What's new
Fantasy Football - Footballguys Forums

Welcome to Our Forums. Once you've registered and logged in, you're primed to talk football, among other topics, with the sharpest and most experienced fantasy players on the internet.

Thank Obama For Your Higher Gas Prices (1 Viewer)

Otis said:
Can we thank him for being the best economic president ever?

http://www.forbes.com/sites/adamhartung/2013/05/16/economically-could-obama-be-americas-best-president/
Click to expand...
In 2000, at the end of Clinton’s administration, the Consumer Confidence Index was at a record high 140. By January, 2009 this index had fallen to an historic low of 25.3. Comparatively, when Reagan took office at the end of the economically weak Carter years the Confidence Index was still at 74.4! Today this measure of how people feel about the country is still nowhere near 2000 levels, but it is almost 3 times better than 4 years ago.

Significantly, in 2000 America had a budget surplus. By 2009 surpluses were long gone and the country was racking up historic deficits as taxes were cut while simultaneously outlays for defense skyrocketed to cover costs of wars in Iraq and Afghanistan. Additionally, banks were on the edge of failing due to unregulated real estate speculation and massive derivative losses.

Today the Congressional Budget Office is reporting a $200B decrease in the deficit almost entirely due to increased revenue from a growing economy and higher taxes on the wealthiest Americans. The deficit is now only 4% of the GDP, down from over 10% at the end of Bush’s administration – and projections are for it to be only 2% by 2015 (before Obama leaves office.) America’s “debt problem” seems largely solved, and almost all due to growth rather than austerity.

We can largely thank a fairer tax code, improved regulation and consistent SEC enforcement. Also, major strides in health care reform – something no other President has accomplished – has given American’s more faith in their future, and an increased willingness to invest.

 
Todd Andrews said:
Otis said:
Can we thank him for being the best economic president ever?

http://www.forbes.com/sites/adamhartung/2013/05/16/economically-could-obama-be-americas-best-president/
Click to expand...
In 2000, at the end of Clinton’s administration, the Consumer Confidence Index was at a record high 140. By January, 2009 this index had fallen to an historic low of 25.3. Comparatively, when Reagan took office at the end of the economically weak Carter years the Confidence Index was still at 74.4! Today this measure of how people feel about the country is still nowhere near 2000 levels, but it is almost 3 times better than 4 years ago.

Significantly, in 2000 America had a budget surplus. By 2009 surpluses were long gone and the country was racking up historic deficits as taxes were cut while simultaneously outlays for defense skyrocketed to cover costs of wars in Iraq and Afghanistan. Additionally, banks were on the edge of failing due to unregulated real estate speculation and massive derivative losses.

Today the Congressional Budget Office is reporting a $200B decrease in the deficit almost entirely due to increased revenue from a growing economy and higher taxes on the wealthiest Americans. The deficit is now only 4% of the GDP, down from over 10% at the end of Bush’s administration – and projections are for it to be only 2% by 2015 (before Obama leaves office.) America’s “debt problem” seems largely solved, and almost all due to growth rather than austerity.

We can largely thank a fairer tax code, improved regulation and consistent SEC enforcement. Also, major strides in health care reform – something no other President has accomplished – has given American’s more faith in their future, and an increased willingness to invest.
Click to expand...
In 2000 the baby boom generation was aged 54 to 36. This was the tipping of their "borrowing and buying" portion of their generation.

That means in the 80's and 90's as they went from being aged 34 to 16 to be aged 54 to 36 they borrowed and spent a ####load of money into the economy. All dollars are borrowed into existence, so this produced easy natural inflation in order for everyone to get richer on the assets they owned.

From the tipping point of 2000 to 2008 the baby boom generation began to be in "payoff and sell" mode. When debt is paid off, money is extingusihed. This was producing natural deflation. By 2008 it was so bad people were blaming banks and governments for bad lending and bad policies. We've been on quantitavite easing (QE) ever since. QE is articificial inflation to offset the natural deflation of the baby boom. It's essentially life support for the US dollar.

The point is, whoever is in the White House has nothing to do with this. It's comprised of two things: 1) the demographics of the country; and 2) the policies of the Federal Reserve. The only thing the president has to do with that is naming people to the 7 seats of the Federal Reserve board of directors that are not filled by the presidents of each Federal Reserve bank. All of the tax policies, regulations and programs have little impact in the grand scheme of things. In the past they had a lot more influence, but as the US dollars use around the world increased over the past 50 years, the president's economic influence decreased. US economic policies are now a fraction of influence on the US dollar.

