Comments on: Has the POR (Pelosi-Obama-Reid) Economy Bottomed Out?

By: Kevin Oyloe

Kevin Oyloe — Sun, 05 Apr 2009 05:38:12 +0000

Way to go David Thomson #3. you have it peged…

By: fred

fred — Tue, 24 Mar 2009 02:37:23 +0000

Mike @22,

I like the idea of the flat tax. If other countries are using it and it works, why can’t it work here?

By: SteveB/Colorado

SteveB/Colorado — Mon, 23 Mar 2009 23:20:04 +0000

edit: that should be “conservative Republican…).

One other thought. US Navy just launched a brand new aircraft carrier in the Nimitz class designed to fight the Soviet Navy on the high seas. But didn’t the Soviet Union implode in 1991? Why are we spending this kind of money on the military, instead of making sure troops going into combat have body armor and protected vehicles.

By: SteveB/Colorado

SteveB/Colorado — Mon, 23 Mar 2009 23:17:16 +0000

This thread sounds mostly like a bunch of sore losers left over from last November. Where were you guys during 2000-2006 when Bush didn’t veto a single spending bill from the Republican congress (disclosure: I’m a traditional conservation Republican)? I agreed with his tax cuts. But where were the corresponding cuts in spending?? Instead of spending cuts, we got an unnecessary war in Iraq with no bid contracts; a Medicare prescription drug benefit with a ban on HCFA trying to get competitive bids for drugs. We also got the infamous No Child Left Behind and we turned over vast tracts of land in the West and off-shore to the energy companies so they could enhance their bottom lines instead of drilling. Why was it that over two thirds of awarded leases were idle at a time of $147 for a barrel of oil?

I’m no fan of Pelosi pork in spending bills. But let’s be honest here. There is ample blame to go around for the country getting into the fix it’s in.

By: rjo

rjo — Mon, 23 Mar 2009 17:40:49 +0000

In January I was looking to buy some stocks. I thought with the change in administration and the Hope & Change being an optimistic message, the markets would turn around. I held on for a few days for a gut check, then for a few more and now I’m not going to get take any positions until the index is near 10,000. Glad I held. Since the inauguration the administration has been all doom and gloom. Treasury is poorly staffed indicating that the crisis in the financial system is not a priority of the Obama Administration. Spending has been out of control which is not sending a good signal to the markets – inflation is certainly on the way and borrowing trillions in a credit crisis smacks of irresponsibility. Indications that the administration is willing to meddle in private business to has investors a bit squeamish.

Since 1/20 any downturns are owned by President Obama.

By: typos_R_us

typos_R_us — Sun, 22 Mar 2009 12:23:49 +0000

Depressions are like avalanches. They start slow and pick up speed and power as they slide down hill.
The Usurpers economic models (from OMB,CBP, etc.) are all based on the 82-83 downturn. That means the model is flawed, since it is impossible for it to be any worse then that recession.
Use the ’29 depression and you get a whole ‘nother ball game. Since the Cater response to that crisis was to piss his pants and whine a lot, there is no reason to use it as a basis for any model of the current crisis. The Usurper is using the FDR response to the crsh of ’29, so it is more reasonable to assume his actions will generate the same results, more of less. The differences between the current economic infrastructure and that of the 1930′s are more a matter of degree then substance.
Like FDR’s work programs, the Usurpers work programs will slow the avalanche, but not change the direction or the terminal velocity.
Tax funded work projects DO NOT create permanent jobs. Temporary jobs don’t create wealth and when they end, they leave workers unemployed and no capital to create real jobs with. Anybody else remember this?

http://www.miseryindex.us/
I lived thru it. Survived might be a better word then lived. Any way, after all the work projects are done, things will get really bad since unemployment will shoot back up to 15%+ and all that money the feds have printed to pay the ‘workers’ (Soviet style, we pretend to work and they pretend to pay us) on the make-work projects will kick up inflation. We could be looking at a misery index over 20 (record was 20.76 in 1980), maybe even nearly 30.
My point is that we are just getting started on the worst economic crisis in American history. Things MIGHT bottom out about 2020 or so, if the FDR model holds true and the Usurper starts a war, like FDR did. After a certain point, changing Congress and the administration won’t make any difference.
About like a 4 year old standing in front of the avalanche and ordering it to stop.
If the Usurper declares a payroll tax holiday this summer and people take that money and spend it, the increase in money moving around should generate enough wealth to redirect the avalanche. Avalanches don’t go uphill so good. Direct it toward another hill and it will stop. Wait till next year and it will be too late. Like replacing that 4 year old with a 40 year old. The avalanche don’t care.

By: Mike

Mike — Sat, 21 Mar 2009 21:22:01 +0000

Fred,

Couldn’t have said it better, the only thing I would add is the punishing tax structure in this country, punishes success and reward lazy and failure!

We need a FLAT tax, NO deductions none, nodda! Those below a certain income level would pay no taxes!

By: whyyeseyec

whyyeseyec — Sat, 21 Mar 2009 18:49:17 +0000

Watch out America. Chelsea Clinton will be 30 by the midterm elections next year. That means she`ll be eligible for a senate seat.

We will never be free of the Clintons……

By: Marc Malone

Marc Malone — Sat, 21 Mar 2009 07:31:51 +0000

#18 geofizz – Great link. Great read. A must read. Now I’m depressed again. (sigh)

By: TurfMonster

TurfMonster — Sat, 21 Mar 2009 01:42:05 +0000

There’s been a movement to gather petitions to recall Max Baucus and Jon Tester from the US Senate here in Montana. Is this happening to the Democratic Senators from your states, if you have any?

I’d like to know.