If you think the economy stinks now, just wait a few years. We're screwed.

Leave now, before things get worse. We'll miss your constant whining and lack of any new ideas... but in about .0000000004 seconds we'll get over it.

Gee, I wonder why they would do such a thing?

So let me get this straight. The GOP broke the vase on purpose, and are now biatching about the amount of glue used to try and fix it?

John Paul Jones: So let me get this straight. The GOP broke the vase on purpose, and are now biatching about the amount of glue used to try and fix it?

They actually have a point in a way though. They realize that eventually they will get back in power and screw things up as much as they did before... so really, why bother fixing the vase if it's just going to be smashed again ?

The interest on the national debt rises to $850 billion a year by the middle of the next decade, which will be the largest single expenditure item in the budget--eight times more than we now spend on education and four times more than we spend on homeland security.

SICK

Mordant: Leave now, before things get worse. We'll miss your constant whining and lack of any new ideas... but in about .0000000004 seconds we'll get over it.

Dude, remove Obama's dick from your mouth and take a deep breath.

John Paul Jones: So let me get this straight. The GOP broke the vase on purpose, and are now biatching about the amount of glue used to try and fix it?

"but... but... the GOP!"

Yes, the Republicans played a large role in getting us in this mess. That does not excuse anything stupid that the Democrats may do in order to try to rectify the situation. There are no political "good samaritan" rules that will let them off the hook.

I pray that I (and the writer of this article) are wrong and that Obama's plan works, because we are totally screwed if it doesn't.

KaponoFor3: Yes, the Republicans played a large role in getting us in this mess. That does not excuse anything stupid that the Democrats may do in order to try to rectify the situation. There are no political "good samaritan" rules that will let them off the hook.

I pray that I (and the writer of this article) are wrong and that Obama's plan works, because we are totally screwed if it doesn't.



Needs to be repeated. Repeatedly.

So Republicans are now the dark Emo biatches in the school cafeteria who can't find joy in anything?
Not even the chocolate pudding?

I wish we had a roadmap to recovery, then we'd know that slamming on the brakes 500 feet off the ground after being told not to drive off a 1000 foot cliff is the only answer.

Yep, were weren't screwed 3 months ago, but we sure are now.

KaponoFor3: John Paul Jones: So let me get this straight. The GOP broke the vase on purpose, and are now biatching about the amount of glue used to try and fix it?

"but... but... the GOP!"

Yes, the Republicans played a large role in getting us in this mess. That does not excuse anything stupid that the Democrats may do in order to try to rectify the situation. There are no political "good samaritan" rules that will let them off the hook.

I pray that I (and the writer of this article) are wrong and that Obama's plan works, because we are totally screwed if it doesn't.

Great comment.

by this time in his administration, raygun had slept more than obama will in the next 7+ years of his administration.

Cewley 2009-03-29 02:10:03 PM
by this time in his administration, raygun had slept more than obama will in the next 7+ years of his administration.

Cute, but untrue. Keep looking back over your shoulder and you'll miss the block wall you are running toward. Oh, I forgot, we're talking about "Obama" .

"Reagan proved deficits don't matter" -Dick Cheney

KaponoFor3: I pray that I (and the writer of this article) are wrong and that Obama's plan works, because we are totally screwed if it doesn't.

We'll know if it works if in four years the Republicans are claiming that Obama "didn't help the economy, he extended the recession longer than it would have been."

/talking points from the future

bearsfolks:
Cute, but untrue.

Sorry, but old Ronnie was the nod-off king. Also, his administration never once brought in a balanced budget.

Shall we discuss his pre-Alzheimer's next? How he wasn't really there the last year of his administration?

Remember the rules, folks:

Spending hundreds of billions in a Middle Eastern pit from which we'll get no return besides corpses and hatred = Awesome! Rah-rah-rah! Wave the flag!

Spending hundreds of billions on improving this country = SOCIALISM! Better dead than red! I'm moving to Costa Rica!

Considering Reagan increased the debt 31% of GDP, Obama has a long way to go to even match him in debt spending. Using unadjusted numbers is a typical means of obfuscation by the hacks at the WS.

