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

[koalabear]

By the way, Moody's should be publishing their 1-year followup to their assessment of the stimulus. Not that its more recent conclusions will mean anything to you either though.

They would mean as much as your typical Center for American Progress quotes.

 

[busybody..]

POON LOON

What a pathetic little sill "man"

There is NO ONE defending the indefensible, including Hussein himself

Yet, here is this puny little pathetic putrid creep

Defending

HUSSIEN

cause of his color

PATHETIC!!!!!!!!!!!!!!!!!


Revel in your silliness little "person"

PATHETIC POON

 

[RightField]

Here's the path forward. Simple, clean and effective. It's part of a explanation about why Republicans won't give in to new taxes on rich, poor or anyone else. It has to do with the desire to get to the level of taxation that has been a traditional level rather than at a new, higher level that the dems are pushing for. Now they're talking about having a vote in the senate about whether senators will go on record for "supporting billionionaires and millionaires (and jet owners) rather than feeding kids"....

... the Bush tax cuts ...become permanent, we permanently patch the Alternative Minimum Tax, and so on, then the federal government would collect an average of about 18.4 percent of GDP in revenues over the next seventy years, or about what the average has been over the last forty years.

Of course, keeping revenue stable while letting spending surge would create a Greek-style catastrophe, as annual interest payments on the national debt would exceed forty percent of GDP by 2080. How do we avoid that? Almost all factions within the GOP are united around the same answer: keep taxes where they have been for forty years, restrain discretionary spending, and reform entitlements. This is why the GOP has taken the position it has in these negotiations.

From Jay Cost...today.

 

[IrezumiKiss]

Merc, you refuse to listen to reality.

Oh, I noticed you were part in parcel with Zumi and Daily wanting to convince themselves that I'm a racist........... Thank you.

I don't have to convince myself or anyone else of anything. It really put some burrs under your ass that you were shamelessly cocksucking JAMESBRACISTSHIT's stupidity jizz and got your card pulled on it, didn't it?

Good. You keep on calling yourself what you really are, nobody else has to say shit when you're an open book, softcover edition.

 

[mercury14]

Here's the path forward. Simple, clean and effective. It's part of a explanation about why Republicans won't give in to new taxes on rich, poor or anyone else....

Almost all factions within the GOP are united around the same answer: keep taxes where they have been for forty years, restrain discretionary spending, and reform entitlements. This is why the GOP has taken the position it has in these negotiations.

From Jay Cost...today.

Republicans won't give in to new taxes, huh? From Reuters... today

"Republicans back new revenues in debt deal: Kyl"

WASHINGTON (Reuters) - Republicans have tentatively agreed to between $150 billion and $200 billion in increased revenues in budget talks, Republican Senator Jon Kyl said on Wednesday.

http://news.yahoo.com/republicans-back-revenues-debt-deal-kyl-220616334.html


Republicans can't even say the word "tax increase". It's now called a "revenue increase". More hilariously, when Democrays try to close tax loopholes on companies or end tax breaks on Exxon (the most profitable company the world has ever known), it's a tax hike. When republicans do these things it's a revenue increase.

 

[mercury14]

They would mean as much as your typical Center for American Progress quotes.

Quote me where I quoted them just one time. I'll wait. Oops, caught in another lie?

 

[mercury14]

Look at my initial post, yeah, the one from September '09..

The Cap'n is still waiting for the crippling inflation and economic collapse he's been waiting for since Obama was elected.

But... the Obama-pocalypse is just around the corner! Not this corner, the next one. Er no, wait, the NEXT corner after that. Or the one after that.

 

[Ulaven_Demorte]

But... the Obama-pocalypse is just around the corner! Not this corner, the next one. Er no, wait, the NEXT corner after that. Or the one after that.

They just keep beating the same drum hoping for the stopped clock to finally be right so they can screech "I told you so!"

 

[RightField]

They just keep beating the same drum hoping for the stopped clock to finally be right so they can screech "I told you so!"

Maybe you didn't notice, but it's pretty bad now. There are lots of people on unemployment and who have been on it for 6 months and more.

 

[RightField]

They just keep beating the same drum hoping for the stopped clock to finally be right so they can screech "I told you so!"

Maybe you didn't notice, but it's pretty bad now. There are lots of people on unemployment and who have been on it for 6 months and more and not many prospects for the economy turning around anytime soon.

