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Crude oil was down big today which is very good. The economy doesn't stand a chance with oil at these prices.
Yea, but unfortunately, China’s interstate roadway system is quickly going to dwarf ours, so what do you think will happen to the price of crude when that happens. We consume 25% of the world’s energy. China, which has 50x our population has energy needs that’s growing at such an exponential rate that it hurts my mind just trying to juggle the numbers.
By the way, 73 – 79 F-250 4x4 series fan? I used to be one, and that’s why it stuck out in my mind. Well, I’m still a fan, but I can no longer afford to drive one…
American corporate taxes have been below the oecd average for most of the last 30 years.
Another new poster who doesnt know that difference between an effective tax rate, vs the marginal, while comparing tax to the GDP, which does NOT have anything to do with the tax rate.
Ah the market is just catching up with the economy. If it continues to fall I wonder how long before your govt will finally admits we are in a full fledged DEPRESSION. Probably when I hit the pick 6 lotto on 10 consecutive nights in a row.
Obama may admit it, when he returns from the current fund raising event (his 35th, compared to a mere 7 or so by Bush and 5 by Clinton in the same time period). Oh, wait...Obama has to figure out some new excuses for it. The old ones have been overused.
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Originally Posted by florida.bob
The CBO provides its own assumptions in many areas if not most. It also provides the requester with many specifics of what is to be evaluated. To say that the CBO just takes what it is given to evaluate, is a bald faced lie.
What works for me is looking at what the CBO does, based on what the CBO does. Rather than only if they score something the way I want it to be scored. But if it works for you to be misled, by all means, enjoy.
The CBO doesn't exactly have an error free track record, and that calls its credibility into question.
Quote:
Originally Posted by Memphis1979
Until the budget is solidified for 10 to 15 years, regardless if that has tax increases, deficit reduction, spending cuts, entitlement reform, whatever, the markets will continue to fluctuate and fall.
All business wants is to know what Washington is doing for 10 to 15 years out.
When it changes by the month, business can't operate, hire, or grow.
What budget?? The Democrats have refused to present a budget for close to 2 years!
Quote:
Originally Posted by Jermaine88
I'm assuming you are talking about the Debt Deal..
The TP's have the majority in the house?
If it was a "Bad Deal" why didn't they say no and block it?
If the Debt Deal does not work the TP's are just as responsible for passing it.
C'mon. The citizens who got involved and gathered into a grass roots movement called the TEA party ("taxed enough already") to elect candidates of their choice are NO different than liberals and socialist leaning progressives (the long-standing movement called Democrats) who mount an effort to elect candidates of their choice. So, cut it out already.
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Originally Posted by pommysmommy
This is change you can believe in.
Yep. But not the kind of change that offers any HOPE.
Quote:
Originally Posted by bluecoller-eddie
A republican LIE.
Republicans Lie without shame.
Ex-president stupid hillbilly stole the social security surpluses earned by working Americans, gave it to his corporate masters so they could move 4 million and 555 thousand Manufacturing jobs overseas. Ex-president stupid hillbilly is not only a despicable LIAR, but a common thief as well.
---- bluecoller -- the grumpy old kraut-------
Your sources please for this hillarious statement.
BTW, if "republicans lie without shame," democrats lie shame-facedly. So, what's the difference? It's one of the skills politicians develop when they get into office, the Chief being chief of them. He even changes definitions of words so that he can cover it better.
Clearly the markets got spooked by seeing that we haven't done nearly enough to cut spending and to pay down the debt. We're heading for an economic precipice that Europe can no longer avoid and none of our elected leaders are able to deal with it.
Ron Paul warned us but we didn't listen! We didn't listen!
Location: Georgia, on the Florida line, right above Tallahassee
10,471 posts, read 15,838,455 times
Reputation: 6438
Quote:
Originally Posted by KUchief25
Debt now exceeds the GDP of the US. Congrats this is what the left have for some reason wanted all along.
Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter. Google
Cheney: the ultimate lefty. He's so left when he travels he wants all his TV's tuned to FOX news when he turns on the TV. You think that's a joke, don't you.
No..this is the real economy showing its ugly head.
No more stimulus and no more QE.
You've been fooled for 2 years now.
The part about no more stimulus and no more QE is true. But in recent months we've had the Chinese slowing down their economy to curb inflation, a European debt crisis involving Greece, Spain, Portugal, and Italy. and an earthquake in Japan. A lot of the economic growth in the United States in the last year or two was driven by export growth. The problems in other part of the world are starting to drag on the American economy.
It the Republican press to CHANGE government policy by reducing government spending then whatever affects that have on the economy THE REPUBLICAN PARTY OWNS THAT!
If the Republican Party insist on no further stimulus, unemployment or other goverment spending and that lack of government spending hurts that economy. They bear responsibility for that.
You don't get change goverment policies that may effect the economy and stand back and say "It's not my fault" when things go wrong.
The 500+ point drop was courtesy of me to Obama.... it was his birthday present! Happy Birthday Obama! 2011 stock gains..... GONE!
You post's shows a common theme found among many conservatives. They are pefectly willing to hurt the American economy and the long range aspirations of the American people just so they can politically defeat Barack Obama.
Cheney cut him off. "You know, Paul, Reagan proved deficits don't matter. Google
Cheney: the ultimate lefty. He's so left when he travels he wants all his TV's tuned to FOX news when he turns on the TV. You think that's a joke, don't you.
You post's shows a common theme found among many conservatives. They are pefectly willing to hurt the American economy and the long range aspirations of the American people just so they can politically defeat Barack Obama.
Country first!
Yea Right!
Yeah I'm sure all conservatives want their 401K's and investments to go in the tank. That's ridiculous.
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