RobDownSouth
No Kings
- Joined
- Apr 13, 2002
- Posts
- 77,656
Busybody, had you attended an accredited yeshiva, you might have learned the difference between an "economic expansion" and a "recession" in Economics 101.
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Common merc, where did you go buddy?
Because I wouldn't want you to miss this, I'll post it again.
Just a question, do you ever actually argue any point's or are you just one of those trolls that will ONLY dissect and criticize semantics, logic and dance around the actual message others are trying to communicate without ever really saying anything of any value?
I mean if you are trying to be a troll then kudos....people who study communications, logic and philosophy are truly the elite trolls of the world, but they are still trolls.
So what is it?
A) Are you a partisan hack claiming the economy is booming due to the savior Obama and his magical economic prowess?
B) Are you like most people who have their heads out of their ass and that think we only stopped the tail spin, and despite a SLIGHT improvement the economy is pretty stagnant and not really going anywhere at the moment?
C) are you a righty hack who thinks the sky is falling and the only way to fix it is to put anything with an R in front of it's name in office?
D) are you just formally educated in the ways of the troll and use lit to keep the skills sharp?
Just pick a letter that best applies to you....and feel free to convey or explain any of your stances on the current economic situation here in the good ol' US of A.
I didn't reply right away because I wasn't online. Looks like you've all been pining away for my attention while I was gone though.![]()
Blah blah blah blahhhhh irrelivant fuck wad bull shit (sorry but a 700,000 job per month swing and 5% GDP swing cannot be called slight).
Blah blah blah blah
I don't even have a position.
I think that's much wiser than getting my news from political propaganda. Analysts say there's been a recovery, though it's become a tepid one in the past few months. So I go with that.
I've posted this position multiple times blah blah blah
Seriously merc. Botany Boy exists because we all did the right thing and ignored Frizzle Fry. Just do it again, he's not even smart enough to pretend he's not an alt. If he respected us enough to at least deny that he is who he is and try to disguise himself it'd be one thing but he's not.
Busybody, had you attended an accredited yeshiva, you might have learned the difference between an "economic expansion" and a "recession" in Economics 101.
DEFLECT quick! Whatever you do, don't take responsibility for your failed predictions - EVER! Don't even acknowledge they exist!
http://www.umanitoba.ca/outreach/cm/vol12/no2/deflection.jpg
He knows a lot about those dime sacks being an admitted drug dealer himself.![]()
It wasn't a failed any thing you dumb fuck.
The numbers where bad but wait few weeks when they go back and redo them like always be worse and again the unemployment numbers only count for people looking and on the draw for unemployment not the one's who gave up and dropped out.
So your prediction wasn't really wrong because the BLS is going to go back and change their numbers to prove you right?![]()
Seriously merc. Botany Boy exists because we all did the right thing and ignored Frizzle Fry. Just do it again, he's not even smart enough to pretend he's not an alt. If he respected us enough to at least deny that he is who he is and try to disguise himself it'd be one thing but he's not.
Unemployment during the Depression was more than twice as high as it is now. So of course, it makes perfect sense to draw a comparison to the past few years.
Spanish bond yields at 7.06%. The canary in the mine is singing.
Some pages back, I spent some time outlining the efforts made by these very same players to stave off the bubble created by housing derivatives...
http://globaleconomicanalysis.blogspot.com/With every data point, I become more convinced the Global Recession is Upon Us.
Here is another data point to add to the list. Bloomberg reports Japan’s Current-Account Surplus Shrinks 63% As Machine Orders Drop.
Japan’s current-account surplus was the smallest in May since at least 1985 and machinery orders fell the most in more than five years, adding to signs a slump in demand is threatening the nation’s rebound.
The excess in the widest measure of the nation’s trade shrank 63 percent from a year earlier to 215.1 billion yen ($2.7 billion), the Ministry of Finance said in Tokyo today.
