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

[koalabear]

Thanks for the reminder..

DJI closed at 12,479 yesterday.

Consumer price index is up 1.6% from 12 months ago

Average price for a gallon of gas still below the average high of $4.12 per gallon in July of 08 at $3.67 ($3.21 on my way home). Crude oil is about $50 per barrel cheaper than the price at the same time. http://http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=&city3=&crude=y&tme=72&units=us

In other news, China is still willing to loan us money despite the childish foot stomping of the Right in Congress.

The market wasn't open yesterday.

Stocks tumble on global debt woes
World markets slide after Friday's weak reading on consumer sentiment and results of European bank stress tests. Halliburton reports a 54% jump in earnings. Gold prices soar.


Updated: 07/18/2011 11:36 ET
DOW 12,328.55 -151.18

 

[koalabear]

Gold rallies past $1,600 amid economic fears
The metal hits record highs as investors worry about the persistent debt crisis in Europe and the potential for a default in the US.

 

[unregistered]

 

[busybody..]

elimiate drunk drivers!!!!!!!!!!!!





































raise permissable alchohol levels to 73.1

 

[MeeMie]

Obama’s economic policies have produced the weakest, most anemic recovery since the 1930s, when another generation’s big-government planners turned their great recession into the Great Depression.

Obama has, to borrow his own phrase, put his “boot on the neck” of American businesses with his increased taxes and regulatory burden; he has grown government with his wildly increased spending and outright take-overs; and he has weakened the dollar with his “quantitative easing” printing press.

The devastation caused by Obama’s economic policies is now undeniable.

According to Investors Business Daily:

• 2 million net private-sector jobs have been lost;
• unemployment has increased by 1.5 percentage points;
• long-term unemployment is the worst ever on record;
• the dollar is 12 percent weaker;
• the number of Americans on food stamps has increased by 37 percent;
• the Misery Index (unemployment plus inflation) has increased by 62 percent;
• the national debt has exploded by an alarming 40 percent

Mr. Obama is on pace to saddle America with more job-killing debt than all the first 43 presidents — combined.

By now the inevitable effect of the Obama administration excessive government on the economy is too well known to pass off to previous administrations.

 

[Sean Renaud]

Mr. Obama is on pace to saddle America with more job-killing debt than all the first 43 presidents — combined.

I'd address the rest of the lies and misdirects but this one is my favorite as it's complete unadulterated not even a kernel of truth in there bullshit. Whether you're a liar for repeating it or an idiot for not understanding it isn't important.

 

[busybody..]

But do you KNOW who MOODY's IS?


Screw Moody’s

From Wiki

Moody’s has been accused of “blackmail”. In one example the German insurer Hannover Re was offered a “free rating” by Moody’s. The insurer refused. Moody’s continued with the “free ratings”, but over time lowered its rating of the company. Still refusing Moody’s services, Moody’s lowered Hannover’s debt to junk, and the company in a few hours lost $175 million in market value.[6]

“As the housing market collapsed in late 2007, Moody’s Investors Service, whose investment ratings were widely trusted, responded by purging analysts and executives who warned of trouble and promoting those who helped Wall Street plunge the country into its worst financial crisis since the Great Depression. A McClatchy investigation has found that Moody’s punished executives who questioned why the company was risking its reputation by putting its profits ahead of providing trustworthy ratings for investment offerings.”[7]

Portugal‘s foreign debt downgrade to the category Ba2 “junk” has infuriated the European Union and Portugal alike. Moody’s has been accused of fuelling speculation and bias towards European assets. Furthermore the legitimacy of US based rating agencies has also been put in question.[8] State owned utility and infrastructure companies like ANA – Aeroportos de Portugal, Energias de Portugal, Redes Energéticas Nacionais, and Brisa – Auto-estradas de Portugal were also dowgraded despite having solid financial profiles and significant foreign revenue.

Portuguese citizens promptly classified Moody’s actions as economic terrorism and spawn several initiatives on social sites, namely Facebook, to express their outrage. Mainly the initiatives were aimed at disrupting Moody’s website. On the 11th of July, the website was temporarily unavailable in Portugal and a few other countries, due to a coordinated DDoS attack. Portuguese IP’s were temporarily blocked from the web server in order minimize the disturbance.[9

Raymond W. McDaniel, Jr. is chairman and chief executive officer of Moody's Corporation., the parent company of Moody's Investor Services and Moody's Analytics

Mr. McDaniel has also been the subject of significant scrutiny for the timing of his stock sales. "If you look at his major sales in 2007, 2009, 2010, they are all around price peaks and followed by large declines. The likelihood that this is just 'lucky' is very low — it appears he is using inside information to time his trades,said Jesse Fried, a Harvard University law professor who studies stock trading by CEOs.",[6] In one instance, Mr. McDaniel executed a trade for some 100,000 shares of stock on the day the firm received notice from the Securities and Exchange Commission that the company was the subject of probes by the regulatory agency. The day the announcement of the SEC “Wells Notice” was made public (and following Mr. McDaniel’s transactions), Moody’s stock dropped by 6.807.[7]

