Not a good day for economic news...

[d-ray657]

Taxes should not go up yet for the middle class, but we can expect Congress to play brinksmanship again with the Bush Tax cuts, making sure that their precious "job creators" don't pay an extra 4%.

Regards,

D-Ray

[bobabode]

Originally Posted by whell

LOL. You and I will never agree on much of anything, except maybe music

Bam! There you go again! So where you been in the music thread?

[finnbow]

Originally Posted by whell

Which policies are those? Tax cut and spend? Pretty much been Barry's agenda, too, far as I can tell. He left the tax increase for after his first term is done, and his timing with that couldn't be worse.

This pretty much explains my skepticism regarding the tenets of your argument.

As grim as the Obama era has been, Americans still have a distinctly negative reading on what the last period of Republican economic stewardship delivered: rising health care costs, wage stagnation, a real estate bubble and then of course the financial crash itself.

Against this backdrop, it may not be quite enough for Mitt Romney to explain how the incumbent has failed. He needs to explain why, so soon after the Bush era, the country should trust his party to put things right again.

As it happens, two new books by right-of-center thinkers offer interesting — and very different — answers to that question. The first is “Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong,” by Edward Conard, a former managing director at (ahem) Bain Capital, who was profiled in The New York Times Magazine a month ago... He defends the growth of the financial sector and the bubble-era behavior of the major banks. And he argues that the crisis itself was less a comprehensive meltdown than a simple panic that tells us very little about the underlying soundness of the economic order.

http://www.nytimes.com/2012/06/03/op...-recovery.html

As unsatisfying as Obama's administration may be, the GOP's current Teabagger (and Bain Capital apparently) worldview is far worse. Unfortunately, Romney has been forced to bow to this worldview.

[Dondilion]

Originally Posted by HatchetJack

It's gonna have to get worse, much worse before we can ever prosper again.
I don't see why you all want to argue about which party is best. Neither can
pull us out of this shit hole and both are to blame for selling us out.
A dopehead left a blank check book to a draft dodger and we keep electing
people that have been to school for years to learn to steal?
Democrats can't tax if the republicans can not make money. And China has
made out like bandits while we stand there and do nothing to stop the
blood shed?

The situation has also changed for American capilatists. The days when they were totally dominant are over. Just look at what little South Korea has achieved globally. No, I do not believe US folks are sitting on their hands, there is too much competition chomping at the bit....just ready to fill any void.

[bobabode]

Originally Posted by HatchetJack

It's gonna have to get worse, much worse before we can ever prosper again.
I don't see why you all want to argue about which party is best. Neither can
pull us out of this shit hole and both are to blame for selling us out.
A dopehead left a blank check book to a draft dodger and we keep electing
people that have been to school for years to learn to steal?Democrats can't tax if the republicans can not make money. And China has
made out like bandits while we stand there and do nothing to stop the
blood shed?

Hey Jack! Nice turn of a phrase! Bring Sandy back with you next time! Ya coot..

[budgetaudio6]

when will ya libs learn! A bleeding heart will not cure any ills. Only personal will to work for ones own family.

Ok jibbing aside. Heck even my heart bleeds. But i dont want the govmint to take care of it. There are charities that one can rely on. Just not the govmint.

Just imagine. Govmint should be there to assure things flow freely in the market. NOT Dismember it.

intently said to look at obamas take on the energy market. Critcal laws passed to stifle it. In essence so that energy prices will necessrily skyrocket. He is cutting off cheap energy, in favor of the fervor of global warming, which i must say has been happening since the last ice age...wouldnt you think?

[bobabode]

Nope..

[d-ray657]

Originally Posted by budgetaudio6

when will ya libs learn! A bleeding heart will not cure any ills. Only personal will to work for ones own family.

Ok jibbing aside. Heck even my heart bleeds. But i dont want the govmint to take care of it. There are charities that one can rely on. Just not the govmint.

Just imagine. Govmint should be there to assure things flow freely in the market. NOT Dismember it.

intently said to look at obamas take on the energy market. Critcal laws passed to stifle it. In essence so that energy prices will necessrily skyrocket. He is cutting off cheap energy, in favor of the fervor of global warming, which i must say has been happening since the last ice age...wouldnt you think?

That would make one of us.

Regards,

D-Ray

[whell]

Originally Posted by finnbow

This pretty much explains my skepticism regarding the tenets of your argument.

As grim as the Obama era has been, Americans still have a distinctly negative reading on what the last period of Republican economic stewardship delivered: rising health care costs, wage stagnation, a real estate bubble and then of course the financial crash itself.

Against this backdrop, it may not be quite enough for Mitt Romney to explain how the incumbent has failed. He needs to explain why, so soon after the Bush era, the country should trust his party to put things right again.

As it happens, two new books by right-of-center thinkers offer interesting — and very different — answers to that question. The first is “Unintended Consequences: Why Everything You’ve Been Told About the Economy Is Wrong,” by Edward Conard, a former managing director at (ahem) Bain Capital, who was profiled in The New York Times Magazine a month ago... He defends the growth of the financial sector and the bubble-era behavior of the major banks. And he argues that the crisis itself was less a comprehensive meltdown than a simple panic that tells us very little about the underlying soundness of the economic order.

http://www.nytimes.com/2012/06/03/op...-recovery.html

As unsatisfying as Obama's administration may be, the GOP's current Teabagger (and Bain Capital apparently) worldview is far worse. Unfortunately, Romney has been forced to bow to this worldview.

I love how some editorial writers post their own views by starting that their views are "what most Americans think"....

[bobabode]

Originally Posted by whell

I love how some editorial writers post their own views by starting that their views are "what most Americans think"....

or what most 'real' Americans think!I gotta give a little cred to the NY Times. At least they say it's an op ed piece.