How's That Recovery Comin?

[Antitrust32]

dont you understand that George Bush singlehandidly ruined the world and Obama has almost completely fixed it?

[somerfrost]

Originally Posted by Antitrust32

dont you understand that George Bush singlehandidly ruined the world and Obama has almost completely fixed it?

Do you understand that no single President is completely to blame and no single President is totally without fault? My problem with the "Obama hate" is that folks seem to think everything was fine until Obama took office. Feel lucky that you are locked into a political ideology that has a say in government, being a far leftist, all I get to do is sit and watch.

[Antitrust32]

Originally Posted by somerfrost

Do you understand that no single President is completely to blame and no single President is totally without fault? My problem with the "Obama hate" is that folks seem to think everything was fine until Obama took office. Feel lucky that you are locked into a political ideology that has a say in government, being a far leftist, all I get to do is sit and watch.

I'm probably less locked into any certain political ideology than anyone who posts in this whole section.

But I have pretty easily come to the conclusion that Obama is just 4 more years of GW Bush.

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

Its not the person who bought a 400k house and could only afford a 150k house fault, its the bank's fault for providing the loan

Zero personal responsibility in this overly spoiled country that I love.

[Riot]

Originally Posted by Antitrust32

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

You might enjoy this book, you can get it for 10 bucks paperback on Amazon

Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System---and Themselves
Andrew Ross Sorkin

[randallscott35]

No, but maybe continuing the failed policies of Bush and keeping people in positions of power and hiring an inept Eric Holder who has prosecuted no one and so on and so on should count for something....B/c of the importance of the times we live in, I can only say Obama is the single worst president in our history.

[Riot]

Here's an interactive map, from Moody Analytics, documenting the economic and recovery status of each state, and each major town with statistics

Shows the recovery is slow, but definitely doing well and improving.

Recovery Status Map - Tracking the business cycle across U.S. states and metropolitan areas.

http://www.economy.com/dismal/us-map/default.aspx

Having food stamps use high, when unemployment is high, isn't any great surprise. It shows we're helping people and keeping them from starving. That's a good thing. Not a bad thing.

[randallscott35]

Originally Posted by Riot

Here's an interactive map, from Moody Analytics, documenting the economic and recovery status of each state, and each major town with statistics

Shows the recovery is slow, but definitely doing well and improving.

Recovery Status Map - Tracking the business cycle across U.S. states and metropolitan areas.

http://www.economy.com/dismal/us-map/default.aspx

You are on crack.

[miraja2]

Originally Posted by randallscott35

B/c of the importance of the times we live in, I can only say Obama is the single worst president in our history.

I like the way that this post implies that you actually know something about about all the other presidents and at some point you decided....yep, Obama is now worse than James Buchanan or John Tyler, or Andrew Johnson....or whichever president you had last on your list before.
You don't like the guy. Fine. But this "worst president in our history" stuff is just nonsense. You are comparing him to people that I feel confident in guessing you don't know the first thing about.
Its not just you either. There are polls like this all the time and I always think they are stupid. Does comparing the John Adams administration to the Gerald Ford administration really make any sense whatsoever? There's no reasonable way to do it....or really a very good reason to do it.

[GBBob]

Originally Posted by miraja2

I like the way that this post implies that you actually know something about about all the other presidents and at some point you decided....yep, Obama is now worse than James Buchanan or John Tyler, or Andrew Johnson....or whichever president you had last on your list before.
You don't like the guy. Fine. But this "worst president in our history" stuff is just nonsense. You are comparing him to people that I feel confident in guessing you don't know the first thing about.
Its not just you either. There are polls like this all the time and I always think they are stupid. Does comparing the John Adams administration to the Gerald Ford administration really make any sense whatsoever? There's no reasonable way to do it....or really a very good reason to do it.

There will be a lot of silence after that post..

It takes a while to find a Washington Times editorial on John Tyler

[Danzig]

Originally Posted by miraja2

I like the way that this post implies that you actually know something about about all the other presidents and at some point you decided....yep, Obama is now worse than James Buchanan or John Tyler, or Andrew Johnson....or whichever president you had last on your list before.
You don't like the guy. Fine. But this "worst president in our history" stuff is just nonsense. You are comparing him to people that I feel confident in guessing you don't know the first thing about.
Its not just you either. There are polls like this all the time and I always think they are stupid. Does comparing the John Adams administration to the Gerald Ford administration really make any sense whatsoever? There's no reasonable way to do it....or really a very good reason to do it.

andrew johnson was pretty bad, more recently i'd have to say carter. buchanan was a pathetic joke. then there's polk, who was suckered by santa anna in exile, helped him come back to mexico-which lead to the mexican/american war...

[randallscott35]

Originally Posted by miraja2

I like the way that this post implies that you actually know something about about all the other presidents and at some point you decided....yep, Obama is now worse than James Buchanan or John Tyler, or Andrew Johnson....or whichever president you had last on your list before.
You don't like the guy. Fine. But this "worst president in our history" stuff is just nonsense. You are comparing him to people that I feel confident in guessing you don't know the first thing about.
Its not just you either. There are polls like this all the time and I always think they are stupid. Does comparing the John Adams administration to the Gerald Ford administration really make any sense whatsoever? There's no reasonable way to do it....or really a very good reason to do it.

