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

[koalabear]

Stocks retreat as euro hope fades

 

[Sean Renaud]

I love you koala. If your loud the market is down (even a little) if you're quiet it's up. You're so cute!

 

[koalabear]

I love you koala. If your loud the market is down (even a little) if you're quiet it's up. You're so cute!

What about my loud?

 

[Sean Renaud]

What about my loud?

It's sexeh

 

[koalabear]

Chip stocks pull market lower

 

[jeninflorida]

Not to be "Debbie downer" but I the only thing I see in out future, is more recession.

I'm praying that we don't drift down into a depression.

 

[Sean Renaud]

Not to be "Debbie downer" but I the only thing I see in out future, is more recession.

I'm praying that we don't drift down into a depression.

Since we've been out of the recession for years now I can only accuse you of blindness.

 

[unregistered]

 

[jeninflorida]

Since we've been out of the recession for years now I can only accuse you of blindness.

Save your rhetoric for the family that's been living on food stamps for the past 2-3 years.

 

[unregistered]

 

[Sean Renaud]

Save your rhetoric for the family that's been living on food stamps for the past 2-3 years.

It's not rhetoric. The recession is long over.

Never mind Sean, he could see a turd in the punch bowl and think it was a Baby Ruth.

Baby Ruth?! Who the fuck would purposely put that in their mouth?!

 

[jeninflorida]

Never mind Sean, he could see a turd in the punch bowl and think it was a Baby Ruth.

Yeah, but I really feel bad for the guy. I don't think he tries to be an ass like some of the others, just think he's confused on many issues and possibly his own sexuality.

 

[coachdb18]

Not to be "Debbie downer" but I the only thing I see in out future, is more recession.

I'm praying that we don't drift down into a depression.

As an optimist, I feel America will one day recover from the destructive impact of Obama and his crushing economic blows to the American economy. Truth, we will recover in spite of Obama, and certainly not because of him.

 

[Sean Renaud]

As an optimist, I feel America will one day recover from the destructive impact of Obama and his crushing economic blows to the American economy. Truth, we will recover in spite of Obama, and certainly not because of him.

No we won't. We'll improve because he took the first steps towards a better America. Feeble steps though they may be but nobody accused him of being a man.

 

[unregistered]

 

[unregistered]

 

[Sean Renaud]

26 million unemployed Americans think differently.

Ahahahaha.

First. It's not my fault they don't the definition of words.
Second. It's not my fault you and yours refuse to tax the rich and grow the public sector until this shit is over.
Third. 26 million? That sounds really low. If it's really just 26 million lets just feed, clothe and house them and call it a goddamn day. We have actual problems in the world.

 

[unregistered]

 

[Sean Renaud]

That 26 million are not the poor, they are people who are normally employed full time and footing the bill for the poor.

If you want to accept the liberal proposition that the "rich" should pick up even more than they do now, that's one thing; but being about liberty instead of Socialism, I believe the government should be cut dramatically, and income, property, and liberty returned to the people.

Let me ask you this, if we took 100% of the income and property of the American "rich" and converting it to cash, we'd have enough to fund one half of the unfunded liabilities of the government, but what would we do next year?

Those 26 million are poor now aren't they.

Yep, the rich should pick up more than they do more, or ideally we just get more rich people. It's really better on all fronts if we simply smack a billionaire and create 1000 millionaires. It's more complicated than that in practice of course but still.

As for your question it's retarded. First it's simply a lie someone told you and you bought it. The top 10% last I checked paid roughly 50% of all (income) taxes and the top 50% paid 100% of all (income) taxes. We have a roughly 3 trillion dollar budget and a 1.6 trillion dollar deficit taxing the rich at 36%. Are you seriously claiming that when 36% taxes (of which we know they are paying a fraction between capital gains and other loopholes) that 100% (assuming they kept working which in your hypothetical is assumed) that we couldn't pay for 3 trillion? Seriously. Pull the other one.

