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

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Gold rallies on call for more stimulus
Prices surge as the president of the Chicago Federal Reserve Bank endorses continued monetary easing.
 
The money is so eased it's flaccid . . . unless you're trying to borrow some.


Need a loan? Quit paying your taxes . . . . ;)
 
NIGGER OMCICKS!

Obama Informs Boehner He’s Considering 7 New Government Regulations, Each Would Drain Economy By Over $1 Billion Year…


One of the EPA rules alone could cost the U.S. economy up to $90 billion, and these are the administration’s numbers.

WASHINGTON (AP) — President Barack Obama says his administration is considering seven new government regulations that would cost the economy more than $1 billion each a year, a tally Republicans will pounce on to argue that Congress needs the power to approve costly government rules.

In a letter to House Speaker John Boehner, R-Ohio, Obama lists four proposed Environmental Protection Agency rules and three Department of Transportation rules estimated to cost in excess of $1 billion. One of the proposed EPA rules — an update to the health-based standard for smog — is estimated to cost the economy between $19 billion and $90 billion.

The letter, dated Tuesday, comes as the Republican-controlled House prepares to consider legislation that would require congressional approval for any new regulations that would impose a significant cost on industries.

The four environmental regulations, which target air pollution and coal residue primarily from coal-fired power plants, have already been attacked by House Republicans, who have said they would kill jobs and harm the economy.

A federal court ordered the Obama administration to propose two of the four environmental rules.

And while the regulations would be expensive to comply with, EPA officials say they will save billions of dollars in avoided health care costs each year by reducing asthma and other illnesses, such as cancer. In some cases, the cost savings are greater than the upfront expense, according to EPA figures.

Obama’s letter was in response to a Boehner request last week for more details from the president on the proposed costs of the most expensive regulations under consideration by his administration. Obama’s administration has identified 219 proposed regulations this year with a cost to the economy of more than $100 million.
 
koalabear said:
Gold rallies on call for more stimulus
Prices surge as the president of the Chicago Federal Reserve Bank endorses continued monetary easing.
Click to expand...


Funny how the entire financial sector realizes that government stimuli are effective. Republicans think Wall Street doesn't know what it's talking about when it comes to money though.
 
mercury14 said:
Funny how the entire financial sector realizes that government stimuli are effective. Republicans think Wall Street doesn't know what it's talking about when it comes to money though.
Click to expand...

Stop proving you are a MORON, MORON.
 
mercury14 said:
Funny how the entire financial sector realizes that government stimuli are effective. Republicans think Wall Street doesn't know what it's talking about when it comes to money though.
Click to expand...

Yes, as Mises observed, those closest to the inflation are usually thrilled with it.

So, the ENTIRE financial sector...

I'm sure you can prove that, it can't be just opinion, any more than the broad claim that ALL Republicans...

So is the Day of Rage a Tea Party project?
 
That’s because prediction is hard. Experts — in politics, economics, climate — are very, very bad at telling people what will happen tomorrow, let alone next year or next century. How many of the economists who tell us what to do now failed to see the mortgage debt crisis coming? Nearly all of them.

Philip Tetlock’s 2005 book, Expert Political Judgment, documents that the predictions of even the most credentialed and experienced experts are often worse and very rarely better than random guessing. “In this age of academic hyperspecialization,” he writes, “there is no reason for supposing that contributors to top journals — distinguished political scientists, area study specialists, economists, and so on — are any better than journalists or attentive readers of the New York Times in ‘reading’ emerging situations.”

The cult of experts has acolytes in all ideological camps, but its most institutionalized following is on the left. The Left needs to believe in the authority of experts because without that authority, almost no economic intervention can be justified. If you concede that you have no idea whether your remedy will work, it’s going to be hard to sell it to the patient. Market-based ideologies don’t have that problem because markets expect events in ways experts never can.

No president since Woodrow Wilson or Franklin Roosevelt has been more enamored with the cult of expertise than Obama. That none of his economic predictions have panned out is not surprising. What is surprising is that so many people are surprised.
Click to expand...
Jonah Goldberg
NRO
 
"If you really want to light the fuse of a liberal Democrat, compare Barack Obama's economic performance after 30 months in office with that of Ronald Reagan. It's not at all flattering for Mr. Obama. The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr. Reagan passed the biggest tax cut ever, combined with an agenda of deregulation, monetary restraint and spending controls. Mr. Obama, of course, has given us a $1 trillion spending stimulus. By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would 'overheat.' In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a 'double-dip' recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight. My purpose here is not more Reagan idolatry, but to point out an incontrovertible truth: One program for recovery worked, and the other hasn't." --columnist Stephen Moore
 
Stocks struggle amid AT&T antitrust suit
The Dow may end the day in the black, although investors have suffered in August. AT&T shares stagger from the government suit to block its purchase of T-Mobile. Apple is pulling tech stocks lower.


Updated: 08/31/2011 03:25 ET
DOW 11,552.11 -7.84
 
Investors shouldn't put the Dramamine down
The market swung plenty in August, and September is historically worse
 
vetteman said:
Last year on August 29th, Obama told Brian Williams he would announce a jobs program when he got back from vacation. Has he unveiled this years after vacation plan yet?????:rolleyes:
Click to expand...

More green jobs.......lol
Carbon Tax, same ole, same ole.
 
Ham Murabi said:
"If you really want to light the fuse of a liberal Democrat, compare Barack Obama's economic performance after 30 months in office with that of Ronald Reagan. It's not at all flattering for Mr. Obama. The two presidents have a lot in common. Both inherited an American economy in collapse. And both applied daring, expensive remedies. Mr. Reagan passed the biggest tax cut ever, combined with an agenda of deregulation, monetary restraint and spending controls. Mr. Obama, of course, has given us a $1 trillion spending stimulus. By the end of the summer of Reagan's third year in office, the economy was soaring. The GDP growth rate was 5% and racing toward 7%, even 8% growth. In 1983 and '84 output was growing so fast the biggest worry was that the economy would 'overheat.' In the summer of 2011 we have an economy limping along at barely 1% growth and by some indications headed toward a 'double-dip' recession. By the end of Reagan's first term, it was Morning in America. Today there is gloomy talk of America in its twilight. My purpose here is not more Reagan idolatry, but to point out an incontrovertible truth: One program for recovery worked, and the other hasn't." --columnist Stephen Moore
Click to expand...


Was Reagan's recession defined by a sweeping foreclosure crisis that would take years to sort through regardless of government policy? No? Then you can't compare the two things.
 
more job creation!

In Korea.

General Motors Partners With Battery Supplier LG on Electric Vehicles
 
mercury14 said:
Was Reagan's recession defined by a sweeping foreclosure crisis that would take years to sort through regardless of government policy? No? Then you can't compare the two things.
Click to expand...

Did Reagan villify business, add excessive regulationsm, throw a $787B payoff to his political supporters to the detriment of the economy and foist an expensive new entitlement on the country when the economy was struggling?
 
vetteman said:
Last year on August 29th, Obama told Brian Williams he would announce a jobs program when he got back from vacation. Has he unveiled this years after vacation plan yet?????:rolleyes:
Click to expand...

no, but the obama did give a speech about why the jobs speech is Bush's fault
 
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