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Date: 01/29/14 02:34 PM

32 Responses to State Of The Union

  1. Profile photo of An-egg
    An-egg Male 30-39
    885 posts
    January 29, 2014 at 1:52 pm
    Link: State Of The Union - I have no funny. It isn`t funny
  2. Profile photo of Gerry1of1
    Gerry1of1 Male 50-59
    36870 posts
    January 29, 2014 at 2:46 pm

    If you don`t have time to watch it I will summarize it for you.
    He starts out with lies, moves on to damn lies and then tells some Whoppers!
  3. Profile photo of DromEd
    DromEd Male 40-49
    1947 posts
    January 29, 2014 at 3:06 pm
    If everything is so wonderful why is everything so terrible?
  4. Profile photo of dagfizz
    dagfizz Male 30-39
    20 posts
    January 29, 2014 at 3:12 pm
    I couldn`t tell what he was saying because he didn`t have that African sign language guy doing the cheerleader arm moves.
  5. Profile photo of ForSquirel
    ForSquirel Male 30-39
    2197 posts
    January 29, 2014 at 3:22 pm
    first 30 seconds I could tell it`s not worth watching.
  6. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 3:28 pm
    DromEd

    "If everything is so wonderful why is everything so terrible?"

    What is so terrible?

    Basically EVERYTHING about my life has improved since 2009. Is yours worse?

    My house value is up $75,000. My income is up $35,000 a year. My mortgage rate is down 1.6%. My business has added 3 employees. My business revenue is up 80%. My 401k is up 30%. My other stocks are up almost 80%. My cousin is no longer in Iraq.

    What am I missing?
  7. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    January 29, 2014 at 3:33 pm
    @ HolyGod: Dagnabbit! There you go again, spouting your FACTS. *fume*

    ~chortle~
  8. Profile photo of QueenZira
    QueenZira Female 18-29
    2228 posts
    January 29, 2014 at 3:54 pm
    SOTU doesn`t really mean much in the long run, it`s the constitutionally mandated speech called for in January, when everyone gathers together (presumably for warmth) and we have a little powwow over what our priorities are. A nice gut check, in other words.

    I`ll be waiting for the commentary on the R responses, there`s been like 5 different ones, no joke. Symptomatic of a party that can`t get its s#it together and find a leader or even a single unifying message. Best case scenario we get more fodder for the late night comedians ala Jindal. Here`s to hoping.
  9. Profile photo of Angilion
    Angilion Male 40-49
    12387 posts
    January 29, 2014 at 3:57 pm
    Holygod:

    What you`re missing is that you`re rich.

    Things have improved for people who are rich and continue to improve.

    They got worse for people who are poor and continue to worsen.

    They got worse and are now unchanging from that position for people in between.
  10. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 4:17 pm
    Angillon

    "What you`re missing is that you`re rich."

    I don`t consider myself rich. I am most definitely middle class, albeit probably on the higher side of that. I`m just a small business owner.

    I fully understand that those truths are simply true to ME. Everyone has their own experiences. I am certain some people are worse off now than in 2009. I simply contest many more are better off.

    The things in my life that have improved are part of a larger improvement. Almost EVERY economic indicator is up from 2009. EVERYTHING.

    I simply don`t see how everything is "so terrible".
  11. Profile photo of OldOllie
    OldOllie Male 60-69
    15841 posts
    January 29, 2014 at 4:37 pm
    From everything I`ve heard about it, I`m glad I didn`t waste my time watching it.
  12. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 29, 2014 at 4:48 pm
    HolyGod, 2009 was a trough. That`s like saying in 2006 "everything is better today than the day the dot com bubble burst", or in 1990 saying "everything is better today than on Black Tuesday". There are these things called business cycles.

    There`s also a thing called stagnation. That`s us. This isn`t the Great Recession, it`s the Great Stagnation.

