A gentleman with a grasp of the problem.

Doug S.

The protoplasm may be 72, but the spirit is 32!
Lifetime Supporter
We lost our credit rating because we didn't cut enough spending, because of too high a debt ceiling. I didn't mention political parties previously. The Republicans and your dreaded Tea Party wanted to cut spending and debt ceiling, it was the Democrats that insisted on higher spending and debt ceiling, it was only a few days ago, don't you remember? On Tuesday we had the largest one day raise in history of the debt ceiling of $239 billion. The country is in "deep shit", it's not time for political bickering, it's time to do something.

I respectfully disagree, Al. We lost our credit rating not because we didn't cut enough spending, we lost it because we didn't increase "income" at the same time we cut spending. The country NEEDED a balanced approach, but the leadership in the House of Representatives allowed himself to be led around by the nose at the whim of a small bunch of angry, temper-tantrum throwing hoodlums. He used poor judgement, IMHO, plain and simple. It doesn't matter if he was a Republican or a Democrat, it was the wrong thing for ANYONE to do....it's just a matter of record that he is a Republican.

I say to SOTH John Boehner, grow up, grow some balls, and do what is best for this country, which the vast majority believes is a balanced plan involving cuts in spending AND increases in "income", most of which will need to come from taxes. IMHO, you and the rest of the country should be saying the same thing, regardless of the party of affiliation of the SOTH. The SOTH has incredible power and we've seen how it can be misused (Tom Delay)...but the "Party of NO!" failed to learn a lesson from that despicable member's fall from grace and we can only hope that their feet are collectively held to the fire in the next election for their collective failure to use good judgement.

Look what it has cost our country in the eyes of the world....SHAME ON THEM!!!

[P.S.---SHAME on Obama for having cratered, too....he should have held out for increased revenue, perhaps we would not have lost our AAA credit rating if he had done so]

Sadly.....Doug
 

Jim Craik

Lifetime Supporter
Doug,

Like is said, right now we need higher taxes and more government spending!

Once again the Republicans have screwed the economy. Trickel down failed under Reagan, and has failed again.

I got a big tax cut I did not want or need. I did not hire any new employees, I did not go to the mall and by extra stuff, not with a bad economy, what I did was save it.

Now if that money had gone to the government in the form of taxes, it would have gone immediately into the economy, making jobs, buying stuff and paying taxes.

The republicans have taken a big slice out of the economy and jobs. The economy will now decline, but I guarantee they will blame it on Obama and you morons will believe it!
 

Jim Craik

Lifetime Supporter
Democrats beat Republicans 25:1 in stock market returns
Posted Oct 31st 2008 4:19PM by Peter Cohan
Filed under: Personal Finance, Presidential Elections



I realize that it's not a reason to pick a president, but if you care about your stock portfolio, you'd be better off with a Democratic president. How so? Peter Siris of Guerrilla Capital has run some numbers -- comparing an investment of $10,000 in the S&P 500 under Republican administrations to the same investment under Democratic ones. He permitted me to preview these numbers which will run in his New York Post column on November 3rd.

Since 1929 both parties have controlled the White House for 40 years and Siris estimates that the $10,000 would be worth $11,733 under Republican administrations and $300,671 under Democratic ones. According to Siris, "for whatever reason, Republicans have been in office during the three worst stock market declines: The Great Depression, the early to mid-1970s, and the current market."

***********

I just can't understand why anyone would support the Republican party.

Obviously 1929 is a partisan choice but the trend is absolutely clear.
 
Democrats beat Republicans 25:1 in stock market returns
Posted Oct 31st 2008 4:19PM by Peter Cohan
Filed under: Personal Finance, Presidential Elections



I realize that it's not a reason to pick a president, but if you care about your stock portfolio, you'd be better off with a Democratic president. How so? Peter Siris of Guerrilla Capital has run some numbers -- comparing an investment of $10,000 in the S&P 500 under Republican administrations to the same investment under Democratic ones. He permitted me to preview these numbers which will run in his New York Post column on November 3rd.

