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Election 2010: Quick Thoughts

Yes, I agree with everything you say.I think it crazy to blame Obama for the problems America-it must be the Bush years that caused the problem.

The first thing is that there is a difference between the individual and the economy. If there wasn’t, economics would be accountancy.

If an individual is living beyond his means, then yes, cut back on spending. But a country is not an individual. An individual’s income comes from an external source (an employer, customers or the dole) but a country’s income comes from itself mainly. Because of this, when a country cuts spending, it ends up cutting its own income.

This might sound like a contradiction, but it can be explained by simple bit of economics called the multiplier.

In a normal functioning economy, when people have money they spend it. The people they give it to when they spend, also spend it, and so on. The money is shunted on throughout the economy.

When you cut, the opposite occurs. The more we cut, the more the economy will shrink because there is in tandem with the cuts a credit crunch — the banks are bust and interest rates are going up, not down. Obama is probably not spending enough!!

since you are such an expert what exactly did Bush do with a Democrat controlled Congress to create this economic mess? We don't elect a king here and funny, the actual economic results don't show a disaster until Democrats took control of Congress. I guess it is easy loving Obama policies living thousands of miles across the sea. My bet is you really are jealous over what we have here and like Obama really don't like American exceptionalism.
 
Seems that happens a lot on other issues as well as Europeans seem to be coming here for healthcare needs as well. Thanks, but I view myself as one of the lucky ones, I was born in the greatest nation on the face of the earth. All I see from you is jealousy.

Oh, there are a few things I admire America for, but if I get a serious illness, frankly, America would be among the places I want to be least. You guys are great people. You have a great optimism, and so far, you have always gotten back on your feet. Also, you do a great job of integrating immigrants. It's also great that you were bold enough to vote a black man into the White House. Couldn't have happened here.

But at the moment, I don't really see much else about America that's admirable. You've run yourself into a deep mess, by starting an unnecessary war and a wrong financial policy, including the naive assumption that doing as the financial donators please will bring benefit, while this deregulation has caused the worst economic crisis since the 1930s. Bush spent like a drunken sailor and even cut taxes, playing away the surplus Clinton had left him, and Obama had to spend even more to prevent the worst from happening as a result of that. And even your optimism seems to be on holidays at the moment, just look how angry and pessimistic this campaign was.

Germany, on the other side, is florishing, despite all problems. Economy back to a growth higher than before 2008, unemployment on the lowest point in 18 years, and debts are high, but not horrendous. At the same time, we still have an encompassing social welfare state that makes sure nobody falls off the train because of mere bad luck.

I'm not saying America is bad. It's certainly not worse than most of Europe is. But it isn't really in a much better position either. And your desperate nationalism that causes some of you to look down on us over here, is definitely misplaced.
 
Very civil post and thanks for the insight. I will correct you on one thing, the bank bailout was TARP and that was passed and signed by GW Bush and is credited with saving the banks. I didn't support TARP but it was Bush's program and most of that has been paid back.

Exactly right and just about all the wastefull spending that followed under Obama failed to do anything worth a damn other than promote Obama's agenda of economic disaster, which we might have seen the last of it the New Congress has the guts to stand up to Socialism/Marxism and weather the strom of name calling that is sure to come, from the loser Lefties.

A second more devastating rescission may now not happen but it will take an iron will to force cut backs in all the wasteful spending and the needed tax cuts to get the economy moving.
 
As stated, I will take the 14.5 trillion dollar American yearly GDP over anything in Europe plus the incredible opportunities all Americans have over anything in Europe.

I don't need your education about Europe but thanks for the offer. In this country we accept personal responsibility, in your country that personal responsibility is paid for by someone else. Amazing that with Europe being that great your uncle would send his daughters to school in America. Seems that happens a lot on other issues as well as Europeans seem to be coming here for healthcare needs as well. Thanks, but I view myself as one of the lucky ones, I was born in the greatest nation on the face of the earth. All I see from you is jealousy.

Look my ancestors went to America 160 years ago during the 1845 Famine(he's American)Europeans don't go to America for healthcare that's bull**it.Some rich people go to the Mayo Clinic for some specialist treatments, Americans come to Europe for some also it works both ways.

GDP is not what it's about it standard of living that matters. China is the biggest economy in the world, Germany is the 2nd biggest exporter, Europe is the biggest. Life expectancy is better in Europe I could go on.

