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

[unregistered]

 

[bra_man69]

Sean renaud thinks it's aright to have food a job, housing and health care.

 

[eyer]

The U.S. economy is in a massive amount of trouble. There aren't enough jobs. There isn't enough money to go around. Business activity is slowing down again. Household wealth has been falling. Food prices have been rising. Many state and local governments all over the country are flat broke and are drowning in debt. The federal government has been rolling up unprecedented amounts of debt in an attempt to keep things going, but everyone knows that kind of borrowing is simply unsustainable. So where do we go from here? We consume far more than we produce and we use debt to make up the difference. 40 years ago the total amount of debt in America (government, business and consumer) was less than 2 trillion dollars. Today it is nearly 55 trillion dollars. How in the world did we let the total amount of debt in the United States grow more than 27 times larger over the past 40 years? Our economic system is fundamentally broken, but most Americans don't realize it yet because times are still relatively good.

However, the next great economic crisis is going to wake a whole lot of Americans up.

And when they realize what has happened to our future, they are going to be really, really angry.

Enjoy the good times while they last. The next recession is rapidly approaching, and it will not be pleasant.

The following are 20 signs that all point to the exact same thing....

#1 The unemployment rate in the U.S. has been above 8 percent for 40 months in a row, and 42 percent of all unemployed Americans have been out of work for at least half a year. As I wrote about recently, there are never going to be enough jobs in America ever again. As bad as things are right now, they are about to get even worse. So what is our country going to look like once the unemployment rate starts shooting up rapidly once again?

#2 35 percent of all unemployed workers have had to dip into retirement savings in order to make ends meet over the past year.

#3 Since 2008, the U.S. economy has lost 1.3 million jobs while at the same time 3.6 million more Americans have been added to Social Security's disability insurance program.

#4 A recent survey conducted by the National Association for Business Economics found that only 23 percent of all U.S. companies plan to hire more workers over the next 6 months. When the same question was asked a few months ago that number was at 39 percent.

#5 An important measure of U.S. manufacturing activity has fallen to its lowest level since June 2009.

#6 Hundreds of thousands of federal jobs at civilian agencies will likely be lost if Congress allows the automatic federal budget cuts to go into effect next year. The following is from a recent article posted on federalnewsradio.com....

A report released Tuesday suggests that several hundred thousand federal jobs at civilian agencies would be on the chopping block within the next year if Congress lets the automatic budget cutting process known as sequestration go into effect.

The study, authored by George Mason University professor Stephen Fuller, adds a new dimension to a budget debate that's so far been centered on sequestration's effects on the military.

#7 The teen unemployment rate in Washington D.C. right now is 51.7 percent.

#8 Gallup's U.S. Economic Confidence Index is now the lowest that it has been since January.

#9 The median net worth of U.S. households in 2007 was $126,400. By 2010, it had fallen to just $77,300.

#10 Pensions at S&P 500 companies are more under-funded than they have ever been before.

#11 According to the New York Times, state and local governments across America "shortchanged their pension plans by more than $50 billion" between 2007 and 2011.

#12 The city of Compton, California is evaluating whether or not it should declare bankruptcy. If it did, it would become the fourth California city to declare bankruptcy this year.

#13 The percentage of U.S. households that are spending more than half their incomes on housing is at an all-time high.

#14 For the first time in modern history, Canadian households are wealthier than American households are.

#15 One recent poll found that 42 percent of all Americans believe that China is the leading economic power in the world while only 36 percent believe that the U.S. is still the leading economic power in the world.

#16 According to the federal government, the price of food rose much faster than the general rate of inflation did during 2011. Just check out these rates of food inflation for 2011....

Beef: +10.2%
Pork: +8.5%
Fish: +7.1%
Eggs: +9.2%
Dairy: +6.8%
Oils and Fats: +9.3%

If that happened during a somewhat "normal year", what will food prices look like after we are done with the drought of 2012?

