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

[mercury14]

Want a cookie I don't care your in usaf reserves

Well, feel free to stop talking about it then.

You don't support the free market if we done nothing we ben better off would sucked yes but all we done make thing worse now when it does happen.

You fail at basic grammar but expect other people to take your macroeconomic theories seriously?

 

[NeverEndingMe]

what ever helps you sleep little boy child

I'm in the USAF reserves. I have a private sector professional career as well and make a significant percentage of my income from capital gains and dividends.

How are these personal attacks working out for you by the way? Do you find them a good substitute for talking rationally?




These are just things you want to be true though. And you're probably right on things like how the free market will always correct itself. But without things like the financial sector bailout we would have suffered through a catastrophe on par with the Great Depression. Possibly even worse.

What I'm telling you it that I support the free market. But government intervention can be - in some instances - worth it.

 

[NeverEndingMe]

Well, feel free to stop talking about it then.




You fail at basic grammar but expect other people to take your macroeconomic theories seriously?

you dribble like RobDownSouth

 

[Ham Murabi]

Indiana Republican Gov. Mitch Daniels said Tuesday that the size of the U.S. national debt and the rate at which the debt is accumulating will lead the United States to “ruin” -- and no other outcome is mathematically possible.

“Whether one believes in a large, very active government or something more limited, mathematically, the amount of debt we already have and the terrifying rate at which it is accumulating will lead to national ruin,” Daniels said.

“There’s no other outcome arithmetically possible,” he added.

As of February 2012, according to monthly U.S. Treasury statements, our national debt is $15.48 trillion, about a $130 billion more from the month prior when the national debt was $15.35 trillion.

The Hoosier governor made his remarks in a conference call hosted by No Labels, a group of Democrats, Republicans, and independents "dedicated to making government work again."

Daniels said that Congress has become dysfunctional in terms of dealing with our economic and fiscal situation -- and picked a “lousy time” to become dysfunctional, since the United States has never faced “a non-military danger or threat as large as the one we face today.”

Daniels said that when addressing the problem of the national debt and trying to level with audiences, he usually asks them to put ideology aside for the moment and focus on the math surrounding our national debt – something he said no longer “works.”

“Look, let’s put the ideological debate off (to) tomorrow,” Daniels said. “You know, for today, can we agree that the math here does not work?”

Mathematically speaking, Daniels said, it all breaks down.

“There is absolutely no way” that cutting or taxing our way out our fiscal problems are the solutions. Instead, we need a private economy that grows much faster, and meaningful entitlement reform, Daniels said.

Daniels said it is possible for the U.S. to go past the point of no return, which he described as a point “in which we are so indebted and so bankrupt that the mortgage payments eats all the dollars we need to put people to work.”

Daniels said it was very “disturbing” to him that “there are a lot of people” in the United States “who have come to the conclusion that there is now a flaw in the American character” and that “we are not people capable of governing ourselves as the system has always contemplated.”

“Too many people are dependent on the compulsory charity of others through the government,” Daniels said.

“Too many people are simply selfish and short-sighted. They don’t want to hear about the fact that they will make life much less promising for their children in the future,” he said.

“And they can easily be appealed to by demagogues who just say to keep doing nothing,” he added.

Daniels said he didn’t believe the American people are dysfunctional, but said Congress is engaged in practices that make agreement and decisive action nearly impossible.

Admittedly, Daniels said, those who believe in much more expensive, intrusive, and bigger government – although possibly very sincerely -- will have much more at stake than anyone in an effort to lay out a program that encourages the growth of the private economy.

“We’ve got policies right now which, I’m sure good-intentioned, are choking, strangling, and obstructing growth in almost every way one can name,” Daniels said, adding that “that is very self-defeating.”

The Hoosier governor also stated what recommendation he would offer to the next president as the “first order of business” once in office.

“We’ve simply got to say ‘We’ve got to unite to save the safety net,’” he said. “Social Security and Medicare are great programs but they are geriatric themselves at this current age and they need some repair.

 

[busybody..]

so what?

