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

[unregistered]

 

[Frisco_Slug_Esq]

All hail the mob!

 

[MeeMie]

The agenda being pushed by Democrats in Washington is making it worse:

On jobs:

“Private-sector job growth slowed, and the unemployment rate ticked up for a second straight month, to 9.1%.”
“Our view: Focus on national debt, not another stimulus” USA Today


“President Obama has been talking for two and a half years about creating jobs, particularly family-wage manufacturing jobs. Really a president does not create manufacturing jobs. He creates policies that may encourage companies to create jobs — companies like Boeing, which has now had the creation of 1,000 jobs in South Carolina second-guessed by Obama’s National Labor Relations Board … In its complaint, the NLRB is attempting to reverse a U.S. investment by the nation’s No. 1 exporter 17 months after the company decided to make it — after the money has been spent, after the equipment is set up and after 1,000 workers have been hired.”
“NLRB complaint against Boeing needs critical look” Seattle Times


“When Obama signed the stimulus, the most recent unemployment statistics (for January 2009) showed a national unemployment rate of 7.8 percent. Obama’s economic advisers had predicted the stimulus would keep the national unemployment rate below 8 percent. Yet, today, the national unemployment rate is 9.1 percent.”
“28 Months Later, Obama Says: Recovery’s ‘Going to Take Time” CNS News


“The lowered growth rates and the weak 54,000 jobs created in May have many observers describing the current period as a ‘jobless recovery.’”
“Economists Say Recovery to Stay Sluggish” Politico



On debt:

“The national debt has increased from $10.4 trillion to $14.3 trillion since Obama took office in 2009.”
“Obama economy guru: Fiscal imbalance ‘not materially worse” The Hill

“When adding in all of the money owed to cover future liabilities in entitlement programs the US is actually in worse financial shape than Greece and other debt-laden European countries
“US Is in Even Worse Shape Financially Than Greece” CNBC




On economic recovery:

“‘We were able to, under President Obama’s leadership, turn this economy around,’ Wasserman-Schultz said. That may come as news to voters. In a recent CBS News poll, 79 percent said they thought the economy was bad, and isn’t going to get better anytime soon. Only 37 percent approve of how the President is handling it.”
“GOP’s economic focus may make Obama vulnerable” CBS News


“The policies of the Obama administration have led to the weak condition of the American economy. Growth during the coming year will be subpar at best, leaving high or rising levels of unemployment and underemployment.”
“The Economy is Worse Than You Think” Wall Street Journal

“By mid-2011, it was clear that Obama had done little to address the nation’s fundamental economic problems.”
“How will history judge Obama’s economic policy?” Washington Post

“A consensus is growing that President Obama’s economic policies are not getting us out of this mess, and never will.”
“Unemployment Rate Highlights Obama’s Failed Economic Policies” U.S. News

“In the United States, a rash of sluggish indicators — especially related to the job market, manufacturing, consumer confidence and home sales — has economists worried about a stalled recovery.”
“Stocks Plunge Amid Fears That Global Economy Is Slowing” New York Times



On home values:

“The road to economic recovery has developed some major potholes recently. First came housing data showing that prices had dropped to levels not seen since 2002.”
“Our view: Focus on national debt, not another stimulus” USA Today

“The Obama administration’s inability to stem the foreclosure crisis ricocheted dramatically on Friday, as the Labor Department released unexpectedly low job-growth numbers that pushed the unemployment rate back over 9 percent.”
“How Failed Obama Foreclosure Relief Plan Contributes to Jobs Crisis”

 

[unregistered]

 

[Frisco_Slug_Esq]

Their normal proclivity is to burn and loot, they have to be paid to vote.

And fling feces while hooting...

 

[MeeMie]

Comment:

The most significant number in that video is that 41% of the people approve of Obama’s handling of the economy.

How the heck do 41% in the video approve of:

• 2.5 million people losing their jobs since Obama was elected
• 2011 projected federal budget deficit at $1.5 Trillion
• Total national debt is over $14 Trillion
• Unemployment is over 9% across the board
• We’re now in 4 wars: Iraq, Afghanistan, Libya and Yemen
• The Democrats haven’t submitted a budge in over 750 days
• Gas is an average price of $3.80/gal
• Illegal immigration is out of control
• The real estate market has all but collapsed

This is a national disgrace, and 41% of the people approve of this?

This is a tribute to the decline of America that so many people approve of this horrendous disaster. Lets find some of these people. I’d like to hear some of them explain why they approve of this!


He should come to Literotica and listen to some of our loonies.

 

[Frisco_Slug_Esq]

It just shows that 41% are going to vote Democrat no matter what happens.

