The Tea Party won!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

This sort of comment makes you look foolish. Clearly you have never run, or know people who run, anything bigger than a cell phone kiosk at the mall.

And you are a stupid bitch. Look at all the cash companies are holding on the sidelines. They are refusing to put this back to work. The government has crowded out private investment. Don't talk to me about economics because I'll run circles around you. What the fuck do you do? Please state your occupation. You decided to get personal when I was posting a thread from a global view. Sentiment is a real business gauge, but I bet you probably didn't know that.

Not the PP you were replying to but I agree that you have no idea what you're talking about. At best I imagine you might have had one course in Macro in college, and a little knowledge (especially when mostly forgotten) is a dangerous thing. Government spending can crowd out private investment, but only in times of growth and inflation. We haven't had any of those in many years and are stuck in a Keynesian liquidity trap.
Companies are certainly putting some of their cash to work, but abroad, where the demand and the low-paid labor is. Not sure what you meant when you said you are posting "from a global view", but if you read any reputable business news (the Weekly Standard and the National Review are not business news, FYI, they are just propaganda sheets from the billionaire next door) you would see that the articles state week after week that businesses are not planning on hiring because the American consumer isn't spending. The consumer isn't spending because the consumer is jobless, or fearful about losing his job, or mired in debt. That's a liquidity trap, and budget cuts are the last thing we need in a situation like this.
Why don't you state your occupation (assuming you're going to be truthful about it). The things you've said so far don't suggest you can run circles around anyone when it comes to economics.

That's such a lie. Government spending crowds out private investment ESPECIALLY when an economy is trying to rebound because especially in this case all the government needs to do is print more money and spend unlimited amounts of cash.

[Anonymous]

10:06:
In your first two charts, most of the meteoric rise occurred in 2008.

The third chart reflects an erroneous prediction made by Obama's economic advisors -- you have offered no proof that unemployment would have gone down more without the stimulus (and wasn't 40% of that tax cuts anyway?)

Business did not hire between 2001-08. Want proof?

http://www.nationalreview.com/corner/249516/job-creation-bush-vs-obama-veronique-de-rugy#

"Under Bush, private employment shrank by 673,000 jobs, federal employment grew by 50,000 jobs, and government employment grew by 1,753,000 jobs."

[Anonymous]

Anonymous wrote:

Anonymous wrote:The Tea Party won, ok will let you savor your victory. I will sit back and take comfort in your huge government cutbacks when your neighbors get foreclosed on after losing their gov related job and the value of your house hits the skids. Enjoy my friend, it is coming.

Ahh, so there it is. Because you are employed by the government you are willing to put the health of the nation's economy at risk for your own paycheck. So many people here feed at the teat of mother government a large obese matron that continues to grow unabated. Raping the people in rest if the nation who pay taxes to support it.

Actually I'm not employed by the government, so you'll have to find someone else to scapegoat. Simply stating an economic fact. And if you're worried about economic rape, don't worry, the I-banks will bring that to you sooner rather than later on a platter.

[Anonymous]

Anonymous wrote:Oh but I thought Obama was all hope and change and that his policies would turn the economy around? Now all we have is higher unemployment, increased regulation, and less business confidence. No business owner wants to hire with him in office. Everyone is afraid.

Sure, he was supposed to be that. IOW, he was supposed to espouse policies that were progressive (e.g. support Keynesian stimulus, or direct the Fed to actually do its job in balancing inflation and employment concerns, rather than accepting 10% unemployment so long as inflation stays at, what 1.5%?)

Instead, he turned out to be a center-right Republican--basically just to the right of Mitt Romney. At the end of the day, it was worth voting for a classic Republican given that he was black, and had the middle name "Hussein", given that the alternative was "The McCain/Palin Shitshow".

Still, it would've been nice to have elected a left-wing bombthrower in the mold of Ronald Reagan or George HW Bush.

[Anonymous]

Anonymous wrote: Government spending can crowd out private investment, but only in times of growth and inflation. We haven't had any of those in many years and are stuck in a Keynesian liquidity trap.

This can't be hammered home often enough. The funny thing is, all of this stuff is basically uncontroversial macroeconomic theory. Furthermore, the idea that tax increases are anti-stimulative is Keynesian. So all the slack-jawed Teabagging idiots, and the "sensible adults" who call for massive austerity measures during times of contraction and 10% unemployment *are* Keynesian. Or rather, the cherry-pick the bits they like, and discard the parts that don't suit them.

Unfortunately, since they've been trained to think of our current situation as a complete and total catastrophe through decades of GOP propaganda, they don't care in the least whether they trigger a *real* catastrophe rather than the pretend one they're convinced we're having. In other words, they've no problem with acts of economic terrorism like taking the debt ceiling hostage. It's something that no one would have even conceived of doing in years past, because it's completely irresponsible. But once you've decided that the very survival of the country is at stake if brown children get reduced price lunches, anything is justifiable.

[Anonymous]

Matt Taibbi is great on this:

http://www.rollingstone.com/politics/blogs/taibblog/debt-ceiling-deal-the-democrats-take-a-dive-20110801

[Anonymous]

Anonymous wrote:
That's such a lie. Government spending crowds out private investment ESPECIALLY when an economy is trying to rebound because especially in this case all the government needs to do is print more money and spend unlimited amounts of cash.

NP here. You have no clue what you're talking about. PP was right to chastise you for your ignorance. Again, what do you do for a living? Let me guess: you're on Eric Cantor's staff as the resident "economics expert." Heh.

