The president needs to come out and be honest with everyone

[RB TexLa]

The economy is not going to grow at any significant rate until 2020. Housing values won't have significant growth until 2025. The world's governments can try to speed things along but they won't speed things up that much. There comes a point where the effort isn't worth what you get from it. And being honest is best anyway.

[Scuba]

1. And these things are true because?

[Enrique]

2. that's not honesty imo

that's spin from people who benefit from government inaction, and I definitely don't want Obama to be repeating it.

[RB TexLa]

6. I don't think you have much worries, I'm sure he and all the rest of them will keep blowing smoke up

your ass.

[Common Sense Party]

3. And you KNOW we're in for a decade of slow-to-no growth...how?

[dkf]

9. Everyone needs to work off their debt.

"The basic thesis of “This Time Is Different” is that financial crises are not like normal recessions. Typically, a recession results from high interest rates or fluctuations in the business cycle, and it corrects itself relatively quickly: Either the Federal Reserve lowers rates, or consumers get back to spending, or both.

But financial crises tend to include a substantial amount of private debt. When the market turns, this “overhang” of debt acts as a boot on the throat of the recovery. People don’t take advantage of low interest rates to buy a new house because their first order of business is paying down credit cards and keeping up on the mortgage.

In subsequent research with her husband, Vincent Reinhart, Carmen Reinhart looked at the recoveries following 15 post-World War II financial crises. The results were ugly. Forget the catch-up growth of 4 or 5 percent that so many anticipated. Average growth rates were a full percentage point lower in the decade after the crisis than in the one before.

Perhaps as a result, in 10 of the 15 crises studied, unemployment simply never — and the Reinharts don’t mean “never in the years we studied,” they mean never ever — returned to its pre-crisis lows. In 90 percent of the cases in which housing-price data were available, prices were lower 10 years after the crash than they were the year before it."

http://www.washingtonpost.com/blogs/ezra-klein/post/could-this-time-have-been-different/2011/08/25/gIQAiJo0VL_blog.html?wprss=ezra-klein

[ret5hd]

4. I think there is as much chance of that as...

assorted poseurs masquerading as democrats for their jollies being honest with everyone.

not namin' names or anything.

[leftstreet]

5. Depressing, but he could cheer everyone up by reminding them of the mandated insurance payments!

:bounce:

[court jester]

15. !!

[Tuesday Afternoon]

did you shine up your crystal ball this morning? looks cloudy to me.

:shrug:

[RB TexLa]

8. If we had a $5T spending bill or a $5T tax cut next year it really wouldn't

change the timeframe. I don't claim to be exact on the dates, I'd bet I'm short on them.

[Tuesday Afternoon]

7. *hic-up*

[dkf]

10. Politicians never get elected telling the truth.

[RB TexLa]

11. I know. It would just be nice to see someone being decent.

[dkf]

13. Yeah drives me nuts too.

But look at this crowd...they aren't in to the truth. Truth tellers are persona non grata and unrec'd.

[Vincardog]

12. Maybe we need to start talking about Raising standards of living as opposed to raising Corporate

profits.

[kctim]

14. You do realize

that this is at the heart of the "turning America into a socialist state" and "New World Order" conspiracies.

[jwirr]

16. Agreed. The thing is that many (see the posts below) are waiting

for some miracle to help us out of this NOW. That is a disaster waiting to happen in 2012. When the miracle does not happen he is the one who is going to get the blame. By telling us the truth in plainer language than he has so far he prepares us. So far he has quietly said that it is going to "take a while". For most of America "a while" means soon. Not going to happen.

Why won't it happen soon? 1. The obstructionism of both the rethugs and American businesses such as the Koch brothers. 2. Fear. 3. This is not a simple problem that can be handled with a few quirks here and there. 4. This is not just a recession like other recessions/depressions, it is connected to a whole range of problems we have never faced before: climate change, oil depletion, water shortages, food shortages, overpopulation, globalization, etc. 5. We are for the most part still following the business plans of Milton Friedman even though they have not worked anywhere they were used - except of course for the rich.

[Name removed]

17. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Tierra_y_Libertad]

18. (Successful) Politicians + Truth = Oxymoron

"History has tried to teach us that we can't have good government under politicians.  Now, to go and stick one at the very head of government couldn’t be wise." Mark Twain

[theophilus]

19. Clairvoyant negative crap. Un-recommend. n/t