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Best Congress Ever! Oh, wait... 11%?

Hits: 27615 | Rating: (2.1) | Category: News & Politics | Added by: 5Cats
Page: 1 2 3 4 5 6 Next >   Jump to: Bottom    Last Post
sssfdg
Male, 18-29, Canada
 190 Posts
Monday, August 09, 2010 12:22:04 PM
Sorry I just read a bit more... Politsite "Politics from the RIGHT side of the web".... I have never seen a journalisic site so blatently post their bias nature.

sssfdg
Male, 18-29, Canada
 190 Posts
Monday, August 09, 2010 12:19:08 PM
Wow just stunning ignorance from the poster... and the American public.....

Am I the only one who noticed that the confidence in banks rose 1% during the economic decline.... wasn't the decline caused by the banks?

It's this level of retarded logic that is bringing an end to the American empire.

SephirothA83
Male, 18-29, Midwest US
 963 Posts
Wednesday, August 04, 2010 8:32:26 AM
@CrakrJak

I don't mean to point out the obvious, but both of those charts clearly show that the recession began prior to Obama taking office. In addition I went to that website and clicked on the Real GDP for the US(Quarterly) and it shows an awfully large jump from '08 to '09. Again, would this be possible with McCain or any other person to take office? Who knows, we just know what the result of our actions are and what information we have available to present.

wheresmyskul
Male, 40-49, Western US
 248 Posts
Wednesday, August 04, 2010 8:06:46 AM
@Dolomyte:

Of all the comments on this post, you have presented the least emotion-and-politics-driven argument. Good job!

I would hope that the rest of you folks on here can see what an unbiased and thoughtful contemplation looks like. Too many people are in the tank for their political party, blaming everything--EVERYTHING--on the other guys. But let me tell you: Neither party has more blame than the other. I just smile and nod when someone jumps up on their soapbox and tries to tear down the other party in order to make their party look better.

Wake up, people!

Musuko42
Male, 18-29, Europe
 2850 Posts
Wednesday, August 04, 2010 4:55:13 AM
@DarthJay

"The really sad part is the liberals blissfully igore that fact that the economy started going in the crapper about two years before Bush left office. Oh wait...that was when Democrats won control of Congress again. An inconvienient truth?"

A house burned down the other day. Curiously, the fire got really bad at around about the same time the firefighters showed up.

I can only conclude that the firefighters caused the fire to get worse.

(In case you're thick and didn't get it; ever consider that the Democrats got power because the economy went bad, not that the economy went bad because the Democrats got power? Or even that the two events aren't causally related?)

It's a sure sign of an idiot that you think A MUST cause B, just because they happened at the same time.

CrakrJak
Male, 40-49, Midwest US
 17310 Posts
Wednesday, August 04, 2010 3:48:10 AM
ggolbez: Keith Olbermann is the worst political hack ever given a show. His ratings are abysmal, He reports innuendo without checking facts, and is the biggest douchebag on tv. The man is utterly without shame and believes his degree from an agricultural school is from the prestigious 'Cornell University'. He absolutely will not cover any liberals failure, To the point that when the Monica Lewinsky scandal broke he went home and hid in his bathtub. He's been known as 'Bathtub Boy' ever since.

CrakrJak
Male, 40-49, Midwest US
 17310 Posts
Wednesday, August 04, 2010 3:30:24 AM
IamBored29 = Liberal Tool

CrakrJak
Male, 40-49, Midwest US
 17310 Posts
Wednesday, August 04, 2010 3:27:54 AM





Baal: Are you really being serious ? It's obvious the US GDP is down and unemployment is near 10% (and unemployment is much higher than 10% in many states). My Source

Looks like you got a graphic from Obama's own website, But the reality doesn't fit that graph.

Dolomyte
Male, 18-29, Midwest US
 102 Posts
Tuesday, August 03, 2010 4:18:17 PM
@Cajun247

Therein lies the problem. A financial catastrophe will occur regardless if things stay the same or if things change. Do you want to peel the band-aid off slowly or in one swift move? I feel it should get done now before more property and wealth is consolidated from the people of America. After all, the banks are doing better than ever because they never lost anything in this recession nor in any recession prior to this one. They still own all those foreclosed homes remember. If congress fulfilled their Constitutional obligation as stated in Article 1 section 8 to coin money and regulate the value thereof instead of delegating some bureaucracy to handle their responsibility then maybe their approval polls would be better than 11%.

Cajun247
Male, 18-29, Southern US
 10349 Posts
Tuesday, August 03, 2010 3:30:18 PM
@Dolomyte

So how do you propose getting rid of the Federal Reserve without causing another major economic catastrophe?

Dolomyte
Male, 18-29, Midwest US
 102 Posts
Tuesday, August 03, 2010 2:39:49 PM
Both these recessions are a result of banks getting greedy and abusing a flawed system to collect interest on money they do not have. More regulation will subside this behavior for some time until some new loophole is discovered and we go through this boom-bust cycle again. The real change we need is to scrap the flawed system of allowing a bank to loan out more money than it has in holdings. That is why I am against the Federal Reserve System.
Thank you for reading through my long boring posts.

