Bad_Doggie
Qu'est-ce que c'est?
- Joined
- Nov 24, 2006
- Posts
- 6,808
What happened to all of the doom and gloom economic threads?
- Thread starter Ulaven_Demorte
- Start date
- Status
Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,585
Actually I keep them in jars. You never know when you might need a bio-weapon to use against the man.
richard_daily
Slut Whisperer
- Joined
- Sep 17, 2006
- Posts
- 36,898
In those circumstances, I generally prefer masturbation... at least that way, I got something accomplished.
richard_daily
Slut Whisperer
- Joined
- Sep 17, 2006
- Posts
- 36,898
So basically, you're a patriot!
Beco
I'm Not Your Guru
- Joined
- Sep 12, 2002
- Posts
- 57,795
Dont we all?
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
Wrong Element
Sentient Onion
- Joined
- May 5, 2002
- Posts
- 24,909
He will have more freedom after the election.
Lucky for you, Obamacare covers terminal stupidity, eh?
Speaking of "terminal stupidity"...
...what happened with your presidential election assertion that Obama would beat Romney by a wider margin than LBJ beat Goldwater?
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
Goldman's Post-Mortem: "Congratulations Mr. President, We Are Cutting Q4 GDP To 1.5%"
Congratulations on the four more years, Mr. President. To celebrate, Goldman starts by cutting the Q4 GDP forecast from 1.9% to 1.5% (and let's not forget that the same Goldman is predicting a 15% drop in the S&P in the next two months to get the Fiscal Cliff deadlock to break).
Full just released note.
President Obama Wins; Slight Changes to Fiscal Policy Assumptions and Forecast
BOTTOM LINE: The election has produced a status quo election outcome. We are changing the fiscal policy assumptions in our forecast, to assume expiration of the upper-income tax cuts.
MAIN POINTS:
1. President Obama has won reelection, with a status quo outcome in Congress. Some results are still preliminary, but the President has won with around 50% of the popular vote and 303 electoral votes (29 votes in Florida are still undecided) compared with the 270 votes needed to attain a bare majority in the electoral college. Republicans lost two seats in the Senate with two Democratic-held seats still undecided (but preliminary results indicating they will not shift the balance of power). Republicans won the majority in the House, though Democrats made incremental gains as expected, with 15 seats still undecided.
2. We are making slight changes to the fiscal policy assumptions embedded in our forecast. President Obama has indicated he would veto legislation that extends the 2001/2003 tax cuts for income over $250k, while congressional Republicans have objected to decoupling them from the middle-income tax cuts. In light of the President's reelection, we have opted to assume that the upper-income tax cuts will expire. These are worth $56bn in 2013, and their expiration is likely to increase the drag on growth from fiscal policy by around 0.2 percentage points in 2013, on a Q4/Q4 basis. While there is a clear possibility of a compromise at a higher income threshold like $1 million, this is roughly balanced by the possibility of fiscal restraint from other unexpected sources, or the possibility that Congress fails to address the fiscal cliff until early 2013.
3. Based on these slightly modified fiscal assumptions and other developments, we are changing our forecast slightly. We are taking down our Q4 GDP growth forecast from 1.9% to 1.5%, due to a change in the tracking assumptions for October after Hurricane Sandy. Our forecast for Q1 and Q2 2013 will remain at 1.5% and 2%, respectively. Although the additional fiscal restraint would weigh on growth, the rebound from Hurricane Sandy is likely to lift growth which should mostly offset the fiscal effect.
4. Congress will return next week to begin work toward a compromise to avoid the tax increases and spending cuts scheduled to take effect at the start of 2013. The President is expected to release a fiscal proposal in the next few weeks as well
Congratulations on the four more years, Mr. President. To celebrate, Goldman starts by cutting the Q4 GDP forecast from 1.9% to 1.5% (and let's not forget that the same Goldman is predicting a 15% drop in the S&P in the next two months to get the Fiscal Cliff deadlock to break).
Full just released note.
President Obama Wins; Slight Changes to Fiscal Policy Assumptions and Forecast
BOTTOM LINE: The election has produced a status quo election outcome. We are changing the fiscal policy assumptions in our forecast, to assume expiration of the upper-income tax cuts.
MAIN POINTS:
1. President Obama has won reelection, with a status quo outcome in Congress. Some results are still preliminary, but the President has won with around 50% of the popular vote and 303 electoral votes (29 votes in Florida are still undecided) compared with the 270 votes needed to attain a bare majority in the electoral college. Republicans lost two seats in the Senate with two Democratic-held seats still undecided (but preliminary results indicating they will not shift the balance of power). Republicans won the majority in the House, though Democrats made incremental gains as expected, with 15 seats still undecided.
