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

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4est_4est_Gump said:
Got the Democrat Congress fired over Health Care...



;) ;) The NEWTonian surplus.
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everyone (well the mentally challenged democrats) talk about how Jimmie Carter and Billie Clinton were great presidents and all the work they did to improve the economy. why is it that not one person can show any proof for this 'hard work'?

last month lego man was bitching about NAFTA, then the other day he was talking about NAFTA was a Clinton policy break through.
 
The Obama Economic Miracle

"We're not doing as bad as we could be!"
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

On October 14 (a Friday, naturally), Tim Geithner’s bunch released the final Monthly Treasury Statement of the 2011 fiscal year. It showed that for the third consecutive year, the federal government’s reported deficit was well over $1 trillion — $1.298614 trillion, to be exact.

That brought the three-year deficit total to just over $4 trillion. Less than $400 billion of that occurred while George W. Bush was still president. Since Barack Obama entered the White House bound and determined to “stimulate” the economy with dramatic — and, it’s now clear, intended to be permanent — increases in federal spending, the rest is largely on him, with unfortunate recent assists from a too-timid House GOP majority.

The reported deficits don’t even tell the whole story. From Inauguration Day 2009 through September 30, 2011, the national debt increased by $4.16 trillion to almost $14.8 trillion. In the first 19 days of October alone, we’ve seen another $141 billion piled on. Almost $600 billion has been added since the conclusion of the debt-ceiling melodramatics on August 1.

As has been the case since Obama became community-organizer-in-chief, we must continue to question whether the damage he and his team have wrought, which has brought us from economic peril to the brink of economic calamity, is the result of incompetence or intention. The evidence in support of the latter continues to grow.

Obama recently told ABC’s Jake Tapper, “the economy is not where it wants to be and even though I believe all the choices we’ve made have been the right ones, we’re still going through difficult circumstances.”

Those who believe that economic improvement is not paramount on the president’s priority list pick up plenty of ammo from this revealing sentence. Obama spoke as if the economy is a living, breathing animal with its own wishes and desires separate from the rest of us. It seems that he didn’t want to tell Tapper that “it isn’t where we want it to be,” because to do so would have been an admission that meaningful economic improvement is a really important goal. That gambit left the next phrase wide open, giving the president free rein to express a belief about all of the administration’s “choices we’ve made” being right, without specifically saying what they have been right for.

If the goal really is to bankrupt the country, Obama, his administration, and his party (again on their own, until very recently) could hardly be going at it more effectively. From an already ridiculous $2.73 trillion in fiscal 2007, annual spending has increased by 32% to $3.60 trillion in the fiscal year just ended. The “stimulus” was far more than a failed initiative by any reasonable measurement; it was also used as a vehicle to move the “you can’t cut anything from this without being labeled a heartless meanie” baseline to an absolutely unsustainable level. The baseline continues moving ever upward: While Washington whined about austerity and making supposedly tough choices, fiscal 2011 spending came in 4% ahead of last year.

On October 19, Harry Reid perhaps inadvertently gave away the likelihood that the economic well-being of all Americans is not uppermost in the minds of the POR Economy’s architects (Nancy Pelosi, Obama, and Reid) when he asserted on the Senate floor: “It’s very clear that private-sector jobs have been doing just fine; it’s the public-sector jobs where we’ve lost huge numbers, and that’s what this legislation is all about.”

If the economy could talk, it would have vocally objected (all employment figures are seasonally adjusted):

The private sector is still down 6.2 million jobs from its January 2008 peak.
Non-postal federal government employment has increased by 339,000 in the past four years.

Employment in primary and secondary public education, which unjustifiably leaped by 290,000, or 3.7%, from January 2005 through September 2008, while enrollment barely budged (up by less than 0.2%), is now back to where it was.

Yet in the legislation to which Reid refers, he and his Democratic colleagues want to “save 400,000 teacher jobs and thousands of first-responder jobs that have either been cut or could soon be cut.” What’s really behind this, as Rush Limbaugh accurately discerned on October 20, is Reid’s need to fund his party’s 2012 election campaigns with public-sector union dues — the private sector be damned. The prospect that the campaign money well won’t be sufficiently deep has Joe Biden babbling, and doubling down with full White House support, about how rapes will increase and it will all be the fault of Republicans if the bill doesn’t pass.

