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Dec 6th, 2017
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Joined: Feb 2004
Posts: 6,523
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OP
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Joined: Feb 2004
Posts: 6,523 |
I have a job. I cannot listen to Rush Oh. That's interesting. One has to be unemployed in order to listen to the Limp Butt? It helps if you have 3 hours in the middle of the day with nothing to do. Even then I can think of a multitude of activities I would rather do.
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
Thomas Jefferson
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Joined: Feb 2004
Posts: 6,523
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OP
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Joined: Feb 2004
Posts: 6,523 |
I am still waiting for somebody to show me the eror of my thought process. Sorry if you missed it, or chose to ignore it, but it's been posted here before, numerous times Ma. For example: Private sector loans, not Fannie or Freddie, triggered crisisNow, where's that posting by itstarted where you claim he said it was all Fannie and Freddie's fault? but steve, ma's already told you that it was janet reno who, through her army of politically correct storm troopers, forced these upstanding institutioins to corrupt themselves and give loans out to just about anyone with a pulse.  Sometimes reality hurts.
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
Thomas Jefferson
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Joined: Feb 2004
Posts: 6,523
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OP
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Joined: Feb 2004
Posts: 6,523 |
in reality either you or I will be correct. It won't take long to figure out who. Come June or July, after say 180 days instead of the 43 you contend is too small a sample, if the markets have recovered and the jobs situation looks like it has started to recover, you will be right, if unemployment is at 10% and Obama has requested another $1T "stimulus", I will be right. Wrong. We have four years to tough this out. You're gonna have to live with it for at least four long years before right or wrong is proven in the next Presidential election. Democrats have the power to make things look a little bit better in two years and rip what tiny bit of filibuster power your party has away from them and stomp them into the dirt. I will enjoy watching Republicans squirm and wriggle like earthworms on hot pavement trying to regain something they had but threw out the window for the sake of enriching the very rich and for destroying my comfortable middle class life. WRONG! If in 6 months Obama's plan isn't working the Dems who are up for reelection will be in a panic. Obama has 4 years, but this congress has about 12 months before they start to campaign for reelection. If the economy is still underpreforming, those facing reelection will begin to distance themselves from the President. He ould easily be a lame duck in 28 months.
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
Thomas Jefferson
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Joined: Feb 2004
Posts: 6,523
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OP
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Joined: Feb 2004
Posts: 6,523 |
Come June or July, after say 180 days instead of the 43 you contend is too small a sample If you go back to last Fall and look at what people on this board were saying about the coming economic downturn, you'll find that few of us thought we'd be on the road to recovery by the summer fo 2009. So where do you get this "you'll be wrong" business from, except maybe your own pure brain? Hardly anyone here agrees to that. Hardly anyone here agreed to that before the election, let alone the inauguration. You can't expect anyone to go along with such an arbitrary timeline. Even the President himself expects it to take longer than that - and you castigate him for bumming everyone out with his pessimism. On second thought, that makes a certain amount of sense. If you wanted him to fail, you would insist on Pollyanna time frames that can't possibly be met, then chastise him for not abiding by them. Right. I get it! It doesn't matter. Political reality and reality are not the least bit related to each other. The clock is ticking and Obama, to his credit BTW, has gone all in. If it works he is a hero, if not he is Jimmy Carter reincarnated.
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
Thomas Jefferson
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Joined: Sep 2005
Posts: 12,581
Pooh-Bah
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Pooh-Bah
Joined: Sep 2005
Posts: 12,581 |
So, that is Krugman's fantasy of the day. Too much saving and not enough spending. I detect the strong odor or Keynes in the room. Here is a question he might want to answer -- or not. What produced the "glut of savings", and what incentives directed it to where it went?:-) Yours, Issodhos P.s. If memory serves, it was Hayek who stated that jobs in an inflationary economy required increasing inflation if those jobs were to be maintained. Jeeze, I didn't know that Salma Hayek was an economist.  Well, she does seem to have an asset or two, and seems to have also experienced some inflation in the past, but no, I was referring to Friedrich.:-) Yours, Issodhos
"When all has been said that can be said, and all has been done that can be done, there will be poetry";-) -- Issodhos
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Joined: Feb 2004
Posts: 6,523
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OP
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Joined: Feb 2004
Posts: 6,523 |
At 2:58 this afternoon (3/2/2008). Looks like almost 1000 points since Obama became President.
