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

[BotanyBoy]

No, a disaster would be those BLS reports where we lost over 600,000 jobs in a single month. And here you are swearing things aren't any better now that we have +84k jobs in a month.

84k jobs woopty fuckin doo...

Now take away all the min wage suck jobs that still get welfare and any government jobs...how many does that leave actually generating an income that they can spend money on outside of basic survival?? idk...but I bet it's a far cry from 84,000.

US dollar....still sucking, and while it's value quit falling like a rock, the market is looking pretty grim for the USD, actually looks like just a pause/correction on it's way to hell in a hand basket.

Yup...the rob peter to pay paul economy is a fuckin' boomin man!!

 

[4est_4est_Gump]

I said the report would be a disaster, it is.

He's had this big hang-up over vocabulary lately.

Just start pinging him on his definition of "growth..."

Or the date he predicts we'll go under 8% unemployment...



He never offers rational arguments anymore and on health care his thread was the white house memo talking points and he didn't even bother to do so much as change the order of the bullets...

 

[4est_4est_Gump]

Obama’s Goose Is Cooked
By Larry Kudlow, NRO
July 6, 2012

Obama needed a filet mignon in the June employment report. Instead he got a rubber chicken.

Only 80,000 new jobs were created last month, way below Wall Street expectations. It’s the fourth consecutive monthly disappointment. For a few months last winter, jobs were rising at an average of 225,000 a month. But that has sloped way down to only 75,000. The unemployment rate continues at 8.2 percent, which is the forty-first straight month above 8 percent. The U6 unemployment rate, which includes discouraged workers, is just under 15 percent.

As voters finalize their election impressions this summer, all of this is bad news for the Chicago incumbent.

At a campaign stop in Ohio on Friday, Obama actually said we’re still “heading in the right direction.” Is he kidding? As a stagnant GDP drops below 2 percent, employment falters, retail sales decline, and the ISM index for manufacturing drops below 50 (signaling contraction)? No objective observer can deny that the economy is headed in the wrong direction.

I don’t like playing the pessimist, but the numbers are the numbers. This is exactly what former Clinton advisers James Carville, Doug Schoen, and Stanley Greenberg have been warning Obama about. People just don’t believe the economy is getting better. So he’s gotta change his message.

But what change? Taxing rich people won’t create jobs. Neither will bashing Bain Capital. Obama is surrounded by leftist campaign advisers. And it’s hard to see them shifting gears to something constructive like making a summer deal to extend the Bush tax cuts for a year, or heaven forbid backing off the 20-some-odd tax hikes embodied in Obamacare.

[voice=mercury14] No Democrats are against CAPITALISM! It's a LIE!!!

We're WINNING!!![/voice]

In other words, Obama’s goose may already be cooked.

The Joint Economic Committee (JEC), spearheaded by Texas congressman Kevin Brady, put out a report saying that the Obama recovery now ranks dead last in modern times. That’s a real milestone in the post-WWII era. It’s ten out of ten for both jobs and economic growth. According to the Bureau of Economic Analysis, real GDP has expanded only 6.7 percent over the eleven-quarter recovery since the recession ended. The Reagan recovery at the same stage had increased by 17.6 percent. The Clinton recovery by 8.7 percent.

As for jobs, the Bureau of Labor Statistics reports that the number of private-sector jobs has grown by only 4.1 percent since the cyclical low point. Reagan’s record was 10.7 percent.

So much for Obamanomics. Didn’t work. Still isn’t working. As the JEC put it, spending stimulus, housing bailouts, auto bailouts, financial bailouts, cash for clunkers, cash for caulkers, and $5 trillion in deficit spending left the Obama recovery dead last in modern times.

Whatever happened to the great boom of the ’80s and ’90s, when the animal spirits were strong and the American economy wasn’t held hostage by Europe or China? In an odd twist, both Obama and his top economist Alan Krueger blame “problems built up over decades.” Does that mean they blame Clinton? Reagan?

