Your comments are true as far as they go but Madigan, Pete and I over the past few months have listed many reasons why Obama is to take the blame personally. He is at the top of the political chain and sets the pace for others to follow. How's this for starters: the biggest event is the bailouts giving to bankers and wall streeters. Trillions of dollars wasted with no accounting follow up by Obama's czars. The executives paid themselves handsome bonuses instead of putting the money to work in their companies. It all starts at the top and the rest of us follow and take advantage.
The President's job is to set the moral tone not break the law. I don't accept your premise that we are in trouble because people have stopped spending. People have stopped spending because they have no more money. The reason goes much deeper but basically it is the business cycle that repeats over and over for hundreds of years in not thousands of years. It is human nature to overextend when times are good then run out of steam because credit is stretched to riskier heights until lenders decide it too much and stop lending. Starting way back in the Reagan era, governments borrowed and spent twice as much as they were taking in. Obama has multiplied the borrowing ten-fold over Reagan and Bush. Now is the time to pay the piper. ----- Original Message ----- From: "Stephen Russell" <[email protected]> To: "ProFox Email List" <[email protected]> Sent: Tuesday, August 30, 2011 7:28 PM Subject: Re: [OT] Some scary events in Republican party > On Tue, Aug 30, 2011 at 3:30 PM, Nicholas Geti <[email protected]> > wrote: >> On the other hand to continue destroying the economy like Obama is trying >> to >> do is also just as scary. Where does that leave us? > -------------------------------- > > Economy: 1. Activities related to the production and distribution of > goods and services in a particular geographic region. > > How is the president destroying anything in that definition? I > thought it was all of us who were doing that. I know that I am not > looking at buying anything large for purchase now. I accept the blame > that our economy is doing very poorly. > > I just don't understand how you can blame one person? The entire > worlds economy is just a few steps away from the crapper. It is not > just the grand ole USA. > > We know that Wall St. has sold off hundreds of thousands of jobs > because they don't give a rats ass about people only profits. From a > lot of our discussions we don't want the government to do "more" so we > cannot expect the Federal worker population to just pick up all these > lost souls, right? > > So are there secret messages sent out from the beltway on new ways to > corrupt our horrendous situation? I thought that I would have heard > of them by now. > > The reason for our current problem is because we stopped consuming. > No other reason. We took the lesson to heart and now people are > saving, and paying off debt. > > Just curious but how do you expect to get it both ways? Out revenue > system for the country is based on volume. Budgets were set up on > expected revenue streams. As those streams dried up so have a lot of > supply jobs in manufacture and service. Now we have less $$$ coming > in and more needy people who are not supporting their local area like > they use to. > > > > > > > > -- > Stephen Russell > > Unified Health Services > 60 Germantown Court > Suite 220 > Cordova, TN 38018 > > Telephone: 888.510.2667 > > 901.246-0159 cell > [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/96B2D63C763D481482042CD6F6E71300@dual ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
