OBAMA is he a failure? Or a success in world's leadership? ( Archived) (42)

Aug 13, 2015 3:54 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980
Yeats1980Yeats1980Galway, Ireland2 Threads 1 Polls 218 Posts
lindsyjones: Peter Ferrara of Forbes Magazine published this in 2013 and 24 months later, I don't see any change for progress for America and or the world.

Although I have to admit price on fuel is low.


Oil price has nothing to do with Obama.

lindsyjones: How many times has President Obama told us that he is “fighting for the middle class”? But real median family income has been in a continuous downward spiral since he became President, actually falling more since the recession ended in the summer of 2009 according to the National Bureau of Economic Research than during the recession. That has added up by now to the middle class losing a month’s pay a year under President Obama’s economic policies.


Just a narrative here with no context here. No discussion about how the economy was on a downward spiral on a trajectory similar to the Great Depression. No talk about the economic structure over the previous 30 years that to the biggest gaps in inequality arising since the start of the 1900's. Author is just creating a straw man.

lindsyjones: If President Obama is “fighting for the middle class,” why doesn’t he approve the Keystone Pipeline? Building and maintaining the pipeline would provide thousands of good paying jobs. So would refining and selling the oil and gas from the Gulf Coast refineries where the pipeline would deliver the Canadian crude. Moreover, that plentiful supply of low cost energy from a long time, reliable ally would support hundreds of thousands if not millions of additional good paying jobs in the American economy.


Arguing against the straw man. Thousands of jobs? Jobs have been growing at their fastest rate in the US since 1999. From a purely economic sense, the pipeline would be a malinvestment.

lindsyjones: Note: His policies on the Mid East war sucks, Immigration, ridiculous and the economy very weak.


You are listening to Trump to much here. If America has any problem with population, it is that it is no producing enough people.
US economy is actually very strong at the moment. All the data point to this. All available for free on The Saint Louis Fed site...check it up.
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Aug 13, 2015 4:05 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980: Oil price has nothing to do with Obama.
Just a narrative here with no context here. No discussion about how the economy was on a downward spiral on a trajectory similar to the Great Depression. No talk about the economic structure over the previous 30 years that to the biggest gaps in inequality arising since the start of the 1900's. Author is just creating a straw man.
Arguing against the straw man. Thousands of jobs? Jobs have been growing at their fastest rate in the US since 1999. From a purely economic sense, the pipeline would be a malinvestment.
You are listening to Trump to much here. If America has any problem with population, it is that it is no producing enough people.
US economy is actually very strong at the moment. All the data point to this. All available for free on The Saint Louis Fed site...check it up.


You don't make quite a point on the investment side of the Pipeline. It is more of cutting cost from having all the refineries directly done in a territory that cut costs. It is already a profit just by approving it.
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Aug 13, 2015 4:07 PM CST OBAMA is he a failure? Or a success in world's leadership?
lindsyjones: You don't make quite a point on the investment side of the Pipeline. It is more of cutting cost from having all the refineries directly done in a territory that cut costs. It is already a profit just by apprYou are listening to Trump to much here. If America has any problem with population, it is that it is no producing enough people.


US economy is actually very strong at the moment. All the data point to this. All available for free on The Saint Louis Fed site...check it up.oving it.


From a stand point of over population, the profitability of a country isn't based on what number generated per square miles. It is always on the strength based on the productivity of the people. In which case you have already read on the increase of welfare recipients and how it grew during his term.
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Aug 13, 2015 4:20 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980
Yeats1980Yeats1980Galway, Ireland2 Threads 1 Polls 218 Posts
lindsyjones: You don't make quite a point on the investment side of the Pipeline. It is more of cutting cost from having all the refineries directly done in a territory that cut costs. It is already a profit just by approving it.


It would a malinvestment. Oil is not an issue in the US until around 2025-2030, with current technology. You will find that the shale boom relates to light,sweet crude. No need for as much refining of dirty Saudi or Canadian Oil...there's your cost saving...
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Aug 13, 2015 4:23 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980
Yeats1980Yeats1980Galway, Ireland2 Threads 1 Polls 218 Posts
lindsyjones: From a stand point of over population, the profitability of a country isn't based on what number generated per square miles. It is always on the strength based on the productivity of the people. In which case you have already read on the increase of welfare recipients and how it grew during his term.


