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

Status
Not open for further replies.
Promises, Promises

By Peter Kirsanow

For the last five years, candidate Obama and President Obama repeatedly assured Americans earning less than $250,000 a year that their taxes wouldn’t go up — “not one cent.” Only “millionaires and billionaires” would see their taxes increase. It’s January 7, 2013, and most people making over $50,000 a year have discovered that, somehow, they’re paying more in taxes.

Four years ago, the Obama administration promised that if Congress passed the $814 billion stimulus bill, the unemployment rate today would be 5.2 percent. Instead, the unemployment rate has never been below 7.8 percent since Obama took office. In fact, as James Pethokoukis notes, had millions of workers not dropped out of the workforce since Obama’s inauguration, the unemployment rate today would be 10.7 percent — more than double the rate promised. And good luck searching for all the infrastructure built with stimulus money.

Three years ago, during the height of the Obamacare “debate,” Obama promised that health-insurance premiums for the average household would go down $2,500. Today, insurance premiums are up $3,000 and industry analysts expect rates to rise even further.

Two years ago, Obama said he couldn’t (and implied that he wouldn’t) implement amnesty for illegal immigrants . . .

Last year, Obama stated emphatically that Iran would not be permitted to develop nuclear weapons . . .

Up until the October 16, 2012, presidential debate Obama assured Americans that he wasn’t coming after anyone’s guns . . .

And the Hill reports today that President Obama’s congressional allies, fresh off of raising taxes only on millionaires and billionaires, will be seeking an additional $1 trillion in taxes this year through “tax reform . . .”

Hide the women and children. And your wallets, guns . . .
 
SOCIAL SECURITY CRISIS: The Little People Are Living Too Long.




:cool: Well, ObamaCare will fix that. . . .

:cool:
 
Dems Eye $1 Trillion Tax Hike

DEMS EYE $1 TRILLION TAX HIKE



https://encrypted-tbn1.***********/images?q=tbn:ANd9GcTTfyY4tfriFA4YRTonVcMhd7uN79HekK19P9ViFEnapI85fI05
 
SOCIAL SECURITY CRISIS: The Little People Are Living Too Long.




:cool: Well, ObamaCare will fix that. . . .

:cool:

I can't remember if it was here on lit are another place said we should lower the age for social security for black americans they don't live as long.
 
Arizona Losing Millions As A Result Of Anti-Immigration Law

By Annie-Rose Strasser on Jan 2, 2013 at 12:31 pm

As President Obama starts off 2013 with a goal of enacting comprehensive immigration reform, states that have tried to pass their own laws on the issue are suffering the ill effects of a broken immigration system. The latest example? Officials in Phoenix, Arizona are having a hard time attracting new businesses to the city, and they say Arizona’s harsh immigration law is a big part of the reason why.

The Arizona Republic has a long story exploring the suffering convention center in Phoenix, and the quotes from some local politicians show serious dismay over SB 1070, the anti-immigration law that was partially struck down by the Supreme Court last year. The law gained infamy for its ‘show me your papers’ provision, which allows law enforcement to ask for proof of residency from anyone stopped for any other reason.

Phoenix officials blame the law for the slowdown in business activity:

Projected bookings for the Phoenix Convention Center are down by as much as 30 percent for the current fiscal year compared with 2009. The city projects about 184,300 convention guests, down from a high of about 275,400 in the 2009 budget year — a difference of about $132 million in direct spending, according to the city.

Meanwhile, other cities with comparable convention facilities, including San Diego, Denver, San Antonio and Salt Lake City, have experienced a different trend. In those locales, guest counts are slowly rebounding or relatively flat.[...]

“The misperception that our city does not value diversity continues to be an impediment to attracting national convention groups,” said Scott Dunn, a spokesman for the Greater Phoenix Convention and Visitors Bureau. “In some cases, the damage from what happened in 2009 or 2010 won’t wash ashore until 2013 or 2014.” [...]

Tracking losses tied to SB 1070 is difficult. But convention and tourism officials say it has been a frequent issue in discussions with prospective convention groups, including several that have said they will not consider Arizona because of the law.


In 2010, right after Arizona’s immigration law passed, the Center for American Progress estimated the economic losses, brought on by companies abandoning the conference industry in Arizona in the wake of SB 1070, would be $141 million for the first few months alone. It also estimated that, “Arizona businesses will lose $76 million in direct revenue from decisions not to book in Arizona in the future.” These estimates are proving true.

Other factors are influence business at the Phoenix convention center, but the losses at the Phoenix convention center just add more evidence to the argument that harsh immigration laws are, simply, bad economics.


http://thinkprogress.org/justice/2013/01/02/1385351/phoenix-convention-losses-sb1070/


Say what, now?

A "misperception" over diversity not being valued in Arizona?

tumblr_mebngmoBje1qhyyq8o4_250.gif


OH GEE WONDER HOW THAT HAPPENED.
 
