Posted on 06/26/2010 9:12:28 AM PDT by K-oneTexas
It’s taking so long because the left has no intention for it to end. This is by design. Anyone who thinks this administration, or any left-winger, wants prosperity and growth, anyone who thinks that is truly deluding him or herself.
We are bursting a debt bubble that built up over 20 years. Most of this debt is long term debt like 30 year mortgages. The only way this could get fixed quickly is a mass bankruptcy/default and start over, but this was not done due to the systemic pain involved. We have chosen the lost decades way.
It has to do with debt. We spent the last 30 years running up our debts (as indiviudals). And that’s not even including our ever expanding share of the Govenment’s debt. Sadly, our stupid Government thinks the debt will go away if we import enough illegals in to pay it off. Yeah, right.
To summarize: The Obama Regime is anti-life.
The solution is less government spending, less regulations and huge tax cuts for businesses and individuals. Reserve the silver bullets for the blood sucking vampires that make up the inside-the-beltway liberal elites.
Think it’s bad now ? Wait till next year .
This isn’t a recession. This is “normal” from now on. America is entering its “1970s Britain” phase.
I can, for the recrod, say the Depression started last week.
When I lost MY job.
OTOH, I was looking for work when I landed that gig and so I will again.
Give Obama time - sending an economy as strong and resilient as our's into a depression is hard work.
recrod = record
need more coffee too early.
When we came out of the recession of the early ‘80s, we were getting post-recession quarterly growth rates of 6 and 7 percent. That’s because Reagan cut taxes. Now, we’re getting anemic growth rates of 2.7 percent, because everyone knows that taxes are going up.
There's the dark cloud's silver lining.
Because at every opportunity the Obamb administration is not only doing the exact opposite things to those that would strengthen and accelerate the recovery, but also doing the exact things that will MAXIMIZE the length, severity and pain of the Great Recession.
I think the idea is to destroy the USA.
America’s worst enemy is its own Imperial Federal Government.
The only question is will we Patriots allow it to happen?
The Obama Regime is betting that we sit fat, dumb and happy until it’s too late.
Question: If the Feds rule as if the U.S. Constitution is a dead letter, does this not indicate a dictatorship already in power?
Check it out: A Mind-Changing Page.
Excerpt:
Sometimes you can read a book that will change your mind on some fundamental issue. Rarely, however, is there just one page that can undermine or destroy a widely-held belief. But there is such a page-- page 77 of the book "Out of Work" by Richard Vedder and Lowell Gallaway.
The first battle will be this fall and there will be many victories. I suspect that Obama only has 1 1/2 years in office before Pelosi trys to take over.
Is a "wazoo" similar to a "ying-yang"?
Bush may be a stretch, but certainly Halliburton has had a hand in the lengthy delay. Maybe someone should write a note Barney Frank.
Speaking from PA., there are going to be thousands and thousands of families wiped out financially. Our "rate caps" are coming off for energy; were looking at a 50% increase in our energy bills. Couple that with the Bush tax cuts expiring and Obie-care going into play; its going to be desolate.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.