American Politics during the Obama Presidency

The signs are all there: all their candidates for the Virginia governorship that they've held for 8 years are behind the Republican nominee by a substantial margin. The same thing is true in New Jersey, with the incumbent Democrat governor far behind his GOP challenger. The New York Congressional seat by election was barely held by the Democrats in a district that went for Obama by 20 points in November.

And add to this the unpopularity of the Democratic legislative program - we have the makings of a massive Democrat loss in next year's elections.

Better act fast Democrats, before you return to minority status. See if you can seize control of the health care system to go with government control of the banking and auto industries. Just so long as you don't nationalize Domino's Pizza, my food supply will be safe. Otherwise some Washington bureaucrat would be telling me I am only allowed to eat alfalfa sprouts and bean curd salad.

[url]http://news.bbc.co.uk/2/hi/americas/8030727.stm[/url]

Any thoughts?

Regards,

BM.

[QUOTE=Hunt99]The signs are all there...blah blah blah[/QUOTE]Yeah, the signs are all there that guys like you are still delusional. At every step of the way during the primary and election season you sprouted the same crap. And what happened? You got slam dunked big time! LOL!

Let me 'splain it to you, Lucy...at some point the Republican Party will certainly come around. But that day is so freaking far off that all we really need to worry about is one of you assholes getting so desperate as to...well, never mind.

Keep dreaming, Hunt.

SL

[QUOTE=BadMan][url]http://news.bbc.co.uk/2/hi/americas/8030727.stm[/url]

Any thoughts?

Regards,

BM.[/QUOTE]It's self serving. He runs insurance companies. His second biggest portfolio holding is Wells Fargo. He has a big stake in Goldman Sachs. When the U. S. Government bails out financial companies, Warren Buffet benefits.

The following evaluation is probably correct.

1) Warren Buffet probably is not the smartest guy inthe world but he is also not the stupidest.

2) Warren Buffet is sucking up to Obama just like Halliburton sucked up to Bush. Nothing wrong with that.

However, what Warren Buffet also said in his recent evaluation of the American or world economy is frightening.

Warren Buffet said significant inflation, under present policies, is inevitable. He also said that his good buddy Obama seemed incapable of taking measures to ward off that inflation.

If we end up with significant inflation (nobody knows what significant is) we may look back at Obama's economic cure as being worse than the underlying disease.

Inflation can be wrung out of an economy (inflation was wrung out of the United States economy in the early 1980's) but it requires draconian measures and strong leadership.

We now have negative economic growth and low inflation. My prediction is that we are headed for negative or flat economic growth with worrisome inflation.

P.S. inflation is being fueled, in part, by all the pork in the latest economic stimulus package

The condition you describe is called "Stagflation", a condition of low or no growth and high inflation. For our radical O fans check out Jimmy Carter's term as president. I had to try and earn a living through it and what it took to get us out under Regan. It was not pretty.

[QUOTE=Doppelganger]The condition you describe is called "Stagflation", a condition of low or no growth and high inflation. For our radical O fans check out Jimmy Carter's term as president. I had to try and earn a living through it and what it took to get us out under Regan. It was not pretty.[/QUOTE]It started with Lyndon Johnson's "Gun's & Butter" policy durning Veitnam, Nixon even tried wage & price controls in 1971 to stop it. By the time Ford took office inflation was rampart and fed chairman Volker created a recession to stop it by raising interest rate's. Then the stagflation of Carter. The money was still in the economy but the recession was still there created by Volker.

Reagan however deregulated everything creating Lazyfair capitalism, creating Republican Theives I like to call them. The CockSuckers. It worked for quite a while untill the mortgage crisis started to unwind eveything, which has led to the economic crisis we're all in to day.

Exon Knows.

Exon

[QUOTE=Exon123]Reagan however deregulated everything creating Lazyfair capitalism, creating Republican Theives I like to call them. The CockSuckers. It worked for quite a while untill the mortgage crisis started to unwind eveything, which has led to the economic crisis we're all in to day.

Exon Knows.

Exon[/QUOTE]Lazyfair capitalism? Republicans are thieves and CockSuckers? But Democrat politicians aren't? About the mortgage crisis, there's plenty of blame to go around, and Democrat politicians like Barney Frank and Maxine Waters were up to their necks in it, just as were many Republicans. And as were stupid bankers and stupid homeowners and stupid investors who thought buying a $500,000 house with a $50,000/year salary made sense.

Reagan is a good part of the reason why the U. S. has had a dynamic, growing economy over the last 30 years while places like continental western Europe have stagnated. You're right though, that government was lax in regulating commercial and investment banks and GSE's. It should have never allowed them to become as leveraged as they did.

[QUOTE=Tiny12]Lazyfair capitalism? Republicans are thieves and CockSuckers? But Democrat politicians aren't? About the mortgage crisis, there's plenty of blame to go around, and Democrat politicians like Barney Frank and Maxine Waters were up to their necks in it, just as were many Republicans. And as were stupid bankers and stupid homeowners and stupid investors who thought buying a $500,000 house with a $50,000/ year salary made sense.

Reagan is a good part of the reason why the U. S. Has had a dynamic, growing economy over the last 30 years while places like continental western Europe have stagnated. You're right though, that government was lax in regulating commercial and investment banks and GSE's. It should have never allowed them to become as leveraged as they did.[/QUOTE]Trust me I'm privy to people and information your not. These things don't just happen over night it take years for policy's and economic systems to work threw the economy.

