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

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RobDownSouth said:
And that's what's wrong with your argument, little feller: You give us a personal anecdote and expect us good God-fearin' people to believe it refudiates facts.

This is one of the main reason people don't take you seriously.
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You're an idiot. You just spout off what you think you know in order to ad hominem others instead of actually looking at the evidence provided.

You are not worth our time Mr. Jesus.
 
4est_4est_Gump said:
This is WITH the addition of solar generators and batteries...
We don't get natural gas (or cable).
Your own link shows gas prices are at record levels, not constant levels.
Just because they tighten the distance between years...
;) ;)
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You seem mighty fearful, little feller. Moreso than normal. Why don't you go hide under the bed. Might make you feel a bit safer. Don't take the whole bag of Cheetos, remember how bad they upset your belly last time.
 
4est_4est_Gump said:
This is WITH the addition of solar generators and batteries...

We don't get natural gas (or cable).

Your own link shows gas prices are at record levels, not constant levels.

Just because they tighten the distance between years...


;) ;)
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It's not that the price of energy has gone up, it's the fact that people are using more of it.

Two cars (even accounting for the CAFE standards), multiple tvs, computers, iPhones, iPods, 75 in the winter/70 in the summer, more lights, bigger houses, washers/dryers...

The American standard of living is expensive.
 
JohnnySavage said:
It's not that the price of energy has gone up, it's the fact that people are using more of it.

Two cars (even accounting for the CAFE standards), multiple tvs, computers, iPhones, iPods, 75 in the winter/70 in the summer, more lights, bigger houses, washers/dryers...

The American standard of living is expensive.
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I'm sorry, but my life and consumption habits are incredibly stable.

We have even cut out the grow light for wintering plants and starting the early garden.

Amerin UE is jacking up prices in response to the Obama Administration's efforts to make us more green. WE'VE gone green, as green as possible, just in order to try and protect ourselves, but here in the Bootheel, we have two problems. Sun, which is rare, and wind, which is either calm or destructive, there is no happy medium.

I suggest you might concentrate your search not so much on the price of raw material as the rates forced by artificially accelerated recapitalization of power sources.
 
JohnnySavage said:
It's not that the price of energy has gone up, it's the fact that people are using more of it.

Two cars (even accounting for the CAFE standards), multiple tvs, computers, iPhones, iPods, 75 in the winter/70 in the summer, more lights, bigger houses, washers/dryers...

The American standard of living is expensive.
Click to expand...

that is true, and we need more nuclear power! solar and wind, are nice toys but will never scale up.
 
Stocks mostly lower on GDP report
US economic growth comes in lower than expected. Procter & Gamble and Ford earnings disappoint. Consumer sentiment improves. Gold and oil gain.
 
Had I been asked to deliver the State of the Union address, it would not have delayed your dinner plans:

“The State of our Union is broke, heading for bankrupt, and total collapse shortly thereafter. Thank you and goodnight! You’ve been a terrific crowd!”

I gather that Americans prefer something a little more upbeat, so one would not begrudge a speechwriter fluffing it up by holding out at least the possibility of some change of fortune, however remote. Instead, President Obama assured us at great length that nothing is going to change, not now, not never. Indeed the Union’s state — its unprecedented world-record brokeness — was not even mentioned. If, as I was, you happened to be stuck at Gate 27 at one of the many U.S. airports laboring under the misapprehension that pumping CNN at you all evening long somehow adds to the gaiety of flight delays, you would have watched an address that gave no indication its speaker was even aware that the parlous state of our finances is an existential threat not only to the nation but to global stability. The message was, oh, sure, unemployment’s still a little higher than it should be, and student loans are kind of expensive, and the housing market’s pretty flat, but it’s nothing that a little government “investment” in green jobs and rural broadband and retraining programs can’t fix. In other words, more of the unaffordable same.

The president certainly had facts and figures at his disposal. He boasted that his regulatory reforms “will save business and citizens more than $10 billion over the next five years.” Wow. Ten billion smackeroos! That’s some savings — and in a mere half a decade! Why, it’s equivalent to what the government of the United States borrows every 53 hours. So by midnight on Thursday Obama had already re-borrowed all those hard-fought savings from 2017. “In the last 22 months,” said the president, “businesses have created more than three million jobs.” Impressive. But 125,000 new foreign workers arrive every month (officially). So we would have to have created 2,750,000 jobs in that period just to stand still.
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Mark Steyn, NRO
 
It gets even funnier...

