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

[NeverEndingMe]

Are you capable of doing ANYTHING but blaming Obama for your woes? Why don't you quit being a cry baby liberal and go make some fucking money so merc can have his cut and then you can really have something to bitch about.

The 08 housing blow out was CLINTON.....bush hammered the nail into the coffin by cutting taxes and starting a war (wars are expensive, gotta raise taxes to pay for that shit). Obama had jack and shit to do with our current economic woes.

are you cranky, need to get laid or BM?

 

[unregistered]

 

[NeverEndingMe]

You are an advocate for tyranny.

then why doesn't Merc pay higher taxes? oh wait, he's a liar

 

[mercury14]

You are an advocate for tyranny.

Nonsense. I think homosexuals such as yourself should be free of government overreach.

 

[unregistered]

 

[unregistered]

 

[Frizzle_Fry]

You think I want a cut of your money?

LOL no quite the opposite. I advocate for higher tax rates on people in my earning bracket.

Because you know how much I make.... (psssst! little secret.....drug dealers make more than shrinks! and so do a lot of day traders!)

http://dividendincomestocks.com/wp-content/uploads/2012/01/Pfizer.gif

And your job would be worthless without us to boot!! *knee slap*

are you cranky, need to get laid or BM?

Nope....just pointing out how fucking retarded you are for blaming our economic woes on a guy who got a pile of shit dropped in his lap by the 2 presidents that came before him.

 

[NeverEndingMe]

Because you know how much I make.... (psssst! little secret.....drug dealers make more than shrinks! and so do a lot of day traders!)




Nope....just pointing out how fucking retarded you are for blaming our economic woes on a guy who got a pile of shit dropped in his lap by the 2 presidents that came before him.

my issue with obama, dipshit, is the fact that he has no idea what he's doing.
the fact that obama is straight as a saw blade

 

[RobDownSouth]

You are an advocate for tyranny.

Yeah, mouthbreathers like you want a strong defense and your social security check....you just don't wanna pay for them.

but but taxes are tyranny! waaaaaah!

 

[NeverEndingMe]

we need more government spending, yes we can become Greece!

 

[NeverEndingMe]

Maybe obama goal is to help guide the DOW to 5,000?

 

[Frizzle_Fry]

my issue with obama, dipshit, is the fact that he has no idea what he's doing.
the fact that obama is straight as a saw blade

Oh I'm sorry I thought we were talking about his economics here....this is the economics thread is it not? All you were doing was pointing the finger at Obama with nothing to back it up were you not?

Please tell me...what has he done to fuck everything up. Go....

 

[Frizzle_Fry]

we need more government spending, yes we can become Greece!

Maybe obama goal is to help guide the DOW to 5,000?

Oh look at that...b/c Obama controls the DOW right? Can you tell me how he has effected the stock markets....

HAHAHA dude we blew our budget out 8 years before Obama hit the scene, deal with it.

 

[unregistered]

 

[Frizzle_Fry]

Don't forget to "deal" with the four years of Democrat control of Congress starting in the last two years of the Bush administration and the first two of the Obama administration.

we were fucked long before then......

Between Clinton's ticking time bomb "Fair Housing Act" and Bush cutting taxes before starting a war the writing was on the wall.

 

[Beco]

California

California ranks as the state with the third-highest unemployment rate, currently at 10.8 percent, in spite of job growth in the leisure and hospitality sectors in May.

 

[4est_4est_Gump]

OH Happy DAY!



The markets ended UP☝ on FRIDAY!

ReElected and it's understood,
ReElected and it feels so good...

We now return you to your regularly scheduled programming.

 

[4est_4est_Gump]

Boeing CEO Jim McNerney on Wednesday said U.S. companies face more regulatory barriers to growth than at any time in his long career as a businessman.

The 62-year-old McNerney, also chairman of the Business Roundtable, said regulatory agencies have crafted a host of new rules and enforced them more aggressively than prior administrations. He said regulators often take a hostile approach to business and that the prevailing attitude is companies “are guilty until proven innocent.”

McNerney made his remarks during the Business Roundtable’s presentation of its latest quarterly survey of top U.S. executives. CEOs say they plan to spend and hire less in the next six months than they previously expected. CEOs less optimistic about U.S. economy.

Asked by a reporter if regulations are any worse now than in decades past, McNerney gave an emphatic yes. “It’s different today. The attitude is different,” he said. “Unless you live it it’s hard to see it.”

McNerney said the Roundtable “hears about it all day long” from member companies. The group represents large U.S. firms that employ more than 14 million people and generate sales in excess of $6 trillion a year.

As examples, McNerney cited lengthy holdups at the Federal Drug Administration for approval of medical devices and resistance at the Environmental Protection Agency to new energy projects involving fossil fuels.

He also mentioned Boeing’s own high-profile fight with a federal agency over the jetmaker’s decision to build a large manufacturing plant in South Carolina operated by non-union workers. The National Labor Relations Board accused Boeing of opening the new plant in violation of U.S. labor law, but it later dropped the case. Had Boeing lost the case it could have been forced to close a plant it spent nearly $1 billion to build.

“The EPA, FDA, NLRB – there is example after example,” McNerney said.

Presumably McNerney has made the same complaints to President Obama. After all, McNerney is a member of the president’s advisory council on American jobs and competitiveness. The president even visited a Boeing plant in Washington state early this year to deliver a speech.

McNerney has become increasingly critical of Washington. Several months ago, McNerney lamented the lack of business experience in the Obama White House specifically and Congress in general.

Of particular concern to businesses is the threat of a “fiscal cliff” at the start of 2013, when large tax increases and sharp spending cuts are slated to take effect unless Congress changes the law. McNerney said a stalemate in Washington is making some companies scale back plans for spending and hiring until they know the outcome.