I have already explained "what don't you understand are you a ****ing Idiot" we pay for everything throught our taxes, nobody payes for me I pay tax, Do you get it now?????
 
My bet is you really are jealous over what we have here and like Obama really don't like American exceptionalism.

Yeah, I think exceptionalism in general is silly, no matter if it's American exceptionalism, or European, or Irish, or German. Especially when it comes with only few knowledge of others, of which you claim you are better than they are. German exceptionalism, at least, obviously was historically not a good thing. I prefer the view that we should respect our differences, learn from each other, and not be too quick to claim we are better than someone else. Simply because often, those who are most convinced of that, are those who know the least and are most wrong.
 
Oh, there are a few things I admire America for, but if I get a serious illness, frankly, America would be among the places I want to be least. You guys are great people. You have a great optimism, and so far, you have always gotten back on your feet. Also, you do a great job of integrating immigrants. It's also great that you were bold enough to vote a black man into the White House. Couldn't have happened here.

But at the moment, I don't really see much else about America that's admirable. You've run yourself into a deep mess, by starting an unnecessary war and a wrong financial policy, including the naive assumption that doing as the financial donators please will bring benefit, while this deregulation has caused the worst economic crisis since the 1930s. Bush spent like a drunken sailor and even cut taxes, playing away the surplus Clinton had left him, and Obama had to spend even more to prevent the worst from happening as a result of that. And even your optimism seems to be on holidays at the moment, just look how angry and pessimistic this campaign was.

Germany, on the other side, is florishing, despite all problems. Economy back to a growth higher than before 2008, unemployment on the lowest point in 18 years, and debts are high, but not horrendous. At the same time, we still have an encompassing social welfare state that makes sure nobody falls off the train because of mere bad luck.

I'm not saying America is bad. It's certainly not worse than most of Europe is. But it isn't really in a much better position either. And your desperate nationalism that causes some of you to look down on us over here, is definitely misplaced.

thanks for the positive comments but there are some falsehoods manufactured by a corrupt media and too many people either aren't smart enough to research or are simply too lazy.

First, regarding the "unnecessary" war. Tell me do you think the world would be better off today with Saddam Hussein still in power funding and harboring terrorists? At the time, your intelligence agencies along with British intelligence and most other intelligence agencies said Saddam Hussein had WMD and after the biggest attack on American soil that could not be allowed to happen. Being proactive is something politicians do not often do but that sometimes means doing what is right even if unpopular.

Bush spending like a drunken sailor is what you have been led to believe. The President of the United States only controls about 40% of the budget which is discretionary spending so with a 3 trillion dollar budget that is about 1.2 trillion dollars. The rest is entitlement spending and that amount has built in cost of living adjustments. Bush discretionary spending increases were less than inflation and didn't lead to the debt he left us. 9/11 cost over a trillion dollars, Hurricanes Katrina, Rita, and Ike cost billions and those hit the deficits. Bush tried to reform entitlements and was rebuked by both Democrats and Republicans. In spite of all that he is responsible for the debt generated by his deficits yet Obama has tripled the Bush deficits and has added 3 trillion to the debt in two years.Bush added 5 trillion in 8. You do the math as to what Obama will add.

Also let's put to bed the lie that Bush inherited a surplus. According to the U.S. Treasury there was NO surplus and the Treasury is the checkbook of the United States. Every year of Clinton the debt went up and that wouldn't have happened with a surplus. It was a projected surplus based upon govt. generated assumptions that never materialized and a lot of that had to do with the recession Clinton left Bush and then 9/11. There is no way the projected surplus could happen with a recession.

I am very happy that Germany in florishing. I really like Merkel and believe she is headed in the right direction. I will still stay in this country and benefit from my own productivity and entreprenuerial ability. With Barack Obama it won't be long before we are just like every other country in the world and for me that is hard to take.
 
Look my ancestors went to America 160 years ago during the 1845 Famine(he's American)Europeans don't go to America for healthcare that's bull**it.Some rich people go to the Mayo Clinic for some specialist treatments, Americans come to Europe for some also it works both ways.

GDP is not what it's about it standard of living that matters. China is the biggest economy in the world, Germany is the 2nd biggest exporter, Europe is the biggest. Life expectancy is better in Europe I could go on.

