Will Europe’s problems become our problems?
Yikes.
In recent months, I’ve begun to feel just a wee bit more optimistic about the economy, and the weekend shopping figures seem to justify that sentiment. Hiring seems to be picking up a bit as well. The biggest remaining obstacle to continued recovery would seem to be the ongoing economic problems in the Eurozone. If that challenge could be managed, we might be alright heading into 2012.
Unfortunately, numbers released last week revealed that new manufacturing orders in Europe had fallen by 6.4 percent, a decline comparable to the collapse of 2008. And what does this mean for those of us on this side of the Atlantic? How much protection does thousands of miles of ocean provide?
Tim Duy at Fed Watch compares how U.S. output has historically tracked that of Europe and concludes that Europe’s decline could have a serious impact here, and none of it good:
Of course, since this is all Barney Frank’s fault and has nothing to do with an international debt crisis driven by an historic spree of irresponsible lending and borrowing, it’s all going to get better now that Frank has announced his retirement.
So we’ve got that going for us. Which is nice.
– Jay Bookman
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St Simons - we're on Island time
November 29th, 2011
10:00 am
Year 2000- When Sociopaths Stole an Election and Took Over the World
Butch Cassidy
November 29th, 2011
10:01 am
Before the party faithful start bitching about “over regulation” please chew on the following:
DeregulationFurther information: Government policies and the subprime mortgage crisis
Critics such as economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner have argued that the regulatory framework did not keep pace with financial innovation, such as the increasing importance of the shadow banking system, derivatives and off-balance sheet financing. In other cases, laws were changed or enforcement weakened in parts of the financial system. Key examples include:
Jimmy Carter’s Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) phased out a number of restrictions on banks’ financial practices, broadened their lending powers, and raised the deposit insurance limit from $40,000 to $100,000 (raising the problem of moral hazard).[73] Banks rushed into real estate lending, speculative lending, and other ventures just as the economy soured.[citation needed]
In October 1982, U.S. President Ronald Reagan signed into law the Garn–St. Germain Depository Institutions Act, which provided for adjustable-rate mortgage loans, began the process of banking deregulation,[citation needed] and contributed to the savings and loan crisis of the late 1980s/early 1990s.[74]
In November 1999, U.S. President Bill Clinton signed into law the Gramm–Leach–Bliley Act, which repealed part of the Glass–Steagall Act of 1933. This repeal has been criticized for reducing the separation between commercial banks (which traditionally had fiscally conservative policies) and investment banks (which had a more risk-taking culture).[75][76]
In 2004, the U.S. Securities and Exchange Commission relaxed the net capital rule, which enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages. The SEC has conceded that self-regulation of investment banks contributed to the crisis.[77][78]
Financial institutions in the shadow banking system are not subject to the same regulation as depository banks, allowing them to assume additional debt obligations relative to their financial cushion or capital base.[79] This was the case despite the Long-Term Capital Management debacle in 1998, where a highly-leveraged shadow institution failed with systemic implications.
Regulators and accounting standard-setters allowed depository banks such as Citigroup to move significant amounts of assets and liabilities off-balance sheet into complex legal entities called structured investment vehicles, masking the weakness of the capital base of the firm or degree of leverage or risk taken. One news agency estimated that the top four U.S. banks will have to return between $500 billion and $1 trillion to their balance sheets during 2009.[80] This increased uncertainty during the crisis regarding the financial position of the major banks.[81] Off-balance sheet entities were also used by Enron as part of the scandal that brought down that company in 2001.[82]
As early as 1997, Federal Reserve Chairman Alan Greenspan fought to keep the derivatives market unregulated.[83] With the advice of the President’s Working Group on Financial Markets,[84] the U.S. Congress and President allowed the self-regulation of the over-the-counter derivatives market when they enacted the Commodity Futures Modernization Act of 2000. Derivatives such as credit default swaps (CDS) can be used to hedge or speculate against particular credit risks. The volume of CDS outstanding increased 100-fold from 1998 to 2008, with estimates of the debt covered by CDS contracts, as of November 2008, ranging from US$33 to $47 trillion. Total over-the-counter (OTC) derivative notional value rose to $683 trillion by June 2008.[85] Warren Buffett famously referred to derivatives as “financial weapons of mass destruction” in early 2003
kayaker 71
November 29th, 2011
10:03 am
And Bozo won the Nobel Peace Prize…..
