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

[mercury14]

And with a statement like that, I really am done with this.

No you're not.

Enlighten me.

 

[GrumpyOldGoat]

And by the way, most people agree with me

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/19/AR2010071903235.html?hpid=topnews

 

[mercury14]

And by the way, most people agree with me

http://www.washingtonpost.com/wp-dyn/content/article/2010/07/19/AR2010071903235.html?hpid=topnews

And most people think Noah literally built a boat and put two of every animal in all of creation on it.

 

[firespin]

Jen, the stimulus pumped 9.1 BILLION dollars into your state's private sector economy.

Would you prefer that it be taken back?

Why, that's almost $500 per person.

Doesn't sound so big that way, does it.

A dollar sixty per day over a year.

Somehow I think they'd be OK without it.

 

[cebalrai]

Why, that's almost $500 per person.

Doesn't sound so big that way, does it.

A dollar sixty per day over a year.

Somehow I think they'd be OK without it.

$500 per person is a huge amount of customers for any economy. That's a big help for a state that's running a deficit.

You're counting $500 per person, meaning you're counting babies and stuff, right?

 

[firespin]

$500 per person is a huge amount of customers for any economy. That's a big help for a state that's running a deficit.

You're counting $500 per person, meaning you're counting babies and stuff, right?

Some people know how to look up the population of Florida.

$500 per person is 25 cents an hour in wages over year.

 

[Beco]

And most people think Noah literally built a boat and put two of every animal in all of creation on it.

But da bible tells me so....

 

[jeninflorida]

100% of kissing bug research funding went into the private sector. How is that not stimulative?

were you rejected for the "kissing" research?

 

[mercury14]

Some people know how to look up the population of Florida.

$500 per person is 25 cents an hour in wages over year.

That's a huge amount of money for an economy starving for spending.

 

[mercury14]

If it's that important, it should be in a regular appropriation, not emergency spending. It may be a very admirable funding request, but it's not stimulative.

I'm not saying ARRA wasn't needed, what I'm saying is that the spending was nothing more then feeding time at the pork barrel.

Our infrastructure is crumbling. 100% of that 800 billion should have been used to repair it. It's spending that was needed, would have been spent in the future anyway (at more expensive dollars) and the people paying for it would be receiving the benefit of it.

Justify it however you want, but it's pure bullshit to say that spending money to study kissing bugs was stimulative.

Still waiting for you to descibe how emergency appropriations funding doesn't add to the deficit.

What's that? You logged out when called on your... confusion?

 

[JohnnySavage]

Still waiting for you to descibe how emergency appropriations funding doesn't add to the deficit.

What's that? You logged out when called on your... confusion?

I don't want to put words in the Goat's mouth, but you don't seem to be following the point, which isn't really all that surprising as you're not very smart.

Goat is absolutely right in the fact that this ARRA money didn't go through the normal vetting of the appropriation process. It's not a matter of deficit spending, it's a matter of blowing the money without any legislative oversight.

800 billion was given to the Executive and used as a slush fund.

 

[firespin]

That's a huge amount of money for an economy starving for spending.

Cmon.

The Florida GDP is over 750 billion. http://www.eflorida.com/ContentSubpage.aspx?id=1898

You're talking 1%.

This whole economics thing seems to throw you.

Of course, you're a liberal, so that's to be expected.

 

[Frisco_Slug_Esq]

And most people think Noah literally built a boat and put two of every animal in all of creation on it.

Really...?




Got proof?

 

[Frisco_Slug_Esq]

Jen, the stimulus pumped 9.1 BILLION dollars into your state's private sector economy.

Would you prefer that it be taken back?

Not only yes, but HELL YES!!!




__________________
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]

The liberal tax revolt, as the Wall Street Journal is calling it, is a very important topic — especially for investors and small-business entrepreneurs. And for new jobs.

The so-called revolt is comprised of three Democratic senators: Kent Conrad, Evan Bayh, and Ben Nelson. They want to extend all the Bush tax cuts. That includes taxes on the wealthy, or the top personal tax rate, the investment taxes on capital gains and dividends, and the estate tax.

So is this revolt a game-changer, or merely wishful thinking?

With a strong pushback against the revolt by President Obama, Treasury man Tim Geithner, and House Speaker Nancy Pelosi, right now it looks like wishful thinking. But with Democrats getting badly paddled in various polls, you never know.

When Tim Geithner told me in a CNBC interview a few weeks ago about his 20-20 rule for the top tax rate on capital gains and dividends, I blogged that this was a good thing — in particular the story for dividend taxes, which could go to 39.6 percent. But no increase at all on investment taxes would be even better.

