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

[mercury14]

The Fate of 1/6th of the economy. Ring a bell?

How come you couldn't answer when asked to show your math about this 1/6 of the economy crap? Were you just lying about it?

 

[Beco]

http://www.bloomberg.com/news/2012-...increase-to-380-000-higher-than-forecast.html

More Americans than forecast filed applications for jobless benefits last week, reinforcing concern among Federal Reserve policy makers that the labor-market recovery will be slow to develop.

Unemployment claims increased 13,000 in the week ended April 7 to 380,000, the highest since Jan. 28, the Labor Department reported today in Washington. The median forecast in a Bloomberg News survey called for 355,000 claims. Other reports showed consumer confidence held near a four-year high and the trade gap narrowed more than projected.

The claims data, coming on the heels of last week’s weaker- than-forecast payroll number, raise the possibility that the job gains that drove unemployment down to a three-year low last month will moderate. Fed Vice Chairman Janet Yellen and Fed Bank of New York President William C. Dudley said over the past 24 hours that they support keeping the central bank’s main interest rate low through late 2014 to help reduce joblessness.

“There’s a modest recovery in the labor market, but still a ways to go,” said Michael Hanson, a senior U.S. economist at Bank of America Corp. in New York.

“There’s a number of tailwinds for the labor market that are fading a bit,” he said. “And there are a number of headwinds that are still out there,” including the European debt crisis and possible U.S. government budget cuts early next year.

Stocks rose, sending the Standard & Poor’s 500 Index higher for a second day, as the possibility that the Fed will keep interest rates low overshadowed the increase in claims. The S&P 500 climbed 1.4 percent to 1,387.57 at the 4 p.m. close in New York.

Trade Gap Shrinks

Another report today showed the trade deficit in the U.S. narrowed more than forecast in February as imports fell by the most in three years, reflecting the smallest amount of crude oil purchases in 15 years and a drop-off in demand for Chinese goods.

The gap shrank 12 percent to $46 billion, the smallest since October, from a revised $52.5 billion in January, the Commerce Department said. The median estimate of 73 economists surveyed by Bloomberg called for a deficit of $51.8 billion in February. Purchases of foreign goods decreased by 2.7 percent, the biggest decline since February 2009. Exports barely rose to reach a record.

 

[unregistered]

 

[Sean Renaud]

Let's wait until you're sober and lucid.

Sadly I am. My complaint is much more valid than yours here. The article basically says everybody has to re-applie and since the market reacts to what's being said in your reports you have to use our computers without whatever whatsits you might have. Like I said I get groped so I can do business in other states. Thats to me a much larger problem than reporters crying they can't use their laptops in an government building anymore.

 

[Dribble]

Company after company posted better than expected earnings today...funny how something like what is happening in China or Spain can offset the obvious. Yet, who will the Republicans blame? Bets anyone?

 

[koalabear]

Market's worst week of 2012

12,849.59 Down -136.99 -1.05%


http://data.moneycentral.msn.com/scripts/chrtsrv.dll?Symbol=$us:INDU&width=300&height=200&E1=0&D4=1&Legend=0&AF=2&Banner=5&palette=2&C1=3&E8=1

 

[Sean Renaud]

I see you finally took my advice and didn't open your mouth until things were over and done with. Next we're gonna work on getting you house broken. Come to think of it I would have been wise to have done that first.

 

[koalabear]

Stocks run out of luck

I see you finally took my advice and didn't open your mouth until things were over and done with. Next we're gonna work on getting you house broken. Come to think of it I would have been wise to have done that first.

Sure dribble.

