Obama: The Economy is doing 'Fine'

[Dravenhawk]

In a june 8th Washington Post article Obama gave a speach in which he said "the private sector is doing fine." see link for article and short vid

http://www.washingtonpost.com/blogs/...opNV_blog.html

Talk about out of touch and disconnected as he tried to walk it back he "clarified" that we needed to grow more government jobs like teachers, cops and firefighters. *snap* yeah thats it

To the 25 million people outta work fine takes on a new meaning

F-rustrating looking for work and only finding part time gigs with poor pay and no benefits.
I-nsecurity felt by those who may lose their jobs as well as those who cant find work
N-eurotic Obama giving clueless statements like this make people nervous
E-motionaly draining to go day after day without hope for the tens of millions who cant find work.

Yup the economy is certianally F-I-N-E

><}}}*> Dravenhawk <*{{{><

[keck553]

The private sector is hurting tremendously, especially small business being driven into bankrupcy by excess regulations and requirements.

[bdh]

When they say "fine" they should qualify it in terms of exactly who it's fine for. Only a tiny percentage of the worlds population accounts for most of the worlds wealth. If you happen to be one of the tiny, tiny minority of super-rich, things are great. If one is a bricklayer, school teacher, mechanic, laborer ... not so much.

[keck553]

When they say "fine" they should qualify it in terms of exactly who it's fine for. Only a tiny percentage of the worlds population accounts for most of the worlds wealth. If you happen to be one of the tiny, tiny minority of super-rich, things are great. If one is a bricklayer, school teacher, mechanic, laborer ... not so much.

It's all relative. I was doing best when I was economically poor and lived a simple life, depending on God instead of uncle O.

[student of the Lamb]

It is being perceived that Obama did not actually make a mistake in his own mind with that statement. He probably does believe that the private sector is doing fine. He wants to put more firemen and teachers to work. He is all about building bigger and bigger government and more and more union workers. The fact is that, yes, some businesses are heavy on cash but are not hiring because they do not yet know how to react to the possibility of having to deal with Obama's healthcare plan for their companies.

The unemployment numbers have been "played" for along time now just as the definition of "cost of living has been "adjsted" to leave out the cost of food and fuel. This does not give a true picture of what the real unemployment picture is or the true cost of living situation. The "official" number is 8.2 % but the actual number is anywhere between 14 and 18% as many people have left the workforce, unable to find work and unemployment has run out. Others are underemployed which also means that a lot of young people are unable to find work as well. The private sector is hurting also because the cost of living is increasing. I have seen some products make "adjustments to packaging to cut product costs in order to keep prices relatively stable but that can not last much longer.

It was recently announced that there is consideration between the Treasury and the Fed to bring about Quantitative Easement III. The other two have been determined to be relative failures. I believe that the "definition of insanity" comes into play here. The definition being that of doing the same failed activity over and over and expecting different results. This is meant to keep interest rates down and stabilize the stock market. In order to do this, however, they must rob Peter to pay Paul. They will once again have to print about 625 billion dollars worth of currency and release it into the economy thus devaluing the dollar even more and causing greater cost of living that could push us along with the increase in taxes early next year well into another recession or in my opinion an even worse recession as I believe that the first one has never ended. These steps could well push us into hyper-inflation. Along with the situation in Europe and the steps being taken here we are seeing an extremely good possibility of economic collapse world wide.

[ChristianCoffee]

It is being perceived that Obama did not actually make a mistake in his own mind with that statement. He probably does believe that the private sector is doing fine. He wants to put more firemen and teachers to work. He is all about building bigger and bigger government and more and more union workers. The fact is that, yes, some businesses are heavy on cash but are not hiring because they do not yet know how to react to the possibility of having to deal with Obama's healthcare plan for their companies.

The unemployment numbers have been "played" for along time now just as the definition of "cost of living has been "adjsted" to leave out the cost of food and fuel. This does not give a true picture of what the real unemployment picture is or the true cost of living situation. The "official" number is 8.2 % but the actual number is anywhere between 14 and 18% as many people have left the workforce, unable to find work and unemployment has run out. Others are underemployed which also means that a lot of young people are unable to find work as well. The private sector is hurting also because the cost of living is increasing. I have seen some products make "adjustments to packaging to cut product costs in order to keep prices relatively stable but that can not last much longer.

