what is THIS VITRIOLIC AND VENOMOUS hatred of President Obama
President Obama has been the subject of blatant and hostile disrespect. To so many people, President Obama seems to do nothing right.....well, at least in THEIR eyes. It seems that President Obama has been the MOST DISRESPECTED president thus far. We may disagree with the President's policies but to consistently attack and demoralize his capabilities and character is going A BIT TOO FAR. Never have the presidential office been so flagrantly disrespected as it is currently. President Obama is remedying the socioeconomic fiasco that was created by the previous president, George W. Bush. President Obama may have made some errors but so did every president. Let's discuss this.
Here are the links...........
http://youtu.be/4SXiEbRuFxw
http://youtu.be/8hUe2wMxT_A
http://youtu.be/kuSiz4IDveU- Beth37posted 10 years ago
0 Hello Max. Nice of you to post a comment.
I think it is really pathetic that some people consider themselves qualified to criticize the President of the United States when they actually know so little about what has been going on during his 4-1/2 years in office.
Some of the least informed, Max, actually claim that President Obama delivered nothing to be proud of or nothing worth remembering. Their lack of knowledge prevents them from understanding that the economy in the US has been steadily improving during the last four years. Therefore, Max, the next time you meet someone who claims the Obama presidency is a failure, you just tell that person...
… President Barack Obama guided the country out of the worst economic meltdown since the Great Depression;
…The DJIA and the S&P 500 reached new historical highs on Aug. 1, 2013; The Dow rose from 6627 in Mar. 2009 to 15247 in Aug 2013; {1}
… US Unemployment rate has declined steadily from 10.0% in Oct 2009, from 9.0 % in Feb. 2011, from 8.1 % Apr. 2012, to 7.4% in Jul. 2013; July’s 7.4% is the lowest since Jan. 2009; {2}
… US Total YTD Domestic Car Sales (excluding imports) increased 10.1% over the same 7 months in 2012; {3}
GM, Ford, Chrysler Group, and Toyota, the nation's four largest automakers, had their best July since before the 2007 recession;
… New Privately Owned Housing Units Started in the United States during the first quarter of 2013 was greater than the same quarters in 2010, 2011, 2012 by 19% or more; {4}
… New Home Sales surged 8.3 percent in June 2013, the highest in five years, bringing the year to date percentage change to 28.4 % over 2012; {5}
… Retail Trade and Food Services: U.S. Total - Seasonally Adjusted - Sales reported in May 2013 exceeded every month going back to Jan. 2009; {6}
… After the disastrous housing bubble burst several years ago, resale values of homes in most housing markets have returned to near or above their long-run values. {7}
Obviously, Max, those who claim President Obama is inadequate have simply not been paying attention.
{1} http://www.djaverages.com/
{2} http://data.bls.gov/timeseries/LNS14000000
{3} http://wap.wsj.com/mdc/public/page/2_30 … autosalesE
{4} http://www.census.gov/construction/nrc/ … etions.pdf
{5} http://www.census.gov/construction/nrs/ … ssales.pdf
{6} http://www.census.gov/econ/currentdata/ … t=GET+DATA
{7} http://www.economist.com/blogs/graphicd … use-pricesGreat to see you, Retief. I appreciate your making the time to address the contents of my post. A little quibbling among friends means nothing.
Since you only “quibble” over one of my sited facts, I can relax knowing that you agree that the US economy today is evidence of a meaningful and steady improvement during President Obama’s tenure. After all, that was my one and only point. The country should give the President credit for this recovery, whether deserved or not, according to the entrenched political axiom, “Anyone in a position to take the blame when things go wrong is entitled to take the credit when things go right.”
Allow me in interject one interesting, yet irrelevant, sidebar. Ben Bernanke is considered by some to be the Dr. Frankenstein who created quantitative easing making him a prominent Republican target. Never the less, he is in fact a Republican appointed by President George W. Bush. Even candidate Mitt Romney, after supporting him in 2010, flip-flopped and promised to jettison Mr. Bernanke when elected. However, anyone who has owned stocks or bonds in the past few years should be both elated and grateful that Mr. Romney never had the opportunity.
Now, you question whether current stock market prices are a reliable indicator that the US economy has improved. In your words, “the Federal Reserve is pumping $85 billion into the stock market each month and has, thus far, kept the taps open for over 4 years. This has created a false market and a new bubble of monumental proportions. Time is not on our side.”
There is no doubt that QE has led to higher stock values, but a “bubble of monumental proportions?” Wow! Is that just your personal opinion or can you site a recognized authority?
