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

[Beco]

I see you're still having problems recognizing that job creation is a lagging indicator of economic health.

It use to be, sure. Dig deeper into whats happening and why. It's all about the White House and Obama's policies. Its creating fear among small businesses. They are afraid to hire, they go with temp workers instead and adding hours to their existing employees. We should be in a V shaped recovery by now, instead, we have this high unemployment number (which is really higher because some have given up on finding work) with no hope out of it.

We wont recover until Obama leaves office.

 

[Frisco_Slug_Esq]

Obama has even told us on one occasion that a lot of those jobs aren't coming back, he believes he is the first president of a new age, the age of American decline and as he told Joe, the Plumber, in a round-about way, you people need to learn to live like Europe, a heavily subsidized and homogenized, simpler life based more on study than consumerism. Stop trying to get ahead, it's a pipe-dream.

Hoping for the economy to get back where it was even under Bush, is a damned good thing U_D, my hat's off to you for fighting the good fight, but we're being led by people who truly believe that ain't ever going to happen again, so what we need to do, is get used to the new reality, because in the name of the environment and universal health care, we still have a lot of individual sacrifices to go through, and that might mean giving up you toys, like that new bike...


__________________
We left corporate America, which is a lot of what we're asking young people to do. Don't go into corporate America. You know, become teachers. Work for the community. Be social workers. Be a nurse. Those are the careers that we need, and we're encouraging our young people to do that.
Michelle Obama

 

[Beco]

Obama has even told us on one occasion that a lot of those jobs aren't coming back, he believes he is the first president of a new age, the age of American decline and as he told Joe, the Plumber, in a round-about way, you people need to learn to live like Europe, a heavily subsidized and homogenized, simpler life based more on study than consumerism. Stop trying to get ahead, it's a pipe-dream.

Hoping for the economy to get back where it was even under Bush, is a damned good thing U_D, my hat's off to you for fighting the good fight, but we're being led by people who truly believe that ain't ever going to happen again, so what we need to do, is get used to the new reality, because in the name of the environment and universal health care, we still have a lot of individual sacrifices to go through, and that might mean giving up you toys, like that new bike...


__________________
We left corporate America, which is a lot of what we're asking young people to do. Don't go into corporate America. You know, become teachers. Work for the community. Be social workers. Be a nurse. Those are the careers that we need, and we're encouraging our young people to do that.
Michelle Obama

UD and possibly Slob Down South will be the last people standing defending this guy. Hey, mazel tov, to each their own but we won't see a recovery until Obama leaves office, sad to say....

 

[Ulaven_Demorte]

It use to be, sure. Dig deeper into whats happening and why. It's all about the White House and Obama's policies. Its creating fear among small businesses. They are afraid to hire, they go with temp workers instead and adding hours to their existing employees. We should be in a V shaped recovery by now, instead, we have this high unemployment number (which is really higher because some have given up on finding work) with no hope out of it.

We wont recover until Obama leaves office.

So your argument is that jobs aren't a lagging indicator of economic health anymore?

I'm going to stick with "you don't know what the fuck you're talking about".

 

[Beco]

So your argument is that jobs aren't a lagging indicator of economic health anymore?

I'm going to stick with "you don't know what the fuck you're talking about".

how about trying to debate anything that I've wrote....Im eager to learn

 

[RobDownSouth]

UD and possibly Slob Down South will be the last people standing defending this guy. Hey, mazel tov, to each their own but we won't see a recovery until Obama leaves office, sad to say....

Quotin' for posterity and bookmarking this thread. I suspect this prediction will go down in infamy, just like Vetteman's "McCain coasts to easy victory when recession ends in January 2008" prediction.

 

[Beco]

Quotin' for posterity and bookmarking this thread. I suspect this prediction will go down in infamy, just like Vetteman's "McCain coasts to easy victory when recession ends in January 2008" prediction.

LOL!!

by the way, I hope I'm wrong....

 

[Ulaven_Demorte]

how about trying to debate anything that I've wrote....Im eager to learn

I just did Faneros... erm Beco.

I stated that job creation is a lagging indicator of economic health. You said that "It use to be, sure." Meaning that your position is that it isn't anymore...

Or you need a class on basic English composition as well as economics 101..

If you bothered to take a look at the Leading Economic Indicators published monthly here you would see that not only will we recover before President Obama leaves office, but that we're already well on our way, have been for months. This is reflected in the slowing of job losses over the past few months.

 

[Wok]

It use to be, sure. Dig deeper into whats happening and why. It's all about the White House and Obama's policies. Its creating fear among small businesses. They are afraid to hire, they go with temp workers instead and adding hours to their existing employees. We should be in a V shaped recovery by now, instead, we have this high unemployment number (which is really higher because some have given up on finding work) with no hope out of it.

We wont recover until Obama leaves office.

I will bump this when he does leave office, and look at it again.

 

[IrezumiKiss]

You're thinking of the CBO.

This guy is "White House Office of Management and Budget spokesman Kenneth Baer "

which was in the text you edited around.

White House = Executive branch.

But nice try.

