What happened to all of the doom and gloom economic threads?

busybody said:

the so called President said that with the STIM PAK it wont go above 8% and without it it will go higher

or did you forget? NIGGER POON?

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Yeah they were wrong about how bad the Great Recession would be. So was the Republican party - nobody on the right predicted the seriousness of the recession - and if a few did, they didn't say anything needed to be done about it.

But because of the Stimulus we have 3M-4M more jobs than without it and a 9% unemployment rate instead of a nearly 11%, and a much greater GDP. And we started the recovery earlier. AJ's link demonstrates all of this and gives an impressive amount of evidence.

Hey POON CURRY

In the other thread,

You LIED

KNOWING THIS WAS TRUE

You lied

Makes you a NIGGER

busybody said:

NIGGERS bitch slapped


CBO Director Elmendorf rips Obama admin policies: ‘We don’t estimate speeches’
James Pethokoukis is live tweeting the House hearing on the CBO. And he is tweeting some gems, like:

At House Budget hearing, CBO admits that b/c of “gap in its toolkit” it assumes O price controls don’t impact quality of care

Elmendorf on whether CBO estimated new Obama budget framework: “We don’t estimate speeches”

CBO’s Elemdorf calls Obama’s cost-containment provisions “experiments.”

And this:

Boom Boom Pow! CBO’s Elmendorf: “Higher marginal tax rates do reduce economic activity .”

Plus this:

Ka-Blam! CBO Elmendorf: Raising tax rates on rich hurts more than raising tax on everyone else. (Dem wasn’t expecting that answer)

Those last two pretty much destroy the Democrats’ position in the debt talks, since they want to raise taxes and consistently demagogue raising taxes on the rich. Their own CBO director says the Democrats’ whole policy is destructive.

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BusyShit in a rare moment rocking newly starched sheets straight from the cleaners. Crisp n' clean!

mercury14 said:

Aj, where did you go? Finally admitting you were wrong? Way to pull an "Oh FUCK" and just pretend like you didn't just prove yourself wrong with your own source.

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Go back and reread.



It's a confirmation of Bastiat.

It does not say that a Depression was going to occur. You keep looking only for that which you wish to find, a knight in shining armor.
__________________
There will be no medieval magic when one turns to government to be their champion. Government is not a shining knight on a strong horse; it is a night mare.
A_J, the Stupid

mercury14 said:

Yeah they were wrong about how bad the Great Recession would be. So was the Republican party - nobody on the right predicted the seriousness of the recession - and if a few did, they didn't say anything needed to be done about it.

But because of the Stimulus we have 3M-4M more jobs than without it and a 9% unemployment rate instead of a nearly 11%, and a much greater GDP. And we started the recovery earlier. AJ's link demonstrates all of this and gives an impressive amount of evidence.

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Praxeology.

Fear made it worse; the election of a Democrat super-majority, the effects which we still feel today as testimony from Bernake clearly shows; he applied all his best Keynesian modeling to produce a solution that did not work and he is mystified, mystified to find that it did not work...

As my link said, there was a temporary benefit that has gone away leaving us with the reality that we should have faced the first time, that there is no such thing as too big to fail.

U.S. consumer spending in May at low point for nearly a year


Opps

Consumers must be MOODY BLUE

The Real Analogy Is Having Your Cake And Eating It, Too.

Americans Bought The Promise That Material Prosperity Is Possible Without Costs, That You Can Borrow From Both Peter And Paul, And Repay Neither.

JAMESBJOHNSON said:

The Real Analogy Is Having Your Cake And Eating It, Too.

Americans Bought The Promise That Material Prosperity Is Possible Without Costs, That You Can Borrow From Both Peter And Paul, And Repay Neither.

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From Harry Truman to Jimmy Carter Democratic and Republican presidents paid down the national debt as a percentage of gross domestic product. It was Ronald Reagan who sold Republicans on the idea that tax cuts are a free lunch. Unfortunately, most Republicans still think that way, despite the experience of thirty one years.

http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

Frisco_Slug_Esq said:

Praxeology.

Fear made it worse; the election of a Democrat super-majority, the effects which we still feel today as testimony from Bernake clearly shows; he applied all his best Keynesian modeling to produce a solution that did not work and he is mystified, mystified to find that it did not work...

As my link said, there was a temporary benefit that has gone away leaving us with the reality that we should have faced the first time, that there is no such thing as too big to fail.

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No, your very own link says we're +3 million to +4 million jobs ahead of where we'd be without the stimulus and miles ahead in terms of recovery. Nothing Keynsian about it either.

Own it.

This reminded me of POON CURRY and UD

New study says city life puts you at higher risk of mental illness. Maybe that explains all those Democrat mayors.

Two seemingly unrelated facts come to play in this story. (1) Albert Einstein said that doing the same thing over and over and expecting different results is the definition of insanity. (2) A list of America’s poorest cities shows that they continue to elect Democrat mayors over and over again for decades.


To sum this study up in plain English, people who live in big cities are friggin' nuts

Now, you may think this is just an amusing coincidence, but a new study by Andreas Meyer-Lindenberg, a psychiatrist at German’s Central Institute of Mental Health says, “Hey, you may be onto something there.”

