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

[koalabear]

Im constantly dropping more into the market. I spend about 10% of what I make - what else am I going to do?

You'll never retire in style on just %10.

 

[mercury14]

You'll never retire in style on just %10.

Re-read what I posted? Between my wife and I, we SPEND 10% of our income, not invest 10%. And since my wife is currently on an all-expenses-paid trip to Afghanistan, we're spending probably less than that.

 

[koalabear]

Re-read what I posted? Between my wife and I, we SPEND 10% of our income, not invest 10%. And since my wife is currently on an all-expenses-paid trip to Afghanistan, we're spending probably less than that.

I forgot you sponge off the government.

 

[mercury14]

I forgot you sponge off the government.

Well I guess my wife is "sponging" off the government by being deployed to Bagram. Using your troop-hating rationale.

 

[JenAltArmy]

Well I guess my wife is "sponging" off the government by being deployed to Bagram. Using your troop-hating rationale.

no by over charging for your services. that is what he meant by "sponging" but hey, stick it to the man.

and by man, I mean American tax payer.

keep up the good work, you and others like you have almost killed America. we are on finical life support. thank you very much

 

[JenAltArmy]

Im constantly dropping more into the market. I spend about 10% of what I make - what else am I going to do?

give more to your uncle obama to support more welfare

 

[mercury14]

JenAltArmy
This message is hidden because JenAltArmy is on your ignore list.

 

[koalabear]

Well I guess my wife is "sponging" off the government by being deployed to Bagram. Using your troop-hating rationale.

What a fucking loser you are, trying to get sympathy through your wife's deployment. Yet you continue to sponge off government contracts.

 

[JenAltArmy]

What a fucking loser you are, trying to get sympathy through your wife's deployment. Yet you continue to sponge off government contracts.

Merc likes to milk the system

 

[busybody..]

Well I guess my wife is "sponging" off the government by being deployed to Bagram. Using your troop-hating rationale.

no one believes your shit

so peddle it elsewhere

 

[koalabear]

at the bell.........

Dow 11,951.91 -172.45

 

[JenAltArmy]

Dow 11,951.91 -172.45

we all know this makes obama happy

 

[koalabear]

we all know this makes obama happy

Kick-off to the Summer of Recovery 2.0.

 

[JenAltArmy]

Kick-off to the Summer of Recovery 2.0.

how can anyone support obama?!?! weiner?!?!?!

 

[busybody..]

no one believes your shit

so peddle it elsewhere

opps

maybe she is at Bagram

ready to deploy as a suicide bomber

 

[JenAltArmy]

who do you trust less, obama or merc - both are full of crap

no one believes your shit

so peddle it elsewhere

 

[Ham Murabi]

Dow 11,951.91 -172.45

Yes, but the Dow is still above the 11,951.90 benchmark which analysts believe is the key to the recovery.

 

[koalabear]

Yes, but the Dow is still above the 11,951.90 benchmark which analysts believe is the key to the recovery.

Thus the new lib campaign slogan, it could be worse.

 

[Ham Murabi]

Thus the new lib campaign slogan, it could be worse.

Maybe it's time Obama got some economic advice. According to The Hill, "At some point during the first two years of his administration, President Obama stopped receiving the daily economic briefing that he had requested when he took office." Then-White House Press Secretary Robert Gibbs said at the time, "The president asked that this be added every day to his schedule." He believed it was "important that each day he receive the most up to date information as it relates to the economy." Surely there's still time for an economic briefing while he's searching for his ball on the golf course.

Meanwhile, the time it takes for an unemployed person to find a job is now nearly 40 weeks. For comparison, between 2000 and 2008, half of job seekers could find work within five weeks. And as The Wall Street Journal reports, "At this stage in the Reagan expansion, after a comparably deep 1981-82 recession, the economy was growing by 7% a year and the jobless rate was plunging. This time the economy is growing by less than 2%, and we still have 6.8 million fewer jobs than when the recession began in late 2007."

 

[garbage can]

Yes, but the Dow is still above the 11,951.90 benchmark which analysts believe is the key to the recovery.

Does the key still work when the Dow falls to 10,951.90???

 

[Ham Murabi]

Does the key still work when the Dow falls to 10,951.90???

That's when it turns into a plumber's helper.
But seriously, what kind of moron actually believes Obama knows anything about economics, other than Marxist ideology?

 

[eyer]

opps

maybe she is at Bagram

ready to deploy as a suicide bomber

When momma's away, daddy will play...

...how many 17 year-old girls has the doctor been tweeting?

 

[Frisco_Slug_Esq]

Is that better than 9,700 when this thread was started? Because righties were bitching about it only being 9,700.

Link?

When this thread started, we were patiently pointing out where Obamanomics would lead us since they were a carbon copy of the last six or seven times a nation tried to use monetary policy to correct an asset bubble burst.

As I posted earlier, we're still due about seven to eight percent in correction due to Fed inflation...

 

[Frisco_Slug_Esq]

Yes, but the Dow is still above the 11,951.90 benchmark which analysts believe is the key to the recovery.

That, my man, is some funny shit...

 

[Frisco_Slug_Esq]

JUNE 11, 2011 5:00 A.M.
Obama’s Road to Nowhere
This is Main Street, Obamaville: All bumps, no road.

