A nation on the brink

As America is poised to plunge deeper into economic turmoil, far too few are willing to do anything to save us

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Most signs point to the American economy being on the brink of an even greater crisis than 2008.

One analyst on financial cable network CNBC Wednesday said flatly that, "We're on the verge of a great, great depression. The Fed (Federal Reserve) knows it."

Indeed, some are predicting a third round of money printing by the Fed -- which is likely to add to already worrisome inflationary pressures. Fuel and food costs are pinching consumers, the housing market is dipping yet again and manufacturing has slowed. Those who are sitting on large caches of money may be waiting out the anti-business Obama administration, meaning that that money may stay out of circulation for another year and a half at least.

At best, our economy is sputtering when it should have been in recovery months ago.

And yet, our leaders in Washington are tied up in knots over whether to reduce government spending even slightly in return for raising the government's debt ceiling -- and polls show Americans are flirting with re-electing the president who has failed utterly to change the nation's course.

Any other president would've been tarred and feathered with his economic failures -- which, several years in, can no longer be blamed on his predecessor. But not this president.

It makes no sense whatsoever.

Americans need to get over their personal admiration for Barack Obama and check their wallets.

Republicans need to nominate someone with a good shot of winning the White House.

The news media need to stop avoiding all the bad economic news and covering for this president. (The media get apoplectic over Sarah Palin's elusiveness, but they're perfectly content to let this president answer for his dismal record only sporadically, primarily in softball interviews of his choosing.)

And while the president claims to want to talk about the economy and that it's his highest priority, all evidence to the contrary. Watch for another big conversation-starting "quick, look over there!" diversion coming soon. What will it be? Immigration reform?

All the while, this administration's policies continue to hamper economic growth -- from talk of higher taxes to regulating carbon dioxide emissions to suing companies for expanding into right-to-work states.

As part of the debate over whether to raise the federal debt ceiling, Republican leaders pleaded with Mr. Obama last week to agree to spending cuts -- or just to propose some. No dice. As is his wont, he passed the buck and passed on the opportunity to exhibit the leadership necessary to save the country financially. What a shame.

So it appears we are forced to wait him out and hope he is defeated next year.

Democrats found a great formula for a presidential candidate in 2008 -- a man with a vague past and no record to speak of that could be picked apart by opponents: This is a man who voted "present" nearly 130 times as an Illinois legislator. We weren't sure where he was born, but knew where he lived: under the radar.

Now, however, he's got a record -- and, as GOP presidential candidate Mitt Romney summed up, "Barack Obama has failed America."

Yea verily, we've tried the Obama approach -- vastly increased government spending, mostly on more government; vastly increased regulations; threaten the rich with higher taxes -- and it's been a spectacular fireball of flop. Even Bill Clinton's Labor secretary, Robert Reich, blasted the Obama administration's handling of the economy in a newspaper column last week.

As the economy flounders, when will the question be asked: Shouldn't we try something else to stimulate the economy, such as a free-market approach?

We need to get over our personality-based politics and our obsessive idol worship and understand that, in the next year and a half, we're going to decide what kind of country we want to leave to our children.

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allhans
24885
Points
allhans 06/04/11 - 09:38 pm
0
0
Retired Army..I'll bet you

Retired Army..I'll bet you know who brought about the lowering of regulations on banks, Wall Street, and the BIGGIE
- the housing market .

Riverman1
93643
Points
Riverman1 06/04/11 - 10:21 pm
0
0
We just had our Arab Spring a

We just had our Arab Spring a couple of years early in the U.S. with Obama's election. It's time to get the rabble back under control. No workie, no money. In the foreign policy realm, unleash Israel in the mideast. Elect a Jehovah's Witness or something.

southernguy08
532
Points
southernguy08 06/05/11 - 06:14 am
0
0
Evidence shows that Barney
Unpublished

Evidence shows that Barney Frank, not a Republican, was key to getting regulations loosened to allow people who obviously couldn't afford homes, to get loans from Freddie Mac and Fannie Mae, 2 Federal institutions, with little or no collateral. Now, we've got millions of defaults worth BILLIONS and the taxpayers, once again, are footing the bill. Meanwhile, Frank is denying all charges and his idiot constituents in Mass. keep sending him back. Gives a new meaning to the term, "Love isn't just blind...its deaf, dumb, and stupid." Of course, somehow, its all George Bush and the Republicans fault.

draksig
167
Points
draksig 06/05/11 - 06:32 am
0
0
And when Obama runs for

And when Obama runs for re-election, he will once again run against Bush instead of whoever the Republican nominee is, just like he did in 2008.

comet2u
28
Points
comet2u 06/05/11 - 08:18 am
0
0
So who out of the menagerie

So who out of the menagerie are ya'll going to elect to save us from the brink of destruction now the lady from Alaska, Newt, Edwaway, Christie et al are dropping like flies. Getting deeper than the bottom of the barrel now. But you've got my vote no matter who y'all want.

copperhead
1035
Points
copperhead 06/05/11 - 08:32 am
0
0
When the fed admits that we

When the fed admits that we are "on the brink", you can bet we have already passed the point of no return.