Meyer-Lindenberg’s findings, published in the June 23 issue of Nature, show that city life generates mental illness:

Compared to their rural counterparts, city dwellers have higher levels of anxiety and mood disorders. The schizophrenia risk of people raised in cities is almost double. Literature on the effect is so thorough that researchers say it’s not just correlation, as might be expected if anxious people preferred to live in cities. Neither is it a result of heredity. It’s a cause-and-effect relationship between environment and mind.

With that in mind, let’s quickly review that list of America’s ten poorest cities and their histories of electing Democrats:

Detroit, America’s poorest city, hasn’t elected a Republican mayor since 1961.

Buffalo, America’s second poorest city, hasn’t elected a Republican mayor since 1954.

Cincinnati, America’s third poorest city, hasn’t elected a Republican mayor since 1984.

Cleveland, America’s fourth poorest city, hasn’t elected a Republican mayor since 1989.

Miami, America’s fifth poorest city, has never elected a Republican mayor.

St. Louis, America’s sixth poorest city, hasn’t elected a Republican mayor since 1949.

El Paso, America’s seventh poorest city, has never had a Republican Mayor.

Milwaukee, America’s eighth poorest city, hasn’t elected a Republican mayor since 1908.

Philadelphia, America’s ninth poorest city, hasn’t elected a Republican mayor since 1952.

Newark, America’s tenth poorest city, hasn’t elected a Republican mayor since 1907.

Looks like Michael Savage was right when he said, “Liberalism is a mental disease.”

I need to read more Keynes cus everything I've read so far suggests he'd hate OBama economics for being stupid and spending money you don't have.

The real problem is that our elites are operating on Modern Monetary Theory and the rest of us are operating on Austrian economics.

The_Trouvere said:

From Harry Truman to Jimmy Carter Democratic and Republican presidents paid down the national debt as a percentage of gross domestic product. It was Ronald Reagan who sold Republicans on the idea that tax cuts are a free lunch. Unfortunately, most Republicans still think that way, despite the experience of thirty one years.

http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms

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and we have your obama out spending like a 13 year old with her fathers American Express CC not worried about who will pay the bills. so how is that obama working out for you?

so we have government nut jobs like yourself who love obama
we have union workers that love obama
the big question is, where is the rest of America? I'm thinking if there is a strong Rep runner, obama doesn't stand a chance as obama has proven he's an "insider" and doesn't stand by his words.

that the obama way, is killing America. each day, more and more people are waking up the the obama nightmare you call a socialist dream

but wouldn't expect anything else from you

mercury14 said:

No, your very own link says we're +3 million to +4 million jobs ahead of where we'd be without the stimulus and miles ahead in terms of recovery. Nothing Keynsian about it either.

Own it.

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No, it does not.

The problem you have when you step in and try to stop a bubble burst by breaking a glass pane is that you delay the corrections which must happen which exacerbates the problem down the road.

The stimulus failed and we are sinking back towards correction.

UBS surveyed more than 80 central bank reserve managers, sovereign wealth funds and multilateral institutions with more than $8,000bn in assets at its annual seminar for sovereign institutions last week. The results were not weighted for assets under management.

The results are the latest sign of dissatisfaction with the dollar as a reserve currency, amid concerns over the US government’s inability to rein in spending and the Federal Reserve’s huge expansion of its balance sheet.

“Right now there is great concern out there around the financial trajectory that the US is on,” said Larry Hatheway, chief economist at UBS.

The US currency has slid 5 per cent so far this year, and is trading close to its lowest ever level against a basket of the world’s major currencies.

Holders of large reserves, most notably China, have been diversifying away from the dollar. In the first four months of this year, three quarters of the $200bn expansion in China’s foreign exchange reserves was invested in non-US dollar assets, Standard Chartered estimates.

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The stimulus, by expert testimony was going to keep unemployment under 8% and begin creating half a million dollars a month beginning last summer; it did not, therefore you cannot argue that the stimulus was either successful, or prevented a Depression, that is the stuff of conjecture because we still may be sliding into recession for the simple addition of money did not alter the behavior of the segment of our economy most important to our economy because they are under siege knowing that as soon as they show signs of recovery, this administration's goal is to make them responsible for paying off a debt the neither incurred or asked for so that no significant shared sacrifice has to be made by the private sector, the looters, who need to keep the moochers serviced in order to create "demand" and the magic eight-ball million-man math economic miracle government spending's "multipliers..."
__________________
You loot the private sector, strip every dollar of 40¢ for overhead, and then give the other 60¢ to your political base in order to revitalize the looted.

What's not to like about that plan?
A_J, the Stupid

rosco rathbone said:

The real problem is that our elites are operating on Modern Monetary Theory and the rest of us are operating on Austrian economics.

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Indeed and the former has brought many a great nation to its knees, but it satisfies the intellectual stimulus that a dilettante needs in order to form the sound moral basis for looting the rewards of success and turning it into government largess.

