United States of Entropy

[digitize]

Number 29 is the scary one there.

[INDY500]

Along with # 30

[digitize]

I don't know if 30 scares me or not. I am skeptical that quantitative easing has had much of an effect in any sense, but mildly concerned that it could be a cause for future inflation. Regardless, the real part of the economy is lethargic right now in a way that concerns me far more than the nominal part (i.e. inflation).

[AEON]

How "real" is any of this crap? It "seems" these people can "print" or "not print" and there's no visible difference. It seems economics is nothing more than an agreed upon illusion.

[Irvine511]

Originally Posted by INDY500

33 Shocking Facts Which Show How Badly The Economy Has Tanked Under Obama | Zero Hedge A sad record of economic malaise, growing entitlement, debt and people are suffering for it.

Still blaming Obama for the Great Recession? I lost track of how many times it said "during Obama's first term ..."

SHOCKING FACTS! SO SO SHOCKING!

[Jive Turkey]

Originally Posted by Irvine511

Still blaming Obama for the Great Recession? I lost track of how many times it said "during Obama's first term ..."

SHOCKING FACTS! SO SO SHOCKING!

Read the 'facts' he has carefully bolded for us... yet he defends walmart in another thread. does not compute

[Pearl]

Regarding the widening gap between the rich and poor, I remember Newsweek running articles and polls about that in the mid 90s, the Clinton years. So the talk of the disappearing middle class has been around long before Obama or Bush.

[digitize]

Originally Posted by Pearl

Regarding the widening gap between the rich and poor, I remember Newsweek running articles and polls about that in the mid 90s, the Clinton years. So the talk of the disappearing middle class has been around long before Obama or Bush.

But it's worse now than it was under Bush, and it was worse under Bush than it was under Clinton. It's no coincidence that this is such a topic of discussion right now. It's an absolutely frightening problem.

[Pearl]

Originally Posted by digitize

But it's worse now than it was under Bush, and it was worse under Bush than it was under Clinton. It's no coincidence that this is such a topic of discussion right now. It's an absolutely frightening problem.

But there some Americans who think this problem started under Obama and it didn't. That was my point. I agree this problem is frightening and the future looks worrisome.

[nbcrusader]

Originally Posted by Pearl

But there some Americans who think this problem started under Obama and it didn't. That was my point. I agree this problem is frightening and the future looks worrisome.

The gap has always been there. Sadly, all the promise of hope and change has left the country far deeper in debt and no better off.

[Irvine511]

Originally Posted by nbcrusader

The gap has always been there. Sadly, all the promise of hope and change has left the country far deeper in debt and no better off.

talk about horrifically vague. no, it hasn't always been there, and it hasn't been this bad since the 1920s:

Income inequality in the United States has grown significantly since the early 1970s,[1][2][3][4][5] after several decades of stability,[6][7] and has been the subject of study of many scholars and institutions. While inequality has risen among most developed countries, and especially English-speaking ones, it is highest in the United States.[8][9][10] Income inequality (as measured by the Gini coefficient) is not uniform among the states: after tax income inequality in 2009 was greatest in Texas and lowest in Maine.[11]
Most of the growth has been between the middle class and top earners, with the disparity becoming more extreme the further one goes up in the income distribution.[12] A 2011 study by the CBO[13] found that the top earning 1 percent of households increased their income by about 275% after federal taxes and income transfers over a period between 1979 and 2007, compared to a gain of just under 40% for the 60 percent in the middle of America's income distribution.[13] Other sources find that the trend has continued since then.[14] In spite of this data, only 42% of Americans think inequality has increased in the past ten years.[15] In 2012, the gap between the richest 1 percent and the remaining 99 percent was the widest it's been since the 1920s.[16] Incomes of the wealthiest 1 percent rose nearly 20 percent, whereas the income of the remaining 99 percent rose 1 percent in comparison.[16]

our debt is due to a revenue problem, and we're all much better off than we were in the fall of 2008. the Obama team were able to avoid a 2nd Great Depression and enter into a slow but clear recovery. he's also extracted us from 2 expensive, bloody wars. he also saved Detroit and Wall Street and meaningful financial reform has been passed. we'll also start to see real, clear health care savings (what will be the real driver to debt in the future) in the states that are adopting the ACA starting October 10 (California and Minnesota already being early examples).

now that the economy is slowly growing and we're not pouring endless blood and treasure into a sand pit, the debt it's better understood as a revenue problem. you have one party fanatically opposed to any income taxes for the wealthy, who at the same time want to literally take food from the mouths of hungry people with their new war on food stamps.

these issues are largely due to the Bush years (war, tax cuts) and the Republicans in Congress (more tax cuts, slashing of the public sector, total opposition to anything proposed by the White House, blaming the poor for debt).

[PhilsFan]

Cut taxes on the rich then blame the poor for the economic problems.

[Irvine511]

It's this latest food stamp thing that's really bugging me.

[INDY500]

Originally Posted by Irvine511

Still blaming Obama for the Great Recession? I lost track of how many times it said "during Obama's first term ..."

SHOCKING FACTS! SO SO SHOCKING!

The recession was over 6 months into Obama's presidency. We're now 4 years into "The Obama Recovery."

[Irvine511]

Originally Posted by INDY500

The recession was over 6 months into Obama's presidency. We're now 4 years into "The Obama Recovery."

We've seen just how bad the recession was, the damage that was done, and the slowing of progress by a political party who's only (now failed) goal was to make Obama a one-term president.

What, pray tell, would President INDY have done?

(President Irvine would have started with a larger stimulus and he wouldn't have gutted the public sector)

[Jive Turkey]

Originally Posted by Irvine511

What, pray tell, would President INDY have done?

When has Indy done anything other than point fingers and bitch and complain? His whole fym persona is to blame other people (usually obama) for his perceived societal ills. It's his schtick

[Jive Turkey]

Originally Posted by INDY500

.

[Jive Turkey]

Originally Posted by INDY500

.

[Irvine511]

Originally Posted by Jive Turkey

When has Indy done anything other than point fingers and bitch and complain? His whole fym persona is to blame other people (usually obama) for his perceived societal ills. It's his schtick

Be fair. He sometimes blames gay people for the high % of African-American babies born out of wedlock.

[Irvine511]

Originally Posted by INDY500

The recession was over 6 months into Obama's presidency. We're now 4 years into "The Obama Recovery."

idiotic GOP stunts from egomaniacs like Cruz (R-Canada) have, over the past 4 years, done enormous harm to the economy.


Shutdown countdown: What the next eight days could bring - The Washington Post


i believe we've had 40 failed votes to repeal the ACA? it's difficult to keep count.

i know hurting the economy is the point. and i know it might play well to the cheap, uninformed seats, and it lets the Tea Party crowd delay growth and blame Obama for everything under the sun ("thanks, Obama!"), but what it really does is harm other Americans.