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Originally Posted by tony286
But vend the rich have got richer and companies have 2 trillion dollars in cash reserves. The economy is fine for them. They were shipping off jobs all during W and during bush wages were flat. If it wasn't for easy credit and the housing bubble,this would of been felt alot sooner. The house bubble happened because of no regulation,when the right got rid of glass speigal.
The right voted down this week, funding for 911 responders and to tax companies shipping jobs offshore and tax breaks for companies that keep jobs here. Yep they are great for the middle class. lol
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Middle class relies on the rich to spend money to make money, if they save it without spending it, middle class dies.
I'm sure if you read those bills, they were put down for reasons other than the title
Quote:
Originally Posted by TheDoc
Everything was peaking/crashing, starting to tumble before they took over. Housing peaked in 06, then started its massive decline. 'Job loss' during all of that decade was crazy, it was double the 90's and going back up before they took over - Job creation did not keep up with job loss. We hit a record on the Dow Oct 2007 then the drop hit but, today's Dow is roughly equal to 1998's Dow, which was mighty strong. GDP is higher today as well - it's only dip is in 2009, slightly, the only time for about the last 15 years.
Something to note: Reagan bailed out Chrystler for $4 billion, Illions Bank for $9.5 Billlion and the Savings & Loans crap cost $293 billion. Bush, 'signed'... $1.3 trillion total in bailouts.
Democraps are shit too, they could have said no, piss off and forced most of this away - but they didn't. Either way, it all comes down to this... What happened and what we're left with, is NOT Obama's fault.
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It's about not calling it Bushs fault, it was only partly his fault, I blame the Democrats for not fixing, instead they're making it worse
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
think about that