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Why Are The Democrats Destroying The Economy?

By antivirus software Posted in: RISING

Downward revision of GDP growth a strong signal of stalled recovery
Second-quarter economic growth was revised to an anemic 1.6%, a decline that was slightly less than many economists had predicted. But the report was a sobering cap to a week of bad economic news that has raised fears the nation could plunge into another recession. Bernanke says the Fed is ready to step in to provide additional stimulus.http://www.latimes.com/business/la-fi-gd…
Housing’s new nightmare
NEW YORK (CNNMoney.com) — In another ominous sign for the economy, the number of people falling behind on their mortgages for the first time is on the rise.
This grim statistic is only the latest bad news for the reeling economy. Home sales are in free fall, initial jobless claims remain high and the gross domestic product slowed to a near halt in the second quarter, government reports issued this week showed.
The increase in short-term delinquencies is leaving some experts wondering whether a new round of foreclosures is on the horizon, even as the current wave begins to ebb.
Some 3.51% of borrowers were 30 days late in their loan payments in the second quarter, up from 3.31% at the end of last year, according to new data from the Mortgage Bankers Association. The shift is a stark reversal from the steady decline in short-term delinquencies during 2009.http://money.cnn.com/2010/08/27/news/eco…

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  1. Mr. Julian Says

    Dammit

  2. U.S.Vete Says

    I searched and searched but nowhere do either of your sitings say that Democrats are responsible.
    Everything that Obama does the Republicans fight tooth and nail against so they are the ones who are responsible for their gross failures which started under their God – George W. Bush!
    .

  3. El Tecolote Says

    Because they are very good at snatching defeat from the jaws of victory.
    Seriously, they don’t WANT to hold onto Congress, and the President does not want a second term. If they did, they’d stop their stupid garbage that they know does not work and just do something right.

  4. Jimmbbo Says

    Cloward and Piven…http://www.americanthinker.com/2009/02/t…

  5. Zardoz Says

    Democrats are not destroying the economy. It is much better many more suffer so few can benefit. What does it matter if they are practicing Crony Capitalism? Their political donors deserve the benefits of electing them. I do not see any problem at all.

  6. Who now? Says

    We’re fixing it after the Republicans destroyed it.

  7. Reality is not biased. Says

    So they can buy your organs at dirt cheap prices, and live forever! BUWAHH-HA-HA-HAAA!

  8. ♥сøυτυ®ε Says

    Ask Obama.

  9. Tina Says

    Home schooled?

  10. 007 Says

    It’s not the Democrats or Republicans who are destroying the economy, but rather it’s the people they work for. The international bankers have held politicians at gunpoint for a very long time and continue to do so even to this day. There is not a single president that hasn’t been financed by these bankers, and it explains why the economy never gets any better because if someone gave you money then naturally you would return the favor. According to the U.S. Constitution, Congress is the only one that has the authority to issue our currency but instead the federal government allowed these bankers to create the money ever since Woodrow Wilson signed into law the Federal Reserve Act of 1913 (although it was already going on before then). And since then the federal government has been paying interest to these bankers in the trillions, and that resulted in the creation of income taxes; prior to that, people didn’t have to pay income taxes. If only the government would go back to the Constitutional notion of letting Congress issue the currency, then they wouldn’t be paying interest rates to anyone and this would save us a lot of money and ultimately remove the national debt. Go to the first link below to sign the petition to abolish the Federal Reserve Act of 1913.

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