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

[mercury14]

Despite Obama's inattention to the real problems of the economy.

Anything to spin the economic recovery as false, eh?

Were you expecting the recovery to be complete by now?

 

[IrezumiKiss]

Whereas Obama's strategy is "ignore the business cycle"? How would that make sense?

B-but you guys keep whining that Obama should leave business alone! Keep government out of it and let it "fix itself" and shit like that! Now you're complaining? About what?

Which way do you want your burgers, children? With mustard or with ketchup? With onions or without?

 

[unregistered]

 

[mercury14]

B-but you guys keep whining that Obama should leave business alone! Keep government out of it and let it "heal itself" and shit like that!

Which way do you want your burgers, children? With mustard or with ketchup? With onions or without?

Correct.

What we hear from Lit's right wing is both that Obama should be doing more to focus on the economy, and also that the government should not intervene.

 

[busybody..]

Anything to spin the economic recovery as false, eh?

Were you expecting the recovery to be complete by now?

so the RECESSION is over?

right?

 

[unregistered]

 

[mercury14]

so the RECESSION is over?

right?

A recession is typically defined by two consecutive quarters of negative economic growth.

So since we've had three quarters of economic growth, yes the recession is clearly over.

 

[Wrong Element]

Whereas Obama's strategy is "ignore the business cycle"? How would that make sense?

My point is that you can't pick and choose. If someone wants to argue that it makes absolutely no difference who the president is, that we're always going to have downturns and recoveries regardless of who is in the White House, that's a consistent point of view.

But if someone believed that Obama's actions were destined to worsen if not totally destroy the American economy, you can't weasel out of the failure of that to occur by then going "Well, that's just the business cycle at work."

 

[firespin]

Your post is off-topic. I referred to the approval rating of Repubs in congress and you link party affiliation...

Link the approval rating of Republicans in congress.

You were supposed to be addressing whether the Republican party has returned to popularity, not simply looking at congressional approval. (You could look it up.)

So 'tis you who are off-topic, grasshopper.

 

[firespin]

My point is that you can't pick and choose. If someone wants to argue that it makes absolutely no difference who the president is, that we're always going to have downturns and recoveries regardless of who is in the White House, that's a consistent point of view.

But if someone believed that Obama's actions were destined to worsen if not totally destroy the American economy, you can't weasel out of the failure of that to occur by then going "Well, that's just the business cycle at work."

The business cycle goes on regardless of what congress and the prez are doing, within certain parameters.

It's certainly possible for Washington to be a drag on the economy, moreso than it can permanently incentivize it (assuming that we're not going to undo various popular regulations and need to fund transfer payments).

 

[Ulaven_Demorte]

The business cycle goes on regardless of what congress and the prez are doing, within certain parameters.

It's certainly possible for Washington to be a drag on the economy, moreso than it can permanently incentivize it (assuming that we're not going to undo various popular regulations and need to fund transfer payments).

Yet, despite all of the doom and gloom coming from the "right" about how President Obama is "destroying America", we're clearly recovering nicely.

See you in November.

 

[IrezumiKiss]

Yet, despite all of the doom and gloom coming from the "right" about how President Obama is "destroying America", we're clearly recovering nicely.

See you in November.

Always, when they don't want to admit that the world didn't come to an end like THEY SAID IT WOULD, they now go for the potential future singularity point stall:

"Wait! Wait! Don't jump for joy on your trampoline just YET! Let's see what it's like in November! THEN you'll see! THEN...THEN...THEN...NOVEMBER..."

*insert death croak voice here*

"NOOOOOOHHHHVEEEEEMMMMMBUUUUUUURRRRRHHHH..."

 

[Luk]

Once again, I deal with construction documents all day. Public and private sector and my business has grown over the past year.

How much more of a fucking indicator do you need?

 

[cebalrai]

LOL.


The stimulus bill passed on February 14th. The Dow was around 7800 at the time, roughly where it was when he was elected.

The market then went down to 6500 in the next 15 trading days, a 16% drop.

That seemed to remind people that too much government help was, well, too much, so we haven't seen too many more bad ideas and the market is happier

How did this turn out? We still at 6500?

 

[firespin]

How did this turn out? We still at 6500?

You may not want to invest much if a porn board is your source of real time quotes.

 

[cebalrai]

You may not want to invest much if a porn board is your source of real time quotes.

Look at your rationale in that post. Despite all of Obama's "bad ideas" the market continues to climb, and has been terrific - correlating with Obama rolling out his agenda.

Epic prediction failure.

 

[firespin]

Look at your rationale in that post. Despite all of Obama's "bad ideas" the market continues to climb, and has been terrific - correlating with Obama rolling out his agenda.

Epic prediction failure.

