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

[unregistered]

 

[JAMESBJOHNSON]

$800 Billion of stimulus for cops, teachers, social workers created nuthin that added to the stew. It simply maintained demand for a stew that got smaller.

 

[Frisco_Slug_Esq]

The recession and other economic realities common to the private sector are not apparent there...it's party time.

Why would anyone in DC worry?

They have plenty of housing starts, new jobs are always being created, you never have pay cuts or layoffs, and when they freeze your wages, it can be cured with a new job title...

*sniff* *sniff*

Reminds me of the heady halcyon days of Nixon's price controls...
__________________
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]

"Romer also admits that Barack Obama knew just how bad the economy really was when before he took office because she told him how bad it was."

http://www.thegatewaypundit.com/201...e-going-through-a-growth-less-recovery-video/

The Administration just does not mind lying to you to advance its agenda and cover-up its mistakes...
__________________
A_J's corollary #9a, “When a Republican does it, an explanation is making an excuse, when a Democrat does it, then an excuse is the rightful explanation.”

 

[RightField]

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?

And did anyone mention that continued "investment" in wasteful government spending will put us in a similar situation as Greece, but with a size and scope that Germany won't be able to bail us out like they have for Greece?

And we believe the fed and the CBO for what reason? CBO has publically iterated that they build models with assumptions that are hand-fed to them by the politicians and have acknolwedged that those constraints often prevent them from making accurate projections. For example, they were right on board with Congress when the debate about Obamacare came out and said that it would "bend the cost curve down" and save us a trillion dollars over the next 11 years. But later, when freed from the constraints of the Congressional assumptions, they said taking all factors into consideration, there are many bad assumptions they were forced to use and actually Obamacare doesn't bend the cost curve down and is going to cost lots of extra money, trillions.

Lets look at their trends (facts). For each, they got their best minds together and made their projections:

1) Stimulus - after a detailed analysis, they said it will save us from rising above 8% unemployment and it has to be signed before anyone can read it and analyze it.

Doh! wrong on that one in a big way.

2) And in the next year...they said that we're going to have a "Summer of Recovery" because of the stimulus (and that timing would follow the trend for other recessions, that new growth would come out of the trough)....but....

Doh! wrong on that one in a big way too.

3) Now that elections are drawing close and general consensus is that the stimulus was a great big waste of money, the economy is stumbling badly, unemployment remains stubbornly over 9%, and not showing any signs of a strong recovery like all of our other recessions have...they come out with a flourish and say "If not for the recession, things would have been much, much worse". <and snickering in the background saying no one can prove or disprove what we say this time>

Doh!...How can you avoid comparisions with Jimmy Carter? lol.

4) Do you want to talk about the quarterly estimates for GDP and unemployment that come out and all the democrats say "Great news, the stimulus is working now"...and then, quietly, a month and a half later the quarterly estimates are revised downwards, sometimes quite significantly and it turns out all the praise and celebration was for naught because the revised numbers (not reported in the press) are actually pretty bad.

When Bush was President...it worked just the opposite way....quarterly estimates would come out and the dems would clap their hands and say "growth was only 4% and unemployment is way up to 5.1% and the annual deficit is an unsustainable $172B, aren't these Republicans horrible!" Then six weeks later the growth and unemployment estimates would be revised to show improvements. There was an article on this published this weekend, but I can't find it now. AJ, you know where it is? It was striking...virtually every estimate during Obama's tenure has been revised down and almost every during Bush's tenure had to be revised up....funny when you think about it actually.

You can't believe anything that comes out of this administration because they don't work in the land of reality, all that's important to them is "perception" (and election) and they feel they can bend that as much as they want. Their policies are anti-business and their excessive regulations are accelerating the "outsourcing" of jobs overseas while they say how evil it is that business takes jobs outside the country. Did you see the news that foreign investment in the US is lower than outflow investment for the first time....money is leaving the US in a hurry because of these bozo politicians (which means jobs, if they ever come back, are going to come back even more slowly). They talk about growth and how new jobs are important to them while at the same time putting more taxes (or threat of taxes) to pay for all the bad programs and policies that they've implemented (stimulus is just one and Obamacare is another) and adding layer upon layer of new regulations as if hiring a million new "inspectors" is somehow going to stimulate production and have strong business multiplier effects throughout the economy.

Doh! to the whole thing.

Again, Obama's key advisor is a public relations guy, not an economist, a policy expert or an experienced government manager. He's a spin doctor.

 

[Frisco_Slug_Esq]

They deal in "Fairness..."





The currency of the looter; paid to the moocher for continued power...

[Voice=Tim Allen] AAaaaaaarrrrrrgggggggggg!!! [/voice]

 

[unregistered]

 

[Frisco_Slug_Esq]

She never admitted it to us while she was in there did she?

No, but now that's she's back in the faculty lounge, she needs to rehabilitate her reputation and wash her failure away...




Hey, she got merc and U_D though!

__________________
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

 

[JAMESBJOHNSON]

People need to get over the idea that government exists to help them. Government exists to perpetuate itself like monarchy. To this end it needs benefactors and soldiers, and to get benefactors and soldiers it collects taxes to pay the soldiers and buy time from the others.