#17 The price of a bushel of corn has risen by 54 percent since mid-June.

#18 According to one survey, 42 percent of all American workers are living paycheck to paycheck.

#19 A different survey found that 28 percent of all Americans have absolutely no emergency savings at all right now.

#20 Federal Reserve Chairman Ben Bernanke made the following statement to Congress on Tuesday: "At this point we don't see a double dip recession. We see continued moderate growth."
#20 Federal Reserve Chairman Ben Bernanke made the following statement to Congress on Tuesday: "At this point we don't see a double dip recession. We see continued moderate growth."

Do you remember that old Seinfeld episode when George Costanza decided that he would "do the opposite" of everything that his instincts were telling him to do and everything started working out great for him?

Well, when it comes to Federal Reserve Chairman Ben Bernanke, the key is to "believe the opposite" of everything that he says.

And since Bernanke does not believe that a double dip recession is going to happen, that probably means that we are about to hit another recession.

If you doubt this theory about Bernanke, just go back and check out his track record.

Michael Snyder

The rest of the story @

http://theeconomiccollapseblog.com/...e-exact-same-thing-can-you-guess-what-that-is

 

[busybody..]

Once

Gov stats show the following

Once again, the NIGGERZ will never ever comment on it

But scream

AD HOMENIM and BIRTHER

19 Jul 2012102post a comment

Except for number ten, all the bad economic news below came out this week -- much of it today.

And this explains why the corrupt media is making all of our eyes glaze over as they enter day 11,485 of demanding Romney release his tax returns and Bain-Bain-Bain.

By focusing on nonsense and on Romney, the media can protect Obama from what you see below --which is an economy and Americans in very real trouble.

1. Weekly jobless claims shot up to 386,000.

2. Foreclosures are hitting our most vulnerable citizens.

3. Factory activity contracted for a second month in a row.

4. Home sales dropped a whopping 5.4% -- the biggest drop in nine months.

5. Retail sales dropped for the third straight month.

6. Consumer confidence dipped to 84.7.

7. U.S. business inventories increased by .3%...

8. …sales dropped .1%.

9. Food prices are skyrocketing.

10. More Americans are getting federal disability than jobs.

Certainly, some smart aleck can say, "How can the media be ignoring this if your links are media links?"

Well, smart guy, dutiful reporting is a whole lot different than what the media focuses on -- Politico for instance -- and right now Obama's Media Palace Guards are covering up bad economic news and focusing on the same shrill, desperate anti-Romney nonsense we've been hearing for weeks.

 

[4est_4est_Gump]

this actually is a brilliant post

showing the bankrupt argument of the LEFT

we post GOV STATS....showing reality....cant be argued with

they scream BIRTHERS....scream about SEE n PEE.....and just shout like a deranged monkey....laugh at "sources".....without being able to show they are incorrect...


NEVER ABLE TO ACTUALLY SAY AND BACK UP..THAT WHAT NIGGER HAS DONE

IS GOOD


Congrats NIGGER UD

*chuckle*



Lots of bad news yesterday.

We were supposed to have an economy so good by now that reelection was going to be a yawning sleepwalk because all the Republican contenders were such insignificant lightweights...

 

[4est_4est_Gump]

Once

Gov stats show the following

Once again, the NIGGERZ will never ever comment on it

But scream

AD HOMENIM and BIRTHER

19 Jul 2012102post a comment

Except for number ten, all the bad economic news below came out this week -- much of it today.

And this explains why the corrupt media is making all of our eyes glaze over as they enter day 11,485 of demanding Romney release his tax returns and Bain-Bain-Bain.

By focusing on nonsense and on Romney, the media can protect Obama from what you see below --which is an economy and Americans in very real trouble.

1. Weekly jobless claims shot up to 386,000.

2. Foreclosures are hitting our most vulnerable citizens.

3. Factory activity contracted for a second month in a row.

4. Home sales dropped a whopping 5.4% -- the biggest drop in nine months.

5. Retail sales dropped for the third straight month.

6. Consumer confidence dipped to 84.7.

7. U.S. business inventories increased by .3%...

8. …sales dropped .1%.

