Obama has done a terrible job so far.

[Burnt]

the stock market is about to crash

the Dow is up more than 10% since you posted this.

[kthx]

Yeah, when you drop billions of fake dollars into something it tends to get better for a while until that money is gone again.

[Pummel]

Welcome to texas news with DUKE dylan

[Escalate]

His ideas on health care are short on specifics and if he leaves it up to Congress to work out the fine details it will be full of inefficiencies and short on cost reduction from the Republican side (just to fuck things up) and too little choice from the Democrats. Expanding existing systems to cover a larger percentage of the population who are uninsured would be a much better solution then anything else. Too many people are swayed by emotion on the health care issue when it really comes down to simple numbers.

People need to remember this: WE ALREADY HAVE SOCIALIZED MEDICINE. It's just an extremely inefficient (and dangerous for those without health coverage) version of it.

ANYONE, even non-citizens without a penny to their name can walk into a hospital right now with a semi-serious condition and get up to hundreds of thousands of dollars worth of treatment. My mom runs a hospital in Southern California. One of their biggest financial charges each year is for millions in "bad-debt / charity care" i.e. people they had to treat that they knew could never pay for the treatment. This treatment despite inability to pay is mandated by the government. Guess how the hospital survives despite 15% of their patients being unable to pay them? By charging the people that CAN pay more (via higher prices billed to insurance companies). To all the retardicans that are here whining about universal coverage: you already provide it, every time you pay your inflated health insurance bill, dumbasses.

The reason why deficit neutral universal coverage is not impossible is because hospitals, drug companies, and insurers can LOWER their prices significantly if EVERYONE is covered and can pay for their services.

[disorder]

lol @ "millions in "bad-debt / charity care" i.e. people they had to treat that they knew could never pay for the treatment."

that's probably very specific to southern california, in terms of those figures and .."15%". in connecticut is it possible that is lower for some reason? or are you saying that the hospitals everywhere in the country wind up charging to compensate for the significant rate which you speak of?

[HateTheFake]

in arizona it was like 20 percent, we dealt with alot of illegals

[Pearl Jam]

a lot of fake citizens down there...you have to fight the good fight and continue fighting the fakeness. in fact, some would remark that you must "hate" the fake.

[kthx]

Witty comments... Pearl Jam teach me how to do these.. witty comments, all I can do is troll.

[Exalt]

I was watching some documentary on PBS that was about the Mexican/US border wall that was being built.

It showed literal pictures of how the wall isn't even a full wall... like... They will build a mile wall or something and then leave like a 5 mile gap in between the next section

You realize how fucking stupid that is? We wasted a billion dollars to build THAT piece of shit? Plus there is like a 5 mile section of US land that is just walled off in between mexico and texas... what a waste of land

[Izor]

the Dow is up more than 10% since you posted this.

What are we going to do when later this year peoples adjustable rate mortgages go up and their mortgage payment that they can barely keep now goes up as a result?

Unemployment is still rising despite the fact that the markets seem to be on the rise right now, but can you really see that lasting? I cut all my long term investments and am focusing on paying off my car because it doesnt make sense to throw money at a system that is set up for failure. Are you blind enough to think that we wont see terrible inflation in the not so distant future just because we havent seen anything yet?

[ConcreteSchlyrd]

Unemployment is still rising despite the fact that the markets seem to be on the rise right now, but can you really see that lasting?

Unemployment has never been directly and immediately tied to the markets. When shit started to go bad, it took quite a few months before layoffs really began in earnest. And when things were at their bleakest, there were TONS of economists making statements about how even if the markets turned around, it would be a while before unemployment started showing signs of recovery.

[PaulOakenfold]

d

d

d

heh

[kthx]

http://finance.yahoo.com/news/2-Obam....html?x=0&.v=7

Wasn't that one of the platforms that he ran on... the middle class wouldn't get taxed more, only people who made a ton of money? Right, the guy is lying left and right.

[DoTheFandango]

I can't wait till my zionist leader Obama finally leads us in 2.5 years to the Mecca and we all get to live in Communist paradise together.

VIVA.

[Jerome Scuggs]

what I have learned about that sentiment from some economics books and classes is that when the market is allowed to correct itself freely i.e. the 1920s-1960sish it has large periods of booming economic prosperity and large periods of drastic economic depression. aka the boom/bust cycle has an increased severity and disparity.

actually, the last time the market corrected itself freely was 1863, after which the first nationalized banking system appeared (it was also the last year the dollar appreciated in value on a long-term basis). you'll notice that the recessions do begin getting worse (and the value of the dollar begins depreciating at a higher value - almost 3%/yr) after 1913 - when the FED, and modern central banking, appears. after 1971, when the central banks finally, fully decoupled from gold, then inflation rates shot up to nearly 6-7%, and the business cycles have all been quite horrific, and occuring more frequently.

while congress may not have been directly intervening where Joe Citizen could see it, the federal reserve routinely dabbles in the market with its open-market operations, as well as all the new "tools" (powers) it has at its disposal.

it's interesting, when you analyze the data from 1800-2008 on the inflation calculator, to see that trend i just pointed out. money stability goes down as government attempts to stabilize money go up.

but as government involvement in the economy has increased over time, the severity of the boom/bust cycles have dropped significantly (this current depression being the anomaly). the wave has narrowed into what is almost a steady line (at least in comparison to what it used to be).

i'm going to definitely need to see some more specific information here, considering that the first Great Depression happened after Roaring Twenties which was caused by incredible amounts of credit flowing from the then-newly-created Federal Reserve. perhaps you have a pie chart!!

so regulation may be a bad thing for people who enjoy extreme success followed by dismal failure, but for those who prefer constancy, regulation has been quite successful.

it's one thing to say words on a forum, it's another thing to be correct

hell the most successful economy in the world currently, China,

...

"It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance."

-Murray Rothbard