Posted on 07/01/2011 1:26:03 PM PDT by rabscuttle385
Nearly 4 in 10 Americans say they think the economy is in permanent decline, a new polls shows as deep pessimism about the economy becomes more widespread.
Thirty-nine percent of those surveyed for a New York Times/CBS News poll released late Wednesday say they see the economy headed on a downward path - significantly worse than when the question was last asked in October and 28 percent of Americans said the economy was in permanent decline.
(Excerpt) Read more at politico.com ...
Time to get rid of a so called leader. We are being led down a rat hole and he knows it.
Obama was unavailable for comment due to his exhausting golfing and and fundraising schedule.
“Permanant” until we ditch the Dung-Beetle-in-Chief and his West Wing Clown Show of felon/cretins.
Spelling error. I blame it on my parents/drugs/impure thoughts/democrats.
I am beginning to think this may be the case myself. Given the situation may improve some when the current occupant of the White House moves out, this country has been bleeding capital and jobs beyond its borders for a long time. Eventually, I believe, a line is crossed we can’t easily return from.
Does this mean that if the 2008 election were held today 61% would vote for obama?
Elect a conservative Republican President and Congress and the economy will come rushing back. Give them the types of majorities enjoyed by the Rats after the 2008 election and they will have it booming.
After thinking about it I count myself among the 39%. I don’t think a republican in the white house will turn it around. Too much damage has been done. A true patriot in the white house with a super majority might do it. But I don’t see that happening when there are so many liberal voters who are bind with hatred.
Our downward spiral is more than just the economy, I believe. That's why it is far more worse.
Good thing these folks weren’t alive while FDR was President.
Things were really bad then.
I would think this would be something less than a positive sign for Obama's re-election campaign.
However, we don't live in the America I grew up in, so Obama may be golden in 2012.
I think a better question to ask is: “Do you think that our economy has become overextended, and needs to contract to fiscal balance?”
This is the ‘Drunken Sailor Theory’. That is, the man on the street has realized that even the government and businesses “too big to fail”, still must spend within their budgets or they court disaster.
But though the man on the street realizes this, the government and those businesses say that “If we spend within our budgets, then the ‘good times’ will be over!”
This is a false statement. The truth is that if you spend within your budget, only the days of, as Allen Greenspan said, “reckless exuberance”, are over. It does not mean the end of the republic, nor does it mean that ‘our “glory days” are behind us.’
All it means is that the ‘drunken sailor’ is no longer allowed to throw his money around, buying drinks for the house, gambling with no concern for winning or losing, and buying expensive gifts for his friends and anyone else he meets.
In practical terms, it means the federal government can no longer ‘be all things to all people’, no matter how much it wants to be.
This means no socialized retirement system called Social Security. And no more national health care, even for seniors and the poor. And it means no more federal welfare checks.
It never was their job in the first place, but they decided to do it, wildly overspending the public’s money, like a drunken sailor.
Likewise, just because international financial firms are big, does not mean that they can forever thwart the rules of the game. If they make bad business decisions, they, not the public, must be the ones to take the hit for it.
And if this means they go out of business, well, that’s too bad.
Yet the republic will survive.
Don't assume that that would be automatic. The Republicans are fully capable of blowing it again if we let them.
I fear that myself. I hear from so many liberals who can't speak with any coherence about why they like their guys, but have an encyclopedic repertoire of imagined atrocities that conservatives have wreaked upon them. These malcontents are validated in their negative view of humanity by the Bill Mahers, the Rachael Maddows, and Keith Olbermanns of the world. Top that off with the class warfare waged by Dear Leader and the liberal leaders in Congress.
The thing is that it's so easy to be a hater. It's hard to maintain a positive attitude about this life, especially with the leftist mob ridiculing anyone who sticks up for life, liberty, and the notion that life is good and can be made better with hard work and self-control. Their answer is that no one can be trusted with responsibility and therefore we all must be controlled by an all-powerful government to mitigate the damage that we inevitably cause to others. And their power keeps growing, either through public opinion or through force. Sometimes I feel that we conservatives and lovers of liberty are swimming against the tide.
OK, off the soapbox.
It’s only going to be permanent if we keep shelling out money hand over fist that we don’t have, keep over taxing and over regulating. Don’t drill baby drill. And keep putting politician’s in office who only care about themselves and their re-eclections.
I see the decline being as permanent as Democrat control of Washington, our banks and Wall Street.
There is only one thing that can now turn the future around.....Civil War #2.
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