United States Heading towards a Depression?

If that's the case then so be it. Truth comes to us all. Once it is written here it is there for all to see. Opinions are opinions and I believe Breeze Wood believes what he is saying. He has a right to his opinion.

As an Aussie I can't really comment on what really happened, though it's probably just as hard for you guys to work it out with all the secret deals that went on. I see a lot of money was spent on war and then other circumstances led to a major collapse of the bubble created robbing Peter to pay Paul that may have lasted longer without it. It would have fallen at some stage, as all bubbles do. I think much of it started with the petrol rises pushing prices across the board higher, which I believe were initially caused in retribution to the Iraq war and not helped by the lack of respect US government was creating for itself in the arab-oil baron world. From there the bubble did a big boom bang and everyone expects Obama to fix it.

I believe the actions of previous admins over the last 20 years or so have built up the bubble, admittedly making the country at least seem richer than it was, having so many people living on credit, having money magicians turn 1 real dollar into a thousand fake dollars in order for it to go bang in the first place. Now we're stuck with high prices, happy shareholders and an expensive future as corporations get all the power and we just get to dig deeper into our pockets, for now at least.

 

It depends on who you talk to who will agree that everyone has a right to their own opinion. Not all believe that, but I do. Breezewood has chosen the path that allows others to think for him. Truth exists. But when truth "comes" as you say, a person needs the ability to recognize the truth, or the truth comes in vain. With the level of denial of truth that Breezewood has shown here, it looks like he can not accept the truth.

A "big boom bang" is yet to come if things continue on schedule. This was the preliminary. The people who are printing up the money are still hard at it. Russia and China have already started to use their own currencies to replace the "world currency" thanks to its faltering value to be used as a "world currency". The IMF has called for a change in the "world currency". France, a friend of the United States for some time now has called for a change of the "world currency". The pockets of many Americans, and since you said "our pockets" I will include Aussies, do not have much more to go before they have to do something. Something is brewing in Wisconsin, but the results have yet to be seen.

 

Blue Star - The completion of the previous Administrations tenure in office culminated in the worst recession since the Great Depression resulting in the largest budget deficits in the nations history. The present Administrations principals and policies have curtailed the 07-09 recession beginning in June of 09 with positive growth in GDP that continues to the present day.

The reversal of economic catastrophe in so short a time and the progressive expanse continuing to date as judged by history will indubitably be a legacy for any future Administration to be compared by.

 

There was another president that left such a legacy, and apparently Mr. Obama measures up.

 

You see what I mean? Breeze's posts are pathetic. I mean, this post above is complete and total bullshit. What's the sense of discussing anything with him if he is incapable of understanding the discussion?

He can't carry a dialog, he can't remember previous discussions, and he repeats lies he's been caught in in the past. And with the last above post, you have to admit he comes across as creepy. In absolutely no posts does he share his life's experience.

But most importantly Breeze can't carry a dialog. I think that he just doesn't understand what we are discussing.

He's so sad, he can't even defend himself. I for one will refuse to carry a dialog with him until he shapes up. At some point maybe we should all consider a group ignore.

 

Maybe this is the younger brother of "Watson" we are talking to. Watson the computer just got through winning at Jeopardy.

 

Post 9/11 deficits, granted.. highest ever $500 billion, with a B. That was then; circa 2001. By the end of GWB's term, down to $159 billion, with a B.

Obama... Only took a few months to drive it into the TRILLIONS, with a T.

I wonder if Breeze knows the difference between Billion and Trillion.

 

The economic reality is the past Republican Administrations 07-09 Recession caused by their Policies and Principles is responsible for the Trillion dollar deficits that continue to this date.

 

The nonconceptual awareness of intrinsic reality leads me to believe Breeze uses a Buddhist translator to retort.

 

Its important to explain that no "wealth" is being expanded. Its the opposite, and people who just listen to the
"news at ten" for their view of the economy probably believe like you do Breeze...



Every new dollar printed up is a debt. It is an immediate debt that has interest to pay off, which makes the value of every one of those new printed dollars less than the previous printed dollar before it. Debts must be paid off.

 

Hallmark of Democratic legislative success:

 

You mean the $3 Trillion already spent wasn't enough?

 

Speaking in "Trillions" is a new phenomena and a necessary step to broaden the general publics understanding of the magnitude and breadth of the nations economy......


Corwin, mystic91's note - the wasted monies in Iraqi were also a cause of the 07-09 Republican Recession should not be overlooked as being likewise necessary for the solution.

You are way ahead of us O, most are holding comment on the 112th but leave it to a progressive to let the Kitty out of the bag.

 

I think Shawn has had his laughs - OK Shawn, please turn off the bot.

 

Dear breezebot. The total defense spending in the US fiscal 09 (excluding the dept of Homeland Security, Veterans Affairs AND the wars in both Iraq and Afghanistan) was around 4% of GDP. Add in the things I excluded and you are between 5-6% of GDP.

The total for all of the DOD and HLS was about $737 billion. Now add in the wars and Veterans Affairs.

Something's not adding up in your math buddy.

http://www.gao.gov/financial/fy2009/09stmt.pdf

07-09 is there. Happy reading.

 

At least the president is veering to the middle like Clinton did to save the sinking economy. Lets see, he's backing the unions in their efforts to keep state governors from balancing their budgets. His homeland security department refuses to deport illegal aliens defrauding the states of entitlement spending. What else.... oh.. there is this....

Glad to see he has a laser like focus on the economy. Interesting to note that he thinks it is the job of the executive branch of government to determine the constitutionality of laws already on the books. I personally wouldn't mind if this particular law was overturned, but since when does the President start picking which laws he will and wont enforce? That sounds more like a dictatorship to me.

 

Kinda ironic that given his area of specialty as a lawyer was Constitutional law. Funny how little he knows about it.

 

For those playing along from other venues...
In order to create a separation of powers in the US government, the founders created three distinct branches, executive, legislative, and judicial, each with their area of authority. It's a system of checks and balances.

In the example above our executive branch just decided they could overturn a law created by the legislative branch by ruling as if they were the judicial branch. In a nutshell, it is arrogant and stupid, and Obama is going to catch hell for trying to play the part of all three branches at once. Doesnt matter if someone likes or dislikes the law involved, our president doesnt hold dictatorial powers.

In light of recent events, this probably isn't the month to decide to become a dictator anyway.

 

I think this thread has made it come true; you all seem so depressed lately. Have you's worked it out yet?

 

Here is where the money is going...

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