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Advisor

Re: Good News! 2017 Net Farm Income to Rise

As a percentage of GDP, it is less than it was in the Bush years. Meaning, the economy has grown significantly since 2007.
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Honored Advisor

Re: Good News! 2017 Net Farm Income to Rise

Actually, Obama blew through 100% of national debt to GDP (and feel free to research it other places too).   Basically things are so bad (because of free trade IMO) that in this increasingly service based economy, the government has to spend $1 to get $1 in growth.  No sane person would want this job, however one day the Commander in Chief is going to have to go to our creditors, including Aunt Emma and her T-Bills and convince them to take a "haircut".

 

https://tradingeconomics.com/united-states/government-debt-to-gdp  

 

 

image.pnghttps___d3fy651gv2fhd3.cloudfront.net_charts_united-states-government-debt-to-gdp@2x.png_s=usadebt2gdp&v=201707200904v

 

 

 

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Veteran Advisor

Re: Good News! 2017 Net Farm Income to Rise

just what does bashing a former president have to do with the subject of the thread ?

 

my god man, you need help, that's all you can talk about.

 

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Veteran Advisor

Re: Good News! 2017 Net Farm Income to Rise

I gotta call you on that cheapo. Read back to see who brought presidents to this thread. And you do a bit of "presidential bashing on here yourself
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Honored Advisor

Re: Good News! 2017 Net Farm Income to Rise

Elcheapo, you`re going through a lot of issues and I haven`t walked a mile in your moccasins, you probably are a pretty good guy.  But, if you have a problem with what I say, please put the ignore button on me or don`t read what I have to say.   My intent is to first entertain, then inform and then to provoke thought, not everyone is into that and to those, just ignore me.

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Honored Advisor

Re: Good News! 2017 Net Farm Income to Rise

come on cheapo..... The president had very little to do with it.... they are just cold hard facts..... 

Both Bush and "cheapo's favorite" were just in place at the time.

At best Obama was the feel good president at a time when it was a bad time to be president and it has been a bad time to be president since the 1990's.

Our economy has been deteriating since  we bought in to " the shift from the industrial growth society to a life-sustaining civilization".

Whenever we fell for that slogan..... which actually meant The worlds rich can borrow and must pay to build the worlds economy at the expense of the US economy.  

It has been nothing but a taking of industry from the haves and placing it with the have nots.  Which of course centers around the worlds only communist society of any power left in the world.  Contemporary Anarchism with a green and sexual spin...

 

Statistics  ---- I would like to see a comparison between the transfer of manufacturing and economic strength from Europe to the US in WW2 to the transfer of economic strength and manufacturing since 1990 from the US to China.

 

 

 

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Honored Advisor

Re: Good News! 2017 Net Farm Income to Rise

That`s a very good point SW.  The US was the economic winner of WWII, our country`s infrastructure was still intact and after the war a lot of pent up demand.   And the new technologies at the time came about from having to fight a war and women in the workforce and such.  And we were generous rebuilding Japan and Germany, don`t know probably Italy too.

 

However, +30yrs ago we started giving it all away, Americans decided there were jobs that "we won`t do" so send the factories to China, gotta take down the trade barriers for that. And we don`t want to sheetrock houses and work in packing plants, so bring in people from other countries that will work for 1/3 the wages.  Well, predictably the chickens have come home to roost after 30 years of that crap. 

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Advisor

Re: Good News! 2017 Net Farm Income to Rise

You forget it was Congress that passed the bill.  Obama signed it.  It was not simply throwing money at a problem, but it was targeted.  Dodd-Frank targeted unscrupulous predatory lending practices, requiring truth in lending laws, increasing transparency in lending policies,  limiting maximum interest rates on so-called "payday loans", requiring more due diligence in vetting credit worthy applicants, requiring more equity in loans and in the banks that issued them, setting guidelines regarding credit default swaps.  Did you know lenders did not have to have any reserves set aside to cover their risk on these swaps?  This is what brought the house down and began the recession.  Had this law been in effect prior to the meltdown, the meltdown would not have happened.

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Advisor

Re: Good News! 2017 Net Farm Income to Rise

Back in the day, I had taken out several credit card accounts to help pay for medical expenses.  One was a Capital One card.  Once I began using it, they began fooling with the due date, changing it every month or so.  That way, if I was in default by not making the due date, they could charge higher interest rates.  They also changed the terms once approved.  My rate rose from zero to nine percent, then later to 16 percent, even though I paid on time.  Then, they also changed the default interest rate to a much higher number than on the original policy, over 30 percent.  Then they changed the due date every month, making it earlier and earlier, until the due date was less than two weeks into the month.  They also changed it in between statements, with snail mail notifications, hoping you would not find it among the junk mail.  I once got the notice on the day it was now due, but did not open it immediately until later that week.  Hit with a late charge and default interest rate hike.  This kind of predatory practice is what Dodd-Frank addressed as well. 

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Honored Advisor

Re: Good News! 2017 Net Farm Income to Rise

Smokey, I`m talking about the 0% fed funds rate, which the government borrows money from the federal reserve so all those entitlement checks get out on time.   That is the interest on the national debt, if Obama had been paying a more historical 5% on $15 trillion, what would the deficit been?

 

Looky what happened in 2009, carrying on through out the entire 8 years of Obama.

 

image.pnghttps___cdn.gobankingrates.com_wp-content_uploads_2016_04_170223_GBR_SavingsAccountRate_1920x1080-1024x576.jpg

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