Since 1929 both parties have controlled the White House for 40 years and Siris estimates that the $10,000 would be worth $11,733 under Republican administrations and $300,671 under Democratic ones. According to Siris, "for whatever reason, Republicans have been in office during the three worst stock market declines: The Great Depression, the early to mid-1970s, and the current market."

***********

I just can't understand why anyone would support the Republican party.

Obviously 1929 is a partisan choice but the trend is absolutely clear.
Jim why is it that almost every time you quote some type of historic numeric statistic, the current presidential administration is exempt from the equation? lets talk about THIS current presidents numbers for a change.....once again lets review where we are now...unemployment? national debt? our nations credit rating..need I say more? I understand that you and a few (very few) members have your heels dug in deep with this guy, but I would think you guys would have the dignity to put your partisan party line beliefs aside and call this administration for what it is..........But truthfully I doubt that will ever happen..
 
Democrats beat Republicans 25:1 in stock market returns
Posted Oct 31st 2008 4:19PM by Peter Cohan
Filed under: Personal Finance, Presidential Elections



I realize that it's not a reason to pick a president, but if you care about your stock portfolio, you'd be better off with a Democratic president. How so? Peter Siris of Guerrilla Capital has run some numbers -- comparing an investment of $10,000 in the S&P 500 under Republican administrations to the same investment under Democratic ones. He permitted me to preview these numbers which will run in his New York Post column on November 3rd.

Since 1929 both parties have controlled the White House for 40 years and Siris estimates that the $10,000 would be worth $11,733 under Republican administrations and $300,671 under Democratic ones. According to Siris, "for whatever reason, Republicans have been in office during the three worst stock market declines: The Great Depression, the early to mid-1970s, and the current market."

***********

I just can't understand why anyone would support the Republican party.

Obviously 1929 is a partisan choice but the trend is absolutely clear.
This statement rings soooo fricking hollow.....our economy is in a downhill spiral and all you think about are past happy graphs!!! get real Jim, we have never had such a hard core socialist president as we do now. he is so bound to his left wing ideology......we're doomed if he gets elected for a second term... Jim what is it that you do for a living that makes you exempt from this administrations wrath?? are or were you employed by the government? I'm just curious...that would maybe help me understand your point of view.
 
I understand that you and a few (very few) members have your heels dug in deep with this guy,.


we're doomed if he gets elected for a second term... .

Not sure how both these statements can be true, i.e. if he has so few supporters how will he get reelected.

Also, in the UK the Conservatives waited over 12 years, the Liberals over 90, to oust the socialists and get into power. In the 18 months they have been in power their support and popularity has plummeted.

If there was an election tomorrow it would be no surprise to me if the socialists got back in, the electorate have very short memories be careful what you wish for. It's far easier to snipe from the opposition benches and be popular, than be in power and have to make the hard unpopular decisions, if you don't believe me just ask the Liberal Democrats in the UK.
 

Doug S.

The protoplasm may be 72, but the spirit is 32!
Lifetime Supporter
Jim why is it that almost every time you quote some type of historic numeric statistic, the current presidential administration is exempt from the equation? lets talk about THIS current presidents numbers for a change.....once again lets review where we are now...unemployment? national debt? our nations credit rating..need I say more? I understand that you and a few (very few) members have your heels dug in deep with this guy, but I would think you guys would have the dignity to put your partisan party line beliefs aside and call this administration for what it is..........But truthfully I doubt that will ever happen..

This statement rings soooo fricking hollow.....our economy is in a downhill spiral and all you think about are past happy graphs!!! get real Jim, we have never had such a hard core socialist president as we do now. he is so bound to his left wing ideology......we're doomed if he gets elected for a second term... Jim what is it that you do for a living that makes you exempt from this administrations wrath?? are or were you employed by the government? I'm just curious...that would maybe help me understand your point of view.
.

Craig, as an independent with political views all across the spectrum, from liberal to conservative, I'd like to address some of your questions (not that I can speak for Jim, I believe he does a quite admirable job for himself).