Mr. McDaniel has expressed in congressional committee testimony that he was “deeply disappointed” in the performance of the part of his firm which rated the collateralized debt obligations prior to the collapse of the housing market in 2008.[8] However, efforts by company employees to report improperly evaluated financial products were handled slowly, and little publicity was drawn to subsequent revisions of financial models on which the evaluations were based. Moody’s, and Mr. McDaniel personally, were named in a civil lawsuit alleging employees who reported such actions were subjected to “defamation, injurious falsehoods and tortious interference with business relationships” through “malicious, false and/or scandalous statements”

 

[MeeMie]

Mr. Obama is trapped in the mistaken belief that America's problems can only be solved by growing our government ever larger, using a "progressive" worldview that conceives solutions to all problems as government solutions. Progressives see humanity as a mass of dumb and pitiful low-level creatures needing guidance by a few wise and magnificent superiors.

Obama is dictating conditions for any debt resolution plan by refusing to accept deals that would raise the federal debt ceiling because they would require him to accept cuts in wasteful green-jobs and rail boondoggles and stimulus spending.

The president has made a bipartisan agreement even more difficult by declaring certain spending off-limits to cuts:
$1 trillion health-care reform, $128 billion in unspent stimulus funds, education and training outlays, $53 billion high-speed rail proposal, spending on 'green' jobs and student loans, and virtually any structural changes to entitlements except further squeezing payments to doctors, hospitals and health-care professionals.



Barack Obama has turbocharged the Bush era spending trend with trillion-dollar-plus deficits as far as the eye can see.

Obama created a national debt crisis for which his dictated preconditions serve as roadblocks.

The central feature in Obama's debt solutions consists of enacting additional taxation on the nation's biggest employers, small businesses. Such "solutions" would further wither the withering Obama economy.


Barack Obama understands little about sound economics but a great deal about ideological agenda pushing.

The American people will not experience anything resembling sound economics from the Ideologue in Chief. In the debt resolution standoff, if Republicans blink and agree to raise taxes on Americans, we shall suffer Obama's ideology all the way down.

The distance to the bottom is anyone's guess - well on the pace to saddle America with more job-killing debt than all the first 43 presidents -- combined:

"on pace projections" - According to the non-partisan Congressional Budget Office Obama’s deficits could reach 9.3 trillion dollars:

http://farm2.static.flickr.com/1384/5126314522_89721cfec7.jpg

http://msnbcmedia4.msn.com/i/MSNBC/Components/ArtAndPhoto-Fronts/BUSINESS/090223/DeficitChart2.gif


Obama borrowed more money from China than all of the presidents preceding him:
http://upload.wikimedia.org/wikiped...of_U.S._Long-Term_Treasury_Debt_2005-2010.PNG





Under the Democrats, our national deficit tripled in the course of a single year!


Obama added more to the national debt in his first 19 months than ALL Presidents from Washington Through Reagan Combined!


Total federal government debt rose past $13 trillion for the first time in June 2010 and is on track to surpass U.S. Gross Domestic Product by the year 2012, according to projections just issued by the International Monetary Fund.

 

[mercury14]

That's one way of solving the bond ratings issue! Fucking Moody's




Moody's Suggests US Eliminates Debt Ceiling

Ratings agency Moody's on Monday suggested the United States should eliminate its statutory limit on government debt to reduce uncertainty among bond holders.

http://www.cnbc.com/id/43790768

Virtually every economist thinks this. Or maybe not virtually. Can you find a single one with any standing at all who thinks otherwise?

 

[mercury14]

Obama’s economic policies have produced the weakest, most anemic recovery since the 1930s, when another generation’s big-government planners turned their great recession into the Great Depression.

Obama has, to borrow his own phrase, put his “boot on the neck” of American businesses with his increased taxes and regulatory burden; he has grown government with his wildly increased spending and outright take-overs; and he has weakened the dollar with his “quantitative easing” printing press.

The devastation caused by Obama’s economic policies is now undeniable.

According to Investors Business Daily:

• 2 million net private-sector jobs have been lost;
• unemployment has increased by 1.5 percentage points;
• long-term unemployment is the worst ever on record;
• the dollar is 12 percent weaker;
• the number of Americans on food stamps has increased by 37 percent;
• the Misery Index (unemployment plus inflation) has increased by 62 percent;
• the national debt has exploded by an alarming 40 percent

Mr. Obama is on pace to saddle America with more job-killing debt than all the first 43 presidents — combined.

By now the inevitable effect of the Obama administration excessive government on the economy is too well known to pass off to previous administrations.

No you lying dipshit, that is not "according to Investor's Business Daily". It's from investors.com. That's the IBD's sub-website for opinion pieces and blogs where they let people make partisan rants. By the way, your source's author is anonymous.

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=576169&p=2


Again, link your shit. Stop lying about who your sources are. And stop lying about what they're saying. Trying to pass off the ravings of some anonymous bullshitter as the official position of IBD is utter lying crap on your part. Once again MieMee is busted as a fraud.

 

[IrezumiKiss]

No you lying dipshit, that is not "according to Investor's Business Daily". It's from investors.com. That's the IBD's sub-website for opinion pieces and blogs where they let people make partisan rants. By the way, your source's author is anonymous.

