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I remember when we were losing 700 000 jobs per month, and then 400K, then 200K and then 100K a month, some people pretended that it was really bad news because we were still losing jobs. We were going in the right direction, and yet people complained, and that is exactly what you are doing now. Cutting deficits by 32% is good news, and I hope we keep going in that direction, until we break through zero. Wouldn't you agree?
Did you think the job losses would continue forever?
Do you think when the Sun sets it's gone for good?
Do you believe when the snow falls it will never be summer again?
The jobs are supposed to come back following a recession.
The only thing that is remarkable about this so-called recovery is how bad it sucks.
Thank the Tea Party "terrorists" for resisting even more out of control spending by all the usual suspects.
"Vice President Joe Biden joined House Democrats in lashing tea party Republicans Monday, accusing them of having “acted like terrorists” in the fight over raising the nation’s debt limit, according to several sources in the room."
The economy is not rebounding. The Federal Reserve has injected $85 billion/month for quite a while now. from 2012 Q4 to 2013 Q1 the "current" dollar GDP grew by $120 billion. That's outstanding, right? At the same time the Fed inject $255 billion. That's still outstanding, right?
No, that's an economy that's still shrinking and is only limping along because of the Fed's actions. Had the Fed not been injecting $255 billion over that same time period we would be seeing a decreasing GDP... i.e. recession.
In fact no quarter since the Fed started injecting money has the GDP increased in current dollars more than the $255 billion they've been using to give the impression the economy is turning around.
When the economy grows own its own the economy will be rebounding. Till then it's all smoke and mirrors to make people think it's rebounding.
The Fed is adding almost a $1 trillion a year to the economy and ou're still not seeing inflation. That should be your key indicator that the economy is not "rebounding."
This is yet more total nonsense from you folks that will no more prove to be right than your expectation that the end of QE will erase all the gains of the stock market (when in reality it was gold that was being propped up (unintentionally) by QE) or that the "shadow inventory" in the housing market would keep home prices depressed for a decade or more.
The fact is, only a very small fraction of the monthly injections actually make it out to the economy to boost GDP directly - that is not (nor ever was) its' purpose. The purpose of those monthly injections is simply to keep down interest rates and as such the vast majority of the money simply sits in the banks (who have simply traded one asset for another). The fact that we are not seeing inflation is proof of that - after all IF almost $1 trillion a year were being simply "pumped into the economy" the way you claim it is, do you REALLY think we wouldn't be seeing inflation?
Clearly you folks' understanding of what QE actually is, is massively flawed.
"smack:
You make the claim that the economy is "not rebounding" - and yet by practically every indicator your argument is shot down - UE rate, exports, GDP growth, non-farm payrolls, etc, etc, etc. Admittedly the growth is not "gangbusters", but it's still growth - with the UE rate falling at the same general rate of descent as after the last recession.
Now it will take almost twice as long for the currency to collapse.
Balanced Budget Amendment still DOA?
Still clinging to that stooooooopid idea that the US dollar will collapse I see.
Didn't the losses in gold over the last 3 years teach you ANYTHING?
Apparently not.
The fact is, only a very small fraction of the monthly injections actually make it out to the economy to boost GDP directly - that is not (nor ever was) its' purpose. The purpose of those monthly injections is simply to keep down interest rates and as such the vast majority of the money simply sits in the banks
More Bot propaganda.
The Fed is buying treasuries with the printed money. Without that, Obama would have to live within interest rate constraints imposed by the treasury market like all other Presidents have.
Instead, he's spreading bling to leeches far and wide, all the while destroying the currency and creating a new set of addicts to government spending.
The Fed is buying treasuries with the printed money. Without that, Obama would have to live within interest rate constraints imposed by the treasury market like all other Presidents have.
Instead, he's spreading bling to leeches far and wide, all the while destroying the currency and creating a new set of addicts to government spending.
Interest rates are ALWAYS manipulated - how do you think inflation was tamed under Reagan?
And, no - the dollar is not being "destroyed" - that's just more BS from the gold mongers looking to separate fools from their money (just like they did back in the late 70's & early 80's). Apparently the gold collapse of the last 3 years hasn't taught you anything either.
You can lead a wingnut to knowledge, but you can't make him think.
Location: By the sea, by the sea, by the beautiful sea
68,349 posts, read 54,484,569 times
Reputation: 40791
Quote:
Originally Posted by pghquest
I suppose we should cheer that we'll finally have deficits under $1T, or we could once again take the stupid liberal ideology and whine because lower deficits will crash the economy..
More likely you'll take the stupid Neo-Confused ideology that "deficits don't matter"
So tell me Lord Bot, why am I paying any taxes to the federal government at all if printing money is the answer? Hmmmmmm?
You Bots are just wind up dolls with BS rationalizations. Money printing on this scale would never be done for any other president. And when it stops, the newly minted government spending addicts will riot in the streets.
So tell me Lord Bot, why am I paying any taxes to the federal government at all if printing money is the answer? Hmmmmmm?
You Bots are just wind up dolls with BS rationalizations. Money printing on this scale would never be done for any other president. And when it stops, the newly minted government spending addicts will riot in the streets.
QE is NOT "printing money" - that's just more ignorant nonsense.
"...So we can see that while the central bank's balance sheet does expand, the only impact in the private sector is to change the composition of the banks' balance sheets, exchanging bonds for reserves. The total assets of the private sector don't change. Hence no money is being created any more than, say, if someone sold their stocks and put the money into bonds...."
lol. Poor Lord Bot thinks he can rationalize printing money to buy treasuries by denying it now.
Without that money, treasuries would be sold on the open market and interest rates would be in the double digits.
And it IS getting into the economy via deficit spending.
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