As for Jim's use of historical information, I think it is important to understand human behavior...and that one of the tenants of psychology is that past behavior is the best predictor of future behavior. Jim uses historical data to illustrate the (IMHO quite obvious) differences in the way the two parties have historically managed certain functions of our government. Many people who engage in these political discussions insist that opinions be supported by facts...Jim does, indeed, satisfy that request. What is less "persuasive" is to attack the person....as you seem to do on a regular basis (and, as past behavior is the best predictor of future behavior, can be expected to continue).

"....unemployment? national debt? our nations [sic] credit rating?"...all those things are issues which were "inherited" by BO (from the previous Republican administrations) or forced down BO's throad by the current Republicans (I watched an interview with an S&P administrator yesterday, he was quite specific that given the recent failure by the two political parties to arrive at a bipartisan agreement....let's be honest here, BO gave the Republicans MANY of the spending cuts they wanted and got NONE of the revenue increases he wanted....that S&P had severe reservations that the very same government could arrive at any reasonable combination of spending cuts/new revenue as required by the bill recently passed). IMHO, both parties are to blame for this failure, the Republicans for refusing to consider increased revenue and the Democrats for failing to stand their ground and insist on increased revenue...but, in the end, the Republicans share most of the blame b/c they engineered the legislation and S&P realized it was NOT going to offer adequate relief.

As for being doomed if BO is re-elected, IMHO he is the lesser of the two evils. The offerings of the Republicans in the most recent presidential election were (again, IMHO) laughable....and obviously, the majority of the people in the U.S. agreed with that opinion. I voted for BO primarily b/c the Republican candidate wanted to continue a war that I believed we had no place entering in the first place (Iraq) and b/c IMHO the Republican party showed poor judgement in their choice of a VP candidate. You will note that my vote was not a vote FOR the Democratic choice as much as it was a vote against the Republican offering...the lesser of the two evils, as I said.

I don't have my heels dug in with BO, as you state, but until the Republicans can come up with a BETTER choice, the one with "socialist" leanings, as you suggest, seems to me to be the ONLY choice we centrist Americans can support.

I can say this...in my decidedly centrist view, the KOOKS that make up the TEA party faction of the Republican organization are very scary. They are ultra-radical in their idealogy, MUCH more so than is BO's "socialist" idealogy [your assertion, not mine] to us centrists and independents. They may appeal to the Republicans, but they scare the rest of us away. I, for one, blame the TEA party for the PRIMARY failure of the current legislation to come up with a debt-reduction plan that S&P would have found acceptable, not the Democrats. To those with radical-right leanings, I know they seem to be admirable, but to the rest of us, they are just plain scary and we're already scared enough about what the future holds without placing them in a position of greater power.

IMHO, we have the best arrangement possible at this time. I know that doesn't seem to be a defensible attitude to you, with your radical right wing viewpoint, but at least with the House being controlled by a Republican majority and the Senate being controlled by a Democratic majority, we have at least a modicum of "checks and balances" in effect, thereby ensuring that neither party can run roughshod over the other.

I sincerely believe that Jim's historical data points out the tendency of the Republican party to build debt for the nation, and as I said before, their past behavior scares me (and, IMHO, most of the U.S. population) enough that unless there is RADICAL movement towards a more centrist orientation within the Republican party before the next presidential election I can't imagine voting Republican...BO continues to be the lesser of the two evils.

Just MHO, Craig....now, I'd ask you to offer support for YHO....you seem to believe that BO is responsible for the current situation...show us some historical graphs, show us some current information that PROVES that the morass in which we find ourselves can positively be attributed to BO and his "socialist" leanings....please! Attacking Jim as a person doesn't do it for me, I need PROOF, not just displays of indignation that Jim sees things differently than you do.

Respecting your right to have a different opinion......Doug!
 

Jim Craik

Lifetime Supporter
“Boehner gets 90% of what he wanted and the stock market drops big time!

Just imagine how bad the market would have reacted of Boehner and the "stupid party" got all they wanted!