Labour is an essential factor in continued economic growth prospects for a country. So you are wrong on that point.
If you can make the labour more productive, that is also fantastic. But it doesn't mean that labour is not essential....
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Aug 13, 2015 4:24 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980: It would a malinvestment. Oil is not an issue in the US until around 2025-2030, with current technology. You will find that the shale boom relates to light,sweet crude. No need for as much refining of dirty Saudi or Canadian Oil...there's your cost saving...


In relation to the fact that all the policies incurred, rejected and or approved by his administration measure his failure and or success as a leader. AS far as I can see and read and think, he is a total failure.
Period.
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Aug 13, 2015 4:29 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980
Yeats1980Yeats1980Galway, Ireland2 Threads 1 Polls 218 Posts
lindsyjones: In relation to the fact that all the policies incurred, rejected and or approved by his administration measure his failure and or success as a leader. AS far as I can see and read and think, he is a total failure.
Period.


You are reading the wrong things so.
He actually has done quite a good job with the economy. I'm not a huge fan of his though due to his lack of knowledge on the trade deal he signed. Not good for inequality.
But I call a spade a spade without getting caught up in nonsense. From a neutral standpoint, he will leave the US economy in a super condition.
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Aug 13, 2015 11:42 PM CST OBAMA is he a failure? Or a success in world's leadership?
lindsyjones: How can you claim for a country to be selfish by producing and living off on their own? The problem is the deregulation of corporate offices to outsource all the jobs away from its original country just to beef up their coffers? America is not selfish in anyway shape or form by creating and building a formidable economic legacy. Nor can it be said to any country including yours.

China today can be claimed being selfish? Just because it produces all the goods to be consumed by the world?
Check this out, go to Woolworths, and even at Cole's and check their goods. Can good, like fish are imported from China for you to be consumed,
how pathetic is that? At least in my country, we don't have that product. We are limited to dry goods and not consumables other than the specific stores that caters to different cultures.

And it is our responsibility as citizens to work in order to sustain marketability of our talents and bring back profit generations for our country. A most abandoned policy of Obama.

and i'd respectfully suggest that you take a look out the window:

The U.S. Dollar Index (USDX) tracks the strength of the dollar against a basket of currencies. In recent years, the strength of the U.S. dollar has fallen against other currencies as a result of U.S. monetary policy.

FRIDAY 14 AUGUST 2015
A newer new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

To end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Brazil has shown interest in collaborating in non-dollar oil payments, along with India. Indeed, China appears to be the most enthusiastic of all the financial powers involved, not least because of its enormous trade with the Middle East.

Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.


How the Chinese Yuan Will Dethrone the U.S. Dollar

The "Red Dragon" is awakening and the Chinese yuan has taken another swing at the U.S. dollar's security as reserve currency.

The International Monetary Fund (IMF) has begun debating whether the Chinese yuan should be included in the IMF's Special Drawing Rights (SDR) basket of currencies, the Financial Times reported.

2014:

The Central Bank of Russia’s un-pegging of the ruble from the dollar and euro brings to an end two decades of exchange rate controls.

Friday 14 August 2015:

The dollar's 70-year dominance is coming to an end

Last week, seven decades on from Bretton Woods, the governments of Brazil, Russia, India and China led a conference in the Brazilian city of Fortaleza to mark the establishment of a new development bank that, whatever diplomatic niceties are put on it, is intent on competing with the IMF and World Bank.
It’s long been obvious the BRICs are coming. The total annual output of these four economies has spiralled in recent years, to an astonishing $29.6? trillion (£17.3?trillion) last year on a PPP-basis adjusted for living costs. That’s within spitting distance of the $34.2?trillion generated by the US and European Union combined.
America’s GDP, incidentally, was $16.8?trillion on World Bank numbers, and China’s was $16.2?trillion – within a whisker of knocking the US off its perch.
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Aug 13, 2015 11:43 PM CST OBAMA is he a failure? Or a success in world's leadership?
3/09/2014:

The Fed Is Not Printing Money, It's Doing Something Much Worse

Considering the Fed’s allocation of $4 trillion of credit borrowed from banks, the horror isn’t “money printing” that not’s occurring, rather it’s the Fed spending $4 trillion to prop up investment errors that, if allowed to reach their natural level, would force a reorientation of capital to higher, more economically enhancing uses. To be blunt, the fact that the Fed is paying interest on reserves means that it is explicitly robbing us of an economic recovery by virtue of it allocating capital to bad, economy-sapping ideas

So no, the Fed is not printing money. In fact, the Fed is doing much worse than that. In allocating $4 trillion borrowed from banks, it’s supporting the very government spending and housing consumption that got us into trouble to begin with. More to the point, the Fed is financing ongoing economic hardship through its expanded borrowing of bank reserves.
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Aug 14, 2015 6:25 AM CST OBAMA is he a failure? Or a success in world's leadership?
BRICS comprises China, Russia, Brazil, India and South Africa.
"The creation of AIIB will bring benefits to the BRICS countries because it will then help BRICS as well to develop and [will help] the partners of the BRICS member states as well," Oratmangun said.
The creation of the AIIB was a very good idea for the countries that would like to have better cooperation with BRICS, including Indonesia, he added.
The AIIB, an international financial institution proposed by China to invest in infrastructure projects in the Asia-Pacific region, was created in October 2014 and currently counts 57 founding members.


Ambassador of Indonesia to Russia Djauhari Oratmangun said that Indonesia is determined to expand strategic partnership with the BRICS


President Jacob Zuma says trade has increased by 70% between BRICS member countries over the past couple of years and that South Africa stands to benefit from the BRICS Development Bank.


then there is:

China, the world's second-largest economy, is also leading the setting up of another new multilateral lender, the Asian Infrastructure Infrastructure Bank (AIIB), which will be headquartered in Beijing.

China will be the biggest AIIB shareholder at about 30 percent, according to the legal framework signed late last month by 50 founding member countries.


As of now, AIIB has approved 57 countries as potential founding members. Apart from China, which will have a leading role, founding members include Bangladesh, Cambodia, India, Indonesia, Mongolia, Myanmar, Pakistan, Singapore and South Korea, as well as Australia, Brazil, France, Germany, Spain and the United Kingdom.

The Pakistani FM said recently that the China-proposed Asia Infrastructure Investment Bank (AIIB) has a great potential to lure bulks of infrastructure funding worldwide to benefit the whole Asia.

We welcome the AIIB to provide financing to countries which are in need of investments in their infrastructure,” Ahmed told Xinhua.

He pointed out that the IMF, which has 188 member states, and the AIIB follow different purposes albeit that both institutions provide loans.

“Unlike the AIIB, the IMF does not provide financing for infrastructure in East Asia and Central Asia and other parts of the world,” he said.


Obama in my opinion, has been doing his best particularly given the restraints pushed upon the democrats by republican power reinforced by there lackey's the tea-party, whom they give comfort to
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Aug 14, 2015 6:48 AM CST OBAMA is he a failure? Or a success in world's leadership?
the following sort of explains

The United States Govt cannot continue on five glaring fronts of gross violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time take steps toward the return of the Gold Standard. The violations are:

1) to import finished goods and crude commodities, paying with IOU coupons

2) to commit multi-$trillion bond fraud in its big banks, done without legal prosecution

3) to do QE bond purchases in applied hyper monetary inflation, monetizing debt

4) to rig all major financial markets in favor of the primal USDollar

5) to engage in numerous regional wars to support the USDollar.

scold
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Aug 14, 2015 8:31 AM CST OBAMA is he a failure? Or a success in world's leadership?
robplum: and i'd respectfully suggest that you take a look out the window:

The U.S. Dollar Index (USDX) tracks the strength of the dollar against a basket of currencies. In recent years, the strength of the U.S. dollar has fallen against other currencies as a result of U.S. monetary policy.

FRIDAY 14 AUGUST 2015
A newer new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading

To end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Brazil has shown interest in collaborating in non-dollar oil payments, along with India. Indeed, China appears to be the most enthusiastic of all the financial powers involved, not least because of its enormous trade with the Middle East.

Iran announced late last month that its foreign currency reserves would henceforth be held in euros rather than dollars.How the Chinese Yuan Will Dethrone the U.S. Dollar

The "Red Dragon" is awakening and the Chinese yuan has taken another swing at the U.S. dollar's security as reserve currency.