9. Food prices are skyrocketing.

10. More Americans are getting federal disability than jobs.

Certainly, some smart aleck can say, "How can the media be ignoring this if your links are media links?"

Well, smart guy, dutiful reporting is a whole lot different than what the media focuses on -- Politico for instance -- and right now Obama's Media Palace Guards are covering up bad economic news and focusing on the same shrill, desperate anti-Romney nonsense we've been hearing for weeks.

Let's make sure they see it.

And remember! When Kudlow told Republicans, brace yourself, the economy is turning around, busybody and I were the first ones to post it.

And it did, briefly, just as I patiently explained it would while U_D, et. al., were screaming at me, TO THE MOON ALICE, TO THE MOON! it's over, the rw is forever discredited and the economy is on its way back.

If Obama could not fix it, he was facing a three-year proposition, then it was the carrier with the mission accomplished sign removed that it just takes a long time to turn around, and now it's going to take more than one President...



Well, we can get to another President pretty damned quickly now and when we get someone who is not continually talking sown the economy and lecturing us on how it's all over, there is no hope and it's time to punish achievement, then we're going to see the miracle of PRAXEOLOGY and HUMAN ACTION!

 

[4est_4est_Gump]

Did the State Make You Great?
By Charles Krauthammer, NRO
July 19, 2012

“If you’ve got a business — you didn’t build that. Somebody else made that happen.”
— Barack Obama, Roanoke, Va., July 13

And who might that somebody else be? Government, says Obama. It built the roads you drive on. It provided the teacher who inspired you. It “created the Internet.” It represents the embodiment of “we’re in this together” social solidarity that, in Obama’s view, is the essential origin of individual and national achievement.

To say all individuals are embedded in and the product of society is banal. Obama rises above banality by means of fallacy: equating society with government, the collectivity with the state. Of course we are shaped by our milieu. But the most formative, most important influence on the individual is not government. It is civil society, those elements of the collectivity that lie outside government: family, neighborhood, church, Rotary club, PTA, the voluntary associations that Tocqueville understood to be the genius of America and source of its energy and freedom.

Moreover, the greatest threat to a robust, autonomous civil society is the ever-growing Leviathan state and those like Obama who see it as the ultimate expression of the collective.

Obama compounds the fallacy by declaring the state to be the font of entrepreneurial success. How so? It created the infrastructure — roads, bridges, schools, Internet — off which we all thrive.

Absurd. We don’t credit the Swiss postal service with the Special Theory of Relativity because it transmitted Einstein’s manuscript to the Annalen der Physik. Everyone drives the roads, goes to school, uses the mails. So did Steve Jobs. Yet only he conceived and built the Mac and the iPad.

Obama’s infrastructure argument is easily refuted by what is essentially a controlled social experiment. Roads and schools are the constant. What’s variable is the energy, enterprise, risk-taking, hard work, and genius of the individual. It is therefore precisely those individual characteristics, not the communal utilities, that account for the different outcomes.

The ultimate Obama fallacy, however, is the conceit that belief in the value of infrastructure — and willingness to invest in its creation and maintenance — is what divides liberals from conservatives.

More nonsense. Infrastructure is not a liberal idea, nor is it particularly new. The Via Appia was built 2,300 years ago. The Romans built aqueducts too. And sewers. Since forever, infrastructure has been consensually understood to be a core function of government.

The argument between Left and Right is about what you do beyond infrastructure. It’s about transfer payments and redistributionist taxation; about geometrically expanding entitlements; about tax breaks and subsidies to induce actions pleasing to central planners. It’s about free contraceptives for privileged students and welfare without work — the latest Obama entitlement-by-decree that would fatally undermine the great bipartisan welfare reform of 1996. It’s about endless government handouts that, ironically, are crowding out necessary spending on, yes, infrastructure.

