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

[Ulaven_Demorte]

Making your daily rounds of right wing echo chambers this morning Cap'n?

I'll tell you like I told a friend who was told they "were reading the wrong stuff" and should be reading George Will rather than "The Shock Doctrine: The Rise of Disaster Capitalism".

It's only reading the wrong stuff if you're taking one person's or group's opinion as the one truth. Read them both. Hell read them all and make up your own mind. Living in an echo chamber and allowing no dissenting voice is part of the problem with discourse today on all sides. It doesn't matter if you're talking about economics, politics, or how best to eat an Oreo cookie (personally I prefer to rip the little suckers in half and eat the filling first). Look at all sides and decide which you believe rather than let anyone spoon feed you their opinion.

Thinker, Mises, Pajamas..

Such wide and varied sources of information you have.. Right, far right, and fucking whacko right.

 

[Frisco_Slug_Esq]

Mises is pure economics by economists to enlighten the general population should they care to read anything other than their partisan sources, it is certainly not rw-Republican...




Since you are unable to understand what they posit, you ad hominem them.



MEANWHILE, the economy is still doing what all these LYING sources said it would do and still you bleat,

WHO YOU GONNA BELIEVE BITCH! ME, OR YOUR LYING EYES...

 

[Frisco_Slug_Esq]

It is popular today to blame capitalism for everything that displeases. Indeed, who is still aware of what he would have to forego if there were no "capitalism?" When great dreams do not come true, capitalism is charged immediately. This may be a proper procedure for party politics, but in Scientific discussion, it should be avoided.
Ludwig von Mises
A Critique of Interventionalism (1929)

 

[Frisco_Slug_Esq]

Great Economic News!


Turbo Tax Cheat Timmah! to stay in place through 2012 until Republican replacement named!

http://www.nytimes.com/2011/08/04/us/politics/04geithner.html?partner=rss&emc=rss



Futures down 100 points on news...

 

[Frisco_Slug_Esq]

Good News for Karen Kraft:

http://www.foxbusiness.com/2011/08/04/kraft-lifts-outlook-as-profit-rises-42/

I wonder which company she gets to keep...

 

[unregistered]

 

[Frisco_Slug_Esq]

Ironically, he might be the most ethical player in the Administration in the light of gun-running in exchange for ignoring coke shipments from the cartel getting the guns...

 

[NeverEndingMe]

He continues to add his abundant integrity to the Obama cabinet.

Can you imagine how much money the treasure would collect if all of obama's czars filed and paid their income taxes?


yes I know, this is America where we are equal but separate

 

[RightField]

This has an economic theme to it at it's heart...but it's also a good prediction for the next 6 months of what will be happening with the liberals as they try to rationalize the obvious failure of big-government management of our nation and particularly our economy.

Liberals’ unmaking of Barack Obama
President enters predictable free-fall from godlike to Carteresque
By Dr. Milton R. Wolf
The Washington Times
7:05 p.m., Tuesday, August 2, 2011

Remember when liberals claimed Barack Obama was "probably the smartest guy ever to become president" and was "a sort of god"? Today they say "we are watching him turn into Jimmy Carter right before our eyes," and the center point of his presidency is "a disaster." So what changed exactly?

Is President Obama really a different man today than he was before he entered the Oval Office? The same Illinois legislator who voted "present" 129 times is now the debt-crisis-AWOL president who refused to present a specific plan of his own. The same presidential candidate who wanted to "spread the wealth" has unleashed redistributionist, collectivist policies on everything from health care and energy supply to runaway Keynesian spending and ever-increasing taxes. Should we be surprised?

The president may still win re-election in 2012, of course, but in recent weeks, his approval rating has crumbled, particularly among liberals, to an all-time low of 40 percent in a recent Gallup poll. Another poll shows that even among liberal Democrats, strong support for Mr. Obama's record on jobs has plummeted 22 points, to a paltry 31 percent. The hope and change of 2008 have given way to the joblessness and foreclosures of Obamanomics.

