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

[Ulaven_Demorte]

Things aren't any better than when Obama took office? Huh?? How quickly the chooses to forget how fucked up the economy was when Obama was sworn in. We were losing -600,000 jobs per month. So far this year we've added up to +225k jobs per month and have had no months in the red.

The stock market was 9,300 and falling when Obama took office. The market hit bottom six weeks later at 6,700, then skyrocketed up to 12,700. It sits at 11,808 today.

When Obama took office, our GDP was withering. It shrunk -5.5% during the quarter Obama was sworn in, it's second consecutive quarter shrinking -5% or more. After that quarter we've had quarters of

-.7%
2.2%
1.8%
2.7%
1.7%
2.6%
3.1%
1.9%
1.3%

Are you honestly trying to tell me that those numbers above are worse than two consecutive quarters of -5% or worse of shrinking? That + 100k jobs per month is worse than -600,000? And that the Dow being at 11,800 is worse than 9,300?

We're still not adding enough jobs to call ourselves out of the woods, but the plain fact is that some flat-out catastrophic shit got turned around on Obama's watch.

Source: Bureau of Economic Analysis' GDP statistics

Facts are inconvenient when you just want to hate on someone.

 

[4est_4est_Gump]

We note that ya'lls expert analysis of how good the good times are under Obama does not include any employment stats, but then, what the hell, some of us have jobs...



One might wonder if this would be cherry-picking?

 

[4est_4est_Gump]

Now, let's talk debt and downgrades...



Not just, Obama got us failing more slowly; that's Depression, even Lost Decade, talk.

 

[4est_4est_Gump]

Oh, I have a better idea.

Show us the projections for the "Summer of Recovery" again. That one makes me lol...

Or the Health Care Savings thanks to the CLASS Act...

Or the people who's Health Premiums are shrinking, I mean, other than those who simply got dropped.

 

[Ulaven_Demorte]

We note that ya'lls expert analysis of how good the good times are under Obama does not include any employment stats, but then, what the hell, some of us have jobs...



One might wonder if this would be cherry-picking?

Cherry picking would be pointing at one statistic instead of looking at the overall picture..
You know, like ignoring everything BUT unemployment.

Now, let's talk debt and downgrades...

Not just, Obama got us failing more slowly; that's Depression, even Lost Decade, talk.

We can talk about the debt and downgrade if you want, specifically the reasons given for the downgrade by those who issued it. But I don't think you actually want to talk about that.

 

[4est_4est_Gump]

I know I don't want to talk about it because you have one answer, and one answer only.




Republicans. It gets weary especially after you were given everything you wanted and then some only to see your dear leader spend us into a death spiral...

 

[4est_4est_Gump]

So listen and discount what Wall Street is selling you. Protect your portfolio. Here are edited highlights:

1. Greece will default very soon ...

”Banks must bite the bullet and take some big hits in their Greek loans. … Whether banks accept this ‘solution’ voluntarily or not, it will mean Greece is in default.”

2. The contagion of fear will spread …

Global investors know “if one major Western government can default, so can others.” They will refuse to lend “to highly indebted governments” or “demand outrageously high yields.”

3. European megabanks will collapse …

Some of the “largest banks will collapse under the weight of defaulting sovereign debts and … mass withdrawals … Spain … French banks” … the impact will ripple across “J.P. Morgan Chase, Bank of America and Citigroup … All three are in danger.”

4. EU governments suffer new credit rating downgrades ...

”France and Germany, will scramble to rescue their failing banks.” But “bank bailouts are seriously flawed” as “governments gut their own fiscal balance … suffer big downgrades,” or pay “far higher interest rates.”

5. Spain and Italy next to face default on their massive debts ...

With “$3.4 trillion in debt, or about 10 times more than Greece” they too risk default.

6. Global debt markets will suffer a critical meltdown ...

Anticipating “default by a country as large as Spain or Italy, nearly all debt markets in the world will freeze.” Withdrawals, panic “not only crush the borrowing power of the PIIGS” but threaten meltdowns in “France, Germany, Japan, the U.K. and the U.S.”

7. Vicious cycle: sovereign defaults, bank failures, global depression ...

Government defaults trigger more bank failures, “cut off the flow of credit to businesses and households, sink the global economy into a depression, and perpetuate the vicious cycle.”