BWHAHAHAHAHAHAHAHAH
Soothsayer
November 29th, 2011
10:04 am
American Airlines has just filed for bankruptcy protection.
Jimmy62
November 29th, 2011
10:05 am
Didn’t Obama explicitly promise he wouldn’t run again if unemployment was still over 8%?
Oh yeah, he did, in February 2009, when employment was at 8.2 percent, Obama declared, “If I don’t get this done in three years, then this is going to be a one term proposition.”
That three year mark is in a few months. Somehow I think this is going to be another promise he’s not going to keep, unfortunately for America and humanity.
RB from Gwinnett
November 29th, 2011
10:06 am
“If financial institutions make bad lending decisions, then such a borrowing problem is most assuredly a lending problem, regardless of whether the borrowers are individuals, businesses or nations.”
Joe, if you can’t figure out the difference in the federal debt problem and the bad real estate loans that drove the economic collapse, you should avoid posting on the issue. Your circlar logic posted above is pointless. They are different issues entirely, yet somehow you want to lump it all under “Bush’s fault”. In short, you’re clueless.
And for the record, a large share of the federal debt and spending problem IS Bush’s fault (and the R congress he enjoyed)
Recon 0311 2533
November 29th, 2011
10:06 am
The NOBEL Prize doesn’t bestow Sainthood it’s mostly handed out based more on political subjectivity than recognized accomplishment based objectivity. Paul Krugman’s economics expertise exists mostly in the minds of his far left worshipers.
kayaker 71
November 29th, 2011
10:06 am
Sooth,
I have played that video that you posted last night several times and sent it to several friends. Can’t remember one that I have enjoyed more.
Butch Cassidy
November 29th, 2011
10:07 am
Jimmy62 – “Didn’t Obama explicitly promise he wouldn’t run again if unemployment was still over 8%?”
No, he didn’t. Do a llittle more research and you will find where that quote came from.
Doggone/GA
November 29th, 2011
10:08 am
“Paul Krugman’s economics expertise exists mostly in the minds of his far left worshipers”
Paul Krugman’s lack of economics expertise exists mostly in the minds of his far right detractors
Welcome to the Occupation
November 29th, 2011
10:08 am
Butch Cassidy, you’re right. The curse of the mania for deregulation (’neoliberalism’), though it didn’t really get its legs until under Reagan / Thatcher / Pinochet, actually got started under Jimmy Carter.
Lord Help Us
November 29th, 2011
10:09 am
‘Obama declared, “If I don’t get this done in three years, then this is going to be a one term proposition.”’
No, he was predicting there wouldn’t be any way he would be re-elected. Unfortunately, with the stooge parade running for the GOP nomination, he may get easily reelected anyway…
getalife
November 29th, 2011
10:09 am
When the walls come tumbling down, you get to see the economic reckoning and what a police state looks like.
Enjoy your failed ideology cons.
WOODSTOCK MIKE
November 29th, 2011
10:09 am
I thought Obama was going to fix the reputation of America in the middle east? Oh, that was just more liberal lies…
“Dempsey, chairman of the Joint Chiefs of Staff, said that the average Pakistani’s respect for the United States is lower than ever. “[The average Pakistani who] doesn’t know the United States, doesn’t read about the United States or just watches something on television about the United States, at that level, [the relations] are probably the worst they’ve ever been,” he explained, according to the American Forces Press Service.
He added that the relationship between the U.S. government and Pakistan’s government is “on about as rocky a road as I’ve seen.”
Soothsayer
November 29th, 2011
10:10 am
Kayaker: it’s powerful stuff.
For those of you who missed it last night, here it is again. If you don’t like it, I’ll give you your money back!
ragnar danneskjold
November 29th, 2011
10:11 am
Almost right – until Dodd-Frank enshrined “too big to fail” into law, those who purchased European sovereign debt could have been allowed to fail, a la the Bush administration treatment of Lehman Brothers. Thank Barney and the rest of the democrats who inflicted Dodd-Frank onto the taxpayers.
Granny Godzilla
November 29th, 2011
10:12 am
Jimmy62
Really?
Woodstock Mike
Pakistan is the entire Middle East?
