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

[unregistered]

 

[unregistered]

 

[Luk]

I left those pics up a half an hour, long enough prove Luke to be an asshole, motherfucking, liar. Nothing new here.

Sorry, had to pick up the kid, talk with the police about check fraud, make dinner and spend time with my girl.

If you wanna talk about liars, lets talk about $500 a month electric bills, 5 cars, Obama's "opulence" and phony border patrol web sites, tubby.

 

[unregistered]

 

[Luk]

I did not lie about that bill asshole, and the data on the Border Patrol site is not in question, you were wrong then as well. You are wrong now. I posted the pics. I'm not overweight, proving you are are a fucking liar, as we all have known from the very beginning. So post those recent pics asshole, or shut the fuck up.

Yes you did lie about that bill. And the border patrol site you thought was an official site was a self-interest group site as I proved it to be. Post what recent pics? You sure do have a lot of hostility when your weight is brought up. I know you click "view post" every time I post and I've posted stuff about your family leaving you which didn't bring this much ire from you, chunk.

So eloquent.

You say "proving you are are a fucking liar, as we all have known from the very beginning." Fine. Find a post of mine where I lied. Burden is on you, tons-o-fun.

 

[unregistered]

 

[Luk]

"The best part is that he looks a helluva lot more like John Candy from his recent pics than you do. "

I just did, you lied about my recent pics in the above. My family leaving me is another lie you couldn't possibly have any knowledge about except in your libelous tiny mind. There's no burden on me ass horn.

If that was a lie that means you would have to have seen recent pics of UD to compare them to you. So nope, I didn't lie as you have admitted that the last pic you saw of UD was over a year old before he lost all that weight.

Try again, don't, I don't care. Your bullshit has been dismissed as garbage enough times that you're just not worth the effort anymore.

Fake border patrol site with bullshit numbers you thought were accurate.

http://forum.literotica.com/showpost.php?p=36108017&postcount=62

You thinking it was real.

Did you take a look at the Border Patrol link?

Me proving you're a liar.

http://forum.literotica.com/showpost.php?p=36108232&postcount=65

 

[richard_daily]

If that was a lie that means you would have to have seen recent pics of UD to compare them to you. So nope, I didn't lie as you have admitted that the last pic you saw of UD was over a year old before he lost all that weight.

Try again, don't, I don't care. Your bullshit has been dismissed as garbage enough times that you're just not worth the effort anymore.

Fake border patrol site with bullshit numbers you thought were accurate.

http://forum.literotica.com/showpost.php?p=36108017&postcount=62

You thinking it was real.



Me proving you're a liar.

http://forum.literotica.com/showpost.php?p=36108232&postcount=65

Don't ever expect him to admit that he's wrong... He's a cowardly old man, complaining about the "mexican invasion" from the rocker on his front porch.

 

[mercury14]

Don't ever expect him to admit that he's wrong... He's a cowardly old man, complaining about the "mexican invasion" from the rocker on his front porch.

Then the "gay invasion" on the back porch. And the "commie invasion" on the side porch. And the "Muslim invasion" up on the widow's walk.

What's that? Obama in in San Juan today? And there are 5 million of them living in the US? Goddamn Puerto Rican invasion!

 

[Frisco_Slug_Esq]

So you agree that the recession is over. Good. Remember to post that early and often so people understand that fact before we work on any of the other details.

It's been over a long time; this is the new normal...
__________________
Barry 2012 Says: ”’Shovel-ready’ was not as shovel-ready as we expected.”
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

 

[Frisco_Slug_Esq]

Uncertainty Is Not the Problem
It's not the policies we don't know about that are retarding the economy. It's the bad policies we have..
Wall Street Journal
By CLIFFORD S. ASNESS

Many commentators blame our continuing economic woes on "uncertainty." They allege that recent and anticipated dramatic policy changes make business planning difficult, and that this is retarding growth and employment. This view is not wrong—but our main problem is not the uncertainty surrounding new policies. It is the policies.

