2 ads that Obama earned.

[Swiper]

and that number of %47 that you guys that know nothing about econ love to quote was another direct result of the recession, just like the annual budget deficit at 1.2T which started in Nov of 2009.

and that would be because 66% of the US workforce is making what the median wage was in 1990's wages or below and of that 25% is making $13k or less in 1990's dollars...ever heard of inflation? it not only erodes purchasing power but reduces effective tax rates

and that %47 pay plenty of taxes at the state and local level...



Wage Statistics for 2010

I'm ok with the 47% not paying taxes. we're almost half way there to everyone paying no fed taxes.

 

[Curt James]

Obama hasn't fucked anything up, it was totally fucked up before he was even sworn in.

Oh, dear.

LAM, your post might be considered indicative of a limited vocabulary and intelligence. Do you lack the intelligence to make your point without resorting to obscenity?

racial slurs are indicative of those with very limited vocabulary's and intelligence.....

Slurs or any statements, for that matter, are simply choices. Poor choices, imo, but no sign of a limited vocab nor of a lack of intelligence.

actually they are. just like those that tend to raise their voice, yell or use obscenities in conversation when they are not needed. when a person lacks the dialogue to intelligently make his/her point they typically resort to other means and slurs and obscenity are used to accomplish that. back in old England only the "common folk" or those in the underclass would use obscenities you would never hear such language out of a gentlemen or a lady.

 

[oufinny]

Some, come on then. Five bullet points stating how to begin to fix this ****.



Well, what other options are there? It's going to be Romney or Obama, right?

You're recommending a coup?

I have asked for a plan from LAM so many times, and like everyone in congress, we see nothing.

 

[Curt James]

I don't think people understand what will happen if Romney wins and repeals Dodd-Frank. it's incredible just how little American's understand economics or recessions. they thought 2008 was "just another" recession...LMAO!

Paint a worst case scenario, please.

Seriously, what would that look like?

 

[Curt James]

I have asked for a plan from LAM so many times, and like everyone in congress, we see nothing.

I've asked him for answers more than once, but overall he seems to prefer analysis over solutions.

He did step up to the plate on my most recent request and for that I applaud him.

it doesn't get fixed, it is by design.....

but if we were to even begin to head in the right direction:

* re-instate all portions of Glass-Steagal that were repealed by the Gramm-Leach-Bliley Act Act along with making derivatives illegal.

* break up all of the banks that are even bigger now that were to big to fail in 2008 as is stated in Glass-Steagal

* repeal or replace many of the policy's that were changed under the Monetary Control Act of 1980. New powers were given to the FED and it also removed the interest rate ceiling that US banks could charge. take for example right now banks are borrowing from the FED at less than .25% and getting 14%+ on revolving credit card accounts. while the APR on savings accounts is less than 1% and real inflation is closer to 4-5% a year. I knew guys in Philly that used to work for Sammy the Bull in NY and the loan sharks in the mafia charged less than that.

* develop some sort of program where US based company's would be almost tax exempt if they employed a certain about of people in specific work sectors at a living wage and not the minimum wage which allows many full time workers to live in poverty. this would help reduce the size of government as being the largest employer in the country and help to develop a new prospective in that there is more to business than just maximum profits for those at the top of the company or the owners, etc.

* major healthcare reform. I haven't really looked at the data since the affordable care act was passed but the CBO predictions had healthcare costs at 50% of US GDP by 2050 I think. just think of how that will effect the economy if so much is being spent towards one basic category of expenses. in the 70's healthcare accounted for 1/10 of personal consumption expenses. reduced costs of medical school, allowing more foreign doctors to come in, etc.

* total reform of the US education system per the best seen practices in the reports from the OECD and PISA. also develop some sort of research group that can design new ways of testing children as standardized tests are only accurate when taken by those in the same income group and family structure, etc.

* no more "free trade" agreements which only seem to effect specific sectors of the economy. the US has the largest population in the OECD at 25% of the total OECD population. we also have the most liberalized labor force and the 2nd lowest union participation rate in the OECD with Turkey at #1. US workers are the least protected in the OECD.

 

[oufinny]

it doesn't get fixed, it is by design.....

but if we were to even begin to head in the right direction:

* re-instate all portions of Glass-Steagal that were repealed by the Gramm-Leach-Bliley Act Act along with making derivatives illegal.

* break up all of the banks that are even bigger now that were to big to fail in 2008 as is stated in Glass-Steagal

* repeal or replace many of the policy's that were changed under the Monetary Control Act of 1980. New powers were given to the FED and it also removed the interest rate ceiling that US banks could charge. take for example right now banks are borrowing from the FED at less than .25% and getting 14%+ on revolving credit card accounts. while the APR on savings accounts is less than 1% and real inflation is closer to 4-5% a year. I knew guys in Philly that used to work for Sammy the Bull in NY and the loan sharks in the mafia charged less than that.

* develop some sort of program where US based company's would be almost tax exempt if they employed a certain about of people in specific work sectors at a living wage and not the minimum wage which allows many full time workers to live in poverty. this would help reduce the size of government as being the largest employer in the country and help to develop a new prospective in that there is more to business than just maximum profits for those at the top of the company or the owners, etc.

* major healthcare reform. I haven't really looked at the data since the affordable care act was passed but the CBO predictions had healthcare costs at 50% of US GDP by 2050 I think. just think of how that will effect the economy if so much is being spent towards one basic category of expenses. in the 70's healthcare accounted for 1/10 of personal consumption expenses. reduced costs of medical school, allowing more foreign doctors to come in, etc.

* total reform of the US education system per the best seen practices in the reports from the OECD and PISA. also develop some sort of research group that can design new ways of testing children as standardized tests are only accurate when taken by those in the same income group and family structure, etc.

* no more "free trade" agreements which only seem to effect specific sectors of the economy. the US has the largest population in the OECD at 25% of the total OECD population. we also have the most liberalized labor force and the 2nd lowest union participation rate in the OECD with Turkey at #1. US workers are the least protected in the OECD.

Sorry I missed this; very good ideas I would support. I fear they would be totally botched and twisted by lobbyists though. Also, finding a congress with the balls to stand up to the massive resistance will never happen as long as being in congress is seen as a career choice.