The so-called “Buffett Rule” is indicative not so much of “common sense” as of the ever widening gap between the Brobdingnagian problem and the Lilliputian solutions proposed by our leaders. Obama can sacrifice the virgin daughters of every American millionaire on the altar of government spending and the debt gods will barely notice so much as to give a perfunctory belch of acknowledgement. The president’s first term has added $5 trillion to the debt — a degree of catastrophe unique to us. In an Obama budget, the entire cost of the Greek government would barely rate a line-item. Debt-to-GDP and other comparative measures are less relevant than the hard-dollar numbers: It’s not just that American government has outspent America’s ability to fund it, but that it’s outspending the planet’s.

Who gets this? Not enough of us — which is exactly how Obama likes it. His only “big idea” — that it should be illegal (by national fiat) to drop out of school before your 18th birthday — betrays his core belief: that more is better, as long as it’s government-mandated, government-regulated, government-staffed — and funded by you, or Warren Buffett, or the Chinese Politburo, or whoever’s left out there.

What of his likely rivals this November? Those of us who have lived in once-great decaying polities recognize the types. Jim Callaghan, prime minister at 10 Downing Street in the Seventies, told a friend of mine that he saw his job as managing Britain’s decline as gracefully as possible. The United Kingdom certainly declined on his watch, though not terribly gracefully. In last Monday’s debate, Newt Gingrich revived the line and accused by implication Mitt Romney of having no higher ambition than to “manage the decline.” Running on platitudinous generalities, Mitt certainly betrays little sense that he grasps the scale of the crisis. After a fiery assault by Rick Santorum on Romney’s support for an individual mandate in health care, Mitt sneered back at Rick that “it wasn’t worth getting angry over.” Which may be a foretaste of the energy he would bring to any attempted course correction in Washington.

Newt, meanwhile, has committed himself to a lunar colony by the end of his second term, and, while pandering to an audience on Florida’s “Space Coast,” added that, as soon as there were 13,000 American settlers on the moon, they could apply for statehood. Ah, the old frontier spirit: I hear Laura Ingalls Wilder is already working on Little House in the Crater.
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http://www.nationalreview.com/blogs/print/289543
 
You would think that with one of the weakest economic recoveries on record, President Obama would be desperately searching for ways to promote economic growth. It is, after all, an election year. Most pundit and pollsters agree that it’s the economy stupid.

But instead, Obama used his State of the Union speech to rail on about fairness, inequality, and redistribution. The Obama strategy is simple: Tax the rich because they don’t pay enough.

The problem is, they do pay enough. According to the Tax Foundation, Americans making $1 million or more pay a 25 percent average tax rate. People in the $50,000 to $100,000 income category — call it the middle class — pay 7 to 8 percent.

But no, Obama’s one big idea in his Tuesday-night speech was a 30 percent minimum tax on millionaires. This, by the way, is really a hike in the capital-gains tax. And this Obama penalty is aimed squarely at his likely election opponent, Mitt Romney. Talk about taxing success. Talk about taxing growth.

The capital-gains tax is the single most important economy-wide tax on wealth, risk-taking, and investment. It’s a tax on seed corn (Bastiat). What a brilliant idea, Mr. President
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Larry Kudlow (who's been saying the economy is improving U_D, long before dizzybody, your new economic guru...)
NRO

Deep recessions are supposed to breed strong snap-back recoveries. But it’s not happening — even after an $800 billion government-spending package, a $2 trillion Federal Reserve balance-sheet expansion, a zero Fed interest rate (for three years and counting), and a whole bunch of temporary targeted tax cuts.

It’s the whole Keynesian bag of tricks, but it’s still a very subpar recovery.

Way back when, Ronald Reagan used the supply-side model, and rejected big-government Keynesianism. He permanently lowered marginal tax rates, deregulated the economy, went to a strong King Dollar that collapsed oil and gold prices, and limited domestic spending (as a share of GDP). After ten quarters of recovery, the Reagan growth rate was 6 percent.

Compare that to Obama’s 2.4 percent. Or compare Obama’s 2.4 percent to the 4.6 percent post-WWII average recovery rate after ten quarters. The average is twice as good as Obama. But Obama is only roughly a third of Reagan. That tells you something.

On top of all this, under current-law Obama policy, the vitally important capital-gains tax is going up, even without the millionaire’s minimum. Next year, the capital-gains tax will revert to 20 percent from today’s 15 percent. Then Obamacare will raise investment tax rates by 4 percent, bringing us up to 24 percent. That equals an 11 percent rollback of wealth and growth incentives.

But that’s not all, since the capital-gains tax is paid on top of the 35 percent corporate tax. So under Obama, a 24 percent cap-gains tax is really a 51 percent tax rate on capital.
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http://www.nationalreview.com/blogs/print/289546
 
4est_4est_Gump said:
It could not be better!

(Well, I could have a completely functioning liver... ;) ;) )



I am not a nutjob; I just talk to them...

:)
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You are a nutjob, and you have to talk to them!

Kidlets what, 10 now?

And livers are overrated, otherwise they'd never cut em into bits to transplant.
 
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