    And aren`t you a white person in coastal California? That basically means you`r rich to the 95% other Americans. It`s ok, I get the guilt thing now.
  13. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    January 29, 2014 at 4:48 pm
    @ HG: While I think things are definitely improved from 2009 (thank goodness), I`m afraid that, in the bigger context of the past 30 years, the middle class continues to lose ground.

    Obama`s managed to reverse some trends short-term, but I`m still pessimistic about this country`s long-term prospects. Unfortunately.
  14. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 29, 2014 at 4:54 pm
    Fortunately Squirz, pretty much every other country is in decline too. That`s why the main thing I agreed with in the speech was his idea that "America was still THE place to do business". To some extent true, that`s just the inherent nature of our country. France isn`t going to replace us.

    But the middle class will continue to decline as long as interest rates are suppressed, causing massive wealth imbalance. As long as QE continues to exist, QE is the biggest contributed to inequality. As long as the Central Banks keep blowing up bubbles - all growth since the 90s has been based on Central Bank induced bubbles.
  15. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 4:58 pm
    Andrew155

    "And aren`t you a white person in coastal California? That basically means you`r rich to the 95% other Americans. It`s ok, I get the guilt thing now."

    I`m 25% middle eastern, but I look white. I live in Phoenix, AZ. I don`t feel guilty about anything. I just think it is a moral imperative to help people when I can.
  16. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 5:06 pm
    Andre155

    "it`s the Great Stagnation"

    American GDP per capita according to the world bank:

    2004: $41,929
    2005: $44,314
    2006: $46,444
    2007: $48,070
    2008: $48,407
    2009: $46,999
    2010: $48,358
    2011: $49,854
    2012: $51,749
    2013: $52,839 (Estimated)
    2014: $54,609 (Projected)

    So where is the stagnation? I see it 2007 - 2010, but we`ve pulled out of it now.
  17. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    January 29, 2014 at 5:35 pm
    @ Andrew155: "As long as QE continues to exist, QE is the biggest contributor to inequality."

    Queen Elizabeth died a long time ago. Duh! And if you`re talking about Queen Elizabeth II, she`s just a figurehead so it isn`t logical that she has much of an influence on wealth distribution. Sheesh. Some people!
  18. Profile photo of mykunter
    mykunter Male 40-49
    2424 posts
    January 29, 2014 at 6:07 pm
    @HolyGod: If you`re doing so well, go feed those God damn third world kids you`re so worried about. Obama is a f*cking joke and so are you.
  19. Profile photo of emmettyville
    emmettyville Female 40-49
    4348 posts
    January 29, 2014 at 6:23 pm
    that man makes my skin crawl.
  20. Profile photo of Squrlz4Sale
    Squrlz4Sale Male 40-49
    6230 posts
    January 29, 2014 at 6:35 pm
    @ Mykunter: May I suggest taking it down just a notch? Or maybe taking a break from the interwebs for a bit?
  21. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 6:39 pm
    mykunter

    "If you`re doing so well, go feed those God damn third world kids you`re so worried about."

    I sponsor 2 kids in south america.
    I do habitat for humanity once a year.
    I volunteer doing weekly art therapy with homeless kids.
    5% of my overall business revenue goes to a charity I work closely with.

    You don`t know anything about me, or what I do to try to help people.

    "those God damn third world kids"

    Have you completely loss touch with your humanity? How does someone get to be like this? I pity you.

  22. Profile photo of 5Cats
    5Cats Male 50-59
    33142 posts
    January 29, 2014 at 7:00 pm
    Income inequality? Oh Yeah!
    In the past 5 years? The Rich have gotten more richer and the Middle Class and Poor have gotten more poorer!
    I wonder who`s to blame?

    The entire US economy is bracing for the disastrous ACA Employer`s Mandate... let`s raise the minimum wage too & really kill it!

    Real Unemployment is at around 11%, those employed full time is the lowest in 20-odd years. Even though the population is bigger! There`s fewer people working.
    Period.

    SCFOAMF
  23. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 7:12 pm
    5Cats

    B.itch about income inequality and then complain about an attempt to make sure the working poor have access to health insurance and that the working poor make more money.

