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

[NeverEndingMe]

I've always found the ratio of men to women in soup kitchens similar to the ratio of men to women on Lit.

why do you chose to be lazy and go to soup kitchen?

 

[NeverEndingMe]

well, how long before obama blames recession II on Bush?

this week the obama blamed it on congress. we need more government borrowing, we must add another $50,000 of debt per American and $100,000 of debt per non legal citizen. this is our only solution

only by adding more debt and raising the debt ceiling will we find the true way

government isn't like real life, there is no limit to the spending limit on the tax payer credit card!

why not give each new child a debt card of them owing uncle obama $200,000?
this is the only solution

 

[TexasWife25]

only by adding more debt and raising the debt ceiling will we find the true way

government isn't like real life, there is no limit to the spending limit on the tax payer credit card!

why not give each new child a debt card of them owing uncle obama $200,000?
this is the only solution

Its times like this, where you quote yourself that I'm almost sure youre a bot.

 

[NeverEndingMe]

Its times like this, where you quote yourself that I'm almost sure youre a bot.

in order to educate the GB people, I have to quote myself

time for you to stop drinking the obama snake oil

 

[4est_4est_Gump]

In a lot of ways the Republicans are just as worthless as the Democrats, especially the go along to get along RINOs.
However, the booming good times that started with Reagan and continued to September 2008 wasn't an accident.
The Democrats, meanwhile, are stuck with a game plan that looks like Western Europe: Slow, almost stagnant growth, high unemployment, and a huge portion of the working age group on unemployment or disability.

Indeed. The only thing lacking is for the Democrat Party to come out of the closet and admit that they admire Socialism; not so much Capitalism.

 

[4est_4est_Gump]

Saying there is no poor in the US, simply shows that you need to get out more.

Go volunteer at a soup kitchen, or your local YMCA. Hand out toys for tots at Christmas. No, you can't conpare poor in a third world nation to poor here in that fashion, just like you can't conpare wealthly in those terms. However I suspect you know that

I've done all of that and done some international traveling.

If you compare our poor to our rich, then you have a point but it is when you compare our poor to the world's poor that you are beginning to stand on shaky ground...

 

[4est_4est_Gump]

There is a big diffrence in saying we need welfare reform, and suggesting everyone who's poor are simply mooching off the state.

They are partaking of the largess of the Treasury, a largess gained not by the desire to do good works, but the desire to legal plunder engendered by a false morality; that my neighbor's need (human rights) overrules my natural rights to property and liberty.

"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."
Frédéric Bastiat

When under the pretext of fraternity, the legal code imposes mutual sacrifices on the citizens, human nature is not thereby abrogated. Everyone will then direct his efforts toward contributing little to, and taking much from, the common fund of sacrifices. Now, is it the most unfortunate who gains from this struggle? Certainly not, but rather the most influential and calculating.
Frédéric Bastiat

 

[busybody..]

Fendy

Blah blah etc

You blab

My

Sig

Says it al

 

[4est_4est_Gump]

I scrolled right over it.



One idea a day is just about right.

 

[busybody..]

Yup

Fendy

Can't

Handle

More

Than

Juan

 

[4est_4est_Gump]

Which world market is collapsing?

Dow -.08% 13,026
NASDAQ +.17%
S&P: +.15%

Is that "another" observation that's playing out? This is the kind of prediction you're choosing to hang your hat on?

*chuckle*

 

[4est_4est_Gump]

We know who cannot handle the truth...


Wonder how much he lost?


Of course, he will say he MADE money, money...





Me? I'm doing fine: post #14961

 

[4est_4est_Gump]

Echoes of A_J past...

Even worse is the news that hours worked declined slightly, hourly earnings were up only 0.1%, and hourly earnings on a year to year basis are up a meager 1.7%. All of this means that income growth after inflation is stagnant.

On Friday the White House blamed the third slowdown of its four-year term on Republicans for blocking the President's policies, but what policies are they talking about? In his first two years in office, Democrats gave Mr. Obama everything he wanted, save for cap and trade and union card-check, which would have done even more harm to job creation. They passed stimulus, ObamaCare, multiple housing bailouts, Dodd-Frank and more.

