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

[IrezumiKiss]

Neither tsunami nor Libyan turmoil nor higher oil prices have shaken businesses from hiring more workers.

After more than two years of a bleak prospects for job seekers, the economy's slow, steady growth is finally creating jobs at a healthy pace.

[Frisco snarky-witty banter]

It's an Obamanation...



[/Frisco snarky-witty banter]

http://cousinavi.files.wordpress.com/2008/08/obamaisgood.jpg

 

[eyer]

Heading for a double dip

"Nobody in Washington or Wall Street wants to admit it, but the economy is leaning toward another plunge."

http://www.csmonitor.com/Business/Robert-Reich-s-Blog/2011/0331/Heading-for-a-double-dip

I understand the source is too conservative to be taken seriously...

 

[eyer]

...so here is a definitely more liberal slant:

Tax the Super Rich now or face a revolution

"Yes, tax the Super Rich. Tax them now. Before the other 99% rise up, trigger a new American Revolution, a meltdown and the Great Depression 2."

http://www.marketwatch.com/story/tax-the-super-rich-now-or-face-a-revolution-2011-03-29

 

[Frisco_Slug_Esq]

MSNBC says so.

*chuckle*

Look to housing as an indicator of future manufacturing.

Look to where grads are going; to DC and the capitols, not manufacturing sectors.

See the inflation on the shelves, at the pump and on the stock ticker as, like in Munich and Vienna before, the world's Socialist Governments try to inflate themselves out of the paradoxical, what do you do when government employs more people than its industries...

http://online.wsj.com/article/SB10001424052748704050204576219073867182108.html
http://www.msnbc.msn.com/id/42371364/ns/business-us_business/

One little battle win is no reason to begin cawing about wining the war quoth the raven...

__________________
"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."
Frederic Bastiat

Under this moral code, the government then becomes a charitable organization that serves the unfortunate and calls upon the fortunate to service it. With each passing election government expands to serve and raises the need for incremental, additional service. With each expansion more of the citizenry become involved in the charity as visible recipients of the largess of the government or invisible recipients who manage the largess reaped from the demanded, morally patriotic, service to government. When the recipients begin to out-earn the servicers, the government ceases to work in a coherent manner. Eventually the servicers of government run out of the incentive to serve and lose the fear of forced government conscription to its charitable works.
A_J, the Stupid

 

[unregistered]

 

[Frisco_Slug_Esq]

Anyone notice the slight uptick in hiring came as the weather improved, just like every year before with few exceptions?



Not only that, but if this were Bush, the same people wold be screaming bloody murder because, thanks to housing (more in a sec) most of those job gains were low-end service and healthcare jobs, and we would be hearing about how no GOOD jobs were being created.

With the severe housing problem, you have few new starts, new starts always have a lagging rise in manufacturing, which will now not occur.

Plus we have been forewarned that as the economy improves, it will be first signaled by an actual rise in the unemployment rate as discouraged workers come back to the job hunt.

That and a few months ago, if you have forgotten, the administration took so many jobs off the books that they said were never coming back and in this manner got under the 9% mark, which btw, Gallup still has at 9%.
__________________
I'm Hungary for some French-fried €PIIGS!
A_J, the Incredulous

 

[unregistered]

 

[Frisco_Slug_Esq]

Poor Bush was getting his balls wrung out when unemployment was 5%.

Worst economy ever...





__________________
A_J's corollary #9, “When a Republican does it, it is a high crime and misdemeanor, when a Democrat does it, then it is, *shrug*, they ALL do it...”

A_J's corollary #8, “In times of crises, the New Age Liberal calls for more government and higher taxes. In times of plenty, the New Age Liberal calls for more government and higher taxes. The primary motivation is always Crusader-like Altruism and the illusion of ‘fairness.’”

 

[unregistered]

 

[Frisco_Slug_Esq]

I have noticed that UD's "Obama Amen Corner" has put in less and less time lately...why is that?

Like football, he's only in when his team is on offense.

There's a lot of that going on.

Or, maybe there's no defense due to the lockout.

 

[unregistered]

 

[Frisco_Slug_Esq]

If you cannot bring yourself to agree, just keep your mouth shut.

__________________
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.’”

 

[unregistered]

 

[Frisco_Slug_Esq]

 

[Frisco_Slug_Esq]

Now, for the REAL sputtering in 5, 4, 3...,

APRIL 1, 2011 5:49 P.M.
A Reelection Jobs Report?
If so, thank the GOP.