[Anonymous]

Anonymous wrote:the tea party is 100% right in their thinking: the govt's budget long-term is not sustainable. the budget does not need to go up by $1.5 trillion in the next few years - there is no reason behind it other than built in increases that are much higher than inflation.

that said, I disagree with their approach but it seems to have worked.

and the tea party is not at all concerned with race. playing the race card just makes YOU look stupid.

Makes ME look stupid?? hahahaha, lady, you are either BLIND or in DE NILE!!! LOL(denial). The hatred that rose up from beneath the surface of this nation when Obama got elected is in our faces every freaking day, the venom is out there for all to see unless you are on the inside looking out. Which apparently you are.

[Anonymous]

Anonymous wrote:

Anonymous wrote:And you are a stupid bitch. Look at all the cash companies are holding on the sidelines. They are refusing to put this back to work. The government has crowded out private investment. Don't talk to me about economics because I'll run circles around you. What the fuck do you do? Please state your occupation. You decided to get personal when I was posting a thread from a global view. Sentiment is a real business gauge, but I bet you probably didn't know that.

Are you sure you even know what a circle is?

Companies don't hire employees because they have available cash. They hire employees because there is increased demand for their products and services.

[Anonymous]

In addition to being hypocrites, I think conservatives are freeloaders - don't want to pay for the use of public goods: military, police, fire dept., paved roads, etc.

Now the true color are illustrate in dead beat dad, aka Tea Party member, representative Joe Walsh from Illinois who owes $117K+ in child support.

http://thehill.com/blogs/pundits-blog/lawmaker-news/174695-joe-walsh-just-your-average-regular-deadbeat-dad-kind-of-a-guy

[Anonymous]

Anonymous wrote:

Anonymous wrote:the tea party is 100% right in their thinking: the govt's budget long-term is not sustainable. the budget does not need to go up by $1.5 trillion in the next few years - there is no reason behind it other than built in increases that are much higher than inflation.

that said, I disagree with their approach but it seems to have worked.

and the tea party is not at all concerned with race. playing the race card just makes YOU look stupid.

Makes ME look stupid?? hahahaha, lady, you are either BLIND or in DE NILE!!! LOL(denial). The hatred that rose up from beneath the surface of this nation when Obama got elected is in our faces every freaking day, the venom is out there for all to see unless you are on the inside looking out. Which apparently you are.

that is incredibly stupid. the tea party welcomes black members. Alan West is one of the rising stars of the movement, and the Godfather Pizza dude works the crowds. Obama's color isn't the issue, it is his belief system.

[Anonymous]

Anonymous wrote:

Anonymous wrote:The Tea Party won, ok will let you savor your victory. I will sit back and take comfort in your huge government cutbacks when your neighbors get foreclosed on after losing their gov related job and the value of your house hits the skids. Enjoy my friend, it is coming.

Ahh, so there it is. Because you are employed by the government you are willing to put the health of the nation's economy at risk for your own paycheck. So many people here feed at the teat of mother government a large obese matron that continues to grow unabated. Raping the people in rest if the nation who pay taxes to support it.

Sorry, no, I work in the commercial sector completely unrelated to gov. I also pay a sh*tload of taxes but am more than willing to give up my Bush tax cuts in hopes of helping save the middle class, which is taking its last gasp now. Be careful of your assumptions when on an anonymous board.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:the tea party is 100% right in their thinking: the govt's budget long-term is not sustainable. the budget does not need to go up by $1.5 trillion in the next few years - there is no reason behind it other than built in increases that are much higher than inflation.

that said, I disagree with their approach but it seems to have worked.

and the tea party is not at all concerned with race. playing the race card just makes YOU look stupid.

Makes ME look stupid?? hahahaha, lady, you are either BLIND or in DE NILE!!! LOL(denial). The hatred that rose up from beneath the surface of this nation when Obama got elected is in our faces every freaking day, the venom is out there for all to see unless you are on the inside looking out. Which apparently you are.

that is incredibly stupid. the tea party welcomes black members. Alan West is one of the rising stars of the movement, and the Godfather Pizza dude works the crowds. Obama's color isn't the issue, it is his belief system.

Even David Duke had some black supporters.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:the tea party is 100% right in their thinking: the govt's budget long-term is not sustainable. the budget does not need to go up by $1.5 trillion in the next few years - there is no reason behind it other than built in increases that are much higher than inflation.

that said, I disagree with their approach but it seems to have worked.

and the tea party is not at all concerned with race. playing the race card just makes YOU look stupid.

Makes ME look stupid?? hahahaha, lady, you are either BLIND or in DE NILE!!! LOL(denial). The hatred that rose up from beneath the surface of this nation when Obama got elected is in our faces every freaking day, the venom is out there for all to see unless you are on the inside looking out. Which apparently you are.

that is incredibly stupid. the tea party welcomes black members. Alan West is one of the rising stars of the movement, and the Godfather Pizza dude works the crowds. Obama's color isn't the issue, it is his belief system.

Even David Duke had some black supporters.

look. clearly you see everything in life through a race-based prism. I get that, and actually understand it. But it really isn't nearly as important as you think it is. Good luck.

[Anonymous]

Here is what no one is going to say about the economy. The country is de-leveraging, ie they are paying down their own debt. And that means they are not spending. And that means that unemployment is going to be that way for a while. It takes years to unwind a debt problem. Years. I heard that peak unemployment after financial crises is between three and eight years from when it starts.

The government can take the sting out of it by deficit spending. That actually does cause spending.

Tax cuts do nothing for the near term economy. People just use it to pay down debt, not invest. What's the point in investing in growth when there is no demand? But it is completely rational to pay down debt.

Unfortunately we just have to wait it out. The government cannot create an economy, whether it is through tax cuts or spending. Still, I'd rather they spend than not.