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

[trysail]

I am always amused by efforts of pols and politicos to grab credit or blameshift where the economy is concerned. I found Clinton & Co.'s efforts to claim credit for the recovery that occured after the 1991-2 recession particularly offensive for its patent falsity. That little fucking shrimp Secretary of Labor, Robert B. ( does the "B" stand for Bigmouth? ) Reich was the worst windbag credit-grabber I've ever run across— what a little shit! Recessions and the natural recoveries that occur in their wake are as predictable and natural as sunrise and sunset.


... and that's all I've got to say about it ( note date of post and the fact that it has not been edited ):
http://forum.literotica.com/showpost.php?p=30361722&postcount=8


http://forum.literotica.com/showthread.php?t=644221

 

[Frisco_Slug_Esq]

I have no idea...

We're still 2 points above 10,000...




Everything's all right,
Yes everything's fine!
And we want to to sleep well at night!

Why waste your breath moaning at the crowd?
Nothing can be done to stop the shouting!
If every tongue were stilled the noise would still continue,
The rocks and stones themselves would start to sing!

OH! Bama hey bama, bama, bama, ho!
Bama hey bama OH! Bama!


See me! Hear me! Touch me! Fear me!

Right before you, I sell the slogan,
Gazing at you, I speak no truth,
Following me, you get excited,
Listening to me, you get so fearful...

I have got you, right where I want you!
I have got you, feeling with me,
I can take you, and make you follow,
I can take you, for all you're worth!

 

[Frisco_Slug_Esq]

Robert B. Reiccccccccccccccchhhhhhhhhhhhhhhhhh................

 

[unregistered]

 

[Frisco_Slug_Esq]

He has a matching diminutive intellect to go along with the floor clearance of his leg swing at the dinner table as well.

Polite *chuckle*

 

[koalabear]

As the Euro begins to crash, who will UD and KO point to as their idol for economic success?

Chairman Mao.

 

[unregistered]

 

[Frisco_Slug_Esq]

Economicgate




Cooking the books like Fannie Mae...


FDR: Revolutions

 

[Frisco_Slug_Esq]

You want to stimulate the economy when it's in a recession. But only a quarter of the money in the package was spent in the first seven months. Most of it was scheduled for this year and next—which turns out to be long after the economy resumed growing last summer. In the fourth quarter, gross domestic product expanded at a sizzling 5.7 percent rate.

Applying fiscal stimulus at this point is like using a cattle prod on Usain Bolt. Even with the encouragement, he's not likely to go any faster.

Steve Chapman
Reason.com

But you might be able to buy some House and Senate seats with the money...

 

[Ulaven_Demorte]

Steve Chapman
Reason.com

But you might be able to buy some House and Senate seats with the money...

Careful Cap'n Slug.. you just quoted someone that said the economy has been in recovery for several months.. You wouldn't want to prove me right wouldya?

 

[Ulaven_Demorte]

Ruh Roh Vette... So much for your hoping employment went down again..

The unemployment rate dropped unexpectedly in January to 9.7 percent from 10 percent.

The unemployment rate dropped from 10 percent because a survey of households found the number of employed Americans rose by 541,000, the Labor Department said Friday.

 

[Frisco_Slug_Esq]

Careful Cap'n Slug.. you just quoted someone that said the economy has been in recovery for several months.. You wouldn't want to prove me right wouldya?

DOW down another 140 as I type...



Too bad we're not like Europe; more socialist and economically healthy thanks to UHC...

 

[Frisco_Slug_Esq]

Ruh Roh Vette... So much for your hoping employment went down again..

The unemployment rate dropped unexpectedly in January to 9.7 percent from 10 percent.

The unemployment rate dropped from 10 percent because a survey of households found the number of employed Americans rose by 541,000, the Labor Department said Friday.

9.7% is pretty damned good news...



I wonder if that's statistics at work?

 

[Frisco_Slug_Esq]

-160...