Did the big March jobs report put President Obama back on the road to reelection? If so, he can thank the GOP, whose tax cuts saved him from himself.

You could hear cheering all the way from the West Wing when the Labor Department showed a 216,000 gain in nonfarm payrolls, the biggest number in quite some time. Plus, the unemployment rate continued its decline to 8.8 percent. Not so long ago it was nearly 10 percent.

Corporate payrolls have now increased by 478,000 for the first three months of the year. Over the past three months, the average payroll gain has been 159,000, which is more than twice the monthly gain in 2010. If payrolls stay on track, that would mean nearly 2 million jobs created in 2011.

So sure, the White House must be very happy. In fact, everybody should be happy at an improving jobs picture.

But here’s the sublime irony. The wake-up in job creation is a function of Republican policy. After all, for two years the Obama Democrats spent themselves into oblivion, with over $1 trillion of so-called big-government stimulus. Didn’t work. By the end of last year, that failed stimulus wore off, and it was replaced by Republican tax cuts.

Remember that in mid-December, after his election shellacking, President Obama signed a deal that extended the Bush tax rates across the board. The top marginal rate stayed at 35 percent. Investment tax rates for cap-gains and dividends held at 15 percent. Most business people I know — folks who work in both large and small companies — welcomed the tax-rate freeze as a sign that maybe the war against growth, capital formation, and small business was either coming to an end or at least a two-year truce.

So, presto, the jobs numbers start jumping in the new low-tax year.

Larry Kudlow
NRO

 

[Frisco_Slug_Esq]

BUT, warns Larry:

That said, there is a big glitch in the economic and jobs story: It’s called inflation — especially oil- and gas-price increases, but also food-price hikes. And there are new signs of price increases for all manner of goods and services. Inflation is the economy’s Achilles ’ heel.

Crude oil just hit $108. Nationwide gasoline is now around $3.60.The CEO of Wal-Mart warns of major retail price increases, saying they are already showing up in dairy and cotton products, with more coming in transportation. Consumer product companies are raising prices. Hershey’s chocolate is raising prices. And while the ISM manufacturing report in March showed strong business conditions, 85 percent of survey respondents reported higher prices.

And the energy-price hikes are already depressing consumer incomes. Average hourly earnings in the jobs report have been flat for the last two months, even while the consumer price index has been steaming ahead at a 5.6 percent annual rate over the past three months. In fact, measured over three-month periods, a real-wage income proxy, which includes average hourly earnings and hours worked adjusted for the CPI, has actually declined four consecutive months. This is a warning that inflation is taking its toll.

Both Democrats and Republicans in Washington must understand that over-easy Fed policy has depressed the dollar and reignited inflation. Politicians in both parties should be fighting for stable money. On the energy front, deregulation to unleash drill, drill, drill is more important now than ever.

 

[Frisco_Slug_Esq]

Meanwhile, the government is going to have to bail out Freddie and Fannie again sometime soon...

Now, I know we've heard a lot of hate in the last two years laid on corporate fat cats and their big salaries and big bonuses...

So, here's some more examples of how the system works for the rich crony capitalism of Washington DC:

Regulators have approved generous executive compensation at Fannie Mae and Freddie Mac, the taxpayer-backed mortgage finance giants, with little scrutiny or analysis, according to a report published Thursday by the inspector general of the Federal Housing Finance Agency.

The companies, whose fates are to be decided by Congress this year, paid a combined $17 million to their chief executives in 2009 and 2010, the two full years when Fannie Mae and Freddie Mac were wards of the state, the report found.

The top six executives at the companies received $35.4 million over the two years. Since Fannie Mae and Freddie Mac were taken over in September 2008, the companies’ mounting mortgage losses have required a $153 billion infusion from taxpayers. Total losses may reach $363 billion through 2013, according to government estimates.

http://www.msnbc.msn.com/id/42371364/ns/business-us_business/

Names that sound familiar:
Franklin Delano Raines
Jamie Gorelick
ACORN...
Obama
__________________
"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."
Frederic Bastiat

Under this moral code, the government then becomes a charitable organization that serves the unfortunate and calls upon the fortunate to service it. With each passing election government expands to serve and raises the need for incremental, additional service. With each expansion more of the citizenry become involved in the charity as visible recipients of the largess of the government or invisible recipients who manage the largess reaped from the demanded, morally patriotic, service to government. When the recipients begin to out-earn the servicers, the government ceases to work in a coherent manner. Eventually the servicers of government run out of the incentive to serve and lose the fear of forced government conscription to its charitable works.
A_J, the Stupid

 

[Luk]

It's like you two didn't even read the article (well, we know vette didn't because he doesn't even read his own).

