Obama: Worst President Ever? Topic

jrd_x
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Posted by crackatoeha on 6/18/2012 3:38:00 PM (view original):
Posted by jrd_x on 6/18/2012 3:18:00 PM (view original):
No, I don't. It's 2%. It's essentially just lowering the return on their retirement accounts further. Not great for them, but the overall improvement in the economy is more important.
Sounds a lot like Spock to me..."The needs of the many out weight the needs of the few." Or commonly referred to as communism. Considering I do live check to check, a 2-3% increase to everything I do would be a killer. Gas goes up 10c a gallon, bread goes up 7c a loaf, milk goes to $7 a gallon times three a week(2 teenagers) electric bill goes up 20 bucks a month, etc, etc, etc........no increase in salary for three years plus a cut in OT....tell this story 12 million times and you have obamas answer to economics. Not to mention the 37% loss in property value and obama has pretty much screwed up this country. Not to mention that businesses will have to cover the increased costs of doing business and that 2-3% quickly becomes 4-6%, devastating to anyone just scraping by.
Would you be better off in a slow economy with little to no inflation or a growing economy with slightly more inflation (4 or 5%)?
6/18/2012 4:18 PM
crackatoeha
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In your question, who is the economy growing for?  In my example, there is no hope of any personel growth.  Plus your question is impossible to answer because you are not defining the economy.....The majority of my wealth is in my home as is the case with most middle class USA.  What brings my economy around may not bring your economy around which is certainly different than obamas economy.
6/18/2012 4:49 PM
jrd_x
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1.  If the economy is growing, aren't your chances for a raise/more OT better?
2. If the majority of your wealth is in your home, a growing economy is more likely to increase the value of your home and a little inflation will lessen the burden of any debt you have.
6/18/2012 5:08 PM
crackatoeha
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1) Not necessarily, if the owners have not made or lost any value in their business than they are expected to recoup or invest in the company before giving to any employee.
2) I am still not sure of your definition of a growing economy. As said before, the housing market really depends on security rather than any abstract definition of economy. People will not buy a house if they are not sure what the future brings therefore housing prices will not climb. All that obama and the left have proposed has created a feeling of uncertainty and doom. People have not and will not invest until they know what the deficit is, what the budget is or what obamacare will cost. All negatives he is not capable of correcting.
6/18/2012 5:49 PM
jrd_x
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Really? You make your house buying decision based on federal debt and the budget? I make mine based in how much money I make. I make more money when the economy is doing better (GDP up, unemployment down). As we saw in the early 2000's, gov debt doesn't really matter if there is growth.
6/18/2012 6:01 PM
crackatoeha
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Well, I see you have finally made an attempt at defining the economy. Am I to assume that you feel the GDP is up and unemployment is down right now? If so, than you would be painfully wrong. And forgive me for thinking you had a grasp of the big picture when I mentioned the deficit et el. They would be a microcosm of how what I believe the economy would be. We are looking at a $20 trillion deficit if obama is re elected and a true unemployment of over 20%. Not good harboring for the real estate market not to mention 3 million more people added to SSDI with bogus mental issues. Plus he just signed another executive order to try and do an end around for amnesty. What do you think that will do to the unemployment number? All in all if he gets his way we will never recover. And as for me making a decision based on what I make? Doesn’t that go without saying? To bring that up without ever answering my question as to what your def. of the economy is tells me where this conversation is going......
6/18/2012 7:20 PM
crackatoeha
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And........If you don't know what you will keep out of what you make how can you make a decision on how much house to buy?  I tried to explain this in a previous post but I don't know, maybe I am too far over your head. 

6/18/2012 7:26 PM
jrd_x
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He shouldn't have done the end around, but the dream act should be passed by congress.  Only partisan bickering has blocked a bill that makes sense and has support from both major parties.
6/18/2012 7:28 PM
OSU_Buckeye
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Posted by crackatoeha on 6/18/2012 7:26:00 PM (view original):

And........If you don't know what you will keep out of what you make how can you make a decision on how much house to buy?  I tried to explain this in a previous post but I don't know, maybe I am too far over your head. 

I thought we ALL concluded that, a rock has a better chance of understanding the economy than jrd_x.
6/18/2012 7:31 PM
jrd_x
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"Am I to assume that you feel the GDP is up and unemployment is down right now? If so, than you would be painfully wrong."

Technically, the economy is getting better by those measures.  It needs to get better faster, which is why I'm arguing for a slightly higher inflation target.
6/18/2012 7:38 PM
crackatoeha
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Man, look at your posts, then look at mine.  Are you like 13 or something.  You never answer a question and always put forth some bullsh_t one line statement.  Like all lefties, the less you say the less you can be called out on.  Or in other words for you mental giants...."better to be thought a fool than open your mouth and prove it!"
6/18/2012 8:03 PM
jrd_x
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Yes, your posts are all so well thought out and articulated clearly.
6/18/2012 8:25 PM
crackatoeha
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That's the first smart thing you have said in about 126 pages of posts.............and thank you.
6/18/2012 9:02 PM
MikeT23
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Posted by jrd_x on 6/18/2012 3:18:00 PM (view original):
No, I don't. It's 2%. It's essentially just lowering the return on their retirement accounts further. Not great for them, but the overall improvement in the economy is more important.
Don't you think this answer goes back to my assertion that you have a limited social circle that consists on people who have roughly the same wealth/disposable income?

Isn't it safe to assume that you've never lived paycheck to paycheck?

Therefore you don't understand that some folks go to beans/rice on Wed/Thur just to get to Friday?

Or that, maybe, they skip lunch a couple of days a week because they're not getting paid until Friday?
6/19/2012 9:29 AM
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