 

[unregistered]

 

[unregistered]

 

[Frisco_Slug_Esq]

Why are you on the side of the Terrorists?





Because you want Obama to fail?

 

[unregistered]

 

[Frisco_Slug_Esq]

Nothing like a federal employee snooping around the neighborhood spying on people.

The scary thing is how many government agencies now have SWAT teams...

Somewhat of an SS (ACORN-types being the SA).

 

[Frisco_Slug_Esq]

Our Moral Dilemma
Walter E. Williams
Townhall.com

Most of our nation's problems are a direct result of our being immune, hostile or indifferent to several moral questions. Let's start out with the simple and move to the more complex. Or, stated another way, let's begin with questions that generate the least hostility, moving to those that generate the greatest.

If a person benefits from a hamburger, a suit of clothing, an apartment or an education, who should be forced to pay for it? I believe the question has only one moral answer, namely the person who benefits from a good or service should be forced to pay for it, that's if we wish to distinguish ourselves from thieves who only care about enjoying something and who pays is irrelevant.

Aside from the moral question is the economic efficiency question. If the user of something isn't paying, it's a good chance that he'll overuse and waste it. Our country's problem is that too many Americans want to benefit from things for which they expect other Americans to be taxed.

A related moral question is: Does one American have a moral right to live at the expense of another American? To be more explicit, should Congress, through its taxing authority, give the Bank of America, Citibank, Archer Daniels Midland, farmers, dairymen, college students and poor people the right to live off of the earnings of another American? I'm guessing that only a few Americans would agree with my answer: No one should be forcibly used to serve the purposes of another American.

You might say, "Williams, if Congress makes it a law, then you should submit to being used to serve the purposes of others."

Such a vision introduces the next moral question, namely under what conditions is it moral to initiate force and threats of force against a person who himself has not initiated force or threats against another? Before that question can be answered, you might ask for a bit more specificity that has an important bearing on the answer, namely are we talking about a free or a non-free society?

In a free society, there's no moral case that can be made for the initiation of force against one who hasn't himself initiated force against another. But that's a societal ideal that might be beyond our reach here on Earth. After all, we have delegated certain rights to government to provide certain services, as enumerated in the U.S. Constitution, particularly as specified in Article I, Section 8 of the document. Each American is duty-bound to pay his share.

So a case can be made for the initiation of force against one who refuses to pay his share of those expenses. If an American says that he'll pay his share of those constitutionally mandated functions of the federal government but refuses to give up his earnings to be used for handouts to the Bank of America, Citibank, Archer Daniels Midland, farmers, dairymen, college students and poor people, should some kind of force be initiated against him?

I am all too afraid that most of my fellow Americans would answer, "Yes, some kind of force, fines or imprisonment should be initiated against a person who refuses to give up his earnings for the use of another." Their only source of disagreement would be just who had the rights to another's earnings.

Some would argue that farmers and dairymen don't have a right to another's earnings, but students and poor people do. Others would argue the opposite.

French economist Frederic Bastiat (1801-1850) said, "Government is the great fiction through which everybody endeavors to live at the expense of everybody else." That endeavor has plagued mankind throughout his history and has now reached a crisis stage in Western Europe and the United States, and the prospects for reversing it don't appear to be promising.

__________________
"When plunder becomes a way of life for a group of men living together in society, they create for themselves in the course of time a legal system that authorizes it and a moral code that justifies it."
Frederic Bastiat

 

[busybody..]

does ANYONE but me find it ironic

how those that bash teh FAT CATS on WALL STREET etc etc


brag about teh market as an indicator on how the NIGGER economy is doing so well

 

[trysail]

Un-fricken-believable. What a godawful mess! The 5-year Treasury yield-to-maturity at 1.69% is now ( quite literally ) HALF the last year's CPI-measured inflation of 3.6%.

12-month rate of change of the Consumer Price Index &
Yield To Maturity of constant maturity 5-Year U.S. Treasury note:

http://research.stlouisfed.org/fredgraph.png?g=QB​

It's quite simple: you save, you lose.

The Federal funds rate is way below the last 12 months CPI-measured
rate of inflation. There's no other way to put it— the government
is stealing from you.
http://research.stlouisfed.org/fredgraph.png?g=PE

http://bloomberg.econoday.com/showimage.asp?imageid=20958

​

 

[koalabear]

Stocks sink on weak economic data

Consumer prices rise. Manufacturing in the New York region plunges. Hombuilder sentiment fell sharply in June. Pandora Media surges on the company's first day of trading. Global markets pull back.


http://money.msn.com/market-news/post.aspx?post=71061aa1-924c-46eb-89ac-44773b61cfd8

 

[busybody..]

