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

[mercury14]

No asshole, that stock was purchased with taxpayers money you big dummy. We are still in the red. Why do you think you know more than anyone else in the financial world?

And none of it means GM has any debt.

 

[Beco]

Speculators are speculating because of Iran/Syria/Israel concerns. They don't just speculate for the hell of it.

I said that's part of it....but its also Obama's mandate to have high energy prices, his chickens are coming home to roost.

 

[mercury14]

I said that's part of it....but its also Obama's mandate to have high energy prices, his chickens are coming home to roost.

Lol wut mandate to have high energy prices?

 

[Ulaven_Demorte]

I said that's part of it....but its also Obama's mandate to have high energy prices, his chickens are coming home to roost.

This is some Faneros grade stupidity. But that stands to reason.

Speculation is driving up prices because of Iran being moronic as usual. There is no "mandate to have high energy prices", quite the opposite in fact.

 

[4est_4est_Gump]

I agree, none what-so-ever...

“I’m just going to be honest with you. There’s not much we can do next week or two weeks from now... If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know [laughingly], you might want to think about a trade-in.”
Barack Hussein Obama, the Green Pres__ent (with no id, uh)
April 2011

http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

When I was asked earlier about, uh, the issue of coal. Uhhh, y'know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket....
We would put a cap-and-trade system in place, eh, that is as aggressive, if not more aggressive, than anybody else's out there. So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're gonna be charged a huge sum for all that, uh, greenhouse gas that's being emitted.
Barack Hussein Obama
Editorial board meeting, San Francisco Chronicle
January 2008

"How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that?"
Alan Grayson
***

"Look, if you do this, you're not gonna be hurting Big Oil; you're gonna be hurting employment in my state. You people in Michigan, yeah, go ahead. You complain all you want about the gasoline price. What are you doing to contribute to our energy in this country? Your state doesn't do anything for energy. But we here in Louisiana, we contribute. We have all kind of things.

"We have a lot of jobs. We have a lot of companies, a lot of businesses here that are devoted to producing and providing energy for this whole country, and I resent this notion of being singled out."
Mary Landrieu (D)

__________________
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Obama Energy Secretary Steven Chu

A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States...,
John P. Holdren
White House Office of Science and Technology Director

 

[4est_4est_Gump]

Should we start a pool on when he starts letting loose with the strategic reserve?

 

[richard_daily]

And none of it means GM has any debt.

No, you're missing the point... the stock market is not the economy, except when it is... except when it's not.

 

[richard_daily]

I agree, none what-so-ever...

“I’m just going to be honest with you. There’s not much we can do next week or two weeks from now... If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know [laughingly], you might want to think about a trade-in.”
Barack Hussein Obama, the Green Pres__ent (with no id, uh)
April 2011

http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

When I was asked earlier about, uh, the issue of coal. Uhhh, y'know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket....
We would put a cap-and-trade system in place, eh, that is as aggressive, if not more aggressive, than anybody else's out there. So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're gonna be charged a huge sum for all that, uh, greenhouse gas that's being emitted.
Barack Hussein Obama
Editorial board meeting, San Francisco Chronicle
January 2008

"How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that?"
Alan Grayson
***

"Look, if you do this, you're not gonna be hurting Big Oil; you're gonna be hurting employment in my state. You people in Michigan, yeah, go ahead. You complain all you want about the gasoline price. What are you doing to contribute to our energy in this country? Your state doesn't do anything for energy. But we here in Louisiana, we contribute. We have all kind of things.

"We have a lot of jobs. We have a lot of companies, a lot of businesses here that are devoted to producing and providing energy for this whole country, and I resent this notion of being singled out."
Mary Landrieu (D)

__________________
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Obama Energy Secretary Steven Chu

A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States...,
John P. Holdren
White House Office of Science and Technology Director

I see you have your new talking points memo.

 

[4est_4est_Gump]

I've been posting those for some time now.



If you are a Democrat, then all we can say is that higher as prices is what you voted for. Now that they are here, don't try to pass the blame on to everyone but yourselves.

No one on the Left has for a second tried to hide the notion that higher prices on energy lead to alternative energy and increased conservation.

My thermostat has been set on 60 this winter.

Thank you so very much...

Whatta gift!

 

[richard_daily]

I don't buy gas, so your petty problems don't matter to me.

Move to a city, doofus.



See, I can use your style of arguments too!

I've been posting those for some time now.



If you are a Democrat, then all we can say is that higher as prices is what you voted for. Now that they are here, don't try to pass the blame on to everyone but yourselves.

No one on the Left has for a second tried to hide the notion that higher prices on energy lead to alternative energy and increased conservation.

My thermostat has been set on 60 this winter.

Thank you so very much...

Whatta gift!

 

[4est_4est_Gump]

You sound like an angry child.

