July 29, 2011

Obamaconomy [ArthurK]
— Open Blogger

Quarterly GDP since Pres. Obama took office.

2009 2nd Qtr:.....-.7%
2009 3rd Qtr:.....1.7%
2009 4th Qtr:.....3.8%
2010 1st Qtr:.....3.9% (Obamacare passed March 2010)
2010 2nd Qtr:.....3.8%
2010 3rd Qtr:.....2.5%
2010 4th Qtr:.....2.3%
2011 1st Qtr:.....0.4%
2011 2nd Qtr:.....1.3%

The conventional wisdom is that it takes at least 2.5% GDP growth to lower unemployment numbers.

For comparison, here are annual numbers from the Carter years

1977....4.6
1978....5.6
1979....3.1
1980...-0.3

Posted by: Open Blogger at 10:52 PM | Comments (126)
Post contains 68 words, total size 1 kb.

1 Numbers I can use.....

Posted by: WILSON at July 29, 2011 10:56 PM (eESs6)

2 So the secret to reducing unemployment is in the growth of the GDP?

I wonder if my Congressmen know that.

Posted by: elspeth at July 29, 2011 11:00 PM (clwS9)

3 Well Obamacare looks like that huge economy saver the Democrats promised it would be.  Question for the left.  Do results matter or can we live on good intentions?

If you step back and look at the results since the Dems took over Congress it is pretty scary how perfectly awful they are.

Posted by: Bill Mitchell at July 29, 2011 11:00 PM (uVlA4)

4 Something no one is talking about is the psychological toll all of this must be taking on Obama.  Marxism is who he is, it is what he has believed in his entire life and dreamed of the day he would finally have the power to implement it and show the world it works.

But.it.doesn't.

That has to be hard.  How long can you appear on camera and pretend to be in control and pretend to be confident before you finally reach the breaking point ad crack up?

Posted by: Bill Mitchell at July 29, 2011 11:04 PM (uVlA4)

5 Posted an update - added Carter years.

Posted by: Comrade Arthur at July 29, 2011 11:09 PM (/62i9)

6 Louis CK on comedy central right now.  He's awesome

Posted by: Truman North at July 29, 2011 11:13 PM (K2wpv)

7 "How long can you appear on camera and pretend to be in control and pretend to be confident before you finally reach the breaking point ad crack up?"

hopefully not long, and i hope it happens line on national TV...

Posted by: redc1c4 at July 29, 2011 11:15 PM (d1FhN)

8 I think Obama is ready for his killer rabbit moment.

Posted by: Anna Puma at July 29, 2011 11:17 PM (YndnO)

9 The science is in: the GDP is racist.

Posted by: soopermexican at July 29, 2011 11:22 PM (LYcrO)

10 At some point the news media is going to realize they have to get over the tingle up their legs and the crease of his pants or they'll be just as marginalized as he is. And really, GOP, why are you taking this guy seriously?

Posted by: steve poling at July 29, 2011 11:26 PM (db5YN)

11 When the 2nd quarter gets adjusted down, I wonder what it'll be?  Looks like we're sliding towards the double dip.  Should we call this "The Great Recession"?  Personally I favor "The Bad Deal".

Posted by: theCork at July 30, 2011 12:11 AM (npWbW)

12

Here's what you do: Get on twitter and follow #compromise. Find some pudding-headed Obamabot and, in the most condescending tone you can manage in 140 chars, tell them to shut up and get back to work funding your retirement.

 

Posted by: RokShox at July 30, 2011 12:39 AM (pcly4)

13 But what were the numbers under Bush?  Bush lost 10 billion jobs and sent them all to China, so that Halliburton could pay Dick Cheney. Or something.

Posted by: Drunk Sockpuupet up way past his bedtime at July 30, 2011 12:49 AM (jn3w5)

14 And finally, let’s discuss the House Republicans who are standing on the brink of sending to the Senate — who will pass it — and the president — who will sign it — a piece of legislation that is consistent with their principles, if not perfect.

Ooops.


Posted by: Drunk Sockpuupet up way past his bedtime at July 30, 2011 12:58 AM (jn3w5)

15 And the only reason why the GDP was in the 3.8 range was why? Can we say a bit of QE my friends.

Posted by: Ben Bernanke, Helicopter Pilot at July 30, 2011 01:12 AM (kkG60)

16 And if you believe those numbers I have a Time Share to sell. The GDP has been essentially flat since Obama took office.

Like his hero, FDR Obama has made everything worse. The Dems caused the collapse and now they have turned it into great depression 2.0.

Posted by: Vic at July 30, 2011 01:14 AM (M9Ie6)

17 And to this day, the Left tries to tell us "trickle down economics doesn't work." Uh huh. And Obamanomics does, huh?

Posted by: CoolCzech at July 30, 2011 01:38 AM (kUaEF)

18 That stuff up there at the top looks suspiciously like math. You know the rules, Arthur.
 
But since you violated them, I'd like to take a lousy swing too. Since King Putt has been in charge, there has been about $4 trillion in deficit spending. Total GDP for a year is somewhere in the ballpark of $14 trillion. So 4/14, carry the elevenses, works out to 28.5%  of a single year's GDP. Even accounting for most of the stimulus going for hookers and blow, some of it must have caused a few things to be produced that counts towards GDP.
 