I have already explained "what don't you understand are you a ****ing Idiot" we pay for everything throught our taxes, nobody payes for me I pay tax, Do you get it now?????

LOL, I love being called names by someone who doesn't know what they are talking about. You do fit the bill of an arrogant European who really is jealous of what we have here. I am probably old enough to be your grandparent and just love being lectured by a basic socialist, carry on. I don't have any further use for you.
 
since you are such an expert what exactly did Bush do with a Democrat controlled Congress to create this economic mess? We don't elect a king here and funny, the actual economic results don't show a disaster until Democrats took control of Congress. I guess it is easy loving Obama policies living thousands of miles across the sea. My bet is you really are jealous over what we have here and like Obama really don't like American exceptionalism.

Your just a fool-i'm not wasting my time trying to explain to you anymore. maybe some day soon when your sick, and when your insurance company won't cover you because maybe you forgot to pay or maybe you didn't disclose some former illness.You might understand then.Just go and **** off
 
it's not to late to get an education **** off
 
thanks for the positive comments but there are some falsehoods manufactured by a corrupt media and too many people either aren't smart enough to research or are simply too lazy.

First, regarding the "unnecessary" war. Tell me do you think the world would be better off today with Saddam Hussein still in power funding and harboring terrorists? At the time, your intelligence agencies along with British intelligence and most other intelligence agencies said Saddam Hussein had WMD and after the biggest attack on American soil that could not be allowed to happen. Being proactive is something politicians do not often do but that sometimes means doing what is right even if unpopular.

Bush spending like a drunken sailor is what you have been led to believe. The President of the United States only controls about 40% of the budget which is discretionary spending so with a 3 trillion dollar budget that is about 1.2 trillion dollars. The rest is entitlement spending and that amount has built in cost of living adjustments. Bush discretionary spending increases were less than inflation and didn't lead to the debt he left us. 9/11 cost over a trillion dollars, Hurricanes Katrina, Rita, and Ike cost billions and those hit the deficits. Bush tried to reform entitlements and was rebuked by both Democrats and Republicans. In spite of all that he is responsible for the debt generated by his deficits yet Obama has tripled the Bush deficits and has added 3 trillion to the debt in two years.Bush added 5 trillion in 8. You do the math as to what Obama will add.

Also let's put to bed the lie that Bush inherited a surplus. According to the U.S. Treasury there was NO surplus and the Treasury is the checkbook of the United States. Every year of Clinton the debt went up and that wouldn't have happened with a surplus. It was a projected surplus based upon govt. generated assumptions that never materialized and a lot of that had to do with the recession Clinton left Bush and then 9/11. There is no way the projected surplus could happen with a recession.

I am very happy that Germany in florishing. I really like Merkel and believe she is headed in the right direction. I will still stay in this country and benefit from my own productivity and entreprenuerial ability. With Barack Obama it won't be long before we are just like every other country in the world and for me that is hard to take.

Hans Blicks: don't you remember him saying that there were no WMD's no that's right Fox news didn't cover that.
 
Your just a fool-i'm not wasting my time trying to explain to you anymore. maybe some day soon when your sick, and when your insurance company won't cover you because maybe you forgot to pay or maybe you didn't disclose some former illness.You might understand then.Just go and **** off

Grow up little man
 
Yeah, I think exceptionalism in general is silly, no matter if it's American exceptionalism, or European, or Irish, or German. Especially when it comes with only few knowledge of others, of which you claim you are better than they are. German exceptionalism, at least, obviously was historically not a good thing. I prefer the view that we should respect our differences, learn from each other, and not be too quick to claim we are better than someone else. Simply because often, those who are most convinced of that, are those who know the least and are most wrong.

It's good that we learn from history, Germany has a difficult history,but you have a truly great country now, with it must be said the help of America.I also like America and American people, but I feel sorry for intelligent Americans right now have lost to the Republicans yesterday.
 
thanks for the positive comments but there are some falsehoods manufactured by a corrupt media and too many people either aren't smart enough to research or are simply too lazy.

You are welcome! And all my best wishes for our friends on the other side of the ocean, I am sure you can handle your problems, as you always have. But don't worry, I am not someone who buys in superficial media reports easily, no matter if those are American or European media reports. I did quite a lot of research on Iraq myself.

Also, while it's true that many parts of the media are superficial and advance falsehoods against the war, I found that there are at least as many falsehoods advanced on right-leaning, biased parts of the media. I'm sad the debate about this controversial, yet crucial topic was so much influenced by partisanship on all sides.

