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

[Ulaven_Demorte]

*chuckle*

Looks like that stimulus got as a AA-rating!

Way to go President Obama, U_D man!

We haven't been downgraded, yet.
The GOP is still playing the debt ceiling tango though, there is still time.

 

[Frisco_Slug_Esq]

No plan proposed, even the leggy one from the podium goes anywhere near what Moody's and S&P are calling for.

Trying to pin the blame on the other party, at this point, is the polity of a child yelling, "Not Fair!"

Every real plan, or group, that is actually prepared to save our rating is labeled as extremist and then the accusations fly:

"You want to push grandma off the cliff,
"You hate veterans,
"You want dirty water,
"polluted air,
"unsafe food...,"

So, obviously, Washington DC, in toto, feels that Moody's and S&P, will again be too timid to do the obvious thing. It's like a degenerate gambler doubling down to cover his losses on the last hand.

Obama sure as hell isn't worried, neither is Reid; they just keep saying no and pretending that our debt load is no big deal as long as we keep raising it...

The Republicans aren't any better, but they're the only ones getting beat up by a biased press any time they go anywhere near an attempt to head this off with a plan that is clearly too little, too late...

 

[Ulaven_Demorte]

Ironic how the stimulus that "saved" us, like so many millions of jobs, is now the debt that sinks us into, if one is to believe the hysteria, a Great Depression, which, of course, the stimulus (and TARP) prevented...

You mean the millions of jobs saved by the study YOU posted thinking it backed your position instead of reinforcing Merc's using Moody's figures?

Don't forget, $282 Billion of that roughly $800 Billion Stimulus you rail so much against was tax cuts.

 

[Frisco_Slug_Esq]

Funny how you guys stopped reading once you thought the report bolstered your main point and forgot to read the conclusion, a conclusion now being played out...

 

[Frisco_Slug_Esq]

Did cash for clunkers sell more cars?

Why yes, yes it did, and then sales died for it only accelerated.

Same thing for saving homeowners and the same thing for "saving" jobs...

 

[Wat_Tyler]

How about the cash for Comanchero carts, or did that not go through?

 

[Frisco_Slug_Esq]

How about the cash for Comanchero carts, or did that not go through?

Don't forget, all that we are going to do is cut them mercilessly from the automatic ten new carts to nine carts and a chassis...



Ten bears is now Nine bears and a weasel...

 

[Wat_Tyler]

Don't forget, all that we are going to do is cut them mercilessly from the automatic ten new carts to nine carts and a chassis...



Ten bears is now Nine bears and a weasel...

Well, I guess that's okay, as long as it's a fierce weasel.


Four more years gets us Seven Bears and Two Sick Field Mice and a Ruptured Mole.

 

[Frisco_Slug_Esq]

Well, to be honest, they are fighting tooth nail and claw over the ferret Vs. weasel economic choice...

Reid and Obama want to ferret out the wealthy while the Republicans want to weasel out of the blame for Obama's poor ratings; don't hate the President! blame the speech writer for not showing enough leg at the podium.

 

[Wat_Tyler]

I settle for any one of them to display something resembling two fully developed, completely descended testicles.

 

[Ulaven_Demorte]

No plan proposed, even the leggy one from the podium goes anywhere near what Moody's and S&P are calling for.

Trying to pin the blame on the other party, at this point, is the polity of a child yelling, "Not Fair!"

Every real plan, or group, that is actually prepared to save our rating is labeled as extremist and then the accusations fly:

"You want to push grandma off the cliff,
"You hate veterans,
"You want dirty water,
"polluted air,
"unsafe food...,"

So, obviously, Washington DC, in toto, feels that Moody's and S&P, will again be too timid to do the obvious thing. It's like a degenerate gambler doubling down to cover his losses on the last hand.

Obama sure as hell isn't worried, neither is Reid; they just keep saying no and pretending that our debt load is no big deal as long as we keep raising it...

The Republicans aren't any better, but they're the only ones getting beat up by a biased press any time they go anywhere near an attempt to head this off with a plan that is clearly too little, too late...

How many times was it a big deal to "conservatives" to raise the debt ceiling 7 times under President Bush?
How many times was it a big deal to "conservatives" when it was raised 18 times under a previous Republican President Ronald Reagan?
It wasn't. But it sure was a big deal under Clinton, and again under Obama. Some might think that their objections are purely partisan rather than fiscal.

A Biased Press? Please.. The TOP has refused to negotiate on anything. Democrats have given them everything they asked for several times, and more, and still they refuse and move the goalposts ever further at the behest of the insurgent Tea Party. The TOP or as they should now be called, the "Deadbeat Party", is playing chicken, once again, with America and the World's economy.

We've reached the point where the President of the United States felt he needed to deliver a prime-time speech essentially defending the post-Enlightenment values of reason, evidence and compromise against an obscurantist movement more like a religious cult than a political party.

But it's the President's fault that the Republican's can't keep the zombie-like Tea Party congenital idiots from bringing the entire economy down around our ears. Speaking of congenital idiots...

Ignore at your peril the recent Quinnipiac poll that indicates more Americans trust Obama on the economy, think job creation is more important than cutting the deficit but support tax increases if necessary to staunch red ink, blame George W. Bush for our current economic woes, and would blame Congressional Republicans rather than Obama if the budget talks are unsuccessful.

Congress will end up doing what everyone knows must be done. The President has successfully made the case that he has been attempting to negotiate in good faith with stubborn buffoons, and that inflexible Tea Party ideals are simply inadequate to the task before us.