 

[Frisco_Slug_Esq]

The Obama Car
Eric Peters
7.7.11 @ 6:07AM

Now Obama's decided to ban cars outright.

Not in so many words, perhaps, but his just-announced proposal that new cars be required by law to average 56.2 miles per gallon by 2025 will effectively do just that.

Not one car sold in the United States currently averages 56 MPG -- not even on the highway. Not even hybrids like the Toyota Prius, the best of the lot -- which maxes out at 51 on the highway and 48 in city driving. The maximum highway mileage achieved by a current non-hybrid car (the 2012 Honda Civic HF) is 41 MPG. Its average mileage is 33 MPG.

To achieve an average of 56 MPG, one or more of the following would be necessary:

* Massive reduction in vehicle weight
* Lowering weight while maintaining crashworthiness will not be cheap or easy
* Nix size
* Nix capability

All current model pick-ups, trucks and crossovers with V-6 engines would have to nearly triple their current average MPGs. Anything with a V-8 would need to do even better. Do you believe in miracles? Apparently Obama does. More likely, he knows exactly what he is doing.

Wave bye-bye to every make/model pick-up, SUV and crossover on the market. Mid-sized cars might make it -- maybe -- if they're hybridized and downsized. And they'll be priced so high that by 2025, a car like the Camry will become the equivalent of a Daimler Maybach today. A car for the uber-rich elite only.

The rest of us will be driving tuna can-sized Obama Cars.

If we're allowed to drive anything at all.

http://spectator.org/archives/2011/07/07/the-obama-car/print

But don't worry; GM is still too big to fail, you will still be subsidizing the production of the cars you cannot afford...

__________________
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

 

[unregistered]

 

[Frisco_Slug_Esq]

Big time! I thought I was watching the Hoody Doody Show.

Heh heh...





... peanut gallery...

There's a reason for releasing the truth late on a Friday before the Fourth or only much later in a classroom.

What an ethics lesson for our scholars! Mann, U would be proud!

 

[busybody..]

meanwhile

in the

real world

the one

LOON POON

pretends

NOT

to

see

we have

This

dose of reality

there are 1.9 million fewer jobs on record now than on the day the stimulus was signed into law,​

 

[unregistered]

 

[Frisco_Slug_Esq]

"Romer also admits that Barack Obama knew just how bad the economy really was when before he took office because she told him how bad it was."

http://www.thegatewaypundit.com/201...e-going-through-a-growth-less-recovery-video/

The Administration just does not mind lying to you to advance its agenda and cover-up its mistakes...
__________________
A_J's corollary #9a, “When a Republican does it, an explanation is making an excuse, when a Democrat does it, then an excuse is the rightful explanation.”

THAT's because we didn't know how bad it was...

 

[Frisco_Slug_Esq]

I'm serious, I haven't seen such instant validation of Obama economic talking points since Senior Wences...S'alright? S'alright!

It was an insignificant little admission, I can show you the math that proves it's only .0003% of the whole story about the little Depression that we turned into a big Lost Decade...

 

[unregistered]

 

[JAMESBJOHNSON]

The Obama Car
Eric Peters
7.7.11 @ 6:07AM


http://spectator.org/archives/2011/07/07/the-obama-car/print

But don't worry; GM is still too big to fail, you will still be subsidizing the production of the cars you cannot afford...

__________________
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

Its the Albanian solution. The elites drove Mercedes and the peasants rode on tipcarts pulled by tractors.

 

[busybody..]

LOON POON will tell us

Its a REPOH RAG

Its OLD NEWS

Its NOT written by a PhD

Etc etc etc

Cause LOON POON

Is NOT interested in facts

He MUST PROTECT

THE

NIGGER!​

INVESTOR’S BUSINESS DAILY: Romney’s Right: Obama Did Make It Worse.


There are 2 million fewer private-sector jobs now than when Obama was sworn in, and the unemployment rate is 1.5 percentage points higher.

• There are now more long-term unemployed than at any time since the government started keeping records.

• The U.S. dollar is more than 12% weaker.

• The number of Americans on food stamps has climbed 37%.

• The Misery Index (unemployment plus inflation) is up 62%.

• And the national debt is about 40% higher than it was in January 2009.

In fact, reporters who bother to look will discover that Obama has managed to produce the worst recovery on record.
Ouch.

 

[richard_daily]

What a circlejerk.

 

[unregistered]

 

[Luk]

What a circlejerk.

Bunch of sad, pathetic, anti-America assholes.

 

[richard_daily]

Bunch of sad, pathetic, anti-America assholes.

No kidding. They'd love nothing more than to see this country fail, just so that they could say "see, I told you so!".

It's too bad the 50's aren't coming back.. these guys would be like pigs in shit.

 

[busybody..]

WAS THE ATF’S GUNRUNNING OPERATION financed by “stimulus” funds? That would be fitting, wouldn’t it?

 

[koalabear]

No kidding. They'd love nothing more than to see this country fail, just so that they could say "see, I told you so!".

It's too bad the 50's aren't coming back.. these guys would be like pigs in shit.

I've changed sides since Obama started killing Mexicans. Re-elect Obama!