Why Obamanomics is working

#1
VolInMn

VolInMn

Vol Football Evangelist
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#1
The Standard & Poor's 500-stock index is up more than 74% from its recessionary low in March 2009. Corporate bonds have been rallying for a year. Commodity prices have surged. International currency markets have been bullish on the dollar for months, raising it by almost 10% since Nov. 25 against a basket of six major currencies. Housing prices have stabilized. Mortgage rates are low.

Why the Obama Plan Is Working - BusinessWeek


Let the gnashing of teeth begin.
 
#2
#2
Wow, a post supporting Obama has made it 5 minutes without someone bashing it.

That has to be a record.
 
#5
#5
VolInMn said:
The Standard & Poor's 500-stock index is up more than 74% from its recessionary low in March 2009. Corporate bonds have been rallying for a year. Commodity prices have surged. International currency markets have been bullish on the dollar for months, raising it by almost 10% since Nov. 25 against a basket of six major currencies. Housing prices have stabilized. Mortgage rates are low.

Why the Obama Plan Is Working - BusinessWeek



Let the gnashing of teeth begin.
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Anyone who associates current economic growth solely to policies of the current administration is naive. Now, I certainly think the stimulus helped (although I think a significant portion of it was wasted on BS pork), but let's not assume the current increase in economic indicators can be attributed solely to our president's policies. I've always been baffled as to why presidents get all the praise when economies do well and all the blame when they don't? Has the entire world slept through Econ 101? Economies are cyclical. Much of the turnaround can be attributed to forces beyond any one particular person's control.
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#6
#6
Makes a man wonder why his approval rating has dropped to all new lows under this economic boom.

Two out of three people say the economy is worse now? That can't be right.
 
#7
#7
BeecherVol said:
Makes a man wonder why his approval rating has dropped to all new lows under this economic boom.

Two out of three people say the economy is worse now? That can't be right.
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Public perception always lags. It is hard to deny that we are starting to see some signs of recovery. It will be interesting to see whether increasing oil prices stagnate current gains.
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#11
#11
If I borrow 1.2 trillion dollars from an economic rival, I can show some pretty good economic news for a little while.

Eventually, China is going to want to collect.
 
#12
#12
POOP:

"Prisoners Of Obama's Policies"

Lincoln; Saved the Union and Freed the Slaves.

Obama; Put in Office By The Unions and Enslaved The Free.

The only thing transparent about the Obama administration is it's socialist agenda.

obama_odinga.jpg


Obama in 2007 in Kenya campaigning for Raila Odinga who was educated in marxism in communist East Germany and whose father, OO was convicted of attempting to overthrow the Kenyan government.

Obama teamed with the son of Moammar Ghadaffi to be the top two fincancial contributors to the Odinga campaign.

Raila Odinga who was allied with muslims who rioted after he lost, killing tens of thousands, burning hundreds of churches, some with the people inside (while not one mosque was harmed) and making refugees of hundreds of thousands, using that rioting to strong arm his way the the prime ministership of Kenya.

Is that the kind of man you really want to support VolinMn?


"Under my plan of a cap and trade system electricity rates would necessarily skyrocket" -- Barack H. Obama

The "O" in Obama is for overrated!!
 
#13
#13
zach0105 said:
Wow, a post supporting Obama has made it 5 minutes without someone bashing it.

That has to be a record.
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Markets have rebounded in spite of obama policies, not because of them.

The only thing Obama can Stimulate is Chris Matthews.

paul1454 said:
Anyone who associates current economic growth solely to policies of the current administration is naive. Now, I certainly think the stimulus helped (although I think a significant portion of it was wasted on BS pork), but let's not assume the current increase in economic indicators can be attributed solely to our president's policies. I've always been baffled as to why presidents get all the praise when economies do well and all the blame when they don't? Has the entire world slept through Econ 101? Economies are cyclical. Much of the turnaround can be attributed to forces beyond any one particular person's control.
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With Bush basher deranged, slobbering Obama lovers, facts aren't allowed in the conversation.

orangeblooded2 said:
Nothing but praise here. Knew it would work.......
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Barack Orwell:
"I'm going to cut your taxes by increasing them."

"Under my plan, no family making less than $250,000 a year will see any form of tax increase."
--Moderate Democrat Candidate BHO making promises Socialist President BHO can't keep, not by a long shot.
 
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#14
#14
Obamanomics??????????????? I thank him every day for the furlough days that I have to take. I had to take 5 before Christmas and 3 before May. Its working well down here where real people live. After my wifes plant closed where she was a superviser for 28 years, it took her 362 days to find a part time job. All the numbers may look good in the books, but they don't translate very well to main street.

There really is nashing of teeth.
 
#15
#15
Companies are teetering on the edge of going out of business. There are still more jobs being lost than jobs being created. In my industry, businesses are still take working for 30% below cost and there is absolutely no private sector money being spent. This economy hasn't started turning around yet. It might be at a plateau.
 
#17
#17
gsvol said:
POOP:

"Prisoners Of Obama's Policies"

Lincoln; Saved the Union and Freed the Slaves.

Obama; Put in Office By The Unions and Enslaved The Free.

