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

[Ulaven_Demorte]

Everything that's been done to us has been done without the need of Republicans.

They've been excluded from the conversation again, which will soon be followed, again, by the cries of, Republicans have no ideas to offer, and then when the reform IS passed and proves to be unpopular, we will be told that it is based on "Republican Ideas..."

Did you not read Dick Morris about the impending legislation?

Here's a link:
http://forum.literotica.com/showthread.php?t=702621

And, why are the Democrats afraid to do a budget as required by law, preferring to kick it down the road for the next Congress?

Is it because things really are as bad as us wingnuts keep saying when not viewed with a day-to-day desire for an AH-HA! GOTCHA moment?

(Also, it allows them to raise taxes by not addressing the sunsetting of the Bush tax cuts and at the same time claim, "Wasn't me," 'cause they so know we're looking forward, economically, to the good times higher taxes afford us...

Obama can also say, I didn't raise your taxes, it was Republican obstructionism! )

The GOP has excluded itself from any and all legislative compromise. Their half-hearted threats of "no cooperation" are meaningless considering they've not cooperated with anyone since taking a stunning loss in '06.

The GOP has set itself up as the fall guy for all maner of allegations regarding economic and social issues simply by refusing to do anything but scream "NO", plug their ears with their fingers and shout "lalalalalalalalala".

See you in November.
I'm looking forward to seeing the GOP try to run on repealing health reform.

 

[unregistered]

 

[unregistered]

 

[Ulaven_Demorte]

They just have no desire to adorn the lamp posts along Pennsylvania Avenue when the "folks" decide it's time to come to town with a petition of their grievances.

*laugh*

Subscribing to Ish's "revolution" now?

See you in November.. again..

 

[Frisco_Slug_Esq]

The GOP has excluded itself from any and all legislative compromise. Their half-hearted threats of "no cooperation" are meaningless considering they've not cooperated with anyone since taking a stunning loss in '06.

The GOP has set itself up as the fall guy for all maner of allegations regarding economic and social issues simply by refusing to do anything but scream "NO", plug their ears with their fingers and shout "lalalalalalalalala".

See you in November.
I'm looking forward to seeing the GOP try to run on repealing health reform.

Yeah, we see that everyone was right. Obama and the Democrats would return to popularity once the bill was passed and we got to see all the wonderful things it held for us...



__________________

"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!"

Careful what you wish
You may regret it
Careful what you wish
You just might get it...,
__________________
Political Realists see the world as it is: ... In this world laws are written for the lofty aim of "the common good" and then acted out in life on the basis of common greed...; a world where we are always moral and our enemies always immoral; a world where "reconciliation" means that when one side gets the power and the other side gets reconciled to it, then we have reconciliation.... In the world as it is, the solution of each problem inevitably creates a new one.
Saul David Alinsky
Rules for Radicals

 

[unregistered]

 

[Frisco_Slug_Esq]

UD will immediately denounce any Republican president with those powers as a dictator.

A lot of that sentence is window dressing...

 

[unregistered]

 

[unregistered]

 

[Frisco_Slug_Esq]

Those sons of bitches are busy making damn sure that the Posse Comitatus Act is out of the way so that combat troops can be deployed at the sound of the first bit of insubordination.

They've been hoping for months that the tea party crowd would act like their elements prone to violence so that they could crack some heads...


They forget, the looters are the lawless element, the looted try to abide by the law up until the point that they are labeled and libeled as the criminals by the tyranny of the "majority..."
__________________
"Sometimes the law defends plunder and participates in it. Sometimes the law places the whole apparatus of judges, police, prisons and gendarmes at the service of the plunderers, and treats the victim - when he defends himself - as a criminal.”
Frederic Bastiat

 

[RobDownSouth]

They've been hoping for months that the tea party crowd would act like their elements prone to violence so that they could crack some heads...They forget, the looters are the lawless element, the looted try to abide by the law up until the point that they are labeled and libeled as the criminals by the tyranny of the "majority"

You certainly are a whiny little bitch today AJ.

 

[Ulaven_Demorte]

Those sons of bitches are busy making damn sure that the Posse Comitatus Act is out of the way so that combat troops can be deployed at the sound of the first bit of insubordination.

Be afraid! Be very afraid!

Oh brother..

 

[unregistered]

 

[unregistered]

 

[Frisco_Slug_Esq]

Who really was to blame for the bank meltdown in 2008? Nobel laureate and economist Robert Mundell, supply-sider-in-chief and China's new Confucius, is unequivocal.

In a speech at the Heritage Foundation on April 16, 2010, he blamed the U.S. Federal Reserve (Mundell's speech starts at 1:13:30).

Incredibly, in 2008, leading up to the worst economic banking crisis in history, the Fed was deflating the money supply -- not, as it thought, supplying lots of lovely money to bail out the banks.

It just goes to show: The Federal Reserve Board, playpen of political hacks for almost a century, really doesn't have a clue what it is doing.

That's why in the period between 1929 and 1933, the Fed caused the biggest depression in U.S. history. And in 2008, it staged the biggest financial meltdown in world history.

How bad does it have to get before Americans decide that some things are just too important to be left to politicians and their hangers-on?

Mundell's argument is fairly straightforward. When interest rates are low and borrowers are de-leveraging at full speed, you can't rely on a Friedmanite analysis of monetary conditions. (Yes, he gently sticks a knife into Milton's ribs a couple of times.) Instead, you must use a Mundell approach. And Mundell showed his audience the data that showed why the Fed was slamming on the brakes in 2008, even while it thought it was easing. The gold price was going down through most of 2008, and consumer price inflation went from five percent to zero percent in six months!

