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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (56916)	9/14/2011 10:38:28 AM
From: Honey_Bee	2 Recommendations Read Replies (1) \| Respond to of 103300

Take that, Obama Bin Dumbo: NEW YORK – Republicans have scored an upset victory in a House race that became a referendum on President Barack Obama's economic policies. Retired media executive and political novice Bob Turner defeated Democratic state Assemblyman David Weprin in a special election Tuesday to succeed Rep. Anthony Weiner, a seven-term Democrat who resigned in June after a sexting scandal. Read more: foxnews.com .

To: GROUND ZERO™ who wrote (56916)	9/15/2011 2:20:39 AM
From: Vitas	1 Recommendation Read Replies (1) \| Respond to of 103300

GZ, You have raised a number of valid points which I will study further. To me, the issue is that we are not in a usual cycle where the Economy has a downturn and then presumably recovers. We have had two downturns in a row. The expected cycle which is probably dominated by the 18 year real estate cycle, and the 911 events in addition to that. Usually you pump money into the system when things are bad, and then theoretically pay the money back when there is prosperity. Of course the DC politicians never get around to the paying the money back part because they do not want to risk the chance of not getting re-elected. Nevertheless, the premise is that the government's job is to inject money into the system when things are bad to ignite the Economy and then repay it when the Economy recovers. Because of the two downturns in a row we are in a very unusual situation. No big deal, we all manage to survive. Interest rates at near zero are a clear indication of just how weak the situation is. We tried QE and BAC just cut 30k jobs. QE did not work, as a practical matter, did it? In the mean time there are many unemployed people that are simply trying to exist and survive, as human beings. Low tax rates are great, but wealthy people take the advantage and put it into their bank account. They are not spending the cash. Take that pool of money and direct it to job creation for working people and because of the multiplier effect the dough multiplies by a factor of approximately five. Boom, the recovery is on the horizon. I think that Obama made a serious blunder by not mentioning tax increases in his speech, and he will have to explain his chicanery. The biggest problem that I see facing us today is the exponential increase in health care premiums. Instead of Congress conducting hearings to investigate baseball players they have to demand that the health care industry explain and justify why health care premiums have gone up over 400% in the last 10 years. How does that happen when the Economy and the stock market has gone sideways since 2000? I think that employers will not hire because of this sole fact. Who needs terrorists when you have the health care industry smiling in your face? Then there is the exponential increase in college tuition.... Vitas