I do note that you are not saying that what I am saying is not true but rather that you just don't like what I am saying about the polity you support, that of high energy costs...

I bitched about Bush for six years, and through all that time the Republicans on this board never trashed me the way the Democrats do now that "their guy" is "in charge."

They were angry when Bush was President, but they seem even more angry now that Obama is President.

Maybe it's just disappointment.

Maybe, it's who they really are and have been all along.
A_J, the Wiser

 

[phrodeau]

I agree, none what-so-ever...

“I’m just going to be honest with you. There’s not much we can do next week or two weeks from now... If you’re complaining about the price of gas and you’re only getting 8 miles a gallon, you know [laughingly], you might want to think about a trade-in.”
Barack Hussein Obama, the Green Pres__ent (with no id, uh)
April 2011

http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

When I was asked earlier about, uh, the issue of coal. Uhhh, y'know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket....
We would put a cap-and-trade system in place, eh, that is as aggressive, if not more aggressive, than anybody else's out there. So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're gonna be charged a huge sum for all that, uh, greenhouse gas that's being emitted.
Barack Hussein Obama
Editorial board meeting, San Francisco Chronicle
January 2008

"How about just tracking down every single person who said drill baby drill and putting them all in prison. Why don’t we do that?"
Alan Grayson
***

"Look, if you do this, you're not gonna be hurting Big Oil; you're gonna be hurting employment in my state. You people in Michigan, yeah, go ahead. You complain all you want about the gasoline price. What are you doing to contribute to our energy in this country? Your state doesn't do anything for energy. But we here in Louisiana, we contribute. We have all kind of things.

"We have a lot of jobs. We have a lot of companies, a lot of businesses here that are devoted to producing and providing energy for this whole country, and I resent this notion of being singled out."
Mary Landrieu (D)

__________________
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Obama Energy Secretary Steven Chu

A massive campaign must be launched to restore a high-quality environment in North America and to de-develop the United States...,
John P. Holdren
White House Office of Science and Technology Director

You posted this in another thread: http://forum.literotica.com/showpost.php?p=40049872&postcount=66

The President has repeatedly said he wants higher energy prices in the Holy name of Gaia...

Maybe you could actually find some of those quotes for your c&p file.

Until then, we'll assume you're full of shit.

 

[richard_daily]

You sound like an angry child.

I do note that you are not saying that what I am saying is not true but rather that you just don't like what I am saying about the polity you support, that of high energy costs...



Maybe, it's who they really are and have been all along.
A_J, the Wiser

Hold on, let me use adult AJ speak:



Huzzah!

Hoo-ray!

& Yeah!



I DRIVE AN SUV AND I LOVE 'MERICA

All Hail Obama!

Quote:
Yes, I said it: Obama is a racist. As the white, conservative mother of black/Mexican/white children, I know a racist when I hear one. So is his buddy, Henry Louis Gates. Don't let these two Ivy League-educated, erudite, distinguished black men convince you that only whites can be racists. Believe me, these two men are the worst kind of racists: black and elitist.
Read more: http://www.americanthinker.com/2009/07/obamas_a_racist.html



Obama, you really got me goin
You got me so I don't know what Im doin
Yeah, you really got me now
You got me so I can't sleep at night

Yeah, you really got me now
You got me so I don't know what Im doin, now
Oh yeah, you really got me now
You got me so I can't sleep at night

You really got me
You really got me
You really got me

See, don't ever set me free
I always wanna be by your side
Obama, you really got me now
You got me so I can't sleep at night

 

[RobDownSouth]

Hold on, let me use adult AJ speak:

http://i.imgur.com/rvOmK.gif

 

[mercury14]

I've been posting those for some time now.



If you are a Democrat, then all we can say is that higher as prices is what you voted for. Now that they are here, don't try to pass the blame on to everyone but yourselves.

No one on the Left has for a second tried to hide the notion that higher prices on energy lead to alternative energy and increased conservation.

My thermostat has been set on 60 this winter.

Thank you so very much...

Whatta gift!

Pull over lit poster! You've been caught in another logic failure - a two-fer in fact!


http://freespeech.vo.llnwd.net/o25/pub/pp/images/september2008/020908cops.jpg

Clear Non Sequitur violation. And I'll staple an extra "denying the antecedent" on the bottom of your ticket for the
for ignoring the actual reason energy prices spiked.

 

[mercury14]

No asshole, that stock was purchased with taxpayers money you big dummy. We are still in the red. Why do you think you know more than anyone else in the financial world?

And like I proved, GM owes the taxpayer nothing. Shares of stock are not debt, dweeb. Companies don't pay investors for the value of their stock shares. Do you even know what stock is?

