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(The Fiscal Times)   Economists now predicting a "lost decade" in the U.S., characterized by high unemployment, sluggish growth and rising inequality. Welcome to the Obama Economy   (thefiscaltimes.com) divider line 399
    More: Fail, economists  
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2021 clicks; posted to Politics » on 07 May 2012 at 4:42 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-05-06 09:50:13 PM  
My retirement already looks like a lost decade with my latest statement looking suspiciously like one from 2002, and that's with me piling it in there.
 
2012-05-06 09:51:38 PM  
Yep. The out-of-control spending and against-all-advice deregulation spearheaded by the last clown in office had nothing to do with it. Nothing at all. Obama is completely responsible in every way for the collapse that was well underway for at least 6 months before he sat in the big chair. Completely his fault.
 
2012-05-06 09:54:05 PM  

NeedlesslyCanadian: Yep. The out-of-control spending and against-all-advice deregulation spearheaded by the last clown in office had nothing to do with it. Nothing at all. Obama is completely responsible in every way for the collapse that was well underway for at least 6 months before he sat in the big chair. Completely his fault.


6 months? our problems began with the repeal of Glass-Steagal.
 
2012-05-06 10:01:25 PM  

Weaver95: NeedlesslyCanadian: Yep. The out-of-control spending and against-all-advice deregulation spearheaded by the last clown in office had nothing to do with it. Nothing at all. Obama is completely responsible in every way for the collapse that was well underway for at least 6 months before he sat in the big chair. Completely his fault.

6 months? our problems began with the repeal of Glass-Steagal.


Certainly! But the full fruit of that 1999 boneheadedness didn't come to fore till 2007 or so.

Can we take a guess at who was running the House then? The Senate?

Clue #1: The answer to both questions is the same
Clue #2: It wasn't Obama
 
2012-05-06 10:01:38 PM  
This news story is in fact a repeat, as the exact same thing has been run at least once a month since January 21, 2009. I think it ran first on January 22, 2009.

I don't see deflation, I see government shedding jobs every month, and private employers adding jobs every month. By definition, this is NOT a version of Japan's lost decade.

But please, concern troll more about how it MIGHT suddenly shift into that. It is equally likely that happens as it is we have 9% growth next quarter.
 
2012-05-06 10:03:30 PM  
It's ALL Bush's fault ..... La La La La La La La La La La La La La La La La La La ....
(fingers in ears)
 
2012-05-06 10:08:15 PM  

chiett: It's ALL Bush's fault ..... La La La La La La La La La La La La La La La La La La ....
(fingers in ears)


well..Clinton did his bit, then Bush certainly made issues worse. by tthe time it got around to Obama it was an avalanche in motion....lots of inertia behind that disaster, and plenty of people from both parties contributed to the disaster.

putting Glass-Steagal back in place wouldn't hurt.
 
2012-05-06 10:11:10 PM  
Taxbongo created zero jobs from 2013 to 2020. This is a fact.
 
2012-05-06 10:48:15 PM  
Naw, if Romney wins January should be herald the start of the new American prosperity. i.e. after he takes over.
 
2012-05-06 10:50:21 PM  

IronTom: Naw, if Romney wins January should be herald the start of the new American prosperity. i.e. after he takes over.


...and shoots all the libruls for being traitors to the country...
 
2012-05-06 10:54:19 PM  

Weaver95: IronTom: Naw, if Romney wins January should be herald the start of the new American prosperity. i.e. after he takes over.

...and shoots all the libruls for being traitors to the country...


Uh huh. that's really likely, Weaver. You don't sound insane at all.
 
2012-05-06 11:02:29 PM  

violentsalvation: Weaver95: IronTom: Naw, if Romney wins January should be herald the start of the new American prosperity. i.e. after he takes over.

...and shoots all the libruls for being traitors to the country...

Uh huh. that's really likely, Weaver. You don't sound insane at all.


you do know I was making a joke, yes?
 