Tyler-Ray_Daddy
44
Points
Tyler-Ray_Daddy 06/05/11 - 08:53 am
0
0
Excuse me if you're a regular

Excuse me if you're a regular to these posts & already saw this yesterday:

*If any other of our presidents had doubled the national debt like Obama has, which had taken more than two centuries to accumulate, in one year, would you have approved?*

*If any other of our presidents had then proposed to double the debt again within 10 years, would you have approved? *

*If any other of our presidents had criticized a state law that he admitted he never even read, would you think that he is just an ignorant hot head? *

*If any other of our presidents joined the country of Mexico and sued a state in the United States to force that state to continue to allow illegal
immigration, would you question his patriotism and wonder who's side he was on? *

*If any other of our presidents had pronounced the Marine Corps like Marine Corpse, would you think him an idiot? *

*If any other of our presidents had put 87,000 workers out of work by arbitrarily placing a moratorium on offshore oil drilling on companies that
have one of the best safety records of any industry because one foreign company had an accident, would you have agreed? *

*If any other of our presidents had used a forged document as the basis of the moratorium that would render 87000 American workers unemployed would you support him? *

*If any other of our presidents had been the first President to need a Teleprompter installed to be able to get through a press conference, would you have laughed and said this is more proof of how inept he is on his own and is really controlled by smarter men behind the scenes? *

*If any other of our presidents had spent hundreds of thousands of dollars to take his First Lady to a play in NYC, would you have approved? *

*If any other of our presidents had reduced your retirement plan holdings of GM stock by 90% and given the unions a majority stake in GM, would you have approved? *

*If any other of our presidents had made a joke at the expense of the Special Olympics, would you have approved? *

*If any other of our presidents had given Gordon Brown a set of inexpensive and incorrectly formatted DVDs, when Gordon Brown had given him a thoughtful and historically significant gift, would you have approved? *

*If any other of our presidents had given the Queen of England an iPod containing videos of his speeches, would you have thought it a proud moment for America ? *

*If any other of our presidents had bowed to the King of Saudi Arabia would you have approved? *

*If any other of our presidents had visited Austria and made reference to the nonexistent "Austrian language," would you have brushed it off as a minor slip? *

*If any other of our presidents had filled his cabinet and circle of advisers with people who cannot seem to keep current in their income taxes,
would you have approved? *

*If any other of our presidents had stated that there were 57 states in the United States , wouldn't you have had second thoughts about his capabilities? *

*If any other of our presidents would have flown all the way to Denmark to make a five minute speech about how the Olympics would benefit him walking out his front door in his home town, would you not have thought he was a self-important, conceited, egotistical jerk. *

*If any other of our presidents had been so Spanish illiterate as to refer to "Cinco de Cuatro" in front of the Mexican ambassador when it was the 5th of May (Cinco de Mayo), and continued to flub it when he tried again, wouldn't you have winced in embarrassment? *

*If any other of our presidents had burned 9,000 gallons of jet fuel to go plant a single tree on Earth Day, would you have concluded he's a hypocrite?*

*If any other of our presidents' administrations had okayed Air Force One flying low over millions of people followed by a jet fighter in downtown Manhattan causing widespread panic, would you have wondered whether they actually get what happened on 9-11? *

*If any other of our presidents had failed to send relief aid to flood victims throughout the Midwest with more people killed or made homeless than in New Orleans , would you want it made into a major ongoing political issue with claims of racism and incompetence? *

*If any other of our presidents had created the position of 32 Czars who report directly to him, bypassing the House and Senate on much of what is happening in America , would you have ever approved. *

*If any other of our presidents had ordered the firing of the CEO of a major corporation, even though he had no constitutional authority to do so, would you have approved? *

*So, tell me again, what is it about Obama that makes him so brilliant and impressive? *

*Every statement and action above is factual and directly attributable to Barrack Hussein Obama. Every bumble is a matter of record and completely verifiable. *

AND NOW, HE ACTUALLY WANTS US TO RE-ELECT HIM. HA WAKE UP AMERICA 2012 IS UPON US.

