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Obama says Private Sector is "fine", do you?

Izariel 2012/06/08 20:22:43
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Obama today said that the private sector is doing just fine and that yet again its those dastardly republicans that are hurting the economy by not passing yet ANOTHER stimulus bill.

Do you think the private sector is doing just fine or are you ready for Obama to stop his excuses and blaming and come back to reality, which is:

This is Obama's fault!

http://www.foxnews.com/politics/2012/06/08/obama-tells-congre...

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Top Opinion

  • Farnsworth 2012/06/08 20:59:52
    Obama lives on another planet
    Farnsworth
    +9
    He is completely detached from whats going on in America.

    This man is so far removed from reality that I think he is mentally impaired.

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  • T Bevan 2012/06/09 17:19:51
    Other...
    T Bevan
    +1
    He is still smoken:

    smoken
  • schjaz 2012/06/09 15:48:44
    Obama lives on another planet
    schjaz
    And in another Solar System.
  • exhon2009 2012/06/09 03:39:50
    Obama is right, the private sector is "fine".
    exhon2009
    Of course in his definition of fine it is moribund, right where he wants it. So in his mind the private sector is performing well. The private sector is performing where one would expect it to based on Obama's policies towards business. The business cycle can swing the economy up and down somewhat irrespective of governmental policy. It would be a bigger disaster if the natural rhythm of the business cycle got this anti business socialist re-elected. I'm glad the private sector is an ACCURATE reflection on this administration. I expect it to improve markedly under new management.
  • Franklin 2012/06/09 01:23:37
    Obama lives on another planet
    Franklin
    +1
    so just how wasted was he this morning ? LOL Obama stoned
  • umapathy Krishnamurthy 2012/06/09 01:06:20
    Obama is right, the private sector is "fine".
    umapathy Krishnamurthy
    I think private sector is fine not people, govt sector
  • Franklin umapath... 2012/06/09 01:57:08
    Franklin
    +1
    I think you need to but-out and worry about your own dam piss-ant country ! LOL@losers nation!
  • Wolf 2012/06/09 00:13:25
    Obama lives on another planet
    Wolf
    +2
    Another lifer who has lived off the public dole all his life...no skills and no productivity or achievements for this nation or economy....
  • luvguins 2012/06/09 00:09:31
    Other...
    luvguins
    What he has been able to do despite Republican obstruction and premeditated sabotage has been fine. If they had assisted this president instead of trying to defeat him politically we the people would have had a million more jobs available. The right has amnesia about how a clueless McCain said the economy was strong after Lehman Brothers collapsed.
  • jackolantyrn356 2012/06/09 00:03:29
  • Tom 2012/06/08 23:19:03
    Other...
    Tom
    +1
    Obama had the opportunity to be a great president, HE BLEW IT, with his far left agenda. If he had lived up to his campaign promises he would have been great, the country would be doing great, and Americans would be doing great.

    ~~~~~~~~~~~~~~~~~~ TO BAD HE FAILED! ~~~~~~~~~~~~~~~~~~
  • Heffeweizen 2012/06/08 23:18:35
    Obama lives on another planet
    Heffeweizen
    +1
    Huge gaffe! His horrible June is getting worse. Someone pass the popcorn!
  • apachehellfire65 2012/06/08 23:08:18 (edited)
    Obama lives on another planet
    apachehellfire65
    +1
    he thinks it's fine just because his plans for it are moving along nicely. if he can fool the less then intelligent voters out there to elect him again he will show you just the position he wants to take BEHIND the private sector! obama rapes liberty
  • Maddog 2012/06/08 22:59:05
    Obama lives on another planet
    Maddog
    +1
    This is irrefutable proof that Obama is politically tone-deaf! (...and he accuses Romney of being out of touch with middle class America!)
  • sbtbill 2012/06/08 22:39:21
    Other...
    sbtbill
    The stock market is just fine. Large business is doing very well. Small business is improving. The two companies I do the most work for have had 3 good years. Workers are doing poorly. The public sector is the reason for high unemployment. The infrastructure is doing terrible.
  • Franklin sbtbill 2012/06/09 01:02:15
    Franklin
    where do you get your news ? ...O yea now I know truth Team ! get a clue and get your sorry butt ready to respect honor and SUPPORT President Mitt Romney ...
  • sbtbill Franklin 2012/06/09 06:36:56
    sbtbill
    Dow Jones Industrial Average

    Here is the DOW. Note it went down during most of the Bush years and is now started back up. If you check other indexes you will see similar things. The last 3 years have been good to investors.

