Obama pulls ahead again

[gldstwmn]

Originally Posted by ajmccarrell

I quoted someone else, not you, unless you have two ID's.

Yes. You quoted BombaySapphire3. That is what I said.

[gldstwmn]

Originally Posted by BombaySapphire3

You have repeatedly told me and gldstwmn that you were not addressing us so butt out ..that is what I am referring to .Sheesh why do I feel like Alice in Wonderland when I am trying to reason with this guy!

No kidding. He's got a case of galloping Neocon TB- true believerism. He really believes this ****.

[gldstwmn]

Originally Posted by ajmccarrell

Uh no. I f you go back and look at my posting on the electorial college, I did not quote you.

The "electorial" college?

[BombaySapphire3]

Originally Posted by gldstwmn

No kidding. He's got a case of galloping Neocon TB- true believerism. He really believes this ****.

The really odd thing is he didn't even know what a neo-con was until I posted a definition of one over on that original McCain/ Palin thread .

[strandinthewind]

Originally Posted by gldstwmn

No kidding. He's got a case of galloping Neocon TB- true believerism. He really believes this ****.

Esp. when in application it has never worked - see huge deficits by Reagan and Bush I and W for good examples.

[strandinthewind]

Originally Posted by BombaySapphire3

The really odd thing is he didn't even know what a neo-con was until I posted a definition of one over on that original McCain/ Palin thread .

Not to mention he thought the R's were the ones that pushed to pass the 1964 Civil Rights bill and that the country had huge surpluses in the Great Depression. Any surpluses the govt. had (and it had one on 1929) quickly turned to deficits by 1931 and stayed there until well after WWII.

Moreover, he has suggested that going back to a situation where allowing the banks to fail so that only the strongest survive is a good thing. History demonstrates it is not, to wit (which all but mirrors todays depression) :

The Great Depression was not a sudden total collapse. The stock market turned upward in early 1930, returning to early 1929 levels by April, though still almost 30 percent below the peak of September 1929. Together, government and business actually spent more in the first half of 1930 than in the corresponding period of the previous year. But consumers, many of whom had suffered severe losses in the stock market the previous year, cut back their expenditures by ten percent, and a severe drought ravaged the agricultural heartland of the USA beginning in the northern summer of 1930.

In early 1930, credit was ample and available at low rates, but people were reluctant to add new debt by borrowing. By May 1930, auto sales had declined to below the levels of 1928. Prices in general began to decline, but wages held steady in 1930, then began to drop in 1931. Conditions were worst in farming areas, where commodity prices plunged, and in mining and logging areas, where unemployment was high and there were few other jobs. The decline in the American economy was the motor that pulled down most other countries at first, then internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, like the 1930 U.S. Smoot-Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade. By late in 1930, a steady decline set in which reached bottom by March 1933.

. . . .

Debt

Debt is seen as one of the causes of the Great Depression.

Macroeconomists including Ben Bernanke, the current chairman of the U.S. Federal Reserve Bank, have revived the debt-deflation view of the Great Depression originated by Arthur Cecil Pigou and Irving Fisher: in the 1920s, American consumers and businesses relied on cheap credit, the former to purchase consumer goods such as automobiles and furniture, and the latter for capital investment to increase production. This fueled strong short-term growth but created consumer and commercial debt. People and businesses who were deeply in debt when price deflation occurred or demand for their product decreased often risked default. Many drastically cut current spending to keep up time payments, thus lowering demand for new products. Businesses began to fail as construction work and factory orders plunged.

Massive layoffs occurred, resulting in unemployment rates of over 25%. (US) Banks which had financed this debt began to fail as debtors defaulted on debt and depositors became worried about their deposits and began massive withdrawals. Government guarantees and Federal Reserve banking regulations to prevent such panics were ineffective or not used. Bank failures led to the loss of billions of dollars in assets.

The debt became heavier, because prices and incomes fell by 20–50% but the debts remained at the same dollar amount. After the panic of 1929, and during the first 10 months of 1930, 744 US banks failed. (In all, 9,000 banks failed during the 1930s). By 1933, depositors had lost $140 billion in deposits.

Bank failures snowballed as desperate bankers called in loans which the borrowers did not have time or money to repay. With future profits looking poor, capital investment and construction slowed or completely ceased. In the face of bad loans and worsening future prospects, the surviving banks became even more conservative in their lending. Banks built up their capital reserves and made fewer loans, which intensified deflationary pressures. A vicious cycle developed and the downward spiral accelerated. This kind of self-aggravating process may have turned a 1930 recession into a 1933 great depression.

http://en.wikipedia.org/wiki/Great_Depression#Debt

[GoS]

On the original issue of the new poll all I have to say is that I have long said however close the media predicts this election to be, it will be a landslide for Obama. Just wait until the VP debates, Palin will repeat her five lines and Biden will chew her like moose jerky.

And on the argument here, I have found that many high-schoolers are more prepared to vote (Even those who can't) than many college grads. Besides, anyone who sides with and actively supports a Republican just because they are a Republican has other problems... I would't have a problem supporting a Republican if they stopped being hypocrites and lived what they said.

[strandinthewind]

Not to mention that I do not think the factors of the third party candidates are weighing in on these polls. Where do we see the questions actually asked?