Obama or Romney? When It Comes to the Economy, It Doesn’t MatterSubmitted by Doug Eberhardt on Fri, 09/07/2012 - 14:09
I love how facebook and other discussions are centered around politics during an election year. I get to sit back and ask questions of both the Republicans and the Democrats by challenging them on the real issues that plague America. What I find is that most really don't see the underlying big picture that will affect everyone moving forward. There are many reasons for this, stemming from media control to the plethera of entertainment shows that keep people's minds busy on pointless Hollywood happenings. Whatever happened to Paris Hilton anyway?
Here's a sampling of how prevalent these entertainment shows are:
E News, Access Hollywood, Entertainment Tonight; TMZ, Extra, The Soup, Fashion Police, Entertainment This Week, Dancing With the Stars, Keeping Up With the Kardashians, Ellen, The View, Live With Kelly, Leno, Letterman, Fallon, Kimmel, Ferguson....to name a few.
One could watch entertainment TV 24 hours a day it seems. But what will they have accomplished? Hollywood is just a distraction the media uses to keep your minds off of what the politicians are up to. How else could we let our debt grow so big? Pay no attention to the man behind the curtain!
Are You Better Off Than You Were 4 Years Ago?
Republicans only seem to have the jobs picture as their means to attack Obama based on what I heard on CNBC today from Paul Ryan and others. The Republicans may think they can attack the deficits, but under Bush, deficits rose to unprecedented levels. Obama has just compounded this.
If I give you a trillion dollars, are you better off than you were 4 years ago? How about $5.3 trillion? That's how much debt has been thrown at the economy the last 4 years, not counting the Fed's magical quantitative easing programs. Under Bush's presidency, a total of 8 years, the national debt went up $4.8 trillion. Can we stop blaming GW and put the blame on all who are elected to the Presidency and Congress?
They work for us yet take a part of what we earn and spend it foolishly. The more the debt rises, the more you pay. Just wait till interest rates start to creep higher. The economic models never account for higher interest in their projections of future spending.