    Those things address income inequality, or at least attempt to.
  24. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 29, 2014 at 8:27 pm
    Squirz, that was a good joke!

    HG - GDP per capita is up, this is a good thing. Our GDP has only gone up and up and is one of the most resilient in the world. We are far less stagnant than most of Europe. So I`m happy that we`ve handled the crisis better.

    But here are factors of why we are not truly robust anymore.

    All the growth since 2009 is on the back of 7 trillion in additional debt. Your stats go back to 2004, if we measure from them it`s 10 trillion total. If you have to take out 10 trillion in loans to grow at a rather lame pace for the past 10 years, it`s a big problem. This is a bipartisan issue. All of our growth since the 80s has been debt-based.

    In addition to the growth being on the back of 10 trillion since 2004, it`s on the back of the biggest monetary experiment in history. Currently 1 trillion a year of wealth creation.
  25. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 29, 2014 at 8:27 pm
    Some more things:

    We are in a giant asset bubble, with a number of things overvalued. Housing and stocks perhaps most so.

    Quite a large current account deficit.

    A dismal labor market, labor force participation.

    We are no longer capable of "growing out of the debt" even if we wanted to.
  26. Profile photo of Andrew155
    Andrew155 Male 18-29
    2579 posts
    January 29, 2014 at 8:30 pm
    There`s also 1.2 trillion in student loans and a myriad of other problems like this. It`s like a pile on.
  27. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 8:35 pm
    Andrew155

    I agreed with almost everything you just said. Very well put.

    I don`t understand at all why we can`t run the country with a balanced budget. I think spending could easily be reduced 20% and taxes should be raised.

    The problem we have now is that the deficit is so large and the interest alone is so high that not only would we have to balance the budget we`d have to have a huge surplus for decades to have any hope of even reducing the debt, let alone eliminating it. So I don`t know what the solution is.

  28. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 29, 2014 at 8:40 pm
    Andrew155

    "A dismal labor market, labor force participation."

    America has a difficult problem with the labor market.

    In the 40s, 50s, 60s, and 70s you could work hard at a job that didn`t require additional schooling and make enough to live your life, raise your family, own a home. People had careers. Those jobs were in the manufacturing sector. Manufacturing went away.

    Now those jobs are in retail, service, and restaurants and they don`t pay enough to live on.

    So we`ve created a whole class of working poor, a problem, not only for them, but for the whole country. These people don`t pay taxes, they require government assistance to survive, and they don`t have enough disposable income to provide any stimulation to the economy.
  29. Profile photo of mykunter
    mykunter Male 40-49
    2424 posts
    January 30, 2014 at 3:20 am
    My house value is up $75,000. My income is up $35,000 a year. My mortgage rate is down 1.6%. My business has added 3 employees. My business revenue is up 80%. My 401k is up 30%. My other stocks are up almost 80%. My cousin is no longer in Iraq.

    What am I missing?

    See your previous post.
  30. Profile photo of DromEd
    DromEd Male 40-49
    1947 posts
    January 30, 2014 at 6:44 am
    Senator Obama.....Increasing America’s debt weakens us domestically and internationally. Leadership means that “the buck stops here.” Instead, Washington is shifting the burden of bad choices today onto the backs of our children... America has a debt problem and a failure of leadership. Americans deserve better.

    What is it now...7 or 8 trillion more under PBO? Yeah but things aren`t terrible. Real unemployment through the roof but things aren`t terrible.

    Everybody in Washington is responsible for this shambles.




  31. Profile photo of DromEd
    DromEd Male 40-49
    1947 posts
    January 30, 2014 at 10:08 pm
    Yeah HG...bring it bitch..

    What nothing?

    No surprise there.
  32. Profile photo of HolyGod
    HolyGod Male 30-39
    6919 posts
    January 31, 2014 at 9:46 pm
    DromEd

    "Yeah HG...bring it bitch..

    What nothing?

    No surprise there."

    A day and a half later? Awesome.

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