Comments on: If the Economy Is So Bad, Why Isn’t It Worse? http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/ Wed, 15 Feb 2012 21:50:02 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Jesze915 http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-259293 Jesze915 Wed, 13 May 2009 20:34:30 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-259293 Im still lost? Im still lost?

]]> By: jose http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-217231 jose Sun, 08 Mar 2009 02:40:08 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-217231 You are so right sierra that's my opinion You are so right sierra that’s my opinion

]]> By: Jim http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-59956 Jim Fri, 13 Jun 2008 17:45:40 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-59956 Now, now, now, Bennett. There's more to the US money system than you say. True, our money system involves a lot of financial tricks rather than sound principles. But there are more factors involved. Still, our national debt consists of loans made mostly by international financiers who expect full return of their loan to us. Federal spending being so wildly out of control, and being backed by enormous amounts of debt is a very large factor in the dollar dropping so much recently. The US govt debt is increasing at a rate of more than $1 trillion per year now. The national debt increased 50% in the past 4 years. There is no sign of this letting up. Conservatives like to pat Bush on the back for his wonderful idea of tax cuts (and let's ignore that they are not accompanied by corresponding spending cuts). Do we really think that this continual heavy borrowing can just continue on year after year without some big problems happening? Are we all (including conservatives) going to stay in our dreamland of heavy federal spending that has no backing? Wake up people. I believe USA is headed for major financial collapse - Federal Reserve or no Federal Reserve. Now, now, now, Bennett. There’s more to the US money system than you say. True, our money system involves a lot of financial tricks rather than sound principles. But there are more factors involved. Still, our national debt consists of loans made mostly by international financiers who expect full return of their loan to us. Federal spending being so wildly out of control, and being backed by enormous amounts of debt is a very large factor in the dollar dropping so much recently. The US govt debt is increasing at a rate of more than $1 trillion per year now. The national debt increased 50% in the past 4 years. There is no sign of this letting up. Conservatives like to pat Bush on the back for his wonderful idea of tax cuts (and let’s ignore that they are not accompanied by corresponding spending cuts). Do we really think that this continual heavy borrowing can just continue on year after year without some big problems happening? Are we all (including conservatives) going to stay in our dreamland of heavy federal spending that has no backing? Wake up people. I believe USA is headed for major financial collapse – Federal Reserve or no Federal Reserve.

]]> By: Bennett http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-56755 Bennett Mon, 09 Jun 2008 13:48:03 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-56755 The Federal Reserve is the most un-American organization ever created, they are the ones who truly have the power over us; just a small group of secretive private bankers. The Federal Reserve System must be abolished. They have no constitutional authority to exist in the first place. By devaluing our currency they put America on the fast track towards depression, and through a system of creating debt they have turned all of us into slaves. The Fed meets in secret and has no oversight; as we talk about the need for more regulation in the financial sector to prevent fraudulent loans to be issued, the oversight should start at the top with the Federal Reserve disclosing all of their otherwise private details to the public. The Federal Reserve is a private corporate banking cartel made up of wealthy international bankers. The Federal Reserve is as “federal” as Federal Express. Because they are a private entity, they are the ones to benefit when money is borrowed from them every time they issue dollars America, which they print out of thin air on worthless paper. It costs just as much for the Fed to print a $100 bill as it does to print a $1 bill. It is advantageous for the Fed if the nation is put into a situation where it is forced to borrow as much money as possible. In this regard, war is by far the best situation for a nation to be in, and I am sure the private bankers of the Fed could not be happier that our deficit is in the trillions because of the wars we are engaged in. Who benefits from war? The Federal Reserve does, as it loans our own money to us at interest. This interest is paid in the form of the Income Tax, which is illegal as the income tax is a un-apportioned tax that cannot be levied upon people for their labor. Yet all of the money we make four months out of the year goes to pay the Income Tax. By so doing, the Federal Reserve has enslaved the American people, while they plunge us deeper and deeper into debt by making sure wars are sustained for as long as possible, and the currency becomes more and more worthless, and our homes are foreclosed upon to make us homeless upon the land our fathers conquered, just as Thomas Jefferson predicted would happen if we would ever allow private banking institutions to control the issue of our currency. The Federal Reserve is a sick and disgusting entity that must be abolished for good. The Federal Reserve is the most un-American organization ever created, they are the ones who truly have the power over us; just a small group of secretive private bankers. The Federal Reserve System must be abolished. They have no constitutional authority to exist in the first place. By devaluing our currency they put America on the fast track towards depression, and through a system of creating debt they have turned all of us into slaves. The Fed meets in secret and has no oversight; as we talk about the need for more regulation in the financial sector to prevent fraudulent loans to be issued, the oversight should start at the top with the Federal Reserve disclosing all of their otherwise private details to the public. The Federal Reserve is a private corporate banking cartel made up of wealthy international bankers. The Federal Reserve is as “federal” as Federal Express. Because they are a private entity, they are the ones to benefit when money is borrowed from them every time they issue dollars America, which they print out of thin air on worthless paper. It costs just as much for the Fed to print a $100 bill as it does to print a $1 bill. It is advantageous for the Fed if the nation is put into a situation where it is forced to borrow as much money as possible. In this regard, war is by far the best situation for a nation to be in, and I am sure the private bankers of the Fed could not be happier that our deficit is in the trillions because of the wars we are engaged in. Who benefits from war? The Federal Reserve does, as it loans our own money to us at interest. This interest is paid in the form of the Income Tax, which is illegal as the income tax is a un-apportioned tax that cannot be levied upon people for their labor. Yet all of the money we make four months out of the year goes to pay the Income Tax. By so doing, the Federal Reserve has enslaved the American people, while they plunge us deeper and deeper into debt by making sure wars are sustained for as long as possible, and the currency becomes more and more worthless, and our homes are foreclosed upon to make us homeless upon the land our fathers conquered, just as Thomas Jefferson predicted would happen if we would ever allow private banking institutions to control the issue of our currency. The Federal Reserve is a sick and disgusting entity that must be abolished for good.