The market and the economy demand higher taxes. They know that cuts in spending will only hurt the economy!
 
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Jim Craik

Lifetime Supporter
Jim why is it that almost every time you quote some type of historic numeric statistic, the current presidential administration is exempt from the equation? lets talk about THIS current presidents numbers for a change.....once again lets review where we are now...unemployment?
Posted by Craig

**********

OK Craig, lets talk about the current administration and unemployment.

Look carefully at this graph and tell us who is responsibe for the current unemployment mess and has Obama made it worse or has Obama made it better?

 
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Not sure how both these statements can be true, i.e. if he has so few supporters how will he get reelected.

Also, in the UK the Conservatives waited over 12 years, the Liberals over 90, to oust the socialists and get into power. In the 18 months they have been in power their support and popularity has plummeted.

If there was an election tomorrow it would be no surprise to me if the socialists got back in, the electorate have very short memories be careful what you wish for. It's far easier to snipe from the opposition benches and be popular, than be in power and have to make the hard unpopular decisions, if you don't believe me just ask the Liberal Democrats in the UK.


For what it's worth Nick, I think you're absolutely spot on. The tactics used by the current opposition are disingenuous to the point of outright lying. I for one won't forget what happened under the previous encumbant(s).

Not for a long time.

Oh, and that goes for Bush too.
 

Jeff Young

GT40s Supporter
Al, why do you think you are any different from everyone else who has paid into social security, or unemployment insurance, or whatever, and then draws from it?

That's how these programs work.

So why is it ok for you to pay into these programs and then draw out, and but others it is not?

I'm not preaching. I'm just having a really hard time understanding how someone who benefitted from our social safety net is so adamantly opposed to others benefitting from the same.

What entitlement did I benefit from? As a employee I paid for unemployment benefits jointly with my employer and as an employer for 48 years. Kindly don't preach to me about that BS.
 
Jim why is it that almost every time you quote some type of historic numeric statistic, the current presidential administration is exempt from the equation? lets talk about THIS current presidents numbers for a change.....once again lets review where we are now...unemployment? national debt? our nations credit rating..need I say more? I understand that you and a few (very few) members have your heels dug in deep with this guy, but I would think you guys would have the dignity to put your partisan party line beliefs aside and call this administration for what it is..........But truthfully I doubt that will ever happen..

Let's be fair now... If we remember back to when Obama came into office we were facing a much more dire economic outlook than now. Obama inherited a s-storm of disasterous economics from the outgoing president. Remember, many large american companies were going bankrupt and needing bailouts, the mortgage and RE markets had begun melting down because it turned out that companies like Countrywide were engaged in massively fraudulent lending practices (the toxic debt was bundled and sold around to world to countried like Greece), several large Wall Street firms folded, several large banks folded, AIG (largest insurer in the world on a consolidated basis) was about to fold, etc. There was a very real risk that things would continue downhill and we would all be fighting over scraps of meat in caves before the end of Obama's term. The fact that it all didn't totally melt down should shed some positive light on Obama. Trouble is, the fixes that were implemented were stop gap measure to a large degree and we're still dealing with the effects of it all.

Some tough choices need to be made. Personally, I think it's a matter of a) increased taxing of the ultra-rich, b) better enforcement of the taxes on corporate America, and c) a bump in gov't spending on needed infrastructure projects (no increase on hand outs).
 
I am still waiting for the comments on the 5 polls I published pages ago. My comments on GE and the F35 engine had to do with GE's business model of obtaining government funding. Boehner on the other hand is doing a great job for his constituents, trying to get more employment. I wish he was my Representative in Congress.

Here is the link on the engine and its association with the Harrier:
http://en.wikipedia.org/wiki/Lockheed_Martin_F-35_Lightning_II

The arguments are getting pretty old, and someone is doing a great job of convincing me as an independent that I should actively not support the incumbent president in his re-election bid.
 

Doug S.

