“It’s going to take time,”

That was the message of the President's radio address yesterday, that an economic recovery is going to take time(how long is not specified) and that people just simply need to be patient while the economy recovers.

Sorry, but asking people who are either on the brink of disaster, or already gone over, is insulting to say the least. These people, millions and millions of them, simply don't have the luxury of time. Mr. President, you were elected to bring this economy back from disaster, and yet here we are, four years after the collapse, two years after you got into office, and the economic situation simply hasn't improved for the vast majority of Americans.

How long are we supposed to hang on Mr. President? How much are we supposed to sacrifice? And frankly, why the hell have you been so ineffective in regards to the economy? You squandered the Democratic majorities we gave you in Congress, you have yet to stand up and fight for issues like the public option and rescinding the tax cuts. Yet you continue to feed the rich and well off with more tax cuts, and by keeping the MIC well fed with two illegal, immoral wars, with one waiting in the wings. Your ideas of what a stimulus is, well, they're a joke. What with stimulus packages that mostly consist of tax cuts and credits, your freeze on federal hiring, where is the stimulus supposed to come from?

You ask us for patience Mr. Obama, you say that it is going to take time. The thing that you are ignoring Mr. Obama is that for millions and millions of us, time has run out. We no longer have the luxury of time, and if your only answer for confronting this economic crisis is for us to have patience, then you have proved that you are seriously out of touch with what is going on in this country.

insisting on bi-partisanship was naive, at best, and a sign of his corruption at worst. I had such high hopes and he has let me down. In a way, Mr. Obama is more of a disaster as President than Mr. Bush. I KNEW what G.W. would do, if he could. Mr. Obama has run counter to all he promised from the get/go. Nearly all those around him are corporate shills and worse. So sad. So tragic for America. He is failing. This is my opinion.

switched positions after he locked up the primary, dumped his economic team from the primaries and took over Hillary's team who formed the Rubinomics brain trust.

How Long Did The Great Depression Last ?

The United States is the one country that bore the brunt of the Great Depression longer than expected. The depression in the US lasted for one more year than that of Canada. It lasted for eleven full years; whereas Canada was quicker to come out of the depression.

The Great Depression lasted approximately for eleven long and painful years. But these eleven years could be long enough than anyone’s imagination when one has to live through that period. The Great Depression as it is called lasted from the year 1930 to 1941.

http://www.historyking.com/American-History/great-depression/How-Long-Did-The-Great-Depression-Last.html
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How long was the Great Depression for the US?

Answer:

from 1929 to about 1939

http://wiki.answers.com/Q/How_long_was_the_Great_Depression_for_the_US
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Coming out of the deepest recession since the great depression is going to take time. Not what people want to hear, but the truth.

Just sit back and let the recovery happen at its own pace?

People weren't passive during the Great Depression, they were out in the streets, communicating with their reps, and taking action outside of the Beltway. It was, in part, due to their actions that major planks of the New Deal were put in place. It was, in part, due to these actions, that labor became such a strong force in this country. And let us not forget extending tax cuts for the rich.

Not to mention the fact that FDR was implementing policies that actually provided relief to those who were on the brink. What is Obama doing? One stimulus that consisted of forty percent tax breaks and tax credits for corporations. Another stimulus that was nearly eighty five percent tax breaks for the rich? A monetary policy that is driving up inflation?

One reason people are so pissed is that this recession is starting to approach Great Depression proportions. We really don't want to go there, do we?

when it refuses to look at the reality. There have been many incentives used to stop the fall into a depression, and they have worked. But they have worked slowly, not instantly. Look at the auto industry, a huge success. Jobs are slow to comeback, everything I read says they are the last thing to show improvement. And yet there has been improvement, again slowly.

When FDR with his huge majority is thrown in as the end-all and in the same sentence what is Obama doing....he is dealing with an opposition party that is willing to shitcan the US economy to make him a one-term president. Hell no they're not going to go along with another stimulus, they want to let the debt ceiling take us down, to let business sit on their money and not do anything for jobs. And people wonder what is Obama doing!!

when is he going to start day 1?

The recession started in 2007. I know, he should have had it fixed before he won the election and waited 2 more months to be sworn in!

and ended the wars

you know - the biggest contributers to the recession

oh wait he continued the Bush tax cuts and we are in 3 wars +

and he asks for patience?

Patience.