Consider two uncertain situations. In the first, our business is waiting to find out the location decision for a customer's new industrial plant, so we know where to build our new supply facility. Until this is resolved, we will not invest in building nor will we hire staff. In the second situation, we know we are in for some pain, someone is going to make our business less productive and profitable, but we do not yet know how much. Planning is marginally more difficult, but the main reason we will not grow in the second situation is that investment is less attractive regardless of the precise resolution of uncertainty.

In the first case, uncertainty is the obstacle. Once it is resolved, we invest. In the second case, uncertainty is a small part of the problem. The large part is simply that bad things are happening. The day we are told "well, it's exactly a 30% hit to productivity and profits," all uncertainty is resolved—yet we will still not invest or hire.

The Obama administration's economic policies have defenders. For instance, New York Times columnist Paul Krugman will tell you the stimulus helped, and we didn't have enough. I disagree. I will tell you the stimulus was wasteful and politicized, and the American people, not being idiots, know they will have to pay for it eventually. People adjust their plans to account for the additional debt heaped on them, meaning lower investment and consumption.

I will also tell you Dodd-Frank, with its enshrining of too big to fail and its large regulatory costs, is an albatross. I will add that ObamaCare's gigantic new entitlement has hurt. I will throw in that massive additional regulatory costs being foisted upon business is an extra drain on the economy. I would definitely say that the disregard for law during the auto-company "bankruptcies" has long-lasting negative effects. I'd even throw in that the president's demonization of business has been harmful. Finally, I'd say the expected tax increases, even if only on the "super rich"—defined as anyone still gainfully employed—weigh upon us. So what does all this have to do with uncertainty and whether that's our problem? Consider a hypothetical.

Imagine, right now, we passed a giant additional wasteful stimulus. Imagine all the rules of Dodd-Frank were revealed and are even more stifling than we expected. Imagine we doubled the new health-care entitlement and expanded government control of health care more than previously predicted, but set all the details today. Imagine assorted government agencies passed more burdensome regulations than we anticipated, increasing both the cost of doing business and the drag of crony capitalism. But all uncertainty was resolved by passing them today.

Next imagine that the president promised, in no "uncertain" terms, to up his hectoring of business in perpetuity. Further, imagine we passed higher taxes going forward on everyone but, again, we settled it for certain right now. Finally, imagine we committed ourselves to no entitlement reform ever. Is all this good or bad? Well, uncertainty has been eliminated, but it sounds pretty darn bad.

Now let's go the opposite way and consider good policies surrounded by uncertainty. Imagine we will move from here toward free-market health-care reforms appropriate for a free people. We will reduce government spending and our debt, letting people spend their own money as they see fit. We will lower taxes across the board for individuals and businesses, and we'll reduce and simplify deductions.

Imagine even more that we'll make grown-up decisions and reform entitlements to levels we might possibly afford. Now imagine that while we know the direction of each of these policy changes, alas, we are very uncertain about how far these wonderful ideas will go. Imagine this uncertainty is even higher than it is around today's bad policies. Would these changes, uncertainty and all, make things better or worse? Well, it seems pretty clear that should these changes occur in any nontrivial fashion, you would have to duck to get out of the way of the ensuing economic boom, regardless of the uncertainty.

Focusing on "uncertainty" takes our eyes off the ball. We should not seek clarity about the many new drags on our economy. We should seek to have the administration cease and desist, then reverse them.

Mr. Asness is the managing and founding principal of AQR Capital Management.

 

[unregistered]

 

[Frisco_Slug_Esq]

One other observation; If business were to unleash its capital and rescue Obama's economy thus enabling the Democrats to gain back power in the next election, then their reward is going to be tax increases, talk about your incentive to expand...

__________________
A_J's corollary #12, “The New Age Liberal believes that in good times Government can afford to spend more than it receives and in bad times, it can’t afford not to.”

