By Joe Conason

Global Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy

October 8, 2012 11:30 pm Category: Economy, Memo Pad 79 Comments A+ / A-
Global Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy

Unemployment is still too high, income is still too low, and the recovery is still too slow – but the United States is faring considerably better than other developed nations against the threat of a renewed recession and remains “the brightest spot in the world economy,” according to the latest indicators tracked by the Financial Times and the Brookings Institution. Known as TIGER, or Tracking Indices for the Global Economic Recovery, the comprehensive data report compiled by the London-based business daily and the centrist Washington think tank  provides a factual context for the U.S. presidential debate.

Favorable comparison with other nations, in a faltering world economy, may reinforce President Obama’s argument that his policies are working despite jobs statistics that remain deeply troubling. Moreover, criticism of Obama by Republican Mitt Romney may well be regarded as less credible if the U.S. economy is in fact performing better than every other developed country — especially those pursuing the austerity policies advocated by Romney and his running mate, Rep. Paul Ryan.

Combining measurements of  real economic activity, financial data, and surveys of business and consumer confidence, the TIGER index employs advanced statistical methodology to illustrate the simultaneous movements of indicators that tend to be measured very differently in various countries. According to the Financial Times, which featured the latest report on its Monday front page under the headline “US defies threat of global recession”:

The TIGER index shows momentum in the global economy dissipating despite action by the Federal Reserve, European Central Bank, Bank of Japan and Bank of England to boost the recovery. Only in the US – on the brink of the presidential election – has economic momentum remained reasonably robust.

“The global economic recovery is on the ropes, battered by political conflicts within and across countries, lack of decisive policy actions, and governments’ inability to tackle deep-seated problems such as unsustainable public finances that are stifling growth,” said Eswar Prasad, a Brookings senior fellow and creator of the TIGER index. “The US economy remains the sole bright spot, with economic activity, employment and financial markets all showing unexpected although still modest strength.”

Worldwide demand remains too feeble to promote a strong and steady global recovery, despite continuing efforts by the central banks in the U.S., Europe, and Asia — and the TIGER data compiled from the Group of 20 nations shows worrisome deterioration. It was released on the eve of the annual meetings of the World Bank and the International Monetary Fund in Tokyo, where finance ministers and central bankers will discuss how to stimulate growth and forestall another recession. The Financial Times also quoted leaked IMF data indicating that global growth projections for this year will be revised downward, from 3.4 percent to 3.3 percent, and for next year from 3.9 percent to 3.6 percent.

The Brookings website includes an interactive world map of TIGER indices here and a full analysis of the data here.

Photo credit: AP/David Becker, File

Global Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy Reviewed by on . Unemployment is still too high, income is still too low, and the recovery is still too slow – but the United States is faring considerably better than other dev Unemployment is still too high, income is still too low, and the recovery is still too slow – but the United States is faring considerably better than other dev Rating:

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  • ryueire

    This is what most on the extreme right would hate to read. The US economic position would actually be stronger if the President had been able to pass the jobs act, had it not been railroaded by obstructionist GOP self-serving idiots.
    Btw, it is also unregulated activity of global financial institutions with junk bonds/overrated real estate investments and resultant stock market collapse that has caused the debt crisis overseas.
    The various govt cuts of civil service sector employment are aimed as part of the solution toward fiscal responsibility.
    It is not that these governments were too big. Or that the cause is because of universal healthcare that is offered in many of the European Union countries.
    The US is not like the situation in Europe. The Euro is a still relatively young currency and is showing problems where strong financial stable powers dictate to the smaller , weaker countries in a loosely based European Union, where each country has its own government (each with its own language, history and inherent weakness as well as strengths ). The European currency is suffering major growing pains where the US dollar has been the global underpinning currency.
    If Obama as he has stated, is pursuing the model that was prevalent in the Clinton years, then this bodes WELL for most Americans.

    But not for those that are super wealthy, the elite who cling to concepts of entitlement of controlling the country… Obama, for all his strengths and weaknesses, represents the Common Man. And he represents the racial change that is inexorable of the US. And that is why the extreme right hates/fears what the President represents.

    • old_blu

      We would have to read it to the extreme right.

    • http://www.facebook.com/don.larson.923 Don Larson

      Ry-

      Entitled to rule the Country? You Bet. At least that will be the Clarion Call, once the Rich consolidate their Wealth. It goes beyond, “feeling,” entitled. It is about creating Dynasties that can’t easily be brought down. These very smart – - but dangerous Elites – - read the Demographics. They know that within 30 years; the White Man in America will be a Minority. That would not forebode well for their Blood Line. So, try and get your Family to acquire as much Power and Wealth – - that will solidify, their unmovable Influence in Government and the Economy. Watch for marriages within their own Race and Culture. So much more could – - and should be said, but time and space – - limit. Consider this: Just think of Power and Influence these People will have when they have their own Air Force of Drones; and their own Armies of Robots? Think it can’t happen? Better read, “The Race with Machines.”

    • ralphkr

      OH, ryueire, I fear that you are mistaken that this is the kind of news that the right hates to read. They shall use this to prop up their accusations that this is just one more of the many lies being pushed by the corrupt lackeys of Obama who control all of the media. I have even read articles accusing Fox News of being mouthpieces for the liberal traitors and I am waiting for them to start accusing Newt and Rush of being Communist mouthpieces.

  • http://www.facebook.com/dominick.vila.1 Dominick Vila

    Contrary to the doom and gloom we hear from the GOP the U.S. GDP is by far the strongest in the world, our unemployment rate is envied by developing countries still struggling to recover from the global recession, our business and personal wealth is second to none, and our standard of living – and social programs – make even our poor look rich in the eyes of hundreds of millions of people throughout the world.
    Our problem is that we are spoiled, irresponsible, and narcissistic. Even a small sacrifice that woud involve replacing our six month old cell phone with the latest gadget becomes a personal tragedy and evidence of misery. We love to talk about patriotism, we brag about our military and ecconomic might…and we then commiserate becaause we lost the ability to dream. I think what we lost is the willingness to do what generations before us did. They pursued the dreams, they made sure they achieved those dreams, and they did everything they could to make this country the greatest land in the world.

