U_D's requested daily doom and gloom thread - just 69 points...

Frisco_Slug_Esq

On Strike!
Joined
May 4, 2009
Posts
45,618
... to that important psychological 10,000 mark on the DOW...




Yo, yo, yo, U_D, what colors are those glowing LEiDs today?

Green for Spain?
Hot red for Greece?
Maybe a nice amber for those in denial?

Now, I wonder, why won't the Democrats pass a budget this year?

Is the plan to leave the hard choices to the Republicans so they can go back to being the demagogues on the sideline? Is it a lot easier to be a community agitator than a leader?

--let me-- let me do the positive side of this. Okay? We've-- just been through eight years where people said-- many people said, ‘Deficits don't matter. We can-- we can pass huge tax cuts, pass huge new programs without paying for them.’ That debate has changed fundamentally. Now you don't hear people say anymore, ‘Deficits don't matter.’ You don't hear people saying that we can pass enormously—enormous expansion of government without paying for it. That's an important change. I think all Americans understand that our deficits are unsustainable. And I think that'll be helpful as we move to try to make the hard choices to bring them down again.”
TIMOTHY GEITHNER

"[T]he principle of equality is most acclaimed by those who expect to gain more than they lose from an equal distribution of goods. Here is a fertile field for the demagogue. Whoever stirs up the resentment of the poor against the rich can count on securing a big audience."
Ludwig Heinrich Edler von Mises

“Everyone wants to live at the expense of the state. They forget that the state wants to live at the expense of everyone.”
Frederic Bastiat

__________________
I invented i, the square root of neutral 1.
 
If making money on Wall Street was easy they would let women and children do it.
 
Have you noticed Obama is not taking any questions?



Well I do take note of the fact that his last full press conference was the brilliant Skip Gates presser...

Now, he's letting his "organized community" do his blaming the Arizona police for him and this time he's letting the President of Mexico speak for the United States...

Better start practicing;

Yo huro ala Bandera de Los Estados Unidos of Nueve Mexico...,
 
If making money on Wall Street was easy they would let women and children do it.

Well those widows and orphans had better cash in their pensions before their Dollars are turned into Euros by the Mighty Magician el Hussein Obama...




:rolleyes:
 
Remember when we bailed out Mexico...,





... did it get us a reprieve from the barbarian invasion?




This time, we should annex.
 
U_D, will you please reprise your favorite role for us non-Democrats?

The sun'll come out
Tomorrow
Bet your bottom dollar
That tomorrow
There'll be sun!

Just thinkin' about
Tomorrow
Clears away the cobwebs,
And the sorrow
'Til there's none!

When I'm stuck a day
That's gray,
And lonely,
I just stick out my chin
And Grin,
And Say,
Oh!

The sun'll come out
Tomorrow
So ya gotta hang on
'Til tomorrow
Come what may
Tomorrow! Tomorrow!
I love ya Tomorrow!
You're always
A day
A way!
 
... to that important psychological 10,000 mark on the DOW...




Yo, yo, yo, U_D, what colors are those glowing LEiDs today?

Green for Spain?
Hot red for Greece?
Maybe a nice amber for those in denial?

Now, I wonder, why won't the Democrats pass a budget this year?

Is the plan to leave the hard choices to the Republicans so they can go back to being the demagogues on the sideline? Is it a lot easier to be a community agitator than a leader?


Oh no..

http://money.cnn.com/2010/05/21/markets/premarket/index.htm

Stocks set for higher start

LONDON (CNNMoney.com) -- U.S. stocks were poised for a higher start Friday, as investors eyed opportunities after the previous session's rout sent stocks into correction territory.

At 5:55 a.m. ET, Dow Jones industrial average (INDU), S&P 500 (SPX) and Nasdaq (COMP) futures were about 0.5% higher.



The slump yesterday couldn't possibly had anything to do with:

1) Wall Street reform: In addition to debt problems in Europe, which have weighed on markets for weeks, investors will mull the latest developments in Wall Street reform.

Late on Thursday, the Senate passed a sweeping financial overhaul bill that aims to prevent another financial crisis.

The legislation aims to strengthen oversight on big banks and Wall Street firms and increase consumer protection. The bill needs to be reconciled with the House's version before it is sent to President Obama

-or-
2) At 10 a.m. ET, the government will release its monthly state-by-state unemployment report.

You're just too easy Cap'n.. It's funny though watching you cheer every time the market bobbles a bit. It must be one hell of a rollercoaster ride for you.

It's down! YAY!
It's up! Awww..

Keep hoping for failure.. :rolleyes:
 
Why won't your party do the brave and right thing and pass a budget so we know the full cost of their "crisis" legislation?
 
I don't have to hope for failure.




It's all around us.