Lord Help Us
November 29th, 2011
10:12 am
‘I thought Obama was going to fix the reputation of America in the middle east? Oh, that was just more liberal lies…’
Yes, Pakistan liked us better when we were allowing them to harbor OBL…Damn Obama…
WOODSTOCK MIKE
November 29th, 2011
10:13 am
“When the walls come tumbling down, you get to see the economic reckoning and what a police state looks like.”
I tell you what’s scary, liberals actually want the US to fail, they want riots in the streets, they want protestors marching in Washington DC, they want America to be weaker, what a strange point of view…
Brosephus
November 29th, 2011
10:13 am
American Airlines has just filed for bankruptcy protection.
It’s Obama’s fault!!!!!
WOODSTOCK MIKE
November 29th, 2011
10:14 am
“Woodstock Mike
Pakistan is the entire Middle East?”
Hi Granny, please do tell which nation in the Middle East thinks better of America now?
barking frog
November 29th, 2011
10:15 am
Pakistan has the ‘bomb’. We will invade.
WOODSTOCK MIKE
November 29th, 2011
10:15 am
“American Airlines has just filed for bankruptcy protection.
It’s Obama’s fault!!!!!”
Come on Brosehus, nothing is Obama’s fault!! It’s Bush silly…
getalife
November 29th, 2011
10:15 am
The gop want cain to drop out and finally figured out he is a joke.
cons are the slowest Americans..
Lord Help Us
November 29th, 2011
10:16 am
‘liberals actually want the US to fail, they want riots in the streets…’
What scares me are people that exhibit their ignorance with statements like this…
Butch Cassidy
November 29th, 2011
10:16 am
Welcome to the Occupation – “Butch Cassidy, you’re right. The curse of the mania for deregulation (’neoliberalism’), though it didn’t really get its legs until under Reagan / Thatcher / Pinochet, actually got started under Jimmy Carter.”
Exactly, our current economic situation has been over 35 years in the making, and is due in large part to lax regulation, poor oversite of existing regulation and letting financial entities police themselves. But despite the country almost falling into a worse depression than in the 1930’s, people and particularly the current batch of GOP candidates still cling to the idea that if we just get rid of regulations, and let businesses police themselves, everything will be hunky dory.
Mary Elizabeth
November 29th, 2011
10:16 am
Kayaker 71 @ 10:03,
I don’t think the Award Committee for the Nobel Peace Prize called him “Bozo.” Your doing so, nullifies your opinion, in my assessment.
Those who cannot see why Barack Obama was awarded the Nobel Peace Prize will probably never see. And if you do see why, you will also understand the timing of it. Hint: I believe the award was given for reasons that well superseded his having been elected President of the U.S.
Normal
November 29th, 2011
10:16 am
Correct me if I’m wrong, but one of the main problems with Europe is that the Banks don’t want to take a loss on their loans to EU. If that is true and the Governments can’t make the banks accept these losses, how can the EU prevent what will have to happen? And if the fact that the EU will fail is true, what is our Government doing to lessen the strain on us? What will the Government do to protect the innocent victims, the 99% of this country from ruin?
It looks to me that we are past austerity cuts and such. That should have happened long ago, but now we are standing on a dry beach watching a tidal wave come our way. There still might be time to get to higher ground but time is running out. Our life boat is higher taxes and social cuts, one to one. There is no other way and we need to act now, if not sooner. Otherwise the winner will be the country with the most reserves and that won’t be the USA.
RB from Gwinnett
November 29th, 2011
10:16 am
“I thought Obama was going to fix the reputation of America in the middle east? Oh, that was just more liberal lies…”
I guess overthrowing 2 middleeastern governments in 3 years isn’t making them all like us. If what Bush was doing was called “meddeling”, I wonder that they call Obama’s approach?!!! What a frigging joke!!! And the sheep keep following blindly….
too little time
November 29th, 2011
10:17 am
Europe’s problems are most certainly going to affect us here in the U.S. Will it become our problem? No. We will suffer, but (like Germany), there is no way we are going to subsidize the European socialist welfare state (retiring at age 55 to a beach on the Mediterranean) when our own citizens are looking at age 70 for retirement with worthless Medicare vouchers for healthcare.
Mick
November 29th, 2011
10:18 am
**please do tell which nation in the Middle East thinks better of America now**
Libya, for starters…
Butch Cassidy
November 29th, 2011
10:19 am
ragnar – “Thank Barney and the rest of the democrats who inflicted Dodd-Frank onto the taxpayers.”