 

[unregistered]

 

[mercury14]

We need an Obama Rule called "Shut The Fuck Up:"


Apr 13, 2012 3:00pm
President Obama’s Secretary Paid Higher Tax Rate Than He Did

President Obama today released his 2011 federal income tax, with he and his wife reporting an adjusted gross income of $789,674. The Obamas paid $162,074 in total tax – an effective federal income tax rate of 20.5%. The Obamas also reported donating approximately 22% of their income to charity — $172,130.
President Obama has been making a big political push for the “Buffett Rule,” which would require millionaires to pay a minimum of 30% of their income in taxes. To illustrate the point, the president has pointed out that billionaire investor Warren Buffett pays a lower tax rate than does his secretary.
President Obama’s secretary, Anita Decker Breckenridge, makes $95,000 a year. White House spokeswoman Amy Brundage tells ABC News that Breckenridge “pays a slightly higher rate this year on her substantially lower income, which is exactly why we need to reform our tax code and ask the wealthiest to pay their fair share. ”
It should be noted that president would not be impacted by the Buffett Rule, though he would see his taxes go up if the so-called Bush tax cuts on higher income wage-earners were allowed to expire, as the president says he wants.

http://abcnews.go.com/blogs/politic...s-secretary-paid-higher-tax-rate-than-he-did/

You you think rich people should pay a lower rate than middle class?

 

[Sean Renaud]

This would be relevant had Obama not tried to raise taxes on himself in 2010.

 

[unregistered]

 

[unregistered]

 

[eyer]

How come you couldn't answer when asked to show your math about this 1/6 of the economy crap? Were you just lying about it?

Same weasel putz proclaims:

...the president doesn't have to submit a budget and historically it's not done.

http://forum.literotica.com/showpost.php?p=40494637&postcount=16

 

[Sean Renaud]

It's relevant but you have to be sharp enough to figure it out.

You could always attempt to explain it to me old timer. I don't see how you can get mad at someone paying lower taxes than someone else when they are screaming please raise my taxes and while he blinked he did play chicken with the Republicans on it in 2010. Sure he could as I suppose you're going to suggest, write a check. Well firstly if he did that it still wouldn't be taxes and your song and dance routine wouldn't change.

 

[unregistered]

 

[Sean Renaud]

There's that perception again. Who's pissed? The point was Obama's hypocrisy.

I'm not pissed. I think the rules are screwy but I'm not upset. I just want to change the rules to something more productive.

There is no Obama hypocricasy. He tried to unfuck this.

 

[Dribble]

I find it quite humorous that those that complain most about raising the high-end tax rate wouldn't end up paying one penny more. Why is that? Oh yea...hypocrisy.

 

[unregistered]

 

[mercury14]

What does this mean? That you agree with Obama but you can't bring yourself to type it?

 

[mercury14]

Same weasel putz proclaims:

Stop taking me out of context, liar.

 

[Dribble]

You suggested I was pissed.

drinking again old man?

 

[4est_4est_Gump]

Stocks run out of luck

Stocks drop another 137.

I posited some months back that with the war on energy that the mere hint of any recovery, which we had, would result in a run-up of oil prices that would halt the recovery in its tracks keeping us mired in our Lost Decade.

 

[4est_4est_Gump]

I find it quite humorous that those that complain most about raising the high-end tax rate wouldn't end up paying one penny more. Why is that? Oh yea...hypocrisy.

It's even more humorous to see Buffet doing everything he can to avoid the payment of taxes.




And actually we complain because we like growth and the opportunity to take our place in that tax bracket over the course of time, but as DeTocqueville presaged, at a certain point, the wealthy (and the intellectual class as per Hoffer The Ordeal of Change) will band together to form an oligarchy designed to prevent the upward mobility of the middle-class. As per Anatomy of Revolution it is then this sense that upward mobility is denied that causes the middle class to revolt as it did in America and France, the difference being that former was founded on Liberal (now Libertarian as the Statists co-opted the label, Liberal) ideals, while the latter was founded upon the concept of "fairness." I probably don;t have to remind anyone here that the "Fairness" Revolution ended in a bloodbath of purging...

 

[4est_4est_Gump]

How come you couldn't answer when asked to show your math about this 1/6 of the economy crap? Were you just lying about it?

I'm not going to answer the charge of lying from a known liar who is proud of his abilities to do so...



17% (almost 1/5) in 2010
http://www.upi.com/Top_News/US/2010...ing-17-percent-of-economy/UPI-26041265295497/

Obama

We are here

We are heading here:

http://www.huffingtonpost.com/2011/07/28/health-care-costs-economy-us_n_911917.html