 

[mercury14]

Mitch isn't a bad guy, but he's stuck on the false notion that we can just cut our way out of debt by hacking away at Medicare. But the fact is, even if we somehow completely eliminate all federal spending on health care (Medicare, Medicaid, S-CHIP, etc) we're still left with a half-trillion dollar deficit. He talks about "the math" and then fails to do his own.

Also I find it extremely disingenuous when politicians talk about entitlement "reform" when they really mean cutting it. They're trying to conceal their true intent with false packaging.

 

[NeverEndingMe]

Mitch isn't a bad guy, but he's stuck on the false notion that we can just cut our way out of debt by hacking away at Medicare. But the fact is, even if we somehow completely eliminate all federal spending on health care (Medicare, Medicaid, S-CHIP, etc) we're still left with a half-trillion dollar deficit. He talks about "the math" and then fails to do his own.

Also I find it extremely disingenuous when politicians talk about entitlement "reform" when they really mean cutting it. They're trying to conceal their true intent with false packaging.

I'm merc, government is the only solution.

 

[RobDownSouth]

Still more bad news for the "Better America Fail Than The Neggar President Succeed" crew (Vetteman, Right Field, 4est_4est_Gump, Koalabear, et al)

Jobless Claims in U.S. Decrease, Matching Four-Year Low

LINK

Claims for jobless benefits dropped last week in the U.S., matching the lowest level in four years, more evidence the labor market is improving.

Applications for unemployment insurance payments fell by 14,000 to 351,000 in the week ended March 10, Labor Department figures showed today. Economists forecast 357,000, according to the median estimate in a Bloomberg News survey. Claims reached the same level a month ago, the lowest since March 2008.

Companies have slowed the pace of firings and are expanding their workforces as sales and confidence improve and the threat of financial contagion from a European default diminishes. A Labor Department report last week showed job growth in February capped the best six months since 2006.

WHAR are my doom-n-gloom bitches? WHAR?

 

[Disgustipated]

A_J picked a good week to go on staycation. Between good news for the economy and vettebirther's breakdown, he would have even made a bigger fool of hisself.

 

[eyer]

Culture affects economy more than any President can...

The Go-Nowhere Generation

By TODD G. BUCHHOLZ and VICTORIA BUCHHOLZ

AMERICANS are supposed to be mobile and even pushy. Saul Bellow’s Augie March declares, “I am an American ... first to knock, first admitted.” In “The Grapes of Wrath,” young Tom Joad loads up his jalopy with pork snacks and relatives, and the family flees the Oklahoma dust bowl for sun-kissed California. Along the way, Granma dies, but the Joads keep going.

But sometime in the past 30 years, someone has hit the brakes and Americans — particularly young Americans — have become risk-averse and sedentary. The timing is terrible. With an 8.3 percent unemployment rate and a foreclosure rate that would grab the attention of the Joads, young Americans are less inclined to pack up and move to sunnier economic climes.

...In the mid-’70s, back when every high school kid longed for his driver’s license and a chance to hit the road and find freedom, Bruce Springsteen wrote his brilliant, exciting album “Born to Run.” A generation later, as kids began to hunker down, Mr. Springsteen wrote his depressing, dead-end dirge, “The Ghost of Tom Joad.” We need to reward and encourage forward movement, not slouching. That may sound harsh, but do we really want to turn into a country where young Americans can’t even recognize the courage of Tom Joad?

Maybe it’s time to yank out the power cords, pump up the flat bicycle tires or even reopen Route 66 — whatever it takes to get our kids back on the road.

Entire piece @

http://www.nytimes.com/2012/03/11/opinion/sunday/the-go-nowhere-generation.html

 

[4est_4est_Gump]

Bernanke talks about prices in one area - energy, for example -- as different from those in the rest of the economy. The Germans, in their denial, thought their problem was limited to exchange rates, and that their domestic economy had hope. Risibly, Chancellor Joseph Wirth tried to tie down prices by regulating foreign currency. The equivalent, and equivalently risible, move today is the Ralph Nader effort to get the administration to push down oil prices.

