Obamaconomy!!!

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Pidgey said:
Now... if this runs to execution:

http://www.guardian.co.uk/business/2009/apr/05/useconomy-regulators

...then you might just have to kiss your economy goodbye altogether.

Yesterday's report:

http://cop.senate.gov/press/releases/release-040709-report.cfm
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Eventually the economy will correct and be in balance again. In the meantime there will be a lot of pain for people as adjustments are made. Those adjustments and pain will include unemployment, inflation, and a host of other unpleasant things that will make life hard primarily for poor people who will be hit hardest. Then our politicians will use whatever tool they can to change things to help those people and they will have to resort to ever larger hammers this creating even more unintended consequences.

I would have preferred a system in which corrections took place constantly and in small doses but we have what we will have. The only way we could have had small and constant corrections would have been if we had had some uber-smart controller of the economy who could have known exactly what little things to do at exactly the right time - someone like Smith's invisible hand!
 
The Apocolypse is nigh...........just ask any "conservative"-luddite.

:rolleyes:

D.C. has done a 180.........back into The 21st Century!!!!!!!!!!!!!!​

"By June 1, the government plans to spend $285 million in stimulus funds to buy fuel-efficient vehicles from General Motors, Ford and Chrysler. The purchase is slated to include 2,500 hybrid sedans, the largest one-time purchase of hybrid vehicles to date for the federal fleet."​
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Mr. Shaman said:
The Apocolypse is nigh...........just ask any "conservative"-luddite.

:rolleyes:

D.C. has done a 180.........back into The 21st Century!!!!!!!!!!!!!!​
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So now tax dollars will have been spent 2 times in Detroit. Sounds like a great idea....17,600 government vehicles should take care of what 1 of our smaller states or a couple N.E. States?
 
"Government examinations of the finances of the nation's largest banks - the so-called stress tests - are finding the weakened banking system in better shape than expected, according to regulators.

Also yesterday, the Labor Department reported first-time claims for jobless benefits declined by 20,000 last week, although they remain above 650,000, a high level.

Stock markets, which typically begin to rise about six months before an economic turnaround, continued their recent surge yesterday. The Dow Jones industrial average, which has posted gains in each of the past five weeks, jumped 246.27 to 8,083.38. The Dow has risen by more than 20 percent since hitting a 12-year low in early March.

Most economists expect the recession to last into the second half of this year, and unemployment to rise into next year, peaking as high as 10 percent. But the stock rally has been driven by the sense that the darkest days are behind the nation, analysts said. And in recent months, they seemed to be pitch-black."
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......And, once AGAIN.....it took a DEM to clean-up after another BUSH!!!

:D


crying%20bush.jpg


"C'mon, Daddy.....we just ain't got it."​
 
Mr. Shaman said:
......And, once AGAIN.....it took a DEM to clean-up after another BUSH!!!

:D

"C'mon, Daddy.....we just ain't got it."​
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But the democrats didn't do anything to fix everything. In fact, Bush didn't cause the problems to begin with, which has been pointed out to you many times. Of course you can't answer logically, or with evidence. So keep making really stupid comments and posting irrelevant pictures or more blogs. Because that's really all you have.
 
Of course not. Clinton caused the problems. So we've been told. The buck always stops with Clinton. Clinton seems to have been the only President in the last thrity years who actually DID something. If Clinton was so effective, and he must have been, based on what you Conservatives tell us, then we should have changed the Constitution to keep him in office for the rest of his life.
 
No, they all did it, both parties, all of Congress and all presidents. And way, way, WAY too many of YOU, the nation that would rather go into debt than live within your means.

Banks appear better right now in large part BECAUSE of relaxing "Mark-to-Market". That's another way of saying "relaxing regulation". Regulation is what you're always whining for more of, isn't it, Mrs. Haman? In more in-depth articles regarding the stress-test results, there is an indication of some caveats. Strangely, spreads are wider now by about 200 basis points. Banks as businesses live on the spread between interest rates on savings accounts and interest rates collected on loans. THEREFORE, banks are making more money off of us currently, so I guess you could say that some of the ol' "1%-ers" are being given more tools to get richer by the current administration. Funny how that works, ain't it?
 
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Andy said:
But the democrats didn't do anything to fix everything.
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Not yet, Skippy.....but, a good-part of Obama's economic-team are the same folks who pulled our butts outta the last Bush economic-debacle.

:p​

"....Clinton realized there was little he could do about raising spending for his investments if he didn't tackle the deficithttp://www.dailykos.com/story/2006/5/25/151516/617."

*

"Like most people in Washington, Clinton understood that Ronald Reagan was a figurehead and that it was really the Bush Cabal which was running things for all of those 12 years."​
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