Oh, and I almost forgot to note that this $35 billion boondoggle, suddenly more important than building roads and bridges, which was supposedly the big priority just a month ago, is supposed to be funded by a surtax on “millionaires” — y’know, the people who would likely be creating jobs by growing their businesses or investing more aggressively if they weren’t already so intimidated by the administration’s regulatory and authoritarian overhang.

The placement of public-sector jobs over private, even though without the private sector’s taxes the public sector can’t exist, is only the latest evidence that Obama’s “choices we’ve made” — he, his administration, and his party — are about something other than economic growth and the country’s fiscal well-being. Meanwhile, real incomes have fallen dramatically, and millions of former jobholders are slowly but surely becoming virtually unemployable beyond entry level through no fault of their own. The government’s “investment” choices could hardly be more corrupt or crony-driven. Its green-obsessive determination to stifle domestic energy exploration and development could hardly be more immovable. The hostility of labor, environmental, and other regulators could hardly be more obvious.

Presidential candidate Herman Cain is largely right when he says that the mostly misguided Occupy Wall Street crowd should relocate its primary headquarters to just outside 1600 Pennsylvania Avenue. I would also suggest deploying a contingent to the Capitol. Far more important are the required deployments of sensible citizens to the voting booths in 2012 to give Obama, Reid, Pelosi, and so many others who are ruining the futures of so many a chance to join the ranks of those who have lost their jobs. Whether we can hold out that long — or until January 20, 2013, given potential for last-minute presidential mischief — remains highly problematic.
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Tom Blumer
Pajamas Media
 
They employ the projective linear million-man math miracle of multipliers...


Every dollar the government spends returns three tax dollars to the Treasury.

:)
 
4est_4est_Gump said:
They employ the projective linear million-dollar math miracle of multipliers...


Every dollar the government spends returns three tax dollars to the Treasury.

:)
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yet, when you factor out ambulance chasing democrats fail to create wealth. why is it that democrats beloved such scumbags (i.e. john kerry, the kennedy's)?
 
Schooled. AJ had no response other than the blatant denial of reality.



Ulaven_Demorte said:
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!
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vetteman said:
Give him a chance to recover from the nuclear shock delivered by your colossal benightedness.:rolleyes:
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Another deafening non-response to having your point of view proven false. At least you haven't started muttering things about my cock yet.
 
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Oblamer to announce massive success in the jobs program. Then announce Christmas part time jobs was his idea.:cool:
 
vetteman said:
Give him a chance to recover from the nuclear shock delivered by your colossal benightedness.:rolleyes:
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Well, let's quote his own damned expert...

If you ask me, I think what we're experiencing isn't in fact closer to a "growthless" recovery than to a jobless one. Because GDP started to grow more than a year and a half ago, but with the exception of just a couple of quarters, growth has not been noticeably above its trend rate of about 2-1/2 percent a year. I don't rejoice at the news that we added 216,000 jobs in March. About a hundred thousand of that 216,000 is needed every month just to keep up with the growth in the labor force. At this rate of job growth, it would take most of the decade to replace the eight 8-1/2 million jobs that were lost in the recession.
Christina Romer
Chairwoman of Obama's White House Council of Economic Advisors

So, if you look at Merc's chart just the right way, he's got a point, we're adding jobs...

This is so typical of Democrat thinking: factoid based and cherry-picked.

If this were a Republican President, they would be occupying 1600 Pennsylvania Avenue as Uncle Herman is suggesting they do.

I also have to note the childishness of our self-proclaimed "mental health expert" in assuming my departure for the morning was based upon his sharp and cutting double-knot intullekt...

But, I have always said, I am not a smart man...

So I would never make that sort of error, I'd give it a day or so...

