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1 posted on 04/29/2012 9:36:39 PM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

The Old Grey Whore croaks out the same old tune. Raise taxes, increase spending, damn the torpedoes, full speed ahead.

Iceberg? What iceberg?


2 posted on 04/29/2012 9:42:16 PM PDT by Lurker (The avalanche has begun. The pebbles no longer have a vote.)
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To: Oldeconomybuyer
I will probably get banned from FR for saying this, but folks need to accept the truth.

This is NOT the Obama Economy (wish I slap Hannity every time he spews that crap). We are in a long-wave contraction; four years into a decade of deleveraging and wealth elimination. This is global. It is going to get worse before it gets better.

The biggest mistake both Bush and Obama made was treating this economic cycle like a "recession." Deficit/stimulus spending has, in the past, been helpful in easing a "recession." But we are not in a "recession." We are in a long-wave contraction. You would think that after pumping several trillion dollars into the system, they would get the message.

Obviously not.

Both sides had a seat at this disaster table. A pox on both their houses. For decades they promised goodies in exchange for votes. For decades, the American public gobbled up whatever tripe they spewed out.

We had a chance, in 2010, to do something - but we didn't have enough power to effect real change in spending. Hate to be the messenger: it's now too late.

Wealth is contracting all over the world. ZIRP and hidden inflation will eat whatever is left.

Ultimately, Obama needs to be defeated because he has weakened us considerably as a country and in the World Theater. Our two best choices were Newt and Crazy Uncle Ron (absolutely right on monetary policy but off on foreign policy). We're stuck with Mittens. God help us.

4 posted on 04/29/2012 9:52:42 PM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: Oldeconomybuyer
I will probably get banned from FR for saying this, but folks need to accept the truth.

This is NOT the Obama Economy (wish I slap Hannity every time he spews that crap). We are in a long-wave contraction; four years into a decade of deleveraging and wealth elimination. This is global. It is going to get worse before it gets better.

The biggest mistake both Bush and Obama made was treating this economic cycle like a "recession." Deficit/stimulus spending has, in the past, been helpful in easing a "recession." But we are not in a "recession." We are in a long-wave contraction. You would think that after pumping several trillion dollars into the system, they would get the message.

Obviously not.

Both sides had a seat at this disaster table. A pox on both their houses. For decades they promised goodies in exchange for votes. For decades, the American public gobbled up whatever tripe they spewed out.

We had a chance, in 2010, to do something - but we didn't have enough power to effect real change in spending. Hate to be the messenger: it's now too late.

Wealth is contracting all over the world. ZIRP and hidden inflation will eat whatever is left.

Ultimately, Obama needs to be defeated because he has weakened us considerably as a country and in the World Theater. Our two best choices were Newt and Crazy Uncle Ron (absolutely right on monetary policy but off on foreign policy). We're stuck with Mittens. God help us.

5 posted on 04/29/2012 9:52:58 PM PDT by TheWriterTX (Riding the Long-Wave Economic Contraction, Baby!)
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To: Oldeconomybuyer
How's this for an average, yuh Clock Beater!
 
Average Unemployment:
 
2006  4.6
2007  4.6
2008  5.8
2009  9.3
2010  9.6
2011  8.9(and this is a horse crap phony number)
 
Now look at total employment historical stats:
 
 
 
 
 

8 posted on 04/29/2012 10:25:08 PM PDT by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: Oldeconomybuyer

“A stark divide is developing on the campaign trail. President Obama is centering his agenda on policies to address economic inequality — including more manufacturing jobs and educational opportunities. Mitt Romney is focused on tax cuts for the rich, budget cuts for the poor, and on blaming Mr. Obama for the economic shambles created in the Bush years”.

Wow, in all of the years I have been suffering through Ny Times editorials, that has got to be the most biased paragraph I have ever read. Campaign season has officially begun,


14 posted on 04/30/2012 12:24:15 AM PDT by Oregon Coast Conservative
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To: Oldeconomybuyer
tax cuts for the rich,

Ya know, for just ONCE, I wish the Rich Fat Cats at the NYT would care about America and it's workers, not its unionists, but it's workers, over their tiresome, politically correct political agenda!!!

