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

[mercury14]

The Moratorium is over and drilling in the Gulf of Mexico is at an all time high. And gas prices continue to climb.

Here's a link showing that there have been almost 500 new gulf oil drilling permits since the spill. And that's not including Pacific and Alaskan permits (and gulf permits issued pre-spill). You can even download copies of each individual application.

http://www.bsee.gov/Regulations-and-Guidance/Permits/Status-of-Gulf-of-Mexico-Well-Permits.aspx


None of this matters to Rightfield. You could print out all 500 new drilling permits and jam them in his boxer shorts. He'd look you in the eye and tell you they don't exist because that's what a blogger said.

 

[busybody..]

Who Killed the Jobs?


This chart tells you just about everything you need to know as you prepare to vote in 2012. Prepared by the Republican Study Committee, it depicts the percentage of Americans in the labor force from January 2005 (commonly known as the “good old days” through January 2012. The decline in the number of working Americans is staggering. And note that Barack Obama became president in January 2009, about 3/4 of the way through the gray “recession,” and just before the “stimulus” that is marked with a red dot. What has happened since Obama took office is that the jobs situation has steadily deteriorated:


http://1-ps.googleusercontent.com/h/www.powerlineblog.com/admin/ed-assets/2012/02/1917x1178xwherearethejobs.jpg.pagespeed.ic.yLZg-sSf2x.jpg
I have written many times that inefficient spending cannot create jobs. Rather, wasteful spending destroys wealth and thereby destroys jobs, too. That thesis is amply borne out by the experience of recent years.

 

[busybody..]

THE COUNTRY’S IN THE VERY BEST OF HANDS: Geithner: Why, no, our new budget does nothing to address America’s long-term fiscal crisis.

 

[busybody..]

HOW’S THAT HOPEY-CHANGEY STUFF WORKIN’ OUT FOR YA? (CONT’D): Congressional Budget Office: U.S. enduring the longest period of high unemployment since the Great Depression.

 

[busybody..]

TODAY’S REAL NEWS: “This is the second year in a row that Geithner has described an Obama budget as unsustainable.”

 

[busybody..]

“More” Or “Less?” Is that a Trick Question?


On Tuesday, Jeff Sessions, ranking Republican on the Senate Budget Committee, asked acting OMB Director Jeffrey Zients a simple question: Does President Obama’s FY 2013 budget–the matter on which Mr. Zients had come to the Senate to testify–increase spending compared with current law (most recently, the debt ceiling compromise that was reached last summer). For some reason, Zients was utterly stumped. He was never able to come up with a coherent answer, let alone a straight one.

Today it happened again. Tim Geithner took his turn at the Budget Committee, and Sessions asked him the same thing. Geithner, like Zients, was confounded. The concepts of “more” and “less” seemed to be too much for him. Check it out:






It is hard to know what to make of this arithmetic ineptitude on the part of the Obama administration. Is it possible that they don’t know the answer? No. The only explanation is that they know the answer, but prefer that the American people don’t find it out. So, in case you were wondering: President Obama’s FY 2013 budget does increase federal spending, not only above current levels (from $3.796 trillion in FY 2012 to $5.537 trillion in FY 2021, a 46% increase) but also above the levels approved by current law.

Why does the administration bother to duck such simple questions? I suspect it is because they believe that as long as they don’t actually admit something, no matter how obviously true it may be, the press won’t cover it.

 

[4est_4est_Gump]

“Following the contentious debt ceiling last August, President Obama promised that he would take action to address the country’s fiscal crisis. He has failed to do that," Portman said. "In fact, his new budget increases spending and projects that Washington will be hitting the debt ceiling again in mid-October – burning through a $2.1 trillion debt limit increase in just over 14 months."

Portman's office notes that according to Obama's budget, total debt subject to the statutory debt will reach limit will reach $16.334 trillion by September 30, 2012. This is just $60 billion below the 16,394,000,000,000 debt limit. Since the federal government is adding to the national debt at a rate of $132 billion a month, the debt ceiling is on schedule to be reached by October 15, 2012.

