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

[Frisco_Slug_Esq]

I'm short on July wheat.

It's been plowed over for corn and soybean, we'll need energy from SOMETHING other than that ol' black magic...

Barack the Magic Negro Lyrics

[voice=Al Sharpton][tone=megaphone][tune=Puff, the Magic Dragon]

Barack the Magic Negro lives in D.C.
The L.A. Times, they called him that
'Cause he's not authentic like me.
Yeah, the guy from the L.A. paper
Said he makes guilty whites feel good
They'll vote for him, and not for me
'Cause he's not from the hood.

See, real black men, like Snoop Dog,
Or me, or Farrakhan
Have talked the talk, and walked the walk.
Not come in late and won!

Oh, Barack the Magic Negro, lives in D.C.
The L.A. Times, they called him that
'Cause he's black, but not authentically.
Oh, Barack the Magic Negro, lives in D.C.
The L.A. Times, they called him that
'Cause he's black, but not authentically.

Some say Barack's "articulate"
And bright and new and "clean."
The media sure loves this guy,
A white interloper's dream!
But, when you vote for president,
Watch out, and don't be fooled!
Don't vote the Magic Negro in ...
'Cause ... [/tune]

Cause I won't have nothing after all these years of sacrifice
And I won't get justice. This is about justice. This isn't about me, it's about justice.
It's about buffet. I don't have no buffet and there won't be any church contributions,
And there'll be no cash in the collection plate.
There ain't gonna be no cash money, no walkin' around money, no phoning money.
Now, Barack's going to come in here and ........

*squelch* [/tone][/voice]

 

[Frisco_Slug_Esq]

Whaddaya think guys?




We gonna hit that magic 10,000 today proving the out-of-control spending worked?

I mean, not like it worked for Bush...

 

[unregistered]

 

[unregistered]

 

[Frisco_Slug_Esq]

DOW Futures are showing a 179 point opening to the upside, but will it last?

Of course it will!



The oil moratorium is the best news we've had since China decided that the dollar and the Euro were equally worthless!

As long as they own it all. They're used to working with useless paper (rmb)...

 

[Frisco_Slug_Esq]

Yeah, he's pirouetted through the West Wing once too often...

... or he shows up naked in Gibbs' shower...

 

[Frisco_Slug_Esq]

Given the choice between retaining power in the short term or doing what's right for America, which would you choose? Most Americans, I believe, would be willing to sacrifice a great deal for their country, and this willingness to sacrifice has always been the great pillar of American democracy. Unfortunately, there is no fondness for sacrifice in Washington these days, especially among the Democratic leadership and its supporters.

The irresponsibility of the left is on display daily as one piece of self-serving legislation follows another. The latest example comes in the form of the American Jobs and Closing Tax Loopholes Act of 2010. Sponsored by Rep. Sander Levin of Michigan -- a state certainly in need of jobs, if not of loophole-closing -- the bill is one more exercise in political cynicism on the part of the most cynical Congress in history. Coming just five months before the all-important November elections, the bill is a blatant exercise in vote-buying paid for with money we don't have. But since the Democrats have added $1.75 trillion to the national debt in 2009 alone, what's another $190 billion tacked onto the national debt? Especially since its intent is to energize the liberal base (and quiet the unease of a 9.9% unemployment rate) by transferring another $2,000 to every adult Obama-supporter -- and this on top of the $787-billion stimulus of 2009 and the $410-billion omnibus spending bill that followed shortly after. Given the choice of ruinous spending versus short-term political gain, the left always chooses political gain.


As unemployment continues to rise toward 10%, it should be obvious that the earlier rounds of stimulus spending have not been effective, and they have not been effective because they were not designed to be. Rather, they were designed in the most cunning fashion for the sole purpose of securing power. How else could one explain unemployment rates that are now on average nearly twice what they were under George W. Bush? Surely the combined brainpower of Larry Summers, Paul Volcker, and Timothy Geithner, if not the singular brainpower of their boss, could have designed a fiscal policy that would have stimulated private-sector job growth -- for example, by lowering corporate taxes and eliminating regulation. Instead, Obama's policies have been consistently anti-business and anti-growth, and Volcker's promotion of a European-style value-added tax is simply another backdoor tax on growth. When you seize business profits in the way Obama has been doing, do you really expect to see businesses investing in new jobs and plants?

