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

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vetteman said:
As I've stated before, I wonder how long it will be before the government requires you to put a certain amount of your 401K contributions into government bonds or other federal instruments.
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You don't work, therefore you don't contribute to a 401k.
 
Buy gold.

Because you’re a patriot. Gold hires people. It takes a chance on an idea. It believes that, for all of our politicians and corporate missteps, we have a dynamic country that can compete with anyone. Gold makes a statement. It says “I think the American people work as hard and are as resourceful as anyone on the planet,” and then adds “but for now, I’m just going to hide out in this bunker and eat Spam until someone else has the guts to create a new business with a great idea and gives me a job.”

Gold looks good and does nothing. And isn’t that how it should be? Look at all these people trying to “do” something: putting out fires, doing our taxes, teaching our kids, giving us check-ups, taking care of our elderly, serving us our meals, reporting the news, constructing casinos, delivering our packages, building our roads, making solar panels — what a bunch of morons. They should be buying gold!

Those idiots will know who’s boss when the economy comes crashing down and we’re left in a total state of anarchy. You can imagine the scene: busted businesses, poverty everywhere, road signs in Chinese. They’ll be the ones working for yuan and euros to pay for their government homes and the rest of us will be standing on top laughing at them. We were the ones who saw it coming, loaded up on guns and Oreos, and put our money to good use. Look who’s laughing at our ruined society now. Ha! We were smart enough to heed the words.

Buy gold.
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http://www.marketwatch.com/Story/story/print?guid=678C3684-6F50-11E0-B644-00212804637C
 
U (the fucking genius who knows better) D.......says Ben the JEW Bernanke is a LIAR


Bernanke Admits: Inflation Rising


While he did announce the Federal Reserve will end its second round of quantitative easing on schedule, Fed Chairman Ben Bernanke admitted that inflation will rise, which was the fear of those who criticized the program in the first place.

CNBC reports:

In his first regular news conference, Federal Reserve Chairman Ben Bernanke said the central bank was continuing its stimulus policy because it was projecting slower growth in the economy with only a modest uptick in inflation.

Wednesday‘s event marks the first regularly scheduled news conference by a Fed chairman in the central bank’s 97-year history.

The Fed cut its growth estimate for 2011 to between 3.1 percent and 3.3 percent from a January forecast of 3.4 percent to 3.9 percent.

The Fed also raised its estimate of inflation this year to a range of 2.1 percent to 2.8 percent, taking into account a recent surge in oil prices. However, it bumped its core inflation forecasts only marginally to a 1.3 percent to 1.6 percent range.

That’s a much different picture than the Associated Press decided to paint:

The Fed downplayed inflation risks. It acknowledged a spike in oil prices, but concluded that the pickup in inflation will be temporary.

Fed Chairman Ben Bernanke spoke at a historic news conference after the meeting. It was the first time in the Fed’s 98-year history that a chairman has begun holding regular sessions with reporters.

Bernanke said Fed officials expect the moderate economic recovery to continue after weak growth in the first three months of the year.
 
U_D, we showed you the inflation...


A_J's corollary #2, “The New Age Liberal prefers the truthiness of expert-driven consensus to a personal examination of the facts and the application of reason.”


Time to admit yet that your outlook just might have been a little "rose-colored glasses?" a direct, and necessary reaction to how much you "hated" Bush? Maybe the "expert" facts you chose over our lying rw-propaganda and "home-skool" "opinion" was a bit, home-spun?
__________________
Sideshow Barry Barker 2012 Says: "It's NOT the economy, Stupid!"It's the Birthers! The Tea Party! SARAH PALIN!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg
 
U asshole loser clown will protect teh NIGGER D says BS!

Wal-Mart: Our shoppers are 'running out of money'

Wal-Mart CEO Mike Duke (left) speaking to a gathering of industry watchers in New York on Wednesday.


By Parija Kavilanz, senior writerApril 28, 2011: 10:43 AM ET


NEW YORK (CNNMoney) -- Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."

1087Email Print Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.

Lately, they're "running out of money" at a faster clip, he said.

"Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.
 
busybody said:
Wal-Mart: Our shoppers are 'running out of money'

Wal-Mart CEO Mike Duke (left) speaking to a gathering of industry watchers in New York on Wednesday.


By Parija Kavilanz, senior writerApril 28, 2011: 10:43 AM ET


NEW YORK (CNNMoney) -- Wal-Mart's core shoppers are running out of money much faster than a year ago due to rising gasoline prices, and the retail giant is worried, CEO Mike Duke said Wednesday.

"We're seeing core consumers under a lot of pressure," Duke said at an event in New York. "There's no doubt that rising fuel prices are having an impact."

