2012 U.S. Presidential Election

[Dark Sage]

Obama's plan, the one that the Senate approved (which by some miracle, the Senate GOP didn't block) ends the Bush tax cuts for everyone except those earning over $250,000 a year.

The House plan will end them for everyone.

Which will likely mean that neither will pass, which will be very bad news for the GOP, as they will be saying "drop dead" to the middle class.

And we are NOT in a depression.

[Roy Karrde]

Obama's plan, the one that the Senate approved (which by some miracle, the Senate GOP didn't block) ends the Bush tax cuts for everyone except those earning over $250,000 a year.

The House plan will end them for everyone.

Which will likely mean that neither will pass, which will be very bad news for the GOP, as they will be saying "drop dead" to the middle class.

The results of Obama's plan on the middle class including a loss in jobs and spending when those tax cuts expire are what really is going to be telling the Middle Class to "Drop Dead". I cannot understand how a President could be so stupid when it comes to tax issues and even go back on what he has said in the past. You are supposed to go toward the center the closer you get to the election, while Obama has swung further and further to the left.

And we are NOT in a depression.

By the numbers? No, but tell that to CNN Market Watch.

The Great Depression that Federal Reserve Chairman Ben Bernanke claims to have averted has been part of the background radiation of our economy since at least 2008.

It’s just that like radiation — it’s invisible.

We’ve called it the recovery, the jobless recovery, the slogging recovery and more recently the fading recovery. We’ve measured modest growth in our nation’s gross domestic product to record that our so-called Great Recession ended in June 2009. And now we are saying that if this disappointing growth suddenly disappears, as currently feared, we will be in a new recession.

There is nothing more depressing than hearing about a new recession when you haven’t fully recovered from the last one. I take heart in suspecting that in a still-distant future, historians will look back with clarity and call this whole rotten period a depression.

The precise definition of a depression, of course, remains as debatable as anything else in the field of economics. By some definitions, it is a long-term slump in economic activity, often characterized by unusually high unemployment, a banking crisis, a sovereign-debt crisis, surprising bankruptcies and other horrible symptoms we can find in the headlines almost every day.

It is easy to avoid seeing all of these events as constituting a depression if you somehow have kept your livelihood intact all this time. But it’s important to remember that not everyone has to stand in a bread line during a depression.

http://www.marketwatch.com/story/the...ors_picks=true

The Great Depression had fits and starts, but in the end we view it as a whole and not parts.

[Dark Sage]

Roy, I'm not convinced that it's a depression unless I see bread lines and "Hoovervilles".

Of course, I guess they'd be called "Obamavilles" this time... If they existed at all.

Edit: Roy, do you know what the difference is between me and you?

You try to back up everything you say with statistics and links. It may be an intellectual approach, but it isn't always as accurate as you might imagine.

Me? I talk to real people. I listen in on internet chat rooms, message boards, on facebook, and any other public forum. I listen people with real opinions.

I don't need to look at polls to know that Mr. Obama is highly favored in New York... Nor do I need to look at them to know that Romney is highly favored in Texas. I hear what people say in both states, and the 48 other ones.

You can quote all the statistics and news articles you like. I talk to a few people who read those articles, and they wonder what the writers were thinking.

After all, it's hard to trust the media, nowadays. Nancy Grace is an example of a reporter I do NOT trust, and as I'm sure Heald knows, the British newspapers treated Amanda Knox horribly. When she was acquitted, one of them even got the verdict wrong, likely due to wishful thinking.

Thing is, the news rarely even reports the news any more. It's all editorial most of the time. That's why I was so deeply saddened when Mike Wallace died. He was one of the few reporters left from a time where they knew what their job was supposed to be...

[Roy Karrde]

Roy, I'm not convinced that it's a depression unless I see bread lines and "Hoovervilles".

Of course, I guess they'd be called "Obamavilles" this time... If they existed at all.

Well the breadlines would be food stamps now right? And we all know how much those have increased, as for Obamavilles. Just call the Occupy Wall Street.

Surprised you did not take the bait in what I said about Harry Reid, or Obama's stupidity in "You didn't build it" gaffe.

[Dark Sage]

Occupy Wall Street? That's yesterday's news.

And see above.