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

[Beco]

I love it when Beconeros invokes "fairness". Simply love it.

Thanks Slob

 

[Beco]

What other crimes of the parent would you like to punish children for?

It's not fair....i know a lot of people trying to become US citizens, I hear daily how hard it is to get into this country these days.

 

[unregistered]

 

[4est_4est_Gump]

No, the difference is you're willfully, maliciously taking me out of context as a substitute for making a rational argument. Meanwhile you ignore deep-seeded racism entrenched in your conservative allies here because you agree with their anti-Obama politics.

If you can take a liberal 100% out of context then you believe you no longer have to reflect upon conservative racism. It's all okay! Likewise there's no need to do a little soul-searching regarding conservative anti-women policies because Bill Maher said something in a stand-up act several years ago.

You're a partisan racist. We get that.

I've never mentioned Maher, and yet you troll me relentless in search of an enemy. You are one sick mother-fucker, to be sure, I pity your (possibly fictitious) patients.

Lately, you have been trolling me in thread after thread (in your OCD PARTISAN compulsion) with the term "collapse."



Collapses? Collapses?

You want to talk about collapses?

You want to talk about Dimon, Geithner, Paulson and Bernake?

You want to talk about Moody's, S&P, Zandi and economic models proving your points?

In the early 1990s we were warned about derivatives, Bill Clinton ran on regulating them, but on election, the lobbyists bought him off.

No one knew what derivatives were, no one could define so much as a tranche.

When Bear Sterns's "High-Grade Structured Credit Strategies Enhanced Leveraged Fund" began to blow up, the financial community rallied to keep it solvent.

According to the models developed by Moody's, S&P, and the banks, its debt was of no risk. Of course, it was so fucking risky that it had been moved off the books to defeat the limitations of the BASEL accord, and then after the risk was sold, the risk on the risk was sold and then, because the MOODY MODEL said the risk insurance was sound, people bought it. The models, especially in housing, were based on limited data, at best.

Then IKD sounded the alarm, and again, the finance community and governments rallied to it. The collapse was avoided. Then the Japanese began panicking. Then on August 9, 2007, the ECU began a series of low-cost loans to the banks to cover the shell companies losses as people began to "flee" the short-term paper markets, and then Countrywide began to implode (then CAIRN). The Fed acted to stop the collapse. Then Northern Rock. It was fixed. Then...

The fucking markets all collapsed and one of the architects, Paulson was in charge of preserving too big to fail, all of which got too fucking big to fail by circumventing Federal and International regulations.

So, when you see, almost daily, the world governments "fixing" the problems of the welfare states, keep in mind that you might hold up a domino or two, but when they begin falling, it happens rather quickly.

And all of our Golden Boys solving the problem now, were involved in it then...

 

[Beco]

We should toss them out?

Yup, with the bathwater

 

[phrodeau]

Damn straight.

How about the Saudis living in Texas?

 

[IrezumiKiss]

How about the Saudis living in Texas?

[vetteman voice on]

W-wait a little horpluxed minute now...let's not get too hasty there, my little benighted mountebank!

[/vetteman voice off]

 

[unregistered]

 

[IrezumiKiss]

Are they illegal? If so, boot there god damn asses out too.

I dunno about that, Vette. The Saudis got some deep pockets. Like illuminati type shit. Even your boy Bush and your general party don't fuck with those dudes.

I'm just sayin' Vette...watch your back, homeboy. You throw salt on the Sauds, I don't know you no more.

 

[unregistered]

 

[4est_4est_Gump]

It's just a tiny tax increase to 38.5%, they can afford it!

President Obama: The Biggest Government Spender In World History
Peter Ferrara, Forbes

Next year, under President Obama’s policies, the top tax rates of virtually every major federal tax are already scheduled to increase under current law. That is because the Obamacare tax increases are scheduled to go into effect, and the Bush tax cuts expire, which President Obama proposes refuses to renew for singles making over $200,000 a year, and couples making over $250,000. President Obama is now proposing on top of that the Buffett Rule, which would increase tax rates on capital gains and dividends even further. Counting that, next year the top tax rate for capital gains would increase by 100%, the top tax rate on corporate dividends would increase by 100%, the top two income tax rates would increase by nearly 20%, and the Medicare payroll tax again for singles making over $200,000 and couples making over $250,000 would increase by 62% (under Obamacare).

This is all on top of the corporate income tax rate, which counting state corporate rates is nearly 40%, the highest in the world now, except for the socialist one party state of Cameroon. Under the Buffett Rule, America’s capital gains tax rate would be the fourth highest in the industrialized world. Based on historical precedent, these tax rate increases are unlikely to raise anywhere near the revenue projected by CBO, meaning even higher future deficits and debt.

