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

[Frisco_Slug_Esq]

Some of what we can expect come next January, with a slight role reversal...




http://reason.com/archives/2010/08/27/californias-gift-of-shame

 

[IrezumiKiss]

http://www.cordobaclubusa.com/images/396_1979_CHRYSLER_CORDOBA_SALES_BROUCHURE.jpg

 

[Frisco_Slug_Esq]

What was the last production year for the Cordoba?




A: 1983

 

[IrezumiKiss]

'78 was stylin' though.

http://www.lhmopars.com/MOPAR_Ads/1978_Chrysler_Cordoba_ad.jpg

 

[Frisco_Slug_Esq]

Why is American Business in such Dire Straights?

Well, while Obama is busy chasing evil BIG oil out of the gulf, and the Left refuses to tap our resources, preferring rather to send our dollars to our enemies in the Middle East and South America, our other, more traditional, enemies are focused on growing their economies...

Vladimir Putin, the Russian prime minister, on Sunday opened a new pipeline to export east Siberian oil to China that will help Russia reorientate its oil trade towards the east.

The pipeline, running 67km from Skovorodino in east Siberia to China’s north-eastern frontier, is an offshoot of a new oil export route Russia is building to the Pacific Ocean, providing a strategic window on the fast-growing energy markets of Asia.

“This is a vital project for us as we begin to diversify our sales of strategic raw materials,” Mr Putin said. “So far we have delivered most oil to Europe ... The Asia-Pacific region has received insubstantial volumes.”

Russia began exporting oil this year from a new export terminal on the Pacific Ocean built to serve fields in east Siberia, one of the world’s last untapped oil provinces. Some Kremlin-friendly oil companies have been granted tax breaks to speed development of east Siberian reserves and offset a decline in production in other regions.

http://www.ft.com/cms/s/0/dd89374a-b38c-11df-81aa-00144feabdc0.html
__________________
When I was asked earlier about, uh, the issue of coal. Uhhh, y'know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket....
We would put a cap-and-trade system in place, eh, that is as aggressive, if not more aggressive, than anybody else's out there. So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're gonna be charged a huge sum for all that, uh, greenhouse gas that's being emitted.
Barack Hussein Obama
Editorial board meeting, San Francisco Chronicle
January 2008

 

[unregistered]

 

[Frisco_Slug_Esq]

Note the Fed is going to get all proactive now...





We're turning Japaneesa...

 

[Frisco_Slug_Esq]

World (Socialist) Markets are all up on the news, a fettered market is Musak to their ears and inclinations...

 

[unregistered]

 

[unregistered]

 

[Frisco_Slug_Esq]

I see the DOW futures are poised for an opening to the down side.

They'll get optimistic before the end of the day.




After all, all the Democrats are out of town...

 

[unregistered]

 

[Frisco_Slug_Esq]

Democrat Finance

Create bad loans in the name of social justice.
Create dividends to cover-up the bad loans.
Short the sure-to-fail dividends.
Get appointed to the Senate.
Vote for more equality...

 

[Frisco_Slug_Esq]

Encouraging Developments from the Edges of the Anglosphere

AUGUST 30, 2010 12:00 A.M.

Restive Alaskans, Aussies challenge elite assumptions.

In this tumultuous political year, the latest sharp surprises come from the far reaches of the Anglosphere — Alaska and Australia.

These were lands to which Capt. James Cook voyaged even as the seaboard Atlantic colonists were rebelling against king and Parliament in London. Cook’s charts of the southern coast of Australia are still in use, and he sailed from there to Hawaii and then through the Bering Strait to the ice-choked Arctic Sea. You can see splendid murals of his voyages in the Captain Cook Hotel in Anchorage.

Australia joined the Anglosphere when the British established a convict settlement there in 1788, and Alaska joined when Secretary of State William Seward purchased it from Russia in 1867.

Today they are commonwealths with economies thriving on mining and oil. Australia’s 22 million people have a massive export trade with China; Alaska’s 700,000 people, as Sarah Palin accurately noted, live in a state that has boundaries with Canada and Russia.

Neither the August 21 federal election in Australia nor the August 24 primary in Alaska were supposed to produce surprises. One reason: Both have economies relatively untroubled by the financial crisis and recession.

In Australia, the Labor government headed by Julia Gillard (after the intra-party ouster two months before of Prime Minister Kevin Rudd) was expected to cruise to victory, as Australian parties have after one term in government since 1930. The new leader of the conservative Liberal party, Tony Abbott, was considered too extremist to win.

In Alaska, Republican senator Lisa Murkowski was expected to easily win renomination over Fairbanks lawyer and political newcomer Joe Miller.

But the voters had other ideas.

In Australia, the Liberals and Labor are both short of the 76-seat majority in Parliament. Postal and provisional ballots are still being counted, as both parties seek the votes of five independents, while Labor has the support of the one Green candidate elected.

In Alaska, Miller’s narrow lead of 1,668 votes may vanish as at least 7,600 absentee and mail ballots are counted.