Yeah, fat chance.

15 posted on 04/30/2012 1:13:51 AM PDT by HeartlandOfAmerica ("We have prepared for the unbeliever, whips and chains and blazing fires!" Koran Sura 76:4)
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To: Oldeconomybuyer

The sky is falling, the sky is falling..................


16 posted on 04/30/2012 1:17:34 AM PDT by monocle
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To: Oldeconomybuyer; P-Marlowe; Alamo-Girl
Humorous in a way. The NYT says that Obama is against inequality but that Romney is for it. They, of course, try to flowery speech their assertion, but that is essentially their message.

What is the truth about the American economy?

Excessive government steals incentive. In other words, it injures individual, family, and community spirit and hope.

This passage from Samuel says it very well:

“So Samuel spoke all the words of the LORD to the people who had asked of him a king. And he said, “This will be the procedure of the king who will reign over you: he will take your sons and place them for himself in his chariots and among his horsemen and they will run before his chariots. “And he will appoint for himself commanders of thousands and of fifties, and some to do his plowing and to reap his harvest and to make his weapons of war and equipment for his chariots.

“He will also take your daughters for perfumers and cooks and bakers. “And he will take the best of your fields and your vineyards and your olive groves, and give them to his servants. “And he will take a tenth of your seed and of your vineyards, and give to his officers and to his servants. “He will also take your male servants and your female servants and your best young men and your donkeys, and use them for his work. “He will take a tenth of your flocks, and you yourselves will become his servants.

“Then you will cry out in that day because of your king whom you have chosen for yourselves, but the LORD will not answer you in that day.” Nevertheless, the people refused to listen to the voice of Samuel, and they said, “No, but there shall be a king over us, that we also may be like all the nations, that our king may judge us and go out before us and fight our battles.” (1 Samuel 8:10-20).

.
19 posted on 04/30/2012 2:44:10 AM PDT by xzins (Vote Goode Not Evil! (the lesser of 2 evils is still evil))
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To: Oldeconomybuyer
President Obama is centering his agenda on policies to address economic inequality — including more manufacturing jobs and educational opportunities. Mitt Romney is focused on tax cuts for the rich, budget cuts for the poor, and on blaming Mr. Obama for the economic shambles...

More heads-I-win-tails-you-lose 'reporting' from the NYTimes.

20 posted on 04/30/2012 3:01:35 AM PDT by Tallguy (It's all 'Fun and Games' until somebody loses an eye!)
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To: Oldeconomybuyer

Obozo has given 5 trilion chineese dollars to his supporters that we all are on the hook for and this quota boy is still blaming Bush all the worlds ills ?
Quota boy sure is a P.O.S.


23 posted on 04/30/2012 3:34:22 AM PDT by Joe Boucher ((FUBO) Hey Mitt, F-you too pal)
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To: Oldeconomybuyer

“downshift”

Downshifting doesn’t pertain to the power of the engine. We’re losing engine power.

It’s a nice euphemism, though, suggesting there’s a driver in control. Where is our economy’s transmission?


27 posted on 04/30/2012 4:42:56 AM PDT by cymbeline
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To: Oldeconomybuyer
NY Times/Dinosaur Media Barf Alert.

As far as I'm concerned, as long as "the poor" have enough disposable $$ to get their tattoos, weaves, acrylic nails, cell phones, big screen TVs etc., then there is still plenty of cutting we can do on our FedGov entitlement spending.

I don't have the disposable $$ to throw away on that stuff even if I wanted it, so "the poor" can tighten their belts a whole lot more before they come running to me and other taxpayers with their hands out for more of my hard earned dollars.

28 posted on 04/30/2012 4:58:00 AM PDT by onemiddleamerican (FUBO and all your terrorist buddies)
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To: Oldeconomybuyer

“...and too fragile to withstand the kinds of budget cuts Congressional Republicans are proposing.”

“We’re so deep in debt that we cannot afford to spend less.”


32 posted on 04/30/2012 5:12:53 AM PDT by yefragetuwrabrumuy
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To: Oldeconomybuyer

More leftist drivel from the home of that economic genius, Krugman


40 posted on 04/30/2012 7:00:01 AM PDT by Paladin2
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