Under Ryan’s budget, even with CBO’s static scoring, the federal deficit in actual nominal dollars would be reduced to $182 billion by 2017, the fifth year of the budget. That compares to $1,327 billion, or $1.327 trillion, today. So in just 5 years, the deficit would be reduced by at least 86%. The deficit under Ryan’s budget would be less than 1% of GDP by 2017, at 0.9%, where it stabilizes for 6 years to the end of the 10 year budget window. Most importantly, given the sharp tax rate cuts in Ryan’s budget, with dynamic scoring the budget would probably be balanced by 2017. That is because in the real world the rate cuts will not lose nearly as much revenue as CBO scores.

Under President Obama’s budget, his own projections show the deficit never gets anywhere near balance. Indeed, the deficit never gets below or anywhere near the former all time record in 2008. By 2022, his own budget projects the deficit rising over the previous 5 years to $704 billion. But if Obama’s comprehensive tax rate increases throw the country back into recession next year, the deficits will soar much higher for several years, to new all time records.

Even under CBO’s horse and buggy static scoring, Ryan’s budget does serve to get federal debt under control and avoid any debt crisis, putting federal debt held by the public on a declining path from 77% of GDP in 2013 to 62% by 2022. That debt continues on a sharp decline from there, as the long term effects of Ryan’s structural entitlement reforms phase in. Debt held by the public is reduced to 53% of GDP by 2030, 38% by 2040, and 10% by 2050. That means the national debt is all but paid off by 2050, and would be soon thereafter. In fact, under dynamic scoring it probably would be paid off by then.

In stark contrast, on our current course, under President Obama’s budget policies, federal debt held by the public rockets to 140% of GDP by 2030, 220%by 2040, and 320% by 2050, on its way to over 700% by 2080. That would undoubtedly create a Grecian style sovereign debt crisis for America before that point.

http://www.forbes.com/sites/peterfe...-biggest-government-spender-in-world-history/

 

[4est_4est_Gump]

The president, in the course of blasting Romney and “his allies in Congress,” rhetorically linked Romney to congressional deficit-reduction proposals, which is fair enough, given that Romney has endorsed the Ryan budget plan. The president then added: “I have not seen a single independent analysis that says my opponent’s economic plan would actually reduce the deficit. Not one.” ...

Further, as for the Ryan plan that Romney has endorsed, it has been scored by no less an authority than the Congressional Budget Office, which concluded that the plan would indeed reduce the size of deficits over the next decade, modestly when compared with the fanciful “current baseline” scenario and more dramatically compared with the more realistic “alternative fiscal scenario.” The CBO’s most realistic projection is that the deficit in 2022 would be nearly four times as large without the Ryan plan as it would be under it (7.5 percent of GDP under the alternative fiscal scenario versus 2 percent under Ryan). And a key fact left unstated is this: Under none of the three competing CBO scenarios is the deficit in 2022 as large as it will be this year under President Obama’s watch, or near what it was under the unified Democratic government of Obama-Reid-Pelosi. When it comes to the deficit, the country would be better off doing nothing than suffering more of the same from President Obama and his Democratic allies.

While positioning himself as the scourge of Wall Street, the president reverentially cited a Moody’s report that Mr. Romney’s economic proposals would “do more harm in the short term.” With all due respect to our pinstriped friends, perhaps Mr. Obama would care to see what Moody’s outlook on mortgage derivatives was a few years back before presenting the firm’s projections as dispositive evidence of anything other than their rhetorical convenience.

Of course, the Romney plan includes deep spending cuts, and some of those will be difficult or unpopular, perhaps even impossible to pass through Congress. But the president’s lament was nonetheless overblown. He fretted that “10 million college students would lose an average of $1,000 each on financial aid.” Can we please make it $2,000? The stream of unaccountable federal money pouring into the higher-education establishment is a source of tuition inflation, not the cure for it. Likewise, the president bemoaned that Republicans might want to trim Head Start, a program of questionable merit. That is not the worst possible outcome. We’d also propose spending a little bit less money getting monkeys high on cocaine and chronicling the benefits of menopausal yoga, as the president’s stimulus program did. Call us Luddites.

The tragedy of Barack Obama’s logocentric presidency is that the best economic-policy speech in the history of economic speeches would not change the facts on the ground — sickly recovery, massive unemployment, onerous deficits — and he did not give the best speech. It is probable that the electorate’s judgment of President Obama vis-à-vis matters economic is by this point fixed, and that he has been found wanting. Old Clinton hands have been begging him to change his tune on the economy, but President Obama is not an easy man to move. James Carville won’t be able to do it, but perhaps Ohio, Florida, and Virginia can.

Editors, NRO

 

[mercury14]

It's not fair....i know a lot of people trying to become US citizens, I hear daily how hard it is to get into this country these days.

It doesn't provide any kind of fast track to citizenship, dope.

 

[mercury14]

You're a partisan racist.