Now I added up all those quarterly GDP numbers from the JEF days, and get........19%. Now that is 19%/9 quarters, or around 2.1% annual growth. So we have 28.5%/9  = 3.1% borrowed money spending to get 2.1% growth. Yeesh. I don't gots no Harvard degree or anything, but that don't look so hot as a result.
 
And since the projections for GDP and deficit spending both remain in these same ballparks, it never gets better. Never.
 
Now to apologize for that above stuff, I offer up some fresh Iowahawk debt Armageddon predictions:

Beltway policy experts begin living by own wits; after 45 minutes there are no survivors.
 
Without college loan program, America loses an entire generation of Marxist Dance Theorists.
 
The link is to his blog; these were a couple of my favorites from his post.

Posted by: GnuBreed at July 30, 2011 01:41 AM (bvXGR)

19 Now that is 19%/9 quarters, or around 2.1% annual growth. So we have 28.5%/9  = 3.1% borrowed money spending to get 2.1% growth.
 
Crap. Now you see why I'm not allowed to play with math any more. The 28.5% needs to be divided by 2.75 years to get annualized, which works out to 10.3% of GDP. Oh shit. That is bad. A whopping 2% growth, fueled by 10% borrowing. Yeah, that is sustainable.

Posted by: GnuBreed at July 30, 2011 02:00 AM (bvXGR)

20 The spinners are hard at work in the dungeon levels of the White House.

When the dust settles and a bill is passed and on the JEF's desk to sign, it will be trumpeted in a signing ceremony as the most miraculous event since the Resurrection of the Messiah, with the MFM singing the halleluiah chorus.

It will be all Him.

A presser will be held and all the reporters will be in shock and awe in His radiating presence, and only puffball questions will be submitted, allowing Him to voice this event as the New Coming of The One.

Because it's all about Campaign 2012, baby.  All about it.


Posted by: I'm in a New York state of mind at July 30, 2011 02:03 AM (4sQwu)

21 @21: Yeah, come the inevitable passage of a compromise that Obama literally had NOTHING to do with, there will be editorials written about his "dazzling leadership." It's inevitable - and disgusting. It would even be laughable, were it not for where the country is headed and actually is.

Posted by: CoolCzech at July 30, 2011 02:06 AM (kUaEF)

22 Quiz: Energy and You

Your score:2 out of 11

You probably don't recycle.

Can't say how I got here but this quiz has less to do with energy and more to do with liberal policy and useless trivia.

Posted by: sTevo at July 30, 2011 02:08 AM (VMcEw)

23

This is really an old story but because Otrama went to La Raza Fox has regurgitated it.

Obarky is implementing amnesty via executive fiat. King Barky’s favorite phrase now is “So let it be written, so let it be done”.

Posted by: Vic at July 30, 2011 02:09 AM (M9Ie6)

Posted by: Vic at July 30, 2011 02:09 AM (M9Ie6)

25

Issa "investigates Otrama CAFE standards by executive fiat

Look Issa all these “investigations” are all well and good but isn’t it time to do something with them? We need a special prosecutor for the gun running stuff.  We need some legislation to reign in Pharaoh Bama’s executive fiat.

Posted by: Vic at July 30, 2011 02:09 AM (M9Ie6)

26

This is the kind of shit that really pisses me off on the "sports" clubs.

County government in Long Island wants already beleaguered tax payers to fork over $400M for a new hockey stadium.  The county already has a huge deficit and now they want to spend $400M to “keep the islanders from leaving”. Piss on the islanders let them leave. If more cities and counties across the nation refused this BS owners would quit holding the tax payers for ransom.

That's it for non-budget "news".

Posted by: Vic at July 30, 2011 02:10 AM (M9Ie6)

27 Trying to follow the debt deal. Let's see;
- Boehner deal gets held up because "Tea Party" wants changes; or do they want no deal at all? Honestly, I am confused. Anyway, Boehner gets enough "Tea Party" (?) votes to pass it. Cheers go up.

- The Senate gets it and refused to consider it with the help of six Republican "Tea Party" Senators (Sens. Jim DeMint, Lindsey Graham, David Vitter, Rand Paul, Mike Lee and Orrin Hatch.)

Will these Senators vote for any deal or is the game to get something passed without those six?

Those are honest questions.

Posted by: Marcus at July 30, 2011 02:10 AM (xVZFh)

28 Quiz: Energy and You

Where is this at?

Posted by: Vic at July 30, 2011 02:12 AM (M9Ie6)

29 A whopping 2% growth, fueled by 10% borrowing.

Posted by: GnuBreed at July 30, 2011 07:00 AM (bvXGR)

So ... government spending has a multiplier of 5.  What's wrong with that. 

What do you think growth is?  Deficit spending IS growth!

Posted by: King Berry of Stupid at July 30, 2011 02:13 AM (G/MYk)

Posted by: Vic at July 30, 2011 02:15 AM (M9Ie6)

31 You're right, it is worthless.

Posted by: Vic at July 30, 2011 02:20 AM (M9Ie6)

32 Look Issa all these “investigations” are all well and good but isn’t it time to do something with them?
 
I'm at least hoping someone goes to jail for GunRunner but that's about it for my expectations Vic. No one is held accountable in government anymore. (See Frank-Dodd). Look at the Issa stuff as ammo to keep JugEars from getting reelected.

