Virgin Galactic Crash

I guess Dave has never heard if Peter Lewis, Tom steyer, George soros,people from the Hyatt family, all of whom are billionaires who support the democrats. Dave is unaware that there are more millionaires in the Democratic Party than in the Republican Party. Who does he think are paying for those $30k Obama dinners.

How about the $80m spent by techers unions this election?

Would Markie like to let us know how many bills the GOP lead House sent to the Senate the past two years with no vote from Senate? Talk about Democrat and Dirty Harry obstructionism! I'm guessing that Markie didn't know that this has been going on.

Would Markie like to tell us how Obama will work in unity with the GOP lead Congress?

Also, would Markie tell us how accurate his prediction was for the GOP being drubbed by the Dems. Are you worried that your free shit is going away?

"My s&p 500 index fund has more than doubled since liberals took over"

What policy caused that? Or was it due to the Fed's zero percent interrest policy

C'mon man. You can't blame every bad thing on Obama but give him no credit for any good thing. I think 90% of what happens to the economy has no bearing on what the POTUS does. Are you thinking that 100% of the bad things are Obama's fault and 0% of the good things are all due to something else or in spite of Obama?

Let's get back to what marcisdave claimed would happen in the election Tuesday. No wonder the idiot's hurting.

HAHAHAHAHAHAHAHAHAHAHAHA!!!!!!

"C'mon man. You can't blame every bad thing on Obama but give him no credit for any good thing. I think 90% of what happens to the economy has no bearing on what the POTUS does. Are you thinking that 100% of the bad things are Obama's fault and 0% of the good things are all due to something else or in spite of Obama? "

I was responding to PJ who claimed that the economy is doing well due to obama.

We do know since he became president

1) He is the only president in the last 60+ years not to have a GDP increase of 3+% in any single year
2) The highest average unemployment since Roosevelt
3) The lowest adult participation rate in 60 years
4) Record number of people on food stamps
5) Decrease in household income from 56,290 in 2008 to 52,250 in 2013

Thanks for asking!

There were lots of policies that aided the recovery...and they were in direct opposition to what Hoops was prescribing at the time:

- First lets address the FED policy that Republicans, libertarians, and our resident conservatives all screamed about on the basis of it causing runaway inflation that has never manifested itself. Truly Embarrassing for our resident conservatives....but great for America.

Now onto the president's stuff

- The auto bailout that directly saved 100's of thousands of jobs and indirectly saved 100' of thousands more...and stopped our auto industry from being outsourced to Japan. Thanks Obama!
- Then there were several trade restrictions slapped on China that stopped them from dumping their subsidized goods on US soil. On behalf of every Good Year tire worker in Akron Ohio - Thanks Obama !
- Then There was the bank bailout that Hoops kicked and screamed about...but ultimately all that money was paid back and it stopped thousands of companies from going bankrupt that needed those banks for their payroll....and allowed millions of homeowners to refinance their mortgages at a massive cost savings. Thanks Obama!
- Then there was the stimulus program that hoops said didn't create a single job....but the CBO estimates over 3 million and many more downstream. And we've had the longest string of uninterrupted job growth in history since the day it was implemented. I'd like to thank Repuiblicans - but wait, not one of them voted for it! Thanks again, Obama!
- That same stimulus program created the largest middle class tax cut in US history that every working person saw in their paychecks while it was in effect. Tax cutting Republicans didn't vote for it...they did vote to end it. Thanks Democrats !
- Then there was a myriad of energy investments/no-intererst loans/ and tax cuts given to a myriad of energy companies from green, to gas, and nuclear companies.
- Then the president opened up more coastal areas for deep sea drilling than his oil-champion predecessor.
- and last but not least was the "job killing healthcare law" that has done anything but. 10's of thousands of new jobs have been created in all the states to manage the exchanges....and 20 million new people with health insurance has increased the bottom lines of all the healthcare companies. Pull up a 5 year chart of any of them on Yahoo Finance to see for yourself.

And here's the best part. Democrats get 100% of the credit because while they were legislating the country out of the biggest recession since 1932 their opponents top priority was looking for the presidents birth certificate and trying to blame Hilary Clinton for a terrorist attack in Bengazhi.

Anything else I can help with?

In the span of 2 posts Hoops goes from acknowledging the recovery and giving credit to the FED....to denying the recovery. Hoops should get his own narrative straight before weighing in. It makes his posts less laughable.

Then Hoops demands I list policies that Democrats aided the economy with. I did. Hoops then lists a myriad of complaints (like Food Stamps)without listing the Democrat policies that caused those. Equally laughable.

I hope Hoops is better at basketball then he is at debating politics.

As usual PJ has trouble reading. He said obama's policies & economic recovery
caused the stock market to increase. I said the Fed's low interest rate policy is the key contributor. When the banks are paying near zero, people look to other vehicles; in this case stocks.

PJ listed a number of things but many of them were wrong, such as claiming obama opened up offshore drilling which he quickly cancelled.

PJ continues to brag about the obama recovery and I countered that it can't be much of a recovery, with declining household income, growth in food stamps, low adult labor participation rates etc.