2. We are making slight changes to the fiscal policy assumptions embedded in our forecast. President Obama has indicated he would veto legislation that extends the 2001/2003 tax cuts for income over $250k, while congressional Republicans have objected to decoupling them from the middle-income tax cuts. In light of the President's reelection, we have opted to assume that the upper-income tax cuts will expire. These are worth $56bn in 2013, and their expiration is likely to increase the drag on growth from fiscal policy by around 0.2 percentage points in 2013, on a Q4/Q4 basis. While there is a clear possibility of a compromise at a higher income threshold like $1 million, this is roughly balanced by the possibility of fiscal restraint from other unexpected sources, or the possibility that Congress fails to address the fiscal cliff until early 2013.
3. Based on these slightly modified fiscal assumptions and other developments, we are changing our forecast slightly. We are taking down our Q4 GDP growth forecast from 1.9% to 1.5%, due to a change in the tracking assumptions for October after Hurricane Sandy. Our forecast for Q1 and Q2 2013 will remain at 1.5% and 2%, respectively. Although the additional fiscal restraint would weigh on growth, the rebound from Hurricane Sandy is likely to lift growth which should mostly offset the fiscal effect.
4. Congress will return next week to begin work toward a compromise to avoid the tax increases and spending cuts scheduled to take effect at the start of 2013. The President is expected to release a fiscal proposal in the next few weeks as well
hogjack
Permanent Pause
- Joined
- Jul 28, 2002
- Posts
- 35,617
Goldman Sachs sucks.
Bet the overpaid execs are looking forward to the coming 75% Federal tax bracket!
richard_daily
Slut Whisperer
- Joined
- Sep 17, 2006
- Posts
- 36,898
bb and pedobear are just phoning it in this morning.
What can they do to get back on the horse?
Rush Limbaugh thinks that we should split the country... How did that work out for you guys last time?
What can they do to get back on the horse?
Rush Limbaugh thinks that we should split the country... How did that work out for you guys last time?
koalabear
~Armed and Fuzzy~
- Joined
- Mar 14, 2001
- Posts
- 101,964
The fiscal cliff just got steeper
http://money.msn.com/politics/post.aspx?post=8752a20b-2995-4b7a-b910-44328b73122c
http://money.msn.com/politics/post.aspx?post=8752a20b-2995-4b7a-b910-44328b73122c
Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,585
Citation needed.
richard_daily
Slut Whisperer
- Joined
- Sep 17, 2006
- Posts
- 36,898
http://www.rushlimbaugh.com/daily/2012/11/06/what_would_happen_if_we_split_the_country
Of course, he pulls the cowardly: "I got a note from a friend" line, that gives him plausible deniability, but it's pretty clear that this is his opinion.
Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,585
I really need to stop asking for citations.
Busybody
We are ALL BUSYBODY!
- Joined
- Jan 23, 2011
- Posts
- 55,323
The DESTRUCTION of the economy
BEGINS
REVENGE
FLEXIBILITY
Report: Obama May Levy Carbon Tax To Cut U.S. Deficit…
And so it begins.
(Bloomberg News) — Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.
North American discharges fell 1.3 percent last year amid slowing economic growth. In China, the world’s biggest emitter, greenhouse gases from fuel use rose more than 9 percent in 2011, according to BP Plc statistics published on June 13.
BEGINS
REVENGE
FLEXIBILITY
Report: Obama May Levy Carbon Tax To Cut U.S. Deficit…
And so it begins.
(Bloomberg News) — Barack Obama may consider introducing a tax on carbon emissions to help cut the U.S. budget deficit after winning a second term as president, according to HSBC Holdings Plc.
A tax starting at $20 a metric ton of carbon dioxide equivalent and rising at about 6 percent a year could raise $154 billion by 2021, Nick Robins, an analyst at the bank in London, said today in an e-mailed research note, citing Congressional Research Service estimates. “Applied to the Congressional Budget Office’s 2012 baseline, this would halve the fiscal deficit by 2022,” Robins said.
Hurricane Sandy sparked discussion on climate protection in the election after presidential candidates focused on other debates, HSBC said. A continued Republican majority in the U.S. House of Representatives means Obama’s scope for action will be limited, Robins said. Cap-and-trade legislation stalled in the U.S. Senate after narrowly passing the house in 2009.
North American discharges fell 1.3 percent last year amid slowing economic growth. In China, the world’s biggest emitter, greenhouse gases from fuel use rose more than 9 percent in 2011, according to BP Plc statistics published on June 13.
richard_daily
Slut Whisperer
- Joined
- Sep 17, 2006
- Posts
- 36,898
...and to think that this guy is in a leadership position in the republican party.
U
unregistered
Guest
Sean Renaud
The West Coast Pop
- Joined
- Feb 5, 2004
- Posts
- 59,585
I can assume you plan to own it when the Obama buy in begins next week?
RobDownSouth
BoycotDivestSanctio
- Joined
- Apr 13, 2002
- Posts
- 78,447
- Status
Similar threads