The protoplasm may be 72, but the spirit is 32!
Lifetime Supporter
Here is an article that IMHO is the best I have read on the Western economic crisis. It is a right wing publication so those of you who are rabidly left wing will think it is crap. It may have some merit to those among us who are willing to listen to more than one side of a debate.:worried:

Interesting article, Pete. Thanks! Sadly, I agree that the western world, and the U.S. in particular, is in decline and imminent peril of failure...but, IMHO, we've been steering the ship toward the malestrom for a long time, not just with the present "Captain".

Good to hear you chime in on the topics here...you have a very reserved and honest nature about your contributions. Too many here assume that just because the articles they post agree with their opinion, they are the gospel truth and irrefutable. It's refreshing to see someone admit their conservative orientation and at the same time recognize that others might not buy into what the articles state and also have a right to disagree. Cheers for you!!

I admit I have a very hopeful nature, and truly wish that the content of the article you posted would help. Unfortunately, in the U.S.A., what I see is that businesses are holding steady on employment at best, with most attempting to cut their employment costs and at the same time hoarding cash. If employment is TRULY the best way to overcome the "welfare state" (a position with which I agree, but with the caveat that education is the key to increasing employment, thereby reducing the welfare rolls), IMHO we can't rely on businesses to bail us out, at least not right now here in America. The radical-right leaning members here would like to reduce the size of government...but, as I see it, at least the government is attempting to put people back to work rather than holding back on hiring.

Admittedly, the government doesn't have a "bottom line" to protect....or, do they?

Domtoni....I can't imagine that you would have ever given ANY consideration to supporting the current POTUS in his re-election bid, from the tone of your past contributions to these political discussions. As for the polls, I have said in the past and continue to say that you can structure a poll to prove anything you want. I tend to look very carefully at the originators of the poll, more so than at the results, and particularly at this time of such radical polarization in our political culture.

Cheers from Doug!!
 
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Jim Craik

Lifetime Supporter
Domtoni,

A poll that pits Obama against a hypothetical candidate is worthless.

A poll that pits Obama against a candidate that has not gone through the primary process is worthless (remember the other Republican candidates will spend all the money they have attacking the other Repiublicans).

Domtoni, you say that Boehner is doing a "great job". Mr Borhner is responsible for a downgrade in our credit rating and a huge drop in the stock market!

Your idea of a "great job" and the rest of America are somewhat different!
 
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Let's be fair now... If we remember back to when Obama came into office we were facing a much more dire economic outlook than now. Obama inherited a s-storm of disasterous economics from the outgoing president. Remember, many large american companies were going bankrupt and needing bailouts, the mortgage and RE markets had begun melting down because it turned out that companies like Countrywide were engaged in massively fraudulent lending practices (the toxic debt was bundled and sold around to world to countried like Greece), several large Wall Street firms folded, several large banks folded, AIG (largest insurer in the world on a consolidated basis) was about to fold, etc. There was a very real risk that things would continue downhill and we would all be fighting over scraps of meat in caves before the end of Obama's term. The fact that it all didn't totally melt down should shed some positive light on Obama. Trouble is, the fixes that were implemented were stop gap measure to a large degree and we're still dealing with the effects of it all.

Some tough choices need to be made. Personally, I think it's a matter of a) increased taxing of the ultra-rich, b) better enforcement of the taxes on corporate America, and c) a bump in gov't spending on needed infrastructure projects (no increase on hand outs).

OK, Let's be fair. Everyone still forgets that the last two years of Bush's presidency there was a democratic majority in the house and senate. That would take care of the last four and a half years. But as screwed up as things are, they need to blame someone.
 

Jim Craik

Lifetime Supporter
I guess he will show the WH how to established more jobs with government funded programs. And don't forget the bailout GE Capital got from the Federal Government.
Posted by Domtoni.

Domtoni,

So when you said that GE would "show the White House how to establish more jobs" you failed to mention that Obama, the Pendigon and Secratery Gates are all against this PORK BELLY ENGINE THAT BEOHNER AND THE REPUBLICANS ARE PUSHING!

Domtoni, you must have forgotten that this was Republicans wasting our money!
 
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