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

[koalabear]

US economy slowed to snail's pace in second quarter
GDP comes in at 1.3 percent pace, much slower than expected



http://www.msnbc.msn.com/id/43941632/ns/business-stocks_and_economy/

 

[NeverEndingMe]

US economy slowed to snail's pace in second quarter
GDP comes in at 1.3 percent pace, much slower than expected



http://www.msnbc.msn.com/id/43941632/ns/business-stocks_and_economy/

Data Show Deeper US Recession, Sharper Slowdown
http://www.cnbc.com/id/43943125

just shows that obama doesn't know jack shit about the economy. time to give obama the ole elbow out of DC

 

[NeverEndingMe]

We haven't been downgraded, yet.
The GOP is still playing the debt ceiling tango though, there is still time.

and for your dipshit obama, "there's more time to spend baby"

 

[busybody..]

my SIG LINE is right on


Red States, Including the ‘Newly-Reds,’ Excel at Job Growth: But for them, the U.S. economy might already be in another recession.

 

[busybody..]

America under

NIGGER

NIGGERETTE

and

BYE!DUMB!

http://static1.consumerist.com/2011/07/29/5976159267_007b46a2b1_z.jpg

 

[mercury14]

Funny how you guys stopped reading once you thought the report bolstered your main point and forgot to read the conclusion, a conclusion now being played out...

The conclusion of your study was that the stimulus saved 3-4 million jobs. That's why it was in the conclusion section.

 

[unregistered]

 

[Sonny Limatina]

Was curious how Obama's low poll numbers today (40, his lowest ever) stacked up against Reagan's, with whom Obama's numbers have been very closely tracking throughout his presidency. I figured at this point, Reagan's numbers had already started their climb, and that Obama would be well below him.

Nope. Same.

http://www.gallup.com/poll/124922/Presidential-Approval-Center.aspx <--click on Reagan to get the comparison

 

[busybody..]

Was curious how Obama's low poll numbers today (40, his lowest ever) stacked up against Reagan's, with whom Obama's numbers have been very closely tracking throughout his presidency. I figured at this point, Reagan's numbers had already started their climb, and that Obama would be well below him.

Nope. Same.

http://www.gallup.com/poll/124922/Presidential-Approval-Center.aspx <--click on Reagan to get the comparison

yet ANOTHER moron that compares a growing economy with a morbid economy

 

[Sonny Limatina]

You mean moribund.

 

[koalabear]

yet ANOTHER moron that compares a growing economy with a morbid economy

Not to mention Reagan is dead.

 

[busybody..]

Not to mention Reagan is dead.

shame

 

[busybody..]

Sputter to stall: U.S. economy dips into danger zone for recession. “When Election Day 2012 rolls around, it will be the economy rather than the debt ceiling debate or the killing of Osama bin Laden that will most influence voters. And time is running for a dramatic turnaround that will substantially lower unemployment or boost incomes. . . . The White House and its media surrogates will continue to argue that without the $800 billion stimulus, the economy would be even worse. Their models and multipliers are never questioned. But to many Americans, it looks like the car is headed back into the ditch, if it ever got out.” Where’s my Slurpee?

Yawn

Who cares

All that matters

Is

NIGGER and NIGGERETTE are A-OK

and

Golfin n Partyin

With BLING BLING!​

 

[eyer]

Sputter to stall: U.S. economy dips into danger zone for recession. “When Election Day 2012 rolls around, it will be the economy rather than the debt ceiling debate or the killing of Osama bin Laden that will most influence voters."

E. Conomy is, indeed, what stands between Obama and a second term...

 

[Sean Renaud]

Hmmmm. Obama stops spending money and the economy slows to a near stall. I got a great idea guys. Lets cut spending if I look at what happened over the last two years I can garantee that cutting spending will increase revenues and then the economy will explode.

 

[NeverEndingMe]

The conclusion of your study was that the stimulus saved 3-4 million jobs. That's why it was in the conclusion section.

why did we need those government jobs to begin with? yes i know, you are all things government.

the king is dead, long live the welfare state

 

[koalabear]

12,143.24Down-96.87 -0.79%

 

[eyer]

WAR is coming!

by Kirk Elliott, Ph.D.

"Over the last couple of weeks I've been watching the speeches of President Obama, House Majority Leader Boehner, Senator Reid, and a host of other influential power brokers inside the beltway and on Wall Street. The crisis of the debt ceiling has turned into something much worse than a financial problem – it has completely morphed into a political problem, which will ultimately result in a geo-political problem.