Even after Republicans took the House, they gave Mr. Obama the payroll tax holiday he demanded first for 2011 and again for 2012. Far from some new fiscal "austerity," overall federal spending hasn't declined. Meanwhile, the Federal Reserve has delivered monetary stimulus after stimulus—QE I, QE II, Operation Twist, and 42 months of near-zero interest rates with the promise of 30 months more.

Mr. Obama has had the freest run of policy of any President since LBJ. So maybe the problem is the policies.

Maybe Milton Friedman was right that "temporary, targeted" tax cuts don't change the incentives to invest or hire because people aren't stupid. Maybe each $1 of new federal spending doesn't produce a "multiplier" of 1.5 times that in added output. Maybe the historic burst of regulation of the last three years has harmed business confidence and job creation. And maybe the uncertainty that comes from helter-skelter fiscal and monetary policy has dampened the animal spirits needed for a durable expansion.

On Friday, the same architects who designed this economy built to stall were calling for one more rescue by the Fed. And gold jumped more than $60 an ounce, suggesting that markets believe that Chairman Ben Bernanke will oblige with some version of QE III. But the lesson of the last four years is that easier money can provide at most a temporary reprieve from otherwise rotten policies. Markets rally for a time, but then they fade when the money-fix is withdrawn.

Far more constructive would be a bipartisan attempt to remove the tax cliff that the economy is rolling toward in January 2013. One of the biggest fears among investors and businesses is that tax rates on capital gains, dividends and personal income are all scheduled to go way up at the same time.

This is an entirely artificial crisis created by the mantra of "temporary, targeted" tax cuts, combined with Mr. Obama's campaign strategy to run against high-income earners with his Buffett rule and attacks on bankers and Bain Capital. If Mr. Obama wants a better chance at re-election, and especially with troubles in Europe and China, he'll call off the class war and call for no change in taxes for at least another two years until there is a larger tax reform. He'd find he'd get little resistance from Republicans.

http://online.wsj.com/article/SB10001424052702303552104577440342850277660.html?mod=rss_opinion_main

Stagnation, horizontal economy, Lost Decade, Grecian Formula...

 

[4est_4est_Gump]

Forget Grexit. Greece’s teeny, tiny economy is a footnote now. As is Ireland’s decision – which seemed more like a sigh of resignation than a plebiscite – to engage in however much self-flagellation the EU gods insist on, for however long it takes. What might have seemed dramatic a week or so ago has now shrivelled in importance by comparison to the realistic possibility of a spectacular crash in the fourth largest economy in the EU. Spexit (and Spanic) are lodged in the lexicon, and have become part of the psychological reality that moves markets. The equivalent of more than £55 billion was withdrawn and transported out of Spain last month – and that was before the country’s largest bank was nationalised. No one seems to be kidding himself that the collapse of the Spanish economy could be somehow weathered and overcome, as the default of Greece might be.

There is no talk of firewalls, or of simply letting Spain go, or of the European banking system being re-capitalised to compensate for the losses that it would suffer. Nope. This is it. The cancer has now spread to the vital organs of the EU. Spain is not a peripheral Mediterranean country. It is not an insignificant player in the political project. It is not a marginal going-along-for-the-ride-and-the-free-money passenger on the euro train. Not only is its economy so large as to be indispensable, but its ties with Italy mean that the Italian economy (which is the third largest in the EU) would be fatally compromised by its fall. “Itexit” is almost unpronounceable, so perhaps it’s fortunate that it will never be required: after Spexit, there would be nothing left to exit from.

With Spain’s “total emergency”, the point at which denial and bluster become absurd has been well and truly reached, but this being the EU, the gamesmanship goes on. Still the pointless demands for “decisive action” continue, even though the only action that would possibly constitute a remedy is politically untenable if member states are to maintain any pretence of democratic accountability.

http://www.telegraph.co.uk/finance/...n-total-emergency-the-EU-in-total-denial.html

Meanwhile Robert Reich is calling for economic "fairness," but, he's not a Socialist...

