Talking down the economy... here we go again.. yes Rant in progress

[Peacetrain]

Well here we go again...remember what Bush did when he first got into office.. he literally went on a bender with Cheney and all their minions.. and the financial talking heads took up the call.. to talk down a vibrant economy.. in the black on the yearly budget..poised to bring down the deficit..We were about to clean up Reagan's mess.

The right wing scared people to death.. so they could then implement giant tax cuts for the rich.. and blow by regulations that would end up totally tanking the economy in 2008.

We had basically zero job growth in the Bush years.. and our salaries went south in their value.

http://www.huffingtonpost.com/2010/01/02/the-lost-decade-zero-net_n_409294.html

Today we have a vote on financial regs.. and I sat and watch CNBC starting at 6 this AM knowing what was going to happen.. and sure enough it did.

The early markets were in positive growth.. but the vested interest in stopping financial regs and getting the economy back on sound ground, for these dunderheads.. means that they have to work 24/7 to scare people again and send the economy tanking.

And sure enough.. double dip double double dip.. and you watched the numbers tumble.. so then I check all the main stream media outlets.. and the panic is on..

The need to have it seem like the markets are so scared of the President, that they have to tank if regs pass was obvious.

This economy is starting to recover.. and people need their unemployment benefits until they get retrained and retooled, (many of the old jobs are just gone) .. people who have been off the employment rolls for years are coming back in.. even as people find employment the unemployment numbers should keep growing as we start to deal with the actual results of what a mess Bush and company left us with.

But true to form.. those with a vested interest in the country failing.. will do anything in their power to promote that failure for their own political gain.

[NJmaverick]

1. Keys to stalling the economy

talk it down with every chance, stifle consumer confidence

Have big business sit on piles of cash ($1.8 trillion) instead of putting to work priming the economic pump.

[Peacetrain]

3. Yep.. it worked before.. and by george they are out to do it again

[Yavin4]

2. I Notice The Exact Same Thing

Gloom and doom economists, who were dismissed outright as kooks during the Bush years, are now allowed to come on CNBC and give their spiel without interruption.

During the Bush years, when they were allowed to be on, they would be on with about 7 others screaming them down and calling them idiots.

Last year at this time, the doom and gloomers were telling us that Obama needed to take over the banks or the whole system would collapse.

The economy is recovering, albeit painstakingly slow, but it is recovering.

[Peacetrain]

4. With all the crap that the Bushies built into taking the economy down

and to give everything to the uber rich.. I am amazed we have been able to dig out as far as we have.. and with financial regs in place.. but they are going to work 24/7 to stop any progress going forward..because that means they will not get back into power

[sandnsea]

5. I thought this was a corporate give-away

How comes wall street always hates what this "bend over little boy" corporatist does?

[Peacetrain]

6. They do not like those derivatives being regulated.. you can hear the whining all the way to Iowa

ah yep..

I sat their with a pot of coffee, and predicted 100% what was going to happen.. and it did..the republicans must be in panic mode more than we realize

[fasttense]

7. I really wish the tanking economy was merely pessimism by news readers

and idiot talkers. But my husband's unemployment is real. The stopping of all possible unemployment compensation is real. The 15.2% unemployment rate, in our county, is real. The shuttered factories and stores are real. The overgrown lawns of abandoned homes are real. The homeless pushing bikes and carts where we had no homeless before are real.

I really wish it was simply just talk.

[Peacetrain]

9. There is real unemployment.. no one is saying their isn't..

But one thing leads to another.. the private sector is sitting on billions they should be reinvesting into the economy.. that gives us jobs..

All this scare talk.. is pointed in one direction.. to keep people unemployed .. so they can get back into power..

I have been here before and seen it before.. this is not a new strategy on their part

[Peacetrain]

8. AHHHH my little unrec monsters busy at work...

[Oregone]

10. And I think those with a vested political interest in the economy reviving will promote recovery

Thats just the way it is. For everyone else, the truth probably lies somewhere in between.

I really don't know anything but my own situation, and my company is hanging in tatters, waiting for the shoe to drop. If people are having the opposite experience, congrats to them.