Spin all you like. :eyes:

:wow: So since we already went through a decade of Depression we should just STFU and wait till someone decides to do something in the WH?

Really?

"Change We Can Believe In" ring a bell for anything?

let's just keep making excuses for the lack of action for the folks who put him in office in the first place. After all, those limos have blacked out windows -- the voters can't be seen anymore..... :sarcasm:

Is Obama on our side? If so, why all this deficit bullshit and nothing about jobs?

From day one, he said this was going to take years.

There's no more time left.

No time at all.

No time.

Americans are done for. It's over. :sarcasm:

from 2001-2008. Many of my friends are in the publishing industry, which has been stumbling for the last decade, and so have been living as if they were in a recession. But the Wall Street numbers and indicators and formulae didn't show a strong recession -- until 2008. And I think TPTB think this is a two-year-old problem instead of a 10-year-old problem. They think that the people have more years of "taking time" in them, when some of us have been making due since 2001 -- when I, for example, was laid off in November because my publishing company was afraid magazine revenue would disappear and axed my magazine in self-defense. Time ran out for many people a long time ago.

The rest of us are expected to wait, along with losing all the money we paid into Social Security.

I'm surprised none of them got hurt falling over each other in the rush to bail out the fat cats :grr:

Must be b/c it was all bipartisany and stuff. Thank goodness we were able to get SOMETHING through congress! w00t!

What absolute rot.

You see, now we're going to be told not to expect much for a decade. Of course, by then, pensions will have kicked in and those who could work NOW for the unemployed will be off on a speaking tour with the other retired prezz's....

not-so-little Antinee.

are they any more credible than someone who claims global warming doesn't exist?

:shrug:

and your Mr. Obama is going right along with it. And what the hell does global warming have to do with anything?

:silly:

Government, however, does not have the power to force private industry to hire people against its will. I know those kinds of realities are an incovenience that stand in the way of your uber righteous outrage and pseudo-populist rhetoric, but they are facts that should be considered nonetheless.

Fucking tax them - we certainly have that power. And then use that government money (tax money) to create jobs. If you don't like that go back to Free Republic where the folks feel the same way as you.

1) How much was the original cost for the bank bailout?

2) What is the current projected cost of the bank bailouts?

3) How much was the stimulus?

PB

bail out the banks. we would be in better shape.

we're out of time, even those who are asking for more of what they got the last time(s) the "experts" asked for more time.

... more time to figure out how to stop the illegal wars.
... more time to figure out how to stop torturing people.
... more time to figure out how to prevent oil spills.
... more time to figure out how to prevent nuclear meltdowns.
... more time to figure out how to rein in the wall street criminals.
... more time to figure out how to protect our food from e coli and salmonella and other nasties.

... more time to figure out that giving them more time to goof off while Rome burns isn't what we need.

Now that we have that cleared up, I'll just update the contact information with all my creditors to the phone number for the White House. When they call, I'll let him explain that "it takes time" to them. :(

Now THAT is a Democratic President walking the walk while talking the talk.

He did some great work and was the right leader for such an awful time in our country. But a lot of people still suffered the entire time and there wasn't a damn thing he could do about it. I know its popular around here to pretend like FDR stepped in and got all FDRee on the economy and all was well after that. Thats a load of bullshit.

And the economy grew at 8% per year.

Obama has followed Hoover's playbook - with exquisitely predictable results.

And people like you were sitting around bitching and moaning about how FDR wasn't doing enough.

Wow.

"People like me" only want politicians to put their heart and soul into helping working Americans. If Obama had worked as hard to save the middle class as he had to save the bankers, then "people like me" would be fine - and so would the middle class.

Because of the nature of the modern economy that this shitty country has developed, the entire foundation is based on the stability of these large financial institutions.

Obama didn't work hard to save the banks anyway. The government gave them huge loans and they lowered the interest rates to virtual nothing. Big fucking whoop. Not a lot of hard work required there. It did what it had to do and that means stabilizing things.

Regardless, the far reaches of the left were all over FDRs nuts through the entire ordeal, just like you are all over Obama's nuts. In the 1930s, you would be bitching about how FDR is a corporate sellout. You are a contrarian. Its in your nature to bitch, moan and embrace negativity and not give anyone credit for anything.

FDR faced down the depression for a decade. Nothing you say can get around that very inconvenient fact.

