United States Heading towards a Depression?

Republican Congress? Last I looked the Democrats controlled two-thirds of the government.

And last I looked, the Democrats controlled the Senate. Oh, I know what you are saying - that the Democrats in the Senate are such wussies that Republicans walk all over them. O.K., is that your argument Rukbat? When you write "Republican Congress", you mean the Democratic Senate is powerless? Please explain it to me. I'm sure you understand the rules of the Senate.

Liberals don't like facts - they prefer slogans. It's how they get brainwashed.

Shhh, don't tell the Liberals that President Bill Clinton approved the Halliburton contracts his first year in office! Don't tell the Liberals that during Clinton's first two years, the Democratic Congress (both houses) shoved millions of dollars of business towards Halliburton!

 

Thought this was interesting

So the US, alone without carrying the weight of state debt is in for 16 trillion. The states are in for another 4 trillion, with another 4 trillion of unofficial debt in the form of unfunded pension liabilities. Of all these heavy debt states, Jersey is among the few that has actually managed to get its budget and entitlements under control.

Its staggering to think about, but when California defaults on it's debt, the federal government will likely bail it out, instantly adding $617 billion plus untold pension liabilities to the national debt. I can see this triggering a wave of credit downgrades. It seems clear that even if we put a reformer in the oval office, Democratic governors could still manage to sink the whole ship.

 

Odd, especially in Virginia requiring women to have an ultra sound before an abortion.

 

Of course they don't, because they are the party of no accountability.

 

Republicans are warmongers and racist.

 

At 5.6% unemployment, Virginia does not seem to be a source of our economic woes. If the choice were legitimately between easy state abortion laws and fiscal sanity, fiscal sanity would be the obvious choice at this particular point in time. What good is progress retained on abortion laws when equal progress is being made toward making us a third world nation?

 

http://online.wsj.com/article/SB10001424052702303302504577325942979719950.html

http://en.wikipedia.org/wiki/Exelon

 

Trying to insult people doesn't help you...

 

I'm so sorry if I hit a nerve I was talking about the party. I can re-phrase it for your convenience.
The Republican Party are warmongers and discussed in this forum many times. These people (again the Republican Party ) are liars, since they had lied so many times about WMD's in Iraq. Spent the money on war. These people (again the Republican Party) consists of white people (again mostly) and if need of votes will say they have Mexican roots.

 

Very cute....

2 simple questions:

Why do you think the above matters, TODAY?

How is the current situtation going to be fixed based on what you just posted?

 

I thought Clint Eastwood summed up Obama nicely in his speech last night:

 

The Democratic Party are warmongers as discussed in this forum many times. These people (again the Democratic Party ) are liars, since they had lied so many times about WMD's in Iraq. Spent the money on war. These people (again the Democratic Party) consists of white people (again mostly) and if need of votes will say they have Mexican roots.

 

lol what are you talking about?

Still avoiding the part where I asked what these magical methods are, though.

Given that reducing a fraction of man's CO2 would not affect warming, and you've already conceded the fact that practically all of the CO2 (and therefore greenhouse contribution) is caused by nature, what are you actually saying? How would eliminating even the full ~3% help in any way? Buy us a few more years? You're very skilled at writing so much without actually saying anything.

Face it mate, when it boils down to it you have no scientific sources or citations to help your argument, so like you are now, you resort to nit-picking irrelevancies.

I've given sources and like those before you you've just ignored them, I've also asked for you to manifest some evidence and you've made no attempt whatsoever. I'm not going to bother discussing the subject any further with you, it's like debating with a child.

 

Corwin: Are you purposefully being stupid? Is your goal to emulate Mikael, the Islamic twister of truth to support lies and hatred???

Is this the 2nd example of you completely losing your mind???

If you are unable to even marginally write things that define reality you need to visit a shrink, a religious leader, your parents, your teachers, or somebody with some moral authority and start life over.

 

Earl, playing the race card is pretty low. You do now the history of the Democratic party, right? Abe Lincoln was a Republican. Ever heard about the Democrats and the Jim Crow Laws?

 

Any reduction (or increase) will have some effect. Start reading peer-reviewed science articles, not Republican talking points.