:)
 
For two years, we've heard the same thing repeated over and over,

All the economic signs point to a rebound, but yet, we have no rebound, we're still at the 400K new jobless claims week after week after week and there's no way this economy survives Europe's problems any more than it could have survived the expiration of the Bush Tax cuts or Barack's new spending bills, the ones where he tries to halve down on failure and get either campaign cash out to his based or some excuses as to why they did not get this year's election bonanza...


Sideshow Barry Barker 2012 Says: "It's NOT the economy, Stupid!" It's the Birthers! The Tea Party! SARAH PALIN!
Bush!
BAD LUCK!!
RACISM!!!
ATMs, KIOSKs & CORPORATE JETS!!!
TSUNAMIS, TORNADOS, & the ARAB SPRING!!!
EARTHQUAKES & HURRICANES!!!!!
EUROPE’s €PIIGS!!!!!!!!
OBSTRUCTION!!!
Americans have grown “Soft!”
MY LIMP STAFF
Come on WORK WITH ME HERE!
I killed a lot of people people!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg
”’Shovel-ready’ was not as shovel-ready as we expected.” (Laughter)
 
Those damned dirty obstructionist Wepubwiccans!!!

‘They are . . . not interested in asking millionaires and billionaires to pay a half a penny on the dollar for the sake of the future of our children and communities.”

That was the reaction of Sen. Bob Menendez (D., N.J.) upon the defeat Thursday evening of the bill he sponsored that paired an element of President Obama’s jobs plan — funding for the hiring of some first responders and hundreds of thousands of unionized teachers — with a surtax on those earning more than $1 million.

Yet that same evening, Menendez and his fellow Democrats — as well as self-proclaimed socialist senator Bernie Sanders — voted unanimously to protect subsidies for millionaires’ mortgages. In fact it was another measure Menendez himself sponsored: an amendment to an appropriations bill that will allow Fannie Mae, Freddie Mac, and the Federal Housing Administration to back home loans as large as $729,750. With help from a handful of Republicans, his measure cleared the Senate 60–38.

This “conforming loan limit,” the maximum for mortgages Fannie and Freddie can buy and the Federal Housing Administration can insure, had expired at the end of September and reverted to $625,500. But Menendez proclaimed that Congress must raise the limit back to almost three-quarters of a million dollars in order to save the “middle class.” Not raising the limit “makes it harder for middle class homebuyers to get credit when credit is tight,” Menendez said.

But this definition of middle class is pretty, shall we say, rich. As a Wall Street Journal editorial noted, “the average sales price for existing homes in September was $212,700.” And even in Menendez’s home state of New Jersey, the median sale price of homes was only $303,100 in August, as calculated by Zillow.com, a prominent real-estate website. This amount is less than half of the $729,750 limit Menendez and the other Democrats said was necessary to protect the “middle class.”

If this increased loan limit becomes law, it would mean that purchasers of these expensive homes — millionaires and near-millionaires almost by definition — could save thousands of dollars from below-market interest rates thanks to government guarantees. Yet so far, there have been few if any condemnations of this government privilege for the wealthy from groups involved in the supposedly populist Occupy Wall Street. And this — as well as the movement’s general silence on the government-sponsored enterprises Fannie and Freddie’s outsized role in the financial crisis — exposes the stink of hypocrisy (on top of the many other reported scents) from much of the OWS movement.

Just after Menendez and the ostensibly conservative Johnny Isakson (R., Ga.) introduced the measure last Wednesday, I held out an olive branch to OWS. I wrote on the Corner that since both OWS and the Tea Party claim to despise “corporate welfare and bailouts that benefit the very wealthy . . . both movements should rally strongly” to oppose the Menendez-Isakson amendment.

By and large, Senate Republicans remembered the tea-party message. Only seven joined Isakson in backing the higher limits. Those GOP guys and gals — Isakson, his Georgia colleague Saxby Chambliss, Roy Blunt (Mo.), Scott Brown (Mass.), Lindsey Graham (S.C.), Dean Heller (Nev.), Lisa Murkowski (Alaska), and Olympia Snowe (Maine) — have certainly earned a spot on the Corporate Welfare and Crony Capitalism Wall of Shame. (And Isakson, Chambliss, Brown, Graham, and Snowe already have a spot on the wall from their support of Dodd-Frank’s Durbin Amendment price controls, which benefit big retailers and shift costs to consumers in the form of new bank fees.)