The International Monetary Fund (IMF) has begun debating whether the Chinese yuan should be included in the IMF's Special Drawing Rights (SDR) basket of currencies, the Financial Times reported.

2014:

The Central Bank of Russia’s un-pegging of the ruble from the dollar and euro brings to an end two decades of exchange rate controls.

Friday 14 August 2015:

The dollar's 70-year dominance is coming to an end

Last week, seven decades on from Bretton Woods, the governments of Brazil, Russia, India and China led a conference in the Brazilian city of Fortaleza to mark the establishment of a new development bank that, whatever diplomatic niceties are put on it, is intent on competing with the IMF and World Bank.
It’s long been obvious the BRICs are coming. The total annual output of these four economies has spiralled in recent years, to an astonishing $29.6? trillion (£17.3?trillion) last year on a PPP-basis adjusted for living costs. That’s within spitting distance of the $34.2?trillion generated by the US and European Union combined.
America’s GDP, incidentally, was $16.8?trillion on World Bank numbers, and China’s was $16.2?trillion – within a whisker of knocking the US off its perch.


Is it a coincidence that I have titled this as a failure on the part of the leader because of the direction of the world money movement? I have predicted this as the Chinese had been making the world their market when it comes to merchandise and have 60 percent control of the funds on the IMF. We, the US as one of the biggest debtor. Of course, it is evident that our economy is declining in spite of the fact that our military is supreme.

This makes me think that there is a boiling of WW# just to strategize the loan that is wrapped on the neck of the debtors..This is the only way where in the write off for this obligation is done.

So this will respond to the belief of yeats that indeed his reign is one of the worst disaster in political maneuvering.
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Aug 14, 2015 8:38 AM CST OBAMA is he a failure? Or a success in world's leadership?
robplum: the following sort of explains

The United States Govt cannot continue on five glaring fronts of gross violations. These violations have prompted the BRICS & Alliance nations to hasten their development of diverse non-USD platforms toward the goal of displacing the USDollar while at the same time take steps toward the return of the Gold Standard. The violations are:

1) to import finished goods and crude commodities, paying with IOU coupons

2) to commit multi-$trillion bond fraud in its big banks, done without legal prosecution

3) to do QE bond purchases in applied hyper monetary inflation, monetizing debt

4) to rig all major financial markets in favor of the primal USDollar

5) to engage in numerous regional wars to support the USDollar.


I do agree on your points and I have not one moment discounted the facts that there are so many blunders the current as well as the past administration on monetary handling in the local economic functions. Heck I lost a lot of money on the collapse of Fannie May and Freddie Mac. Housing bubble that was deregulated caused all the banks to fatten up their bellies at the expense of the local consumers.

The fact remains the FR are run by the same people that controls the world's economy. I do feel China will never step up to that expectations. Reasons why the Rosenthals, Magnin and others are not too worried about whether the IMF is equated on any currency.

I( am not an economist but even common sense dictates, the US if not careful will definitely make its people under poverty much the same way as the rest of the world. However, don't underestimate the control geared towards turning the table if deemed necessary.

In short we can speculate all we want on the downfall of US economy versus China and other countries, but whoever control the military prowess rules the world.
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Aug 14, 2015 8:41 AM CST OBAMA is he a failure? Or a success in world's leadership?
lindsyjones: I do agree on your points and I have not one moment discounted the facts that there are so many blunders the current as well as the past administration on monetary handling in the local economic functions. Heck I lost a lot of money on the collapse of Fannie May and Freddie Mac. Housing bubble that was deregulated caused all the banks to fatten up their bellies at the expense of the local consumers.

The fact remains the FR are run by the same people that controls the world's economy. I do feel China will never step up to that expectations. Reasons why the Rosenthals, Magnin and others are not too worried about whether the IMF is equated on any currency.

I( am not an economist but even common sense dictates, the US if not careful will definitely make its people under poverty much the same way as the rest of the world. However, don't underestimate the control geared towards turning the table if deemed necessary.

In short we can speculate all we want on the downfall of US economy versus China and other countries, but whoever control the military prowess rules the world.


And I wouldn't be here to witness the US collapse, that I truly believe.