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=576169&p=2


Again, link your shit. Stop lying about who your sources are. And stop lying about what they're saying. Trying to pass off the ravings of some anonymous bullshitter as the official position of IBD is utter lying crap on your part. Once again MieMee is busted as a fraud.

It's a little early, but this post is the front runner for the Official Bitch Slap Of The Week award.

http://www.deathvalleymag.com/wp-content/uploads/2010/03/Batman-Bitch-Slap.jpg

 

[unregistered]

 

[Sean Renaud]

Obama added more to the national debt in his first 19 months than ALL Presidents from Washington Through Reagan Combined!

Repeating the same lie over and over again doesn't make it true MeeMie.

 

[unregistered]

 

[mercury14]

Imagine their glee if we cancelled the Constitution and made everyone slaves to international bankers. Think of the economic expansion we could have today if only we could codify into the law the future earnings and prosperity of the next ten generations. Democrats and commies like you could jack off all day and night at the possibilities.....³

Let's all forget the principle founding principle of the United States, limited government. What the hell, right?

Imagine if you could find just one economist supported your position.

 

[mercury14]

Who would know better than you? You've spent your whole fucking life being bitch slapped.³

No Vette, MeeMie just got busted in a lie. Don't defend his phony shit unless you want to get busted again too ($2 bn India trips, your secret official list of card-carryin' socialists in the Democratic party, etc).

 

[koalabear]

No you lying dipshit, that is not "according to Investor's Business Daily". It's from investors.com. That's the IBD's sub-website for opinion pieces and blogs where they let people make partisan rants. By the way, your source's author is anonymous.

http://www.investors.com/NewsAndAnalysis/Article.aspx?id=576169&p=2


Again, link your shit. Stop lying about who your sources are. And stop lying about what they're saying. Trying to pass off the ravings of some anonymous bullshitter as the official position of IBD is utter lying crap on your part. Once again MieMee is busted as a fraud.

Investor's Business Daily Type Daily newspaper
Format Broadsheet
Publisher William J. O'Neil
Founded 1984 (as Investor's Daily)
Headquarters 12655 Beatrice Street
Los Angeles, CA 90066
United States
Circulation 210,708 (2006)[1]
Official website investors.com


You just MORON slapped yourself.

 

[IrezumiKiss]

Who would know better than you? You've spent your whole fucking life being bitch slapped.³

This was the best comeback you could squeeze out of your sponge? What you're replying to wasn't even directed to you, but you jump in uninvited looking to put back the shine on your boyfriend's ass and come with this limp dick weak shit? Disappointed, Vette.

You must've forgotten your dog-eared thesaurus on the commode this morning after your prune breakfast, Methuselah. I know your benighted ass thinks it's all that and a bag of chips, but you best step your game up and get crisp again before you start smelling like a jackwagon.

bwahahahahahaha³

 

[mercury14]

Investor's Business Daily Type Daily newspaper
Format Broadsheet
Publisher William J. O'Neil
Founded 1984 (as Investor's Daily)
Headquarters 12655 Beatrice Street
Los Angeles, CA 90066
United States
Circulation 210,708 (2006)[1]
Official website investors.com


You just MORON slapped yourself.

Listen twit, Investors Business Daily is a newspaper first and foremost. They host a website where they have an opinion page. MeeMie's link was from their opinion page and is written by "anonymous guy who blames Obama for the recession".

Get your facts straight.

 

[koalabear]

Listen twit, Investors Business Daily is a newspaper first and foremost. They host a website where they have an opinion page. MeeMie's link was from their opinion page and is written by "anonymous guy who blames Obama for the recession".

Get your facts straight.

Liar, IBD's sub-website, your post.

IBD says it is their official website. Yes, newspapers have web sites. Amazing isn't it. MORON

 

[mercury14]

Liar, IBD's sub-website, your post.

IBD says it is their official website. Yes, newspapers have web sites. Amazing isn't it. MORON

Yeah meant sub-section. What's your point? That MeeMie wasn't lying when he attributed anonymous guy's rant to the position of IBD?

 

[unregistered]

 

[unregistered]

 

[mercury14]

I can find many willing to impose discipline on the Congress. The debt limit is an attempt to impose such discipline, without it we wouldn't even be having this debate, and would have much less of an idea when were "going Greece."

Show a respected economist that says we shouldn't raise the debt ceiling. Just one. How many times do I have to ask for such a small shred of credence for this position so many on the right have?

 

[IrezumiKiss]

I'm not defending anyone, I'm attacking Zoomie's attempt annointing a bigger bitch slapping victim than himself. If I choose to defend somebody, all you'll be able to do is put your hands in your lap, press your knees together, and hope nobody sees the puddle...sweetpea.³

Gran'paw, please.

You had nothing to say, so all that bullshit was about you coming to the rescue of your bottom. If anyone's getting annointed up in here, it's you from standing downwind of my live stream of warm yellow holy water.

Don't worry, I barely drink or eat anything that's plastic or processed, so it's good for you. The slap will come later, so open wide, bitch.