Yeah, except for the part of the act that explicitly requires that financial institutions that get into trouble are required to have enough capital reserves to right themselves without taking money from the taxpayers. Guess you missed that part of the bill.
Brosephus
November 29th, 2011
10:21 am
Mike
How about a compromise? We’ll blame it on Barack W Obash.
Butch Cassidy
November 29th, 2011
10:22 am
WOODSTOCK MIKE – “please do tell which nation in the Middle East thinks better of America now?”
Which ones thought better of us before?
Granny Godzilla
November 29th, 2011
10:24 am
Woodstock Mike
Everybody but Pakistan…..
Granny Godzilla
November 29th, 2011
10:24 am
RB
Bless your heart
barking frog
November 29th, 2011
10:26 am
American Airlines was evidently scared by the President’s
rescue of General Motors since they waited this long to
dump their Unions and Pensions.
Joe Hussein Mama
November 29th, 2011
10:27 am
Stevie Ray — “Also, since GORE and OBAMA got NOBELS as well (first for what will prove to be hoax and latter for …..well getting elected i guess) I think the Nobels should go back to dynamite manufacturing..”
Those grapes sour, are they?
barking frog
November 29th, 2011
10:29 am
goodness! I think i was almost hit by a piece of falling sky…
Welcome to the Occupation
November 29th, 2011
10:31 am
Butch Cassidy, yep, I agree.
“Exactly, our current economic situation has been over 35 years in the making, and is due in large part to lax regulation, poor oversite of existing regulation and letting financial entities police themselves. ”
And I would argue it’s due to an highly targeted and concerted effort — waged by financial interests — to roll back the entire New Deal regime — an all out “class war” if you like. And it has obviously succeeded beyond their wildest dreams.
“But despite the country almost falling into a worse depression than in the 1930’s [..the GOP keep parroting the same ol same ol]”
I would argue that we’re already in that depression. And yes, the absolute bankruptcy of the Republican party is staggering. It’s so vast and so towering that it’s easy just not to see it altogether.
kayaker 71
November 29th, 2011
10:31 am
ME;,
Even bozo was surprised by he award. It was the laughing stock award of the year. A Peace Prize? For what? Sending troops to Africa, flying sorties over Libya?…. and don;t give me this BS about winding down in Iraq and Afghanistan. That was planned long ago, before Bozo was a player. The Nobel Committee is a liberal think tank, intent on awarding those whose political philosophy is in line with their own. Nobel Peace Prize? ….. when there were so many other more deserving candidates? What a joke.
barking frog
November 29th, 2011
10:33 am
Iranians attacked the British Embassy, oops!, they must think
they’re fooling with folks like the US, they are wrong.
Joe Hussein Mama
November 29th, 2011
10:34 am
RB — “Joe, if you can’t figure out the difference in the federal debt problem and the bad real estate loans that drove the economic collapse, you should avoid posting on the issue.”
RB, if you can’t be polite, then go sit quietly in your room. Adults are trying to have a conversation here.
“Your circlar logic posted above is pointless.”
It’s not *my* circular logic. It’s *yours.* I’m just pointing it out. (laughing)
“They are different issues entirely, yet somehow you want to lump it all under “Bush’s fault”.
I didn’t say anything about “it all” or anything approaching it. I simply quoted two things *you said* in a single post and pointed out their interrelationship. Your frantic handwaving and dishonest attempts to put words in my mouth do not obviate the fact that you stepped on your own crank, RB.
“In short, you’re clueless.”
And you’re inattentive and dishonest. Go to your room, young man.
“And for the record, a large share of the federal debt and spending problem IS Bush’s fault (and the R congress he enjoyed)”
Soshulist. Commie. Go eat some worms. (laughing)
USMC
November 29th, 2011
10:36 am
They don’t call you guys jarheads for nothing! –Mick
Says the guy who couldn’t cut it and settled for the Coast Guard… At least you guys have good coffee and donuts. LOL!
“I was referring to infrastructure. Welfare? It’s a mess, so I’d rather be spending the money having people doing some work for a paycheck, you know bring back the wpa or ccc anything for people to get up, work, and get a check…”–Mick
Mick, unfortunately you are about eighty years too late. Surely you understand that spending money that we DON’T have on bloated union infrastructure jobs that will likely include ILLEGAL labor won’t cure our SPENDING PROBLEM…
Or didn’t they give you guys a basic Econ 101 class at Trade School???