‘There are always going to be bumps on the road to recovery,’’ President Obama said at a Jeep plant in Toledo the other day. “We’re going to pass through some rough terrain that even a Wrangler would have a tough time with.’’ His audience booed. They’re un-fire-able union members with lavish benefits, and even they weary of the glib lines from his twelve-year-old speechwriters.

We’re not on the road to recovery. You can’t get there from here, as they say. Obama was in Toledo to “celebrate” the sale of the government’s remaining stake in Chrysler to Fiat. That’s “Fiat” as in the Italian car manufacturer rather than “an authoritative or arbitrary decree (from the Latin ‘let it be done’),” which would be almost too perfect a name for an Obamafied automobile. The Treasury crowed that Fiat had agreed to pay a whopping $560 million for the government’s Chrysler shares.

Wow! 560 million smackeroos! If you laid them out end to end, they’re equivalent to what the federal government borrows every three hours. That’s some windfall! In the time it takes to fly Obama to Toledo to boast about it, he’d already blown through the Italians’ check. But who knows? If every business in the U.S. were to be nationalized and sold to foreigners to cover another three hours’ worth of debt, this summer’s “Recovery Summer” would be going even more gangbusters. I’d ask one of Obama’s egghead economists to explain it to you simpletons, but unfortunately they’ve all resigned and returned to cozy sinecures in academia. The latest is chief economic adviser Austan Goolsbee, the genius who in 2007, just before the subprime hit the fan, wrote in the New York Times that this exciting new form of home “ownership” was an “innovation” that had “opened doors to the excluded” and was part of an “incredible flowering of new types of home loans.”

...

“I’m not concerned about a double-dip recession,” Obama said last week. Nor would I be if I had government housing, a car and driver, and a social secretary for the missus. But I wonder if it’s such a smart idea to let one’s breezy insouciance out of the bag when you’re giving a press conference. In May the U.S. economy added just 54,000 jobs. For the purposes of comparison, that same month over 100,000 new immigrants arrived in America.

So what kind of jobs were those 54,000? Economics professorships at the University of Berkeley? Non-executive directorships at Goldman Sachs? That sort of thing? No, according to an analysis by Morgan Stanley, half the new jobs created were at McDonald’s. That’s amazing. Not the Mickey D supersized hiring spree, but the fact that there’s fellows at Morgan Stanley making a bazillion dollars a year analyzing fluctuations in minimal-skill fast-food service-job hiring trends. What a great country! For as long as it lasts. Which is probably until some new regulatory agency starts enforcing Michelle Obama’s dietary admonitions.

Until then, relax. That bump in the road is just a quarter-pounder with cheese that fell off the counter on the drive-thru lane to recovery. Like every other blessing, we owe the Big MacConomy to the wisdom of Good King Barack. “This plant indirectly supports hundreds of other jobs right here in Toledo,” Obama told the workers at Chrysler. “After all, without you, who’d eat at Chet’s or Inky’s or Rudy’s? . . . Manufacturers from Michigan to Massachusetts are looking for new engineers to build advanced batteries for American-made electric cars. And obviously, Chet’s and Inky’s and Zinger’s, they’ll all have your business for some time to come.”

A couple of days later, Chet’s announced it was closing after nine decades. “It was the economy and the smoking ban that hurt us more than anything,” said the owner. But maybe he can retrain and re-open it as a community-organizer grantwriting-application center. The Bureau of Labor Statistics reports that the median period of unemployment is now nine months — the longest it’s been since they’ve been tracking the numbers. Long-term unemployment is worse than in the Depression. Life goes slowly waiting for a fast-food job to open up.

This is Main Street, Obamaville: All bumps, no road. But shimmering on the distant horizon, beyond the shuttered diner and the foreclosed homes, is a state-of-the-art electric car, the new Fiat Mirage, that should be wheeling into town in a half-decade or so provided it can find somewhere to charge. “We will be able to look back and tell our children,” declared King Barack the Modest of his own candidacy in 2008, “this was the moment when the rise of the oceans began to slow.” Great news for the oceans! Meanwhile, back on dry land, a quarter of American mortgages are “underwater” — that’s to say, the home “owners” owe more than the joint is worth. In Harry Reid’s Nevada, it’s 63 percent. Perhaps Obama’s Aquatic Bodies Water-Level Regulatory Authority, no doubt headed by Jamie Gorelick or Franklin Raines or some other Democrat worthy, could have its jurisdiction extended to the Nevada desert.

“Hope”? “Change”? These are the good times. What “change” are you “hoping” for in Obama’s second term? The loss of America’s triple-A credit-rating? The end of the dollar as global currency? Or just a slight upward tick in the same-old-same-old multi-trillion dollar binge-spending?

...

The American Dream, 2011: You pay four bucks a gallon to commute between your McJob and your underwater housing to prop up a spendaholic, grabafeelic, paramilitarized bureaucracy-without-end bankrupting your future at the rate of a fifth of a billion dollars every hour.

In a sane world, Americans would be outraged at the government waste that confronts them everywhere you turn: The abolition of the federal Education Department and the TSA is the very least they should be demanding. Instead, our elites worry about sea levels.

The oceans will do just fine. It’s America that’s drowning.

Mark Steyn