__________________
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."
Frederic Bastiat

Frisco_Slug_Esq said:

Indeed and the former has brought many a great nation to its knees, but it satisfies the intellectual stimulus that a dilettante needs in order to form the sound moral basis for looting the rewards of success and turning it into government largess.

__________________
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."
Frederic Bastiat

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I'm not so sure Obama has any idea what's going on. His words indicate confusion...or craft. Who knows?

His henchmen obviously understand the latitude that controlling the worlds' reserve currency gives them, but they'd prefer that the rest of us continue on with outdated notions of the monetary system that apply to the gold standard.

rosco rathbone said:

I'm not so sure Obama has any idea what's going on. His words indicate confusion...or craft. Who knows?

His henchmen obviously understand the latitude that controlling the worlds' reserve currency gives them, but they'd prefer that the rest of us continue on with outdated notions of the monetary system that apply to the gold standard.

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Robert Zoellick, president of the World Bank, last year proposed a new monetary system involving a number of major global currencies, including the dollar, euro, yen, pound and renminbi.

The system should also make use of gold, Mr Zoellick added. The results of the UBS poll also point to a growing role for bullion, with 6 per cent of reserve managers surveyed saying the biggest change in their reserves over the next decade would be the addition of more gold. In contrast to previous years, none of the managers surveyed was intending to make significant sales of gold in the next decade.

Central banks have bought about 151 tonnes of gold so far this year, led by Russia and Mexico, according to the World Gold Council, and are on track to make their largest annual purchases of bullion since the collapse in 1971 of the Bretton Woods system, which pegged the value of the dollar to gold.

The reserve managers predicted that gold would be the best performing asset class over the next year, citing sovereign defaults as the chief risk to the global economy.

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http://www.ft.com/intl/cms/s/0/23183a78-a0c6-11e0-b14e-00144feabdc0.html#axzz1QZHErV4t

I do, however believe he is confused by the outcome of the gathering of so many brilliant academic minds...

Frisco_Slug_Esq said:

I do, however believe he is confused by the outcome of the gathering of so many brilliant academic minds...

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Have you heard of England?

how is it that Merc is unable to see the big picture? I would love to interview him and see what makes that guy tick. is it show? does he fully believe in his comments?

Frisco_Slug_Esq said:

No, it does not.

The problem you have when you step in and try to stop a bubble burst by breaking a glass pane is that you delay the corrections which must happen which exacerbates the problem down the road.

The stimulus failed and we are sinking back towards correction.



The stimulus, by expert testimony was going to keep unemployment under 8% and begin creating half a million dollars a month beginning last summer; it did not, therefore you cannot argue that the stimulus was either successful, or prevented a Depression, that is the stuff of conjecture because we still may be sliding into recession for the simple addition of money did not alter the behavior of the segment of our economy most important to our economy because they are under siege knowing that as soon as they show signs of recovery, this administration's goal is to make them responsible for paying off a debt the neither incurred or asked for so that no significant shared sacrifice has to be made by the private sector, the looters, who need to keep the moochers serviced in order to create "demand" and the magic eight-ball million-man math economic miracle government spending's "multipliers..."
__________________
You loot the private sector, strip every dollar of 40¢ for overhead, and then give the other 60¢ to your political base in order to revitalize the looted.

What's not to like about that plan?
A_J, the Stupid

Click to expand...

Byron In Exile said:

Have you heard of England?

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Well, I've never been to Spain...

rosco rathbone said:

I'm not so sure Obama has any idea what's going on. His words indicate confusion...or craft. Who knows?

His henchmen obviously understand the latitude that controlling the worlds' reserve currency gives them, but they'd prefer that the rest of us continue on with outdated notions of the monetary system that apply to the gold standard.

Click to expand...

Frisco_Slug_Esq said:

http://www.ft.com/intl/cms/s/0/23183a78-a0c6-11e0-b14e-00144feabdc0.html#axzz1QZHErV4t

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I have not been keeping up with this thread. What is to keep us from going back to the gold standard?

NeverEndingMe said:

how is it that Merc is unable to see the big picture? I would love to interview him and see what makes that guy tick. is it show? does he fully believe in his comments?

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He's just a simple, humble, normal cherry farmer who is very liberal in the belief that the cherry creates the tree...

Here's a golden oldie for rosco this good morning vietica!

__________________

Frisco_Slug_Esq said:

AJ: I live in an oak forest...

firespin: AJ, I'm standing in front of this tree and it's clearly a walnut, you don't live in an oak forest.

AJ: A forest will have more than one type of tree, but one usually predominates.

fs: All I see is this fucking Walnut tree! You're misusing the term Oak. It's just a forest.

AJ: 90% of the trees are oak.

fs: Now, you're just redefining the terms... We can't go any further with this conversation until you admit that this is a walnut tree...

AJ: Yes firespin, it's a walnut tree.

fs: Then you lied, you're stupid, you're inconsistent, and you make NO sense what-so-ever...

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Johnny_Ray_Wilson said:

I have not been keeping up with this thread. What is to keep us from going back to the gold standard?

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Couple problems, like how to value the gold and the fact that a gold standard would be taking power away from very powerful people.