It was recently announced that there is consideration between the Treasury and the Fed to bring about Quantitative Easement III. The other two have been determined to be relative failures. I believe that the "definition of insanity" comes into play here. The definition being that of doing the same failed activity over and over and expecting different results. This is meant to keep interest rates down and stabilize the stock market. In order to do this, however, they must rob Peter to pay Paul. They will once again have to print about 625 billion dollars worth of currency and release it into the economy thus devaluing the dollar even more and causing greater cost of living that could push us along with the increase in taxes early next year well into another recession or in my opinion an even worse recession as I believe that the first one has never ended. These steps could well push us into hyper-inflation. Along with the situation in Europe and the steps being taken here we are seeing an extremely good possibility of economic collapse world wide.

I would rep you if I could: I have been saying things like that for quite a while now, just not as well as you have stated it here.

[Bandit]

When they say "fine" they should qualify it in terms of exactly who it's fine for. Only a tiny percentage of the worlds population accounts for most of the worlds wealth. If you happen to be one of the tiny, tiny minority of super-rich, things are great. If one is a bricklayer, school teacher, mechanic, laborer ... not so much.

Yea, and I hate to even say the following, but I will. If Obama really is a part of a group that wants to turn the US into a part of a one-world socialist society, then yes, the US private sector is doing "fine". The definition of "fine" being that it is on the course the globalists desire for it. That is a scary thought.

[student of the Lamb]

Yea, and I hate to even say the following, but I will. If Obama really is a part of group that wants to turn the US into a part of a one-world socialist society, then yes, the US private sector is doing "fine". The definition of "fine" being that it is on the course the globalists desire for it. That is a scary thought.

One needs only to look at the facts.Obama's main supporter during the previous election was George Soros. Even though Soros is a multi-billionaire he comes from an understanding of global socialism. He attended Oxford University and while there became a part of the Fabian Society. In the early 1900s a few members of the Fabian Society moved to America and later founded the Council n Foreign Relations which has had a very strong influence on most every president over the last forty years. Even George Herbert Walker Bush is known to have been a strong supporter of The New World Order.

http://www.youtube.com/watch?v=byxeOG_pZ1o

The Trilateral Commission was founded by David Rockefeller and Zbigniew Brzezinski. Prior to the swearing in of Obama Brzezinski visited with Obama for what was reported to be a tutoring session. The Trilateral Commission is much the same in its ideology as the CFR. They are global socialists. Obama has made a point of reaching out to the world and belittling America. Henry Kissenger, who was at one time Obama's boss has made the statement that he believes that Obama will become the first president of the New World Order. Kissenger is also now a global socialist. There is much more there to be found out for those that would truly want to take their heads out of the sand.

I believe that the left has been formulating the fall of America for fifty years. The progressives like the CFR and the trilateralists have convinced the radical elements that radical means will not bring about the end that they want. That is why so many of the people from the days of the radical SDS and Weather Underground have disappeared into the system like Obama's friend, Bill Ayres, in order to bring about slow change. They are on the verge of that major change and I do not believe that they will let go of the opportunity. They would prefer to continue the slow process with another four years. I do not, however, think that if they feel they can not win another four years that they will stop and let all that they have worked for go away. I believe that if this election shows strong signs of going or does go to Romney that there will be a significantly major economic collapse that will shake the world to its roots. Please remember there is some good reasons to believe that the stock market crash of October, 1929 was engineered by the Federal Reserve as a means of "correction. That crash caused world wide depression. It will cause utter chaos. At that point the globalists will step out of the shadows as it has been reported that they want to do and offer to bail out all of the economies of each nation at the cost of their sovereignty.

I am a Christian and I do believe that we are in the End Times. I see these things as something that probably can not be stopped but that does not mean that we should just sit back and wait for them to happen. As a Vietnam veteran who saw communism face to face I will continue to fight the enemies of America and continue to fight against oppression of all people. I will also continue to reach out to those who are lost and continue to pray for fellow Christians who do not feel it necessary to follow Christ's commandment to reach to others. There is absolutely NO BETTER TIME for ALL Christians to be reaching out to the lost. Come, Lord Jesus, COME!