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/06/03/INTF1OOVJI.DTL&type=printable

 

[richard_daily]

Books, not blogs.

 

[TexasWife25]

They are partaking of the largess of the Treasury, a largess gained not by the desire to do good works, but the desire to legal plunder engendered by a false morality; that my neighbor's need (human rights) overrules my natural rights to property and liberty.

I think this helps shed a light on your point of view. I come from a world where the people who take advantage of the system are minimal compared to the people who genuinely need the assistance. Clearly, not your world.

 

[4est_4est_Gump]

Books, not blogs.

The problem with discussing my economic readings are that none of you read books.

 

[Beco]

I think this helps shed a light on your point of view. I come from a world where the people who take advantage of the system are minimal compared to the people who genuinely need the assistance. Clearly, not your world.

What world is that?

 

[4est_4est_Gump]

I think this helps shed a light on your point of view. I come from a world where the people who take advantage of the system are minimal compared to the people who genuinely need the assistance. Clearly, not your world.

No, it's the same world.

The difference is projection and perception.

It's not so much that they are "taking advantage of the system" but that they are being encouraged to participate in the system by a moving definition of poverty based on an ever expansive, but politically useful, social state while being offered up several sophism to prevent their feeling guilty about having hands out for handouts, the one most recently being visible, for example, is the absolute nobility being attached to the benefit class because their spending, from the treasury, is stimulative to the economy, which it may be, but it pales in comparison to the activity lost in the plunder of the Capital from the productive class which then becomes a self-feeding cycle in which jobs will not be created, so more benefits are demanded in order to stimulate growth, but in reality, it is a theft from the present and the future that only increases need via stagnation...

You loot the private sector, strip every dollar of 40¢ for overhead, and then give the other 60¢ to your political base in order to revitalize the looted.

What's not to like about that plan?
A_J, the Stupid

... under the name of the state the citizens taken collectively are considered as a real being, having its own life, its own wealth, independently of the lives and the wealth of the citizens themselves; and then each addresses this fictitious being, some to obtain from it education, others employment, others credit, others food, etc., etc. Now the state can give nothing to the citizens that it has not first taken from them.
Frédéric Bastiat

 

[TexasWife25]

What world is that?

the real one.

 

[Byron In Exile]

No, it's the same world.

The difference is projection and perception.

She was correct.

Since when did you succumb to relativism?

Now you're saying, "perceive things as I do, and all will become clear."

 

[4est_4est_Gump]

She was correct.

Since when did you succumb to relativism?

Now you're saying, "perceive things as I do, and all will become clear."

She saying, no one is abusing the system.

I am saying the system is abusing everyone.

Almost equally. We have discovered the path to "fairness."



That's Objectivism Doll! (It is very much possible that she projects herself into their shoes and wants to ensure that handouts will be there for herself.)

 

[richard_daily]

She saying, no one is abusing the system.

I am saying the system is abusing everyone.

Almost equally. We have discovered the path to "fairness."



That's Objectivism Doll! (It is very much possible that she projects herself into their shoes and wants to ensure that handouts will be there for herself.)

You must have not read what she wrote... sort of like when you asked someone to quote you, and they did, and then you said that they didn't.

 

[richard_daily]

The problem with discussing my economic readings are that none of you read books.

You don't understand what you supposedly read.

I'm guessing that you only read every 3rd word, and then form your opinion based on what you thought the other 2/3rds of the text said.

 

[4est_4est_Gump]

I think this helps shed a light on your point of view. I come from a world where the people who take advantage of the system are minimal compared to the people who genuinely need the assistance. Clearly, not your world.

Dick, why do they need the assistance?

Could it be that, as per my contention, that in the desire to provide assistance, given time and the nature of politics and electoral power, that the plunder becomes so great that people cannot do it on their own thanks to the theft and then subsequent flight of Capital?

I think you need to actually re-read what I am posting instead of seeking angles of attack for purely partisan purpose, i.e, the worship of the Welfare State and its associated tyrannies.

...

Now, Sean, this is clearly a response to an ad hominem attack, so you must therefore allow me a little leeway for I am far more polite than this dick...