What's with the multi-coloured font, trysail?

I would explain the dynamics of alternating spectrum shifts and the importance of optical cognition of differing voices to you, but like so many here, you wouldn't understand, much less comprehend. If you can't see it, I certainly can't help you.

192.gif


scatter-500x363.png


graph.jpg


755px-US_Employment_Graph_-_1920_to_1940.svg.png
 
If I'm reading that scatter diagram correctly, you're telling me that NPR is biased and that there's a sucker born every minute?

I think noted economist and author of The Intelligent Investor, Benjamin Graham, said it best, "Zumi, shut the fuck up and post more PAWGs."
 
AUSTIN, Texas (AP) - The state comptroller estimates that Texas will generate $96.2 billion in general revenue in 2014-2015, a major jump in tax collection from the last two-year budget cycle.

Republican Comptroller Susan Combs on Monday was releasing her biennial revenue estimate. The crucial number sets the limit on what lawmakers can spend for 2014 and 2015, when Democrats and teachers hope to reverse, or at least bandage, deep cuts in the current budget that included $5.4 billion slashed from public education.

Combs reported Monday that the state collected $8.8 billion more revenue during the current 2012-2013 revenue cycle than she initially forecast, giving lawmakers breathing room in settling a $5.2 billion deficit in the current budget.

"Texas experienced a very strong rebound from a severe recession," Combs said.

Over the next two years, Combs expects more than $3.6 billion will automatically go into the Rainy Day Fund, which is available to lawmakers when needed. That will leave $92.6 billion for lawmakers to divvy out.

But that doesn't mean they will spend all of it.

Lawmakers don't have to spend all the money Combs says is available - and chances are they probably won't. Gov. Rick Perry and Lt. Gov. David Dewhurst have promised to limit any increase in state spending to a sum of population growth plus inflation, or 9.85 percent.

Under current conditions, their plan would create a general revenue budget of $89.29 billion. Combs' estimate
in January 2011 was $72.2 billion in general-purpose spending available.

Texas' economy is humming again after lawmakers in 2011 wrote a cut-to-the-bone budget as the nation lurched out of the Great Recession.

At the time, unemployment in the state was the highest in a decade and the Legislature faced a $27 billion shortfall. But unemployment now is at a four-year low of 6.2 percent, sales tax receipts are skyrocketing and money is pouring into state coffers behind a new energy boom.

I say good now lower are sales tax and return any unused money back to us.
 
Texas also has poor educational outcomes and the highest percentage of uninsured citizens of any state at 26.3% as of the census, likely pushing 30% today. And that's counting people with terrible insurance that doesn't cover anything as "insured". And Rick Perry is currently blocking the Obamacare Medicaid expansion in his state even though it's paid for by the federal government and helps working Texans.

Conservatives like to hold up Texas as a shining example of conservative economics. But what they fail to mention is that the state has a constant windfall of natural resources. I'd like to see the same principles applied in Minnesota. Regardless, Texas is something like 300 billion in debt and is trying to close their gap by cutting even more Medicaid and suspending their own laws saying K-4 class sizes have to be limited to 22 kids or less and teacher-student ratios can go to hell.
 
Last edited:
Damn;

you just bitch slapped 'em.

Settle down, their geriatric bones can't handle a beating like that.



Arizona Losing Millions As A Result Of Anti-Immigration Law

By Annie-Rose Strasser on Jan 2, 2013 at 12:31 pm

As President Obama starts off 2013 with a goal of enacting comprehensive immigration reform, states that have tried to pass their own laws on the issue are suffering the ill effects of a broken immigration system. The latest example? Officials in Phoenix, Arizona are having a hard time attracting new businesses to the city, and they say Arizona’s harsh immigration law is a big part of the reason why.

The Arizona Republic has a long story exploring the suffering convention center in Phoenix, and the quotes from some local politicians show serious dismay over SB 1070, the anti-immigration law that was partially struck down by the Supreme Court last year. The law gained infamy for its ‘show me your papers’ provision, which allows law enforcement to ask for proof of residency from anyone stopped for any other reason.

Phoenix officials blame the law for the slowdown in business activity:

Projected bookings for the Phoenix Convention Center are down by as much as 30 percent for the current fiscal year compared with 2009. The city projects about 184,300 convention guests, down from a high of about 275,400 in the 2009 budget year — a difference of about $132 million in direct spending, according to the city.

Meanwhile, other cities with comparable convention facilities, including San Diego, Denver, San Antonio and Salt Lake City, have experienced a different trend. In those locales, guest counts are slowly rebounding or relatively flat.[...]

“The misperception that our city does not value diversity continues to be an impediment to attracting national convention groups,” said Scott Dunn, a spokesman for the Greater Phoenix Convention and Visitors Bureau. “In some cases, the damage from what happened in 2009 or 2010 won’t wash ashore until 2013 or 2014.” [...]

