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

[mercury14]

Investors know Obama's plan to raise 82 billion by taxing the rich isn't a drop in the bucket towards solving our problems. His Marxist DNA tells him he has to strike at the rich even if it's just for general purposes and for no real effect. His predatory base will start chewing up his ankles for their share of the loot.

How is it not even a drop in the bucket? You said yourself it solves about 10% of the deficit over ten years and that's assuming a 0% growth rate. If there's growth then raising taxes on the rich could end up addressing 25%-50% of the deficit. That sounds like a huge part of the problem solved right there to me.

Exactly what is your standard of significance for a single policy to be meaningful if not this?

 

[koalabear]

Stocks rise on new budget hopes

 

[IrezumiKiss]

Draw some more spare tires and oat bags and STFU.

Whoa...I have no desire to draw you in the buff, dude. Not even for that heaping payday you give your lawn guy for doing your front & back end.

http://media.tumblr.com/tumblr_md3ukoOYpm1qa6g1m.gif

 

[Adre]

How is it not even a drop in the bucket? You said yourself it solves about 10% of the deficit over ten years and that's assuming a 0% growth rate. If there's growth then raising taxes on the rich could end up addressing 25%-50% of the deficit. That sounds like a huge part of the problem solved right there to me.

Exactly what is your standard of significance for a single policy to be meaningful if not this?

If there is a debt cutting deal made, I can already hear the Lit RWCJ whining and moaning about it. Too little. Wrong cuts.

 

[RobDownSouth]

And a glaring minority as well.

Well if anyone is an authority on glaring at minorities, it'd be you!

 

[Busybody]

COSTCO TO PAY MASSIVE SPECIAL DIVIDEND to beat Obama tax hikes. “The special dividend will be paid Dec. 18 to shareholders of record on Dec. 10. That will allow investors to pay the lower 15% tax rate currently in effect on dividends.”

This even though CostCo executives are big Obama supporters. Isn’t that kinda unpatriotic of them?

 

[Busybody]

So France elects a NIGGER, a NIGGER that wants to and has INCREASED taxes on corporations and "rich" people

and

THEY ARE ABOUT TO CRASH


The EU Just Lost Another Prop



Meanwhile, as Greece continues to distract the markets, France, the other primary prop for the EU besides Germany, is now experiencing an economic contraction on par with that of 2008-2009.

Indeed, France’s September’s auto sales numbers were worse than those of September 2008 (the month Lehman collapsed). The country’s PMI reading is back to April 2009 levels. Even the French Central Bank, which would hold off as long as possible before unveiling bad news, has announced the country will re-enter recession before year-end.

Over the past few weeks, an extraordinary cry of alarm has risen from chief executives who warn that the French economy has gone dangerously off track. In an interview to be published on Nov. 15 in the magazine l’Express, Chief Executive Officer Henri de Castries of financial-services group Axa (CS:FP) warns that France is rapidly losing ground, not only against Germany but against nearly all its European neighbors. “There’s a strong risk that in 2013 and 2014, we will fall behind economies such as Spain, Italy, and Britain,” de Castries says.

On Nov. 5, veteran corporate chieftain Louis Gallois released a government-commissioned report calling for “shock treatment” to restore French competitiveness. And on Oct. 28, a group of 98 CEOs published an open letter to Hollande that said public-sector spending, which at 56 percent of gross domestic product is the highest in Europe, “is no longer supportable.” The letter was signed by the CEOs of virtually every major French company. (The few exceptions included utility Electricité de France, which is government controlled.)

http://www.businessweek.com/articles/2012-11-14/french-ceos-help

We get additional confirmation that France is in big trouble from its partner in propping up the EU, Germany.

German Finance Minister Wolfgang Schaeuble has asked a panel of advisers to look into reform proposals for France, concerned that weakness in the euro zone's second largest economy could come back to haunt Germany and the broader currency bloc.