1087Email Print Wal-Mart shoppers, many of whom live paycheck to paycheck, typically shop in bulk at the beginning of the month when their paychecks come in.

Lately, they're "running out of money" at a faster clip, he said.

"Purchases are really dropping off by the end of the month even more than last year," Duke said. "This end-of-month [purchases] cycle is growing to be a concern.
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We just need bigger government checks to boost the economy.
 
Isn't the next proposal to buy every teacher in the DC schools a new GM car every year because that will help them motivate the students and improve their results? Its for the kids!
 
How about that Obama kills Osama market bump?

When people in Washington start creating fancy new phrases instead of using plain English, you know they are doing something they don’t want us to understand.

It was an act of war when we started bombing Libya. But the administration chose to call it “kinetic military action.” When the Federal Reserve System started creating hundreds of billions of dollars out of thin air, they called it “quantitative easing” of the money supply.

When that didn’t work, they created more money and called it “quantitative easing 2” or “QE2,” instead of saying: “We are going to print more dollars — and hope it works this time.” But there is already plenty of money sitting around idle in banks and businesses.

The policies of this administration make it risky to lend money, with Washington politicians coming up with one reason after another why borrowers shouldn’t have to pay it back when it is due, or perhaps not pay it all back at all. That’s called “loan modification,” or various other fancy names for welching on debts. Is it surprising that lenders have become reluctant to lend?

Private businesses have amassed record amounts of cash, which they could use to hire more people — if this administration were not generating vast amounts of uncertainty about what the costs are going to be for Obamacare, among other unpredictable employer costs from a government that is heedless or hostile toward business.

As a result, it is often cheaper or less risky for employers to work the existing employees overtime or hire temporary workers, who are not eligible for employee benefits. But lack of money is not the problem.

True believers in the old-time Keynesian economic religion will always say that the only reason creating more money hasn’t worked is because there has not been enough money created. To them, if QE2 hasn’t worked, then we need QE3. And if that doesn’t work, then we will need QE4, etc.

Like most of the mistakes being made in Washington today, this persistent faith in government spending is something that has been tried before — and failed before.

Henry Morgenthau, secretary of the Treasury under Pres. Franklin D. Roosevelt, said confidentially to fellow Democrats in 1939: “We have tried spending money. We are spending more than we have ever spent before and it does not work.”

As for the Federal Reserve today, a headline in the Wall Street Journal of April 25th said, “Fed Searches for Next Step.”

That is a big part of the problem. It is not politically possible for either the Federal Reserve or the Obama administration to leave the economy alone and let it recover on its own.

Both are under pressure to “do something.” If one thing doesn’t work, then they have to try something else. And if that doesn’t work, they have to come up with yet another gimmick.

All this constant experimentation by the government makes it more risky for investors to invest or employers to employ, because neither of them knows when the government’s rules of the game are going to change again. Whatever the merits or demerits of particular government policies, the uncertainty that such ever-changing policies generate can paralyze an economy today, just as it did back in the days of FDR.

The idea that the federal government has to step in whenever there is a downturn in the economy is an economic dogma that ignores much of the history of the United States.

During the first 100-plus years of the United States, there was no Federal Reserve. During the first 150 years, the federal government did not engage in massive intervention when the economy turned down.

No economic downturn in all those years lasted as long as the Great Depression of the 1930s, when both the Federal Reserve and the administrations of Hoover and FDR intervened.

The myth that has come down to us says the government had to intervene when there was mass unemployment in the 1930s. But the hard data show that there was no mass unemployment until after the federal government intervened. And once the government did intervene, it was politically impossible to stop and let the economy recover on its own. That was the fundamental problem then — and now.
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Thomas Sowell
NRO
 
did you read this yet? this might be the best thing since candy :)


http://www.businessweek.com/magazine/content/11_19/b4227004622477.htm?chan=magazine+channel_opening+remarks


to void out any and all union contacts, and start over. talk about a cost savings! then to come back and say, "if you don't like it, find a new job"

is it a good day in your Neighborhood, don’t you want to be my neighbor?




Ulaven_Demorte said:
You have demonstrated on every occassion possible that you have zero clue about much of anything. First you start with a manufactured "Quote" from Pelosi then immediately say that she didn't actually say it. Fuck, you're dropping from double digit IQ into single cell organism territory.

You're falling back on a well-used tactic of the "right" here. Set up a straw man opinion, Assign that position to your perceived enemy, then smash it to the ground and declare victory.

We won't even get into who exactly controls the purse strings while you've got your Obama hate on. :rolleyes:

Congratulations! You're abigger idiot than the real Jen.. THAT is an accomplishment.
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