What happened to all of the doom and gloom economic threads?

garbage can said:

Copy and paste if necessary

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mercury14 said:

The housing market will not get better for some time. But the fact is, the president (Obama or a hypothetical McCain) can't do anything about it. Nor did they cause it.

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RightField said:

Good points.

In order to C&P, a person has to read, research, learn and understand what others are thinking in order to form a well-rounded opinion.

Do you find it ironic that he spouts off about right wingers being ignorant, eschewing education and at the same time exorcises them for using C&P (which, of course, requires reading and learning and, in most cases, critical thought).

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mercury14 said:

The housing market will not get better for some time. But the fact is, the president (Obama or a hypothetical McCain) can't do anything about it. Nor did they cause it.

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mercury14 said:

JenAltArmy
This message is hidden because JenAltArmy is on your ignore list.


I've got you on iggy but as you are a thoroughly boring and uncreative I'm willing to bet you said something about me blaming Bush again. And yes, I partially do. His "Ownership Society" policies allowed people who had insufficient income to pay for a house, to get a house with zero down payment and other such nonsense.

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Frisco_Slug_Esq said:

Bush didn't cause it either, it was a team effort.

Bush DID make an attempt to head off the crises, but FRANKly, the Democrats chummed the WATERS and became very DOWDy over the very idea that the system needed reforming, basically, because it provided them with job opening for cronies, campaign funds, and funding for other cronies at the community organizer level...

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kbate said:

You are not permitted to reference the CRA in any manner when discussing the current housing market or economic problems. The CRA is Good and is in no way responsible for getting more people into homes.

The fed policy of keeping interest rates low during the Bush years is the sole reason for the recession and housing bubble crash.

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Frisco_Slug_Esq said:

But *catches breath*, didn't the low interest rates begin in another administration?

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‘Shovel-ready was not as shovel-ready as we expected,” observed President Obama this week, enjoying a nice chuckle about the unhappy fate of his near–$1 trillion stimulus. To be sure, Obama has also been promoting a less amusing remedy for anemic growth and high unemployment: exports. In this year’s State of the Union address, he proclaimed a national goal of doubling exports by 2014.

One obvious way to increase exports is through free-trade agreements. But unions don’t like them. No surprise then that for two years Obama has been sitting on three free-trade agreements — with Colombia, Panama, and South Korea — already negotiated by his predecessor.

Under the pressure of dire economic conditions and of the consequences of stiffing three valued allies, Obama appeared ready to relent — only to put up a last-minute roadblock. He’s demanding an expansion of Trade Adjustment Assistance — taxpayer money (beyond unemployment compensation) given to workers displaced by foreign competition, something denied to Americans rendered unemployed by domestic competition. It’s an idea of dubious fairness but nicely designed to hold up ratification while placing blame on Republican heartlessness rather than on political sabotage by Democrats beholden to unions for the millions they pour into Democratic coffers. (A deal reportedly may be near. But the years of delay have been costly.)

Nothing new here. In 2009, Obama pushed through a federally run, questionably legal bankruptcy for the auto companies that robbed first-in-line creditors in order to bail out the United Auto Workers. Elsewhere, Delta Air Lines workers have voted four times to reject unionization. A federal agency, naturally, is investigating and, notes economist Irwin Stelzer, can order still another election in the hope that it yields the answer Obama’s campaign team wants.

But Democratic fealty to unions does not stop there. Boeing has just completed a production facility in South Carolina for its new 787 Dreamliner. The National Labor Relations Board, stacked with Democrats — including one former union lawyer considered so partisan that he required a recess appointment after the Senate refused to confirm him — is trying to get the plant declared illegal. Why? Because by choosing right-to-work South Carolina, Boeing is accused of retaliating against its unionized Washington State workers for previous strikes.

In fact, Boeing has increased unionized employment by more than 2,000 at its Puget Sound plant. Moreover, the idea that a company in a unionized state can thus be prohibited from expanding into right-to-work states by a partisan regulatory body is quite insane. It violates the fundamental principle in a free-market economy that companies can move and build in response to market conditions, rather than administrative fiat. It jeopardizes the economic recovery, not only targeting America’s single largest exporter in its attempt to compete with Airbus for a huge global market, but also threatening any other company that might think of expanding in any way displeasing to unions and their NLRB patrons.

Obama has been utterly silent in the Boeing affair. Which is understood by all as tacit approval. He’s facing reelection next year. And Democrats need unions.

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kbate said:

You are not permitted to reference another administration or its financial policy - they left the nation with a SURPLUS and the economy boomed.

Time began in January 2001. All fiscal events prior to that date are irrelevant attempts to throw blame onto a man who left the only Budget Surplus in recent history.

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busybody said:

The economic news got no better for Obama this week.

Jobless claims came in better than the revised estimates on Thursday,

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Frisco_Slug_Esq said:

It wasn't "HIS" ownership society. It was him once again trying to glom on to DEMOCRAT positions to prove he wasn't a NAZI and to try and curry favor, a mistake the Republican Elites make over and over and over. The Democrat base only believes in indoctrination and the Democrat elite look at them as red-headed step children that are a bit daft in the head, but useful idiots from time-to-time...
__________________
A_J's corollary #9a, “When a Republican does it, an explanation is making an excuse, when a Democrat does it, then an excuse is the rightful explanation.”

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