[unixfox]

1-20-2009

Depression declared over! Economy soars!

[JTHomes]

It’s shaping up to be a long severe recession. The more the government misallocates capital and throws new and greater debt after old and bad, the more likely we will face depression.

[PBRSTREETGANG]

It’s certainly possible.

Putting a Marxist know-nothing into the presidency certainly won’t help things.

[RSmithOpt]

I think we are there now and gaining momentum as $40 trillion of global derivatives bought with borrowed money evaporates.

[sickoflibs]

Anybody know of an online economist article that explains why endless massive government borrowing will help with this, beyond political. Can all this borrowed and printed cash really jumpstart anything? I know MSM says we have to do it or else.

[kauaiboy]

more whining by academics

AMERICA IS BY FAR THE STRONGEST AND GREATEST NATION ON EARTH

The only issues going on now is we are correcting the FRAUD THE HAS BEEN PERPATRATED ON US

FRAUD in the banking sector
FRAUD in the housing sector
FRAUD in the Oil prices
FRAUD in government’

and furthermore the UNIONS WHO ARE RUINING MY STATE (Ca) and the US Automakers and OUR SCHOOLS MUST BE BROKEN

WE NEED TO CLEAN HOUSE AND GET BACK TO OUR ROOTS

HARD WORK
THRIFT
INDEPENDENCE
RESPONSIBILITY

THIS NANNY STATE BULLS*** MUST GO AS WELL

GOOD LUCK SEEING THIS HAPPEN WITH THE GUVMINT WE HAVE

/ RANT

[Eye of Unk]

President Bush earlier stated that America was in a recession.

[Dallas59]

Gold Prices

[stevem]

I believe a depression is a recession the government fixed.

[DiogenesLaertius]

Good report. Keep up your chin guys. Conservatives who live by their principles will still prosper in this economy (just look at how red states are doing versus blue states).

[Star Traveler]

It’s a depression that’s coming...

[econjack]

One of the best things Obama could do is let Rangel use his get-out-of-jail-free card and start cutting both corporate and personal income taxes. The fastest growing economy on the planet right now is Ireland. Oddly, it also has the lowest corporate tax rate. How many European companies would set up offices here if we had a 10% corporate tax rate? Does Obama really think that threatening the rich (who create jobs in the first place) is going to help our economic system? Did he miss the fact that the largest single day swing in the stock market happened right after he was elected? Who does he think such market swings reflects, the poor? Hell no, it shows what the people who create jobs in this country think things are going to be like once he takes office.

Rangel and the other bozos in Washington don't get it. Corporations don't pay taxes, the people buying their products pay taxes. Stimulus checks like we saw last summer are a joke, because they do nothing to alter the demand for durable goods, like home and cars. The big ticket items are unaffected by such voting-getting schemes. Permanent tax cuts are needed to induce consumers to alter long run consumption plans. Make a permanent tax cut and suddenly that new home, car, or college education becomes possible. Higher take home pay means it's possible to fund a little more debt for cars, homes, education, etc.

The best thing Obama could do is cut taxes permanently for all income levels, especially the rich since the top 10% pay 66% of the tax burden as it is. The cut corporate tax rates. After that, Mr. Obama, just stand back and watch how the system fixes itself.

[jveritas]

Unemployment increased to 6.7 percent in November; however, factoring in discouraged workers, unemployment is closer to 8.7percent. Add workers in part time positions that cannot find full time employment and the hidden unemployment rate is nearly 13 percent.

Is this now voodoo economics? Are they going to use these metrics after Obama becomes President? Of course not.

[Mogollon]

Employers are afraid of the card-check law that 0bama promised would be first on his agenda for next year. The law would abolish secret votes for unions and allow unions to take over company after company. The employers are pre-empting 0bamanomics is all.

[CHATTAB]

Yes, it is heading for a DEPRESSION...
But, what’s going to pull us out of it?
WWIII?
I sure hope not.

[Jacquerie]

Recessions are like stock market corrections—after a time, equity prices rebound without government intervention.

A depression is not self-correcting.

Keynes was the first to show that sometimes, what goes down does not have to go back up. If another depression occurs, the least of our losses will be money. Obammy and Congress will make FDR look like Adam Smith.

[fightinJAG]

bfl

[Electric Graffiti]

"Is the Economy Headed for a Depression?"

Does the Pope wear a funny hat?

[Swiss]

I don’t buy the argument that Depressions are not self correcting. How then did we get out of the 1893 Depression?

I am going the predict that we will face an 1890’s type Depression rather than the 1930’s type of Depression.

http://eh.net/encyclopedia/article/whitten.panic.1893

[RightWhale]

A depression is not self-correcting

It is fairly certain now that economists and historians make it all up on a daily basis.