Bitcoin Forum

Conservative should stop denying the truth .

What I observe is that the economic recovery is being felt unevenly across the country. Upticks in employment figures don't necessarily represent job growth in Kansas, for example - not if Sam Brownback has anything to say about it. Add a few jobs, cut a few jobs but arbitrarily omit them from reported figures, cut benefits for the needy, employ regressive taxation strategies...

Some people are seeing things as better, some people just can't catch a break...

overall it's an improvement and, most importantly, a stabilization. otherwise, remember the carnage 4 years ago? layoffs everywhere, companies filing for bankrupcy left and right, houses foreclosed like dominos, talks of governments at various levels going bankrupt, discussion of inviting the chinese in to bail the US out, etc.
it was chaotic and unsettling.

now, the worst thing you can say is, "but but i'd like to see a little more improvement here, maybe there as well".

Yeah I've been in finance since '08, my world has improved immeasurably in that time. But ... I'm in Kansas. Jobs growth is so stagnantas to be putrid, and a lot of people are losing much-needed benefits. The median income a little higher, but the number of folks officially in poverty is more pronouncedly up.

as a president, he has done his job, stabilizing the economy and keeping it climbing upward slowly and steadily. that's fixing.
it's not his job to make the economy shoot back to the peak seen prior to the recession. that's not fixing.

a good analogy would be an ER surgeon's job stops at bringing a patient from critical condition back to stable. it's none else but the patient's job to rehab and recover himself back to his athletic condition.

Again, I blame it on state politics. But it's not just here and it's not just income tax or SNAP. States where the Medicaid expansion was rejected are seeing unfortunate outcomes regarding the cost of health care, but that doesn’t seem to be the case in places where the expansion took place.

Well, let me rephrase. I blame it on unchecked conservatism.

i lived in kansas city during '12 and '13. and from what i see, the economy there did not do bad. it didn't recover vigorously, but it was very steadily.
and keep in mind, conservatives are the one that want to take unemployment benefits away

You should read about Rome and what happend when they started devaluing their coins..  Money printing has only ended one way, I don't know why you would expect anything different.

Having free bread and free gladiator shows were good during the downfall of Rome.

Today, we also enjoy much free entertainment and services at a rather low cost compare to the benefit we are getting.

Kansas City isn't really representative of the rest of the state though. This year, KCK and KCMO are seeing pretty similar job growth. But Kansas, with its tax cuts and Brownback performing his ultra conservative experiment, is gaining jobs at an overall rate of about one third what Missouri is doing. Not that Missouri is exactly a liberal paradise, but having a Democrat governor goes a long way toward keeping things from completely going off the rails.

The economy hasn't been fixed. Why are interest rates still being held at zero and why is the Fed still pumping out billions of dollars every month? It is more like the problems have been hidden behind a curtain so that nobody can see them.

"What's that growling noise behind the curtain?"
"Oh, nothing. Don't worry. It won't eat you."

When will Obama accept BTC?

This is only the experience of yourself in one city in the entire country. People that work outside of your field and outside of your "group" of people that you know/interact with would not necessarily be in the same "boat" as you. The fact that the labor force participation rate has dropped so much is more then evidence that would show the economy is doing very poorly.

that is about as applicable as saying the full moon is a factor in employment.


How do you explain increases in employment in states that did not raise the minimum wage- which happened a lot more.

Cmon Obama, replace USD with BTC, then maybe, maybe you'll do something useful  ;D

lol nice troll thread first off i guess... i dunno.


but anyways, nope. we are more in debt and yes clinton + bush put in this position. clinton inherited a surplus and after his 8 years in office bush inherited debt then bush added to it.

The correct answer is the ignore button. Come on people.

I thought this was a parody thread with a punchline but when I clicked it I see there are actually idiots who think this is true.

Unbelievable.

Eh?
Reagan tripled the federal debt during his eight years in office, mainly caused by loss of revenue from tax cuts.
All this to finance enormous tax cuts to the top income bracket, as well as record breaking military spending.
By the time Reagan left, the United States could no longer realistically manage it's debt; the United States could no longer realistically pay back its debt.

Believe it or not, Reaganomics' trickle down theory is based on the Laffer Curve, a theory conceived in 1974 by Arthur Laffer during dinner with Dick Cheney and Donald Rumsfeld.
It was meant to be a campaign platform, since the theory is not supported by any empirical data. But it somehow became the basis of Reagan's economic policy!