Ahhh, the spin...

Funny how all these talking points are straight from the pundits' mouth:



The only redeeming quality of whiny "I'm proud to be a dumbass peasant" passive-aggressive red-staters is that they'd rather drink and whine than do something positive. Keep up the good fight, you ignorant sheep. Worship your idol, and remember to never question what makes ya feel good, and to fear anything different.

John Paul Jones: So let me get this straight. The GOP broke the vase on purpose, and are now biatching about the amount of glue used to try and fix it?

No, politicians broke the vase. They just go back and forth blaming each other like two bickering children.

Monetary policy in the 90s had money too cheap, leading to the .com bubble. Around 2000 the fed tightened monetary policy a bit and that came crashing down. The bubble pops around the time when Bush gets into office. (Massivly condensed version of course.)

Since people are idiots and think the president wakes up in the morning and tells the economy what to do, Bush wanted to make it look like he was "fixing" thing. What did we get? Loose monetary policy, money being too cheap, massive government spending, and government backed institutions like Fannie Mae and Freddie Mac buying up a large portion of these bad loans. People "knew" the government wouldn't let Fannie Mae and Freddie Mac go bankrupt so it didn't matter how sh*tty their balance sheets looked. Unfortunately they were right. Creating another bubble.

Greenspan and others who should have known better gleefully go along with this whole short term ponzi scheme. They solved the bubble with an even bigger bubble.

What do we have now? Since people are idiots and think the president wakes up in the morning and tells the economy what to do, Obama wanted to make it look like he was "fixing" thing. What did we get? Loose monetary policy, money being too cheap, massive government spending.

It's one big game of political hot-potato. Fix it long enough so the next guy inherits it. It worked for Clinton, it worked mostly for Bush, probably not going to be enough steam in this scam for Obama to pull it off. At least Clinton, with a mostly GOP Congress, was able to come close to a balanced budget.

Wall street and main street were drunk, but who provided the alcohol? The Federal Reserve and the Federal Government. "D" and "R" is irrelevant.

the editors of the weekly standard are afraid of everything, everywhere on planet earth. this isn't so much a headline as it is a fear line item.

ScubaDude1960: If you think the economy stinks now, just wait a few years. We're screwed.

Only if everyone turns into a crybaby biatch.

Abagadro: Considering Reagan increased the debt 31% of GDP

shhhh don't confuse people with facts. Like the fact that given the budget is now way bigger than it was during Reagan's time and the effects of inflation, you have to do some math before comparing numbers.

Crosshair: that came crashing down

uh no, the dot com bubble ended because the dot coms weren't making any money. A great money had no plan on making any money, pretty well ever.

KaponoFor3: because we are totally screwed if it doesn't.

If people decide we're not screwed no matter what, we'll be fine. Sadly some of the people that need to decide that are refusing to do anything but demand to be babied, people like various banks and such.

KaponoFor3: I pray that I (and the writer of this article) are wrong and that Obama's plan works, because we are totally screwed if it doesn't.

And will you admit your economic philosophy is wrong if it works?

Okay, so let me ask: are these debt numbers assuming that the economy isn't stimulated in the least by this spending, or does it take into account the hypothesized increase in productivity and GDP?

/honest question

so I wonder
has anyone estimated what the debt spending would have been if mccaine had won?

you wondering
would it have been more, less, or about the same?

/I would bet my LIFE, that it would have been about the same

namatad: so I wonder
has anyone estimated what the debt spending would have been if mccaine had won?

you wondering
would it have been more, less, or about the same?

/I would bet my LIFE, that it would have been about the same

How much is your life worth? Maybe we can use it to fix the economy...

T. Dawg: are these debt numbers assuming that the economy isn't stimulated in the least by this spending

Depends on who is offering them up and just what they're including. If it's official government numbers, then they do take it into account.

In before Galt's Gulch.

DamnYankees: And will you admit your economic philosophy is wrong if it works?

Not sure about him, but the standard Conservative reaction is fairly predictable.

