sidestep what, doctor?
this grand era of expansion and growth mr obama has brought us to?
using his pretty keynes textbook, the bill for 100 years of which deficit spending apparently can no longer be shunned?
sidestep michigan?
sidestep mere service on the debt, INTEREST ALONE, to approach ONE TRIL PER YEAR by 2016?
sidestep deficits in excess of 10% of gdp, causing keynes to keel over in his sarcophagus?
nothing new under the sun since THE THIRTIES?
who's sidestepping?
interest alone to approach one tril per year in half a decade
unsustainable, doctor
2015, 2016...
a tril per year, interest alone
"well, we'll just have to raise those taxes, that's all"
voila!
LOL!
those macro stabilizers of yours just don't seem to have GOTTEN THE JOB DONE
i mean, empirically
at least, NOT THIS TIME
explain how we're gonna come up with a tril a year to service the debt almost as soon as tomorrow
ooh, that's an awful lot of inflation
sounds painful
what happened to those damned macro stabilizers?
why don't you?
and while you're at it, why not calculate the exact locus of the failure of all those macro stabilizers, damn their coherence?
cuz THIS ONE's bad, i mean, REAL bad
maybe the worst of all time
and NOT JUST in michigan
THAT's what happened to those damned stabilizers?
not much of an ANSWER
doctor
LOL!
and while you're at it, why not calculate the exact locus of the failure of all those macro stabilizers, damn their coherence?
what happened to all that coherent macro stabilization policy?
you mean, they didn't WORK?
Discretionary spending is up 50%? What is this based on?????
The S&P is up 30% from this point last year, and this does not even cover the March lows in which we could see that number climb past 50%.
Consumer discretionary is already up 50% and can expect that number to climb towards 100% in March.
How about housing?
---------------------------------------------------------
As we can clearly see, asset prices have stabilized as they are the first to reflect dynamics.
Next up is capital investment (the big I in the GDP identity), followed by labor investment (which makes up quite a bit of the big C in the GDP identity).
Discretionary spending is up 50%? What is this based on?
What for, he promised.Don't you think you kinda jumping the gun here? He is just looking at ideas that is all.
well, normative discussions aside...
it appears that those "keynesian stabilization policies," so integral to the avoidance of all those recessions and depressions which occurred so frequently prior to reagan, didn't quite GET THE JOB DONE in 2008 and 2009
but 2010 is gonna be all DIFFERENT!
as soon as we get that UNEMPLOYMENT down to 8.9%!
why, then we'll be able to take on the ONE TRIL OF INTEREST per year that comes due on all that keynesianism starting in about 2015
so gratified we all are that s&p is up 30%---FROM HADES
and housing---300,000 foreclosures in january, 11th dreadful month in a row, with no end in sight, says realtytrac
housing sales in december down 17%, worst month in 40 years, no end in sight
obama's mortgage relief program isn't working
unfortunately, RETAIL SALES fell in DECEMBER, the month of consumerism, indicating a continued drag on CONSUMER spending which even keynes (bless his deficit loving heart) recognizes as critical to recovery
CNN money said:Retail sales rose in January, driven by strength in discount retailers and online merchants, according to a government report Friday.
The Commerce Department said total retail sales edged up 0.5% to $355.8 billion last month, compared with December's revised decline of 0.1%. Economists surveyed by Briefing.com had anticipated that January sales would grow 0.3%.
The year-to-year increase was more impressive. January retail sales jumped 4.7%, compared to the same month in 2009.
Consumer spending accounts for two-thirds of U.S. economic activity, and related reports such as retail sales are used to gauge whether a recovery is underway.
Sales excluding autos and auto parts rose 0.6% last month. A consensus of economists had projected ex-auto sales to rise 0.5% in January.
still, as soon as we turn that corner, as soon as unemployment hits EIGHT POINT NINE PERCENT...
golden!
LOL!
Are you done ranting yet? My money says no, it has only just begun. Once unemployment falls below 9%, i can only imagine the envious partisan bicker. :2wave:
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