 

[unregistered]

 

[jeninflorida]

As an optimist, I feel America will one day recover from the destructive impact of Obama and his crushing economic blows to the American economy. Truth, we will recover in spite of Obama, and certainly not because of him.

Just like with WWI (and influenza), The Great Depression, and now this. While it makes me uncomfortable and I worry, we will get along. Just like on the GB, we have the great whiners that want more money dumped into Government and Entitlements (and Europe has proven that this approach doesn't work) while others get off his or her ass and do what needs to be done.

This election will be interesting to watch. Will we follow this downward cycle, or will America vote for change and a better future?

 

[Sean Renaud]

Just like with WWI (and influenza), The Great Depression, and now this. While it makes me uncomfortable and I worry, we will get along. Just like on the GB, we have the great whiners that want more money dumped into Government and Entitlements (and Europe has proven that this approach doesn't work) while others get off his or her ass and do what needs to be done.

This election will be interesting to watch. Will we follow this downward cycle, or will America vote for change and a better future?

Actually Europe, England in particular has proven that removing entitlements FUCKS you over and every couple of weeks the stock market takes a hit because we're afraid Europe won't keep dumping money.

 

[eyer]

An Economic Engine of the World Begins To Run Out of Diesel...

Cummins’s overseas growth engines sputter

SAN FRANCISCO (MarketWatch) — Cummins, the Indiana-based truck engine maker, cut its revenue outlook Tuesday, providing a somber blueprint for a whole raft of second-quarter reports from the industrial heartland.

In a short, matter-of-fact news release, Cummins said the 10% sales growth it had expected in 2012 simply isn’t happening. So they dialed back expectations, predicting that sales this year would come in at $4.45 billion, or roughly the same as in 2011. Read about Cummins's revised sales outlook.

It was a cruel blow to Cummins’s CMI -8.94% share price, which tumbled 9% on the news. Clearly, a lot of investors didn’t see this one coming.

The problem, according to Cummins, is not just an obviously sluggish U.S. economy, but dashed hopes in Brazil, China and India, three huge markets where the CEO and Chairman Tom Linebarger said demand “is not improving as we had previously expected.”

http://www.marketwatch.com/story/cu...ngines-sputter-2012-07-10?link=MW_latest_news



I read last night an economist portend that the most shocking economic news that will be exposed by the end of the year is the dramatic evaporation of corporate profits...

...what will the socialists do when that golden goose ceases to lay the eggs they illegitimately claim for the prime hope of the world's survival?

 

[jeninflorida]

http://www.marketwatch.com/story/cu...ngines-sputter-2012-07-10?link=MW_latest_news



I read last night an economist portend that the most shocking economic news that will be exposed by the end of the year is the dramatic evaporation of corporate profits...

...what will the socialists do when that golden goose ceases to lay the eggs they illegitimately claim for the prime hope of the world's survival?

and to complete the perfect storm, we just need Iran/Egypt to fire a missile at US or Israel.

 

[Sean Renaud]

The question is not "retarded." You just don't understand its implications. The top 1 percent pay over a third of all income taxes paid in America now. You have half the population paying no income taxes, and a government spending 45% plus more than they take in.

So you think the big solution is to steal more money from the top? My point was, if you took all they have, you would have nothing next year, the government having unfunded liabilities that exceed by a 100% the total assets of the "rich."

Yes they do. The top 1% pay over a third of the income taxes, and the top 10% last I checked pay nearly 50% of income taxes with the next 50% soaked up by the next 43%. We managed to balance that under Clinton. Sure it sounds absurd but we made it work and prior to Reagan we were actually paying down the debt from WWII. The rich can take it.

Your point was simply wrong. We are taking 36% of their income and paying for roughly 66% of our bills today. To claim that 100% of their income wouldn't cover the bills is an absurd lie on it's face. Not that I want to take 100% of their income. I'd like to start with 39% and then seeing what needs cutting to get things back to a balanced point but that doesn't change the simple fact that taking everything from them would pay off the deficit in a heart beat and take a healthy chunk out of the debt.