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(Investors Business Daily)   Memo to Obama: Actually, it's government that's doing fine   (news.investors.com) divider line 166
    More: Interesting, President Obama, Bureau of Economic Analysis, austerities, state governments, local governments  
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2498 clicks; posted to Politics » on 12 Jun 2012 at 12:36 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-06-12 10:09:38 AM  
img855.imageshack.us
 
2012-06-12 10:13:55 AM  
I can't think of any publication more willing to take private industry to task for dishonesty than Investors Business Daily.
 
2012-06-12 10:19:36 AM  
dailydish.typepad.com

Hm.
 
2012-06-12 10:23:43 AM  
And Stephen Hawking would be dead by now if he was a citizen of the UK.
 
2012-06-12 11:31:46 AM  
This wasn't authored by Andrew Malcolm? They're really mixing it up over at Investor's.
 
2012-06-12 11:35:04 AM  
If you still have your job as a government employee, you're doing fine, maybe.
 
2012-06-12 12:37:32 PM  
I'm getting tired of seeing poor Math so brutally sodomized over and over.
 
2012-06-12 12:38:44 PM  
What percentage of their readers directly benefited from the bailout again?
 
2012-06-12 12:38:45 PM  
That must be who there is so little money being privately donated to both campaigns.


OH WAIT....
 
2012-06-12 12:39:14 PM  
Excuse me if I don't believe Investors.com.
 
2012-06-12 12:44:10 PM  
How exactly can pundits rail against the assertion "private industry is doing fine" as a gaffe when private industry is making record profits? Shouldn't the entire conversation come to a screeching halt with that fact alone? Sure, unemployment is a problem for the economy, but it's not a problem for private industry. Because again, and I cannot stress this enough: they are making record profits.
 
2012-06-12 12:45:48 PM  

EyeballKid: That must be who why there is so little money being privately donated to both campaigns.


OH WAIT....


ftfm
goddamitsomuch
 
2012-06-12 12:45:51 PM  
IBD. For when you need your racism and insanity masked as business reports. Where you go when you pledge not to make any more than $250k a year if you have to pay an extra 3 % of the excess in taxes.
 
2012-06-12 12:47:44 PM  

Lost Thought 00: What percentage of their readers directly benefited from the bailout again?


0%. IBD is for muppets.
 
2012-06-12 12:48:33 PM  
Well, better give more tax-cuts to corporations so they can hire more minimum-wage workers and take all their assets to tax havens outside of the United States. Yeah! Job creators!

Make sure the banking systems that make it all happen can't fail.

Eliminating regulations and regulation agencies will help keep government off the backs of all the poor, burdened, billionaires so the wealth they earned through the sweat of their employees brows can finally start to trickle down and then we'll all be rich!
 
2012-06-12 12:49:04 PM  
Damnation, but the modmin trolls are out in force today
 
2012-06-12 12:53:22 PM  
Obama's complaint that it's the government that's hurting these days.

Obama sounds like a Community Activist wanting a bigger budget.
 
2012-06-12 12:54:21 PM  
Memo to IBD: Removing the Stephen Hawking thing from your site did not remove it from reality.
 
2012-06-12 01:00:19 PM  
They know govermnet is doing fine because they are paying a lot of money to various governnent campaigns and lobbyists.
 
2012-06-12 01:02:38 PM  

smitty04: Obama's complaint that it's the government that's hurting these days.

Obama sounds like a Community Activist wanting a bigger budget.


When in reality, under Obama, government spending has grown the least amount in 50 years.
 
2012-06-12 01:03:49 PM  

Mentat: [img855.imageshack.us image 555x394]


I'll see you your x-axis-definition-less graph and raise you one with actual, you know, data points:

www.nationalreview.com
 
2012-06-12 01:03:53 PM  

thurstonxhowell: Memo to IBD: Removing the Stephen Hawking thing from your site did not remove it from reality.


You don't quite understand how the conservative brain works.
 
