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

[Sean Renaud]

That's good that you bring up Bush since it now serves as a worthy comparison for people to look at it and say, "I thought he was a big spender," Obama positively makes him look like a piker; what the hell were you people screaming about?

In fact what has Obama done that Georgie did not do only bigger?

Gitmo's open.
He started a new war.
He took on huge debt.
He gave up on civilian trials as a vehicle for Muslim outreach.
At every turn fear is being used to stampeded us into huge bills that no one reds or understands, even after they are passed.
BP, GE, GM all benefitted from crony capitalism and government is chock full of tax cheats who keep demanding that "We, the People." keep ponying up more and more money...

1. Gitmo is still open. Yeah it is. Obama's awful on that, it's not that he had a choice Gitmo is remainin open until America is defeated but he could have made. . .oh wait I do remember a HUGE fight to keep from trying the criminals in New York.

2. He took on debt. Oh well he didn't have a choice. Bush did. Not the same.

3. He didn't give up on civilian trials he was defeated. The fact that he's a bitch who lets you do whatever you want to him is a separate issue.

 

[koalabear]

Lockheed Martin to Cut 1,200 Electronics Systems Jobs

http://www.cnbc.com/id/34728648/Lockheed_Martin_to_Cut_1_200_Electronics_Systems_Jobs

Lockheed Martin layoffs hit 130 in Moorestown

http://www.bizjournals.com/philadelphia/stories/2010/04/19/daily24.html

Lockheed Martin Looking at Layoffs From Downsized Orion Crew Program

http://www.parabolicarc.com/2010/05/28/lockheed-martin-layoffs-downsized-orion-crew-program/

Lockheed Martin layoffs 600 workers at Owego plant

http://layofftracker.blogspot.com/2009/07/lockheed-martin-layoffs-600-workers-at.html

 

[JenAltArmy]

Lockheed Martin to Cut 1,200 Electronics Systems Jobs

http://www.cnbc.com/id/34728648/Lockheed_Martin_to_Cut_1_200_Electronics_Systems_Jobs

Lockheed Martin layoffs hit 130 in Moorestown

http://www.bizjournals.com/philadelphia/stories/2010/04/19/daily24.html

Lockheed Martin Looking at Layoffs From Downsized Orion Crew Program

http://www.parabolicarc.com/2010/05/28/lockheed-martin-layoffs-downsized-orion-crew-program/

Lockheed Martin layoffs 600 workers at Owego plant

http://layofftracker.blogspot.com/2009/07/lockheed-martin-layoffs-600-workers-at.html

also didn't Lockheed lose a military contract?

 

[JenAltArmy]

1. Gitmo is still open. Yeah it is. Obama's awful on that, it's not that he had a choice Gitmo is remainin open until America is defeated but he could have made. . .oh wait I do remember a HUGE fight to keep from trying the criminals in New York.

2. He took on debt. Oh well he didn't have a choice. Bush did. Not the same.

3. He didn't give up on civilian trials he was defeated. The fact that he's a bitch who lets you do whatever you want to him is a separate issue.

how on earth did obama take on the debt? you mean by adding more?

sounds like "government math" with "we removed all mark-ups, but we make up for it in volumn"

 

[koalabear]

also didn't Lockheed lose a military contract?

Yep, they are in the process of shedding the union, wherever possible.

 

[JenAltArmy]

Yep, they are in the process of shedding the union, wherever possible.

but the "union" is what gave us....I got nothing. Can't see any good use of a union in today's time. sure the union was great 30-70 years ago, but today, a union will suck the life out of the victim

I still say, if a union is a good thing then let people opt out! make the tax, I mean union dues optional

why not? union seems very anti-American

 

[koalabear]

but the "union" is what gave us....I got nothing. Can't see any good use of a union in today's time. sure the union was great 30-70 years ago, but today, a union will suck the life out of the victim

I still say, if a union is a good thing then let people opt out! make the tax, I mean union dues optional

why not? union seems very anti-American

The unions on the international level went commie, the members may wake up some day.