Two officials, speaking on condition of anonymity, told Reuters this week that Schaeuble asked the council of economic advisers to the German government, known as the "wise men", to consider drafting a report on what France should do…

"The biggest problem at the moment in the euro zone is no longer Greece, Spain or Italy, instead it is France, because it has not undertaken anything in order to truly re-establish its competitiveness, and is even heading in the opposite direction," Feld said on Wednesday.

"France needs labour market reforms, it is the country among euro zone countries that works the least each year, so how do you expect any results from that? Things won't work unless more efforts are made."

http://uk.reuters.com/article/2012/11/09/uk-germany-france-economy-idUKBRE8A80MN20121109

France will be a bigger problem than Spain or Italy for the EU?!?! That is one heck of an admission from a German official. If France deteriorates then it’s game over for the EU. The current bailouts mean Germany is already on the hook for an amount equal to 30% of its GDP. If France tanks the amount will balloon astronomically. At that point it’s game over.

This is why the Powers That Be in Europe are absolutely terrified of what’s happening there.

If you’re looking for ideas on how to navigate this mess, we have produced a FREE Special Report available to all investors titled What Europe’s Collapse Means For You and Your Savings.

This report features ten pages of material outlining our independent analysis real debt situation in Europe (numbers far worse than is publicly admitted), the true nature of the EU banking system, and the systemic risks Europe poses to investors around the world.

It also outlines a number of investments to profit from this; investments that anyone can use to take advantage of the European Debt Crisis.

Best of all, this report is 100% FREE. You can pick up a copy today at:
http://gainspainscapital.com/eu-report/

Best Regards,

Graham Summers

 

[Busybody]

So France elects a NIGGER, a NIGGER that wants to and has INCREASED taxes on corporations and "rich" people

and

THEY ARE ABOUT TO CRASH

Our NIGGER wants to do the same

DUMMY NIGGER

 

[Busybody]

Well, this is why we need a global UN tax /sarc


Two-thirds of millionaires left Britain to avoid 50p tax rate
Telegraph-

In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.

This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.

The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.

Oh, this is only a “claim.”

George Osborne, the Chancellor, announced in the Budget earlier this year that the 50p top rate will be reduced to 45p from next April.

Since the announcement, the number of people declaring annual incomes of more than £1 million has risen to 10,000.

See how that works, you moronic progressives!?!

 

[jeninflorida]

the problem with obama is that his group doesn't want to make government more efficient. We can easily terminate 20-30% of administration and not notice any difference in "service"

federal and state offices either need to terminate their pension system or make workers pay 40-60% up from zero. This liability is starting to kick Wisc, Ill, NY, NJ asses and will only get worse. Also, we need to limit that no pension payee shall receive more than $70k a year. Time to get those in government to pay their fair share. Remember when someone takes a job in government its to serve not get all greedy

 

[VaticanAssassin]

Well, this is why we need a global UN tax /sarc


Two-thirds of millionaires left Britain to avoid 50p tax rate
Telegraph-

In the 2009-10 tax year, more than 16,000 people declared an annual income of more than £1 million to HM Revenue and Customs.

This number fell to just 6,000 after Gordon Brown introduced the new 50p top rate of income tax shortly before the last general election.

The figures have been seized upon by the Conservatives to claim that increasing the highest rate of tax actually led to a loss in revenues for the Government.

Oh, this is only a “claim.”

George Osborne, the Chancellor, announced in the Budget earlier this year that the 50p top rate will be reduced to 45p from next April.

Since the announcement, the number of people declaring annual incomes of more than £1 million has risen to 10,000.

See how that works, you moronic progressives!?!

No...Actulay they do not.

It is only a drop of 509 million a month. Who cares?

 

[unregistered]

 

[RobDownSouth]

The government is an entity unto itself, it is at war with the civil society that employs it.

Google translation from Vettespeak to English:

Wah wah wah, the American people rejected my Gospel of Selfishness so I hate the government, even though they send me my check each and every month without fail

 

[unregistered]

 

[eyer]

The current $16.34 trillion debt ceiling should be hit no more than a month from now (last week in December)...

