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Getbig Main Boards => Gossip & Opinions => Topic started by: Coach is Back! on January 12, 2012, 08:17:46 PM

Title: Worst Recovery Since The Great Depression
Post by: Coach is Back! on January 12, 2012, 08:17:46 PM
http://www.forbes.com/sites/peterferrara/2012/01/12/the-worst-economic-recovery-since-the-great-depression/
Title: Re: Worst Recovery Since The Great Depression
Post by: 20inch calves on January 12, 2012, 10:01:25 PM
it amazes me that ppl are still even considering voting for obama again. i said it when he got elected..he will go down as the worst president in history...well maybe not if the liberal media has anything to do with it. they write history how THEY see it
Title: Re: Worst Recovery Since The Great Depression
Post by: pedro01 on January 12, 2012, 10:12:24 PM
Indeed, not only that, he's coming out with all his hope & change shit again.

How can people fall for that twice?
Title: Re: Worst Recovery Since The Great Depression
Post by: 20inch calves on January 12, 2012, 10:22:42 PM
Indeed, not only that, he's coming out with all his hope & change shit again.

How can people fall for that twice?

yeah. bad move. the only hope that we have is that he gets out of office before he gets america another trillion in debt
Title: Re: Worst Recovery Since The Great Depression
Post by: Busted on January 12, 2012, 10:26:35 PM
Americans have such short memories... Bush had 2 illegal wars, the worst terrorist attack in our country's history, bank deregulation, economic collapse, bank bailouts, patriot act, torturing, outing of CIA Agents, and has 2 international courts hearing cases over war crimes he committed...  And someone says "Obama will go down as the worst president in US history"...

Title: Re: Worst Recovery Since The Great Depression
Post by: howardroark on January 12, 2012, 10:27:08 PM
Obama has done everything wrong, with the help of his Keynesian economic advisers... We need an oldschool President who will slash budgets and cut taxes.
Title: Re: Worst Recovery Since The Great Depression
Post by: Busted on January 12, 2012, 10:29:08 PM
Im not defending Obama in the slightest... But listening to the rhetoric from the right wing is disgusting... Not a single politician is going to create jobs... They are gone and never coming back... so you might as well learn mandarin...
Title: Re: Worst Recovery Since The Great Depression
Post by: howardroark on January 12, 2012, 10:30:35 PM
No politician will create jobs - that's why you need to cut the size and scope of the federal government and allow those resources to be used by entrepreneurs, who will create jobs.

Americans have such short memories... Bush had 2 illegal wars, the worst terrorist attack in our country's history, bank deregulation, economic collapse, bank bailouts, patriot act, torturing, outing of CIA Agents, and has 2 international courts hearing cases over war crimes he committed...  And someone says "Obama will go down as the worst president in US history"...



LOL, what bank deregulation occurred under Bush? Sarbanes-Oxley? Do you even know what you're talking about? Bush has been the Biggest Government Republican President to date... he regulated more than Obama ever has: http://www.huffingtonpost.com/2011/10/26/obama-passed-fewer-regulations-than-bush_n_1033086.html (http://www.huffingtonpost.com/2011/10/26/obama-passed-fewer-regulations-than-bush_n_1033086.html)

The fact of the matter is that this country is suffering after an onslaught of Big Government brought about by both the Republicans and Democrats.
Title: Re: Worst Recovery Since The Great Depression
Post by: DBX on January 12, 2012, 10:31:49 PM
obama killed  osama ,kim  jong il  and gadhafi , never forget that
Title: Re: Worst Recovery Since The Great Depression
Post by: Busted on January 12, 2012, 10:33:48 PM
We have the lowest taxes in US history... Not a opinion, a fact... I pay less business taxes in the US than I do in Singapore...

We need to STOP policing the world at the cost of the US tax payer. Stop dropping bombs on 5th world countries so corporations can profit. We also need to end the federal reserve so it cant inflate our currency anymore. Those 3 things will cut many trillions.


