thanks obama...Why won't 333336 post in this thread

[MCWAY]

if i recall correctly the billshit bill passed while the anti-Christ (george-bush) was in office???

yes, no

and hammering hank was running the SEC

Nope!!!

The 1,100-page, $800 billion (at least) abomination of legislation was signed by Obama, pure and simple.

But, blaming Bush for Obama's foul-ups is part-and-parcel of the left.

This mess is squarely on Obama's shoulders, signed into law with his left hand. All the Bush-blaming and Palin bashing don't change that fact.

[Kazan]

if i recall correctly the billshit bill passed while the anti-Christ (george-bush) was in office???

yes, no

and hammering hank was running the SEC

TARP was passed under Bush the 787 Billion stimulus Obama, try to keep up

[nicky.smth]

TARP was passed under Bush the 787 Billion stimulus Obama, try to keep up

I stand corrected..

you are right...

[MCWAY]

One more time, Nicky!!

WHEN was unemployment over 10% during the alleged "Anti-Christ Bush Debacle" years?

[Soul Crusher]

I stand corrected..

you are right...

Obama openly campaigned for TARP and appointed its co-author to Treasry Sec.  Obama is equally liable for TARP. 

[Mons Venus]

That is just the tip of the iceberg, if you would do a little research, you would know that the government has systematically been fucking up the US economy since FDR was in office.

I don't disagree with that. Politicians on both sides have fuucked this country over!

George 'WMD' Bush outspent 200+ yrs of prior Presidents (conservative my ass) and pushed our economy off a cliff.

[MCWAY]

I don't disagree with that. Politicians on both sides have fuucked this country over!

George 'WMD' Bush outspent 200+ yrs of prior Presidents (conservative my ass) and pushed our economy off a cliff.

While Obama has spend more in less than a year than ALL of those other presidnet combined (including BUSH).

[MCWAY]

One more time, Nicky!!

WHEN was unemployment over 10% during the alleged "Anti-Christ Bush Debacle" years?

Still waiting, Nicky!!!

[Soul Crusher]

Sorry man (nice spin) we were discussing what got the US to this point. Answer: 8 yrs of OUT OF CONTROL SPENDING by a so-called Conservative.

Stretch has been in control since 2006. 

[MCWAY]

Sorry man (nice spin) we were discussing what got the US to this point. Answer: 8 yrs of OUT OF CONTROL SPENDING by a so-called Conservative.

We were ALSO discussing the man responsible for making the problem FAR WORSE, beyond that point.

Again, the "Blame Bush" spiel has fallen flat. This is about Obama and his rock-headed policies.

[nicky.smth]

Still waiting, Nicky!!!

It wasn't you fool...Stop asking this stupid questions..

How about the "well oil machine" economy of Mr Bill Clinton..Mccway?

[Soul Crusher]

It wasn't you fool...Stop asking this stupid questions..

How about the "well oil machine" economy of Mr Bill Clinton..Mccway?

Ha!  Go watch "The Warning" on PBS and see what a great job he did and mess he left. 

Who is to blame mostly and set the disaster in motion:

Geither
Summers
Rubin
Greenspan

[MCWAY]

It wasn't you fool...Stop asking this stupid questions..

How about the "well oil machine" economy of Mr Bill Clinton..Mccway?

How about it?

Of course, most of that came, courtesy of a REPUBLICAN-CONTROLLED CONGRESS!! But, that's another issue for another time.

Clinton did his part, so he gets credit for it (some of it, deserved).

But, that had nothing to do with Obama's crack-pot policies and the damage done by them, which you keep trying to evade by blaming Bush (a often-used liberal tactic: blame everyone else for your mistakes).

[nicky.smth]

Ha!  Go watch "The Warning" on PBS and see what a great job he did and mess he left. 

Who is to blame mostly and set the disaster in motion:

Geither
Summers
Rubin
Greenspan

i think rubin was a major cause, since he helped to get the glass -steagal act repealed...After that point, and the Long term capital management fiasco, the superhouse banks started taking took on excessive risk and the hands of the tax payer..

however, i think helicopter ben/and Greenspan are very responsible

[Soul Crusher]

i think rubin was a major cause, since he helped to get the glass -steagal act repealed...After that point, and the Long term capital management fiasco, the superhouse banks started taking took on excessive risk and the hands of the tax payer..

however, i think helicopter ben/and Greenspan are very responsible

Geithner/Summers/Rubin/  were part of spome special forces economic team Clinton had and were against all efforts to regulate CDO's and other crazy stuff.  Look up Brooksly Borne and see what they did to her.   

