Why ‘Obamanomics’ is working

[skymiles 3]

http://www.msnbc.msn.com/id/36322393/ns/business-businessweekcom

Hard to argue against the market.

[Gawain 0]

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http://www.msnbc.msn.com/id/36322393/ns/business-businessweekcom

Hard to argue against the market.

MSNBC and BusinessWeek...yeah, there's no spin there. It's the "National Barack Channel" along with "Barack Weekly"...one of the highest concentrations of apologists in the country.

One positive month of employment numbers, followed by a new rise in first time unemployment claims a week later...all because the Dow touched 11000 today. GM and Chrysler are still bleeding...despite tens-of-billions of dollars in takeover money. Odd how Ford is profitable...Mullaly took some risk, saw this coming years ago and leveraged the company to weather the storm. It's paying off.

I truly hope this is only cyclical, and we start getting really ramped up. Adding 150,000 jobs per month isn't going to cut it. We need to get things humming along to the tune of 400,000-500,000 jobs per month. Yes, we need to super-heat things back into shape.

What that article wholly ignores the European Union, China, and Japan. If Greece goes, Spain is likely next and it's done. That's all it will take for that tail to wag this dog.

If the talk of a VAT gets traction and is implemented, forget it. Consumer spending will plummet, business investment will drop and oh, revenues to the government to service the massive interest on this suddenly doubled debt will disappear.

So I try and I scream and I beg and I sigh
Just to prove I'm alive, and it's alright
'Cause tonight there's a way I'll make light of my treacherous life
Make light!

[CanuckInUSA 0]

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Hard to argue against the market.

Wall Street and Main Street are not the same. Wall Street often makes no sense whatsoever. A company could be a very well run profitable company, but if Wall Street wants to do something to this company they will. Likewise a company could be a poorly run operation, but once again if Wall Street wants to manipulate the stock, they will. Money is made on Wall Street in options when the markets are going up as well as down. Nope good news for Wall Street is only good news for those with interests close to Wall Street regardless of who occupies the White House.

Try not to worry about the things you have no control over

[DannHuff 0]

You will only know down the track (eg ten years later) if the approach taken was the right one. No point in short term gain if long term problems are created. Time will tell.

[kelpdiver 2]

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MSNBC and BusinessWeek...yeah, there's no spin there. It's the "National Barack Channel" along with "Barack Weekly"...one of the highest concentrations of apologists in the country.

The article wasn't completely one sided, but it was pretty simplistic, either intentionally or due to ignorance. With the fall of the media these days, either are possible.

Scant attention paid to the debt issue.
Talking about the rise in the dollar against a basket of unnamed currencies, one of which certainly is the Euro, a troubled currency that only a year ago was supposed to replace the dollar.

Newsweek, Business Week, Time. Weekly magazines are about the worst in terms of thin writing. The Economist is better, but you have to accept the leftist tendencies.

[kallend 2,106]

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Hard to argue against the market.

Wall Street and Main Street are not the same. Wall Street often makes no sense whatsoever.

Yep, like all those CDSs and other "instruments" they invented, that brought misery to millions but still left the CEOs with their huge bonusus.

...

The only sure way to survive a canopy collision is not to have one.

[kallend 2,106]

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http://www.msnbc.msn.com/id/36322393/ns/business-businessweekcom

Hard to argue against the market.

MSNBC and BusinessWeek...yeah, there's no spin there.

The WSJ, of course, being owned by Rupert Murdoch's organization News Corp. (just like FOXNEWS), is completely impartial. Yep!

...

The only sure way to survive a canopy collision is not to have one.

[Lucky... 0]

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MSNBC and BusinessWeek...yeah, there's no spin there. It's the "National Barack Channel" along with "Barack Weekly"...one of the highest concentrations of apologists in the country.

Ok,. let's ditch the source and pay attention to the objective numbers.

BTW, I bet you thought Clinton would be a dissaster too, huh? I bet you thought GWB's and Reagan's ideas were good too, huh?

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One positive month of employment numbers,...