The reason a little inflation is not all right, and the reason inflation comes suddenly, is expectations.

The phrase “perception is reality” is overused generally. But perception can be reality in monetary policy. The bond market doesn’t act merely on what it sees. It acts on what it expects of the Fed or the government. And our own Fed has let us know it’s capable of just about everything, which includes inflationary monetary policy. Disillusionment can come as fast as a gust, but building faith that the government won’t inflate again is like building a new sailboat, a project of years. Another way to put this is how the central banker Henry Wallich did. Inflation is like a banana, Jerry Jordan of the Cleveland Fed quoted him as saying. Once you see one brown spot, it’s too late.

The reason that markets haven’t jumped yet is that the last great inflation and correction happened in the late 1970s and early 1980s, just long enough ago that most adults in the financial markets don’t remember it.

We can debate whether today’s challenge resembles that faced in the early 1980s, or something worse. But one thing is clear: pretty soon, we’ll all be in deep water.

I moving money today out of stocks, most of it was money I put in at the beginning of the Obama Presidency for tax purposes.

All appeared calm in 1972, too, before inflation jumped to 11 percent by 1974, and stayed high for the rest of the decade, diminishing the quality of life for whole cohorts. They paid the higher interest rates needed to reduce the inflation, and got a house with one less bedroom. Or no pool.

The thing about inflation is that it accelerates. The acceleration hit storybook levels in the most sudden case of all, that of Germany in 1922. Many financial analysts thought the Weimar authorities weren’t producing enough money.

“Tight Money in German Market: Causes of the Abnormally Rapid Currency Deflation at Year-End,” read a New York Times headline. The Germans didn’t know it, but they had already turned their money into wallpaper; the next year would see hyperinflation, when inflation races ahead at more than 50 percent a month. It moved so fast that prices changed in a single hour. Yet even as it did so, the country’s financial authorities failed to see inflation. They thought they were witnessing increased demand for money.

http://www.bloomberg.com/news/2012-...ittle-inflation-capsize-u-s-amity-shlaes.html

I said it once, I'll say it again, there were bright spots even during the Depression when things looked like they had turned the corner. We are in a Lost Decade and all the happy dancing and celebrating now will be remembered.

 

[4est_4est_Gump]

In today's headlines I see that the number of adults staying home with mommy and daddy is increasing...

 

[4est_4est_Gump]

How about those new CBO numbers on health care?

More for gas, more for health care, more for food...,





We're going to need to print some more money to keep the consumer confident; maybe we can get the market to 14K...

 

[RoryN]

14K posts full of chickenshit alts and right-fringers desperate for the country to fail under Liberal leadership. 14K.

And yet it A: hasn't failed, and B: will soon have Obama back for another four years, in no small part thanks to a totally inept Republican candidate pool, and right-fringers like the ones in this thread who have thoroughly turned off the thinking American public regarding their causes.

So...how's this workin' for ya?

 

[4est_4est_Gump]

Wasn't that based on a model?

http://mises.org/daily/5958/Forecasting-The-Model-Solution

Summary and Conclusions

According to the popular way of thinking, the criterion for the selection of a theory should be its predictive power. So long as the model "works," it is regarded as a valid framework to assess the state of an economy. If the model fails to produce accurate forecasts, it is either replaced or modified. The tentative nature of theories implies that our knowledge of the real world is elusive. Contrary to the popular view, we hold that by means of a fundamental statement that human actions are conscious and purposeful we can derive the entire body of economics. Because the knowledge derived here is based on a fundamental, true statement, this knowledge is not tentative and elusive but absolutely definite. Consequently, we don't require various statistical methods here to validate the economic theory, which is derived from the fact that human actions are conscious and purposeful. Analysts who rely on statistical methods to ascertain the facts of reality are running the risk of producing erroneous analyses.

 

[4est_4est_Gump]

14K posts full of chickenshit alts and right-fringers desperate for the country to fail under Liberal leadership. 14K.