    • http://www.facebook.com/fern.woodfork Fern Woodfork

      The Doom And Gloom Is Just Another Low Blow Tactic The GOP Has Used For Years Along With The Fear Mongering That Have The Dump And Stupid People Looking For The Boogie Man And Running For Their Lives!! America Is Not Broke These Rich Thugs Are Still Making More Money Than Ever And If They Really Cared They Wouldn’t Be Fighting So Hard Not To Pay Their Rightful Share Of The Taxes Around Here In America!!!

    • montanabill

      Very good, Dominick.

    • LVSUNSHINE

      Not only did they work to achieve their dreams but they were willing to help their neighbor achieve their dreams. Now it seems too many people is all about ME. Bain Capital, the same was with them, ME ME ME. They didn’t care about their neighbor just make ME money. I can relate because I worked for a multi-million dollar corporation as a financial consultant for 20 years and I was a part of the plan to make money for the corporation whatever it took. The more money I made for the company the larger my bonus was. Am I proud that at times I had to step on people to make money (although it was all legal), NO. This is how Romney made his millions, doing whatever it took to put money in his pockets. Is this the type of person we want leading our country, a person that will step on anyone just make himself look good! I think not

  • http://www.facebook.com/profile.php?id=589771619 Ellipse Kirk

    Slow & steady wind the race.

  • http://profile.yahoo.com/2BK4GN6CDVOOBMXWHI3KXFAFNE douglas

    Gov. Romney has promised to create 12 million jobs in his first four years. It will be impossible for him to do this. He should not make promises he cannot keep. That is what Obama did, and Romney keeps using this in his campaign. There have been only 3 presidents who have been able to create this many jobs during their time in office, and it took their second term to accomplish this. The presidents are: Roosevelt, Reagan and Clinton.
    Anyway, presidents and government do not create jobs. They create an environment for job growth. If he is elected, I hope he can keep his promise.

    • http://www.facebook.com/don.larson.923 Don Larson

      Douglas, that Promise is so ingenuousness! With what Obama has started; the GAO, is saying that the Country should create 11.8 Million Jobs over the next four years. Romney has that information; and is trying to use it to fool the American People; to spin Job Creation in his direction. And; if elected; it would appear that he did; although he DIDN’T! Even this old Moocher, Taker; and Parasite, could create two or three hundred thousand jobs in four years. Can you see the Morality of these People? Blame Obama for Bush’s Recession; and, then after Obama get’s the Nation slowly back on Track; Steal his Accomplishments.

      Now the GOP and Bush did just the Reverse, when Obama took Office. The Crash (also, known as the, “Great Wall Street Heist;” cost Middle America $10 Trillion Dollars; and wiped out 5.5 Million Jobs. Help, or Relief for Main Street? Never! Their efforts were spent on bailing out the, “Fat Cats.” on Wall Street; AIG, GM, Fannie and Freddie, With the money from the TARP Bailout (nothing more than Socialism – - Republican Style); the Big Banks shored up their Bottom Lines; and loaned the rest to the Rich, at very low interest rates. Loan it to Main Street? Help Homeowners? HELL NO! . . . And, where did the Rich go with all that, near, “free,” money? Why to the Stock Market – - dear Friends – - where else?!

      • http://www.facebook.com/fern.woodfork Fern Woodfork

        You Got That Right Don Romney Knows That, And That Is Why He’s Making That Claim Lying Rat Bastard!!!

  • William Deutschlander

    Yes the Republican Cartel destroyed our Economy, BUT of much Greater Significance and Importance, President Obama and his Administration stopped the profusely bleeding Economic Disaster which would have BANKRUPTED THE UNITED STATES.
    The Obama Administration immediately put in place actions that TURNED OUR ECONOMY AROUND, as a result beginning in 2010 our Economy RETURNED TO GROWTH. Since then EVERY MONTH has seen POSITIVE GDP GROWTH and EMPLOYMENT OPPORTUNITY GROWTH.
    We have unfortunately a REPUBLICAN LIE CAMPAIGN and an ILL INFORMED PORTION OF OUR ELECTORATE who seem willing and guilible enough to accept the REPUBLICAN LIES.
    Anyone who has observed the actions in the state governments they toook over in 2010 knows that what REPUBLICANS SAY and WHAT REPUBLICANS DO are TOTALY DIFFERENT.
    If you truely want government of all the people, by all the people, for all the people, each and every day the Obama Administration has done EXACTLY THAT.
    You see the REPUBLICANS in Congress have OBSTRUCTED EVERY PROGRAM the OBAMA ADMIN. has put forth, The REPUBLICAN PLAN is that hold back the Economy, keep as many citizens as possible struggling and in duress, that way the REPUBLICANS WILL COMPLAIN that the Obama Administration has not done enough and you should vote to put the REPUBLICANS, who caused the GREAT RECESSION OF 2008, as well as EVERY OTHER RECESSION and DEPRESSION, back in power to screw you over again, FOR GOD’s SAKE WAKE UP FOLKS!

    • http://www.facebook.com/don.larson.923 Don Larson

      William: did you see the report out today that of, ALL, the G-20 Nations; the U.S., has been dubbed as the ONE BRIGHT SPOT in the World’s Economy? Yes, we are coming back! Perish the thought if Romney is elected. Republicans are destroyers; extractors; and motivated entirely by Money and Power. Many work in the Financial Sector; which is populated by Predator Capitalists. The Financial Sector is the Best Producer of NOTHING! They are good at, “Rent Seeking,” and Masters of the, “Art of the Con.” Consider this: Three Major Wars in 20 years; and the GOP refused to pay for them. Three Major Recessions in the past 20 years; and all were caused by Loose Regulations; and A Republican asleep at the Wheel. All three caused by Selfish, and Greedy Predators; both Outside and Inside Government.

