Obama's Records Are Terrible - Politics (2) - Nairaland
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| Re: Obama's Records Are Terrible by VoodooDoll(m): 6:14pm On Dec 11, 2011 |
OBAMA 2012  |
| Re: Obama's Records Are Terrible by texazzpete(m): 6:16pm On Dec 11, 2011 |
manny4life: I concluded the guy was a jester after he started blaming Obama for the S&P downgrade. |
| Re: Obama's Records Are Terrible by coolscott(m): 6:19pm On Dec 11, 2011 |
Let me venture to say that this thread is filled with posters ranging from the pathetically ignorant, averagely informed, to the very well informed, the most informed of which is Afro_blue!!! I give it up to you, brother |
| Re: Obama's Records Are Terrible by coolscott(m): 6:26pm On Dec 11, 2011 |
@texazzpet Pick up ur glasses and read the posts again. I didn't even as much as mention the S&P (although all happening now is happening under Hussein Obama's watch) |
| Re: Obama's Records Are Terrible by VoodooDoll(m): 6:31pm On Dec 11, 2011 |
So you think: Romney, Gingrich, Perry, Bachmann, Paul or Santorum could do a better job? (Reasonable answers please) Obama has faced fierce resistance (often times insults from people who should know better) from before he was even elected, yet he has managed to get the US economy growing again and is winding down two wars. |
| Re: Obama's Records Are Terrible by coolscott(m): 12:53am On Dec 12, 2011 |
I wonder where you got the idea the U.S economy is growing. Guess which is the greatest debtor nation on earth. Yes, that's right! The U.S |
| Re: Obama's Records Are Terrible by VoodooDoll(m): 1:08am On Dec 12, 2011 |
The US largely owes itself, US debt is $14trn of which $9.8trn is owed to Americans (ie US owes itself). - http://globalpublicsquare.blogs.cnn.com/2011/07/21/who-owns-america-hint-its-not-china/ Also the US economy is growing at 3% per annum - http://www.bloomberg.com/news/2011-11-18/economy-growing-at-fastest-pace-of-11-in-fourth-quarter-in-u-s-forecasts.html So your GOP rubbish talking points are quite weak and not backed by evidence. You need to stop watching Fox News (and similar outlets packed with lies). So answer my question: which GOP candidate do you support? |
| Re: Obama's Records Are Terrible by coolscott(m): 2:07am On Dec 12, 2011 |
Say, vodoodoll Are you male or female? What kind of name is vodoodoll? |
| Re: Obama's Records Are Terrible by coolscott(m): 2:23am On Dec 12, 2011 |
I think you like me, v-doll, but your name is spooky |
| Re: Obama's Records Are Terrible by koruji(m): 2:49am On Dec 12, 2011 |
Since you started a campaign grossly half-educated about what you are talking about, here is your education. Note from the below chart: 1. The robust economy Clinton handed Bush in 2000 2. Note the performance of Bush in his first 2 years - the economy actually went into negative territory, twice 3. The jobless growth under Bush began in 2003 after he gave tax cuts that went mostly to the rich, which eventually ended up in China's treasury ($1.3 trillion worth). Add to that two multi-trillion dollar wars, and you know why Bush drove the economy into a near-death comma. 4. Once China exhausted its capacity to hold US bonds without incurring incredible risks (and everyone around the world, not just Americans, maxed out their credit) the fake, non-production, growth crashed. 5. Note that the lowest point of the economy was right about when Bush handed over to Obama - the guy actually sat in the WH for 2 years as the economy tanked - taking action only when it became apparent that the worlds greatest economy was going to crash within hours if nothing was done. 6. Right away, Obama went about implementing emergency measures, while his opponents openly prayed that "he would not succeed" (think Rush Limbaugh the cocaine sniffing tout - I heard this with my own ears). Note how the trend of economic performance started its upward march the 2nd quarter after his inauguration - despite the prayers of the failure-warriors. 7. By January 2010, the economy had gone from almost -5% quarterly growth in late 2008/early 2009 to about +5% growth by January 2010. [size=14pt]If you don't know what that means that is a +10% growth rate turn-around within one-year of getting into office. He faced the greatest depression since the 1930s and not only prevented it from becoming "the Armageddon Depression", but lead it back into positive growth within a year. 8. And yes, the economy has had positive growth since then - and it will stay on a growing path if the "failure-warriors" agree to extend the current payroll tax cut without delay.