The Current Events, News, and Politics Thread
06-09-2012, 01:08 PM
#2181
here is that indiana supreme court ruling i was talking about
this crap should be a thing of the past now
http://www.nwitimes.com/news/state-a...3900ba467.html
this crap should be a thing of the past now
http://www.nwitimes.com/news/state-a...3900ba467.html
Reply
0
0
06-09-2012, 03:34 PM
#2184
Boost Czar
Thread Starter
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,493
Total Cats: 4,080
Mr. Obama sought to clarify the remarks later in the day, saying "it is absolutely clear that the economy is not doing fine." He nonetheless again noted the rebound in private-sector job growth and corporate profits to contend that the private sector has "not been the biggest drag on the economy."
like I said he's a socialist and everyone knows it:
The private sector is doing fine. Where we’re seeing weaknesses in our economy, have to do with state and local government -- oftentimes, cuts initiated by governors or mayors who are not getting the kind of help that they have in the past from the federal government and who don’t have the same kind of flexibility as the federal government in dealing with fewer revenues coming in.
...If Republicans want to be helpful, if they really want to move forward, and put people back to work, what they should be thinking about is, ‘How do we help state and local governments and how do we help the construction industry?’ Because the recipes that they’re promoting are basically the kinds of policies that would add weakness to the economy, would result in further layoffs, would not provide relief in the housing market, and would result – I think most economists would estimate – in lower growth.
...If Republicans want to be helpful, if they really want to move forward, and put people back to work, what they should be thinking about is, ‘How do we help state and local governments and how do we help the construction industry?’ Because the recipes that they’re promoting are basically the kinds of policies that would add weakness to the economy, would result in further layoffs, would not provide relief in the housing market, and would result – I think most economists would estimate – in lower growth.
Reply
0
0
06-09-2012, 06:21 PM
#2186
At least he has experience with drugs...
http://www.newsmax.com/Newsfront/hig...6/09/id/441767
NY Times: Obama Colluded with Drug Companies to Keep Prices High
NY Times: Obama Colluded with Drug Companies to Keep Prices High
Reply
0
0
06-10-2012, 09:13 AM
#2187
Elite Member
iTrader: (2)
Join Date: Sep 2008
Location: Central Florida
Posts: 2,799
Total Cats: 179
Breathtakingly ignorant has turned to willful ignorance. Jack, you should read the context around these arguments as well. Are libs willing to follow Obama off a cliff like lemmings? You've given the answer.
As for a reply, the biggest drag to GDP is clearly the government. Even the best-case excuse for the stimulus shows a cost per job (created or saved
) of $200,000 per. I'm sure you have an excuse, and I will be chuckling when you 'splain it.
As for a reply, the biggest drag to GDP is clearly the government. Even the best-case excuse for the stimulus shows a cost per job (created or saved
) of $200,000 per. I'm sure you have an excuse, and I will be chuckling when you 'splain it.I am only commenting on the statement that state and local government is a significant drag on economic growth. I am not making a value judgment (i.e. "reduced Federal, state and local government spending slowing GDP growth is a good/bad thing") only what is.
From the BEA 4Q2011 GDP release
The increase in real GDP in the fourth quarter reflected positive contributions from private inventory investment, personal consumption expenditures (PCE), exports, nonresidential fixed investment, and residential fixed investment that were partly offset by negative contributions from federal government spending and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.
The acceleration in real GDP in the fourth quarter primarily reflected an upturn in private inventory investment and accelerations in PCE and in residential fixed investment that were partly offset by a deceleration in nonresidential fixed investment, a downturn in federal government spending, an acceleration in imports, and a larger decrease in state and local government spending
The increase in real GDP in the fourth quarter reflected positive contributions from private inventory investment, personal consumption expenditures (PCE), exports, nonresidential fixed investment, and residential fixed investment that were partly offset by negative contributions from federal government spending and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased.
The acceleration in real GDP in the fourth quarter primarily reflected an upturn in private inventory investment and accelerations in PCE and in residential fixed investment that were partly offset by a deceleration in nonresidential fixed investment, a downturn in federal government spending, an acceleration in imports, and a larger decrease in state and local government spending
Reply
0
0
06-10-2012, 02:03 PM
#2188
One doesn't need to look to Japan to see the fiscal effects of spending more money than they take in. This economic "phenomena" works at all levels, from family to country. Luckily for us, the U.S. uses REALLY creative accounting methods coupled with a REALLY BIG printer in their basement and Harry Reid's crafty refusal to adopt a budget. Sickening.
As has been said for many years (including Bush), our government has a SPENDING problem. To bring sanity back to our budget would do nothing but help our economy.
As has been said for many years (including Bush), our government has a SPENDING problem. To bring sanity back to our budget would do nothing but help our economy.
Reply
0
0
06-10-2012, 02:14 PM
#2189
Boost Czar
Thread Starter
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,493
Total Cats: 4,080
or you could look at good examples like Estonia, or Canada, or new Zealand, or Sweden, or Hong Kong, or Singapore...
we dont have to be so neg. pos it up.
we dont have to be so neg. pos it up.