[Mons Venus]

We were ALSO discussing the man responsible for making the problem FAR WORSE, beyond that point.

Again, the "Blame Bush" spiel has fallen flat. This is about Obama and his rock-headed policies.

History shows George WMD Bush pushed the US economy OFF A CLIFF with his out of control deficit spending. That is a fact.

Obama's deficit spending will not help the situation.

[nicky.smth]

History shows George WMD Bush pushed the US economy OFF A CLIFF with his out of control deficit spending. That is a fact.

Obama's deficit spending will not help the situation.

bush was the anti-Christ..his sole purpose was to destroy america...

And he fucking succeeded

[Soul Crusher]

History shows George WMD Bush pushed the US economy OFF A CLIFF with his out of control deficit spending. That is a fact.

Obama's deficit spending will not help the situation.

I agree with you mons.  Bush was a reckless spendthrift and deserves his horrible legacy in this regard.  

[Soul Crusher]

'WMD' Bush took a HUGE budget surplus and spent like an out of control sailor, creating the mess we're in today.

Obama's spending will only worsen the situation.

Again, Mons, I was kicked of of FR for bashing Bush.  He was reckless and awful in that regard.   

[Kazan]

'WMD' Bush took a HUGE budget surplus and spent like an out of control sailor, creating the mess we're in today.

Obama's spending will only worsen the situation.

Hey dumbass do I have to post the chart from the US treassury again to prove there was no budget surpluss? about 18 Billion in deficit is as close as the US came since 93

[Hedgehog]

She's just a dumb Whore..What does she know about the problems that the middle class here in america are having??

How is she a whore?

I'm no fan of 'celebs' in politics. But why dismiss her before you even hear what she thinks?

Has she made any comments herself? No.
So don't be so quick to pull the trigger.

[Bindare_Dundat]

http://online.wsj.com/article/SB125915500754163841.html

By LUCA DI LEO and JEFF BATER

Consumer spending and incomes rose in October, while initial jobless claims fell under 500,000 last week to the lowest level since September of 2008, boding well for economic growth in the fourth quarter.

But demand for long-lasting goods unexpectedly fell in October, brought down by the defense sector, and a barometer of capital spending by businesses tumbled in another sign of the recovery's sluggishness.

Commerce Department data Wednesday showed spending last month rose by 0.7% compared with a September decline of 0.6%, while personal income rose by 0.2% for the second straight month.

Meantime, a key gauge of prices that is closely watched by the U.S. Federal Reserve to set monetary policy reiterated inflation wasn't a threat as the economy recovers slowly.

The core price index for personal consumption expenditures, which excludes volatile food and energy, rose a monthly 0.2% in October and by 1.4% year-on-year.

Economists surveyed by Dow Jones Newswires had forecast consumer spending would rise by 0.6% in October while income would increase by 0.1%. The core PCE index was seen rising by a monthly 0.1%.

The U.S. economy's rebound was softer than originally thought in the third quarter, the government said Tuesday in a revision to its gross domestic product estimate which showed less consumer spending than initially estimated.

U.S. GDP -- the broadest measure of output of goods and services -- grew at a 2.8% annual rate during the July to September period, less than the 3.5% rate calculated by the Commerce Department a month ago.

Consumer spending, which accounts for 70% of U.S. economic output, increased at a 2.9% annual rate during the third quarter -- less than the 3.4% estimated previously.

Wednesday's report was an encouraging sign for growth in the fourth quarter, since both consumer spending and incomes rose by more than expected in October.

Economists currently expect slightly better economic growth in the fourth quarter compared to the previous three months. One prominent forecaster, Macroeconomic Advisers, predicts GDP growth of 3.1%.

Personal income data for the previous months was revised up slightly. It rose by 0.2% in September and by 0.3% in August, the report showed, compared to previous estimates of a flat reading in September and a 0.1% increase the previous month.

