Is the love affair ending??

[Ollie]

I have said in other posts, 6 months from the time he steps into the white house the media would turn on Obama.

It has begun.
Look at the paper this was printed in.
http://online.wsj.com/article/SB123457303244386495.html

 

[mgdjeepster]

nice! its about tiem they get their heads out of their azzes.........

 

[banditpowdercoat]

Whoo, kick his Arse to the curb

 

[Puff_N_AK]

Here is a nice little story about our leader. I don't think that we will see this ran across our country.
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article5733499.ece

 

[shortstop20]

Good posts Ollie and Puff_N_AK. I've said in a couple other threads already that comparing this recession to the Great Depression is completely ridiculous.

 

[ArcticBoy]

My folks told me about the depression. Hmm the other night went out to get some dinner. Had to wait for 30 minutes, awww the horror of it all. I don't know how my parents dealt with it.

 

[Himark]

I wont undermine what grandpa had to go through in the depression by making a comparison BUT will say this. There are some very alarming parallel events happening! The biggest thing the economist said that burried us on the great depression was our govt stand point that it would correct itself and did nothing. Today govt is making a attempt to swing it out of it. Not saying govt is a good thing just that peeps alot smarter than myself said it was a requirement that failed to launch that sunk is into the deep depression.

 

[swampwater]

Your economist must have been a liberal, the problem was the government intrusion into the market caused the depression to continue until the war finally forced us out. Swampy

I wont undermine what grandpa had to go through in the depression by making a comparison BUT will say this. There are some very alarming parallel events happening! The biggest thing the economist said that burried us on the great depression was our govt stand point that it would correct itself and did nothing. Today govt is making a attempt to swing it out of it. Not saying govt is a good thing just that peeps alot smarter than myself said it was a requirement that failed to launch that sunk is into the deep depression.

 

[Himark]

Your economist must have been a liberal, the problem was the government intrusion into the market caused the depression to continue until the war finally forced us out. Swampy

You are partially right.

The war did pull it out of the depression after govt. implemented programs however the actual cause of the depression was the crash of the stock market and the clincher or what drove a DEEP depression was the lack of govt to interject sooner. The govt accepted the concept of laissez-faire, a doctrine opposing government interference in the economy except to maintain law and order. You can do your own research as I am not changing history just setting the record straight. I wouldnt be so sure of this but I just watched a documentary on this very recently.


***edit (research) actual quote by Hoovers treasury secretary Andrew Melon "Feds will stand by while the market works its self out"

 

[Rubi]

^^I don't want to attack you, and I don't know your source, but people with all kinds of political prejudices can make documentaries. I don't take as gospel everything that Michael Moore films, do you?

 

[Ollie]

peeps alot smarter than myself said it was a requirement that failed to launch that sunk is into the deep depression.

And it is peeps a lot smarter than us that tried to tell us Global warming is ALL mans fault. Smarter doesn't mean wiser.

Also, the great depression didn't have a global market. Most of the market indicators are trending flat or back up. If Obama didn't do a thing we would start to slowly recover over this year. It won't be a snap back as we need to re-align the type of work and how it is done. We have outsourced all our infastruture (in the form of manufacturing, mining, timber, etc). We need to get it back. A nation can't stand on fluff. That is what the US has been doing for the last 15 years. Everything has been computers and bogus things that proped up the economy.

Housing market. They lowered the standards to allow more people to buy houses they couldn't afford to stimulate the housing market. End result, major housing boom that led to a major housing crash.

Credit. Everyone could get credit whether they qualified for it or not. Now they can't pay off their bills and are going broke at an alarming rate.

The list goes on and on.
Even European nations are warning Obama that he risks turning the US economy into a nanny country that can't support itself.

Now, Obama wants to force banks to "reajust" the loan amounts down as well as artificially lower the lending rate so people losing their homes can afford them. He wants to let Judges lower the value of a home and dictate the interest rates to allow people to keep their homes. End result, if you live within your means, manage your money and buy a house you can actually afford, you can watch your home values plummet and your credit rating will be hurting you.

Obama is bankrupting this country at an alarming rate.

 

[Himark]

^^I don't want to attack you, and I don't know your source, but people with all kinds of political prejudices can make documentaries. I don't take as gospel everything that Michael Moore films, do you?

No offense/attack taken. A good forum has opposing views.

I do not believe it because it was an "opinion" just the fact that the position the govt took was un-arguably a "do nothing" position. The fact we know the result of that is something from history we have learned by. I was responding to the prior post that claimed the govt. was heavily involved in the cause of the depression which was untrue. Most of govt. programs came as a result of the depression. I for one do not agree with govt. involvement and am no way taking that side just showing a false representation of the facts that were there.

 

[Ollie]

Himark is correct about a lot of government programs came from the great depression.

Social Security
Medicaid
Medicare
Federally insured bank deposits
There is a LONG list of stuff.

The Problem is, government is one extreme or the other.
They either do nothing or they go completely overboard.
The only thing that needed done with this recession was to stop the banks from going completely under. I say completely because I do think some of the worst should have been allowed to go under.

We have no buisness proping up companies or individuals.
if you mismanage your company, it goes broke (GM). Sorry, next.
If you overextend yourself, you lose everything (i.e., forclosure and reposections).

 

[swampwater]

" The end result of shielding men from the effects of folly is to fill the world with fools" Herbert Spencer. Swampy