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

[Beco]

I'm very scared for this economy if Obama wins, scared for this country,get ready for tax increases on the most successful earners and entrepreneurs. Small biz doesnt have a chance..... Get ready for another "Great" recession 4 years later, cause we spent all our bullets, and we don't have more bullets.......a vote for Obama is a vote for doom and gloom for another 4 years.....invest wisely

 

[4est_4est_Gump]

I'm very scared for this economy if Obama wins, scared for this country,get ready for tax increases on the most successful earners and entrepreneurs. Small biz doesnt have a chance..... Get ready for another "Great" recession 4 years later, cause we spent all our bullets, and we don't have more bullets.......a vote for Obama is a vote for doom and gloom for another 4 years.....invest wisely

Should I buy Apple or can apples?

 

[Beco]

Should I buy Apple or can apples?

Profits are the name of the game.....even Google tumbled yesterday

 

[kbate]

How did the one California economist put it?


The debt? Pish posh, just a few keystrokes and it is gone...

The Fed can buy and forgive all of the debt and we can start over with a clean slate.

 

[4est_4est_Gump]

The Fed can buy and forgive all of the debt and we can start over with a clean slate.

Three strokes.

In happier news today, Fidel has suffered a massive stroke...

 

[kbate]

In happier news today, Fidel has suffered a massive stroke...

Great, now we can get a new age of investment in Cuba. I'm buying.

 

[4est_4est_Gump]

Great, now we can get a new age of investment in Cuba. I'm buying.

I have a close friend who is just dying to get back...


Did you see Kim is having trouble keeping troops on his side of the DMZ?

Obama needs more reliable friends.

 

[kbate]

I have a close friend who is just dying to get back...Did you see Kim is having trouble keeping troops on his side of the DMZ?

Obama needs more reliable friends.

We could wipe out NK with an airdrop of iPhones and new cell towers along the DMZ.

 

[4est_4est_Gump]

They are essential for UN Comedic relief...

 

[mercury14]

I have a close friend who is just dying to get back...


Did you see Kim is having trouble keeping troops on his side of the DMZ?

Obama needs more reliable friends.

I've been there, it's ridiculous. NK troops regularly prance through the DMZ, waiving their peckers as they go. They walk into it and hold up these binoculars bigger than their heads just to peep into SK. Then they walk around in circles, have a smoke and leave.

 

[4est_4est_Gump]

Problem is Demand

Yes indeed, the problem is demand, and also customers, jobs, part-time jobs, declining real wages, a fiscal cliff, Europe, China, a global recession, and shares priced well beyond perfection.

The only counterbalancing force is the Fed. Moreover, and in spite of what everyone seems to think, the Fed is not really in control of much of anything.

How much longer shares can defy gravity remains to be seen.

Read more at http://globaleconomicanalysis.blogspot.com/#U3pjYpAFixFjCV1B.99

 

[mercury14]

Read more at http://globaleconomicanalysis.blogspot.com/#U3pjYpAFixFjCV1B.99

I agree, the problem is demand. Good post, er paste.

 

[4est_4est_Gump]

...being pantheists as was Hegel, until man discovers that he is man-God, and the alienation of man from man, man from nature, and man from God will be ended as all is fused into one big blob, the discovery of the reality of and therefore the merger into cosmic Oneness. History, which has been predetermined toward this goal, will then come to an end. In the Romantic metaphor, man, the generic "organism" of course, not the individual, will at last "return home." History is therefore an "upward spiral" toward Man's determined destination, a return home, but on a far higher level than the original unity, or home, with God in the pre-creation epoch.

The domination of the Romantic writers by this paradigm has been expounded brilliantly by the leading literary critic of Romanticism, M.H. Abrams, who points to this leading strain in English literature stretching from Wordsworth to D.H. Lawrence. Wordsworth, Abrams emphasizes, dedicated virtually his entire output to a "heroic" or "high Romantic argument," to an attempt to counter and transcend Milton's epochal poem of an orthodox Christian view of man and God. To counter Milton's Christian view of Heaven and Hell as alternatives for individual souls, and of Jesus's Second Advent as putting an end to history and returning man to paradise, Wordsworth, in his own "argument," counterpoises his pantheist vision of the upward spiral of history into cosmic unification and man's consequent return home from alienation.[1] The eventual eschaton, the Kingdom of God, is taken from its Christian placement in heaven and brought down to earth...,

Murray Rothbard

 

[4est_4est_Gump]

A severe cleansing, i.e., the removal of various nonproductive activities is a key factor behind the success story of Estonia. Between Q3 2009 and Q1 2011 the average yearly rate of growth of government outlays stood at -7.4 percent. In short government outlays were cut sharply. Note that this purged various false activities that emerged on the back of previous loose government spending. Additionally, Estonia's government debt as a percentage of GDP is only 6 percent versus Germany's 81 percent and Greece's 165 percent.

http://mises.org/daily/6232/Why-Estonia-Is-Beating-the-Eurozone

 

[mercury14]

The entire point of a "discussion board" is to put your own spin on it and tell us what you think. Any moron can google and come up with what someone else thinks.

