President Obama Re-Elected - Page 1402

On November 08 2012 10:57 Joedaddy wrote:


Incomes declined every year during his first term. down by $4,300. for middle income families.

32 million on food stamps when Obama took office. Now 47 million on food stamps.

10 trillion dollars in debt when Obama took office. Now16 trillion in debt.

Unemployment is down, but there are also less people being counted that still remain unemployed. I need to dig up the details about this, but there is a lot of concern that un-employment is being understated as a result in the way unemployment is being counted. In essence, being willing and able to work yet remaining unemployed does not mean you are being counted in the unemployment numbers.

"Setting fire" seems a bit extreme, but I'm not seeing how Obama's policy are anything short of failure. Unless of course, you paint the doomsday picture that Obama saved us from.

The financial crisis of 2007–2008, also known as the global financial crisis and 2008 financial crisis, is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s.[1][2] It resulted in the threat of total collapse of large financial institutions, the bailout of banks by national governments, and downturns in stock markets around the world. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of US dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis.[3][4] The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 7, 2007 when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity".[5]

The bursting of the U.S. housing bubble, which peaked in 2006,[6] caused the values of securities tied to U.S. real estate pricing to plummet, damaging financial institutions globally.[7][8] The financial crisis was triggered by a complex interplay of government policies that encouraged home ownership, providing easier access to loans for subprime borrowers, overvaluation of bundled sub-prime mortgages based on the theory that housing prices would continue to escalate, questionable trading practices on behalf of both buyers and sellers, compensation structures that prioritize short-term deal flow over long-term value creation, and a lack of adequate capital holdings from banks and insurance companies to back the financial commitments they were making.[9][10][11][12] Questions regarding bank solvency, declines in credit availability and damaged investor confidence had an impact on global stock markets, where securities suffered large losses during 2008 and early 2009. Economies worldwide slowed during this period, as credit tightened and international trade declined.[13] Governments and central banks responded with unprecedented fiscal stimulus, monetary policy expansion and institutional bailouts. Although there have been aftershocks, the financial crisis itself ended sometime between late-2008 and mid-2009.[14][15][16] In the U.S., Congress passed the American Recovery and Reinvestment Act of 2009. In the EU, the UK responded with austerity measures of spending cuts and tax increases without export growth and it has since slid into a double-dip recession.[17][18]

Many causes for the financial crisis have been suggested, with varying weight assigned by experts.[19] The U.S. Senate's Levin–Coburn Report asserted that the crisis was the result of "high risk, complex financial products; undisclosed conflicts of interest; the failure of regulators, the credit rating agencies, and the market itself to rein in the excesses of Wall Street."[20] The 1999 repeal of the Glass–Steagall Act effectively removed the separation between investment banks and depository banks in the United States.[21] Critics argued that credit rating agencies and investors failed to accurately price the risk involved with mortgage-related financial products, and that governments did not adjust their regulatory practices to address 21st-century financial markets.[22] Research into the causes of the financial crisis has also focused on the role of interest rate spreads.[23]

In response to the financial crisis, both market-based and regulatory solutions have been implemented or are under consideration.[24] Paul Krugman, author of End This Depression Now! (2012), argues that while current solutions have stabilized the world economy, the world economy will not improve unless it receives further stimulus.[25] Buchanan, Gjerstad, and Smith argue that fiscal and monetary policy are ineffective, failing to reignite residential investment and construction as they have in past contractions. The current type of contraction requires balance sheet repair via currency depreciation and export-driven growth. Fiscal stimulus extends a current account deficit and retards export growth.[18][26] If the world economy does not improve, many economists fear sovereign default is a real possibility in several European countries and even the United States.[27]

On November 08 2012 11:18 Maxyim wrote:


I disagree with you 100%. We lost the election because of the superfluous crap that taints Republicans. Romney offered a clear fiscal and foreign policy alternative to Obama. Obama already had a poor track record in these areas. Yet none of that could stop the 5% margin from increased turnout by pissed-off women, gays and Latinos. GG, no re for 12 years; can we try something different then?

On November 08 2012 11:07 Maxyim wrote:
Looks like the Republican party is done; left-wing voters resoundingly outnumber right-wing voters now within the USA; the election was not even close, yet Republicans were the party with the momentum!

Hillary will win in 2016 after another "slow recovery" period by positioning herself as a more moderate Democrat than Obama. Pretty soon, the moderate Democrats will be running against the liberal Democrats. Europe, here we come!!!

On a brighter note, America just voted to re-elect a minority president after a first term chronicled by the worst economic record since the Great Depression. Perhaps we can finally stop talking about racism now.


MAINSTREAM REPUBLICANS, ESP. THOSE PLANNING TO RUN FOR POTUS / CONGRESS, OR ADVISE SAID CANDIDATES IN ANY WAY, SHAPE OR FORM:

/rant, profanity alert

+ Show Spoiler +

/endrant


http://www.boortz.com/Player/101701171/ - (listen to the whole thing, TL)

On November 08 2012 11:21 jdseemoreglass wrote:

Do you honestly think Republicans could ever win anything playing the "we're less liberal than they are" game? That's a death sentence. It makes no sense at all to say that the way to beat Democrats is to be more Democrat.

On November 08 2012 11:14 Sermokala wrote:


Obama had less then one percent more of the population vote for him then romney. You're really blowing this out of proportion. There was this one election a little while back where the republican candidate won all but one state in the union. did the democrats die out because of that?

Quite literally nothing changed from the election and its looking like thats going to stick. Republicans are holding more gov seats then ever and have a redistricting advantage in the house.

Like literally bachmann is still going back to Washington. If that doesn't say anything to you then you need to reexamine your view of politics in america.

On November 08 2012 11:22 farvacola wrote:

Unless the country is.....you know.......more Democrat.

On November 08 2012 11:23 Maxyim wrote:


My friend, you forget that Obama was running for reelection after a first term chronicled by the worst economic record since the Great Depression. He won IN SPITE of his record. He has literally accomplished nothing in four years. Obamacare is a perceived failure by over 50% of the electorate. The economy was rated as the top area of concern by something like 75% of the electorate.

Women and minorities decided this election, for reasons specifically stated above. Bachmann survived by the skin of her teeth; West and Love are out...I don't see where you are going with your argument.



This. There is no other explanation.

On November 08 2012 11:23 Maxyim wrote:


My friend, you forget that Obama was running for reelection after a first term chronicled by the worst economic record since the Great Depression. He won IN SPITE of his record. He has literally accomplished nothing in four years. Obamacare is a perceived failure by over 50% of the electorate. The economy was rated as the top area of concern by something like 75% of the electorate.

Women and minorities decided this election, for reasons specifically stated above. Bachmann survived by the skin of her teeth; West and Love are out...I don't see where you are going with your argument.



This. There is no other explanation.