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

[bra_man69]

Wrong, "Today I'm pledging to cut the deficit we inherited by half by the end of my first term in office"

Barack Obama

Well guess he failed on that just a little.

 

[mercury14]

He didn't run on seizing the health care system and driving up the costs. He didn't run on crashing the economy or taking the freedom of generations yet unborn. He did run on cutting the deficit in half in his first term however.

1) Nobody seized the healthcare system, dumbass. You should learn what health care reform does before you talk about it. And let's see your evidence that it drove up costs.

2) Obama didn't crash the economy. You can argue that he should have handled things differently than he did but you cannot say he crashed it.

3) Obama pledged to halve the deficit but then the recession turned out to be far worse than anyone imagined.

 

[richard_daily]

And that's why you tear this nation apart day by day, post by post. Ignorance like this.

You give him far too much credit.

 

[unregistered]

 

[garbage can]

1) 3) Obama pledged to halve the deficit but then the recession turned out to be far worse than anyone imagined.

*laughing*

 

[unregistered]

 

[Ulaven_Demorte]

He didn't run on seizing the health care system and driving up the costs. He didn't run on crashing the economy or taking the freedom of generations yet unborn. He did run on cutting the deficit in half in his first term however.

He also hasn't seized the health care system and driven up costs. Nor did he crash the economy or take away the freedom of any generation born or unborn.

Your one truth in this post (I'm amazed you included any truth at all honestly), is that he didn't manage to cut the deficeit in half. However, nobody, not even you, knew exactly how fucked the economy was long before President Obama took office.

So you're one for three. A lot higher than your average.

 

[koalabear]

MOTroll slobber aisle 13!!!!!!

 

[Ulaven_Demorte]

That's some funny shit isn't it? Especially since Obama ran on the message that we were experiencing the "worst economy since the great depression." So that makes him a liar when he tries to come back and tell us "it was worse than anyone expected."

It was, and not a single person knew it was as bad as it turned out to be.

Thanks "conservative" economic policy!

 

[unregistered]

 

[koalabear]

MOTroll slobber aisle 13!!!!!!

HURRY!!!!!!!!

 

[bra_man69]

1) Nobody seized the healthcare system, dumbass. You should learn what health care reform does before you talk about it. And let's see your evidence that it drove up costs.

2) Obama didn't crash the economy. You can argue that he should have handled things differently than he did but you cannot say he crashed it.

3) Obama pledged to halve the deficit but then the recession turned out to be far worse than anyone imagined.

http://www.prwatch.org/files/images/obama-kool-aid.jpg

 

[Ulaven_Demorte]

I'm living rent free in your tiny little noggin huh Koalatroll?

You're still wasting your time.

 

[koalabear]

MOTroll slobber aisle 13!!!!!!

HURRY!!!!!!!!

It's getting deeper!!!!

 

[Ulaven_Demorte]

Bullshit! It never got as bad as The Great Depression, apologist.

He said the "worst since".. He didn't say it was "worse than". Reading comprehension isn't your strong suit is it?

 

[Ulaven_Demorte]

*crickets*

If you listen real close you can almost hear Vette furiously Googling for a quote that doesn't exist..

 

[unregistered]

 

[unregistered]

 

[Ulaven_Demorte]

So, what did I say he said?

Forget what you posted already?

Bullshit! He did. He's the one who said it was worse than the Great Depression, when it never got as bad as The Great Depression, apologist.

Once more for the cheap seats, The President never said it was "worse than" the Great Depression, but the "worst since", and it was. then it got even worse than it was when he made that statement.

Nice try..

 

[RobDownSouth]

Forget what you posted already?



Once more for the cheap seats, The President never said it was "worse than" the Great Depression, but the "worst since", and it was. then it got even worse than it was when he made that statement.

Nice try..

"worse than"...."worse since"....it's all the same to him.

He just wants to bash coloreds.

 

[unregistered]

 

[Ulaven_Demorte]

That was an error on my part. I had it correct in my post to Garby just before you arrived:

http://forum.literotica.com/showpost.php?p=42094464&postcount=22431

but nonetheless, Obama claimed to know in great enough detail how bad it was to have surrendered the excuse that nobody knew how bad it really was when he said this:

"will inherit an economic and financial mess worse than anything the US has faced in decades:" the worst recession in 50 years;" the worst financial and banking crisis since the 1930s; a massive fiscal deficit; a huge current account one; "a financial system that is in a severe crisis and where deleveraging is still occurring at a very rapid pace," thus making the credit crunch worse; a household sector in disarray with millions insolvent and forclosures rising; the risk of serious deflation; a liquidity trap for the Fed as well; and "the risk of a severe debt deflation as the real value of nominal liabilities will rise given price deflation while the value of financial assets is still plunging."

Where exactly did you find that cobbled together mess of a pseudo-quote from President Obama? Because it looks like a whole bunch of statements from different times making it impossible to guess at what point any of them were made.

In short, the entire affair looks like a failed attempt to take a bunch of sound bites and try to make it look like a single statement.

Shorter, It looks like Bullshit.

 

[Ulaven_Demorte]

Where exactly did you find that cobbled together mess of a pseudo-quote from President Obama? Because it looks like a whole bunch of statements from different times making it impossible to guess at what point any of them were made.

In short, the entire affair looks like a failed attempt to take a bunch of sound bites and try to make it look like a single statement.

Shorter, It looks like Bullshit.

I figured as much..

You're nothing if not consistent Vette.

 

[4est_4est_Gump]

The Education Bubble Builds

WASHINGTON (AP) - With college enrollment growing, student debt has stretched to a record number of U.S. households - nearly 1 in 5 - with the biggest burdens falling on the young and poor.

The analysis by the Pew Research Center found that 22.4 million households, or 19 percent, had college debt in 2010. That is double the share in 1989, and up from 15 percent in 2007, just prior to the recession - representing the biggest three-year increase in student debt in more than two decades.

The increase was driven by higher tuition costs as well as rising college enrollment during the economic downturn. The biggest jumps occurred in households at the two extremes of the income distribution. More well-off families are digging deeper into their pockets to pay for costly private colleges, while lower-income people in search of higher-wage jobs are enrolling in community colleges, public universities and other schools as a way to boost their resumes.

Because of the sluggish economy, fewer college students than before are able to settle into full-time careers immediately upon graduation, contributing to a jump in debt among lower-income households as the young adults take on part-time jobs or attend graduate school, according to Pew.

http://apnews.myway.com/article/20120927/DA1I0I5G1.html

 

[4est_4est_Gump]

In Greece, the mob is demonstrating exactly what happens when over-promised government decides to cut back on their "rights..."