Far from stimulating growth, the Levin stimulus bill increases taxes on business (though over three-fourths of the bill is "funded" by further deficits). Long ago, the Democratic Party decided that the way to win elections was through promotion of special interests at the expense of the public at large. The general public will suffer the effects of deficit spending and unprecedented debt. The public will also pay in the form of higher prices for increased unionization and government regulation, much of which is little more than a legalistic shakedown designed to enlarge the lucrative revolving-door trade between government bureaucrats and corporate legal defense teams.

The provisions of the latest stimulus bill demonstrate just how corrupt the Democratic leadership has become. What is $65 billion in Medicare physician payment doing in a so-called stimulus bill? It is there so Democrats can hide the true cost of Obamacare from the public, who will end up paying for it. What are further billions in handouts to minority farmers and welfare payments doing in a bill that is supposed to create jobs? And since when does the government distinguish between minority and non-minority farmers? What's next? Minority and non-minority physicians? Well actually, that's already in the health care bill.

The only provision in the American Jobs bill directly tied to job-creation is one billion for "summer jobs," but these jobs, it turns out, are hardly jobs at all. They are essentially internships for low-income youths in government and the non-profit sector, not in the private sector, where these kids might conceivably learn something about work.

But then, the point of the American Jobs bill is not to promote private-sector employment; the point is to shift more and more Americans from private-sector employment into dependence on government make-work and welfare. Aside from the stealth Medicare reimbursement increase, the American Jobs bill is designed entirely for the purpose of silencing a restive Democratic base until after the fall elections, after which the extended benefits will run out and there will still not be enough jobs in the private sector to bring about normal levels of employment.

Dr. Jeffrey Folks
American Thinker

__________________

"Why are you here?"

"To get some money."

"What kind of money?"

"Obama money."

"Where's it coming from?

"Obama."

"And where did Obama get it?"

"I don't know... his stash, I don't know. I don't know where he got it from, but he's givin' it t'us to help us. We love him. That's why we voted for him... Obama! Obama!"

 

[unregistered]

 

[Ulaven_Demorte]

Here we are, nine months later, and the usual suspects are still actively rooting for the economy to fail. Their collective panties getting moist every time they see a hint of a downturn.

Maybe tomorrow the world will end.

Nine months, and yet, the economy hasn't collapsed.. the world as we know it has not ended.. Despite the protestations of the "right", we
re still recovering.

 

[koalabear]

Here we are, nine months later, and the usual suspects are still actively rooting for the economy to fail. Their collective panties getting moist every time they see a hint of a downturn.

Maybe tomorrow the world will end.

Nine months, and yet, the economy hasn't collapsed.. the world as we know it has not ended.. Despite the protestations of the "right", we
re still recovering.

No edit, so who/what is re ?

RE may mean:

* RE (complexity), the set of recursively enumerable languages
* RE (automobile), a defunct Rhodesian racecar constructor
* RE (e-mail), "in reference to" in e-mail, letter, memorandum, court case title, etc. (cf. re)
* The IATA code for Aer Arann, an Irish regional airline
* Rare earth, a type of chemical elements
* Real estate
* Realencyclopädie der Classischen Altertumswissenschaft
* Recursively enumerable set
* Regular expression, in computer science, a string that describes or matches a set of strings, according to certain syntax rules
* Relative effectiveness factor, a measurement of an explosive's power
* Religious Education
* Renewable Energy
* Reproductive endocrinologist
* Resident Evil (series), a franchise of horror-adventure video games, developed by Capcom
* Racing Evoluzione,2003 video game
* Réunion, ISO 3166 digram and FIPS PUB 10-4 territory code
* Reverse engineering, the process of taking something (a device, an electrical component, a software program, etc.) apart and analyzing its workings in detail
* Requirements engineering during the development of computer programs
* Rock-Eval, a standardized pyrolysis apparatus designed at the French Institute of Petroleum (IFP) to assess the oil potential of a sedimentary rock
* Royal Engineers, a corps of the British Army
* Royal Society of Painter-Etchers and Engravers, since 1991 the Royal Society of Painter-Printmakers

Re may mean:

* Words:
o Giovanni Battista Re, an Italian cardinal
o Rê, ancient Egyptian god/deity Ra
o Re (album), by the Mexican band Café Tacuba
o Re (Les Rita Mitsouko album), a remix album by French duo Les Rita Mitsouko
o Re, Norway, a municipality
o Re (VB), a village in the Italian province of Verbano Cusio Ossola
o Reinsurance, as in Swiss Re or Fortress Re
o The second pitch of the solfege scale, corresponding to the note 'D'
o Île de Ré, an island off the Charente-Maritime département of France
o A romanization of the Japanese kana れ and レ
o Re (exclamation), in Greek
o Re, 'in the matter of...'; see the list of Latin phrases and In re
o Re di Anfo, a torrent (a seasonal stream) in the Province of Brescia
o Re di Gianico, a torrent in the Valle Camonica
o Re di Niardo, a torrent in the Valle Camonica
o Re di Sellero, a torrent in the Valle Camonica
o Re di Tredenus, a torrent in the Valle Camonica
* Abbreviations of single words:
o Re{z} or \Re: the real part in mathematics
o Reynolds number, in physics
o Réaumur scale degree (°Ré)
o Rhenium, the chemical symbol for the element
o Rupee, a currency

re, capitalized or not, may mean:

* Réunion, .re being its Internet country code top-level domain (ccTLD)
* Re:, a musical duo based in Canada and US
* re, a word meaning "regarding, with reference to".
* Cayetano Ré

 

[IrezumiKiss]

http://absurdtosublime.files.wordpress.com/2009/05/danielle-thumb.jpg

Real Housewives' Danielle Hooked Up With Prince, Don Johnson

Today, NJ Housewife Danielle was on The Wendy Williams Show promoting her autobiography The Naked Truth—released this week—and dished on (some of) her celebrity hookups, namely, Prince and Don Johnson.

Despite the title of the book, it's difficult to tell how factual her stories are. Earlier in the show, she told Wendy that her mother—who was from a wealthy family in Italy—was 15 when she became pregnant with Danielle, and was forced to move to Pennsylvania to have the child, where she gave it up for adoption. Something about that story just doesn't make sense. (Why Pennsylvania? Why not a convent in some remote Italian village?) And like Judge Judy says, if it doesn't make sense, it's not true.

http://jezebel.com/5549232/real-housewives-danielle-staub-hooked-up-with-prince-don-johnson

 

[Ulaven_Demorte]

No edit, so who/what is re ?

Poor little bear, nothing to add so just pick apart typos.

 

[koalabear]

Poor little bear, nothing to add so just pick apart typos.

I like your Special Olympic threads/posts Ultimate_Dumbass. You think you are a winner, but in the end you are still a retard.

 

[mercury14]

I like your Special Olympic threads/posts Ultimate_Dumbass. You think you are a winner, but in the end you are still a retard.

You have an extra chromosome, don't you?

 

[unregistered]

 

[Frisco_Slug_Esq]

Whistling Dixie are we...

Here we are, nine months later, and the usual suspects are still actively rooting for the economy to fail. Their collective panties getting moist every time they see a hint of a downturn.

Maybe tomorrow the world will end.

Nine months, and yet, the economy hasn't collapsed.. the world as we know it has not ended.. Despite the protestations of the "right", we
re still recovering.

We're not rooting for it to fail. It has. The world has we know it HAS ended.

You, as the defender of the far Left seem to be in denial.

The M3 figures - which include broad range of bank accounts and are tracked by British and European monetarists for warning signals about the direction of the US economy a year or so in advance - began shrinking last summer. The pace has since quickened.

The stock of money fell from $14.2 trillion to $13.9 trillion in the three months to April, amounting to an annual rate of contraction of 9.6pc. The assets of insitutional money market funds fell at a 37pc rate, the sharpest drop ever.

"It’s frightening," said Professor Tim Congdon from International Monetary Research. "The plunge in M3 has no precedent since the Great Depression. The dominant reason for this is that regulators across the world are pressing banks to raise capital asset ratios and to shrink their risk assets. This is why the US is not recovering properly," he said.

The US authorities have an entirely different explanation for the failure of stimulus measures to gain full traction. They are opting instead for yet further doses of Keynesian spending, despite warnings from the IMF that the gross public debt of the US will reach 97pc of GDP next year and 110pc by 2015.