And yet it A: hasn't failed, and B: will soon have Obama back for another four years, in no small part thanks to a totally inept Republican candidate pool, and right-fringers like the ones in this thread who have thoroughly turned off the thinking American public regarding their causes.

So...how's this workin' for ya?

This is...


SUCCESS??? You like the new norm?

 

[unregistered]

 

[4est_4est_Gump]

What the idiot Rory doesn't understand is that liberal leadership dooms itself to failure.

No, he's just caught up in the celebration. Everyone he knows is happy that unemployment has leveled off at 8.3%...

 

[4est_4est_Gump]

Chu is perhaps the best example of Barack Obama’s stated goal of relying on smart, proven experts to run his cabinet departments. And yet the Department of Energy has floundered under Chu’s administration.

President Obama has often said that “no single issue is as fundamental to our future as energy.” He promised a “steady, focused, pragmatic” approach that would encourage “the hard work needed to achieve results.”

Instead, the DOE has mostly focused on high-risk venture capitalism. The department’s Loan Guarantee Program (LGP) has allocated $30 billion to start-up green-energy firms. While investing that amount of money in unproven businesses would be tricky under any circumstance, wise investors who are spending their own money minimize risk by examining prospective deals with great care. Not the DOE. A recently published report from the Government Accountability Office (GAO) shows that the LGP failed to adhere to its own vetting process “at least once on 11 of the 13 applications GAO reviewed.”

Unsurprisingly, several of these loans have turned out to be troublesome. Solyndra has become well known as a symbol of the administration’s misdirected investments, but the DOE may actually be lucky that Solyndra got so much attention; otherwise, the bankruptcies of Beacon Power, Evergreen Solar, SpectraWatt, and Eastern Energy, or the massive layoffs by the National Renewable Energy Laboratory, Fisker Automotive, and Abound Energy — all firms that received millions or billions of dollars from the government — would be garnering more attention.

In fact, Sharyl Attkisson of CBS News reported that twelve companies, which received a total of about $6.5 billion from the DOE, are facing severe financial issues or have already declared bankruptcy. When questioned by the House Subcommittee on Energy and Power about how many DOE-financed firms might be at risk, Secretary Chu said, “I don’t recall the exact number.” He refused to have his staff prepare a list for the committee after the hearing.

While the administration is evasive on the viability of these loans, it has given a direct, if implicit, admission of its overall difficulties in promoting green power by changing its tone on fossil fuels. In 2008 Chu famously admitted that he would welcome European-level gasoline prices as a way to wean America off of gas and onto renewable energy sources. On Tuesday he said, “I no longer share that view.” And the president has recently been touting the fact that American oil production has increased (though not on federal land). This change in rhetoric makes sense, because the most genuinely promising innovation the government has invested in is hydrocarbons from algae, which may trickle into the market in ten years or so.

As Ed Morrissey noted, when asked to assign himself a grade for his work as Energy Secretary, Chu admitted that “there’s always room for improvement” but gave himself an A−. If Secretary Chu’s performance has just half a letter grade’s worth of room for improvement, and he is the best-credentialed expert we could hope for, then perhaps venture capitalism should not be left to the government.

http://www.nationalreview.com/blogs/print/293634

When Government gets involved in Venture Capitalism, we call that Crony Capitalism...

 

[fair_warning]

What the idiot Rory doesn't understand is that liberal leadership dooms itself to failure.

Oh come on..that's just you thinking out loud...

 

[unregistered]

 

[unregistered]

 

[fair_warning]

And the happenings are?

 

[4est_4est_Gump]

Drilling is not the answer.

It's wind.
Solar.
Corn.
Switchgrass.
Algae...




... teaching hamsters to shout "Row!"

 

[RoryN]

Look around. No, just look at what's happening in the United States as we speak. There couldn't be better testimony than the Obama administration.

Sort of like vette couldn't serve as better testimony that aging, ex-military racists/sexists living in right-fringe San Diego are exponentially less and less representative of the average intellectually-capable American every year. This is called "progress".

That's okay - they can still go to OTL once a year and feel superior. They won't let ESPN2 in to film them so that the world can laugh at them, though.