Down another 350 points today......buy, buy, buy......sell your house and buy, buy, buy...
Invest in the "hope and change" thingy.....![]()
Hilarious. So it's Obama's fault that the budget cuts the Republicans wanted are a drag on the recovery?
Hilarious. So it's Obama's fault that the budget cuts the Republicans wanted are a drag on the recovery?
Hilarious. So it's Obama's fault that the budget cuts the Republicans wanted are a drag on the recovery?
It is Obama's fiscal policy that is a drag on the economy. Period.
You're a jackass. Do back and read what you posted in the other thread. The analyst is calling for increased government spending you dolt.
You're a dumbass.... go back and READ what he ACTUALLY said rather than what the JOURNALIST 'summarized' he said. He is NOT calling for increased government spending. JP Morgan's position is that the fiscal policy of Obama is the reason for the drag on the economy.
Impending fiscal drag for 2012 remains intact. The deal does nothing to extend the various stimulus measure which will expire next year: we continue to believe federal fiscal policy will subtract around 1.5%-points from GDP growth in 2012. Its possible the fiscal commission could do something to extend some measure such as the one-year 2% payroll tax holiday, though we think unlikely, as it would need to be paid for, which would be tough. If anything, the debt deal may add modestly to the fiscal drag we have penciled in for next year.
It IS stupid .... and no matter how hard we try....we can't fix stupid,,,,There are no cuts, it's stupid to say that a 7% increase in spending is a cut.
You're a jackass. Go back and read what you posted in the other thread. The analyst is calling for increased government spending you dolt.
You're an idiot:
Impending fiscal drag for 2012 remains intact. The deal does nothing to extend the various stimulus measure which will expire next year: we continue to believe federal fiscal policy will subtract around 1.5%-points from GDP growth in 2012. Its possible the fiscal commission could do something to extend some measure such as the one-year 2% payroll tax holiday, though we think unlikely, as it would need to be paid for, which would be tough. If anything, the debt deal may add modestly to the fiscal drag we have penciled in for next year.
He's saying that the expiration of stimulus measures will be a drag on the economy and that the debt deal with add to it. Obama proposed extending the payroll tax holiday and the Republicans rejected it outright. It's no wonder. The Republicans are engaged in an act of deliberate sabotage on the American economy because they know it's their ticket to electing a Republican president in 2012. .
you know how I know the deck mopper bravo is poor, he mocks buying low.
and apparently neither do you.The Republicans don't know shite about economics.
yes, because INCREASING taxes is exactly what the economy needs right now.........The debt deal was terrible for the economy, largely because of the TEA idiocy that closing loopholes = tax increase.
you can't be that economically retarded, can you?It's funny; as lambasted as the stimulus is, that's probably exactly what we need more of right now. Conservatives can't do the math that the economy is currently losing & about to lose much more than another stimulus would cost.
The Republicans don't know shite about economics. The debt deal was terrible for the economy, largely because of the TEA idiocy that closing loopholes = tax increase.
It's funny; as lambasted as the stimulus is, that's probably exactly what we need more of right now. Conservatives can't do the math that the economy is currently losing & about to lose much more than another stimulus would cost.
Yes, allowing the idiots to outspend revenue by $2.4 TRILLION from now until 2012 is clearly fucking retarded and a bad deal for the economy.
That said, it is equally stupid for the tea party to say closing loopholes should be off the table. Especially given they tout being 'fiscally responsible'
As always, it depends on HOW the stimulus is done. Given Obama's track record, I wouldn't trust him with more stimulus decisions.
That said, one day we are going to have to step up and take some of the pain. The constant attempts to push the problems into the future is only making things worse.
Things were HORRID in 1980. We then saw interest rates rise dramatically and we TOOK THE PAIN required to fix the problems via the recession of 81/82. Then we were able to move forward and experienced the greatest period of prosperity in our history with only a minor recession in 18 years.