Yo Sheriff, if you rode out of town out East, into nearby Stockton,
you will see how depressed the Real Estate market is. House Prices
are in some places down 50% or more - towns where
whole neighborhoods are under water are a common sight. In the years
after 9/11 the Bush/Greenspan
Economy grew and kept expanding on the strength of the housing boom -
Capital Consumption Adjustment and other related items were 70% of
GDP growth. As supply grew well beyond the demand,
the economy had grown by borrowing from the future. Throw in a big
spending warrior who is interested in going where his pappy has not
gone before and you have the legacy for the first black president of the
United States. As inflation soared Bernanke ratcheted up rates,
popping the bubble that left a deep recession. This was the legacy,
Obama inherited - a War nobody wanted to fight, homes nobody wanted
to buy, deficits nobody wanted to pay for and a dying manufacturing
base nobody wanted to help - this was Nobody's Ketchup on a Hot Dog
- it was everybody's blood and sweat, well at least everybody who is
Nobody. GM was bankrupt and needed a bailout. The drop in the GDP was
8% in the final quarter of 2008 and first quarter of 2009. Bazooka
Hank was not around when Right after Obama took office, the Dow fell
precipitously to 6600 and a new Great Depression was coming. A series
of measures restored confidence
in the economy, none more so than the GM bailout. Yet, the housing
recession is not over. The rest of the economy
is recovering, but jobs are not growing despite all the easy money,
outside what the Federal Govt. is creating.
States and local govt. are shrinking their budgets as revenue has been
cut. Median Household net worth in the US
has dropped 35% in 5 years, a statistic that belies the haemorrhaging in housing,
the undercurrent of despair that drives unemployment and underemployment
across the country. After three years of tax cuts and record deficit spending,
the economy is starting to respond. And that is because Bazooka Hank
and Helicopter Ben had not left us Across the Globe, the World Economy
is fast declining. The UK under a conservative PM has been in
recession and is running record deficits. Parts of the EU are falling
apart at the seams as the Sovereign Debt crisis leaves it teetering on
the brink of a collapse. Even China and India have dramatically slowed down.
Compared to this, the US is still growing.
But it is the Obama foreign policy that is their biggest success. We
are out of Iraq. And there is respect from around the globe for
the American way. People respect this President abroad and want
America to lead a peaceful world. You should listen to Ron Paul
who tells us that Syria and Iran are on the cross hairs of the Romney
administration. A nation's got to know its limitations. And the Obama
adminstration understands the value of fair dealing and friendship
and there is greater willingness to follow its principled positions.
Dont sign off on Romney till they tell you that they will not be
fighting any new preemptive wars and will not blow such a big
hole in the deficit that nobody can fix it. Get them to provide policy
on the poor and guarrantees for those on the edge.Till you get
assurances on the actual numbers, listen Clint. Don't Go Ahead and
Make Their Day.
you will see how depressed the Real Estate market is. House Prices
are in some places down 50% or more - towns where
whole neighborhoods are under water are a common sight. In the years
after 9/11 the Bush/Greenspan
Economy grew and kept expanding on the strength of the housing boom -
Capital Consumption Adjustment and other related items were 70% of
GDP growth. As supply grew well beyond the demand,
the economy had grown by borrowing from the future. Throw in a big
spending warrior who is interested in going where his pappy has not
gone before and you have the legacy for the first black president of the
United States. As inflation soared Bernanke ratcheted up rates,
popping the bubble that left a deep recession. This was the legacy,
Obama inherited - a War nobody wanted to fight, homes nobody wanted
to buy, deficits nobody wanted to pay for and a dying manufacturing
base nobody wanted to help - this was Nobody's Ketchup on a Hot Dog
- it was everybody's blood and sweat, well at least everybody who is
Nobody. GM was bankrupt and needed a bailout. The drop in the GDP was
8% in the final quarter of 2008 and first quarter of 2009. Bazooka
Hank was not around when Right after Obama took office, the Dow fell
precipitously to 6600 and a new Great Depression was coming. A series
of measures restored confidence
in the economy, none more so than the GM bailout. Yet, the housing
recession is not over. The rest of the economy
is recovering, but jobs are not growing despite all the easy money,
outside what the Federal Govt. is creating.
States and local govt. are shrinking their budgets as revenue has been
cut. Median Household net worth in the US
has dropped 35% in 5 years, a statistic that belies the haemorrhaging in housing,
the undercurrent of despair that drives unemployment and underemployment
across the country. After three years of tax cuts and record deficit spending,
the economy is starting to respond. And that is because Bazooka Hank
and Helicopter Ben had not left us Across the Globe, the World Economy
is fast declining. The UK under a conservative PM has been in
recession and is running record deficits. Parts of the EU are falling
apart at the seams as the Sovereign Debt crisis leaves it teetering on
the brink of a collapse. Even China and India have dramatically slowed down.
Compared to this, the US is still growing.
But it is the Obama foreign policy that is their biggest success. We
are out of Iraq. And there is respect from around the globe for
the American way. People respect this President abroad and want
America to lead a peaceful world. You should listen to Ron Paul
who tells us that Syria and Iran are on the cross hairs of the Romney
administration. A nation's got to know its limitations. And the Obama
adminstration understands the value of fair dealing and friendship
and there is greater willingness to follow its principled positions.
Dont sign off on Romney till they tell you that they will not be
fighting any new preemptive wars and will not blow such a big
hole in the deficit that nobody can fix it. Get them to provide policy
on the poor and guarrantees for those on the edge.Till you get
assurances on the actual numbers, listen Clint. Don't Go Ahead and
Make Their Day.
1 comment:
When Romney says he is going to create 12 million jobs, how is he going to do it? Even my 10-year old can make such a ridiculous claim. But Obama needs to make the case for his second term. What is his plan? What is his vision? He is providing no details - at least that I can recall. That is the problem with this campaign - no serious discussions. Just one fact twisting after another. Just one lie after another. Romney's campaign guy is explicitly stating, "Our campaign is not going to bother with fact-checkers" - Fish
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