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

[Sean Renaud]

I can find many willing to impose discipline on the Congress. The debt limit is an attempt to impose such discipline, without it we wouldn't even be having this debate, and would have much less of an idea when were "going Greece."

We're not Greece. We're not in a similar situation to Greece and the debt ceiling is stupid but that's beside the point entirely.

 

[busybody..]

Show a respected economist that says we shouldn't raise the debt ceiling. Just one. How many times do I have to ask for such a small shred of credence for this position so many on the right have?

funny

I kept AXING you that for days

and you couldnt find LINKS to YOUR SHIT

 

[busybody..]

Listen twit, Investors Business Daily is a newspaper first and foremost. They host a website where they have an opinion page. MeeMie's link was from their opinion page and is written by "anonymous guy who blames Obama for the recession".

Get your facts straight.

since when do EDITORIALS have a BYLINE?

does the NY SLIME'S editorials have one?

BUT

show where teh shit is there is WRONG and dont play

DO YOU KNOW WHO THE ***** IS

You PUTRID PIG

 

[unregistered]

 

[busybody..]

do you know who thos 150 are?


I thought not!

FAIL!

 

[unregistered]

 

[busybody..]

You asking me or Clown?

DUMMY

I was poking fun of PUTRID PIG!

 

[busybody..]

pathetic!

Compare and contrast:

It would require, even as we’re asking the person who needs a student loan or the senior citizen or people — veterans who are trying to get by on a disability check — even as we’re trying to make sure that all those programs are affordable, we’re also saying to folks like myself that can afford it that we are able and willing to do a little bit more.

-President Obama at last Friday’s press conference, explaining why budget cutbacks should apply to people like him
and

The level of resources provided in the bill would significantly impact the EOP’s role in assisting the President in carrying out his constitutional duties as head of the Executive Branch, including protecting national security interests, developing policies to address the challenges facing the Nation, reducing the deficit and spending taxpayer dollars more cost-effectively, and managing the Federal agencies.

-A White House letter to Congress explaining why cuts to the budget of the Executive Office of the President in the House version of the Financial Services and General Government Appropriations bill are too steep. The bill reduces the president’s budget from $705 million to $640 million.

I think my favorite part is the argument that reducing the budget of the president’s office will hurt his ability to reduce the deficit.

 

[unregistered]

 

[unregistered]

 

[koalabear]

Yeah meant sub-section. What's your point? That MeeMie wasn't lying when he attributed anonymous guy's rant to the position of IBD?

It's the Editorial page retard. MORON

 

[busybody..]

Self-Described Dem CEO Steve Wynn Rips Obama: “He Keeps Making Speeches About Redistribution . . . We Haven’t Heard That Kind of Talk Except From Pure Socialists”


Ouch.

(Business Insider) — Who doesn’t love a good rant?

We certainly do, and as usual, Steve Wynn, the CEO of casino company Wynn Resorts, delivered on his company’s quarterly conference call today.

Via Seeking Alpha, here’s the crux of it:

. . .And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration. And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don’t invest, their holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government and there’s no need soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.

 

[busybody..]

Sorta kinda funny

PUTRID POON

and his LUNATIC ELK

Musta MISSED THIS NO?

Compare and contrast:

It would require, even as we’re asking the person who needs a student loan or the senior citizen or people — veterans who are trying to get by on a disability check — even as we’re trying to make sure that all those programs are affordable, we’re also saying to folks like myself that can afford it that we are able and willing to do a little bit more.

-President Obama at last Friday’s press conference, explaining why budget cutbacks should apply to people like him
and

The level of resources provided in the bill would significantly impact the EOP’s role in assisting the President in carrying out his constitutional duties as head of the Executive Branch, including protecting national security interests, developing policies to address the challenges facing the Nation, reducing the deficit and spending taxpayer dollars more cost-effectively, and managing the Federal agencies.

-A White House letter to Congress explaining why cuts to the budget of the Executive Office of the President in the House version of the Financial Services and General Government Appropriations bill are too steep. The bill reduces the president’s budget from $705 million to $640 million.

I think my favorite part is the argument that reducing the budget of the president’s office will hurt his ability to reduce the deficit.

 

[Frisco_Slug_Esq]

Thanks for the reminder..

DJI closed at 12,479 yesterday.

