Impossible! The deficit is falling as well as unemployment Obama wrecking economy

ginwilly said:
So our dollar is holding up against other currencies that have enacted the same Keynesian methods. Shocking. It wasn't that long ago the dollar was worth more than the Euro. How about the looney? Canada is being pressured to devalue their money too in this present incarnation of currency wars. China, Japan and the US are operating on the basis that devaluing the currency makes our exports more appealing. Europe is trying to figure out what to do with the PIGS without bankrupting the entire union. What happens when the world gets off the dollar as the currency and we really do have to borrow money to print it?

Interest rates so low encourages borrowing, discourages savings. This is short term planning with long term ramifications.

The Fed is filling the pockets of the too big to fail crowd (which can be one and the same in many cases). Gold Mansacks is in charge of our economy right now.

What makes you think the stock market will go down? We can double it this year just by creating another 15trillion in gifts to the brokers.
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What is the devaluation you're referring to then, if not a major currency?
 
ChesusRice said:
So where is that rampant out of control inflation paultard?
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Everywhere you idiot!

Gas is increasing, food is increasing, housing is increasing and yet wages are maintaining at best, most decreasing. Spending is increasing, debt is increasing, and the value of the dollar is decreasing.
You tell me what part of that doesn't seem out of control. Basically you're a retard because you try to claim the middle and lower classes are fine (your above post), yet you constantly talk about the 1% getting richer and the bullshit about it.

e;
Anyone who argues that while printing new money into a system that has already reached its breaking point, either keeps the overall value the same, or increases it, are halfwits. What does that leave based upon simple deduction? At BEST, printing new money would keep the value the same and just add more currency, that does not happen.

Look! They even have a <100 IQ version on eHow for you guys that spells it out in 3 sentences
http://www.ehow.com/facts_6753793_printing-currency-devalue-dollar_.html
 
The dollar has been falling relative to other currencies, making buying imports more expensive in the U.S. On the other hand, it also means U.S. exports are more competitive around the world.
That shift could be good news for U.S. manufacturers, especially the auto industry.
"The weak dollar is good for manufacturers in the U.S., whether they're the Big Three or German or whatever, because they can export at an advantage," says Michelle Krebs, an analyst for Edmunds.com.
That advantage makes the U.S. a good place to manufacture goods, and that's after decades of manufacturing fleeing abroad.
http://www.npr.org/2011/08/14/139611423/weak-dollar-benefits-some-u-s-manufacturers
 
ChesusRice said:
No you have a problem
The economy is doing much better


House Majority Leader Eric Cantor (R-VA) is personally invested in a fund that
“aggressively ‘shorts’ long-term U.S. Treasury bonds, meaning that it performs
well when U.S. debt is undesirable.” Cantor owns up to $15,000 in the fund,
which is called the ProShares Trust Ultrashort 20+ Year Treasury ETF.
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$15,000? The way you talk, I would have thought he had millions in it. What does that $15,000 represent as a percentage of his total investments?
 
UncleBuck said:
what's sad is how angry you are that obama is reducing the deficit.
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Yes, he's a miracle worker alright. And to think, the DEBT will only go up another $3 trillion or so over the next couple years. Of course, that's the best case scenario and it assumes that ObamaCare won't cost trillions more than all the EXTREMELY ROSY predictions that have been used thus far.

It's time to Newt Gingrich this administration like they did to Clinton, refuse to raise the debt ceiling, force the President to act responsibly and adopt Conservative strategy, reap the benefits and then listen to Libs give HIM the credit for the next 30 years.
 
MuyLocoNC said:
Yes, he's a miracle worker alright. And to think, the DEBT will only go up another $3 trillion or so over the next couple years. Of course, that's the best case scenario and it assumes that ObamaCare won't cost trillions more than all the EXTREMELY ROSY predictions that have been used thus far.

