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

[koalabear]

U.S. consumer confidence crumbled in June
Americans spooked by worries about jobs, strength of the recovery

http://www.msnbc.msn.com/id/37992956/ns/business-consumer_news

 

[Ulaven_Demorte]

It's almost comical watching all of the usual "I'm not hoping for failure" suspects rally and cheer every time the market takes a hit then fall silent when it begins it's slow slog back up hill..

"Are we there yet?"
"You aren't going fast enough!"
"You're doing too much!"
"You're not doing enough!"
"Nobama! Nobama! Nobama!"

 

[koalabear]

It's almost comical watching all of the usual "I'm not hoping for failure" suspects rally and cheer every time the market takes a hit then fall silent when it begins it's slow slog back up hill..

"Are we there yet?"
"You aren't going fast enough!"
"You're doing too much!"
"You're not doing enough!"
"Nobama! Nobama! Nobama!"

Stupid fuck, it better hit reverse hadn't it....
9,817.63 down -320.89

 

[Ulaven_Demorte]

Stupid fuck, it better hit reverse hadn't it....
9,817.63 down -320.89

Keep hoping for economic failure Little Bear. You are one of the usual suspects I was talking about.

Now we just need a triumphant blast from the Cap'n, maybe you'll get a pat on the head as well.

 

[firespin]

You can even reuse this line:

"With the Dow climbing near 10,000 again what's happened to all of the dire, end of the world ravings of our resident "conservative" economists?"

 

[Ulaven_Demorte]

You can even reuse this line:

"With the Dow climbing near 10,000 again what's happened to all of the dire, end of the world ravings of our resident "conservative" economists?"

And another of the suspects checks in.

Has the world ended yet? Should we buy more gold via the Beck/Limbaugh Ponzi scheme advertised 24/7 on FauxNews?

 

[firespin]

And another of the suspects checks in.

Has the world ended yet? Should we buy more gold via the Beck/Limbaugh Ponzi scheme advertised 24/7 on FauxNews?

I just come here to watch you celebrating unemployment and deficit numbers that you would have fainted over had Bush ever reported tham.

 

[koalabear]

Keep hoping for economic failure Little Bear. You are one of the usual suspects I was talking about.

Now we just need a triumphant blast from the Cap'n, maybe you'll get a pat on the head as well.

You truly are a stupid fuck, even with the Government using your tax dollars to prop up the market it is still below the magic 10,000.

 

[firespin]

"It's an enduring myth that the Great Depression was caused by inadequate government "stimulus," of the sort Lord Keynes and President Obama would have approved. In fact, as a study by economist Randall Holcombe shows, under President Hoover, who served from 1929 to 1933 just as the Depression got under way, real per-capita spending surged 82%. That was even greater than the 74% rise from 1933 to 1940 in FDR's time.

So why did that slump last so long? UCLA economist Lee Ohanian studied that question. His conclusion: "The main culprit appears to be government policies that restricted competition." Indeed, stupid economic policies, including higher taxes, trade protectionism and the government's foolish effort to prop up wages, added seven years to the Depression. But for the government's tinkering, we would have exited that rut in the early 1930s, says Ohanian.

Economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute came to a similar conclusion in their study of Keynesian policies during the 1930s:

"(FDR's) interventionist policies and draconian tax increases delayed full economy recovery by several years by exacerbating a climate of pessimistic expectations that drove down private capital formation and household consumption to unprecedented lows."

Sound familiar? It should. Others, ranging from economic historian Amity Shlaes to economist Robert Higgs, tell the same story.

Today, Obama is following a script eerily similar to the one followed by Hoover and FDR: He wants to spend wildly, raise taxes on all Americans, erect trade barriers and protect unions, his biggest supporters, to boost their wages at others' expense."

http://www.realclearmarkets.com/articles/2010/06/29/paul_krugmans_depression_98545.html

 

[ivantheterrible]

wall street numbers look half way decent at times, but up and down. if it is so "good" why so many unemployed and many losing their unemployment benefits.? people are spending through their tax refunds, soon the census jobs will end, banks going down the tubes, etc..
its a shell game to make people feel good.
the unemployment numbers do not reflect those whose employment benefits have run out. did you know that homeless numbers do not include those who drift from one house to another, staying with friends or family?
things are worse than the government wants you to know.

 

[Frisco_Slug_Esq]

It's almost comical watching all of the usual "I'm not hoping for failure" suspects rally and cheer every time the market takes a hit then fall silent when it begins it's slow slog back up hill..

"Are we there yet?"
"You aren't going fast enough!"
"You're doing too much!"
"You're not doing enough!"
"Nobama! Nobama! Nobama!"

First off, none of us are falling silent at any given point and time since the news is just so fucking chock full of good economic news on a weekly basis, even at 11,000 we were talking about deflation and the upcoming double-dip after all the artificial stimulus ran out.