The only thing worse than the abject failure of a liberal president, at least in the eyes of the liberal, is the undeniable failure of liberalism itself. To claim Mr. Obama has been a good president no longer even remotely passes the laugh test. Consider the results thus far of the Obama presidency:

• Two million-private sector jobs have been lost.
• Unemployment jumped from 7.8 to 9.2 percent with a simply terrible 2011 first-quarter economic growth rate of just 0.4 percent.
• A record 1 in 7 Americans is on food stamps.
• Gasoline prices more than doubled, from $1.83 to $3.74 per gallon.
• National debt increased 35 percent, to $14.5 trillion, or $137,000 for each taxpayer.
• National unfunded liabilities increased 47 percent, to $114.9 trillion, or a cool $1 million for each taxpayer (and this does not yet include Obamacare).
• America is on the verge of losing its AAA credit rating.

What's worse, and was as easily predictable, is the systematic dishonesty Team Obama unleashed to persuade Americans to tolerate its big-government, collectivist agenda. America is, after all, a center-right nation with nearly 3-to-1 self-described conservatives compared to liberals. How else besides trickery could Mr. Obama further an agenda so unpopular with voters? Witness the dishonesty:

• The stimulus would keep unemployment below 8 percent.
• Stimulus funds would go to "shovel-ready" jobs.
• Obamacare would create 4 million new jobs - 400,000 almost immediately.
• You could keep your own doctor.
• The president's mother was denied health insurance.
• Obamanomics would mean a "net spending cut."

So, as the liberal presidency of Mr. Obama becomes increasingly indefensible, the liberal is faced with an unthinkable dilemma: acknowledge the fundamental failure of his collectivist liberal philosophy, which tends toward socialism, or blame its failures on a single man whom, until just recently, the liberal deified.

The conflict between liberal collectivist ideology and its application was easily predictable by anyone who has studied big-government economic failures throughout history, from the collectivist all-stars including Mao's China, Mussolini's Italy, Hitler's Germany or Stalin's Soviet Union to today's honorable mentions such as Castro's Cuba or Chavez's Venezuela. Enforcement of collectivism has always depended on government power, from Stalin's iron-fisted gulags to Mr. Obama's mere heavy-handed plan for punitive fines for failure to purchase your government-imposed health insurance. The degree of autocracy may vary, but still the collectivist road to economic ruin is universal.

Here's what I wrote one year ago:

"As President Obama's failures mount, there will be an awkward reversal of roles among liberals, and to a lesser degree, among conservatives, that we're already beginning to see. It will be the liberals, rather than the conservatives, who will decry this man as personally incompetent. In the collapse of the social-welfare state, the last bastion for these scoundrels will be to sacrifice their own anointed deity as though it is his personal failures, rather than the inherent deep flaws of statism, that are to blame. Of course, one must ask how valuable an ideology can be if one man, even (or perhaps especially) a flawed man, can destroy it.

"Conservatives will then find themselves in the uncomfortable position of defending Barack Obama personally, or at least reminding the liberals of their earlier effusive praise, in order to redirect the blame where it primarily belongs - at the feet of the statist policies themselves. The liberals will be left to explain, of course, how valuable the liberal ideology itself really is if even a learned and godlike leader cannot manage it. Further, if Barack Obama turns out not to be the deity they once claimed, what does that say of the liberals' perception (and honesty) when they eventually anoint another?"

This cycle of liberal, cannibalistic personal destruction is the predictable result of the Democrats' cult-of-personality politics. Those purveyors of big-government rule are the mob that Ann Coulter described in her recent book "Demonic," quoting Gustave Le Bon from a century ago, that "knows neither doubt nor uncertainty ... it goes at once to extremes." The absurdity of liberals' deification and then condemnation of their own leaders is second only to their unwillingness to confront the failures of their collectivist philosophy.