Posted by: GnuBreed at July 30, 2011 02:30 AM (bvXGR)

Posted by: Marcus at July 30, 2011 02:33 AM (xVZFh)

34 OT, but A&E is playing Fastimes at Ridgemont High. That movie came out way, way back in 1982, Holy Smokes! It provokes some thoughts: 1. Two white kids working in a fast food joint. No illegals around. Imagine that! 2. All the kids in that movie... Are pushing 50 or more? 3. Watching the teacher's frustration with his brain damaged students and the resentful look on their faces because he wants to free them from ignorance... Is it any wonder we elected a coffee server President? Watching those kids today, I feel like smacking them upside the head.

Posted by: CoolCzech at July 30, 2011 02:38 AM (kUaEF)

35 test

Posted by: Tami at July 30, 2011 02:40 AM (X6akg)

36 Finally!

Posted by: Tami at July 30, 2011 02:41 AM (X6akg)

37 Yeah, I guess it is too much to expect. That is why they should just do away with them. They are nothing but political kabuki.

When they suspect that someone in the executive dept has done something illegal name a special prosecutor.

If the President exceeds his authority and rules by executive decree impeach him. You if you don't have the balls to do that then an "investigation" is worthless.

Posted by: Vic at July 30, 2011 02:41 AM (M9Ie6)

38 Two white kids working in a fast food joint. No illegals around. Imagine that!

LOL reminds me of a trip I made to Ohio a few years ago to visit a friend. We stopped to grab some lunch at a Burger King somewhere in the mountains near Pigeon Ford.

Something about it "bothered" me for a while until I noticed it. I told my wife to look around and tell me what was missing. She didn't catch it either.

There wasn't a single minority in the restaurant at all, not one.

Posted by: Vic at July 30, 2011 02:45 AM (M9Ie6)

39 Now Vic, Issa is compiling a long list of violations of the law by the Otrama administration.  But none of the media or even the RNC will publish it of course.  That would be racist or something.

Posted by: Mr. Dave at July 30, 2011 02:50 AM (KaiHM)

40 But none of the media or even the RNC will publish it of course.  That would be racist or something.

Posted by: Mr. Dave at July 30, 2011 07:50 AM (KaiHM)

Yeah, he is superbama and invulnerable to impeachanite because he is shielded by blackdemocratium.

Posted by: Vic at July 30, 2011 02:52 AM (M9Ie6)

41 Maybe they'll release it to the conservative blogs???

Posted by: Vic at July 30, 2011 02:52 AM (M9Ie6)

42 39 Something about it "bothered" me for a while until I noticed it. I told my wife to look around and tell me what was missing. She didn't catch it either. There wasn't a single minority in the restaurant at all, not one. Posted by: Vic at July 30, 2011 07:45 AM (M9Ie6) I'm sure the Department of Social Justice is all over it...

Posted by: CoolCzech at July 30, 2011 02:54 AM (kUaEF)

43

Maybe they'll release it to the conservative blogs???

Ace and Drew could double-post it.

Posted by: Mr. Dave at July 30, 2011 02:56 AM (KaiHM)

44

I laugh at your conventional wisdom. My wisdom is beyond the ken of mere mortals.  Did you not tremble when you saw the polystyrene columns of the ersatz temple erected to my magnificence st the 2008 Democrat Convention? Did you not hear me that I would deighn the ocean level not rise?

In my next term there shall be a great and mighty statue of my likeness, built in Detroit or Cleveland or East St. Louis, withis written at the foundation:

"OBAMANDIAS THE GREAT:  Look upon my works and despair! He made America what it is today!" 

Posted by: President Barack Hussain Obamandias at July 30, 2011 02:57 AM (hbAPu)

45 Are those quarters/years calendar years, or fiscal years?

Because March 2010 was in the second quarter of fiscal year 2010, which by those numbers would REALLY help the counter-narrative.

Posted by: Question at July 30, 2011 03:00 AM (gVqQ3)

46 Limbaugh mentioned a couple of weeks ago that if you tracked unemployment against the Democrats taking office in November 2006 you'd see that business starting shedding jobs all the way back then, and then kicked it into overdrive when Obama was elected in 2008. They didn't wait for him to get into office, they started cutting back before he got in because they knew he was going to be economic poison.

Posted by: Ghost of Lee Atwater at July 30, 2011 03:01 AM (ye+Aj)

47
After almost three years of stagnated growth due to imposed Marxist policies of redistribution of wealth and over regulation, Obama and his minions continue trying to polish the turd from the clean end.

Posted by: Fish the Impaler at July 30, 2011 03:03 AM (Lt/Za)

48 Posted by: Vic at July 30, 2011 07:10 AM (M9Ie6)
The right of public officials to spend the taxpayers money on stadiums (sweetened with eminent domain and tax breaks) where, just coincidentally, those same public officials often wind up viewing games from the skybox on an unattributable basis, is enshrined in the Constitution. 
See the Commerce Clause if you doubt me.

Posted by: Hrothgar at July 30, 2011 03:04 AM (yrGif)

49 "At some point the news media is going to realize they have to get over the tingle up their legs and the crease of his pants or they'll be just as marginalized as he is. And really, GOP, why are you taking this guy seriously?" The religion of liberalism is the opiate of the media and many Republicans. Obama is a damn good stadium preacher!

Posted by: x11b1p at July 30, 2011 03:08 AM (nVLlM)

50 @48: And for all the Marxism, that divide between rich and poor liberals SO fret over has actually increased.

Posted by: CoolCzech at July 30, 2011 03:10 AM (kUaEF)

51 "At some point the news media is going to realize they have to get over the tingle up their legs and the crease of his pants or they'll be just as marginalized as he is.

