The 'stimulus' isn't going to work, and why.

[TurdFergeson]

Weasel...

S.O.P. - Can't refute the message...attack the messenger.

Intellectual coward.

 

[hogjack]

The economy is NOT going to recover

Ishmael

Good. More people will turn to the sex industry to make quick cash. In turn the price of the depraved acts will decrease.

Ten bucks on a Friday night will actually get somethin' now. YES!

Instead of flying to Thailand ($$$$) we can enjoy the same companionship here in the good ol' USA.

 

[TurdFergeson]

Prove that statement wrong.

http://www.usgovernmentspending.com/usgs_line.php?title=US%20Government%20Spending%20As%20Percent%20Of%20GDP&year=1903_2010&sname=US&units=p&stack=1&size=m&col=c&spending0=6.80_7.28_6.90_6.80_6.61_7.90_7.84_8.03_8.30_8.09_8.22_9.56_9.82_8.23_9.51_22.14_29.40_12.83_14.32_12.67_11.27_11.49_11.44_11.12_11.75_11.76_11.29_13.22_15.93_21.19_22.38_19.40_20.17_20.00_18.74_20.53_20.66_20.14_19.22_28.15_46.68_50.02_52.97_35.86_23.64_20.46_23.46_23.94_22.38_27.88_29.02_29.27_26.69_26.47_27.21_28.84_28.77_28.74_30.26_28.94_28.71_28.50_26.94_27.45_29.79_30.46_30.07_30.99_31.48_31.35_29.78_30.24_33.85_33.99_32.99_32.01_31.57_33.71_33.62_36.30_36.29_34.42_35.45_35.69_35.11_34.71_32.72_36.27_37.46_37.07_36.36_35.45_35.62_34.79_33.88_33.42_32.95_33.01_33.91_35.32_35.86_35.32_35.44_35.69_35.53_37.07_44.72_41.29&legend=

Only Republicans would start huge overseas wars and at the same time attempt to cut government spending.

 

[unregistered]

 

[TurdFergeson]

http://perotcharts.com/images/challenges/challenges09-640.png

Here, chew on this for a while.

I honestly don't know...the chart I found shows it at or above 30% since the 70's.

 

[unregistered]

 

[TurdFergeson]

Just goes to show you, don't believe everything you see.

...or hear from politicians?

 

[Acanthus]

Your graphs data isnt normalized vette...

 

[unregistered]

 

[Acanthus]

http://www.bea.gov/national/nipaweb...stYear=2008&3Place=N&Update=Update&JavaBox=no

2.8 Trillion spent in 2008.

http://www.bea.gov/national/nipaweb...stYear=2008&3Place=N&Update=Update&JavaBox=no

13.8 Trillion GDP in 2008.

However, tax revenue has declined because of the bush tax cuts on the wealthy and the capital gains tax, running up the deficit.

We will be spending 10% of our annual budget on interest. We currently spend 3% on education for children and young adults.

 

[TurdFergeson]

http://www.bea.gov/national/nipaweb...stYear=2008&3Place=N&Update=Update&JavaBox=no

2.8 Trillion spent in 2008.

http://www.bea.gov/national/nipaweb...stYear=2008&3Place=N&Update=Update&JavaBox=no

13.8 Trillion GDP in 2008.

However, tax revenue has declined because of the bush tax cuts on the wealthy and the capital gains tax, running up the deficit.

We will be spending 10% of our annual budget on interest. We currently spend 3% on education for children and young adults.

And Bush plundered the Treasury.

It's in the process of being fixed.

http://research.stlouisfed.org/fred2/series/BOGNONBR

I have to ask, why?

Sort of like cutting off the nose to spite the face?

"Fuck these Democrats! We will plunder the treasury and make sure the whole Nation is SCREWED for the next 4 - 8 years! That'll show 'em!"

 

[Acanthus]

And Bush plundered the Treasury.

It's in the process of being fixed.

http://research.stlouisfed.org/fred2/series/BOGNONBR

I have to ask, why?

Sort of like cutting off the nose to spite the face?

"Fuck these Democrats! We will plunder the treasury and make sure the whole Nation is SCREWED for the next 4 - 8 years! That'll show 'em!"

Could that be from the budget that they couldnt get passed until bush was out?

 

[TurdFergeson]

Could that be from the budget that they couldnt get passed until bush was out?

I think it was from the Bush "instant giveaways" to banks and corporations with no strings attached.

Call it a "parting gift".

 

[Acanthus]

I think it was from the Bush "instant giveaways" to banks and corporations with no strings attached.