Warning to investors: No bank bailouts, power to Occupation

History inevitably repeats itself: Arab Spring triggered Wall Street Fall. Next, the raging European monetary collapse will ripple through America’s banking system, completing the 2008 meltdown that never ended because Wall Street fought all reforms.

But now, a bigger meltdown as history repeats a dangerous cycle like the 1929 Crash and Great Depression.

History will also deal a fatal blow to Wall Street. Weiss adds a key warning: No bank bailouts. America’s banking system is bankrupt, structurally and morally. Washington is broken. And thanks to the Occupiers Revolution the masses will never accept new bank bailouts. Never. They’ll toss politicians and overthrow government first.

No new bailouts will be the stake in the heart of Wall Street, ending the “greed is good” power of America’s “bloodsucking vampire squid,” handing the Occupiers new political power in Washington.

Weiss’s worst-case scenario highlights everything we’ve both been warning investors about for a long time. The 2008 meltdown never ended, lessons never learned. But now the end game is accelerating.

http://www.marketwatch.com/story/eu...ash-wall-street-again-2011-10-18?pagenumber=2

Obama, his advisors, TIMMAH! did not save us from our fate; all they did was thwart the market and accelerate some future activity into the present (now past) and have no tools left to accelerate the future past the robbed point into the robbed future.

The only Keynesian economic tool left to them is to start printing paper.

The proper course would have been to let the markets take care of themselves and weed out failure and bad players, but the West has completely abandoned free markets in favor of socialism, decay and central planning and control. It did not work this time, with a Democratic vote, any more than when it failed when produced at the point of a gun.

So many people feel so superior because the people voted for the soft tyranny of security and in that hubris saw no chance of failure in their new socialism because of one magic word:

DEMOCRACY!​

 

[Ulaven_Demorte]

http://www.marketwatch.com/story/eu...ash-wall-street-again-2011-10-18?pagenumber=2

Obama, his advisors, TIMMAH! did not save us from our fate; all they did was thwart the market and accelerate some future activity into the present (now past) and have no tools left to accelerate the future past the robbed point into the robbed future.

The only Keynesian economic tool left to them is to start printing paper.

The proper course would have been to let the markets take care of themselves and weed out failure and bad players, but the West has completely abandoned free markets in favor of socialism, decay and central planning and control. It did not work this time, with a Democratic vote, any more than when it failed when produced at the point of a gun.

So many people feel so superior because the people voted for the soft tyranny of security and in that hubris saw no chance of failure in their new socialism because of one magic word:

DEMOCRACY!​

Just a regular echo chamber of talking points aren't you Cap'n?

Better that than address the debt ceiling fiasco and downgrade after you were called on it I guess.

When you're in trouble go into your dance.. Socialism! Free markets! Obama Baaad...

[voice=Billy Flynn]
Give 'em the old razzle dazzle
Razzle Dazzle 'em
Give 'em an act with lots of flash in it
And the reaction will be passionate
Give 'em the old hocus pocus
Bead and feather 'em
How can they see with sequins in their eyes?

What if your hinges all are rusting?
What if, in fact, you're just disgusting?

Razzle dazzle 'em
And they'll never catch wise!
[/voice]

 

[NeverEndingMe]

no wonder you were left behind, you live in the past....

Things aren't any better than when Obama took office? Huh?? How quickly the chooses to forget how fucked up the economy was when Obama was sworn in. We were losing -600,000 jobs per month. So far this year we've added up to +225k jobs per month and have had no months in the red.

The stock market was 9,300 and falling when Obama took office. The market hit bottom six weeks later at 6,700, then skyrocketed up to 12,700. It sits at 11,808 today.

When Obama took office, our GDP was withering. It shrunk -5.5% during the quarter Obama was sworn in, it's second consecutive quarter shrinking -5% or more. After that quarter we've had quarters of

-.7%
2.2%
1.8%
2.7%
1.7%
2.6%
3.1%
1.9%
1.3%

Are you honestly trying to tell me that those numbers above are worse than two consecutive quarters of -5% or worse of shrinking? That + 100k jobs per month is worse than -600,000? And that the Dow being at 11,800 is worse than 9,300?

We're still not adding enough jobs to call ourselves out of the woods, but the plain fact is that some flat-out catastrophic shit got turned around on Obama's watch.

Source: Bureau of Economic Analysis' GDP statistics

 

[4est_4est_Gump]

We were going to be downgraded no matter what because we simply refuse to control spending for votes.

