Newtown residents reject town budget

[BaBamSam 239]

with school security already existing in more than 35% of all national districts, and a federal program to pay for it in place since klinton, how can these rich people think that the safety of their children is not worth 5% more than what they paid last year? oh, that's right, the rest of the world needs to change for them, so they can go on living the high life unencumbered. hypocrisy at it's finest.

Unless they can't justify how the proposed safety plan is worth what the increase would be. Perhaps they want a different safety plan proposed.

At the end of the day it's their town, their budget, and their tax money.

[Teddy B 17,252]

You said yours was as proof. That's why I said it was like when people use the weather where they live as a scale for the the global climate. Not saying your assumption was wrong, just bad evidence I guess.

As for the point? Well, I think things are getting better. Unemployment creeps up and down but seems to be trending down for the time being. You'll see here that its still higher than it was 5 years ago:

http://data.bls.gov/pdq/SurveyOutputServlet

Dow is better for sure than it was 5 years ago

http://money.cnn.com/data/markets/dow/

I don't know that this means any administration is 100% to blame/thank for up/down turns in the economy. I think these guys are along for the ride in some instances even if they have economic tools at their discretion. I mean if foreign economies have a direct impact on ours what can any administration do to counter a negative effect from an unstable Europe? I guess diplomacy could make some impact, but not enough to claim 100% success or failure.

As proof of what, that I am better off than I was 5 years ago? Well yes I am, and so is the country as whole. I think you missed the jist of the conversation, which was the usual Obama bashing by the usual suspects. You see, when it comes to the economy, Bush gets a free ride around here by the Repubs, but Obama gets slammed no matter what happens.

I personally am doing better than I was 5 years ago, and so is the country as a whole. I think the Obama admin has done a good job in holding the country steady when it was at it's worst and is now making a slow but steady comeback. However the ususal suspects will blame Obama because for them, it's too slow of a come back.

[Mr. Big Dog 10,747]

So as a whole, the country is not better off than it was 5 years ago? Unemployment is not down, the stock market is not up, and the real estate market is not coming back?

No, no, no, and no.

[Mr. Big Dog 10,747]

When this administration took over, the unemployment rate stood at 7.8% and rising fast. It had jumped to 8.3% just the following month (Feb 2009). It now stands at 7.6% and falling. 7.6% < 7.8%.

When this administration took over, the DJIA stood at 8,279. Today, it stands at 14,741. Not only is 14,741 > 8,279 but it is also a gain of almost 80% in 50 months.

But hey, that Obama is crashing the economy for sure.

[Karee 4,191]

When this administration took over, the DJIA stood at 8,279. Today, it stands at 14,741. Not only is 14,741 > 8,279 but it is also a gain of almost 80% in 50 months.

See, Obama's a shill for the Wall Street bunch more than any Republican could ever dream. Only 54% of Americans have investments in the stock market. Obama doesn't care about the other 46%. Then he runs around claiming to represent all Americans. My a$$!!

Edited April 25, 2013 by Karee

[Mr. Big Dog 10,747]

See, Obama's a shill for the Wall Street bunch more than any Republican could ever dream. Only 54% of Americans have investments in the stock market. Obama doesn't care about the other 46%.

But Obama's oppnents uniformly subscribe to the idea that it'll trickle down. So what is their case, then? That they're lying when they say it'll trickle down? Or that they're lying when they say the economy is in bad shape? Which is it?

[Teddy B 17,252]

No, no, no, and no.

When this administration took over, the unemployment rate stood at 7.8% and rising fast. It had jumped to 8.3% just the following month (Feb 2009). It now stands at 7.6% and falling. 7.6% < 7.8%.

When this administration took over, the DJIA stood at 8,279. Today, it stands at 14,741. Not only is 14,741 > 8,279 but it is also a gain of almost 80% in 50 months.

But hey, that Obama is crashing the economy for sure.

Thank you, I stand corrected.