Secondly, can we talk Iraq?

"Are we there yet?"
"You aren't going fast enough!"
"You're doing too much!"
"You're not doing enough!"
"Nobush! Nobush! Nobush!"
"GENERAL BETRAYUS, WE'VE ALREADY LOST THE WAR!"

 

[Frisco_Slug_Esq]

"It's an enduring myth that the Great Depression was caused by inadequate government "stimulus," of the sort Lord Keynes and President Obama would have approved. In fact, as a study by economist Randall Holcombe shows, under President Hoover, who served from 1929 to 1933 just as the Depression got under way, real per-capita spending surged 82%. That was even greater than the 74% rise from 1933 to 1940 in FDR's time.

So why did that slump last so long? UCLA economist Lee Ohanian studied that question. His conclusion: "The main culprit appears to be government policies that restricted competition." Indeed, stupid economic policies, including higher taxes, trade protectionism and the government's foolish effort to prop up wages, added seven years to the Depression. But for the government's tinkering, we would have exited that rut in the early 1930s, says Ohanian.

Economists Charles Rowley of George Mason University and Nathanael Smith of the Locke Institute came to a similar conclusion in their study of Keynesian policies during the 1930s:

"(FDR's) interventionist policies and draconian tax increases delayed full economy recovery by several years by exacerbating a climate of pessimistic expectations that drove down private capital formation and household consumption to unprecedented lows."

Sound familiar? It should. Others, ranging from economic historian Amity Shlaes to economist Robert Higgs, tell the same story.

Today, Obama is following a script eerily similar to the one followed by Hoover and FDR: He wants to spend wildly, raise taxes on all Americans, erect trade barriers and protect unions, his biggest supporters, to boost their wages at others' expense."

http://www.realclearmarkets.com/articles/2010/06/29/paul_krugmans_depression_98545.html

Can we talk Freddie and Fannie which were rewarded with an ever-increasing role after all their failure and Democrat crony corruption, especially from the Harvard Club where ethics is only part of the History Curriculum...
__________________
"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy."
Milton Friedman

 

[Frisco_Slug_Esq]

I just come here to watch you celebrating unemployment and deficit numbers that you would have fainted over had Bush ever reported them.

Oh yeah, we know exactly how that tune would have been harped...

 

[Frisco_Slug_Esq]

So U_D, what's next; government will not cut spending, taxes or inflation?

Leviathan's Loot

Last week the British government announced that the VAT -- a form of a sales tax -- will go up from 17.5 percent to 20 percent.

This is bad news for the Brits. It comes only two months after it was announced that the top income tax bracket would be 50 percent. That bracket includes everyone who makes more than £150,000 ($220,000) per year.

This means that every British citizen who earns more than £150,000 will see a half of his income confiscated by the government straight off. From what remains, he will have to pay an additional 20 percent on most purchases.

There are also numerous other fees and duties -- such as the local council tax -- that must be paid to the government. The result is that some people will end up turning close to seventy percent of their income in to the state.

...

This is why American politicians of both parties drool when they see what's happening in Britain. They have been tossing around the idea of a national sales tax in this country for some time. The idea naturally appeals to Democrats, because it will bring in more money for the federal government. It also appeals to conservatives, because it makes the taxation process appear fairer. This appeal, however, blinds conservatives to a great danger. A sales tax should be implemented if and only if the Sixteenth Amendment is repealed. If it is not, we will end up in the same fix as the Europeans: We will get a high income tax and a high sales tax.

We must not fall for the ploys of the politicians. They will say that a national sales tax will be good for us. They will also promise that it will only be a small percent. Do not believe it for a minute. Taxes are good only for politicians, bureaucrats, and assorted rent-seekers. If you are a productive person who earns living by honest toil, taxes are not good for you. They are a scourge.

Do not believe either that a national sales tax would help to close our deficit. New taxes rarely accomplish this task. They, in fact, usually make matters worse, because more money only whets politicians' appetite for additional spending. Sending money to politicians is the same as sending lollipops to kindergarteners. Neither is able to handle the goodies responsibly. Besides, the federal government gets enough money already. Last year it extracted more than $2.1 trillion in taxes. This is more than the annual output of the whole Italian economy. The cause of the deficit is not a lack of money, but the spending insanity that afflicts America's political establishment.

Let us also never forget what was said when they lobbied for the income tax. They claimed it would affect only one percent of the population, who would pay only one percent of their income. It was, therefore, nothing to really worry about. We can see today how that worked out. The same thing is bound to happen with a sales tax.

Vasko Kohlmayer
The American Thinker

Oh, yeah, we're going to create a "booming" economy, no need for doom and gloom threads, hell I saw Germany celebrating 7.5% unemployment! Reaching Bush levels of unemployment is just a dream to them...

The stagnation of a statist (socialist) nation.

No need for doom and gloom predictions.