[/size] 9. The US economy would have faired much better but for the arrogant attitude of Europe (particularly, Germany), who were supposed to be US allies. They were going piecemeal, country-by- country, until now - when it seemed their entire EU-27 was about to become 27 different countries. 10. I hope China understands that we all live in a single global village now. No amount of going around the world to hoard oil and other resources will save their economy when they have no markets to sell their exports. I hope you learn a thing or two from this information and stop working against your own interests. coolscott:
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| Re: Obama's Records Are Terrible by AfroBlue(m): 3:21am On Dec 12, 2011 |
Over 46 Million Americans On Foodstamps For The First Time Ever Source: Zero Hedge While the capital markets may be cheering that in the past month 120,000 people supposedly found jobs, even if these were largely temporary or part-time just in time for the year end shopping sprees, we wonder how they will react when learning that according to the latest update from the Supplemental Nutrition Assistance Program (SNAP), some 423,000 Americans found their way to minimum way subsistence, courtesy of Food Stamp handouts from Uncle Sam. Since the start of the Second Great Depression, food stamp participation has increased by 18.7 million, and is now at an all time higher 46.3 million. [color=#990000]All Bush's fault, or something. At least the chart below appears to be plateauing, Actually, sorry, no isn't.[/color]  |
| Re: Obama's Records Are Terrible by manny4life(m): 3:39am On Dec 12, 2011 |
^^^^ Your graph is supposed to prove what exactly?   Food stamp is a social welfare program NOT though sponsored by the Federal Govt but what is that supposed to prove? How about you talk about other social welfare programs sponsored by the FG as well to prove your point. coolscott: If you don't know where the U.S. is growing, how about you contact the the U.S. Bureau of Labor Statistic (for Unemployment), and the U.S. Dept of Commerce Bureau of Economic Analysis, and finally the Federal Reserve Bank. U.S. is the largest debtor no doubt, so? Congress is moving swiftly through the Debt Reduction Act to stop the debt from accumulating and rather decreasing over the next decade. Ask how much you past GOP president utilized to fund wars as well as cause chaos within the system. |
| Re: Obama's Records Are Terrible by koruji(m): 3:49am On Dec 12, 2011 |
The patient has been brought out of comma, the blood loss has stopped - but this patient is still anemic. However, that chart is actually plateauing if someone is not reading it blindfolded. You should also note the trick on the chart of starting the left axis at the 26 million mark, thus exaggerating the most recent numbers. The real behavior since 2009 is shown below, and the recent spikes were due to the multiple billion-dollar disasters in the US in recent years: "The spike in May 2011 was due to a surge in Alabama after an historic onslaught of giant tornadoes devastated the state. According to the USDA’s report, about 1 million disaster victims from several states were added to the rolls." Of course the food-stamp rolls are increasing - again where is the duck to lay new eggs? Nobody is trying to tell you the American economy is currently doing great, but you cannot behave as if starting from an economy that mirrored the "Great Depression" is the same as one growing at good clip plus government surpluses. It is the same attitude that pushed the economy to the brink. Afro_Blue:
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| Re: Obama's Records Are Terrible by AfroBlue(m): 6:22am On Dec 12, 2011 |
manny4life: |
| Re: Obama's Records Are Terrible by AfroBlue(m): 6:44am On Dec 12, 2011 |
