Oy vey. . america' s) finances I trillion 1 trillion million ll) bf I trillion e 3 trillie 4 trillion 5 trillion 7 Winn ll trillion 12 trillion 13 trillion M tr
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Oy vey

america' s) finances
I trillion
1 trillion
million ll) bf
I trillion e
3 trillie
4 trillion
5 trillion
7 Winn
ll trillion
12 trillion
13 trillion
M trillion
15 trillion
MII too to R
17 thatm ttell Imto,
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+355
Views: 22526
Favorited: 29
Submitted: 10/21/2013
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#225 - kentravyon (10/22/2013) [-]
On one hand, No Obama hasn't handled the situation as well as he could have, but on the other hand i kind of feel bad for the guy because he entered office in a kind of loose / loose situation (if my understanding of economics is correct)  To put things into an analogy he essentially wasn't strong enough to stop the already huge snowball from rolling down a hill.
On one hand, No Obama hasn't handled the situation as well as he could have, but on the other hand i kind of feel bad for the guy because he entered office in a kind of loose / loose situation (if my understanding of economics is correct) To put things into an analogy he essentially wasn't strong enough to stop the already huge snowball from rolling down a hill.
User avatar #226 to #225 - kentravyon (10/22/2013) [-]
in:b4 grammer Nazi
ITS LOSE NOT LOOSE
time for bed
#224 - poniesareghey (10/22/2013) [-]
Another thing, just check the ******* website on here.
Yeah.
I see no reason this data would be biased.
Because these are the right people. The right tone. The right place.
#219 - anonymous (10/22/2013) [-]
I know I'll probably get thumbed down for this, but FJ never ceases to piss me off when it comes to anything economic or political. I'm not the smartest guy, but my college majors before law school was economics and political science. If you think that its just the president or just congress or any simplistic group that is to blame for congress then you don't get it at all. Yes, Obama has made some mistakes, and yes Bush did too, but Jesus both of their presidencies have been awful and would have been awful no matter who would have been in power.
#221 to #219 - anonymous (10/22/2013) [-]
were*
#223 to #221 - anonymous (10/22/2013) [-]
and our problems* not congress. Double Dukes
#209 - illegalartist (10/22/2013) [-]
I like how everyone thinks this chart is accurate.
I like how everyone thinks this chart is accurate.
#207 - poniesareghey (10/22/2013) [-]
I'm pretty tired so I'll probably muddle this but the basic point of this chart is that halfway through I realized I really don't need to make this but I already started, and two, it's really like apples and oranges. The president has no control over the economy, it's all Congress as several users have pointed out so this chart is just as useless as mine. Personally I don't even like Obabo, I think he's sort of a piece of **** . That's both personal bias towards him as a human and towards what he's done in his two terms and the statements he has made several times to get elected that he simply just went back on like "What you expected me to do this for real?". This really is out of his control though and it's just people looking for something to blame for problems with obvious causes that we want to avoid so we can pretend we're "fixing" it by easily voting someone out of office as opposed to getting involved in government.
I'm probably ranting again, **** .
User avatar #215 to #207 - DementedDoom (10/22/2013) [-]
One like for you. And another fun fact, our debt was looking more like 1 trillion during the Clinton administration.
User avatar #222 to #215 - poniesareghey (10/22/2013) [-]
Check the website that gathered the data, I see no reason they'd want to put any biases in there
User avatar #205 - sinonyx (10/22/2013) [-]
i like how everyone things that the president can just wave a magic wand and fix everything
User avatar #206 to #205 - PgFalcon (10/22/2013) [-]
He's the leader of the free world. His voice has a lot of ******* weight, his opinions are worth more than a nationfull of facts, and his orders are obeyed even if they fly in the face of the law.