By the time Bush Sr. came, the full weight of the situation hit home. The debts were unmanageable, and the projected economic growth from the tax cuts never materialized.
Bush Sr. had no choice but to raise taxes, despite his famous "Read my lips, no new taxes" pledge.

Economically, Clinton is probably the best American president in the 20th century.
The United States experienced the longest period of economic growth in American history during his watch and a record 24 million jobs were created.
More importantly, Clinton presided over three surplus budgets - the only time it has happened since 1969!

He handed Bush Jr. a healthy economy and a vibrant job market.
One of the first economic decisions by Bush Jr. after coming into office was to enact a new round of tax cuts, which ultimately cost the federal government at least $1.8 trillion.
Once again, the projected benefits from the cuts never materialized. The federal debts got larger though, along with annual interest payments.
Bush Jr. also launched two credit card wars, the costs which are still being paid to this day.

The economies problems are very much well known to economists. It is just that the problems are much too complicated for most people (voters) to understand so they will likely vote as if the economy is roaring ahead, while we are really just robbing future economic growth from tomorrow to have a little bit greater growth today via ultralow interest rates.

Only BTC can save the US and EUR incoming crisis.

nope, if BTC can be managed by the government then it will be accepted

As a president, Obama has done what he thinks is best, he has made economic recovery, so the value of the American dollar is not less than the euro currency, but on the other hand, Obama's foreign policy, made ​​other countries, especially developing countries increasingly depressed, especially with the issue of terrorism in all parts of the world. Hopefully Obama made ​​a policy that will improve the welfare of the people, and still maintain a good relationship between the state  :P

What he thinks is best, and what is best for the economy are not the same thing. Obama has implemented liberal policy after liberal policy which has caused the economic recovery to be much weaker then most economic recoveries, and much weaker then it should be based on how bad the recession was.

I'm no Obama supporter but this was no normal recession.  Were talking Great Depression magnitude here

No economy is gonna recover that easily from a market crash like that

A president can't fix an economy, all he can do is stop strangling it.  Obama isn't the economy wizard, he doesn't have those kinds of powers, no single entity does (but if there is, check to ensure you're not living in a communist dictatorship.)  There's nothing more absurd than the belief that a man who is completely removed from the market, can somehow fix said market.  It's like studying quantum physics in preparation of running a marathon, there's no correlation.

You wanna know how to fix the economy?  Stop trying to fix it with politics.  Go start a company.  If you don't see what obstacles the state has set for you now, you'll see then.  Once again, as you'll find if you study any of these topics to any formal extent, the state is "solving" a problem it created.  Just like the state "solved" slavery, when slavery only existed because the state caught the slaves at public expense.  Just like the state "solves" our money problem, after creating a problem with the money.  The state "solves" the problem of a crumbling economy after waterboarding the economy with subsidies, regulations, patents, corporate shields, monopolies, on and on and on, not even including the direct wealth transfers via welfare, warfare and inflation.  The worst part is, nothing is any better, people just keep repeating "the economy is fixed now" until they believe it, head in the sand.  The truth is not democratic, however, and the woes of a dying economy are on a long-term course for annihilation of the state continues to interfere at the rate it does now.

It's not possible for any leader to fulfill his every promises but to a certain extend as he is not only alone to make and pass the bills and takeover everything around.

If the economy is fixed then I have not seen one bit of this fix and neither has my wallet. My health insurance went from $7800 a year in premiums with $15 copay and 100% coverage for everything to $10450 the insurance pays not 1 cent out until I pay an additional $3000 per family or $1000 per person deductible at which point they will then pay 80%. The will not pay 100% until I pay out of pocket $10k ontop of my premiums.

How exactly am I better off today financially then before Obama?  For those of you that have benefited from this dictators policies...
Your welcome!!

Deep recessions tend to have the strongest rebounds in terms of economic growth once the economy starts growing again. The post recession economic rebound that we are in is the weakest since World War 2.

This is true. Economists have shown that the deeper the recession/depression, the stronger the recover will be. Very shallow recessions usually have weak recoveries, while deep recessions have tend to have very strong recoveries.

How can something decentralized be "managed"?