First, regarding the "unnecessary" war. Tell me do you think the world would be better off today with Saddam Hussein still in power funding and harboring terrorists? At the time, your intelligence agencies along with British intelligence and most other intelligence agencies said Saddam Hussein had WMD and after the biggest attack on American soil that could not be allowed to happen. Being proactive is something politicians do not often do but that sometimes means doing what is right even if unpopular.

Well, first of all, I am happy Saddam Hussein no longer is in power to oppress his people. And I hope Iraq will become a florishing democratic republic, as its people deserves. But that's not sure yet; once America withdraws, it may very well fall back into civil war between different factions or ethnicities, or become prey of Iran, which allies with the Shia majority there. In that case, all the efforts spent to bring Iraq freedom would have been in vein. And it's too early to tell.

My opposition to the Iraq war was based on the conviction that it was simply too risky. Now things may end well, but that wouldn't make my opposition wrong. It's well possible it was indeed too risky, but still worked out. Why do I think it was too risky? Even before the invasion, many skeptics already outlined the problems, many of which actually became reality: The occupation will not be as easy as Bush and Rumsfeld imagine, America will not just be welcomed as liberator, it will take much longer, there will be high bloodshed, it may destabilize the region and cost much, much more than initially expected. It's negligent not to send more troops. And there are no good plans for a stabilization post-invasion.

All of these concerns have unfortunately proven right by history. I don't have exact numbers, but the invasion was incredibly costy. The bloodshed was very high, different estimates say between 100,000+ and 655,000+ civilian casualties, which means not much fewer to five times the number of people per year than were killed under Saddam's rule. There was rampant violence, crime and almost civil war, until "the surge" which brought some relief -- but that could have been avoided, had Rumsfeld and Bush not insisted on such a low number of soldiers at first. The worst predictions about a destabilization of the region have not yet come true, but it's not decided yet.

And I understand America was in a shock after 9/11. I felt with you. But I believe Bush abused this shock. He used the atmosphere of fear to get through this unnecessary war, which he would never have been able to get through without that fear. Why unnecessary? Unlike Afghanistan, Iraq had nothing to do with the attacks. It was a secular regime by a nationalist dictator, who even imprisoned islamists. It was well-contained after the war 1991, and 20 years behind compared to the rest of the world. The claim about them developing WMD that pose an "immediate threat" to the US was exaggerated at best. It was simply not necessary, and way too risky to invade. I agreed with the Afghanistan war, but I believed and still believe Iraq was just not the right target, the invasion was unnecessary and way too risky -- and the results, we see today; Iraq way still fall to Iran, it has contributed a lot to the US deficit and the bloodshed was very high.

As for your claim the German intelligence service supported that claim, I have to correct you: This was the report by a source the BND considered as "grade D" and "highly unreliable". The chief of the German BND even explicitly denounced the claim he supported the invasion on national TV before the invasion, claiming "these reports the Americans are referring to are classified as highly unreliable", and he doesn't see any reliable evidence in favor of Bush's claims. And this is just one of many examples of the many falsehoods and half-truths the war-supporting propaganda media, especially the Murdoch media, advanced. They deliberately distorted the truth.

And indeed, after the invasion, none of the bold claims of the war supporters could be confirmed (at some point, Blair even suggested Saddam will have nukes soon that could reach Britain!), but on the contrary, no WMD were found. I was deeply concerned about the propaganda war and fearmongering the Bush and Blair administrations engaged in, and consider them a severe abuse of public trust and fear, and an unforgivable example of damaging democracy and public debate.

But maybe debating this now leads us too far off-topic. I just want to let you know where I stand.

Bush spending like a drunken sailor is what you have been led to believe. The President of the United States only controls about 40% of the budget which is discretionary spending so with a 3 trillion dollar budget that is about 1.2 trillion dollars. The rest is entitlement spending and that amount has built in cost of living adjustments. Bush discretionary spending increases were less than inflation and didn't lead to the debt he left us. 9/11 cost over a trillion dollars, Hurricanes Katrina, Rita, and Ike cost billions and those hit the deficits. Bush tried to reform entitlements and was rebuked by both Democrats and Republicans. In spite of all that he is responsible for the debt generated by his deficits yet Obama has tripled the Bush deficits and has added 3 trillion to the debt in two years.Bush added 5 trillion in 8. You do the math as to what Obama will add.