Let’s say you’re an investor who went long stocks in March 2009 and now has a long-term capital gain. You could sell right now at a 15 percent tax rate before it goes up to 20 percent. In a nutshell, this is the tax-hike story that has hung over the stock market this year like the proverbial Sword of Damocles. Year-end tax-related selling could still be in front of us.

So the liberal tax revolt is a very important issue for investors. It could mean a potential stock market rally in the second half of the year.

...

There are two big things that businesses want right now: One is an across-the-board corporate tax cut, including cash expensing for investment. This is the single most powerful job-creator of all. The other is a senior business executive in one of the key economic policy slots in the White House. Neither of these requests seems to be on the table. But to conclude that the White House is burying the hatchet with business you’d have to see these conditions met.

So far it ain’t happening.

Larry Kudlow
NRO’s Economics Editor

I thought permanent unpaid for unemployment benefits were the best job creator a government could provide...
__________________
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

 

[Ulaven_Demorte]

The market rallies, and the doomsayers take a powder, waiting for the next dip to sceech about the end of the world as we know it.

Hey Cap'n, if corporations don't pay taxes then why is it they want an "across the board corporate tax cut"? Do you think that they will pass those savings on to the consumer or just stuff their coffers instead?

Prove that you aren't as naive as I think you are.

That article was a nice attempt at discounting any stock market rally for the remainder of the year as any sign of economic recovery though. A lesson in spin at teh very most.

Good lord what a crock.

 

[Frisco_Slug_Esq]

They want to collect less taxes to make the prices of their goods and services competitive internationally. not to mention keeping the jobs here instead of where they can go for tax "collection" relief...





You really are that stupid, aren't you.

 

[Ulaven_Demorte]

They want to collect less taxes to make the prices of their goods and services competitive internationally. not to mention keeping the jobs here instead of where they can go for tax "collection" relief...

You really are that stupid, aren't you.

So you really do think they're going to pass along their savings to the consumer. The same mistake you make when promoting the "FairTax", you assume that corporations aren't greedy despite all evidence.

You have failed to prove that you are less naive than I thought you were.

 

[Frisco_Slug_Esq]

"The market rallies..."




Jeez, is it now a meaningful indicator again?

Have we not discussed the taking of profits in this year? They are squeezing productivity and focusing on accounting maneuvers, not hiring...

 

[Frisco_Slug_Esq]

So you really do think they're going to pass along their savings to the consumer.

You have failed to prove that you are less naive than I thought you were.

No, we've had this discussion before. If they are willing to cede market share to their competition in order to follow the premium-pricing model (Dos vs. Apple, for example), then no, they won't/don't have to pass on the savings to the consumer, but the consumer will still have a lower-cost choice afforded...

 

[Ulaven_Demorte]

No, we've had this discussion before. If they are willing to cede market share to their competition in order to follow the premium-pricing model (Dos vs. Apple, for example), then no, they won't/don't have to pass on the savings to the consumer, but the consumer will still have a lower-cost choice afforded...

Yes we have, and you're still convinced that prices will magically go down instead of corporate incomes making a nice rise, pleasing their investors, if "their" tax burden is lowered. Consumer prices remain the same, corporate profits skyrocket. we saw this during the eight years of the last administration.

You're enamored with the purity of corporate america that doesn't actually exist. A Randian fantasy world rooted in a romance novella where John Galt is played by John Smith and Corporate American is his Pocahontas.

 

[Frisco_Slug_Esq]

You ignore the forces of competition.




In your world, the Chinese would be charging inordinate profit in order to match US prices.

I mean, since pricing has no effect on the Supply/Demand curve and volume never beats quality...

 

[Frisco_Slug_Esq]

This is why firespin tries to make the case that liberals don't understand economics.

 

[firespin]

The market rallies

The Dow is where it was in mid-November. Since that time, it's crossed the 10,400 line what, 15 times? And it's still down almost 1000 points from the peak earlier this year.

I don't know how you can call that a rally by any standard meaning of the term.

 

[Frisco_Slug_Esq]

The Dow is where it was in mid-November. Since that time, it's crossed the 10,400 line what, 15 times? And it's still down almost 1000 points from the peak earlier this year.

I don't know how you can call that a rally by any standard meaning of the term.

Remember, liberals define words on the fly...

I'm a liberal, now I'm a progressive, we call ourselves pragmatic centrists, I'm a SOCIAL DEMOCRAT, which works, Europe proves it...,

Remember they turned on a dime so fast on spending with one election that I got whiplash trying to keep up!