Still, with more than 10% of the U.S. labor force out of work, the rise in incomes remains moderate.

Federal Reserve officials earlier this month raised their expectations for growth this year and in 2010, but predicted the recovery will be so slow that unemployment will remain high and inflation low until the end of next year.

As for price gauges in Wednesday's report, the price index for personal consumption expenditures excluding food and energy, year over year, rose 1.4%. The year-over-year gain in September was 1.3%.

The Fed watches this core PCE index closely for signs of inflation pressures. Fed officials see core inflation around 1.45% in 2009, 1.25% in 2010, and 1.3% in 2011.

On a monthly basis, Wednesday's report showed the core PCE index increased 0.2% in October compared to a 0.1% increase in September.

The PCE price index including food and energy prices rose 0.3% in October compared to September. It rose a monthly 0.1% in September. Year over year, the PCE price index was up 0.2% in October after falling 0.6% in September.

Jobless Claims Drop
In a glimmer of hope for the labor market, the number of U.S. workers filing new claims for jobless benefits last week fell to the lowest level since September of 2008. Total claims lasting more than one week, meanwhile, also decreased.

Initial claims for jobless benefits declined by 35,000 to 466,000 in the week ended Nov. 21, the Labor Department said in its weekly report Wednesday. The previous week's level was revised to 501,000 from 505,000. This represents the lowest figure for claims since September 13, 2008 and it is the first time initial claims have fallen below the 500,000 mark since early January, according to Labor Department data.

Last week's initial claims fell by more than economists expected. Economists surveyed by Dow Jones Newswires had predicted a decrease of 10,000 claims.

The four-week moving average of new claims, which aims to smooth volatility in the data, also fell by 16,500 to 496,500 from the previous week's revised average of 513,000. That is the lowest figure since November 8, 2008.

Economists widely expected initial claims would fall in Wednesday's report, and some believe that this the break away from the 500,000 mark will be sustained in the weeks to come.

"Taken as a whole, the labor market data for the US is suggesting we are in a gradual, steady improvement towards job growth at some point over the next three to six months and the decline in jobless claims is consistent with that," said Zach Pandl, an economist at Nomura Global Economics. "The trend has been very persistent since the end of August and we are expecting that to continue."

In the Labor Department's Wednesday report, the number of continuing claims -- those drawn by workers for more than one week in the week ended Nov. 14 -- declined by 190,000 to 5,423,000 from the preceding week's revised level of 5,613,000.

The unemployment rate for workers with unemployment insurance for the week ended Nov. 14 was 4.1%, a decrease of a 0.2 percentage point from the prior week's unrevised rate of 4.3%.

The largest increase in initial claims for the week ended Nov. 14 was in Florida due to layoffs in the construction, trade, service and manufacturing sectors. The largest decrease in initial claims occurred in California.

Jobless claims data is normally released by the Labor Department on Thursdays, but this week it came out a day early due to the Thanksgiving holiday.

Yeah, things are getting better....

[GigantorX]

It wasn't you fool...Stop asking this stupid questions..

How about the "well oil machine" economy of Mr Bill Clinton..Mccway?

"Well oiled machine"? What world are/were you living in? A "well oiled machine" built off of a political boot licker (Greenspan) that printed cheap money and blew a huge dot.com bubble? Or the legislation during Clinton's period that led to an unsustainable housing bubble? Bogus budget projections that were based off of numbers built on the bubble from that period? The economy that was "inherited" in 2000 was a fucking disaster that further set the stage for the even further fucking disaster that we see now. Take all of this shit and compare it to Bush II and Obama...guess what....SAME FUCKING THING. Geithner, Summers, Paulsen...all the same fucks that were raping and gaming the system in earlier times and now are running the show...this partisan fuckstick you play just proves that you have no fucking clue what the fuck is going on outside the your blogs and MSNBC. The Presidents change but the bankers and handlers stay the fucking same. You are a clown. The last Fed Chairman with any guts and "honor" was Paul FUCKING Volcker and he was askd with a pity invite to Obama's "TEAM"...but is now rarely even given a chance to speak....hmmmm,  I wonder why.  Follow the fuck along.

What "well oiled machine" are you fucking talking about? I posted this same shit in another thread and you avoided it.