[keck553]

I would rep you if I could: I have been saying things like that for quite a while now, just not as well as you have stated it here.

I gavw him reps for both of us

[Free Indeed]

He didn't say the economy is doing fine, he said the private sector is doing fine. And he's right: corporations are reporting record profits, and the wealthiest 1% are cleaning up.

[student of the Lamb]

He didn't say the economy is doing fine, he said the private sector is doing fine. And he's right: corporations are reporting record profits, and the wealthiest 1% are cleaning up.

If there is one thing that I have learned in this life in this world it is to NOT hate people for being successful. I had every opportunity to become whatever I wanted to be in this great nation. I just did not have the motivation that some people have that drives them towards a high level career or a wealthy lifestyle. That is all well and good for them if that is what they have strived for. That is what liberty and freedom and the free market enterprise is all about. I truly feel sorry for those that feel these people owe others because they were willing to work hard for what they got. Sure, there are those that have taken advantage of the system but that does not make all the wealthy people bad or the system bad. They should not have to pay more than their fair share and today they are. The major problem today is we have leadership that continues to spend more money than we have to spend and they continue to insist on raising more taxes on the wealthy in order to pay for the continued expansion of government and the continued baiting of the poor with government subsidized cradle to grave entitlements so that they will vote for them. That in itself is the sickest thing that has happened to this nation. Thankfully the Democrats turned down President Eisenhower's attempt at this and did it on their own under LBJ. Now, they can have all the blame just as they do they theft of Social Security started also under LBJ.

If we want to see things done right, we do it just as we do it at home. We get our costs down where we can afford to pay our bills without borrowing money. There is only one way out of the mess that any of these nations is in. People don't like the word but austerity is now absolutely necessary. We have to be able to pay our bills and pay our debts without increasing taxes. That will mean doing away with some of the toys and extras of society. Even if we can get things to a point where we can pay back some of the debt, it will only be paid off when today's children are old and that only if they also stick to an austere lifestyle. Anything else and the whole world economy will collapse. The world economy depends on the American economy. Just as happened in 1929 if we go down so goes the world. Meanwhile there are those that are waiting on the sidelines for just such a day.

[Jeanne D]

If there is one thing that I have learned in this life in this world it is to NOT hate people for being successful. I had every opportunity to become whatever I wanted to be in this great nation. I just did not have the motivation that some people have that drives them towards a high level career or a wealthy lifestyle. That is all well and good for them if that is what they have strived for. That is what liberty and freedom and the free market enterprise is all about. I truly feel sorry for those that feel these people owe others because they were willing to work hard for what they got. Sure, there are those that have taken advantage of the system but that does not make all the wealthy people bad or the system bad. They should not have to pay more than their fair share and today they are. The major problem today is we have leadership that continues to spend more money than we have to spend and they continue to insist on raising more taxes on the wealthy in order to pay for the continued expansion of government and the continued baiting of the poor with government subsidized cradle to grave entitlements so that they will vote for them. That in itself is the sickest thing that has happened to this nation. Thankfully the Democrats turned down President Eisenhower's attempt at this and did it on their own under LBJ. Now, they can have all the blame just as they do they theft of Social Security started also under LBJ.

If we want to see things done right, we do it just as we do it at home. We get our costs down where we can afford to pay our bills without borrowing money. There is only one way out of the mess that any of these nations is in. People don't like the word but austerity is now absolutely necessary. We have to be able to pay our bills and pay our debts without increasing taxes. That will mean doing away with some of the toys and extras of society. Even if we can get things to a point where we can pay back some of the debt, it will only be paid off when today's children are old and that only if they also stick to an austere lifestyle. Anything else and the whole world economy will collapse. The world economy depends on the American economy. Just as happened in 1929 if we go down so goes the world. Meanwhile there are those that are waiting on the sidelines for just such a day.

I would rep you if I could. Amen!

Jeanne

[Liquid Tension]

I would rep you if I could. Amen!

Jeanne

Taken care of.........

[Bandit]

Taken care of.........

You beat me to it. I'll have to be quicker next time.

[student of the Lamb]

Thank you all for the kind words!