Jm
November 29th, 2011
10:36 am
Egyptian religious extremists take over, liberals applaud
American religious folks get ridiculed by the liberal left
What a joke
Butch Cassidy
November 29th, 2011
10:37 am
kayaker71 – “Even bozo was surprised by he award. It was the laughing stock award of the year. A Peace Prize? For what? Sending troops to Africa, flying sorties over Libya?”
Wow, the NOBEL folks knew of these events before they even occured? Amazing, do you have proof of their super secret advances in time travel, or did you happen to witness Doc Brown and the flying Delorean disappear one day?
USMC
November 29th, 2011
10:39 am
“When the walls come tumbling down, ….”–Getalife
And that is exactly what you will see Saturday night when the Georgia Bulldogs Upset the #1 BCS ranked Bayou Bengals!
Granny Godzilla
November 29th, 2011
10:40 am
Jm
I’d like to see a jello wrestling match between the Christian Coalition and the Muslim Brotherhood.
We’d both applaud, eh?
USMC
November 29th, 2011
10:41 am
“Of course, since this is all Barney Frank’s fault and has nothing to do with an international debt crisis driven by an historic spree of irresponsible lending and borrowing, it’s all going to get better now that Frank has announced his retirement.”–Jay Bookman
It has been a rough week on the Gay community…
First it was Jerry Sandusky at Penn State, then Bernie Fine at Syracuse…… now Barney Frank.
Truthbe
November 29th, 2011
10:41 am
America shouldn’t bailout Europe, Africa, Asia, or the MiddleEast period. America needs to take care of it’s own house first than help others. Why, because we have been the savior of the Nations for too long. Maybe Obama’s and GE’s best friend Communist Red China could bailout the World sinse they have all the money now? Our own Country is falling anpart under this Obama Administration and the Clowns in the Senate and Congress don’t have a clue. You have the OWS trash all over the Country will their Communist backers making more trouble will our Vacationer -in-Chief looks on.
barking frog
November 29th, 2011
10:42 am
Iran and Pakistan now have us trapped in Afghanistan
with no access to the Arabian Sea, however being surrounded
we can now attack in all directions, right USMC ?
jewcowboy
November 29th, 2011
10:43 am
Will Europe’s problems become our problems?
Haven’t Europe’s problems always becomes ours, at least throughout the 20th century? Why should we think the 21st will be any different?
Mick
November 29th, 2011
10:43 am
usmc
Crack a history book or two and brush up on the new deal then get back to me. Oh, and please got to confession, say three hail mary’s and two our fathers and cast out that anti union demon within…
USMC
November 29th, 2011
10:45 am
“Iran and Pakistan now have us trapped in Afghanistan
with no access to the Arabian Sea, however being surrounded
we can now attack in all directions, right USMC ?”–Kermit the Frog
You could read up on Chesty Puller, but that’s probably above your pay grade.
May be your friends at Occupy Wall Street/Atlanta can help you with that one.
Lord Help Us
November 29th, 2011
10:48 am
USMC, I ignored your bigotry yesterday, but won’t today.
Between 1992 and 2000 there were over 366,000 attempted or completed rapes and sexual assaults ( the stats for the most recent years are probably not far off).
Of these 366,000 cases, 94% were male committed by males on females.
Not a good decade for heterosexuals…bigot.
barking frog
November 29th, 2011
10:50 am
USMC, I have read up on Chesty Puller and he was above
my pay grade…you…not so much..but I have never been a
class warrior just a warrior with no class….Recon ..now he
says marines love to be surrounded..frees the inability to
use a compass
Normal
November 29th, 2011
10:51 am
USMC
November 29th, 2011
10:41 am
Gays are not pedophiles. Pedophilia is a disease, a sick disgusting mental disease.
You are showing your prejudices and owe Gay men and women an apology.
RB from Gwinnett
November 29th, 2011
10:53 am
Joe, there is nothing wrong, erroneous, or dishonest about anything I posted. The problem is with your reading comprehension, dude.
And apparently, nothing anybody posts is going to help you fix that. It’s like your adament you’re going to remain clueless no matter what anybody posts.