Thanks for the explanation. You are probably right that Bush's spending wasn't as bad as I said, using words of exaggeration. But I think you will agree that Bush did at least not really do anything to lower spending either. He did spend a lot, and was part of the problem, even if his role is smaller than some say.

Also let's put to bed the lie that Bush inherited a surplus. According to the U.S. Treasury there was NO surplus and the Treasury is the checkbook of the United States. Every year of Clinton the debt went up and that wouldn't have happened with a surplus. It was a projected surplus based upon govt. generated assumptions that never materialized and a lot of that had to do with the recession Clinton left Bush and then 9/11. There is no way the projected surplus could happen with a recession.

Fair enough. But at any rate, the budget was in a better situation when Clinton left, than when Bush left, wasn't it?

I am very happy that Germany in florishing. I really like Merkel and believe she is headed in the right direction. I will still stay in this country and benefit from my own productivity and entreprenuerial ability. With Barack Obama it won't be long before we are just like every other country in the world and for me that is hard to take.

Thank you very much! For some weird reason, Merkel's government is in a similar, yet different situation than Obama: The economy is growing, yet her government is very unpopular and polls show her a low at least as bad as Obama's. Sometimes, voters are not fair, it seems. ;)

And my best wishes for your country! I'm sure you will make it, with or without Obama.
 
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It's good that we learn from history, Germany has a difficult history,but you have a truly great country now, with it must be said the help of America.I also like America and American people, but I feel sorry for intelligent Americans right now have lost to the Republicans yesterday.

Yep, indeed, I feel gratefulness towards America, for liberating us from Nazism, defending us from communism and allowing us to reunite in peace. America was a great role model, and they allowed us to build a new Germany on the ruins of the old, a free, democratic and republican one. I love American pop culture, American music and movies are just great.

But still, we are different on some fields, and I am glad we are. We have learnt a lot from America, but we have a unique culture too we can be proud of. I believe Germany has proven that nobody has to be afraid of us anymore. So I hope that we can continue to learn from each other, as friends, while at the same time respect our differences.
 
Again, thanks for the comments and yes, regarding Iraq we will just have to agree to disagree plus the fact that it serves no purpose to relive that conflict now as we have more serious problems. IMO the U.S. had good intentions and sometimes good intentions fail. Bush has a book coming out next week that might provide some insight. I find it interesting that Merkel, Sarkozy, and former Prime Minister Blair seem to have had a much better relationship with Bush than they have with Obama but maybe that is just me.

I agree with you that the budget was left in better shape after Clinton but there is a reason, Clinton had a GOP Congress from 1994 on and they did cut his budgets. Democrats took over the entire Congress here in January 2007 and the recession began here in December 2007. It seemed to me that the Democrats were more interested in regaining the WH than doing their job of keeping the economy moving. There is plenty of evidence that the Democrats were every bit as responsible for the financial crisis we had as Bush was. Obama claims he inherited a mess but the reality is one cannot inherit what one helped create. In our country the President cannot spend a dime without approval from the Congress and every dime that Bush spent in 2007-2008 was approved by a Democrat Congress

Now Bush and the Congress did spend to much but IMO the alternative would have been much worse. We had a choice of Al Gore in 2000 and John Kerry in 2004. I believe the American people chose wisely. TARP, the Toxic Asset Relief Program, was the bank bailout program that was created by Bush's Treasury Secretary and passed. That is the program that some say saved the banks. It cost 700 billion dollars of which Bush spent 350 billion and left 350 billion for Obama to spend. Most of that money was repaid in 2009 but wasn't used to pay down the deficit and no one has asked the question why?

In the U.S. the fiscal year of the U.S. runs from October 1 to September 30 meaning that Bush was in office from October 1, 2008 to January 21, 2009. Obama claimed he inherited a 1.3 trillion dollar deficit. Deficits are yearly and as anyone can see there is no way that Bush created a 1.3 trillion deficit from Oct. 1, 2008 to January 21, 2009 so that was a blatant lie one of his many. There isn't an economic prediction Obama has made that is accurate yet people continue to believe his rhetoric.

I agree with you that this country will make it with or without Obama. We have a great history and some great people. I am glad to hear that Germany is doing well. My Father in Law was one of those that marched into Germany in WWII. He is 90 years old today.
 
