Political Forums
Forum Notice

Go Back   Defending The Truth Political Forum > Political Issues > Money and Finance


Reply
 
LinkBack Thread Tools Display Modes
Old September 20th, 2010, 09:56 AM   #1
Senior Member
 
rumpelstiltskin's Avatar
 
Join Date: Aug 2010
Posts: 517
The recession is over, economists say, but the pain isn't

The National Bureau of Economic Research declares that the turning point came in June 2009, making it the longest downturn since World War II. But, the group notes, the economy still hasn't returned to vigorous growth.



Recession end: The recession is over, economists say - latimes.com



[ame="http://www.youtube.com/watch?v=_nW0pzu0YXs"]YouTube - 30 Days | 30 Reasons : Republicans Ruin The Economy (#26)[/ame]

rumpelstiltskin is offline  
Remove Ads
Old September 20th, 2010, 11:31 AM   #2
Your Own Moderator
 
pensacola_niceman's Avatar
 
Join Date: Mar 2007
Location: Overland Park, Kansas
Posts: 24,897
Maybe the recession isn't really over then.
pensacola_niceman is offline  
Old September 20th, 2010, 03:43 PM   #3
Senior Member
 
Zack's Avatar
 
Join Date: May 2008
Posts: 6,766
The Black lady in today CNBC town hall dressed Obama down on this breaking news ending her well thought out statement with something like is this then my new reality?
Zack is offline  
Old September 20th, 2010, 08:20 PM   #4
Bye, Ya better behave.
 
Fayt's Avatar
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,842
See when I try to point out history you guys look at me like I'm an alien or big foot.
Fayt is online now  
Old September 21st, 2010, 02:52 AM   #5
Senior Member
 
Zack's Avatar
 
Join Date: May 2008
Posts: 6,766
Quote:
Originally Posted by fayt87linegod
See when I try to point out history you guys look at me like I'm an alien or big foot.
You haven't even posted on this thread?
Zack is offline  
Old September 21st, 2010, 04:16 AM   #6
Bye, Ya better behave.
 
Fayt's Avatar
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,842
Quote:
Originally Posted by Zack
You haven't even posted on this thread?


Yeah so, just look at the post before your and you'll see that I have already posted on this thread. But noooo, you liberal alway want to point out history when it comes to posting lol. joke
Fayt is online now  
Old September 21st, 2010, 04:46 AM   #7
Senior Member
 
Zack's Avatar
 
Join Date: May 2008
Posts: 6,766
Quote:
Originally Posted by fayt87linegod
Yeah so, just look at the post before your and you'll see that I have already posted on this thread. But noooo, you liberal alway want to point out history when it comes to posting lol. joke
What we have here is a failure to communicate.
Zack is offline  
Old September 21st, 2010, 05:12 AM   #8
Bye, Ya better behave.
 
Fayt's Avatar
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,842
Well anyway, I've been saying for a while that this is nothing new. When you have huge tax cuts, deregulate wall street, and pretty much look out for the few wealthy folks over the whole nation like we've seen in the president Harding, Reagan, and Bush administrations, you get the crap that we have now. These boom and bust economies.
Fayt is online now  
Old September 21st, 2010, 07:02 AM   #9
Senior Member
 
Zack's Avatar
 
Join Date: May 2008
Posts: 6,766
Quote:
Originally Posted by fayt87linegod
Well anyway, I've been saying for a while that this is nothing new. When you have huge tax cuts, deregulate wall street, and pretty much look out for the few wealthy folks over the whole nation like we've seen in the president Harding, Reagan, and Bush administrations, you get the crap that we have now. These boom and bust economies.
If the economy was humming along like the good old days and we taxed the rich at 99% we couldn't balance the budget... we spent over 100 billion in interest this year alone on our debt, we need to close some government offices... I say start with the failing Department of Education...simple let the states fund education.
Zack is offline  
Old September 21st, 2010, 07:12 AM   #10
Eyes Wide Open
 
waitingtables's Avatar
 
Join Date: Jul 2007
Location: NJ
Posts: 39,374
States are dependant on federal funding right now. The states are broke.
waitingtables is offline  
Old September 21st, 2010, 07:44 AM   #11
Senior Member
 
Zack's Avatar
 
Join Date: May 2008
Posts: 6,766
Quote:
Originally Posted by waitingtables
States are dependant on federal funding right now. The states are broke.
"States", that is some states are dependent on the federal government funding means that the responsible states are being forced to fund the irresponsible states, that's taxation without representation.