The 80's and 90's were great, not because of Reagan and Clinton, but because of where the baby boom generation was in their lifecycle of spending. The 00's and 10's suck, not because of Bush and Obama, but because of where the baby boom generation is in their lifecycle of spending. The 20's might even be worse given the SS and Medicare entitlements that generation will get. The Federal Reserve will continue QE as long as they can, but QE has it's own issues if it's done too long. The main issue being the other countries using the dollar don't like having to be exposed to QE due to our soverign demographic issue. China and Russia are commited to a new international currency to replace the dollar because of the need for longterm QE domestically in the US.

 
Last edited by a moderator:
Unless things have changed demographically we will have the youngest workforce in the industrialized world by the 20's. If the economy doesn't suck we will be in a pretty good place.

 
When it cones to Iraq, Obama is like the relief pitcher forced to come in with the bases loaded and nobody out. Even if Obama doesn't pitch very well (and he hasnt) and gives up runs, those aren't his runs.

 
Politician Spock said:
Todd Andrews said:
Otis said:
Can we thank him for being the best economic president ever?

http://www.forbes.com/sites/adamhartung/2013/05/16/economically-could-obama-be-americas-best-president/
Click to expand...
In 2000, at the end of Clinton’s administration, the Consumer Confidence Index was at a record high 140. By January, 2009 this index had fallen to an historic low of 25.3. Comparatively, when Reagan took office at the end of the economically weak Carter years the Confidence Index was still at 74.4! Today this measure of how people feel about the country is still nowhere near 2000 levels, but it is almost 3 times better than 4 years ago.

Significantly, in 2000 America had a budget surplus. By 2009 surpluses were long gone and the country was racking up historic deficits as taxes were cut while simultaneously outlays for defense skyrocketed to cover costs of wars in Iraq and Afghanistan. Additionally, banks were on the edge of failing due to unregulated real estate speculation and massive derivative losses.

Today the Congressional Budget Office is reporting a $200B decrease in the deficit almost entirely due to increased revenue from a growing economy and higher taxes on the wealthiest Americans. The deficit is now only 4% of the GDP, down from over 10% at the end of Bush’s administration – and projections are for it to be only 2% by 2015 (before Obama leaves office.) America’s “debt problem” seems largely solved, and almost all due to growth rather than austerity.

We can largely thank a fairer tax code, improved regulation and consistent SEC enforcement. Also, major strides in health care reform – something no other President has accomplished – has given American’s more faith in their future, and an increased willingness to invest.
Click to expand...
In 2000 the baby boom generation was aged 54 to 36. This was the tipping of their "borrowing and buying" portion of their generation.

That means in the 80's and 90's as they went from being aged 34 to 16 to be aged 54 to 36 they borrowed and spent a ####load of money into the economy. All dollars are borrowed into existence, so this produced easy natural inflation in order for everyone to get richer on the assets they owned.

From the tipping point of 2000 to 2008 the baby boom generation began to be in "payoff and sell" mode. When debt is paid off, money is extingusihed. This was producing natural deflation. By 2008 it was so bad people were blaming banks and governments for bad lending and bad policies. We've been on quantitavite easing (QE) ever since. QE is articificial inflation to offset the natural deflation of the baby boom. It's essentially life support for the US dollar.

The point is, whoever is in the White House has nothing to do with this. It's comprised of two things: 1) the demographics of the country; and 2) the policies of the Federal Reserve. The only thing the president has to do with that is naming people to the 7 seats of the Federal Reserve board of directors that are not filled by the presidents of each Federal Reserve bank. All of the tax policies, regulations and programs have little impact in the grand scheme of things. In the past they had a lot more influence, but as the US dollars use around the world increased over the past 50 years, the president's economic influence decreased. US economic policies are now a fraction of influence on the US dollar.

The 80's and 90's were great, not because of Reagan and Clinton, but because of where the baby boom generation was in their lifecycle of spending. The 00's and 10's suck, not because of Bush and Obama, but because of where the baby boom generation is in their lifecycle of spending. The 20's might even be worse given the SS and Medicare entitlements that generation will get. The Federal Reserve will continue QE as long as they can, but QE has it's own issues if it's done too long. The main issue being the other countries using the dollar don't like having to be exposed to QE due to our soverign demographic issue. China and Russia are commited to a new international currency to replace the dollar because of the need for longterm QE domestically in the US.
Click to expand...
Of course demographics and aging play a role, but facts are facts.

 
Politician Spock said:
In 2000 the baby boom generation was aged 54 to 36. This was the tipping of their "borrowing and buying" portion of their generation.

That means in the 80's and 90's as they went from being aged 34 to 16 to be aged 54 to 36 they borrowed and spent a ####load of money into the economy. All dollars are borrowed into existence, so this produced easy natural inflation in order for everyone to get richer on the assets they owned.

From the tipping point of 2000 to 2008 the baby boom generation began to be in "payoff and sell" mode. When debt is paid off, money is extingusihed. This was producing natural deflation. By 2008 it was so bad people were blaming banks and governments for bad lending and bad policies.
Click to expand...
Good story.

