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

[Frisco_Slug_Esq]

...all designed to address the fucked up immature thus mufti-faceted persona we know as RobDownSouth. Go find a child to pick on dummy.

No fair, that's usually MY child...

He took another shot at her just yesterday in a thread that did not deserve his filth.



I do note that the argument from the left has devolved into pure nastiness now that Obama has clearly failed.

 

[unregistered]

 

[Frisco_Slug_Esq]

The one comforting though in the articles I posted is BIG Obama backer, BP, cannot downsize because of all the trouble the two pals got into, so when he soaks BIG oil, they'll get another whammy...,






... ah, life UNDER the bus.
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

 

[JAMESBJOHNSON]

I did the math, and it looks to me like Obama had a good day yesterday. The national debt is now 17 Trillion. Maybe some of our GOP tea drinkers can explain to me how 17 is better than 14.5?

 

[Frisco_Slug_Esq]

I can't explain anything that is occurring in Washington DC now because it defies all logic and reason...

Bush and the Republicans were nasty big spenders, so we have to spend more and fix it, but let the Republicans now call for reducing spending and they are radicals and extremists...
__________________
“I always use the word extreme. That is what the caucus instructed me to use this week.”
Senator Chuck Schumer

 

[RightField]

No fair, that's usually MY child...

He took another shot at her just yesterday in a thread that did not deserve his filth.



I do note that the argument from the left has devolved into pure nastiness now that Obama has clearly failed.

Between the lying during the campaign (because to the libs - the ends justifies the means) and then the grand experiment in utopian libralism with dose of Special K (Keynes) that also failed miserably, do you think they're questioning their assumptions....

The "means" was downright dirty and untruthful (Patriot Act, Guantanamo, complaints about too much spending - that they put into place)

And the "ends" was a miserable failure too...they purported to help the poor by taking from the middle class and above and what they accomplished was an economic contraction that hurt the poor far more than their policies had meant to help. The golden goose is very sick now and we have to nurture it back to health with some proven-to-work Republican policies.

 

[Frisco_Slug_Esq]

I've developed short-cuts to the liberal argument:

A_J's corollary #1, “The New Age Liberal prefers intuition to reason.”

A_J's corollary #2, “The New Age Liberal prefers the truthiness of expert-driven consensus to a personal examination of the facts and the application of reason.”

A_J's corollary #2a, “In reading, the New Age Liberal prefers fiction to biography.”

A_J's corollary #3, “The New Age Liberal maintains contradictory positions comfortably compartmentalized. (This is because the New Age Liberal is a creature that believes in consensus as a short-cut to an examination of the facts and a reasoned judgment about said facts. Corollary #2.)”

A_J's corollary #4, “When cornered by the truth, the New Age Liberal resorts to ad hominem attacks. Admitting wrong is tantamount to treason to the Consensus.”

A_J's corollary #5, “When lacking reason and sound argument, the New Age Liberal charges headlong into ‘debate’ with emotional cries of Hypocrisy. The New Age Liberal is, of course, immune to and incapable of Hypocrisy. That would require hard and fast standards.”

A_J's corollary #6, “The New Age Liberal thinks, ‘When I do/say it, it is right because of my open-minded education and intelligence. When you do/say it, it serves to demonstrate how narrow-minded, poorly educated and stupid you are.’”

 

[MeeMie]

... and if you disagree with them, you're a terrorist... and a racist, no doubt.

 

[Frisco_Slug_Esq]

Don't forget "Tea Bagger!"

__________________
Contemporary leftists, on the other hand, view their opponents as people you send off to the Gulag, unworthy of any respect, deserving of any kind of low blow, no matter how foul. So you accuse Goldwater of insanity, slander Justice Thomas as a sexual monster, casually publish plays, books, and films calling for the assassination of President Bush, and assault the first serious Republican female candidate at her weakest point -- her family. And of course, you scream to high heaven if any form of turnabout occurs in your direction, as in the case of the Obama family, which was declared "off limits" early in the presidential campaign, at the same time that Palin's family was being stretched on the media rack.

This style of political loathing has become effectively innate. It has been systemized to such a degree as to become integral. Modern liberalism cannot do without it. An entire structure has been erected on the basis of political hatred, and from that structure a whole new strategy has arisen.
J.R. Dunn

“I used to think the left wing was the home of tolerance, open-mindedness, respect for all viewpoints…
But, now I’ve learned the truth the hard way.“
Juan Williams

 

[rosco rathbone]

I like this BR quote:

"I am not a Democrat because I have no idea what their economic policy is, and I am not a Republican because I know EXACTLY what their economic policy is"

 

[Frisco_Slug_Esq]

BR?



Who dat?

 

[Frisco_Slug_Esq]

Christopher Chantrill puts it well..

