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  1. #1 The Mirage Crumbles 
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    link

    Just scan the OP if you aren't interested in all of it. It's the comment that's interesting.

    marmar Donating Member (1000+ posts)
    Original message
    The Mirage Crumbles Updated at 3:58 PM

    from the WorkingLife blog:

    The Mirage Crumbles
    by Jonathan Tasini

    Wednesday 24 of February, 2010

    I do not like to be negative. I'm actually quite the optimist, generally speaking. So, I admit to feeling uneasy that I've been presistently, regularly disbelieving about the talk of "economic recovery". I think that such talk ignores the actual FACTS and is largely driven by political imperatives--meaning, politicians who want to be re-elected and believe that they have to appear to be leading the people out of the deep economic crisis we find ourselves in.

    People don't have money to spend:

    Consumers remain reluctant to open their wallets with unemployment stubbornly high and home prices falling and unlikely to turn up soon, executives and economists say. While business purchases and other indicators point to an improving economy, unemployment is now at 9.7% and expected to fall only gradually over the next two years.

    That should certainly not be surprising. It's the natural end game of a 30-year assault on wages. Credit is gone. People do not have decent-paying work. How could they spend money?

    And the banking sector is still in crisis:

    U.S. banks posted last year their sharpest decline in lending since 1942, suggesting that the industry's continued slide is making it harder for the economy to recover.

    While top-tier banks are recovering at a faster clip, the rest of the industry is still suffering, according to a quarterly report from the Federal Deposit Insurance Corp. Banks fighting for survival, especially those plagued by losses on commercial real estate, are less willing to extend loans, siphoning credit from businesses and consumers.

    Besides registering their biggest full-year decline in total loans outstanding in 67 years, U.S. banks set a number of grim milestones. According to the FDIC, the number of U.S. banks at risk of failing hit a 16-year high at 702. More than 5% of all loans were at least three months past due, the highest level recorded in the 26 years the data have been collected. And the problems are expected to last through 2010.

    This is going to be a long, difficult road--until we start having a serious debate about the nature of our economy and the robbery that has taken place--and is still taking place--in the country.


    http://www.workinglife.org/blogs/view_post.php?content_...
    Bitwit1234 Donating Member (1000+ posts)
    2. Did you hear anything about this

    If it happened why is the republican press so silent. The republicans said they gave President Obama all their proposals for Health Care during the meeting the had with him at the retreat in Baltimore...WHAT????

    They also said, get this they gave their proposals on first jobs. So if they wanted jobs so bad why did the vote to not want to bring it to the floor. (But it did get passed) Second they wanted fiscal responsible (what about what happened with Bush's administration?) and fiscal reform. Then they want open government. Again what happened during Bush's reign. Energy and National security upgraded.

    If this is what they want, and if they had given this to President Obama how come they haven't screamed that he has not addressed any of these issues as coming from the republicans.
    Amazing, simply amazing. Though I should be used to it now. The liberals, including President Obama have a tin ear when it comes to any of these issues.

    They only hear what they WANT to hear, and then they believe what they want to believe (most people want their kind of health care reform, in order to get out of the recession we need to spend more and more money we don't have, the Republicans haven't put forth any health care reform bills=even though their plan has been linked to the White House site for months, etc...etc...etc...)
    Bonhomme Richard Donating Member (1000+ posts)
    6. Unless we find a way to shift that money from the top 1%

    down to the rest of the country I don't see any real solution.
    Right. Don't do anything to stimulate and encourage private sector jobs, just steal money from the "rich".

    And then the "poor" who have received the money from the "rich" through the government will spend the money....and then it will be gone and they and the government will still be in the same situation.......no jobs and needing to continue stealing from the "rich" to give to the "poor" because they just can't make it on their own.
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  2. #2  
    Senior Member Dan D. Doty's Avatar
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    Why so should they listen?

    They smarter, more informed and enlightened.

    Are if they really believe all this, then I have bridge to sell them; no checks, cash and in small bills :D
    CU's Paranormal Expert.


    Keep your powder dry, your sword sharp and your wits intact.
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  3. #3  
    eeeevil Sith Admin SarasotaRepub's Avatar
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    Bitwit1234 Donating Member (1000+ posts)
    2. Did you hear anything about this

    If it happened why is the republican press so silent.
    Ha!!! I love when the DUmmies spout that.

    DUmmies...if you shitheads really believe the "press" is ReThug controlled you're just plain stupid. DUmb as a bag of hammers.

    You really have to live in a different world to go along with that.
    May the FORCE be with you!
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  4. #4  
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    Right. In a world where Obama is considered right of center. (Really. They say that.)
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  5. #5  
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    How do ya like the "Hopey-Changey" thing now, Morons?:mad:
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