So tell me AJ, how do we increase demand?

 

[4est_4est_Gump]

Another important factor that revitalized the Estonian economy is a fall in money supply during the period May 2008 to November 2009, i.e., money supply declined for 19 months. Note that the average of the yearly rate of growth of our monetary measure (AMS) during this period stood at minus 7.9 percent. A fall in money supply arrested the transfer of real wealth from wealth-generating activities to non-wealth-generating activities. This amounts to the strengthening of wealth generators and to a weakening of non-wealth-generating activities. Because of a time lag, the effect of this decline in money supply is still in the system, i.e., it continues to benefit economic fundamentals.

Kill the Fed!

 

[RobDownSouth]

So tell me AJ, how do we increase demand?

cut taxes on the upper 1%! Derp!

 

[4est_4est_Gump]

Rather than persisting with the cleansing process, the government and the central bank have chosen to reverse the stance, thereby arresting the process of healing the economy. Temporarily the reversal of the stance is probably going to "work." It will give rise to new bubble activities and will strengthen the old bubble activities. In terms of real GDP, it is quite likely that we are going to see a visible strengthening ahead in its growth momentum. At some stage, however, the weakening of wealth generators is going to be felt and the Estonian economy is going to suffer because of the reversal in its fiscal and monetary stance.

Do not forget the wooden stake...

 

[4est_4est_Gump]

Summary and Conclusions

The Estonian case shows that a policy that removes bubble activities lays the foundation for healthy economic growth.

Any attempt to alter tighter fiscal and monetary policies brings back false, nonproductive activities and leads to an economic impoverishment.

It is not possible to generate something out of nothing.

Any attempt to do so results in an economic disaster.

Mises.org
Economic Education for dummies and IGNORE-a-muses...

 

[Busybody]

So tell me AJ, how do we increase demand?

1-create inflation

2-stimulate economy, put more $$$ in peeps pockets

3-increase confidence in future

4-send ObamaCO back to Kenya and take away his passport so he doesnt come back

 

[richard_daily]

So tell me AJ, how do we increase demand?

How about, well paying domestic jobs?

Hmm... There's a concept, and one that cutting taxes to the wealthy won't get us.

 

[Busybody]

The $831,000,000,000 economic “stimulus” that President Obama spearheaded and signed into law requires his administration to release quarterly reports on its effects. But “the most transparent administration in the history of our country” is now four reports behind schedule and has so far not released any reports whatsoever in 2012. Its most recent quarterly report is for the quarter than ended on June 30, 2011.




One wonders how the administration would treat a private citizen who acted like such a scofflaw in response to one of Obama’s principal legislative initiatives. It certainly appears that this administration, which is so very fond of regulating Americans’ lives — witness the 13,000 pages of Obamacare regulations it has already penned — doesn’t hold itself accountable to the same set of rules that it’s so eager to compel the American people to obey

 

[Busybody]

Mark Tapscott

Executive editor
The Washington Examiner
E@mtapscott


President Obama is among the slickest practitioners ever of the Washington Wink-Wink -- what professional politicians in both parties do when they say one thing while planning to do something else entirely.

There was, for example, Obama's 2008 campaign promise to "cut the federal deficit in half." And that "net federal spending cut" he would achieve by the end of his first term? Anybody think he didn't know then that his first term would explode the deficit and spending to historic highs?

Sen. Jim Inhofe, R-Okla., the ranking minority member of the Senate Environment and Public Works Committee, sees more of the same from Obama on the Environmental Protection Agency front, which the Oklahoma Republican described in a detailed report he issued yesterday.

Here's the first wink: "Obama has spent the past year punting on a slew of job-killing EPA regulations that will destroy millions of American jobs and cause energy prices to skyrocket even more," Inhofe said. "From greenhouse gas regulations to water guidance to the tightening of the ozone standard, the Obama-EPA has delayed the implementation of rule after rule because they don't want all those pink slips and price spikes to hit until after the election."