But this group of eight represents less than one-sixth of the GOP caucus of 47 senators. By contrast, all Democrats on the Senate floor voted for these subsidies to the rich. (See vote tally on page S6483 of the congressional record here.) In a February white paper, the Obama administration had commendably recommended letting the loan limit expire so “larger loans for more expensive homes will once again be funded only through the private market.” But the White House apparently made little effort to persuade its own party in the Senate.

What about independent Vermont senator Bernie Sanders, who proudly calls himself a socialist and proclaims his solidarity with Occupy Wall Street? He voted to support these subsidies for those at the top, at the expense of the 99 percent.
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http://www.nationalreview.com/articles/print/281046

Dems Firespin Republicans reaching across the aisle to protect common Capitalist cronies...
 
VDH must-read today...

http://pajamasmedia.com/victordavishanson/rage-on-and-on-and-on/?singlepage=true

Reminds me of my conversations with Firespin.

;) ;)

"The state is that great fiction by which everyone tries to live at the expense of everyone else. ... there is only one remedy: time. People have to learn, through hard experience, the enormous disadvantage there is in plundering one another."
Frédéric Bastiat

On a wider political level, there is a growing realization that today’s brand of liberalism is really a form of slow societal suicide. We see red states recovering from recession; blue states are still broke. Greece is a mess; so is the entire anti-democratic, statist, and redistributive EU. Keynesian economics is about as dead as global warming/climate change/climate chaos in the age of Climategate, Al Gore, Inc., and a planet cooling over the last decade.

The old idea of open borders is also over. The notion is discredited that teaching new arrivals multiculturalism and ethnic chauvinism, providing them massive subsidies, and ignoring federal statutes was both more humane and more efficacious than the old melting pot of our youth. Solyndra was the epitaph of the lie of “millions of green jobs.” Obama will never utter that now bankrupt phrase again. “Green” means millions of dollars in printed federal money for each job produced, but even far more millions to crony capitalists who hid their malfeasance with hope and change sloganeering.

The Façade Peels Away

Independents are starting to see the end of the latest liberal experiment. Society simply cannot continue paying a half-trillion-dollars to import gas and oil, and hundreds of billions to subsidize inefficient wind and solar, even as known U.S. coal, gas, oil, shale, and tar sands reserves soar — but remain vastly underutilized. The administration’s Energy Department (e.g., gas should reach European levels, people cannot be trusted to buy the right light bulbs, California farms will blow away) is now simply the sibling of the EPA.

Raging Against the Machine

Soon even some mainstream Democrats will grasp the lie. Obamism not only does not work; its fiscal, energy, cultural, and foreign policies result in Greek-like stasis and chaos. It hinges on scapegoating those who say it does not work. Its current anger is sort of like the furor directed at those who were either trying to change or depart from the ossified medieval Church, when altruistic doctrine hides penances, exemptions, and vast estates. Stop the Smears begat JournoList which begat AttackWatch.com.

Again, all of the above is why Obama’s target and excuse lists grow and the old calls for civility and unity fade. How can a Democratic president, with a Democratic-controlled House and Senate for two years, keep faulting the present mess on either an ex-president who left almost three years ago, or a Republican-controlled House of some nine months tenure?

Junior Has Been Had?

But on a personal level, these more cosmic issues are coming home as well. Many of the current group of protestors down at Wall Street — remember the summer’s earlier flash mobbing here and the hoodies in the UK — are unknowingly raging against just this “system” where some have more than they do and will always have more, given the current frozen economy. About 2010, the music stopped and those without chairs were out of luck.

Many are furious that they have or soon will have very expensive degrees, bought at the price of either exorbitant loans or near insolvent parents who paid the $100,000-200,000 for today’s BAs. The students cannot rage against the modern corrupt, but ideologically sacrosanct, university. There, diversity czars outnumber French professors. Academic success is calibrated by avoiding introductory undergraduate classes — and all for the “student.”