The Black Nobility: The Very Early History Through Time http://vaticproject..com/2011/11/black-nobility-very-early-history.html " The Club of Rome is a conspiratorial umbrella organization, a marriage between Anglo-American financiers and the old Black Nobility families of Europe, particularly the so-called "nobility" of London, Venice and Genoa. The key to the successful control of the world is their ability to create and manage savage economic recessions and eventual depressions. The Committee of 300 looks to social convulsions on a global scale, followed by depressions, as a softening-up technique for bigger things to come, as its principal method of creating masses of people all over the world who will become its "welfare" recipients of the future." |
| Re: Obama's Records Are Terrible by dayokanu(m): 6:51am On Dec 12, 2011 |
Lol |
| Re: Obama's Records Are Terrible by texazzpete(m): 7:18am On Dec 12, 2011 |
Afro_Blue: The only thing i can glean from your bar chart is that the slope is much less steep these days. Hint: That's an improvement  |
| Re: Obama's Records Are Terrible by egift(m): 9:17pm On Dec 12, 2011 |
Republican is the party of NO  |
| Re: Obama's Records Are Terrible by AfroBlue(m): 10:50pm On Dec 12, 2011 |
[b]Americans' Net Worth Plummets as Corporations Stockpile Cash By Derek Kravitz and Dave Carpenter December 10, 2011 "Associated Press" -- WASHINGTON -- Americans' wealth last summer suffered its biggest quarterly loss in more than two years as stocks, pension funds and home values lost value. At the same time, corporations raised their cash stockpiles to record levels. Household net worth fell 4 percent to $57.4 trillion in the July-September quarter, according to a Federal Reserve report released Thursday. It was the sharpest drop since the tumultuous period after the September 2008 bankruptcy of investment bank Lehman Brothers. And it was the second straight quarterly fall. Household wealth, or net worth, is the value of assets like homes, bank accounts and stocks, minus debts like mortgages and credit cards. Lower net worth can hurt the economy. When people feel poorer, they spend less. That slows growth. Businesses typically then cut back on hiring and expansion. Stock market declines, in particular, have held back Americans' quest to recover losses from the 2008 financial meltdown. The Standard & Poor's 500 stock index tumbled about 14 percent in the July-September period, ending a streak of four quarterly increases. The decline was driven by worries about Europe's debt crisis and the U.S. economy. Stocks have rebounded about 9 percent since last quarter ended. But the S&P index is still about 21 percent below its peak of four years ago. "Going forward, you're going to see these ups and downs; the era of volatility is back," said Gregory Daco, principal U.S. economist at IHS Global Insight. "There's greater uncertainty among consumers." The value of Americans' stock portfolios fell 5.2 percent last quarter. T. Rowe Price Associates estimates that two-thirds of that decline has been recouped in the October-December period. Much of that comes from continuing contributions to retirement accounts. Home prices remain under pressure, diminishing home equity. Home equity is the biggest source of wealth for most Americans. Last quarter, home values slipped 0.6 percent. Total values fell to $16.1 trillion, down from nearly $21 trillion in 2007, before the recession began. The average balance in 401(k) plans managed by Fidelity Investments, the largest workplace savings plan provider, dropped nearly 12 percent in the July-September period. Roughly half of U.S. households own stocks or stock mutual funds. Stock portfolios make up about 15 percent of Americans' wealth. At the same time, corporations are amassing record cash stockpiles -- $2.1 trillion at the end of September. Their reluctance to spend more of that money helps explain why job growth remains modest. The unemployment rate fell to 8.6 percent in November, but it's hovered near 9 percent for more than two years.[/b] |
| Re: Obama's Records Are Terrible by danjohn: 11:49pm On Dec 12, 2011 |
Here is why an Obama supporter is not disapointed with Barack Obama: [flash=460,344] https://www.youtube.com/watch?v=cJLvtVIk3R8[/flash] |
| Re: Obama's Records Are Terrible by coolscott(m): 2:12am On Dec 13, 2011 |