2012-05-06 11:06:23 PM  

Weaver95: violentsalvation: Weaver95: IronTom: Naw, if Romney wins January should be herald the start of the new American prosperity. i.e. after he takes over.

...and shoots all the libruls for being traitors to the country...

Uh huh. that's really likely, Weaver. You don't sound insane at all.

you do know I was making a joke, yes?


Figured but sometimes it is hard to tell.
 
2012-05-06 11:15:18 PM  

violentsalvation: Figured but sometimes it is hard to tell.


that's ok...most of the time I can't tell if the Republicans are insane or just completely clueless.
 
2012-05-06 11:16:25 PM  

Weaver95: violentsalvation: Figured but sometimes it is hard to tell.

that's ok...most of the time I can't tell if the Republicans are insane or just completely clueless.



Yeah, the fact that you're trying to pick one might be the problem.
 
2012-05-06 11:17:12 PM  

violentsalvation: Figured but sometimes it is hard to tell.


I could tell it was a joke. Everything liberals say is a joke! LOL!!!
 
2012-05-06 11:19:04 PM  

IronTom: Naw, if Romney wins January should be herald the start of the new American prosperity. i.e. after he takes over.


How will there be higher employment when the Job Creators (peace be upon them) will just spend all their time sucking his dick?
 
2012-05-06 11:19:58 PM  
I didn't know a decade was only 4 years long
 
2012-05-06 11:23:18 PM  

Codenamechaz: I didn't know a decade was only 4 years long


Math is hard.
 
2012-05-06 11:23:33 PM  

Codenamechaz: I didn't know a decade was only 4 years long


once you understand that Obama's time travel grants hime seventy years of behind the scenes rule, THEN you start to understand the GOP viewpoint on the Obama administration.

you have to admit tho, the Republicans are writing some pretty good Obama fanfic. time travel, mind control, and a bit of space alien/daemonic mind control in there for color. not sure about Gingrich's attempts to write himself into the slash fiction section of the Obama fanfic forums, that seemed kinda icky to me...but hey, he seemed pretty enthusiastic about it so whatever.
 
2012-05-06 11:26:35 PM  

Weaver95: Codenamechaz: I didn't know a decade was only 4 years long

once you understand that Obama's time travel grants hime seventy years of behind the scenes rule, THEN you start to understand the GOP viewpoint on the Obama administration.

you have to admit tho, the Republicans are writing some pretty good Obama fanfic. time travel, mind control, and a bit of space alien/daemonic mind control sex in there for color. not sure about Gingrich's attempts to write himself into the slash fiction section of the Obama fanfic forums, that seemed kinda icky to me...but hey, he seemed pretty enthusiastic about it so whatever.


sorry. I guess the mind control got to me.
 
2012-05-06 11:41:07 PM  
Both sides are bad, so cut taxes.
 
2012-05-06 11:55:53 PM  
Bush got us into this tailspin... Obama has been fighting the Republicans in Congress to pull us out of it, without much success. If Romney becomes president, we're pretty much screwed all the way around.
 
2012-05-06 11:58:10 PM  
From where i sit, things seem to be turning around under the Obama Administration and getting better. Yes. It's slow. But, it is improving.

You're going to need better lies and better liars if you want to make Obama look bad on the economy, Republicans. Good luck, though.
 
2012-05-06 11:58:48 PM  
BTW, subby... They could solve the high unemployment/sluggish growth problem by bringing back all the goddamned jobs that have been sent out of the country over the past decade or so.
 
2012-05-07 12:03:09 AM  

Fark Me To Tears: Bush got us into this tailspin... Obama has been fighting the Republicans in Congress to pull us out of it, without much success. If Romney becomes president, we're pretty much screwed all the way around.


We're really going to need a nice, soundbite-sized slogan to sum up just how horribly Romney will screw America. It's got to be small enough that conservatives can wrap their minds around it.

I suggest: "A vote for Romney is a vote for Chinese as the national language."

Or maybe: "If one wife pisses you off that much, imagine how pissed you'll be with six!"
 
