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

[BotanyBoy]

McDonald's hit by slowing sales

You mean people are tired of being fat slimy walrus looking pieces of shit? bout fucking time...

 

[eyer]

Another NIGGER


Howard Dean: “By Every Measure Our Economy Is Getting Stronger” . . . Wait, Did He Say Stronger?…




What parallel universe is this guy living in?


DEAN: Our economy is getting stronger. It may not be going fast enough, but by every measure our economy is getting stronger.

Just proves what an insanity addict Dean is...

...a casual user would've just settled for "Our economy is getting stronger".

But Hole-in-the-Head Howard just had to go for "by every measure"...

...the crap pipe in Obamaland is cookin'.

 

[koalabear]

Stocks tumble on Europe worries

 

[koalabear]

Poverty level highest in 50 years.

 

[unregistered]

 

[bra_man69]

A little pucker factor for the KO's, Zippers, and Renards of the world.

Poll: Romney preferred over Obama to handle the economy
By Susan Page, USA TODAY

WASHINGTON – Despite concerted Democratic attacks on his business record, Republican challenger Mitt Romney scores a significant advantage over President Obama when it comes to managing the economy, reducing the federal budget deficit and creating jobs, a national USA TODAY/Gallup Poll finds.

By more than 2-1, 63%-29%, those surveyed say Romney's background in business, including his tenure at the private equity firm Bain Capital, would cause him to make good decisions, not bad ones, in dealing with the nation's economic problems over the next four years.

More here:

http://www.usatoday.com/news/politics/story/2012-07-23/poll-romney-obama-economy/ 56439758/1

Is this one of the polls the obama campaign did?

 

[RobDownSouth]

A little pucker factor for the KO's, Zippers, and Renards of the world.

Ready to make your prediction as to who will win in November?

Didn't think so.

 

[koalabear]

Ready to make your prediction as to who will win in November?

Didn't think so.

The USA and Romney.

 

[bra_man69]

Ready to make your prediction as to who will win in November?

Didn't think so.

you ready to tell us about monetary policy
Didn't think so.

 

[4est_4est_Gump]

They want a one party system like the Democrats have crafted here in Northern Mexico. We have more hard core street gang members between L.A. and San Diego than there are active duty military in the whole state. You know they all sit around at night discussing constitutional government, right?

Yeah. They get a taste of what they voted for and it makes them even angrier, so they double down on their hate for the "others."

Are they ever disappointed in the results of what they vote for?

The answer was no; it [that their drug use was currently considered an illegal act by their own 'democratic' government] didn't bother them. It doesn't really bother anyone who accepts mob rule as a desirable form of social organization. The reason is that democrats never regard existing democracy as their preferred political system — they regard it only as a transitory state to a democratic utopia in which the elected leaders will agree totally with their own values and social-political views. Mises has observed that "the critics of the capitalistic order always seem to believe that the socialistic system of their dreams will do precisely what they think correct." Hence, when people talk about the importance of democracy, it is never democracy as it has ever actually functioned, with the politicians that have actually been elected, and the policies that have actually been implemented. It is always democracy as people imagine it will operate once they succeed in electing "the right people" — by which they mean, people who agree almost completely with their own views, and who are consistent and incorruptible in their implementation of the resulting policies. This is what allows an intelligent group of people to espouse mob rule as a desirable principle, even as they simultaneously commit acts that brand them as criminals worthy of imprisonment under the very social system they maintain.
Ben O'Neill
http://mises.org/daily/5879/Worship-of-the-Mob

 

[4est_4est_Gump]

The underpinning of the Euro gets a downgrade...

http://www.cnbc.com/id/48292099

That's got to be good news...


Right?

 

[4est_4est_Gump]

The Great Recession officially ended way back in June of 2009, so why are so many Americans still out of work?

It's not because politicians were twiddling their thumbs. Indeed, from from bailouts to "Cash for Clunkers" to the massive stimulus plan, government has busied itself with trying to fix the economy. And, according to President Obama, this "bold, persistent, experimentation" has brought our country back from the brink.

Obama borrows that phrase from President Franklin Rooselvelt, and today's president has a lot in common with the original bold, persistent, experimenter. Like Obama, FDR was a charismatic Democrat who replaced an unpopular Republican during a time of crisis. And like Obama, FDR championed a slew of policies designed to get America back to work.

Today many Americans credit FDR with rescuing our nation from the Great Depression, but there's plenty wrong with that view, says Lee Ohanian, a UCLA economics professor who specializes in economic crisis. "What's wrong with that view is that private-sector job growth did not come back under Roosevelt," says Ohanian, who notes that Americans often forget how long the Great Depression lasted. Unemployment stood at 17 percent in 1939, a decade after the infamous stock market crash, and, although times were much worse back then, Ohanian sees troubling parallels between the Great Depression and the Great Recession. In both instances our nation emerged from a severe downturn with strong productivity growth and the banking system largely restored. "So the key puzzle for both today and the 1930s is why aren't private-sector jobs being created at a much more rapid rate?"

Uncertainty may have something to do with it. "Uncertainty is an enemy of job creation," says Ohanian, "Because in a world with a lot of uncertainty there's a tendency to 'wait and see.'" Our nation's job creators wait and see what Washington's next experiment will be.

CEO Joanne Garneau has spent a year waiting for the Federal Trade Commission to announce a new regulation that will determine whether her company hires more employees or even stays in business. It's just one regulation, a tiny one by Washington standards. How will businesses end up being affected by ObamaCare or the 2,300-page financial overhaul? What if taxes go up? Today, like the 1930s, uncertainty reigns.