Obama has done everything wrong, with the help of his Keynesian economic advisers... We need an oldschool President who will slash budgets and cut taxes.
Title: Re: Worst Recovery Since The Great Depression
Post by: kawaks on January 12, 2012, 10:42:57 PM
http://www.forbes.com/sites/peterferrara/2012/01/12/the-worst-economic-recovery-since-the-great-depression/

Get IN on the BULL market mate, stocks hit their 52-week lows here in Australia a few weeks back.

BUY the EUR/USD
SELL the USD/CHF

BUY ASX:RIO
BUY: ASX:BHP
Title: Re: Worst Recovery Since The Great Depression
Post by: Busted on January 12, 2012, 10:47:40 PM
Jobs are not coming back because technology has removed them.  This is the REALITY of it.  American employers have to pay insane amounts for healthcare, this alone forces jobs to leave the US as we are the only industrial nation that doesn't have a universal healthcare system not for profit. Would you keep your business in the US when you could go to another country and save $20,000 per employee on health care costs? Imagine if you have 10,000 employees? And local government will wave all your local taxes for 20 years if you move to them?  if your the owner, its a difference between making 10 million a year, and 100 million. This is why the "1%" keeps getting richer, because they are taking adv of the world wide economy. A factory that employed 1000 in 1995 only needs 50 in 2012 due to robotics and machines. A call center that needed 200 in 1995 now only needs 20 because computers answer the calls for them and they have help sections on their websites. Along with this population keeps increasing.  It is a mathematical fact unemployment is going to keep getting higher and higher and there is nothing anyone can do to stop it.

Paulson came to Bush to bail out the banks when he was Sec of Treasury.   Who doesn't know what they are talking about?

No politician will create jobs - that's why you need to cut the size and scope of the federal government and allow those resources to be used by entrepreneurs, who will create jobs.

LOL, what bank deregulation occurred under Bush? Sarbanes-Oxley? Do you even know what you're talking about? Bush has been the Biggest Government Republican President to date... he regulated more than Obama ever has: http://www.huffingtonpost.com/2011/10/26/obama-passed-fewer-regulations-than-bush_n_1033086.html (http://www.huffingtonpost.com/2011/10/26/obama-passed-fewer-regulations-than-bush_n_1033086.html)

The fact of the matter is that this country is suffering after an onslaught of Big Government brought about by both the Republicans and Democrats.
Title: Re: Worst Recovery Since The Great Depression
Post by: Busted on January 12, 2012, 10:51:11 PM
I only invest in physical gold, silver, palladium and agricultural commodities.

Get IN on the BULL market mate, stocks hit their 52-week lows here in Australia a few weeks back.

BUY the EUR/USD
SELL the USD/CHF

BUY ASX:RIO
BUY: ASX:BHP
Title: Re: Worst Recovery Since The Great Depression
Post by: Coach is Back! on January 12, 2012, 10:53:23 PM
obama killed  osama ,kim  jong il  and gadhafi , never forget that

Yeah. Good thing he did not repeal the Bush policies like he wanted too.
Title: Re: Worst Recovery Since The Great Depression
Post by: pedro01 on January 12, 2012, 10:53:50 PM
"A factory that employed 1000 in 1995 only needs 50 in 2012 due to robotics and machines."

That is not even close to true.

Fact is, employers don't even know what an employee will cost them under the Obama regime. Salaries are cheaper elsewhere but there's also certainty elsewhere too.
Title: Re: Worst Recovery Since The Great Depression
Post by: pedro01 on January 12, 2012, 10:55:39 PM
I only invest in physical gold, silver, palladium and agricultural commodities.


You must have a big house. Where do you keep all that stuff?

