Correct, I'm looking at the long term value of the dollar. Short term drops in the dollar value may not be pleasant, but it's the long term that we should really be concerned about. What is this country going to look like if it continues to export manufacturing? The answer is pretty obvious: the value of the dollar and the living standard is also going to decline...
There may be a short term drop in the USD due to QE1, but there is a FUNDAMENTAL reason why the value of the dollar has been steadily declining over the past 20-25 years and that is manufacturing. Actually the USD value would be even lower if China stops keeping the Yuan value artificially low and the USD high (by stock-piling USD to keep the USD supply low and demand high). If China allows the dollar to drop to its actual value, then it will lose a lot of manufacturing opportunities.
I don't know what makes you think I'm interested in union jobs... I'm a software developer and my sector is not particularly susceptible to export (mostly because it's hard to export domain knowledge). Only 27% of Americans actually hold a college degree, but the other 73% are not going to be very productive unless they have a bolt-tightening job of some sort. So where is the value going to come from when 73% of the people depend on manufacturing? That's not something the Fed can "fix"
There is no production in the US, the dollar value would be low even if there wasn't a recession. As long as we keep shipping the manufacturing outside the US, the dollar will never gain it's value...
Just to let you know, you contradicted yourself at 4:12 and 4:15
you implied that it is a fact that the economy was Bush's fault, and then you said that Bush had nothing to do with it. But then again, this was a little bit more than one and a half years ago...
@exbronco1980 and apparently people don't understand that news changes constantly and at the time of this recording OVER A YEAR AGO the DOW was below 7000. People really are stupid.
the dow is losing points because of all the fantasy nonsense that has been in the American economy. NOONE HAS LOST ANYTHING. they simply have REALITY turning up to say hello:)
HTWW, if you are truly non bias then you will credit where it is deserved, and Obama's economic policies have helped greatly (At least the stock Market).
besides the dow comments it was good, never panic with the market or you make yourself look an idiot. In your would you should praise obama, stock market is up more than 30%+ from the date of tis movie.
doublestandards or you did a videa bout that? :P
Not an Obama fan, not into politics but you very well sound like a hypocrite here.
I myself can't study for shit.. I really hate it. But I do think I could become great with a mentor.. I don't like full classes, I like personal education.. tho never had the chance for it but i certainly think it would have helped me more to achieve my capacity..
The DOW is now on a rebound and is looking rather healthy. This of course isn't the best way to tell how the country as a whole is doing... However, to show you're un-biased. Could you post a new video saying you were wrong here, lol?
I don't expect this, I don't think you're capable of admitting you're wrong.
HowTheWolrdWorks... too bad you don't know the first damn thing about how the economy works, or how the government works, or how the media works... do you even know how your computer works?
I don't read talking points from 2006 the economy is gone,game over man game over. so I think that since money burns his neocon delusion is very irresponsible and corrupt this shit didn't work two years ago and it won't work now and i know this shmuck is flaccid and impotent in his defences for a free market, and the free market is a bad idea, it leads to embezzlement and fraud, which fucked things up in the first place. so put that in your pipe smoke it
Dow 7000 is a result of Obama? Have you looked at the other indicies from other markets? The Dow is tanking on the same path as other indicies such as the FTSE, DAX, CAC, Nikkei, and Hang Seng. Perhaps it is tanking because the whole global economy is tanking, not because of the actions of Obama.
Drop the propaganda and actually look at the facts.
Free markets cannot regulate themselves. It is precisely their irrepressible propensity for greed and predatory fraud that has brought the whole of the world's economy to the precipice of collapse. Free markets do not align risk and reward, allocating capital to its most productive uses. They do not automatically return to equilibrium, but must be bailed out with trillion dollar injections from the shrinking coffers of the public to the ever-bulging coffers of a private priesthood of plunder.
Is the DOW 'efficient?' How could AIG, have lost 99.5% of its market value in 18 months? How could Citibank have lost 98% of its value? General Motors lost 95% of its value? General Electric lost 85% of its value? If the largest companies in the world can lose virtually all of their value in 18 months, what is the possible meaning of the phrase 'efficient market'?
The lib posters below forgot a few tolerant liberal comebacks to people who point out the fallacies of their beautiful "Messiah". I mentioned to a smoker (Obamaite) that he could thank Obama for the sixty two cent a pack tax on his cigarettes and his response to me was "where's you copy of Mein Kampf?" These are the "intelligent people of the world. What a bunch of mind numb robots. Believe anything ABC, CBS, NBC, CNN, or Hollywood tells them.
HowTheWorldWorks you apear to be scared shitless of the left, you know about as much about domestic and international policy as I know about trying to find ways to have sex with a stapler, you aught to do something more constructive for society, like ending your life and your music is kinda kitchy at the end of your videos
Bill O'Reily is trying not to alienate his broad audience. I am sure Bill knows that Obama's polices are proved failures and will extend and exacerbate this depressed economy.
However, I am sure he also knows that the forces of the free market are far stronger than congress, than whatever poison Obama injects in the economy, it will eventually recover. Bill's typical viewers will only see things have recovered and not understand they could have recovered faster if Obama just did nothing at all
I watched over 45 minutes of your videos, and I haven't heard one thought carried from a wide amount of data, considered through various objections, and delivered to a thoughtful conclusion. What the hell is wrong with you?
Equality of chances is not given to men by birth. some are btter off than others. Therefore, to make a system fair and grand every single individual the same worth, you'll need regulations.
Even though equality is utopian, we need to try to get as close as we can to create a fair and human system.
That means that such a statement by someone who claims to be more human than Karl Marx is a contradiction.
everyone is born equal. not everyone is equal. if i an an honest working citezen, and a sereal killer breaks into my home to kill me, but i come up behind him and put a Glock 17 to his head, i am faced with the decision of which of our lives is more valuable. you tell me, is an honest working citezen who is defending his home and family from a serial killer, equal to the serial killer? should i let him kill me? or kill him before he can? I know i would choose my life and my family's life vs. his
Nice. you misinterpreted the whole statement I made. I was talking about society, not guns. Get the gun out of your head. There's something else out there that makes human beings living in peace with each other possible.
All men are born and (very importantly) raised unequal.
A "hard working citizen" (e.g a builder) earns less than a moderately hard working citizen (e.g. an computer scientist). That's what creates unfairness.
Spending will stimulate the economy and bring back consumer confidence. The only thing that drives the economy is consumer spending and demand. If the nobody knew about the mortgage crisis and all the gloom and doom talk by the media there would have been no recession. It is peoples fears instigated by the media that really caused this recession. The trillion dollar deficit has no meaning. They will just print more money in the future like they are doing now. And yah this guy is an idiot.
where do they get this money? isn't the country in debt? when you are in debt you don't spend more! That's what the entire US has been doing! Banks giving out loans they cant afford, people taking loans they can't pay back, the government encourages this behavior.
Do you know what the Federal Reserve is? Do you know what inflation is?
Lets suppose in there is a city that only only has bales of hay as a product. There are exactly 1000 bales of hay in town. Eventually people decide that they will use pieces of paper to represent ONE bale of hay. You work for 2 weeks and are paid 10 "hay dollars". How many bales of hay do you own? Yes 10.
Inflation is NOT good. It is not just economically destructive its EVIL. Who gained from printing money? The person (ie federal reserve and government) who prints and spends it first! Who lost? YOU. The guy who worked for and saved his money! Printing money is complete lunacy.
It is not money that causes inflation but demand. More money means more demand. You cannot blame an increase in the money supply as the main cause of inflation. It is do to greed. When demand outstrips supply, suppliers jack up the price to max out profits which is easier then keeping prices at the same level and increasing production costs.
