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

[Byron In Exile]

"That is, a partial tax cut extension is worse for the economy than a full extension, even though the full extension grows the national debt by more."

That makes just about no sense at all.

 

[Frisco_Slug_Esq]

TARP II: Banks and Business Don't Want It
By Larry Kudlow

\President Obama is crowing about his small-business bill, signed into law on Monday. "It was critical that we cut taxes and made more loans available to entrepreneurs," he said. Trouble is, small businesses and community banks don't want Obama's $30 billion program. That's right. They don't want it.

An AP story quotes community bankers who do not want the Treasury Department or other federal agencies to own stock in their banks. They know the regulatory takeover risk that will come with this program. Next thing you know, the government will order banks to make unaffordable mortgages available to low-income folks, or perhaps force business loans on the basis of race or gender.

"We have taken a strategic decision not to have our primary regulator, the government, also be a partner in our bank," said William Chase Jr., CEO of Triumph Bank in Memphis, Tenn. The upshot is that Obama's whacky $30 billion mini-TARP is likely to be rejected by the vast majority of small banks. They took a look at the TARPed-up regulation overhanging the big banks, and they don't want any part of it.

It's like Tony Soprano announcing he's about to become your business partner, like in Goodfellas...


__________________
A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States...,
John P. Holdren
White House Office of Science and Technology Director

“And guess what this liberal will be all about? This liberal will be all about socializing, uh, uh… would be about basically about taking over the government running all of your companies.”
Maxine Waters

"I pray God when the Democrats take back control we don't make the kind of naked power grab you are doing."
...
"You know we're going to control the insurance companies."
Joe Biden

The want of confidence in the public councils damps every useful undertaking, the success and profit of which may depend on a continuance of existing arrangements. What prudent merchant will hazard his fortunes in any new branch of commerce when he knows not but that his plans may be rendered unlawful before they can be executed? What farmer or manufacturer will lay himself out for the encouragement given to any particular cultivation or establishment, when he can have no assurance that his preparatory labors and advances will not render him a victim to an inconstant government?
Madison, Federalist 62.


There is black and white, and if you refuse to believe that, then you will accept grey and let me tell you gray tends to black for when you say ∃ of anything is a good function of government then ∃ is everything ¬∀ and while you may be able to advocate for ∃ you won't be allowed to define it and in this manner its limit will be ∀ for ∑f(∪∃) [i=from you to the total population] will never tend to ∅ by definition so it is easy to see that it is, indeed, an ∀ or ∅ when it comes to government. (Now, the ∑f(∩∃) [i=from you to the total population] will tend to ∅ but that is politically unattainable for the obvious reason that the more ∃ is defined, the smaller the ∩∃ becomes.)
A_J, the Stupid

 

[Frisco_Slug_Esq]

So what's the real problem? It's the economy, stupid. And it will get worse should the entire Bush tax-cut plan, including the alternative minimum tax, wind up in flames at year-end. If the Bush rates expire, an already sluggish recovery will be doomed. That's the real issue.

But Obama thinks his $30 billion mini-TARP will do the trick. Most folks may not know it, but as part of this plan, the Treasury would buy stock in the community banks that qualify, with those banks having to pay an annual dividend of 5 percent to the government. If those banks make loans to small businesses, the dividend payment might drop to 4 percent. But if they don't use the money for loans, the dividend payment becomes a penalty at 7 percent. That amounts to Treasury control of the small banks that play this silly game.

Who in their right mind would sign up for this? This is government-planning intervention almost beyond belief.

Now, the Obama plan includes some tiny targeted tax cuts for capital gains and faster business depreciation. But why not universalize those ideas for all businesses on a permanent basis, instead of just small-ball targeting? If you believe those investment-related tax cuts will work for a year for small businesses, why not believe they will work permanently for all businesses?

Just lower the cost of capital and raise the investment return permanently to reignite sagging animal spirits in the economy. Then let markets -- not government planners -- make the final decisions.

Larry Kudlow

 

[Byron In Exile]

"President Obama is crowing about his small-business bill, signed into law on Monday. 'It was critical that we cut taxes and made more loans available to entrepreneurs,' he said."

He's full of more and more shit by the day. Hopefully he won't explode before November.

 

[Frisco_Slug_Esq]

But let's face it, we all know what the problem is. It's racism. All these business people would rather lose their businesses than to see a black President succeed.



Uh-huh *head nod*

Racist HATE!
__________________
“The federal government, yes, can do most anything in this country.”
Fortney Hillman "Pete" Stark, Jr. (D)

"It really doesn’t prohibit the government from doing virtually anything — the federal government. So I don’t know the answer to your question, because I am not sure there is anything under current interpretation of the commerce clause that the government couldn’t do."
John Yarmuth (D)

“Are you serious? Are you serious?”
Nancy Pelosi (D) (on being asked, can you find it in The Constitution?)

 

[Frisco_Slug_Esq]

"President Obama is crowing about his small-business bill, signed into law on Monday. 'It was critical that we cut taxes and made more loans available to entrepreneurs,' he said."

He's full of more and more shit by the day. Hopefully he won't explode before November.

He talks about how tax cuts work, but then consistently succumbs the the political power of wealth envy...

He's Black and WHITE and red all over!

__________________
"[T]he principle of equality is most acclaimed by those who expect to gain more than they lose from an equal distribution of goods. Here is a fertile field for the demagogue. Whoever stirs up the resentment of the poor against the rich can count on securing a big audience."
Ludwig Heinrich Edler von Mises

The more government impedes upon the market with good intention and positive interference, the more expensive that market becomes and the maxim that you get what you pay for becomes outed as an out-and-out lie.
A_J, the Stupid

 

[Ulaven_Demorte]

I never claimed to have predicted the end of the recession.