If you are investing electronically and not actually seeing the goods, then investing in these things as a 'safe haven' is going to bite a hell of a lot of people if the shit does ever hit the fan.
Title: Re: Worst Recovery Since The Great Depression
Post by: Busted on January 12, 2012, 11:05:15 PM
"fact is, employers dont even know what an employee will cost them under the Obama regime"... Read what you just said Einstein... I'm an employer and I know exactly what my employees cost me... My taxes have went down slightly under Obama (Im not defending him)

Not close to being true?  How many factory owners or execs do you know?  i can tell you FIRST HAND robotics, computers and machines have eliminated hundreds of thousands of jobs in the US.  Why pay a 30 welders in a factory 40,000 a year each plus taxes and insurance when you can buy a machine for 200,000 that can work round the clock with no errors and needs no benefits?

"A factory that employed 1000 in 1995 only needs 50 in 2012 due to robotics and machines."

That is not even close to true.

Fact is, employers don't even know what an employee will cost them under the Obama regime. Salaries are cheaper elsewhere but there's also certainty elsewhere too.
Title: Re: Worst Recovery Since The Great Depression
Post by: The Abdominal Snoman on January 12, 2012, 11:10:34 PM
Fix most problems by giving Americans tax breaks if they get married once.(they do that)

But add a 10% net worth tax on Americans who divorce once(they don't do that)

Add a 25% net worth tax on Amricans who divorce twice(they don't do that)

Add a 35% net worth tax on Americans who divorce a third time(they don't do that)

If an American divorces a forth time, then the whole family should face a firing squad and the riches go to the system 100%(they don't do that but should-enough is enough)
Title: Re: Worst Recovery Since The Great Depression
Post by: Busted on January 12, 2012, 11:13:03 PM
You must have a big house. Where do you keep all that stuff?

Don't need a big house... 32 kilos of gold is worth around 1.7 million USD... You can fit it in a childs shoe box...
9fJ7g&index=9&feature=plcp All metals i take physical possession of...

Shit is going to hit the fan this year.  Listen to Jim Rodgers another fellow American who has moved to Singapore...

If you are investing electronically and not actually seeing the goods, then investing in these things as a 'safe haven' is going to bite a hell of a lot of people if the shit does ever hit the fan.
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 04:46:38 AM
Indeed, not only that, he's coming out with all his hope & change shit again.

How can people fall for that twice?

Easily, they fell for it the first time. 
Title: Re: Worst Recovery Since The Great Depression
Post by: MikMaq on January 13, 2012, 07:03:26 AM
Jobs are not coming back because technology has removed them.  This is the REALITY of it.  American employers have to pay insane amounts for healthcare, this alone forces jobs to leave the US as we are the only industrial nation that doesn't have a universal healthcare system not for profit. Would you keep your business in the US when you could go to another country and save $20,000 per employee on health care costs? Imagine if you have 10,000 employees? And local government will wave all your local taxes for 20 years if you move to them?  if your the owner, its a difference between making 10 million a year, and 100 million. This is why the "1%" keeps getting richer, because they are taking adv of the world wide economy. A factory that employed 1000 in 1995 only needs 50 in 2012 due to robotics and machines. A call center that needed 200 in 1995 now only needs 20 because computers answer the calls for them and they have help sections on their websites. Along with this population keeps increasing.  It is a mathematical fact unemployment is going to keep getting higher and higher and there is nothing anyone can do to stop it.

Paulson came to Bush to bail out the banks when he was Sec of Treasury.   Who doesn't know what they are talking about?

Good to see someone isn't retarded here. I'm so fucking tired of this hero worship for presidents, there just a dude trying to solve the problem of 300 million people. It's narcissistic type thinking to think any one person can make a difference. Americans, are deluded into believing that somehow human can possibly understand the complexities of the modern world.


