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I guess Ron Paul was right?
If there was any debate whether the Fed's policies have helped the economy or just the market (and specifically the Bernanke-targeted Russell 2000), the following two charts will end any and all debate. As the following chart from the St Louis Fed shows, as of the just completed quarter, US GDP is now the worst in US history, having just dipped below the heretofore lowest on record.
This post was edited by Adm Spinebender 15 months ago
Nah...It was prolly Reagan. Or maybe when Nixon completely severed us from the gold standard,.(Actually, this one could be true)
But it has nothing to do with Obama's economic policies. We are in a "balance sheet" recession. That can take 70 or 80 years to get out of. Paul Krugman says so.
"For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good."
Yet you gullible righties keep believing the investor class is punished in this country.
4 more years! ..of economic incompetence.
That guy so sold his soul to be the darling of the progressives. Even he can't really think the economy can be levitated on massive borrowing, debt and money printing for very much longer. He just makes some of it up as he goes along...he is the unofficially appointed economic propagandist. He risks his reputation the more he cow tows to support the leftist vision.
Can we get a third term?
zerohedge.com = ChicagoMark on HGH
I'm really getting a kick out of seeing guys who probably voted for George W. Bush now complaining about an economic recovery.
Ron Paul the man of the people who has never won a state wide election and has outspent his political opponents 2 and 3 times. That Ron Paul?
Lets see what the 8 year job creation is for the Obama administration.
Looks like we have another myth being spread by someone spoon fed by FoxNews
The pace of creation of jobs in the private sector during the current administration is now greater than the pace in either of President George W. Bush’s terms in office.
This post was edited by GRR Spartan 15 months ago
I repeat US GDP is now the worst in US history,
So clever. Doesn't change the numbers.
The link you posted says investors are getting most of the benefit of the recovery, and it says nothing is trickling down. Since you were the one who posted it, let's see where you stand.
Are you in favor of favorable tax treatment for capital gains? Are you in favor of supply-side economics? Also, did you vote for or against George W. Bush?
Just like clockwork... a liberal sheep spewing class warfare rhetoric. True sign of intellectual bankruptcy.
Yes. Should be lowest in the world to draw investors...if we have to have an income tax it is fair game as opposed to wages which is not income....it's a trade of labor for money. zero sum...not profit.
Yes. Cut taxes and regulations= huge growth and prosperity.
No. Dislike Bush and Neocons.
Against all income tax. Replace with The Fair Tax. .
Tell Spinebender - he's the one who posted the link. I just quoted it and pointed out that it seems to conflict with the positions of those who are applauding it.
Investors are drawn to profit. If you think an investment will pay off, our tax rates aren't going to scare you away.
I have no idea what you're trying to say about the preferential treatment of capital gains, and why do you think wages aren't income?
Did you vote for anyone who ran against Bush in 2000 or 2004?
The "Fair" Tax is a dishonestly marketed, regressive tax that's a fantasy for the gullible and a nightmare for businesses.
I'm neither a marxist/fabian socialist like O, nor am I an establishment neocon republican like Bush Jr, and Sr. I am a hard money, anti federal reserve, smallest government possible, avoid foreign entanglements, pure free market with minimal regulation and no crony corporate welfare capitalist. Maximum personal AND economic freedom in all aspects of life. Take responsibility for yourself and your progeny. Liberty is the highest value. Until the federal reserve is eliminated and cronyism is no longer tolerated we will never have true free markets and the prosperity it would provide to the masses, The alternatives of fascism/corporatism/socialism/marxism are too horrific and freedom crushing to even contemplate as alternatives..
You contradict yourself when you follow "pure free market" by allowing for regulation. That's the sort of bind that true believers often get into. A pure free market doesn't exist - and if it did, the eventual result would be extraordinarily ugly.
Jesus. Semantics. Fine...no regulations. A strong, fair and immune to bribery judicial system to enforce contracts and prosecute businesses who break laws to get illegal advantages. You can't blow up the other guys factory, or steal his copyrights and patents. yadayadayada. The closer you get to an unfettered free market,the more wealth and prosperity is created at all levels of society. It is why we became the richest country in the history of the world. ....
What you're saying is no regulations...except for some regulations.
That is exactly where I was going with the thread title. It would be plain vanilla mixed with ramen noodles, spam and government cheese.
I bet your only source of info is Fox News and conservative blogs. Lol. Now go kill someone you don't like with your assault rifle.
Keeping the sunshiners in check since 2000.
This thread is so predictable. The undeniable ugly truth of Obama's policies is pointed out, and you get the usual dancing, dodging, blaming anyone and everyone else. And of course, the leader of the idiots, Prevert jumps in with his solution to everything - raising the cap gains tax rate, even though he has zero evidence, let me repeat again, zero evidence that it will increase tax revenue. How could Obama get reelected? Obviously idiots vote in large numbers - and this thread is proof of that.
Egotism is the anesthetic that dulls the pain of stupidity. - Frank Leahy.-- If you're going to be stupid, be smart about it. - Mike Milbury
Are we still blaming Bush?
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