every American deserved to own a home. With forclosure rates what they are, obviously some don’t. And please tell me, which home builders were bailed out? If you don’t know what you are talking about, you really shouldn’t comment.
The banks are only now coming to their senses about who they loan money to. They were lending money to people they never should have for ridiculous interest rates so that they could make a quick profit, then sell off the liability. THAT was the irresponsible behavior, not the tightening of standards. They may have swung a little too far the other way in response to the disaster, but the world is watching and they have to have appeared to have learned their lesson.
But this is the same Wall Street and market forces that you defend. The only reason they offered those risky loans was because there were customers for them and buyers for them. Why should they care about the fallout or consequences when there was money to be made? And how is THAT Obama’s fault? If the Dems had stepped in 2 years ago with talk of regulation, Bush and the GOP never would have let them and you would have been crying about government interference. Can’t have it both ways.
4. Social Security- The problem with Social Security has been a long time coming. The Baby Boom generation is double the size of the generation that is supposed to be supporting their Social Security. Unless it got banked, we were NEVER going to have enough money. It didn’t help that Bush added $800 billion in new Medicare reform benefits to an already overburdened program without raising taxes or making subsequent cuts to any other social programs, all while funding a war. I notice you forgot about that in your anti-Obama tirade.
Consti, this is just yet more of your sloppiness and unsubstatiated ranting. And yet you remain on your high horse and cast judgement on others…
Pay no attention to the man behind the curtain. I am the Great and powerful credit card!
I get the feeling we’re in serious trouble toto…
Consti,
You obviously need re-educated by our public school system.
Didn’t read Florida Bloggers last article. Now quit worrying so much and go out there and run up your credit card. That is the “Offical Government” answer to the alledged problems you’ve mentioned.