Reagan set it up with deregulation and the "trickel down" economics. By the end of his 8 years everything looked hunkie dorry Carter looked like a Fuck. Reagan was the hero and it worked for 20 years. Now your seeing it unwind and everyone is deleveraging. Putting the entire world in recession.

Reagans people stole everything that wasn't nailed down.

Exon

Going to have to argue with you there Exxon. The Dems laid the foundations for the mortgage crisis back in the early 90's when they forced lenders to lower lending standards "so eveyone could enjoy home ownership". The Dems also over saw the crash via good old Barney Frank and Criss (I got my loan) Dodd. Don't get me wrong there were plenty of scalawags who rode this horse till it died, but the Dems saddled him up for them.

[QUOTE=Doppelganger]Going to have to argue with you there Exxon. The Dems laid the foundations for the mortgage crisis back in the early 90's when they forced lenders to lower lending standards "so eveyone could enjoy home ownership". The Dems also over saw the crash via good old Barney Frank and Criss (I got my loan) Dodd. Don't get me wrong there were plenty of scalawags who rode this horse till it died, but the Dems saddled him up for them.[/QUOTE]Did you notice it all kind of started after Jimmy Swaggart got busted with that Hooker in Louisiana in 1988?

He should have gone to Argentina. Not really a point here, I just thought Jimmy was a little goofy and I loved it when he got busted.

[QUOTE=QuakHunter]Did you notice it all kind of started after Jimmy Swaggart got busted with that Hooker in Louisiana in 1988?

He should have gone to Argentina. Not really a point here, I just thought Jimmy was a little goofy and I loved it when he got busted.[/QUOTE]Actually your pretty close to being right on target. And Swarggart & Jimmy Barker are two of the best examples of "Kamra" I've ever seen. You will reep the seeds you so, or what goes around comes around. Republican motherfuckers I might add. Rightious cocksuckers.

Prove's, like Hittler, the bigger the lie the more people want to believe in it. I. E. Ronald Reagan.

But It really started the year before in 1987, the last year of Reagans presidency. When Exon's handy work, accidendtly unkownly, triggered the 87 stock market crash. But this time I had nothing to do with it. But it was Reagans policy's and his line of thinking thats brought to where we are today.

If I'm lucky and Eric Holder goes his job, "Cain" he's called in some circles. You'll all here some startliing news comeing out of Salt Lake city, That will be the end result of the 87 crash and people Fucking with Exon. A project I've been working on for 22 years. Which is culimating now, which I've been working night and day for a month on, getting only 3 or 4 hours sleep a night.

Exon Knows.

Exon

Foot note: El Alamo post a few just down beneath me is exactly what will happen

[QUOTE=Hunt99]The signs are all there: all their candidates for the Virginia governorship that they've held for 8 years are behind the Republican nominee by a substantial margin. The same thing is true in New Jersey, with the incumbent Democrat governor far behind his GOP challenger. The New York Congressional seat by election was barely held by the Democrats in a district that went for Obama by 20 points in November.

And add to this the unpopularity of the Democratic legislative program - we have the makings of a massive Democrat loss in next year's elections.

Better act fast Democrats, before you return to minority status. See if you can seize control of the health care system to go with government control of the banking and auto industries. Just so long as you don't nationalize Domino's Pizza, my food supply will be safe. Otherwise some Washington bureaucrat would be telling me I am only allowed to eat alfalfa sprouts and bean curd salad.[/QUOTE]Although I think Obama has made the situation worse by a factor of 5 I have not seen the Republicans put forth an alternative. They have just pointed out the obivious. What amazes me is how the Obama administration has totally socialized so many institutions like the auto industry. Telling the secured bond holders they are going to take 10% and like it while giving 53% to the unions who paid nothing. When I was a mere lad and the unions were going on strike against a profitable industry who had no competition our wonderful federal goverment intervened and brokered the deal that we have today. It screwed both the workers with a plan that was not sustainable and the company who was not given a choice. Better for them to have fought it out. The workers would not have gotten as much but neither would have the company bleed themselves to death. I remember an elder telling me that this would be the ruin of the industry and they would be bankrupt in 40 years. This man has passed on. But he was right. The Obama administration has yoked us with a burden so great that we will not get out from underneath it for 25 years. On the other hand the economy starting with Clinton has been built on cheap money without the ability to pay so Obama was right when he stated that the growth was illusionary. He is right. What he is doing now is illusionary too.

[QUOTE=Snowbird]Although I think Obama has made the situation worse by a factor of 5 I have not seen the Republicans put forth an alternative. They have just pointed out the obivious. What amazes me is how the Obama administration has totally socialized so many institutions like the auto industry. Telling the secured bond holders they are going to take 10% and like it while giving 53% to the unions who paid nothing. When I was a mere lad and the unions were going on strike against a profitable industry who had no competition our wonderful federal goverment intervened and brokered the deal that we have today. It screwed both the workers with a plan that was not sustainable and the company who was not given a choice. Better for them to have fought it out. The workers would not have gotten as much but neither would have the company bleed themselves to death. I remember an elder telling me that this would be the ruin of the industry and they would be bankrupt in 40 years. This man has passed on. But he was right. The Obama administration has yoked us with a burden so great that we will not get out from underneath it for 25 years. On the other hand the economy starting with Clinton has been built on cheap money without the ability to pay so Obama was right when he stated that the growth was illusionary. He is right. What he is doing now is illusionary too.[/QUOTE]Where were you when told everyone to line up because they were going to hand out "Brains"

Exon