No, when James makes a racist comment and I mock his ignorant bigotry with sarcastic hyperbole, that doesn't mean I'm suddenly a racist too, fuckwit. It's breathtaking how many levels of stupid you are.

And don't EVER bitch about me trolling you as long as you have that willfully context-manipulated quote of mine in your signature. As long as you have it up there you'd best plan on being relentlessly trolled every day on Lit. Your choice. Either way is fun for me

 

[mercury14]

It's just a tiny tax increase to 38.5%, they can afford it!

Correct. Especially since 0% of the wealthy will actually pay that rate.

 

[mercury14]

And don't EVER bitch about me trolling you as long as you have that willfully context-manipulated quote of mine in your signature. As long as you have it up there you'd best plan on being relentlessly trolled every day on Lit. Your choice. Either way is fun for me

(seems you took it out)

 

[4est_4est_Gump]

No, when James makes a racist comment and I mock his ignorant bigotry with sarcastic hyperbole, that doesn't mean I'm suddenly a racist too, fuckwit. It's breathtaking how many levels of stupid you are.

And don't EVER bitch about me trolling you as long as you have that willfully context-manipulated quote of mine in your signature. As long as you have it up there you'd best plan on being relentlessly trolled every day on Lit. Your choice. Either way is fun for me

It was never there.

You are probably insane...

Since you are signaling your adamant refusal to be reasonable, I will continue to reply in kind.

When you stop trolling me with out-of-context material, then I shall stop doing the same.

While you're at it, could you come up with a plan to cancel out America's nigger amnesty policy? And who gave Pocahontas and her drunk-ass tribe citizenship?

Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

 

[4est_4est_Gump]

(seems you took it out)

It was never in.

I haven't altered my sig more than once to add the play on Clockwork Orange since its inception.

If you don't like it being done to you, then stop doing it to me.

While you're at it, could you come up with a plan to cancel out America's nigger amnesty policy? And who gave Pocahontas and her drunk-ass tribe citizenship?

Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

 

[4est_4est_Gump]

When the Private Sector was doing fine due to the President's actual policies:

http://pjmedia.com/blog/the-private-sector-was-really-fine-under-reagan/?singlepage=true

 

[mercury14]

It was never there.

You are probably insane...

Since you are signaling your adamant refusal to be reasonable, I will continue to reply in kind.

When you stop trolling me with out-of-context material, then I shall stop doing the same.




Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

Oh, that wasn't your sig? Then you were just spamming? Why am I not surprised?

You're actually not trolling me with that alt stuff.

But yeah, you said global markets are collapsing in early May. Turns out it didn't happen. The thing is you're never wrong, even when you're wrong. It makes you look stubborn and unintelligent. And cowardly really.

Just man up and acknowledge when you're batting less than 1.000. Or less than .200. And no more of this pussy crap where you make "predictions" where you refuse to put a date on anything, letting them stand out there forever so that you never have to be accountable for what you say. You really need to man up.

 

[4est_4est_Gump]

That's it.

Ignore my posts...

While you're at it, could you come up with a plan to cancel out America's nigger amnesty policy? And who gave Pocahontas and her drunk-ass tribe citizenship?

Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

 

[mercury14]

That's it.

Ignore my posts...




Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

I didn't ignore your post. I disregarded it because it rambles on about something that happened two decades ago.

You said the markets were collapsing on May 6th. You didn't say that markets would collapse sometime in the future - you specifically said they were collapsing on that day.

You were wrong but you're not man enough to admit it. You never are.

 

[4est_4est_Gump]

They are still collapsing otherwise Europe would not be scrambling to shore them up exactly like the bust that began in 2005 and elected Obama in 2008.

And like Throb, it seems that racist words come easily to you.

Must be on your mind.

While you're at it, could you come up with a plan to cancel out America's nigger amnesty policy? And who gave Pocahontas and her drunk-ass tribe citizenship?

Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

You're going to see this every day, every time you post, that's a promise.

 

[4est_4est_Gump]

Crying about the shrinking public sector?

http://www.americanthinker.com/2012/06/shrinking_local_governments.html

While you're at it, could you come up with a plan to cancel out America's nigger amnesty policy? And who gave Pocahontas and her drunk-ass tribe citizenship?

Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

 

[mercury14]

They are still collapsing otherwise Europe would not be scrambling to shore them up exactly like the bust that began in 2005 and elected Obama in 2008.

And like Throb, it seems that racist words come easily to you.

Must be on your mind.

You said "Global markets are collapsing". Which global markets? Not the FTSE, DAX, or CAC 40. Just "markets" I guess?

Merc’s Day Alt:
http://forum.literotica.com/showthread.php?p=33735857&highlight=physician#post33735857
The lying
http://forum.literotica.com/showthread.php?t=800325

You're going to see this every day, every time you post, that's a promise.

Yeah I don't care what ad hominem attacks you make against me or anyone else. All you're doing is broadcasting your inability to debate logically. Keep it up.