Why is the Economy weak in the US?

Quote from brokerboy:

My biggest problem with the republicans is they never opened there month when Bush was making the mess bigger. What’s up with that?

Our 2010 economy is based on a 1985 world that’s the bottom line.
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What up with not judging Democrats by the same exact standard since they are now so much worse?

And what about when all of the pols currently in power (Democrats) simply add new enviro-terrorism, ill-formed political regulations and hurdles to small business but do nothing to improve credit flow, employment or stabilize housing?
 
The collapse of the US economy began in 1999 when the Congress passed (overwhelmingly by Democrats and Republicans) the repeal of the Glass-Steagall Act that had, since 1933, separated legitimate banking activities from risky investment activities. On top of that, both Democrats and Republicans supported lowering credits standards so that more people could buy homes. In September of 1999, an article in the New York Times (http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html) predicted the banking collapse that began in 2006. Neither Democrats nor Republicans will tell you this information because then they would have to take responsibility for what they did.


Quote from slapshot:

What up with not judging Democrats by the same exact standard since they are now so much worse?

And what about when all of the pols currently in power (Democrats) simply add new enviro-terrorism, ill-formed political regulations and hurdles to small business but do nothing to improve credit flow, employment or stabilize housing?
More...
 
Quote from jem:

the baby bommers - They have mortgaged the future.

SS is an entitlement ponzie scheme. The boomers are going to drain far more out then they ever put in, unless they are stopped.
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I always thought you were smarter... more analytical than this.

Show me where Boomers demanded, "give me ________ and charge it to my kinds and grandkids".

Whose fault is it that the Boomers may/will "drain far more than they ever put in". (Got news for you... the Boomers are going to get hosed on SS, too.)

It was NEVER the Boomers who "mortgaged the future", and it still isn't.
 
Quote from brokerboy:

I don’t think there is a solution to fixing the economy. You have to have pain for awhile and let all the bad wash away. This has been along time coming. My biggest problem with the republicans is they never opened there month when Bush was making the mess bigger. What’s up with that? Our 2010 economy is based on a 1985 world that’s the bottom line. At some point you get to big and I think we are there.
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Correct... on all points... sadly.
 
Quote from Scataphagos:

I always thought you were smarter... more analytical than this.

Show me where Boomers demanded, "give me ________ and charge it to my kinds and grandkids".

Whose fault is it that the Boomers may/will "drain far more than they ever put in". (Got news for you... the Boomers are going to get hosed on SS, too.)

It was NEVER the Boomers who "mortgaged the future", and it still isn't.
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Well, it is certainly easy to tell your age bracket, Boomer.

This statement completely ignores the absolute, undeniable fact that the Boomers have held political power in this country for the last 30 years, based simply on their age. The vast majority of incumbent politicians are Boomers.

Therefore, it is not hard to see that simply based on timing, their politcal machinations and policies have led us to the brink we are at now. They are the specific generation that allowed all of the current entitlements and budget problems to happen on their watch.

So, yes, it is COMPLETELY the Boomers who have mortgaged the future.

And only a selfish Boomer asshole would even try to deny it.
 
Quote from tomdavis:

The collapse of the US economy began in 1999 when the Congress passed (overwhelmingly by Democrats and Republicans) the repeal of the Glass-Steagall Act that had, since 1933, separated legitimate banking activities from risky investment activities. On top of that, both Democrats and Republicans supported lowering credits standards so that more people could buy homes. In September of 1999, an article in the New York Times (http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html) predicted the banking collapse that began in 2006. Neither Democrats nor Republicans will tell you this information because then they would have to take responsibility for what they did.
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+1
 
M'fuking ultra patriotic sounding Republicans and Leech minded Socialist Democrats have taken turn for turn to destroy the US economic engine. Changes and improvement cannot come with one bang, it is going to be hard pill for next decade atleast. If leaders refuse to take that hard pill, then the ship called US is sunk. Global chaos and riff raff to follow soon. :mad:
 
there are jobs just people think they are "too highly skilled" to be working "those" types of jobs.


People are not letting go of their shit covered American dream which is why we are still in slow yet growing economy
 
Quote from talebi818:

there are jobs just people think they are "too highly skilled" to be working "those" types of jobs.


People are not letting go of their shit covered American dream which is why we are still in slow yet growing economy
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So let's see...the government says people ought to borrow $50K to get a "higher" education at the local "University of Phoenix" and you're saying after they graduate they should then head down to the local Burger King and start frying for $8.00/hr ??

Well, which is it??

That's part of the problem today in the US...is mismatch between education & industry and shitty guidance for the current generation in school. All you hear is *pay up* & you should be able to get a "good" job. Right.
 
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