Larry Summers, President Barack Obama’s top economic adviser, has asked Congress to "grit its teeth" and approve a fresh fiscal boost of $200bn to keep growth on track. "We are nearly 8m jobs short of normal employment. For millions of Americans the economic emergency grinds on," he said.

David Rosenberg from Gluskin Sheff said the White House appears to have reversed course just weeks after Mr Obama vowed to rein in a budget deficit of $1.5 trillion (9.4pc of GDP) this year and set up a commission to target cuts. "You truly cannot make this stuff up. The US governnment is freaked out about the prospect of a double-dip," he said.

...

Mr Congdon said the Obama policy risks repeating the strategic errors of Japan, which pushed debt to dangerously high levels with one fiscal boost after another during its Lost Decade, instead of resorting to full-blown "Friedmanite" monetary stimulus.

"Fiscal policy does not work. The US has just tried the biggest fiscal experiment in history and it has failed. What matters is the quantity of money and in extremis that can be increased easily by quantititave easing. If the Fed doesn’t act, a double-dip recession is a virtual certainty," he said.

Mr Congdon said the dominant voices in US policy-making - Nobel laureates Paul Krugman and Joe Stiglitz, as well as Mr Summers and Fed chair Ben Bernanke - are all Keynesians of different stripes who "despise traditional monetary theory and have a religious aversion to any mention of the quantity of money". The great opus by Milton Friedman and Anna Schwartz - The Monetary History of the United States - has been left to gather dust.

Mr Bernanke no longer pays attention to the M3 data. The bank stopped publishing the data five years ago, deeming it too erratic to be of much use.

This may have been a serious error since double-digit growth of M3 during the US housing bubble gave clear warnings that the boom was out of control. The sudden slowdown in M3 in early to mid-2008 - just as the Fed talked of raising rates - gave a second warning that the economy was about to go into a nosedive.

Mr Bernanke built his academic reputation on the study of the credit mechanism. This model offers a radically different theory for how the financial system works. While so-called "creditism" has become the new orthodoxy in US central banking, it has not yet been tested over time and may yet prove to be a misadventure.

Paul Ashworth at Capital Economics said the decline in M3 is worrying and points to a growing risk of deflation. "Core inflation is already the lowest since 1966, so we don’t have much margin for error here. Deflation becomes a threat if it goes on long enough to become entrenched," he said.

We told you long ago that the double-dip, deflation and then inflation are coming under the Obama Geitner administration.

The are no better on this issue than they are on energy (another one of Obama's Harvard cronies just quit because reality intruded into her ivory tower fantasy of "fixing" government) or foreign policy (where our enemies get more respect than our allies).

http://www.telegraph.co.uk/finance/...-1930s-pace-as-Obama-eyes-fresh-stimulus.html

 

[Frisco_Slug_Esq]

__________________
"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
John Maynard Keynes

 

[unregistered]

 

[Frisco_Slug_Esq]

What was it U_D said so many pages back?

SHOW ME DA INFLATION!​

I guess he just doesn't watch Congress; just closes his eyes and wishes...
__________________
"The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy."
Milton Friedman

 

[Frisco_Slug_Esq]

Oh yeah, let's give Obama his props!




Halting all that drilling, including existing drilling, is going to be a BIG BOON for the economy...


Man, talk about green job creation! That should get just the sort of economy he's been desiring FOR YEARS!
__________________
When I was asked earlier about, uh, the issue of coal. Uhhh, y'know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket....
We would put a cap-and-trade system in place, eh, that is as aggressive, if not more aggressive, than anybody else's out there. So if somebody wants to build a coal-powered plant, they can. It's just that it will bankrupt them because they're gonna be charged a huge sum for all that, uh, greenhouse gas that's being emitted.

Barack Hussein Obama
Editorial board meeting, San Francisco Chronicle
January 2008

 

[unregistered]

 

[unregistered]

 

[Frisco_Slug_Esq]

I love Stossel, but Spain has already copped its mea culpa on the lunacy of a green economy...




Ahnold too in fits and starts; he admits it and then goes home and Maria gets his mind Wright again.

 

[unregistered]

 

[Frisco_Slug_Esq]

They killed **** to replace her with Gaia...