The economic turmoil isn't caused by internal american policies, it's asia that is causing all the problems.
To add insult to injury the baby boomers are holding onto jobs far longer than they should be, 25 years ago the boomers, relegated tons of war generation folk saying there too old to keep up with the modern economy, which they were. Now that it's their turn to get out of the way, their sticking to their jobs, way to dam long, and now my generation isn't gonna have the proper experience to takeover onces the boomers start retiring.
Title: Re: Worst Recovery Since The Great Depression
Post by: reppingfor20 on January 13, 2012, 07:05:51 AM
http://www.forbes.com/sites/peterferrara/2012/01/12/the-worst-economic-recovery-since-the-great-depression/

shut your mouth you ill informed idiot.

Healthcare cost so much because of disgusting corporations private healthcare system, it is gross.  In other countries healthcare is a right!  Not here, they will let you die.  Obama is trying to change that, free health care for all, tax the wealthy and let them pay the tab.


Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 07:07:42 AM
 ;)
Title: Re: Worst Recovery Since The Great Depression
Post by: Natural Man on January 13, 2012, 07:45:17 AM
Too many people, not enough jobs... You do the maths.
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 07:46:48 AM
24 Stats To Crush Anyone Who Thinks America Has A Bright Economic Future
Michael Snyder, The Economic Collapse | Jan. 13, 2012, 9:28 AM | 863 | 10



24 Statistics To Show To Anyone Who Believes That America Has A Bright Economic Future

How To Prepare For The Difficult Years Ahead
 
Beware of bubbles of false hope. Right now there is a lot of talk about how the U.S. economy is improving, but it is all a lie. The mainstream media can be very seductive. When you sit down to watch television your brain tends to go into a very relaxed mode. In such a state, it becomes easy to slip thoughts and ideas past your defenses. Sometimes when I am watching television I realize what the media is trying to do and yet I can still feel it happening to me. 

In this day and age, it is absolutely critical that we all think for ourselves. When you look at the long-term trends and the long-term numbers, a much different picture of the U.S economy emerges than the one that is painted for us on television.

Over the long-term, the number of good jobs in America has been steadily going down. Over the long-term, the number of Americans living in poverty and living on food stamps has been steadily going up. Over the past couple of decades, tens of thousands of businesses, millions of jobs and trillions of dollars of our national wealth have gone out of the country.

Our debt is nearly 15 times larger than it was 30 years ago, and U.S. consumer debt has soared by 1700% over the past 40 years. Year after year the rate of inflation goes up faster than our incomes do, and this is absolutely devastating the middle class. Anyone who believes that we can keep doing the same things that we have been doing and yet America will still have a bright economic future is delusional. Until the long-term trends which are taking the U.S. economy straight into the toilet are reversed, any talk of a bright economic future is absolute nonsense.

In America today, we have such a short-term focus. We are all so caught up with what is happening right now. Our attention spans seem to get shorter every single year. At this point it would not be hard to argue that kittens have longer attention spans than most of us do. (If you have ever owned a kitten you know how short their attention spans can be.) Things have gotten so bad that most of our high school students cannot even answer the most basic questions about our history. If people are not talking about it on Facebook or Twitter it is almost as if it does not even matter.

But any serious student of history knows that is is absolutely crucial to examine long-term trends. And when you look at the long-term trends, it rapidly becomes apparent that the U.S. economy is in the midst of a nightmarish long-term decline.

The following are 24 statistics to show to anyone who believes that America has a bright economic future....

#1 Inflation is a silent tax that steals wealth from all of us. We continue to shell out increasing amounts of money for the basic things that we need, and yet our incomes are not keeping pace. Just check out the following example. Gasoline prices have been trending higher for several years in a row as one blogger recently noted....

January 2009           $1.65

January 2010           $2.57

January 2011           $3.04

January 2012           $3.29

#2 If you can believe it, the average American household spent approximately $4,155 on gasoline during 2011.

#3 Electricity bills in the United States have risen faster than the overall rate of inflation for five years in a row.

#4 Health care costs continue to rise at a very alarming pace.  According to the Bureau of Economic Analysis, health care costs accounted for just 9.5% of all personal consumption back in 1980.  Today they account for approximately 16.3%.

