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Old 09-15-2012, 01:18 AM   #2961
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Originally Posted by Braineack View Post
don't politicize lollipops.
I heard Mayor Bloomberg was going to outlaw them. Too pointy on one end and too much sugar on the other.
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Old 09-15-2012, 09:52 AM   #2962
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My wife says I only say sorry after I'm caught/in trouble.

There's only rioting in 21 countries now against us...so it's a good thing an extremist group of muslims don't want to kill us.
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Old 09-16-2012, 08:28 AM   #2963
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Originally Posted by mgeoffriau View Post
I'd put more weight into Gary Johnson's so called budget sanity stuff if his own campaign wasn't in massive debt.
Or if New Mexico wasn't continually one of the largest recipients of Federal internal transfers that would potentially have been crushed economically if there was some sort of enforced Federal balanced budget amendment.

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This means that although your 401K went up yesterday with the FED action, you'll soon be paying $20 for a lollipop.
I don't know what kind of lollipops you buy, but anything a kid would receive in a Halloween bag is not going to price inflation even remotely similar to that.

I don't necessarily agree with the monetary policy but the Fed is trying every trick in their tool kit because Congress will not act fiscally in any way the Fed believes would be helpful for economic growth.

For the most part, QE is a monetary non-event, swapping savings account balances with checking account balances. The people that want to buy or refinance a home can do so just as easily at 3.9% as they could 3.5%. Some of that refinancing will leave consumers more cashflow which is a positive.

The downside is the portfolio rebalancing effect (from the perspective of the layperson).
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Old 09-17-2012, 01:06 AM   #2964
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Originally Posted by Scrappy Jack View Post
I don't know what kind of lollipops you buy, but anything a kid would receive in a Halloween bag is not going to price inflation even remotely similar to that.

What kind of lollipops? Ask Zimbabwe and their billion dollar bread.

Jack, I don't trust government and I don't trust the FED. I'd like to be in a position to not have to rely on them.
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Old 09-17-2012, 01:32 AM   #2965
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Default This is why I don't trust the government

Do you feel like you've got liberty, or tyranny? Does that feeling change depending on who is in the White House?


The State Department doesn't have to answer your questions either | The Daily Caller
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Old 09-17-2012, 05:33 AM   #2966
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Was going to post this in the Mars thread but didnt want to start anything but I thought it was funny.

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Old 09-17-2012, 03:30 PM   #2967
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live by the political sword, die by the political sword:

Quote:
CHICAGO (MarketWatch) -- The Treasury Department is resisting General Motors' push for the government to sell off its stake in the auto maker, The Wall Street Journal reports. Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company's reputation and its ability to attract top talent due to pay restrictions. Earlier this year, GM GM-1.39% presented a plan to repurchase 200 million of the 500 million shares the U.S. holds with the balance being sold via a public offering. But officials at the Treasury Department were not interested as selling now would lead to a multibillion dollar loss for the government, the newspaper noted.
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Old 09-18-2012, 02:04 AM   #2968
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Default Uh oh...

You think GM can die by the sword, how about America?

Shultz, Boskin, Cogan, Meltzer and Taylor: The Magnitude of the Mess We're In - WSJ.com
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Old 09-18-2012, 07:41 AM   #2969
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Old 09-18-2012, 10:20 AM   #2970
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Old 09-18-2012, 10:55 AM   #2971
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Old 09-18-2012, 11:11 AM   #2972
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lol

US taxpayers paid more to Israeli defense budget than Israelis | Veterans News Now

We pay the Israelis so they can build a big army on our dime, then we pay Egypt and Jordan so they can forget about the fact that we just gave Israel a bunch of money.

Makes sense.
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Old 09-18-2012, 11:16 AM   #2973
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we give lots of countries lots of money.
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Old 09-18-2012, 11:25 AM   #2974
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But how many are there where we give them more than their own citizens do?

And how many of them are among the richest countries in the world?
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Old 09-18-2012, 11:27 AM   #2975
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United States foreign aid - Wikipedia, the free encyclopedia

we give a lot to countries ending in "IA" and "STAN"
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Old 09-18-2012, 02:43 PM   #2976
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Default he's got the record!