It's time to Newt Gingrich this administration like they did to Clinton, refuse to raise the debt ceiling, force the President to act responsibly and adopt Conservative strategy, reap the benefits and then listen to Libs give HIM the credit for the next 30 years.
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A major problem with the economy at the time was the issue of the massive deficit and the problem of government spending. In order to address these issues, in August 1993, Clinton signed the Omnibus Budget Reconciliation Act of 1993 which passed Congress without a single Republican vote. It raised taxes on the wealthiest 1.2% of taxpayers, while cutting taxes on 15 million low-income families and making tax cuts available to 90% of small businesses.[SUP][42][/SUP] Additionally, it mandated that the budget be balanced over a number of years and the deficit be reduced.[SUP][43][/SUP] This was to be achieved through the implementation of spending restraints.

 
MuyLocoNC said:
It's time to Newt Gingrich this administration like they did to Clinton, refuse to raise the debt ceiling, force the President to act responsibly and adopt Conservative strategy, reap the benefits and then listen to Libs give HIM the credit for the next 30 years.
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maybe if you guys did that when there was a republican in the oval office, you guys wouldn't be regarded as such hypocritical retards.

alas, you guys made your own beds, you get to lie in your own feces now.
 
ChesusRice said:
The dollar has been falling relative to other currencies, making buying imports more expensive in the U.S. On the other hand, it also means U.S. exports are more competitive around the world.
That shift could be good news for U.S. manufacturers, especially the auto industry.
"The weak dollar is good for manufacturers in the U.S., whether they're the Big Three or German or whatever, because they can export at an advantage," says Michelle Krebs, an analyst for Edmunds.com.
That advantage makes the U.S. a good place to manufacture goods, and that's after decades of manufacturing fleeing abroad.
http://www.npr.org/2011/08/14/139611423/weak-dollar-benefits-some-u-s-manufacturers
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You posted a link from 2 years ago. So you think exchange rates are the same as in august of 2011? LOL. Another fail for chesus.
 
ChesusRice said:
I already did
Now tell me how things are different 2 years later
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Since your incapable of even doing research yourself other than a quick google search ill help you out.

In august of 2011:
USD/JPY was at 76. It is now at 101. A sharp increase for the dollar.
EUR/USD was at 1.45. It is now at 1.29. A big increase for the dollar
AUD/USD was at 1.09. It is now at 1. A relatively big move up in USD in a low volatility pair
GBP/USD was at 1.65 and is now at 1.53. A small increase for the dollar

In all cases the dollar has strengthened against other major currency's. And I speculate will continue to strengthen.

Try getting your facts straight. It'll help you gain some sort of credibility.
 
Also not to mention the sharp increase of dollars to yen is especially detrimental seeing as japan is our 4th largest trading partner.
 
ChesusRice said:
A major problem with the economy at the time was the issue of the massive deficit and the problem of government spending. In order to address these issues, in August 1993, Clinton signed the Omnibus Budget Reconciliation Act of 1993 which passed Congress without a single Republican vote. It raised taxes on the wealthiest 1.2% of taxpayers, while cutting taxes on 15 million low-income families and making tax cuts available to 90% of small businesses.[SUP][42][/SUP] Additionally, it mandated that the budget be balanced over a number of years and the deficit be reduced.[SUP][43][/SUP] This was to be achieved through the implementation of spending restraints.
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That's an awesome C&P job. One small problem. Everything that turned the economy around occurred AFTER the '94 elections. You might remember that if you were older than 12 at the time. You see, little Timmy, the Dems got trounced in '94, the Republicans forced Clinton to adopt THEIR policies with government shutdowns in '95-'96. He FAMOUSLY caved and has taken credit for that which he attempted to block. Going on 30 years of false credit for him. Which is sweet work if you can get it.

So, you see, your little blurb from '93 is a bit off the mark. Maybe if you actually knew something about which you are arguing, you wouldn't post the first article you come across that you think has bearing.
 
UncleBuck said:
not a single thing you just said was true. i mean, what are the odds that a decades in the making conspiracy involving thousands of scientists in hundreds of nations was only recently uncovered by the least intelligent subset of americans listening to rush limbaugh? :lol: that's about as likely as a 10 point romney lead in early september.
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Yeah, global warming caused by man ended up as global cooling. So now it's global climate change caused by man. Funny how reality intrudes.
 
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