#5 Getting a college education has also become insanely expensive in America.  After adjusting for inflation, U.S. college students are borrowing about twice as much money as they did a decade ago.

#6 To get the same purchasing power that you got out of $20.00 back in 1970 you would have to have more than $116 today.

#7 To get the same purchasing power that you got out of $20.00 back in 1913 you would have to have more than $457 today.

#8 There are fewer payroll jobs in the United States today than there were back in 2000 even though we have added more than 30 million extra people to the population since then.

#9 The U.S. economy is bleeding millions of good jobs.  Greedy CEOs are systematically shipping them overseas and our politicians are standing around and doing nothing about it.  This has gone on year after year after year.  The following is from a recent article by Paul Craig Roberts....

In the first decade of the 21st century, Americans lost 5,500,000 manufacturing jobs. US employment in the manufacture of computer and electronic products fell by 40%; in the production of machinery by 30%, in motor vehicles and and parts by 44%, and in the manufacture of clothing by 66%.

#10 Our economic infrastructure is being torn apart right in front of our eyes.  In 2010, an average of 23 manufacturing facilities a day shut down in the United States.  Overall, more than 56,000 manufacturing facilities in the United States have shut down since 2001.

We have made it legal for big corporations to send millions of jobs to countries where it is legal to pay slave labor wages, where the tax burden is much lighter and where there are barely any regulations.  The following is a brief excerpt from a recent article posted on Economy in Crisis....

Back in the ‘80s, I called my friend Walter in California and asked: “On your next expansion we need a plant in South Carolina.” Walter replied: “We don’t produce anything in the United States. It’s all in China. China furnishes you the plant on a year-to-year basis. If your investment works out, you don’t have to pay any corporate tax; just reinvest it for another plant and more profit. If it doesn’t work out, you can walk away with no legacy costs. I send a quality controller to watch production. I check on it every day. I don’t have any labor, health, safety, or environmental concerns, and have time to play a round of golf.” The bleeding of jobs off-shore started in the ‘80s — now hemorrhages under Bush and Obama. Waiting for the economy to bounce back; calling this “the worst recession” is a bum rap. The reason the economy hasn’t bounced back since 2008 is because the economy is being off-shored.

#11  As a result of our insane economic policies, our trade balances are absolutely exploding.  For example, the U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

#12 As you read this, there are millions of Americans out there wondering why they can't find any jobs.  According to Reuters, 23.7 million American workers are either unemployed or underemployed right now.

#13 The number of good jobs has been steadily shrinking in America.  Since the year 2000, the United States has lost 10% of its middle class jobs.  In the year 2000 there were about 72 million middle class jobs in the United States but today there are only about 65 million middle class jobs.

#14 Over the last three decades, the percentage of low income jobs has consistently risen.  Back in 1980, less than 30% of all jobs in the United States were low income jobs.  Today, more than 40% of all jobs in the United States are low income jobs.

#15 The number of middle class neighborhoods also continues to decline.  In 1970, 65 percent of all Americans lived in "middle class neighborhoods".  By 2007, only 44 percent of all Americans lived in "middle class neighborhoods".

#16 A decade ago, the United States was ranked number one in average wealth per adult.  By 2010, the United States had fallen to seventh.

#17 Our incomes continue to go down.  Since December 2007, median household income in the United States has declined by a total of 6.8% once you account for inflation.

#18 Unfortunately, middle class Americans have been seeing their incomes decline for a very long time.  According to one study, between 1969 and 2009 the median wages earned by American men between the ages of 30 and 50 dropped by 27 percent after you account for inflation.

#19 Since 1971, consumer debt in the United States has increased by a whopping 1700%.  Unfortunately, U.S. consumers have still not learned how to stay out of debt.  According to a recent article posted on Financial Armageddon, the rate of personal savings in the United States is rapidly falling right now at the same time that the total amount of consumer credit is absolutely skyrocketing.