...

The story starts out pretty well. In August 2007, financial firms all over the world experienced a sudden liquidity crisis (the blue band on the chart). The Fed turned on the monetary faucet, and the gold price shot up to about $950 per ounce (150 on the chart). Good Fed. Consumer prices increased, too. But then, somewhere in early 2008, things went wrong. After the Bear Stearns bailout in March (gray band), the gold price started actually declining, meaning that monetary policy was tightening. Bad Fed. By the September 2008 meltdown of Fannie, Freddie, and Lehman Brothers (pink band), the gold price was in free-fall, meaning that monetary policy was bar-tight. Very bad Fed. It took 'til November 2008 before the Fed got a handle on things and got the monetary spigot open again. No wonder President Bush was moved to warn that "If money isn't loosened up, this sucker could go down."

You have to say, What is the point of appointing these clowns to operate the central bank, the "lender of last resort"? They know nothing and they do nothing. Here's Federal Reserve Chairman Ben Bernanke, the world's foremost deflation expert, and what does he do in the crunch? He runs a tight deflationary monetary policy right through the most critical financial crisis in modern history.

What's the point of a government if it can't even do the job of lender of last resort?

Why was the DEMOCRAT Congress taken by surprise?

Weren't they "regulating" the markets?



They sure weren't legislating any fixes!

http://www.americanthinker.com/2010/04/the_fed_did_it_says_bob_mundel.html

 

[Frisco_Slug_Esq]

Furthemore...

Given the astonishing economic record in China, you can understand why they have named a university after Bob in Beijing. It's called the Mundell International University of Entrepreneurship.

 

[jeninflorida]

what type of hit will Obama/dems take when the next tax increase comes for those earning more than $90k a year?

The GOP has excluded itself from any and all legislative compromise. Their half-hearted threats of "no cooperation" are meaningless considering they've not cooperated with anyone since taking a stunning loss in '06.

The GOP has set itself up as the fall guy for all maner of allegations regarding economic and social issues simply by refusing to do anything but scream "NO", plug their ears with their fingers and shout "lalalalalalalalala".

See you in November.
I'm looking forward to seeing the GOP try to run on repealing health reform.

 

[Frisco_Slug_Esq]

what type of hit will Obama/dems take when the next tax increase comes for those earning more than $90k a year?

The beauty of Obama is that he will say, "I didn't do it, Congress did it..."

You see, the Democrats aren't going to present a Budget Bill this year as required by law (that's okay, though, because Republicans did it too) that way, when they lose control of the Congress and go to hammer out the budget with slim to none when it comes to a majority, they can blame all the new tax increases on the Republicans who were just elected...

That's why they were so eager to have all their non-liberal members fall on their swords to pass the health care that was going to save us so much money and lower our premiums. They knew the truth was that it was going to raise costs and the deficit, it was a political, not a fiscal goal...



CBO don't lie!

 

[Ulaven_Demorte]

Economy grows for third straight quarter.

Jobless claims fall again.

Home prices inch up.

Federal Income Taxes on Middle-Income Families at Historically Low Levels.

You're right Cap'n, the CBO doesn't lie, that seems to be your sole function.

http://static.businessinsider.com/image/4ba270b47f8b9a080d670100-586-124/none.png
From the CBO report. re: Health reform.

You're right about the GOP majority congress failing to pass an annual budget, although you failed to mention that they did so on four occasions: 1998, 2002, 2004, and 2006.

You're calling this one a bit early don't you think? The new Fiscal Year doesn't start for 5 months.

 

[mercury14]

Yeah, we see that everyone was right. Obama and the Democrats would return to popularity once the bill was passed and we got to see all the wonderful things it held for us...

How come the Republican party hasn't returned to popularity?

Republicans in Congress continue to poll lower than the dems across the board.

 

[Wrong Element]

If you caught that thread AJ made a week or so ago, it's pretty clear now what the new strategy is: credit everything to "the business cycle."

 

[firespin]

How come the Republican party hasn't returned to popularity?

Republicans in Congress continue to poll lower than the dems across the board.

Pay attention much? Oh, wait, what am I saying...?

http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/b8scyp6bruqgez4snjxqdg.gif

"PRINCETON, NJ -- The advantage in public support the Democratic Party built up during the latter part of the Bush administration and the early part of the Obama administration has all but disappeared. During the first quarter of 2010, 46% of Americans identified as Democrats or leaned Democratic, while 45% identified as or leaned Republican."

 

[firespin]

If you caught that thread AJ made a week or so ago, it's pretty clear now what the new strategy is: credit everything to "the business cycle."

Whereas Obama's strategy is "ignore the business cycle"? How would that make sense?

 

[unregistered]

 

[mercury14]

Pay attention much? Oh, wait, what am I saying...?

http://sas-origin.onstreammedia.com/origin/gallupinc/GallupSpaces/Production/Cms/POLL/b8scyp6bruqgez4snjxqdg.gif

"PRINCETON, NJ -- The advantage in public support the Democratic Party built up during the latter part of the Bush administration and the early part of the Obama administration has all but disappeared. During the first quarter of 2010, 46% of Americans identified as Democrats or leaned Democratic, while 45% identified as or leaned Republican."

Your post is off-topic. I referred to the approval rating of Repubs in congress and you link party affiliation...

Link the approval rating of Republicans in congress.