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

[koalabear]

At least he's not trying to get me fired. That would suck right after my new promotion and pay raise.

Oh congratulations on your promotion. It's a big step from plunger boy to urinal mints, you've earned it, MOTroll.

 

[koalabear]

massive comeback as the market nears the closing bell.......

11,377.82Down-115.90 -1.01%

http://data.moneycentral.msn.com/scripts/chrtsrv.dll?Symbol=$us:INDU&width=300&height=200&E1=0&D4=1&Legend=0&AF=2&Banner=5&palette=2&C1=3&E8=1

11,258.46Down-235.26 -2.05%

 

[trysail]

Please explain to me why anyone with capital would be encouraged to place that capital at risk when the spectre of massive tax increases looms right around the corner?

The Bush tax cuts set a new and lower 10% for low income families. They indexed the 15% bracket. They lowered the top bracket from 39.6% to 35%. They reduced capital gains from 20% to 15%. Dividends were taxed at a maximum of 15% rather than as ordinary income. Child credits were raised as was the maximum deduction for dependent care. If the cuts expire, all these breaks disappear. In addition, at the end of 2012, the 35% estate tax coupled with a unified credit/deduction of $5 million per person reverts to a 55% rate with a $1 million exemption. Then there are the high income and Medicare surcharges due to kick in at the start of 2013 that can add another 4% for some. The key point is that all this ugliness happens automatically. Congress has to take positive action to extend any or all of these cuts.

 

[Sean Renaud]

Please explain to me why anyone with capital would be encouraged to place that capital at risk when the spectre of massive tax increases looms right around the corner?

Because they'll make money. They'd have to be stupid not to.

True 90% of 100 is more than 50% of 100 but both are more than 100% of 0.

 

[koalabear]

at the bell.........oops......

11,257.55Down-236.17 -2.05%

 

[trysail]

Because they'll make money. They'd have to be stupid not to.

True 90% of 100 is more than 50% of 100 but both are more than 100% of 0.

With logic like that, it's safe to assume that we don't have to worry about you getting a business or economics textbook published.

 

[Sean Renaud]

With logic like that, it's safe to assume that we don't have to worry about you getting a business or economics textbook published.

It's simply common sense actually. Why would they pass up money because some percentage of it might be taken? Granted there is a point where it's not worth it but even the most radical lefty in Congress isn't talking about anything truly extreme. Right now it's mainly about a 3% increase.

 

[unregistered]

 

[eyer]

Please explain to me why anyone with capital would be encouraged to place that capital at risk when the spectre of massive tax increases looms right around the corner?

I believe socialists call that patriotism...

 

[unregistered]

 

[Ulaven_Demorte]

Biggest tax increase in history next year.

It's not a tax increase you twit, it's the sunset of a tax cut that should have happened already.

I'll bet that you complain that a store "raised it's prices" when a sale ends.

 

[Ulaven_Demorte]

There is no food inflation right?

I know it's tough to keep track, what with it happening so often, but you've already been demolished on that little factoid before.

 

[koalabear]

It's not a tax increase you twit, it's the sunset of a tax cut that should have happened already.

I'll bet that you complain that a store "raised it's prices" when a sale ends.

I know it's tough to keep track, what with it happening so often, but you've already been demolished on that little factoid before.

The MOTroll is back.

 

[Disgustipated]

I know it's tough to keep track, what with it happening so often, but you've already been demolished on that little factoid before.

The funny thing is, he doesn't even know why the prices have increased. So here's a little more schooling for him:

"The main reason for higher prices this year is the increase in commodity prices, as the global economy picks up," she said. "Weather events such as flooding in the Midwest and drought in the southern Plains also played a role."

Grain prices began surging in 2010 when drought devastated the Russian wheat crop and continued to rise on the heels of a smaller-than-expected U.S. corn crop, Alexander said.
"Because of these substantially higher commodity grain prices and the drought in the southern Plains, livestock and dairy producers have delayed expansion or even continued reducing their herds," she said. "As a result, consumers have seen higher prices for meat and dairy products in 2011. These higher prices will continue into 2012."

And Turkey Day cost less in Louisiana this year compared to last year.

Oh, and Turkey Day in 2011 is less expensive than it was in 2009

And another little link just for the hell of it that fucks up his claim.

These factoids that slap vettebigot across his wrinkly face are reasons he just had to put me on ignore.

What a tool.

 

[unregistered]

 

[koalabear]

Bullshit. What you clowns say doesn't make it so. Government induced corn shortages have cause food prices to rise, that's true; but all commodities are priced in dollars, the prices of which reflect a weak dollar as well as the effects of supply and demand.

He doesn't care, he was just promoted to urinal mint boy at work.

 

[unregistered]

 

[koalabear]

Did you warn him not to eat the big white mints?

He wouldn't listen, let him learn the hard way.

 

[unregistered]

 

[busybody..]

