Honestly at this point if the GOP doesn’t pass this new jobs bill, it’s purely political.
Everything the Republican party has done since November 2008 has been purely political.
Cost of last decade’s wars much higher than Obama said
- $3.7 trillion cost for the United States’ post-9/11 wars source
» The wages of war: When President Obama referred to a $1 trillion price tag for America’s wars in the last decade, he clearly hadn’t spoken to the folks running the Costs of War project at Brown University’s Watson Institute. The project determined the above figure through calculations that included future costs, such as health services for wounded veterans returning home, as well as counting what’s generally referred to as our “secret” war in Pakistan.
But what’s killing our economy and causing huge budget deficits is the socialist agenda. You know, unemployment benefits, programs to help people pay for college, inexpensive women’s healthcare, and of course Obamacare.
Double-dip fuels fear of another Great Depression
- 48% of people think another depression is coming source
» That’s the highest level ever. While the poll question (from a CNN/Opinion Research Corporation poll) had a slight majority — 51 percent — saying we probably won’t have one, a possible double-dip recession has many folks a little concerned. Obama promises that’s not going to happen. He better hope he’s right — 51 percent of people also said that the economy is extremely important in determining who they’ll vote for.
If nothing major changes in the government’s current approach to the economy, then yes we will hit another depression. I’m not making some far-fetched prediction. Austerity measures do nothing to stimulate demand. This is not rocket science people.
In the “Roosevelt Recession” of 1937-38, FDR and his economic advisers were quick to recognize their mistake. Instead of stubbornly holding course, they promptly reversed themselves and went back to Congress in the spring of 1938 to demand a massive increase in government spending. This spending was to put some of the millions who had lost their jobs due to the misguided policies of 1937 back to work. Within a few months, the downward spiral that was initiated by the 1937 pullback was over and the economic recovery — that had been running at an average annual rate of 14 percent between 1933 and 1937 — resumed.
Sadly, it seems highly unlikely that this President and Congress will draw the same lesson from the recession of 1937-38 that FDR and his advisors drew from their experience. Steeped in a bitter partisan divide and arguing not about how much the government should spend, but rather about how much it should cut, there appears little chance that we will see any meaningful attempt to alleviate the plight of the millions of Americans still suffering the burden of unemployment. With such gridlock in Washington, perhaps we would all do well to reflect on what FDR said as he struggled with those who criticized his policies and demanded he cut back on the New Deal:Governments can err, Presidents do make mistakes, but the immortal Dante tells us that divine justice weighs the sins of the cold-blooded and the sins of the warm-hearted in different scales. Better the occasional faults of a Government that lives in a spirit of charity than the consistent omissions of a Government frozen in the ice of its own indifference.
Paul Krugman calls this “The Mistake of 2010”: our stimulus spending is just enough to significantly increase our debts, but not enough to pull us out of the slump we’re in. Austerity measures are leading us directly into disaster after a recession for the second time in US history but no one in charge seems to be paying attention.
On a personal note, this is probably going to destroy any hope I may have had for a decent future. I’m at the end of my rope here, and there is no light at the end of the tunnel, especially with the way these assholes in Washington are choosing to deal with this.
I understand trying to stick to your guns. I understand being enamored with a particular ideology and not wanting to compromise that. Believe me, I get it. But these are people’s lives we’re talking about. There are historical precedents and facts that prove that what many of us have been saying for years is correct. Right now, the government is the only institution with both the means and the reasons to stimulate demand. Cutting government spending during a recession is like offering a drowning person a glass of water.
Faking it: Reality television star and real estate mogul Donald Trump has accused President Barack Obama of releasing a doctored birth certificate. Trump claims to have hired a computer forensic expert who determined the certificate was not authentic.
This guy needs to shut the fuck up.
In the wake of President Obama’s decision to not release pictures of Osama bin Laden’s body, a number of new conspiracy theories are surfacing claiming that bin Laden is not really dead. Which means Barack Obama will go down in history as the first black person ever to have to prove he killed someone.