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America's Economy in Accelerated Death Spiral Thanks to Obama- and McNerney-nomics...

Original post made by WeNeedReagan on Aug 4, 2011

Dow now down over 500 at this point.

Obama is cheering over this.

Yet he states that he has a long way to go to completely change this country. There are still some private sector companies still breathing, tho huffing and puffing, and some are on life-support.

Obama and McNerney need another term to completely stamp out the private sector.

BTW: I'd be interested to hear the Editor of the Pleasanton Weekly's reaction to our economy, given that he/this paper has been such proponents of Obama, McNerney and all other anti-private sector Democrats.

Comments (14)

Posted by Leland, a resident of Ruby Hill
on Aug 4, 2011 at 1:50 pm

The thought of returning to Reaganomics warms my heart. When my Daddy passed away and left me some of his hundreds of millions, I was scared to death that I'd lose it. But I haven't. Since Reagan and his trickle down, deregulatory policies, my income and others of the top 1% of wealthy has increased over 270%. And the middle-class suckers? Well over the past 40 years, their income has flatlined at 0% increase. What's not to like about that?

Posted by Charlette, a resident of Downtown
on Aug 4, 2011 at 2:02 pm

Yep, ain't that jus' like the Obama haters. They bite their tongues when the market accelerates at a steady clip for two years under his presidency. "Hey," they mutter, "the Dow going up don't have nothin' ta do wit the pres'dent." But let the Dow tank for a day, and all the haters try to start a parade of blame. Little bit transparent, this racist hatred, don't ya think?

Posted by WeNeedReagan, a resident of Amador Estates
on Aug 4, 2011 at 2:26 pm

Leland, while I am truly happy for your wealth, I am not surprised that you state trust you're a trust fund kid. (Kind of like Ted Kennedy...tho I presume you are affiliated with a different political party.) Your understanding of economics needs some improvement. Trickle down economics of Reagan does work. In a capitalist society people cannot easily be labelled into a class system (classes are a marxist term). People can move rapidly between income levels in a capitalist system and labels like low, middle and wealthy simply don't necessarily apply to the same person over a period of time.

For example, when Reagan took office, I was an extremely low income earner. Since then I've had high, middle and now I am back to low income. But I do not consider myself within a particular class.

It is to the Congressional Democrats' advantage to broaden the number of people on welfare to increase their dependence and increase the likelihood that there will be a sizable number of dependents voting for the Democrats.

If I am wrong in my assessment of you Leland, then I apologize. I do want you to maintain and even increase your wealth despite the Democrats best effort to spread it around (primarily TO government and unions) better than you could yourself.

Posted by Leland wants you homeowner equity, a resident of Another Pleasanton neighborhood
on Aug 4, 2011 at 3:20 pm

"If I am wrong in my assessment of you Leland, then I apologize. I do want you to maintain and even increase your wealth despite the Democrats best effort to spread it around (primarily TO government and unions) better than you could yourself."

Leland/Blossom fully supports Obama/Biden because he is a public employee union member that thinks everybody else works for Google. That's how he justifies the ridiculous pensions and health care benefits that Pleasanton can't afford, the wages that are above private sector wages even with iron-clad job security that protects the slackers, 15 paid holidays, 4 weeks vacation, 120 hours of sick leave, cash out of unused sick leave when everyone else is "use it or loose it", can purchase five years of pension credit at 75% of the actual cost, receives medical benefits, both while working and during retirement, that cost more than anybody in the private sector receives - with little if any deductible, and 25% more covered benefits.

He can also collectively bargain with his own boss that will probably receive the same raise, or even the same increased pension formula - the bigger the better for all of them. If it takes increased taxes to pay for it all - oh well, it's a net gain for the public employees and the public employee bosses they negotiate with. Don't worry about council members getting in the way - the unions own the democrats that approve the contracts.

Joan Buchanan was on tri-valley TV over the past weekend (I think the episode was filmed in April, when a union member asked her what she thought about getting rid of prop 13. Public employee unions/members like to deny they want prop 13 eliminated, claiming they pay taxes too. While that's true, they look at the repeal of prop 13 as a way of increasing the revenue that pays their salary. They would be happy to pay more property taxes because, and only because, it would be a net gain on their paychecks and an additional source of untapped revenue that could be accessed to cover their massive unfunded pension and retiree medical benefits.

