Get ready for obama's failurnomics...

[jetboater]

Originally Posted by Hog&Tow

how did Obama "cause" it? Bush started spraying the fire with a garden hose & now Obama is sending in the red trucks. the other option was to just let everything adjust to the market. that sounds easy, but people would have suffered like never before in our history if that had been the plan.

I didn't say he caused, I did however say, he has taken the same ball Bush #43 had, that is so widely critisized, and continued on dumping money into the black hole. I have said before this was set into motion 40 plus years ago, one step at a time..

Personally I was never in favor of any of it, but you are very correct in what would have happened had the Fed stayed out, my personal opinion is we dug a deeper hole and it's gonna get worse. All that happened was the crash was prolonged, except now, the burden has been shifted off the backs of a few, in relation to population, investors and traders, to the backs of the taxpayers, and when it does crash, the masses are really gonna be stuck, where the few are gonna buy things up and create wealth on a scale never before seen.

I truly hope it's a doomsday scenario, and that I am 100% wrong, cause I am one of those masses....

[railroad76]

Originally Posted by Zeb

I don't think the economy is in any better shape than it was before. I think the markets have been artificially propped up or somewhat stabilized for a very short period. Once you see these banks raise their needed capitol from the sham of a stress test, it will be game on again for a market fall.

I disagree. Most economist are now saying that we should be out of the recession by the end of the year. When he took over many were saying that we were heading for a great depression. I would call that an improvement. Also and someone who has been out looking for a job. 2 months ago there was pretty much nothing to be had. I have had 3 job offers in the last week. Granted they are not the highest paying jobs but respectable ones to say the least. I would call that an overall improvement of the economy.

[railroad76]

Originally Posted by jetboater

I didn't say he caused, I did however say, he has taken the same ball Bush #43 had, that is so widely critisized, and continued on dumping money into the black hole. I have said before this was set into motion 40 plus years ago, one step at a time..

Personally I was never in favor of any of it, but you are very correct in what would have happened had the Fed stayed out, my personal opinion is we dug a deeper hole and it's gonna get worse. All that happened was the crash was prolonged, except now, the burden has been shifted off the backs of a few, in relation to population, investors and traders, to the backs of the taxpayers, and when it does crash, the masses are really gonna be stuck, where the few are gonna buy things up and create wealth on a scale never before seen.

I truly hope it's a doomsday scenario, and that I am 100% wrong, cause I am one of those masses....

I don't think you are hearing anyone say that Obama had nothing to do with it or that he did not support it. I only bring up Bush when someone is trying to blame Obama for the bailout. In fact, I believe they are working. I do feel that Bush should have had more oversight and regulations in place for the money that he handed out but overall it needed to be done. Just don't call it Obama's economy/fault, because it isn't.

[jetboater]

One of the things I have noticed at work, mail volume is up, not much but a little.

Mostly 3rd class advertising, but that means companies somewhere are spending money to advertise, trying to lure shoppers in, give it 6 months, this fall and christmas will be an eye opener..

[jetboater]

Originally Posted by railroad76

I don't think you are hearing anyone say that Obama had nothing to do with it or that he did not support it. I only bring up Bush when someone is trying to blame Obama for the bailout. In fact, I believe they are working. I do feel that Bush should have had more oversight and regulations in place for the money that he handed out but overall it needed to be done. Just don't call it Obama's economy/fault, because it isn't.

I don't think we will truly know whats gonna happen for 2 to 3 years...and the decisions the Fed and Obama's administration make in the next 6 months, will define that..

[Zeb]

Originally Posted by railroad76

I disagree. Most economist are now saying that we should be out of the recession by the end of the year. When he took over many were saying that we were heading for a great depression. I would call that an improvement. Also and someone who has been out looking for a job. 2 months ago there was pretty much nothing to be had. I have had 3 job offers in the last week. Granted they are not the highest paying jobs but respectable ones to say the least. I would call that an overall improvement of the economy.

I am sure many of these are the same economist that have predicted that we had bottomed 3, 4, and 5 months ago.

How many of them predicted the fall in the first place? And you trust what they are saying now? Come on. Don't think/wish something just because it may give better light to Obama. That is being as blind as some here that post from the conservative side.

I like Obama. But he is running the economy from the same playbook as the Presidents have for the past 30 years - the Goldman Sachs/Federal Reserve Cartel playbook.

Originally Posted by Zeb

I like Obama. But he is running the economy from the same playbook as the Presidents have for the past 30 years - the Goldman Sachs/Federal Reserve Cartel playbook.

Ageed.. but he's using the Keynesian Model of economics

Wikipedia (Links)

Keynesian_economics

[railroad76]

Originally Posted by Zeb

I am sure many of these are the same economist that have predicted that we had bottomed 3, 4, and 5 months ago.

How many of them predicted the fall in the first place? And you trust what they are saying now? Come on. Don't think/wish something just because it may give better light to Obama. That is being as blind as some here that post from the conservative side.

I like Obama. But he is running the economy from the same playbook as the Presidents have for the past 30 years - the Goldman Sachs/Federal Reserve Cartel playbook.

The last 30 years haven't been very bad at all.

Jobs are returning and when that happens it create spending that create more jobs. I'm not saying this to make Obama look better to people who will never change thier opinions in the first place. I am saying that as an informed person on the issues and someone who is out there in the workforce.

[Zeb]

Originally Posted by momster

Ageed.. but he's using the Keynesian Model of economics

Keynesian economics - Wikipedia, the free encyclopedia

And so did Bush, W, Clinton, and Reagan. All used the Keynesian model. They all deficit spent to try and stave off recession - which only made this monster that is upon us much larger and much more damaging.

[Zeb]

Originally Posted by railroad76

The last 30 years haven't been very bad at all.

Jobs are returning and when that happens it create spending that create more jobs. I'm not saying this to make Obama look better to people who will never change thier opinions in the first place. I am saying that as an informed person on the issues and someone who is out there in the workforce.

Jobs have not returned. Job loss slowed slightly over the previous months. But we are still bleeding jobs.

No, the last 30 years have not been bad when compared to now. But the stage was being set during the last 30 + years for where we are at today.