 

[RightField]

It would be unfortunate if they cave in and let the dems tax us more. At least I hope that they get massive spending reductions to bring us back into line with traditional levels of spending.

 

[Sean Renaud]

It would be unfortunate if they cave in and let the dems tax us more. At least I hope that they get massive spending reductions to bring us back into line with traditional levels of spending.

Can you explain to me how you think laying off government workers will decrease unemployment?

Can you explain to me how you think less people receiving government aid will improve the economy?

 

[RightField]

Can you explain to me how you think laying off government workers will decrease unemployment?

Can you explain to me how you think less people receiving government aid will improve the economy?

Yes. I'd be happy to. Do a little research on your own and then I'll write a summary for you.

 

[IrezumiKiss]

Yes. I'd be happy to. Do a little research on your own and then I'll write a summary for you.

Wow, this little diamond-hard deer pellet should be a clinch for the Non-Answer Of The Week Award.

 

[RightField]

Wow, this little diamond-hard deer pellet should be a clinch for the Non-Answer Of The Week Award.

succinct eh? glad you appreciate good work.

 

[IrezumiKiss]

succinct eh? glad you appreciate good work.

Well, there's nothing like a good ol' "do your own homework" standby excuse to get out of being stumped and put on stage with no material!

 

[RightField]

Well, there's nothing like a good ol' "do your own homework" standby excuse to get out of being stumped and put on stage with no material!

There's plenty of material on the philosophy and history of smaller government leading to more robust economic growth and lots of examples of the other as well. Care for a new home Ms. Antoinette? A thinking man would be able to find plenty of examples...that and it's getting to be my bedtime are two good reasons to let my friend do a little of his own research. A little homework is always a good thing no matter what a person's age.

 

[IrezumiKiss]

There's plenty of material on the philosophy and history of smaller government leading to more robust economic growth and lots of examples of the other as well. Care for a new home Ms. Antoinette? A thinking man would be able to find plenty of examples...that and it's getting to be my bedtime are two good reasons to let my friend do a little of his own research. A little homework is always a good thing no matter what a person's age.

But his questions seem like something you should be able to answer straight up with no pause even while blindfolded and drunk off of ten glasses of bourbon.

At least that's the impression you're giving us here, which is probably why he asked you in a forum created for discussions. Any ol' body can do a Google search, but if that's all it takes to get through life, then why do we bother talking to each other? And you probably could've answered the questions by now instead of dodging the ball and flubbing the spike, given the roughly hour and thirty minute time zone between his question and this post.

Can't really make things happen with seems and probablys, can we?

Oh well. A good night's sleep is important for one's health! In this, you are definitely in the right, Right!

 

[mercury14]

Yes. I'd be happy to. Do a little research on your own and then I'll write a summary for you.

Did you see the fed and CBO both came out this week to say that substantial cuts to government spending right now would probably turn the recovery into another recession?

 

[busybody..]

Did you see the fed and CBO both came out this week to say that substantial cuts to government spending right now would probably turn the recovery into another recession?

didya see both of them also saying TAX INCREASES would as well?

and that TAX CUTS need to be implemented

in fact, I posted the direct quotes

yet YOUR BOI and YOU support TAX INCREASES

WHY?

PATHETIC POON?

WHY?

 

[Frisco_Slug_Esq]

AJ and Rightfield, one question... Why do you get your information from sources that could give a fuck about informing their readers, as long as they persuade? Aren't you just as guilty as a left winger who gets their info from Michael Moore's website?

Look, we realize that the Fourth was a bad weekend for you; after a week and a half of a tireless and enthusiastic defense of the Obama-Pelosi-Reid stimulus, the White House pulled the rug out from under your feet. We get that. We see the result, you've stopped arguing and begun insulting, the wound must be deep.

But, look, we're results-orientated people, that is what matters. As much as you might hate the sourcing, the results are there. From the inception of this thread, the only reply to our "sources" has been cat-calls and heckling with little, if any, reading for comprehension of what the authors were saying, it was partisanship, racism, stupidity, yada, yada, yada, but the fact remains that the counter argument to the Socialist spin on the economy was the right one.

It was the counter argument that failed, and failed miserably. You might want to open up your mind to a little Austrian Economic Theory.

