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45220. concerned - 11/10/2012 7:40:06 AM I do have honest talks about race with black people, unlike you. Your reaction to my posting shows this, and you are beholden to a political party that bears the legacy of US racism and even today suppresses the black family and encourages dependency, whereas I support the political party of individual freedom.
Anyway, in the future, try to keep your double standards a couple of notches below blatant hypocrisy, ok? 45221. concerned - 11/10/2012 8:39:13 AM From Mark Steyn, The Edge of the Abyss:
In the course of his first term, Obama increased the federal debt by just shy of $6 trillion and in return grew the economy by $905 billion. So, as Lance Roberts at Street Talk Live pointed out, in order to generate every dollar of economic growth the United States had to borrow about five dollars and 60 cents. There’s no one out there on the planet — whether it’s “the rich” or the Chinese — who can afford to carry on bankrolling that rate of return. According to one CBO analysis, U.S.-government spending is sustainable as long as the rest of the world is prepared to sink 19 percent of its GDP into U.S. Treasury debt. We already know the answer to that: In order to avoid the public humiliation of a failed bond auction, the U.S. Treasury sells 70 percent of the debt it issues to the Federal Reserve — which is to say the left hand of the U.S. government is borrowing money from the right hand of the U.S. government. It’s government as a Nigerian e-mail scam, with Ben Bernanke playing the role of the dictator’s widow with $4 trillion under her bed that she’s willing to wire to Timmy Geithner as soon as he sends her his bank-account details.
If that’s all a bit too technical, here’s the gist: There’s nothing holding the joint up.
So Washington cannot be saved from itself. For the moment, tend to your state, and county, town and school district, and demonstrate the virtues of responsible self-government at the local level. Americans as a whole have joined the rest of the Western world in voting themselves a lifestyle they are not willing to earn. The longer any course correction is postponed the more convulsive it will be. Alas, on Tuesday, the electorate opted to defer it for another four years. I doubt they’ll get that long.
Just wanted to let you Lefties know what the bottom line is regarding what you're being so smug about. What's the German word for pleasure at your own misfortune, Lefties? 45222. resonance - 11/10/2012 8:51:16 AM Well, I'd feel a little funny taking your anecdotal evidence as being worth something, concerned; as generally unhinged as you are about politics I shudder to think what sort of means a man such as you uses to determine who is, and is not, a Democrat.
Thankfully, we don't have to do anything of the sort. Campaign finance laws allow us to track where donations are coming from, and in the case of the defense industry, the results are as unsurprising as you are: two thirds of their support is for Republican candidates, and one third for Democrats -- half as much, if you want to do the math.
OpenSecrets.org
But, seriously, go on ahead with the 'double down on the dumb'. At this rate you'll be arboreal within a year.
45223. concerned - 11/10/2012 5:37:52 PM Re. 45222 -
My 'anecdotal' evidence beats your total lack of the same. And I never said that the laid off personnel were 'all' 0bama voters, anyway - and your info is not dispositive in any way because no correlation has been established.
Your insults are totally gratuitous - typical of a Lefty. 45224. concerned - 11/10/2012 5:59:45 PM Btw, why no concern from the Left over the fact that 0bama has blown $6 trillion dollars in deficit spending for only $900 billion dollars in economic growth over four years and shows no inclination to change? It surely can't be because they are very intelligent in the aggregate.
Even in Keynesian terms, 0bama and the Democrats' economic performance is an abysmal fail, with a resultant multiplier of only about 15%. Since the Keynesian argument that the government can consistently maintain a multiplier of over 1.00 through taxation, borrowing and spending is core to the validity of the welfare state, what 0bama and the Democrats are doing here fails on their own terms, and disastrously so.
This is probably why you never hear Keynesian defenses of current Federal fiscal and monetary policy any more. But just because it's an even worse economic policy than FDR imposed during the Great Depression is no reason to abandon it, to Lefties.
0bama's 'balanced' spending cuts and tax increases are a crock of shit, also. Given the current tenuous economic situation, even very small top marginal tax rate increases will have a disproportionate negative effect on economic activity, easily canceling most, if not all decreases in budgeted spending, and thus, the deficit, and 0bama & Co. know that, if they aren't complete idiots.
Therfore, the concerns about continued economic deterioration as long as the current policies remain in place are very well founded. This is certainly a significant reason that over 500 economists, including 5 Nobel Laureates, formally endorsed Romney's economic policy, because it would have broken the current deteriorating economic trend.