2012-06-12 01:09:14 PM  

Garet Garrett: Mentat: [img855.imageshack.us image 555x394]

I'll see you your x-axis-definition-less graph and raise you one with actual, you know, data points:

[www.nationalreview.com image 630x378]


Which... shows exactly the same thing.
 
2012-06-12 01:09:39 PM  
FTFA:

State spending: Despite the deep recession and the slow recovery, annual state spending overall hasn't dropped once. In fact, by fiscal 2011, total outlays at the state level were 14% higher than they were in 2008, according to the National Association of State Budget Officers. (See nearby chart.)

State general-fund spending: Meanwhile, states' spending from their general funds - which is more than a third of total state spending - climbed in 2011 and 2012, and is expected to rise again in 2013. While still not back to 2008 levels, general-fund spending in 2012 will be slightly higher than 2007, NASBO reports.


So, state spending has increased every year, but general fund spending has declined? What does it mean? Oh, it means that the state is having to shell out more and more for benefits to its constituents, and is having to slash its own costs in order to divert more money to helping out people in trouble. If more money is being spent, but you have to cut back on the general fund spending, that means that the money being spent isn't part of the general fund. And the money that isn't part of the general fund is usually stuff like Medicaid, unemployment insurance, and other welfare programs.

And the study they link to back up their points refutes the point they're trying to make. From the NASBO link: "While the overall fiscal situation of states has improved from the depths of the recent recession, [our 2011 report] underscores the constrained fiscal situation facing states [for FY2012]." So no, states aren't doing fine - they're doing better, and they're not all the way back yet.
 
2012-06-12 01:12:25 PM  
Really, when all of objective reality shows that the state and local governments are shrinking and that federal government growth has slowed to a point not seen in 40 years, with programs being cut and this half assed psuedo-austerity imposed by a do nothing Congress hurting our recovery?

Really, we're going to say "The government is doing fine"?

www.idealaunch.com
 
2012-06-12 01:20:49 PM  

A Dark Evil Omen: Garet Garrett: Mentat: [img855.imageshack.us image 555x394]

I'll see you your x-axis-definition-less graph and raise you one with actual, you know, data points:

[www.nationalreview.com image 630x378]

Which... shows exactly the same thing.


Well, no, only if you're myopic. First, it gives you a sense of time. And second, it gives you a sense that the real problems in our economic "recovery" lie in the private sector which is still, thank god, a little bigger than the public sector. Sure there has been a slight dropoff in government employment (though interestingly, this is 100% at the state and local level - the feds are still side-by-each at the public trough) (and, while we're doing parentheticals, I'd note that it's simply a matter of faith that these reductions are a bad thing), but it's a picnic compared to what the private sector has endured. And, given its relative size, that's where our problems lie.
 
2012-06-12 01:24:42 PM  

sabreWulf07: How exactly can pundits rail against the assertion "private industry is doing fine" as a gaffe when private industry is making record profits? Shouldn't the entire conversation come to a screeching halt with that fact alone? Sure, unemployment is a problem for the economy, but it's not a problem for private industry. Because again, and I cannot stress this enough: they are making record profits.


Exactly, but to acknowledge that leads to the next question:if companies are making record profits, and still not hiring, then how the hell are we supposed to affect an employment recovery without some more government intervention? Because if the companies making record profits are not going to hire, then who the hell will?
 
2012-06-12 01:25:09 PM  

Garet Garrett: I'd note that it's simply a matter of faith that these reductions are a bad thing)


Europe would like a word with you on how austerity is working. Specifically Spain and Ireland.
 
2012-06-12 01:25:13 PM  

X-boxershorts: Damnation, but the modmin trolls are out in force today


Surprised one of them didn't delete your comment as "personal attacks/namecalling."

TROLL.COM
 
2012-06-12 01:26:07 PM  
Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?
 