Let me point out that when this thread began, you were all over the fact that the market was climbing and all the LEIs were up (but when the DOW fell, you paid no attention to the daily ups and downs, a meaningless indicator). This is what? the third, or the fourth time that that has happened?

You didn't?
http://forum.literotica.com/showpost.php?p=35349069&postcount=2779

The recession ended, as recessions have always done before. But while we seem to be recovering, we have not yet recovered. The real issue is the strength of this recovery, and whether government "fixes" helped or hurt. I think they hurt and are still hurting.

Here is what I wrote in April:

"Pretty much no matter how you measure it, the Great Recession ended some time between June and December 2009 -- last year. I'm betting that the National Bureau of Economic Research says exactly that very soon. And my best guess of the NBER's best guess is June 2009." *

The NBER took a little longer than I expected, but otherwise I was right on. Thank you.

You should get with whoever that "other person" is that's posting under your name Cap'n.

 

[firespin]

You didn't?
http://forum.literotica.com/showpost.php?p=35349069&postcount=2779



You should get with whoever that "other person" is that's posting under your name Cap'n.

You're even dumber than Frisco.

He cited his source at the bottom of that post.

 

[Frisco_Slug_Esq]

You didn't?
http://forum.literotica.com/showpost.php?p=35349069&postcount=2779



You should get with whoever that "other person" is that's posting under your name Cap'n.

Good gawd damned you're stupid.

I mean, I don't like saying it, but when you go and post a link to what Randall Hoven said and then try to claim I said it, I'm sorry, but now we're on a whole new playing field because now it's not an ad hominem, it's right there staring us in the face, you'll say anything at anytime based on sloppy reasoning and a grudge.

 

[Frisco_Slug_Esq]

SPEAKING OF idiots who hold a grudge...

 

[Ulaven_Demorte]

Good gawd damned you're stupid.

I mean, I don't like saying it, but when you go and post a link to what Randall Hoven said and then try to claim I said it, I'm sorry, but now we're on a whole new playing field because now it's not an ad hominem, it's right there staring us in the face, you'll say anything at anytime based on sloppy reasoning and a grudge.

Oh, my mistake.. the italicized portions weren't *You* interjecting something into the quoted C&P? But the author of the article felt the need to emphasize his own back slapping?

 

[Frisco_Slug_Esq]

You need to start, at some point in your life, to read with comprehension.

 

[unregistered]

 

[Ulaven_Demorte]

You're even dumber than Frisco.

He cited his source at the bottom of that post.

Holy shit Firespun.. that was some lightning quick trolling right there. You're setting the bar.

 

[Ulaven_Demorte]

You need to start, at some point in your life, to read with comprehension.

When you start, for once in your life, posting your own opinions instead of echoing the thoughts of right-wingnut op-ed sources I'll think about actually bothering to read most of what you post.

Maybe.

 

[firespin]

Holy shit Firespun.. that was some lightning quick trolling right there. You're setting the bar.

It's a target-rich environment, what can I say?

No grudges necessary, just play-by-play. This stuff writes itself.

 

[Frisco_Slug_Esq]

Holy shit Firespun.. that was some lightning quick trolling right there. You're setting the bar.

Lashing out angrily won't win you friends.

Pass it on to Barack for us...
__________________
"The more he talked, the more he got upset. He needs to take a valium before he comes in and talks to Republicans and just calm down, and don’t take anything so seriously. If you disagree with someone, it doesn’t mean you’re attacking their motives — and he takes it that way and tends then to lecture and then gets upset.”
Sen. Pat Roberts (R-Kan.)

 

[Ulaven_Demorte]

Lashing out angrily won't win you friends.

Pass it on to Barack for us...

As usual, you mistake mirth for anger. You assume I'm fuming when I'm laughing my ass off at you.

 

[Frisco_Slug_Esq]

Well, he did vote for Obummer.

And is anxious for the opportunity to do it again.




HE still has a job...

Hey, did you see the Unions organizing in Europe to force an end to austerity programs? There is NO reasoning with the Left, They'd rather go broke than to sacrifice for the common good. Ironic how they demand everyone else sacrifice for the common good, no?
__________________
If you still have a job, it was "saved." If you don't have a job, it's being "created."
A_J, the Incredulous

I'm Hungary for some €PIIGS!
A_J, the Incredulous

 

[Frisco_Slug_Esq]

As usual, you mistake mirth for anger. You assume I'm fuming when I'm laughing my ass off at you.

Yeah, it was good cheer that prompted your original post and we can see the laughter dripping from your posts.




You ain't foolin' no one son...

 

[Ulaven_Demorte]

And is anxious for the opportunity to do it again.




HE still has a job...

For once you managed to post two truthful statements in a row.

Kudos!

 

[unregistered]

 

[Frisco_Slug_Esq]

I'm beginning to think they don't understand "broke."

As long as they run the printing presses, there will be plenty of wallpaper for everyone...




Hey, U_D, give us a few more months and we'll SHOW YOU the inflation.

You'll find that funny as hell too...

 

[unregistered]

 

[Frisco_Slug_Esq]

The toe sucker says its more based on how many Senators can't get to 50% and the last minute lookie loos will trend heavily GOP.





You might see an economic improvement based on growing confidence at that point unless it continues to be governed by the President of No...




At any rate he's predicting the 51 in the Senate even without the all-important Castle seat...