      • montanabill

        Ok, so just ignore the fact that President Bush tried to stop Barney Frank, Freddie/Fannie and CRA excesses. The whole collapse was his fault because he couldn’t over-ride the Democrat controlled Congress. And it was those nasty old, unregulated bankers who were voluntarily making bad loans just so they could make a profit. The Wall St. guys should have just eaten all that bad paper instead of trying anything to spread the risk. If you believe banks were voluntarily giving loans to people they knew couldn’t pay them back, then you will obviously believe anything Deutschlander writes.

        • http://pulse.yahoo.com/_KOPKDFAUQPIIRAFI3HEXNMSHLQ Ed

          I know bankers, and YES, I Believe!

          • montanabill

            You believe banks will give out money they have no hope of getting back. Interesting theory.

          • JSquercia

            The Banks sold them to Wall Street .THAT is why they didn’t care . The Outfits like Country Wide and their ilk made there money Up front on Fees and didn’t care about the quality of the loan since it was NEVER their intent to hold it .

          • montanabill

            Would you have held them? You are still ignoring the root of the problem. How the whole thing got started and why it wasn’t stopped in time.

          • LVSUNSHINE

            I am a real estate consultant and I lived through the days when banks made housing loans without knowing if the buyer could pay for the house. Just in my field, I know of agents that may only be selling one house a month but was approved to buy 7 or 8 properties for themselves without showing any salary documentation. That is what got the housing industry in the mess it is in. The housing industry is finally coming back in Las Vegas (one of the hardest hit) with inventory being at a 8 year low and sellers are finally able to sell their own homes without a short sale or foreclosure. I just purchased 4 properties for my investors this week – One was a new home and the other three were normal sales with the owner being able to sell his property and make a profit. We don’t need another Republican to get us into another mess that we are finally pulling out of.

          • montanabill

            The key point is always, why did the banks suddenly start approving loans they would not have approved in prior years. The answer is the push for ‘affordable housing’ and the Community Reinvestment Act. The Republicans were not blameless, but when it became clear that an enormous amount of bad loans were being made, Bush and McCain tried to put a lid on Fannie/Freddie and the whole process. They were thwarted by Barney Frank and the Democrats in control of Congress who maintained there was nothing wrong. That is fact.

          • http://profile.yahoo.com/7KQYALHYAXCFRX32AU6RZSFH64 Paleoconservative

            They had no hope of getting it back from the BORROWERS! They knew they could get if from the gov’t.

            Republicans are faux-nee (phoney) conservatives. They are pseudo conservatives. Busch, Cheyney, Romney, the lot of them are truly flaming LIBERALS!!!!

          • grammyjill

            yep, I believe it. They tried to give me one of those loans. The monthly payback was 300.00 more than we made but they were still trying to give us the loan. I guess my husband and I were smarter than they were, we walked away.

          • montanabill

            Good for you! Too bad hundreds of thousands of other people didn’t do the same.
            They were trying to give you the loan because they were under pressure to do so. If you had gone in a few years earlier, that would not have happened.

          • http://www.facebook.com/blake.faulkner.7 Blake Faulkner

            montanabill…you continue to wallow in partisan conservative ignorance…compounded by the usual puzzling arrogance. You could correct your own misconceptions if you opened your mind a little, put aside the partisan ‘belief’ thing, and let humility and curiosity and a willingness to correct your mistaken notions take over. It’s a good habit to get into, too. It’s easy to google good sources of info. if you try. Here’s the short version: Fannie Mae & Freddie Mac mortgages were only a very small part of the R.E./housing market at the height of the bubble…and it’s subsequent collapse. They were officially the ‘public’ side of the mortgage-backed securities market. Banks were encouraged to ease mortgage requirements only slightly to help borrowers who were almost (but not completely) qualified for a home loan, under then existing standards…late in Bill Clinton’s administration. That helped the economy and the housing market some at the time. Later, under ‘W’…it was the ‘private’ side of the mortgage-backed securities market that jumped in and took advantage of steadily rising home values. All kinds of sub-prime loans were eventually given out to grossly under-qualified borrowers…to keep the price/value bubble growing…The lenders (like JScercia explained) bundled lots of those bad mortgages and sold them enmasse to the ‘private’ securities sector which wrote securities with those bundled, bad mortgages as backing. They, in turn, bought default insurance on those securities routinely through AIG. These were credit default swaps. With default insurance on them, they became ‘assets’ and were even (falsely) given good credit ratings. Then they could be traded back and forth all over the world by bankers…When house prices stopped rising like they do in all cycles, the bad mortgages degraded the values of the insured securities(derivatives) backing them, they couldn’t be readily traded as assets any more…and soon lost their value as credits completely…becoming ‘toxic assets’. And AIG couldn’t pay off all their insured values either. But Fannie Mae and Freddie Mac securities were insured by the Fed…and had nothing of any significance to do with the unregulated private-sector finance-driven housing bubble and economic collapse.