2012-06-12 01:28:08 PM  

Garet Garrett: A Dark Evil Omen: Garet Garrett: Mentat: [img855.imageshack.us image 555x394]

I'll see you your x-axis-definition-less graph and raise you one with actual, you know, data points:

[www.nationalreview.com image 630x378]

Which... shows exactly the same thing.

Well, no, only if you're myopic. First, it gives you a sense of time. And second, it gives you a sense that the real problems in our economic "recovery" lie in the private sector which is still, thank god, a little bigger than the public sector. Sure there has been a slight dropoff in government employment (though interestingly, this is 100% at the state and local level - the feds are still side-by-each at the public trough) (and, while we're doing parentheticals, I'd note that it's simply a matter of faith that these reductions are a bad thing), but it's a picnic compared to what the private sector has endured. And, given its relative size, that's where our problems lie.


The private sector is struggling so much that CEO pay only went up 36% last year.
 
2012-06-12 01:28:18 PM  

k1j2b3: Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?


Account created: 2012-06-05 15:01:33
 
2012-06-12 01:28:50 PM  

cameroncrazy1984: Europe would like a word with you on how austerity is working. Specifically Spain and Ireland.


But, Estonia! Also, Krugman's a weenie. I learned it on Fark
 
2012-06-12 01:29:43 PM  

k1j2b3: Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?


Profits only do what you assert when they're re-invested in the business.

Right now, that isn't happening. And it is one of the problems we face.
 
2012-06-12 01:29:55 PM  
Kind of reminds me of an old TV show... Lost in Space

www.conservativedailynews.com

/Danger Will Robinson, Danger!
//or as Obama likes tosay (about the economy) Crush, Kill, Destroy!
 
2012-06-12 01:30:01 PM  

phyrkrakr: And the study they link to back up their points refutes the point they're trying to make. From the NASBO link: "While the overall fiscal situation of states has improved from the depths of the recent recession, [our 2011 report] underscores the constrained fiscal situation facing states [for FY2012]." So no, states aren't doing fine - they're doing better, and they're not all the way back yet.


They also (surprisingly) admit that local government employment is down (though they handwave and minimize it).

Unsurprisingly to anyone with any idea of "how shiat works", firing LaKisha at the DMV doesn't actually take care of most of the spending obligations that your city/county/state have.
 
2012-06-12 01:31:03 PM  

EyeballKid: k1j2b3: Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?

Account created: 2012-06-05 15:01:33


Goddammit so much.....
 
2012-06-12 01:31:04 PM  

k1j2b3: Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?


You created a brand new account to hurl straw? Kill yourself.
 
2012-06-12 01:31:28 PM  

k1j2b3: Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?


Please explain to me why worker wage and benefits are a bad thing? worker wage and benefits are what peoples use to purchase more of everything...which is good for the economy. You WANT workers to make higher wages and benfits. Oh, yeah, and the more wages a person makes, the higher the tax base!

I am not quite sure why the right thinks it is a good idea to demonize unions that actually do good things for the average American worker. They negotiate for wages and benefits people want. Why is corporate employment put up on a pedestal and praised by the right exactly?
 
2012-06-12 01:32:56 PM  
Yep - just cutting federal postal workers, teachers, police, public works laborers - DOING GREAT MAN.

Meawhile, record corporate profits.

//it's republican opposite day?
 
2012-06-12 01:35:29 PM  

Epoch_Zero: Yep - just cutting federal postal workers, teachers, police, public works laborers - DOING GREAT MAN.

Meawhile, record corporate profits.

//it's republican opposite day?


Isn't republican opposite day when they enact legislation to reduce government intrusion in a citizen's daily life and fiscal restraint?
 
MFL
2012-06-12 01:36:12 PM  
If the private sector was doing well we wouldn't be having this conversation.
 
2012-06-12 01:37:00 PM  

ChimpMitten: Epoch_Zero: Yep - just cutting federal postal workers, teachers, police, public works laborers - DOING GREAT MAN.

Meawhile, record corporate profits.

//it's republican opposite day?