"There are many parties to blame in this mess, but the fact remains that both sides of the fence have an intense hatred for each other.

"President Obama, through his rhetoric, is manufacturing, creating, fertilizing (however you want to say it), class warfare, race warfare and a social uprising that could bring our country down from within.

"Forget the debt issue for a moment. Just focus on the words that are being said … [paraphrase of speeches given on Friday, July 22, and Monday, July 25, 2011] "The Republicans won't compromise, they want to keep giving tax breaks to the wealthy and to the jet-setting corporate elite. Instead they would rather tax heavily the poor of society, the people receiving social security, Medicare and Medicaid."

"WHAT?!?!?!

"Obviously Mr. Obama does not understand our current tax code. Corporations in America have the highest corporate tax rates in the Western world. We also have a progressive tax (one of the planks of the Communist Manifesto envisioned by Karl Marx) so the wealthiest pay the heaviest burden of taxes already.

"President Obama also stated that raising the debt ceiling does not give Congress the authority to spend more money, it is just giving them the money they need to fulfill the bills they have already passed.

"WHAT?!?!?!?!

"That makes no sense! Giving them more money means they will spend more money. If they have run out (which they have), then they should repeal some of the bills already passed. Chalk it up as an "OOPS! We shouldn't have passed this bill in the first place if we had no money."

"I think that the Republicans are trying to do the right thing. They proposed a bill through the legitimate legislative process and passed it, but the president will veto it. So the blame game continues in that nobody is willing to compromise.

"These kind of polarized beliefs have the potential not only to fail to uphold the Constitution and the valid legislative process that has been followed, but they could actually accelerate the erosion of our Constitution.

"We have a president who is unwilling to follow the mandate of the people who elected the current Congress to cut spending and get America's financial house in order. I'm not saying their cut, cap and balance bill is perfect, but it is a step in the right direction.

"Therefore, a HUGE social spending president who has been seemingly backed into a corner may legislate via executive order if need be.

"This scares me. Our beloved country is not on the verge of a financial collapse. It is on the verge of death. This is how nations die. It is a domino effect that once the erosion starts it finishes the cycle.

"A dependent state has been created where people continue to expect something for nothing.

"We can't take care of ourselves, so please take care of us Mr. Government" is the mantra of our society. At this late stage in the game people become willing to vote away their freedoms for security.

"And Obama, rather than rallying America together and trying to salvage what is left of our great republic, is splitting us apart by playing the blame game – forcing people to choose sides.

"Well, Mr. President, I have chosen my side. I am on the side of freedom. I am on the side of fiscal responsibility. I choose the side of Biblical wisdom that says being in debt makes you a slave to your creditors.

"It's not enough to cap spending. We need to do much more. We need to repeal and take back some of the spending bills that have been passed previously and get back to a point where we are spending LESS than what we bring in through tax revenues.

"Will that hurt? OF COURSE! I'm not saying it won't, but it will hurt less than the other option … the death of our nation. Wake up America! We are on the brink."

Kirk Elliott, Ph.D., is an investment adviser with the McAlvany Financial Group in Durango, Colo. In addition to his weblog: www.kirkelliottphd.com, Dr. Elliott speaks frequently at conferences, radio and TV. Dr. Elliott and his wife are founders of Philanthropia, a 501(c)3 charitable foundation, and serves on the board of Patrick Henry College in Purcellville, Va.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=327165

It is said that illegals from Mexico in the USSA today are beginning to return to their native land...

...where the unemployment rate is only 4.7%.

Laguna de San Ignacio, anyone?

 

[Ulaven_Demorte]

by Kirk Elliott, Ph.D.
<edited to remove fear-mongering horse shit>

Cleaned that post right up.
WorldNetDaily? Really? Next you'll be C&P crap from infowars.. Oh, wait..

 

[Sonny Limatina]

Cleaned that post right up.
WorldNetDaily? Really? Next you'll be C&P crap from infowars.. Oh, wait..

For fun, google Kirk Elliott, Ph.D and check out 1) his 'investment firm' and 2) his bio page. It's a four-ticket ride through Crazyland.

There's a lot of "Dr. Elliott"s dropped on the floor on that website, you'll notice. Whenever I see that, I get curious. I know lots of very educated folks, and very few of them are comfortable dropping the 'doctor' bomb all the time. Anyway, guess where he got his doctorate? Walden University. Guess where that is? Nowhere. Online diploma mill, just like "Dr." Bachmann.