Healthy!? Are you in a coma? The economy has failed. And it is due to a policy of interfering in the free market for the better part of this century. Inflation is organized crime. It moves wealth from the middle class to the very rich and I just showed you how in VERY simple terms. If you think inflation is good then look at Germany in the Wiemar Republic. They had a REAL healthy economy don't you think? Or Japan, or Zimbabwe?
Of course it is not healthy now. But It will recover with the stimulus bill. Already the Dow is showing signs of coming back to life even though it is just a faint glimmer right now. Your simplistic idea of of money does not apply anymore to modern economics.
roflmao you got that much right. But lets look at how many recessions and depressions we've had BEFORE we started printing money in 1913 to the number of economic crises AFTER.
I'm glad you admit what I say is simple. It is in fact so simple that anyone with functioning optical nerves and a forward lobe can tell. We are broke. Where did we get the money that we used on the "Stimulus Package"?
Are you allowed to print money? Why not? SO WHY IS THE GOVERNMENT DOING IT?
I am not allowed to print money so i can not HUGELY INFLATE THE VALUE OF MONEY SO THAT IT TAKES A BARREL OF THOUSAND DOLLAR BILLS TO BUY A LOAF OF BROAD. If only the government is allowed to print money, they can regulate how much is printed each year, so that run-away inflation does not happen so we do NOT BECOME LIKE ZIMBABWE, WHERE THEY JUST PRINTED A 400 TRILLION DOLLAR BILL NO I AM NOT KIDDING.
Also we borrowed the money from various sources, with full intentions of paying it back.
And to counter the point you are going to make next of WHY IS THE GOVERNMENT BORROWING MONEY?! Is because we have artifically low tax rates, so they have to borrow money from other nations, because if people pay an extra 4% on their taxes, the world will explode.
Also where did the money before 1913 come from? Hint: It says in the constitution states are not allowed to print their own money, nor are the people allowed to print their own money.
Congress was responsible for the creation of money before 1913. Not a privately owned central bank. They have zero oversight on how much money they print and the US govt keeps borrowing it because "hey look we can just print money and keep taxes low! AWSOME."
We borrow money because we're spending hundreds of billions all over the world propping up military bases, while we "don't have enough money" to spend on education.
Close all these bases in Japan, Korea, Guam, Germany, Iraq, Afghanistan, and we can finally use our money the UNITED STATES.
Guess who keeps our bases there? The Republican party! What do you think would happen if a democrat proposed pulling out of those areas, hell, what DID happen when we proposed pulling out of Iraq? We were criticized for being "soft on terror" and "not being committed to Americas defense" We have proposed before to leave, but we were shot down.
Yeah? And how much money of our GDP would it take for us to have a decent single payer health care system? It would probably be a little bit more expensive then that. But apparently, having a single payer health care system would be !!!SOCIALISM!!!
1. Our dollar is worth $0.03 compared to the dollar in 1913. Compare the price of oil to the price of gold over the last 50 years. You'll see that the price difference has stayed basically the same. Things aren't more expensive, our money is just worth less.
2. Congress was forbidden from making paper into legal tender. Only gold, silver, and their respective certificates are allowed. Now look at whats happening.
3. The government CANNOT audit the federal reserve.Fed = PRIVATE ORGANIZATION
That is because goods have gotten cheaper! It's easier to make stuff, we don't rely as much on the hands of workers, now we have machines do those jobs, and workers operate those machines!
Also article 1, section 8 of the consitution grants Congress the power to decide how money is regulated. In fact: To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
There is the text itself. Nowhere does it say we have to use Gold, or Silver
Correct. Since when can they give that responsibility to a private (ie) NON ELECTED) organization? A central bank no less. They are not responsible for regulating the money supply.
Look at Article 10: No STATE (the United States maybe?) shall make any Thing but gold and silver Coin a Tender in Payment of Debts;
Like I said, the Legislative Branch is NOT responsible for the creation of money, a private bank is.
Besides, guess who makes up the legislative branch? Um the STATES maybe? That like saying "no student shall burn his or her textbooks", then saying that a University that has a class called "textbook burning 101" is following the rules.
So lets say that the guy who prints the bales of hay prints 1000 more bills. How many bales of hay can he now buy? Yes 1000. That's MORE than all there is in the town! Now you lock your money in a vault and guard it with your shotgun thinking "no one can take my money now!" Well you get up the next day and take out your hay dollars to the store and guess how much hay now costs? DOUBLE. You own HALF of what you had originally! See you can now only get 5 bales of hay, not 10!
but now its going back up... so what did obama do right recently to get it back in the right direction??? What was bush's policy that got the dow to 13k??? and why did he stop doing it to allow it to freefall? Truth is a President has very little to do with the stock market. Also, I would be more willing to subscribe if you included examples instead of just using absolutes to back up your arguments.. Im kidding, im not going to subscribe
to just fix everything right now make the prices extremely low on everything... make it harder to get into trouble give out the same amount of money make everything cheaper...
make transportation easier...
make education free
BECAUSE WHY THE HELL DOES EDUCATION COST ANYTHING??
like so we need to make technology where like people can't hurt each other and stuff because humans will have immunities to being attacked must end world hunger using science why can't you give everone option of special surgery of a tube somewhere on their body perhaps even an amazingly small one with the use of nanotechnology where then you plug in and suck up liquid food of some sort and nobody will be annoyed by it because of the smallness of it..
Snow forms best just below 0C when the air is still warm enough to supporrt alot of moisture which then crystalizes. Ironically snow does not form well at colder temperatures.
Record snow dumps at the start, during and end of the winter season, are all indications of warm temperatures (ie just below 0C), which plays to radical enivronmentalists. Please don't give those assholes ammunition by noting any other large but isolated snow storms.
Re: education subsidy. I am both stupid and lazy. I'm 22 and I own a house that has appreciated by ~50K since I bought it and the turn around in house prices hasn't affected my neighbourhood (its inner city rather than suburban). I work about 20 hours a week (because I work is boring); do I deserve this wealth more than the guy working 40 hours a week- I doubt it. My advantage? I had a dad that made enough to co-sign on the mortgage, and a boss who offered me a better wage than most.
Absolutely great stuff keep up the good work!! I love how almost everyone that opposes you and comments against you has almost no argument. They just call you an idiot and leave. Way to go uninformed Americans. You got us in this mess thats turning us into fucking France.
What the fuck do you think taxation is? It's a redistribution of wealth. Any tax is. And I'm going to go out on a limb here and guess that not a peep was heard from you when Bush's tax cuts redistributed wealth from the poor to already wealthy, or when Reagan did it in the 80's. Why is it only called redistribution when the government acts as reverse Robin Hoods?
Uhm, no During the 80's recession (which was worse than this 2X) Reagon got us out of it..You know how? CUTTING TAXES! The economy was doing fantastic after that and we started to advance in many things including technology and were the most advanced. Then Clinton was elected it the adminastration started making descitions like Obama and got us in this mess..Bush helped alot of it. but Congress were passing Retarded things. Obama is increasing that. Btw what did bush do to get us in this?
Cutting taxes...I have no idea where you got that. The rescession in the 80's was 3 times worse than this and guess what...Reagan got us out of it by cutting taxes. BTW name calling is just an excuse because you can't say anything to support your statement =]
No, we weren't cutting taxes that much because things like that hardly ever got passed. Not to mention the 11 states we're going to bail out that all are democrats, (except California..But I wouldn't consider Ronald a conservative republican at all)
Ever heard of "Jobs and Growth Tax Relief Reconciliation Act of 2003"? And are you kidding me? Republicans controlled the house, senate, and presidency for 6 straight years, tax cuts "hardly ever got passed" is BS and you would have the republicans to blame if that were true.