Actually a freefall in unemployment as Obama took office, 3.4% incr from Feb 08 to Feb 09 is astronomical. Then it took until October for the stimulus to work and unemp peaked at 10.1%. Now it's down to 9.7 with jobs beng created, so it's dishonest and a ridiculous microcosm to look at 1 week.

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...followed by a new rise in first time unemployment claims a week later...

I didn't hear that, but if you live on teh day or week, you are sure to be thrilled by things like the stock market and other things that constantly vary as a norm. The idea is to look at tremds, that is, unless the trends thwart your arguments.

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...all because the Dow touched 11000 today.

Or because it was inherited in freefall, hit 6500 and as the stimulus/confidence boosted it back up to 10k in a few mnonths, now it's at 11k, unless you want to be semantic and call it 10,997.35. Unless you are an anarchist Republcian, 11kk in great news, the GDP is great news, unemp is great news.

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GM and Chrysler are still bleeding...despite tens-of-billions of dollars in takeover money.

Yep, so let em fail or what? Our 5th product and you would let them fail.

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Odd how Ford is profitable...Mullaly took some risk, saw this coming years ago and leveraged the company to weather the storm. It's paying off.

No doubt GM and Chrysler were poorly managed, but we can't let a huge producer fail withoput expecting severe consequence.

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I truly hope this is only cyclical, and we start getting really ramped up. Adding 150,000 jobs per month isn't going to cut it. We need to get things humming along to the tune of 400,000-500,000 jobs per month. Yes, we need to super-heat things back into shape.

Yep, well, we have to take what comes and try to impart projects that will bode to this. You can't just custom order jobs. Don't ya think tax cuts, my friends would fix everything? Worked for Hoover.

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What that article wholly ignores the European Union, China, and Japan. If Greece goes, Spain is likely next and it's done. That's all it will take for that tail to wag this dog.

And then the sky falls. Dude, I understand your party left 2 messes, in Jan 93 in recovery but a 7% unemp mess and now with unemp 8% and screaming. We fixed it then, we'll fix it now so the Redumblicans can impose their tax cuts my friends policies upon us and fuck it all up again.

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If the talk of a VAT gets traction and is implemented, forget it. Consumer spending will plummet, business investment will drop and oh, revenues to the government to service the massive interest on this suddenly doubled debt will disappear.

And yet you can't show me one major federal tax increase that HAS BEEN IMPLEMENTED that turned into a disater. All you can show me are tax increase scenarios that THEORETICALLY could cause disasterous outcomes, with no supporting evidence. In science, your hypothesis dies while put into practice. Even if you can be like Mike and try to dig out a minor tax cut and try to pretend it created positive things, you have to show repeatability. I can show primary to exclusive repeatability that when taxes are raised, the entire picture look good for all, as taxes are lowered, it turns to despair.

[skycop 0]

All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

"Just 'cause I'm simple, don't mean I'm stewpid!"

[Amazon 7]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

[airdvr 210]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

Didn't you guys just do that?

Please don't dent the planet.

Destinations by Roxanne

[Amazon 7]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

Didn't you guys just do that?

It took those of you who support VOODOODOO economics 30 years to totally BUTT FUCK the economy.. and you expect Obama to fix it in 1 year????? YEAH RIGHT.

If you had your way.. we would have had more of McSame right now..

[Bolas 5]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

The thing everyone forgets is when Reagan cut taxes, Congress increased spending.

Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.

[Amazon 7]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

The thing everyone forgets is when Reagan cut taxes, Congress increased spending.

COMPARE and CONTRAST
The presidential BUDGETS

CARTER

The new budget does little to reverse the federal spending machine. Outlays in fiscal 1982 are slated to rise by 11.5%, to $739 billion, leaving a projected deficit of $27.5 billion. More than 75% of the payments are considered "uncontrollable." These include escalating social expenditures like Medicare benefits that are mandated by law and can only be reduced by congressional action. Fully 30% of spending is now indexed to rise automatically in tandem with inflation.

