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

[busybody..]

Pelosi: Unemployment Checks Fastest Way to Create Jobs...

CRAZY "PERSON"

 

[unregistered]

 

[Beco]

The bottom my be a ways off yet.

Tell that to his boyfriend....

 

[Beco]

none of these numbers are reflecting those who are off the unemployment rolls ONLY because they ran out of benefits. there are more unemployed out there than what the government says.

Speaking of running out of benefits, how's that housing market doing?

After showing signs of a fledgling recovery from the worst downturn in decades, the U.S. housing market appears to be heading back toward the doldrums, as the expiration of a lucrative tax credit for buyers and increased uncertainty about the economy cause home sales to plummet.

 

[busybody..]

This week, Obama emphasized we were losing 750K jobs/month when he took over. Today, we learned 652K quit looking for jobs in June.

 

[Beco]

This week, Obama emphasized we were losing 750K jobs/month when he took over. Today, we learned 652K quit looking for jobs in June.

Obama is single handedly assisting the cheeseburger industy.....love that guy

 

[busybody..]

he will go from UERKEL

to

CEDRICK THE ENTERTAINER

 

[unregistered]

 

[unregistered]

 

[koalabear]

Looks like some great deals out there on the market.

 

[mercury14]

Oh yeah, let's rejoice! A trillion spent and no result...great.

Nevermind that the stimulus is just now at the halfway point of being spent.

 

[mercury14]

Only 83,000 private sector jobs created last month. That's the real story. get ready for another sell off.

No sell off... Yet another failed Vetteman prediction.

 

[unregistered]

 

[koalabear]

No sell off... Yet another failed Vetteman prediction.

You must be U-D's stupid brother. Take a look at the chart then tell me there was no sell off. The only reason it went back up is your tax dollars propping up the market by the PPT.

http://moneycentral.msn.com/detail/stock_quote?Symbol=$INDU

Only a fool would still be in the markets.

 

[mercury14]

Still down 46. My unemployment numbers came in right on.

What does 46 points have to do with a sell-off you predicted?

 

[mercury14]

You must be U-D's stupid brother. Take a look at the chart then tell me there was no sell off. The only reason it went back up is your tax dollars propping up the market by the PPT.

http://moneycentral.msn.com/detail/stock_quote?Symbol=$INDU

Only a fool would still be in the markets.

The market was down 101 points for a moment then went back up to +8 points later in the day. The fact that you're calling 100 points a sell-off makes it sound like you don't know what you're talking about.

And saying that only a fool would still be in the markets is just icing on your cake of ignorance.

Mmm... cake of ignorance...

 

[koalabear]

The market was down 101 points for a moment then went back up to +8 points later in the day. The fact that you're calling 100 points a sell-off makes it sound like you don't know what you're talking about.

Keep buying all you can, there is nothing to worry about.

 

[unregistered]

 

[RobDownSouth]

We'll see what happens on Monday, the market has sold off 457 points in the last 6 working days.

No we won't, you dumbass. The market will be closed July 5th in observance of Independence Day, since July 4th falls on a Sunday.

 

[firespin]

No we won't, you dumbass. The market will be closed July 5th in observance of Independence Day, since July 4th falls on a Sunday.

Obama will put out a press release Monday night that the change in the Dow that day was the best it has been in a week.

 

[Beco]

No we won't, you dumbass. The market will be closed July 5th in observance of Independence Day, since July 4th falls on a Sunday.

Oh good, so I wont be losing money on Monday....yipee

 

[John Doe]

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

You stopped posting them when Obama got elected.

 

[RobDownSouth]

Oh good, so I wont be losing money on Monday....yipee

Only the stock market is closed. Casinos are still open, who knows, maybe you'll get lucky.

Try and remember to stand on 17 or higher this time.

 

[Frisco_Slug_Esq]

Nevermind that the stimulus is just now at the halfway point of being spent.

Yeah, funny way to handle an emergency...

You know, that evil ol' George Bush had to deal with two financial failures and we came out a lot better than when the rookie got his shot at the big-time.
__________________
You loot the private sector, strip every dollar of 40¢ for overhead, and then give the other 60¢ to your political base in order to revitalize the looted.

What's not to like about that plan?
A_J, the Stupid

 

[Frisco_Slug_Esq]

This whole debate about government stimulus versus austerity, and the impact of these policies on economic growth, misses a key point: It is business, not government, that creates jobs.

The economic power of business is the missing link in the faux debate that is now raging over spending and deficit policies. A brief look at the recent jobs report for June tells this story. After spending more than $1 trillion through so-called government stimulus, we are at best experiencing a grinding and anemic jobs recovery. Private payrolls are growing slowly. The workweek is again shrinking. And average hourly earnings have declined. The unemployment rate dropped to 9.5 percent, but that’s because 650,000 people left the labor force.

Most troubling, the household survey, which captures small owner-operated business employment, dropped 300,000 following a decline last month. In other words, this leading indicator is moving in the wrong direction. More generally, recent economic data suggest that the rate of recovery could be slowing to only 2 percent, or even less. Some fear a double-dip recession.

So what about all this stimulus spending? Well, it hasn’t worked.

When you look at the recent GDP reports, you find that the government contribution to economic growth has been about zero. This is because transfer payments don’t contribute to the output of goods and services. We’ve had three recovery quarters where inflation-adjusted GDP growth averaged a sub-par 3.5 percent. But the federal contribution has been only two-tenths of 1 percent, while the state and local government contribution has been a small drag of three-tenths of 1 percent. In other words, a wash.

Liberal-left Nobel Prize winners like Paul Krugman and Joe Stiglitz believe government spending should be increased substantially. But if it hasn’t worked up to now, why should we believe it will ever work? Taxing or borrowing from Peter to pay Paul does not create new investment or jobs. Nor do extended unemployment benefits.

Businesses create investment and jobs. I call it business power. And this power has been totally ignored in the debate over economic policy.

In a watershed study, former Treasury economists Gary and Aldona Robbins argued a few years ago that tax cuts aimed at capital and business produced the biggest economic benefits. For example, for every tax-cut dollar on capital gains, $10.61 of new GDP is created. For every dollar of accelerated business-investment tax write-offs, $9 of new GDP is created. And for every dollar of corporate tax cuts, $2.76 of new GDP is created.

This bang-for-the-buck analysis contrasts sharply with estimates for increased government spending. According to the White House, every dollar of new government spending creates about $1.50 of new GDP — much weaker than the effects of business tax cuts. And the White House analysis looks like a stretch. The IMF has a model that says every additional dollar of government spending creates only $0.70 of new GDP. So you have to borrow a buck to get 70 cents back. Not a good trade.

Larry Kudlow
NRO
__________________
You loot the private sector, strip every dollar of 40¢ for overhead, and then give the other 60¢ to your political base in order to revitalize the looted.

What's not to like about that plan?
A_J, the Stupid