Guess who really, really believes in what he has to say? Eyer.

 

[Frisco_Slug_Esq]

The conclusion of your study was that the stimulus saved 3-4 million jobs. That's why it was in the conclusion section.

And that it was only a temporary effect and the numbers that keep coming in prove and justify everything the evil "rw" echo-machine has been saying based on NON-KEYNESIAN economics...

There is no doubt about that now, in a second, I will supply some backup evidence that all we did was delay and exacerbate, as we were stating it would.

All you see is what you want to see and what you want to se is how the Democrats swept into office and "saved" the day. jobs, their reputation AND YOURS!

 

[Frisco_Slug_Esq]

Monday, March 22, 2010 As of 4:41 PM
Landmark Health Bill Goes to Obama's Desk
Deal on Abortion Puts Biggest Change in Decades Over Top; Democrats Rejoice, but Republicans Predict Electoral Gains*
By GREG HITT And JANET ADAMY

The legislation will extend health coverage to 32 million Americans now without insurance, according to the Congressional Budget Office. It will mandate that almost every American carry health insurance—a provision that opponents are set to challenge in the courts. To help people get covered, the legislation expands Medicaid, the federal-state health program for the poor, and gives subsidies to families making as much as $88,000 a year.

Democrats are highlighting popular provisions, such as one that requires insurance companies to accept all comers, even people who are already sick. Republican critics are stressing new taxes in the bill and trims to Medicare spending needed to fund the subsidies.

...

The CBO estimates the package will hold the federal budget deficit $143 billion lower over 10 years than it would otherwise be. Republicans called the estimate unrealistic. The CBO also estimated that 95% of legal U.S. residents would have insurance by 2019, up from 83% today.**

...

A large swath of the business community opposed the changes, arguing the legislation was too broad and had too many taxes. "This will make us one of the highest-taxed regions in the world, and that's going to have an impact on the appetite for people to invest in medical innovation," said Bill Hawkins, chief executive of Medtronic Inc., which makes medical devices. He said his company could cut at least 1,000 jobs to absorb a new 2.3% excise tax on medical-device makers.

Insurers will see the heaviest regulations, with new rules that dictate how much they can reap in profit and whom they must cover.

Hospitals, doctors, drug makers and the seniors group AARP backed the overhaul, saying it will reduce the growth of health costs and make sure no one goes without care.

"This is not about health care," said Rep. James Clyburn of South Carolina, the House Democratic whip. "It's about trying to extend a basic fundamental right to people who are less powerful."***

....

Tax increases needed to finance the program would hit a range of industries, from insurers to tanning services. Over the next decade, $108 billion in new fees will fall on insurers, drug makers and medical-device companies. Families earning more than $250,000**** a year will pay a higher Medicare payroll tax, and see that tax expanded to investment income such as dividends. High-value insurance plans would be hit with a 40% tax starting in 2018.

http://online.wsj.com/article/SB100...72695022244.html?mod=rss_Today's_Most_Popular

* A Prediction that came true, U_D...
** Are those STILL the CBO predictions?
*** It's "FAIRNESS" not economics!
**** And there's a tax increase on the RICH...

Now let's move ahead today...

Boston Scientific to lay off 1,200-plus
Company mum on effect in Mass.
July 29, 2011|By Robert Weisman, Globe Staff

Boston Scientific Corp. said yesterday that it plans to eliminate 1,200 to 1,400 jobs worldwide during the next 2 ½ years to free money for new investments, the Natick medical device maker’s second major round of cuts since last year.

The company would not say how many jobs will be lost in Massachusetts, where fewer than 2,000 of its 25,000 employees are based. In February 2010, Boston Scientific said it would pare 1,300 jobs worldwide, but similarly did not say where.

...

Yesterday’s move, a day after Boston Scientific disclosed it was investing $150 million and hiring 1,000 people in China, raised fears that the company will gradually shift more work to foreign sites with less government oversight and lower costs than the United States.

http://articles.boston.com/2011-07-...latest-job-cuts-boston-scientific-investments

But HEY! Every black cloud has a silver lining!

Improving Mexican economy draws undocumented immigrants home from California
By Stephen Magagnini
smagagnini@sacbee.com
Published: Thursday, Jul. 28, 2011 - 12:00

There are fewer undocumented immigrants in California – and the Sacramento region – because many are now finding the American dream south of the border.