NIGGERPOONZANDI

Last seen screaming

CBO LIES









IBD Editorials


The CBO Quietly Downgrades Obama's $825 Bil Stimulus


Posted 11/23/2011 07:00 PM ET




Recovery: After nearly all the stimulus money has been spent, the Congressional Budget Office now admits it cost more than advertised, did less to boost growth and will hurt the economy in the long run.

In its latest quarterly report on the economic effects of the Obama stimulus, the CBO sharply lowered its "worst case" scenario while trimming many of its upper-bound estimates for stimulus-fueled growth and employment.

The new report finds, for example, that the stimulus may have added as little as 0.7% to GDP growth in 2010 — when spending was at its peak — and created as few as 700,000 new jobs.

Both are down significantly from the CBO's previous worst-case scenario.

The report also lowered the best-case estimate for added growth in 2010 to 4.1% from 4.2%.

In addition, the CBO says the extra infrastructure money didn't boost growth as much as it previously claimed, because states reacted by spending less out of their own budgets on highways.

So in other words, the CBO now says it's possible that the stimulus had virtually no meaningful effect on growth and employment despite its massive price tag.

All this comes after the CBO increased that price tag to $825 billion from its initial $787 billion — a 5% hike.


Subscribe to the IBD Editorials Podcast

Adding insult to injury, the new report also says the stimulus will hurt economic growth in the long run because of "the resulting increase in government debt." Each dollar of additional debt, it reports, "crowds out about a third of a dollar's worth of private domestic capital."

In our view, even the CBO's downgraded estimates are too high, because they're still based entirely on Keynesian economic models that simply assume extra government spending results in added economic growth.

You don't have to look very hard to see this isn't what happened.

While Obama promised the massive stimulus would "ignite spending by businesses and consumers," unleash "a new wave of innovation, activity and construction," and keep unemployment under 8%, what we actually got was the worst recovery since the Great Depression.

 

[4est_4est_Gump]

Please explain to me why anyone with capital would be encouraged to place that capital at risk when the spectre of massive tax increases looms right around the corner?

WACO, Ga. -- A west Georgia business owner is stirring up controversy with signs he posted on his company's trucks, for all to see as the trucks roll up and down roads, highways and interstates:

"New Company Policy: We are not hiring until Obama is gone."

"Can't afford it," explained the employer, Bill Looman, Tuesday evening. "I've got people that I want to hire now, but I just can't afford it. And I don't foresee that I'll be able to afford it unless some things change in D.C."

...

Looman made it clear, talking with 11Alive's Jon Shirek, that he is not refusing to hire to make some political point; it's that he doesn't believe he can hire anyone, because of the economy. And he blames the Obama administration.

"The way the economy's running, and the way my business has been hampered by the economy, and the policies of the people in power, I felt that it was necessary to voice my opinion, and predict that I wouldn't be able to do any hiring," he said.

http://www.11alive.com/news/article/214228/3/Company-Policy-We-are-not-hiring-until-Obama-is-gone

Yeah, U_D, everything's alright, yes everything's fine,
And we want you to sleep well tonight...

 

[Ulaven_Demorte]

Bullshit. What you clowns say doesn't make it so. Government induced corn shortages have cause food prices to rise, that's true; but all commodities are priced in dollars, the prices of which reflect a weak dollar as well as the effects of supply and demand.

A little taste of demolishment just for you on Turkey day.

The funny thing is, he doesn't even know why the prices have increased. So here's a little more schooling for him:



And Turkey Day cost less in Louisiana this year compared to last year.

Oh, and Turkey Day in 2011 is less expensive than it was in 2009

And another little link just for the hell of it that fucks up his claim.

These factoids that slap vettebigot across his wrinkly face are reasons he just had to put me on ignore.

What a tool.

 

[busybody..]

NIGGER UD and NIGGERPOONZANDI are un thinking orangutan's

 

[busybody..]

A little taste of demolishment just for you on Turkey day.

the link is from MEDIA MATTERS

I guess BOZO THE CLOWN LINK

wasnt available?

 

[4est_4est_Gump]

Look at them scramble to carefully cherry-pick facts...

The retail cost of items for a classic Thanksgiving dinner of turkey, stuffing, cranberries, pumpkin pie and all the other basic trimmings increased about 13 percent in 2011, according to the American Farm Bureau Federation.

AFBF's 26th annual informal price survey shows the cost of the traditional meal for 10 is $49.20 - $5.73 more than last year - but the federation believes it is still worth it.

http://republicanherald.com/news/thanksgiving-dinner-costs-13-percent-more-this-year-1.1236917

Getting there won't be any better...

A survey by the auto club also shows hotel rates are up about six percent from Thanksgiving last year.

...

And, while gas prices have been dropping lately in Wisconsin, they're still about 40 cents more per gallon than last Thanksgiving.

http://www.todaystmj4.com/news/local/134434593.html

But, there's no inflation, well, not MASSIVE inflation, so therefore, Obamanomics is still a winner, besides, they HAVE food stamps...

LET THEM EAT CAKE and ARUGULA!