allhans
24885
Points
allhans 06/05/11 - 09:45 am
0
0
Tyler-Ray. But he is sooo

Tyler-Ray. But he is sooo adorable. :)

onlysane1left
223
Points
onlysane1left 06/05/11 - 10:31 am
0
0
Funny how the blame and the

Funny how the blame and the credit shifts from president to congress, yet, nothing changes. Even if Obama isn't re-elected, what will it solve? Will Congress change? Will the next president have the agenda of the people instead of his own design? The hope of better things is just hope if you can not change the present. If you allow the same type of people to enter the system and continue the same bipartisan "democracy" that we currently have, nothing will change. Common people with everyday problems, (i.e., teachers, firefighters, laborers, etc.) need to be infused into politics, not businessmen, lawyers, community organizers, or celebrities.

KSL
143809
Points
KSL 06/05/11 - 10:40 am
0
0
blackindependent
1
Points
blackindependent 06/05/11 - 12:30 pm
0
0
Don't you GET IT??? The Obama

Don't you GET IT??? The Obama supporters don't vote based on results or even platform. They vote from HABIT and the fact that the media, having made such a heavy emotional, philosophical and editorial investment in his presidency, will fight like heck to paint him as the political equivalent of the anointed one of God.

The verbal faux paux above are really nothing compared to:
The economy is in shambles Unemployment is at 9.1%. Mortgagors owe more than their homes are worth, simply because the value of their homes has plummeted due to a rotten housing market. The price of gas has nearly doubled since Obama came to power. Almost nothing is manufactured in the USA anymore because the government favored unions have made our products too expensive for US to buy.

Our corporate tax rate is the highest i n the free world. Even the rock stars from Britain have stopped coming here to escape the British tax rates. There are more government workers reporting to the president than ever before, and a large number of them are avowed communists, socialists, terrorists and anti capitalists.

The same American people that claimed Sarah Palin's eight plus years as mayor and governor made her less qualified for president than a one third term U.S. Senator with almost a hundred "PRESENT" votes will no doubt flock to the polls in large numbers and vote for him again no matter who runs against him. The only chance for Obama's defeat in 2012 is for his own base to abandon him and stay home. He will get 95% of the African-American and the media vote no matter how bad things get.

I personally am rooting for total collapse of our system so that those who survive the chaos will have the courage and the wisdom to start fresh and try to make sure nothing like this ever happens again.
I would prefer a return to a basic constitutional democratic republic (which we DON'T have now) or anarchy.

If enough American patriots are able to prevent and reverse the political trends that we are experiencing and a true democratic republic again rises from these ashes, then we should be able to rebuild no matter how destructive and bruising the fight happened to be.

It won't be pretty, but I don't see all that much to be so proud of right now, either.

Haki
31
Points
Haki 06/05/11 - 01:41 pm
0
0
@independent, anyone rooting

@independent, anyone rooting for an entire collapse of our system contributes to the problems in our great country. I'm rooting for you to find some faith in your fellow citizens.

faithson
5526
Points
faithson 06/05/11 - 01:45 pm
0
0
This editorial board acts

This editorial board acts like dysfunctional parents, who in the here and now blame the misbehavior of their children on the children, not their own inattentiveness and self aggrandizing behavior when 'raising' their children. You would be a fool should you believe all that bedevils this country is one man. You would also be misinformed if you thought the solutions were in the people who profess a 'lock step' way out. Solutions, as any team player knows, come in the 'in-between'...

blackindependent
1
Points
blackindependent 06/05/11 - 02:09 pm
0
0
@Haki, So, my THOUGHTS about

@Haki, So, my THOUGHTS about something is more harmful than what is actually being DONE by others? Now THAT is a contributor if I ever saw one! my dissatisfaction with what is going on is not so much about the politicians as about people who think like THAT.

The way I figure, I need to ignore or bypass those of my fellow citizens who have so little faith in themselves AND our country and focus on those who, like me, would rather see it start from scratch than destroy itself as we are trying to do.

But thanks for your thoughts.
I know you wish the best for our country, but I imagine if you wish on one hand and poop on the other, we both know which one will fill up first.

blackindependent
1
Points
blackindependent 06/05/11 - 02:13 pm
0
0
This country is at war with

This country is at war with itself for control of it's very soul. There is no way I will ever compromise on my principles. They are all I have.
That and my God and my guns.

socks99
250
Points
socks99 06/05/11 - 02:44 pm
0
0
The best approach for

The best approach for concerned citizens is to study and understand the link between poor fiscal stewardship and a lower standard of living. Spread the word far and wide!