A rebound in tourism helped the leisure and hospitality industries add 37,000 new jobs. Even the construction industry, which has lost roughly 2.2 million jobs since 2007, showed signs of stabilizing with just 1,000 jobs lost in March.

These are small growths but they are - growths.

And, A_J... The weather has been shit in SoCal (until this week) for a while and we have experienced the best upturn in the nation lately so your weather theory just got shot to hell by reality.

 

[RightField]

Lets say for a minute (no more than that) that LT, Luke, UD and the others of similar ilk are correct, that all our problems can be fixed by taxing the rich and if we do that, no one else will have to pay a penny and our economy will bloom like a flower in the desert after the first spring rain.

We've said that there isn't anywhere near enough money in the hands of the rich to pay for the many demands these guys make (more entitlements, Obamacare, greater public sector retirement beneftis - or keep them the same anyway). When we make those points, we're usually met with blather and ad hominum attacks, you know, you've all seen it hundreds of times.

Here's an amusing video that deals with a large part of this discussion we've had. It's counter-argument to their point done by couple "down-to-earth" midwesterners and is called "Lets eat the rich" with the basic premise to take all the money that the rich have in order to sate the democrat demands for more manna.

http://www.realclearpolitics.com/video/2011/03/31/bill_whittle_on_eating_the_rich.html

 

[Luk]

Lets say for a minute (no more than that) that LT, Luke, UD and the others of similar ilk are correct, that all our problems can be fixed by taxing the rich and if we do that, no one else will have to pay a penny and our economy will bloom like a flower in the desert after the first spring rain.

We've said that there isn't anywhere near enough money in the hands of the rich to pay for the many demands these guys make (more entitlements, Obamacare, greater public sector retirement beneftis - or keep them the same anyway). When we make those points, we're usually met with blather and ad hominum attacks, you know, you've all seen it hundreds of times.

Here's an amusing video that deals with a large part of this discussion we've had. It's counter-argument to their point done by couple "down-to-earth" midwesterners and is called "Lets eat the rich" with the basic premise to take all the money that the rich have in order to sate the democrat demands for more manna.

http://www.realclearpolitics.com/video/2011/03/31/bill_whittle_on_eating_the_rich.html

You edited and still spelled "benefits" wrong? Anyway, show me wear I said we could fix the economy by taxing the rich. Please?

 

[koalabear]

Lets say for a minute (no more than that) that LT, Luke, UD and the others of similar ilk are correct, that all our problems can be fixed by taxing the rich and if we do that, no one else will have to pay a penny and our economy will bloom like a flower in the desert after the first spring rain.

We've said that there isn't anywhere near enough money in the hands of the rich to pay for the many demands these guys make (more entitlements, Obamacare, greater public sector retirement beneftis - or keep them the same anyway). When we make those points, we're usually met with blather and ad hominum attacks, you know, you've all seen it hundreds of times.

Here's an amusing video that deals with a large part of this discussion we've had. It's counter-argument to their point done by couple "down-to-earth" midwesterners and is called "Lets eat the rich" with the basic premise to take all the money that the rich have in order to sate the democrat demands for more manna.

http://www.realclearpolitics.com/video/2011/03/31/bill_whittle_on_eating_the_rich.html

Cool vid, let's do it!

 

[RightField]

You edited and still spelled "benefits" wrong? Anyway, show me wear I said we could fix the economy by taxing the rich. Please?

Do you think that this video gives new meaning to the term "eat me?"

 

[Luk]

Do you think that this video gives new meaning to the term "eat me?"

Show me where I said we should tax the rich to bring the country out of debt or admit you are a liar.

 

[Frisco_Slug_Esq]

It's like you two didn't even read the article (well, we know vette didn't because he doesn't even read his own).



These are small growths but they are - growths.

And, A_J... The weather has been shit in SoCal (until this week) for a while and we have experienced the best upturn in the nation lately so your weather theory just got shot to hell by reality.

I was unaware that SoCal had spent most of the winter buried in snow...

My bad.

So, California is no longer on the brink of insolvency due to "progressive" spending?

 

[unregistered]