 

[unregistered]

 

[Frisco_Slug_Esq]

No good deed goes unpunished.

Indeed...

Create a hostile business environment and you get your reward.

__________________
A_J's corollary #11, “The New Age Liberal defines a fair share of taxes as, ‘When you pay your taxes, you have no more money left than anyone else has.’”

 

[unregistered]

 

[Frisco_Slug_Esq]

Few things cause the eye to glaze over more than economic statistics, particularly when discussing incomprehensible sums in the trillions of dollars. But when it comes to the employment and wealth of Americans as well as the ability of the private sector to grow, there are two statistics that the public should be aware of, and one which everyone can relate to:

The Gross Domestic Product (the total economic output of the economy); and
The Net Gross Domestic Product per Person (the GDP less the amount of government spending at all levels divided by the current population.)

The Net GDP recognizes the impact of Federal, state, and local spending.
Ideally the Net GDP should increase every year adjusted for inflation. This would be an indicator of private wealth creation, higher personal incomes, and a healthy expanding economy, as money is more readily available for job creation. Despite minor ups and downs, the overall trend in a six to eight year period should always be on the positive side and normally has been over the past twenty-five years.

That is until the Obama years. The following table reveals what has happened since 2002 through the end of a potential second Obama term based on current and projected spending estimates -- a growth rate of 3.0% per year for the GDP was used. (Net GDP: inflation adjusted to 2002)

See Chart: http://www.americanthinker.com/2011/06/obamas_america_prosperity_lost.html

Sources: Government Accountability Office (http://www.gao.gov/htext/d11201sp.html)
US Government Spending: (http://www.usgovernmentspending.com/index.php)
Bureau of Labor Statistics: (http://www.bls.gov/home.htm)
Congressional Budget Office: (http://www.cbo.gov
US Census: (http://www.census.gov/population/projections/nation/detail/d2011_20.pdf)
Inflation Calculator: (http://usinflationcalculator.com)

The statistics for 2002 reflect the recession in 2001 and the devastating economic impact of September 11, 2001, yet the economy was able to recover very quickly due to pro-growth fiscal policies.

The impact of ObamaCare is reflected in the spending estimates after 2015. The primary drivers of the 2020 statistics are ObamaCare, Medicare, Social Security, and interest (as the national debt, per the GAO, will exceed 118% of the GDP). It is obvious to anyone not beholden to a rigid socialist ideology that there will be an ever decreasing amount of wealth in the private sector which will result in even less job creation and a further erosion in the individual standard of living, as the 2020 Net GDP shows a dramatic 28% drop over that of 2007.

If nothing is done, then by 2030 the Net GDP will fall by an unprecedented 54% as compared to 2007 and government spending as a per cent of the GDP will be 60.5%. The average citizen can certainly understand this impact on the nation by relating it to their personal lives: if their income or wealth dropped by 28 to 54% bankruptcy would be inevitable.

One of the factors in this massive decline of the net GDP will be population growth amounting to nearly 60 million people by 2030. That means that 40 million new jobs will have to be created to accommodate that increase plus recapturing the job losses to date of nearly 14 million; all the while not having the capital available to accelerate business growth. This country as it is known today will cease to exist and poverty will overtake the nation.

Steve McCann
The American Thinker

 

[Frisco_Slug_Esq]

Obama is reaping the rewards of his hostile business environment. Remember he was calling the bankers on Wall Street "fat cats," but now finds himself with hat in hand asking them for campaign money, apparently there's a lot of fuuuuuuuuccccccckkkkk yooooooouuuuuus going on under their collective breaths.

They got caught up in the wave of excitement; the hope and transformative change due to the election of the first black president to the point of ignoring the things he had said and written and while Obama is not Hitler in any way shape or form, it is the same damned phenomenon.

He called his business experience as being in enemy territory...