States with deficits should trim their government services and citizens of states that have spent responsibly should not have to pick up their tab since they don't benefit from the spending in the irresponsible state.
Zack is offline  
Old September 21st, 2010, 07:57 AM   #12
Bye, Ya better behave.
 
Fayt's Avatar
 
Join Date: Jul 2010
Location: Not in MD
Posts: 13,842
Quote:
Originally Posted by Zack
If the economy was humming along like the good old days and we taxed the rich at 99% we couldn't balance the budget... we spent over 100 billion in interest this year alone on our debt, we need to close some government offices... I say start with the failing Department of Education...simple let the states fund education.


yeah right Zack. President Reagan drop the top tax rate on millionaires and billionaires from 70% to below 30%. Bill Clinton raised the top tax rate only by only few and BOOM prosperity. If Obama let the Bush tax cuts expire the revenue we will gain will be in the trillions in a 10 year decade. Follow by closing the tax loophole. We can ether use that money to pay down the deficit or invest in this country again. And about government offices, how about we cut the department homeland security? This country went without the department of homeland security until Bush administration. just a thought
Fayt is online now  
Old September 21st, 2010, 09:46 AM   #13
Senior Member
 
scrjnki's Avatar
 
Join Date: Aug 2009
Location: Martinez, California USA
Posts: 1,274
Quote:
Originally Posted by waitingtables
States are dependant on federal funding right now. The states are broke.


But in the end, while it may be a painful and rude awakening to fiscal discipline, the states are more able to confront budget deficits in a realistic way because they cannot simply print money.



Federally subsidizing states who get themselves into fiscal difficulty is ultimately unhelpful and enabling. It allows governors and state legislators to avoid the unpopular decisions that may cost them the election, and lets the party continue, to the detriment of our kids and grandkids.
scrjnki is offline  
Old September 21st, 2010, 10:03 AM   #14
Senior Member
 
scrjnki's Avatar
 
Join Date: Aug 2009
Location: Martinez, California USA
Posts: 1,274
Quote:
Originally Posted by fayt87linegod
...either use that money to pay down the deficit or invest in this country again. And about government offices, how about we cut the department homeland security? This country went without the department of homeland security until Bush administration. just a thought


I must never pass up an opportunity to agree with you, my sweet little donut maker.



I would use any increase in revenue to selectively pay down whichever debt has the highest bond interest. That would allow our bond rating to begin inching upwards from the dismal rating we are descending into. It would also send a signal that would boost international confidence in the US dollar and prevent reserve currency dumping around the world.



I also would cut much of the DHS, and give the Coast Guard back to the Pentagon. I would eliminate entire Cabinet departments, offer severance packages to those employees, or offer to let them apply to whatever remaining federal agencies exist after the bloodbath, and freeze federal hiring until those who turned down the severance were absorbed, even if it took years. Exceptions could be made for specialized hiring needs.



I would make all federal employees from Post Office janitors to US Senators pay part of their benefit costs the way us normal people do. Time for a reality check.



Just setting these kind of processes into motion would change the attitude and atmosphere of spending.



Oh, and I would find a way to reward department heads and their staff when they find ways to spend less than the previous year, rather than punish them by cutting their budget. No more September spending sprees in federal government!
scrjnki is offline  
Old September 21st, 2010, 10:46 AM   #15
Banned
 
garysher's Avatar
 
Join Date: Feb 2007
Location: Los Angeles
Posts: 34,678
Quote:
Originally Posted by Zack
The Black lady in today CNBC town hall dressed Obama down on this breaking news ending her well thought out statement with something like is this then my new reality?