Tracking losses tied to SB 1070 is difficult. But convention and tourism officials say it has been a frequent issue in discussions with prospective convention groups, including several that have said they will not consider Arizona because of the law.


In 2010, right after Arizona’s immigration law passed, the Center for American Progress estimated the economic losses, brought on by companies abandoning the conference industry in Arizona in the wake of SB 1070, would be $141 million for the first few months alone. It also estimated that, “Arizona businesses will lose $76 million in direct revenue from decisions not to book in Arizona in the future.” These estimates are proving true.

Other factors are influence business at the Phoenix convention center, but the losses at the Phoenix convention center just add more evidence to the argument that harsh immigration laws are, simply, bad economics.


http://thinkprogress.org/justice/2013/01/02/1385351/phoenix-convention-losses-sb1070/


Say what, now?

A "misperception" over diversity not being valued in Arizona?

tumblr_mebngmoBje1qhyyq8o4_250.gif


OH GEE WONDER HOW THAT HAPPENED.

I would explain the dynamics of alternating spectrum shifts and the importance of optical cognition of differing voices to you, but like so many here, you wouldn't understand, much less comprehend. If you can't see it, I certainly can't help you.

192.gif


scatter-500x363.png


graph.jpg


755px-US_Employment_Graph_-_1920_to_1940.svg.png
 
Damn;

you just bitch slapped 'em.

Settle down, their geriatric bones can't handle a beating like that.

There was a similar article recently about Alabama's agricultural economy. After they passed the "fuck you beaners!" law last year, they found out that no deserving white folks would pick crops at the wages being offered by farmers. Something like 5% of the entire Alabama ag crop rotted in the field this year, and domestic vegetable prices were the highest in year.

But hey, the tree of xenophobia must occasionally be watered with the blood of inflation (and the fertilizer of ignorance).
 
Yeah farmers didn't want to compete fairly in the market place so they hire illegal aliens who will work for less than most Americans. If farmers had to pay American labor rates and food prices went up against the demand to unacceptable levels, an entrepreneur would come along and invent a piece of equipment that would do the whole job for less, resulting in lower prices to the consumer and we could progress as a nation. BUt oh no, we have to think like Chief Swinehumps and those at the trough.:rolleyes:

You really are a dumbfuck.

Hiring undocumented workers is no different (better actually) than outsourcing labor to China.

That IS the free market.

:rolleyes:
 
an entrepreneur would come along and invent a piece of equipment that would do the whole job for less, :

Wow, who knew there were inventors just waiting for the right time to introduce their lettuce-picking and grape-picking machines. Thanks so much.:rolleyes:
 
Morning Bell: The Slow Dismantling of Obamacare

Amy Payne

January 7, 2013 at 8:53 am

Things aren’t going so well for Obamacare.

Even Democrats in Congress aren’t huge fans any more. It seems after passing the law and finding out what’s in it, the allure has faded—so much so that Congress actually repealed part of Obamacare in the fiscal cliff deal last week.

That’s right—part of Obamacare has been completely undone. It was the Community Living Assistance Services and Supports (CLASS) Act, essentially a new entitlement program for long-term care. But this new government program for people who end up needing assisted living or other long-term services was poorly designed and bound to fail, as Heritage’s Alyene Senger explains.

“CLASS was a bad deal for both taxpayers (who would likely have had to bail out the program) and beneficiaries (who would be better served by choosing among private options),” Senger wrote.

The program was so poorly designed that one of its own administrators warned Congress in 2011 that the program could collapse.

This is just one example of how poorly thought out Obamacare was—but this example so captured Congress’s attention that it spurred action. Another part of Obamacare that just took effect, the medical device tax, started making some Senators uneasy before it was scheduled to begin.

A group of 18 Senators, including such outspoken Democrats as Al Franken (MN), John Kerry (MA), Charles Schumer (NY), and Debbie Stabenow (MI), asked Majority Leader Harry Reid (D-NV) to delay the tax, which falls on every item used in medical treatments, from stents to syringes, IV tubes, and prosthetics.

As Heritage senior policy analyst Curtis Dubay noted, this tax will mean more than just higher prices:

Depending on how these businesses pass the tax on, it could result in higher prices for their customers (e.g. patients), lower returns to their shareholders, or fewer jobs for their workers. As we explained earlier, evidence is mounting that it is their workers that will bear the brunt of the tax.
More taxes, higher prices, and lost jobs—no wonder the Senators wanted to delay it! If only they had considered those effects before many of them voted for Obamacare in the first place.

The medical device tax is only one of five of the new taxes that start in 2013 and one of the 18 tax hikes spread throughout Obamacare. Many of these tax hikes, like the medical device tax, will hit hard-working Americans.

Even Democratic governors are unsure about this law. Many governors are weighing the costs of setting up a state health exchange and expanding their already troubled Medicaid programs. The nation’s governors, like the U.S. Congress, are figuring out that Obamacare is an unworkable monstrosity.
 
Status
Not open for further replies.
Back
Top