...the economy is very likely heading back into recession. I hope everyone really enjoyed this "recovery". http://www.businessinsider.com/final-q3-gdp-2012-9 http://www.reuters.com/article/2012/09/27/us-usa-economy-durables-idUSBRE88Q0S720120927 http://www.weeklystandard.com/blogs/santelli-gdp-numbers-depressingly-weak_653119.html http://www.aei-ideas.org/2012/09/its-all-unraveling-is-this-the-last-quarter-the-recovery/ Of course, it's Mitt Romney's tax returns that are important... In the words of Kevin Bacon, "Remain calm, all is well!"
Also in the words of Kevin Bacon "Thank you sir, may I have another" As he is being spanked. Romney is far from perfect, but Obama has led us in the wrong direction
How to incentivize and grow businesses is exactly what Romney does well. He is also well-equipped to streamline the Federal bureaucracy. Combined with Ryan's knowledge of where the bodies are buried in the budget and it would be an effective combination. Our macroeconomy is no different than a business: Increase revenues (private sector growth) and decrease expenses (size of government). He may have his faults, but dealing with our biggest issue isn't one of them.
No surprise the 1% is again manipulating the economy by holding back orders for goods. With Romney crashing and burning it's really their last desperate shot at stalling the recovery. Looks like it's too little, too late though as housing is in an unreversable turnaround that will drag the rest of the economy back into the black with it.
After another recession, it will be a great opportunity for the government to spend more money and fill in the gaps where jobs used to be. Through executive order, if needs must. And after those gaps are filled, it'll be even more difficult for voters to go in another direction. *sigh* Ed O.
yeah we have already passed the 50 percent mark, the Dems have done a great job. I would have never thought that I would live to see the day that labor unions would stand hand in hand with illegals, freeloaders and those that run the social hand out systems.
It's fine... it's fine. We'll just fix it with more QE! QE has worked extremely well to get this economy soaring, and it will continue to work well.
Furthermore, it shouldn't have been this way... http://online.wsj.com/article/SB100...7613122591922992.html?mod=WSJ_Opinion_LEADTop
Terrific news! Now we have inflation coming! http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2012-09-28-06-46-37 This is going to be better than a re-run of the Carter years, just without peace between Egypt and Israel. Hope and Change!
I believe Greece did austerity not QE, in fact comparing us to Greece is an argument for QE as their measures lead to riots where as ours just made everyone poor and jobless..... The country I see as a model for recovery is Iceland. They held banks and the financial firms accountable and didnt bail out foriegn investors at the tax payers expense. It cost them a few painful years but they are in the middle of a decent real recovery now, and they were able to expand their social progams at the same time.
Iceland is a rather unique situation. Their population is quite small, and they will not be receiving any international loans for at least a decade. But the rest of your statements are generally true. Greece is rioting (their culture likes to protest) because of austerity.
It's not because they made the choice of austerity. It's because they ran out of money and they were forced to make painful cuts. Seriously, do people think austerity is a choice? It's not that hard to figure out. When you borrow a dollar, you have to repay it with interest. Our bills are coming due and we have to repay them. How do you have the government give all this free stuff without paying for it? Think of your own budget; there are things with which you have to do without. If I were moderating a debate, my first question for President Obama (with a followup for Governor Romney) would be, "How do you pay for your programs? Because taxing the 'rich' isn't going to do it. Please give me specific numbers."
yep, thats why that 1.89 gallon of milk is 3.29 etc etc etc, the more they print, the less it is worth. Could this be the Governments grand plan? To devalue Our dollar to the equivalency of the paso? "Hey its not so bad, that 18 trillion is only like, 1700 euros!"
Weren't you just discussing Greece and now you're suggesting the Euro is solvent? Do you listen to the whole news story?