0:40 - The US has put milk under price control for years. Its worked just fine.
0:50 - Mao's famine was a result of turning unskilled farmers into steel workers that produced sub-par steel.
2:27 - Using the word Czar in a title does not make Obama a communist, you correlationist fuck. Shall we remember that Nixon start the whole Drug Czar thing?
3:50 - How has the spending bill affected the Dow, directly or otherwise?
agreed, except drone probably isn't an idiot so much as he is a liar and loser. He expects us to believe that he got out of the service and became instantly homeless and was forced to get on welfare... but, I guess if that is true than your right and he is an idiot for not saving enough money for first months rent. Except right out of the service he wouldn't be elegible for any kind of wellfare except food stamps maybe.
The dairy farmers have always been under regulation to keep from charging whatever they want for Milk. Where the fuck have you been for the past 60 years?
Deliberate starvation? bullshit.
Or he borrows it, yet again, from China like GWB did.
The shit in your brains just oozes and never stops, does it?
Mao's famine was a result of collective farms and deliberate starvation and torture of peasants. really? just want to make sure, no offense can you give me some further info on that?
LOL. He's quite a spin artist, isn't he... actually, he's really good at reading other bloggers' work... I first was slightly impressed with his ability to view such extreme positions on such hot topics. Then I realized the moron is posting the actual citations on the side... then I hung my head in shame as I realized how big a tool this man is. Shucks. I am shocked he doesn't have a black eye every time this is filmed. He deserves more than that.
This fucking nerd has no idea what hes talking about. Every time hes confronted with facts, he retreats to five year old talk and calls people idiots. I hit him in the face with data about the causes of poverty, and he threw a fit, insisting that my info was from a left wing think tank. Never mind the fact that it was from the non partisan Economic Policy Institute. His facts are all wrong, and hes clearly got an inferiority complex, and its not hard to see why...
The government is giving the banks a loan and also charging interest. The government is *not* actually attempting to take over the banking business.
Government *assisted* healthcare that isn't fucked. Wouldn't that be nice? Less than a year ago, I was one of those Unemployment collecting, homeless vets, living with Mom with a wife and son as I scrambled to get my life on track after being in the military. Want to know something crazy about the whole thing? I didn't qualify for Medicaid.
You know what I would like to see, a president who has studied economics as their major, and studied economics through their free time to make sure they actually know what they are doing. Instead of this "my plan" crap that I keep hearing, I want to hear a "History has shown us THIS needs to be done and nothing else" presentation. Yeah I know it sounds crappy, but the sad thing is, I'm no history buff and I am certain I know what needs to be done right now that would help boost the economy.
After law school Obama joined a civil rights law firm in Chicago and was one of the attorneys, along with the US Dept of Justice, who successfully represented a coalition of groups including ACORN in a legal case that won better enforcement of the National Voter Registration Act in IL.
In the early 1990's, Obama accepted two invitations to be an unpaid guest speaker at trainings for volunteer community leaders organized by Chicago ACORN.
For 3 yrs Obama worked for a group of churches that were concerned about their parishioners, many of whom had been laid off when the steel mills closed on the south side of Chicago. They hired Obama to help those stunned people recover and get the services they needed--job training, help with housing and so forth--from the LOCAL government. This affected the nat'l housing market
By your reasoning since I once worked for someone who embezzled then I must also be an embezzler.
Ohh, real intelligent resort to insults. Yes, I may have misspoken about the President's speech, but since then he has talked about there being good and bad pork.
First it was Senator McCain not Senator Obama who said No Earmarks. Check the videos from campaign.
Second, on the day you made this video you said the DOW was down 16% or 1516.34 pts since Obama became President, but the DOW dropped 44% or 62266 pts. during the last 15 months Bush was in office. Or is the the last 15 months of Bush's 2nd term Senator Obama's fault also?
Ban Coultergeist, Flush Dimbaugh & Fox (aka Faux) News are the MAIN reasons RepubliCONs have LOST 55 US Senate & House seats over the last 2 elections. Ann is an ugly, bulimic,drag-queen bimbo, who deserves to be put out of her misery. She's a PIG.....with or without lipstick! Flush is nothing but a fat-ass, drug addicted HUGE assh*le.
Fox News is about as fair & balanced as Bulimic, Drag Queen Ban Coulter & Fat Ass, Drug Addict Flush Dimbaugh sitting on opposite ends of a see-saw. ~S Hannity
In the 1980's, we recovered from a recession? In 1981 and 1987, we went through recessions. The one in 87 was so bad, the stock market crashed in what was labeled 'Black Monday'. Banks failed and required bailouts. Geez, do conservatives get anything right?
Thats taken out of the poors taxes, but a lot of the people below a certian income line actually get more tax return than they've paid. In this sense its as if they dont pay taxes.
What the fuck, are you high? FDR prolonged the Depression? Why don't you look at actual data instead of spewing right wing talking points that are flat out wrong? Unemployment was 25% when FDR took office, and fell to 14.3% in 1937. What happened in 1937? FDR scaled back New Deal programs, and unemployment went back up to 19% in 1938. When he reinstated the programs, unemployment dropped again. This is from the Bureau of Labor, you fucking hack. Get your facts straight, lest you look like a dolt
You're just doing the same thing that neo-liberals do to the word "conservative", and that's stupid. You essentially just accused me of being a murderous, lying, ignorant thief because you thought I was "liberal."
Look up the definition of a classic liberal and a classic conservative, I think you'll be surprised at the similarities and the fact that you are most likely a neocon.
Of course....they do not want to fix the economy....it is common sense they want to choke it......that is how the rich REALLY GET RICHER....when we are dirt poor....they buy us up.....then sell to us at higher prices when we rebound.
Here's a good question for all pea brained cons(ervatives) who buy into nonsensical talking points: Why is it wealth redistribution when taxes on the rich go up, but not when Reagan taxed the working poor into oblivion to pay for those tax cuts for the rich? Double standard embracing hypocritical bastards...
It's Smoot-Hawley, idiot, not Smooth-Hawley. And no one is anti capitalist. This isn't even a capitalist society, it's a monetarist one. Financial institutions and instruments constitute something like 40% of GDP, as opposed to pre-1980, where it was around 5%. This nation doesn't produce anything, we just move money around in circles and act surprised when banks fail. This is no way to run an economy. We need to go back to a production based, and consequently, a tariff based economy.