]]> By: sierra http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-55183 sierra Sat, 07 Jun 2008 14:51:44 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-55183 Point: Why has the Fed stopped reporting M3???? Maybe too much cash "sloshing" around in the system that contributed to the crisis we are facing now? I live in California; 77 years old; have gone thru many "downturns" (and upticks) in our economy and have never seen the "numbers" like now..... We are a "consumer" society firstly, exporters second. The consumer is now faced with almost an insurmountable litany of problems from the rocketing price of gas (oil) to their primary support system, ie., home equity, being swiftly eroded. We "own" a debt that we know that we can never repay......to "ourselves." Still, it is un-repayable.... The Fed is printing money 24/7 and has been since the late '80' crash.... We will eventually face the inevitable rock and hard place of plunging dollar world wide (which is occurring as we write) and the inevitability of raising interest rates to protect same. We are now "bailing out" FINANCIAL institutions which goes against all common sense. Our "banks" are no longer "local" so they no longer have any personal responsibilities towards their local communities. Thank heavens for credit unions and other smaller local thrifts..... We are a nation adrift of history; ignorant of history; and refuse to understand what "globalization" means, except when defined by the MSM. We have an administration (no less responsibility lays on the "opposition") that is irresponsible in the least and criminal in the conduct of our foreign policies. We have a selfish, narcissistic public that refuses to understand that we live in a global world; our "needs" or "lifestyles" are not meant to rule the world! It will be interesting to see how the public and the our government/corporate power elites handle this latest mess. As an atheist, God help us all! Point: Why has the Fed stopped reporting M3????
Maybe too much cash “sloshing” around in the system that contributed to the crisis we are facing now?
I live in California; 77 years old; have gone thru many “downturns” (and upticks) in our economy and have never seen the “numbers” like now…..
We are a “consumer” society firstly, exporters second. The consumer is now faced with almost an insurmountable litany of problems from the rocketing price of gas (oil) to their primary support system, ie., home equity, being swiftly eroded.
We “own” a debt that we know that we can never repay……to “ourselves.” Still, it is un-repayable….
The Fed is printing money 24/7 and has been since the late ’80′ crash….
We will eventually face the inevitable rock and hard place of plunging dollar world wide (which is occurring as we write) and the inevitability of raising interest rates to protect same.
We are now “bailing out” FINANCIAL institutions which goes against all common sense.
Our “banks” are no longer “local” so they no longer have any personal responsibilities towards their local communities. Thank heavens for credit unions and other smaller local thrifts…..
We are a nation adrift of history; ignorant of history; and refuse to understand what “globalization” means, except when defined by the MSM.
We have an administration (no less responsibility lays on the “opposition”) that is irresponsible in the least and criminal in the conduct of our foreign policies.
We have a selfish, narcissistic public that refuses to understand that we live in a global world; our “needs” or “lifestyles” are not meant to rule the world!
It will be interesting to see how the public and the our government/corporate power elites handle this latest mess.

As an atheist, God help us all!