Machinery orders, an indicator of capital spending, fell 14.8 percent in May from the previous month, the Cabinet Office said, the biggest drop since comparable data were made available in 2005.
http://pjmedia.com/victordavishanson/tuning-out-a-president/?singlepage=truePerhaps it was the media barrage. Perhaps it was the relief of the incredible three-week Iraq victory followed by the furor over the carnage of a botched occupation. Perhaps it was the visceral hatred on the Left of a Texan evangelical Christian. Perhaps it was the estrangement of the right-wing base, angered over the deficits, big-ticket entitlements like the prescription drug benefit, or No Child Left Behind. Perhaps it was the strategic blunder of hyping weapons of mass destruction rather than sticking to the 23 congressionally passed writs authorizing the use of force to remove Saddam. Perhaps it was weariness from the 24/7 assault on the Bush-Cheney security protocols, a paradox in which the more such measures succeeded in reducing the chance of another 9/11 attack, the more an increasingly complacent public bought the Barack Obama/Michael Moore line that renditions, Guantanamo, wiretaps, intercepts, Predators, and preventative detention were superfluous anti-constitutional excesses all along and the ensuing post-9/11 calm was more a natural development than the result of the new Bush vigilance.
One could not convince the American people, say in 2007, that deficits were heading downward and a balanced budget was scheduled on the horizon, much less that 5.5% unemployment or 3% GDP growth was not that bad. And when the September 2008 meltdown came, no one wished to examine the policies of Freddie Mac and Fannie Mae that allowed the utterly unqualified to receive government-guaranteed subprime mortgages. Few cared about the machinations of a Maxine Waters or Barney Frank, or wished to concede that government corruption, hand-in-glove with Wall Street buccaneering, had led to the housing explosion. It all happened on Bush’s watch, the public had concluded, and it was the fiscal bookend to Iraq and Katrina. All the good economic news of the first seven and a half years mattered nothing. Massive help to stop AIDS in Africa was of no consequence. Quiet in Iraq in 2008 was too little, too late. Again, no matter what one wrote to offer context, it mattered nothing. Fairly or not, the public had just tuned the president out — in the manner it had tuned out Jerry (cf. WIN buttons) Ford in 1976, Jimmy (cf. the waterborne rabbit assault) Carter in late 1980, and George (cf. “read my lips”) H.W. Bush in 1992. Some presidents recover from a tuned out public — Reagan did after Iran Contra, Clinton did in a way after Monica — but most don’t, especially if they are conservatives and not adept rhetoricians.
Imagine…
Imagine if Barack Obama said the following: “I promise by the end of my second term that I will close Guantanamo Bay, end renditions and preventative detentions, cut the deficit in half, that my second stimulus program will put the unemployment rate below 6% within three years, that I will create 5 million new green jobs, that my health care plan will lower premiums, that I will ostracize lobbyists, end the revolving door, and earmarks, that I will participate in public financing of the 2012 campaign, and that I won’t raise any tax whatsoever on those earning less than $250,000.”
Would any believe him?
So Barack Obama is likewise being tuned out. “Let me be perfectly clear,” “Make no mistake about it,” “In truth,” “In point of fact,” “I’m not kidding,” and “I’m not making this up” all tip off a weary public that just the opposite is true. We are so confused over Guantanamo, Predators, and renditions — being told everything from them being unconstitutional to vital — that we likewise just shrug at the absurdity of an Obama and Harold Koh embracing all the protocols that they once has so vehemently demonized. Were they then, now, or always just simpletons, naïfs, hypocrites, or abject careerists?
The Dog Ate My Economic Plan?
After nearly four years, no one, either supporter or skeptic, assumes the president to be either consistent or sincere. He expects us to believe that his economic problems date back to the Reagan and Clinton administrations, when employment and growth were far more impressive than they are now. He thinks neo-socialism is the cure for the “failures” of the past — a past that also apparently explains why he inherited the reins of the most powerful and richest country in the world. His fables about Bush did it, the tsunami did it, the EU did it, ATMs did it, etc., have as much factual basis as his own memoir. When Obama swears he was outspent in his earlier campaigns, I no more believe that than the details of his literary biography. Examine almost any current topic, and the president simply does not tell the truth about it, or contradicts what he earlier had asserted — or we are left with some contorted postmodern narrative. The concocted story about Rev. Wright (Obama was married in Trinity, baptized his children there, bragged about perfect attendance for 20 years, stole Wright’s sloganeering for the title of his second book while serially claiming he scarcely knew what Wright was saying all those years — in the manner he hardly knew either Bill Ayers or Tony Rezko) is sort of the model for all of Obama’s explanations: a current narrative becomes “true” if it is in service to a progressive cause. The result is that Obama has left us with a postmodern mess on about every current issue, about which what he has said and done never add up.