What? Are you high? The tax cuts of the late 20's/early 30's led directly to the great depression. Hoover lowered the top tax rate from 73% to 24%. That started a big crash, and by the time he realized he needed to take that tax rate back to 73% (which he did) it was too late. By that point, the country was in a depression. Tax cuts caused bubbles and crashes in the 80's as well. 1981, tax cut, boom, bubble, crash. 1987, tax cut, boom, bubble, crash, bank failure, bailout. Get your history right
@AUSM92
Correct, I'm looking at the long term value of the dollar. Short term drops in the dollar value may not be pleasant, but it's the long term that we should really be concerned about. What is this country going to look like if it continues to export manufacturing? The answer is pretty obvious: the value of the dollar and the living standard is also going to decline...
ozpowermo 10 months ago
@AUSM92
There may be a short term drop in the USD due to QE1, but there is a FUNDAMENTAL reason why the value of the dollar has been steadily declining over the past 20-25 years and that is manufacturing. Actually the USD value would be even lower if China stops keeping the Yuan value artificially low and the USD high (by stock-piling USD to keep the USD supply low and demand high). If China allows the dollar to drop to its actual value, then it will lose a lot of manufacturing opportunities.
ozpowermo 10 months ago
@AUSM92
I don't know what makes you think I'm interested in union jobs... I'm a software developer and my sector is not particularly susceptible to export (mostly because it's hard to export domain knowledge). Only 27% of Americans actually hold a college degree, but the other 73% are not going to be very productive unless they have a bolt-tightening job of some sort. So where is the value going to come from when 73% of the people depend on manufacturing? That's not something the Fed can "fix"
ozpowermo 10 months ago
@AUSM92
There is no production in the US, the dollar value would be low even if there wasn't a recession. As long as we keep shipping the manufacturing outside the US, the dollar will never gain it's value...
ozpowermo 10 months ago
Just to let you know, you contradicted yourself at 4:12 and 4:15
you implied that it is a fact that the economy was Bush's fault, and then you said that Bush had nothing to do with it. But then again, this was a little bit more than one and a half years ago...
grossnesstudeos 1 year ago
yeah, and on december 14, 2010, the dow is 11,477.
exbronco1980 1 year ago
@exbronco1980 and apparently people don't understand that news changes constantly and at the time of this recording OVER A YEAR AGO the DOW was below 7000. People really are stupid.
monkeywolf 1 year ago 2
@monkeywolf the point is, some things are improving under Obama.
exbronco1980 1 year ago
Im a mechanic and i make far more than you do dipshit and have for years
vetttech1999 1 year ago
cuz of all the czars in the soviet union? lol 2:19
smeelasmeez123 1 year ago
@TheQuestioner132
But his example was with DJI...
ozpowermo 1 year ago
If you call yourself 'How the world works', it could be an idea to look at the world and
try and see how it works!...what a fucking opinionated twat.
pieter292 1 year ago
@pieter292 He has opinions? And he uses Youtube to share them? STOP THE FUCKING PRESSES!
zantrua 1 year ago
@zantrua Yes sharing one's opinion is fine but
if you decide to do that while calling yourself
'how the world works' then you're kind of implying
that your opinion represents the truth,then you're an
opinionated twat -especially if a simple google search
can prove you wrong!
pieter292 1 year ago
Anyone else wondering if this jackass is going to post a video praising Obama for the Dow being above 11,000? Eat your crow like a man, you tool...
RobOntiveros 1 year ago
THE STUPID.
IT BURNS.
Eldeecue 1 year ago
the dow is losing points because of all the fantasy nonsense that has been in the American economy. NOONE HAS LOST ANYTHING. they simply have REALITY turning up to say hello:)
rsolgtp 2 years ago
George Bush had nothing to do with this? Well I suppose it was Greenspan...
Sorry gotta go, I smell some delicious reinflated bubble baking in the Federal Reserve Building
KraljevicPavle 2 years ago
hey HowTheWorldWorks the dow is over 10000! Yea.. i can believe in that
Jackass
groundsman 2 years ago
Comment removed
ozpowermo 2 years ago
This bonehead actually thinks Bush Jr's last 8-years in office had nothing to do with markets crashing!
StupiidViideos 2 years ago
...and THIS bonehead probably thinks it's entirely GWB's fault.
Well, at least your name is appropriate.
This is definitely NOT the change we needed.
DerrickPoage 2 years ago
@StupiidViideos This bonehead still think both factions are working in opposition.
crunkerdrunk 1 year ago
HTWW, if you are truly non bias then you will credit where it is deserved, and Obama's economic policies have helped greatly (At least the stock Market).
ZergInfestedChrist 2 years ago
Oh my sorry, make that 50%. Well timed to cry about the stock market :D
Rockety 2 years ago
besides the dow comments it was good, never panic with the market or you make yourself look an idiot. In your would you should praise obama, stock market is up more than 30%+ from the date of tis movie.
doublestandards or you did a videa bout that? :P
Not an Obama fan, not into politics but you very well sound like a hypocrite here.
Rockety 2 years ago
It appears you missed the buying opportunity of a lifetime.
TRUMPHENT 2 years ago
its almost UNDER 9000!!!!!!!
dankmon1992 2 years ago
Thumbs up for you.. really.
I myself can't study for shit.. I really hate it. But I do think I could become great with a mentor.. I don't like full classes, I like personal education.. tho never had the chance for it but i certainly think it would have helped me more to achieve my capacity..
Have you watched zeitgeist?
Matsutom 2 years ago
keep up the good work mate
saron380 2 years ago
The DOW is now on a rebound and is looking rather healthy. This of course isn't the best way to tell how the country as a whole is doing... However, to show you're un-biased. Could you post a new video saying you were wrong here, lol?
I don't expect this, I don't think you're capable of admitting you're wrong.
Droodjerky 2 years ago
HowTheWolrdWorks... too bad you don't know the first damn thing about how the economy works, or how the government works, or how the media works... do you even know how your computer works?
FrostbittenWolf 2 years ago
is it just me or does htww blames all of our ilk on obama?
evb4mvp 2 years ago
the bad news is I'm a conservatrive, so his ilk is bat shit crazy
clownporn1 2 years ago
unlike people like htww the obama mob isnt stupid but very very annoying. trust me one of my friends was one of dem.
evb4mvp 2 years ago
I don't read talking points from 2006 the economy is gone,game over man game over. so I think that since money burns his neocon delusion is very irresponsible and corrupt this shit didn't work two years ago and it won't work now and i know this shmuck is flaccid and impotent in his defences for a free market, and the free market is a bad idea, it leads to embezzlement and fraud, which fucked things up in the first place. so put that in your pipe smoke it
clownporn1 2 years ago
The reason it is getting colder is because the sun has not had any sun spots lately. The last time that happened we had a mini ice age. go figure.
justme10111 2 years ago
LOL! i love this guy =D
NitroHazard82 2 years ago
Dow 7000 is a result of Obama? Have you looked at the other indicies from other markets? The Dow is tanking on the same path as other indicies such as the FTSE, DAX, CAC, Nikkei, and Hang Seng. Perhaps it is tanking because the whole global economy is tanking, not because of the actions of Obama.
Drop the propaganda and actually look at the facts.
EuroCntricHipyChrist 2 years ago
well...back up to almost 8000. *knocks on wood*
Matt482942 2 years ago
Free markets cannot regulate themselves. It is precisely their irrepressible propensity for greed and predatory fraud that has brought the whole of the world's economy to the precipice of collapse. Free markets do not align risk and reward, allocating capital to its most productive uses. They do not automatically return to equilibrium, but must be bailed out with trillion dollar injections from the shrinking coffers of the public to the ever-bulging coffers of a private priesthood of plunder.
ubrew12 2 years ago
Is the DOW 'efficient?' How could AIG, have lost 99.5% of its market value in 18 months? How could Citibank have lost 98% of its value? General Motors lost 95% of its value? General Electric lost 85% of its value? If the largest companies in the world can lose virtually all of their value in 18 months, what is the possible meaning of the phrase 'efficient market'?
ubrew12 2 years ago
The lib posters below forgot a few tolerant liberal comebacks to people who point out the fallacies of their beautiful "Messiah". I mentioned to a smoker (Obamaite) that he could thank Obama for the sixty two cent a pack tax on his cigarettes and his response to me was "where's you copy of Mein Kampf?" These are the "intelligent people of the world. What a bunch of mind numb robots. Believe anything ABC, CBS, NBC, CNN, or Hollywood tells them.
wolfpackjudo 2 years ago
HowTheWorldWorks you apear to be scared shitless of the left, you know about as much about domestic and international policy as I know about trying to find ways to have sex with a stapler, you aught to do something more constructive for society, like ending your life and your music is kinda kitchy at the end of your videos
clownporn1 2 years ago
"Sex with a stapler..." Lol, hilarious. Win.