 

[unregistered]

 

[cjh]

President George W. Bush stepped in Friday to keep America's auto industry afloat, announcing a $17.4 billion bailout for GM and Chrysler, with the terms of the loans requiring that the firms radically restructure and show they can become profitable soon.

"If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy," Bush said at the White House, in remarks carried live by the national broadcast networks. "In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action. The question is how we can best give it a chance to succeed."

Bush said that "bankruptcy now would lead to a disorderly liquidation of American auto companies."

http://www.politico.com/news/stories/1208/16740.html

 

[Luk]

In a business that should be failing...

Luke_Atmydik writes $12,000 check

04/19/2011 10:03am

Upgrades to new software/hardware package will blow doors off what competition has to offer. Integrated credit card processing for online orders is something even the corporate competitors cannot compete with.

In other company news, Luke still pays 100% of employee health insurance. This is unheard of especially considering the line of business he is in.

 

[IrezumiKiss]

the problem with possession, is that obama places blame on everyone else

nothing is obama's fault

no hes not hes only telling you where it started and who started it because clueless entitled wasters used to living on waves of non-real money credit like you sweep fails under the rug when its convenient like out of sight out of mind

 

[Frisco_Slug_Esq]

How low will the dollar go?

How high will gas, oil and food go?

Hey, U_D, do you see the inflation yet or is it still rw "propaganda?"

The president’s plan is to balance the budget by climbing into his Little Orphan Obammie costume and singing: “The sun’ll come out tomorrow / Bet your bottom dollar that tomorrow there’ll be sun.” We’ve already bet our bottom dollar and it’s looking like total eclipse. But Obammie figures if we can only bet Daddy Warbucks’s bottom dollar, the sun will shine. The “rich” don’t have enough money to plug the gap: As a general principle, whatever the tax rates, the Treasury can never take in more than about 19 percent. Since Obama took office, the government’s spent on average 24.4 percent of GDP. That five-point gap cannot be closed, and it’s the difference between the possibility of a future and the certainty of utter ruin. Hence, outlook “negative.”

By the way, if you were borrowing (as the United States government does) 188 million dollars every hour, would your bank be reassured by a 12-year plan?

That’s 2023. Go back 12 years. That’s 1999. Which, if any, politicians in that year correctly identified the prevailing conditions in the America of 2011? Most of our problems arise from the political class’s blithe assumptions about the future. European welfare systems assumed a mid-20th-century fertility rate to sustain them. They failed to foresee that welfare would become a substitute for family and that Continentals would simply cease breeding. Bismarckian-Rooseveltian pension plans assumed you’d be living off them for the last couple of years of your life. Instead, citizens of developed nations expect to spend the final third of their adult lives enjoying a prolonged taxpayer-funded holiday weekend.

What plans have you made for 2023? The average individual attempts to insure against future uncertainty in a relatively small number of ways: You buy a house because that’s the surest way to preserve and increase wealth. “Safe as houses,” right? But Fannie/Freddie subprime mumbo-jumbo and other government interventions clobbered the housing market. You get an education because that way you’ll always have “something to fall back on.” But massive government-encouraged expansion of “college” led Americans to run up a trillion dollars’ worth of student debt to acquire ever more devalued ersatz sheepskin in worthless pseudo-disciplines. We’re not talking about the wilder shores of the stock market — Internet start-ups and South Sea bubbles and tulip mania — but two of the safest, dullest investments a modestly prudent person might make to protect himself against the vicissitudes of an unknown future. And we profoundly damaged both of them in pursuit of fictions.

I don’t claim absolute certainty about what the world will be like in 2023, but I know what our governing class is telling us. At Tufts University, Nancy Pelosi urged her “Republican friends” to “take back your party, so that it doesn’t matter so much who wins the election — because we have shared values about the education of our children, the growth of our economy, how we defend our country, our security and civil liberties, how we respect our seniors. Elections shouldn’t matter as much as they do.”

