There aren’t enough credible examples out there for anyone to say yes to this. with new taxes coming, even more companies are going overseas. Let’s hold o to his own words and make him a one term president.
To repeat what I said yesterday, of course things are better now than they were four years ago. Is everyone too doped up to remember what happened in 2008? Here’s the top news story of 2008, according to the webite of Radio Free Europe (http://www.rferl.org/content/Year_In_Review_Top_10_News_Stories_2008/1362453.html):
1. Global Financial Crisis
It’s being called the worst financial crisis since the Great Depression. And like the Great Depression, the 2008 version began in the United States, but soon spread around the world.
Beginning with the subprime mortgage crisis of September, the situation soon escalated with the bankruptcy of the large investment bank Lehman Brothers. More banks failed. World stock markets plunged. Panic selling ensued. Companies collapsed or laid off workers — more than 500,000 jobs were lost in the United States in November alone.
The former chairman of the U.S. Federal Reserve, Alan Greenspan, put the unfolding drama into perspective in September when he called it a “once-in-a-century type of financial crisis.”
Iceland’s banking system collapsed in October, forcing it to ask for help from the International Monetary Fund. Other countries, such as Hungary, Latvia, Ukraine, Belarus, and Pakistan, also sought assistance from the IMF.
Leaders from 20 of the world’s rich and developing economies met in Washington in mid-November to discuss a unified response. Calls were made for a dramatic overhaul of the world’s financial architecture.
There are now fears for the collapse of the U.S. auto industry, one of the backbones of American industry.
The Fed’s key interest rate stands practically at zero, effectively eliminating it as a tool of monetary policy.
In the United States alone, it’s estimated that the government’s bailout effort has cost $8.5 trillion…and counting, as President Obama plans to enact his own rescue plan once he takes office on January 20.
Better than 2008Mitt Romney has been asking the question: Are you better off now than you were four years ago? Collectively as a nation, I say yes, and here’s why:• Four years ago, we were losing 700,000 to 800,000 jobs a month. Now, there have been 4 million private sector jobs added, and, at present, there have been 29 consecutive months of job creation.• Four years ago, the stock market had reached a low of 6,500. Today, the market is back up to 13,000. How does your 401(k) look now as compared to then?• Four years ago, GM and Chrysler were on the brink of bankruptcy. Now GM and Chrysler are thriving and increasing their workforce.I understand that things are not perfect, but it takes time to dig out of a hole as large as the one we were in four years ago.Back to failed policies?A vote for Mitt Romney will return our country to the failed economic policies of George W. Bush. Moreover, why should we vote for a presidential candidate who has made a pledge to Grover Norquist not to raise taxes if elected? I thought our president makes a pledge to protect, uphold and defend our Constitution instead of making a pledge to a wealthy lobbyist
Excellent point DrCanuck; shrubster and cheney took a whole bunch of chapters from the chief paranoiac ronnie raygun’s book, not just a page. Fear, fear and the need for more and more military spending when there really was no threat, real or imagined. But most imagined. Uncle ronnie raygun was closed off to reality and facts. He really started the ball rolling. Clinton changed its direction and helped America. shrubster and cheney really pushed back the wrong direction. We, the US and the World do not need the selfishness of the right-wing and destruction wrought by the tea party nuttery.
What we don’t know about yet are any of the secret wars shrubster and cheney had going. It took time for the ronnie raygun secret wars to come out into the light of day.
YES! I am better off than when Obama took office. But; I’m worse off than when BUSH took office in 2000.And ya’ll please check some facts; Bush doubled the national debt before Obama took office, and when Obama took office the US was losing 100’s of 1000’s of jobs per month, we’ve been gaining jobs for at least hte last 2 years.And the financial’s meltdown occured while Bush was in office.
The S&P 500 has gone from 890 in Jan 2009 to 1406 this week.-When Bush took office in 2000, the S&P was 1498. -So, yeah, I’m better off than I was four years ago. So is anyone who didn’t sell off their 401k when Obama took office.
The recession had little effect on me in my line of work.The nation as a whole is much better off, despite the best efforts of those who prefer scuttling the ship to allowing Obama to bring it to a better harbor.
To our friends who harp endlessly on the dangers of the deficit: Our shortfall is the natural result of fhe hard times underway as he took office. Entitlements already in place, subject to expanded usage in hard times, were deprived of funding by lower revenues as a result the economic collapse. There is no Obama spending binge.
