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

[mercury14]

You asked me what policies hurt, naming three examples, and I addressed the stimulus and others that you did not mention. You bitched that I did not address payroll or unemployment so I did. At no point did my position on stimulus change. At this point you are avoiding my questions.

You said that Obama's economic policies hurt the economy. Then you said the stimulus wasn't worth it but left the door open for acknowledging that it helped.

Personally, I realize I do not have the resources or qualification to make macroeconomic assessments of $780 billion dollar programs. So I look at the assessments that come out of JP Morgan Chase, Moody's, Macroeconomic Advisors, as well as those from the CBO and Fed. They all say the same thing so that carries a lot of weight with me. How do you go about doing this?

As far as your question about the stimulus goes, sure I acknowledge some inefficiencies. Of course that's going to be the case in any large program, public or private.


(btw, you don't have BB on iggy?)

 

[busybody..]

(btw, you don't have BB on iggy?)

neither do you, NIGGERPOONZANDI

 

[unregistered]

 

[mercury14]

Did those companies take government money? Just askin'.

Some did, some didn't. And none got free money, only loans they paid back with interest. The ones that did came to the same conclusions as those that didn't.

Besides, that's quite the enormous corruption charge you're making. Without having any proof.

 

[unregistered]

 

[The_Trouvere]

Anyone with half a brain knows Obama's policies are INSANE and repugnant to the American way.

Those who beat their chests and roar about how patriotic they are seem to hate Americans who disagree with them. How can one love the United States, while hating such a large percentage of the population?

 

[eyer]

Gloom builds for euro zone, United States
By Jonathan Spicer and Andy Bruce

NEW YORK/LONDON | Fri May 4, 2012 4:56pm EDT

(Reuters) - The euro zone economy worsened markedly last month and U.S. employers cut back on hiring, according to two reports on Friday that dampened hopes for gradual recovery on either side of the Atlantic.

http://www.reuters.com/article/2012/05/04/us-global-economy-idUSBRE8431LP20120504

People Not In Labor Force Soar By 522,000, Labor Force Participation Rate Lowest Since 1981

http://www.zerohedge.com/news/peopl...00-labor-force-participation-rate-lowest-1981

Labor Force Shrinks As Jobless Swell Disability Ranks

http://www.investors.com/image/WEBdis050712_02_345.gif.cms

http://news.investors.com/article/610306/201205040931/labor-force-shrinks-as-disability-grows.htm

.....

 

[mercury14]

Anyone with half a brain knows Obama's policies are INSANE and repugnant to the American way.

You mean in your opinion.

 

[mercury14]

.....

Yes, labor force participation rates have decreased from 65.7% to 63.6%. Oh the horror!

Mean while you consciously ignore the fact that the population is aging and the increase here corresponds directly to the baby boomer generation retiring.

I guess it's Obama's fault that elderly retirees aren't seeking work?

 

[KingOrfeo]

I guess it's Obama's fault that elderly retirees aren't seeking work?

You see?! A POTUS with the guts to gut Social Security and Medicare could fix that!

 

[unregistered]

 

[mercury14]

Name one piece of Republican legislation, passed since 2007, that one could possibly blame any part of the present economic fiasco on. Own it, Democrats.

The Great Recession has its roots far before 2007. The housing bubble burst in 2007, so why are you only asking for policies SINCE then? The bubble burst immediately following half a dozen years of Republican government and somehow you want to blame the Democrats for it? Gimme fucking break, Vette...

So I'll give you The American Dream Downpayment Assistance act of 2003. The all-Republican Government took Clinton-era housing policies and expanded them greatly. This Republican legislation was a key part of Bush's "Ownership Society". It let people with low incomes and no cash saved for a down payment (or even closing costs) get into homes that they really couldn't afford - and definitely not afford in a rough economy.

So when the Great Recession hit and we were losing -600,000 jobs per month these people foreclosed in droves, crushing the economy and making a bad situation into a horrific one.

How about that? Is that good for starters?

I have more.

 

[Ulaven_Demorte]

The Great Recession has its roots far before 2007. The housing bubble burst in 2007, so why are you only asking for policies SINCE then? The bubble burst immediately following half a dozen years of Republican government and somehow you want to blame the Democrats for it? Gimme fucking break, Vette...

So I'll give you The American Dream Downpayment Assistance act of 2003. The all-Republican Government took Clinton-era housing policies and expanded them greatly. This Republican legislation was a key part of Bush's "Ownership Society". It let people with low incomes and no cash saved for a down payment (or even closing costs) get into homes that they really couldn't afford - and definitely not afford in a rough economy.