Impressive.
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Old 09-18-2012, 02:48 PM   #2977
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Anyone surprised? Anyone pissed?


Justice Dept. regularly enlists Media Matters to spin press | The Daily Caller
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Old 09-18-2012, 03:08 PM   #2978
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surprised, no. pissed, no.

because it doesnt hold a candle to their racist policies and selective justice in the name of CRT.
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Old 09-18-2012, 03:09 PM   #2979
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and while we are on combined stats:

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Old 09-18-2012, 03:13 PM   #2980
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and on presidents actions (or lack there of) on unemployment, by one of my favs.

Quote:
Where's President Harding when you need him?
Thomas Sowell on how '20s leader saw economy rebound – by doing nothing

Former president Bill Clinton told the Democratic National Convention that Barack Obama has a plan to rescue the economy, and only the fact that the Republicans stood in his way has stopped him from getting the economy out of the doldrums.

From all this, and much else that is said in the media and on the campaign trail, you might think that the economy requires government intervention to revive and create jobs. It is Beltway dogma that the government has to “do something.”

History tells a different story. For the first 150 years of this country’s existence, the federal government felt no great need to “do something” when the economy turned down. Over that long span of time, the economic downturns were neither as deep nor as long lasting as they have been since the federal government decided that it had to “do something” in the wake of the stock market crash of 1929, which set a new precedent.

One of the last of the “do nothing” presidents was Warren G. Harding. In 1921, under President Harding, unemployment hit 11.7 percent – higher than it has been under President Obama. Harding did nothing to get the economy stimulated.

Far from spending more money to try to “jump start” the economy, President Harding actually reduced government spending, as the tax revenues declined during the economic downturn.

This was not a matter of absent-mindedly neglecting the economy. Harding deliberately rejected the urging of his own secretary of commerce, Herbert Hoover, to intervene.

The 11.7 percent unemployment rate in 1921 fell to 6.7 percent in 1922, and then to 2.4 percent in 1923. It is hard to think of any government intervention in the economy that produced such a sharp and swift reduction in unemployment as was produced by just staying out of the way and letting the economy rebound on its own.

Bill Clinton loudly proclaimed to the delegates to the Democratic National Convention that no president could have gotten us out of the recession in just one term.

But history shows that the economy rebounded out of a worse unemployment situation in just two years under Harding, who simply let the market revive on its own, as it had done before, time and time again for more than a century.

Something similar happened under Ronald Reagan. Unemployment peaked at 9.7 percent early in the Reagan administration. Like Harding and earlier presidents, Reagan did nothing, despite outraged outcries in the media.

The economy once again revived on its own. Three years later, unemployment was down to 7.2 percent – and it kept on falling, as the country experienced 20 years of economic growth with low inflation and low unemployment.

The Obama party line is that all the bad things are due to what he inherited from Bush, and the few signs of recovery are due to Obama’s policies beginning to pay off. But, if the economy has been rebounding on its own for more than 150 years, the question is why it has been so slow to recover under the Obama administration.

The endless proliferation of anti-business interventions by government, and the sight of more of the same coming over the horizon from Barack Obama’s appointees in the federal bureaucracies, creates the one thing that has long stifled economic activity in countries around the world – uncertainty about what the rules of the game are, and the unpredictability of how specifically those rules will continue to change in a hostile political environment.

Both history and contemporary data show that countries prosper more when there are stable and dependable rules, under which people can make investments without having to fear unpredictable new government interventions before these investments can pay off.

A great myth has grown up that President Franklin D. Roosevelt saved the American economy with his interventions during the Great Depression of the 1930s. But a 2004 economic study concluded that government interventions had prolonged the Great Depression by several years. Obama is repeating policies that failed under FDR.

Despite demands that Mitt Romney spell out his plan for reviving the economy, we can only hope that he plans to stop the government from intervening in the economy and gumming up the works, so that the economy can recover on its own.
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