If the recovery is too slow, blame those who obstruct it for partisan gain.
By all means, let’s throw out the checks and balances system we have in this country so that only one group has a voice. That would prove to be a complete disaster, but keep hoping for it.
AS Bugs Bunny would say “What a Maroon”.Only agenda for the Right for the past 4 years has been to make Obama a one term President and to hell with everything else.
“I’m way better off but not because of O, actually in spite of O I’m doing better.”-Yeah, the stock market coming back had no effect on your life whatsoever. sure.
“I guess you libs don’t own any stock in the NASDAQ. It’s only worth 3/5 of what it was when Zero was immaculated.”-IXIC Jan 2000 = 2773IXIC Jan 2009 =1476IXIC today = 3075-Butt, maybe you didn’t mean when Obama was inaugurated. Maybe you meant someone else. -BTW, figures for Dow and S&P 500 are very similar.
No, I’m not better off than I am four years ago. I’ve been working just as hard, too, and the only obstacles that keep me from my true potential is all the turmoil we’re in. I’m 40,000$ in debt from my degree in school, stuck back with my mom not able to get a job due to my industry cutting back on their budget, and I’m pushing carts at Wal Mart barely getting by paying back the loans. I’m back at the job I started before school, and the only way i got it was because I was friends with a boss there. I’m voting Romney. Obama also stopped independent drilling that Bush started, and THAT bankrupted my family, the business my father had, and put us in a really awful state to start. And it only goes downhill from there. Obama has some nice plans he’s trying, but we’ll all be dead by the time he’s done. Nice, weak, and crippled for other countries that hate the USA to come in and attack the homelands. Iran keeps making the nukes, they’re insane and won’t listen to reason, and Russia wants to have their flexibility. People need to get their faces out of their screens, and look at the world around them, and ask people how they’re doing. They’ll see it all.
sw10mm over 11 years ago
There aren’t enough credible examples out there for anyone to say yes to this. with new taxes coming, even more companies are going overseas. Let’s hold o to his own words and make him a one term president.
jonesb over 11 years ago
You’re going to deserve the financial hell that is coming.
Chillbilly over 11 years ago
And how much better off will you be with Vouchercare, rapists suing for custody, a nationally enforced policy of anti-gayness and richer billionaires?
lonecat over 11 years ago
To repeat what I said yesterday, of course things are better now than they were four years ago. Is everyone too doped up to remember what happened in 2008? Here’s the top news story of 2008, according to the webite of Radio Free Europe (http://www.rferl.org/content/Year_In_Review_Top_10_News_Stories_2008/1362453.html):
1. Global Financial Crisis
It’s being called the worst financial crisis since the Great Depression. And like the Great Depression, the 2008 version began in the United States, but soon spread around the world.
Beginning with the subprime mortgage crisis of September, the situation soon escalated with the bankruptcy of the large investment bank Lehman Brothers. More banks failed. World stock markets plunged. Panic selling ensued. Companies collapsed or laid off workers — more than 500,000 jobs were lost in the United States in November alone.
The former chairman of the U.S. Federal Reserve, Alan Greenspan, put the unfolding drama into perspective in September when he called it a “once-in-a-century type of financial crisis.”
Iceland’s banking system collapsed in October, forcing it to ask for help from the International Monetary Fund. Other countries, such as Hungary, Latvia, Ukraine, Belarus, and Pakistan, also sought assistance from the IMF.
Leaders from 20 of the world’s rich and developing economies met in Washington in mid-November to discuss a unified response. Calls were made for a dramatic overhaul of the world’s financial architecture.
There are now fears for the collapse of the U.S. auto industry, one of the backbones of American industry.
The Fed’s key interest rate stands practically at zero, effectively eliminating it as a tool of monetary policy.
In the United States alone, it’s estimated that the government’s bailout effort has cost $8.5 trillion…and counting, as President Obama plans to enact his own rescue plan once he takes office on January 20.
Breeana over 11 years ago
Brian G Premium Member over 11 years ago
yes, I am.
cjr53 over 11 years ago
Well said Morty. Very well said.
cjr53 over 11 years ago
Excellent point DrCanuck; shrubster and cheney took a whole bunch of chapters from the chief paranoiac ronnie raygun’s book, not just a page. Fear, fear and the need for more and more military spending when there really was no threat, real or imagined. But most imagined. Uncle ronnie raygun was closed off to reality and facts. He really started the ball rolling. Clinton changed its direction and helped America. shrubster and cheney really pushed back the wrong direction. We, the US and the World do not need the selfishness of the right-wing and destruction wrought by the tea party nuttery.