According to research conducted by Ohanian and fellow UCLA economist Harold L. Cole, FDR's anti-market policies actually prolonged the Great Depression by seven years. And what about Obama's policies? When the unemployment rate finally does improve will he receive credit for rescuing America from the Great Recession or blame for prolonging the crisis?

http://reason.com/blog/2012/07/22/where-are-the-jobs-the-parallels-between
(Libertarian)

 

[busybody..]

Hey FF,

I

Got a

New

Sig

Line

For

You

 

[4est_4est_Gump]

According to reports from Germany's Der Spiegel, officials from the International Monetary Fund (IMF) are signaling that they will stop paying bailout money to Greece, because Greece has failed to meet its austerity commitments. Readers may recall that one of the conditions of the 130 billion euro bailout is that Greece must reduce its annual budget deficit from its current 160% of GDP to 120% of GDP by 2020. As I wrote in a lengthy analysis at the time ( "28-Oct-11 News -- Markets explode on crazy Rube Goldberg eurozone deal"), this demand was based on ridiculously impossible future economic assumptions that overlook the generational changes that are taking place. And now it's "already clear" that the "Troika" -- consisting of the European Commission (EC), European Central Bank (ECB), and the IMF -- will reach the conclusion, when it meets this week, that Greece's 120% commitment will not be met. It's already clear, for example, that the 3 billion euros that Greece was supposed to earn from asset sales this year will turn out to be only 300 million euros.

Greece has been begging EU officials to get it more time to implement its austerity commitments, and this was a big discussion in Greece's recent election that brought Antonis Samaras to office. But the Troika has decided that giving Greece more time would mean that it would be necessary to increase Greece's bailout package by an additional 10-50 billion euros. German officials this weekend torpedoed any possibility of renegotiating Greece's austerity agreement. "That won’t work -- that’s a Rubicon we can’t cross," said German foreign minister Guido Westerwelle.

The result is that Greece will go bankrupt next month, when it's due to make a 3.8 billion euro bond payment, and will be forced to leave the euro currency.

http://www.breitbart.com/Big-Peace/...eece-possibly-forcing-exit-from-euro-currency

 

[4est_4est_Gump]

You're on iggy, as per your request.

 

[busybody..]

WE ARE ALL SICK OF OBAMA!

(CNSNews.com) - The number of workers taking federal disability insurance payments hit yet another record in July, increasing to 8,753,935 during the month from the previous record of 8,733,461 set in June, according to newly released data from the Social Security Administration.

The 8,753,935 workers who took federal disability insurance payments in July exceeded the population of 39 of the 50 states. Only 11 states—California, Texas, New York, Florida, Illinois, Pennsylvania, Ohio, Michigan, Georgia, North Carolina and New Jersey—had more people in them than the number of workers on the federal disability insurance rolls in July.

Virginia, the twelfth most-populous state, had 8,096,604 people in 2011, according to the latest Census Bureau estimate. That would make Virginia’s population about 657,331 less than the number of workers who took federal disability insurance payments in July.

Congress enacted legislation in 1956 to add federal disability insurance to the Social Security system. Over the decades, the number of Americans actually working has dramatically declined relative to the number claiming federal disability insurance payments.

By July 1967, there 74,520,000 Americans actually working and 1,145,663 workers taking disability payments. That made a ratio of 65 actual workers for each worker collecting disability. In July 1987, there were 112,634,000 people actually working and 2,759,852 people collecting disability—a ratio of about 41 actual workers to each worker collecting disability.

When President Barack Obama took office in January 2009, there were 142,187,000 people actually working and 7,442,377 workers collecting disability—a ratio of about 19 to 1.

In June, there were 142,415,000 people actually working and 8,733,461 workers claiming disability—a ratio of about 16 to 1.

In July, in addition to the 8,753,935 workers who received federal disability insurance payments, there were also 165,564 spouses of disabled workers and 1,850,653 children of disabled workers who received payments. That brought the total number of disability beneficiaries to 10,770,152

 

[unregistered]

 

[unregistered]

 

[BotanyBoy]

And on top of all of that there is this:

Federal Government's Debt Jumps More Than $1T for 5th Straight Fiscal Year
By Terence P. Jeffrey

(CNSNews.com) - By the end of the third quarter of fiscal 2012, the new debt accumulated in this fiscal year by the federal government had already exceeded $1 trillion, making this fiscal year the fifth straight in which the federal government has increased its debt by more than a trillion dollars, according to official debt numbers published by the U.S. Treasury.

More here:

http://cnsnews.com/news/article/federal-governments-debt-jumps-more-1t-5th-straight-fiscal-year

Oh common vett....we all know spending astronomical amounts of money we don't have fixes everything.

 

[unregistered]

 

[BotanyBoy]

Our ass will be fixed real good.

What makes you think it isn't already?

 

[eyer]

National debt the day Obama took Office: $10.626 trillion...

...current national debt: $15.907 trillion.

 

[BotanyBoy]

National debt the day Obama took Office: $10.626 trillion...

...current national debt: $15.907 trillion.

and that's why we need to raise the debt limit...duhhhh!!

 

[RobDownSouth]

Oh common vett....we all know spending astronomical amounts of money we don't have fixes everything.

Don't know much about Keynesian theory, do ya?

 

[RobDownSouth]

http://reason.com/blog/2012/07/22/where-are-the-jobs-the-parallels-between
(Libertarian)

This cut-n-paste neatly encapsulates the intellectual dishonesty of teh Glibertarian Right.

After adopting a scorched Earth policy of "Party first, Country second" for 3+ years, actively working AGAINST President Obama and the needs of teh majority of teh country, teh "Free Market uber alles" Glibertarians now complain that President Obama hasn't done enough to grow teh economy.

Breath-taking hypocrisy like this, of course, has enormous appeal to AJ.