[Darnell 8,479]

I'm better off now than I was 5 years ago. How bout you?

yup, massively better off, compared to 5 years ago. I note my then-plans took advantage of foreclosed housing and tax auctions, on the real-estate portfolio, and my main line of business grew because we grew it with more customers and faster turn-over, and my then-plan of shorting stocks has done swimmingly well.

All n all, I am making money due to Obama's failures. I feel like a looter, really. Sure, I have 'brought-along' folksen with me, paying wages and salaries , giving Uncle Sugar some tax monies as well, but I think mines is quite insular, is not indication of 'everybody is fine'.

Edited April 25, 2013 by Darnell

[Mr. Big Dog 10,747]

yup, massively better off, compared to 5 years ago. I note my then-plans took advantage of foreclosed housing and tax auctions, on the real-estate portfolio, and my main line of business grew because we grew it with more customers and faster turn-over, and my then-plan of shorting stocks has done swimmingly well.

All n all, I am making money due to Obama's failures.

Yes, because Obama crashed the housing market years before he took office. And you got rich short selling stocks in this market? Dude, you get rich short selling when the market is heading down not when it goes up which is pretty much what it has been doing since Obama's in office. 80% since he took over. But yeah, you get rich on Obama's failures.

[Darnell 8,479]

Yup ! My plans not work for everyone, I sorta alluded to that, earlier.

Edited April 25, 2013 by Darnell

[Mr. Big Dog 10,747]

Yup ! My plans not work for everyone, I sorta alluded to that, earlier.

Yeah, short selling stock that one then has to cover at higher prices due to the up market and making money in the process surely doesn't work for everyone. In fact, it really works for no-one.

[Póg mo 1,749]

I don't think the stock market bares any real resemblance to the real economy. Last month fewer jobs were created and the stock market rallied on the expectation the fed would print more money, the month before the stock market rallied after more jobs were created than expected and the stock marktet anticipated more profits would be generated. The Fed is effectively removing risk for investors, by printing as much money as possible. Don't get me wrong, this is not Obama's doing, the same would happen if that other guy had one. Sorry, forgotten his name already

[Mr. Big Dog 10,747]

I don't think the stock market bares any real resemblance to the real economy. Last month fewer jobs were created and the stock market rallied on the expectation the fed would print more money, the month before the stock market rallied after more jobs were created than expected and the stock marktet anticipated more profits would be generated. The Fed is effectively removing risk for investors, by printing as much money as possible. Don't get me wrong, this is not Obama's doing, the same would happen if that other guy had one. Sorry, forgotten his name already

That's really the thing. There's so much money out there and it has literally nowhere to go. Now, if that money was in the hands of John and Jane Doe, there might be an actual recovery. Instead, all that money is with people that have way more than they could ever spend already. And so the stock market soars while the recovery drags along. Trickle down at work. Problem is, it ain't working.

[Teddy B 17,252]

yup, massively better off, compared to 5 years ago. I note my then-plans took advantage of foreclosed housing and tax auctions, on the real-estate portfolio, and my main line of business grew because we grew it with more customers and faster turn-over, and my then-plan of shorting stocks has done swimmingly well.

All n all, I am making money due to Obama's failures. I feel like a looter, really. Sure, I have 'brought-along' folksen with me, paying wages and salaries , giving Uncle Sugar some tax monies as well, but I think mines is quite insular, is not indication of 'everybody is fine'.

Right, so you took advantage of the housing crash that happened before Obama took office. You bought properties at dirt cheap prices when the market was at it's worst, and are now able to sell those properties at a good profit because the housing market has been making a comeback in the last few years. But this is an Obama failure how?

[Póg mo 1,749]

That's really the thing. There's so much money out there and it has literally nowhere to go. Now, if that money was in the hands of John and Jane Doe, there might be an actual recovery. Instead, all that money is with people that have way more than they could ever spend already. And so the stock market soars while the recovery drags along. Trickle down at work. Problem is, it ain't working.

Printing money to inflate away debts can be a good thing, but if no pressure is put on employers to raise pay to compensate for effectively devaluing the dollar, those at the bottom are in a way subsidizing the already hyper wealthy.