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

[mercury14]

Does that go for both sides?

Are the Democrats trying to make the official unemployment measure something else?

 

[Dribble]

Oil prices fall as gold gains.

Wanna take a stab at what lower prices on oil will do at the gas pumps? And you are trying to say this is bad?

 

[phrodeau]

The price of gas dropped six cents per gallon overnight in my neighborhood.

 

[mercury14]

The price of gas dropped six cents per gallon overnight in my neighborhood.

Gas faerie?

 

[richard_daily]

Gas faerie?

It was Obama's fault when it went up... I wonder who the wingnuts will give the credit to for it going down?

 

[4est_4est_Gump]

We made a ton of money in stocks when the market ran up 6.5k points. It wasn't hard at all. Even someone like you could have done it by simply putting your money on autopilot in an index fund.

But instead you missed out on a fantastic opportunity. Are you mad?

You reenforce every single thing that some research I posted about pointed out, that we on the right are so much better at understanding the Left then they are us.

I made plenty of money during this period and I continue to make money while the market is going down and I posted, for you, a link to the reason why but you are obsessed with the same internal dialog that consumes you, Throb, and U_D, that because we don't believe in the Democratic Economic Vision and portend no good end to it that therefore, we are stupid to not see what is clear to all of you (which actually we do, we just look also at the unseen) and since we are so stupid to not see that which you find evident, is is clear evidence that we are making all the wrong financial moves and therefore nearly destitute and if we say anything else, then we are obviously fucking lying, because our beliefs have to lead us to the actions your imagination has proscribed for us (because you know everything there is to be known and we know everything else).

In short, you're insane to a degree, like the devout Christian or the worshiper of Gaia; you believe you are motivated by Altruism and wanting the best for everybody around, if we would just see everything as you see it and truly understand what you understand and divine with your gut instinct, then the world would become a new Eden, but the fact of the matter is you're just relativistic moral busybodies who simply cannot be sated with the idea of letting everyone else live their own lives and reach their own conclusions without engaging government to "git theyah miahnds riaght..."

 

[4est_4est_Gump]

The price of gas dropped six cents per gallon overnight in my neighborhood.

That means that:

1). "Speculators" are anticipating a lack of demand and

2). People have been scared out of driving season and

3). The economy is not heating up and finally

a). After all the joy of the warmest March on record and the proof of Glow Ball Warning, April has cooled off rapidly, a lot like the accelerated economic activity of La Niña...

 

[4est_4est_Gump]

Wanna see the effect of inflation from an outsider's view?

Brazil’s President Dilma Rousseff used a visit to the White House on Monday to complain about US monetary policy as she made her case for international action against currency “manipulation” directly to Barack Obama.

In a meeting that highlighted the occasionally uneasy relationship between the two countries despite their potential to be strong partners, Ms Rousseff said that excessive monetary expansion in the US and Europe was hampering growth in countries such as Brazil.

Brazil is keen to win public support for its efforts to find a multilateral solution to what it calls the “currency war”, competitive devaluations of exchange rates by countries hoping to improve their export prospects.

http://www.ft.com/intl/cms/s/0/4e942712-826a-11e1-9242-00144feab49a.html#axzz1rdHdfifm

 

[MeeMie]

The most compelling visual of any to date regarding just how false the Obama unemployment figures really are – and why the stock market is reacting so negatively to the lastest jobs report.

http://www.zerohedge.com/sites/defa...ageroot/2012/03/Labor Force Participation.jpg

What you are seeing in the above graph is the rise in numbers of Americans who have simply GIVEN UP trying to find work in Obama economy – at present approximately 88 MILLION people no longer being counted as part of the overall unemployment numbers – never in American history have so many Americans simply stopped trying to find a job.

A direct condemnation of the dangerous, irresponsible, and overwhelmingly negative impacts of Barack Obama’s Big Government economic programs decimating any incentive for businesses to expand and hire.

American Job Hiring Suddenly Stops


Despite a slight dip in the unemployment figures, overall job hiring has suddenly declined in America with more and more people giving up finding a job altogether.