ShrapnelSong 2 years ago
im just gonna ask a simple question. do you think you know more than Htww when it comes to whats going on in our country and the world?
Jda4160 2 years ago
zzzzzzzzzzzzz
knoose 2 years ago
Bill O'Reily is trying not to alienate his broad audience. I am sure Bill knows that Obama's polices are proved failures and will extend and exacerbate this depressed economy.
However, I am sure he also knows that the forces of the free market are far stronger than congress, than whatever poison Obama injects in the economy, it will eventually recover. Bill's typical viewers will only see things have recovered and not understand they could have recovered faster if Obama just did nothing at all
BasicEconomics 2 years ago
Dow has now risen over 8000. Epic fail.
I watched over 45 minutes of your videos, and I haven't heard one thought carried from a wide amount of data, considered through various objections, and delivered to a thoughtful conclusion. What the hell is wrong with you?
maemorri 2 years ago
He gets all his talking points from Sean Hannity.
niqueth 2 years ago
And now it is almost 8000. you suck.
ndyt 2 years ago
"we shouldn't subsidize people who are stupid and lazy(...)" - HowTheWorldWorks.
"All men are born unequal." Friedrich Nietzsche.
Contradiction.
heavyaxe2 2 years ago
how? lmfao
jukiluti 2 years ago
Equality of chances is not given to men by birth. some are btter off than others. Therefore, to make a system fair and grand every single individual the same worth, you'll need regulations.
Even though equality is utopian, we need to try to get as close as we can to create a fair and human system.
That means that such a statement by someone who claims to be more human than Karl Marx is a contradiction.
heavyaxe2 2 years ago
everyone is born equal. not everyone is equal. if i an an honest working citezen, and a sereal killer breaks into my home to kill me, but i come up behind him and put a Glock 17 to his head, i am faced with the decision of which of our lives is more valuable. you tell me, is an honest working citezen who is defending his home and family from a serial killer, equal to the serial killer? should i let him kill me? or kill him before he can? I know i would choose my life and my family's life vs. his
FiresWithWires 2 years ago
Nice. you misinterpreted the whole statement I made. I was talking about society, not guns. Get the gun out of your head. There's something else out there that makes human beings living in peace with each other possible.
All men are born and (very importantly) raised unequal.
A "hard working citizen" (e.g a builder) earns less than a moderately hard working citizen (e.g. an computer scientist). That's what creates unfairness.
heavyaxe2 2 years ago
This has been flagged as spam show
What a complete and utter idiot.
Any chance you putting up some links for these facts your pulling out of you fucking arsehole.
I don't even have to comment on this vid because Tunderf00t and TAA completely owned your ass.
Quit while you have some dignity left
riopieboy 2 years ago
The DJIA is overrated its only 30 stocks people the Dow doesnt look at the whole stock market check the S&P 500 its still down but not as bad.
FinalEdge002 2 years ago
LOL what a prick blaming Obama for the dow. What a turd. Unbelievable this guy has so many subscribers. Must all be idiots like him.
Korbamite 2 years ago
How about spending trillions of dollars and destroying the dollar?
cas343 2 years ago
Spending will stimulate the economy and bring back consumer confidence. The only thing that drives the economy is consumer spending and demand. If the nobody knew about the mortgage crisis and all the gloom and doom talk by the media there would have been no recession. It is peoples fears instigated by the media that really caused this recession. The trillion dollar deficit has no meaning. They will just print more money in the future like they are doing now. And yah this guy is an idiot.
Korbamite 2 years ago
where do they get this money? isn't the country in debt? when you are in debt you don't spend more! That's what the entire US has been doing! Banks giving out loans they cant afford, people taking loans they can't pay back, the government encourages this behavior.
Do you know what the Federal Reserve is? Do you know what inflation is?
cas343 2 years ago
Lets suppose in there is a city that only only has bales of hay as a product. There are exactly 1000 bales of hay in town. Eventually people decide that they will use pieces of paper to represent ONE bale of hay. You work for 2 weeks and are paid 10 "hay dollars". How many bales of hay do you own? Yes 10.
cas343 2 years ago
Comment removed
cas343 2 years ago
Money has no meaning. ONLY consumer confidence and perception matter. When people are confident they spend. Inflation is a good thing not bad.
Korbamite 2 years ago
Inflation is NOT good. It is not just economically destructive its EVIL. Who gained from printing money? The person (ie federal reserve and government) who prints and spends it first! Who lost? YOU. The guy who worked for and saved his money! Printing money is complete lunacy.
cas343 2 years ago
It is not money that causes inflation but demand. More money means more demand. You cannot blame an increase in the money supply as the main cause of inflation. It is do to greed. When demand outstrips supply, suppliers jack up the price to max out profits which is easier then keeping prices at the same level and increasing production costs.
Korbamite 2 years ago
What is better? Having a job and having to spend more do to inflation do to a healthy economy? Or going to the unemployment office?
Korbamite 2 years ago
Healthy!? Are you in a coma? The economy has failed. And it is due to a policy of interfering in the free market for the better part of this century. Inflation is organized crime. It moves wealth from the middle class to the very rich and I just showed you how in VERY simple terms. If you think inflation is good then look at Germany in the Wiemar Republic. They had a REAL healthy economy don't you think? Or Japan, or Zimbabwe?
PRINTING
MONEY
KILLS
MONEY
cas343 2 years ago
Of course it is not healthy now. But It will recover with the stimulus bill. Already the Dow is showing signs of coming back to life even though it is just a faint glimmer right now. Your simplistic idea of of money does not apply anymore to modern economics.
Korbamite 2 years ago
roflmao you got that much right. But lets look at how many recessions and depressions we've had BEFORE we started printing money in 1913 to the number of economic crises AFTER.
I'm glad you admit what I say is simple. It is in fact so simple that anyone with functioning optical nerves and a forward lobe can tell. We are broke. Where did we get the money that we used on the "Stimulus Package"?
Are you allowed to print money? Why not? SO WHY IS THE GOVERNMENT DOING IT?
cas343 2 years ago
Because that is their job.
Korbamite 2 years ago
I am not allowed to print money so i can not HUGELY INFLATE THE VALUE OF MONEY SO THAT IT TAKES A BARREL OF THOUSAND DOLLAR BILLS TO BUY A LOAF OF BROAD. If only the government is allowed to print money, they can regulate how much is printed each year, so that run-away inflation does not happen so we do NOT BECOME LIKE ZIMBABWE, WHERE THEY JUST PRINTED A 400 TRILLION DOLLAR BILL NO I AM NOT KIDDING.
Also we borrowed the money from various sources, with full intentions of paying it back.
Stinkywrix 2 years ago
And to counter the point you are going to make next of WHY IS THE GOVERNMENT BORROWING MONEY?! Is because we have artifically low tax rates, so they have to borrow money from other nations, because if people pay an extra 4% on their taxes, the world will explode.
Also where did the money before 1913 come from? Hint: It says in the constitution states are not allowed to print their own money, nor are the people allowed to print their own money.
Stinkywrix 2 years ago
Congress was responsible for the creation of money before 1913. Not a privately owned central bank. They have zero oversight on how much money they print and the US govt keeps borrowing it because "hey look we can just print money and keep taxes low! AWSOME."
