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Jobless rate falls to 7.8%


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#51 pstall

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Posted 08 October 2012 - 08:42 PM

glass stegall is the epicenter of everything bad but its always those cons that got us here.

#52 twylyght

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Posted 08 October 2012 - 09:30 PM

I'm amazed that all those GOP Tea Party jobs bills haven't helped employment skyrocket.

You know, the actual laws that the President has to sign because he can't just make up crap like you apparently think he can?

For what small good it would have done, the fact that Hatter has to face is that it takes Congress and the President to pass laws. Congress only had one plan and that was to not do anything that made Obama look good. You know the quote. You know the facts. You probably agree with them.

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Exactly what jobs bills put forth by the HoR have been passed by the Senate?

#53 FurdTurgason

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Posted 08 October 2012 - 09:46 PM

You know, the actual laws that the President has to sign because he can't just make up crap like you apparently think he can?



And yet you blamed Bush and anyone who ever voted with him on the right for the collapse at the end of his term, when the Congress was strongly in control of the Democrats. You know, Pelosi and Reed? Ring a bell? As Ronald Reagan once said, Democrats do NOT spend like drunken sailors, simply because drunken sailors use their own money.

#54 twylyght

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Posted 08 October 2012 - 09:58 PM

SO...

conservative policies put on in greatest economic crisis since great depression = good

Obama policies have improved the economy = bad


talk and spin all you want, those are the two very simple facts.


I seem to remember stump speeches talking about bailing out Main Street instead of Wall Street, "shovel ready" jobs to build up America's infrastructure, etc.

As for conservative policies putting us in this economic crisis, this has become the greatest fallacy put forth by anyone over the past decade. 5 major factors have put us where we are today:

1) Housing bubble "caused by irresponsible bank lending" was the result of the housing initiative mandated by government put forth by a republican controlled congress and signed off gladly by a democrat president while lauded by his party as a bi-partisan landmark. Banks were then either forcibly put to dole out risky mortgages at the compulsion of their shareholders to "get in the game" of federally insured loans or outright threatened with losing their FDIC accreditation for not complying. We still continue to re-inflate that bubble with more unilateral executive order today with the umpteenth mortgage re-finance mandates. So people will be baffled ONCE AGAIN when that bubble bursts.

2) Tech bubble bursts. This was well underway before the next factor

3) 9/11 terrorist attacks had an immediate and lasting impact on our economy

4) Two subsequent warfronts put on a national credit followed by unprecedented federal governmental growth under a democrat controlled congress and signed off gladly by a republican president while lauded by his party as a bi-partisan landmark.

5) Collapse of European markets due to unsustainable entitlements under modern socialist regimes.

Essentially, the Kensyian model of paying off current expenses with a plan of controlled fiat currency and futures credit has failed in spectacular fashion. That INCLUDES the Fed in its current incarnation and ALL of the stimulus packages put forth by both Bush and Obama.

The difference between the last administration and this one is the scope and scale of said stimulus packages and the subsequent squandering of those resources. As a result, we are effectively mortgaging our kids' futures to maintain a "current standard of living" instead of doing the responsible thing and living within our means and fix the fuggin problem.

Do I agree with all of Romney's plans for our nation? Hell no. There's a ton of things that I would change were I given the chance. However, given a choice between a turd sandwich and a giant douche, the least messy alternative is pretty clear for myself. It sucks that if I am to save my kid's future I will have to suck it up and downsize my life for the foreseeable future, but it is not a hard decision to make. The hard part is getting the western world out of their collective arrested development and live fiscally responsible.

#55 King

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Posted 09 October 2012 - 05:25 AM

I seem to remember stump speeches talking about bailing out Main Street instead of Wall Street, "shovel ready" jobs to build up America's infrastructure, etc.

As for conservative policies putting us in this economic crisis, this has become the greatest fallacy put forth by anyone over the past decade. 5 major factors have put us where we are today:

1) Housing bubble "caused by irresponsible bank lending" was the result of the housing initiative mandated by government put forth by a republican controlled congress and signed off gladly by a democrat president while lauded by his party as a bi-partisan landmark. Banks were then either forcibly put to dole out risky mortgages at the compulsion of their shareholders to "get in the game" of federally insured loans or outright threatened with losing their FDIC accreditation for not complying. We still continue to re-inflate that bubble with more unilateral executive order today with the umpteenth mortgage re-finance mandates. So people will be baffled ONCE AGAIN when that bubble bursts.

2) Tech bubble bursts. This was well underway before the next factor

3) 9/11 terrorist attacks had an immediate and lasting impact on our economy

4) Two subsequent warfronts put on a national credit followed by unprecedented federal governmental growth under a democrat controlled congress and signed off gladly by a republican president while lauded by his party as a bi-partisan landmark.

5) Collapse of European markets due to unsustainable entitlements under modern socialist regimes.

Essentially, the Kensyian model of paying off current expenses with a plan of controlled fiat currency and futures credit has failed in spectacular fashion. That INCLUDES the Fed in its current incarnation and ALL of the stimulus packages put forth by both Bush and Obama.