          • montanabill

            You are right and went into far more detail than I cared to, but you are still glossing over the fundamental flaw that was the basis for the entire problem: the insistence that banks provide loans to people who could not afford them. You refer to it as ‘easing requirements’. Once that ‘easing’ started producing bad paper and construction euphoria, everything else followed. You also completely skipped over Barney Frank’s role in accelerating the situation and the attempts to rein the situation in, not that either party is blameless.
            Fannie/Freddie securities are insured by the Fed, however, we are the Fed and the potential liability is $5 trillion. Your statement about the Fannie/Freddie having little to do with unregulated private-sector finance driven housing bubble is one of those half truths. Especially, when you consider that December 2011, the Securities and Exchange Commission charged the former Fannie Mae and Freddie Mac executives, accusing them of misleading investors about risks of subprime-mortgage loans. According to one analyst, “The SEC’s facts paint a picture in which it wasn’t high-minded government mandates that did Fannie/Freddie wrong, but rather the monomaniacal focus of top management on marketshare. With marketshare came bonuses and with bonuses came risk-taking, understood or not.”

        • anyasnote

          Only stupid, gullible uneducated people will buy a house they can’t afford. It has nothing to do with Dodd/Frank. Dishonest lenders made a killing on idiots and they all lost their homes due toi their own stupidity. Why do you harp on stupid housing market but do not acknowledge that your hero Bush and CO and your future leader who bought the Presidency , almost destroyed the country.
          Per CBO 80% of deficit was done by Bush policies (medicare part D, 2 wars, tax cuts for the Corp. with 10% being the shortfall in revenues due to loss of jobs and caused the crash in 2008. Lets start what Repukes did to this country. Nixon – Watergate – left bad legacy except for ending Vietnam war.
          Reagan – Iran contra, running economy into a ditch, releasing criminals and mentally sick, amnesty for illegals. Bush – 2 wars 1 on a lie, 5K +US lives lost, over 250K (est. real ## not known)civilians dead and misplaced. Tax cuts for the job creamators, brought this country and middle class down. If Romney will be Pres all OF THIS ABOVE will repeat and MORE. He doesn’t give a shit about you and me and his country men. Which paert of his speeches you don’t get??? As John Wayne said. Life is tough. It’s even tougher when you are stupid”
          Proverb 14:5 (The Message)
          A true witness NEVER lies. A FALSE witness make a business of it”
          Romney LIES and that’s his BUSINESS and life accomplishments. I Vote on merits of a person and it has no difference to me if he or she is of a different party. SEMPER FI.

          • montanabill

            Stupid, gullible, uneducated people, hundreds of thousands of them did just that because Barney Frank was using the power of his office to threaten banks that would not approve loans to such people. That is why there are trillions of dollars worth of bad mortgages.

            Here is a pretty simple question. During Bush’s first years, could you go to a bank and get a mortgage loan by showing an income that couldn’t support the payments? The simple answer is NO. Was Bush in bed with Freddie/Fannie executives? Again, the answer is NO. If fact, they are currently working for Obama’s re-election campaign.

            Each of the instances of running an economy into a ditch was done at the hands of a Democrat controlled Congress after tax cuts had increased revenue to the government. The Dems simply went on a spending spree. Bush didn’t start either war without the approval of the Congress. Congress controls the purse strings. Democrats had control of the Congress his last two years.

            You can call Romney a liar all you want. In case you haven’t noticed, Obama’s nose is as long or longer. When you quit seething, ask yourself how a man who lies as much as you claim Romney does, can be as successful as he is, at so many things, for so long. It just can’t happen.

            Earlier, I predicted on these posts that if you re-elect Obama can can expect:

            $5-6/gal gas. (I need to revise that one upward already)
            $20+ trillion debt
            25 million unemployed or under employed. (that’s beginning to look low, too)
            Middle class incomes will continue to fall as will the number of middle class citizens.
            Inflation will appear to come from nowhere (we have and are planting the seeds)

        • http://www.facebook.com/warren.nicholson.77 Warren Nicholson

          You just proved danials’ point.

      • daniel bostdorf

        The article is about: “Global Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy”

        Nothing else.

        William “the nazis” Deutschlander (you misspelled your last FAUX name) It should be Deuschlander…..pathetic. Why do Germans call themselves Deuschlanders but others call them Germans?

        “montanabill” ??? So full of right wing propaganda, he can’t think for himself. He (and all other Romney apologists) is chained to the wall of ignorance like what Plato describes in his “Cave Allegory.”

        In the allegory, Plato likens people who are stupid to prisoners chained in a cave, unable to turn their heads. All they can see is the wall of the cave (ignorance). Behind them burns a fire. (truth) Between the fire and the prisoners there is a parapet, along which puppeteers (liars and propagandists) can walk.

        The puppeteers, who are behind the prisoners, hold up puppets that cast shadows on the wall of the cave. The prisoners are unable to see these puppets, the real objects, that pass behind them. What the prisoners see and hear are shadows and echoes cast by objects that they do not see.

        They see propaganda. Karl Rove operatives are unable to see these puppets….They are like the right wing nazis facists of today.

        I will watch these “prisoners of propaganda” and monitor and get back to you :-)

        ps Where’s “mustgo-obozomustgo?” At a Rove disinformation meeting?

        oh—just a quick reminder…if you forgot:

        Nazi propagandist Joseph Goebbels said it best:

        “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” (likeFox FAUX News, Limbaugh, Beck and Rove believe)

        or as Adolph Hitler stated:

        “Make the lie big, make it simple, keep saying it, and eventually they will believe it”

        Keep lying Mitt. And your “prisoners of propaganda.”

      • lemstoll

        Ok

    • http://pulse.yahoo.com/_KOPKDFAUQPIIRAFI3HEXNMSHLQ Ed

      To the GOP the american people are only “collateral Damage” in their campaign to stop Oboma by haing things remain bad. Although, the rich seem to be doin well.

    • 101strac

      Your assessment of our situation is 100% correct, as is your observation of the ill informed portion of our electorate who will cast a ballot for romney based on God knows what. It’s those people who worry me the most. I know, that in politics there is always some degree of false promises made by candidates hungry for a win, but romney and his crowd have taken the lies, cheating, and deception to a whole new level. Your well delivered message should be repeated often, right up to election day.