Consumer price index is up 1.6% from 12 months ago

Average price for a gallon of gas still below the average high of $4.12 per gallon in July of 08 at $3.67 ($3.21 on my way home). Crude oil is about $50 per barrel cheaper than the price at the same time. http://http://www.GasBuddy.com/gb_retail_price_chart.aspx?city1=USA Average&city2=&city3=&crude=y&tme=72&units=us

In other news, China is still willing to loan us money despite the childish foot stomping of the Right in Congress.

Gas prices are rising again.

And I'm saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.

You bet and until we change the tempo and the conversation from Washington, it's not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don't want to say that. They'll say, God, don't be attacking Obama. Well, this is Obama's deal and it's Obama that's responsible for this fear in America.

The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don't invest, their holding too much money. We haven't heard that kind of talk except from pure socialists. Everybody's afraid of the government and there's no need soft peddling it, it's the truth. It is the truth. And that's true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I'm telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he's gone, everybody's going to be sitting on their thumbs.

Steve Wynn, early Obama supporter
Read more: http://www.businessinsider.com/wynn...ce-call-transcript-obama-2011-7#ixzz1SY1YnmeY

Did the U.S. economic expansion wilt this past spring, allowing another recession to take root?

Gluskin Sheff economist David Rosenberg believes it did. It isn't just that the unemployment rate bottomed out in March at 8.8%. Rosenberg notes that real disposable income, household employment, real business sales and manufacturing output all peaked that month.

Skepticism about U.S. growth is catching lately, what with Goldman Sachs and Bank of America both cutting their second- and third-quarter forecasts in recent days. UCLA economist Ed Leamer contends the recovery -- the process in which output rises faster than trend, closing the gap that opened up during the recession -- ended last summer.

But Rosenberg goes a step further, taking the second economic "soft patch" in the past year as another sign that the world's most supposedly flexible economy is stumbling toward another downturn.

"These are four critical pillars of the economy and they all peaked the same month," Rosenberg writes in a note to clients Monday. "Something tells me we are very close to a recessionary outcome here.

http://finance.fortune.cnn.com/2011...eed:+rss/magazines_fortune+(Fortune+Magazine)

 

[Frisco_Slug_Esq]

Where's merc so we can talk about Praxeology, Human Action and official reports from the crew that completely missed the housing bubble and stood shoulder to shoulder with Frank, Dodd and Waters pronouncing Freddie and Fannie sound as the dollar on the eve of their collapse in order to prevent any fixes by that evil ol' George W. Bush...

Reminds us that that is the same position they have with Social Security, self-funded for decades, sound as a dollar and the Obama steps of to the podium without the teleprompter and tells Scott Pelley that without China, we have no way to cut Social Security checks...

 

[Frisco_Slug_Esq]

The debt ceiling that we have to worry about is the one where the only one willing to buy our government's debt is the Fed, where the deficit can be erased by a keystroke and our 401Ks being turned into jokes by the government that promises to take care of us....



Well let me tell you, when Bugsy Siegel said he was gonna take care of you, he meant a death panel...

 

[Frisco_Slug_Esq]

Whenever EPA tells us what a great job it is doing in protecting our — and our children’s — health, you might wonder how the Obama administration validates its claims. The answer is simple: It asks the EPA! The agency doesn’t just draft and enforce regulations, it measures its own performance. That’s how it can get away with absurd assertions like the one that says enforcement of the Clean Air Act provides $30 in benefits for every $1 in costs. Indeed, EPA boss Lisa Jackson told Congress that the EPA should be able to regulate greenhouse gases precisely because it has a 40-year history of delivering trillions of dollars of benefits to the nation.

Yet when independent scholars look at these claims, they find the numbers just don’t add up. For instance, economist Garrett Vaughn found that the EPA’s claim of massive benefits from the Clean Air Act derives from a bunch of accounting tricks. They claim that manufacturers who are forced to raise their prices because of EPA rules simply pass on these costs to the customer, so they bear no cost themselves. It appears that the EPA economists have never heard of the law of demand: When price goes up, demand falls. Similarly, the EPA assumes compliance costs of $0.00 after a very short time, which allows for an infinite benefit-to-cost ratio.

Because the EPA generates these fantastical benefits numbers, it has ample justification for imposing yet more costly regulation on the American public. It follows that anyone who opposes these new rules obviously wants to poison the air.

