what constitutes growth in our economy?

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  1. freddykrueger profile image59
    freddykruegerposted 13 years ago

    Is it like bush losing 750,000 jobs a month or creating 290,000 jobs a month under obama.I understand it's taking a long time but nothing comes fast it all takes time.I remember during the campaign everyone said we needed a change yet now they disagree.It was the measures this president took that is slowly leading to a better economy.The GOP talks about fiscal conservatism yet the surplus they we're handed when bush came to the white house was now a debt when obama arrive.Folks you cannot stimulate the economy without spending any money. Well i will let you be the judge.

  2. JON EWALL profile image61
    JON EWALLposted 13 years ago

    It's all about Barack Obama, the present, the past and '' let me be clear ''.
    It's been very quiet since the healthcare reform bill was passed. The press is keeping the problems in the background except for the big companies complaining about the cost.

    The jobs for the private sector, nowhere in sight after 17 months. Unemployment went up to 9.9% from 9.7%. President Obama said we are coming out of the recession ( the one he says he inherited with a democrat controlled congress 2007,2008,2009 and now 2010 ).
    Check out my old hub
    Let us look back to what candidate Obama pledged to the American people if elected. President Barak Obama pledged:

    1.To bring back the jobs lost in 2007 and 2008. In 2009 the nations
    unemployment went from 7% in 2008 to 10%( in some areas
    17% ). Obama’s administration bailed out the auto industry,
    banking industry, saved the union workforce and even helped the
    unions get ownership in the companies by forcing the creditors to
    lose their financial investments in the companies. The Obama
    administration has increased the size of government by 10%, added
    more union jobs and commissions. Government unemployment
    stands at 3% and government employees and congress did get a raise.
    in 2009 while the deficit increased.

    2.To fix the economic problems by passing the $787 billion Tarp
    bill (congress passed the bill without reading or debating the bill
    as required by constitutional rules.), promised that unemployment
    would not exceed 8% and shovel ready jobs were available to jump
    start the economy. As of today approximately 60% of Tarp has not
    been spent and unemployment remains at 10%. Recently the CBO
    projected Tarp will need $85 billion more added to the $787 billion
    bill. One should note that all of the above is borrowed money adding
    to the nations skyrocketing debt.

    3.To have fiscal responsibility and control spending, Barak Obama
    promised to go line for line and strike out pork in the Tarp bill. The
    president signed the Tarp bill without cutting any pork out of the bill.
    On wed.1/27/10 in the state of the union speech Obama stated he
    would put a freeze on spending. Congress on 1/29/10 passed
    legislation to raise the national debt by another $1.9 billion, the
    second increase in 60 days, raising the debt ceiling to$14.5 trillion.

    4.To rid Washington of lobbyist and special interest groups. Presently
    in his administration Barak Obama has at least 30 lobbyist, some
    appointments are know as czars. Obama has been meeting with
    union officials ( special interest )at the white house on a regular basis.

    5.To surround himself with experienced and capable people, like tax
    cheaters, Marxist, communist and socialist. known as czars. These
    employees were not background investigated as required by the FBI.
    The question remains as to why the procedure was exempted. .

    6.To have an open transparent government and to allow C-Span to
    televise the debates and congressional meetings. Folks it didn’t
    happen, C-Span was denied access (that is called censorship.) The
    president and the democrats met behind closed doors denying the
    minority party’s participation in the negotiations. By the way the
    minority party was elected by the people to represent the people.
    Essentially the people were locked out and ignored.

    7 To close gitmo last year. The president sent some prisoners to
    Bermuda, a terrific propaganda move. More could be said but for now
    a continuing story to be told. Gitmo is still open.

    8.To end the Iraq and Afghanistan wars, the president and his advisers
    are talking in the whitehouse. To be continued .

    9.To give 95% of the people a tax break and not to tax anyone below
    $250,000, by the way according to some officials the ceiling has
    dropped down to $100,000 with a possibility to $85,000 due to lack of
    money coming into the treasury.
    Check this out, president Obama and congress will tax the rich.
    If 2 or 3% are the rich and they pay 50% of federal taxes, according to
    Obama 50% of the nation don’t pay federal taxes, I wonder who will be
    paying the taxes. ( the middle class )?FUZZY MATH?

    10.To not allow no bid contracts in his administration. A major news
    source reported that Obama approved a $25 million no bid contract to a
    donor of his campaign. The contract recently was cancelled after being
    exposed by the media..

    11. To reduce the deficit by 50% in his first term. The fact is that the
    Obama administration has triple the deficit in his first year in office.
    The proposed budget for 2011($3.85 trillion )given to congress will
    be the largest ever in our history if passed by congress.
    The above information you will not see in the bias press or reported
    on ABC,CBS, NBC, CNN, MSNBC, or other liberal news medias.
    Watch C-Span or Fox News, they report and broadcast the actual
    uncensored news

    The presidents rating is ‘’F’’ in his first year ?
    not even close to keeping his campaign promises.

    What happened to pay go?

    1. profile image51
      paarsurreyposted 13 years agoin reply to this

      Hi friend

      But is not the health care important?


    2. freddykrueger profile image59
      freddykruegerposted 13 years agoin reply to this

      czars we're actually there from before obama was president you need to get your facts straight .It might have been democratic controlled but for only two years what about the unpaid wars and the tax cuts on the rich that we're also unpaid . It is stuff like that ,that put us in the recession now obama because of his legislation is slowly getting us out the hole conservatives put us in.

