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

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Gold had it's biggest plunge in 31 years today? Where's Vette? Writhing around on the ground clutching his balls? :rolleyes:
 
Laugh, go ahead, but it's a damn good way to get out in the great outdoors with friends and family. A little hard work and education can put real money in your pocket along the way as well.

Hard work! Them. :D
 
Gold's biggest plunge still leaves me in the black, while the market's climb still leaves me in the red...




wtf is the matter with some of you people?
 
That's because the thing that the CBO is observing keeps changing, fool.

really? things CHANGE?

that must be why YOU posted a MOODYS shit report (full of conjecture), that was written early 2010 and said it was RELEVANT NOW!


IDIOT!
 
Unemployment numbers above 400,000 17 out of the last 19 weeks.

Isn't it 18-19 due to revisions?

;) ;)

That there is never enough spending is a seductive fallacy because it never requires any empirical proof: If millions of those supported by the state have lost their self-reliance and self-initiative, perhaps it is because millions supported by the state were not supported well enough, and so in response, some resorted to stealing things they could not afford.

Consider also the current government-sponsored notion of “millions of green jobs” — a siren call that Obama and “green-jobs czar” Van Jones voiced to lift the economy and transition America over to sustainable, affordable energy. But tens of billions of wasted dollars later, electricity and gas prices are at near-record levels. The attempt to make subsidized green power competitive by cutting back on fossil-fuel exploration while trying to shut down coal plants and stop gas pipelines has only made energy prices climb and further burdened American households.

Meanwhile, hundreds of billions in green subsidies created neither much new energy nor many new jobs. But the massive handouts did provide a lot of public money in sweetheart deals to administration-friendly companies that either went broke, outsourced jobs to China, or hired the unemployed at insane costs, sometimes at $2 million per worker.

Yet despite the dismal record, President Obama is still touting the same-old, same-old, 2008 “millions of green jobs” mantra, apparently on the fallacious notion that massive subsidies to government-supported plants like Evergreen Solar in Massachusetts and Johnson Controls in Michigan have not worked too well — only because there were not enough costly investments.

As we witness the financial insolvency of blue-state America, the monetary meltdown in southern Europe, and the criminality breaking out among some members of the Western underclass, logic suggests that massive state deficits not only did not bring a promised utopia, but ensured chaos.

But for those who are invested materially and psychologically in the religion of never-ending government borrowing and spending, there is always the true believers’ excuse of “not quite enough.”
Victor Davis Hanson
NRO
 
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