The results of Obamanomics
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  The results of Obamanomics
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Author Topic: The results of Obamanomics  (Read 13620 times)
CARLHAYDEN
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« on: March 16, 2011, 08:34:05 AM »

Housing Starts See Biggest Drop Since 1984

Published: Wednesday, 16 Mar 2011

Reuters

U.S. housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history.

http://www.cnbc.com/id/42106368


Wholesale prices rise 1.6 pct. due to biggest jump in food costs in more than 36 years

The Associated Press, Wednesday, March 16

WASHINGTON — Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years.

http://www.washingtonpost.com/wholesale-prices-rise-16-pct-due-to-biggest-jump-in-food-costs-in-more-than-36-years/2011/03/16/ABpLKcd_story.html
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Franzl
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« Reply #1 on: March 16, 2011, 08:40:00 AM »

lol
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opebo
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« Reply #2 on: March 16, 2011, 11:38:45 AM »

'Obamanomics'?  You mean his continuation of every economic policy precisely as it was implemented by the previous administration?
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Grumpier Than Uncle Joe
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« Reply #3 on: March 16, 2011, 11:50:39 AM »

'Obamanomics'?  You mean his continuation of every economic policy precisely as it was implemented by the previous administration?

Except for the stimulus & HCR, that's quite true.
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All Along The Watchtower
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« Reply #4 on: March 21, 2011, 11:52:25 AM »

'Obamanomics'?  You mean his continuation of every economic policy precisely as it was implemented by the previous administration?

Yeah, and cutting taxes on most people, raising a small number of Medicare and HCR-related taxes, and letting EVERYBODY keep their Bush tax cuts.

What a tax-and-spend socialist.
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CARLHAYDEN
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« Reply #5 on: March 25, 2011, 03:17:26 PM »

Update:

March consumer sentiment lowest in over a year

 NEW YORK | Fri Mar 25, 2011
 (Reuters) - Consumer sentiment in March fell to its lowest level in more than a year as gasoline and food prices rose, a survey released on Friday showed.

http://www.reuters.com/article/2011/03/25/us-usa-economy-sentiment-idUSTRE71O3RO20110325
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #6 on: March 25, 2011, 04:51:02 PM »

And what influence over gas prices does Obamanomics (as silly a term as Reaganomics) have?  The current spike in energy prices has nothing to do with domestic economic policy whatsoever.
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Fmr President & Senator Polnut
polnut
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« Reply #7 on: March 26, 2011, 06:53:55 AM »

Exactly, Obama can do very little to control inflation, especially when there's international factors affecting gas prices.
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t_host1
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« Reply #8 on: March 26, 2011, 07:22:25 PM »
« Edited: March 26, 2011, 07:26:00 PM by t_host1 »

Exactly, Obama can do very little to control inflation, especially when there's international factors affecting gas prices.


  I'm not sure if I'm comforted that our President, Barack H. Obama is not a international player having no influence with economics.

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Fmr President & Senator Polnut
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« Reply #9 on: March 27, 2011, 12:17:51 AM »

Exactly, Obama can do very little to control inflation, especially when there's international factors affecting gas prices.


  I'm not sure if I'm comforted that our President, Barack H. Obama is not a international player having no influence with economics.




NO president can really influence the international economy anymore... the only reason people like Merkel or Sarkozy have some influence is because of their role within the EU.
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Verily
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« Reply #10 on: March 27, 2011, 03:42:28 PM »

Exactly, Obama can do very little to control inflation, especially when there's international factors affecting gas prices.


  I'm not sure if I'm comforted that our President, Barack H. Obama is not a international player having no influence with economics.

Then you had better be comfortable with no President having such power because no President ever has. Presidents can destroy the international economy if they wish (obviously none do), but it is not possible for domestic policy to positively affect the international economy much if at all, certainly not on a scale of only a few years.
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Yelnoc
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« Reply #11 on: March 27, 2011, 07:41:14 PM »

This thread title is so ignorant it makes me Sad
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CARLHAYDEN
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« Reply #12 on: March 28, 2011, 10:42:05 AM »

And what influence over gas prices does Obamanomics (as silly a term as Reaganomics) have?  The current spike in energy prices has nothing to do with domestic economic policy whatsoever.

First, Obama has opposed development of domestic energy resources.

Second, Obama has opposed development of new (more efficent) refineries.

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CARLHAYDEN
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« Reply #13 on: March 28, 2011, 10:44:47 AM »

Exactly, Obama can do very little to control inflation, especially when there's international factors affecting gas prices.

Sorry, but you are confusing cause and effect.

Rising prices are a result of inflation.