Never mind about the debt ceiling. Here's a more important question for you. How come after 235 years of modern economics we are stuck in a lackluster economic recovery from the worst business recession since the 1930s? On Friday the news came in that GDP growth was a mere 1.3 percent in the second quarter, and first-quarter growth was revised to 0.4 percent. How is that possible?

Weren't we told, over and over, that with modern economics we now knew how to moderate the business cycle? And weren't we told that, even if a recession should occur, we now had the tools to get out of it, pronto? So what went wrong?

The answer is as old as the hills. Knowledge is a two-edged sword. It can be used for good: economics gives us the tools to understand the ways of commerce and guide businesses and consumers to non-inflationary growth. Or it can be used to game the system: to pile up bigger debt and more ingenious subsidies so politicians can do a better job of plundering the economy and rewarding their supporters.

When Adam Smith came out with The Wealth of Nations, he advanced two startling notions. One notion was the "invisible hand," that businessmen following their selfish interests seemed to be guided into benefiting others in order to benefit themselves. The other notion was a critique of mercantilism, the eternal idea that a state got strong and powerful by exporting goods and piling up gold in its treasury. On the contrary, Smith argued, it was labor that increased wealth, not gold and silver. Then along came David Ricardo and "comparative advantage." He resolved the "make or buy" issue by arguing that we should only make what we are best at and buy the rest.

Notice what didn't happen next. Governments didn't say, OK, we get it. We'll stop protecting domestic industry; we'll stop worrying about exports; we'll stop worrying about a strong manufacturing sector. We will just write the laws to help labor do its thing and comparative advantage work its magic. Not a bit of it.

American Thinker

 

[JAMESBJOHNSON]

I like this BR quote:

"I am not a Democrat because I have no idea what their economic policy is, and I am not a Republican because I know EXACTLY what their economic policy is"

This is true. The Democrats make promises of what might be up their skirts, Republicans let you slip your hand up their legs.

 

[rosco rathbone]

BR?



Who dat?

Barry Ritholz, investor extraordinaire and financial blogger.

 

[Frisco_Slug_Esq]

Barry Ritholz, investor extraordinaire and financial blogger.

He's going to have to explain to me how the Democrats and Republicans differ at the National level economically...

I think they are all woefully ignorant as to what is transpiring with our polity of social justice and benefit nation.

 

[unregistered]

 

[Frisco_Slug_Esq]

Aware or not, they do understand the election cycle.

*KICK!* the can and everyone declare VICTORY!

 

[Frisco_Slug_Esq]

Futures fall on words of Obama's great victory!




Good news for U_D, we've hit the magic marker of 12,000 again!

Summer of recovery!

 

[Frisco_Slug_Esq]

Personal spending unexpectedly fell 0.2% in June from May, the first decline since September 2009. Personal income rose 0.1% in June from May, missing estimates of a 0.2% increase.

 

[unregistered]

 

[Frisco_Slug_Esq]

Every thing's alright, yes every thing's fine,
And Obama sleeps well at night...


Why waste your breath moaning at the crowd?
Nothing can be done to stop the shouting!
If every tongue were stilled the noise would still continue,
The rocks and stones themselves would start to sing!

OH! Bama hey bama, bama, bama, ho!
Bama hey bama OH! Bama!


Who dat?

See me! Hear me! Touch me! Fear me!

Right before you, I sell the slogan,
Gazing at you, I speak no truth,
Following me, you get excited,
Listening to me, you get so fearful...

I have got you, right where I want you!
I have got you, feeling with me,
I can take you, and make you follow,
I can take you, for all you're worth!

 

[Frisco_Slug_Esq]

In late April, I contended that America would become “Maxed Out” — i.e., that it would lose its ability to borrow or would only be able to do so at exorbitant interest rates — in about six years. It’s not unreasonable to believe that it’s now more like two or three. Friday’s GDP adjustments alone probably shaved off a year. The debt deal’s near-term savings are little more than a rounding error. Obama’s clear intent to not let anything get in the way of his regime of fear and fright is likely worth another two or three. His posture virtually ensures continued ratings agency skepticism, economic underachievement, anemic growth, lagging tax collections, and an unrelenting job-market nightmare until 2013 — possibly a few months earlier if the businesspeople, entrepreneurs, and investors who could be driving the economy but are currently, as Resorts International CEO Steve Wynn recently put it, “sitting on their thumbs” until Obama is gone, conclude that the next president will be a legitimate supporter of capitalism instead of its most diehard opponent.

Tom Blumer
http://pajamasmedia.com/blog/ceiling-our-fate/?singlepage=true

 

[JAMESBJOHNSON]

What happened in Washington is this: Your boss cut your work hours and Mastercard increased your card limit.

 

[koalabear]

After debt deal, economy in deeper peril


http://www.msnbc.msn.com/id/43976115/ns/business-eye_on_the_economy/

 

[koalabear]

Stocks slide despite House debt vote

http://money.msn.com/market-news/post.aspx?post=825c582a-b92b-4302-8e1c-0c096188f3a6&_nwpt=1