The only thing transparent about the Obama administration is it's socialist agenda.

obama_odinga.jpg


Obama in 2007 in Kenya campaigning for Raila Odinga who was educated in marxism in communist East Germany and whose father, OO was convicted of attempting to overthrow the Kenyan government.

Obama teamed with the son of Moammar Ghadaffi to be the top two fincancial contributors to the Odinga campaign.

Raila Odinga who was allied with muslims who rioted after he lost, killing tens of thousands, burning hundreds of churches, some with the people inside (while not one mosque was harmed) and making refugees of hundreds of thousands, using that rioting to strong arm his way the the prime ministership of Kenya.

Is that the kind of man you really want to support VolinMn?


"Under my plan of a cap and trade system electricity rates would necessarily skyrocket" -- Barack H. Obama

The "O" in Obama is for overrated!!
Click to expand...

This is what happens to an individual that actually believes Fox News when they claim to be "fair and balanced".

First of all don't throw around words like Socialist and Communist if you don't know what they mean. Do you have any idea of how many American Presidential candidates have actually had some sort of Socialist platform? They are two completely different things(socialism and marxism). Socialist Capitalism is a form of capitalism where the proletariat controls the means of production in the work place, it is not a form of government. This was very popular during the early 20th century when business could not regulate itself and had developed vertical and horizontal monopolies. Much like the banks of today that have played a very largre part in this recession. Throwing words around as an insult when you don't know what they mean makes you look silly.
 
#18
#18
I am sorry, but our economy will naturally rebound. With all of the economy safety measures FDR put in the 30's, the stock market will rebound on it's own. Obama does not deserve any credit on the economy getting better. The bailout failed horribly.
 
#19
#19
paul1454 said:
Anyone who associates current economic growth solely to policies of the current administration is naive. Now, I certainly think the stimulus helped (although I think a significant portion of it was wasted on BS pork), but let's not assume the current increase in economic indicators can be attributed solely to our president's policies. I've always been baffled as to why presidents get all the praise when economies do well and all the blame when they don't? Has the entire world slept through Econ 101? Economies are cyclical. Much of the turnaround can be attributed to forces beyond any one particular person's control.
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While I agree 100% with this, there are more than a few on here that will jump at the chance to blame Obama for either creating this economic mess, or at least making it worse. I'm not an expert at these matters so it would be unfair for me to jump at this news as being good for long term growth.

Also, I certainly don't agree with everything the administration has done, and there were probably better ways to handle things. But to be fair, if we are going to blame the POTUS for every piece of bad news, it should carry over for the good news as well.

I still think he had very little control over anything we have seen or are seeing right now when it comes to the economy. Good, bad, or otherwise.
 
#20
#20
the stock market rally has 100% to do with the trillions of free money the fed has been pumping into the market. with unemployment still at 10% me thinks you can't say obamamonics is working.
 
#21
#21
What happens when we have to start paying back all this debt and they raise taxes on the brand new homer owners, who probably about 50% of those shouldn't have bought a house once again?? This is a vicious cycle right now, and until we move away from debt completely, we will face economic uncertainty everyday.
 
#23
#23
OHvol40 said:
This is what happens to an individual that actually believes Fox News when they claim to be "fair and balanced".

First of all don't throw around words like Socialist and Communist if you don't know what they mean. Do you have any idea of how many American Presidential candidates have actually had some sort of Socialist platform? They are two completely different things(socialism and marxism). Socialist Capitalism is a form of capitalism where the proletariat controls the means of production in the work place, it is not a form of government. This was very popular during the early 20th century when business could not regulate itself and had developed vertical and horizontal monopolies. Much like the banks of today that have played a very largre part in this recession. Throwing words around as an insult when you don't know what they mean makes you look silly.
Click to expand...

I'm not sure what you are trying to get at here. Are you saying that worker ownership is the defining characteristic of socialism and that central planning was a characteristic of communism? Generally speaking, communism refers to a stateless economy owned and controlled by the workers. Marx posited that communism would be the ultimate result of the tensions between the haves and have-nots in a capitalist economy. His theory was that eventually, the proletariat would overthrow the capitalist economy in favor of an economy that distributed resources in a more equitable manner. Marx claimed that eventually these overthrown economies would transition into communism, a stateless society where workers owned all means of production and all decisions are made democratically where every member of society has an equal say.

"Socialism" generally refers to the medium that facilitates a transition into a communist economy. There are varying forms of socialism. For example, pure socialism refers to a system where the government controls the means of production and also its output - a centrally planned economy. There is also state-owned market capitalism where the government owns the means of production, but market forces continue to set prices and determine supply. There is also what you described, which is generally referred to as "libertarian socialism." All of these are forms of economic structures, not governments (although they all may be generally distinguished by the extent to which the government controls an economy). I guess what has me confused is that the economic structure you appear to be distinguishing from communism has more in common with communism than most forms of socialism. If I have misread your post, please let me know.
 
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#25
#25
MontereyVol said:
I think this article describes the situation better. Business will be the one that remakes the future of America and Obama will only be the POTUS when it happens. So, yes he will get the credit. Whether you like it or not.

The Story of America's Amazing Comeback - Newsweek.com
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correct....saying that BHO is "responsible", for what little turn around we have had over the last 12 months, is like saying that Girardi is "responsible" for the Yankees winning the Series.
 
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