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

[julybaby04]

You would quote any source that showed an increase, if there was one.

I quoted from the CBO.....thought that was the holy grail to liberals.

(ya'll are never happy...even quoting your own favorite sources.... )

 

[RobDownSouth]

I quoted from the CBO.....thought that was the holy grail to liberals.

(ya'll are never happy...even quoting your own favorite sources.... )

You quoted old, out of date numbers.

As someone mentioned in the other thread, the revised numbers from the CBO show the deficit shrinking at a much faster rate than even the "best case" scenarios as recently as February.

 

[Sean Renaud]

I hate to defend JB, but quoting the Feb numbers is probably an honest mistake. Even if it's one that was quickly caught.

 

[julybaby04]

You quoted old, out of date numbers.

As someone mentioned in the other thread, the revised numbers from the CBO show the deficit shrinking at a much faster rate than even the "best case" scenarios as recently as February.

Sorry, didn't notice the date.

845B would still have not been bad.

 

[Sean Renaud]

Sorry, didn't notice the date.

845B would still have not been bad.

That doesn't really sound much like someone saying the President did a good job.

 

[mercury14]

From the CBO, one Republican talking point demolished:

If the current laws that govern federal taxes and spending do not change, the budget deficit will shrink this year to $642 billion, CBO estimates, the smallest shortfall since 2008. Relative to the size of the economy, the deficit this year—at 4.0 percent of gross domestic product (GDP)—will be less than half as large as the shortfall in 2009, which was 10.1 percent of GDP.

A second Republican talking point demolished:

Because revenues, under current law, are projected to rise more rapidly than spending in the next two years, deficits in CBO’s baseline projections continue to shrink, falling to 2.1 percent of GDP by 2015.

A third Republican talking point demolished:

Revenues have increased robustly so far this year in part because of the expiration of the 2 percentage-point payroll tax cut in January 2013. In addition, receipts of individual income taxes have been boosted because beginning in January, tax rates on personal income above certain thresholds went up;

Oh so raising taxes increases government revenue after all, just like we said it would. And better-than-expected growth still happens.

A fourth Republican talking point demolished:

CBO also attributes some of the growth in revenues this year to increases in the average tax rate on domestic economic profits, which boosted receipts from corporate income taxes.

Oh so we can raise the tax rate on corporations and still have record profits and a stock market at record highs. Just like we said.

 

[RobDownSouth]

Gold prices have fallen nearly 18 percent this year and are well below a record top of $1,920 in September 2011.

LINK

Good thing that AJ has never been invested in gold. Ever.
He's always been invested 100% in the market. Always.

 

[koalabear]

Gold prices have fallen nearly 18 percent this year and are well below a record top of $1,920 in September 2011.

LINK

Good thing that AJ has never been invested in gold. Ever.
He's always been invested 100% in the market. Always.

Yet you still can't afford it fatty.

 

[unregistered]

 

[RobDownSouth]

Could be set for a new upside breakout:

https://gold.net/static/images/screenshots/gold_price_v_fed_balance_sheet_v_fed_target_10Y.jpg

Quoting Nostradumbass for posterity.

 

[Beco]

U.S. wholesale prices plunge

U.S. wholesale prices were down for the second straight month in April, recording their biggest drop in three years. The producer price index fell 0.7%, largely due to lower energy prices, but core prices were nearly stable, rising just 0.1%. Unemployment and low wages are believed to be among the factors keeping prices in check. The Detroit News/The Associated Press (5/15

 

[Busybody]

Will GALLOP be threatened AGAIN?


Obamacare Slowing Job Growth, at Least for Now


obamacare

A new Gallup poll reveals small business owners as wary about the Affordable Care Act. Forty-eight percent of the 603 small business respondents think that Obamacare will be “bad for [their] business.” Fifty-two percent said the ACA will reduce the quality of the healthcare they and their employees receive, while 55 percent believe the ACA will raise the amount the business will pay for healthcare.

But this isn’t even the most notable finding. Opponents of the ACA have long claimed that the new law could repress US job growth. This new poll provides some evidence that, at least for now, small businesses are suspending hiring in the face of ACA provisions:


When asked if they had taken any of five specific actions in response to the ACA, 41% of small-business owners say they have held off on hiring new employees and 38% have pulled back on plans to grow their business. One in five (19%) have reduced their number of employees and essentially the same number (18%) have cut employee hours in response to the healthcare law. One in four owners (24%) have thought about eliminating healthcare coverage for their employees.

It may be that these effects are a kind of initial panic that will ease over time as employers see how the implementation of the ACA plays out. But as an early indicator of the economic effects of the President’s central domestic achievement, this data raises some major red flags.

 

[mercury14]

U.S. wholesale prices plunge

U.S. wholesale prices were down for the second straight month in April, recording their biggest drop in three years. The producer price index fell 0.7%, largely due to lower energy prices, but core prices were nearly stable, rising just 0.1%. Unemployment and low wages are believed to be among the factors keeping prices in check. The Detroit News/The Associated Press (5/15

Wholesale prices fell a fraction of a percent? That's what you're left with to prove your Doom and Gloom these days?

 

[Busybody]

Wholesale prices fell a fraction of a percent? That's what you're left with to prove your Doom and Gloom these days?

where do you see an attempt at DOOM n GLOOM as opposed to information?


I know, Budget cuts made him do it

 

[mercury14]

where do you see an attempt at DOOM n GLOOM as opposed to information?


I know, Budget cuts made him do it

Yeah nobody would post a tiny change in US wholesale prices without reason.

 

[Busybody]

Yeah nobody would post a tiny change in US wholesale prices without reason.

so you MADE it up.....just to try and shame him

right?

 

[Busybody]

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/943791_263742133771928_1470358435_n.png

 

[Busybody]

Yeah nobody would post a tiny change in US wholesale prices without reason.

so you quibble about BULLSHIT with BECO

but say NOTHING about what WAL MART said


says all wee needa know bout Ole CURRY

 

[Beco]

Wholesale prices fell a fraction of a percent? That's what you're left with to prove your Doom and Gloom these days?

Just posting news....but driving in today, I had a thought of just how well we would be doing with Romney as President....it was a good day dream

 

[unregistered]

 

[koalabear]

https://fbcdn-sphotos-d-a.akamaihd.net/hphotos-ak-ash3/943791_263742133771928_1470358435_n.png

Not only are they not responsible, but they don't even know who is.

The other guy did it!

 

[Busybody]

I blame

Bush

and

C Questor

 

[unregistered]

 

[Busybody]

its C. Questor!

 

[mercury14]

Just posting news....but driving in today, I had a thought of just how well we would be doing with Romney as President....it was a good day dream

More like a wet dream. Under Romney we'd be doing about the same right now.

Except conservatives would be saying the AP thing is a legitimate FBI activity and Dems would be grousing.