How do you compromise food with poison. Obama Republican policies are poison.

Fixed.

I take it your memory is exceedingly short eh? Obama is a Republican on so many issues it's not even funny. Or at least what were Republican ideas.
 
Again, thanks for the comments and yes, regarding Iraq we will just have to agree to disagree plus the fact that it serves no purpose to relive that conflict now as we have more serious problems.

You are right. I'm glad we can leave that behind us. We have other things to worry about now. Although I am not entirely satisfied yet. One thing I still resent Bush and the Republicans for, is the policy of extralegal renditions, denial of fair trials for suspects and torture at places like Guantanamo and Bagram. I think nothing justifies that, this is a violation of the most basic human rights and values of our Western civilization. And we must not give up these values, no matter how afraid we are. It's simply not worthy of the leading nation of the free world, that used to be shining example for our entire civilization. You are better than that. Your country educated my people after the war, and we learnt that one of the worst things the Nazis did was denying suspects fair trials, and using torture. And I can't think of any possibly bigger government than one that can detain people at free will, unchecked by any court, imprison them for years and torture them, without giving them any access to legal assistance or a fair trial.

I was hoping Obama would change that again, but so far, he has only made cosmetic changes to these policies, and it doesn't look like there will be a fundamental change after all within the next two years. Then I was hoping those who call for "small government" in America now, angry with Obama, would put this horrible big government excess on the table again -- but nada. They complain more about higher taxes, than about the right on fair trials.

When these policies end, I will be really reconciled with America again, which I often did not understand and did not agree with in the past decade.

IMO the U.S. had good intentions and sometimes good intentions fail. Bush has a book coming out next week that might provide some insight.

That's probably going to be interesting. I wonder if Bush will claim that he actually opposed the Iraq war, and did all he could to stop it? :D

I find it interesting that Merkel, Sarkozy, and former Prime Minister Blair seem to have had a much better relationship with Bush than they have with Obama but maybe that is just me.

On a more light-hearted side note, look at this video:



Looks to me that Merkel was rather shocked, than pleased, by this nice love attack by President Bush! :D

But seriously, I think Merkel had good relations with both, Bush and Obama, from what I read. If there was uneasiness, I assume that's merely on individual level, not on professional level. Merkel is a bit stiff in general.

I agree with you that the budget was left in better shape after Clinton but there is a reason, Clinton had a GOP Congress from 1994 on and they did cut his budgets. Democrats took over the entire Congress here in January 2007 and the recession began here in December 2007. It seemed to me that the Democrats were more interested in regaining the WH than doing their job of keeping the economy moving. There is plenty of evidence that the Democrats were every bit as responsible for the financial crisis we had as Bush was. Obama claims he inherited a mess but the reality is one cannot inherit what one helped create. In our country the President cannot spend a dime without approval from the Congress and every dime that Bush spent in 2007-2008 was approved by a Democrat Congress

Now Bush and the Congress did spend to much but IMO the alternative would have been much worse. We had a choice of Al Gore in 2000 and John Kerry in 2004. I believe the American people chose wisely. TARP, the Toxic Asset Relief Program, was the bank bailout program that was created by Bush's Treasury Secretary and passed. That is the program that some say saved the banks. It cost 700 billion dollars of which Bush spent 350 billion and left 350 billion for Obama to spend. Most of that money was repaid in 2009 but wasn't used to pay down the deficit and no one has asked the question why?

In the U.S. the fiscal year of the U.S. runs from October 1 to September 30 meaning that Bush was in office from October 1, 2008 to January 21, 2009. Obama claimed he inherited a 1.3 trillion dollar deficit. Deficits are yearly and as anyone can see there is no way that Bush created a 1.3 trillion deficit from Oct. 1, 2008 to January 21, 2009 so that was a blatant lie one of his many. There isn't an economic prediction Obama has made that is accurate yet people continue to believe his rhetoric.

I guess we can conclude that both parties have their share of blame for the economic troubles of these days. Certainly, the Democrats are not a shining example, but neither are the Republicans. And now, with a Democratic administration and a Republican House, it's up to both of them to find solutions together. I really hope they are ready for that, instead of blocking each other, for that nothing gets done. The Republicans should be aware of their responsibility: When they deny cooperation now, that may help them to win in 2012, but it would be bad for the country. But the problems are too grave to place partisan interests above the country.

