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

[Beco]

The irony here is, for Sean's amusement, is that two years ago I said that our economy was going to stay stagnant for as long as Obama was in office, and guess what?

What I said is so much closer to the truth than anything his administration has promised us...

It looks like it might get worse....

 

[Balcor44]

.....

 

[phrodeau]

The irony here is, for Sean's amusement, is that two years ago I said that our economy was going to stay stagnant for as long as Obama was in office, and guess what?

What I said is so much closer to the truth than anything his administration has promised us...

Which alt was that, newbie?

 

[RobDownSouth]

The irony here is, for Sean's amusement, is that two years ago I said that our economy was going to stay stagnant for as long as Obama was in office, and guess what?

What I said is so much closer to the truth than anything his administration has promised us...

Yes, Chief, you did say that.

...and you were right!!

BUT!

You also predicted two years ago:

• Hyperinflation
• Continuing Recession
• Another Global Depression
• Currency collapse
• Dow 7,999
• $6 per gallon gas
• etc etc etc

OVERALL, your prognostication skillz aren't so good, Nostradumbass.

 

[Beco]

Yes, Chief, you did say that.

...and you were right!!

BUT!

You also predicted two years ago:

• Hyperinflation
• Continuing Recession
• Another Global Depression
• Currency collapse
• Dow 7,999
• $6 per gallon gas
• etc etc etc

OVERALL, your prognostication skillz aren't so good, Nostradumbass.

Can't get them all. But gas has quietly creeped up to over $4.00 in my area...

 

[Disgustipated]

Can't get them all. But gas has quietly creeped up to over $4.00 in my area...

Did you really just post about gas being two dollars lower a gallon than AJ predicted as a bad thing when it was over $4 a gallon four years ago? You are one of the many dumb - dumbs who should never post in this thread.

 

[4est_4est_Gump]

It looks like it might get worse....

You mean *gasp*

a double-dip recession?​

 

[4est_4est_Gump]

Can't get them all. But gas has quietly creeped up to over $4.00 in my area...

He's lying. Otherwise he would quote me.

He's like merc; because I post a "Doom and Gloom" piece, just to show that they are still out there, then, of course, I have to believe it and support it 100%.

We're bantering with partisan morons.

 

[4est_4est_Gump]

...

Midwestern culture values community and “nice,” and the ongoing events in Wisconsin strained the social fabric. Californian residents, typically oblivious to events east of the Sierra Nevada Mountains, owe a debt of gratitude to the folks in Packer country. Had Wisconsin voters replaced their governor and other Republican officials, the message would have been heard nationwide: Pension reform, and efforts to rein in the public-sector union power at the root of the problem, would be dead for years.

Instead, Walker is becoming a national GOP figure. Another budget reformer from Wisconsin, U.S. Rep. Paul Ryan, is on the GOP presidential ticket. And Republican National Committee Chairman Reince Priebus, from Kenosha, will no doubt tout the Wisconsin reforms as Republicans gather in Tampa for their national convention.

Wisconsin’s Progressive political tradition rivals California’s, which only highlights the disparity between the two states as California’s leaders refuse to even acknowledge fiscal reality, let alone confront it in a serious way. Walker and his reforms were sparked by a $3.6 billion budget deficit, which is a rounding error in California budget terms. But his understanding of the core issue—the abuses perpetrated by the privileges and greed of public sector unions—may have stemmed as his stint as county executive in Democratic Milwaukee County, where he had to clean up an ugly pension scandal where government workers were granting themselves outrageous bonuses.

http://reason.com/archives/2012/08/24/california-still-refuses-to-face-fiscal

DC, California and our "friends" here all suffer from the same delusion; the economy is going to pick back up, all of these "deficit" issues will go away and we will be right, like we were on stimulus and 4% GDP growth...,



... 5% unemployment, and the miracle multipliers of government wages and benefits.

 

[RobDownSouth]

He's lying. Otherwise he would quote me.

He's like merc; because I post a "Doom and Gloom" piece, just to show that they are still out there, then, of course, I have to believe it and support it 100%.

We're bantering with partisan morons.

LOL...we know, AJ....You just POST other people's words...you don't actually BELIEVE them.

You're a "big picture" guy, who has devoted his pathetic life to denyin' anything positive to "Negar Presidents".