2012-05-07 12:08:19 AM  

Fark Me To Tears: BTW, subby... They could solve the high unemployment/sluggish growth problem by bringing back all the goddamned jobs that have been sent out of the country over the past decade or so.


No, they can't. That's socialism. People are supposed to lift themselves up by their bootstraps and work for their living, not have jobs handed to them. Blah blah blah.
 
2012-05-07 12:11:51 AM  
This is Clinton's and Greenspan's fault initially. Then banks discovered the awesome scam. Now everyone in the world is hurting. Thanks for your contribution, America.
 
2012-05-07 12:13:03 AM  
Outsourcing without tariff consequences has been fabulous for the top 1%.

/just an observation
 
2012-05-07 12:13:51 AM  

Fark Me To Tears: BTW, subby... They could solve the high unemployment/sluggish growth problem by bringing back all the goddamned jobs that have been sent out of the country over the past decade or so.


Woah now, the GOP doesn't want to be talking about specifics. They just want to repeat over and over that Obama wrecked everything and they'll fix it. Details are kind of a problem, and they don't want any of those. It's a fact-free and specific-free campaign.
 
2012-05-07 12:13:51 AM  
I blame Bush.

No, seriously, I blame Bush
 
2012-05-07 12:21:39 AM  

Marcus Aurelius: Outsourcing without tariff consequences has been fabulous for the top 1%.

/just an observation


THIS
 
2012-05-07 12:22:04 AM  

GAT_00: This news story is in fact a repeat, as the exact same thing has been run at least once a month since January 21, 2009. I think it ran first on January 22, 2009.

I don't see deflation, I see government shedding jobs every month, and private employers adding jobs every month. By definition, this is NOT a version of Japan's lost decade.

But please, concern troll more about how it MIGHT suddenly shift into that. It is equally likely that happens as it is we have 9% growth next quarter.


lol
this this and only this
please close the thread
thanks
 
2012-05-07 12:27:02 AM  

Fark Me To Tears: Bush got us into this tailspin... Obama has been fighting the Republicans in Congress to pull us out of it, without much success. If Romney becomes president, we're pretty much screwed all the way around.


well
not everyone is screwed if mitt/bachmann wins.
tax cuts for the rich will help the rich
spending cuts will hurt everyone else
increased debt will hurt everyone's grand children

the MOST AMAZING thing will happen if the mormon wins.
on the DAY he is sworn in, everything for the next 4 years will be blamed on Obama!!
 
2012-05-07 12:28:33 AM  

GAT_00: This news story is in fact a repeat, as the exact same thing has been run at least once a month since January 21, 2009. I think it ran first on January 22, 2009.

I don't see deflation, I see government shedding jobs every month, and private employers adding jobs every month. By definition, this is NOT a version of Japan's lost decade.

But please, concern troll more about how it MIGHT suddenly shift into that. It is equally likely that happens as it is we have 9% growth next quarter.


Damn I love your posts. You're right on the money. We also don't suffer from a monster demographics problem, and we can recognize a bad loan (before anyone snarks, this is a scary problem in Japan, China, and parts of Europe).
 
2012-05-07 12:29:34 AM  

GAT_00: the GOP doesn't want to be talking about specifics. They just want to repeat over and over that Obama wrecked everything and they'll fix it. Details are kind of a problem, and they don't want any of those. It's a fact-free and specific-free campaign.


it is a little creepy
the job creators have had the bush tax cuts for 10 years now?
so, um, WHERE are all the jobs???
seriously

so, the only fair experiment, is to reverse the bush cuts and actually increase the tax on the 1% by the amount they were cut for the last 10 years.
and we can come back in 2022 and see what happened.

/it is the only FAIR thing to do
 
2012-05-07 12:32:31 AM  

Lionel Mandrake: I blame Bush.

No, seriously, I blame Bush


Why limit it to him? Everyone that got sucked into the gigantic scam masquerading as laissez-faire is to blame.
 
2012-05-07 12:40:37 AM  

chiett: It's ALL Bush's fault ..... La La La La La La La La La La La La La La La La La La ....
(fingers in ears)


img3.imageshack.us

We've already had a lost decade, and yes, it was Bush's fault.
 