" This is an unfortunate but clear signal to the American people that Washington is spending too much, borrowing too much, and putting our nation’s fiscal stability at risk," Portman said.

And Bush was a bad deficit spender, the reason we're in a mess, but suddenly, as long as we can cover interest payments, debt is no big deal. Republicans proved that by "compromising" and agreeing to spending without paying for it this week...

 

[4est_4est_Gump]

After three years with unemployment topping 8 percent, the U.S. has seen the longest period of high unemployment since the Great Depression, the Congressional Budget Office noted in a report issued today.

And, despite some recent good news on the economic front, the CBO is still predicting that unemployment will remain above 8 percent until 2014. The report also notes that, including those who haven't sought work in the past four weeks and those who are working part-time but seeking full-time employment, the unemployment rate would be 15 percent.

The CBO made its comments in a report examining the long-term effects of joblessness, and possible policy options to boost employment, including unemployment insurance reforms and job training programs. The report came at the request of Democratic Michigan Rep. Sander Levin, but Republicans quickly jumped on the chance to bash President Obama's stimulus program, which is also reaching its three-year anniversary today.

http://www.usnews.com/news/articles...d-of-high-unemployment-since-great-depression

The Obama Legacy

Fore! more years!!!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

 

[richard_daily]

http://www.usnews.com/news/articles...d-of-high-unemployment-since-great-depression

The Obama Legacy

Fore! more years!!!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

It's a good thing that you're voting for Obama, so you can finally say that you picked the winner.

 

[busybody..]

http://www.usnews.com/news/articles...d-of-high-unemployment-since-great-depression

The Obama Legacy

Fore! more years!!!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

No jaun cares, we must protect the NIGGAH!
Today we, er, celebrate the third anniversary of the 2009 stimulus package’s presidential signature. When Barack Obama applied his signature, he promised that the $800 billion authorized to his administration by a Democratic Congress would allow him to keep unemployment under 8% and revamp the American economy for long-term prosperity and solid economic growth. Yesterday, in an early anniversary present, the CBO scored the performance of the stimulus and the Obama administration on that very metric, and the first paragraph delivers the verdict clearly, emphases mine:


The rate of unemployment in the United States has exceeded 8 percent since February 2009, making the past three years the longest stretch of high unemployment in this country since the Great Depression. Moreover, the Congressional Budget Office (CBO) projects that the unemployment rate will remain above 8 percent until 2014. The official unemployment rate excludes those individuals who would like to work but have not searched for a job in the past four weeks as well as those who are working part-time but would prefer full-time work; if those people were counted among the unemployed, the unemployment rate in January 2012 would have been about 15 percent. Compounding the problem of high unemployment, the share of unemployed people looking for work for more than six months—referred to as the long-term unemployed—topped 40 percent in December 2009 for the first time since 1948, when such data began to be collected; it has remained above that level ever since.

 

[NeverEndingMe]

we need more entitlements!

after all, if the 1% paid their fair share...and by that I mean give away 50% of their income to uncle obama regime, then the 99% wouldn't have to pay income tax

oh wait, 50% of America doesn't pay income tax as it is

 

[busybody..]

Its good to be NIGGA! you can do everything badly

And everyone will protect and defend you

ON THE THREE-YEAR ANNIVERSARY OF OBAMA’S STIMULUS, WHAT HAS IT ACHIEVED? “The jobless rate is unchanged from February 2009 to January 2012, the latest month for which we have data. Both stood at 8.3%, according to the Bureau of Labor Statistics. Obama’s economists had initially predicted that with the stimulus, unemployment would stay below 8%.”But wait, there’s more:



The number of workers who have been unable to find a job in 27 months or more has shot up 83%, with their ranks now at 5.5 million.