For the second wink, Inhofe quotes Obama's former White House environmental czar Carol Browner, who recently reassured impatient environmentalists with these words: "I can tell you, having spent two years in the White House with the president, that this is not a fad. The president believes deeply in these issues ... there is no doubt in my mind this will be a big part of his to-do list and he will remain committed in the next four years."

In other words, Browner was saying, just wait, because Obama fears he might not get re-elected if he went ahead with his EPA plans before the election.

Here are just a few of many examples cited by Inhofe of costly new Obama-inspired regulations that EPA will impose on the economy after Nov. 6:

• Greenhouse gas regulations, including the infamous "cow tax." The EPA will finalize proposed regulations that will virtually eliminate coal use in electricity generation, thus driving consumer electric bills sky-high. This cluster of new regulations will also impose an annual fee on farmers for every ton of greenhouse gases emitted by their animals. The EPA estimates that 37,000 farms and ranches will have to pay on average a $23,000 annual "cow tax."

• New regulations will so severely reduce permissible ozone emissions that the EPA estimates the cost to the economy will be $90 billion per year. Other studies put the cost as high as $1 trillion. Split the difference between the estimates, and the result still means the loss of millions of jobs.

• New Tier III regulations will cut permissible sulfur emissions by two-thirds. That will add as much as 9 cents to the cost of a gallon of gas, according to Inhofe.

• The EPA's new coal ash regulation will cost as much as $110 billion over two decades and destroy more than 300,000 jobs, mostly in West Virginia, Pennsylvania, Ohio and Missouri.

This week, the Columbia Journalism Review and Pro Publica released a report stating that Obama has proved more secretive in some respects than his immediate predecessor in the Oval Office, George W. Bush. One of those quoted by CJR/PP is Society of Environmental Journalists President Ken Ward Jr., a staff reporter for the Charleston (W.Va.) Gazette, who tweeted this yesterday: "The Obama EPA is the most difficult to get information and answers out of that I've covered in 20 years."

That's the kind of transparency we get from politicians who do the Washington Wink-Wink.

Mark Tapscott is executive editor of The Washington Examiner.

 

[Busybody]

Employees At Taxpayer-Funded Chevy Volt Battery Factory Spend Days Playing Cards, Watching Movies…




The Voltron boondoggle continues.


HOLLAND, Mich. (WOOD) – Workers at LG Chem, a $300 million lithium-ion battery plant heavily funded by taxpayers, tell Target 8 that they have so little work to do that they spend hours playing cards and board games, reading magazines or watching movies.

They say it’s been going on for months.

“There would be up to 40 of us that would just sit in there during the day,” said former LG Chem employee Nicole Merryman, who said she quit in May.

“We were given assignments to go outside and clean; if we weren’t cleaning outside, we were cleaning inside. If there was nothing for us to do, we would study in the cafeteria, or we would sit and play cards, sit and read magazines,” said Merryman. “It’s really sad that all these people are sitting there and doing nothing, and it’s basically on taxpayer money.”

Two current employees told Target 8 that the game-playing continues because, as much as they want to work, they still have nothing to do.

“There’s a whole bunch of people, a whole bunch,” filling their time with card games and board games,” one of those current employees said.

That employee says some workers are doing odd jobs around the building, including cleaning and maintenance, while others hang out in the cafeteria playing video games, Texas hold-’em and Monopoly or doing Sudoku or crossword puzzles — all on company time. The employee said some watch movies.

“There’s no work, no work at all. Zero work,” another current employee said. “It is what it is. What do you do when there’s no work?”

 

[Busybody]

Second Obama-Funded “Green Energy” Company Files For Bankruptcy This Week…




On Tuesday it was A 123 Systems, yesterday it was solar company Satcon Technology.

Via Foundry:


A solar company that got a multi-million-dollar grant from the Department of Energy earlier this year announced Wednesday that it will file for Chapter 11 bankruptcy protection, making it the second taxpayer-backed green energy company to file for bankruptcy this week.

Satcon Technology Corp. announced the decision in a Wednesday news release. “This has been a difficult time for Satcon,” president and CEO Steve Rhoades said. “After careful consideration of available alternatives, the Company’s Board of Directors determined that the Chapter 11 filings were a necessary and prudent step, allowing the Company to continue to operate while giving us the opportunity to reorganize with a stronger balance sheet and capital structure.”

Satcon received a $3 million DOE grant in January to develop “a compact, lightweight power conversion device that is capable of taking utility-scale solar power and outputting it directly into the electric utility grid at distribution voltage levels—eliminating the need for large transformers.”