"It's now easier to buy homes on credit, find a job and access higher education in Mexico," Sacramento's Mexican consul general, Carlos González Gutiérrez, said Wednesday. "We have become a middle-class country."

Mexico's unemployment rate is now 4.9 percent, compared with 9.4 percent joblessness in the United States.

Read more: http://www.sacbee.com/2011/07/28/3799513/improving-mexican-economy-draws.html#ixzz1TaXfzpdK

But, unfortunately, ever silver lining still has a black cloud...

African-American Middle Class Eroding As Unemployment Rate Soars
By John Roberts
Published July 28, 2011

According to an analysis by the Economic Policy Institute, in Charlotte, N.C., the unemployment rate for African-Americans is 19.2 percent. If you add in people who have given up looking for jobs, that number exceeds 20 percent, which, according to economists Algernon Austin and William Darity, has effectively mired blacks in a depression

Read more: http://www.foxnews.com/us/2011/07/2...ing-as-unemployment-rate-soars/#ixzz1TaYOiDRk

But by all means, let's target the rich corporations and the "rich" of $250K for more taxes since that's OBVIOUSLY a winning economic strategy...

 

[Frisco_Slug_Esq]

To all of you 12%ers, you need to be taking a long look in the mirror and asking yourself, would a 12% short-term pain have been better than a terminal 1% growth coupled with unending 9% unemployment?

And we're not just going to be losing business now, municipals and states have to begin laying off and 99 weekers are running out of benefits...

And Obama still has no plan on the budget other than the podium legs of "balance..."



... and the hidden agenda of "FAIRNESS" because he's still a MARXIST!

He needs to shoot Momar to get his numbers back up.

OH SEAL TEAM 6, CALLING SEAL TEAM 6, TIME TO RESCUE YOUR PRESIDENT!!!

 

[NeverEndingMe]

omg, I vote for this post! what a dumb ass! obama is out of money...hello?


what obama needs to do is stop spending. allow the markets to gain confidence and get the C-level people spending!

just as obama has proven, government can't fix the economy. obama needs to get out of the way, and let BUSINESS get back to business.

its just that simple

fucktard

Hmmmm. Obama stops spending money and the economy slows to a near stall. I got a great idea guys. Lets cut spending if I look at what happened over the last two years I can garantee that cutting spending will increase revenues and then the economy will explode.

 

[Frisco_Slug_Esq]

As promised, the Democrat-controlled Senate has voted to table -- kill, for all intents and purposes -- Boehner's plan, which had just cleared the House. Thus, for the third time in four months, Senate Democrats have said "no" to a proactive House-passed Republican solution to stave off a debt crisis. Tonight's final tally was 59-41.

As you can tell from the vote total, a handful of Senate Republicans, who had publicly opposed Boehner's plan -- and who were fully aware that Democrats had the votes to sink the bill -- also voted no. The six names I heard were DeMint, Lee, Graham, Vitter, Hatch, and Paul. Their opposition was based on the concern that the bill does not go far enough to address the underlying debt issue. As was the case in the House, zero Senate Democrats voted for the Boehner plan. Party of ideas!

In a delicious twist, Harry Reid is now refusing to expedite a vote on his own bill. Mitch McConnell has twice offered to allow an immediate vote on Reid's bill, and Reid is refusing because he doesn't have the votes to proceed. Reid is demanding an up-or-down vote on his bill, not a cloture vote, which is common practice in the Senate. McConnell keeps pointing out how ironic it is that Reid is blocking an immediate vote on his own plan, then turning around and accusing the GOP of filibustering. How can Republicans be "filibustering" a bill for which they are actively seeking a vote? Reid then calls Republicans uncompromising obstructionists, rattling off a laundry list of bipartisan negotiations Republicans have supposedly undermined. He curiously omits the three GOP plans his party own has defeated, as well as the bipartisan framework he himself agreed to last weekend before President Obama nixed it. Selective memories are a common Democratic trait. Speaking of which, Reid is also pretending that the demand for a 60 vote threshold to proceed is a tactic invented by Republicans. This doesn't even pass the laugh test. Just ask Miguel Estrada.

http://townhall.com/tipsheet/guyben...lls_boehner_plan,_reid_obstructs_his_own_bill
http://thehill.com/homenews/senate/174483-reid-alters-debt-plan-to-attract-gop-support