Overall, Carter in his final budget was generous with the Pentagon and stingy with almost everyone else, where he had any choice in the matter. Military spending is projected to rise by 14.5% next year, to $184.4 billion, or an increase of 5% after adjustment for inflation. Carter has already granted a 16% pay hike to servicemen in order to attract and keep better recruits. More money will be used to stockpile spare parts, and a mix of new ships, fighter planes, Trident submarines and MX intercontinental missiles will be added to U.S. armaments in 1982 and in future years.






RAY GUN


Most of the details of the President's plan for spending $1.02 trillion in the fiscal year 1988 had been disclosed in recent days, and the Democrats who will control both houses of the new Congress were quick to attack when the document was issued this morning.
The budget is based on economic assumptions that are, at best, educated guesses. While the Administration calculates that the proposal would yield a deficit of $107.8 billion in 1988, just below the ceiling set by law, the contention that those calculations are flawed was a key aspect of the criticism today.

[airdvr 210]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

Didn't you guys just do that?

It took those of you who support VOODOODOO economics 30 years to totally BUTT FUCK the economy.. and you expect Obama to fix it in 1 year????? YEAH RIGHT.

If you had your way.. we would have had more of McSame right now..

And what Obama is doing is different in what way?

Please don't dent the planet.

Destinations by Roxanne

[Amazon 7]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

Didn't you guys just do that?

It took those of you who support VOODOODOO economics 30 years to totally BUTT FUCK the economy.. and you expect Obama to fix it in 1 year????? YEAH RIGHT.

If you had your way.. we would have had more of McSame right now..

And what Obama is doing is different in what way?

Oh I dont know.. things like letting GOAT FUCK STUPID tax cuts expire...is a start.

[airdvr 210]

One word...meds.

Please don't dent the planet.

Destinations by Roxanne

[billvon 3,070]

>One word...meds.

And your one warning.

[skycop 0]

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

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I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different

My father is a JFK Democrat, he's been in the investment business for over 40yrs. He says we are in uncharted territory. He is optomistic but makes no predictions.

Reagan ran a debt while the economy grew, Obama is spending record amounts while revenues are declining. Reagan policies greated growth, like it or not, tax cuts increase revenue. The current policies will in the long haul prevent growth, thus prolonging the economic downturn.
The rich will duck, the poor will continue to endure on someone else's money, and the middle class with continue to take it in the 'nads.
My current tax return reflects that, I define the middle class ( a retired cop and retail manager) and we took it in the shorts.
When you call Reagan, Ray Gun.........you lose all credibility,
Like it or not, he turned around a major downturn. We are in that now minus inflation and sky high interest rates. Just wait, the worst is yet to come.
With that said, Bill Clinton, minus his personal issues, knew how to govern and play politics to survive.
That is one thing my father and I agree on, Obama does not, and many of his policies are just scary.

"Just 'cause I'm simple, don't mean I'm stewpid!"

[Amazon 7]

DUDE I voted for Ronnie RAY GUN.... how many billions did he spend with his Ray Guns for All in the military industrial complex but cut everything for the American people Programs????

I am really sorry to tell you but the fiscal responsibility of the GOP left the house in Jan 1981... and has been absent ever since. Having a FALSE ECONOMY based on BORROWING is GOAT FUCK STUPID but the stupid fuckers in the rePUBIClown party seem to wallow in it.

What was the debt when he left.. and I sure as hell remember the economy not being in such great shape... remember his successor... READ MY LIPS... yeah right... he had to raise taxes because the VOO DOO DOO was getting kinda deep... with a deficit at when he left office..4 TRILLION DOLLARS perhaps you seem to forget that part.

