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

[Busybody]

of course these TURDS don't say

last Q it was UP

cause DEFENSE SPENDING was UP more then expected

cause WhoSane wanted IT UP SO HE CAN STEAL THE ELECTIONS

 

[bra_man69]

Lets remember

5% unemployment and 5% GDP GROWTH was THE WORST ECONOMY SINCE H HOOVER



Dems Tout Claim: 'Best-Looking Contraction in U.S. GDP You'll Ever See'

In response to the news today that the economy contracted -.1 percent in the final quarter of last year, Democrats are touting the claim that this is "the best-looking contraction in U.S. GDP you'll ever see." The claim was originally made by chief U.S. economist for Capital Economics Paul Ashworth.

"The drag from defense spending and inventories is a one-off. The rest of the report is all encouraging," Ashworth also claimed.

The claim was quickly seized upon by Democrats, looking to share good news about a contracting economy.

Democratic party communications director Brad Woodhouse quickly began spreading the word on Twitter:

Ass clown mercury been along shortly say some bullshit of how great the economy is

 

[Busybody]

Help Wanted: Qualified Death Panelists


Are you a nationally recognized health finance and economics expert willing to work for beans on a political lightning rod of a project? Do you enjoy being the subject of Senate confirmation hearings? If so, apply to be a death panelist today…because it doesn’t look like anyone else is. The Washington Post reports:


The Independent Payment Advisory Board, the new, 15-member panel . . . has the authority to reduce Medicare doctors’ reimbursements and pilot new ways to deliver high quality care for less.

Obama’s former health policy advisers worry that other top health economists, those in hot demand in academia and in the industry, won’t be interested in a federal job where the compensation is low, the political controversy high and the ultimate payoff unclear.

“It is supposed to be 15 members, with limited salaries who can’t do any outside work,” says Peter Orszag, the former director of the Office of Budget and Management under Obama who was a key proponent of IPAB. “It will be challenging to find [15 top] health-care experts . . . who would want that job.”

It isn’t hard to see why nobody is clamoring to take a job that offers low pay and lots of regulations and will make everyone in the country hate you.

But it’s been clear from the beginning that this is the kind of thing you get with a massive, centralized health care “fix” like Obamacare: 15 unhappy people in a room making enormously important but impossible to predict decisions affecting a broad and diverse industry (not to mention the lives and health of millions). It’s hard to imagine a centralized approach getting all the nuances of health care right—and we certainly haven’t stumbled onto the miracle cure here.

If you go for the job, though, try not to dwell on how impossible and unpopular and low-paying your work will be. Instead, think about the fact that you’ll be able to tell your grandkids that you were one of the first death panelists.

 

[Busybody]

Ass clown mercury been along shortly say some bullshit of how great the economy is

he is on IGGY

for now

I can write the shit he writes on my own

INSANITY

 

[bra_man69]

he is on IGGY

for now

I can write the shit he writes on my own

INSANITY

True that

 

[Busybody]

Obama’s Banker: About That Recovery…






Citigroup, Congressional Budget Office, Office of Management and Budget — you don’t get any more insider-wonky than Peter Orszag. And he would like to take a moment today to warn you that it’s “too soon to celebrate a recovery.”

This is normally where I’d add something snarky about how folks outside the Beltway haven’t been popping many champagne corks these last few years, but I’ll demure this once.




So what does Orszag suggest we do to get back to the land of confetti and noisemakers? I hope you’re sitting down for this:


Policy makers in Washington should couple substantial upfront stimulus spending with even bigger, but delayed, deficit reduction.

Spend for real now. Unspecified cuts to follow. Scout’s honor.

Those cuts are nearly as real as the hair atop Orszag’s head.




Lets remember

5% unemployment and 5% GDP GROWTH was THE WORST ECONOMY SINCE H HOOVER

 

[koalabear]

The U.S. economy stopped dead in its tracks in the last three months of the year, according to the latest government data, as the halting recovery was slammed by Superstorm Sandy and fiscal cliff political gridlock.

