Bad Obama Economy growing Worse!!!

[asur]

PLC1 wrote -

And, those seniors who lost their 401ks are seeing them come back. I know, as I have one that is back to about what it was before the crash.

Hmm, Bush DOW = 13K, Obama DOW = 9.5K so on average so you
need a 40% increase from current levels to be made whole. I'm not sure
how you could recover, unless you drinkin the Joe Biden Kool aide and
it messes with your reality.

It's also well known may AARP members have resigned and will continue to do so
because AARP supported Obama's healthcare plan. Well AARP did and then they didn't.
Let's hope AARP goes out of business and seniors are saved from the slaughter house!

 

[ASPCA4EVER]

PLC1 wrote -

Hmm, Bush DOW = 13K, Obama DOW = 9.5K so on average so you
need a 40% increase from current levels to be made whole. I'm not sure
how you could recover, unless you drinkin the Joe Biden Kool aide and
it messes with your reality.

It's also well known may AARP members have resigned and will continue to do so
because AARP supported Obama's healthcare plan. Well AARP did and then they didn't.
Let's hope AARP goes out of business and seniors are saved from the slaughter house!

Oh, ASUR...you do make me LMAO. Your constant preaching 'DOOM & GLOOM' about this new administration is just a 'wild arsed mindless diatribe'...Many seniors are leaving AARP due to the highly confusing/convoluted mess that they pushed for the Medicare Prescriptions coverage and if you aren't aware of that then you really, truly are out of touch with reality.

And if you followed the last 8 years of G.W.B. and remained unscathed by that debacle/lies/2 wars and a debt load of the likes that we have never seen before...then you really don't understand what brought us to this point and will blame the new guy because you have 'NO CLUE'

And that 'Kool-Aide' that Herr Cheney & #43 provided must have been a mind blowing experience because many of your 'KIND' seem to have had a mental block about the cause & affect for their greedy decisions.

 

[Mr. Shaman]

Looks like more older people in poverty under Obama!

The poverty rate among older Americans could be nearly twice as high as the traditional 10 percent level, according to a revision of a half-century-old formula for calculating medical costs and geographic variations in the cost of living.

Hey, c'mon....health-in$urance inve$tor$ have a Divine Right to never-ending return$ on their inve$tment$....and, we're talkin'-about IMPORTANT-inve$tor$, here!!!!!​

"Well, keep in mind, what they want to do is enhance their profits. Enhance shareholder value. That's Number One. And the way that the business that they're in is health care, certainly. But their primary motivation is to reward their shareholders.

Most of the shareholders are large, institutional investors and hedge funds. Hedge fund managers are the ones who look at the stock and investors for large organizations. It's not mom and pop investor."

If older-folks can't keep-up with the program, maybe they need to pray a little-harder. God's a Capitalist, and it's high-time the Olders get with the Program!!!!

​

 

[top gun]

Yes, they did, that's the point!

So many lost their 401K and retirement funds, in the stock market it's not funny.

The stock market dropped when it became apparent that Obama
was in. It also dropped fast in 2009 when Obama said things like it goes up and down.

A little Republican truth test here.

The truth is the market's started their crash UNDER REPUBLICANT GEORGE BUSH and the beginning of The Bush Recession greatest economic downturn since the Great Depression.

And it's good that you brought up 401K's in the stock market. Let's all put our thinking caps on for a minute and think back really hard...

FACT: There's was some guy... some guy in charge... that pushed like hell and badgered & belittled the other Party for not going along with his fix all glorious plan to throw out Social Security and just have our elderly gamble on the "STOCK MARKET" on their own for their retirement plan just before the bottom completely dropped out of the stock market and all these massive losses were incurred.

Who was that General Custer wanting to lead all elderly Americans to this ambush??? His name is right on the tip of my tongue...

Oh that's right... IT WAS GEORGE "STRATEGERY" BUSH!!!!!!!!!!!!!!!!!!!!!!

And I can also say this without any fear of contradiction. Anyone ANYONE who says that this absolutely terrible Bush Recession started because some guy named Obama though he might run for President... or later was running for President... is nothing more than an absolute bare faced liar... or such a "spin everything completely backward" partisan political hack that should probably never be believed on anything else they might say ever again.

 

[PLC1]

PLC1 wrote -

Hmm, Bush DOW = 13K, Obama DOW = 9.5K so on average so you
need a 40% increase from current levels to be made whole. I'm not sure
how you could recover, unless you drinkin the Joe Biden Kool aide and
it messes with your reality.

It's also well known may AARP members have resigned and will continue to do so
because AARP supported Obama's healthcare plan. Well AARP did and then they didn't.
Let's hope AARP goes out of business and seniors are saved from the slaughter house!

We came back from the first great depression, and we'll come back from this one. The dollar will be devalued, just as it has been devalued for decades, as that is the only way that the debt could ever be paid or even sustained, but good economic times will return. If they return in time, then Obama will get the credit from his base and be elected for a second term. If not, then it is possible that the Republicans can regain power and take credit for the rebound. The fact is, it really doesn't matter which party is in power. Neither party is really conservative, after all, and there is little difference between the basic policies of Bush and Obama.

