Booming Economy Fearsome

“Booming Economy Fearsome

Inside the Beltway USA-Friday March 5, 2004

President George W. Bush was reported to be elated, ecstatic and peacock proud when it was revealed the U.S. economy found slots for 21,000 employees. "See", the president was quoted, "they said it was impossible to put such a number to work in such a short span of time. Well look at the figures! They speak for themselves and quite loudly.

Most economist had forecast a job growth in the hundreds of thousands. Thus they were once again shown to be less than lucid and should have remained as weather forecasters on local stations..

Smedlay Morgenfriar, connected with some department within the U.S. government, also weighed in saying "People don't realize how difficult it is to get people employed when all employment in the United States of America is headed overseas. Besides being unable to get fast-food workers included in the manufacturing sector; that really hurt those employment figures."

- thespoof.com”

“OPEC will stop the 'Shrub' from being re-elected.Unless of course,
this price rise is staged so he will arrive as the white knight days before the election with a solution.”

“Some will do anything to make Obama look bad.http://finance.yahoo.com/blogs/daily-ticker/deficit-helping-economy-not-hurting-david-levy-says-20110418-061742-148.html%20;_ylt=Am9_HkwNvN90y7eiHknE_y.7YWsA;_ylu=X3oDMTE1OThqbTByBHBvcwM5BHNlYwN0b3BTdG9yaWVzBHNsawN0aGVkZWZpY2l0aXM-?sec=topStories&pos=6&asset=&ccode=”

“you couldn't find a fuego thread to post that link in?”

“It's the economy stupid.”

“and it's a fuego topic.

”

“The same rating agencies that gave AAA to MBS's is lowering the rating of the US Gov? Yes, I can see why yawl don't want your children to see what the Corporations are doing to this country.”

“That's the biggest load I ever heard!

Yeah, run up all your credit cards and see how much that helps you financial situation....”

“For a price you can get any rating you like, that has been proven.”

“Goldman Sachs' first-quarter income fell 72 percent after the bank paid out $1.64 billion in dividends as it redeemed preferred shares it issued to billionaire investor Warren Buffett during the financial crisis.

The taxpayer will get almost nothing from either GS or Buffet-15% if that.”

“America's Debt Crisis
U.S. credit rating outlook lowered by S&P
By Ben Rooney, April 19, 2011

http://money.cnn.com/2011/04/18/news/economy/us_credit_rating_outlook_lowered/index.htm”

“I think that proves the point that revenues have to pick up along with spending cuts.”

“S&P didn't actually downgrade the US Debt. They assigned a 'negative' outlook based on their perception that US Policymakers will fail to reach any agreement on how to handle the fiscal challenges in the medium to near term. Excerpt copied below:

Standard & Poor's assigned a "negative" outlook to U.S. government debt, and global stock markets fell. The credit-rating agency said there is a one-in-three chance that the debt will be downgraded within two years. "We believe there is a material risk that U.S. policymakers might not reach an agreement on how to address medium- and long-term budgetary challenges by 2013," S&P said in a report.

Based on what we have witnessed with the late Dec 2010 tax bill (that put retroactive changes in place back to the prior JANUARY) and with the current budget debacle in Congress - they are probably right.

Our elected officals are failing us at every opportunity.”

“Do the math guys, more redistributive tax increases won't put the slightest dent in the dept. Unsustainable spending must stop now.”

“It's kind of amazing that the politicians who went to the matt to protect the tax cuts for people making more than 1/4 million a year - are now howling about the debt emergency.”

“Every time you go to the gas pump, remember that you are competing with the Biggest Organized Consumer of fossil fuels in the world and paying their bill as well as well as your own--- the US Military. More taxes and spending cuts can't cut far enough into that situation, ever.”

“I'm curious. Do you have a dollar figure for how much the US military spends on oil every year and how it compares compares to the spending cuts that were proposed in the most recent stop gap spending bill?”

“'Grow or die', the biggest lie every told.

http://finance.yahoo.com/banking-budgeting/article/112569/doomsday-trends-america-marketwatch?mod=bb-budgeting%20%20%20&sec=topStories&pos=9&asset=&ccode=”

““I'm curious. Do you have a dollar figure for how much the US military spends on oil every year and how it compares compares to the spending cuts that were proposed in the most recent stop gap spending bill?”
I tried as I do for most things I post, but with no luck again could I find anything that stayed consistent, amongst the many sources, enough to be posted. The IMC spends a lot of money keeping real figures from the eyes of' We the People'.”

“I saw figures for 2003 (around 6 billion) and 2007 (under 13 billion). Thats a lot of dough, but it its a drop in the bucket to the billions we have been spending on the rest of the government and the spending cuts that have been proposed.

BTW, excuse me if this is common knowledge, but are you uncliff as well?”

“http://www.american.com/graphics/2007/november/Guess%20Who%20Really%20Pays%20the%20Taxes.jpg

http://www.american.com/graphics/2007/november/RIch%20Pay%20More%20Under%20Bush%20Tax%20Cut.jpg

Top earners are the target for new tax increases, but the U.S. tax system is already highly progressive. The top 1 percent of income earners paid 40 percent of all federal income taxes in 2007, while the bottom 50 percent paid only 3 percent. More than one-third of U.S. earners paid no federal income tax at all.”