There's a reason that when a president feels a certain way, the whole ******* country tends to get forced into that direction, whether they want to or not.
User avatar #216 to #206 - Daeiros (10/22/2013) [-]
yes, but if you remember from your middle school American government class, we have this thing called division of power, a system based on checks and balances. If congress doesn't like the president they can **** him every step of the way. Republicans typically dislike change, the republicans had the majority in congress, so Obama had a hell of a time trying to deliver on his promises for change.

but none of that really matters because the "federal" reserve (not actually a federal organization) are the ones who are actually in control of the money and the game is rigged from the start.
User avatar #229 to #216 - PgFalcon (10/22/2013) [-]
The president, especially the current president, is a politician. Not only can he weasel his way into getting just about anything he wants, but he's also quite willing and capable of bending and breaking laws to his own benefit. You can see great examples of this happening now with Barack. The only reason he hasn't been impeached yet is because he has the media backing him up and the US people are too lazy and too liberal to give a **** about that sort of thing anymore, and so they let him.
User avatar #210 to #206 - xsirxrepostxalotx (10/22/2013) [-]
*whisper* New Zealand is the freest nation in the world so shouldn't their leader be the leader of the free world? *end whisper*
User avatar #211 to #210 - PgFalcon (10/22/2013) [-]
But do they lead? I think that if USA tells NZ to jump they ask how high.
User avatar #213 to #211 - xsirxrepostxalotx (10/22/2013) [-]
I think the US has asked to bring Nuclear powered vessels into New Zealand and they've told them to get ****** .
User avatar #214 to #213 - PgFalcon (10/22/2013) [-]
And they'd do so how? With their massive standing army? They'd GET ****** . =P

Game set match. America kicks ass.
User avatar #217 to #214 - xsirxrepostxalotx (10/22/2013) [-]
because you can't I will highlight that I was talking in past tense. they have already done so through the UN. en.wikipedia.org/wiki/New_Zealand%27s_nuclear-free_zone
User avatar #230 to #217 - PgFalcon (10/22/2013) [-]
Aka: this is a no-gun zone! Please leave before we cry for our mommies!
User avatar #228 to #217 - PgFalcon (10/22/2013) [-]
The US has never respected the UN's opinion, and the UN has done nothing to stop the US from doing whatever the **** we want. Otherwise we would never have been in the middle east in the first place.

If we want something in NZ, you can bet your ass we'll have it there. It's not my problem that it's a crappy small country with no strategic value to anyone.

And PS, only the French go running and crying to the UN. Bunch of pussies, can't even protect their own children but expect the world to bloody their own hands to save them.
User avatar #218 to #217 - xsirxrepostxalotx (10/22/2013) [-]
Because you can't tell* ...
User avatar #203 - dunkleosteus (10/22/2013) [-]
Looks to me like a ****** time to be a president. You can't attribute the blame to the president, especially the market crash when Obama first came into office, which was an echo of the practices throughout most of the 2000s when Bush was in office. Wouldn't matter if Obama hadn't made it into office, the whole thing still would've happened and the only thing different about that chart would be Obama's name.

No human could drag America out of the massive pile of **** in a mere 8 years.
User avatar #197 - settlwlvs (10/22/2013) [-]
notice how revenue took a drastic fall and deficit took a sharp increase the second Obama went into office?
User avatar #180 - barbwirepain (10/22/2013) [-]
the reason it started going to **** AFTER clinton is clinton passed a bill that basically ****** over a bill they put in place after the great depression so that way we would never have another depression
#183 to #180 - anonymous (10/22/2013) [-]
which was?
User avatar #185 to #183 - barbwirepain (10/22/2013) [-]
basically it stated the banks couldn't make stupid investments
User avatar #227 to #185 - Daeiros (10/22/2013) [-]
In 1929, the music stopped, the stock market crashed and the Great Depression began. It took eight years from the start of the boom to the bust. Subsequent investigations revealed the extent of the fraud that preceded the crash. In 1933, Congress passed Glass-Steagall in response to the abuses. Banks would be allowed to take deposits and make loans. Brokers would be allowed to underwrite and sell securities. But no firm could do both due to conflicts of interest and risks to insured deposits. From 1933 to 1999, there were very few large bank failures and no financial panics comparable to the Panic of 2008. The law worked exactly as intended.