Already have been. Even the Dems now agree that the MFM is in his pocket.

Posted by: Vic at July 30, 2011 03:11 AM (M9Ie6)

52 Marxism is who he is, it is what he has believed in his entire life and dreamed of the day he would finally have the power to implement it and show the world it works.

But.it.doesn't.

That's because you idiots won't cooperate. Eat your peas, let me eat my waffle, and do what I tell you to do. It's for your own good.

Posted by: King Putt at July 30, 2011 03:14 AM (ye+Aj)

53 Has David Brooks or any of his rock ribbed conservative brethren like Christopher Buckley issued a formal apology yet?  Perhaps followed by a scourging in the town square?  These economic numbers yet Michael Medved still hyperventilates through his Ned Flanders moustache about how unbeatable Obama still is.

Posted by: ed at July 30, 2011 03:15 AM (LejjT)

54
And for all the Marxism, that divide between rich and poor liberals SO fret over has actually increased.

Posted by: CoolCzech at July 30, 2011 08:10 AM (kUaEF)

Absolutely true, and the lesson for me is that Marxist principles may be imposed on a capitalist society, but it won't break the entrepreneurial spirit or dogged determination of a free society. 

The divide so despised by liberals moves America further from the Marxist/socialist concept of equality, and it's just not fair that one person had the opportunity to serve in the military, and upon discharge, used those skill sets to obtain a great job further denying  fairness and opportunity to a minority, homosexual, lesbian, trans-gendered, or Obama voting liberal. 

Posted by: Fish the Impaler at July 30, 2011 03:19 AM (Lt/Za)

55

Heh, The Vapid One's© economic numbers are worse than Jimmah Cahtah's?

Somewhere, deep in the Georgia woods, a rabbit is smiling.

Posted by: BackwardsBoy at July 30, 2011 03:20 AM (d0Tfm)

56 And for all the Marxism, that divide between rich and poor liberals SO fret over has actually increased.

Posted by: CoolCzech at July 30, 2011 08:10 AM (kUaEF)

Comrade, you should know by now that one of the most important rules of Socialism and Communism is that the divide between the deserving ruling class and the undeserving underclasses that need to be guided by the ruling class is supposed to increase.  Otherwise, who would staff my dacha

We do this by a gradual redistribution of wealth so that almost all the peasants are equally impoverished, the middle class (bourgeoisie) are destroyed, the few peasants and members of the MFM that are criminally insane are gradually elevated to the ranks of the elite, and we the elite live in gated communities.

Posted by: S Alinskiiy at July 30, 2011 03:21 AM (yrGif)

57

LOL reminds me of a trip I made to Ohio a few years ago to visit a friend. We stopped to grab some lunch at a Burger King somewhere in the mountains near Pigeon Ford.

Something about it "bothered" me for a while until I noticed it. I told my wife to look around and tell me what was missing. She didn't catch it either.

There wasn't a single minority in the restaurant at all, not one.

 

 

 

 

Vic.   I was recently in Kalispell, MT at some bbq joint.  Couldn't believe that everything was in english, and nothing but white faces.

 

 

 


 

Posted by: learflyer at July 30, 2011 03:24 AM (9vscO)

58 Progressives' motto: if you think we've made matters worse now, just wait a bit ...

Posted by: No Whining at July 30, 2011 03:24 AM (YAJZH)

59 Why is everyone so gloomy? The Boehner plan has passed, and now the Republicans have the upper hand!

Posted by: blaster at July 30, 2011 03:24 AM (Fw2Gg)

60

"Sometimes when I look at all my children, I say to myself, "Lillian, you should have stayed a virgin."


-Lillian Carter
Jimmah's mother


Posted by: Fish the Impaler at July 30, 2011 03:27 AM (Lt/Za)

61
It's just do delicious watching liberal talking anus' squirm, stutter, and obfuscate describing the plan submitted to Congress by Barky the Magnificent. 

I cannot fathom working as a talking hemorrhoid, spending your time constructing lies to make the Emperor look sane.  Even Nurse Ratched would have a problem solving Barky's sociopathy.

Posted by: Fish the Impaler at July 30, 2011 03:31 AM (Lt/Za)

62 Marxism/Socialism has never worked and will never work. It may take a few years, especially when it is implemented by a hard core dictatorship (which it will always devolve to in the end).

The problems is once people discover that it is easier to steal from their fellow man for their daily bread than to work, they will steal. The ones who do work get tired of supporting the lazy and indolent, so they join them.

Soon more people are lazing about than are working. That is where we are at now. I also include gov workers of all stripes in that. Even though they are "working" in most cases, they are being supported by the private jobs.

When you reach that point it isn't long before the ultimate collapse. And that is where we are at now. 

Posted by: Vic at July 30, 2011 03:33 AM (M9Ie6)

63 Vic.   I was recently in Kalispell, MT at some bbq joint.  Couldn't believe that everything was in english, and nothing but white faces.

That reminds me of another story that involves the AOS HQ. We had some troll on here (at least I didn't recognize the hash or name) and he was ragging on the "racist South" and how he had grown up in a small town in ME and never even thought about all his black friends as being different.

I went and checks his "small town" in ME. Zero blacks lived there. In fact, that is the normal demographic in ME for small towns. They are whiter than a liberal Democrat convention.

