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business politics world economy economics corporations economy stock market recession government geopolitics

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1929 replies to this topic

#21
jjf3

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This was planned a long time ago! The stupid petty fights in politics is just a cover!!!! I really think this could be a horrible economic collapse in the making!
"Did you really expect some utopian fantasy to rise from the ashes?" Thomas Zarek-- Battlestar Galactica.

#22
Craven

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This is what you get for not learning from mistakes. Last financial crysis taught them nothing.
"I walk alone and do no evil, having only a few wishes, just like an elephant in the forest."

"Laugh, and the world laughs with you. Weep, and you weep alone."

#23
jjf3

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Same as 1929-31. Can you all see the resemblence?
"Did you really expect some utopian fantasy to rise from the ashes?" Thomas Zarek-- Battlestar Galactica.

#24
Prolite

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The deregulation process started in the early 1980's with Reagon. It continued onto the Bush years, then to Clinton, and finally to Bush for the last slam dunk. And now our current President has to scoop the doggy poo off the damn fiscal road.
I'm a business man, that's all you need to know about me.

#25
jjf3

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AA+ rating!!! Oh what Oh what will Wall Street do on Monday???
"Did you really expect some utopian fantasy to rise from the ashes?" Thomas Zarek-- Battlestar Galactica.

#26
wjfox

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Well done to the GOP. Brilliant strategy there! Congratulations on totally screwing the global economy for decades to come.


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#27
jjf3

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As you all know I think blaming one party is a bit harsh and unrealistic. Tax cuts for the rich were bad yes, but worthless govt programs that we don't need giving away free money to the poor etc... Is all democratic thinking and wasteful spending does not help get is out of debt!!! secondly, If you guys wanted tax increases for the rich you could have fought harder for them in this debt deal. That shows poor leadership in my opinion and shows which party truly stands by its own beliefs
"Did you really expect some utopian fantasy to rise from the ashes?" Thomas Zarek-- Battlestar Galactica.

#28
wjfox

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secondly, If you guys wanted tax increases for the rich you could have fought harder for them in this debt deal. That shows poor leadership in my opinion and shows which party truly stands by its own beliefs

The Republicans refused to budge an inch on the issue. What was Obama supposed to do?

#29
Prolite

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secondly, If you guys wanted tax increases for the rich you could have fought harder for them in this debt deal. That shows poor leadership in my opinion and shows which party truly stands by its own beliefs

The Republicans refused to budge an inch on the issue. What was Obama supposed to do?


wjfox, Obama should have enacted Section 4 of the 14th amendment, just as Bill Clinton advised him to do. Obama needs to heed to advice more often.
http://en.wikipedia...._of_public_debt
"The validity of the public debt shall not be questioned."

Here's the point in case:
http://blogs.forbes....the-debt-limit/
I'm a business man, that's all you need to know about me.

#30
jjf3

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Exactly he had other options, but instead he urged the ppl to scream at Congress via the internet, threaten to take away SSC, and never even revealed HIS plan to us = poor leadership!!! But the S&P did not take into account the recent debt ceiling debacle BC this was blown way out of porportion by both sides not just Republicans This was coming anyway. The debt ceiling has been raised many many times and both parties took advantage of the political arena-- Republicans won this one
"Did you really expect some utopian fantasy to rise from the ashes?" Thomas Zarek-- Battlestar Galactica.

#31
Prolite

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Not only did the Tea Party hold the economy hostage against our country (which is communism since they threatened to destroy our economy with their votes), but the S&P is now getting in on this. Now they're threatening to downgrade the AA+ rating even more. Really!? Weren't they the same a-holes who took down our economy in the first place by giving AAA ratings to bad loans and mortgages? And of course if you're a Republican, any regulation of the marketplace is considered "bad" and a "job killer". You know what's a job killer? DEREGULATION.
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I'm a business man, that's all you need to know about me.

#32
GNR Rvolution

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This was coming anyway. The debt ceiling has been raised many many times and both parties took advantage of the political arena-- Republicans won this one


Unfortunately that's the problem right there, playing the game is costing the US and the rest of the world dearly. Nobody won anything, everyone looked foolish and the world is a worse place :(
All right, brain. You don't like me and I don't like you, but let's just do this and I can get back to killing you with beer.

