Comments on: 15 Reasons Why Barack Obama’s Declaration That “A Second Depression Is No Longer A Possibility” Is Dead Wrong http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong Are You Prepared For The Coming Economic Collapse And The Next Great Depression? Tue, 22 May 2012 02:35:37 +0000 hourly 1 By: Allan http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1608 Allan Wed, 17 Mar 2010 18:21:03 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1608 Obama is talking the markets up. He knows the game is over for the US Economy, and he is trying to overt disaster by talking positive. It's all about the perception of confidence. Can you imagine what would happen to the DOW Jones, S&P 500, FTSE etc if he came out with the truth and said: "Sorry people I'm afraid it's all over! We are indeed 'doomed' in an economic sense as Marc Faber has correctly prophecised". The World Economy is dead in the water and it's only a matter of time before the crash. I'm just biding my time to sell the markets short once the bulls finally run out of steam. Obama is talking the markets up. He knows the game is over for the US Economy, and he is trying to overt disaster by talking positive. It’s all about the perception of confidence. Can you imagine what would happen to the DOW Jones, S&P 500, FTSE etc if he came out with the truth and said: “Sorry people I’m afraid it’s all over! We are indeed ‘doomed’ in an economic sense as Marc Faber has correctly prophecised”. The World Economy is dead in the water and it’s only a matter of time before the crash. I’m just biding my time to sell the markets short once the bulls finally run out of steam.

]]> By: Michael Laskey http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1597 Michael Laskey Wed, 17 Mar 2010 11:06:03 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1597 Come on armchair warriors or is it Chicken Littles of the world !! Sounds like everyone has conceded to bury your heads and wait for impact. Possibly... offer some tangible solutions rather than simply finding problems? Your answer? Less government? Sure. While you are at it, why not add to the mix less unbalanced (lazy) journalism? Apparently, the two pillars of our country... capitalism and freedom of speech have apparently been using steroids and we've lost our male parts in the process. Come on armchair warriors or is it Chicken Littles of the world !!

Sounds like everyone has conceded to bury your heads and wait for impact. Possibly… offer some tangible solutions rather than simply finding problems?

Your answer? Less government? Sure. While you are at it, why not add to the mix less unbalanced (lazy) journalism?

Apparently, the two pillars of our country… capitalism and freedom of speech have apparently been using steroids and we’ve lost our male parts in the process.

]]> By: cheryl http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1211 cheryl Thu, 04 Mar 2010 16:14:34 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1211 Obama is a con artist criminal, one of "them" the American people have allowed themselves to be deceived. Ever been conned by a slick car salesman when you wanted that slightly used yet expensive car at a 21% interest rate? Obama isn't even a natural born citizen. He's not a real American and is for wall street. 27 trillion were given to bankers by we the tax payers. Our country has crumbled from within, the foreigners are here - 30 million illegal immigrants have been allowed to enter America and the middle class is paying for them with our taxes. They are given special privileges and not prosecuted for DUI's, etc. Our gov't has been taken over by the New World Order Banking cartel and that's why this has happened. The politicians already saw the writing on the wall and like Judas, have betrayed the American people many of whom are brainwashed and asleep at the wheel due to television programming. Obama is a con artist criminal, one of “them” the American people have allowed themselves to be deceived. Ever been conned by a slick car salesman when you wanted that slightly used yet expensive car at a 21% interest rate? Obama isn’t even a natural born citizen. He’s not a real American and is for wall street. 27 trillion were given to bankers by we the tax payers. Our country has crumbled from within, the foreigners are here – 30 million illegal immigrants have been allowed to enter America and the middle class is paying for them with our taxes. They are given special privileges and not prosecuted for DUI’s, etc. Our gov’t has been taken over by the New World Order Banking cartel and that’s why this has happened. The politicians already saw the writing on the wall and like Judas, have betrayed the American people many of whom are brainwashed and asleep at the wheel due to television programming.

]]> By: galtgulch http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1122 galtgulch Sat, 27 Feb 2010 11:29:45 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1122 He is engaged in wishful thinking like a true tyrant. His idea of a solution is for the government to take over as in fascism/socialism. He has a profound aversion to individual enterprise and freedom and he demonstrates an ignorance of how a marketplace operates without government intervention. For a supposed Constitutional scholar one wonders where he finds constitutional authorization for all his interventionist plans? Appears to be more of a Hamiltonian statist/monarchist than a Jeffersonian individualistically oriented advocate of a limited government. www.campaignforliberty.com 228,377 and growing to restore the Constitutional republic by replacing politicians who fail to keep their oath to preserve the Constitution with those who have read it, understand it and will keep the oath. Read Atlas Shrugged and Capitalism: The Unknown Ideal www.atlassociety.com www.mises.org www.fff.org Join with us and pass the torch. Read Ron Paul's The Revolution: A Manifesto and End The Fed He is engaged in wishful thinking like a true tyrant. His idea of a solution is for the government to take over as in fascism/socialism. He has a profound aversion to individual enterprise and freedom and he demonstrates an ignorance of how a marketplace operates without government intervention. For a supposed Constitutional scholar one wonders where he finds constitutional authorization for all his interventionist plans? Appears to be more of a Hamiltonian statist/monarchist than a Jeffersonian individualistically oriented advocate of a limited government.

http://www.campaignforliberty.com 228,377 and growing to restore the Constitutional republic by replacing politicians who fail to keep their oath to preserve the Constitution with those who have read it, understand it and will keep the oath.