    • http://profile.yahoo.com/JRG7PSDQWGYNGQNYISZFGBDIGE cc

      yes obama mess up did very poorly on the debate yes this country has been in trouble for years daddy bush clinton son bush now obama now you really think this man did all of this please gave me abreak but american has to blame so one right mitt look like he got some major issue eyes are the window to a person soul as the old saying get your house in order ,and i dont mean clean it your soul cause we are in for a ride some on here made a joke a bout the holy spirit,, please try god get to know who he is this the person you will need in your life there are do much detraction going on obama lie mitt lie no nobody has the time the demon working hard to win cause a man running for office you think he victory in a debate dont jump out the fry pan in to the fire i want a man running the country that for the people senior,chilren middle class you think it bad now wait tell he close all the program that might have something to do with your love one when obama won 4 years ago one republicn made a statement that he will do good he said the house will not vote do your really think obama screw this up well you need to put it on some one why not .i pray this couutry vote for mitt will hurt us

    • B4Real2012

      Your comments give me HOPE that there are still enough SANE people in this world. I just want everyone to emphatically get out there and VOTE in theirs and our best interest. I absolutely could NOT take 1 second RomNuttsl. He is completely and utterly insufferable.

    • daniel bostdorf

      Oh—by the way…The latest swing state polls released tonight indicate that Obama will take the Electoral College.

      He will be re-elected.

      THIS is the real bright spot in a sluggish world economy.

    • onedonewong

      4 straight years of trillion deficits and your calling that a success???

      • lavorne46

        You are a sick dingdong. Follow the devil Mitt with his lie and deception
        and your poor … will be killing youself with Mitt as your leader. Be
        at war in 90 days. Every country will be bombing your …

        • onedonewong

          No with Mitt in the WH the US will return to its former status..either respected or feared. Unlike now where we are a target for every tin pot dictator. You think Libya or Iran would b where they are if w was still in the WH??? They would all be hiding under their rocks

    • http://profile.yahoo.com/JMT6C3LHLJDD4RX4NB4KY5ICAE gargray

      Yes William Montanabill lives in Montana which was saved from corruption by the democrat party, he lives there and doesn’t know the history of his state? Now it is republican they want to change the rules.

  • William Deutschlander

    I just have to relate this additional FACT. When ALL of our citizens, who seek employment are employed, we have a vibrant, healthy economy. When we have a vibrant, healthy economy, with full employment, the wealthy do exceptionaly well financialy.
    The moral of this fact is that the wealthy are so fanatic, so power hungry, so inept, that their actions are cutting their own incomes with their Republican initatives. Not a single Republican Administration has ever provided a vibrant, healthy economy!
    Don’t beleive me, check it out, get the facts, you will be suprised, it ain’t what the Republicans claim!

    • http://www.facebook.com/don.larson.923 Don Larson

      William D: You have been reading the Research. That can be dangerous to the Republicans. You are so right, with your assertion. Let’s give the Republicans two Reads: One is by a Nobel Prize Winner in Economics; and the other; a Book by two Pulitzer Prize Winners for Journalism. Next thing you know; the ill-read, and lazy Republicans will want us to supply the Titles of the Books! I know – - it is difficult leaving the, “Counting Room,” when the Money just keeps rolling in. One has his/her Priorities – - don’t’cha know?!

  • http://profile.yahoo.com/7TZ2EKK45PWYTS2ZTQW6NUQ3AM KalilA

    The econonmic headway in the States is better highlighted against the”obsructionist policies of a Republican dominated Congress.Balir,s legacy was a “shame Parliament”.Bush,s line is a shameless ,desructive and sometimes subvesive course of action.

  • http://www.facebook.com/taalibdin.shabazz Taalibdin Shabazz

    If a vote for Govenor Mitt Romney is cast, it will disastrous all the way around. The policies that
    Mitt wants will surely isolate us in the World, his approach will start wars that he ducked out on,
    and not one of his five sons have never attempted to join any branch of the military. His approach
    is to talk tough but not to partipate in the rhetoric he expouses, and it is ok to risk the lives of others as long as they do not belong to him or his immediate family. When it comes to the economy and jobs we cannot forget what happen under the leadership of another paper tiger so,
    less not make that error in Judgement again, America may not be able to take another hit like
    that. America is the only bright spot in the developed countries and this election is the most serious ever.

  • dranyamelknur

    If Romney wins: War in Libya, Syria and Iran. That’s why he wants $2 Trillion MORE for the Pentagon. At home: The safety net will be shredded. Wall Street, Filthy Fossil Fuels and the Big Banks will be deregulated. Remember his backers are basically the Bush bunch that bungled 9/11, the wars and the economy.
    The slow but steady economic and international progress we’ve made in Obama’s four years will be wiped out in weeks. We’ve been through this before but Romney won’t be starting with the vibrant economy Bush did and destroyed.

  • CPANY

    Further proof that the Republicans almost ruined the American economy by their cabal to deregulate the financial sector and to outsource jobs overseas.

    How could anyone below the wealthiest classes vote Republican until that bunch of neo Nazis is thrown out of power? The tendency of the poor and middle class whites to vote for Romney is testament to the racist bent of the American lower and middle classes.

  • http://pulse.yahoo.com/_KOPKDFAUQPIIRAFI3HEXNMSHLQ Ed

    So, Romney sees the glass half empty while the rest of the world sees our glass as half full. Interesting. Perhaps Romney has a vested interest in preaching gllom and doom. I know his stocks are doing well, the DOW has risen steadily.

  • ObozoMustGo

    Perfect example of the consequences of DemonRATic rule –> Detroit. Here’s some unfortunately not so shocking news from Detroit. Hat tip, NBC News Staff at NBC news dot com.