The DJIA and the S&P 500 are at all time highs because the companies in those indexes are making profits like never before. The Wall Street Journal, for example, published this caption on August 18, 2013: “Shares trade in less correlation than at any time since financial crisis.” {1}
What does "less correlation" mean? (I am so glad that you asked, Retief!)
Time Magazine explains, “the market is returning to a more normal state of low correlation. In other words, stocks are beginning to rise and fall on their own merits.” {2}
Finally, the notion that the Fed is recklessly printing money is a myth. Reuters recently focused on the long term effects of QE on the Fed by noting, “some economists fear that, as interest rates begin to move higher, the Fed will suffer a ‘loss’ on its portfolio, meaning its operating expenses exceed the return on its holdings… A Fed ‘loss’ would not be particularly meaningful in an economic sense. Central bank officials would simply defer payments to Treasury into future years.” {3}
QE has not brought doom and financial catastrophe to our door. Only skeptics describe this policy as “pumping $85 billion into the stock market each month.” The Fed purchases government debt and mortgage-backed securities by exchanging reserves for assets. Connecting a stock market rise to quantitative easing is impossible because there are too many variables in addition to QE that effect stock prices.
So, how exactly does QE affect the stock market? (Another great question!)
The Fed’s QE policy has succeeded in artificially forcing lower interest rates, driving up bond prices, and boosting home prices. Psychologically, it instilled confidence that encouraged corporate borrowing that, in turn, fueled expansion and, to some degree, created jobs. Cheaper money lowered corporate expenses, led to higher sales, larger profits, greater appeal to investors that ultimately resulted in higher stock prices. Higher investment portfolio values meant greater consumer confidence and spending. With time, the economic engine will chug along under its own steam and the Fed’s QE policies can be gradually reversed. {4}
In the final analysis, Retief, the QE policy at the Fed has had a positive impact on the broad economy. Financial markets, by nearly all measures, are stronger than in 2009. The stock market is but one indicator reflecting that renewal; the country’s GDP is another. President Obama signed The American Recovery and Reinvestment Act of 2009 during his first month in office. The CBO reports that GDP rose every year since 2009 performing between 0.1 and 0.6 percent better than it would have without the Recovery Act. {5}
There are many, Retief, who claim Barack Obama is totally inept and a failure as President for reasons that seem valid to them. However, there are others who know where our economy was, who know how far it has come, and who have good reasons to applaud the President.
{1} http://online.wsj.com/article/SB1000142 … 21238.html
{2} http://business.time.com/2013/08/21/tap … -stimulus/
{3} http://blogs.reuters.com/macroscope/201 … nd-losses/
{4} http://www.forbes.com/sites/ycharts/201 … ck-market/
{5} http://www.cbpp.org/cms/index.cfm?fa=view&id=3252Have to respect an intelligent and logical person who comes to the discussion presenting verifiable facts. Quill, you are a person to be RESPECTED above ALL.
My dear, Mz. Williamsss. Isz so habby use is sooo happy. I thenk.
I thenk I did. Maybe.
This was very heartfelt and sincere, I have nothing but the utmost admiration and respect for you, Quilligrapher.
I know it was heartfelt and sincere, Grace. I am extremely flattered by your wonderful accolades and I thank you for posting them.
As for poking fun at myself at 2:00 a.m., it failed badly. I should have just said "thank you very much!" and gone to sleep.
- HowardBThinameposted 10 years ago0
Oh Brother!
You're right John, the U.K. is much, much worse:
How many household names are British?: You are joking right? Of the top 5 most common surnames in the US (Smith, Johnson, Williams, Jones, and Brown), all are of British origin. According to the 2010 Census, roughly 13% of the population in the U.S. is of British decent.
How many British equivalents of Starbucks or McDonalds?: Not many, the British companies in the US are much larger, and some would argue, more destructive. Huge drug companies like AstraZeneca and GlaxoSmithKline, and what is it that "B" stands for in BP? Oh that's right: "British"; great job you guys did in the Gulf by the way.
You go to the cinema, how many British films are shown?: Hmmm, where was it all of the Star Wars movies were made? How about Harry Potter, or James Bond?
A night in watching TV? How many British programmes?: You're right, there aren't many British shows on American Television... unless of course you count: Whose Line Is It Anyway, Dancing with the Stars, The Office, Mistresses, House of Cards, American Idol, Top Gear , The X Factor, Who Wants to Be a Millionaire, Shameless, Kitchen Nightmares, America's Got Talent, Celebrity Fit Club, Hell's Kitchen, Undercover Boss, and the entire BBC America network.Nice Inception style comment.
Your failure to spin my point notwithstanding, I stand by my position that you'd be a top notch troll on Reddit.
- TXSasquatchposted 10 years ago0
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