Civilian labor force: It has shrunk by 126,000. In past recoveries, the labor force climbed an average of more than 3 million over comparable time periods.

Labor force participation: The share of adults in the labor force — either looking or working — has dropped 3% — also highly unusual in a recovery. At 63.7%, labor force participation is at a low not seen since the middle of the very deep 1981-82 recession, when fewer women were in the work force. A lower participation rate makes the unemployment rate look better.

Household income: Median annual household income is about 7% below where it was in February 2009, according to the Sentier Research Household Income Index.

Read the whole thing

 

[Sean Renaud]

Wow. With both Neverendingme and Busybody on ignore this thread occasionally devolves into Dexter edited for the Disney Channel.

 

[richard_daily]

Wow. With both Neverendingme and Busybody on ignore this thread occasionally devolves into Dexter edited for the Disney Channel.

Who doesn't have those yahoos on ignore?

 

[Sean Renaud]

Who doesn't have those yahoos on ignore?

I didn't put Neverendingme on for the longest time. Hell I left BB off until he insisted on his signature always being screen warpingly wide. And left NEM off once I realized I was taking one for the team by playing with him instead of making Jen create her xth alt to get off ignore but I got bored.

 

[NeverEndingMe]

Here's a link showing that there have been almost 500 new gulf oil drilling permits since the spill. And that's not including Pacific and Alaskan permits (and gulf permits issued pre-spill). You can even download copies of each individual application.

http://www.bsee.gov/Regulations-and-Guidance/Permits/Status-of-Gulf-of-Mexico-Well-Permits.aspx


None of this matters to Rightfield. You could print out all 500 new drilling permits and jam them in his boxer shorts. He'd look you in the eye and tell you they don't exist because that's what a blogger said.

and how many rigs were assigned to those permitted areas?

its one thing to issue a permit, but we all know that government can make it impossible to actually use that permit

here is the kicker part, we all know Merc/Perg/UD/Celeb have no idea what real world experience is

 

[phrodeau]

and how many rigs were assigned to those permitted areas?

its one thing to issue a permit, but we all know that government can make it impossible to actually use that permit

here is the kicker part, we all know Merc/Perg/UD/Celeb have no idea what real world experience is

It's a higher number than you can count to.

 

[Sean Renaud]

That could be one.

 

[NeverEndingMe]

I didn't put Neverendingme on for the longest time. Hell I left BB off until he insisted on his signature always being screen warpingly wide. And left NEM off once I realized I was taking one for the team by playing with him instead of making Jen create her xth alt to get off ignore but I got bored.

little boys like you can't stand up on your own, you run to your mommie while holding your little penis

 

[NeverEndingMe]

It's a higher number than you can count to.

so what you are saying is that the regime doesn't want any American oil rigs in the Gulf, only those from China

 

[phrodeau]

so what you are saying is that the regime doesn't want any American oil rigs in the Gulf, only those from China

The Chinese regime, you mean?

 

[Beco]

Solyndra was a bad investment. And it represents all of .0006% of the overall stimulus. The fact that a stimulus package of this magnitude doesn't have a dozen Solyndras is the only mildly surprising thing here.

Your perspective is terrible.

What is surprising is the White House acting like VC's.....

 

[Sean Renaud]

Phro. . .dude. You're like the last surviver man c'mon over. This page is like straight trippy if you wander over to the darkside.

 

[RightField]

So, based on that jobs trend above, it can be said that Obama's recovery is charactorized by an arrow heading downwards and he demands that we be damned happy about it because he knows whats good for us. He also knows what's good for us in medical insurance too and is not shy about telling us exactly what we're going to get.

 

[mercury14]

So, based on that jobs trend above, it can be said that Obama's recovery is charactorized by an arrow heading downwards and he demands that we be damned happy about it because he knows whats good for us. He also knows what's good for us in medical insurance too and is not shy about telling us exactly what we're going to get.

Only if you blame the Great Recession on Obama.