#33
jjf3

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They had to do something BC the opposite side didn't do anything! Otherwise the country would've defaulted. So yes, they took it hostage from the poor decisions and poor leadership of the dems. Where was Obama's plan? Why did he cave? Fact is you can't fix the economy by only raising taxes and only cutting spending, however the people who we owe debt to mainly wanted us to cut 4 trillion from the budget not only 2+ trillion.
"Did you really expect some utopian fantasy to rise from the ashes?" Thomas Zarek-- Battlestar Galactica.

#34
truthiness

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secondly, If you guys wanted tax increases for the rich you could have fought harder for them in this debt deal. That shows poor leadership in my opinion and shows which party truly stands by its own beliefs

The Republicans refused to budge an inch on the issue. What was Obama supposed to do?


wjfox, Obama should have enacted Section 4 of the 14th amendment, just as Bill Clinton advised him to do. Obama needs to heed to advice more often.
http://en.wikipedia...._of_public_debt
"The validity of the public debt shall not be questioned."

Here's the point in case:
http://blogs.forbes....the-debt-limit/


And if Obama had done this, the Repubs would have screamed that the president was abusing the 14th amendment to make a power play against the Congress. Obama would have claimed (rightly, I think) that he was doing what he needed to do to keep our government and the world's economy functioning. They'd proceed to impeach him, as they did with Clinton, though I doubt they'd succeed in actually removing him from office. The Republicans want only to crush him, regardless of any consequences. To that end, they will make sure that nothing positive will come out of the US government until after the next election, or the election after that. Whatever it takes. Until we get a third party put together, it'll be the same story for a good long while because if the situation should be reversed in say, 2014, with a Republican president and a Democratic house, they'll remember 2010 and 2011 and it'll be payback time. No one will win in this scenario.

Obama was damned if he did, and damned if he didn't.
You may say I'm a dreamer, but I'm not the only one
I hope someday you'll join us, and the world will be as one

#35
wjfox

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No doubt people will call this "doom mongering", but I don't care. This guy talks a lot of sense.

http://www.marketwat...23?pagenumber=1

2012 is probably too pessimistic, but I have no doubt there's a crash coming at some point. Whether it's 2015, 2020 or 2050, it will happen eventually.

Our current monetary system and way of life is completely unsustainable. Fact.

#36
Azevo

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I just saw you post it on your twitter feed. As soon I saw the name 'Paul Gilding' mentioned in that article, it reminded me of a quaint book he wrote called 'The Great Disruption', not to be confused with Francis Fukuyamas 'The Great Disruption: Human Nature and the Reconstitution of Social Order', thought from what I have been told they both touch the same thought in essence. though in the article a rather cute thing was said by Paul, "Our planet’s natural resources can reasonably support about 5 billion people. That’s a fact." Not so sure one can claim this, I have heard/read many numbers pulled from the asses of many theorists over the years and I highly doubt anyone knows for sure. I think baby steps need to be taken, it is wiser to say that the management of earths resources is unsustainable. In the end it does not matter, there will always be some looming disaster waiting to obliterate humanity.. this is just another one.

#37
Craven

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If only population was the problem. Problem is in way we do stuff, not how many of us are there. But point is true - we deny anything untill it's too late.
"I walk alone and do no evil, having only a few wishes, just like an elephant in the forest."

"Laugh, and the world laughs with you. Weep, and you weep alone."

#38
Time_Traveller

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Any shake-up of British banks may not come into force for several years, government sources have indicated.


From http://www.bbc.co.uk/news/uk-14726568

I think it needs to be done now not 2015.
I want to go ahead of Father Time with a scythe of my own.

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#39
wjfox

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Clearly it's time we gave some massive tax cuts to the rich. Oh, and let's cancel everybody's healthcare too. We don't want to become a socialist nation, do we, because that would mean higher levels of poverty! Oh wait...

http://www.guardian....els-record-high

#40
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