do you want obama's plans for the USA to fail?

[LTC]

The wannabee dictator being carter....Obama being ronnie.....

[NCVol]

I think we're going to see a sea change, but in the opposite direction.  If Obama and the democrats keep catering to the same slice of the country the republicans do, they'll lose big and eventually we'll get another FDR who is willing to take on the bankers and the multi-national behemoths.  Arguably the country had tilted too far to the left under Carter, and wages had compressed to historic lows - my goodness, the top 1% were only making 20 or 30 times the bottom rungs!!! - Reagan started 30 years of conservative economics that has had the clear effect of gutting the middle class and enriching the top 1/10th of 1% just incredibly.  Now the difference in wages from the top to the bottom is hundreds of times. We'll either see a reversal of that or our country descend into a Great Depression II era and that will bring it about.   I actually suspect that will be what happens, and a person will run on actual "Change" and mean it.  

The first thing they can do is queue up this speech by FDR and realize that it's possible to win four elections without kissing the rear ends of the CEO class.  

FDR 1936 I welcome their hatred

[Dementia_Madness]

FDR did some good, it was indeed a blessing that he was in office during WWII, but he also did allot of damage to this nation.

In the end NC we will see which "great change" this nation is heading for, will it be the FDR change you desire or the RWR  change we desire? only time will tell.

I cannot wait to see the answer...

[NCVol]

Just to be clear, I'm not for "compressing" the wages of the tiniest top tier and the middle class out of some sense of fairness or whatever - it looks to me based on the evidence that our economy is wrecked after following 30 years of Reaganomics.  When you funnel more and more to a tiny few, demand in the broader economy collapses.  We hid that for a couple of decades by making credit available and folks were able to pretend they were prosperous by ramping up their debt level.  The only problem is that is a ONE TIME adjustment, then you're spendable cash is lower since you have to service the debt, and here we are, in a depression. 

I don't see how it's possible for that trend to go further in the direction Reagan took us without a literal revolution in the streets.  I've posted this before, but this IS the result of conservative economics. 



I can post the numbers a lot of different ways, and mention the wealth of the top 400 families equals the bottom 150 million people, the median wage from 1973 versus today, etc. but they all tell the same story - the economic philosophy advocated by Reagan sounds great and I supported it for years, but it's failed for the middle class, been wildly, unimaginably successful for the top 1/10th of 1%.  We moved away from what accompanied the greatest economic boom in world history and we're in the second Great Depression.  Moving FURTHER away from what accompanied that boom (more "Reaganomics") is exactly wrong, and if we do, it will simply hasten the final collapse.  It is simply what the data and the evidence show, IMO. 

Those Tea Partiers have the right idea, IMO, they just have the wrong culprits.  At some point the "far left" and the "Tea Partiers" will realize that what divides them doesn't actually matter and the real problem is both major parties should be wearing patches like NASCAR drivers of the Fortune 100 or so, and then we'll get another FDR which will set up another period of great prosperity. 

[Just Win]

Just to be clear, I'm not for "compressing" the wages of the tiniest top tier and the middle class out of some sense of fairness or whatever - it looks to me based on the evidence that our economy is wrecked after following 30 years of Reaganomics.  When you funnel more and more to a tiny few, demand in the broader economy collapses.  We hid that for a couple of decades by making credit available and folks were able to pretend they were prosperous by ramping up their debt level.  The only problem is that is a ONE TIME adjustment, then you're spendable cash is lower since you have to service the debt, and here we are, in a depression.  

I don't see how it's possible for that trend to go further in the direction Reagan took us without a literal revolution in the streets.  I've posted this before, but this IS the result of conservative economics.  




I can post the numbers a lot of different ways, and mention the wealth of the top 400 families equals the bottom 150 million people, the median wage from 1973 versus today, etc. but they all tell the same story - the economic philosophy advocated by Reagan sounds great and I supported it for years, but it's failed for the middle class, been wildly, unimaginably successful for the top 1/10th of 1%.  We moved away from what accompanied the greatest economic boom in world history and we're in the second Great Depression.  Moving FURTHER away from what accompanied that boom (more "Reaganomics") is exactly wrong, and if we do, it will simply hasten the final collapse.  It is simply what the data and the evidence show, IMO.  

Those Tea Partiers have the right idea, IMO, they just have the wrong culprits.  At some point the "far left" and the "Tea Partiers" will realize that what divides them doesn't actually matter and the real problem is both major parties should be wearing patches like NASCAR drivers of the Fortune 100 or so, and then we'll get another FDR which will set up another period of great prosperity.  

Yet more liberal insanity. The only graph that counts in the end is posted below. Keep in mind this graph has not been updated to reflect the liberal nut case socialized medicine bill before he senate getting ready for house/senate reconciliation conference. Like we got the wealth to pay for that Goliath.

[NCVol]

Your graph hasn't been updated for about a year, and you are a one note pony on the economy, so what else is new.

This is for you JW.  Your rallying cry, or the rallying cry of the people whose water you carry.  From ritholtz.com



BTW, just as an aside, what do you think of the traders who have now decided that if the dollar falls, it's good for the market!  Hurray, weaker currency!  Let's buy some more GE!  Gosh, talk about rooting for failure, the market seems to be in a class all by itself, punishing good news for the currency, or spending power, by driving down stocks.....

[Just Win]

Your graph hasn't been updated for about a year, and you are a one note pony on the economy, so what else is new.

This is for you JW.  Your rallying cry, or the rallying cry of the people whose water you carry.  From ritholtz.com



BTW, just as an aside, what do you think of the traders who have now decided that if the dollar falls, it's good for the market!  Hurray, weaker currency!  Let's buy some more GE!  Gosh, talk about rooting for failure, the market seems to be in a class all by itself, punishing good news for the currency, or spending power, by driving down stocks.....

Is that socialism you are talking about the kind that venerated fraud and Obama Supporter Warren Buffett got with that Goldman Sachs deal or the CO2 carbon credits exchange they are trying to setup for Al Gore to make even more billions on this global warming hoax?