    Dow Jones Earning

    Things have been a bit up and down for the last year but the trend remains up.

    I will admit that I make the statement small business is improving on personal experience and what I read in Business Week.

    However, I am quit comfortable with the neutrality of my facts.
  • Franklin sbtbill 2012/06/10 12:34:13
    Franklin
    wow nice lie - have any more LIES you want to post ? dow 10 years your chart does not even show the big spike in 99 or the big CRASH in 2001 and it does not show any of Obama's years ...nice try tho , to bad no one wants your filthy cool-aid any more !
  • sbtbill Franklin 2012/06/10 21:34:20
    sbtbill
    Your chart stops in 2009. Mine goes through 2011. Mone is in 5 year increments going back to the 30's. Yours goes back to the 60's. If one of us is lying it's you. I leave it to others to do their own research and make their own decisions.
  • T Bevan sbtbill 2012/06/09 17:24:29
    T Bevan
    Define "public sector"

    Do you think we need more Government jobs?

    Just waht is the trading average on the market today compared to 07?

    Just were is the money comming from to maintain infrastructure?

    NOW please just answer these questions?

    market trades average decade
  • sbtbill T Bevan 2012/06/10 11:14:33
    sbtbill
    1) A public sector job is a state, local of federal job.

    2) We need more government jobs. Specifically we need more teacher, border guards, food inspectors, IRS agents, firefighters, and police. We also need to improve the aging equipment of the various governments.

    3) 2007 had the highest volume of the century. 2010 was 3rd highest. While I agree that volume tends to reinforce price trend it should be noted that volume since 2000 has generally been higher then volume in the 90's. Your obvious point that the market is running a bubble is likely wrong.

    4) We have a number of sources to get the money for infrastructure spend. Currently US debt is a very small fraction of the value of our assets. We do find cash flow somewhat down. We are in the position of an asset rich company that needs to rebuild market share at a time of declining revenues. The usual solution when interest rates are low which they are is to borrow money to improve plant and equipment and increase advertising. True this doesn't always work but the alternative almost never works.

    I'm sorry it took so long to answer your questions. I need to look up the stock volume.
  • Franklin sbtbill 2012/06/10 12:44:20
    Franklin
    +1
    so in your twisted mind 07 was a GOOD YEAR for the stock market ? and what about trading volume for 1999 ? Your ether ignorant of evil and probably equal amounts of both -
    Trading volume was very very high in 1929 as well you little libtard!
  • sbtbill Franklin 2012/06/10 22:00:40
    sbtbill
    07 was a good year for stock brokers who make their money on volume.

    Volume is an indicator not the reality of the market. The reality of the market is price and dividends. 1929 was payback for the libertarian policies of Coolidge. Hoover, who did a terrible job of trying to fix those things because of fiscal conservatism got the blame.

    1999 was the psychology of free market capitalism running wild. People placing value on the valueless. The same might be said of the 2005-8 real estate bubble.
  • T Bevan sbtbill 2012/06/10 17:01:32
    T Bevan
    !) Who pays for them?

    2) Again who pays for them?

    3) Volumn is thew only indicator of how the market is doing....

    4) Only one source , TAX DOLLARS...
  • sbtbill T Bevan 2012/06/10 21:39:11
    sbtbill
    Inflation helps pay for them. Deflation would be dangerous. In the long run yes tax payer pay. Hopefully with inflated dollars.

    If you own a stock you should look at volume as an indicator. But the only thing that maters is price and dividends.
  • T Bevan sbtbill 2012/06/11 11:59:51
    T Bevan
    OMG , are you really that ignorant?

    When not enough folks (under employeement) are paying taxes , who pays the wages? Oh yea that is where the additional $5.5 trillion deficet came from....

    The government seldom if ever reduces their workforce....

    pays wages yea additional 5 5 deficet government reduces workforce
  • Franklin T Bevan 2012/06/10 12:46:46
    Franklin
    +1
    it took me a moment to figure out why her charts looked so odd - she is talking about trading volume and ignoring gains and losses to the economy ...below she calls 07 a good year for the GDP based on the volume of trades , with that way of thinking the last half of 1929 must have been an awesome year !
  • T Bevan Franklin 2012/06/10 17:06:16
    T Bevan
    Great call...