For nearly 25 years — during those bad old decades — the economy increased 3.3 percent annually. Unemployment dropped from 11 percent to 6 percent to 5 percent to below 4 percent. Obama would swoon for numbers like that. But those statistics come from the era when big government was over, when pro-market forces stopped the expansion of Leviathan, and when marginal tax rates were slashed to grow the economy.

 

[RobDownSouth]

He's had this big hang-up over vocabulary lately.

Just start pinging him on his definition of "growth..."

Ah the exquisite irony of Dances With Falsehoods, a man who pissed his pants for 8 solid days because he wanted to redefine the definition of the word "excessive", talking about other peoples' purported "vocabulary hang-ups".


Derp.

 

[unregistered]

 

[JohnnySavage]

84k jobs woopty fuckin doo...

Now take away all the min wage suck jobs that still get welfare and any government jobs...how many does that leave actually generating an income that they can spend money on outside of basic survival?? idk...but I bet it's a far cry from 84,000.

US dollar....still sucking, and while it's value quit falling like a rock, the market is looking pretty grim for the USD, actually looks like just a pause/correction on it's way to hell in a hand basket.

Yup...the rob peter to pay paul economy is a fuckin' boomin man!!

How do you figure that? Our single biggest trading partner is the EU and the current exchange rate is $1.23 per Euro, down from $1.50 at the start of the year.

 

[BotanyBoy]

Then add the 80plus thousand who went on disability.

Oh yea.....they didn't get a job so they gave up and are no longer "unemployed" ...looks great on the political books "Look everybody I fixed unemployment! (in china and india shhhhhh) " lol.

How do you figure that? Our single biggest trading partner is the EU and the current exchange rate is $1.23 per Euro, down from $1.50 at the start of the year.

The USD is not falling anymore...that's Spain and Greece dragging the euro down.

The USD leveled off and is creeping up slightly but there isn't much momentum behind it. It's hard to tell if it's just a bandaid effect from the "stimulus" allowing us to breathe temporally or if we really are on a slow road to recovery or a bit of both idk.

That's why I think if we are not very careful with our economy it could shit the bed pretty easily. D.C. needs to quit screwing around with the 1.6+ trillion dollar save a hoe programs and 30% min wage increase ideas and start thinking critically about how to deal with our entire tax/spending vs. needs/wants issues or I have no doubt the fail train will be back with more of the same type of bullshit we saw in 08.

 

[Beco]

He pounded his pee pee into an angry little bump on the side of my ankle bone until I finally put is miniature ass on ignore.

Not only annoying, but really predictable. he's such a dope....

 

[bra_man69]

You think some opinion piece on the Fox News blog site is "the truth"? Is this truth anything like the prediction you made that yesterday's BLS report was going to unleash devastation?

It spoke of the devastation that your boy obama is doing he's a lot like you has ben is and always well be a failure.
Three and half years untold amount of money for what merc
higher taxes
Higher debt
Higher unemployment
Higher food prices
Take your hope and fucking change blow it out your ass.
We are in a hole so fucking deep what Japan ben going thru going to look like cakewalk.
Now add fucking obama care to ya buddy fuck it let's all party this ship called America fucked anyway

 

[BotanyBoy]

Now add fucking obama care to ya buddy fuck it let's all party this ship called America fucked anyway

That's what I'm saying man, let them crash this bitch and rip the band aid off. It will be easier than a slow 20 year long death of company after company leaving with all their jobs and money in an attempt to run from the tax man. Let the lefties at them, let them rob everyone for every fucking penny they have so we can get on with the shit.

UNION JOBS FOR EVERYONE!!! Because you have to in order to buy the 5,000 dollar loaf of bread.

 

[bra_man69]

That's what I'm saying man, let them crash this bitch and rip the band aid off. It will be easier than a slow 20 year long death of company after company leaving with all their jobs and money in an attempt to run from the tax man. Let the lefties at them, let them rob everyone for every fucking penny they have so we can get on with the shit.

UNION JOBS FOR EVERYONE!!! Because you have to in order to buy the 5,000 dollar loaf of bread.

We should let it crash find the true value of everything, is it going to be painful yep.
The sooner we do it less painful it's going to be.

 

[Sean Renaud]

Great. Frizzle and braman sittin in a tree. I think I'm gonna go pour another drink.

