12thMan
11-03-2010, 02:13 PM
Another good point...about the Depression.
We're in a severe recession. Unemployment is sky high. A few years ago, home ownership was at an all-time HIGH, now it's at an all-time LOW. Inflation is coming next year. Energy costs are rising. The "Healthcare" bill is costing people more money RIGHT NOW and giving no benefits. They're raising taxes dramatically in 2 months DURING A DEEP RECESSION. (tax rate hikes for everyone, reduction of child credits, re-reinstatement of inheritance/death tax, lower standard deduction, etc...all from expiring Bush tax cuts they refuse to extend). Then, the President wants to pass Cap-and-Trade, meaning higher energy costs on top of the current rate increases, plus higher food/product/service costs and less jobs...
Most of working America has realized that if we don't stop this President's agenda NOW, we'll be in a real Depression. Yes, the economy was struggling when he came into office, but he's done the exact OPPOSITE of everything that needs to be done. More spending AND higher taxes...taking over companies/banks, trying to detroy free markets, especially in healthcare/insurance fields, discouraging employers to hire more...it almost looks intentional.
Buster, with all due respect homie, this isn't lining up with the economic data that we're seeing and have seen over the past twelve months. This is the fastest post recession recovery we've seen in a generation or better. How we go from here back to a Depression is beyond me. The auto companies have returned to viability, TARP has been repaid with interest and at a profit to the taxpayer. You know that, right? You can't cut corners when you inherit such an economy as Obama did. You have to spend and cut taxes. You know he's done that too, right?
What's troubling coming from, what I believe to be, reasonable people like yourself, GMScud (hell, I'll throw in Firstdown) and others is had we elected John McCain, the size of his stimulus program would have been very comparable in scope to Obama's. Definitely scaled down some, but he would have had to do something nonetheless. The bank bailouts weren't even optional, so I wont' go there.
I'm not economic prognosticator, but let's see how things play out over the next 12-24 months. I think the economy will be better off and not worse.
We're in a severe recession. Unemployment is sky high. A few years ago, home ownership was at an all-time HIGH, now it's at an all-time LOW. Inflation is coming next year. Energy costs are rising. The "Healthcare" bill is costing people more money RIGHT NOW and giving no benefits. They're raising taxes dramatically in 2 months DURING A DEEP RECESSION. (tax rate hikes for everyone, reduction of child credits, re-reinstatement of inheritance/death tax, lower standard deduction, etc...all from expiring Bush tax cuts they refuse to extend). Then, the President wants to pass Cap-and-Trade, meaning higher energy costs on top of the current rate increases, plus higher food/product/service costs and less jobs...
Most of working America has realized that if we don't stop this President's agenda NOW, we'll be in a real Depression. Yes, the economy was struggling when he came into office, but he's done the exact OPPOSITE of everything that needs to be done. More spending AND higher taxes...taking over companies/banks, trying to detroy free markets, especially in healthcare/insurance fields, discouraging employers to hire more...it almost looks intentional.
Buster, with all due respect homie, this isn't lining up with the economic data that we're seeing and have seen over the past twelve months. This is the fastest post recession recovery we've seen in a generation or better. How we go from here back to a Depression is beyond me. The auto companies have returned to viability, TARP has been repaid with interest and at a profit to the taxpayer. You know that, right? You can't cut corners when you inherit such an economy as Obama did. You have to spend and cut taxes. You know he's done that too, right?
What's troubling coming from, what I believe to be, reasonable people like yourself, GMScud (hell, I'll throw in Firstdown) and others is had we elected John McCain, the size of his stimulus program would have been very comparable in scope to Obama's. Definitely scaled down some, but he would have had to do something nonetheless. The bank bailouts weren't even optional, so I wont' go there.
I'm not economic prognosticator, but let's see how things play out over the next 12-24 months. I think the economy will be better off and not worse.