We're here; we've arrived.

Thank you Mr. Obama!
__________________
The US economy for a long period of time was the engine of world economic growth. We were sucking in imports from all across the world financed by huge amounts of consumer debt. Because of the financial crisis, but also because that debt was fundamentally unsustainable, the United States is not going to be able to serve in that same capacity to that same extent.
Barack Hussein Obama

In a characteristic display of his now famous modesty, President Obama reacted to the hostility of the Tax Day tea parties by saying, “You would think they should be saying ‘thank you’” — for all he’s done for them. Right now, the fellows saying “thank you” are the mullahs, the Politburo, Tsar Putin, and others hostile to U.S. interests who’ve figured out they now have the run of the planet.
Mark Steyn

 

[Ulaven_Demorte]

Leviathan's Loot


Vasko Kohlmayer
The American Thinker

You know a VAT is just another name for, another spin on, your beloved FairTax, right?

Funny that Mr. Kohlmayer is making the very same warnings against that as have been made against the FairTax. namely that there is no provision for repealing the 14th amendment and that we would end up with BOTH an income tax and a Consumption tax.

Even funnier is that you still won't see it..

 

[Frisco_Slug_Esq]

No it's not. The FairTax is a Liberation replacement for Progressive taxation.

It's present form includes the repeal of the 14th.



I know there's never going to be a FairTax; I know that's reality.

There will also be a VAT because Washington DC is addicted to theft and spend group politics.
__________________
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."
Frederic Bastiat

 

[Frisco_Slug_Esq]

U_D is the economy on the right track?





Was Obama's huge stimulus bet a win?

Is Krugman right about the third depression? LEt's talk reality instead of attacking my dreams of just taxation.
__________________
Contemporary liberalism both presupposes and desires a government that is flexible, competent, energetic. It wants and needs a government that can mobilize society’s resources to accomplish a long list of difficult tasks, including the reduction of economic inequality, the education of children, the protection of the environment, the elimination of unjust discrimination, and the safeguarding of consumers — to name just a few. Yet in operation, it weighs down the government with interest groups that first make it inefficient and inflexible and then make it impossible to reform.
RAMESH PONNURU

 

[Frisco_Slug_Esq]

Oh yeah, and WHEN DID WE EVER SHUT UP ABOUT THE IMPENDING DOOM AND GLOOM?

You skipped right over everything I said.

 

[busybody..]

I just come here to watch you celebrating unemployment and deficit numbers that you would have fainted over had Bush ever reported tham.

yup

he was screaming BURGER FLIPPING JOBS when Bushco had 4.8% unemployment, wasnt he?

 

[Frisco_Slug_Esq]

yup

he was screaming BURGER FLIPPING JOBS when Bushco had 4.8% unemployment, wasnt he?

MEANWHILE Obama is openly shipping jobs to Africa and Brazil and Joe Biden is telling us they ain't coming back and Michelle is on the warpath against the foods we LIKE to eat...

This plan is going exactly as U_D must have envisioned it.
__________________
"The System WORKED!"
Janet Napolitano

 

[Frisco_Slug_Esq]

If anybody's getting a kind of hush, it's U_D and the Dems...





Where'd all his allies go?

If this is your economy, WHY DOES IT FLEE???
Wait until we've negotiated!

 

[unregistered]

 

[Ulaven_Demorte]

U_D is the economy on the right track?

Was Obama's huge stimulus bet a win?

Is Krugman right about the third depression? LEt's talk reality instead of attacking my dreams of just taxation.

We're still on track for recovery despite the protestations of those who only hope for failure because it's in their political interests/

Was it a big win? Shall we ask all of the congressmen who did everything they could to stop it then raked in as much of it as they could, THEN had the temerity to try to take credit for their state's budgets?

Krugman is more often wrong than he is right. It's funny to hear you looking to him as an authority now that he says something you've believed all along, at least partially You know he's calling for massively increased spending right?). But then, that's par for the course for Cap'n AppealtoAuthority.

Just taxation? FairTax? LMAO..

 

[Frisco_Slug_Esq]

There's a kind of Hush, all over the board tonight,
All over the board you can hear the sound of people out of love...

 

[Frisco_Slug_Esq]

We're still on track for recovery despite the protestations of those who only hope for failure because it's in their political interests/

Was it a big win? Shall we ask all of the congressmen who did everything they could to stop it then raked in as much of it as they could, THEN had the temerity to try to take credit for their state's budgets?

Krugman is more often wrong than he is right. It's funny to hear you looking to him as an authority now that he says something you've believed all along. But then, that's par for the course for Cap'n AppealtoAuthority.

Just taxation? FairTax? LMAO..

Really? How are we on "the right track?"

What is the glaring klaxon scream of all clear?

Even Joe Biden is refusing to be as positive as you...

Whoa! There goes the coyote again, there go the dachshunds...,