Obama needs to come back from vacation now.

[Anonymous]

Anonymous wrote:http://www.washingtonpost.com/wp-dyn/content/article/2010/08/24/AR2010082406753.html

I don't see how you can say the economy is not getting worse. Every indicator says that it is.

Sales of Existing homes fell 27% in July, the steepest one month drop since 1968. And this is with interest the lowest they have been in at least 10 years. People have no confidence in the economy.

Huge layoffs are predicted and the jobs that have been created are minimum wage. As for health care, approximately 3,000,000 seniors may have to switch their Medicare prescription plan next year, even if they're perfectly happy with it. This is thanks to the government attempting to simplify their lives. He caved into a lot if the insurance lobby and much of health care reform doesn't take effect until 2014. "Are you better off today than you were four years ago" will be the question asked in 2012 and, unless, there really is a Santa Claus, the answer will be not only "no" but "hell no." For the record, I am not a republican but an Independent who voted for Obama but only because he was the lesser of two evils.

I had a friend who was a mortician and he told me they had a saying in his business, "You can't shine shit."

[Anonymous]

Anonymous wrote:http://www.washingtonpost.com/wp-dyn/content/article/2010/08/24/AR2010082406753.html

I don't see how you can say the economy is not getting worse. Every indicator says that it is.

Sales of Existing homes fell 27% in July, the steepest one month drop since 1968. And this is with interest the lowest they have been in at least 10 years. People have no confidence in the economy.

No, every indicator does not say that.

And you are reading an awful lot into a one month home sales statistic. A lot of people just got done buying homes because of the tax credit. So the end of the credit pushed a lot of home sales into the prior months. It doesn't take a genius to figure that out.

Regardless, home sales are gong to be slow because homes are still overvalued. Should the president decree that homes are worth 10% more than the market will bear? Is there something special that can make a $500K home magically worth the $650K the previous owner paid for it? I'm sorry, but there is nothing that can be done to make housing prices go up. They are worth what they are worth, and people have to deal with it.

[Anonymous]

http://finance.yahoo.com/tech-ticker/the-hindenburg-omen-is-scary-but-so-are-the-fundamentals-535367.html?tickers=^DJI,^GSPC,XLF,FXE,XHB,TLT,GLD

It is not just home sales that are hitting the skids. The economic news just gets worse and worse.

[Anonymous]

You can cherrypick if you want. Homeowners 90 days behind on mortgage payments dropped precipitously. And credit card debt is the lowest since 2002. We could do this all day long. I have the impression that posters don't really even understand and regularly track the indicatorsthey are quoting.

The only thing that matters is long term trends.

[Anonymous]

Even if you think the economy is terrible, you still have to decide whether to blame Obama for what he has done or blame the Republicans for what they have blocked.

[Anonymous]

I blame both. Obama has no true business people in his administration so there is no real world experience in how business truly operates and the republicans keep saying all you have to do is tax cuts. Both parties have to start speaking the truth and that we can't have our cake and eat it too. Programs have to be cut and we need to raise taxes.

You can't keep demonizing businesses for being greedy and then be upset when they won't start creating jobs.

[Anonymous]

Anonymous wrote:I blame both. Obama has no true business people in his administration so there is no real world experience in how business truly operates and the republicans keep saying all you have to do is tax cuts. Both parties have to start speaking the truth and that we can't have our cake and eat it too. Programs have to be cut and we need to raise taxes.

You can't keep demonizing businesses for being greedy and then be upset when they won't start creating jobs.

This line of argument is always entertaining. "If only Obama would leave economic policy to a coalition of car salesmen, failed oil tycoons, and exterminators, everything would be just fine!"

Businesses "create jobs" as a byproduct of their core mission. If there were a way to engage in economic activity without creating jobs, they would do so. In a heartbeat. The idea that, if only Obama would be even *more* deferential to the Chamber of Commerce the global economic engine would fire up and all would be well is, frankly, a fantasy.

The reason that businesses are sitting on hoards of money, rather than investing is that they believe that demand is not there, and won't be any time soon. This has been reported widely, and is not subject to debate. The only thing that will crank up demand is some form of Keynsian stimulus. The government should be borrowing everything it can at the current rate of ~2% and dumping it from helicopters. Of course, it won't, because the political winds are signaling "austerity". It won't help the economy, but at least Jesus will be impressed.

[Anonymous]

Anonymous wrote:I blame both. Obama has no true business people in his administration so there is no real world experience in how business truly operates and the republicans keep saying all you have to do is tax cuts. Both parties have to start speaking the truth and that we can't have our cake and eat it too. Programs have to be cut and we need to raise taxes.

You can't keep demonizing businesses for being greedy and then be upset when they won't start creating jobs.

Spoken like a non-businesperson. Businesses don't stop hiring because they don't like the President's tone of voice. They aren't toddlers. They will hire when they see enough demand in their markets. And, to your other point, tax cuts are ineffective at that goal.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I blame both. Obama has no true business people in his administration so there is no real world experience in how business truly operates and the republicans keep saying all you have to do is tax cuts. Both parties have to start speaking the truth and that we can't have our cake and eat it too. Programs have to be cut and we need to raise taxes.

You can't keep demonizing businesses for being greedy and then be upset when they won't start creating jobs.

This line of argument is always entertaining. "If only Obama would leave economic policy to a coalition of car salesmen, failed oil tycoons, and exterminators, everything would be just fine!"

Businesses "create jobs" as a byproduct of their core mission. If there were a way to engage in economic activity without creating jobs, they would do so. In a heartbeat. The idea that, if only Obama would be even *more* deferential to the Chamber of Commerce the global economic engine would fire up and all would be well is, frankly, a fantasy.

The reason that businesses are sitting on hoards of money, rather than investing is that they believe that demand is not there, and won't be any time soon. This has been reported widely, and is not subject to debate. The only thing that will crank up demand is some form of Keynsian stimulus. The government should be borrowing everything it can at the current rate of ~2% and dumping it from helicopters. Of course, it won't, because the political winds are signaling "austerity". It won't help the economy, but at least Jesus will be impressed.

Hark, the DCUM pseudo-intellectual has spoken.l

[Anonymous]

Well, the language was a bit flowery but essentially correct.

[Anonymous]

http://www.nytimes.com/2010/08/27/opinion/27krugman.html?ref=opinion

Paul Krugman-The Economy is not in Recovery

[Anonymous]

German Economy vs US Economy

German economic annual growth 9%-they made the right decisions

http://www.nytimes.com/2010/08/27/opinion/27brooks.html?ref=opinion

[Anonymous]

Anonymous wrote:http://www.nytimes.com/2010/08/27/opinion/27krugman.html?ref=opinion

Paul Krugman-The Economy is not in Recovery

The point of this article is that the economy is not getting better fast enough. The previous posters contend that we are spiraling downward.

[Anonymous]

Obama is a disappointment, period. OP - you won't find any sympathy from this board. Only a sickening kind of political sodomy.

[Anonymous]

Anonymous wrote:German Economy vs US Economy

German economic annual growth 9%-they made the right decisions

http://www.nytimes.com/2010/08/27/opinion/27brooks.html?ref=opinion

Oh, now I have heard everything. If you had any idea of how German labor works, you would never have posted this. It is everything you oppose as a Republican, and you don't even know it.