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CNBC - Obama Economic Malaise: It's Like Quick Sand. It's Like Mud.

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posted on Jul, 7 2012 @ 11:05 AM
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It's hard to put lipstick on this pig. 80,000 jobs is not good enough.

Cue Donald Trump: Obama you're fired!

- CNBC : It's like quick sand -

Nothing will change from now until the election.

Even if the Federal Reserve throws out a Q3, it won't help.

That will just devalue the US Dollar.


-- Monetary policy is not the tool to solve what ails us. --

Bingo!

BTW, truth be told.....what ails the US economy???



edit on 7-7-2012 by Eurisko2012 because: (no reason given)




posted on Jul, 7 2012 @ 11:26 AM
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In response to what ails our economy, you could start at major corporations like Wal-Mart which devastate small businesses, or you could start at the fact that wages have more or less stayed the same since the 1970's but the price of everything has gone up.



posted on Jul, 7 2012 @ 11:27 AM
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You know it's gotta' be bad if NBC (the Obama shill machine) even admits it's bad.
Color me surprised ... and impressed. They actually called it like it is.



posted on Jul, 7 2012 @ 11:35 AM
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Capitalism is a global phenomenon not national.

Corporations are global not national.

One nation is of no concern.

Profit is job #1.



posted on Jul, 7 2012 @ 11:38 AM
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Originally posted by FlyersFan
You know it's gotta' be bad if NBC (the Obama shill machine) even admits it's bad.
Color me surprised ... and impressed. They actually called it like it is.


After the bad job report it took a long time for Obama to come out and say the obvious.

- We have to do better.-

Okay, and how do we do better Mr. president???

---------
We need leadership.




posted on Jul, 7 2012 @ 11:40 AM
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Gee let's see, the private sector is reporting record profits, but cutting jobs..


The public sector is getting ready for a belt tightening due to a variety of budgetary concerns that are all non issues considering nobody wants to discuss cutting the actual fat, which is military spending..

And were gonna blame the President for all that right?

Sure.

I don't like Obama as much as the next guy does, but come on, the GOP have literally road blocked every initiative that the democrats have attempted in order to resolve any issue.

Both sides are playing interference and they are both guilty of allowing more problems to occur.

~Tenth



posted on Jul, 7 2012 @ 11:45 AM
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Originally posted by zroth

Capitalism is a global phenomenon not national.

Corporations are global not national.

One nation is of no concern.

Profit is job #1.



We have profits.

We also have Europe slowing down. They will be buying fewer iPhones.

The only worldwide strategy i see is - kick the can down the road -.

----------
A good -step in the right direction - for the USA is to approve the Keystone Pipeline.

More jobs is better. Getting our oil from Canada is better than getting it from

the volatile middle east. Lets think 10 years ahead not 10 minutes ahead.



posted on Jul, 7 2012 @ 11:50 AM
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Originally posted by tothetenthpower
Gee let's see, the private sector is reporting record profits, but cutting jobs..


The public sector is getting ready for a belt tightening due to a variety of budgetary concerns that are all non issues considering nobody wants to discuss cutting the actual fat, which is military spending..

And were gonna blame the President for all that right?

Sure.

I don't like Obama as much as the next guy does, but come on, the GOP have literally road blocked every initiative that the democrats have attempted in order to resolve any issue.

Both sides are playing interference and they are both guilty of allowing more problems to occur.

~Tenth


Truth be told is Senator Harry Reid doing any - road blocking - in the US Senate?

This economic malaise is happening on Obamas watch. Don't give him a pass.

Raise your hand if you want 4 more years of quick sand.



posted on Jul, 7 2012 @ 11:52 AM
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Originally posted by Eurisko2012

Originally posted by zroth

Capitalism is a global phenomenon not national.

Corporations are global not national.

One nation is of no concern.

Profit is job #1.



We have profits.

We also have Europe slowing down. They will be buying fewer iPhones.

The only worldwide strategy i see is - kick the can down the road -.

----------
A good -step in the right direction - for the USA is to approve the Keystone Pipeline.

More jobs is better. Getting our oil from Canada is better than getting it from

the volatile middle east. Lets think 10 years ahead not 10 minutes ahead.


You are still trying to fix the broken system.

The reality is the concept of nations is disappearing.

The issue is that the citizens of the USA are not keeping up with this change.

Americans are sheep that feed off of consumer goods and their shepherds sheer dollars from them.

Considering the fact that sheep grow any and everywhere, you have to realize that the shepherds can just pick a couple of sheep and start a new herd elsewhere.

What do the sheep do now to survive in America? They don't. It is game over.

The solution is reclaim personal sufficiency. Learn to cook, look to grow food, understand science, understand politics, understand your place in the world.

Stop giving your power to the state, to the church, to the office or to the school that did you a disservice.