Posted by Independent, a resident of Another Pleasanton neighborhood
on Aug 4, 2011 at 3:23 pm

Charlette - You are really doing a diservice to the true situations of racism by over-using the race card in situations where it is not relevant IMHO. From my perspective, both Bush's policies and Obama's policies have been incorrect and have aggravated the situation. Does this make me a racist for believing this? I don't think so. In fact, I know so this is not the case.

Posted by Leland, a resident of Ruby Hill
on Aug 4, 2011 at 4:52 pm

I like to joke with my wealthy peers about what Reagan's tickle down economics has meant for us. Over the past 4 decades our 270+% increase in wealth can be compared to a class of big beer drinkers: we guzzle and guzzle our Sapporos and Tsing Taos, and then when we step outside to relieve ourselves, the middle class suckers get to drink up what we've allowed to trickle down.

Posted by Charette, a resident of Ruby Hill
on Aug 4, 2011 at 5:01 pm

Independent, beyond an inability to keep your name straight,I don't know what you're talking about. I like graham crackers and ice cream. Does that make me a racist? I don't know, but I'm thinking idiot might be a pretty accurate term.

Posted by Pinky, a resident of Del Prado
on Aug 4, 2011 at 6:21 pm

Nobody pays attention to the racist thing anymore....yada yada yada. Besides Obama is the worst President in the history of the US and no one not even Jimmy Carter was this bad. Just inept.

Posted by Charlette, a resident of Downtown
on Aug 4, 2011 at 6:52 pm

Ah ha, seems I have a namesake shadow in Ruby Hill. Who would have figured that?!?

Well, @"pinky", I guess it's probably not too much of a stretch to assume that pinky refers to the color of your skin? Must be rough going through society with a pig-mentation like that, eh? It must have demanded a lot of you to abandon that 'racist thing' yes?

Posted by steve, a resident of Parkside
on Aug 5, 2011 at 9:23 am

charleette-ton: Would it be racist to call you intellectually lazy? OK, well, so be it. If you and your people could put two sentences together to explain why obama is so great (despite all the evidence to the contrary) then your posts might be worth a read. As it stands, you can't formulate a short list of any positive accomplishments of this administration, so you resort to the last stand of the intellectually challenged, victim class: play the race card. Heck, I think obamas half white side is responsible for all of our debt, increase in the deficit, unemployment, etc. Instead of playing the race card, you should stick to playing the joker.

Posted by Patriot, a resident of Another Pleasanton neighborhood
on Aug 5, 2011 at 9:44 am

To "WeNeedReagan",

Open your mind. Times have changed. Until we end this unholy alliance between the financial sector and the government that institutionalizes "too big to fail" and is supported by Democrats and Republicans alike, none of the rest of this will matter. Our current economic problems are caused by too big to fail combined with an unregulated commodities market. Big spending, high taxes, and regulation aren't what got us into our current mess, and they aren't causing are current problems. We have bigger problems now. The casino banks and insurance companies like Goldman, Citi, AIG, and Fannie Mae continue to bet irresponsibly with money backed by our taxes. Fixing this is job one. Obama, Bush, Romney, Boehner, Pelosi, and even Palin are all part of the problem.

Posted by Charlette, a resident of Downtown
on Aug 5, 2011 at 10:31 am

@"If you and your people could put two sentences together...."

@"I think obamas half white side is responsible for all of our debt, increase in the deficit, unemployment, etc."

Hard to imagine, that some posters will even claim they walk on two legs.

Posted by Bob, a resident of Happy Valley
on Aug 5, 2011 at 10:40 am

I got laid off recently. I'm white, male, and native born. I'm poorly educated and cant write worth a lick. Don't have any skills, but I work harder than all the lazies from the entitlement groups I see around me. (All my former employerrs have said so before they layed me off.) So, y'all, bare with me while I project all my anger, low self esteem, and racist sentament onto your half-white president. Obama is the devil, or half devil, and its' his fault I'm where I'm at today.

Posted by Cholo, a resident of Livermore
on Aug 11, 2011 at 9:20 pm

reagan...waaaaaaaaaaaaay late...he's been eaten by the worms...

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