Call it a "parting gift".

Actually thats probably exactly what it was, the deficit on that chart almost exactly matches the size of the half of the TARP.

 

[TurdFergeson]

Actually thats probably exactly what it was, the deficit on that chart almost exactly matches the size of the half of the TARP.

Which is why I find it amazing people here are harping about Obama "giving away money", when in fact the chart has reversed and the reserves are being filled.

Or am I missing something?

 

[Acanthus]

Which is why I find it amazing people here are harping about Obama "giving away money", when in fact the chart has reversed and the reserves are being filled.

Or am I missing something?

Could the influx of reserves be related to the reinvestmant act not being doled out yet to states?

 

[TurdFergeson]

Could the influx of reserves be related to the reinvestmant act not being doled out yet to states?

Yet in the history of the graph there has never been such a deficit, or influx.

Even after the S+P bailouts of the 80's , Enron, Worldcom of the 90's, etc.

Or are they just printing a lot of reserve funds?

 

[Acanthus]

Yet in the history of the graph there has never been such a deficit, or influx.

Even after the S+P bailouts of the 80's , Enron, Worldcom of the 90's, etc.

Or are they just printing a lot of reserve funds?

Well china has already lent us the money for the reinvestment act, which is absolutely insane in size compared to the cost of the S&L crisis in the 80's (I think the total cost for the S&Ls was under $100B)...

 

[Ham Murabi]

However, tax revenue has declined...rease of 1.9 percentage points (see Table 1).

 

[Acanthus]

Total federal revenues grew by about $625 billion, or 35 percent, between fiscal year 2003 and fiscal year 2006. CBO's analysis of that increase in revenues since 2003 is necessarily preliminary because relevant data are not yet fully available. CBO examined the available data using the commonly employed method of analyzing the sources of revenue growth as a percentage of GDP. Had revenues grown at the same rate as the overall economy between 2003 and 2006, federal receipts would have increased by only $373 billion. The other $252 billion of the actual increase in revenues represents growth in excess of GDP growth. As a result, receipts as a share of GDP rose from 16.5 percent in 2003 to 18.4 percent in 2006, an increase of 1.9 percentage points (see Table 1).

The BEA says we ran about even from the tax cuts of 2002 and 2005. This was however with tremendous artificial growth that shouldve brought on more tax revenue. By artificial growth i mean the heavy speculation in the oil and housing markets driving profits up, as well as the whole derivatives bubble that has a gun to our head right now.

The BEA Info is at:

http://www.bea.gov/national/xls/technote_tax_acts.xls

 

[Cap’n AMatrixca]

S.O.P. - Can't refute the message...attack the messenger.

Intellectual coward.

You assume weasels are bad critters?



The "message" is pure fantasy which makes it irrefutable...

Besides, by next week, you'll change your mind...

Back to a point I made earlier, the Obama team sent out the message to the press, "Ignore the DOW behind the curtain," and over in the other thread the Myrmidon crowd instantly dropped the, "It's Bush's fault," and went to the nonchalant, "The market doesn't matter, it was just a bubble, we knew this would happen, we're not the least bit worried..."

 

[Cap’n AMatrixca]

The BEA says we ran about even from the tax cuts of 2002 and 2005. This was however with tremendous artificial growth that shouldve brought on more tax revenue. By artificial growth i mean the heavy speculation in the oil and housing markets driving profits up, as well as the whole derivatives bubble that has a gun to our head right now.

The BEA Info is at:

http://www.bea.gov/national/xls/technote_tax_acts.xls

Well, whaddaya know, it's in this thread too now...

I said it from the inception, no Democrat corruption with the ACORN housing market and in the Freddie-Fannie campaign contribution piggy banks managed by rich Democrat bankers (and no Sarbanes-Oxley [sp? why can't they have normal names?] so my neighbor's firesale doesn't kill me...), no devastating world-wide collapse.

Until we can all agree on this point, nobody with "skin in the game" is going to believe the Democrats can "fix" the problem in a manner that isn't corrupted...

The "Fix" is in...

From rich man to Democrat
http://forum.literotica.com/showthread.php?t=613119

 

[Byron In Exile]

... and if they lose their jobs?

Breadlines?

 

[Cap’n AMatrixca]

Hi Byron...





... bye Byron.

 

[Byron In Exile]

Seriously, how stupid can people be?

Does anyone really belive that the borrowing from the Clinton and Bush years, 16 years, which has trashed the economy, can be solved by even more massive borrowing?

Obama has no idea what he's doing.

This is like saying the solution for Herion addiction is more Herion.