As the unemployment rates dips to 8.2% from 8.3% Barack Obama’s friends in the mainstream media are certain to attempt a much-choreographed happy dance to try and convince Americans things truly are getting better. The depressing reality tells a far different story though.

120,000 jobs were added last month – a figure nearly 100,000 BELOW what economists were expecting. Last month there were nearly 200,000 jobs created – indicating a month-over-month DECLINE of some 50% in job hiring. That is a staggering drop in job creation and points to a far less healthy economy than the media and the Obama administration would have you believe. The only reason the unemployment number went down to 8.2% is because fewer Americans are seeking work – so that growing number of unemployed Americans is no longer being counted.

Barack Obama initiated the most dramatic increases in deficit spending in generations – trillions upon trillions of dollars thrown at various Green Energy pet projects, Big Labor kickbacks, and state pension fund bailouts. Those trillions of dollars now represent perhaps the single greatest threat to the long term stability of the United States. The children of America’s children will be burdened with the economic folly that has represented the presidency of Barack Hussein Obama.

http://4.bp.blogspot.com/-fCPeq3O5l...Hu_9hLCnA/s400/100803-obama-golf-homeless.jpg

 

[4est_4est_Gump]

Not to worry!



We still have the magical economic multiplication of food stamps!

 

[unregistered]

 

[4est_4est_Gump]

Millennials Turn Rightward?
By Nathaniel Botwinick, NRO
April 10, 2012 4:00 A.M.

The “luster of Obama’s promises has worn off” and “hope” and “change” no longer drive young voters. In 2008, the “millennial” generation, comprising those between the ages of 18 to 29, voted for President Obama by a margin of 2–1. In 2004, President Bush lost this demographic by nine points to John Kerry. But, for the first time in over a decade, it appears the trend has reversed — young Americans are now reconsidering their allegiances to the Democratic party. Why have the millennials, the group that Obama has described as “the foundation of [his] campaign,” abandoned him? To quote another Democratic campaign, “it’s the economy, stupid.”

According to research conducted for Resurgent Republic, a conservative policy organization, young voters are no longer enamored with the president because of the current state of the economy. The millennials chosen for the focus groups were all self-identified independents who had voted for Obama in 2008 but were now undecided on the generic ballot. The dramatic effects of the “Great Recession” had shifted the mindsets of these younger Americans — unemployment amongst this crucial Obama demographic is currently at its highest point since the end of World War II.

Furthermore, among the millennials interviewed, there was a “palpable sense of underemployment” according to Luke Frans of Resurgent Republic. Although these young voters still like Obama personally, they now hold him responsible for his policies. Discussions of “hope” and “change” only elicited cynicism from them. A young North Carolinian surveyed said that President Obama “promised the moon and could not even deliver the upper atmosphere,” while another voter from Raleigh complained that “we expected a lot more.”

Resurgent Republic is not the only group to have discovered this trend among younger voters. Generation Opportunity, a new, non-partisan organization that seeks to organize millennials on economic issues, has also found rising dissatisfaction over Obama’s handling of the economy from previously ardent supporters. Its polling of young Americans across the country shows that 54 percent believe America is heading in the wrong direction. According to Paul Conway, the president of Generation Opportunity, the “number one overwhelming issue [for them], which folks deal with everyday, is the lack of jobs in America.” Generation Opportunity has found that the current economy has forced 77 percent of millennials to put their lives on hold. Many are delaying buying a home, saving for retirement, paying off debt, returning to school, or starting a family

 

[4est_4est_Gump]

They're trying to tell us the improving economy is why the unemployment numbers went down to 8.2%, when that wasn't it at all.

Yes, they are struggling to make the definition fit the promise of the Stimulus...




Unemployment topping out at 8%!

All they have to do is destroy a few million more jobs to reach that target.

I hope the kids take it in the shorts.

 

[4est_4est_Gump]

In politics, few talents are as richly rewarded as the ability to convince parasites that they are victims. Welfare states on both sides of the Atlantic have discovered that largesse to losers does not reduce their hostility to society, but only increases it. Far from producing gratitude, generosity is seen as an admission of guilt, and the reparations as inadequate compensations for injustices — leading to worsening behavior by the recipients.