Only you LOSER NIGGERS can protect teh NIGGER! Get off the plantation

The chief spokesCUNT for teh DNC, teh HIDEOUS Wasserman Shitz

just said

"WE OWN THE ECONOMY"


UNEXPECTEDLY! “Confidence among U.S. homebuilders slumped in June to the lowest level in nine months as executives turned more pessimistic on the outlook for sales, a sign that any pickup will take time to develop. The National Association of Home Builders/Wells Fargo sentiment index unexpectedly fell to 13 from 16 in May, the biggest drop in a year, data from the Washington-based group showed today.”

UPDATE: Related: Inflation rises to highest level in 3 years, key manufacturing index goes negative. Stagflation? Yes we can!

Also: Report: More small businesses plan to reduce jobs.

 

[busybody..]

Stocks sink on weak economic data

Consumer prices rise. Manufacturing in the New York region plunges. Hombuilder sentiment fell sharply in June. Pandora Media surges on the company's first day of trading. Global markets pull back.


http://money.msn.com/market-news/post.aspx?post=71061aa1-924c-46eb-89ac-44773b61cfd8

lies

put out there by RACISTS and OTHER bad folks

I know

The NIGGERS say so

 

[koalabear]

lies

put out there by RACISTS and OTHER bad folks

I know

The NIGGERS say so

Updated: 06/15/2011 01:41 ET
DOW 11,890.19 -185.92

 

[busybody..]

Dow and Jones

2 WHITE MEN who hate THE BLACK man and want to keep him DOWN

 

[koalabear]

Dow and Jones

2 WHITE MEN who hate THE BLACK man and want to keep him DOWN

I thought that was Standard and Poor's.

 

[busybody..]

I thought that was Standard and Poor's.

they are RACISTS and HOMOPHOBES and MYSOGINISTS

 

[koalabear]

they are RACISTS and HOMOPHOBES and MYSOGINISTS

I better not even mention NASDAQ then!

 

[busybody..]

all teh above

and

IslamaPHOBES!

 

[busybody..]

the NIGGER is exposed for what he is

A NIGGER


A Curious Insularity

June 15, 2011 1:49 P.M. By Victor Davis Hanson
In the world of Barack Obama, inflating tires and “tuning up” modern car engines precludes off-shore drilling. Four-dollar-a-gallon gas prices can be ameliorated by having the average consumer trade in his 8-mpg clunker. Medical bills soar because doctors unnecessarily rip out tonsils and lop off limbs. “Skyrocketing” power bills and bankrupt coal companies are abstractions, and do not involve personal tragedies. One third of the border fenced means that the fence is “basically” completed. Nine percent unemployment is due in part to automation like ATMs, which apparently first came on the scene during the Obama administration to eliminate jobs. Shovel-ready jobs were not so shovel-ready. Criticism is dismissed as “enemies” deserving “punishment” or opponents relegated to the “back seat” or adversaries caricatured with “moats and alligators.” And so on.

Two themes predominate: a cluelessness about how things work outside the Ivy League–Chicago–D.C. political nexus, and a sense that nothing is ever Barack Obama’s fault. In that regard, he has two legitimate mea culpas: One, Obama has never run a business, spent any considerable time off the public payroll or outside of politics, or spent any time with those who were once characterized as “clingers,” and thus cannot be expected to know much about how cars work, doctors are paid, illegal immigrants cross the border, or the basics of economics. Intelligence and achievement are instead measured solely in terms of what universities or the elite media decide. Second, at no point in his past soaring cursus honorum (Occidental, Columbia, Harvard Law Review, Chicago Law School, Chicago politics and organizing, the U.S. Senate) did anyone hold him to account, as in saying, “First, let us see exactly what you achieved that might justify yet another honor or promotion” — as in a stellar GPA, high LSAT score, brilliant law-review essay, a seminal tenure-winning book on the law, an award-winning law course, a landmark new community-organizing program, or a hallmark piece of senatorial legislation.

Therefore, it is not surprising that Obama (a) continues to say some rather strange things that seem naive and out of touch with the lives of average Americans to the point of absurdity, and (b) seems miffed that anyone might for the first time in his life dare to scrutinize his record, and collate what he said in 2008 and early 2009 with the reality of what has actually transpired by mid-2011.

I think a majority of Americans have now come to the above conclusions (as evidenced in the 2010 midterm election), and those in business, from the small entrepreneur to the captain of industry, have decided that it is wisest to sit out what is left of this administration, and wait to hire, buy, invest, and expand until someone at the top shows a basic knowledge of finance and economics, and some sympathy concerning what those in the private sector must contend with.