In the end, Barack Obama's failures as president are not because he couldn't faithfully execute the liberal collectivist philosophy - he ushered in the Obamacare era, after all - his failures are instead because he bought into the failed philosophy in the first place.

Dr. Milton R. Wolf is a board-certified diagnostic radiologist and cousin of President Obama. He blogs at MiltonWolf.com.

 

[NeverEndingMe]

why don't you fucktard obama supports want/allow/and stop trying to block the reality that government needs to live within its means!?!?

Making your daily rounds of right wing echo chambers this morning Cap'n?

I'll tell you like I told a friend who was told they "were reading the wrong stuff" and should be reading George Will rather than "The Shock Doctrine: The Rise of Disaster Capitalism".

It's only reading the wrong stuff if you're taking one person's or group's opinion as the one truth. Read them both. Hell read them all and make up your own mind. Living in an echo chamber and allowing no dissenting voice is part of the problem with discourse today on all sides. It doesn't matter if you're talking about economics, politics, or how best to eat an Oreo cookie (personally I prefer to rip the little suckers in half and eat the filling first). Look at all sides and decide which you believe rather than let anyone spoon feed you their opinion.

Thinker, Mises, Pajamas..

Such wide and varied sources of information you have.. Right, far right, and fucking whacko right.

 

[busybody..]

THIS IS WHY THE ECONOMY IS DYING!

Obama admin adds 608 regulations -- just in July!

 

[busybody..]

I think you have me confused for someone who gives a fuck what you think, lol

you post utter BS and when called on it

pretend you dont care

you cant defend anything you say cause its CRAP!

we all know it!

 

[koalabear]

Stocks tank on global growth fears

Updated: 08/04/2011 09:49 ET
DOW 11,738.86 -157.58

 

[unregistered]

 

[unregistered]

 

[koalabear]

203 down, big sell off.

U.S. Debt Reaches 100 Percent of Country's GDP

Read more: http://www.foxnews.com/politics/2011/08/04/us-debt-reaches-100-percent-countrys-gdp/#ixzz1U4PS20gW

 

[RobDownSouth]

What's a thousand points down since May? It's all part of the UD recovery.

In a perfect world, there'd be no such thing as cyclical swings in the business cycle, right? Always up, up and away!

 

[unregistered]

 

[koalabear]

Wonderful, no? Obamunism at work.

Fundemented change.

 

[unregistered]

 

[NeverEndingMe]

203 down, big sell off.

well, China has lowered uncle obama. UD this should be a sign, a clue if you will. This way of massive spending isn't working! time to cut the entitlements, spending, and the size of government !!!!

 

[koalabear]

S&P almost 10% off it's high, major correction territory.

Maybe if they just raise the debt ceiling higher..........

 

[busybody..]

THIS IS WHY THE ECONOMY IS DYING!

Obama admin adds 608 regulations -- just in July!

Report: Obama Administration Added $9.5 Billion Worth Of Government Regulations During July Alone…


Nothing the left loves more than a bloated bureaucratic mess.

(US News) — Many House and Senate conservatives are reviving their battle against federal regulations, claiming that the president hasn’t stopped issuing job-killing rules during the debt ceiling fight. “While Washington and Americans have been focused on the debt ceiling, the Obama administration has continued to roll out more crushing red tape,” said a spokesperson for Wyoming Republican Sen. John Barrasso, who’s been championing the regulation fight.

At Tuesday’s GOP Senate caucus lunch, the lawmakers said that they will renew their efforts, supported by business groups like the U.S. Chamber of Commerce. In a memo Barasso handed out to the lawmakers, he claimed that the administration in July only has put in $9.5 billion in new regulatory costs by proposing 229 new rules and finalizing 379 rules. Among those he cited were EPA, healthcare reform, and financial regulatory reform rules.

 

[koalabear]

Updated: 08/04/2011 11:05 ET
DOW 11,649.86 -246.58

 

[koalabear]

Updated: 08/04/2011 11:31 ET
DOW 11,602.41 -294.03