Posted by: Vic at July 30, 2011 03:36 AM (M9Ie6)

64 Will no one rid us of The Kornbrero Kid photo on the sidebar?

Posted by: No Whining at July 30, 2011 03:36 AM (YAJZH)

65
When you reach that point it isn't long before the ultimate collapse. And that is where we are at now. 

Posted by: Vic at July 30, 2011 08:33 AM (M9Ie6)

Surely you're not suggesting the 47% who pay no Federal income taxes join the other members of the unwashed proletariat and contribute to their own welfare? 

That cruel and unusual punishment, and that thinking should be suppressed.  You must be one of those republican thugs like Dick Cheney, Halliburton, Bush, or Mother Teresa.


Posted by: Fish the Impaler at July 30, 2011 03:37 AM (Lt/Za)

66 Surely you're not suggesting the 47% who pay no Federal income taxes join the other members of the unwashed proletariat and contribute to their own welfare?

Last number I heard was 51% don't pay. And think about this, if you add all the gov workers to that what would the percentage be.

Posted by: Vic at July 30, 2011 03:38 AM (M9Ie6)

67
Last number I heard was 51% don't pay.

Posted by: Vic at July 30, 2011 08:38 AM (M9Ie6)

If accurate, we have reached the tipping point of no return.  When over half the population lives from the fruits and labors of the other half, the only possible suitable outcome is massive civil disobedience or something unthinkable. 

Posted by: Fish the Impaler at July 30, 2011 03:40 AM (Lt/Za)

68

 Couldn't believe that everything was in english, and nothing but white faces.

 

The white devil, they stole our land and killed our spirit brothers the Wolf and the Buffalo.

 

 

Posted by: First Nations Asshat at July 30, 2011 03:42 AM (ogpVS)

Posted by: Vic at July 30, 2011 03:45 AM (M9Ie6)

70 Also, that is 51% of the people who work pay none. The actual percentage of the population who pay no tax is much higher.

Posted by: Vic at July 30, 2011 03:47 AM (M9Ie6)

71 Do you know what this country needs?  That's right. Make no mistake. Let me be clear:   Moar Infrastructure jobs to keep the economy moving.

Bwahahahaha!!11!

Posted by: Barky the Orator at July 30, 2011 03:47 AM (p2IBw)

72 welp.....the proof is in the pudding........

Posted by: phoenixgirl at July 30, 2011 03:48 AM (eOXTH)

73 Do you know what this country needs?  That's right. Make no mistake. Let me be clear:  Another real estate bubble or healthcare ponzi scheme to instantly rob the American economy of trillions of dollars of wealth.

Bwahahahaha!!11!

Posted by: Barky the Orator at July 30, 2011 03:57 AM (p2IBw)

74 34

Bwa-ha-ha-ha-ha!

Posted by: nickless at July 30, 2011 03:57 AM (MMC8r)

75
The Earned Income Tax Credit is a scam on the taxpaying public.  An illegal alien is eligible for the EITC, and can receive a check for thousands of dollars for not working.

Money is confiscated from the producers to buy votes from the low wage earners.  So what's the incentive to better oneself if the government provides free money in the thousands of dollars?

Absolutely none, and that's why we're fucked until we drive a stake through the heart of liberalism and half way through the heart of conservationism.

Posted by: Fish the Impaler at July 30, 2011 03:59 AM (Lt/Za)

76 You know, there hasn't been any ball dipping happiness around here in a long time. Maybe a flaming skull for passing the Boner Bill?
 
(Now look everyone, put down those pitchforks and hot tar buckets.....and why is that rope tied into a noose?)

Posted by: GnuBreed at July 30, 2011 04:01 AM (bvXGR)

77 Do you know what this country needs?  That's right. Make no mistake. Let me be clear:  Another global climate scam to crush capitalism and over-regulate free enterprise out of existence.

Bwahahahaha!!11!

Posted by: Barky the Orator at July 30, 2011 04:02 AM (p2IBw)

78
..half way through the heart of conservationism.

Posted by: Fish the Impaler at July 30, 2011 08:59 AM (Lt/Za)


What the hell kind of word is that?  In my doddering old age and dementia, I meant to say conservatism. 

Posted by: Fish the Impaler at July 30, 2011 04:04 AM (Lt/Za)

79 the proof is in the pudding........
Posted by: phoenixgirl at July 30, 2011 08:48 AM (eOXTH)

Proof is not the only thing in the pudding at AoSHQ!

Posted by: Hrothgar at July 30, 2011 04:04 AM (yrGif)

80 More of Iowahawk's DOOM tweets:

NPR news segments no longer buffered by soothing zither interludes.

Chevy Volt rebate checks bounce, stranded owners more than 50 miles from outlet.
---
See, if you look hard enough there is a silver lining to the cloud.

Re Vic's link on the Islanders. Does NASCAR extract tax dollars to build new tracks?

Posted by: Retread at July 30, 2011 04:05 AM (G+7cD)

81 As far as I know the track at Darlington, SC was built with zero tax dollars. In fact, they PAY property taxes!

Posted by: Vic at July 30, 2011 04:08 AM (M9Ie6)

82 80 "Proof is not the only thing in the pudding at AoSHQ!" Posted by: Hrothgar at July 30, 2011 09:04 AM (yrGif) eeeeewwwwwwww!

Posted by: phoenixgirl at July 30, 2011 04:09 AM (eOXTH)

83
Does NASCAR extract tax dollars to build new tracks?

Posted by: Retread at July 30, 2011 09:05 AM (G+7cD)

If NASCAR ticket sales don't improve, sponsorships will begin looking elsewhere.  Sales at Indy for this weekend have been reported as tepid, with less than 50% capacity sold.  Bummer!