    The Detroit Police Officers Association is warning citizens and out-of-towners that they enter Detroit at their own risk, saying that the “grossly understaffed” and overworked police force cannot adequately protect the public in the increasingly violent city.

    “Detroit is America’s most violent city, its homicide rate is the highest in the country and yet the Detroit Police Department is grossly understaffed,” DPOA Attorney Donato Iorio told WWJ over the weekend. “The DPOA believes that there is a war in Detroit, but there should be a war on crime, not a war on its officers.”

    The most dangerous cities in America

    An analysis of the FBI’s Uniform Crime Report data from 24/7 Wall St. indicates that Detroit actually has the second-highest violent crime rate in the country, behind Flint, Mich. Homicide increased by 11 percent in 2011, while robbery and aggravated assault are fourth- and second-highest in the country, respectively, according to the report.

    This summer, city leaders cut the police department’s 2012-13 budget by $75 million, to about $340 million, in an attempt to reduce the city’s deficits, the Detroit Free Press reported. That forced the department to draw up a budget that will result in the loss of 380 positions through attrition and early retirement.

    Iorio told WWJ hundreds of officers have left the department since the start of summer.
    “Officers are leaving simply because they can’t afford to stay in Detroit and work 12-hour shifts for what they are getting paid,” Iorio told WWJ. “These police officers are beyond demoralized. … They can no longer afford to stay on the department and protect the public,” he said.

    According to the DPOA’s manifesto, Detroit police are the lowest paid of any big city and have to work in what Iorio describes as “deplorable, dangerous and war-like conditions.” About a month ago, a judge refused to block the pay cuts for the officers.

    “The state treasurer has threatened Detroit Police Officers with another 10% wage cut for going to court to protect their rights,” the DPOA manifesto reads.

    “The explosion in violent crime, the incredible spike in the number of homicides and for officers trying to work 12 hours in such deplorable, dangerous and war like conditions is simple untenable,” Iorio told WWJ.

    Renee Monforton of the Detroit Metro Convention and Visitors Bureau told NBC News that it’s unfortunate that the police union is using such tactics to move its agenda forward.

    “It’s offering an unfair portrayal of a city that’s made a lot of strides in the past couple of years,” she said, noting that companies such as Quicken Loans have recently moved their headquarters and offices to downtown Detroit.

    Getting people to come to Detroit can be a challenge, she said, but once visitors experience the city they are likely to return.

    “People who come here are so pleasantly surprised that we see a lot of repeat visitations,” Monforton said.
    ———————————–

    [click image to enlarge]

    Have a nice day!

    “Socialism is a philosophy of failure,
    the creed of ignorance, and the gospel of envy,
    its inherent virtue is the equal sharing of misery..”
    – Winston Churchill

    • RUKIDENME

      Aren’t u against gov.?

      • ObozoMustGo

        HiRuki. How are you? I hope all is well with you.

        To answer your question, which I have answered a thousand times around here…. of course not. You leftist freaks automatically think that anyone that believes that our Federal Gov’t has grown waaaaayyyyyyy out of control must be in support of anarchy. For, if they do not agree with you, they must hate government. This is the common theme amongst the leftists. Nothing could be further from the truth. I believe in:

        1) Constitutionally limited federal government
        2) Fiscal responsibility with the public treasury
        3) Free men making free decisions in a free market

        This does not mean no government. The debate we should be having in America is over what the proper role of the Federal Government should be in our lives. Funny, but a group men about 230 years ago actually did have this debate and they wrote it down in this little document they called The Constitution. Note that there is also the same debate that could be had by each of us in our states and in our local governments, and the answers ought to be different for each level of government.

        Hope this helps.

        Have a nice day, RUKI.

        “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.” ― Alexis de Tocqueville

        • RUKIDENME

          And I thought u were ranting about public servants being laid off in Detroit? Are u or aren’t u?

          • ObozoMustGo

            Ruki… no. The point was more broad. Detroit has been run exclusively by DemonRATS for 50+ years. The place is a disaster scene and the people there (not all) act like animals. This is what you get with DemonRAT rule.

            Have a nice day!

            “Democracy extends the sphere of individual freedom, socialism restricts it. Democracy attaches all possible value to each man; socialism makes each man a mere agent, a mere number. Democracy and socialism have nothing in common but one word: equality. But notice the difference: while democracy seeks equality in liberty, socialism seeks equality in restraint and servitude.” ― Alexis de Tocqueville

          • RUKIDENME

            So according to your logic the “DemonRATS” ruined Detroit. So, again according to your logic over 50% of the country is a disaster since the Democrats control those parts of this country. And the less than 50% of country that is controlled by Republican’s are doing well and not a disaster. Red states such as Mississippi have the highest unemployment, most uninsured, and receive more taxpayer dollars then they pay. Red states are like this… Keep hurling your insults. Now, get going the orderlies are looking for you. Time for your meds. Oh and when u reply could u end your post with a snappy quote unrelated to the topic.

    • 101strac

      Bozo, buddy, are you all right? Have you taken your temperature ? Checked your pulse? You don’t seem like the old Bozo we’ve all learned to dislike so much. In the previous 14 or so paragraphs, you did not once launch a personal attack against our President, his ethnicity, his citizenship, his party, on and on, ad infinitum. Could it be because, you saw with your own eyes what a lying, cheating, snake, romney really is? Naw, can’t be that. You’ve known all along he’s a lying, cheating, snake, and it didn’t keep you from politicking on his behalf, with a frenzy, I might add. The fact that this race is( considered by some to be) close, can only be attributed to the fact that a certain percentage of voters in all parties have no real idea why they’re casting their ballot for that particular candidate. They’re more influenced by personalities, than real issues. Anybody out there who earns $50,000 or less per year and still votes for romney is brain dead, in my opinion.