 

Part of how much I make depends on how cheaply I can buy real estate. If Romney brings the economy further down I'll be able to buy property for not dimes on the dollar but mills on the dollar. LOTS more money for me. (Of course that means more homeless starving people, and some of the 1% don't care about "them" - but I do.)

 

On a single technical point I misread the national graph about job participation. The dates are 3 years apart. the last portion of the graph rolls into this time period.

Regardless, that is a miserable stand alone piece of data. Its one that should be accompanied by other data in that on its own it tells a partial story. The partial story is going to be used by political hacks to defend whatever stupid story they wish to project.

Look, if the majority of Americans were making great incomes that could project a drop in the participation rate of workers. It could suggest that two income families don't need both incomes and one person retires from the work force. Alternatively increases in participation rates could suggest that high income workers lost their jobs. Consequently a spouse is required to work. It could mean that people lost their savings and were required to return to work.

The Romney family has never had a worker participation rate of over 50%. More recently it has had a worker participation rate of 0%. Yet the Romney's pulled in over $20 million/year for the past two years.

The graph on its own tells nothing unless tied to other data.

When looking at the graph I interpret the downward trend during the 2000's to suggest that Americans were losing jobs around 2001 it flattened for a bit...and then the miserable recession from the GOP bush administration and lots of people lost jobs.

Last I recall and read the official start of the recession was 4th quarter 2007 which essentially was the result of 2 successive quarters of downward economic movement. That was way way way before Obama became President.

Now specifically about New Jersey. Since the worst recession hit...which caused tremendous loss of jobs in 2007, 2008, 2009, and bottomed in 2010....there has been growth in jobs. Businesses started rehiring after firing so many people.

I can't understand why you are crowing about job growth in NJ since 2010. Starting in late 2007, the beginning of 2008 and continuing through all of the 2009 till Jan 2010 the huge recession resulted in firings. National job growth started in Feb 2009 and has continued unabated, if very slow since then.

So if you wish to crow about job growth in NJ since 2010 it is a function of private businesses across the country hiring again since they laid off so many workers for the full 2 years before that.

But in Jersey, since Christie took over unemployment has gone up. That means that the work age population is growing faster than the increase in jobs. That is nothing to be proud of.

Simply growth has lagged. Its a fact. Growth has not been dynamic. Its been sluggish and behind the pace of the rest of the nation. hmmmmm

NJ has lost research jobs. Here is one example of hard facts.[/quote]. Those are great jobs...typically 6 figures and well into the 6 figure categories. They are high paying knowledge jobs. They generate strong support jobs and include a damn good multiplier effect to create more jobs around them. I've had friends with those type jobs. You lose 1,000 of those jobs and you lose $100-300 million in income in the state. Significant!!!!!

For finance jobs check out the graph in this article. Over the last several months. Financial industry jobs are DOWN.

All in all I believe this article in the Daily Beast does a great job of characterizing the difference between the hard facts the political bullsh!t from governor christie about the New Jersey comeback. He spent a lot of time "selling" his story in the last year or two. The reality is that as the convention hit and Christie had a chance to speak in front of the entire country...the "New Jersey comeback" he has been touting as GOP propaganda is far more fiction than fact.

Meanwhile, something I wasn't aware of: Christie has plowed state money into a huge shopping center and a casino. Crap. That is a brutal decision, let alone the casino deal right now is a loser.

A shopping center creates low paying retail jobs. Not a way to support a family. Casinos support dealers, and people serving drinks in the hospitality industry. Let alone the state putting money into one casino versus the other casinos in Atlantic City....that doesn't smell right at all.

I'd say that governor Christie is a lot of hot air...both coming out of his mouth, let alone filling his ample stomach.

 

I don't read any party political writings. Most of your country's political debates are absolute junk. I once read some interesting points about how US politicians, who use speech writers, deliberately use shorter syllabic words in order to reach the "base" voters. It never ceases to give me a chuckle or two when I listen to Obama's speeches when he travels the country, to hear the occasional "YYYEEEAAAAH!!!!" from the crowd when he says something particularly touching to them. You Yanks sure do get engrossed

I don't disagree that it will have some effect, but certainly not enough to change anything, so what's the point?