 

[mercury14]

He's like merc; because I post a "Doom and Gloom" piece, just to show that they are still out there, then, of course, I have to believe it and support it 100%.

What's all this cowardly crap lately about you not putting stock in your C&Ps?

Weak.

 

[mercury14]

He's lying. Otherwise he would quote me.

Which one of those things do you not think is true or going to be true then?

 

[busybody..]

Tee Hee

Seamus, the cowardly lyin, caliing someone a coward

Mega tee hee



Loser

 

[4est_4est_Gump]

Tee Hee

Seamus, the cowardly lyin, caliing someone a coward

Mega tee hee



Loser

*chuckle*

Maybe he can explain the rising price of gas...

U.S. drivers paid an average of $3.72 per gallon on Monday. That's the highest price ever on this date, according to auto club AAA, a shade above the $3.717 average on Aug. 20, 2008. A year ago, the average was $3.578.

More daily records are likely over the next few weeks. The national average could increase to $3.75 per gallon by Labor Day, said Tom Kloza, chief oil analyst at Oil Price Information Service. By comparison, gas prices stayed below $3.70 in late August and early September in both 2008 and 2011.

http://www.cbsnews.com/8301-505123_162-57496657/price-of-gas-hits-august-record/

Of course, the source is CBS. It's probably biased against Obama...

 

[4est_4est_Gump]

As the Austrian economists explain, central-bank inflationary policies that artificially depress interest rates encourage longer-term production activities that wouldn’t have been undertaken otherwise, given the level of real saving. When the boom ends, the malinvestment of labor and resources is revealed. Labor, equipment, and land that had been attracted to production inconsistent with true consumer demand must now be rearranged. The misshapen economy must be permitted to assume a more appropriate shape. But that takes entrepreneurial risk, time, and money (savings). If the correction is to occur quickly and with minimum hardship, the government must get out of the way. In particular, it must not keep interest rates artificially low (discouraging saving) or create uncertainty about the future regulatory and tax regimes. The world is uncertain enough; to the extent government increases uncertainty about regulation and taxation, investors will be encouraged to run in place and not make grand new commitments. This prevents the needed effort to align labor and resources with what consumers want (or will want in the future).

Government spending may stimulate the use idle resources, but that’s not good enough. We don’t want just any use of recourses—they’re scarce, after all. We want uses that consumers would approve of. Politicians, whose decisions face no market test, are clueless in that regard.

So, contra Yglesias, when a fan of Bastiat’s sees the broken-window fallacy in government “stimulus” spending, she is on the firmest of ground. Every dime the government spends—whether acquired through taxation or borrowing—is a dime that someone in the private economy won’t be spending. If people are not spending already—which is not the case these days—we must look to the earlier government interventions that brought about that condition—and then repeal those anti-market corporatist policies, regulations, and taxes.

http://reason.com/archives/2012/08/26/when-liberals-misread-bastiat

 

[RobDownSouth]

http://reason.com/archives/2012/08/26/when-liberals-misread-bastiat

Your daily Bastiat lecture is a bit more boring than usual today.

You need better material.

 

[Beco]

good for Jen, anyway what value do you add?

why do you consume the welfare?

He always adds these kitschy diatribes and at the end of a long paragraph, yu realize he basically says nothing of value....but I do dig his art

 

[mercury14]

How come House Republicans haven't addressed gas prices?

 

[RobDownSouth]

How come House Republicans haven't addressed gas prices?

Because of teh Convention.

Who do you think Pat Robertson is gonna blame teh weather on this time?

 

[Adre]

Because of teh Convention.

Who do you think Pat Robertson is gonna blame teh weather on this time?

If it hits New Orleans, he'll congratulate God for finishing what he started seven years ago.

 

[koalabear]

Stocks rise on stimulus hopes

 

[NeverEndingMe]

If it hits New Orleans, he'll congratulate God for finishing what he started seven years ago.

you take stupidity to a whole new level

 

[koalabear]

Stocks struggle ahead of the Fed

 

[Beco]

Stocks struggle ahead of the Fed

"I'll drink to that"-- Barack Obama

 

[Ulaven_Demorte]

Oh my, down a WHOLE 33.3 for the day!
It's fucking armageddon!



Look up again Henny Penny, they sky is still up there.