Reply
0
0
06-11-2012, 06:40 AM
#2191
Elite Member
iTrader: (2)
Join Date: Sep 2008
Location: Central Florida
Posts: 2,799
Total Cats: 179
One doesn't need to look to Japan to see the fiscal effects of spending more money than they take in. This economic "phenomena" works at all levels, from family to country. Luckily for us, the U.S. uses REALLY creative accounting methods coupled with a REALLY BIG printer in their basement and Harry Reid's crafty refusal to adopt a budget. Sickening.
As has been said for many years (including Bush), our government has a SPENDING problem. To bring sanity back to our budget would do nothing but help our economy.
As has been said for many years (including Bush), our government has a SPENDING problem. To bring sanity back to our budget would do nothing but help our economy.
The analogy of a household budget (currency user) with the Federal government's (currency issuer) is flawed at its core. While running a current account deficit, either the government sector or the private sector can be net savers - not both.
It's like all countries trying to run a trade surplus. It does not work, mathematically.
This is a very basic introduction to the realities of the US monetary system if you are interested in more than CNBC/Fox News level soundbites and WSJ/NYT editorial commentary.
Reply
0
0
06-11-2012, 09:51 AM
#2193
Boost Czar
Thread Starter
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,493
Total Cats: 4,080
House committee schedules contempt vote against Holder
http://www.cbsnews.com/8301-503544_1...MainColumnArea
took them long enough.
http://www.cbsnews.com/8301-503544_1...MainColumnArea
took them long enough.
Reply
0
0
06-11-2012, 10:05 AM
#2194
Boost Czar
Thread Starter
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,493
Total Cats: 4,080
Noam Chomsky on the New Party:
1. Am I a member? Yes.
2. Do I think it's a constructive idea? Yes.
3. Is it just a "reform movement within capitalism"? Yes.
4. Am I against capitalism? Yes.
5. Is there a contradiction between 3 and 4? No.
6. How is the New Party different from liberalism? Hard to answer without some clarification. If by "liberalism" is meant the Democratic Party, it is plainly different from liberalism. If what is meant is some kind of social democratic version of state capitalism, presumably not -- at least now, though the project is one that has a possible evolution in mind, and in prospect, I think.
Should we also try to change institutions? Absolutely. How do we do it?...The natural way to approach these goals is to press to the limits the options available within the institutions, so that people come to understand, from their own thinking and experience, what these institutions are, and how they work. That means what is sometimes ridiculed as "reformism" (including what all of us participating in this forum are doing right now); but it should be considered, in my opinion, the only serious path towards revolutionary change -- at least, for those who want that change to be towards freedom, not new forms of authoritarian domination.
2. Do I think it's a constructive idea? Yes.
3. Is it just a "reform movement within capitalism"? Yes.
4. Am I against capitalism? Yes.
5. Is there a contradiction between 3 and 4? No.
6. How is the New Party different from liberalism? Hard to answer without some clarification. If by "liberalism" is meant the Democratic Party, it is plainly different from liberalism. If what is meant is some kind of social democratic version of state capitalism, presumably not -- at least now, though the project is one that has a possible evolution in mind, and in prospect, I think.
Should we also try to change institutions? Absolutely. How do we do it?...The natural way to approach these goals is to press to the limits the options available within the institutions, so that people come to understand, from their own thinking and experience, what these institutions are, and how they work. That means what is sometimes ridiculed as "reformism" (including what all of us participating in this forum are doing right now); but it should be considered, in my opinion, the only serious path towards revolutionary change -- at least, for those who want that change to be towards freedom, not new forms of authoritarian domination.
Reply
0
0
06-11-2012, 01:12 PM
#2196
Boost Czar
Thread Starter
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,493
Total Cats: 4,080
House committee schedules contempt vote against Holder
http://www.cbsnews.com/8301-503544_1...MainColumnArea
took them long enough.
http://www.cbsnews.com/8301-503544_1...MainColumnArea
took them long enough.
Does this **** you off:
Originally Posted by H.R.1. American Recovery and Reinvestment Act of 2009
For an additional amount for ‘State and Local Law Enforcement Assistance’, $90,000,000, to remain available until September 30, 20140,000,000, for competitive grants to provide assistance and equipment to local law enforcement along the Southern border and in High-Intensity Drug Trafficking Areas to combat criminal narcotics activity stemming from the Southern border, of which $10,000,000 shall be transferred to ‘Bureau of Alcohol, Tobacco, Firearms and Explosives, Salaries and Expenses’ for the ATF Project Gunrunner.
Last edited by Braineack; 10-08-2019 at 09:48 AM.
Reply
0
0
06-11-2012, 03:12 PM
#2197
Boost Czar
Thread Starter
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,493
Total Cats: 4,080
How much you wanna bet the Sharpsville Area School District's food budget suddenly starts to skyrocket as more and more food is ordered and cannot be sold and is given away?
I'd be willing to put money on it.
http://sharonherald.com/local/x15706...beef-over-eats
I'd be willing to put money on it.
http://sharonherald.com/local/x15706...beef-over-eats
Reply
0
0
06-11-2012, 03:16 PM
#2198
Boost Czar
Thread Starter
iTrader: (62)
Join Date: May 2005
Location: Chantilly, VA
Posts: 79,493
Total Cats: 4,080
From Homeless to Harvard, what the gov't doesn't want you to see:
http://today.msnbc.msn.com/id/477648...ay-today_news/
http://today.msnbc.msn.com/id/477648...ay-today_news/
Reply
0
0
