United States Heading towards a Depression?

Very bad choice of words, mate, very bad choice of words...

 

Oh, I think he sees it, he just chooses not to acknowledge it.

 

No, it was the Bush Administration's Policies and Principles that led to the Great Recession. The present Administration and their correct use of the Federal Reserve is what ended the Great Recession.

Blue Star, it is who's hands the tools are in that make the difference.

The applause for the Obama Administration is deafening......The Tea Party Republicans stand in utter admiration.

 

The only mistake US made was opening war front in two countries at the same time.. They should have attacked Afghanistan alone, beat the hell out of Taliban's ass, help established a democratic government and infrastructure. And then move back and cut all the aid to Pakistan.

 

The Democrats are not done with the Democratic Depression. That big sucking sound you hear is the sound of Democratic politicians stealing taxpayer money by bloating bills and budgets into the hundreds of billions of dollars:

California $6.8 Billion High-speed rail system that no one wants could become $100 Billion because of dishonest cost estimates

A case study California Democrat corruption, - connected contractors and Democratic Party make off with that taxpayer money
P.S. The Obama Administration is all for it..

 

You are one implacable person, but I thank you for it. You are exactly right, just like a knife, it depends on whose hands the "tool" called the "central bank" is in. They have been in the same hands for years and they are doing the SAME things they did back in the 1930s.



Do I thank you for not caring about the truth, Breeze Wood ? You are getting a flogging here in this thread because of it. Do you realize what you look like here ? But please... dont go anywhere. As I said, some actually do care about the truth.


For those who care who runs the Central Bank, Blogmaster ( LINK ) gladly provided a graphic for it. Here is is again :

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My cynical side is standing here, jaw agape. The Obama DOJ just delivered a life threatening blow to the AT&T / T-Mobile merger by filing suit to block it's completion. Granted, it is not the DOJ's place to make decisions on anti-trust, but rather that of the FTC. Still, looking at the business environment in the S&P 500, it would seem the FTC only cares about backroom deals and who is paying them off.

Chalk one up to Eric Holder and the DOJ, for doing something right for a change. Perhaps this is a way for them to distract from the negative attention the ATF/Operation Fast and Furious has brought them, especially since the head of the ATF fell on his own sword a few days ago.

And of course, the comedy(from the same source):

Really? 5000 jobs? You shouldn't have. What is that, 2% of the jobs your cr*p ass poor service providing, over charging, non-income tax paying company, run by incompetent buffoons already exported? Please. Take your 5000 minimum wage jobs and shove them where the sun don't shine. T-Mobile will hire 20x that many people as it sucks up your market share, providing a better product, with better customer service, at a lower cost.

 

Unemployment above 9%, underemployment far higher, massive numbers of people simply giving up on ever finding work again, banks refusing to accept deposits, the national debt at record levels, the national credit rating lowered for the first time in history, home values continuing to fall, GDP almost frozen, ... only a leftist could see the Obama presidency as a success.

 

I will give them one thing; they are optimists...

 

Unfortunately a lot of Europeans are brainless enough to defend him. "I love him, he is so much better than Bush". Basically he is better at telling people what they want to hear. But how exactly has policy changed on major issues? It hasn't.

 

GDP almost frozen

No, it is never frozen and has been positive since June of 09 to this quarter and represents the curtailment of the Republican 07-09 Recession that involved all quarterly negative GDP.

The above by Spencer of course is the responsibility of the previous Administrations Policies and Principles, the immoral Iraqi war and off-budget unfunded wars in Iraqi and Afghanistan.

The Obama Administration irregardless its ineptitude for public relations has managed a steady course and with two months and a year remaining till the 2012 elections has plenty of time remaining for its impressive performance to date to culminate in re-election.

The peaking of the Republican onslaught of misinformation and deceit from this point forwards will be its own weight of irreality to maintain and by next Nov. will be proven the fallacy that so ashamedly has not yet been brought to bare for the American public.

 

Breeze, historically following a recession you see double digit GDP numbers. Right now we've not seen anything near that. In fact, GDP has been at a stand still and near flat/negative numbers. All this after Obama spent trillions trying to get things going. If he would have left it alone we'd have less debt, no deficit and likely more positive numbers.

There you go again. Blaming a unilateral and congressionally bi-partisan approved funding of a anti-terror effort for the ineptitude of failed leadership. You can call it immoral all you want. It's not going to change the facts regarding its support funding and necessity.

HeHe... He said irregardless again...

The administrations performance is anything but impressive. It is dismal at best, and status quo in a lot of other areas.

You really like using I's and R's in front of words, don't you...

What word shuffler did you use to generate that line of hogwash?

 

More good economic news - the Recovery continues to expand.

The difference for an even better year ahead than the past is all but reassured.

 

This year is worse than last year. Did you forget about the 402,000 new jobless claims last month?

 

You said that like you had something useful to add to this debate, only you didn't. The only time I see Breeze Wood off topic here is when he's responding to mindless crap like you post frequently.

 

Breeze is neither on topic nor lucid. He is amusing though.

 

Keep living in dream land... the price of gold just went up another ten to twelve percent. Hey Breeze Wood, you know
what that means ? The value of the dollar just went down some MORE. In other words, people are paying more for things. And you think this is better ? Looney thinking... plain looney.

 

I just started reading a book. It's titled, " Aftershock: Protect Yourself and Profit in the Next Global Financial Meltdown." I'll have to finish reading it before I know how good it is. So far I've read Chapter 1, and it was kind of boring. The reason why, is the entire first chapter is dedicated to claim how they basically know it all, and other economists don't.

But, otherwise it looks kind of interesting. I'm glad I bought it. What I gather from the book so far is they believe that the steps that have been taken thus far for the economy will not heal it, but delay the inevitable. They believe the economy will get worse, and it will probably hit hard in about 2-5 years from now. Anyone else heard of this book? I've seen people spamming it online (that made me wonder). But, I didn't buy from the people spamming it, I just took down the title and found it on Ebay.

 

And the DJIA, a forward-looking indicator of where the economy is going just fell another 119.96 points to 11,493.57.

 

The answer to your query Blue Star is to repurchase the devalued dollars if monetary "Tightening" it is the policy the Federal Reserve is pursuing.

The policy at the present time is Liquidity.

There was a sense the inevitable had been averted.....

The fact is the Recession came to an end in June of 09 so the "steps that have been taken thus far for the economy" did heal it.

If there is a renewed Recession (reversal) lets hope those authors are looking at the Tea Party and Republicans and not in the direction of the Federal Reserve and the present Administration.