Inflation is the relationship between the money supply and goods and services available.

Take a look at the federal budgets (and deficits) under Obama.

The Federal Reserve has been dumping money into the economy to cover the deficit.
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Fmr President & Senator Polnut
polnut
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« Reply #14 on: March 28, 2011, 06:23:32 PM »

Exactly, Obama can do very little to control inflation, especially when there's international factors affecting gas prices.

Sorry, but you are confusing cause and effect.

Rising prices are a result of inflation.

Inflation is the relationship between the money supply and goods and services available.

Take a look at the federal budgets (and deficits) under Obama.

The Federal Reserve has been dumping money into the economy to cover the deficit.

a) Thank you, being a total imbecile I had no idea what inflation was... however, inflation isn't some ogre running around putting prices up... it's both a chicken and egg proposal. Per example... in Australia we had long-running drought which led to increases in the wholesale prices of lamb, wheat, milk etc etc - those factors increased the headline inflation rate. Inflation doesn't cause the price to rise on it's own, the external and internal factors caused fluctuations to the inflation rate - so inflation is a REFLECTION of price increases caused by other factors.

b) the federal reserve has nothing to do with Obama, since it's an independent regulatory authority. 
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CARLHAYDEN
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« Reply #15 on: March 29, 2011, 11:19:34 AM »

Exactly, Obama can do very little to control inflation, especially when there's international factors affecting gas prices.

Sorry, but you are confusing cause and effect.

Rising prices are a result of inflation.

Inflation is the relationship between the money supply and goods and services available.

Take a look at the federal budgets (and deficits) under Obama.

The Federal Reserve has been dumping money into the economy to cover the deficit.

a) Thank you, being a total imbecile I had no idea what inflation was... however, inflation isn't some ogre running around putting prices up... it's both a chicken and egg proposal. Per example... in Australia we had long-running drought which led to increases in the wholesale prices of lamb, wheat, milk etc etc - those factors increased the headline inflation rate. Inflation doesn't cause the price to rise on it's own, the external and internal factors caused fluctuations to the inflation rate - so inflation is a REFLECTION of price increases caused by other factors.

b) the federal reserve has nothing to do with Obama, since it's an independent regulatory authority. 

No, " inflation isn't some ogre running around putting prices up," its a (relative) increase in the money supply relative to the amount of goods and services in the economy.

Now, price increases (or decreases) can occur for reasons other than inflation (shortage or glut of particular product/services relative to demand).  This cover's the "drought" to which you refer with respect to food prices.  However, as important as they are, food prices are not the entire economy, and increases in food prices may be offset by decreases in other parts of the economy.

In conclusion, price increases across the economy are the result of inflation, not a reflection!

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CARLHAYDEN
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« Reply #16 on: March 29, 2011, 05:30:22 PM »

Instant View: Consumer confidence falls in March

NEW YORK | Tue Mar 29, 2011

 (Reuters) - U.S. consumer confidence fell in March after hitting a three-year high in the prior month as expectations about jobs and income growth worsened, according to a private sector report released on Tuesday.

KEY POINTS: * The Conference Board, an industry group, said its index of consumer attitudes fell to 63.4 in March from a revised 72.0 in February. The median of forecasts from analysts polled by Reuters was for a reading of 65.0.

http://www.reuters.com/article/2011/03/29/us-usa-economy-instant-idUSTRE72S3PI20110329
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CARLHAYDEN
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« Reply #17 on: March 31, 2011, 07:21:47 AM »

Gasoline up 100% under Obama

Gas prices have doubled since Mr. Obama took office.

http://www.washingtontimes.com/blog/watercooler/2011/mar/30/gas-prices-double-under-obama/
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Fmr President & Senator Polnut
polnut
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« Reply #18 on: March 31, 2011, 07:34:18 AM »

US has always paid too little for petrol anyway... but petrol prices have gone up EVERYWHERE...
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True Federalist (진정한 연방 주의자)
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« Reply #19 on: March 31, 2011, 12:17:13 PM »

On an inflation adjusted basis, the last tie we had a sustained period with gasoline prices this high was Reagan's first term.  Not only that the historical average in 2010 dollars for the period 1918 to 2010 is $2.39.  As bad as prices have gotten, they still haven't returned to their July 2008 average of $4.00 per gallon.  Nor is the current instability in Libya and the Middle East that are causing the current spike in prices due to Obama. But don't let facts confuse you Carl.  They seemingly never do.