No one in government questions these numbers, because that would stop the inexorable move towards more government. Yet, as economists Richard Belzer and Randall Lutter commented about EPA’s year 2000 cost-benefit report:

The same agencies that evaluate performance also design and administer the very regulatory programs they are evaluating. It is hard to understand why anyone should expect self-examinations to be objective and informative. Investors want businesses to be audited by analysts without financial conflicts of interest. Scientists reject research that cannot be replicated independently. Consumers flock to independent testing organizations rather than rely exclusively on sellers’ claims. Only in the public sector, where bureaucrats are protected from the discipline of market forces, do we rely on self-evaluations of performance.

Iain Murray
NRO

 

[Frisco_Slug_Esq]

Problems, said the Bard, come not single spies, but in whole battalions, and the president's real problem is the onrushing Four Horsemen of the Democalypse.
There is the shambles in the black community. Walter Russell Mead is warning of an Obamageddon in the inner cities. Yes, Obama's election was certainly a "giant step forward for American racial politics," but:

The future, however, may remember this administration as a giant step back for Black America during a period of deepening alienation, anger and despair in America's inner cities.

By 2009, the median net worth for white households had fallen 24 percent to $97,860. For black households, it had plummeted 83 percent to $2,170, a near wipeout.

The problem for the black community is not just jobs, but a triple-threat of "vanishing jobs, shrinking government budgets and a fractured and fragmented leadership." Meanwhile Pat Buchanan retails the numbers on household net worth.
In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households.

Of course they did. It was, after all, America's first black president, Bill Clinton, who pushed the sub-prime mortgage drug on the black community, with the help of Fannie Mae kingpin James A. Johnson and the ACORN street dealers. When you lose your sub-prime dream home, your net worth takes a big hit.

Then there's the Atlanta* school cheating scandal, where school officials doctored test results, boosting the scores of student standardized testing. If we wanted to blame the proximate cause, it would have to be President Bush and his No Child Left Behind testing regime. But anyone with half a brain can see that the problem is the whole notion of government education and its monstrous Gulag Archipelago of government child custodial facilities. What did liberals expect their "common schools" to produce? Government bureaucrats have always fallen down on the job, and have been a running joke since long before Charles Dickens satirized the Circumlocution Office in Little Dorrit.

Some liberals know there is a problem and they are genuinely worried about the black community. In The New York Times a concerned liberal asked conservative black Shelby Steele and newly minted conservative David Mamet about what people can do to help.

"What can we do for the African-American community?" There was a long pause, and [Steele] said, in the saddest voice [Mamet had] ever heard, "Leave us alone."

It was 150 years ago that Frederick Douglass first pleaded with America to "do nothing" about the Negro.

Christopher Chantrill
The American Thinker


* Let us not forget, it was also Baltimore, DC, and others...

 

[busybody..]

PRIORITIES:

With the Obama Unemployment Rate at 9.2% & Debt Ceiling Deadline Looming

… Senate Dems to Focus On Gay Marriage This Week.

 

[busybody..]

Wise Words From Obama on Lifting Debt Limit


Out of the mouths of moonbats can come words of wisdom. Listen to what Barack Hussein Obama had to say about raising the debt limit just a few short years ago, on the floor of the Senate on March 20, 2006 (PDF):

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Increasing America’s debt weakens us domestically and internationally. Leadership means that ‘the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better

 

[koalabear]

So when does he resign?

 

[richard_daily]

So when does he resign?

Right after you start your fake-ass "revolution".

 

[koalabear]

Right after you start your fake-ass "revolution".

*pats your head* nice rolleyes lil Chihuahua.

 

[richard_daily]

*pats your head* nice rolleyes lil Chihuahua.

How does it feel to be an internet warrior?

The kind of guy who talks about all the things that he would do, if he only had the courage...

Imagine; if the founding fathers were complete fucking pussies like you and your friends on here... where would we be then?

 

[koalabear]

How does it feel to be an internet warrior?

The kind of guy who talks about all the things that he would do, if he only had the courage...

Imagine; if the founding fathers were complete fucking pussies like you and your friends on here... where would we be then?

Have you been chewing on fungus infected slippers again? Poor lil Chihuahua, not getting enough attention today.