Some people say that taxes are the price we pay for civilization. But the runaway taxes of our time are the price we pay for being gullible.

Whatever the ideology or rhetoric of the political Left, their agenda around the world has been preempting other people’s decisions and regimenting other people’s lives.

People who believe in evolution in biology often believe in creationism in government. In other words, they believe that the universe and all the creatures in it could have evolved spontaneously, but that the economy is too complicated to operate without being directed by politicians.

The United States now has the dubious distinction of having the highest corporate-tax rate in the world. And people wonder why American corporations are expanding overseas, providing jobs to foreigners. The Left may get its jollies attacking “the rich,” but its real victims are other people, the ones who need the jobs that are sent overseas to escape a hostile business climate at home.

Different people prefer different exercises. The Republicans’ favorite exercise is running for the hills. The Democrats’ favorite exercise is kicking the can down the road.

When politicians say, “spread the wealth,” translate that as “concentrate the power,” because that is the only way they can spread the wealth. And once they get the power concentrated, they can do anything else they want to, as people have discovered — often to their horror — in countries around the world.

Thomas Sowell, NRO

 

[4est_4est_Gump]

As a Democrat, I hate to deliver more bad news to President Obama after the defeat of 2010. But I must warn my party of a looming potential economic/political threat that could make the 2010 “shellacking” look mild.

Preliminary indications are that the nation may be in for another bout of inflation. With gas prices up over 15% this winter due to the turmoil in the Middle East, many economists and business reporters are worried that those higher costs will soon be included in the price of nearly everything. In addition, bad weather and increasing global population are causing food prices to rise.

The historical record shows that when prices rise rapidly, voters blame the federal government and take out their wrath on the party of “big government,” the Democrats. Right now, most voters believe that the recession and continuing high unemployment are the nation’s foremost problems. And many economists are more worried about “deflation” (falling jobs, prices, and incomes). But if inflation were to make an unwelcome comeback in the coming decade — especially when combined with already high unemployment — Republicans could win so big that they’d finally complete the across-the-board political realignment Karl Rove dreamed of. And a bout of “hyperinflation” — over 20% — could wreck the Democratic Party for a generation.

Patrick Reddy
http://pjmedia.com/blog/historically-dems-pay-price-when-inflation-hits/?singlepage=true

 

[unregistered]

 

[MeeMie]

Number of Americans Not in Labor Force Hits Record High

Predictably, the “mainstream” media has been paving the path to Obama’s reelection by telling us that the economy is all better now.

Don’t believe it.

Regarding unemployment:

Amid disappointing unemployment numbers that fell 80,000 jobs short of projections, another number is raising eyebrows: the number of Americans not in the labor force has hit a record high 87,897,000.

This figure explains why overall unemployment dropped from 8.3% to 8.2%, as the Department of Labor’s unemployment figure does not include people who have given up hope and are not actively seeking employment.

That’s how they fudge the numbers to make unemployment look like less of a crisis.

Thanks largely to the Obama Regime’s hostility to employers, actual unemployment is 19.1%.

 

[4est_4est_Gump]

To every thing spend, spend, spend,
This is the reason, spend, spend, spend,
To every purpose under the sun...

President Obama’s landmark health-care initiative, long touted as a means to control costs, will actually add more than $340 billion to the nation’s budget woes over the next decade, according to a new study by a Republican member of the board that oversees Medicare financing.

The study is set to be released Tuesday by Charles Blahous, a conservative policy analyst whom Obama approved in 2010 as the GOP trustee for Medicare and Social Security. His analysis challenges the conventional wisdom that the health-care law, which calls for an expensive expansion of coverage for the uninsured beginning in 2014, will nonetheless reduce deficits by raising taxes and cutting payments to Medicare providers.

The 2010 law does generate both savings and revenue. But much of that money will flow into the Medicare hospitalization trust fund — and, under law, the money must be used to pay years of additional benefits to those who are already insured. That means those savings would not be available to pay for expanding coverage for the uninsured.

