Observations

There is much ado about the Democrats response to the question, “Are we better off than we were four years ago?” It’s a dilemma for the Dems because if they say we are better off, then they seem oblivious to economic realities. If they admit we are not then they run the risk of being held responsible, which of course they should be.

Personally I expect them to do what they have been doing for the last four years, which is to just ignore the economy and try to distract voters with other issues like contraception and Mitt’s taxes. We’ll see how far this gets them this time.

 

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7 Responses to Observations

  1. James Bradshaw says:

    When George Bush left office, the value of my 401K was about half of what it is now. The market has improved a great deal since then, obviously. Unemployment is still too high, but not as high as it was. Hiring in some sectors has increased.

    Now, I have concerns about Obamacare, but how different was Romneycare, exactly?

    The only things Paul Ryan and Romney are interested in doing is decreasing the tax rate on the .5% who will, I assure you, not “make more jobs” but will simply either hoard it in offshore accounts (much like Romney has done) or spend it on another yacht or a second home in the Hamptons.

  2. jackhudson says:

    When George Bush left office, the value of my 401K was about half of what it is now. The market has improved a great deal since then, obviously. Unemployment is still too high, but not as high as it was. Hiring in some sectors has increased.

    The markets are just starting to catch up to where they were in early 2008, and obviously they are higher the market low of March of 2009 which was about half of what it is now. Unemployment is significantly higher than it ever was during most of the Bush years, and it is now only offset by the fact many people have dropped out of the workforce all together. This one of the longest ‘recoveries’ from a recession in history – and we haven’t even come close to recovering yet.

    Now, I have concerns about Obamacare, but how different was Romneycare, exactly?

    This is a red herring of course, and don’t like Romneycare either, but it would be a lot easier to leave Massachusetts (or change its laws) than to leave the whole country.

    The only things Paul Ryan and Romney are interested in doing is decreasing the tax rate on the .5% who will, I assure you, not “make more jobs” but will simply either hoard it in offshore accounts (much like Romney has done) or spend it on another yacht or a second home in the Hamptons.

    Wow, you actually totally buy the party commercials don’t you? I have to admit that is a bit disappointing since past posts indicate some thoughtfulness.

  3. Justin says:

    Apparently, the Democrats will be pushing Abortion Rights and Homosexual Marriage at their convention.
    Sodom and Gomorrah 2012!!! Can’t wait to get my bumper sticker.

    The only things Paul Ryan and Romney are interested in doing is decreasing the tax rate on the .5% who will, I assure you, not “make more jobs”

    They hire plenty of people (pretty much everyone who is not a government employee). Much more than the bottom 50% do.

  4. James Bradshaw says:

    Justin writes: “Sodom and Gomorrah 2012!!!”

    Actually, the men of Sodom were primarily rapists, but according to Ezekiel 16:49 “[T]his was the sin of your sister Sodom: She and her daughters were arrogant, overfed and unconcerned; they did not help the poor and needy.”

    You don’t hear John Hagee screaming that passage from the pulpit, though, do you?

  5. James Bradshaw says:

    “This one of the longest ‘recoveries’ from a recession in history – and we haven’t even come close to recovering yet.”

    Frankly, the economy is over-politicized as neither party is fully responsible for its success or failure as a whole. The economy would most likely be pretty much the same were McCain in office.

    The housing bubble is probably one of the largest contributors to the recession, and that happened without much help from the government at all.

    The run-up in prices (which are still way too high in many areas, btw) occurred within areas not impacted by the Community Reinvestment Act. It’s not just Detroit: it’s Vegas, LA, Chicago, San Fran and in suburban areas.

    Consumers were spurred on by otherwise reputable banks who were encouraging interest-only and adjustable rate mortages, believing that double-digit annual increases in value would continue indefinitely. Less reputable banks jumped on the bandwagon and granted loans to people without proof of income or assets. None of this was “mandated”. Some of these lending practices bordered on unethical if not criminal.

    When the inevitable happened and people ended up stuck in homes they could no longer afford, it took several industries with it: construction, banking, consumer and home goods, etc.

    Perhaps if people were interested in looking at reality instead of shifting blame, perhaps we’d find solutions to these sorts of problems that seem to be cyclic.

  6. jackhudson says:

    I have no problem agreeing about those causes of the recession, but this is hardly the first time an economic bubble has burst – people have already forgotten the .com bubble or the impact of 9/11 on the economy, None of this is a justification for re-electing a man who has exacerbated the problem by massively increasing our debt and over-regulating the businesses that would allow us to recover.

  7. Justin says:

    Frankly, the economy is over-politicized as neither party is fully responsible for its success or failure as a whole. The economy would most likely be pretty much the same were McCain in office.

    True, however this Congress and President have passed specific legislation in many areas which have directly cost jobs. I have a difficult time believing that the anti-business legislation and regulations would have been passed under McCain. Democrats obviously are not simply apathetic to business, they actively oppose it. That will never work, ever.

    On top of that, the IRS has been abusing the law to go after companies by “re-reading” regulations to have new meaning, and then retroactively applying the new meaning to extort money out of companies. That is immoral.

    And yes, say what you want about being uncaring or not helping the needy, but the least efficient way to help the needy is to create massive government bureaucracies that mismanage taxpayer monies and which ultimately impoverish the entire nation because of their ponzi-esque, corrupt nature. Frankly, the democrats care more about enslaving people to their party through entitlements than really helping people.

    And yes, the DNC cannot cover up the removal of God from their platform by sticking God back in at the last minute and lying about how it was an oversight. Talk about arrogant, the DNC must think everyone is stupid as to their intentions.

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