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

[Sean Renaud]

You guys wouldn't understand unless I used puppets and crayons.

Perhaps it's time you made a quick trip to the Super Market. They sell crayons and I can teach you to make puppets using crayons and lunch bags. If you think it'll help then perhaps it's time you made an investment.

 

[unregistered]

 

[IrezumiKiss]

http://24.media.tumblr.com/tumblr_m9ag7hEtum1r4o59bo1_500.jpg

Welfare for people = evil socialism

Welfare for corporations = America! Business! Capitalism!

 

[koalabear]

A July 2011 report by the Treasury Department’s Inspector General for Tax Administration found that illegal immigrants received $4.2 billion in refundable child tax credits in 2010. Tax fraud involving this child tax credit is a growing problem across the nation.

It is outrageous that American taxpayers are subsidizing tax credit refunds going to illegal immigrants. When individuals game the system with blatant disregard to our laws, we all suffer. I am supporting legislation to close the loophole that currently allows illegal immigrants to claim the refundable child tax credit. This is a first step to help address this problem.

 

[unregistered]

 

[IrezumiKiss]

http://24.media.tumblr.com/tumblr_m9e857tv871ro0rcoo1_500.jpg

 

[mercury14]

The Democrat Party expanding its base of dependent wealth consumers.

Meanwhile the GOP counts old white people on their beloved socialist health care as their strongest demographic.

 

[unregistered]

 

[RobDownSouth]

Only because they are the largest voting block. Medicare is something those old white people have been forced to pay into for a the best part of a lifetime. Unlike the 30 million that Obama just added to the rolls.

What teh neofaggot Vettebigot fails to realize (once again), is that the typical white male retiree gets $4 out of the Medicare system for every $1 he contributed, even accounting for compound interest.

Derp.

 

[koalabear]

Stocks fall on growth concerns

 

[unregistered]

 

[Busybody]

Stocks fall on growth concerns

could be worse

they coulda fallen on concrete and really hurt themselves

 

[cheesehead2]

What teh neofaggot Vettebigot fails to realize (once again), is that the typical white male retiree gets $4 out of the Medicare system for every $1 he contributed, even accounting for compound interest.

Derp.

Really

 

[RobDownSouth]

To the buttheads on the left who swore it wasn't an option:

The Gold Standard Goes Mainstream
In the ferment within today's Republican Party, there's a growing realization that America's system of fiat money is part of the economic problem.

http://online.wsj.com/article/SB10000872396390444914904577619383218788846.html

The neohomo Vettebigot continues to long for teh long-ago discarded Gold Standard.

It will never ever happen, no matter how many derptastic editorials the WSJ churns out.

Like a steam locomotive, it's a novelty nowadays and a relic of a bygone era that will not return.

 

[Sean Renaud]

A return to the Gold Standard. A man have nightmares can't he?

 

[Ulaven_Demorte]

A return to the Gold Standard. A man have nightmares can't he?

"Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933...Oh, wait." - Paul Krugman

History has shown that the gold standard could put more people out of work, hurt workers' wages, cause global instability and precipitate a financial crisis.

The gold standard played a direct role in causing the Great Depression, which was marked by deflation and an unemployment rate of more than 25 percent. And returning to the gold standard would erase the U.S. dollar's credibility and increase the risk of a trade war with other superpowers.

"Anyone who believes that the gold standard era was marked by price stability, or for that matter any kind of stability, just hasn’t looked at the evidence." - Paul Krugman

 

[jeninflorida]

"Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933...Oh, wait." - Paul Krugman

History has shown that the gold standard could put more people out of work, hurt workers' wages, cause global instability and precipitate a financial crisis.

The gold standard played a direct role in causing the Great Depression, which was marked by deflation and an unemployment rate of more than 25 percent. And returning to the gold standard would erase the U.S. dollar's credibility and increase the risk of a trade war with other superpowers.

"Anyone who believes that the gold standard era was marked by price stability, or for that matter any kind of stability, just hasn’t looked at the evidence." - Paul Krugman

thanks for the puff piece

 

[koalabear]

More news from one of the Soros tumble-bugs.

 

[bra_man69]

Just where does the government get all the gold
Might want think about just how much fucking gold it's going to need.

 

[4est_4est_Gump]

"Under the gold standard America had no major financial panics other than in 1873, 1884, 1890, 1893, 1907, 1930, 1931, 1932, and 1933...Oh, wait." - Paul Krugman

History has shown that the gold standard could put more people out of work, hurt workers' wages, cause global instability and precipitate a financial crisis.

The gold standard played a direct role in causing the Great Depression, which was marked by deflation and an unemployment rate of more than 25 percent. And returning to the gold standard would erase the U.S. dollar's credibility and increase the risk of a trade war with other superpowers.

"Anyone who believes that the gold standard era was marked by price stability, or for that matter any kind of stability, just hasn’t looked at the evidence." - Paul Krugman

Anyone want to guess what U_D has said about Krugman in the past?

 

[4est_4est_Gump]

Just where does the government get all the gold
Might want think about just how much fucking gold it's going to need.

No more than it needed when we were on the gold standard.

It's the fiat inflation of the money supply that makes you think you need a scary amount of gold for all those dollars when the real scary amount is how many dollars you need to purchase the same amount of gold...

 

[4est_4est_Gump]

I abandoned Krugman? That would imply that I backed him at all, which would be your erroneous assumption.

But you see, Krugman feels safe in "abandoning the party line". This is exactly what differentiates Democrats from Republicans. Krugman hasn't been abandoned, vilified, or ostracized for his opinions. Differences of opinion are allowed in the Democratic Party unlike with the Republicans who eat their young (RINOs, Traitors, Communists!) at the drop of a hat.

Hell a conservative dare not contradict Rush Limbaugh openly without backtracking and apologizing within days, sometimes hours (Yup, I'm lookin' at you Michael Steele).

We're still on track for recovery despite the protestations of those who only hope for failure because it's in their political interests/

Was it a big win? Shall we ask all of the congressmen who did everything they could to stop it then raked in as much of it as they could, THEN had the temerity to try to take credit for their state's budgets?

Krugman is more often wrong than he is right. It's funny to hear you looking to him as an authority now that he says something you've believed all along, at least partially You know he's calling for massively increased spending right?). But then, that's par for the course for Cap'n AppealtoAuthority.

Just taxation? FairTax? LMAO..

I guess this was one of those "right" moments...

 

[4est_4est_Gump]

"According to the economists I believe are right".. *laugh*

How are we better off?
Let's see, economy contracting at a rate of -6% vs. one that's expanding at just under 3%. Just for starters..

On a more personal note. Our business has picked up by over 40% in the last 8 months. That business being conventions, which don't happen if the economy were in the dire straights you keep hoping for.

You "evil conservatives" were SO opposed to the Bush Stimulus that it passed the Senate 81-16 and the House 380-34. So now you're trying to tell us that the Congress has a combined count of 50 "conservatives"?

I'm not avoiding anything Cap'n. I've already answered your question but I'll do do again just to humor you.

Krugman is wrong.

Wrong again!

 

[4est_4est_Gump]

It's expanding at just under 3%!


Like 1.9%...

 

[4est_4est_Gump]

Japan is in its third deflationary decade in spite of massive fiscal stimulus, massive monetary stimulus, and the major industrial world's highest debt-to-GDP ratio.

US demographics are not as bad, but US consumer debt overhang and student loans are worse. The deflationary forces facing Bernanke are massive.

Read more at http://globaleconomicanalysis.blogspot.com/#Qy3EjSttamEOTkQy.99