Its complete insanity.
cas343 2 years ago
We borrow money because we're spending hundreds of billions all over the world propping up military bases, while we "don't have enough money" to spend on education.
Close all these bases in Japan, Korea, Guam, Germany, Iraq, Afghanistan, and we can finally use our money the UNITED STATES.
cas343 2 years ago
Guess who keeps our bases there? The Republican party! What do you think would happen if a democrat proposed pulling out of those areas, hell, what DID happen when we proposed pulling out of Iraq? We were criticized for being "soft on terror" and "not being committed to Americas defense" We have proposed before to leave, but we were shot down.
Stinkywrix 2 years ago
Um... Eisenhower pulled out of Korea.
Nixon pulled (badly) out of Vietnam.
Reagan pulled out of Lebanon.
They're all Republicans. Republicans have been predominantly anti-war. In fact most of them voted against bombing Kosovo in 1999.
Republicans have ended most wars that Democrats started. Don't kid yourself.
cas343 2 years ago
U.S. military spending is only around 4% of the GDP.
4 cents of every dollar of everything America produces.
4 cents.
captmoroni 2 years ago
Yeah? And how much money of our GDP would it take for us to have a decent single payer health care system? It would probably be a little bit more expensive then that. But apparently, having a single payer health care system would be !!!SOCIALISM!!!
Stinkywrix 2 years ago
Oh no, I never knew an artifical construct of man could BE EVIL! NOT THE EVIL INFLATION OH NO!
Stinkywrix 2 years ago
ok
1. Our dollar is worth $0.03 compared to the dollar in 1913. Compare the price of oil to the price of gold over the last 50 years. You'll see that the price difference has stayed basically the same. Things aren't more expensive, our money is just worth less.
2. Congress was forbidden from making paper into legal tender. Only gold, silver, and their respective certificates are allowed. Now look at whats happening.
3. The government CANNOT audit the federal reserve.Fed = PRIVATE ORGANIZATION
cas343 2 years ago
That is because goods have gotten cheaper! It's easier to make stuff, we don't rely as much on the hands of workers, now we have machines do those jobs, and workers operate those machines!
Also article 1, section 8 of the consitution grants Congress the power to decide how money is regulated. In fact: To coin money, regulate the value thereof, and of foreign coin, and fix the standard of weights and measures;
There is the text itself. Nowhere does it say we have to use Gold, or Silver
Stinkywrix 2 years ago
Correct. Since when can they give that responsibility to a private (ie) NON ELECTED) organization? A central bank no less. They are not responsible for regulating the money supply.
Look at Article 10: No STATE (the United States maybe?) shall make any Thing but gold and silver Coin a Tender in Payment of Debts;
cas343 2 years ago
Section 10 of that same article says that states ARE NOT allowed to use anything but gold or silver, not the national legislative branch.
Stinkywrix 2 years ago
Like I said, the Legislative Branch is NOT responsible for the creation of money, a private bank is.
Besides, guess who makes up the legislative branch? Um the STATES maybe? That like saying "no student shall burn his or her textbooks", then saying that a University that has a class called "textbook burning 101" is following the rules.
cas343 2 years ago
So lets say that the guy who prints the bales of hay prints 1000 more bills. How many bales of hay can he now buy? Yes 1000. That's MORE than all there is in the town! Now you lock your money in a vault and guard it with your shotgun thinking "no one can take my money now!" Well you get up the next day and take out your hay dollars to the store and guess how much hay now costs? DOUBLE. You own HALF of what you had originally! See you can now only get 5 bales of hay, not 10!
cas343 2 years ago
bellow 7000?...or
OVER 9000!!!!!!!!!!!
anyways stop making videos you look like a wanna b know it all
rayruiz12345 2 years ago
but now its going back up... so what did obama do right recently to get it back in the right direction??? What was bush's policy that got the dow to 13k??? and why did he stop doing it to allow it to freefall? Truth is a President has very little to do with the stock market. Also, I would be more willing to subscribe if you included examples instead of just using absolutes to back up your arguments.. Im kidding, im not going to subscribe
jocylean 2 years ago
Those eyes scare the fock out of me
AbartsWorld 2 years ago
its because he is reading.
jocylean 2 years ago
IT'S A GOOD THING YOU CAN JUST LEARN ONLINE heh... o you need professors... hmmm...
no????
Who did they learn from???
Who did the ones they learned from learn from ect...??
acrislazoiu 2 years ago
to just fix everything right now make the prices extremely low on everything... make it harder to get into trouble give out the same amount of money make everything cheaper...
make transportation easier...
make education free
BECAUSE WHY THE HELL DOES EDUCATION COST ANYTHING??
It almost doesn't!!
acrislazoiu 2 years ago
make food horrible and then harness the power of making the mind feel what is not there so that you can create an awesome illusion of good taste...
acrislazoiu 2 years ago
we need surplus freedom
like so we need to make technology where like people can't hurt each other and stuff because humans will have immunities to being attacked must end world hunger using science why can't you give everone option of special surgery of a tube somewhere on their body perhaps even an amazingly small one with the use of nanotechnology where then you plug in and suck up liquid food of some sort and nobody will be annoyed by it because of the smallness of it..
acrislazoiu 2 years ago
yea price controls really suck...
acrislazoiu 2 years ago
hey what would a smart person invest in right now??
acrislazoiu 2 years ago
why don't we make every business that exists have no choice but to remain and then make everything free...
where they can never ever change their hours...
you should
force everyone to play chess....
over and over...
or take away all sound
and put captions somehow to force everyone smarter...
acrislazoiu 2 years ago
Snow forms best just below 0C when the air is still warm enough to supporrt alot of moisture which then crystalizes. Ironically snow does not form well at colder temperatures.
Record snow dumps at the start, during and end of the winter season, are all indications of warm temperatures (ie just below 0C), which plays to radical enivronmentalists. Please don't give those assholes ammunition by noting any other large but isolated snow storms.
RightWingWriter 2 years ago
I await your video praising Obama on how much he managed to turn the DOW around.
tim9798 2 years ago
the dow is at 7,776. the reason is that the Obama administration is going to buy back toxic assets.
It's going up again.
Did you expect Obama to get the dow at 14,000 again during his first week or something?
beatlesiracundos 2 years ago
Obama is still in the hole by about 800 points. Obama started his term with the dow at 8500. So yah the dow going up still doesn't mean much.
JoshMcRay 2 years ago
well my portfolio went from like 7% to 15% gain since his plan was announced so that does mean a lot!
I was about to short sell a bunch of stocks, but right now I can't since the stock market has been doing so well for the past 2 weeks.
Remember jump starting this economy is not going to be easy.
beatlesiracundos 2 years ago
I believe! Change is all I have left.
NiemandBinich 2 years ago
Re: education subsidy. I am both stupid and lazy. I'm 22 and I own a house that has appreciated by ~50K since I bought it and the turn around in house prices hasn't affected my neighbourhood (its inner city rather than suburban). I work about 20 hours a week (because I work is boring); do I deserve this wealth more than the guy working 40 hours a week- I doubt it. My advantage? I had a dad that made enough to co-sign on the mortgage, and a boss who offered me a better wage than most.
morgantsangari 2 years ago
Dude, you are so brilliant...
It's amazing how uncommon common sense actually is. Keep it up.
mjp412 2 years ago
Absolutely great stuff keep up the good work!! I love how almost everyone that opposes you and comments against you has almost no argument. They just call you an idiot and leave. Way to go uninformed Americans. You got us in this mess thats turning us into fucking France.
butlerguy1990 2 years ago
Learn how to read, it's quite the opposite. Bring up facts, and he'll call you an idiot almost on cue...