Except consumer debt rose, uninterrupted, all the way until the housing bubble burst and the financial crisis started. As did i[SIZE=14.2857141494751px]nterest payments as a portion of incomes.[/SIZE]

The growth of debt caused the downturn. A reduction in debt after the bubble burst made it worse.

 
NCCommish said:
The Commish said:
NCCommish said:
2.99 for regular here in Charlotte. Seems like it drops everyday. Thanks Obama.
Click to expand...
in the $2.70s here in Rock Hill....until they go and up the taxes. That should be fun.
Click to expand...
Well when your state has the lowest gas tax in the country, crumbling infrastructure and an aversion to raising any other kind of tax something has to give.
Click to expand...
Yeah, those roads in California sure are looking great, what with having the highest gas tax in the country and all!!!

:lol:

 
StrikeS2k said:
NCCommish said:
The Commish said:
NCCommish said:
2.99 for regular here in Charlotte. Seems like it drops everyday. Thanks Obama.
Click to expand...
in the $2.70s here in Rock Hill....until they go and up the taxes. That should be fun.
Click to expand...
Well when your state has the lowest gas tax in the country, crumbling infrastructure and an aversion to raising any other kind of tax something has to give.
Click to expand...
Yeah, those roads in California sure are looking great, what with having the highest gas tax in the country and all!!!

:lol:
Click to expand...
California gets a C in infrastructure ranking from the ASCE. Lot of states which that did that well. As a country we need roughly 4 trillion in infrastructure investment to get things where they should be.

 
Slapdash said:
NCCommish said:
The Commish said:
NCCommish said:
2.99 for regular here in Charlotte. Seems like it drops everyday. Thanks Obama.
Click to expand...
in the $2.70s here in Rock Hill....until they go and up the taxes. That should be fun.
Click to expand...
Well when your state has the lowest gas tax in the country, crumbling infrastructure and an aversion to raising any other kind of tax something has to give.
Click to expand...
Sounds like it is time to cut education funding again IMO.
Click to expand...
Let the bears pay the bear tax. I pay the Homer tax.

 
Slapdash said:
NCCommish said:
The Commish said:
NCCommish said:
2.99 for regular here in Charlotte. Seems like it drops everyday. Thanks Obama.
Click to expand...
in the $2.70s here in Rock Hill....until they go and up the taxes. That should be fun.
Click to expand...
Well when your state has the lowest gas tax in the country, crumbling infrastructure and an aversion to raising any other kind of tax something has to give.
Click to expand...
Sounds like it is time to cut education funding again IMO.
Click to expand...
Well they are at 46 out of 50 in funding. Got to bring that number down so businesses will rush in to employ the very cheaply educated.

 
Slapdash said:
NCCommish said:
The Commish said:
NCCommish said:
2.99 for regular here in Charlotte. Seems like it drops everyday. Thanks Obama.
Click to expand...
in the $2.70s here in Rock Hill....until they go and up the taxes. That should be fun.
Click to expand...
Well when your state has the lowest gas tax in the country, crumbling infrastructure and an aversion to raising any other kind of tax something has to give.
Click to expand...
Sounds like it is time to cut education funding again IMO.
Click to expand...
I'm not sure they can go negative on education though. Outside of York county and the Charleston area, there's not much that could be cut.

 
NCCommish said:
Slapdash said:
NCCommish said:
The Commish said:
NCCommish said:
2.99 for regular here in Charlotte. Seems like it drops everyday. Thanks Obama.
Click to expand...
in the $2.70s here in Rock Hill....until they go and up the taxes. That should be fun.
Click to expand...
Well when your state has the lowest gas tax in the country, crumbling infrastructure and an aversion to raising any other kind of tax something has to give.
Click to expand...
Sounds like it is time to cut education funding again IMO.
Click to expand...
Well they are at 46 out of 50 in funding. Got to bring that number down so businesses will rush in to employ the very cheaply educated.
Click to expand...
Business is "flocking" to the state because of all the tax breaks....so brutal :lol: The list of candidates for office here is downright embarrassing.

 
You must log in or register to reply here.

Similar threads

GordonGekko
Energy Crisis: Has Your Electricity/Gas Bill Gone Completely Out Of Control Recently? (16/30)
Replies
6
Views
453
STEADYMOBBIN 22
STEADYMOBBIN 22
bigbottom
2024 Edition - Please help bigbottom win a Battle of the Bands and support Chance for Hope as a Bonus! Just a $10 donation makes a difference
Replies
26
Views
426
Mr.Pack
Mr.Pack
bigbottom
CHANCE FOR HOPE DIAMOND HOOP EARRINGS RAFFLE!
Replies
18
Views
386
DA RAIDERS
DA RAIDERS

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Top