I agree with you that this country will make it with or without Obama. We have a great history and some great people. I am glad to hear that Germany is doing well. My Father in Law was one of those that marched into Germany in WWII. He is 90 years old today.

Please tell him all my best wishes, greetings from Germany, and that I am really fond of what he did for my country! Thanks to him and his friends, I can now peacefully chat with you, instead of being forced in the army, into slave labor building grenades, or serve as cannon fodder to murder innocent people.
 
I cannot detect one iota of bias in this comment.

Do you mean bias, or opinion? There is a difference. It's bias when people claim to report objective truth, but distort or ignore crucial facts. But when someone just states what he believes, that's an opinion, and perfectly legitimate -- in that case, it can either be a well founded, or unfounded opinion. And you can disagree, and are supposed to explain why you disagree, and pointing to the facts you think your opponent is missing or misinterpreting.

So what do you think is wrong in that posting, and why, and which parts do you maybe even agree with?
 
since you are such an expert what exactly did Bush do with a Democrat controlled Congress to create this economic mess? We don't elect a king here and funny, the actual economic results don't show a disaster until Democrats took control of Congress. I guess it is easy loving Obama policies living thousands of miles across the sea. My bet is you really are jealous over what we have here and like Obama really don't like American exceptionalism.

I keep telling you it was Wall Street, the big lending institutions that caused the economic mess:

1. The repeal of Glass-Steagall

2. Off-the-books accounting for banks

3. CFTC blocked from regulating derivatives

4. Formal financial derivative deregulation: the Commodities Futures Modernization Act

5. SEC removes capital limits on investment banks and the voluntary regulation regime

6. Basel II weakening of capital reserve requirements for banks

7. No predatory lending enforcement

8. Federal preemption of state enforcement against predatory lending

9. Blocking the courthouse doors: Assignee Liability Escape

10. Fannie and Freddie enter subprime

11. Merger mania

12. Credit rating agency failure

Robert Weissman: Wall Street's Best Investment II: 12 Deregulatory Steps to Financial Meltdown
 
pbrauer

One point to make, Basel II wasn't necessary weakened as it did not account for a variety of "assets" (and I use that term loosely) and liabilities that had arisen. The banks that went bust and almost went bust were in accordance with Basel II. The problem was that Basel II didn't deal with many of the "assets" and liabilities that caused them to go belly up. That said, Basel II was always meant to be improved.
 
Yep, indeed, I feel gratefulness towards America, for liberating us from Nazism, defending us from communism and allowing us to reunite in peace. America was a great role model, and they allowed us to build a new Germany on the ruins of the old, a free, democratic and republican one. I love American pop culture, American music and movies are just great.

But still, we are different on some fields, and I am glad we are. We have learnt a lot from America, but we have a unique culture too we can be proud of. I believe Germany has proven that nobody has to be afraid of us anymore. So I hope that we can continue to learn from each other, as friends, while at the same time respect our differences.

I think it's worth pointing out that the English led the fight for 3 years on their own so I think the Brits deserve the most credit.I'm not a great lover of the british given their history in Ireland but credit must be given to the British in WW2.
I wonder what would have happen if the Japs didn't bomb pearl harbour?
 
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You really swallow the party line hook line and sinker, what do you mean personal freedom and lower taxes.What if you don't have a job, what then, what taxes what healthcare, what freedom, you'r just an idiot.How is the American dream, are you a millionaire yet?What about that pension,if you have one .

Having common sense is not "swallowing the party line". What I don't swallow is the womb to the tomb control of the progressives (both Democrat & Republican). I know that my taxes will go up next year if the Bush tax cuts are not extended. I only get my pension from the Post Office and I work parttime at McDonald's. Obama Care will make it harder for businesses to remain in business. I could lose my job because of Obama Care. Politically I affiliate with the New York State Conservative Party.
 
You do realize the catastrophic debt that Bush accumulated during his 8 years, don't you? Bush doubled our debt. I'll even give Bush ownership for some of Obama's debt problem over the last two years. It's impossible to stop an avalanche.

Let's try to have some kind of honesty in our posts, shall we? I'll blame Obama for what's Obama's but you're statement is ridiculous.

President Obama has caused the debt to be higher than all previous presidents combined. President Bush debt is just a drop in the bucket by comparison.
 
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