See you in 2012!

 

[kbate]

It is time for the House Republicans to simply write and pass a bill:

The debt ceiling is raised to $25 billion. The top marginal Rate is 39.3%.

And that is it. Nothing else, no riders, no spending cuts.

Let the President and Senate vote on that one.

That gives them about 6 years of spending authority - enough to cover Obama's remaining time in office and to let some of the costs of BiPartisanDefinitelyNotObamaCare legislation take effect.

they can call it: The Now it is your Economy Stop Blaming Bush Bill of 2011.

 

[Frisco_Slug_Esq]

U_D...

What was "The Gephart Rule?"

How many times did they vote on a naked ceiling?

I've seen the "who do you trust more numbers." What they really say is NO ONE!
__________________
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.
Senator Barack Hussein Obama, 2006

 

[Ulaven_Demorte]

It is time for the House Republicans to simply write and pass a bill:

The debt ceiling is raised to $25 billion. The top marginal Rate is 39.3%.

And that is it. Nothing else, no riders, no spending cuts.

Let the President and Senate vote on that one.

That gives them about 6 years of spending authority - enough to cover Obama's remaining time in office and to let some of the costs of BiPartisanDefinitelyNotObamaCare legislation take effect.

they can call it: The Now it is your Economy Stop Blaming Bush Bill of 2011.

The debt ceiling should have just been raised. Full stop.

Then they can duke it out over spending and taxes when their squabbling isn't threatening to send the entire World's economy over the edge into catastrophe.

 

[Frisco_Slug_Esq]

We are not being downgraded because of the debt ceiling.

Raising it will not save us, it will only prove that we have no intention what-so-ever of maintaining a AAA rating as long as actual cuts have to be made to maintain it.



And the Dow continues to head for the magic 12,000 mark of rebound...

 

[busybody..]

New economic numbers, not so good:

Second quarter GDP growth at 1.3 %, first quarter revised down to 0.4%

So GDP is up just 1.9% in 1Q and just 1.3% in 2Q. Steady sub-2% growth raises recession risk dramatically

But

Please

Protect

The

NIGGER​

 

[kbate]

The debt ceiling should have just been raised. Full stop.

Then they can duke it out over spending and taxes when their squabbling isn't threatening to send the entire World's economy over the edge into catastrophe.

Without the debate now - Do you think they would ever actually seriously sit down and look at spending?

I do not. I think that as long as they have borrowing authority - they'll do like they always have and keep spending until the next time the ceiling comes up and then rinse/repeat.

 

[Ulaven_Demorte]

U_D...

What was "The Gephart Rule?"

How many times did they vote on a naked ceiling?

I've seen the "who do you trust more numbers." What they really say is NO ONE!

You mean the Gephart Rule that the GOP waived in 1995? When they refused to raise the debt limit in a bid to force President Clinton to accept spending cuts – prompting two government shutdowns?

THAT Gephart Rule? Yes, I'm familiar.
I also know that the House can waive or ignore the Gephart Rule, at it's convenience, and pass a straight debt limit bill along to the Senate at any time.

No, what the poll says is that more people trust the President on the economy than the GOP. Only 13% picked the "neither" option. I posted a link, look for yourself.

 

[Frisco_Slug_Esq]

WOW!


- 116!



Why doesn't Obama run out to the mic and save us with a grand compromise?

Or, does he WANT a crisis, does he WANT a fight with the GOP so he can take advantage of it with another stimulus to the government clerk crowd?

An initial reading on U.S. gross domestic product showed the economy expanded at an annualized rate of 1.3% in the second quarter, missing economists' estimates of 1.8% growth, while first-quarter GDP growth was revised down to 0.4% from an earlier reading of 1.9%.

Fox Business News

~~~~~ NOTE ~~~~~

This has NOTHING to do with the DEBT CEILING!

 

[Ulaven_Demorte]

Without the debate now - Do you think they would ever actually seriously sit down and look at spending?

I do not. I think that as long as they have borrowing authority - they'll do like they always have and keep spending until the next time the ceiling comes up and then rinse/repeat.

That battle is constantly fought with every budget. But now is not the time for those squabbles. We are making a slow recovery from an huge economic downturn. Now is not the time to play chicken.

The simple fact is that the debt ceiling WILL be raised. The only question is by how much. Budgeting issues, spending and taxes, can be squabbled over with regular budget negotiations without either side having their finger over the big red "self destruct" button.

 

[Frisco_Slug_Esq]

Slow is an ironic choice of words there U_D...

 

[Frisco_Slug_Esq]

- 135




But it won't hurt YOUR 401K; it always seems to be going up...

 

[Ulaven_Demorte]

Slow is an ironic choice of words there U_D...

The only people who expected a miraculously speedy recovery and not a slow steady one are the congenital idiots previously mentioned and disingenuous partisans.

I'll let you pick your side.

 

[Ulaven_Demorte]

- 135
But it won't hurt YOUR 401K; it always seems to be going up...

Those must be FauxNews numbers, because the DJI is only -62.44 @ 12,240.11 at the moment. that wouldn't have anything to do with House GOP cancelling thier vote due to lack of support would it?

You're trying MUCH too hard.

 

[koalabear]

Stocks dive on GDP, debt battle,economy slows to a crawl

Updated: 07/29/2011 10:50 ET
DOW 12,130.79 -109.32