http://www.huppi.com/kangaroo/5Debt.htm

Federal Deficit and Debt (Nominal dollars, in millions)1

Year...... Deficit......... Debt..............................Debt as a percentage of that year's GDP
1979 -$40,183 -$828,923..............................34%
1980 -73,835 -908,503.............................. 34
1981 -78,976 -994,298.............................. 34
1982 -127,989 -1,136,798..............................36
1983 -207,818 -1,371,164..............................41
1984 -185,388 -1,564,110..............................42
1985 -212,334 -1,816,974.............................. 46
1986 -221,245 -2,120,082..............................50
1987 -149,769 -2,345,578..............................53
1988 -155,187 -2,600,760..............................54
1989 -152,481 -2,867,538..............................55
1990 -221,384 -3,206,207..............................59
1991 -269,521 -3,598,303 .............................. 63
1992 -290,403 -4,001,941.............................. 67





He did not have to start the downward spiral into debt..

http://www.cato.org/pubs/pas/pa013.html

[skycop 0]

And your point is?

I was concerned about debt in the 80's and 90's, it was one of Clinton's platform planks. Clinton tried the hard left turn the first two years, the 94 election changed that, he then reduced the debt with a republican congress. Obama has politicians from his own party jumping on swords left and right.
I agree GWB increased the debt, Obama has DOUBLED it in ONE year, while revenues are declining. That is unsustainable, period.

The "well, he did" argument doesn't hold water, there should be a wake-up call in Nov. and I don't care which party they come from. Free markets, fiscal responsibility, and limited government is what I care about, not party affiliation

When you saw RAY GUN, you sound like the lead singer in a bad 80's punk band.

"Just 'cause I'm simple, don't mean I'm stewpid!"

[winsor 236]

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All fine and dandy, goverment spending spitting numbers that look like growth.
Interest rates and energy prices starting to creep, debt at record levels, and large tax increases on the horizon.
Now take into considetation the amount of money printed and the tide of inflation thats going to have to burn that money up.

Yep things are just peachy, this mess is going to make Nixon and Carter look like economic giants.

Considering what the national debt was ( which APPALLED me at the time of about 800 Billion) under Carter...

I have to say I am VERY SORRY for voting for Ronnie RAY GUN and his Reaganomics AKA VOODOODOO Economics that has lead to 12 TRILLION in debt under his fellow travellers of Bush the 1st and Bush the 2nd.

It definitely time to try "and now for something completely different"

I agree completely. If the numerical illiterates such as Reagan and the Bushes can be likened to Voodoo practitioners, the incumbent is, by comparison, on a par with an educated Physician.

Enter Dr. Kevorkian.

[Amazon 7]

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And your point is?

I was concerned about debt in the 80's and 90's, it was one of Clinton's platform planks. Clinton tried the hard left turn the first two years, the 94 election changed that, he then reduced the debt with a republican congress. Obama has politicians from his own party jumping on swords left and right.
I agree GWB increased the debt, Obama has DOUBLED it in ONE year, while revenues are declining. That is unsustainable, period.

The "well, he did" argument doesn't hold water, there should be a wake-up call in Nov. and I don't care which party they come from. Free markets, fiscal responsibility, and limited government is what I care about, not party affiliation

When you saw RAY GUN, you sound like the lead singer in a bad 80's punk band.

Pssst... The national debt was 800 billion when Ray Gun Ronnie took office. I was concerned about THAT level of debt then!!!!!!!
Thats why I voted for him... he was going to fix that.. instead we have a downward spiral that has continued thru 3 practioners of VOO DOO DOO economics.

When you CLAIM that Obama has doubled the debt in one year.. that is true on a ONE YEAR BASIS... but completely disingenuos in the long term. Nice scary tactic talking point sound bite but not factual. Obama took office with ALMOST 12 TRILLION indebt inherited from the VOO DOO DOERS.

I guess your idea of a free market is to let us go into a depression.. since you have the government to pay you your pension and fuck all for everyone else... who does not live off of government largese.

[mnealtx 0]

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Obama took office with ALMOST 12 TRILLION indebt inherited

And he's increased it by 1/7 already.

Mike
I love you, Shannon and Jim.
POPS 9708 , SCR 14706

[Amazon 7]

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Obama took office with ALMOST 12 TRILLION indebt inherited

And he's increased it by 1/7 already.

Oh and how much of that was inherited from crap put in place by your Lord and Masters??