Apparently you don't have a clue what I do for a living. Yes, we've had plenty of criminals who were presidents. Again, what you miss is the current importance of the time we live in.

Originally Posted by miraja2

I like the way that this post implies that you actually know something about about all the other presidents and at some point you decided....yep, Obama is now worse than James Buchanan or John Tyler, or Andrew Johnson....or whichever president you had last on your list before.
You don't like the guy. Fine. But this "worst president in our history" stuff is just nonsense. You are comparing him to people that I feel confident in guessing you don't know the first thing about.
Its not just you either. There are polls like this all the time and I always think they are stupid. Does comparing the John Adams administration to the Gerald Ford administration really make any sense whatsoever? There's no reasonable way to do it....or really a very good reason to do it.

He's in the running for worst president. Deal with it.

[ateamstupid]

Originally Posted by Antitrust32

I'm probably less locked into any certain political ideology than anyone who posts in this whole section.

But I have pretty easily come to the conclusion that Obama is just 4 more years of GW Bush.

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

Its not the person who bought a 400k house and could only afford a 150k house fault, its the bank's fault for providing the loan

Zero personal responsibility in this overly spoiled country that I love.

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

[Antitrust32]

Originally Posted by ateamstupid

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

yeah the government and wallstreet collapsed the entire economy

as I said, nobody accepts any personal responsibility.

max out 10 credit cards and its the credit companys fault, right?

[ateamstupid]

Originally Posted by Antitrust32

yeah the government and wallstreet collapsed the entire economy

as I said, nobody accepts any personal responsibility.

max out 10 credit cards and its the credit companys fault, right?

You realize that banks aren't supposed to be able to take on that many terrible mortgages, right? That credit checks and income statements are supposed to be required before a mortgage can be given? And that lenders falsified borrowers' credit scores and signed people's names on other people's income statements specifically so that they could give out massive amounts of terrible loans and eventually pawn them off to bigger banks disguised as AAA securities? The notion that the symptom, people getting houses they couldn't afford, is not only comparable to, but worse than the disease, massive deregulation and intentional subversion of basic lending practices, is absolutely insane.

The idea that lenders can just give mortgages to anybody and they were simply taken advantage of by a bunch of lazy delinquents is hilariously naive.

You still didn't answer my question about why you think gas prices are high. EDIT: Nevermind, I just saw that it has to do with "the **** going on in the Middle East". The defense rests.

[Antitrust32]

Originally Posted by ateamstupid

You still didn't answer my question about why you think gas prices are high. EDIT: Nevermind, I just saw that it has to do with "the Middle East". The defense rests.

you're still a fucl<ing idiot. I'm pretty sure I said a bunch of times that gas prices are not high in America.

[Antitrust32]

Originally Posted by ateamstupid

I really can't believe that there are still people who buy this bullshit. I'm guessing you also believe oil prices are high because of SUVs, right?

just an FYI, gas prices are not high in America.

[randallscott35]

Originally Posted by Antitrust32

just an FYI, gas prices are not high in America.

B/c of low taxation on gas. You can't do an apples to apples comparison to Europe or anywhere else. And yes gas prices are indeed quite a bit higher than they were 10 or 5 years ago. And that has more to do with the devaluation of our currency than anything else.

[Antitrust32]

Originally Posted by randallscott35

B/c of low taxation on gas. You can't do an apples to apples comparison to Europe or anywhere else. And yes gas prices are indeed quite a bit higher than they were 10 or 5 years ago. And that has more to do with the devaluation of our currency than anything else.

most everything is more expensive now than 10 years ago, except laptops and flat screens. We are spoiled to expect $2 gas prices for a gallon. Gas is really not that high.... if we were pushing 6 dollars per gallon I'd agree that they were too high. I only spend $30 on gas per week as it is now.

[dalakhani]

Originally Posted by Antitrust32

I'm probably less locked into any certain political ideology than anyone who posts in this whole section.

But I have pretty easily come to the conclusion that Obama is just 4 more years of GW Bush.

and besides, the number one reason the economy collapsed is because the American people lived way outside their means. But nobody wants to take any personal responsibility, so it was Bushes fault.

Its not the person who bought a 400k house and could only afford a 150k house fault, its the bank's fault for providing the loan

Zero personal responsibility in this overly spoiled country that I love.

There is some truth to what you say. But...

How about the family that had no choice to buy a 400k house because the market inflated to a point where it was next to impossible to find a decent place for what they could afford? I am not saying that this was the case all of the time but there is certainly a large portion of the problem loans out there where this was indeed the case.

I think the bank does have a level of responsibility as does the borrower. The types of loans that were being pedaled were just irresponsible on so many levels especially the alt a and subprime that were pushed by the investment banks.

Mortgage rates are close to the lows of last year again and arm products are lower in many cases.

If investors want yield, they are going to have to lend money. Its as simple as that. That is why we are seeing Mbs and Cmbs offerings that we didn't see even last fall...and there is more to come.

Don't fight the fed Randall.