2012-05-07 12:43:28 AM  
Gosh who would have ever guessed in the 1980s that decades of cutting taxes, eliminating market stabilizing regulations, and flushing money down the military campaign toilet would have negative effects on the economy.

Maybe more tax cuts, bail outs, and less regulations will work this time. I mean, it's never worked before but eventually it's got to. Right?
 
2012-05-07 01:07:51 AM  
Huh. That's not quite on the expected schedule....
 
2012-05-07 01:56:01 AM  
How did that image macro go? Something like "Make it impossible for them to clean up the mess. Then in four years we'll blame the mess on them."
 
2012-05-07 02:22:51 AM  

Mike_LowELL: Taxbongo created zero jobs from 2013 to 2020. This is a fact.


I've also heard he failed to create any American jobs in the sixteenth century! Lazy, time-traveling Obama!

/Seriously, I love what you do. You show up in Orange for a reason.
 
2012-05-07 02:50:12 AM  

Weaver95: 6 months? our problems began with the repeal of Glass-Steagal.


Getting it put back in place is NOT going to happen. Fark, how many REAL pieces of legislation have been passed by this Congress? I'm not talking about the non-binding BS, but actual laws that have been passed to the President?

\I've tried to find a number of laws signed by Bush and Obama, but haven't found anything definitive yet
 
2012-05-07 04:17:58 AM  
Anyone owning an average piece of real estate is so screwed that for that individual it is a lost decade to make up for the damage.
Doesn't matter whether they are employed or not, healthy or sick, inflation or deflation, etc.
 
2012-05-07 04:31:46 AM  
Fark it, I'm almost okay with President Romney. Mainly because we don't deserve anyone better.
 
2012-05-07 04:54:24 AM  
Who would've thought that outsourcing every 'unskilled' job and playing games with fake money on computers would have a negative long-term effect on the economy? The house of cards is teetering...
 
2012-05-07 04:57:06 AM  
No one can be this stupid and remember to breathe without the help of a recording constantly reminding them. Who actually believes this?

You know what? fark it. I'm voting Romney. I want to see it happen. I want to watch the unilateral regression of our society in every way. Let's burn it all down. I never wanted to live to 80 anyway. I'm betting in a few years the Stockholm syndrome will kick in and we'll think it was the greatest thing ever. Pfft, who needs things like the EPA or banking regulations, or currency worth anything, or women who aren't constantly pregnant? Let's give our saviors, the job creators, more tax cuts so that they can provide us with some small charity in the form of emergency food and shelter...so long as we agree to work for them in a multi-year contract for no wages.
 
2012-05-07 05:00:30 AM  
In the US it is popular to whine about the growing inequity between the rich and the poor but it's rather myopic.
Worldwide, there's been a redistribution of wealth from "middle-class" Americans to the rest of the world, China, India, Brazil and elsewhere. Yes, there's an imbalance in the ultrarich in the US but the pull comes from multiple directions and was inevitable.
Joe Average is simply no longer going to achieve the relatively luxurious lifestyle that US citizens enjoyed in the past.
 
2012-05-07 05:02:07 AM  
There's a joke about Obama being expected to successfully divide by zero here, but I can't seem to put my finger on it.
 
2012-05-07 05:03:54 AM  
Ghastly: Gosh who would have ever guessed in the 1980s that decades of cutting taxes, eliminating market stabilizing regulations, and flushing money down the military campaign toilet would have negative effects on the economy.

Maybe more tax cuts, bail outs, and less regulations will work this time. I mean, it's never worked before but eventually it's got to. Right?


"Captain Blackadder, we have a new plan!!"

"Does it involve coming out of our trenches and walking slowly towards the enemy?"

"Yes!! And we've done it 17 times before, so they won't be expecting it this time!!"

(I paraphrase)


Anyway, the GOP is all about triple up economics. They just clothe it in some philosophical bullshiat to try and justify it.
 
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