...once hit, Treasury can massage accounts to paper-over our obligations (as it did last time) but, no more than a month and a half after the debt ceiling is shattered, what some call the "X Date" day arrives - that's the date Treasury's artificial fixes become meaningless because the federal government will be refunding taxpayers (early filers) somewhere around $112 billion, and another $117 billion owed to Social Security recipients and for reimbursement owed in the Medicare and Medicaid systems, plus $33 billion is due on interest on the debt alone, and another $27 billion due to vendors who sell to the Defense Department; that's a monthly outflow of around $464 billion in February, compared to expected income revenue to the government of about $202 billion.

And there's no way to paper-over that shortfall...

...the only possibilities at that point are raising the debt limit or begin defaulting on obligations.

2 1/2 months ladies and gentlemen, with Christmas break and inaugurations in between...

...and the bozos in DC aren't even talking about it yet.

 

[RobDownSouth]

Some cheese with your whine, perhaps?

Not at all Chief, what happened was two wolves and a sheep were locked in a room to decide what's for lunch....the sheep lost.

Makers 'n Takers! MAKERS 'N TAKERS, DAMMIT!

 

[Busybody]

Blue Cross Blue Shield Of ND Says Insurance Premiums May Double Under Obamacare




Rod St. Aubyn, director of government affairs for Blue Cross Blue Shield of North Dakota, told me in an interview this week that as Obamacare is implemented nationally it will have little impact on health care costs despite being called, officially, the Patient Protection and Affordable Care Act.

“This is not health care reform,” St. Aubyn told me. “This is health insurance reform.” He went on to say that Obamacare does “very little to address the cost of health care.”

Asked what sort of impact the law, which includes numerous mandates for expanded coverage, will have on insurance premiums St. Aubyn said the “rough estimate” BCBS is using, based on the fact that there are still a lot of aspects of this law that haven’t yet been defined, is a 15% increase in group (employer) insurance policies and as much as a 75% – 100% increase in individual insurance policies

 

[Busybody]

recession

here

we

come


U.S. Q3 GDP revised up to 2.7% from 2.0%

By Jeffry Bartash WASHINGTON (MarketWatch) - The U.S. economy expanded at 2.7% pace in the third quarter, mostly because of higher inventories and exports, the Commerce Department said Thursday. The government originally put third-quarter gross domestic product at 2.0%. The second of two regularly scheduled updates to quarterly GDP includes fresh data not available in the first report. Yet the increase in consumer spending last quarter was cut sharply to a rate of 1.4% from 2% originally, while final sales were trimmed to a 1.9% increase from 2.1%. Inventories rose by $61.3 billion in the third quarter compared to $41.4 billion in the second quarter. Exports were revised up to a 1.1% increase from a 1.6% decline and imports were revised to 0.1% rise from a 0.2% drop. Business capital investment fell a sharper 2.2% instead of 1.3% as originally reported. Investment in equipment and software was revised to a 2.7% decline from a first estimate of no change. The increase in disposal personal income was revised down for the quarter to 0.5% from 0.8%. Inflation as measured by the PCE index rose 1.6%, or by a tame 1.1% excluding food and energy.

 

[unregistered]

 

[Sean Renaud]

You know I've always been curious as to where exactly that saying of democracy is two wolves and a sheep deciding what to have for dinner. Correct me if I'm wrong but if two sheep get locked in a room with a wolf does that change his dinner plans or just extend how long he can survive in that room?

 

[mercury14]

Lets see the weekly claims of jobless in the last 88 of 93 weeks have been adjusted upwards days later by government bullshitters. 393,000 this week.

Still stuck on your paranoid fantasy that the BLS is partisan I see.

 

[Busybody]

Still stuck on your paranoid fantasy that the BLS is partisan I see.

hey

how come I cant get an answer to THREE simple questions?


and BTW, you and your fellow clowns accused the BLS of that

2001-2008

 

[unregistered]

 

[mercury14]

Prove it wrong MoFo.

There you go again, demanding other people prove a negative instead of actually backing your point.

 

[Busybody]

hey

how come I cant get an answer to THREE simple questions?


and BTW, you and your fellow clowns accused the BLS of that

2001-2008

I guess CURRY

Pretends NOT to see this