(source used for the facts above)
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CARLHAYDEN
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« Reply #20 on: March 31, 2011, 04:53:24 PM »
« Edited: March 31, 2011, 04:59:06 PM by CARLHAYDEN »

On an inflation adjusted basis, the last tie we had a sustained period with gasoline prices this high was Reagan's first term.  Not only that the historical average in 2010 dollars for the period 1918 to 2010 is $2.39.  As bad as prices have gotten, they still haven't returned to their July 2008 average of $4.00 per gallon.  Nor is the current instability in Libya and the Middle East that are causing the current spike in prices due to Obama. But don't let facts confuse you Carl.  They seemingly never do.

(source used for the facts above)

You are the one who is confused.

I posted the source for the assertion.

You merely continue your assertions the Obama is blameless.

Oh, and gasoline is over $4.00 a gallon in California.

Oh, and here's something from ABC:

The weekly national average gas price showed the highest price ever during the month of March and the seventh consecutive increase this week, according to the Department of Energy.

http://abcnews.go.com/Business/gas-prices-7th-consecutive-weekly-increase-middle-east/story?id=13240889

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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #21 on: March 31, 2011, 06:43:26 PM »

You are the one who is confused.

I posted the source for the assertion.

No, you posted a link for your data.  Neither your source, nor you gave any reason why there would be a connection for why Obama was responsible beyond the fact that Obama happened to be president at the time.

You merely continue your assertions the Obama is blameless.

No, continuing to point out that you haven't proven your assertions that Obama is the sole or even the primary cause for the rise in gas prices.  By your 'logic', Reagan was to blame for the the equally high gas prices (in inflation adjusted dollars) during his first term as during Obama's term so far.

Oh, and gasoline is over $4.00 a gallon in California.

So gas is significantly more expensive in California than in the nation as a whole.  That most certainly is not news.  I don't know why you bothered with that particular factoid except to mislead.

Oh, and here's something from ABC:

The weekly national average gas price showed the highest price ever during the month of March and the seventh consecutive increase this week, according to the Department of Energy.

http://abcnews.go.com/Business/gas-prices-7th-consecutive-weekly-increase-middle-east/story?id=13240889

Judging by the report, they didn't use inflation adjusted dollars, making the comparison between Marches a pretty much a foregone conclusion.  Not that it couldn't be the case even if they did use unflation-adjusted dollars, what with the overseas shocks to the oil market and the trend for increasing gas prices that was established during the Bush years. Absent the sharp drop in gas prices due to the collapse of the housing bubble in 2008, if the rate of increase in gas prices from 2001-2007 was continued into 2011, gas prices would be around $6/gallon today.  Not that I blame Bush anymore than I blame Obama.  Unlike you, I don't see presidents or governments as all-powerful entities that could make everything a utopia if they only followed the right policies.  Nor do I make the mistake of assuming that one can extrapolate current trends as if they will continue without interruption.  It could well be that by Election Day that gas prices will be $7/gallon, or they could be $2/gallon.  I hope they don't go much lower than $2/gallon as I think that could only happen if we had something as bad as the 2008 collapse of the housing bubble happen to us again.
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CARLHAYDEN
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« Reply #22 on: April 01, 2011, 01:17:12 AM »

Ernest,

Don't you EVER feel a little embarrassed in constantly flacking for Obama?

Now, I abide by the rules which require that I link to an article rather than posting it.

You merely make assertions that Obama is completely blameless.

To you, there can NEVER be any reason why Obama can ever be wrong!  Its what makes you so unreasonable. 

Finally, you misrepresent my position.  I have NEVER suggested that government policies can "make everything a utopia."  However, unlike you, I can recognize when such policies create a disaster.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #23 on: April 01, 2011, 09:35:21 AM »

CARL, you seem to think that anyone who thinks that Obama isn't to blame for everything must believe he is blameless, just as you believe that anyone who doesn't agree with your opinions on how best to secure the border must believe that the border should be unguarded.  You express a point of view that is very black and white with no shades of gray and in which you are the defender of a small pinprick of white in a vast sea of black.
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CARLHAYDEN
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« Reply #24 on: April 01, 2011, 02:25:13 PM »

CARL, you seem to think that anyone who thinks that Obama isn't to blame for everything must believe he is blameless, just as you believe that anyone who doesn't agree with your opinions on how best to secure the border must believe that the border should be unguarded.  You express a point of view that is very black and white with no shades of gray and in which you are the defender of a small pinprick of white in a vast sea of black.

Ernestm I think whereas you believe (in Obama).

So far all you have had to say is to defend Obama on everything, without, I note, citing sources and data!

Also, you have suggested NOTHING about securing the border other than criticisms of each and every effort in that area.  So, please provide your example of border security you supposedly support.
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