If The Economy recovers:

It will be because The Free Market will have thrived in spite of Obama, not because it *worked*.

If fact, the economy would have had an even quicker and better recovery if not for Obama.

If The Economy does not recover:

It will be because of Obama's failed policies, with help from his Liberal Friends Pelosi and Reid.

They already know Obama's policies don't work, no matter what they are. There's really no need to evaluate their effect any further.

Mordant: Leave now, before things get worse. We'll miss your constant whining and lack of any new ideas... but in about .0000000004 seconds we'll get over it.

No need to miss anything, they'll move somewhere that has internet access.

PoopStain: Democrats, however, will not be able to live

Yeah because there are no Democrats who are just as set up as you are.

WhyteRaven74: uh no, the dot com bubble ended because the dot coms weren't making any money. A great money had no plan on making any money, pretty well ever.

Uh, No. the .coms should have never gotten capital in the first place because a great many had no plan on making any money, pretty well ever. Under sane policy people should have ran away from these companies like they were a lit M-80. Borrowing money was cheap so people could easily leverage themselves farther than they could or would under tighter monetary policy. There was plenty of capital, but nowhere to invest it. This led to bidding wars and rampant speculation under simply the POSSIBILITY that these companies MIGHT make money. Once the ponzi scheme had run its course, it came crashing down.

Much like how a great number of people should have never gotten loans to buy houses in the first place. Borrowing money was cheap so people could easily leverage themselves farther than they could or would under tighter monetary policy. There was plenty of capital, but nowhere to invest it. This led to bidding wars and rampant speculation and once the ponzi scheme had run its course, it came crashing down.

Now Obama is in and wants to get things moving and wants borrowing money to be cheap so people could easily leverage themselves farther than they could or would under tighter monetary policy..........

What is the lessons in this? When you fuel a gasoline engine on gasoline (reasonable monetary policy), it works well and chugs along at a steady pace. When you fuel that same gasoline engine on nitromethane(loose monetary policy) and run it flat out, it's power output jumps significantly. Unfortunately running it like this results in rapid wear and tear, eventual breakdown (crash), resulting in the need for an overhaul (recession).

Supply and demand. If money is easy to borrow, that increases the demand for investments to invest in through leveraging.

Blaming capitalism for this mess is like blaming the engine of your car for when you put the wrong fuel in it and it stops working and/or blows up.

Okay, so let me ask: are these debt numbers assuming that the economy isn't stimulated in the least by this spending, or does it take into account the hypothesized increase in productivity and GDP?

/honest question


That IS factored in. It is just that Obama has productivity FAR higher than the CBO. IOW, do NOT look at the CBO's numbers.

Crosshair: ran

Quick point- if you're going to mock someone's poorly worded/typo ridden post, try to hold out until after the third sentence before you mess up.

/carry on

Crosshair: the .coms should have never gotten capital in the first place because a great many had no plan on making any money,

This is true, but they money they got was venture capital, a lot of which came from people wanting to make a buck and deciding they'd get better returns on venture capital than from the markets.

PoopStain: I will be able to live when the true crisis hits. I can go off the grid. Democrats, however, will not be able to live.

Democrats don't own farmland? Democrats don't use solar or other off-grid sources of energy? Democrats all live in apartments?

Dude. You're already "off the grid", so to speak.

tallguywithglasseson

We know Obamas policies won't work because they are, for the mot part, the same policies Bush tried, except Obama is throwing more money at it. That and a large part of these bills has been written by congress and all Obama has done has put his name on the paper. So I'm not a twit that thinks Obama is doing all this stuff by himself. My reps in congress have already gotten several angry letters and phone calls from me. (Yes my reps are Democrats, no I didn't vote for them.)

The thing I am keeping an eye on is how inflation is going to pan out. The Fed is going to have to drastically raise interest rates once the deflationary trends stop if it is to stave off inflation from the massive influx of dollars created out of thin air. Of course then our interest payments on the national debt skyrocket as well.

I'm more worried about inflation than the overall economy. Though if inflation takes off it will make for interesting economic times.