Did she really think Obama would wave a magic wand and all this would suddenly end??



If this naive, immature woman is typical of today's US population then the nation is doomed.

garysher is offline  
Old September 21st, 2010, 06:00 PM   #16
Eyes Wide Open
 
waitingtables's Avatar
 
Join Date: Jul 2007
Location: NJ
Posts: 39,374
Quote:
Originally Posted by garysher
Did she really think Obama would wave a magic wand and all this would suddenly end??



If this naive, immature woman is typical of today's US population then the nation is doomed.


I hate having to agree with you, but I am agreeing with you on that.
waitingtables is offline  
Old September 21st, 2010, 06:03 PM   #17
Eyes Wide Open
 
waitingtables's Avatar
 
Join Date: Jul 2007
Location: NJ
Posts: 39,374
Quote:
Originally Posted by scrjnki
But in the end, while it may be a painful and rude awakening to fiscal discipline, the states are more able to confront budget deficits in a realistic way because they cannot simply print money.



Federally subsidizing states who get themselves into fiscal difficulty is ultimately unhelpful and enabling. It allows governors and state legislators to avoid the unpopular decisions that may cost them the election, and lets the party continue, to the detriment of our kids and grandkids.




In the case of what happened over the last 2 years, our grandkids might not have had a country at all that resembled the modern U.S.A. when they are born or are adults. We had to do what it took to save the country, and things are slowly getting better, even though it is very, very painful. And focusing of deficit reduction and balancing the budget during the very fragile recovery, will land is back into the recession and into serious trouble.
waitingtables is offline  
Old September 21st, 2010, 06:04 PM   #18
Senior Member
 
Zack's Avatar
 
Join Date: May 2008
Posts: 6,766
Quote:
Originally Posted by garysher
Did she really think Obama would wave a magic wand and all this would suddenly end??



If this naive, immature woman is typical of today's US population then the nation is doomed.

That lady did more to pop Obama's bubble than Hannity could dream of. Powerful statement of WTF you can't walk on water as reported and all you can say is look at all I've done for you. All the shit that he listed is what exactly is holding back the recovery so he stands alone as the only dumb Democrat to brag on passed legislation that has a public opinion of skunks.
Zack is offline  
Old September 21st, 2010, 06:09 PM   #19
Eyes Wide Open
 
waitingtables's Avatar
 
Join Date: Jul 2007
Location: NJ
Posts: 39,374
What stinks is how the republicans have held the democratic agenda hostage since the '08 election. They refuse to accept the loss of power and engage in outright lies and despicable tactics in an effort to regain the power they lost.
waitingtables is offline  
Old September 21st, 2010, 06:23 PM   #20
Senior Member
 
Zack's Avatar
 
Join Date: May 2008
Posts: 6,766
Quote:
Originally Posted by waitingtables
What stinks is how the republicans have held the democratic agenda hostage since the '08 election. They refuse to accept the loss of power and engage in outright lies and despicable tactics in an effort to regain the power they lost.
Oh, now you're saying the population would be tickled pink if only Republicans had rubberstamped the Obama wish list...damn I guess Democrat majorities would be a shoe in if only they has passed cap in tax and we were paying $7 a gallon for gas on top of the shit they did to destroy the economy?
Zack is offline  
Reply

  Defending The Truth Political Forum > Political Issues > Money and Finance

Tags
economists, pain, recession


Thread Tools
Display Modes


Similar Threads
Thread Thread Starter Forum Replies Last Post
This Tax Season, The IRS May Be Feeling Your Pain npr Current Events 0 March 8th, 2011 01:57 PM
Economists forecast economy to grow in '10 cygonaut Money and Finance 9 December 15th, 2009 09:37 AM
Bullies may get kick out of seeing others in pain Cubbie Crime and Punishment 2 November 8th, 2008 06:12 AM
Bush acknowledges financial 'pain' CNN Current Events 3 September 15th, 2008 10:08 AM


Facebook Twitter RSS Feed



Copyright © 2005-2013 Defending The Truth. All rights reserved.