If people like Resonance were nearly as intelligent as I am then they would be exhibiting consternation about this situation also. But no - the only responses they are capable of when faced with facts that would pop their ideological bubbles are ad hominem insults and attempted suppression. 45225. concerned - 11/10/2012 6:04:29 PM 15% = 0.15, for the innumerate. 45226. concerned - 11/10/2012 6:22:19 PM At some point, when the US's balance sheet is significantly worse than that of the European countries in economic crisis (Greece, Spain et al) - in many ways it is already - foreign investment in Treasury notes will become insignificant (30% is approaching that level already), the flight of investment in the US is likely to cause an economic crisis - with further promised devaluations of US credit sure to show up in the next year, it shouldn't take very long for much of this to happen.
At some point, the US government will have to recognize its insolvency. With Bernanke vowing to keep interest rates as low as possible through QE through 2014, the alternative avenue to 'address' the situation may be to devalue the US dollar. Of course, this would be a disaster since the dollar could not possibly remain the world's reserve currency if that was done, if it even still was at that point, so this scenario would be accompanied by a huge flight of foreign investment. Even if QE was abandoned at this point to avoid this, inflationary pressures would become intense and probably unmanageable. Given all this, I would think the US could consider itself lucky if all that happened under 0bama and the Democrat Senate's watch is a return to Jimmy Carter style stagflation. 45227. concerned - 11/10/2012 6:23:26 PM OK, smart lefties - let's see your economic projections. 45228. concerned - 11/10/2012 6:29:08 PM Oh,.... you never thought about such things? Well, you should have before you voted. 45229. concerned - 11/10/2012 6:38:04 PM Here ya go, Lefties - you can see the results of what you voted for here (daily job cuts) 45230. concerned - 11/10/2012 6:38:23 PM Those aren't burger flipper jobs, either. 45231. concerned - 11/10/2012 6:47:38 PM Quick summary of layoffs during the last 3 days:
Layoff numbers
Organization # Laid off Running total Sector Notes
Abbot Labs 700 700 Med Eq/Dev Mfg
AMD 400 1100 Electronics
American Coal 54 1154 Energy
Ameridose 790 1944 Health
Art Gallery of Windsor 12 1956 Art Gallery Canada
Associated Milk Producers Inc 130 2086 Agriculture
ATI 172 2258 Education
Bartikowsky Jewelers 25 2283 Retail Business closure
Boston Scientific 1200 3483 Med Eq/Dev Mfg
Brake Parts LLC 75 3558 Automotive
Bristol-Myers Squibb 479 4037 Health
Career Education Corp 900 4937 Education
Caterpillar 100 5037 Construction Eq
Center for Hospice and Palliative Care 40 5077 Health
Cigna 1300 6377 Health
Community Newspaper Holdings Inc 21 6398 Media
Covidien 595 6993 Health
Crouse Hospital Syracuse 70 7063 Health
CVPH 17 7080 Health
Dana Holding Corp 7 7087 Automotive
DuPont 64 7151 Defense Kevlar/Nomex plant
Energizer 1500 8651 Energy
Ericsson 1550 10201 Consumer Electronics Cuts in Sweden
Exide 150 10351 Energy
Gameforge Berlin 20 10371 Online Games Cuts in Germany
Groupon 600 10971 Consumer
Hawker Beechcraft 410 11381 Aerospace
Hill-Rom 200 11581 Med Eq/Dev Mfg
Husqvarna 600 12181 Tools Cuts in Sweden
ING 2350 14531 Finacial Services
Kinetic Concepts 427 14958 Health
Lightyear Network Solutions 14 14972 Software/internet
Majestic Star Cassino 80 15052 Entertainment
Medtronic 500 15552 Med Eq/Dev Mfg
Mills Manufacturing 68 15620 Defense
Momentive Performance Materials 150 15770 Chemicals
Murray Energy Corporation 48 15818 Energy
New Energy 40 15858 Energy
OCE 135 15993 Office equip
Penn Refrigeration 40 16033 Commercial Service
PerkinElmer 66 16099
Providence Journal 23 16122 Media
Research in Motion 200 16322 Consumer Electronics
Smith & Nephew 770 17092 Med Eq/Dev Mfg
Southeastern Container 15 17107 Consumer
Space X 100 17207 Defense
SRA International 222 17429 IT Federal contractor
St Jude Medical 300 17729 Health
Stryker 96 17825 Med Eq/Dev Mfg
TE Connectivity 620 18445 Electronics
Teco Coal Corporation 90 18535 Energy
TurboCare 88 18623 Energy
