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

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SaintPeter said:
That is mighty big of you! Where did all the interstate dollars come from to provide major roads to your trailer?
Click to expand...

Check the record.

I've been arguing for some time now that the Interstate was a wrong-headed decision for killing rail and ushering in cars...

Don't be a smart-ass...



That implies, that I'm against the Federal Dollars the built the road, RIGHT NEXT TO THE STATE HIGHWAY, that runs to my "trailer" and killed off the quaintness that was Main Street.
__________________
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
 
Copyright © Las Vegas Review-Journal

EDITORIAL: 'Failed policies'

June jobless numbers & the spin detector

Factory orders fell 1.4 percent in May. Meantime, total national payroll employment fell 125,000 in June -- a drop the administration said was partly expected because of the layoffs of some 200,000 temporary Census workers.

The biggest number in the month-end job statistics, though, was the report that some 2.6 million Americans were classified as "discouraged workers" last month, up from roughly 2 million in May, and up from only 1.4 million when the recession began in December 2007.

Ironically, because "discouraged workers" -- those who have no longer seek work -- are dropped from the count of the "unemployed," the fact that an additional 600,000 Americans have given up hope of ever finding work was actually used to reduce the administration's official reported June unemployment rate, from 9.7 percent to 9.5 percent.

Nationally, America has lost 7.5 million payroll jobs and the unemployment rate has more than doubled, despite a year and a half of "stimulus" spending that has run up debt and inflated the currency, all on the guarantee that it would (at the least) keep things from getting this bad.

Yet on July 2, Christina Romer, chair of the president's Council of Economic Advisers, advised: "Today's employment report shows continued signs of gradual labor market recovery. ... These continued signs of healing are important, particularly given the recent volatility in world markets and the mixed behavior of other recent economic indicators."

Hello? Earth to Ms. Romer: What planet are you reporting from?

To her credit, Ms. Romer does admit that "much stronger job gains are needed to repair the damage caused by the financial crisis."

Well, yeah. Given that the current reported rate of "job gain" would take about eight years just to get us back where we started, it might be fair to say the massive interventions of the past 18 months to protect government union jobs are not getting the job done, any more than they did in the 1930s.

What would work is to slash taxes and job-killing regulations. But of course, President Obama dismisses those solutions as the "failed policies of yesterday."
 
I just hired another full time employee last week. In the construction business. In California.

*shrug*
 
Just in from Pelosi

Great news! The market held it's own over the weekend and the trend is expected to continue today. More job creation is expected as consumer confidence wains and layoffs continue.
 
--------------------------------------------------------------------------------

Howard Davidowitz: U.S. Economy "Is a Complete Disaster"

The U.S. economy is in shambles and Americans will continue to see high unemployment and lower living standards in the years to come, Howard Davidowitz tells Henry and Aaron in the accompanying clip.

Davidowitz lays much of the blame for the economy's woes at the feet of the Obama administration, which he calls "the worst of my lifetime."

Obama "Mr. Mass Destruction"

Davidowitz says that the key to Obama's success is his ability to sell his policies to the public. He can confidently read from a teleprompter and appear competent and in control, when in reality, "it's one big bag of empty words," Davidowitz says of Obama's messages.

Davidowitz contends that the President's spending, including the health-care bill, is creating massive deficits that will take the U.S. years to dig itself out of. "He is Mr. Mass Destruction," Davidowitz says of Obama. "I mean he is a human destroyer. This guy has spent his way into oblivion and we don't have a budget. He is surrounded by a bunch of complete incompetents, led by himself. "

Housing Gloom

As far as the actual economy goes, Davidowitz's chief concern is the strained state of the housing market, from which the bad news continues to pour in. According to Davidowitz, Americans are facing an $8 trillion negative wealth effect from the bursting of the housing bubble.

"We're talking about some serious money here," Davidowitz exclaims. "I mean this is a complete disaster and that's why we are going to have a double dip. We're guaranteed a double dip in housing."

Small Businesses and Unemployment

Davidowitz says that the job market is also in ruins, noting for every new job there are six applicants. As a result of the intense competition for positions, employers can offer lower wages. Young people entering the work force today can expect to make less money in their lifetime than previous generations.

Considering the majority of new jobs are created by small businesses, Davidowitz argues that new regulations governing loans to small businesses are only making matters worse -- both for the entrepreneurs and the millions of people out of work.

"We have this insane new regulation," Davidowitz says. "Community banks will not even be able to fill out the forms. They'll pack up and quit. They're already underwater. Commercial real estate is still terrible."

The Future a Massive Struggle

Asked whether he thought the U.S. would experience another Great Depression, Davidowitz said the coming years will look more like Japan today vs. the U.S. in the 1930s.

People will be making and spending less money and the nation as a whole will be dealing with the consequences of the deficit, he says. "We are in a struggle, day by day it's ugly. At the core, when we look at our debt, we are going to have to deal with it."

A few months ago, while other analysts claimed that the economy would continue to follow a V-shaped recovery path, Davidowitz seemed out of step by insisting the nation's problems were still dire. Regardless of what you think of his message or style, Davidowitz's doom and gloom outlook now appears much more credible.
 
of course his customers, teh construction guys have work

they are BUILDING TEH GULAGS for COLORED FOOL

that we will all soon be locked up in:cool:
 
busybody said:
of course his customers, teh construction guys have work

they are BUILDING TEH GULAGS for COLORED FOOL

that we will all soon be locked up in:cool:
Click to expand...

Can we put you in an oven instead?

:eek:

See what I did there? HA HA HA HA HA
 
Bullshit.

We love America! We want Obama to succeed and he WILL!

He's going to make progressive/socialist/marxist/pragmatic-centrist economics work because the smartest people are finally involved.

http://www.cnbc.com/id/38092759

Today, the Dow SURGES to 10,000!
__________________
"The more communal enterprise extends, the more attention is drawn to the bad business results of nationalized and municipalized undertakings. It is impossible to miss the cause of the difficulty: a child could see where something was lacking. So that it cannot be said that this problem has not been tackled. But the way in which it has been tackled has been deplorably inadequate. Its organic connection with the essential nature of socialist enterprise has been regarded as merely a question of better selection of persons. It has not been realized that even exceptionally gifted men of high character cannot solve the problems created by socialist control of industry."
Ludwig Heinrich Edler von Mises

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

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
 
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