While I do agree that PBO is particularly unsuited to lead the U.S. in a time of crisis, his immediate predecessor was but a bit more effective. In fact, it has been many, many years since America elected an effective and honest President.

If the focus can be left on the bottom-line -- fiscal stewardship -- I think a broad cross section of Americans could then support the candidate who has the best track record in regards to management.

My personal preference would see the Impeachment and removal from office of PBO. There is ample evidence that he conspired to halt the enforcement of federal immigration law. Biden would be a 'safer' choice to lead America until the next election.

blackindependent
1
Points
blackindependent 06/05/11 - 03:04 pm
0
0
While I disagree with many of

While I disagree with many of the things that George Bush wrought, I disagree that he was not effective on honest.

In fact, it has been a VERY long time since we had a CONSTITUTIONAL president, and that is one who protects us from our enemies, foreign and domestic. There is nothing in the constitution that mandates a president "create jobs, build cars, appoint czars, allow open borders, pick economic winners and losers.

There was not one major terrorist attack during Bush's terms, and we were on decent terms with our friends abroad. That is all the president needs to do for ME. I have paid for my own health care coverage for decades, created jobs and found jobs of my own. I have been the most important factor in the health, education and welfare of my children and grandchildren. All this I did without the helpp of the president.

George Bush's failings came only when he tried to expand the role of the president to include the issues I raised above.

The president does so much these days the governors are almost useless, especially when they actually try to govern and the president doesn't like it.

This nation was under a great financial stewardship during the Reagan and Clinton administrations, but it all fell apart when the congressional hacks in both parties, along with the assent of the president, began to increase the power of the government to control more and more of the lives of it's citizens by buying their votes and support with more and more goodies confiscated from productive Americans.

I don't see trying to impeach Obama. The constitution, other than through the electoral process, does not provide sanctions against the president for making dumb decisions.

If only a way could be found to impeach idiots posing as voters.

madgerman
236
Points
madgerman 06/05/11 - 05:42 pm
0
0
Wow I must have missed the
Unpublished

Wow I must have missed the news conferences (Q and A) for all the conservatives running for the money. The scripted interviews by fox is not an open news discussion. I really think the next president will be the one who: Insures american workers have a job that pays a living wage. Insures that americans have an health plan that covers everyone and not just the haves. That ensures that everyone pays the same percentage of their total income as Medicare/ social security tax and who starts to get us out of our decaces long support of a country that perpretated one of the worst terrorist attacks against our navy in history. So I guess you know whop the next President is going to be, unless someone without a few talking points comes to the front.

Haki
31
Points
Haki 06/05/11 - 06:13 pm
0
0
@independent, "constitutional

@independent, "constitutional president!" A president has never acted purely unilaterally. It's in the constitution.

RonRoberts
66
Points
RonRoberts 06/05/11 - 06:26 pm
0
0
Gotta love the Augusta

Gotta love the Augusta Comical editorial board... did you know we were "several years in" to Obama's tenure, and not just 2 1/2 (all of which with a filibustered Senate and the last five months with a GOP-controlled House)? Nope, we're "several" years in, now, so Bush is off the hook for our economic woes! What a relief!

Nevermind that there's been job GROWTH 15 of the last 17 months; nevermind that in Bush's last 13 months, job losses kept growing and growing, and while the losses continued in Obama's first 9 months, we stemmed the tide and pushed it in the other direction. Nevermind that the 2nd stimulus bill saved millions of jobs (it may not have created many millions more, but it DID save millions of jobs - ask a GM or Chrysler employee...)

“When I promised you ‘change you can believe in’, I did not promise change you can believe in, in eighteen months” – President Obama

We are an impatient, ADHD nation; expecting immediate results, but folks, this mess took decades to make, took eight years to make horrendously worse with two multi-billion dollar wars and massive debt from tax cuts to the wealthiest 2%. and as long as we have the form of government that allows a minority party to filibuster passage of a bill with 41 out of 100 votes (a CLEAR minority), change and results will only be slowed. The minority party doesn't WANT the economy to improve, folks. Do you GET that? They want you and I to continue to struggle, so that they, politically, can gain from it. You DO see that, right?

Of course not; it's much easier to just point across the political spectrum and blindly blame; this very same editorial board endorsed a first, then second term for George W. Bush. Need I say more?

justthefacts
25031
Points
justthefacts 06/05/11 - 06:53 pm
0
0
Ha, with 4.2 million lost

Ha, with 4.2 million lost jobs since taking office, supporters of President Obama should probably not try to compare job growth with GWB.

