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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. 45240. arkymalarky - 11/12/2012 2:07:29 AM How many House seats did the Dems gain? 45241. judithathome - 11/12/2012 2:37:05 AM Copy of something from my forum:
This is interesting. Think of all the stories behind the election.
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Mitt Romney's disastrous ground game and 7 other behind-the-scenes revelations
Romney's get-out-the-vote operation was comically inept. Obama barely prepared for the first debate. Romney spent $25,000 on victory fireworks. And more!
The presidential election is over, but the real story behind the race is only just emerging. After months of enough spin to make a washing machine envious, members of the campaigns are starting to let down their guard and dish some dirt to media outlets. From Mitt Romney's embarrassingly ineffective get-out-the-vote operation to President Obama's peevish attitude toward the debates, post-election autopsies have given political junkies a lot to mull over before they, yes, turn to the 2016 race. Here, eight behind-the-scenes revelations from the campaign:
1. Romney was shellshocked by Obama's victory
Romney genuinely believed that he would become the nation's 45th president, and was "shellshocked" by his landslide loss. "I don't think there was one person who saw this coming," one senior adviser told Jan Crawford at CBS News. Why was Team Romney so certain of victory? They simply did not believe that younger voters and minorities would turn out the way they did in 2008. "As a result," says Crawford, "they believed that the public/media polls were skewed" in Obama's favor, and rejiggered them to show Romney with "turnout levels more favorable to Romney."
In essence, Romney "unskewed" the polls, mirroring widely mocked moves by conservatives to show their candidate with a lead, epitomized by the now-infamous website UnskewedPolls.com. Romney's defenders say he had plausible reasons to believe Obama's turnout would be lower; less charitable commentators say Romney and his aides were stuck in a conservative media echo chamber at odds with reality.
2. Obama's get-out-the-vote operation was amazing
Obama's ground game relied on "an extraordinarily sophisticated database packed with names of millions of undecided voters and potential supporters," says The New York Times. The database allowed Obama's army of field workers to target new voters, register them, and get them to the polls. On Election Day, it became clear that the Obama campaign had altered "the very nature of the electorate, making it younger and less white," says The Times. "The power of this operation stunned Mr. Romney's aides on election night, as they saw voters they never even knew existed turn out in places like Osceola County, Fla."
(cont'd)
45242. judithathome - 11/12/2012 2:38:07 AM (cont'd)
3. Romney's get-out-the-vote operation was hopeless
The Romney campaign "came up with a super-secret, super-duper vote monitoring system that was dubbed Project Orca," says Byron York at The Washington Examiner. The so-called "mega-app for smartphones" was supposed to "link the more than 30,000 operatives and volunteers involved in get-out-the-vote efforts," in a bid to coordinate everyone's efforts and maximize turnout, say Maggie Haberman and Alexander Burns at Politico.
But Project Orca was a complete and utter failure. The program crashed on Election Day, which meant that "workers on the ground didn't know what doors to knock on," say Haberman and Burns. The campaign was flying blind, relying on CNN and other media outlets to track turnout. "The end result," says John Ekdahl, a Romney campaign worker, at Ace of Spades*, "was that 30,000+ of the most active and fired-up volunteers were wandering around confused and frustrated when they could have been doing anything else to help."
4. Obama underestimated Romney's debating prowess
In the run-up to the first presidential debate, Obama "displayed little concern" about the challenge ahead of him, and "his impatience with the exercise was evident," says The Times. He ended up walking "into a trap that Mr. Romney's advisers had anticipated: His antipathy toward Mr. Romney — which advisers described as deeper than what Mr. Obama had felt for John McCain in 2008 — led the incumbent to underestimate his opponent as he began moving to the center before the debate audiences of millions of television viewers." As a result, the president spent the rest of the campaign making up for "what was arguably the most dismal night of Mr. Obama's political career."...
The Week
*Ace must be flipping his lid! 45243. Wombat - 11/12/2012 4:51:07 AM Take a gander at the Ace of Spades web site to get an idea of the horror.
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