 

[unregistered]

 

[bra_man69]

Everything on FOX is a lie, right Merc?

Why everyone one knows you want the truth it's msnbc

 

[bra_man69]

Great. Frizzle and braman sittin in a tree. I think I'm gonna go pour another drink.

 

[unregistered]

 

[BotanyBoy]

MSN and FOX are both full of shit, politically spun up and controlled propaganda machines.

Go sit and watch people.....they would never lie

 

[BotanyBoy]

We should let it crash find the true value of everything, is it going to be painful yep.
The sooner we do it less painful it's going to be.

*nod*

Great. Frizzle and braman sittin in a tree. I think I'm gonna go pour another drink.

Hey I'm just playing along man, we all know the economy is a fuckin' boomin brother. It's not like we have billionaires and companies packing their shit and leaving or anything like that.....

 

[JAMESBJOHNSON]

Everything on FOX is a lie, right Merc?

I dont much about algebra, or what a slide rulers for, but I do know that one and one is two, and plenty of FOX people dont know their ass from a hole in the ground. I assume its cuz so many of them are lawyers, and every lawyer, everywhere, knows that his law degree qualifies him to do brain surgery, balance the federal budget, and turn lead into gold. All I know is, if they could make money at law they wouldnt be hooking at FOX, talking out their ass.

 

[mercury14]

He's had this big hang-up over vocabulary lately.

Just start pinging him on his definition of "growth..."

Or the date he predicts we'll go under 8% unemployment...



He never offers rational arguments anymore and on health care his thread was the white house memo talking points and he didn't even bother to do so much as change the order of the bullets...

Gonna try rescuing poor Vette with your boring old routine or deflection and straw men? That's fine. But it doesn't change the fact that his prediction was complete wrong.

 

[mercury14]

Everything on FOX is a lie, right Merc?

Nope never said that. Any other words you want to put in my mouth?

The fact is you get your economic news from conservative opinion pieces instead of you know, economic news outlets. So does AJ. So does Bra. Then you wander around Lit a grumpy mess, wondering how your predictions could have been so wrong. And the saddest part is that none of this will deter you from substituting conservative blogs for actual news in the future. You don't learn and your thought process doesn't improve. Every day is like the movie Groundhog Day for you three.

 

[fair_warning]

.... You don't learn and your thought process doesn't improve. Every day is like the movie Groundhog Day for you three.

I have commented on this...the same old, same old. Flatly refusing to acknowledge or process new information on some issues because they made their minds years ago....
Joubert was on the nail when he said “Those who never retract their opinions love themselves more than they love truth.”

 

[4est_4est_Gump]

I have commented on this...the same old, same old. Flatly refusing to acknowledge or process new information on some issues because they made their minds years ago....
Joubert was on the nail when he said “Those who never retract their opinions love themselves more than they love truth.”

Does that also not apply to the two or three guys who keep insisting that the economy is doing fine?

The guys for who every uptick, however slight, are over-joyed by the miracle of Obamanomics, an offshoot of Keynesian spending, a branch of the Fascist philosophy and a plundering so bold as to make the Pirates of Somalia blush in amateurish shame?

 

[BotanyBoy]

Does that also not apply to the two or three guys who keep insisting that the economy is doing fine?

The guys for who every uptick, however slight, are over-joyed by the miracle of Obamanomics, an offshoot of Keynesian spending, a branch of the Fascist philosophy and a plundering so bold as to make the Pirates of Somalia blush in amateurish shame?

That's the american standard though....steal 10,000 bucks from a bank you go to prison for many many years. Steal millions and billions from thousands of families? Hero....

Congress critters, mega corp CEO/CFO's, the federal reserve etc etc..they aren't the first and they wont be the last.

 

[4est_4est_Gump]

That's the american standard though....steal 10,000 bucks from a bank you go to prison for many many years. Steal millions and billions from thousands of families? Hero....

Congress critters, mega corp CEO/CFO's, the federal reserve etc etc..they aren't the first and they wont be the last.

The few, the proud, the noble...

"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."
Frédéric Bastiat