#20 The number of children living in poverty in America keeps rising year after year. The percentage of children living in poverty in the United States increased from 16.9 percent in 2006 to nearly 22 percent in 2010.

#21 The number of Americans on food stamps continues to set new all-time records.  Just check out the following progression....

October 2008: 30.8 million Americans on food stamps

October 2009: 37.6 million Americans on food stamps

October 2010: 43.2 million Americans on food stamps

October 2011: 46.2 million Americans on food stamps

#22 The U.S. debt problem has gotten completely and totally out of control.  Recently, the debt of the federal government surpassed 100% of GDP for the first time ever.

#23 During the Obama administration, the U.S. government has accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

#24 Barack Obama's proposed 2012 budget projects that the national debt will rise to 26 trillion dollars a decade from now.  And his budget numbers are ridiculously optimistic.

Are you starting to get the picture?

All of the long-term economic numbers are progressively getting worse.

As the economy continues to crumble, large numbers of Americans are becoming really desperate.  For example, a recent Mother Jones article detailed how large numbers of formerly middle class Americans are now actually growing marijuana in an effort to make ends meet.

As things continue to get worse, people will become even more desperate.  There are millions of people out there that find themselves unable to pay the mortgage and put food on the table for their families.  When people hit rock bottom, they often find themselves doing things that they never dreamed that they would do.

Meanwhile, the big Wall Street banks just keep getting larger and more powerful.  We have allowed the "too big to fail" banks to become much bigger than they have ever been before.  The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

Wealth is becoming increasingly concentrated at the very top even as the overall economic pie in America continues to get smaller.

As our economic problems become worse, more Americans than ever are trying to find ways to "escape".

For example, according to one new government report one out of every six adults in America is a binge drinker.

Other Americans "tune out" by watching endless hours of television, by playing endless hours of video games or by indulging in endless hours of other forms of entertainment.

There are even some Americans that are giving up completely.  For example, one elderly man actually robbed a bank just so that he could get arrested and be taken to prison where he would get free health care.

But as I have written about previously, now is not the time to give up.  Instead, now is the time to prepare for the great challenges that are ahead.

Almost every generation in history has been faced with great challenges and great hardships at some point.

Yes, there will be some incredibly hard times ahead, but that also means that there will be a need for some great heroes.

Just because the U.S. economy is falling apart does not mean that life is over.

We are living during one of the most exciting times in all of human history.  Instead of cowering in fear, let us embrace these times and focus on becoming the people that we were created to be.

Please follow Business Insider on Twitter and Facebook.



Read more: http://www.businessinsider.com/michael-snyder-economic-collapse-2012-1#ixzz1jLyiEm00









KEEP SPENDING THAT MONEY THUGBAMA ! ! ! !
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 07:57:42 AM



THREAD OVER.   Go F yourselves every obama fan.   
Title: Re: Worst Recovery Since The Great Depression
Post by: The Wizard on January 13, 2012, 07:58:37 AM
America is 90% responsible for the credit problems of the world. End of
Title: Re: Worst Recovery Since The Great Depression
Post by: MikMaq on January 13, 2012, 08:00:34 AM
;)
Your logic sucks, we all know he walked into the gates of hell. Just look at the countries doing well in recovery and those doing poorly pretty much in every single situation, what the government did before 2008 overtook anything done since the crisis started.

Furthermore this whole dam crisis was a direct result of dereg.
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 08:02:33 AM
Your logic sucks, we all know he walked into the gates of hell. Just look at the countries doing well in recovery and those doing poorly pretty much in every single situation, what the government did before 2008 overtook anything done since the crisis started.

Furthermore this whole dam crisis was a direct result of dereg.