The last line attracted a bit of attention, but the “shared values” — i.e., the fetid bromides of conventional wisdom — are worth decoding, too: “Education of our children” means more spending on an abusive and wasteful unionized educrat monopoly; “growth of our economy” means more spending on stimulus funding for community-organizer grant applications; “how we defend our country” means more spending on defense welfare for wealthy allies; “our security and civil liberties” means more spending on legions of crack TSA crotch fondlers; “how we respect our seniors” means more spending on entitlements for an ever more dependent citizenry whose sense of entitlement endures long after the entitlement has ceased to make any sense.

Nancy Pelosi fleshed out the Obama plan: More spending. More more. Now and forever. That’s what S&P understands. The road to hell is paved with stimulus funding.

Mark Styen
NRO

 

[JenAltArmy]

Luke_Atmydik writes $12,000 check

04/19/2011 10:03am

when did yo ustart to write fiction?

 

[JenAltArmy]

the answer about how low the dollar will go is up to the voter. Will there be enough unintelligent people voting for obama? If so, we will have to wait another 4 years to see how low the value of the dollar will sink.

obama is bad for business

How low will the dollar go?

How high will gas, oil and food go?

Hey, U_D, do you see the inflation yet or is it still rw "propaganda?"


Mark Styen
NRO

 

[Frisco_Slug_Esq]

Yep, they are in the process of shedding the union, wherever possible.

Boeing was told, we have anti-dog-eat-dog laws and you will continue to operate in a Union State.

But, it's NOT "Socialism."



Social Democracy at best, it's about the fair treatment of workers.

http://www.businessweek.com/ap/financialnews/D9MONL0O0.htm

 

[JenAltArmy]

And so what, the failure of the obama economy is that America do not have more social programs? It’s a failure to have 45% of American’s receiving government aide? The goal should be what, 80%? When obama burns through those who create wealth, where will obama get the money to fund his welfare nation?

obama, one sad experience after another.

no hes not hes only telling you where it started and who started it because clueless entitled wasters used to living on waves of non-real money credit like you sweep fails under the rug when its convenient like out of sight out of mind

 

[tonedaussie]

there was a recession??? lol

 

[Frisco_Slug_Esq]

While it is always fashionable and populist to blame the "speculators" and oil companies, those entities are fully aware of the supply situation and would not be taking undue risk when a futures contract in that market situation could easily backfire on them. But they are also aware that another factor has come into play. That is the wholesale creation of money by the Federal Reserve in response to the massive deficits run up by Washington D.C. In reality these are quixotic attempts by both entities to jump start the US economy. Their most significant accomplishment in doing so is to enrich Wall Street and the huge financial institutions deemed "to big to fail" at the expense of the American people. [1]

...

It is no coincidence that during this same period the Balance Sheet of the Federal Reserve showed assets of $825 Billion throughout 2007; however today it exceeds $2.7 Trillion, a phenomenal increase of 223% or more than triple. Of the $1.8 Trillion increase is $1.4 Trillion of US Treasury debt that the Fed bought and in essence printed money to do so. This has flooded the marketplace with US currency and driven up commodity prices across the board. Additionally this tsunami of greenbacks has created massive problems for emerging countries as the influx of dollars looking for higher returns has overwhelmed their economies, triggering inflation and currency and exchange rate problems around the world.

The Fed, in league with the federal government, chose this course of action in order to underwrite the ongoing crippling deficit by buying the bonds of the US Treasury, which had to be offered as the result of fiscal policies that were supposed to stimulate the economy. The Fed justified their actions by claiming this program, also known as quantitative easing, would make more money available for borrowing by the private sector. It has done neither. Instead it has sown the seeds for stagflation (high unemployment coupled with high inflation).

In the meantime the dollar has lost a considerable amount of value as compared to other currencies. Among the most stable of currencies over the years has been the Swiss franc. In 2007 the exchange rate was 1.22 francs to the dollar; today it is 0.881 to the dollar a decrease of nearly 25%, a drastic drop in the world of currency values. While it is nearly impossible to accurately measure the true impact of currency devaluation and acknowledging that there are always other factors at play, a simple exercise using the Swiss franc and the US dollar relationship applied to the cost of a barrel of oil today reveals that a cost of that oil would be $82.50 instead of $110.00; much more in line with historical patterns.