Posted by: Fish the Impaler at July 30, 2011 04:09 AM (Lt/Za)

84 retread i think they are trying to recreate "running out of gas" experience........./

Posted by: phoenixgirl at July 30, 2011 04:10 AM (eOXTH)

85

Amazingly, the Republicans' refusal to extend the debt ceiling on Tuesday somehow caused a double-dip recession to begin three months ago.

That is some serious evil the Republicans have got there.

Posted by: stickety at July 30, 2011 04:16 AM (FUDwf)

86 So, we have ~ 86 billion dollars in the Federal trough, right? I guess the moment the debt ceiling is raised, some philanthropic entities will fill the vaults with hundreds and hundreds of billions in loans? I guess that takes what, a couple of minutes? There is a pain between my ears.

Tired of this "how dare this be politicized". Of course it is fucking political. There are fundamental differences between the 2.1 parties in power. For instance, it seems the Tea Party has read the Preamble and understands the difference between "Promote the General Welfare" and what will soon be rewritten to read "Provide the General Welfare." Now, if how we spend Federal tax dollars ain't fucking politcal, what the fuck is, Mr. Obama?

Anyone remember him laughing sarcastically about how "debating the debt ceiling and talking tax code" for 15 hours a day for three days is one of his favorite things to do? Real funny, asshole. Admitting that he gives less than half a fuck about American Citizen's hard earned money and making our money a trivial joke.

Posted by: Tickbeard at July 30, 2011 04:18 AM (lHdBc)

87 Well, let's recap:
Unsustainable spending profile for as far as the rational fiscal eye can see
Lying self-enriching politicians (but I repeat myself)
Establishment politicians in collusion to squash any meaningful reform by upstart radical evil conservatives
An ultra-liberal narcissistic Communist (with delusions of grandeur) in the White House
A majority of the legal and illegal population on the dole
The ability of the dead to rise and vote Dem
Regulation by unchallenged fiat executive order
Criminal unaccountability for massive financial crimes
No border security
Criminals in high positions in the DoJ
Deliberate demoralization and destruction of the US Military
UnConstitutional and Congressionally unchecked misuse of the military by the Executive
Constant uni-directional flow of jobs overseas
Strangulation of US energy development by regulation

But we have passed another milktoast bill in the House, so you all can sleep well tonight (if you make it through the day).  
What could possibly go wrong?

Posted by: Hrothgar at July 30, 2011 04:19 AM (yrGif)

88
This is just so exciting and thoughtful.  It's almost like Utopia has finally arrived for one and all. 

Chevrolet Dealers Install Solar Powered Volt Rechargers

Posted by: Fish the Impaler at July 30, 2011 04:22 AM (Lt/Za)

89 Given all of the crap from government and our betters, it is surprising capitalism has survived at all.

Posted by: Jean at July 30, 2011 04:28 AM (X6eYN)

90 For instance, it seems the Tea Party has read the Preamble and understands the difference between "Promote the General Welfare" and what will soon be rewritten to read "Provide the General Welfare."

Posted by: Tickbeard at July 30, 2011 09:18 AM (lHdBc)

You have to be very careful with that argument, since it is written "provide ... for the general Welfare" in the preamble of Art 1, Sec 8.  The argument on the difference would be that Art 1, Sec 8 also says "provide for the common Defence" and then goes into detail about how the Congress shall so provide, with no details mentioned about "general Welfare", as Madison intended and explained later.

Posted by: progressoverpeace at July 30, 2011 04:28 AM (G/MYk)

91 Barky will not be happy till the unemployment rate is 100%, liberals really suck.

Posted by: Killerdog at July 30, 2011 04:30 AM (Y+EWO)

92

The American people killed themselves in 2008 by nominating McCain and electing Obama.

This is all just rigor mortis kicking in.

 

Posted by: TexasJew at July 30, 2011 04:31 AM (qSoqy)

93 The Preamble was not written to establish any authority for the federal government.  That is simply another one of those "stretches" by liberals to allow their own rubber Constitution.

The preamble was written by the Committee on Style after most of the delegates had already left. It was never voted on by the full delegation.

It was always intended simply as an explanation as to why the delegation had written a new Constitution instead of modifying the articles of confederatiion, which is what they were supposed to do.

Posted by: Vic at July 30, 2011 04:32 AM (M9Ie6)

94 Doew anybody read the LameCherry.blogspot?  It is interesting today.

Posted by: at July 30, 2011 04:33 AM (6IV8T)

95 90 Given all of the crap from government and our betters, it is surprising capitalism has survived at all.

Posted by: Jean at July 30, 2011 09:28 AM (X6eYN)

Capitalism and free enterprise will survive, somewhere. Maybe not here anymore with a shithead populace that our parents couldn't recognize anymore.

Posted by: TexasJew at July 30, 2011 04:33 AM (qSoqy)

96 Sorry.

http://www.lamecherry.blogspot.com/

Posted by: at July 30, 2011 04:33 AM (6IV8T)

97 A whopping 2% growth, fueled by 10% borrowing. Yeah, that is sustainable.

Posted by: GnuBreed at July 30, 2011 07:00 AM (bvXGR)


If we ever do balance the budget, the GDP will take a huge hit, simply because Gov't spending is such a large component. Obama's spending is masking (not very well) a depression.