You're the only ones who cling to this notion that all our problems are Republican problems even after your guy went on a spending spree.

If he had not done that, then we would not have been down-graded.

But you cannot accept that.

One ♭♩...

 

[Wat_Tyler]

My shovel is ready.



Too bad the double-tongues don't know which end to shove into the dirt.

 

[4est_4est_Gump]

My shovel is ready.

Too bad the double-tongues don't know which end to shove into the dirt.

You weren't issued a Keynesian digging spoon?

We value labor and hate Capital!

It's an iron spoon!

Curtains...

 

[NeverEndingMe]

My shovel is ready.



Too bad the double-tongues don't know which end to shove into the dirt.

well, I don't know where the dirt is but I can see a fresh steaming pile of something every time obama opens its mouth

 

[Ulaven_Demorte]

We were going to be downgraded no matter what because we simply refuse to control spending for votes.

You're the only ones who cling to this notion that all our problems are Republican problems even after your guy went on a spending spree.

If he had not done that, then we would not have been down-graded.

But you cannot accept that.

One ♭♩...

Funny, that wasn't what the agency that downgraded the US said at all. But then, you and fact have long been bitter enemies.

Obama's spending spree? LMAO!

 

[NeverEndingMe]

yes, clearly what we need is more government spending and government employees!

dumbass

Funny, that wasn't what the agency that downgraded the US said at all. But then, you and fact have long been bitter enemies.

Obama's spending spree? LMAO!

 

[4est_4est_Gump]

You printed those charts up back in 2014?

 

[NeverEndingMe]

so when a coworker does something incorrect, do you follow? then when busted and your boss calls you on it, do you respond with


"but mommie, Billie did it too!"

just asking

Just a regular echo chamber of talking points aren't you Cap'n?

Better that than address the debt ceiling fiasco and downgrade after you were called on it I guess.

When you're in trouble go into your dance.. Socialism! Free markets! Obama Baaad...

[voice=Billy Flynn]
Give 'em the old razzle dazzle
Razzle Dazzle 'em
Give 'em an act with lots of flash in it
And the reaction will be passionate
Give 'em the old hocus pocus
Bead and feather 'em
How can they see with sequins in their eyes?

What if your hinges all are rusting?
What if, in fact, you're just disgusting?

Razzle dazzle 'em
And they'll never catch wise!
[/voice]

 

[Wat_Tyler]

You weren't issued a Keynesian digging spoon?

We value labor and hate Capital!

It's an iron spoon!

Curtains...

Mr Amalgamation and Capital strikes again.

well, I don't know where the dirt is but I can see a fresh steaming pile of something every time obama opens its mouth

Dig a hole and bury it then.

Funny, that wasn't what the agency that downgraded the US said at all. But then, you and fact have long been bitter enemies.

Obama's spending spree? LMAO!

I get it. Two wrongs don't make a right, but three do.



Okay, off to go out and dig up the goalposts and move them. Gotta keep the bushwhackers on their toes.

 

[Ulaven_Demorte]

There's that high pitched whine again...
"Derp derp derp derp..."
Sorry, I can't translate moron to English, NeverEndingMoron.

 

[4est_4est_Gump]

That chart looks surprisingly similar to the Summer of Recovery projections...




Maybe they just changed the Union labels.

 

[4est_4est_Gump]

so when a coworker does something incorrect, do you follow? then when busted and your boss calls you on it, do you respond with


"but mommie, Billie did it too!"

just asking

No, U_D gets a hard-on getting his co-workers fired...

 

[JohnnySavage]

You printed those charts up back in 2014?

The key is the entry "clinton surplus"

There's a big difference between "budget" and "actual" No president since Eisenhower has spent less than was taken in.

 

[NeverEndingMe]

The key is the entry "clinton surplus"

There's a big difference between "budget" and "actual" No president since Eisenhower has spent less than was taken in.

and what did Clinton do, to achieve the surplus?

 

[4est_4est_Gump]

and what did Clinton do, to achieve the surplus?

Got the Democrat Congress fired over Health Care...



The NEWTonian surplus.

 

[NeverEndingMe]

I've always wanted to know, how silly little boys like you make it in the world. are you just as mentally challenged at work as you are here?

help me understand your sickness!

There's that high pitched whine again...
"Derp derp derp derp..."
Sorry, I can't translate moron to English, NeverEndingMoron.