Butch Cassidy
November 29th, 2011
10:54 am
Here Truthbe, maybe this will give you a better understanding as to why China owns so much of our debt. By the way, you may want to take note that the date on this article precedes the Obama administration by 3 years:
Borrowing Money From China: The Blowback Begins
January 10, 2006
This morning brings some bad news for the U.S. economy: China is going shift some of its foreign exchange reserves out of U.S. dollars and into either the Euro or the Yen. China currently holds more than $800 billion U.S. dollars; dumping even a fraction of those dollar is going to cause ripples in the U.S. economy — the dollar is going to fall, interest rates will rise and the housing market bubble could collapse.
As China’s manufacturing industries flood the world with cheap goods, the Chinese central bank has invested roughly three-fourths of its growing foreign currency reserves in U.S. Treasury bills and other dollar-denominated assets. The new policy reflects China’s fears that too much of its savings is tied up in the dollar, a currency widely expected to drop in value as the U.S. trade and fiscal deficits climb.
China now boasts the world’s second-largest cache of foreign exchange — behind only Japan — and is on pace to see its reserves climb past $1 trillion later this year. Even a slight diminishing of the dollar as a percentage of those holdings could exert significant pressure on the U.S. currency, many economists assert.
In recent years, the value of the dollar has been buoyed by major purchases of U.S. Treasury bills by Japan, China and oil-exporting countries — a flow of capital that has kept interests rates relatively low in the United States and allowed Americans to keep spending even as debts mount. Some economists have long warned that if foreigners lose their appetite for American debt, the dollar would fall, interest rates would rise and the housing boom could burst, sending real estate prices lower.
The comments of the Chinese senior economist, made on the condition of anonymity because the government disciplines those who speak to the press without express authorization, confirmed an analysis in Monday’s Shanghai Securities News stating that China is inclined to shift some its savings into other currencies such as the euro and the yen, or into major purchases of commodities such as oil for a long-discussed strategic energy reserve.
This is the direct result of borrowing from China to finance the Iraq War, which is not (as was promised by the Bush administration) going to pay for itself. Recent reports show that United States consumers have a negative savings rate, that is, they are saving nothing but adding credit card debt at an alarming pace. This is a recipe for economic disaster, because the engine of the U.S. economy is fueled by the buying of the consumer.
Mary Elizabeth
November 29th, 2011
10:54 am
kayaker 71 10:31
Based on the words of your post, I see that you do not do subtlety.
Of course, the president was not going to accept the award with braggadocio. He was going to accept the award with humiltity, and he spoke words, regarding receiving the award, that most citizens of the world would understand.
However, if one bothers to peel the onion of his consciousness a little deeper, I believe that he not only has deep, genuine humility, but that he also has an elevated consciousness that fully understands why he was given that award. He would find it offensive to praise himself.
Brosephus
November 29th, 2011
10:54 am
Lord Help Us & USMC
Couldn’t say much more. I would say that I was surprised by that comment, but coming from that poster, it’s pretty much on par with what I’d expect.
barking frog
November 29th, 2011
10:54 am
Lord Help Us, Normal are you trying to limit the freedoms
of the Gay community by not allowing them to have their
own pedophiles ?
jewcowboy
November 29th, 2011
11:00 am
“but coming from that poster, it’s pretty much on par with what I’d expect.”
Bingo!
“I couldn’t join a party that, frankly, tolerates members who are bigots for one thing, homophobes, racists.” ~ Ron Reagan
Jm
November 29th, 2011
11:01 am
Granny. I think a jello wrestling match would be hilarious
What I really wish is to keep religion (mostly) out of government
Values though, no matter their source, are important to the functioning of our country
USMC
November 29th, 2011
11:04 am
“Crack a history book or two and brush up on the new deal then get back to me.”–Mick
Okay Professor Mick, I think the sun (or medical marijuana) is frying your brain.
Are you really advocating for the New Deal of the 1930’s to fix America’s SPENDING problem in 2011???
I took history classes at the University level while in Business School and am passionate about the subject.
What about you, Mick? Didn’t they require you to take a history class or a simple Econ 101 class at your Trade School?
Former Government Worker
November 29th, 2011
11:04 am
I’m wondering if the increases in wages at Federal level has more than offset this reduction in headcount??