  • http://www.facebook.com/kay.travis2 Kay Travis

    We still have the opportunity to stay afloat and benefit our citizens, which many countries have already lost. I am praying that our country will show in their vote that they want our country to retain the leadership at the top which will continue to give us this opportunity! And while I’m at it, I’ll be praying for Amy through the birth process and the radical change in her life that the new little one will bring. The birth of our son is what I consider the high point of acccomplishment in my life. He has not ceased to be a wonderful gift from the Lord.

  • CAThinker

    Interesting… so the real purveyors of “Europe-ization” are Romney/Ryan – with all of their austerity talk (for the 99% of us anyway) that’s keeping other Governments in the dumper… I’m still a big believer in Paul Krugman – austerity does not solve economic woes, it exacerbates them… Okay, I’ll say it, if the only way to increase employment is to increase the size of the Government, that’s what we need to do… Add taxpayers to the base, even if they are on the Government nickel… Repair and maintain our infrastructure (roads and bridges)… And while they’re paying their taxes, those folks will be buying luxury goods (everything but staples), upgrading and replacing worn durable goods, taking vacations, and generating revenue in the private sector… creating new market demand… Anyway, Krugman is a good read and his answer makes the most sense…

  • http://profile.yahoo.com/7PK6LFBVLGT2PXUNGSJTCU3NMQ JoaoR

    I CAN’T UNFERSTAND WHY A SIMPLE DEBATE CAN GICVE ROMNEY A BUST,SINCE WE STIL HAVE TWO MORE TO GO AND THE ECONOMY SEEMS TO REBOUND!I THINK OBAMA DESERVES A SECOND TERM EVEM WITH HIS FIRST LOW DEBATE PERFOMANCE.REMEMBER THAT ROMNEY HAS BEEN PRACTICER SINCE LAST TIME WITH NEWT AND MORE..ANY WAY OBAMA HAVE MY VOTE.

    • http://www.facebook.com/fern.woodfork Fern Woodfork

      Mine Also And The Smart People Of The United States!!!

    • Toddy Telemarketer

      I agree.

  • http://profile.yahoo.com/X2KKGDYW2F5T5XUT6233KBNWSI robert

    It took eight years for America to be sunk into this mess. It didn’t happen overnight. It was a slow but sure process that wrecked the American economy. A quick fix won’t get us out of it. The measures taken by the Obama/Biden administration began slowly as plans were being carefully set in place to ensure recovery. What we are seeing are the yeilds of that careful planning. There will be more to come before the electins and long after the elections. America need to ensure that the right people are still there to continue that growth. VOTE AMERICA!!!!!!!!

  • http://pulse.yahoo.com/_6ZFSRC5BZOEI6BODPSNKIVOX4Q Nicklous

    Thank God for this good news and it comes in such a timely manner.

  • http://pulse.yahoo.com/_6ZFSRC5BZOEI6BODPSNKIVOX4Q Nicklous

    Great news.

  • elw

    Well no doubt the Republicans will spin this to mean the exact opposite or in Romney’s case take credit for it himself. Since he seem to be making a late campaign switch and adopting every policy the President has, why not.

  • http://pulse.yahoo.com/_KWMCTLJJ2FHD3NPDJG6TAD467I Jesse Fell

    The Romney Ryan team is advocating fiscal austerity measures along the lines of those enacted by the Europeans, with dismal results. The Prime Minister of England can only say, give it more time, give it more time — four years apparently not being enough.

    The Republicans have developed a remarkable ability to ignore objective reality when forced with the choice of acting with it as their premise, or acting with their cherished ideological beliefs as their premise.

  • daniel bostdorf

    Here come the Karl Rove paid fascist nazis operatives again…disractions and lies and off topic baloney.

    The article is about: “Global Index Praises U.S. As ‘Sole Bright Spot’ In Sluggish World Economy”

    Nothing else.

    William “the nazis” Deutschlander (you misspelled your last FAUX name) It should be Deuschlander…..pathetic. Why do Germans call themselves Deuschlanders but others call them Germans?

    “montanabill” ??? So full of right wing propaganda, he can’t think for himself. He (and all other Romney apologists) is chained to the wall of ignorance like what Plato describes in his “Cave Allegory.”

    In the allegory, Plato likens people who are stupid to prisoners chained in a cave, unable to turn their heads. All they can see is the wall of the cave (ignorance). Behind them burns a fire. (truth) Between the fire and the prisoners there is a parapet, along which puppeteers (liars and propagandists) can walk.

    The puppeteers, who are behind the prisoners, hold up puppets that cast shadows on the wall of the cave. The prisoners are unable to see these puppets, the real objects, that pass behind them. What the prisoners see and hear are shadows and echoes cast by objects that they do not see.

    They see propaganda. Karl Rove operatives are unable to see these puppets….They are like the right wing nazis facists of today.

    I will watch these “prisoners of propaganda” and monitor and get back to you :-)

    ps Where’s “mustgo-obozomustgo?” At a Rove disinformation meeting?

    oh—just a quick reminder…if you forgot:

    Nazi propagandist Joseph Goebbels said it best:

    “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” (likeFox FAUX News, Limbaugh, Beck and Rove believe)

    or as Adolph Hitler stated:

    “Make the lie big, make it simple, keep saying it, and eventually they will believe it”

    Keep lying Mitt. And your “prisoners of propaganda.”

  • http://www.facebook.com/nancy.snead.96 Nancy Snead

    yes i do believe that if it hadnt been for barack obama our country would have been in4 the worst depression ever he saved us even though the republicans keep saying and talking junk and lying he has done alot for our country and his country unlike mitt romney who will not help our country he is planning on taking us back to the 18th century with all of his crazy ideas and all of his stupid and ignorant talk and the idiots of our country believe all of his lies if anybody votes for this contemptous lier thug this racist our country will b destroyed and most of us will die because of mitt nut job romney i can never respect him infact i loathe the whatamacallit

  • http://pulse.yahoo.com/_AZUK56N4OJGWHRKJSJSDGFTOXI Butch

    Obama 2012. Slow and Steady wins the race. Not a flip-flopper! can you imagine ANOTHER republican in office? The lights would go out everywhere for a buck for their friends.