We could have taken control of the banks and ended risky lending, like the UK and others did. Instead, we gave trillions of taxpayer dollars in gifts and free loans to bankers, with virtually no strings attached, and refused to reinstate Glass Steagall. We did insane shit like Timmy Geithner paying 100 cents on the dollar to AIG counterparties when AIG blew up.

So: trillions in free money with no substantial changes in regulation... how do you think that's going to work out?

The federal government can't just mandate that it suddenly has control of the banks. The President can't nationalize private companies with the stroke of a pen. Obama went into office with everyone decrying what a socialist he was, how do you think it would have played out had he actually tried to follow through on the claims? It never would have been allowed to happen.

You need to get your head out of the 1930s mindset. This is a dramatically different political landscape. Without the legislative branches willing to go along with something, that something is not happening.

The banks were dead without our help. All we needed to do was to get voting shares for our investments, like any other investor would.

Do you know that Warren Buffet paid half as much per Goldman Sachs share as we did, at the same time? And Buffet got voting rights, so his shares were actually worth more than ours.

It was all a big, wet, sloppy kiss to the bankers.

Who sounds like a Debbie Downer now?

That was the argument we heard for TARP. But for workers? Slowly starve to death. Obama's strategy of stacking his cabinet with Wall Street alumni banksters, while continuing tax cuts for the rich, and "serious" budget cuts is KILLING the economy, not rescuing it.

He is fucking clueless. And a liar.

That any society is only about ten meals away from chaos. In other words, once people's stomachs start rumbling, once their basic needs are not being met, they very quickly become restless and start looking around for someone to blame. If I am not mistaken, the French Revolution began during a time of famine. The same is true of the Bolshevik Revolution. When people become desperate and feel that they have nothing to lose, they become dangerous.

Let's ignore that Obama said fixing this mess would like take many, many years. More than 10 even. Or that the GOP has done everything it can to block anything he tries to do.

He should just lie. Tell everyone that things will be all better tomorrow.

And when they aren't fixed tomorrow, them we can crucify him for lying about it.

Your anger at the situation offers no alternative policy that would make anything different. Assuming, for the moment, the Congress would be willing to fund another stimulus plan (which it isn't), how, exactly, would you have spent the money to better jump start the economy?

Add to that your gratuitous "you continue to feed the rich and well off with more tax cuts": The President hasn't given them "more tax cuts"; he kept the existing ones, including the tax cuts for the middle class, as the cost of retaining unemployment benefits. Complain all you want about not be "tough enough" with the Republicans; they've shown they're willing to buck public opinion for the sake of their own constituencies, and given our political system, they have to be accounted for in political negotiations.

Simply put, both parties lurves them some Uncle Milty and his disasternomic bullshit and nearly everyone installed in Washington either believes it, plays "Get along to go along", or is Sherrod Brown. Democrats have become corporate-enabling Republicans and Republicans have become country-destroying Fascists. I was livid . . . LIVID when he extended those tax cuts to the rich. They in turn fucked the country, as job creation has been tepid at best considering the Conservative's ridiculous assertion that "Cuttin' taxes == HIRIN'!"

I'm afraid unless we get people in there that, like they should be doing with war, stand up and say "I don't want to do this anymore because the American people are getting killed by this", our continuance of Trickle-Down will remain a cancer unless more is done to eliminate it and relegate it to the dustbin of bad ideas.

We need to raise taxes. Sorry that no one wants to hear that, but we do, primarily on the rich and extremely wealthy. Don't want your taxes raised? Stop electing borrow-and waster Pentagon/wealth appeasers, I don't know what else to tell them. Made Bed, Lie In it, and all that. "Y'all want to kill brown people so badly, this is the price you're going to pay for it."

We also need a new WPA. Our country's infrastructure is a worldwide embarrassment. Our public transportation systems are a joke. Our damming is crumbling and outdated. Internet and electric grids that should have been updated 7 years ago. Highways are cratered. Still relying on fossil fuels, STILL not caring about the environment. All of these things could put Americans back to work, send our military home and most importantly - RAISE DESPERATELY NEEDED REVENUE.

Neither party is doing enough, but I'd EXPECT the Republicans to not give a shit about anyone but "Nummer WON!" I didn't vote Democrats in to do the same things (really, I just voted for them so that the US doesn't become The United States Of ChurchMerica). I EXPECTED them to be different.