Hey, Stevie Ray! Your memory must have disappeared. Federal wages were frozen more than a year ago. There have been no “increases in wages.” Whaddya want, blood?
Jeff J
November 29th, 2011
11:05 am
So you saying that instead of “It’s all Bush’s fault, liberals are now gonna say “It’s all Bush and Europe’s fault”?
Kamchak
November 29th, 2011
11:06 am
The “Econ101″ card.
Too funny!
getalife
November 29th, 2011
11:06 am
USMC,
Who dat going to beat them Tigers?
Not the dawgs.
We play at home for the National Championship.
Bourbon Street is calling my name.
Truthbe
November 29th, 2011
11:07 am
Homosexuality is a sin just like any other sin period. JESUS CHRIST the LORD thy GOD said to “Love the sinner and hate the sin”. JESUS never said to embrace sinful behavior. Homosexuality is a sin folks and all of you know it. Gay people need our prayers for help. They are our brothers and sisters too.
Back Seater
November 29th, 2011
11:09 am
It appears we have two solutions, one presented by the left is spend, spend, spend.
While the other solution, presented by the right is cut, cut, cut………….
Hum………..which is easier to do? Come on, even you dems can see the logic, can’t you?
getalife
November 29th, 2011
11:09 am
I guess they will find truther at the nearest gay bar because those who scream the loudest turn out to be gay.
Granny Godzilla
November 29th, 2011
11:09 am
Jm
I agree about values.
Learned them from my parents and grandparents example.
Then 13 years of religious education screwed with them a bit,
but I got over it.
Granny Godzilla
November 29th, 2011
11:10 am
TruthBe
Homosexuality is NOT a sin.
All that hate you got inside you is.
REPENT!
barking frog
November 29th, 2011
11:10 am
Kamchak, should that be ‘rEcon 101′, you know, where
they teach scout ing..
Granny Godzilla
November 29th, 2011
11:11 am
Back Seater
Of course the Dems see the logic, just not in your ideas.
barking frog
November 29th, 2011
11:11 am
Granny Godzilla, do you first have to pent before
you can repent?
St Simons - we're on Island time
November 29th, 2011
11:11 am
We have reached the inevitable end of the cycle of Capital.
If you have hoarded money, and you charge interest (lend) it to a man
that has none and needs it (borrow), at the end of that transaction,
the man with no money has even less, and the man with hoarded
money has even more. The cycle continues until all the money
is hoarded with, say the 1%. The trick for the kings of Capital is to
“get off” the money (reboot the system) riiiight before there is Unrest
and guillotines. Sometimes they guess right, sometimes they guess
wrong (Russia, France). This reboot concept is where the term “Jubilee”
comes from in the Judeo-Christian Bible.
In the Quran, it is forbidden to charge
a man interest if he needs the money and you are rich, which explains
the REAL reason the powers-that-be want you to be skeered of Islam.
It has nothing to do with what day you go church.
Welcome to the Occupation
November 29th, 2011
11:12 am
Jm: “Egyptian religious extremists take over, liberals applaud”
Wrong. The Egyptian uprising was a CLASS-based uprising, as our OWS uprising here is going to be. It was not religion-inspired.
Doggone/GA
November 29th, 2011
11:14 am
“JESUS never said to embrace sinful behavior”
He also never said it should be illegal behavior. If you believe it’s a sin, fine, don’t engage in that behavior. Not everyone agrees with you.
Oh yes, and he also said “Judge not, lest ye be judged”
USMC
November 29th, 2011
11:15 am
“Who dat going to beat them Tigers? Not the dawgs.
We play at home for the National Championship.
Bourbon Street is calling my name.”–Getalife
I love your passion for LSU, getalfie! Even though we disagree on politics, I know we would have a great time watching college football and drinking beer together.
But the Bulldogs have NOTHING to lose and history to back up a HUGE upset!
Have you forgotten Getalfie???
2005 SEC Championship game: #13 Georgia 34 #3 LSU 14
just sayin
Granny Godzilla
November 29th, 2011
11:15 am
barking frog
November 29th, 2011
11:11 am
Granny Godzilla, do you first have to pent before
you can repent?
i suspect he is rather pent up
Welcome to the Occupation
November 29th, 2011
11:15 am
Well said, St. Simons.
“This reboot concept is where the term “Jubilee”
comes from in the Judeo-Christian Bible.”