Which "de-regulation" are you talking about?  Give me the laws and regulations you are talking about and who supported it.   
Title: Re: Worst Recovery Since The Great Depression
Post by: MikMaq on January 13, 2012, 08:04:45 AM
Which "de-regulation" are you talking about?  Give me the laws and regulations you are talking about and who supported it.   
I really don't care if it were dems or reps, there both the same.
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 08:13:18 AM
I really don't care if it were dems or reps, there both the same.

Watch it and weep.   Clinton, Geithner, Summers, Bernake and most of the people in obamas cabinet and admn are the main fault of this. 

 

Title: Re: Worst Recovery Since The Great Depression
Post by: Oly15 on January 13, 2012, 08:29:09 AM
obama killed  osama ,kim  jong il  and gadhafi , never forget that

Osama has been dead for years you idiotic brainwaahed nymph.
Title: Re: Worst Recovery Since The Great Depression
Post by: matrixgh on January 13, 2012, 08:34:35 AM
we need republicans, democrats will only bring this country down :(
Title: Re: Worst Recovery Since The Great Depression
Post by: howardroark on January 13, 2012, 08:37:50 AM
We have the lowest taxes in US history... Not a opinion, a fact... I pay less business taxes in the US than I do in Singapore...

We need to STOP policing the world at the cost of the US tax payer. Stop dropping bombs on 5th world countries so corporations can profit. We also need to end the federal reserve so it cant inflate our currency anymore. Those 3 things will cut many trillions.



The US has some of the highest corporate tax rates in the developed world. And then there's also the fact that Singapore does not have a payroll tax, while the US does.
Title: Re: Worst Recovery Since The Great Depression
Post by: howardroark on January 13, 2012, 08:39:30 AM
Your logic sucks, we all know he walked into the gates of hell. Just look at the countries doing well in recovery and those doing poorly pretty much in every single situation, what the government did before 2008 overtook anything done since the crisis started.

Furthermore this whole dam crisis was a direct result of dereg.

If it was the direct result of deregulation, why did other countries experience the same crisis as severely if not more so? And would you care to show a single deregulation in the past ten years that could have caused this crisis? (Hint: there was none)
Title: Re: Worst Recovery Since The Great Depression
Post by: howardroark on January 13, 2012, 08:56:58 AM
Jobs are not coming back because technology has removed them.  This is the REALITY of it.  American employers have to pay insane amounts for healthcare, this alone forces jobs to leave the US as we are the only industrial nation that doesn't have a universal healthcare system not for profit. Would you keep your business in the US when you could go to another country and save $20,000 per employee on health care costs? Imagine if you have 10,000 employees? And local government will wave all your local taxes for 20 years if you move to them?  if your the owner, its a difference between making 10 million a year, and 100 million. This is why the "1%" keeps getting richer, because they are taking adv of the world wide economy. A factory that employed 1000 in 1995 only needs 50 in 2012 due to robotics and machines. A call center that needed 200 in 1995 now only needs 20 because computers answer the calls for them and they have help sections on their websites. Along with this population keeps increasing.  It is a mathematical fact unemployment is going to keep getting higher and higher and there is nothing anyone can do to stop it.

Paulson came to Bush to bail out the banks when he was Sec of Treasury.   Who doesn't know what they are talking about?


IF technology caused unemployment, then unemployment in the late 90's would have been 15%+ because of the creation and propagation of computers and the internet. Your argument holds no water. Technological advancement might cause unemployment in a certain industry, but then those unemployed find jobs in other industries. That is the natural course of economic growth.
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 08:58:13 AM
IF technology caused unemployment, then unemployment in the late 90's would have been 15%+ because of the creation and propagation of computers and the internet. Your argument holds no water. Technological advancement might cause unemployment in a certain industry, but then those unemployed find jobs in other industries. That is the natural course of economic growth.

Remember  - Obama said ATM Machines and Kiosks were the cause of the bad economy! 
Title: Re: Worst Recovery Since The Great Depression
Post by: howardroark on January 13, 2012, 09:01:24 AM
Remember  - Obama said ATM Machines and Kiosks were the cause of the bad economy! 