Chillen
17
Points
Chillen 06/05/11 - 07:00 pm
0
0
No doubt we are spiraling out

No doubt we are spiraling out of control. Our economy was in trouble when obama took over. He has totally destroyed any chance of recovery.

I love the liberals definition of our job growing. It takes about 150,000 jobs per month just to keep up with population growth. 50,000 "new" jobs is a loss of 100,000.

Chillen
17
Points
Chillen 06/05/11 - 07:09 pm
0
0
If there was any doubt in

If there was any doubt in your mind as to how bad obama is for America, please cruise over and browse this article. Its short & to the point.

http://www.rootforamerica.com/blog/index.php?entry=entry

For those who aren't interested in reading the whole thing, here's a nice clip from it.

"Obama & his socialist cabal have channeled Hoover & FDR, who turned an ordinary bust into The Great Depression with a toxic strategy of more government, more spending, more debt, more rules & regulations strangling business, higher minimum wages, more power to unions, more entitlements, higher taxes, more printing of money by Fed, and trade tariffs. This is the Obama blueprint...."

It goes on to compare now to 1929, talks about the 1 of 5 federal employees who make more than 100K per year, pensions, etc......and it concludes with his recommendations.

It sums up everything I've been saying for over a year.

MJ-12
0
Points
MJ-12 06/05/11 - 07:18 pm
0
0
Simple lesson - social

Simple lesson - social democracy is superior to the unbridled capitalism Chillen and so many other advocate for so much. In almost every indicant. The free market approach makes the few happy at the expense of the great many.

A study was released today on the top countries to live in with the happiest people(in general) and the United States didn't even make the cut. But you know what countries did? European countries with a MIX of BOTH socialist and captiolist programs. Why are Americans so much against "socialist countries". It's probably because they don't know the definition for socialism, they just think socialism is bad. The people in these countries are just as free as the Americans. Social systems and education are much better. Most of these countries are thriving now and the people are happier, while USA faces bankruptcy and depression. But what do I know?....No one here will agree to that, not even while his ship is sinking.

Yet the rich think America is #1........

Spend more on military than the rest of the world combined, spend more on prisons than education..........

Yep, yep, yep.......

Income inequality.....

Yet the rich still harp on about the bottom feeders not paying income taxes.......all the while they pay the LOWEST income taxes ever and get an extension and Boner says tax hikes are off the table........

Yep, yep, yep............happy days are a coming..........no, I think not......bloodshed is a coming, just like in Yemen, Libya, Egypt.......let it be the blood from the rich who have destroyed this country...........

Riverman1
93643
Points
Riverman1 06/05/11 - 07:22 pm
0
0
MJ-12, everytime the

MJ-12, everytime the government gets involved guaranteeing loans or whatever, trouble develops.

Riverman1
93643
Points
Riverman1 06/05/11 - 07:30 pm
0
0
"A study was released today

"A study was released today on the top countries to live in with the happiest people(in general) and the United States didn't even make the cut. But you know what countries did? "

I read that article and it was interesting. But I'd compare Columbia County to any of them using the same criteria.

southernguy08
532
Points
southernguy08 06/05/11 - 07:36 pm
0
0
RON, while you're blaming
Unpublished

RON, while you're blaming Bush for everything evil, you seemed to have forgotten that Obama added 3 trillion to our debt his first year, has kept us in these wars that he criticized, and even ADDED troops in Afghanistan. The economy has gone from bad to worse, with an enemic 1.8% annual growth and unemployment more than 9%, even though Obama claimed it would never go above 8 if he got his stimulus packages. He got them and the economy still is in the dumper. Need I say more?

justthefacts
25031
Points
justthefacts 06/05/11 - 07:41 pm
0
0
I think the "bottom feeders"

I think the "bottom feeders" have it pretty good here as compared to Yemen, etc. They wouldn't want to kill the old proverbial goose. That would require effort. And if they do, who is going to support them?

KSL
143809
Points
KSL 06/05/11 - 07:57 pm
0
0
MJ-12, you do know what

MJ-12, you do know what country was behind that so-called study. I'd call it pretty darned "fishy."

Pu239
284
Points
Pu239 06/05/11 - 09:10 pm
0
0
MJ-12 is this what you were
Unpublished

MJ-12 is this what you were implying? "The happiest people in the developed world get loads of social services without having to work too hard. Having abundant natural resources, a thriving services sector and a fairly homogeneous population helps as well." Sounds like bottom feeders to me.......emphasis on loads of social services without having to work too hard?

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