So when the Great Recession hit and we were losing -600,000 jobs per month these people foreclosed in droves, crushing the economy and making a bad situation into a horrific one.

How about that? Is that good for starters?

I have more.

RINOs! They were all RINOs!

 

[Beco]

Our great econony is humming along...........jobs down, GM slowing, confidence down, economy is slowing...........good news to be had by all!

 

[GovernmentIsTheEnemy]

Capitalism is the solution. Government is the enemy. Outside of the military, how can a person work for Government? These people clearly are mentally unstable and damaged and by submitting to working for the government have shown that he or she is unfit to lead his or her own life AND MUST BE TOLD HOW TO LIVE.

 

[mercury14]

Outside of the military, how can a person work for Government? These people clearly are mentally unstable and damaged and by submitting to working for the government have shown that he or she is unfit to lead his or her own life AND MUST BE TOLD HOW TO LIVE.

The government should just run itself or should be run by robots.

 

[RobDownSouth]

http://www.bls.gov/home.htm

That's the website's main page. Where specifically did you find your numbers? I'm genuinely curious.

 

[mercury14]

Our great econony is humming along...........jobs down, GM slowing, confidence down, economy is slowing...........good news to be had by all!

Ah I love a little conservative goal post shifting in the morning!

- At first the line was that the GM bailout wouldn't work.

- Then when they made $3 billion in a quarter way before anyone thought they'd be profitable, conservatives said "well it's just a gimmick. They're cooking their books."

- Following that, GM turned in a quarter of $7.6 billion in profit and conservatives squirmed and shifted the goal post deeper into stupidity. Their line was that those multi-billion dollar profits, well they just don't matter!

- Now GM makes a billion in profit this past quarter and we get "OMG SEE! GM is having trouble!"

 

[richard_daily]

Name one piece of Republican legislation, passed since 2007, that one could possibly blame any part of the present economic fiasco on. Own it, Democrats.

The republicans would have to have done something with their power... Instead, they've sat on their laurels, and hoped that things got worse, so that they could return to their "more of W" policies of the early 2000s.

 

[The_Trouvere]

Anyone with half a brain knows Obama's policies are INSANE and repugnant to the American way.

Hey Combat, what gives you the right to decide what is "the American way," and what is not?

Oh I forgot. You fought for our freedom in Vietnam.

That's a joke, get it? My freedom did not get any less when you lost.

http://www.youtube.com/watch?v=veMwTqvsozA

http://www.youtube.com/watch?v=9HVACPv_KFw&feature=player_embedded

 

[RobDownSouth]

Ah I love a little conservative goal post shifting in the morning!

- At first the line was that the GM bailout wouldn't work.

- Then when they made $3 billion in a quarter way before anyone thought they'd be profitable, conservatives said "well it's just a gimmick. They're cooking their books."

- Following that, GM turned in a quarter of $7.6 billion in profit and conservatives squirmed and shifted the goal post deeper into stupidity. Their line was that those multi-billion dollar profits, well they just don't matter!

- Now GM makes a billion in profit this past quarter and we get "OMG SEE! GM is having trouble!"

Not to mention Beco's smug "jobs down" remark....ole Beconeros' recent revisionism is beginnin' to rival that of AJ's.

 

[Beco]

Hey Slob, I dont make this stuff up....

"In the weakest recovery since the Great Depression, more than four-fifths of the reduction in unemployment has been accomplished by a dropping adult labor force participation rate — essentially persuading adults they don't need a job, or the job they could find is not worth having," said University of Maryland economist Peter Morici.

Wall Street economists had been expecting the Bureau of Labor Statistics report to show 170,000 new jobs created and the unemployment rate holding steady at 8.2 percent.

The unemployment rate, which estimates the total percentage of jobless Americans but does not count those not actively looking for work, was last this low in January 2009, when President Obama took office. Total job creation, though, remains narrowly negative for the president and likely will be a contentious issue as Obama seeks a second term.

- Also, I might add, gas prices were a little bit, just a little bit lower when O'bama took office......my, how well we're doing these days!

 

[richard_daily]

Did those companies take government money? Just askin'.

You take government money.

 

[cheesehead2]

Hey Combat, what gives you the right to decide what is "the American way," and what is not?

Oh I forgot. You fought for our freedom in Vietnam.

That's a joke, get it? My freedom did not get any less when you lost.

http://www.youtube.com/watch?v=veMwTqvsozA

http://www.youtube.com/watch?v=9HVACPv_KFw&feature=player_embedded

God your a fucking idiot

 

[richard_daily]

God your a fucking idiot

Quoted for hilarity.