What divides liberals and conservatives is not roads and bridges, but Julia’s world, an Obama-campaign creation that may be the most self-revealing parody of liberalism ever conceived. It’s a series of cartoon illustrations in which a fictional Julia is swaddled and subsidized throughout her life by an all-giving government of bottomless pockets and “Queen for a Day” magnanimity. At every stage, the state is there to provide — preschool classes and cut-rate college loans, birth control and maternity care, business loans and retirement. The only time she’s on her own is at her gravesite.

Julia’s world is totally atomized. It contains no friends, no community and, of course, no spouse. Who needs one? She’s married to the provider state.

Or to put it slightly differently, the “Life of Julia” represents the paradigmatic Obama political philosophy: citizen as orphan child. For the conservative, providing for every need is the duty that government owes to actual orphan children. Not to supposedly autonomous adults.

Beyond infrastructure, the conservative sees the proper role of government as providing not European-style universal entitlements but a firm safety net, meaning Julia-like treatment for those who really cannot make it on their own — those too young or too old, too mentally or physically impaired, to provide for themselves.

Limited government so conceived has two indispensable advantages. It avoids inexorable European-style national insolvency. And it avoids breeding debilitating individual dependency. It encourages and celebrates character, independence, energy, and hard work as the foundations of a free society and a thriving economy — precisely the virtues Obama discounts and devalues in his accounting of the wealth of nations.

 

[busybody..]

SSTFU, Fendy


IGGY ME

 

[4est_4est_Gump]

He, and the rest of his class, Hoffer's scribes (The Ordeal of Change) HATE Capitalism (and the church and the family) because it empowers the individual and reduces the "intellectuals" to Academia where only a few of them are ever recognized as actually being genius and important! so they work tirelessly in their frustration to do everything they can to reduce the individuals to communes so they can use all their wisdom to fucking herd them.



Obama is finally telling everyone what ol' A_J and his friends kept telling you all that he is, a fucking MARXIST!

He wrote a book telling us HOW he acquired his belief system, his confession and his pride and when we ask you, when did he renounce his Marxism all we get is when did you stop beating your wives?

We never CONFESSED to beating our wives!!!

 

[4est_4est_Gump]

SSTFU, Fendy


IGGY ME

Is that Yiddish for spoon me?

 

[mercury14]

AJ tell us why you think the number of Americans on disability is an indicator of the economy. This should be good.

 

[4est_4est_Gump]

Study: Private student loans parallel subprime
By DANIEL WAGNER
Jul 20, 12:30 AM (ET)

WASHINGTON (AP) - Risky lending caused private student loan debt to balloon in the past decade, leaving many Americans struggling to pay off loans that they can't afford, a government study says.

Private lenders gave out money without considering whether borrowers would repay, then bundled and resold the loans to investors to avoid losing money when students defaulted, according to the study, which is being released Friday.

Those practices are closely associated with subprime mortgage lending, which inflated the housing bubble and helped bring about the 2008 financial crisis.

"Subprime-style lending went to college, and now students are paying the price," said Education Secretary Arne Duncan, whose department produced the report with the Consumer Financial Protection Bureau.

Duncan said the government must do more to ensure that people who received private loans enjoy the same protections as those who borrow from the federal government.
Student loans fall into two main categories: Loans directly from the government and those offered by banks and other private financial companies. The report focused on private student loans, which spiked from $5 billion in loans originated in 2001 to more than $20 billion in 2008. After the financial crisis, as lending standards tightened, the market shrank to $6 billion in 2011.

American consumers still owe more than $150 billion in private student loan debt, the study said. Including federal loans, Americans now owe more than $1 trillion in student loan debt, according to the CFPB. It has surpassed credit card debt as the biggest source of unsecured debt for U.S. consumers.

Private student loans are riskier than federal loans, the study said. They often carry variable interest rates, which can cause monthly payments to rise unexpectedly. Federal loans offer fixed interest rates.