What we don’t know about yet are any of the secret wars shrubster and cheney had going. It took time for the ronnie raygun secret wars to come out into the light of day.
jamnarama over 11 years ago
YES! I am better off than when Obama took office. But; I’m worse off than when BUSH took office in 2000.And ya’ll please check some facts; Bush doubled the national debt before Obama took office, and when Obama took office the US was losing 100’s of 1000’s of jobs per month, we’ve been gaining jobs for at least hte last 2 years.And the financial’s meltdown occured while Bush was in office.
Yammo Premium Member over 11 years ago
No. Welcome President Romney and VP Ryan!
joe vignone over 11 years ago
You mean when we were losing 750,000 jobs a month and heading towards a financial cliff. You bet I am!
cdward over 11 years ago
We are not hemorrhaging jobs the way we were four years ago – so yes, we are all better off. Oh, and “pre-existing conditions” no longer haunt us.
braindead Premium Member over 11 years ago
The S&P 500 has gone from 890 in Jan 2009 to 1406 this week.-When Bush took office in 2000, the S&P was 1498. -So, yeah, I’m better off than I was four years ago. So is anyone who didn’t sell off their 401k when Obama took office.
charliekane over 11 years ago
The recession had little effect on me in my line of work.The nation as a whole is much better off, despite the best efforts of those who prefer scuttling the ship to allowing Obama to bring it to a better harbor.
To our friends who harp endlessly on the dangers of the deficit: Our shortfall is the natural result of fhe hard times underway as he took office. Entitlements already in place, subject to expanded usage in hard times, were deprived of funding by lower revenues as a result the economic collapse. There is no Obama spending binge.
If the recovery is too slow, blame those who obstruct it for partisan gain.
Dry and Dusty Premium Member over 11 years ago
Let’s put it this way, I’m voting for Romney/Ryan in November! Does that answer your question?
sw10mm over 11 years ago
By all means, let’s throw out the checks and balances system we have in this country so that only one group has a voice. That would prove to be a complete disaster, but keep hoping for it.
alex Coke Premium Member over 11 years ago
Probably much better than with McCain/Palin. What a joke that would have een.And a bad one too…….
Breeana over 11 years ago
AS Bugs Bunny would say “What a Maroon”.Only agenda for the Right for the past 4 years has been to make Obama a one term President and to hell with everything else.
michael Premium Member over 11 years ago
When Obama took office we were losing $700k jobs a month, and now we’ve had 24 straight months of job growth:
http://www.politifact.com/rhode-island/statements/2012/aug/30/david-cicilline/us-rep-david-cicilline-says-united-states-has-been/
braindead Premium Member over 11 years ago
“I’m way better off but not because of O, actually in spite of O I’m doing better.”-Yeah, the stock market coming back had no effect on your life whatsoever. sure.
braindead Premium Member over 11 years ago
“I guess you libs don’t own any stock in the NASDAQ. It’s only worth 3/5 of what it was when Zero was immaculated.”-IXIC Jan 2000 = 2773IXIC Jan 2009 =1476IXIC today = 3075-Butt, maybe you didn’t mean when Obama was inaugurated. Maybe you meant someone else. -BTW, figures for Dow and S&P 500 are very similar.
Z Rhett over 11 years ago
No, I’m not better off than I am four years ago. I’ve been working just as hard, too, and the only obstacles that keep me from my true potential is all the turmoil we’re in. I’m 40,000$ in debt from my degree in school, stuck back with my mom not able to get a job due to my industry cutting back on their budget, and I’m pushing carts at Wal Mart barely getting by paying back the loans. I’m back at the job I started before school, and the only way i got it was because I was friends with a boss there. I’m voting Romney. Obama also stopped independent drilling that Bush started, and THAT bankrupted my family, the business my father had, and put us in a really awful state to start. And it only goes downhill from there. Obama has some nice plans he’s trying, but we’ll all be dead by the time he’s done. Nice, weak, and crippled for other countries that hate the USA to come in and attack the homelands. Iran keeps making the nukes, they’re insane and won’t listen to reason, and Russia wants to have their flexibility. People need to get their faces out of their screens, and look at the world around them, and ask people how they’re doing. They’ll see it all.