In 1999, Democrats led by President Bill Clinton and Republicans led by Sen. Phil Gramm joined forces to repeal Glass-Steagall at the behest of the big banks. What happened over the next eight years was an almost exact replay of the Roaring Twenties. Once again, banks originated fraudulent loans and once again they sold them to their customers in the form of securities. The bubble peaked in 2007 and collapsed in 2008. The hard-earned knowledge of 1933 had been lost in the arrogance of 1999.

source: www.usnews.com/opinion/blogs/economic-intelligence/2012/08/27/repeal-of-glass-steagall-caused-the-financial-crisis
User avatar #178 - teleamachus (10/22/2013) [-]
Obama has thus far put America 17 trillion in the hole, and that's only at 2015!!
#193 to #178 - sorakirin (10/22/2013) [-]
Obama has only been around for 6 Trillion of the national debt. It's not like the second Obama took office we imediatly gained 17 trillion dollars in debt.
User avatar #195 to #193 - teleamachus (10/22/2013) [-]
I was pointing out a flaw in the time scaling this picture depicts.
User avatar #165 - ThatFuckingGuy (10/22/2013) [-]
Let me just blame the president for **** that's not his fault
#177 to #165 - bluetwizzler (10/22/2013) [-]
I think I love you...
#154 - someguyonthewebz (10/22/2013) [-]
Article I, Section. 8.    
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States   
   
The President doesn't do 						****					 with the economy. Congress has the sole power.
Article I, Section. 8.
The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States

The President doesn't do **** with the economy. Congress has the sole power.
User avatar #171 to #154 - noblexfenrir (10/22/2013) [-]
....so you're implying the regulations and actions of the federal government (Of which the president has a large portion of power over, more so if his party is in control of one area in congress. Or concerning executive orders, total responsibility for a specific policy.), have no effect whatsoever on the economy?

Because this seems to be what you're saying.
User avatar #198 to #171 - nyctonightingale (10/22/2013) [-]
Both Congress and the Senate have more power than the President. They are the ones that pass all of the laws and do just about everything, Obama may propose some but Congress and the Senate are widely responsible for most of it.
User avatar #201 to #198 - noblexfenrir (10/22/2013) [-]
Okay no, you are thinking of the federal government as something in which it's 3 individual parts that act apart from one another and sit around making decisions that the others know absolutely nothing about.

The very fact that any bill that passes is most commonly passed by the president (Very very very rare occasions he can veto and congress can undo the veto, but only like 4% of bills vetoed have had this happen.), does not exempt him when something negatively effects the economy.

So you're right, under certain conditions the president can claim no fault if something negatively affects the economy. However, these conditions are incredibly rare.
#190 to #171 - astafarianp (10/22/2013) [-]
Last time i checked Congress is also part of Federal government.
User avatar #191 to #190 - noblexfenrir (10/22/2013) [-]
and last time I checked, so is the president. Hence, your first point is well...pointless.