 

[unregistered]

 

[mercury14]

Don't you get it, dummy? It's the taxpayers who are getting screwed by your Dummy's need to bail out his union constituency with our money. Being subsidized by the government is no measure of success.

http://i.telegraph.co.uk/multimedia/archive/00965/money-graphics-2006_965498a.jpg

You said GM has to pay back the taxpayers. You're either lying or once again you were duped by the lying conservative media. Which is it?

 

[unregistered]

 

[mercury14]

You said GM has a debt to taxpayers that they need to pay back. How? Where's the bill? How much is the bill for? Where does GM get they get the money and why would the shareholders want to pay?

You lied. You're still lying.

Please stop lying.

 

[RightField]

Interesting perspective.

Gasoline Prices Are Not Rising, the Dollar Is Falling
Forbes
Today
Louis Woodhill

Panic is in the air as gasoline prices move above $4.00 per gallon. Politicians and pundits are rounding up the usual suspects, looking for someone or something to blame for this latest outrage to middle class family budgets. In a rare display of bipartisanship, President Obama and Speaker of the House John Boehner are both wringing their hands over the prospect of seeing their newly extended Social Security tax cut gobbled up by rising gasoline costs.

Unfortunately, the talking heads that are trying to explain the reasons for high oil prices are missing one tiny detail. Oil prices aren’t high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0.65 to $0.75 per gallon from where they are now just to be “normal”. And, because gasoline prices are low right now, it is very likely that they are going to go up more—perhaps a lot more.

What the politicians, analysts, and pundits are missing is that prices are ratios. Gasoline prices reflect crude oil prices, so let’s use West Texas Intermediate (WTI) crude oil to illustrate this crucial point.

As this is written, West Texas Intermediate crude oil (WTI) is trading at $105.88/bbl. All this means is that the market value of a barrel of WTI is 105.88 times the market value of “the dollar”. It is also true that WTI is trading at €79.95/bbl, ¥8,439.69/barrel, and £67.13/bbl. In all of these cases, the market value of WTI is the same. What is different in each case is the value of the monetary unit (euros, yen, and British pounds, respectively) being used to calculate the ratio that expresses the price.

In terms of judging whether the price of WTI is high or low, here is the price that truly matters: 0.0602 ounces of gold per barrel (which can be written as Au0.0602/bbl). What this number means is that, right now, a barrel of WTI has the same market value as 0.0602 ounces of gold.

During the 493 months since January 1, 1971, the price of WTI has averaged Au0.0732/bbl. It has been higher than that during 225 of those months and lower than that during 268 of those months. Plotted as a graph, the line representing the price of a barrel of oil in terms of gold has crossed the horizontal line representing the long-term average price (Au0.0732/bbl) 29 times.

At Au0.0602/bbl, today’s WTI price is only 82% of its average over the past 41+ years. Assuming that gold prices remained at today’s $1,759.30/oz, WTI prices would have to rise by about 22%, to $128.86/bbl, in order to reach their long-term average in terms of gold. As mentioned earlier, such an increase would drive up retail gasoline prices by somewhere between $0.65 and $0.75 per gallon.

At this point, we can be certain that, unless gold prices come down, gasoline prices are going to go up—by a lot. And, because the dollar is currently a floating, undefined, fiat currency, there is no inherent limit to how far the price of gold in dollars can rise, and therefore no ultimate ceiling on gasoline prices.

Federal Reserve Chairman Ben Bernanke uses a “core CPI index” that excludes food and energy to guide monetary policy. From Big Ben’s point of view, rising gasoline prices are not a problem. For the rest of us, they are becoming a big problem.

Over the centuries, gold has been “the golden constant”. Eventually, all prices equilibrate with gold. This is why gold represents the best available standard in terms of which to define the value of a monetary unit. Forty-one years ago, when the value of the dollar was defined in terms of gold at $35/oz, WTI was selling for $3.56/bbl.

Right now, the threat posed by rising gasoline prices is not just to family budgets. An even greater danger is that the government will use escalating oil prices as an excuse to do something stupid.

After President Nixon abrogated the Bretton Woods monetary arrangement in stages starting in September 1971, both gold prices and oil prices started to rise. The government responded by imposing wage-price controls. This made a bad situation much worse.

This time around, the stupid policies being considered to “deal with” rising gasoline prices include additional cuts in payroll taxes and higher taxes on energy producers.

During the 1970s, the toxic combination of a weak dollar, high tax rates, and onerous regulations introduced a new word into America’s economic vocabulary: stagflation. Reaganomics banished this word to the history books. Now, President Obama and Fed Chairman Bernanke are teaming up to give stagflation another try. It is not likely that Americans will like it any more this time around than they did 40 years ago.

 

[mercury14]

You said GM has a debt to taxpayers that they need to pay back. How? Where's the bill? How much is the bill for? Where does GM get they get the money and why would the shareholders want to pay?

You lied. You're still lying.

Please stop lying.

Where'd you scurry off to, Vette?

 

[4est_4est_Gump]

This one is hitting close to home...