Sometimes you have to go upstream to find the source of the issue. There is no fixing the current system and acknowledging that is the first step to freedom.



posted on Jul, 7 2012 @ 12:01 PM
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reply to post by zroth
 


Starting in January 2013 American Exceptionalism will lead us out of the global

economic malaise. Showing leadership is better than blaming others.

President Obama appears incredibly weak all over the world.

Just ask Putin.



posted on Jul, 7 2012 @ 12:06 PM
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Originally posted by Eurisko2012
reply to post by zroth
 


Starting in January 2013 American Exceptionalism will lead us out of the global

economic malaise. Showing leadership is better than blaming others.

President Obama appears incredibly weak all over the world.

Just ask Putin.


I have done you a disservice by addressing things broader than America and simplifying the issue humanity faces.

A different president wont change anything.

Still a fake economic control system ruling the world.

And that system is not run by America. America is only the guard dog.

People will continue to suffer when one nation holds itself in higher regard than another.

There is only one race, we are not separate. There is one connected eco-system that we all live off of.



For that I apologize.



posted on Jul, 7 2012 @ 12:15 PM
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Let's be honest here. We have been stuck in the mud since 2001. Clinton started it, Bush made it many times worse, and Obama has simply failed to do anything of substance. Had he fixed the whole mortgage mess as step one, then we might have had a chance to get out of this cesspool. Instead he relied on the Fed who has managed to magnify the problem in their attempts to keep the clock ticking.



posted on Jul, 7 2012 @ 12:19 PM
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Originally posted by zroth

Originally posted by Eurisko2012
reply to post by zroth
 


Starting in January 2013 American Exceptionalism will lead us out of the global

economic malaise. Showing leadership is better than blaming others.

President Obama appears incredibly weak all over the world.

Just ask Putin.


I have done you a disservice by addressing things broader than America and simplifying the issue humanity faces.

A different president wont change anything.

Still a fake economic control system ruling the world.

And that system is not run by America. America is only the guard dog.

People will continue to suffer when one nation holds itself in higher regard than another.

There is only one race, we are not separate. There is one connected eco-system that we all live off of.



For that I apologize.


A different president will change - everything -.

President Mitt Romney won't play 100 rounds of golf while the US economy flounders.

President Mitt Romney will remove - uncertainty - from the US economy.

President Mitt Romney will approve the Keystone Pipeline.


President Mitt Romney will remove the wet blanket that Obama wrapped around

free market capitalism.


Of course, it will be very helpful if the Tea Party swings into action and adds more

GOP members to the House of Representatives and gives us at least 60 GOP votes

in the US Senate.

We have everything we need to fix this great nation.



posted on Jul, 7 2012 @ 12:53 PM
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Originally posted by sligtlyskeptical
Let's be honest here. We have been stuck in the mud since 2001. Clinton started it, Bush made it many times worse, and Obama has simply failed to do anything of substance. Had he fixed the whole mortgage mess as step one, then we might have had a chance to get out of this cesspool. Instead he relied on the Fed who has managed to magnify the problem in their attempts to keep the clock ticking.


Yes.

Congress became infested with Democrat majorities starting in Jan 2007



Then, Obama had a Democrat Congress with him for all of 2009 and 2010






posted on Jul, 7 2012 @ 01:10 PM
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reply to post by xuenchen
 


If i remember, the mortgage mess = Barney Frank / Maxine Waters.

- Everything is fine. Fannie Mae & Freddie Mac are not in trouble. -


----------

20/20 hindsight = If you can't afford to buy a house then don't buy one



posted on Jul, 7 2012 @ 01:20 PM
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Originally posted by Eurisko2012
reply to post by xuenchen
 


If i remember, the mortgage mess = Barney Frank / Maxine Waters.

- Everything is fine. Fannie Mae & Freddie Mac are not in trouble. -


----------

20/20 hindsight = If you can't afford to buy a house then don't buy one



That was their lame "panic" responses to the prior warnings by Bush and others.


YouTube caption:

Sep 25, 2008

The bush adminstration in 4/2001 raised red flags, the 2002 budget requests declares Fannie Mae and Freddie Mac
"Potential problem.. and can cause strong repercussions in the financial markets"

In 2003 the White House upgraded the warning to a systemic risk that could spread beyond the housing sector.
John Snow Treasury Secretary called for Regulations & Supervision of GSE's.
Barney Frank (D-MA) denied there was any problem " Fannie Mac & Freddie Mare are not in Crisis"
Encouraging the government to do more to get low income families into homes, Ultimately blocking the regulation.

Allan Greenspan , 2/17/2005 spoke about the dangers of Fannie Mae & Freddie Mac "enabling these institutions to
increase in size -and they will once the crisis in their judgement passes-we are placing the total financial system of
the future at a substantial risk

Charles Schumer (D-NY) 4/6/2005 ..."I think Fannie & Freddie have done an incredibly good job, and are an intristic
part of making america the best housed people in the world....if you look over the last 20 or whatever yrs. Theyve
done a very, very good job.