Obama will be replace by one transparent leader that will give a 90 degree turn on the economy. At least that is my hope.
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Aug 14, 2015 1:29 PM CST OBAMA is he a failure? Or a success in world's leadership?
Ccincy
CcincyCcincyCincinnati, Ohio USA77 Threads 20,535 Posts
Obama is no more of a failure then all the rest of the political figures we have.


Just like the rest have done Obama has kept us in wars,joblessness and homelessness.
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Aug 14, 2015 1:37 PM CST OBAMA is he a failure? Or a success in world's leadership?
Ccincy: Obama is no more of a failure then all the rest of the political figures we have.Just like the rest have done Obama has kept us in wars,joblessness and homelessness.


Hello CC thanks for joining in. Clinton per record put our economy on the positive and unemployment under his terms was average 9 percent which is a far cry from 14 percent of Obama. Wars yes they did.
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Aug 14, 2015 1:41 PM CST OBAMA is he a failure? Or a success in world's leadership?
Ccincy
CcincyCcincyCincinnati, Ohio USA77 Threads 20,535 Posts
lindsyjones: Hello CC thanks for joining in. Clinton per record put our economy on the positive and unemployment under his terms was average 9 percent which is a far cry from 14 percent of Obama. Wars yes they did.




I heard several different views on how Clinton had improved unemployment and how there were plenty jobs available.How there was a surplus and how Bush jr used the money to start the war in Iraq etc etc.
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Aug 14, 2015 1:49 PM CST OBAMA is he a failure? Or a success in world's leadership?
Ccincy: I heard several different views on how Clinton had improved unemployment and how there were plenty jobs available.How there was a surplus and how Bush jr used the money to start the war in Iraq etc etc.


Yes C that is exactly what happened. On Clinton first he approved of the Nafta and sure enough jobs rolled in and of course the Silicon valley were all springing up like crazy. Just in the Bay area alone put almost everyone on the clock of over time forever. Bush outsourced them all as he raised taxes to make the elite pay more, now we don't have much of them left as the dwindling economy is eating up the middle class section...sad flower sad flower
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Aug 14, 2015 4:42 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980
Yeats1980Yeats1980Galway, Ireland2 Threads 1 Polls 218 Posts
lindsyjones: Is it a coincidence that I have titled this as a failure on the part of the leader because of the direction of the world money movement? I have predicted this as the Chinese had been making the world their market when it comes to merchandise and have 60 percent control of the funds on the IMF. We, the US as one of the biggest debtor. Of course, it is evident that our economy is declining in spite of the fact that our military is supreme.


How do you equate any of this as the fault of Obama? What you see occurring now is a natural re-balancing of the world economy. China started on its current growth trajectory in the 1980's. They are the world's biggest exporters since 2010. But this is the development path most countries take when developing. This has got nothing to do with Obama.
I don't know what you are talking about when you say China has 60% control of the funds in the IMF. Can you explain this?
To answer the part about the US as a declining economy, I will tell you to again look at the evidence. It says otherwise.


lindsyjones: So this will respond to the belief of yeats that indeed his reign is one of the worst disaster in political maneuvering.


No it doesn't.
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Aug 14, 2015 4:58 PM CST OBAMA is he a failure? Or a success in world's leadership?
Yeats1980: How do you equate any of this as the fault of Obama? What you see occurring now is a natural re-balancing of the world economy. China started on its current growth trajectory in the 1980's. They are the world's biggest exporters since 2010. But this is the development path most countries take when developing. This has got nothing to do with Obama.
I don't know what you are talking about when you say China has 60% control of the funds in the IMF. Can you explain this?
To answer the part about the US as a declining economy, I will tell you to again look at the evidence. It says otherwise.

No it doesn't.


Yeats, we can argue endlessly and I don't intend to do that. We have so many facts and reports that are substantiated with documents to prove his ineffective and incompetence in running a country that has suffered so much from his lies. His immigration policy, his Obamacare, and I can direct you to google them. Rasmussen report is the most used and rely upon as far as the result of his competency and success as a leader will show you that not a single president in the history of the US has ever received that murderous report. Anyways, I can't upload them them you can access the information as it is available for anyone to see.

You don't agree with me, I respect that. There are always two sides of the coins.
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