“

”

“2004 data???”

“stratdood, nice to know you are in that top 1%. No wonder you don't want your taxes to go up.

wonder how many loopholes those top 1% use when paying filing their taxes. Best it is a whole lot more than the rest of the people”

“You're living withthe result of that 2004 initial flood of revenue, now the trickle down comes to a drip on your shoe - splatter!”

“http://www.nationalreview.com/articles/264917/not-tax-cuts-not-wars-and-not-bailouts-kevin-d-williamson

Kevin D. Williamson
April 18, 2011 4:00 A.M.
Not Tax Cuts, Not Wars, and Not Bailouts
What is really driving America into insolvency.


Our deficit is running around $1.6 trillion. If we took all military spending — not just the Iraq and Afghanistan wars, but the whole shebang — and cut it to $0.00, we’d save about $664 billion a year. Iraq and Afghanistan will cost about $170 billion combined in FY2011. Ending the Bush tax cuts for “the rich” — for the $250,000-and-up crowd, in Obama’s formulation — would put on average about another $80 billion a year into Treasury coffers. (CBO estimates the ten-year cost of those tax cuts at $800 billion.) The spending on the wars and the forgone revenue from the Bush tax cuts do not add up to much of that $1.6 trillion deficit: a little less than 16 percent.

The tax cuts for the unrich were a good deal more expensive, which is why Obama’s rhetoric on the tax cuts sort of makes my head hurt: The president says he agreed to tax cuts for “the rich” only to preserve tax cuts for “the middle class” — which is to say, he agreed to a mere $800 billion in tax cuts that he didn’t want in order to preserve a considerable $2.2 trillion in tax cuts that he did want — and then argues that our problem is too many tax cuts, two-thirds of which he was so intent on keeping that he took the other third, too. But even that $2.2 trillion over ten years would not make much of a dent in our $1.6 trillion annual deficit.

And just who are these “rich”? Under Obama’s arbitrary, politically minded cutoffs ($200,000 for an individual, $250,000 for a couple), a public-school administrator earning $130,000 a year married to a pharmacist earning $125,000 a year and raising four kids is rhetorically lumped in with “millionaires and billionaires,” as the president put it, and desperately in need of a tax hike — but a single guy earning $198,000 a year is in the middle class, and his $2.2 trillion in tax cuts must be protected.”

“Remember the NY black guy that kept yelling the 'rent's too high'? He's the one that is right and all of you are just rite. We don't have a spending problem-- we have a charging too much problem. Get rid of the mortgage interest exemption and bring the price of housing to a realistic range and stop the transportation of people and goods all over the world.

Why doesn't the taxpayer buy flare guns for each traveler who leaves the US? It could shoot a red, white and blue flare that, no matter where you are a military base would be able to see the flare and come to your rescue.

We don't have a revenue or a spending problem, we have prices too high on everything we own and buy.”

“dOOd, do you really believe anything they say about military spending, if you do I have an inventory of bridges...”

“opportunist should be burned at the stake.http://finance.yahoo.com/news/Vulture-investors-are-still-cnnm-3599116136.html;_ylt=ArgpRqX1H7c_uWGuNZwvg7q7YWsA;_ylu=X3oDMTE1N21vb3FnBHBvcwM3BHNlYwN0b3BTdG9yaWVzBHNsawN2dWx0dXJlaW52ZXM-?x=0&sec=topStories&pos=4&asset=&ccode=”

“Insider trading lives!
The scam is complete.
GS makes hundreds of billions from fraud... pays 550 million fine
Tax payers are jerks, stupid, dumb!
06/16/2010 USA tax payers are officially sucker!
‘WASHINGTON—The Securities and Exchange Commission dropped its investigation of a former American International Group Inc. executive who ran a subsidiary at the center of AIG's problems, following a similar move last month by prosecutors.
The end of the federal investigations against Joseph Cassano means he won't face charges after lengthy scrutiny.’

The SCAM:
The Commodity Futures Modernization Act of 2000 ("CFMA"), signed by President Clinton on December 21, 2000, therefore created a "safe harbor" by (1) preempting state and local gaming and bucket shop laws except for general antifraud provisions, and (2) exempting certain derivative transaction on commodities and swap agreements, including credit default swaps, from CFTC regulation.’
Thus, the various bucket shop laws essentially prohibit the making or offering of a purchase or sale of security, commodity, debt, property, options, bonds, etc., upon credit or margin, without intending a bona fide purchase or sale of the security, commodity, debt, property, options, bonds, etc. If you think that sounds exactly like a naked credit default swap, you are right. What this tells us is that back in 1909, 100 years ago, people understood the risks and potential instability that comes from gambling on securities prices.’

