Romney was the better choice

PostGameOrangeSlices said:

MikeDamone said:

Fenwick said:

You who believe in Romney are deluding yourselves. You really think any president of this country is going to do what is right and good for the people? Romney was firmly in the grasp of big ass money. Obama is all talk and not much action. Both suck.

Yes....but to think Obama isn't also in the grasp of big ass money is absurd...

Corporate State of America.

War is over. Corporations won.

HeretoBeatmyChest said:

Corporate profits are at all time highs. Profit margins are at all time highs. There has not been a better President for big business ever. Yes O-care sucks dick but big business will get around it. Its the middle class people who will get fucked the most by it.

The economy and financial system is in far worse shape then it was when Reagan came aboard. The only problem then was inflation and it was snuffed out by rate hikes and a bad recession. Reagen inherited a debt/gdp that declined sharply for 35 years. Thus, he was able to run big deficits no problem. Funny thing now is gov employment has been going down under Obama since the first few years. The deficit is also contracting.

Theres no policy that can get the economy back on track. There is no quick fix. It took 20 years after 1929 for the economy & system to be cleaned, repaired etc. The coming big problem is that interest rates need to go higher. The private sector could handle it to some degree but the government sector cannot. If interest rates rise just a few %, the interest payments on the debt will explode. We are 5 years into an expansion and interest rates are at 0. This is the bizarro world. Huge inflation will get us through but its going to take at least 5 years and they have to let inflation run so the debt burden declines. This is what happened after WW II.

Whoever becomes President after that (2020) will inherit an ideal situation, like Reagen did.

TierbsHsotBoobs said:

HeretoBeatmyChest said:

Corporate profits are at all time highs. Profit margins are at all time highs. There has not been a better President for big business ever. Yes O-care sucks dick but big business will get around it. Its the middle class people who will get fucked the most by it.

The economy and financial system is in far worse shape then it was when Reagan came aboard. The only problem then was inflation and it was snuffed out by rate hikes and a bad recession. Reagen inherited a debt/gdp that declined sharply for 35 years. Thus, he was able to run big deficits no problem. Funny thing now is gov employment has been going down under Obama since the first few years. The deficit is also contracting.

Theres no policy that can get the economy back on track. There is no quick fix. It took 20 years after 1929 for the economy & system to be cleaned, repaired etc. The coming big problem is that interest rates need to go higher. The private sector could handle it to some degree but the government sector cannot. If interest rates rise just a few %, the interest payments on the debt will explode. We are 5 years into an expansion and interest rates are at 0. This is the bizarro world. Huge inflation will get us through but its going to take at least 5 years and they have to let inflation run so the debt burden declines. This is what happened after WW II.

Whoever becomes President after that (2020) will inherit an ideal situation, like Reagen did.

I like to ignore the crippling double digit inflation that Reagan inherited. I do that.

I also like to ignore that it took a World War to fix the economy after 1929. I also do that.

TierbsHsotBoobs said:

MikeDamone said:

TierbsHsotBoobs said:

HeretoBeatmyChest said:

Corporate profits are at all time highs. Profit margins are at all time highs. There has not been a better President for big business ever. Yes O-care sucks dick but big business will get around it. Its the middle class people who will get fucked the most by it.

The economy and financial system is in far worse shape then it was when Reagan came aboard. The only problem then was inflation and it was snuffed out by rate hikes and a bad recession. Reagen inherited a debt/gdp that declined sharply for 35 years. Thus, he was able to run big deficits no problem. Funny thing now is gov employment has been going down under Obama since the first few years. The deficit is also contracting.

Theres no policy that can get the economy back on track. There is no quick fix. It took 20 years after 1929 for the economy & system to be cleaned, repaired etc. The coming big problem is that interest rates need to go higher. The private sector could handle it to some degree but the government sector cannot. If interest rates rise just a few %, the interest payments on the debt will explode. We are 5 years into an expansion and interest rates are at 0. This is the bizarro world. Huge inflation will get us through but its going to take at least 5 years and they have to let inflation run so the debt burden declines. This is what happened after WW II.

Whoever becomes President after that (2020) will inherit an ideal situation, like Reagen did.

I like to ignore the crippling double digit inflation that Reagan inherited. I do that.

I also like to ignore that it took a World War to fix the economy after 1929. I also do that.

WWII didn't fix the economy. Popular myth.

reason.com/archives/2013/01/27/world-war-ii-spending-did-not-end-the-gr

Hello there.

Private spending naturally goes down when a lot of the participants in the private sector LEAVE! to go win a World War and pop off.