Well, let's see...the post you are commenting on was made in September, when the market was 3000 points higher than it was in March, and about 1000 points lower than it is now...so what prediction were you thinking it referred to? Even the last line of the post notes that the market went up. Dummy.

Most of that gain has been associated with the realization that much of the Obama agenda...single payer, cap-n-trade, etc...was NOT going to pass.

And, of course, a lot of it was just market cycles...what goes down must come up at some point, regardless of who's in office.

 

[Frisco_Slug_Esq]

AND U_D, the best is yet to come!





All that "emergency" stimulus money that still has yet to be spent will be spent in close Congressional districts on behalf of Democrats to try and shore up the self-inflicted wounds...



OH Happy days are here again!

Remember the Bush years when the economy just "felt" like we were in a recession...?

To the working class, the 10%, this must "feel" like a depression.

My oh my how the press changes its story based on who controls DC...

 

[Frisco_Slug_Esq]

Remember the heady halcyon days of blaming Bush for lack of response to Katrina?





Enquiring minds want to know, what did Obama do for Louisiana?

Score a hole in one?

http://www.nationalenquirer.com/obama_cheating_scandal_vera_baker_video_/celebrity/68589

Tiger says, ONE? don't you mean four?

 

[Ulaven_Demorte]

Remember the heady halcyon days of blaming Bush for lack of response to Katrina?


Enquiring minds want to know, what did Obama do for Louisiana?

Score a hole in one?

http://www.nationalenquirer.com/obama_cheating_scandal_vera_baker_video_/celebrity/68589

Tiger says, ONE? don't you mean four?

Oh lord, you're pushing that National enquirer story?
Of course you are.. Given the lack of ammo you'll cling to any straw huh?

Are you really trying to claim the oil spill in the gulf is anything close to the devastation and lack of response of Katrina? Good lord.. You really are jut one big misinformed clown act aren't you?

Hell, the righties at work were trying to tell me just last night that the eco-nuts were blowing this whole "half the size of Exxon Valdez spill" (so far) out of proportion. Now here you are trying to equate it to one of the biggest natural disasters, in terms of human lives and property damage, in recent history .

You fuckers need to get your message down. Limbaugh needs to address this shit proper and put out the party line so you all get on the same page.

 

[Ulaven_Demorte]

AND U_D, the best is yet to come!

All that "emergency" stimulus money that still has yet to be spent will be spent in close Congressional districts on behalf of Democrats to try and shore up the self-inflicted wounds...



OH Happy days are here again!

Remember the Bush years when the economy just "felt" like we were in a recession...?

To the working class, the 10%, this must "feel" like a depression.

My oh my how the press changes its story based on who controls DC...

Being one of the working class I can definitely see improvement over the "We're not in a recession!" of 2008. The fact that were were in a recession, and had been since late 2007 was only admitted grudgingly in 2009 when the "right" then quickly tried to blame it all on the Democrats..

The reason it "felt" like we were in a recession was because we were in a recession, despite the vehement denial of the "right" for a year.

 

[Frisco_Slug_Esq]

*nods*

 

[firespin]

Being one of the working class I can definitely see improvement over the "We're not in a recession!" of 2008. Thae fact that were were in a recession, and had been since late 2007 was only admitted grudgingly in 2009 when the "right" then quickly tried to blame it all on the Democrats..

The reason it "felt" like we were in a recession was because we were in a recession, despite the vehement denial of the "right" for a year.

LOL...you just love to harp on this, glossing over the fact that the economy grew in the first half of 2008 when measured by change in GDP...here's what things looked like as late as July 2008:

http://www.actionforex.com/fundamental-analysis/fundamental-archives/u.s.:-q2-2008-gdp-weaker-than-expected-2008073154785/

 

[Frisco_Slug_Esq]

Plus we heard about only the rich getting richer in every election SINCE the Bush tax cuts...

 

[Ulaven_Demorte]

LOL...you just love to harp on this, glossing over the fact that the economy grew in the first half of 2008 when measured by change in GDP...here's what things looked like as late as July 2008:

http://www.actionforex.com/fundamental-analysis/fundamental-archives/u.s.:-q2-2008-gdp-weaker-than-expected-2008073154785/

Ah, the master fact checker.. interesting caveat.. "when measured by change in GDP"..

Ignore that the economy was shedding jobs throughout the last 10 months of 2008 and that real personal income had been stagnant for far longer than that. In addition to the GDP the NBER also looked at real personal income, industrial production as well as wholesale and retail sales. All of those measures reached a peak between November 2007 and June 2008.

Do you think you can find a chart that tells why exactly the National Bureau of Economic Research declared that recession actually began in December 2007 after looking at all of the economic indicators? You know, instead of cherry picking one figure that looked half-assed OK for part of the year?