! 'Andrew Cuomo, the youngest Housing and Urban Development secretary in history, made a series of decisions between 1997 and 2001 that gave birth to the country's current crisis. He took actions that in combination with many other factors helped plunge Fannie and Freddie into the subprime markets without putting in place the means to monitor their increasingly risky investments. He turned the Federal Housing Administration mortgage program into a sweetheart lender with sky-high loan ceilings and no money down, and he legalized what a federal judge has branded "kickbacks" to brokers that have fueled the sale of overpriced and unsupportable loans’

John Paulson, a hedge-fund manager in New York. His firm made $20 billion between 2007 and early 2009 by betting against the housing market and big financial companies. Mr. Paulson's personal cut would amount to nearly $4 billion, or more than $10 million a day
I believe the$1 billion would have been lost if the dumb tax payers didn’t bailout the insurance companies.
Mr. Paulson spent over $1 billion in 2006 to buy insurance on what he then saw as risky mortgage investments. When the housing market cracked and the mortgages tumbled, the value of Mr. Paulson's insurance soared. Illegal years ago!
Then in 2008, he shorted financial shares, or wagered that they would fall in price, profiting again when these companies collapsed.

The FIX:
Invert the pyramid(V) and put the weight of the little guys on top of the high priced do nothing executives!
Do not pay outstanding credit cards! Bailout to follow!
Do not pay on credit default swaps! They are not regulated and therefore should not be enforced!
While the former USA is changing laws and policies as it grows, to nowhere? Revoke all trusts or reduce to max $3,000,000.00 per trust, Declare banks insolvent. Payout the max $250,000.00 FDIC! Gets the money circulating!? If Buffet, Gates and other billionaires were to die the inheritors’ tax kicks in at 3 million and the rest of the money goes to the people(new government) of the former USA.

USA went into a sovereign nation. Removed their leader and hung him. Killed his children. Killed a few of his friends. Took his money!

Why can't it be done with CEOs, CFOs, executives and their families?”

“The dollar is going down to tubes thanks to Bernanke/Geitner/Obama

FOREX-U.S. economic data pushes dollar down vs euro, yen
http://my.news.yahoo.com/forex-dollar-rises-investors-trim-stretched-positions-053234273.html”

“HiGhYoH SiLvEr and away!!!!LMAO@dOOd”

“THE EMPLOYMENT SITUATION -- DECEMBER 2011

Nonfarm payroll employment rose by 200,000 in December, and the unemployment rate,
at 8.5 percent, continued to trend down, the U.S. Bureau of Labor Statistics
reported today. Job gains occurred in transportation and warehousing, retail trade,
manufacturing, health care, and mining.

Household Survey Data

Both the number of unemployed persons (13.1 million) and the unemployment rate
(8.5 percent) continued to trend down in December. The unemployment rate has
declined by 0.6 percentage point since August. (See table A-1.)

Establishment Survey Data

Total nonfarm payroll employment increased by 200,000 in December. Over the
past 12 months, nonfarm payroll employment has risen by 1.6 million. Employment
in the private sector rose by 212,000 in December and by 1.9 million over the
year. Government employment changed little over the month but fell by 280,000
over the year. (See table B-1.)

http://data.bls.gov/cgi-bin/print.pl/news.release/empsit.nr0.htm”

“As usual, the liberal media machine is hiding the dirt under the rug for O-blame-a. The unemployment and underemployed numbers are actually quite a bit higher than they are "reporting" . What a disservice to the citizens. They have zero credibility. N O N E”

“Good news for America = Bad news for Republicans”

“You do realize that the Bureau of Labor Statistics is not part of the "media machine", liberal or otherwise, don't you?

They do collect data on the number of people working part-time who would like to be working full-time and the number of discouraged job seekers. Its right there in the linked report.”

“You know I can prove what I say so I won't bother”

“You know I can prove what I say so I won't bother”

“Is that the way you do that? - two negatives = a positive?”

“Is that the way you do that? - two negatives = a positive?”

“In what desperate world does a .06% decrease in unemployment equal a booming economy?”

““In what desperate world does a .06% decrease in unemployment equal a booming economy?”

It could easily cause a flood of Kenyan Birth Certificates into the aisles of the US Tea Particle Congress.”

“�In what desperate world does a .06% decrease in unemployment equal a booming economy?�
- 1camper


This is a seven year old thread and the title was satirical.”

“Certainly news of this magnitude deserves it's own thread huh V? ...or maybe put it in the "Obama's accomplishments" thread....but nooo.

Real satire would need comparable news..”

“It's all BS anyways by any objective analysis . Count the new jobs but don't count the people who've given up looking. Basing the numbers on jobless claims alone is misleading. Obama over promised and underdelivered, a total failure.
Other than that, everything's great...”

“real unemooyment rate is 11.4%
http://www.zerohedge.com/news/real-jobless-rate-114-realistic-labor-force-participation-rate”

“Or is it 15.6%?
http://www.ibtimes.com/articles/278036/20120107/real-u-s-unemployment-rate-15-6.htm”

“Do I hear 16.6?
http://articles.moneycentral.msn.com/learn-how-to-invest/The-real-unemployment-rate.aspx”

“14.5% is the average of the three. Why so much concern about a figure which, if kept consistent in reporting rules over time, is only a Comparative Number? So much concern about that left (as viewed) shoulder of the IQ bell curve, indicates a concern by possibly some members of that side checking up on their kind.”