B-but the report was from the CBO!!! Baer's just speaking the words from the report!!!

Report = CBO

CBO = nonpartisan agency

nonpartisan agency = no Democrat or Republican cock sucking

Unless you're changing the definition of "nonpartisan?" Is that how we're spinning our dance today, Fred Astaire?

 

[firespin]

B-but the report was from the CBO!!! Baer's just speaking the words from the report!!!

Report = CBO

CBO = nonpartisan agency

nonpartisan agency = no Democrat or Republican cock sucking

Unless you're changing the definition of "nonpartisan?" Is that how we're spinning our dance today, Fred Astaire?

WIth you trying that hard, I think you must actually believe what you're typing.

But, umm....no. He's not reading from the report. If they wanted to quote the report, they would just cite it. He made up that quote all by hisself, like the one from the Republican cited earlier.

 

[IrezumiKiss]

WIth you trying that hard, I think you must actually believe what you're typing.

But, umm....no. He's not reading from the report. If they wanted to quote the report, they would just cite it. He made up that quote all by hisself, like the one from the Republican cited earlier.

Awww. I see what you're tryin' to do, you lil' sneaky spinnin' devil, you! All you're bitching about here is the messenger and not the message. What, you want a robot to start giving you the news, now? How about a plant that can vibrate in the air hard enough to imitate human speech? Or the talking baby from the eTrade commercials?

Stand behind what the CBO is saying here, or don't. If you can't do that, then we can rule the report as bunk and scratch the points off from our snowball fight.

 

[firespin]

Awww. I see what you're tryin' to do, you lil' sneaky spinnin' devil, you! All you're bitching about here is the messenger and not the message. What, you want a robot to start giving you the news, now? How about a plant that can vibrate in the air hard enough to imitate human speech? Or the talking baby from the eTrade commercials?

Stand behind what the CBO is saying here, or don't. If you can't do that, then we can rule the report as bunk and scratch the points off from our snowball fight.

The CBO report says the national debt is going to grow by $10T or so in the next ten years. That's the whole value of the debt when Obama took office, so that's a lot. Too much, most would say. $10T is more than $30,000 for everybody in the country, or more than $50,000 per taxpayer. Yikes. Why would anybody think we need more government programs now? This is not the time to try to make young people buy health insurance that they don't want to pay for, so that the government can subsidize it for others. For example.

But in the best Obama tradition, his finance guy said "not our fault", as if that helps at all in terms of where to go in the future. They may not have created the problem when they took office, but they certainly own their decision since then, and are responsible for where it goes in the future.

(Are you clear now that what Obama's finance guy says has nothing particular to do with the CBO report? The report doesn't say it's Bush's fault...it doesn't care...it's about numbers.)

 

[IrezumiKiss]

The CBO report says the national debt is going to grow by $10T or so in the next ten years. That's the whole value of the debt when Obama took office, so that's a lot. Too much, most would say. $10T is more than $30,000 for everybody in the country, or more than $50,000 per taxpayer. Yikes. Why would anybody think we need more government programs now? This is not the time to try to make young people buy health insurance that they don't want to pay for, so that the government can subsidize it for others. For example.

I think you grossly underestimate young people. Young people are pretty resilient and hardy, even when they're sick and infirm (but we don't count those defectives). It's the tradition of our species that the older generation exploits and lives off the struggles and passions of the younger. And, in retrospect, I think that I can agree with you now, because we were living like that during the last eight halcyon years under Dubya and the young people didn't have a problem with being exploited then. Why should we start pretending to give a shit about them now? All they care about is sex, drugs, rock n' roll and easy money.

Shit, you know what? Fuck the young, let 'em get sick and die. Not my fault they weren't born into money.

But in the best Obama tradition, his finance guy said "not our fault", as if that helps at all in terms of where to go in the future. They may not have created the problem when they took office, but they certainly own their decision since then, and are responsible for where it goes in the future.

If you want to see it that way for you, it's all good. We're all seeing this the way we all want to see it. And we're gonna keep on seeing everything that comes our way that can be used for our eternal snowball fight the way we want to see it. Last word in wins, right?

Well, we can't really milk the CBO thing any further. Let's hope that we're both healthy and lucky enough to see how far into our lifespans we can keep posting about how fucked-up and shitty living in modern-day America is.

 

[unregistered]

 

[Ulaven_Demorte]

Show me that prediction where the recession ends in January.

I'm pretty sure you didn't actually admit that there even was a recession until you felt safe in trying to lay blame for it on the incoming administration.

 

[RightField]

Obama has even told us on one occasion that a lot of those jobs aren't coming back, he believes he is the first president of a new age, the age of American decline and as he told Joe, the Plumber, in a round-about way, you people need to learn to live like Europe, a heavily subsidized and homogenized, simpler life based more on study than consumerism. Stop trying to get ahead, it's a pipe-dream.

Hoping for the economy to get back where it was even under Bush, is a damned good thing U_D, my hat's off to you for fighting the good fight, but we're being led by people who truly believe that ain't ever going to happen again, so what we need to do, is get used to the new reality, because in the name of the environment and universal health care, we still have a lot of individual sacrifices to go through, and that might mean giving up you toys, like that new bike...


