Article

2010-07-05 Economy

Howard Davidowitz: U.S. Economy "Is a Complete Disaster"

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2010-07-05 00:00|| || Front Page|| [11130 views ] Top

#1 Well, you refuse to fix the mark to market, freddie mack, fannie mae, and all the "swaps" you complain about are not fixed as the US government forced all that debt into the market in the first place.
Conditions have not been fixed so you have a market waiting for the next bubble which will be reserve currency"" and that will wreck us all.

Something about economics and history, it always seems to end the same way

Hey America, you are Argentina now!
Eliminate the electoral college, and you may call yourself Romans for about a year, but then no food will be on the shelves.

God speed!

If your representatives are stupid, YOU are stupid. And broke.

Posted by newc 2010-07-05 01:39|| 2010-07-05 01:39|| Front Page Top

#2 The Obama Admin can bring out the Mission Accomplished banner, I guess.

"The Obama Administration is an Inside Job"

Posted by eLarson 2010-07-05 09:03|| 2010-07-05 09:03|| Front Page Top

#3 He can confidently read from a teleprompter and appear competent and in control, when in reality, "it's one big bag of empty words," Davidowitz says of Obama's messages.

Anyone with half a brain knew this prior to the election.

Posted by NCMike 2010-07-05 09:10|| 2010-07-05 09:10|| Front Page Top

#4 when your economic policy is based upon how many new voters you can muster, you know that spells disaster. The country needs Nov. to come ASAP to start phase 1 of Obamdecktomy.

Posted by HammerHead 2010-07-05 10:41|| 2010-07-05 10:41|| Front Page Top

#5 I can't blame Obama for getting us into this mess. I can blame "Buddha Temple" Clinton for his atrocious 1994 China WTO and MFN sellout, directly breaking a campaign pledge. You can see the progression of our decline in this graph:

I do blame him for piling on fraudulent spending gimmicks that pays off his constituency while taking capital from the productive side of the economy and digging us deeper into the economic hole.

Posted by ed 2010-07-05 11:37|| 2010-07-05 11:37|| Front Page Top

#6 Anyone with half a brain knew this prior to the election. The rest of the electorate voted 0 in.

Posted by Anguper Hupomosing9418 2010-07-05 11:38|| 2010-07-05 11:38|| Front Page Top

#7 I do blame ~~him~~ Obama

Posted by ed 2010-07-05 11:38|| 2010-07-05 11:38|| Front Page Top

#8 Davidowitz lays much of the blame for the economy's woes at the feet of the Obama administration, which he calls "the worst of my lifetime."

The worst economy or the worst administration or both?

Posted by JohnQC 2010-07-05 17:17|| 2010-07-05 17:17|| Front Page Top

23:58 gromky
23:35 Iblis
23:31 rjschwarz
23:08 DMFD
23:04 Goober Crealet3411
22:43 trailing wife
22:42 SteveS
22:35 trailing wife
21:44 Rjschwarz
21:41 phil_b
21:37 phil_b
21:33 KBK
21:24 Ford Maude Elle
21:11 crosspatch
21:05 Matt
21:03 Guillibaldo Unusing2147
21:00 Barbara Skolaut
20:56 rwv
20:55 Frank G
20:55 Angie Schultz
20:47 Hellfish
20:45 Hellfish
20:44 Rex Mundi
20:35 NoMoreBS