RobOntiveros 2 years ago 3
What the fuck do you think taxation is? It's a redistribution of wealth. Any tax is. And I'm going to go out on a limb here and guess that not a peep was heard from you when Bush's tax cuts redistributed wealth from the poor to already wealthy, or when Reagan did it in the 80's. Why is it only called redistribution when the government acts as reverse Robin Hoods?
RobOntiveros 2 years ago
No, I meant that Obama had nothing to do with the Dow falling and unemployment rising, it was thanks to the Bush cabal.
AlmightyKingGodzilla 2 years ago
Uhm, no During the 80's recession (which was worse than this 2X) Reagon got us out of it..You know how? CUTTING TAXES! The economy was doing fantastic after that and we started to advance in many things including technology and were the most advanced. Then Clinton was elected it the adminastration started making descitions like Obama and got us in this mess..Bush helped alot of it. but Congress were passing Retarded things. Obama is increasing that. Btw what did bush do to get us in this?
PivotB3stZ 2 years ago
Your revisionist history does not change facts, I will not argue with a sheep. Enjoy your mental domination.
AlmightyKingGodzilla 2 years ago 2
Guess what smarty pants, we've been cutting taxes for 8 years now, where is our awesome economy? ...
Under Clinton the economy surged, consistently throughout his term, ya....really his fault.
tim9798 2 years ago
Cutting taxes...I have no idea where you got that. The rescession in the 80's was 3 times worse than this and guess what...Reagan got us out of it by cutting taxes. BTW name calling is just an excuse because you can't say anything to support your statement =]
PivotB3stZ 2 years ago
Nice try, out of the 30 words in my comment, only 2 were reserved for name calling.
On the other hand, you haven't responded to ANYTHING I said, so let me try this again,
I got the idea you wanted to cut taxes from the comment I responded to, you kno the CAP LOCKED WORDS CUT TAXES.
we've been cutting taxes for 8 years now, where is our awesome economy?
Under Clinton the economy surged, consistently throughout his term, also the deficit grew in Reagan's term, so much for fiscal responsibility.
tim9798 2 years ago
No, we weren't cutting taxes that much because things like that hardly ever got passed. Not to mention the 11 states we're going to bail out that all are democrats, (except California..But I wouldn't consider Ronald a conservative republican at all)
PivotB3stZ 2 years ago
Ever heard of "Jobs and Growth Tax Relief Reconciliation Act of 2003"? And are you kidding me? Republicans controlled the house, senate, and presidency for 6 straight years, tax cuts "hardly ever got passed" is BS and you would have the republicans to blame if that were true.
tim9798 2 years ago
Meanwhile, in reality..
0:40 - The US has put milk under price control for years. Its worked just fine.
0:50 - Mao's famine was a result of turning unskilled farmers into steel workers that produced sub-par steel.
2:27 - Using the word Czar in a title does not make Obama a communist, you correlationist fuck. Shall we remember that Nixon start the whole Drug Czar thing?
3:50 - How has the spending bill affected the Dow, directly or otherwise?
The only abject failure here is you.
Xerock 2 years ago
Hey Drone:
Cite me one law where the government prevents me from charging any price I want for Milk.
Mao's famine was a result of collective farms and deliberate starvation and torture of peasants.
Nixon also instituted disastrous price controls that lead to shortages and said, "We're all Keynesians now."
When B.O. says he's going to Cap Carbon, and spend 3 trillion, that means insane taxes to fund this debt, which tanks the Market.
You're an idiot.
HowTheWorldWorks 2 years ago
agreed, except drone probably isn't an idiot so much as he is a liar and loser. He expects us to believe that he got out of the service and became instantly homeless and was forced to get on welfare... but, I guess if that is true than your right and he is an idiot for not saving enough money for first months rent. Except right out of the service he wouldn't be elegible for any kind of wellfare except food stamps maybe.
Like your channel!
gtq838 2 years ago
The dairy farmers have always been under regulation to keep from charging whatever they want for Milk. Where the fuck have you been for the past 60 years?
Deliberate starvation? bullshit.
Or he borrows it, yet again, from China like GWB did.
The shit in your brains just oozes and never stops, does it?
Xerock 2 years ago 2
Again genius.
Cite me one law that prevents farmers from charging whatever they want for milk. You're a loser.
HowTheWorldWorks 2 years ago
So much for being an intellectual above ad hominem attacks, as all your subscribers claim.
tim9798 2 years ago
Mao's famine was a result of collective farms and deliberate starvation and torture of peasants. really? just want to make sure, no offense can you give me some further info on that?
sisuo2 2 years ago
Mao the unknown story.
The Black Book of Communism.
HowTheWorldWorks 2 years ago
LOL. He's quite a spin artist, isn't he... actually, he's really good at reading other bloggers' work... I first was slightly impressed with his ability to view such extreme positions on such hot topics. Then I realized the moron is posting the actual citations on the side... then I hung my head in shame as I realized how big a tool this man is. Shucks. I am shocked he doesn't have a black eye every time this is filmed. He deserves more than that.
dannyecrane 2 years ago
He just spins the shit that has already been spun.
I could do something worse to him than give him a black eye. I can wreck his world and make him cry his eyes every single morning.
Xerock 2 years ago
This fucking nerd has no idea what hes talking about. Every time hes confronted with facts, he retreats to five year old talk and calls people idiots. I hit him in the face with data about the causes of poverty, and he threw a fit, insisting that my info was from a left wing think tank. Never mind the fact that it was from the non partisan Economic Policy Institute. His facts are all wrong, and hes clearly got an inferiority complex, and its not hard to see why...
RobOntiveros 2 years ago 2
Thank god Tom's got your support.
dannyecrane 2 years ago
The government is giving the banks a loan and also charging interest. The government is *not* actually attempting to take over the banking business.
Government *assisted* healthcare that isn't fucked. Wouldn't that be nice? Less than a year ago, I was one of those Unemployment collecting, homeless vets, living with Mom with a wife and son as I scrambled to get my life on track after being in the military. Want to know something crazy about the whole thing? I didn't qualify for Medicaid.
dannyecrane 2 years ago
I think you should consider sticking to Gymnatics.
dannyecrane 2 years ago
Fuck Obama. Yea, that's right I said that shit. Hate me, everyone.
doinblow 2 years ago
You know what I would like to see, a president who has studied economics as their major, and studied economics through their free time to make sure they actually know what they are doing. Instead of this "my plan" crap that I keep hearing, I want to hear a "History has shown us THIS needs to be done and nothing else" presentation. Yeah I know it sounds crappy, but the sad thing is, I'm no history buff and I am certain I know what needs to be done right now that would help boost the economy.
EPhantom125 2 years ago 2
Great...another partisan hack. just what the world needs
pulppeeler 2 years ago
You're right, Obama is a change from the last 8 years of failure.
AlmightyKingGodzilla 2 years ago
Ugh, Midwestern accents are the worst...
JoeRxb 2 years ago
Paid? Are you talking about campaign contributions? So do we blame the republicans who are 5 of the 10 ten recipients from Fannie and Freddie?
rickamabob13 2 years ago
Name the top ten in order.
HowTheWorldWorks 2 years ago
Dood, C
Obama, B
Kerry, J
Bennet, B
Bachus, S
Blunt, R
Kanjorski, p
Bond, C(Kit)
Shelby, R
Reed, D
rickamabob13 2 years ago
DOW up over 7300. Change you can believe it.
Taste it.
mbjl1758 2 years ago
So any republicans who voted for those must be to blame also. Including the 18 representatives and 6 senators who voted or the most recent Tarp.