Those are not the words of an economist.
__________________
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.’”

 

[Frisco_Slug_Esq]

Confession of a Reluctant Tea-Partier
Luba Sindler

My late and very much missed father used to say: "First, you have to know why you want to leave the old country, and only then to decide why you want to settle in a new one." Boy, did we know the first part! Our difficult journey to America started in 1978 and ended in 1987 -- nine long years of being "refuseniks," surviving persecution with humor and general youthful light-heartedness. There was no time or opportunity to follow the second part of my father's advice.

My family came to the United States the day before the Thanksgiving of 1987. Being intellectually curious, I immediately began wondering how this country functions and what makes the United States the envy of the world (don't believe all that criticism from outside -- it's mostly ignorance). As a confirmed bookworm I started reading everything in sight from the Constitution and Federalist Papers to the New York Times to National Review by way of the Economist and the Village Voice. My English improved dramatically but my respect for the media evaporated. However, I got some basic knowledge of American institutions.

My husband and I applied for US citizenship the day we became eligible. I think my examining officer got the shock of his life when during the interview I recited the Bill of Rights, named all Supreme Court justices and added the names of all elected officials of the state including our hapless congressman. Talk about useless knowledge! After that we proudly voted in every election, but the idea of venturing a political opinion never crossed my mind (an unfortunate result of being brought up in a totalitarian society where keeping your mouth shut is a basic rule of survival). There was something unseemly in proclaiming my deep love and appreciation of America for all to hear.

When candidate Obama showed up, I realized that I had heard his typical stump speech every single day of my old Soviet life from big and small Communist party bosses -- the same structure, the same cadences, the same bogeymen, the same demagoguery, the same targets. The American people had no defense against this rhetoric. The result of the elections was totally predictable. To me it was a "Back to the Future" moment.

Imagine you are having a terrible nightmare. Just as you are about to suffer torture or certain death, you wake up and realize the sun is shining, your family is peacefully sleeping, and everything is in place. After enjoying a few blissful moments, you turn your head and see that hideous monster from your dream coming after you for real. This image described the trajectory of my life perfectly. Running from Communism, finding the safe haven and a new life, and now to have the same wrecking crew coming even here?

In February or March of 2009 my husband, two friends, and I went to the first New York City Tea Party in front of City Hall -- more out of helplessness than anything else. The signs were great and funny, including a board showing odious Senator Schumer as Marie Antoinette. When a man next to me remarked on the steadfast conservatism of the Cuban-American community, I mentioned the huge Russian contingent right here in New York City as an equally conservative bloc. He looked at me like I was from outer space.

The American Thinker

 

[Frisco_Slug_Esq]

... they are the words of a Marxist/Socialist.

 

[unregistered]

 

[Frisco_Slug_Esq]

Nor are they the words of the number one salesman of the United States of America, a big fucking fool maybe.

He has one helluva sales pitch: My product is DEFECTIVE!

__________________
Barry Says: You have that one nailed A_J!
http://pajamasmedia.com/tatler/files/2011/04/obama-wide-grin80.jpg

 

[MeeMie]

The country has lost 2.5 million jobs since Obama moved into the White House.


Democrats Disconnected From Economic Reality

http://www.youtube.com/watch?v=AfdqCmRlbW0&feature=player_embedded

Despite 9.1 percent unemployment and the clear disapproval of the American people, Democrats and the president are continuing to push for their favorite tax-and-spend economic policies, which have completely failed to bring about an economic recovery and only made the situation worse.

Republicans believe it is high time for the president and congressional Democrats to get serious about the economy and work with Republicans to develop real solutions to our nation's economic challenges.

 

[unregistered]

 

[Frisco_Slug_Esq]

Congressional Democrats cannot afford to get serious about the economy because they are loathe to stop any spending (money=votes) and despite what they say in public, their actions in the lame-duck prove they know the truth, tax increases will further retard a Keynesian economy.