But economists said the surprise 0.1 percent contraction in the fourth quarter's annual growth rate was likely a brief pause in an otherwise halting, four-year recovery from the 2007 recession.

http://www.nbcnews.com/business/economywatch/us-economys-contraction-just-brief-pause-1B8174851

 

[Busybody]

Right

Cliff SandyBush

 

[RobDownSouth]

The economy contracted "unexpectedly" in 4Q 2012 by a negative 0.1 percent, well below experts who predicted growth between 0.4 and 3.1 percent.

Looking at the components:

• Housing continues to rebound nicely, leading the pack.
• Equipment investment and technology purchases remain robust
• Consumer demand is healthy

What's pulling the economy down?

• Military spending had an enormous 22.2% drop in one quarter, the largest one quarter drop in 40 years (and 1973 was the result of the first Arab oil embargo!)
• Government spending was down 15%

Obviously we need the military to buy more gold plated toilets.

 

[bra_man69]

The economy contracted "unexpectedly" in 4Q 2012 by a negative 0.1 percent, well below experts who predicted growth between 0.4 and 3.1 percent.

Looking at the components:

• Housing continues to rebound nicely, leading the pack.
• Equipment investment and technology purchases remain robust
• Consumer demand is healthy

What's pulling the economy down?

• Military spending had an enormous 22.2% drop in one quarter, the largest one quarter drop in 40 years (and 1973 was the result of the first Arab oil embargo!)
• Government spending was down 15%

Obviously we need the military to buy more gold plated toilets.

and this quarter well be the taxed increase

 

[Wrong Element]

The economy contracted "unexpectedly" in 4Q 2012 by a negative 0.1 percent, well below experts who predicted growth between 0.4 and 3.1 percent.

Looking at the components:

• Housing continues to rebound nicely, leading the pack.
• Equipment investment and technology purchases remain robust
• Consumer demand is healthy

What's pulling the economy down?

• Military spending had an enormous 22.2% drop in one quarter, the largest one quarter drop in 40 years (and 1973 was the result of the first Arab oil embargo!)
• Government spending was down 15%

Obviously we need the military to buy more gold plated toilets.

I wonder how many data points the know-nothings will need to see before conceding that lower government spending can contract the economy. Clearly the last several years, to say nothing of the 1930s, hasn't done the trick.

 

[unregistered]

 

[bra_man69]

I wonder how many data points the know-nothings will need to see before conceding that lower government spending can contract the economy. Clearly the last several years, to say nothing of the 1930s, hasn't done the trick.

Hey dumb fuck the government spent more money in the last quarter then the two quarters before it so looks like it's you're calling yourself a know-nothing.

 

[Busybody]

I wonder how many data points the know-nothings will need to see before conceding that lower government spending can contract the economy. Clearly the last several years, to say nothing of the 1930s, hasn't done the trick.

But under BushCo

5% unemployment and 5% GDP was THE WORST ECONOMY since H Hoover

 

[JohnnySavage]

Hey dumb fuck the government spent more money in the last quarter then the two quarters before it so looks like it's you're calling yourself a know-nothing.

The government spending that is a component of the GDP fell. ALL government spending isn't part of the GDP. But I'm sure you knew that, being the economic expert you are.

And bravo zulu - not a single spelling mistake in your post. That has to be a first.

 

[Busybody]

Who knew CURRY and REID read the same playbook!


Never every respond to reality

ATTACK TEH SOURCE, cause THAT is the issue

How sad........

I know lets talk DRESSAGE and ROBUST ECONOMY


Reid attacks The DC over prostitutes’ allegations against Sen. Bob Menendez



DAILY CALLER

Senate Majority Leader Harry Reid lashed out at The Daily Caller on Tuesday for running a series of stories since November containing allegations that Democratic Sen. Bob Menendez slept with prostitutes in the Dominican Republic.

“I always consider the source,” Reid said, referring to TheDC, “and all anyone here has to look at is the source where this comes from. It’s — it’s a source that has brought up a lot of non-issues.”

Reid was asked if the allegations against Menendez should be investigated, and the existence of an FBI investigation confirmed, before Menendez takes over as chairman of the Senate Foreign Relations committee.

Massachusetts Democratic Sen. John Kerry, the committee’s current chairman, was confirmed Tuesday afternoon as the next U.S. Secretary of State.

Reid’s comment came during a press conference on Capitol Hill.