In all honesty there is really nothing that Obama can do. Our economy has been a bubble for more than a decade, we don't produce much anymore, we just buy stuff from overseas and give the Chinese our "Flying Money". We are reaping the last 30+ years of government Fiscal and Monetary policy, it is not going to look good.

Bek: Quick point- if you're going to mock someone's poorly worded/typo ridden post, try to hold out until after the third sentence before you mess up.

??? I wasn't mocking their spelling/grammar. Where was I doing that? I was debating the subject at hand, not their spelling/grammer.

Crosshair: ??? I wasn't mocking their spelling/grammar. Where was I doing that? I was debating the subject at hand, not their spelling/grammer.

Fair enough, I interpreted the post the wrong way. That's the problem with the internet, meaning gets lost so easily with just text.

In my defense, you are a wee bit crazy, dude.

PoopStain: WhyteRaven74: Yeah because there are no Democrats who are just as set up as you are.

I'm sure there are some, but not most of them. Most Republicans probably aren't, either. Apartment/Condo dwellers and suburbanites will be equally farked. Most people aren't prepared for the end of society.

But I am.

/George Soros isn't going to give you anything when it all falls down.
//Neither will I.

I have to agree with everything you've said, you really don't belong in any kind of society.

Ha! Shows what you know. I've a guaranteed contract with Soros through 2013, with an option for 2014.

All I have to do is occasional disparage Fox News and make fun of Bill Kristol. Doesn't get much easier, unless it's running an Adult store in Utah. (Sure they'll deny it, but they all shop there, I mean, just think of mother's day alone...)

PoopStain: There are a precious few that have off-grid power sources. Once it all goes to shiat, we will take those because Democrats don't own guns. We know where they are, and we know how to take them.

The positive solution is that they will join the cause because they need food. We've worked out the food plan, so there is some incentive to join.

When it all goes to hell, I'll still be an asshole. But I'll be a living asshole with a plan. You'll be a dead asshole.

You're Rorschach, aren't you?



When shiat has hit the fan in the past, more people moved to cities than away. Everyone that lived in the cities didn't die.

Anyway, when the Apocalypse you're fantasizing about comes, good luck to you... or, rather, I hope you die too? I don't know what I'm supposed to say here, I'm not that well versed in Survivormanese.

Mordant: I have to agree with everything you've said, you really don't belong in any kind of society.

You didn't really think that a person with a FARK handle of Poopstain would actually be a mature human being, did you?

PoopStain: Mordant: I have to agree with everything you've said, you really don't belong in any kind of society.

OH, YOU SLAY ME! OH GRAND WIT! OH HUMOR! OH SARCASM!

You have humbled me, good sir! I am not worthy to lick your boots, but I'm sure if I did you would serve a cunning remark to put me in my place.

I bow to your intellect, as I am not worthy.

/idiot.

Seriously, you're wishing death on a large number of Americans.

I hope you all die.

I'm not doing anything more than agreeing with you that you are better off as a survivalist and not involved with a society of human beings.

ScubaDude1960: If you think the economy stinks now, just wait a few years. We're screwed.

Exactly. It's just like Hannity and Rush keep saying. The Democrats are deliberately trying to tank the economy so they can gain more seats in 2010, and so Obama can win re-election in 2012. Then the real totalitarian agenda will unfold.

tallguywithglasseson: You're Rorschach, aren't you?

No just a f*cking troll. Stop taking it seriously.

B-b-but Reagan proved deficits don't matter^TM when you're using them to fight a cold war. Perhaps Obama should call his spending plans the "War on Toxic Assets" if he wants to get Republicans on board. They love throwing tons of money at invisible enemies.

I love the concern the right had when Reagan, Bush 41 and 43 were shiatting all over the debt. Oh, wait. But on the flip side, at least they were right about Clinton wrecking the economy.

Shaggy_C: B-b-but Reagan proved deficits don't matterTM when you're using them to fight a cold war. Perhaps Obama should call his spending plans the "War on Toxic Assets" if he wants to get Republicans on board.

You're right...but only if he attacks a Latin American country. Venezuela's looking pretty ripe these days. Low-hanging fruit.