McCain (R-AZ) 5/25/2006 For years I have been concerned about the regulatory structure that governs Fannie Mae & Freddie Mac...
and there sheer magnitude of these companies and the role they play in the housing market...the GSE's need to be reformed without delay."
That bill ( FEDERAL HOUSING ENTERPRISE REGULATORY REFORM ACT) made it out of the senate banking committee with a party line vote all the democrats voted against it.
Senator Obama did not weigh in on the bill

Barney starts talking @1:22

edit on Jul-07-2012 by xuenchen because: (no reason given)

edit on Jul-07-2012 by xuenchen because: (no reason given)



posted on Jul, 7 2012 @ 01:33 PM
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reply to post by xuenchen
 


Home construction is in terrible shape today.

It will take years to work through the excess houses just sitting on the market.

--------
When we get the economy roaring again then people will get good paying jobs

and then qualify for a 30 year mortgage. In the meantime we are stuck in the mud

with Obama.
--------
I hope we have learned from our mistakes. From now on just require a 20% down

payment and finance the rest.



posted on Jul, 7 2012 @ 01:52 PM
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Originally posted by Eurisko2012

Originally posted by tothetenthpower
Gee let's see, the private sector is reporting record profits, but cutting jobs..


The public sector is getting ready for a belt tightening due to a variety of budgetary concerns that are all non issues considering nobody wants to discuss cutting the actual fat, which is military spending..

And were gonna blame the President for all that right?

Sure.

I don't like Obama as much as the next guy does, but come on, the GOP have literally road blocked every initiative that the democrats have attempted in order to resolve any issue.

Both sides are playing interference and they are both guilty of allowing more problems to occur.

~Tenth


Truth be told is Senator Harry Reid doing any - road blocking - in the US Senate?

This economic malaise is happening on Obamas watch. Don't give him a pass.

Raise your hand if you want 4 more years of quick sand.


Listen, if you think it matters who gets to be puppet for 4 years, then why do you even have these discussions?

Do you actually believe, that any of those crooks, thieves and robbers are there for you? Sure sure, some of them have good intentions, but they never get anywhere.

Romney, Obama, Palin, Reid, Pelosi, they are all tools. Pieces on a chess board that doesn't care about you and doesn't include you.

Your economic problem is that America gave up it's ability to produce, regulate and manage it's own currency. It gave it up to the Rothchild's the the Rockefellers, who in turn, turned it over to the Monarch's of Europe, who still control the world.

You want a good economy? Get the international hands out of the pot.

~Tenth



posted on Jul, 7 2012 @ 01:53 PM
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Originally posted by Eurisko2012


A different president will change - everything -.




This is fundamentally, an impasse, that we cannot surpass.

You still believe the government is working as it was designed 230+ years ago and it is not.



posted on Jul, 7 2012 @ 02:04 PM
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Originally posted by tothetenthpower

Originally posted by Eurisko2012

Originally posted by tothetenthpower
Gee let's see, the private sector is reporting record profits, but cutting jobs..


The public sector is getting ready for a belt tightening due to a variety of budgetary concerns that are all non issues considering nobody wants to discuss cutting the actual fat, which is military spending..

And were gonna blame the President for all that right?

Sure.

I don't like Obama as much as the next guy does, but come on, the GOP have literally road blocked every initiative that the democrats have attempted in order to resolve any issue.

Both sides are playing interference and they are both guilty of allowing more problems to occur.

~Tenth


Truth be told is Senator Harry Reid doing any - road blocking - in the US Senate?

This economic malaise is happening on Obamas watch. Don't give him a pass.

Raise your hand if you want 4 more years of quick sand.


Listen, if you think it matters who gets to be puppet for 4 years, then why do you even have these discussions?

Do you actually believe, that any of those crooks, thieves and robbers are there for you? Sure sure, some of them have good intentions, but they never get anywhere.

Romney, Obama, Palin, Reid, Pelosi, they are all tools. Pieces on a chess board that doesn't care about you and doesn't include you.

Your economic problem is that America gave up it's ability to produce, regulate and manage it's own currency. It gave it up to the Rothchild's the the Rockefellers, who in turn, turned it over to the Monarch's of Europe, who still control the world.

You want a good economy? Get the international hands out of the pot.

~Tenth


Well, that was a lot of information. You even threw in a conspiracy.

--------
However, you didn't answer my question.

Truth be told is Senator Harry Reid doing any - road blocking - in the US Senate?

I heard the GOP in the House has passed numerous bills but they are languishing

in Harry Reids desk drawer. Lets tell the whole truth.
--------
As far as managing our currency, i don't see the Federal Reserve throwing out

a QE -3.

It won't work and it won't help Obama so why bother?

Ben Bernanke knows the truth.

- Monetary policy is not the tool to solve what ails the USA. -


edit on 7-7-2012 by Eurisko2012 because: (no reason given)



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