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

[unregistered]

 

[IrezumiKiss]

Yeah sure dunce:

http://www.nypost.com/p/news/local/tax_refugees_staging_escape_from_qb4pItQ71UXIc0i6cd3UpK

and the loss in New Jersey is 70 billion:

http://www.nypost.com/p/news/local/study_the_rich_are_leaving_new_jersey_a5E4Ti0z6CxWelbf6nGwOL

http://www.forbes.com/2010/02/04/st...n-personal-finance-rich-avoid-new-jersey.html

Hold on...lemme whisk the cobwebs and dust off those old-assed links so I can read the prognostication better.

 

[unregistered]

 

[JohnnySavage]

Hmmmm...Government Motors 3Q profits down 14%.

You don't see the irony of using a GM emblem as your av? Or (from the pictures you've posted) being a walking, talking advertisement for GM?

Amazing.

 

[RobDownSouth]

Hmmmm...Government Motors 3Q profits down 14%.

Since you never graduated high school, much less set foot in a college classroom, I won't attempt to explain non-recurring charges against earnings.

Here's something for you to ponder: GM shares are up 9% in ONE DAY since they announced third quarter earnings. How would a dullard such as yourself reconcile the two seemingly disparate facts?

Bonus points if you don't try and blame President Obama.

 

[Busybody]

A PINCH OF HYPOCRISY: NY Times Called Bush’s 2.7% GDP in ’92 a ‘Letdown,’ But Obama’s Lower GDP a ‘Steady Improvement.’

As I recall, the health of the American economy turned on a dime in the MSM, once GHWB lost his re-election bid in ’92.

 

[garbage can]

A PINCH OF HYPOCRISY: NY Times Called Bush’s 2.7% GDP in ’92 a ‘Letdown,’ But Obama’s Lower GDP a ‘Steady Improvement.’

As I recall, the health of the American economy turned on a dime in the MSM, once GHWB lost his re-election bid in ’92.

But we're now in the new normal. Wake up.

 

[Busybody]

But we're now in the new normal. Wake up.

not that it matters

not that you should care

if you quote Curry, I will have to IGGY you

 

[mercury14]

Hmmmm...Government Motors 3Q profits down 14%.

So they're only making how many billion in profit now?

Edit:

General Motors (NYSE: GM ) on Wednesday reported a third-quarter profit of $1.48 billion, or 89 cents a share.

They raked in half a billion more than expected in one quarter and bumped their stock price to a seven month high. And this is BAD news?

 

[mercury14]

But we're now in the new normal. Wake up.

The Bush recession was a tiny fraction of the one Obama walked into. But you're going to call the circumstances equal because such fiction fits your narrative.

 

[Adre]

The Bush recession was a tiny fraction of the one Obama walked into. But you're going to call the circumstances equal because such fiction fits your narrative.

He and his ilk refuse to recognize, or do not understand, the difference. One was a run of the mill recession, the other an unprecedented financial crisis preceded by a credit bubble and followe by a credit freeze. The RWCJ just does not get it.

 

[loquere]

Stocks waver as markets reopen

RESPOND TO MY MESSAGE!

 

[unregistered]

 

[koalabear]

Since you never graduated high school, much less set foot in a college classroom, I won't attempt to explain non-recurring charges against earnings.

Here's something for you to ponder: GM shares are up 9% in ONE DAY since they announced third quarter earnings. How would a dullard such as yourself reconcile the two seemingly disparate facts?

Bonus points if you don't try and blame President Obama.

Still well below their IPO.

 

[Busybody]

He and his ilk refuse to recognize, or do not understand, the difference. One was a run of the mill recession, the other an unprecedented financial crisis preceded by a credit bubble and followe by a credit freeze. The RWCJ just does not get it.

STFU, A DRECK!

 

[jeninflorida]

What this economy needs is high income taxes. Clearly, anyone earning over $40,000 should be taxed at 90%!

This will allow consumers to spend and grow the economy

 

[koalabear]

Market's worst month since May

 

[mercury14]

Ponder this, I probably forgot more about this shit than you know. Presume to give me instruction when that stock hit's $53 a share, genius.

Calling a single-day stock increase of 9.5% a bad thing leaves you no space to mock anyone's intelligence.

 

[RobDownSouth]

Calling a single-day stock increase of 9.5% a bad thing leaves you no space to mock anyone's intelligence.

You might recall he defined "stock" last month as "technically a loan to a company", with a fixed purchase price and a guaranteed rate of return.

You can't make this stuff up.

 

[4est_4est_Gump]

Obama’s Layoff Bomb
Michelle Malkin, NRO
October 31, 2012

In June, a diffident and self-deluded President Obama claimed that “the private sector is doing fine.” Last week, the private sector responded: Speak for yourself, buster. Who needs an “October Surprise” when the business headlines are broadcasting the imminent layoff bomb in neon lights?

The Bureau of Labor Statistics reported last Tuesday that employers issued 1,316 “mass layoff actions” (affecting 50 workers or more) in September; more than 122,000 workers were affected. USA Today financial reporter Matt Krantz wrote that “much of the recent layoff activity is connected to what’s been the slowest period of earnings growth since the third quarter of 2009.” Some necessary restructuring is underway in response to the stagnant European economy. But more and more U.S. businesses are putting the blame — bravely and squarely — right where it belongs: on the obstructionist policies and regulatory schemes of the blame-shifter-in-chief.