This is a literally Marxist interpretation of economics.
Title: Re: Worst Recovery Since The Great Depression
Post by: MikMaq on January 13, 2012, 09:03:44 AM
IF technology caused unemployment, then unemployment in the late 90's would have been 15%+ because of the creation and propagation of computers and the internet. Your argument holds no water. Technological advancement might cause unemployment in a certain industry, but then those unemployed find jobs in other industries. That is the natural course of economic growth.
Are you fucking retarded really just shut the fuck up.
Tech was rampant in the usa yes, but it's become a world wide phenom in the last decade. Hence america going to the shitter.
And please start naming these so called de reg places. Last time I checked the countries that are doing best Austrailia, germany, norjway canada, etc, all are doing well because they had limited personal debt etc.relative to their neighbours.
Title: Re: Worst Recovery Since The Great Depression
Post by: SOMEPARTS on January 13, 2012, 11:25:41 AM
We have borrowed and offshored to the point of opening the door for socialism. Employment will stabilize when the work camps for "infrastructure" are better in place.
Title: Re: Worst Recovery Since The Great Depression
Post by: honest on January 13, 2012, 12:10:41 PM
If it was the direct result of deregulation, why did other countries experience the same crisis as severely if not more so? And would you care to show a single deregulation in the past ten years that could have caused this crisis? (Hint: there was none)

The on selling of US debt in the form of hedge funds to Europen banks in the GFC has severly limited the Euro nations ability to recover from their own soverign debt issues as they were already smashed from purchasing AAA products from US sources, You my friend are an idiot, de regulation in the US finacial industry started this global domino effect, Ignorance is a form of defence, the de regulation started well over ten years ago, it grew the bubble then allowed it to be onsold to the rest of the world, in effect giving the world cancer, would Europe still have had issues, no doubt, capitalism and globalisation the need for profit to survive, are doomed to fail, they require an ever growing  number of consumers to buy products whilst reducing the amount of jobs to boost profits, its a no brainer you increase the population due to the need to create consumers of products, whilst cutting the number of employees through techological advances to boost profits, you burn both ends of the stick, its doomed to fail.
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 12:11:43 PM
The on selling of US debt in the form of hedge funds to Europen banks in the GFC has severly limited the Euro nations ability to recover from their own soverign debt issues as they were already smashed from purchasing AAA products from US sources, You my friend are an idiot, de regulation in the US finacial industry started this global domino effect, Ignorance is a form of defence, the de regulation started well over ten years ago, it grew the bubble then allowed it to be onsold to the rest of the world.

What law specifically "de-regulated" the markets to allow this?
Title: Re: Worst Recovery Since The Great Depression
Post by: Parker on January 13, 2012, 12:11:58 PM
Rolls Royce is expecting the US to be it's biggest market this year...hmmm.
Title: Re: Worst Recovery Since The Great Depression
Post by: reppingfor20 on January 13, 2012, 01:00:48 PM
What law specifically "de-regulated" the markets to allow this?

any de regulation is bad you idiot, we need more regulation on everything.  Corporations go out of there way to pay people less, screw over customers and destroy jobs so they can make the CEO's pay higher and the tax holders happy while tearing apart the company like I mentioned.  You are really brainwashed, too bad nothing will ever get through your head.  If we debated if 2 + 2 = 4 you would still argue it didn't, so shut you mouth you know nothing about politics.



Title: Re: Worst Recovery Since The Great Depression
Post by: reppingfor20 on January 13, 2012, 01:04:01 PM
the answer is to do away with capitalism, go with communism or fascism, way better systems, or a system like Ron Paul would run. 
Title: Re: Worst Recovery Since The Great Depression
Post by: Soul Crusher on January 13, 2012, 01:07:55 PM
the answer is to do away with capitalism, go with communism or fascism, way better systems, or a system like Ron Paul would run. 


LOL!!!!