The first guy to label Hassan a terrorist has failed the administration and he had to take his leave for such an offensive failure of tact...
 
Why won't your party do the brave and right thing and pass a budget so we know the full cost of their "crisis" legislation?

I know it's tough for you.. but here's a schedule.. I even took the time to mark for you where we are in the time line.

First Monday in February: President submits budget to Congress.
February 15 Congressional Budget Office submits economic and budget
outlook report to Budget Committees.

Six weeks after President submits budget:
Committees submit views and estimates to Budget Committees.

April 1: Senate Budget Committee reports budget resolution.

April 15: Congress completes action on budget resolution.

May 15: Annual appropriations bills may be considered in the House, even
if action on budget resolution has not been completed.

You are here!

June 10: House Appropriations Committee reports last annual
appropriations bill.

June 15: Congress completes action on reconciliation legislation (if
required by budget resolution).

June 30: House completes action on annual appropriations bills.

July 15: President submits mid-session review of his budget to Congress.

October 1: Fiscal year begins.

It's a long couple of months till October. By the way, when did the final budget of the previous congress get passed? ;)
 
No, U_D,





I am here, Friday, May 21, in political reality, not in hopey changy land wishing as hard as I may and that I might that Obama will succeed even if it means realizing his socialist dream...

The chance that the majority Democrats will pass a budget this year is “fading,” Senate Budget Committee Chairman Kent Conrad (D-N.D.) said Tuesday.

He is pessimistic because House Democrats don’t know whether they want to pass a resolution that would officially acknowledge the certainty of big deficits. House Majority Leader Steny Hoyer (D-Md.) and other Democrats have indicated that would be a tough vote in an election year. Conrad said the Senate was getting “mixed signals” from the House and time is running out, not least because the Senate has a packed legislative agenda.

“I have told my staff we’ve got to look at all options because it appears that the chance of doing a budget resolution in both chambers is fading,” Conrad said.


http://thehill.com/blogs/on-the-money/budget/98409-next-years-budget-sinking-in-deep-red-ink
 
April 15: Congress completes action on budget resolution.

So you're thinking this actually happened this year?

Oh, right, you only know what you google.

With that in mind, brush up on this: http://www.govexec.com/dailyfed/0510/050410cdam2.htm

"The Senate Budget Committee approved a fiscal 2011 budget resolution last month, and the spending plan could be considered on the floor after the Senate finishes financial reform legislation. In the House, it is unclear if a resolution will be considered."
 
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No, U_D,

I am here, Friday, May 21, in political reality, not in hopey changy land wishing as hard as I may and that I might that Obama will succeed even if it means realizing his socialist dream...

http://thehill.com/blogs/on-the-money/budget/98409-next-years-budget-sinking-in-deep-red-ink

You counter the official law-mandated schedule with an opinion piece stating why Walter Alarkon thinks a budget won't be passed... :rolleyes:

If you ever wonder why you're seen a a clown you need only look right here.
 
So you're thinking this actually happened this year?

Oh, right, you only know what you google.

Bullshit!


I Google therefore I think!

I challenged him the other day about reading the opposition research and his reply was that he didn't need to read anything from the opposition and that I should stop letting the rwingnut rabble-rouser Alinsky do my thinking for me!
__________________
Few of us survived the Joe McCarthy holocaust of the early 1950s and of those there were even fewer whose understandings and insights had developed beyond the dialectical materialism of orthodox Marxism.

...

Political Realists see the world as it is: ... In this world laws are written for the lofty aim of "the common good" and then acted out in life on the basis of common greed...; a world where we are always moral and our enemies always immoral; a world where "reconciliation" means that when one side gets the power and the other side gets reconciled to it, then we have reconciliation.... In the world as it is, the solution of each problem inevitably creates a new one.
Saul David Alinsky
Rules for Radicals
 
Bullshit!


I Google therefore I think!

I challenged him the other day about reading the opposition research and his reply was that he didn't need to read anything from the opposition and that I should stop letting the rwingnut rabble-rouser Alinsky do my thinking for me

Where exactly did I say that Cap'n?

I'll help you out, since you tend to read into things what you want to read.

I said that I don't need someone else to spoon-feed me my opinions or ideas, Cap'n Randian.. or is it Cap'n Machiavellian today?
 
You counter the official law-mandated schedule with an opinion piece stating why Walter Alarkon thinks a budget won't be passed... :rolleyes:

If you ever wonder why you're seen a a clown you need only look right here.

I'll mark this so that I can bump it up so you can crow on the day they actually pass a budget, even though Pelosi has already said they would pass a continuing resolution and leave it for the next Congress (so they will be able to blame Republicans if she loses all the Blue Dogs that she is counting on getting rid of).

U_Dmark
 
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