Last week, Ohio-based auto-parts manufacturer Dana Holding Corporation warned employees of potential layoffs amid “looming concern” about the economy. President and CEO Roger Wood specifically mentioned the walloping burden of “increasing taxes on small businesses” and the need to “offset increased costs that are placed on us through new laws and regulations.”

Case in point: Obamacare. The mandate will cost Dana Holding Corporation, which employs some 24,500 workers, “approximately $24 million over the next six years in additional U.S. health-care expenses.” As Ohio Watchdog blogger Maggie Thurber reported, the firm’s Toledo-area corporate offices laid off seven white-collar employees last Friday; company insiders told her more were on the way. They are not alone.

On Tuesday, Consol Energy issued a federally mandated layoff disclosure announcing its “intent to idle its Miller Creek surface operations near Naugatuck, W.Va.” The move will affect the company’s Wiley Surface Mine, Wiley Creek Surface Mine, Minway Surface Mine, Minway Preparation Plant, and Miller Creek Administration Group, all in Mingo County, W.Va. Despite state approval, the company’s cooperation with the U.S. Army Corps of Engineers and myriad other agencies, and its stellar safety record, Obama’s EPA dragged its feet on the permit-approval process. The impasse has forced layoffs of 145 Consol Energy employees that will hit at the end of the year. They are not alone.

In August, Robert E. Murray, founder and CEO of Murray Energy Corporation in Ohio, blasted the White House anti-coal agenda for the layoffs at and the closure of his company’s mine. He told Obama-water-carrying CNN anchor Soledad O’Brien that “the many regulations that [Obama] and his radical appointees and the U.S. EPA have put on the use of coal, there are dozens of them . . . have closed 175 power plants.” As O’Brien barked at her guest about purported environmental objections, Murray explained that “we cannot get permits for these mines. They are delaying the issuance of permits. If you can’t get the permit, you can’t have the mine. . . . I created those jobs, and I put the investment in that mine. And when it came time to lay the people off, I went up personally and talked to every one of them myself to lay them off. It’s a human issue.”

And it’s an innovation issue, too. As I reported in February, Obamacare’s impending 2.3 percent medical-device excise tax has already wrought havoc on that industry:

Stryker, a maker of artificial hips and knees, based in Kalamazoo, Mich., is slashing 5 percent of its global work force (an estimated 1,000 workers) this coming year to reduce costs related to Obamacare’s taxes and mandates.

Covidien, a New York–based surgical-supplies manufacturer, recently announced layoffs of 200 American workers and plans to move some of its plant work to Mexico and Costa Rica, in part because of the coming tax hit.

Massachusetts-based ZOLL Medical Corporation, which makes defibrillators and employs some 1,800 workers in the U.S. and around the world, says the medical-device tax will cost the company between $5 million and $10 million a year.

This July, Indiana’s Cook Medical shelved plans to open five new plants because of the imminent medical-device tax hit. They are not alone.

The heads of Koch Industries, Westgate Resorts, and ASG Software Solutions have all separately informed their employees of prosperity-undermining Obama economic politics. Left-wing groups have lambasted the executives for exercising their political free speech — but they have remained silent while the White House corruptocrats bribed federal defense contractors into delaying federally mandated layoff disclosures before the election. In a memo now being investigated on Capitol Hill, Obama promised to cover the legal fees of Lockheed Martin and other defense contractors if they ignored legal requirements to inform workers in advance about so-called sequestration cuts to the military’s budget scheduled to kick in next year.

Truth suppression is a time-honored Obama tactic, of course. Remember: The administration and its Democratic allies on Capitol Hill attempted to punish Deere, Caterpillar, Verizon, and ATT in 2010 for disclosing how the costs of Obamacare taxes were hitting their bottom lines — even though they were simply following SEC disclosure requirements. The White House also tried to silence insurers who dared to inform their customers about how Obamacare was driving up premiums.

Not this time. The administration’s bullyboys don’t have enough whitewash and duct tape to cover up the past, present, and future devastation of the president and his economic demolition team.

 

[4est_4est_Gump]

Market's worst month since May

Cue Greek Chorus


But it's still higher than it was!


Obama gets credit! :nods:

 

[Adre]

Obama’s Layoff Bomb
Michelle Malkin, NRO
October 31, 2012

Reading too much Michelle Malkin will substantially lower your IQ over time.

 

[ivantheterrible]

greece at 25% unemployment. even hospital workers haven't been paid in months. shortages everywhere. social unrest. spain and portugal soon to follow. dominoes dragging down the rest of the EU. all world markets intertwined. oh crystal ball what say ye?

no money to be made, people don't buy shit.

 

[RobDownSouth]

Reading too much Michelle Malkin will substantially lower your IQ over time.

Notice how once more AJ is reduced to posting editorials instead of news here.

 

[Adre]

Notice how once more AJ is reduced to posting editorials instead of news here.

I wish at least he'd post something worth reading.