]]> By: Don Polson http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-54377 Don Polson Thu, 05 Jun 2008 23:25:15 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-54377 Sentence should read: "Also, similar economic conditions under Clinton were reported consistently better than under Bush." Yes, bad news sells but MSN is more energetic about reporting bad news when the President is a Republican than a Democrat. Don Sentence should read: “Also, similar economic conditions under Clinton were reported consistently better than under Bush.” Yes, bad news sells but MSN is more energetic about reporting bad news when the President is a Republican than a Democrat.

Don

]]> By: Don Polson http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-54368 Don Polson Thu, 05 Jun 2008 23:20:40 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-54368 Change the sentence to "Also, similar economic conditions under Clinton were reported consistently more positively than under Bush." Point is, the natural tendancy to report "bad news" gets more energetic when the President is a Republican. Don Change the sentence to “Also, similar economic conditions under Clinton were reported consistently more positively than under Bush.” Point is, the natural tendancy to report “bad news” gets more energetic when the President is a Republican.

Don

]]> By: Don Polson http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-54360 Don Polson Thu, 05 Jun 2008 23:16:41 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-54360 Analysis of news coverage of economy is incomplete w/out factoring in measurably more negative stories when Rep's are president vs. Dem's. Also, similar economic conditions under Clinton were reported consistently worse than under Bush. Example: "recession" as a topic showed up much more infrequently in 2000 when economic contraction actually occurred, compared to, oh, say, most of the last year as growth has gone from great to slow--but still growth. Don Polson Analysis of news coverage of economy is incomplete w/out factoring in measurably more negative stories when Rep’s are president vs. Dem’s. Also, similar economic conditions under Clinton were reported consistently worse than under Bush. Example: “recession” as a topic showed up much more infrequently in 2000 when economic contraction actually occurred, compared to, oh, say, most of the last year as growth has gone from great to slow–but still growth.

Don Polson

]]> By: Smokey http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-53460 Smokey Wed, 04 Jun 2008 19:46:06 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-53460 samule dhalgren, could you tell us what planet you're reporting from? Because it certainly isn't Earth. And for those still arguing whether we're in a recession, see <a href="http://i224.photobucket.com/albums/dd137/gorebot/image001-1.jpg" rel="nofollow">here</a>. Note the shaded areas. They are recessions, as determined by the National Bureau of Economic Research of the Federal Reserve Board. A recession is specifically defined as two consecutive quarters of negative GDP growth. As a matter of fact [as opposed to liberal, know-nothing opinion], the U.S. is not in a recession -- much as people with a political agenda want it to be so. Furthermore, in the most recent quarter the U.S. economy has begun to accelerate, not contract. That is the truth of the matter, and those arguing recession are doing so with a politically mendacious agenda in mind. samule dhalgren, could you tell us what planet you’re reporting from? Because it certainly isn’t Earth.

And for those still arguing whether we’re in a recession, see here.

Note the shaded areas. They are recessions, as determined by the National Bureau of Economic Research of the Federal Reserve Board. A recession is specifically defined as two consecutive quarters of negative GDP growth. As a matter of fact [as opposed to liberal, know-nothing opinion], the U.S. is not in a recession — much as people with a political agenda want it to be so.

Furthermore, in the most recent quarter the U.S. economy has begun to accelerate, not contract. That is the truth of the matter, and those arguing recession are doing so with a politically mendacious agenda in mind.

]]> By: marchand chronicles http://pjmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-53307 marchand chronicles Wed, 04 Jun 2008 16:26:51 +0000 http://pajamasmedia.com/blog/if-the-economy-is-so-bad-why-isnt-it-worse/#comment-53307 samule, thanks for the drive-by spamming. Ratatosk, thanks for the drive-by flaming. Next time you disagree, manage to read the article first. This is the second sentence: "The economy is certainly not as healthy as it was a few years ago, AND MAY YET GET MUCH WORSE." (Emphasis added, which I wouldn't ordinarily point out, except some people seem not to get the obvious.) Duquette's entire point was that while the future may still be uncertain, the state of the economy RIGHT NOW is unbelievably sound considering the triple-shot of rising energy prices, rising food prices, and falling real estate prices. samule, thanks for the drive-by spamming.

Ratatosk, thanks for the drive-by flaming. Next time you disagree, manage to read the article first. This is the second sentence: “The economy is certainly not as healthy as it was a few years ago, AND MAY YET GET MUCH WORSE.” (Emphasis added, which I wouldn’t ordinarily point out, except some people seem not to get the obvious.)

Duquette’s entire point was that while the future may still be uncertain, the state of the economy RIGHT NOW is unbelievably sound considering the triple-shot of rising energy prices, rising food prices, and falling real estate prices.

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