#194 to #191 - astafarianp (10/22/2013) [-]
Yes but not all branches of the federal government have the same powers. Congress has way more power over the economy than the president or any individual state. And congress is part of the federal government so the federal government(at least 1 branch) has a huge impact on the economy.
User avatar #196 to #194 - noblexfenrir (10/22/2013) [-]
They don't have the same powers, however they all affect the economy in their own ways. The president, as I wrote above, plays a large role in tax and regulations, which are prime economic factors.
User avatar #192 to #191 - noblexfenrir (10/22/2013) [-]
Sorry thought you were OP, not your point. Sorry.
#167 to #154 - anonymous (10/22/2013) [-]
have you seen our congress lately?
User avatar #238 to #167 - someguyonthewebz (10/22/2013) [-]
While I completely agree, I hate this **** about President's solving the debt when they can't touch a penny of the United States' Treasury.
#153 - jackassalope (10/22/2013) [-]
Looking at this graph, what i see is that debt is a pretty smooth curve all the way back to 1980; that the deficit and revenue took a turn for the worse at the same time before Obama was in power; that things have been gradually improving while he has been in power, especially the revenue; and that no matter how much money America makes, we seem to always budget more than we have.
User avatar #172 to #153 - noblexfenrir (10/22/2013) [-]
Increased revenue isn't really always a good thing, especially when we're talking about revenue generated by the federal government. It usually is a result of high taxes. Which from the timeline of this graph, is what happened. So what this graph actually shows is we keep increasing our expenditures and keep increasing taxes to make revenue catch up.
#148 - anonymous (10/22/2013) [-]
Yeah, it's all Obama's fault. Not that there's been a horrible economic recession or anything. He's far from a saint, but give credit where credit is due. How the hell do you think FDR got us out of the depression?
#181 to #148 - anonymous (10/22/2013) [-]
Did FDR End or Extend the Great Depression? - Prager University ORLY?
User avatar #159 to #148 - pebar (10/22/2013) [-]
Free to Choose Part 3: Anatomy of a Crisis (Featuring Milton Friedman) ahaahahahaahahahaAHAHAHAHAHAH AHAHA
#164 to #159 - shpadoinkle (10/22/2013) [-]
**** yeah Friedman!
User avatar #147 - roflstorm (10/22/2013) [-]
I predict 20,000,000,000,000 by 2020
User avatar #151 to #147 - jacklane (10/22/2013) [-]
Seriously? I mean... seriously? I predict 20 trillion within 2 years.
User avatar #174 to #151 - angreif (10/22/2013) [-]
you kidding? i plan on 20 trillion by tomorrow. trust me. when i make plans, i follow through.
0
#161 to #151 - thunderxcatsxhoooo has deleted their comment [-]
User avatar #162 to #161 - jacklane (10/22/2013) [-]
Can you rephrase that?
User avatar #163 to #162 - thunderxcatsxhoooo (10/22/2013) [-]
I tried to make a comment, but I took your comment out of context and therefore looked like a dumbass so I deleted it.
User avatar #166 to #163 - jacklane (10/22/2013) [-]
I seriously read it like 5 times and couldn't understand it.
User avatar #168 to #166 - thunderxcatsxhoooo (10/22/2013) [-]
Okay so you said that you predict that Americas debt will be in the 20 trillions in roughly 2 years. But what I thought you meant was that in 2 years it will be 2020, so I was like, no you moron it will be 2016. But then I re-read your comment and realized that I made a mistake and didn't pay enough attention, so I was the idiot. It's like 11PM right now so my brain power is straining to pay close attention to anything
User avatar #152 to #151 - roflstorm (10/22/2013) [-]
I was giving you guys a sense of hope and a bit of leash but yea, you guys are so ****** it isnt funny
#144 - trollmobile ONLINE (10/22/2013) [-]
well, at least the rate at which the debt is increasing, is dropping.
it's turning around
however very slowly
under bush, the rate was increasing.
User avatar #142 - GoReMoTe (10/22/2013) [-]
are these values adjusted for inflation....?
#122 - Snowplows (10/22/2013) [-]
There is a solution.
#149 to #122 - deadlydong (10/22/2013) [-]
national treasure was the best movie ever made there i said it now i can have all the red/green thumbs depending on your opinion of the movie
national treasure was the best movie ever made there i said it now i can have all the red/green thumbs depending on your opinion of the movie
User avatar #119 - StaticX (10/22/2013) [-]
Y'all ************* need to read up on some classical economics to know what we SHOULD be doing to get the economy back on track rather than following this Keynesian ideology we've been following.

Economist who know what their talking about:
Milton Friedman
David Ricardo
Jean-Baptiste Say
User avatar #118 - cagetheelophant (10/22/2013) [-]
>People that think the president controls our finances
>Progress
>Pro
>Con
>Congress
>Potato
User avatar #157 to #118 - bakonforall (10/22/2013) [-]
prostitution/constitution
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