The Old Way

After all, in the old days, faculty taught 6-8 (and more) classes a year. Administrators taught too and were relatively small in number (unlike the 1-1 ratio at the CSU system, the world’s largest university). The curriculum was designed to instill inductive thinking. It prepared the student to write well, think, and have a corpus of dates, events, people, and places at his fingertips for reference and elucidation.

In the Belly of the Beast — And?

Politicking was rare even in the 1970s. Well over thirty years ago, I took some 30 courses in Greek and Latin language and literature at UC Santa Cruz, and another 12 PhD seminars at Stanford — all from whom in retrospect I would imagine were mostly hard left. But who knew? Not once in eight years of undergraduate or graduate education did a liberal professor go off topic to rant or, indeed, to mix politics with history or literature or language. There were no points given for politically correct answers. No sermonizing poured forth from the rostrum. There was also simply no time to do so, given the enormity of the assignments. Reading five pages of Thucydides in Greek for each class or understanding the structure of ancient Athenian democracy left no time to blast an aspiring Ronald Reagan. I am sure indoctrination started in the early 1960s, but even in the 1970s it had not completely taken hold.

Relatively Cheap, Really Good

In other words, for much of the 20th century, college was not that exorbitantly expensive (my hardscrabble grandfather farmer sent all three of his daughters to college, two to Stanford, on the meager profits from 100 acres of raisins in the midst of the Depression). Students emerged literate and mostly disinterested and inductive. The most impressive degrees, of course, were not history or English (much less environmental studies). Instead the palm went to engineering, physics, mathematics, and biology. These were the hard sciences and skills that few of us could master. Social sciences were relatively small enclaves. And while science majors got As in their gut GE anthropology, sociology, and psychology courses, the opposite was not true: the latter majors panicked when forced to take a basic physics or physiology class to graduate.
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Still the same varied cources of information eh Cap'n Wingnut?
Right Wing (NRO) and radical whackjob right wing (Busybody's favorite source, PajamasMedia)..

Nothing nutty enough for you in the far right wing "Thinker" today or have you not managed to skim through there?

Maybe a Bastiat or Rand quote to fill in the gaps.
Oh, There IS one.. I missed it.. :rolleyes:
 
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The problem for you is that, unfortunately, in the light of your opening gambit, way back when, is that the sources you ad hominem have been on the mark economically while all the glorious pronouncements of Obama, Biden and their economic supporters have not only been wrong, but wildly wrong.

We did not stay at 8% unemployment.
There was no Summer of Recovery.
There were not 500,000 jobs a month added.

My sources all explained why this would not happen as did my supporting quotes, because there is no such thing as a new economic paradigm to match our shifting technology.

So all you have left is to be mean and to attempt to bully other people in order to not say three simple words...

I was wrong.

:(

Sucks to be you, I know. You had such great hope in Obama, he was going to be the opposite of Bush, he employed the economics of bottom-up, the economics you knew, for a fact, would work because workers, labor, regulations and DEMAND drive an egalitarian and fair economy...

Well, as we posited so long ago, there is only one way to make an economy perfectly fair, reduce everyone to the same level. Destroy the rich, eliminate the middle class, and create womb to tomb government management of our lives.

Congratulations! In the short term you got exactly what you wanted and a lot of your fellows got exactly what they voted for: laid off.

"We know that the moment of greatest danger to a society is when it comes near realizing its most cherished dreams."
Eric Hoffer
 
what ideas have you and your left wing nut jobs idiot friends come up with?

more taxes and more government jobs is a horrible idea that's destructive to the economy.


why do you want America to become Greece 2.0?





Ulaven_Demorte said:
Still the same varied cources of information eh Cap'n Wingnut?
Right Wing (NRO) and radical whackjob right wing (Busybody's favorite source, PajamasMedia)..

Nothing nutty enough for you in the far right wing "Thinker" today or have you not managed to skim through there?

Maybe a Bastiat or Rand quote to fill in the gaps.
Oh, There IS one.. I missed it.. :rolleyes:
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