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Thread: 2016 Obama's America ...Movie Trailer

  1. #1
    Grouper alpha's Avatar
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    Last edited by alpha; 08-30-2012 at 00:03.
    Only your mental acceptance/rejection of choices make you happy/unhappy................................................... ..........................No other human can change you............ http://en.wikipedia.org/wiki/Happiness................

  2. #2
    Barracuda Founding Member
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    Can anyone say Swift boating.......
    'in media stat virtus'
    Virtue's in the middle

  3. #3
    Grouper
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    Went to see it.....already knew most of what was in the movie.
    The question: “is the country better off”?

    Gas Prices doubled
    Debt increased $6 trillion
    Wages decreased by 10%
    Unemployment increased from 7.6% to now 8.1%, 3 years later.

  4. #4
    Guppy
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    Very interesting.... Looks like politics can't be avoided anywhere, eh? =P
    Are you for SCUBA?

  5. #5
    House prices were WAY down, stock market was about half what it is today, the country was facing a depression and we had two ongoing wars... so yes we are better off.

    and to be fair:

    Gas prices have not breached $4 unlike the previous president. Oil became a speculative market under Bush (not his doing), more people in the world compete for the same resource and honestly the president cannot really effect long term oil prices

    Debt certainly has increased. Probably around 2 trillion for Obama's stimulus plan including the massive payroll tax cut, bailouts, keeping Bush era tax cuts, etc. The value of the stimulus can be debated pretty much forever. Other spending under his watch came mostly from putting wars on the books, increased interest payments, SS now costing more than it is bringing in and other entitlement programs kicking in such as the Medicare Drug Benefit program. It all adds up and while some of it lands at the presidents feet it has been a joint effort by a lot of politicians over a lot of years.

    Wages have decreased but we almost went into a full depression and narrowly avoided a complete modern economic collapse. A bigger issue is chronic under-employment. IMO this is decades in the making though with off-shoring, exporting manufacturing, in-shoring, etc all of which have made our middle class virtually evaporate.

    It was roughly 8% when he took office (January versus when he was elected the number you are showing). By the end of the 1st quarter it was 8.5%. It is likely it will be near or at the same level when he leaves office.

  6. #6
    Guppy
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    So how does that cool aid taste?

  7. #7
    Barracuda
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    Thursday Obama administration announced that they would be buy toxic mortgage assets from the banks in form of securities. Wall street is going to bundle toxic assets from the nations largest banks in securities (US Bonds) and Federal Reserve will purchase these toxic bonds from Wall street. They announce that it would be 40 billion every month till the unemployment rate returned to acceptable levels and the economy is well on the way to recover.
    The effects are suppose to be that the money will trickle down from Wall Street to the Nations Largest Banks which will free assist up and provide a windfall in money. Then that money is suppose to trickle down to the middle class by allow people that didn’t qualify for loans or couldn’t get a loans before to get loans and purchase a new home. The short term affects its predicted that Wall Street will see record highs with close to half trillion in the next 12 months of government money invested. Wall Street DOW went up 260 points right after the Federal Reserve announced their plan and set 5 year high. The US Bond market will not be as attractive to investors and investors will look elsewhere. Like Obama says that won’t add one nickel to the debt and that is correct since the Federal Reserve is print money to pay for this. Suppose to lower interest rates but I refinanced this year at 2.65% and Federal interest for last couple of years 0% and suppose stay their for the next 12 months so I’m not sure how much lower they can go.
    - Dennis ><()))">

  8. #8
    This is being done by the Federal Reserve and a common misconception is that the Federal Reserve actions come from the President. The President has no direct control over the Federal Reserve and has no power to remove people from its board without cause. The Federal Reserve is an independent and private body.

    The move they are currently discussing might be a good one but only time will tell how far they go and how right a move it is.
    Last edited by Straegen; 09-25-2012 at 08:21.

  9. #9
    Barracuda
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    Something needs to be done since this going to added to be between 1.6 and 2.4 trillion dollars given to Wall Street and the Largest Banks for making bad investments and will encourage more bad behavior. There is nothing saying what the banks will use the money for and it every make past the big banks. If it does and allows people that can't get loans today get loans isn't that what got us into the this mess in the first place? Printing money to pay for it never a good I idea. Do you really believe that the Obama administration didn't have anything to do with the back door Wall Street/Big Bank Bail Out? If Obama administration is so against Wall Street/Big Bank bail out why are they not doing something about it?
    Last edited by CWSWine; 09-25-2012 at 10:04.
    - Dennis ><()))">

  10. #10
    Quote Originally Posted by CWSWine View Post
    Something needs to be done since this going to added to be between 1.6 and 2.4 trillion dollars given to Wall Street and the Largest Banks for making bad investments and will encourage more bad behavior. There is nothing saying what the banks will use the money for and it every make past the big banks.
    I would state again that the president has little influence on a decision the Federal Reserve makes. All a president can do is nominate board members when their term comes up. In this case Bernacky's term is 2014 I believe. Until then no board member can be removed for a political reason. Whether a president agrees or disagrees with the decision is mostly irrelevant.

    Quote Originally Posted by CWSWine View Post
    If it does and allows people that can't get loans today get loans isn't that what got us into the this mess in the first place? Printing money to pay for it never a good I idea. Do you really believe that the Obama administration didn't have anything to do with the back door Wall Street/Big Bank Bail Out? If Obama administration is so against Wall Street/Big Bank bail out why are they not doing something about it?
    The first bank bailout was part of his stimulus plan and IMO it kept us from sliding into a depression. I don't like how it was doled out but ultimately the banks had to be made solvent. If you do want to lob a very justified grenade at Obama, IMO it would be his lack of support on putting back some of the Glass-Steagall act but oddly anti-regulation is a very modern Republican ideology (and in many cases a good one, but not here IMO). At the very least commercial banks should split lending and investing within banks. Basically get the "Gordon Gekko" types out of our home mortgages.
    Last edited by Straegen; 09-25-2012 at 10:43.

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