Dear koruji, It is surprising you cannot see the difference between your chart and Afro_blue's chart. Your chart shows the MONTHLY ADDITIONS only. His chart shows the MONTHLY TOTALS Now your chart shows that for EVERY MONTH, there is an ADDITION. Doesn't that indicate to you that that means in the full (MONTHLY TOTALS) picture, EVERY subsequent month will have a HIGHER bar value than the previous month? |
| Re: Obama's Records Are Terrible by coolscott(m): 2:14am On Dec 13, 2011 |
koruji: Dear koruji, It is surprising you cannot see the difference between your chart and Afro_blue's chart. Your chart shows the MONTHLY ADDITIONS only. His chart shows the MONTHLY TOTALS Now your chart shows that for EVERY MONTH, there is an ADDITION. Doesn't that indicate to you that that means in the full (MONTHLY TOTALS) picture, EVERY subsequent month will have a HIGHER bar value than the previous month? |
| Re: Obama's Records Are Terrible by AfroBlue(m): 2:24am On Dec 13, 2011 |
For 9ja readers, long article but very insightful. Why Isn't Wall Street in Jail? Financial crooks brought down the world's economy — but the feds are doing more to protect them than to prosecute them Read more: http://www.rollingstone.com/politics/news/why-isnt-wall-street-in-jail-20110216#ixzz1gNDKBsw6  |
| Re: Obama's Records Are Terrible by AfroBlue(m): 3:23pm On Dec 29, 2011 |
The borrower is slave to the lender(banks). When you are in debt to another, you enter into a slave/master relationship with your creditor. (Proverbs 22:7) Obama to ask for debt limit hike: Treasury official [img]http://s1.reutersmedia.net/resources/r/?m=02&d=20111227&t=2&i=551600884&w=460&fh=&fw=&ll=&pl=&r=BTRE7BQ16SV00[/img] WASHINGTON | Tue Dec 27, 2011 11:33am EST (Reuters) - The White House plans to ask Congress by the end of the week for an increase in the government's debt ceiling to allow the United States to pay its bills on time, according to a senior Treasury Department official on Tuesday. The approval is expected to go through without a challenge, given that Congress is in recess until later in January and the request is in line with an agreement to keep the U.S. government funded into 2013. The debt is projected to fall within $100 billion of the current cap by December 30, when the United States has $82 billion in interest on its debt and payments such as Social Security coming due. President Barack Obama is expected to ask for authority to increase the borrowing limit by $1.2 trillion, part of the spending authority that was negotiated between Congress and the White House this summer. Under the agreement struck in August during the showdown over the government's debt limit, the cap is automatically raised unless Congress votes to block the debt-ceiling extension. Lawmakers have 15 days within receiving the request to vote, which is largely symbolic because the president can veto it and Congress would be unlikely to muster the two-thirds majority to override it. Moreover, the U.S. House of Representatives also is in recess until January 17. The deal called for raising the debt ceiling by $2.1 trillion to serve the nation's borrowing needs into 2013 and also included mandatory cuts to the federal budget deficit. Since then, the extension has been increased twice by a total of $900 billion. The debt limit currently stands at $15.194 trillion and would increase to $16.394 trillion with the request. (Reporting By Margaret Chadbourn; Editing by Chizu Nomiyama) POLITICS |
| Re: Obama's Records Are Terrible by Akwasi(m): 3:46pm On Dec 29, 2011 |
When I hear this argument, I can't help but laugh. You could have said this if Bush had at least stabilized the economy by the time that he left office. When Clinton left office, America had wealth which was the greatest they have had in their history. Bush spent it and got the United States in a debt of $10 trillion. That was not all that he left the country, Bush also left the country with so much bills to be paid because of the useless war that he embarked on in Iraq (can excuse Afghanistan). Bush spent like there was no tomorrow. The irony of the issue is that his party, the Republicans, have turned around accusing Obama of not performing magic. This is so sicking! |
| Re: Obama's Records Are Terrible by MyloXyloto: 4:14pm On Dec 29, 2011 |
@ OP. There are more foolish people with access to the internet on Nairaland than anywhere else and you are clearly their leader. I rest my case. |
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