The difference between the last administration and this one is the scope and scale of said stimulus packages and the subsequent squandering of those resources. As a result, we are effectively mortgaging our kids' futures to maintain a "current standard of living" instead of doing the responsible thing and living within our means and fix the fuggin problem.

Do I agree with all of Romney's plans for our nation? Hell no. There's a ton of things that I would change were I given the chance. However, given a choice between a turd sandwich and a giant douche, the least messy alternative is pretty clear for myself. It sucks that if I am to save my kid's future I will have to suck it up and downsize my life for the foreseeable future, but it is not a hard decision to make. The hard part is getting the western world out of their collective arrested development and live fiscally responsible.


Everything here is true, particularly the bit about the Fed. Though I'd still vote for Obama over Romney if I voted. And if Gary Johnson didn't exist.

#56 MadHatter

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Posted 09 October 2012 - 05:53 AM

Would you rather be in October 2012 or October 2007?

Chance of an honest answer... 0%


Please remove Obama's ******* from your mouth long enough to explain this.....

The Dems used ONE study to attack Romney's Tax Plan, even though there are 9 out there that completely contradict it. Now, the author of the ONE study they used has come out publically and said that the Democrats and Obama have absolutely misquoted him and has ZERO idea how they could have even come to their ridiculous conclusions.

In short, they fabricated the conclusion and flat made poo up for their political ad. Works for them, because the core base of the Democrat Party has the intelligence and intellectual capacity of a 6th grader.


October 8, 2012 by John Hinderaker
Princeton Professor: Obama Is Misquoting Me on Romney’s tax plan
The Democrats are trying to rebound from last week’s disastrous Colorado debate by portraying Mitt Romney as a liar.
Obama’s favorite attack on Romney is his claim that Romney’s tax plan involves a $5 trillion tax cut. As Romney pointed out during the debate, this simply ignores the fact that Romney advocates closing loopholes and limiting deductions along with reducing marginal rates. The Democrats can’t deny that, so they say that the numbers don’t add up, and there will be a large tax cut, albeit not $5 trillion. In support of that claim, they have cited an analysis by Princeton economist Harvey Rosen. They have a big problem, however: Professor Rosen says he has no idea what they are talking about:
Last night, the Obama campaign blasted out another email claiming that Mitt Romney’s tax plan would either require raising taxes on the middle class or blowing a hole in the deficit. “Even the studies that Romney has cited to claim his plan adds up still show he would need to raise middle-class taxes,” said the Obama campaign press release. “In fact, Harvard economist Martin Feldstein and Princeton economist Harvey Rosen both concede that paying for Romney’s tax cuts would require large tax increases on families making between $100,000 and $200,000.”
But that’s not true. Princeton professor Harvey Rosen tells THE WEEKLY STANDARD in an email that the Obama campaign is misrepresenting his paper on Romney’s tax plan:
I can’t tell exactly how the Obama campaign reached that characterization of my work. It might be that they assume that Governor Romney wants to keep the taxes from the Affordable Care Act in place, despite the fact that the Governor has called for its complete repeal. The main conclusion of my study is that under plausible assumptions, a proposal along the lines suggested by Governor Romney can both be revenue neutral and keep the net tax burden on taxpayers with incomes above $200,000 about the same. That is, an increase in the tax burden on lower and middle income individuals is not required in order to make the overall plan revenue neutral.

#57 stirs

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Posted 09 October 2012 - 09:36 AM

http://www.orlandose...0,1505128.story

Obamacare working like a charm. Folks will lose their health coverage and be put on part time and only choice will be government insurance. The choice will be taken away by the policies instituted.

We will be a state run society if we keep heading this way. Gov tell you what to eat, what to drink, start checking your blood tests to make sure you are abiding by their rules or you lose your benefits. No more sugary drinks, alcohol, red meat. Tailgate parties will be a blast in a few years.

#58 davos

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Posted 09 October 2012 - 09:46 AM

We will be a state run society if we keep heading this way. Gov tell you what to eat, what to drink, start checking your blood tests to make sure you are abiding by their rules or you lose your benefits. No more sugary drinks, alcohol, red meat. Tailgate parties will be a blast in a few years.


We already are told what to eat. It's just all an illusion of choice in the end

They just shove whatever crap they want and people eat it up on both side (pun intended)

They won't take away red meat...they will create synthetic forms...just like the rise of aspartame

And there will always be alcohol. A ban against alcohol would probably be the one thing that would without a doubt cause an American uprising...that's just not happening.

#59 stirs

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Posted 09 October 2012 - 09:48 AM

We already are told what to eat. It's just all an illusion of choice in the end

They just shove whatever crap they want and people eat it up on both side (pun intended)

They won't take away red meat...they will create synthetic forms...just like the rise of aspartame

And there will always be alcohol. A ban against alcohol would probably be the one thing that would without a doubt cause an American uprising...that's just not happening.


Once they control medicine, doctors, hospitals, the cost of your insurance, etc. They can tell you to do whatever they want. Or, you suffer whatever consequences they deem effective

#60 davos

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Posted 09 October 2012 - 09:50 AM

Once they control medicine, doctors, hospitals, the cost of your insurance, etc. They can tell you to do whatever they want. Or, you suffer whatever consequences they deem effective


You missed my point. Its a subtle transition...realize this is all true as it exists right now


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