Isn't republican opposite day when they enact legislation to reduce government intrusion in a citizen's daily life and fiscal restraint?


Touche.
 
2012-06-12 01:38:03 PM  

k1j2b3: Profits are what companies use to hire more workers,


Then why aren't they doing that, since many companies are sitting on record profits?
 
2012-06-12 01:38:59 PM  

MFL: If the private sector was doing well we wouldn't be having this conversation.


And I'm sure you believe it's the government's fault that the private sector isn't doing well.
 
2012-06-12 01:42:18 PM  
Please explain to me why worker wage and benefits are a bad thing?

Please show me where businesses making profits are denying their workers wages and benefits? If you are working for a large corporation they actually pay you to work and give you benefits. So are you saying that these companies need to pay workers more b/c they have profits? Hire more workers that they don't need?

Worker wage and benefits are what peoples use to purchase more of everything ...which is good for the economy. You WANT workers to make higher wages and benfits. Oh, yeah, and the more wages a person makes, the higher the tax base!

So, are you saying these workers are not getting paid enough? What proof do you have the employees who are part of these profitable businesses are making low wages and have crappy benefits?

I am not quite sure why the right thinks it is a good idea to demonize unions that actually do good things for the average American worker. They negotiate for wages and benefits people want. Why is corporate employment put up on a pedestal and praised by the right exactly?

Unions do good things for union bosses. Unions bankrupt companies and make businesses less competitive, ultimately losing union workers who lose their jobs. Take a look at Hostess. They are going through bankruptcy. And you know why? They have a union that represents most of their workers, and the union refuses to cut a darn thing to save the business. They would rather see the company go bankrupt than become solvent. How is that benefitting the union worker???

And another thing. Do some research on GM. Obama saved the pensions of Union employees over retired salaried workers. Is that fair? How does this show that unions are for the 'little guy' when they just stole 70% of the pension and retirement benefits from retired salaried workers to save their pensions? Do you like thinking about elderly retired secretaries who are now tossed to the curb by the unions who saved their own asses, but not their fellow workers? That is cold.
 
2012-06-12 01:42:29 PM  

k1j2b3: Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?




I'll sum it up for you. The Government will fight for the Almighty FAIRNESS in all aspects of life. FAIRNESS = JUSTICE to Leftists. It would be even BETTER to a Leftist if only the Government could hold and use weapons to enforce their ideals of FAIRNESS and JUSTICE.


Government is the religion that Leftists worship. If Government is good, then more Government is better.

That's how the mental disease that is Leftism operates.

You should read The Secret Knowledge: On the Dismantling of American Culture by David Mamet. He was a leftist for all of his life until 2008.
 
2012-06-12 01:44:23 PM  

k1j2b3: Please explain to me why profits are a bad thing? Profits are what companies use to hire more workers, expand their business, purchase more equipment...all of which is good for the economy. You WANT businesses to make profits. Oh, yeah, and the more profits a company makes, the higher the tax base!

I am not quite sure why the left thinks it is a good idea to demonize companies that actually do good things for the average American worker. They provide jobs, products and services people want. Why is government employment put up on a pedestal and praised by the left exactly?


Profits are pretty high right now. Where are those jobs?
 
2012-06-12 01:49:33 PM  

Crude: . FAIRNESS = JUSTICE to Leftists.


DRINK!

Crude: be even BETTER to a Leftist


DRINK!

Crude: the religion that Leftists


DRINK!

Crude: was a leftist


DRINK!

Crude: that is Leftism


ACHIEVEMENT UNLOCKED: HANNITY VOCABULARY
 
2012-06-12 01:49:58 PM  

cameroncrazy1984: k1j2b3: Profits are what companies use to hire more workers,

Then why aren't they doing that, since many companies are sitting on record profits?


I'm not hiring, simply out of spite. Too many applicant think that I owe them a job.
My profit margins have increased in addition to my profits, too.
I'll stop there, because your comments indicate that you nothing about profit margins.
 
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