    The one indacator she failed to look at is INFALATION....

    We are up about 23% in the last 4 years.....

    The dollar looks strong but buying power is shot...

    dollar buying power 1950 to 2012
  • BoJay 2012/06/08 22:38:12
    Obama lives on another planet
    BoJay
  • hazel 2012/06/08 22:30:40
    Obama is right, the private sector is "fine".
    hazel
    +3
    Obama spends almost every evening at fund raising with all the big stars,so that is what he is going by ,they are all doing fine.......30 million a year here ,..28 million a year there...every thing is just FINE
  • johnc 2012/06/08 22:28:24 (edited)
    Other...
    johnc
    +2
    Just the facts

    1. The lovely Michelle says she wants to get back to Chi-town and the good rev. Wright

    2. Obama is PW #1

    3. Obama wants to blame his loss on his race.

    = his total self destruct mode.

    NOBAMA 2012
  • lee 2012/06/08 22:19:48
    Obama is right, the private sector is "fine".
    lee
    +1
    they are sitting on mountains of cash and raking in record profits... they ARE fine... .

    but its not trickling down to us...

    things that make you go, hmmm.....
  • johnc lee 2012/06/08 22:36:01
    johnc
    +2
    I wouldn't invest not knowing what Obama care is going to cost

    I would not invest with the tax increases looming Jan 1. 2013.

    would you? If so, let me know, Jan 21, 2013 Obama is opening Obamas green investment firm and we are seeking dedicated investors.

    How much money yo gots?


    NOBAMA 2012
  • sbtbill johnc 2012/06/08 22:42:52
    sbtbill
    +1
    I doubt many business are making an decisions based on Obamacare. Cost to business will be little affected.

    Certainly a major spending cut and tax increase will dry up demand and send us into a depression and business does look ahead 6 months in planning, but that is the fault of the House and not Obama.
  • apacheh... sbtbill 2012/06/08 23:18:57
    apachehellfire65
    +1
    how do you figure that? obummer has flat out said he want's the bush tax cuts to end this year. even clinton says they should be extended at least another year.
  • sbtbill apacheh... 2012/06/08 23:31:48
    sbtbill
    I don't think Clinton said he wants them extended another year or two. He said he wouldn't mind seeing them extended another year or two. Neither would I. Obama is wrong on this. But it is a minor point.

    The real point is what do we do to increase the income of the average person and increase demand. Traditionally and the only thing I see working is increasing government spending. Forget the deficit. Bring back the jobs first and then start paying it down. At that point it would be appropriate to increase taxes.
  • apacheh... sbtbill 2012/06/08 23:56:07
    apachehellfire65
    +2
    i think if you extend the tax cuts business would release the capital they are sitting on to expand and hire. this will increase the income of average people. and bring back jobs. but the only house i would blame for this is the white house.
  • Franklin apacheh... 2012/06/09 01:09:07
    Franklin
    +1
    don't let the senate off the hook ! Little Harry is doing his part in screwing us over as well ! LOL
  • sbtbill apacheh... 2012/06/09 06:44:18
    sbtbill
    Why would business invest capital in additional production. Currently on average business is working at less then 80% of capacity.

    http://www.federalreserve.gov...

    Certainly, they have to get to a much higher level before they need to expand capacity. Yes, implementation of the current excess capacity might result in some hiring.

    But the basic question remains why build something if you aren't sure you can sell it? Do consumers have the money and desire to buy the product?

    I've noticed business buying back stock recently. That is a very low profit activity so it implies business feels there is no demand.
  • Franklin sbtbill 2012/06/09 01:05:23
    Franklin
    and you base that on what ? communist fantasies about the money belong to the government and not the people it really belongs to ??? Go get your guns if you GOONS want to steal property because you can only TAX income and you losercrats don't create any of that .
  • johnc sbtbill 2012/06/09 03:55:28
    johnc
    My accountant doesn't buy that. but I am sure you are much wiser then she.

    Obama is the president, I wish him well at Obamas green investment co. are you going to invest with us?

    I see you really really buy into blame and excuses,

    NOBAMA 2012

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