Read Atlas Shrugged and Capitalism: The Unknown Ideal

http://www.atlassociety.com
http://www.mises.org
http://www.fff.org

Join with us and pass the torch.
Read Ron Paul’s The Revolution: A Manifesto and End The Fed

]]> By: Robin http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1117 Robin Fri, 26 Feb 2010 16:26:01 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1117 The biggest issue is the method of measuring the economy. The GDP only looks at spending. Debt is not a negative figure. The more spending the better. If you borrow to do the spending, it can actually make the GDP figures better. Some states have relized this and are now changing their method of measuring their economies. 'Main Street' economic conditions misread by GDP http://www.physorg.com/news185733405.html It is time for the citizens to stand up and get the governments to actually measure the well being of the country with real figures. Also, don't forget that the present governments around the world are helping keep the rich, rich. They have changed the rules enough to give the rich more tax breaks. Trickle down tax breaks have not helped those on the bottom of the stack. It is time for bottom up tax breaks. The biggest issue is the method of measuring the economy. The GDP only looks at spending. Debt is not a negative figure. The more spending the better. If you borrow to do the spending, it can actually make the GDP figures better.

Some states have relized this and are now changing their method of measuring their economies.

‘Main Street’ economic conditions misread by GDP
http://www.physorg.com/news185733405.html

It is time for the citizens to stand up and get the governments to actually measure the well being of the country with real figures.

Also, don’t forget that the present governments around the world are helping keep the rich, rich. They have changed the rules enough to give the rich more tax breaks.

Trickle down tax breaks have not helped those on the bottom of the stack. It is time for bottom up tax breaks.

]]> By: Steven Ramirez http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1093 Steven Ramirez Thu, 25 Feb 2010 18:14:56 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1093 This is a helpful post for an overview of current challenges and problems. But, the over the top pessimism seems as unwarranted as the Dow's implied optimism. The truth as always is in the middle. Current conditions are grim but not as bad as 1933, by a long shot. We survived that and emerged stronger--that can happen again. The key is to impose discipline on our leaders in a coherent fashion. A long steady decline in American living standards is far more likely than a total economic collapse. But none of this is written in stone. We just need to replicate the basic policies of 1945 thru 1995, when we enjoyed five decades of unsurpassed growth and stability. Sound financial regulation and human capital development can save us again. This is a helpful post for an overview of current challenges and problems.

But, the over the top pessimism seems as unwarranted as the Dow’s implied optimism. The truth as always is in the middle.

Current conditions are grim but not as bad as 1933, by a long shot.

We survived that and emerged stronger–that can happen again.

The key is to impose discipline on our leaders in a coherent fashion.

A long steady decline in American living standards is far more likely than a total economic collapse.

But none of this is written in stone. We just need to replicate the basic policies of 1945 thru 1995, when we enjoyed five decades of unsurpassed growth and stability. Sound financial regulation and human capital development can save us again.

]]> By: Camp http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1089 Camp Thu, 25 Feb 2010 12:59:46 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1089 Anyone who can make such a statement, even if things did look better than it currently does, is destine for failure. Unfortunately I have a feeling were all in for a good dose of humility. Anyone who can make such a statement, even if things did look better than it currently does, is destine for failure. Unfortunately I have a feeling were all in for a good dose of humility.

]]> By: Concerned Reader http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1087 Concerned Reader Thu, 25 Feb 2010 03:36:29 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1087 I can not help but say that we could enter another Great Depression, possibly even a global economic collapse. I pray that it does not happen, but it seems like we are in for a ruff road of hoe. I would advise everyone to start making some kind of plans in case something was to occur. it is startling to see so many guns and ammo being bought up at record paces. Malitia groupd are on the rise and there is a growing sentiment that the economy is going to get much worse and it possibly will get worse. In my home town of Louisville, KY I have seen entire neighborhoods filled with vacant homes and buildinds. Ply wood covering the doors and windows with the dwellings address painted on the surface. I can not help but say that we could enter another Great Depression, possibly even a global economic collapse. I pray that it does not happen, but it seems like we are in for a ruff road of hoe. I would advise everyone to start making some kind of plans in case something was to occur.

it is startling to see so many guns and ammo being bought up at record paces. Malitia groupd are on the rise and there is a growing sentiment that the economy is going to get much worse and it possibly will get worse.

In my home town of Louisville, KY I have seen entire neighborhoods filled with vacant homes and buildinds. Ply wood covering the doors and windows with the dwellings address painted on the surface.

]]> By: dave http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1084 dave Thu, 25 Feb 2010 00:28:56 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1084 they did it in the the thirties....they do it again...since the time of the pharaohs and the invention of papyrus. they did it in the the thirties….they do it again…since the time of the pharaohs and the invention of papyrus.

]]> By: Claude http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1082 Claude Wed, 24 Feb 2010 21:45:45 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1082 The current system should implode. Better to start from scratch then rebuild a faulty system. Yes the end of this capitalistic system is coming to an end....and Obama knows it...is anticipating it and will carry it through as instructed by his masters. Yes masters!!!! Ever wonder why nothing has been done to help the middle class for the last 30 years? Two heads ONE SNAKE!!!!! The current system should implode. Better to start from scratch then rebuild a faulty system. Yes the end of this capitalistic system is coming to an end….and Obama knows it…is anticipating it and will carry it through as instructed by his masters. Yes masters!!!!

Ever wonder why nothing has been done to help the middle class for the last 30 years?

Two heads ONE SNAKE!!!!!

]]> By: Freedom Street http://theeconomiccollapseblog.com/archives/15-reasons-why-barack-obamas-declaration-that-a-second-depression-is-no-longer-a-possibility-is-dead-wrong/comment-page-1#comment-1079 Freedom Street Wed, 24 Feb 2010 20:54:57 +0000 http://theeconomiccollapseblog.com/?p=227#comment-1079 Let's not forget that the FDIC is over $20.9 billion in the hole. Let’s not forget that the FDIC is over $20.9 billion in the hole.

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