In many cases, if a borrower is unable to repay, federal loans can be postponed or reduced. Those options are rare for private loans, the study said.

Students often did not understand the difference between federal and private loans, the study said. That caused many to take out costly student loans when they were eligible for cheaper, safer government loans.

Once again, they were too stupid, they were "fooled."

These are High School graduates. How many more times does education have to be indicted before we admit that government cannot get it any more right than it can get the fucking mail delivered and that we're trying to put too many kids into college based on emotion and not REALITY???

 

[4est_4est_Gump]

The foundation of all AJ's beliefs.

We are all dying to discover the foundational aspect of my beliefs...


Please enumerate them.

Still awaiting my "foundational belief system."

AJ tell us why you think the number of Americans on disability is an indicator of the economy. This should be good.

Still waiting.

 

[mercury14]

Study: Private student loans parallel subprime
By DANIEL WAGNER
Jul 20, 12:30 AM (ET)



Once again, they were too stupid, they were "fooled."

These are High School graduates. How many more times does education have to be indicted before we admit that government cannot get it any more right than it can get the fucking mail delivered and that we're trying to put too many kids into college based on emotion and not REALITY???

Emotions? Like people feeling like they want to do something with their life, support their families, and live in a good home.

And reach their full individual potential which is absolutely crucial in a capitalist society. Ayn Rand anyone? This is how we know you favor plutocracy over capitalism

 

[mercury14]

Still waiting.

So you can't back your own C&P saying that the number of Americans on disability is an economic indicator?

 

[unregistered]

 

[4est_4est_Gump]

So you can't back your own C&P saying that the number of Americans on disability is an economic indicator?

Quote me and then elucidate my economic polity.

Otherwise, go campaign for four more years of this crap somewhere else.

 

[mercury14]

Shut up for once, check out my post turtle thread, smile for a change at what you did to our nation.

I did but it wasn't worth a post.

 

[mercury14]

Quote me and then elucidate my economic polity.

Otherwise, go campaign for four more years of this crap somewhere else.

Oops, sorry it was a Busybody post that you bumped in order to make those with him on iggy see it. Why did you bump it to make me see it if you don't agree with it?

 

[4est_4est_Gump]

Oops, sorry it was a Busybody post that you bumped in order to make those with him on iggy see it. Why did you bump it to make me see it if you don't agree with it?

Fuck you.

Explain my political belief system since you are so cocksure as to what it is...

Then maybe, of you get it right, I'll tell you what I think about disability and the economy.

 

[mercury14]

Fuck you.

And this is pretty much the most coherent argument I've heard from you in a while. But you seem really rattled now.

Show me your tax return.

 

[4est_4est_Gump]

Rattled?

You were the one in error and you are the one trying to ascribe me positions and emotions.

Can you not elucidate my position?

You sure seemed pretty sure of it when you were cackling with your racist buddy Throb...

Tell us, enlighten us, what is my economic philosophy, we're dying to hear this because it could be a helluva lot funnier than a slider on a post...

Otherwise, you look like some sort of blowhard coward who cannot back up his bullshit.

 

[unregistered]

 

[mercury14]

Rattled?

You were the one in error and you are the one trying to ascribe me positions and emotions.

Can you not elucidate my position?

You sure seemed pretty sure of it when you were cackling with your racist buddy Throb...

Tell us, enlighten us, what is my economic philosophy, we're dying to hear this because it could be a helluva lot funnier than a slider on a post...

Otherwise, you look like some sort of blowhard coward who cannot back up his bullshit.

Not going to write a full treatise on your whole belief system here, sorry. Even if I wasn't pecking away on a tablet I wouldn't be interested in something like that. If you'd like to refer to a very specific aspect of economics and tell me what you think if it then I'd love to read it.

Sling me another F-bomb I guess.

 

[mercury14]

Post clown.

I'll head over there post haste!