 

[unregistered]

 

[Frisco_Slug_Esq]

Yeah, funny.

We lose more jobs, but viola! the number of unemployed IMPROVES!



Now we know where the discredited Glow-Ball Warning Scientists went to for new jobs...

 

[Beco]

http://www.economist.com/displayStory.cfm?story_id=15452793

Clueless in Washington
Neither the president nor Congress shows any sign of knowing how to tackle the deficit
Feb 4th 2010 | From The Economist print edition

 

[IrezumiKiss]

— Michael Steele

chairman of the Republican National Committee, speaking during a joint appearance with Harold Ford (ugh) at the University of Arkansas at Little Rock, according to the Associated Press. Median income in Arkansas: $38,820

http://gawker.com/5465274/michael-steele--

 

[RightField]

I wonder how much it cost them to fudge the numbers?

 

[TurdFergeson]

— Michael Steele

chairman of the Republican National Committee, speaking during a joint appearance with Harold Ford (ugh) at the University of Arkansas at Little Rock, according to the Associated Press. Median income in Arkansas: $38,820

http://gawker.com/5465274/michael-steele--

Relativity. You know, when you have to pay mortgage on a 10,000 sq foot home with heated pool, loans on the Bentley, and getting the Yacht refurbished, a cool million really ISN'T that much!

Especially after taxes!

 

[trysail]

— Michael Steele

chairman of the Republican National Committee, speaking during a joint appearance with Harold Ford (ugh) at the University of Arkansas at Little Rock, according to the Associated Press. Median income in Arkansas: $38,820

http://gawker.com/5465274/michael-steele--

Well, since you raised the question, how much is a lot of money?

 

[Ulaven_Demorte]

Yes, I know. But how did that happen when the employment numbers had a major adjustment downward in December? There's two different methods at work. I'm way ahead of you son, look here for a realistic look at the numbers:

DATA SNAP:US Jan Jobless Rate Falls To 9.7%; Payrolls -20K

Funny, for the past several years "conservatives" ignored under-employment when boasting about the unemployment numbers because "McDonalds is a job.".

Now suddenly it's important when unemployment figures start to fall.

Don't worry Vette, I didn't expect any of you to have a single positive thing to say. I expected exactly the answers you gave, even Rightfield's assertion was expected.

Cap'n Disingenuous still doesn't know that the DJIA and GDP aren't the same thing. I notice he didn't update his figures after the Dow rallied..

 

[koalabear]

Funny, for the past several years "conservatives" ignored under-employment when boasting about the unemployment numbers because "McDonalds is a job.".

Now suddenly it's important when unemployment figures start to fall.

Don't worry Vette, I didn't expect any of you to have a single positive thing to say. I expected exactly the answers you gave, even Rightfield's assertion was expected.

Cap'n Disingenuous still doesn't know that the DJIA and GDP aren't the same thing. I notice he didn't update his figures after the Dow rallied..

and WOW!, what a rally.
Dow 10,012.23 +10.05 (+0.10%)

 

[Ulaven_Demorte]

and WOW!, what a rally.
Dow 10,012.23 +10.05 (+0.10%)

I know math is hard for little bears so I'll help you out.

The Dow was at a low of 9835 for the day (at around 4pm) and closed up by 10 points at the close of business, that's a 177 point gain over the low of the day in just a little over an hour..

Oddly enough, the Cap'n stopped cheering about the losses shorty before then.

Funny how the dollar also closed up against both the Euro and the Yen too.. So much for deflation.

 

[koalabear]

I know math is hard for little bears so I'll help you out.

The Dow was at a low of 9835 for the day (at around 4pm) and closed up by 10 points at the close of business, that's a 177 point gain over the low of the day in just a little over an hour..

Oddly enough, the Cap'n stopped cheering about the losses shorty before then.

Funny how the dollar also closed up against both the Euro and the Yen too.. So much for deflation.

Any thing for you to cheer about little man. Only 20,000 people got laid off, much better than expected.