__________________
We left corporate America, which is a lot of what we're asking young people to do. Don't go into corporate America. You know, become teachers. Work for the community. Be social workers. Be a nurse. Those are the careers that we need, and we're encouraging our young people to do that.
Michelle Obama

We're being led by people who feel it's their moral right to decide how we are supposed to live and that the natural order of things is that they are the aristocrats in a new era of lord and peasant.

 

[Frisco_Slug_Esq]

We're being led by people who feel it's their moral right to decide how we are supposed to live and that the natural order of things is that they are the aristocrats in a new era of lord and peasant.

You are very correct.

__________________
When under the pretext of fraternity, the legal code imposes mutual sacrifices on the citizens, human nature is not thereby abrogated. Everyone will then direct his efforts toward contributing little to, and taking much from, the common fund of sacrifices. Now, is it the most unfortunate who gains from this struggle? Certainly not, but rather the most influential and calculating.
Frederic Bastiat

 

[Frisco_Slug_Esq]

PARKERSBURG, W.Va. (AP) — The retirement nest egg of an entire generation is stashed away in this small town along the Ohio River: $2.5 trillion in IOUs from the federal government, payable to the Social Security Administration.

It's time to start cashing them in.

For more than two decades, Social Security collected more money in payroll taxes than it paid out in benefits — billions more each year.
Not anymore. This year, for the first time since the 1980s, when Congress last overhauled Social Security, the retirement program is projected to pay out more in benefits than it collects in taxes — nearly $29 billion more.

Sounds like a good time to start tapping the nest egg. Too bad the federal government already spent that money over the years on other programs, preferring to borrow from Social Security rather than foreign creditors. In return, the Treasury Department issued a stack of IOUs — in the form of Treasury bonds — which are kept in a nondescript office building just down the street from Parkersburg's municipal offices.

Now the government will have to borrow even more money, much of it abroad, to start paying back the IOUs, and the timing couldn't be worse. The government is projected to post a record $1.5 trillion budget deficit this year, followed by trillion dollar deficits for years to come.

http://home.myhughesnet.com/news/re...ass&action=1&lang=en&_LT=HOME_FINWC00L1_UNEWS

Just wanted to say, it was with the same glee that Congress defeated Bush's Fannie and Freddie reforms that they stomped on all his efforts to do something about Social Security, and now Barrack Hussein Nero fiddles with health care, another huge deficit-creating entitlement...

Jobs might be a lagging indicator for a helluva long time to come because our lenders are going to cut us off and we're going to have to raise massive new taxes on the private sector or break our social security promises...

Now, what do promises mean to Obama?

What do they mean to the inmates at Gitmo???

 

[Ulaven_Demorte]

Only a few more days until the next LEI comes out.

Any wagers on the report's contents?
Will it be another increase (the eleventh straight) or will we "double dip" as Lit's "right" has been continually warning us?

 

[Ulaven_Demorte]

http://home.myhughesnet.com/news/re...ass&action=1&lang=en&_LT=HOME_FINWC00L1_UNEWS

Just wanted to say, it was with the same glee that Congress defeated Bush's Fannie and Freddie reforms that they stomped on all his efforts to do something about Social Security, and now Barrack Hussein Nero fiddles with health care, another huge deficit-creating entitlement...

Jobs might be a lagging indicator for a helluva long time to come because our lenders are going to cut us off and we're going to have to raise massive new taxes on the private sector or break our social security promises...

Now, what do promises mean to Obama?

What do they mean to the inmates at Gitmo???

Didn't read the latest CBO report that Health reform will actually reduce the deficit?

 

[firespin]

Didn't read the latest CBO report that Health reform will actually raise taxes and cut Medicare?

Fixed your post.

 

[Frisco_Slug_Esq]

Didn't read the latest CBO report that Health reform will actually reduce the deficit?

HA ha HA ha HA ha HA ha HA ha HA ha HA ha HA ha



HEY Grandpa U_D, tell us again 'bout the Social Security "trust fund" and magic Congressional economic "pixie dust..."

You know they lied to the CBO by pretending another part of Congress was going to pay for certain "costs..."

We already posted that long ago. This time, part of the polite lie is that Medicare and Medicaid are fully funded and solvent.

 

[Ulaven_Demorte]

Fixed your post.

Fix away Firespin, but that "fix" doesn't represent the reality of the report.

 

[Ulaven_Demorte]

HA ha HA ha HA ha HA ha HA ha HA ha HA ha HA ha



HEY Grandpa U_D, tell us again 'bout the Social Security "trust fund" and magic Congressional economic "pixie dust..."

You know they lied to the CBO by pretending another part of Congress was going to pay for certain "costs..."

We already posted that long ago. This time, part of the polite lie is that Medicare and Medicaid are fully funded and solvent.

I'm glad you got a laugh. You seem to need something to lighten your day in these troubling times of economic doom and gloom.

Tell us all again how preventative care only raises health care costs.