U.S. Cellular 980 19603 Electronics
Umatilla Chemical Depot 34 19637 Defense
UtahAmerican Energy 102 19739 Energy
Vestas 3000 22739 Energy
Welch Allyn 275 23014 Med Eq Mfg
West Ridge Mine 102 23116 Energy
Westinghouse 17 23133 Hi Tech Services
Westinghouse Anniston 50 23183 Defense
Wright-Patterson 115 23298 Defense
Yakima Regional Medical Center 10 23308 Health
45232. concerned - 11/10/2012 6:47:49 PM Layoffs without exact number specified
Organization % Laid off Sector Notes
Boeing Defense, Space & Security 30 Defense Executive Staff
Corning 4 Manufacturing Executive Staff
EMD Millipore 2 Biotech
Plexus Corp Manufacturing
Saugerties, NY Government
SCA Paper products
Slidell, LA Government "Will try to spread equally"
Standard Bank Group 10-15 Banking London
United Blood Services 10 Health All staff
Wilkes-Barre, PA Government Firefighters
Worker Reduction In Scheduled Time (to below ObamaCare threshold)
Organization % WRIST # Affected Sector Notes
Darden Restaurants Food service
JANCOA Janitorial Services Janitorial Service
Kroger Grocery
You did a hell of a job on Tuesday, Lefties. Hell of a job. 45233. judithathome - 11/10/2012 7:33:35 PM Hey, your side lost...get over it.
And for YOU to say you are more honest and have more honest interaction with "your" black acquaintances than does Arky is laughable, to put it mildly...evidently you glossed over the fact she teaches in rural Arkansas.
I thought maybe you'd have been humbled by the election results...the way YOU kept chiding US to be after Bush won twice....but no....you're blathering and spewing hatred worse than before.
God, I'd hate to see you if Romney had WON!
45234. iiibbb - 11/10/2012 8:20:08 PM Just think Concerned... if they'd just laid these people of a month or two ago... unemployment would've been above 8% and Romney would be president. 45235. arkymalarky - 11/11/2012 12:07:31 AM Would Con'd in victory be prettier than Con'd in defeat? I doubt it, but it would be a lot less entertaining.
And I live and work and interact in a very integrated environment. Not that I owe you any explanation as to why I find racial stereotypes obnoxious. 45236. arkymalarky - 11/11/2012 12:08:37 AM Ooooh, what Judith said! 45237. judithathome - 11/11/2012 1:22:29 AM Great minds! ;-) 45238. winstonsmith - 11/11/2012 11:41:24 PM Just read this on politico. It rings true to me. Entertainers like Limbaugh make millions espousing extreme positions that make good political theater but foment division rather than a solution- oriented conservative movement.
On the night of Nov. 6, shortly after President Barack Obama won reelection, Steve Schmidt went on NBC News and called on GOP leaders to “stand up” against the extreme elements in the party that the Republican strategist believes are leading it down the wrong path, even singling out Limbaugh by name. Days later on MSNBC, Joe Scarborough criticized Republicans for taking cues from unnamed pundits “who make tens of millions of dollars engaging in niche marketing” that the host complained provides a misleading picture of the nation’s electorate. Columnist David Frum last week slammed the “conservative entertainment complex” that had “fleeced, exploited and lied to” Republicans, ensuing doom on Election Day.
“These people have made politics a theater for identity politics for a segment of America, rather than a way to solve collective problems,” Frum told POLITICO, referring to conservative media commentators. “What is happening now, and it’s disturbing, is that this complex has sold the idea that conservatives are the real majority in America. That claim has been exposed as false. But they are turning on the country and leading their viewers toward alienation and rejection.”
45239. arkymalarky - 11/12/2012 2:05:46 AM They have marginalized themselves by wallowing in that media, and have so shackled GOP candidates with extreme primaries that gerrymandering by conservative state legislatures, allowing them to maintain control of the House, is all that's lending them any relevance at all, and that's ironically increasing their unpopularity as they become ever more intransigent.
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