Try running that by some of our rube friends here.
Whaaaaa? they’ll say, slack-jawed.
The concept of a “reboot”, a “restart” button that resets us all to a new starting point will strike them as bizarre. The idea that this obviously communistic practice — which the past 40 years of policy has attempted to make impossible — could have ever been a common one in traditional societies, let alone Christian societies, is obviously one they will resist at all costs.
barking frog
November 29th, 2011
11:15 am
St. Simons, as a religious man you have a keen insight into
the religious influence on our economic system..
Doggone/GA
November 29th, 2011
11:16 am
“It appears we have two solutions”
there are more than two solutions. You’ve left out: cut what is purdent to cut, spend what is prudent to spend, raise more revenue and use it to lower the debt.
Just Wondering
November 29th, 2011
11:17 am
Granny Godzilla
November 29th, 2011
8:51 am
Stevie Ray
“What have we cut to date?”
How about 600,000 government workers?
How many of these were cenus takers? No matter, 600,000 is not enough….too much government…but that’s what keeps your party in office
Now we are waiting for the real cuts you dems have made, other than killing a world class space program…………tick, tick, tick
USMC
November 29th, 2011
11:17 am
Who says I “hate” Gays??
I love Gays.
I have a lot of Gay friends and my brother was Gay; I am still friends with most of his Gay friends as well.
kayaker 71
November 29th, 2011
11:17 am
American Airlines stock down about 85% today. Ouch.
barking frog
November 29th, 2011
11:17 am
Granny Godzilla, I suspect you are correct..
barking frog
November 29th, 2011
11:18 am
USMC, glad you decided to come out…
USMC
November 29th, 2011
11:19 am
“I guess they will find truther at the nearest gay bar because those who scream the loudest turn out to be gay.”–Getalife
Boy, isn’t that the truth??!!
What was that “preacher’s” name in Colorado, I think???
Granny Godzilla
November 29th, 2011
11:21 am
Just Wondering
Why you have to hide behind so many names….
jewcowboy
November 29th, 2011
11:21 am
Truthbe,
“Homosexuality is a sin folks and all of you know it.”
Maybe according to your Spéir Faerie. But then again your Spéir Faerie wants to stone people for wearing Dacron and kills a man’s family just to see how much he’s adored.
USMC
November 29th, 2011
11:21 am
“USMC, glad you decided to come out…”–Kermit the frog
Actually with the weather being what it is today, I decided to stay inside today.
Mick
November 29th, 2011
11:22 am
usmc
It’s all about jobs, give a man a paycheck and work for some dignity, then take a third of it back through taxes. When the economy picks up along with employment, then you can begin with the austerity measures, not the other way around. Geez, how many blows to the head did you sustain anyway?
Lord Help Us
November 29th, 2011
11:22 am
‘What was that “preacher’s” name in Colorado, I think???’
Ted Haggard…made statements similar to yours…
jewcowboy
November 29th, 2011
11:23 am
USMC,
“I am still friends with most of his Gay friends as well.”
You just seem to equate homosexuality with pedophilia. If you aren’t a bigot then your are ignorant. Which is it?
Not a Neal Boortz Redneck
November 29th, 2011
11:24 am
That Jubilee/reboot thing is interesting (not that I support it).
Jefferson originally wanted corporations to have only a 30 year license to operate. At expiry, the charter is dissolved and the shareholders paid in full.
WOODSTOCK MIKE
November 29th, 2011
11:24 am
Jay how about an article on the real reasons many Americans are struggling, the fact that Americans think they need to have so much more than they can afford and when they have it and can’t pay for it they go and blame everyone else but themselves? I don’t feel bad for the guy that makes $50k/yr and can’t pay his mortgage on a $300K home and his new car, he doesn’t deserve to be in the house or have a brand new car. Don’t feel bad at all. Isn’t it true that Americans real standard of living is better now than ever in our country’s history? If someone says people lived better 50 years ago than they do now I think I’ll throw up…
Lord Help Us
November 29th, 2011
11:26 am
‘Jay how about an article on the real reasons many Americans are struggling, the fact that Americans think they need to have so much more than they can afford and when they have it and can’t pay for it they go and blame everyone else but themselves? ‘
Jay posted an article on exactly subject, about a guy namde Bill Looman…you should read it…