What does voter registration, Acorn, have to do with the Dow Jones Industrial Average?
rickamabob13 2 years ago
Acorn put pressure on Banks to lend to people who couldn't pay. That was their main purpose, registration is not their main job.
That plus freddie mac and fannie mae and the fed's low rate tanked the economy and the Dow with it.
HowTheWorldWorks 2 years ago
And even though Barack Obama was just one of a hundred senators it's his fault?
Plus anything that was passed had to signed by President Bush.
rickamabob13 2 years ago
He was 2nd highest paid person from Freddie Mac.
He also worked for Acorn.
HowTheWorldWorks 2 years ago
After law school Obama joined a civil rights law firm in Chicago and was one of the attorneys, along with the US Dept of Justice, who successfully represented a coalition of groups including ACORN in a legal case that won better enforcement of the National Voter Registration Act in IL.
In the early 1990's, Obama accepted two invitations to be an unpaid guest speaker at trainings for volunteer community leaders organized by Chicago ACORN.
He never worked for ACORN.
rickamabob13 2 years ago
He was a community organizer for ACORN.
HowTheWorldWorks 2 years ago
For 3 yrs Obama worked for a group of churches that were concerned about their parishioners, many of whom had been laid off when the steel mills closed on the south side of Chicago. They hired Obama to help those stunned people recover and get the services they needed--job training, help with housing and so forth--from the LOCAL government. This affected the nat'l housing market
By your reasoning since I once worked for someone who embezzled then I must also be an embezzler.
rickamabob13 2 years ago
Since you're not contesting my second point then it must be patently true.
rickamabob13 2 years ago
I did respond to it.
HowTheWorldWorks 2 years ago
That's nice someone makes a mistake and instead of trying to be civil about it you just automatically start throwing insults at them.
rickamabob13 2 years ago
Yes, you asserted that I was wrong by citing something that was patently untrue.
HowTheWorldWorks 2 years ago
Mr. HowTheWorldWorks,
Ohh, real intelligent resort to insults. Yes, I may have misspoken about the President's speech, but since then he has talked about there being good and bad pork.
rickamabob13 2 years ago
I resort to insults when people make rebuttals disputing my claims without checking their own facts.
HowTheWorldWorks 2 years ago
Two points Mr. "Howtheworldworks"..
First it was Senator McCain not Senator Obama who said No Earmarks. Check the videos from campaign.
Second, on the day you made this video you said the DOW was down 16% or 1516.34 pts since Obama became President, but the DOW dropped 44% or 62266 pts. during the last 15 months Bush was in office. Or is the the last 15 months of Bush's 2nd term Senator Obama's fault also?
rickamabob13 2 years ago
Obama said no Earmarks you abject idiot. He even said it IN HIS SPEECH BEFORE CONGRESS!
And Yes, since Obama supported TARP, ACORN, Fannie and Freddie.
HowTheWorldWorks 2 years ago
This has been flagged as spam show
Ban Coultergeist, Flush Dimbaugh & Fox (aka Faux) News are the MAIN reasons RepubliCONs have LOST 55 US Senate & House seats over the last 2 elections. Ann is an ugly, bulimic,drag-queen bimbo, who deserves to be put out of her misery. She's a PIG.....with or without lipstick! Flush is nothing but a fat-ass, drug addicted HUGE assh*le.
Fox News is about as fair & balanced as Bulimic, Drag Queen Ban Coulter & Fat Ass, Drug Addict Flush Dimbaugh sitting on opposite ends of a see-saw. ~S Hannity
mavrek47 2 years ago
Jezz, man, you don't blink your eyes a lot!
usergently 2 years ago
1:00 you have the best point. Im disgusted by this crap. especially the celebrities endorsing it
collapseofthedollar 2 years ago
USAGymnast, why don't you go do some cartwheels? You're a freakin joke...
RobOntiveros 2 years ago
Oh... "I second that."
... Just in case you needed my approval... *scroll up if you don't know what I'm talking about :)
dannyecrane 2 years ago
In the 1980's, we recovered from a recession? In 1981 and 1987, we went through recessions. The one in 87 was so bad, the stock market crashed in what was labeled 'Black Monday'. Banks failed and required bailouts. Geez, do conservatives get anything right?
RobOntiveros 2 years ago
Poor don't pay taxes? What do you call FICA? Social Security? Medicare? Medicaid? Moron...
RobOntiveros 2 years ago
Thats taken out of the poors taxes, but a lot of the people below a certian income line actually get more tax return than they've paid. In this sense its as if they dont pay taxes.
vidfreak56 2 years ago
What the fuck, are you high? FDR prolonged the Depression? Why don't you look at actual data instead of spewing right wing talking points that are flat out wrong? Unemployment was 25% when FDR took office, and fell to 14.3% in 1937. What happened in 1937? FDR scaled back New Deal programs, and unemployment went back up to 19% in 1938. When he reinstated the programs, unemployment dropped again. This is from the Bureau of Labor, you fucking hack. Get your facts straight, lest you look like a dolt
RobOntiveros 2 years ago
Comment removed
gretabetta 2 years ago
dear RobO... go read The Forgotten Man by Amity Shlaes or the latest Kerbo before you comment.
gretabetta 2 years ago
no one in here is anti capitalist, jackass...
RobOntiveros 2 years ago
bill o'reilly is a joke, what do you expect? no one knows where that clown stands, his positions on major issues change every day.
urahdwn 2 years ago
accccch.
1. I'm not a liberal and I'm pro-life.
2. I'm completely against taxation.
You're just doing the same thing that neo-liberals do to the word "conservative", and that's stupid. You essentially just accused me of being a murderous, lying, ignorant thief because you thought I was "liberal."
Look up the definition of a classic liberal and a classic conservative, I think you'll be surprised at the similarities and the fact that you are most likely a neocon.
Amy31415 2 years ago
Natinalisim is socialism. I'm for a real Republic, where the people hold the majority of the power.
admiralcrash1 2 years ago
Of course....they do not want to fix the economy....it is common sense they want to choke it......that is how the rich REALLY GET RICHER....when we are dirt poor....they buy us up.....then sell to us at higher prices when we rebound.
blldgs101 2 years ago
The economy was fine under Reagan?
Man...more and more each day....Im reminded of the book The Road to Serfdom! Reagan's favortite.......learn its lessons. Read a blurb in Wikipedia.
blldgs101 2 years ago
Here's a good question for all pea brained cons(ervatives) who buy into nonsensical talking points: Why is it wealth redistribution when taxes on the rich go up, but not when Reagan taxed the working poor into oblivion to pay for those tax cuts for the rich? Double standard embracing hypocritical bastards...
RobOntiveros 2 years ago
It's Smoot-Hawley, idiot, not Smooth-Hawley. And no one is anti capitalist. This isn't even a capitalist society, it's a monetarist one. Financial institutions and instruments constitute something like 40% of GDP, as opposed to pre-1980, where it was around 5%. This nation doesn't produce anything, we just move money around in circles and act surprised when banks fail. This is no way to run an economy. We need to go back to a production based, and consequently, a tariff based economy.
RobOntiveros 2 years ago
What? Are you high? The tax cuts of the late 20's/early 30's led directly to the great depression. Hoover lowered the top tax rate from 73% to 24%. That started a big crash, and by the time he realized he needed to take that tax rate back to 73% (which he did) it was too late. By that point, the country was in a depression. Tax cuts caused bubbles and crashes in the 80's as well. 1981, tax cut, boom, bubble, crash. 1987, tax cut, boom, bubble, crash, bank failure, bailout. Get your history right
RobOntiveros 2 years ago