With the election of Obama we see, again the 180° turn in attitude towards blaming the President for high energy prices...

Bush and Cheney were personally profiting, they were purposely raising prices to benefit their buddies in Big Oil and now, the President is just an unfortunate victim of unusual circumstances as if no one in the world could have predicted Middle East tensions flaring up...

lol

This is why the rebuttals are of such a vicious, personal nature, for fact and reason seem to fail.

 

[4est_4est_Gump]

Interesting perspective.

Gasoline Prices Are Not Rising, the Dollar Is Falling
Forbes
Today
Louis Woodhill

Panic is in the air as gasoline prices move above $4.00 per gallon. Politicians and pundits are rounding up the usual suspects, looking for someone or something to blame for this latest outrage to middle class family budgets. In a rare display of bipartisanship, President Obama and Speaker of the House John Boehner are both wringing their hands over the prospect of seeing their newly extended Social Security tax cut gobbled up by rising gasoline costs.

Unfortunately, the talking heads that are trying to explain the reasons for high oil prices are missing one tiny detail. Oil prices aren’t high right now. In fact, they are unusually low. Gasoline prices would have to rise by another $0.65 to $0.75 per gallon from where they are now just to be “normal”. And, because gasoline prices are low right now, it is very likely that they are going to go up more—perhaps a lot more.

What the politicians, analysts, and pundits are missing is that prices are ratios. Gasoline prices reflect crude oil prices, so let’s use West Texas Intermediate (WTI) crude oil to illustrate this crucial point.

As this is written, West Texas Intermediate crude oil (WTI) is trading at $105.88/bbl. All this means is that the market value of a barrel of WTI is 105.88 times the market value of “the dollar”. It is also true that WTI is trading at €79.95/bbl, ¥8,439.69/barrel, and £67.13/bbl. In all of these cases, the market value of WTI is the same. What is different in each case is the value of the monetary unit (euros, yen, and British pounds, respectively) being used to calculate the ratio that expresses the price.

In terms of judging whether the price of WTI is high or low, here is the price that truly matters: 0.0602 ounces of gold per barrel (which can be written as Au0.0602/bbl). What this number means is that, right now, a barrel of WTI has the same market value as 0.0602 ounces of gold.

During the 493 months since January 1, 1971, the price of WTI has averaged Au0.0732/bbl. It has been higher than that during 225 of those months and lower than that during 268 of those months. Plotted as a graph, the line representing the price of a barrel of oil in terms of gold has crossed the horizontal line representing the long-term average price (Au0.0732/bbl) 29 times.

At Au0.0602/bbl, today’s WTI price is only 82% of its average over the past 41+ years. Assuming that gold prices remained at today’s $1,759.30/oz, WTI prices would have to rise by about 22%, to $128.86/bbl, in order to reach their long-term average in terms of gold. As mentioned earlier, such an increase would drive up retail gasoline prices by somewhere between $0.65 and $0.75 per gallon.

At this point, we can be certain that, unless gold prices come down, gasoline prices are going to go up—by a lot. And, because the dollar is currently a floating, undefined, fiat currency, there is no inherent limit to how far the price of gold in dollars can rise, and therefore no ultimate ceiling on gasoline prices.

Federal Reserve Chairman Ben Bernanke uses a “core CPI index” that excludes food and energy to guide monetary policy. From Big Ben’s point of view, rising gasoline prices are not a problem. For the rest of us, they are becoming a big problem.

Over the centuries, gold has been “the golden constant”. Eventually, all prices equilibrate with gold. This is why gold represents the best available standard in terms of which to define the value of a monetary unit. Forty-one years ago, when the value of the dollar was defined in terms of gold at $35/oz, WTI was selling for $3.56/bbl.

Right now, the threat posed by rising gasoline prices is not just to family budgets. An even greater danger is that the government will use escalating oil prices as an excuse to do something stupid.

After President Nixon abrogated the Bretton Woods monetary arrangement in stages starting in September 1971, both gold prices and oil prices started to rise. The government responded by imposing wage-price controls. This made a bad situation much worse.

This time around, the stupid policies being considered to “deal with” rising gasoline prices include additional cuts in payroll taxes and higher taxes on energy producers.

During the 1970s, the toxic combination of a weak dollar, high tax rates, and onerous regulations introduced a new word into America’s economic vocabulary: stagflation. Reaganomics banished this word to the history books. Now, President Obama and Fed Chairman Bernanke are teaming up to give stagflation another try. It is not likely that Americans will like it any more this time around than they did 40 years ago.

I'm sorry...

Why the hell is Forbes blaming inflation and not speculators?

Fucking idiots...

 

[mercury14]

I'm sorry...

Why the hell is Forbes blaming inflation and not speculators?

Fucking idiots...

I think you know why.

(That's not "Forbes" though. It's just an opinion piece from a right wing author.)