“Does the health-care act worsen the deficit? The answer, I think, is clearly that it does,” Blahous, a senior research fellow at George Mason University’s Mercatus Center, said in an interview. “If one asserts that this law extends the solvency of Medicare, then one is affirming that this law adds to the deficit. Because the expansion of the Medicare trust fund and the creation of the new subsidies together create more spending than existed under prior law.”

http://www.washingtonpost.com/busin...inds/2012/04/09/gIQAti1o6S_story.html?hpid=z1

A time to be born, (if you're lucky enough not to be aborted)
A time to die... (according to the iPAB schedule)

 

[4est_4est_Gump]

Number of Americans Not in Labor Force Hits Record High

Predictably, the “mainstream” media has been paving the path to Obama’s reelection by telling us that the economy is all better now.

Don’t believe it.

Regarding unemployment:

Amid disappointing unemployment numbers that fell 80,000 jobs short of projections, another number is raising eyebrows: the number of Americans not in the labor force has hit a record high 87,897,000.

This figure explains why overall unemployment dropped from 8.3% to 8.2%, as the Department of Labor’s unemployment figure does not include people who have given up hope and are not actively seeking employment.

That’s how they fudge the numbers to make unemployment look like less of a crisis.

Thanks largely to the Obama Regime’s hostility to employers, actual unemployment is 19.1%.

But they have unemployment and food stamps and will thusly grow the economy stupid!

 

[RobDownSouth]

Watching wingnut heads a-splode....

Cognitive dissonance can be a beautiful thing sometimes.

Take this story from the internet's most popular blog on the auto industry. Headline: "Treasury orders executive pay cuts at GM including CEO Akerson." Imagine for a moment you are the kind of doughy, inchoate pant-wetter who sits at a computer all day posting comments about Barack HUSSEIN Obummer on every news item you see. Your mind is being torn in so many directions here.

1. The government is telling a corporation what it can do. Socialism. BAD.
2. GM might fail. Obama gave GM money (note: forget the bailouts under Bush). GM fail = GOOD.
3. Your authoritarian-follower tendencies mean you worship the wealthy, so limiting compensation = BAD.
4. Limiting compensation means "the best talent will leave the company", proving that Barry Hussein does not understand business. GOOD.
5. GM got a lot of money from taxpayers. They need to pay it back before giving themselves raises! GRRR!

So GM should pay back the taxpayers, but rich executives need to be lavishly compensated, but Obama doesn't understand the free market, but GM needs to fail to prove that he was stupid to give them money, but…but...but...

LINK

 

[richard_daily]

That means that:

1). "Speculators" are anticipating a lack of demand and

2). People have been scared out of driving season and

3). The economy is not heating up and finally

a). After all the joy of the warmest March on record and the proof of Glow Ball Warning, April has cooled off rapidly, a lot like the accelerated economic activity of La Niña...

So, the price of gasoline going up, means the economy is doing better?

Make up your fucking mind cap'n hypocrite.

 

[richard_daily]

And what did the national debt grow under Reagan?

Also, what's the interest rate now vs. under Carter?

You have tunnel vision... and all you see at the end is lots and lots of butt holes.

As we've noted in the past, Obama is eclipsing Carter as the biggest economic dunce in American history:

Gas Prices Grow More Under Obama than Carter

By LAUREN FOX

"Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent. When Bill Clinton was president, gas prices grew by roughly 30 percent, and under both Bush presidencies, gas prices rose by 20 percent."

http://www.usnews.com/news/blogs/wa.../gas-prices-grow-more-under-obama-than-carter

 

[koalabear]

Stocks slump amid Spain worries

 

[Sean Renaud]

As we've noted in the past, Obama is eclipsing Carter as the biggest economic dunce in American history:

Gas Prices Grow More Under Obama than Carter

By LAUREN FOX

"Under the Carter administration, gas prices increased by 103.77 percent. Gas prices since Obama took office have risen by 103.79 percent. No other presidents in recent years have struggled as much with soaring oil prices. Under the Reagan administration, gas prices actually dropped 66 percent. When Bill Clinton was president, gas prices grew by roughly 30 percent, and under both Bush presidencies, gas prices rose by 20 percent."

http://www.usnews.com/news/blogs/wa.../gas-prices-grow-more-under-obama-than-carter

Are we really telling this lie?

 

[unregistered]