Posted by: zmdavid at July 30, 2011 04:34 AM (k55gd)

98
Daddy did a good job in his run for the presidency,  but the weight of having Sarah Palin around his neck made for a very contemptuous and vitriolic campaign.  She was an evil choice.

Posted by: Meggy "Miss Hooter '08" McCain at July 30, 2011 04:35 AM (Lt/Za)

99 Two Pictures from Dan Mitchell at the Cato Institue, via Big Government.

Posted by: fluffy skips the big words at July 30, 2011 04:36 AM (4Kl5M)

100

Capitalism and free enterprise will survive, somewhere.

Posted by: TexasJew at July 30, 2011 09:33 AM (qSoqy)

Only where private property rights are respected and honored.

Posted by: progressoverpeace at July 30, 2011 04:37 AM (G/MYk)

101 Capitalism has not survived in the U.S. We are primarily a socialist country now. I would say about 40% socialist, 30% fascist, 20% communist, and 10% capitalist. (and that is underground)

Posted by: Vic at July 30, 2011 04:37 AM (M9Ie6)

102 Obama is taking advantage of the glitch in GDP calculations that government spending counts the same as private sector production to make the numbers look good.  And they still suck.

Posted by: zmdavid at July 30, 2011 04:42 AM (k55gd)

103 Iowahawk:

Government spending helps stop the up-and-down business cycle. Engine explosions help stop the up-and-down airplane cycle.

Posted by: Tami at July 30, 2011 04:42 AM (X6akg)

104

I don't think the income tax numbers (51%) necessarily indicate a tipping point.

Not all of the 51% who don't pay federal income tax are living off the labor of others.  There are a whole hell of a lot of people in that 51% who bust their asses making $10-$12 an hour trying to support a family. 

Plus, the working poor who are a part of that 51% DO PAY federal taxes in the form of the payroll tax. 

As for government workers...  you know, some of them DO provide essential services.  I don't know that it's fair to throw cops, firemen, court workers, etc. in the same boat with the parasites who use government assistance as a means to avoid working for a living.

Posted by: stickety at July 30, 2011 04:43 AM (FUDwf)

105 "I went and checks his "small town" in ME. Zero blacks lived there. In fact, that is the normal demographic in ME for small towns. They are whiter than a liberal Democrat convention. " ----------------------------------------------------------------- Have an old friend, ultra liberal who thinks I am an islamaphobe and a Southern gun clinging bible loading bitter. I've lived and worked with all kinds of Muslims, have lived and worked with black folks from all over the world; lived all over including overseas. Him? Lives in an almost entirely white liberal city bubble. Don't think he's ever even met a Muslim. Not a single black where he works. He makes Christian jokes and then apologizes to me (as if I care). Makes fun of me because I own lots of guns and shoot them. People are very very strange. They act as if the World is what they think it should be in their imagination rather than what it actually is and never realize the problem therein.

Posted by: sleepless at July 30, 2011 05:00 AM (mexsR)

106 ......But what I meant to post was an interview by Greta on Fox this morning (rerun from last night) where a wise experienced Democrat explained that the reason there were no jobs is because the Republicans have been blocking higher taxes since W took office. Heh heh. Can't beat that logic with a stick.

Posted by: sleepless at July 30, 2011 05:03 AM (mexsR)

107 #106, Join the club. Usually the people lobbing racist or knuckle-dragging insults, and claims of the superiority of other cultures, are the one whom: have never lived overseas, worked with people of other cultures/ethnicities, and rely on reading the NYT with a smattering of Chomsky or "People's Historys" / listening to NPR / watching Bill Maher or Jon Stewart to feel intellectual.   

Posted by: Al Sharpton, Mel King, Jesse Jackson, local shakedown coalition of phony ministers 666 at July 30, 2011 05:05 AM (ijjAe)

108 I met a traveler from Detroit, who said
Two vast and trunkless legs stand in the slums
Near them on the trash a shattered visage lies...

Posted by: SurferDoc at July 30, 2011 05:14 AM (STdkO)

109 Tripling the money supply without goosing the GDP? What a maroon. Anyone have a GDP/oz of Gold graph, you know, to take into account the debasement of the dollar?

Posted by: t-bird at July 30, 2011 05:15 AM (FcR7P)

110 I get your point about the Mickey D's and all, but remember, non-white people are people too. Not every non-white person in the country is illegal, folks. Carry on.

Posted by: chique d'afrique (the artist formerly known as african chick) at July 30, 2011 05:25 AM (sG+Bw)

111 #108 There's a club? Is there beer? I'm not paying dues. I hate paying dues. Thanks. I'm pretty sure my old friend reacts strictly to "action alerts" from whatever far left orgs he belongs to. Come to think of it he probably belongs to all of them. Pity.

Posted by: still sleepless but getting sleepy at July 30, 2011 05:26 AM (mexsR)

112 How long can you appear on camera and pretend to be in control and pretend to be confident before you finally reach the breaking point ad crack up?

Well... let's see. Obama is a raging narcissist surrounded by boot licking sycophants. I'm pretty sure he can carry his act on for as long as necessary. Because, IMHO, he's a true believer.

And he has lots and lots of people saying "It's Bush's fault!"

Posted by: shibiumi at July 30, 2011 05:32 AM (z63Tr)

113 Also... ArthurK:

What are the numbers from the Great Depression? My guess is the numbers now are closer to those than to Carter.