    3. freddykrueger profile image59
      freddykruegerposted 13 years agoin reply to this

      mr. wall you need to go to media matters because your distorted facts are coming from propaganda network you call fox.I have read your reply and everything is straight out of idiots like hannity and o'reilly who want obama to fail.Let me say this obama has not tripled the debt check your numbers sir.check out the fox news section of mediamatters.org it will be very informative.

  3. MikeNV profile image69
    MikeNVposted 13 years ago

    Once again Jon is the voice of reason and intellect.

    Some people... and I'm not going to call anyone out here... simply live in a pretend World where they view what they want to be true, not what is actually true.

    To say Obama has created jobs is like saying that if I piss in a cup and drink it I have created food.

    It's truly laughable.

    I don't see any Mensa Applications heading to a certain individuals mailbox any time soon.

    Does anyone who talks about the "Economy" have any clue at all how the Federal Reserve controls and manipulates the money supply?

    This whole thread is laughable.

    Gee lets blame George Bush some more.  He's the reason everything is bad.  The World was perfect before George Bush.  No National Debt.  Aids didn't exist.  No War.  We all lived in the Garden of Eden.

    Obama the second coming of Christ.


    1. freddykrueger profile image59
      freddykruegerposted 13 years agoin reply to this

      well i see that you yourself are delusional in that obama has not created jobs.As for bush he came to the white house with a surplus if you would research that you would find it to be true. Aids did exist before him and there was war but like any intelligent president they did not go to war for personal reasons but lie to the whole country.

      1. MikeNV profile image69
        MikeNVposted 13 years agoin reply to this

        You are so completely clueless.

        There is a difference between a budget surplus and national debt.  Surplus is IMAGINARY.  Anyone can create a budget surplus.  You simply ask congress for more money than you will spend.  This does NOT decrease the National Debt.

        You can have a budget surplus and still increase the National Debt.

        Why morons are still hammering away on Bush is laughable.

        Read what Jon wrote again... then again... and again.

        The TRUTH is ugly, but it's still the truth.

        You really shouldn't drive in your condition. And if you want to take personal shots at me... go ahead.  But it just points out your ignorance at an alarming level.

        1. Cagsil profile image72
          Cagsilposted 13 years agoin reply to this

          Are you out of your mind?

          The National Debt is the money owed by America and it's citizens.

          Budget Surplus is the money that America and it's citizens have in excess.

          Thus, it is not imaginary. Very much REAL and in no supply, because of the National Debt $12 Trillion+

          I hoped I cleared that up for you. But, either way, at present there is no budget surplus and any government official claiming that there is is a liar.

          1. Doug Hughes profile image61
            Doug Hughesposted 13 years agoin reply to this

            Thanks Cagsil.

            For anyone still confused by the verbal shell game Mike played, consult factcheck.org -

            http://www.factcheck.org/askfactcheck/d … deral.html

            Because I don't make this stuff up.

            1. JON EWALL profile image61
              JON EWALLposted 13 years agoin reply to this

              Analysis of the President's 2011 Budget

              About CBO's Analysis

              Each year CBO estimates the budgetary impact of the proposals in the President's budget using the same economic assumptions and estimating techniques that the agency uses to produce all of its analyses and cost estimates. Because CBO's economic forecast and estimating techniques differ from those of the Administration, that "reestimate" of the President's budget produces estimates of federal revenues, spending, deficits, and debt that differ from those presented in the budget itself.

              This report compares CBO's projections with those of the Administration and with the benchmark figures in CBO's baseline, which shows the budgetary outlook if current laws and policies remained unchanged. CBO's use of a consistent methodology for all of these analyses and estimates allows direct comparisons between the Administration's proposals and other options that are considered by the Congress during the legislative process.
              An Analysis of the President's Budgetary Proposals for Fiscal Year 2011
              March 2010

              Read the analysis: Full ReportPDF

              Preliminary Analysis of the President's Budget Request for 2011
              March 5, 2010
              Letter to the Honorable Daniel K. Inouye

              Read the analysis: Full ReportPDF

              From the Director

              This afternoon CBO released a report presenting its analysis of the budgetary proposals contained in the President's budget request for fiscal year 2011. This report provides more detail than the preliminary analysis that CBO released on March 5, which was discussed in a blog entry that same day. Our latest analysis differs slightly from the earlier one because it incorporates the impact of some legislation that has recently been enacted and also addresses the potential effects on the economy of the President's budgetary proposals and the impact of those economic effects on the federal budget.
              Read the full blog post >

              Additional Info

              Budget Projections
              Economic Projections

          2. profile image0
            LegendaryHeroposted 13 years agoin reply to this

            I may have misread this but...

            I think MikeNV was saying not that it was truly imaginary/non-existant but that because of our national debt the government will never truly have a surplus, because no matter what budget surplus you have, you still owe money.

  4. alexandriaruthk profile image62
    alexandriaruthkposted 13 years ago

    debt will always be there, even if the economy is improving, the interdependence of nations compel them to have loans.

  5. Cagsil profile image72
    Cagsilposted 13 years ago

    You're welcome Doug.

  6. TMMason profile image59
    TMMasonposted 13 years ago

    Nothing that has happened thus far.

    1. Rod Marsden profile image67
      Rod Marsdenposted 13 years agoin reply to this

      I guess to ordinary people such as myself having a job with a decent salary and being able to pay off a mortgage are signs of growth I can recognize and understand in the economy. A great many people I can imagine would feel the same way.

      1. TMMason profile image59
        TMMasonposted 13 years agoin reply to this


        I know.

        The lil people again.

        I am so out of sync with them.

        I should start watching ABC I guess.

        So as to be in sync with the lil people.


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