Breaking the Deadlock

iVillage Member
Registered: 03-18-2000
Breaking the Deadlock
18
Thu, 11-01-2012 - 9:35am

Whether Barack Obama or Mitt Romney wins the election on Tuesday, on Wednesday he will face the same urgent challenge: how to stop the U.S. from falling off the fiscal cliff. But let's hope he also takes on the larger challenge of fixing a political system that has brought us close to disaster twice in two years.

Unless Congress acts, the spending cuts and tax increases that would be triggered automatically next January would take 5.1% out of the country's GDP in one year, according to the Congressional Budget Office. That would be one of the most severe experiments with austerity in history--larger than anything Greece, Spain, Italy or the U.K. has tried. In fact, it is almost three times the size of Britain's program. And the results of those European austerity policies have thus far been a dramatic slowdown in economic growth and a sharp spike in unemployment. Virtually every economist who has studied this believes that similar measures, even if enacted for a few months, could push the U.S. into a double-dip recession.

More see link.......
http://www.time.com/time/magazine/article/0,9171,2128309-1,00.html

 


Photobucket&nbs

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iVillage Member
Registered: 10-17-2012
Wed, 11-07-2012 - 3:10am

The jobs numbers actually went up last month.

Home sales and prices are still HORRIBLY in the toilet.

This "recovery" is, by all historical standards," the worst recovery in US history.  If you're gullible you will say "I guess it's God's fault"...if you're less gullible, and listen to actual business people, you'd understand that it's a direct result of Obama's policies.

Unfortunately, liberals have voted themselves 4 more years of high unemployment...stagnant economy...higher taxes...higher prices...higher gas prices...lower incomes...and a grid-locked government.

Congratulations.  Enjoy the pain.

iVillage Member
Registered: 04-07-2002
Tue, 11-06-2012 - 12:56pm

OMG!  I can post!!!!!

The problem with too many today is that they want everything NOW NOW NOW!  It took 8 yrs to create this mess...it's going to take more than 3 1/2 to reverse it.  I feel our President has tried his best - against GOP opposition - to make the changes necessary to set us back on the correct path.  I know that homes around here are selling again & the prices are going up.  I know that the job market is gaining strength here as well.  And I also understand that it's going to take more time.  Instant gratification doesn't work on this scale!

 nwtreehugger  

iVillage Member
Registered: 10-17-2012
Sun, 11-04-2012 - 4:14pm

If liberals feel they're not paying enough taxes and want to "sacrifice" more, then why aren't you cutting checks to the IRS?  Nothing is preventing you from being "patriotic."  Why?

iVillage Member
Registered: 10-17-2012
Sun, 11-04-2012 - 4:12pm

And yet, over the past 30 years, median incomes have risen right along with the US standard of living.  It's like living in a palace and compaining that someone else has a bigger palace.

And the Tea Party?  You're right, they do obstruct "positive change"...but only if your idea of "positive change" is turning the US into a bankrupt Greece-like nanny state.  And it's easy to stop that from happening...just vote "no" on everything Obama wants...until November, when what Obama wants won't matter any more.

iVillage Member
Registered: 03-18-2000
Sun, 11-04-2012 - 10:36am

We are paying less taxes than ever since Obama has been President, yet, the "trickle down" has not worked. Where's the sacrifice to get the US back on a reasonable fiscal path? <rhetorical>

 


Photobucket&nbs

iVillage Member
Registered: 03-18-2000
Sun, 11-04-2012 - 10:27am
Well said.

 


Photobucket&nbs

iVillage Member
Registered: 03-18-2000
Sun, 11-04-2012 - 10:25am

Ten years... Make that 30 years.

Agree. The 'tea-party' does nothing but obstuct any positive change. That's their mission is to vote "no" on everything Obama wants.

 


Photobucket&nbs

iVillage Member
Registered: 10-17-2012
Sat, 11-03-2012 - 9:09pm

I guess it could sound that way to an uninformed Obama supporter. Wink

iVillage Member
Registered: 03-30-2007
Sat, 11-03-2012 - 6:51pm

Wow!   Sounds like a spoon fed  "Rush-Baby", Beck, Savage, Faux sheeple.   Sprinkled with Romney's 47% garbage.  

iVillage Member
Registered: 10-17-2012
Sat, 11-03-2012 - 3:49pm

Babysitting and lawn mowing?  If that's what you call a "small business" then my daughter and the 14 year old boy who mowes lawns must be CEOs. So no, generally speaking, poor people don't create small businesses and poor people don't create jobs.  They also don't pay income taxes...but they do derive the same benefits of those who do, and they get jobs that other people have created, and get the food stamps, entitlements and welfare that other people pay for, so something substantial must be "trickling" down.

And the "Romney just won't tell ya what his plan is until after he's elected" thing...kind of laughable.  Well, Obama is going to raise your taxes (already has, actually), and he's going to cut your medicare (already has actually), he's going to establish a death panel that will decide if you're "worthy" of getting certain medical treatment, he's going to increase your power bills (already has, actually), he's going to hamper oil production to keep gas prices high (already has, actually), he's going to make secret deals with Russia to disarm the US and he's going to let Iran get the bomb, which will start an arms race in the MIddle East, ending up with a war with Israel, and a dirty bomb going off in a US city...so congratulations, you didn't buy a "pig in a poke"...you just "shot yourself in the foot."  Romney/Ryan 2012!

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