The fault for the nation's present predicament lies solely at the feet of the federal government, from its spendthrift fiscal program and obstinate refusal to develop America's vast oil reserves, to its Russian roulette monetary policy. As for the evil "speculators," they are indeed speculating on the future rise in the price of oil and gold, but not because of traditional supply and demand factors, but because they are convinced that there is no will in Washington to rein in spending, and that the Federal Reserve will be forced to do another round of quantitative easing exacerbating an already dire situation that can only end in disaster.

Steve McCann
The American Thinker

1. As Mises points out, monetary inflationary policies only benefit those closest to them (hence the rise in stocks) and punish those farthest away from them (the consumers). We are now following the Japanese model and there is no end in sight, so it looks like our "opinion" pieces full of racist doom and gloom and hatred of a black President were pretty much spot on. Too bad Obama doesn't actually speak "Austrian." I highly doubt that you will want to admit that you might have been a little wrong in your cheer-leading for our Affirmative-Action "Socialist" President who admits that a Capital Gains tax will reduce revenues, but he wants to do it anyway, just to be "fair."
__________________
If you ask your government to treat everyone "fairly," the only way it can ever accomplish that task is to treat someone "unfairly."
A_J, the Stupid

 

[JenAltArmy]

Japan is a great example of what we do not want to become.

I'm afraid that China will dominate just about every category. China is about to become the #1 leader in Nuke energy, high tech equipment, this and that. the question is, what will they do to support the American consumer

Steve McCann
The American Thinker

1. As Mises points out, monetary inflationary policies only benefit those closest to them (hence the rise in stocks) and punish those farthest away from them (the consumers). We are now following the Japanese model and there is no end in sight, so it looks like our "opinion" pieces full of racist doom and gloom and hatred of a black President were pretty much spot on. Too bad Obama doesn't actually speak "Austrian." I highly doubt that you will want to admit that you might have been a little wrong in your cheer-leading for our Affirmative-Action "Socialist" President who admits that a Capital Gains tax will reduce revenues, but he wants to do it anyway, just to be "fair."
__________________
If you ask your government to treat everyone "fairly," the only way it can ever accomplish that task is to treat someone "unfairly."
A_J, the Stupid

 

[Beco]

Japan is a great example of what we do not want to become.

I'm afraid that China will dominate just about every category. China is about to become the #1 leader in Nuke energy, high tech equipment, this and that. the question is, what will they do to support the American consumer

Oh my...those big bad Chinese......Stop it!

 

[Frisco_Slug_Esq]

Japan is a great example of what we do not want to become.

I'm afraid that China will dominate just about every category. China is about to become the #1 leader in Nuke energy, high tech equipment, this and that. the question is, what will they do to support the American consumer

China has deep problems that will unravel it because it is what we aspire to be when it comes to government control...

Obama should take note of what has happened to their high-speed rail, for example.

 

[JenAltArmy]

Oh my...those big bad Chinese......Stop it!

which part do you not agree with?

 

[JenAltArmy]

China has deep problems that will unravel it because it is what we aspire to be when it comes to government control...

Obama should take note of what has happened to their high-speed rail, for example.

true. China isn't able to create new technology. basically they steal it from us.

I understand why Westinghouse is willing to sell China nuke technology (cash) but what Westinghouse has done is create their biggest competitor.

just imagine having a new Nuke power plan in New York build with "China" technology and people

 

[Beco]

which part do you not agree with?

The part where we are blaming everyone for our problems.

 

[koalabear]

Boeing was told, we have anti-dog-eat-dog laws and you will continue to operate in a Union State.

But, it's NOT "Socialism."



Social Democracy at best, it's about the fair treatment of workers.

http://www.businessweek.com/ap/financialnews/D9MONL0O0.htm

No surprise there, the Dept. of Labor and the NLRB's sole purpose is to protect unions.