MrTwidget
Male, 30-39, Eastern US
 781 Posts
Tuesday, August 03, 2010 2:36:40 PM
Haha, polls.

Dolomyte
Male, 18-29, Midwest US
 102 Posts
Tuesday, August 03, 2010 2:34:32 PM
So when a mortgage defaulted, the bank lost the equity in which they justified ten other mortgages off of. The house of cards fell.

Now lets look at the 1920's and what lead up to the Great Depression.
In the '20's the Federal Reserve System and this fractional reserve system was brand spanking new. Money was available to the public in large quantities and the banks liked being able to loan money, problem is most people did not know what to do with this money, next came the scheme. Advertisements abounded, 'invest in the stock market', 'get rich quick', 'your investing in America'. Banks were loaning money as if their was no tomorrow. Then one day a man came to the counter to collect his money he had with his bank, but the bank refused because the bank had no money. It was all loaned out. This created mass histaria and runs on banks, loans ceased and the stock market crashed.
cont...

IamBored29
Male, 18-29, Eastern US
 647 Posts
Tuesday, August 03, 2010 2:19:12 PM
CrakrJak=Conservative Troll

Dolomyte
Male, 18-29, Midwest US
 102 Posts
Tuesday, August 03, 2010 2:18:24 PM
@SephirothA83

You talk about how this recession compares to the great depression and in fact it is very similar because the same flawed system is at work.

Let me explain what happened then and what happened now. First this recession was created over a period of about 10 years when banks started loaning more money than they had, and this is allowed in our Federal Reserve System of fractional reserves, for house mortgages. The more money loaned the more money the bank makes in interest and if the loan is defaulted then the bank still gets the property, which has tangible value, unlike a fiat currency. So either way the bank wins. After Glass-Stiegal act crumbled then home equity loans were on the market so even more mortgages were up for grabs. Then to loan out even more money, mortgage companies started inflating the value of homes.
cont...

WizardofCOR
Male, 40-49, Western US
 156 Posts
Tuesday, August 03, 2010 2:15:58 PM
I find it mildly amusing that some people want to blame the entire congress for not being able to pass legislation, when the party that has been inhibiting that progress has been made clear time and time again...
Polls like this are inflammatory and useless, just like the right side of the political spectrum.

ggolbez
Male, 18-29, Eastern US
 1945 Posts
Tuesday, August 03, 2010 1:57:38 PM
http://www.youtube.com/ watch?v=RtnE4C9Gv5U

Malakos
Male, 18-29, Western US
 112 Posts
Tuesday, August 03, 2010 1:56:12 PM
Good lord. I don't think I've ever seen a tag as inflammatory as this one.

EricWRN
Male, 30-39, Eastern US
 593 Posts
Tuesday, August 03, 2010 1:45:22 PM
I HATE when people hear something negative about Obama and immediately say "well Bush did x!". Bush was not a conservative, he was barely a republican... he enacted two huge social spending programs, Medicare D and TARP. Just because you don't blindly route for Team Obama doesn't mean you blindly routed for Team Bush. Some people in this country think for themselves and don't just follow one brand or the other just because of the label. Bush Jr was certainly responsible for the beginning of the recession but Obama really floored the gas pedal in a car headed towards a cliff.

Two more points: Whomever was citing past presidents grossly generalized and misrepresented history and seemed to forgot that Obama came into money, is a lawyer, and spent more on his campaign than any politician ever. Second; that graph posted earlier was completely meaningless. It was a graph representing government spending, basically. Try posting a graph of our debt to GDP ratio or the unemp

Buiadh
Male, 30-39, Europe
 6653 Posts
Tuesday, August 03, 2010 12:33:30 PM
Problem is, Americans haven't had to cut back for many many years in the same way as the rest of the world has.

All of a sudden they have a blip and start panicing.

Cajun247
Male, 18-29, Southern US
 10349 Posts
Tuesday, August 03, 2010 12:17:22 PM
@DarthJay

Don't blissfully ignore the fact that the Republicans approved the spending that took place the following year after they left.

Fatninja01
Male, 18-29, Australia
 24833 Posts
Tuesday, August 03, 2010 11:52:27 AM
meh!

DarthJay
Male, 30-39, Southern US
 338 Posts
Tuesday, August 03, 2010 11:30:51 AM
@SephirothA83

Hey - never once did I say that Bush didn't have any blame. My point is that instead of acknowleding the additional damage this administration and especially this Democratic controlled Congress is causing, liberals would rather blame all the current woes of the country on Bush. The fact of the matter is we haven't even BEGUN to see the extra woes this administration has plunged us into.

Buckle up.

Buiadh
Male, 30-39, Europe
 6653 Posts
Tuesday, August 03, 2010 11:19:17 AM
At least he's not a republican.

dave32891
Male, 18-29, Eastern US
 548 Posts
Tuesday, August 03, 2010 11:07:22 AM
@wheresmyskul
if you didn't vote for obama or mccain then you basically wasted your time and your vote

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