  • daniel bostdorf

    The latest swing state polls released tonight indicate that Obama will take the Electoral College.

    Percentages going higher to Obama.

    He will be re-elected.

    THIS is the real bright spot in a sluggish world economy.

  • onedonewong

    the worst US economy in 100 years and yet its better than anything Europe has to offer. Thank goodness that the republicans in Congress started the US on the road to recovery in 2010

    • SamR

      Let me see if I understand your viewpoint:
      1. The US economy is worse now than it was after Hoover in 1932, when unemployment was 25%.
      2. Even though the GOP did not take the House until November 2010—and thus were not sworn in until January 2011—they somehow went back in time to begin the recovery in 2010.

      This is why we can’t have nice things. Every time the GOP gets control of the government, they gut regulation, bankers start gambling with our money, things crash…and you guys learn nothing and want to go right back to the casino. Meanwhile, you freak out about investments in things like roads, bridges, and you know, actual infrastructure. You scream about the need to cut taxes on “job creators” even though the TMR has been cut from 91% under Ike to 35% under Bush/Obama—and the results have been negative. Sigh.

      • onedonewong

        Let me see if I understand you 1. unemployment is now 16% and was as high as 22% under Barak
        2. The recovery didn’t start until mid 2011, once businesses realize that socialism was over
        Why we can’t have nice things??? Well most people who want “nice things” go to work and earn them. Unfortunately the Dem base the 47% who don’t pay taxes want everyone else to buy them their “nice things”
        Unelected bureaucrats making rules and regulations cost the economy $2 Trillion a year and cost it 1,000,0000 jobs a year.
        Roads and bridges??? only 60% of the gas taxes collected go for building roads and bridges. the rest is sucked up by mass transit, union bloated wages and landscaping and bike trails.
        Govt doesn’t create jobs never have business will create jobs once they are sure that they know what their expenses are and where the economy is going. Under barak they have no intention of playing his lottery

    • http://profile.yahoo.com/X2KKGDYW2F5T5XUT6233KBNWSI robert

      What’s the matter with you? Are you stupid? You should listen to yourself! Didn’t your mother and father teach you better? Were you raised by wolves? You sicken me! But seriously, do you think that obstructionism is good politics? Do you think that the objective to fail an American president at the expense of ruining America and hurting the American people (including yourself) was patriotic? If you do, you’re just as treasonous as the GOP/Tea Baggers, their billionaire friends, and the Koch brothers. You should be ashamed of yourself.

      • onedonewong

        My mother and father taught me to be independent and not dependant on others. Just because your messiah has been on the dole all his life isn’t something I would encourage my children to emulate. You sound like 1 of those who has never had a job and lives on the efforts of others
        Obstructionism…unfortunately your right barak refuses to negotiate, that’s because he has zero experience and lacks maturity. the only treason I’ve see is this mooslim who has more US Casualties in 4 years than W did in 7

        • http://profile.yahoo.com/X2KKGDYW2F5T5XUT6233KBNWSI robert

          I’m a small business owner of an air conditioning and refrigeration service. I employ twenty technicians and pay taxes for my business, myself, and my employees. I’m doing very well, thank you. I’m in the process of securing ACA for my employees and myself, and they are looking forward to paying into a system that will protect them and their families. i can tell you’re an indoctrinated, selfish, treasonous ass-wipe of the republican/Tea Baggers because you use the same ole cliche garbage they spout. So, whose depend on whon, ass-wipe?

          • onedonewong

            Sure you do… your a typical dem who lives on the dole. The guy you work for is living off the taxpayer subsidies for his business. Just another welfare queer

  • http://profile.yahoo.com/6526ZZCMX6OGIDNF6U4WUWIYVM yahoo-6526ZZCMX6OGIDNF6U4WUWIYVM

    I think Mitt Romney is nothing but telling hornets lie to the innocent American People.

  • middleclasstaxpayer

    Let’s COMPARE Obama’s investments & job creation: Solyndra, LOST $550,000 Million & bankrupt, Ener 1, Bankrupt, Beacon Power, Bankrupt, Abound Solar, Bankrupt, Amonix Solar, bankrupt, Spectra Watt, bankrupt, Eastern Energy, bankrupt….NOTE: All these firms were BIG DONORS to Obama campaign in past. Total TAXPAYER MONEY LOST in above Obama investments…OVER $2 BILLION DOLLARS! Jobs created: NONE! Mitt Romney’s investment & job creating record: Invested in AMC Entertainment, Burger King, Burlington Coat, Clear Channel, Dominos, Dunkin Donuts, Guitar Center, Sports Authority, Staples, Toys r Us and Warner Music….RESULT: All firms thriving and almost ONE MILLION EMPLOYEES working & earning a living! It look like “free enterprise” WINS over Socialism!

  • bernieo

    “…governments’ inability to tackle deep-seated problems such as unsustainable public finances”

    Actually the problem is governments cutting spending at a time of severe economic downturn. Spain had a balanced budget before the crisis as did Ireland. They had housing bubbles fueled mainly by big Europeans banks, particularly German. Austerity measures are killing their economies, thereby depressing their tax revenues -people out of work don’t pay taxes- so now they are struggling with debt. The IMF as much as admitted it this week yet the “austerity works” crowd are still pusing their failed ideology.

  • 5johnhay5

    Nonsense . Australia is way and away in much better condition than any developed country in the World. I am pro American but there is a world outside.

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