[traumer]

Bush !

[andy58-in-nh]

...unless you work for the government and live in D.C.; a/k/a - BOOM TOWN, USA.

[TruthConquers]

End the FED, and give us sound money, NOT debt backed money that is destroying this nation.

Want limited government? Get rid of fiat money.
The BIG government crowd LOVES fiat, it allows for BIG government. Without it, their wouldn’t BE big government.

[dirtboy]

The average American has $1,315 less in annual disposable income now than at the onset of the Great Recession.

My gross pay has gone up. I watch my expenses so inflation doesn't impact me much.

I think there are two main factors impacting consumer spending - unemployment and the fact that homeowner's can't borrow against their bubble equity the way they used to.

[allmost]

We are in uncharted territory.

[nascarnation]

Carville is right.

Baraq’s toast in 2012.

(if we can make it a 2-way election)

[detective]

“The average individual now has $1,315 less in disposable income than he or she did three years ago at the onset of the Great Recession – even though the recession ended, technically speaking, in mid-2009.”

This has occurred during a period of unprecedented government spending and borrowing. The Federal Government is spending about $4 trillion dollars per year and borrowing roughly 40% of that. Yet with the government spending almost $40,000 per household and borrowing about $15,000 per household average household income is still dropping dramatically. This is unprecedented in U.S. economic history.

What this means is the rest of the economy is being destroyed. It also means that if other countries refuse to lend money to the U.S. the economy will suffer dramatic contraction.

In short, the productive part of the economy is being decimated. Only irresponsible, unsustainable levels of government spending and government borrowing are keeping the decline as moderate as it is. When we lose ability to spend money we don't have, the economic collapse will be devastating.

[truthguy]

Think life is not as good as it used to be, at least in terms of your wallet? You'd be right about that. The standard of living for Americans has fallen longer and more steeply over the past three years than at any time since the US government began recording it five decades ago.

This simply cannot be true. Ben Wattenburg has told us time and again that Immigration is good for our economy and standard of living. With record immigration over the last few years, we ought to be having an increased standard of living. Wattenburg has assured us of this. He can't possibly be wrong. He has repeatedly said that Immigration is a huge plus.

[Cicero]

It depends on your situation. If you’re retired, as I am, then you’re lucky to get half the income from your investments as you did earlier. And Obama has not raised social security for two years, on the excuse that there is “no inflation.” Yeah, sure. Except for food, fuel, heat, electricity, and all the other basics.

[NVDave]

A nation cannot continue to export wealth at the rate that the US has over the last 20 years and not suffer for it.

Economists keep telling us otherwise, but then economists never seem to suffer for the absurdity of their predictions. They’re typically academics, immune to unemployment unless they’re caught with a live boy or a dead girl in their beds.

[NVDave]

The problem for the Republican Party is that none of their top-tier candidates have a clue what to do about it.

Oh, all the talk of cutting regulation and taxes are nice... but that won’t re-start the economy.

The simple, stark fact now staring us in the face is that productive capital is fleeing the US. The example from the UK is that once, gone, it won’t come back. We have a generation of workers in the workplace who are largely useless to creating tangible wealth and scant prospects for replacing those who are about to retire.

Houston, we have a problem.

[DJ MacWoW]

End Of The Line?

That's Up To You

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