Nice Job. Since we are judging presidents by the early results of their policies I submit the following The Recession of 1982
By 1982, Reaganomics; had taken its toll as several banks failed, the stock market plummeted, and unemployment soared in the worst economic recession since the Great Depression. Clearly, Reagan... on the same facts by which you judge Obama, was one of the very worst presidents in US History We are talking about experimentation here. What Obama is trying to do has never succeeded in America. Through his actions millions of Americans have lost 50% of their retirement income. Now, had he been more positive they still would be down, but probably not by as much. As Steve posted today, the President suggested that American invest in the stock market and it is up 100 points in early trading. The question becomes, when he releases his budget today, wil the market sustain that gain?
A proud member of the Vast Right-wing Conspiracy, Massachusetts Chapter
“The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”
Thomas Jefferson
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Joined: Dec 2005
Posts: 12,010
Pooh-Bah
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Pooh-Bah
Joined: Dec 2005
Posts: 12,010 |
At 2:58 this afternoon (3/2/2008). Looks like almost 1000 points since Obama became President.
Nice Job. Since we are judging presidents by the early results of their policies I submit the following The Recession of 1982
By 1982, Reaganomics; had taken its toll as several banks failed, the stock market plummeted, and unemployment soared in the worst economic recession since the Great Depression. Clearly, Reagan... on the same facts by which you judge Obama, was one of the very worst presidents in US History We are talking about experimentation here. What Obama is trying to do has never succeeded in America. Through his actions millions of Americans have lost 50% of their retirement income. Ma, You avoid addressing the issue I raised.... "shouldered we judge Reagan's early economic performance that same way you judge Obama's". Next you raise the issue of "experimentation"... something not tried before... how was Reaganomics different.... had it been tried before? And you say the millions of Americans have lost 50% of their retirement income due to is actions" Link please.... or at least an explanation of ho you reach this conclusion.... are you talking about the stock market? which is not income? and which dropped 60$ over many months that mostly included the time before Obama was president... I know of no one who has lost their fixed income investment due to Obama actions.
"It's not a lie if you believe it." -- George Costanza
The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel
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Joined: Dec 2005
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Pooh-Bah
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Pooh-Bah
Joined: Dec 2005
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Ma
You have also not addressed the issue of investor responsibility. Do you not acknowledge that different investment strategies would yield different results. Do you no acknowledge an individuals responsibility to make his own decisions and take responsibility for those decisions in regards to his investments?
"It's not a lie if you believe it." -- George Costanza
The whole problem with the world is that fools and fanatics are always so certain of themselves. --Bertrand Russel
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Joined: Jun 2004
Posts: 15,646
Carpal Tunnel
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Carpal Tunnel
Joined: Jun 2004
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Sure it matters, Ma. It matters that you are presuming that people here hold opinions that they have not in fact expressed. Or, maybe I misinterpreted what you replied to Chuck Howard: Look, you can be in the bag for this guy. You can spout the Dem party line about Rush, but in reality either you or I will be correct. When you said "you can . . ." I assumed you meant "you" as in "Chuck", or more generally "you" as in "all you librul folks here at the Rant". It hadn't occurred to me at the time that you might have meant "you" as in "all the lemmings in America who blindly follow Mr. Obama as if he were the Messiah, but not you all here at the Rant." Is that in fact what you meant?
Steve Give us the wisdom to teach our children to love,
to respect and be kind to one another,
so that we may grow with peace in mind.
(Native American prayer)
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Joined: Jun 2004
Posts: 15,646
Carpal Tunnel
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Carpal Tunnel
Joined: Jun 2004
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Through his actions millions of Americans have lost 50% of their retirement income. Source please.
Steve Give us the wisdom to teach our children to love,
to respect and be kind to one another,
so that we may grow with peace in mind.
(Native American prayer)
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