Posted by: shibiumi at July 30, 2011 05:34 AM (z63Tr)

114 Posted by: progressoverpeace at July 30, 2011 09:28 AM (G/MYk)
Posted by: Vic at July 30, 2011 09:32 AM (M9Ie6)

It bugs the living shit out me when our President bawls legislators out for "politicizing" the debt ceiling debate. Isn't that what politicians are supposed to do? Debate what our tax dollars should be spent on? Like, bridges to nowhere, labs full of engineers studying the flow rate of ketchup, nice pensions for Weiners, etc. And the Tea Party has been successfully branded as a fringe group that wants zero taxes. Isn't that fucking ridiculous? Of course we need tax. Just not tax to pay for all the shit like I mentioned above.

Anyone our President whining a couple weeks ago about examining our tax code and all that tricky financial stuff associated with federal tax dollars? Searched for the sound bite, but just can't find it anywhere.

Seems the time is right to really get into the nitty gritty of just why exactly the Federal Government exists and why this country was created. Seems the Preamble is a pretty good place to start. Maybe that conversation will happen during the primary and Presidential debates. I, for one, would benefit from gaining a deeper understanding of it all, MINUS, of course, any lying liar revisionist bullshit of course. But how to discern that?

Posted by: Tickbeard at July 30, 2011 05:34 AM (lHdBc)

115 I nominate Barack H. McFuckstick for a Nobel Prize in Economics for his work disproving Keynesian theory.

Posted by: t-bird at July 30, 2011 05:36 AM (FcR7P)

116 #110 Here are some related charts. depressing though: http://fskrealityguide.blogspot.com/2011/06/real-gdp-is-crashing-2000-2010.html

Posted by: really sleepy now at July 30, 2011 05:39 AM (mexsR)

117 And the Tea Party has been successfully branded as a fringe group that wants zero taxes. Isn't that fucking ridiculous? Of course we need tax. Just not tax to pay for all the shit like I mentioned above.

Posted by: Tickbeard at July 30, 2011 10:34 AM (lHdBc)

I don't think the Tea Party has been hurt, at all, in all this.  The MFM and the Vichy Right are attacking them, as usual, but I think most people know that it's all bullshit.  Something like 63% of people in one poll said that they didn't want th debt ceiling raised!  This is all just a replay of the last 5 times they all tried to smear the Tea Party and failed miserably.

As to the politics of the debt ceiling, it is the House's - and ONLY the House's - responsibility to turn off the spigot if the federal government grows out of control.  No other part of the federal government has that responsibility.  Without the House initiating new spending (revenue raising, which is necessary for the new spending to be done) nothing can come in over what already comes in.  The only way other arms of the federal government can raise revenues to the federal government, Constitutionally, is to change regulations and existing programs to allow the economy air to breathe and bring more revenues in via increased wealth and production.

/rant off

Posted by: progressoverpeace at July 30, 2011 05:43 AM (G/MYk)

118 "There's a club? Is there beer? I'm not paying dues. I hate paying dues."

What you think AoS would ever unionize? Hell no!

Posted by: The Donkey Show at July 30, 2011 05:45 AM (ijjAe)

119 Thanks, progress. Maybe it is just a couple of my goofy FB friends that make it seem that way. Hard to get enough info on the pulse of the country while filtering BS accurately. Seems to be R = HATE/GREED D=LOVE/GENEROSITY getting pushed really really hard all the time for  a decade or so now. Makes me pretty damned apocalyptic-ally negative from time to time.

Posted by: Tickbeard at July 30, 2011 05:50 AM (lHdBc)

120 ...fskrealityguide.blogspot.com... Posted by: really sleepy now at July 30, 2011 10:39 AM (mexsR) Thanks, I think, now I now why you're sleepy. Turn off your engine and open the garage door!

Posted by: t-bird at July 30, 2011 05:55 AM (FcR7P)

121 "121 ...fskrealityguide.blogspot.com... Posted by: really sleepy now at July 30, 2011 10:39 AM (mexsR) Thanks, I think, now I now why you're sleepy. Turn off your engine and open the garage door!" ----------------------------------------------------------------- Heh Heh. Thanks for the good advice. It is getting stuffy in here. That guy's site is actually pretty interesting. I'll have to look through it later. He appears both deranged and very astute but I'm too tired to read his stuff far enough to suddenly discover if he is a complete raging psychotic like the last economist blog I read... There are many possibly promising economic links further down on that page though.

Posted by: going to sleep now at July 30, 2011 06:12 AM (mexsR)

122 109 I met a traveler from Detroit Chicago, who said Two vast and trunkless legs stand in the slums Near them on the trash a shattered visage lies... Posted by: SurferDoc at July 30, 2011 10:14 AM (STdkO) FTFY!

Posted by: CoolCzech at July 30, 2011 07:06 AM (kUaEF)

123 58 Vic. I was recently in Kalispell, MT at some bbq joint. Couldn't believe that everything was in english, and nothing but white faces.
__________

I was recently in Lima, MT and can't say that. The waitress looked like she had been involved in an explosion at a brown paint factory.

Food was good, though.

Posted by: Anachronda at July 30, 2011 08:36 AM (6fER6)

124 i wonder if the dumbcrats mantra that the tax reciepts as a per cent of gdp is at a all time low; cosidering that the gdp has been down graded for the last 4 years

Posted by: pd at July 30, 2011 02:51 PM (mVdiW)

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