“The regulatory and tax environment is not clear,” McNerney said. ““We don’t know how capital will be taxed – so there is a little bit of restraint as we approach the end of the year.”

The Boeing CEO urged Democrats and Republicans to strike a compromise even if the deal is far from perfect. “These investments are for 20 years,” he said. “You have to be able to make some assumptions.”

McNerney said companies could boost spending by billions of dollars if Washington acted.

Jeffry Bartash
http://blogs.marketwatch.com/electi...-says-u-s-regulatory-climate-worse-than-ever/

Ignore it, it's just a blog, not a book...

More rw HACKERY!

 

[4est_4est_Gump]

Washington, D.C. "is basically a parasitic economy," says author and Weekly Standard Senior Editor Andrew Ferguson. "It sucks up the money from the rest of the country and puts people to work here."

In a recent Time magazine article titled "Bubble on the Potomac," Ferguson argues that D.C.-area residents are growing ever richer at the expense of the rest of the country, which has created a cultural disconnect that results in bad laws.

http://reason.com/blog/2012/06/22/washingtons-parasitic-economy-with-the-w

 

[4est_4est_Gump]

(CNN) -- Two years ago this week, the Obama administration hailed the advent of the "Summer of Economic Recovery." The president's stimulus bill had passed a Democratic-controlled Congress just over a year before, accompanied by rosy predictions on job creation from the administration.

President Obama claimed that "the economy is headed in the right direction," and Vice President Joe Biden confidently predicted the creation of 250,000 to 500,000 new jobs a month. Meanwhile, Treasury Secretary Timothy Geithner published an op-ed in The New York Times boldly entitled "Welcome to the Recovery."

Two years later, Americans are still waiting for the recovery. Today's job figures are well below the 250,000 to 500,000 jobs per month that Vice President Biden forecast. This year, the economy created a dismal 77,000 jobs in April and just 69,000 jobs in May, less than half of the 150,000 jobs needed each month just to keep up with population growth. Unemployment, which the White House predicted would shrink below 6% by April 2012, has remained at or above 8% for 40 straight months.

It doesn't take an economist to realize the president's economic policies have spectacularly failed to make things better.

John Thune
http://www.cnn.com/2012/06/22/opinion/thune-obama-jobs/index.html

 

[4est_4est_Gump]

NOT being killed by Regulation?

Question: Do you fill your car’s tank with gasoline that is part cellulosic ethanol, an environment-friendly distillate of wood chips, corn cobs, and switch grass? Let me answer for you: No, you don’t. You couldn’t if you wanted to. Petroleum products blended with cellulosic ethanol aren’t commercially available, because the technology for mass-producing cellulosic ethanol hasn’t been perfected. None of which has stopped the Environmental Protection Agency from imposing hefty yearly fines on oil refiners. According to the The New York Times, in 2011 automotive fuel producers were assessed $6.8 million in penalties. That amount is expected to climb dramatically this year. Guess who ends up footing the bill for the difference?

This has got to be the ultimate example of government bureaucracy gone mad. How did it happen? Blame can be divided over the last two administrations. In his 2006 State of the Union Address, George W. Bush promised to “fund additional research in cutting-edge methods of producing ethanol, not just from corn, but from wood chips and stalks or switch grass.” The following year, Bush signed into law the Energy Independence and Security Act of 2007 (EISA), which mandates that oil refiners begin blending cellulosic ethanol into their gasoline and diesel products.

The “advanced biofuel contribution” under the law was to begin in 2009 at 0.6 billion gallons of cellulosic biomass and rise incrementally, first to 1.35 billion gallons in 2011, then to 2 billion gallons in 2012, and so on. By 2022, 21 billion gallons of fuel pumped into the nation’s cars and trucks was to be cellulosic ethanol.

The law further stipulated that if refiners failed to comply with the EPA mandate, they would pay a penalty.

The only problem with this arrangement was that the grant recipients responsible for coming up with Bush’s “cutting-edge methods of producing ethanol … from wood chips and stalks or switch grass” instead came up empty. In a 2011 report, the National Academy of Sciences concluded that “currently, no commercially viable bio-refineries exist for converting cellulosic biomass to fuel.” The report also noted that the renewable fuel standard “may be an ineffective policy for reducing global greenhouse gas emissions,” since the full life cycle of the fuel, including its transport, could lead to higher emissions than conventional petroleum.

Undaunted, the Obama administration has forged blindly ahead, continuing the elusive search for a technology that will produce cellulosic biomass—at taxpayers’ expense. Since thanks to the EPA mandate we are already paying more at the pump, the American people are truly getting nothing for something.

http://hotair.com/archives/2012/06/22/epa-fines-oil-refiners-for-failing-to-use-nonexistent-biofuel/

 

[4est_4est_Gump]

Can you say "Eurobond Derivatives?"

http://finance.townhall.com/columni...oching_and_imf_economic_illiteracy/page/full/

 

[JohnnySavage]

http://hotair.com/archives/2012/06/22/epa-fines-oil-refiners-for-failing-to-use-nonexistent-biofuel/

I tried to fact check this article because it sounded wacky. The story is reposted on all the suspect conspiracy web sites, but there's no reference to it on the EPA's enforcement web page. There's a court case where the refiners are suing to have the court issue a stay in enforcement of the fuel standards, but no indication that any fine has been imposed.

 

[4est_4est_Gump]

I tried to fact check this article because it sounded wacky. The story is reposted on all the suspect conspiracy web sites, but there's no reference to it on the EPA's enforcement web page. There's a court case where the refiners are suing to have the court issue a stay in enforcement of the fuel standards, but no indication that any fine has been imposed.

 

[JohnnySavage]

I've been suckered.

Please provide a billing address for my 20 minutes of research.