__________________
If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman of Obama's White House Council of Economic Advisors

 

[Frisco_Slug_Esq]

What's your point? No point?

That we're in for very hard times because it was decided by the great Socialist minds of the last century to go from a commodities currency to a fiat currency and then to link all those currencies so that we could not go to war against one another without economic havoc, and unfortunately, you get the same results in Peacetime if there is no discipline in your socialism, and, of course, there never is any, it just keeps demanding more and more relief for more and more victims, and in anticipation of the other show dropping on us, China is repeating our mistake in borrowing to build, so they have a bubble ripe for bursting also...

http://www.nytimes.com/2011/07/07/b...s-economic-boom.html?_r=1&partner=rss&emc=rss

The danger, experts say, is that China’s municipal governments could already be sitting on huge mountains of hidden debt — a lurking liability that threatens to stunt the nation’s economic growth for years or even decades to come. Just last week China’s national auditor, who reports to the cabinet, warned of the perils of local government borrowing. And on Tuesday the Beijing office of Moody’s Investors Service issued a report saying the national auditor might have understated Chinese banks’ actual risks from loans to local governments.

Because Chinese growth has been one of the few steady engines in the global economy in recent years, any significant slowdown in this country would have international repercussions.

 

[Frisco_Slug_Esq]

Did you see the fed and CBO both came out this week to say that substantial cuts to government spending right now would probably turn the recovery into another recession?

Again, that's the losing team again giving us their most sage and profound crystal ball gazing...



A raise in taxation would have the same damned effect, but the Democrats are hell-bent and ready to crash the economy if they don't get their symbolic tax increases on the rich; tax increase, designed, much like their tax cuts in the stimulus, to be mere window dressing that they can point to and say, SEE! tax cuts were not the answer and tax increases did not hurt us one little bit...

Now you do the same math on the tax increases that Obama is demanding that you did on cash for clunkers and tell us of what significance they will be other than enraging/delighting his base for political gain. Reminds me of the party's fecklessness in Iraq, which by the way, he PROMISED we would be out of by the end of this year, just as he PROMISED us that one trillion dollars of spending would shock us into prosperity (and that government spending can NEVER be cut back...).
__________________
"As I said, we will be out of Afghanistan by the end of this year."
Barack Hussein Obama, January, 2011

A_J's corollary #8, “In times of crises, the New Age Liberal calls for more government and higher taxes. In times of plenty, the New Age Liberal calls for more government and higher taxes. The primary motivation is always Crusader-like Altruism and the illusion of ‘fairness.’”

Q: You favor an increase in the capital gains tax, saying, “I certainly would not go above what existed under Bill Clinton, which was 28%.” It’s now 15%. That’s almost a doubling if you went to 28%. Bill Clinton dropped the capital gains tax to 20%, then George Bush has taken it down to 15%. And in each instance, when the rate dropped, revenues from the tax increased. And in the 1980s, when the tax was increased to 28%, the revenues went down.
A: What I’ve said is that I would look at raising the capital gains tax for purposes of fairness. The top 50 hedge fund managers made $29 billion last year--$29 billion for 50 individuals. Those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That’s not fair.
Q: But history shows that when you drop the capital gains tax, the revenues go up.
A: Well, that might happen or it might not. It depends on what’s happening on Wall Street and how business is going.
Source: 2008 Philadelphia primary debate, on eve of PA primary Apr 16, 2008

 

[Frisco_Slug_Esq]

They just keep beating the same drum hoping for the stopped clock to finally be right so they can screech "I told you so!"

And you're waiting for an economic rebound, for going on two years now, so you can scream, we told you so!

Obama is Lincoln-FDR-Kennedy-REAGAN!






GEORGE WASHINGTON!

And this is not Armageddon, this is the new normal that we've been telling you that the Socialist economics of "Fairness" always leads to because once you justify plunder to yourself in the name of fairness and inequality, the search for injustice and redistribution becomes a witch-hunt.

I would recommend you read Bastiat or von Mises, but you only get your news/information from sources you trust, sources that tell you government spending is magic economic pixie-dust...
__________________
If you ask your government to treat everyone "fairly," the only way it can ever accomplish that task is to treat someone "unfairly."
A_J, the Stupid

 

[Frisco_Slug_Esq]

But, at least, the White House staff is getting raises...




http://gawker.com/5818310