“I’ve told you how I feel about the source of this stuff. It’s really very, very typical for the source,” he added, again talking about TheDC

 

[RobDownSouth]

I wonder how many data points the know-nothings will need to see before conceding that lower government spending can contract the economy. Clearly the last several years, to say nothing of the 1930s, hasn't done the trick.

They cannot do that under any circumstances. To admit to that would refudiate their cherished belief that "Keynesian theory is wrong" and would run counter to The Narrative.

Maybe Obama will have to travel less, eat less Lobster. After all he's the cause of the coming recession.

Tell us again how it costs two billion dollars a day for President Obama to travel.

 

[unregistered]

 

[Busybody]

If those stories involved Ted Cruz, Reid would be calling for his resignation.

Lets talk Sen Wide Stance

 

[unregistered]

 

[bra_man69]

The government spending that is a component of the GDP fell. ALL government spending isn't part of the GDP. But I'm sure you knew that, being the economic expert you are.

And bravo zulu - not a single spelling mistake in your post. That has to be a first.

Do you even believe the bullshit you say

 

[Busybody]

Reid and CURRY

shriek CHECK THE SOURCE

We needa talk SEN WIDE STANCE


ROBERT MENENDEZ UPDATE: Roll Call: “Sen. Robert Menendez denied any wrongdoing as he responded Wednesday to a report that a South Florida ophthalmologist associated with the New Jersey Democrat had his office raided by the FBI. . . . The Miami Herald reported that the FBI raided the office of Dr. Salomon Melgen in West Palm Beach on Tuesday night. The newspaper noted that Melgen has been accused of providing prostitutes to Menendez during travel to the Dominican Republic. Those claims remain unsubstantiated, and the Miami Herald reported that the tipster in the case has refused to meet in person with FBI agents.”

UPDATE: Related: Emails: FBI Wanted to Meet Source of Menendez Prostitution Allegations Before Raid on Donor. I’m not actually sure why Menendez’ cavorting with hookers should, by itself, be of interest to the FBI. But, of course, we don’t know that that’s what’s going on. Perhaps there are questions of bribery or influence-peddling.


why am I posting this shit in an economic thread?

cause the shit is the same

as those assholes that say

WE HAVE A BEAUTIFUL CONTRATION!!!!!!!!!!


fucking

NIGGERZ

 

[unregistered]

 

[Busybody]

The FBI might be involved because it is a federal crime for any government employee to have sex with a person who would be underage in the United States while in any foreign country, regardless of the laws of that country regarding the age of consent.

the FBI?

You call THAT a source?

 

[Busybody]

Santelli: We are now Europe


posted at 3:14 pm on January 30, 2013 by Ed Morrissey






Via Mediaite, consider this the antidote to all of the liberal apologetics on why it’s just dandy that we went into negative numbers. The Democratic Party is now calling this GDP report the “best-looking contraction in US GDP you’ll ever see,” and no, that’s not meant to be ironic. While it’s important not to overreact to the contraction, a contraction is still bad news … at least for most Americans.

CNBC’s Rick Santelli scolds those blaming cutbacks in government spending as the reason for the poor report, and says the real issue is that we’re adopting a European model for government interventions and spending:




“When you act like Europe, you get growth rates like Europe,” Santelli said. “Our discussions with economists sound like we’re in Europe. They’re always doing the right thing. They’re always thinking they know better, and this the kind of growth.”

“We have become Europe,” Santelli declared. “We are now Europe.”

He was challenged when his co-host noted that federal spending decreased dramatically in the fourth quarter. “Why do we need to reduce spending?” Santelli asked hypothetically. “Because we run trillion dollar deficits, for crying out loud.”

The CNBC hosts joked that this negative growth rate means that the federal government will have to pursue yet another stimulus program to the tune of $800 billion. The joke became serious, however, when one host suggested that an $800 billion stimulus in the form of tax cuts may not be a bad idea.

We can consider this yet another warning signal that the Obama administration still hasn’t realized that Obamanomics hasn’t worked, and the flow of government stimulus just masks the underlying stagnation only for just as long as it continues to flow. Michael Ramirez put his Pulitzer-winning wit and talent to this point even before the GDP numbers made him look prescient:

http://www.investors.com/image/RAMFNLclr-013012-robot-IBD-.jpg.cms

Obamanomics is certainly Lost in Space.

.