Whatever the final outcomes, there are lessons to be learned. One is that the current unpopularity of left parties in the Anglosphere (Republicans lead Democrats by a record margin in polls on voting for the U.S. House) are not just a reaction to bad economic times.

Australia’s Labor party was hurt by its attempt to slap a 30 percent tax on the mining industry. Voters evidently understood that soaking the rich would hurt just about everyone.

And Labor’s attempt to put burdens on carbon use, rejected in the Australian Senate, was a liability, even in the country with the world’s highest incidence of skin cancer.

Murkowski was hurt by her assertion in a debate that the Constitution put no limits on Congress’s ability to make laws. She won votes from Alaska insiders and Alaska Natives for supporting spending on local programs, but not as many as local pundits expected.

The key votes against Labor in Australia and against Murkowski were cast in fast-growing areas — in semitropical Queensland in Australia, in the Matanuska and Susitna Valley (including Sarah Palin’s Wasilla) in Alaska.

We see there what we saw in the Massachusetts special Senate election in the suburban rings around Boston that depend on the private sector rather than government and universities: a massive repudiation of the liberal policies of what New York Times columnist David Brooks calls “the educated class.”

And we did not see any sign in Australia or Alaska that the cultural issue card can trumping other issues. Australia’s Abbott was supposed to be unelectable because of his opposition to abortion; turns out that wasn’t a problem. In Alaska, a ballot proposal putting restrictions on abortion brought out voters for whom Murkowski’s pro-choice stance was a liability.

The results in Australia and Alaska are congruent with developments elsewhere in the Anglosphere. The British coalition government headed by David Cameron since the election in May is getting wide approval for its 25 percent cuts in most departments’ spending. The Canadian government headed by Conservative Stephen Harper seems firmly in power in a country that has long seemed well to the left of the United States.

“The educated class” in Sydney, Melbourne and Washington, at a loss to understand this, is furiously denouncing fellow citizens as bigots. That makes no more sense, and wins no more votes, than blaming Captain Cook.

Michael Barone
NRO

Sanity comes creeping back after a spoonful of this:
When I was asked earlier about, uh, the issue of coal. Uhhh, y'know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket....
We would put a cap-and-trade system in place, eh, that is as aggressive, if not more aggressive, than anybody else's out there. So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're gonna be charged a huge sum for all that, uh, greenhouse gas that's being emitted.
Barack Hussein Obama
Editorial board meeting, San Francisco Chronicle
January 2008
__________________
Promiscuous charges of bigotry are precisely how our current rulers and their vast media auxiliary react to an obstreperous citizenry that insists on incorrect thinking.
Charles Krauthammer

 

[Frisco_Slug_Esq]

PPPPPPPpsssstttttttttttt, hey, U_D, obstreperous; noisy and difficult to control.....

 

[koalabear]

Dow -140.92
One in six on the Government dole, gotta love that hopey change thing.

 

[unregistered]

 

[koalabear]

It's all part of the recovery.

Bam whining he can't get bills passed. He must have stopped bribing for votes.

 

[IrezumiKiss]

Suggested reading

W.H. hopes you catch ...

By POLITICO STAFF | 08/30/10 11:42 AM Updated: 08/30/10 11:47 AM

... news that consumer spending increased in July more than it was expected to, giving hope for an economic recovery and countering last week’s reports of weak home sales.

Bloomberg reports that the spending indicates that “the economy may avoid slipping back into a recession,” and that “purchases rose 0.4 percent, the most since March, after little change the prior month.”

Reuters adds, “The income and spending report was a relief after a raft of weak data for July that had fueled fears economic growth might continue to slow during in the third quarter.”

John Canally, an economist at LPL Financial in Boston, told the wire: “On the real wage side, you had a good bump that’s a sign that income is recovering from the recession. On the spending side, the quarter is off to a solid start.”

http://www.politico.com/politico44/perm/0810/suggested_reading_d4c857cf-b052-4ed0-9547-29f1cd40c566.html

 

[Luk]

Bloomberg? Reuters? How about some credible sites.

 

[Beco]

Bam whining he can't get bills passed. He must have stopped bribing for votes.

It's the Chicago way......sick of hearing about that

 

[IrezumiKiss]

Bloomberg? Reuters? How about some credible sites.

How about Stormfront?

 

[mercury14]

Bloomberg? Reuters? How about some credible sites.

Credible sources don't tell Fris the narrative he wants to hear. So he substitutes conservative storytelling for actual information.

No matter how many times people call him on it he still goes back to the same rightie wank matertial for his "information".

 

[richard_daily]

How about Stormfront?

there's a difference?

 

[Frisco_Slug_Esq]

I see the DOW futures are poised for an opening to the down side.

They'll get optimistic before the end of the day.




After all, all the Democrats are out of town...

Okay, I admit it, I was wrong.

I was uninformed. I did not have my facts straight.

I did not realize that Obama had snuck into town and was going to begin announcing that he had new "plans" for the economy.

Once again, he lied, and tried to pas off the fiction that he was going to raise taxes on just the rich. What an economic moron...