Yes, there have been some seniors who have listened to the outrageous claims against health care reform, and dropped their membership in AARP. They are a small minority, of course, as we seniors have heard so many ridiculous claims in our lives that we currently believe only about 10% of what we're told.

There was a letter in the local paper today claiming that the Republican party sent a flier warning that "Obamacare" could deny coverage to Republicans.

Has anyone else heard this? If so, it has to be put on a pedestal as the silliest claim yet, and that's saying a lot.

 

[asur]

as we seniors have heard so many ridiculous claims in our lives that we currently believe only about 10% of what we're told

I think seniors and even middle age folk understand that to cut costs then old people will suffer. The young don't get sick too often and the healthy don't cost anything to insure.

It's the older folk that are gonna get their health care reduced if any group is!

There was a letter in the local paper today claiming that the Republican party sent a flier warning that "Obamacare" could deny coverage to Republicans.

I never saw this, but I could believe Obama might want to prevent certain groups from getting healthcare.
I recall he called his own grandmother a typical white woman, and I don't think
he likes older white woman! Connect the dots!

 

[top gun]

I think seniors and even middle age folk understand that to cut costs then old people will suffer. The young don't get sick too often and the healthy don't cost anything to insure.

It's the older folk that are gonna get their health care reduced if any group is!

Typical Republicant... can't do nothin' to help anybody and tries to use false fear to try and fool people into going along.

I never saw this, but I could believe Obama might want to prevent certain groups from getting healthcare.
I recall he called his own grandmother a typical white woman, and I don't think
he likes older white woman! Connect the dots!

Then you're not trying... it was all over the news. Once again Republicants just out right lying without 100% untrue and outrageous claims to try and energizes their ever shrinking base.

And anyone who knows anything knows President Obama has praised his grandmother for the great job she did raising him so many times it's not even an issue. But by all means keep getting busted out just making stuff up... it helps point out to rational people why they should not walk but run away from the Lunatic Right.

 

[always]

AUGUST 8, 2009.Hopeful Signs for U.S. Jobs

July Unemployment Rate Slips Unexpectedly to 9.4% as the Pace of Layoffs Slows.

The U.S. unemployment rate dropped in July to deliver the labor market's best performance in a year, and while the decline was slight it was enough to raise hopes that the economy is on the cusp of a recovery.

Nonfarm payrolls fell by 247,000 jobs in July, far fewer than the 443,000 shed in June, the Labor Department said. The jobless rate slipped to 9.4% from 9.5% a month earlier -- the first decline since April 2008.

."I think it sends an encouraging message about where we're headed," said Bruce Kasman, J.P. Morgan Chase & Co. chief economist. "This is an economy that's improving.

A smaller loss of manufacturing jobs, and an increase in both average hourly earnings and the workweek, were other encouraging signs. But the decline in the jobless rate was primarily caused by people dropping out of the labor force, and the rate is likely to rise again.

Still, some employers have moved into growth mode. ChannelAdvisor Corp., a North Carolina-based technology company that helps retailers sell online, is slowly adding employees. After shrinking its work force to 240 workers from 320 before the recession began, it is looking to add 25 by the end of the year.

The Obama administration was upbeat but cautious. "Today we're pointed in the right direction," President Barack Obama said. "As far as I'm concerned, we will not have a true recovery as long as we're losing jobs." White House spokesman Robert Gibbs said the president expects unemployment to reach 10%, a view shared by many economists. The highest rate on record since 1947, is 10.8%, reached at the end of 1982.

The jobs report sent stocks surging Friday. The Dow Jones Industrial Average rose 1.2% to 9370.07, its highest level since November, while 130 stocks on the New York Stock Exchange hit 52-week highs.

In all, the economy has lost 6.7 million jobs since the recession began in December 2007... WHEN GEORGE BUSH WAS PRESIDENT.

I added that last line for the selective memory crowd that somehow forgot who was in charge when this mess all started.

The OBAMA Program for America !!
1- Destroy all Morality
2- RAISE TAXES
3- Name more Communist , Socialist , Marxist , Statist , and Radical America Haters as CZARS!
4- Stand with TELEPROMPTER and LIE ,LIE ,LIE
5- Begin Program to BRAIN WASH our YOUTH by FORCING his Marxist Agenda on our School Children .
6- Belittle our Foreign friends but HELP those who Hate us .
7- Plant "ACORNS" in every City , Village , and Hamlet in America
8- Destroy our Economy
9- Take over our Manufacturing , Banking , and all other private Business
10- Force GOVERNMENT HEALTH CARE on ALL CITIZENS . This will giive all decisions concerning the Health Care of each individual to be the responsibility of a BRUTAL FEDERAL GOVERNMENT led by Obama .

Why would any sane person want a Nation like this ? Germany went through this same misery seventy years ago .THINK!!