Victor Davis Hanson and the non-existent ‘investors’ strike’

Victor Davis Hanson, writing in National Review, repeats a claim that has become all too familiar. According to Hansen, investors are so afraid of and offended by the Obama administration that they have refused to invest, in effect conducting a “sit-down strike … that has paralyzed the country and has been largely ignored by the media.”

Victor Davis Hanson

Victor Davis Hanson

Well, let’s ignore it no longer. However, before we try to assess the validity of Hanson’s argument, we should test the assertion on which it is based. Has there in fact been a sit-down strike by capital “that has paralyzed the country and has been largely ignored by the media?”

Oddly, Hansen offers not a shred of evidence or data to support that contention. He simply assumes that it is true and assumes that his readers will assume that it’s true.

It is not true. In fact, it is demonstrably false.

This is not a new meme, of course. Conservatives have been making this identical claim from the very beginning of the Obama presidency. As far back as March 9, 2009, the Wall Street Journal editorial board was telling its readers that the stock market was faltering because of what it called “a declaration of hostility toward capitalists across the economy” by the Obama administration. (At that point, the administration had been in power for all of five weeks.)

Here’s what they wrote back then, under the headline “The Obama Economy: As the Dow keeps dropping, the president is running out of people to blame”:

“From punishing business to squandering scarce national public resources, Team Obama is creating more uncertainty and less confidence — and thus a longer period of recession or subpar growth….

“The powers in Congress — unrebuked by Mr. Obama — are ridiculing and punishing the very capitalists who are essential to a sustainable recovery. The result has been a capital strike, and the return of the fear from last year that we could face a far deeper downturn. This is no way to nurture a wounded economy back to health.”

Again, that was five weeks after Obama’s inauguration. Here’s what the stock market has done since then:

Dow Jones Industrial Average, Jan. 23, 2009 to present

Dow Jones Industrial Average, Jan. 23, 2009 to present

That’s a 59.4 percent increase, representing one of the fastest rises in the history of the Dow Jones index. Since the Dow bottomed out on March 6, 2009 — three days before the WSJ editorial was published — the index has doubled.

Quite the “capital strike,” right? And yet the meme survives.

Now, let’s take a look at a less well-known but still critical measure of investment, Gross Private Domestic Investment:

gpdi

The chart illustrates the fact that since the second quarter of 2009, gross private domestic investment has risen by $564 billion, an increase of 38 percent. For comparison’s sake, GPDI increased by 24 percent in the two and a half years after the economy bottomed out in the 2001 recession under George W. Bush. (See note below)

Hanson, in other words, has based his entire argument on a “fact” that is not a fact at all, but a fabrication. When conservatives started offering this critique barely a month into Obama’s presidency, it was absurdly premature but at least had some plausible foundation in the data. Today, the data tell us that the critique is utterly without foundation, yet still it is being offered.

Why? Because it conforms to the ideology, and in the minds of the modern conservative movement, conforming to the ideology is far more important than conforming to reality.

(NOTE: That raises an obvious question. If investment is indeed rebounding, why is the economy still so troubled? The answer is, because we have so much ground to make up. By the time Obama took office, private investment had fallen to levels not seen since 1997. The Great Recession had wiped out all of the gains of the 21st century and then some. During this recovery, we’ve clawed our way back to the investment levels of 2004.

– Jay Bookman

368 comments Add your comment

stands for decibels

April 30th, 2012
1:09 pm

I got something Victor Davis Hanson can sit down on.

Normal Free, Plain and Simple

April 30th, 2012
1:12 pm

Victor Davis Hanson has just demonstrated that the First Amendment does let you make a fool of yourself… :)

stands for decibels

April 30th, 2012
1:14 pm

Oddly, Hansen offers not a shred of evidence or data to support that contention.

What’s that? A NatRev conservative just pulling stuff out of his ass and expecting us to believe him?

Next thing you’ll be telling us that they’re running a casino over at Rick’s.

josef

April 30th, 2012
1:16 pm

Color charts and graphs…why bother to read it…

ragnar danneskjold

April 30th, 2012
1:19 pm

Some of us, seeing the likely election of the Messiah 3.5 years ago, moved our money into foreign mutual funds. In my case, that was a great Canada fund run by Fidelity. If that is what VDH means by an “investor strike,” he is surely correct.

Really, why would anyone put any money into a company in a country threatening to raise taxes and increase corporate healthcare expenses. Dodd-Frank is only beginning to bite, and will do more damage than most of the other Federal agencies.

This topic gets back to our host’s essay on Atlas Shrugged the other day. Atlas resonates unlike the two other great dystopian tales of the same era. One reads “Brave New World” and says, “fantasy, has not happened.” One reads 1984 and says, “not here, maybe USSR was like that, but not the US.” One reads the first 600 pages of Atlas, and the reaction has to be, “that is what we are living through.”

Finn McCool (Class Warfare === Stopping Rich People from TAKING MORE of OUR MONEY)

April 30th, 2012
1:20 pm

LOL. CONS! Who needs an education, anyway?

Reminds me of the old “companies aren’t hiring cause business owners are worried about the President’s policies.”

Never mind the demand side of the equation. “Maybe if you made something people wanted to buy….”

josef

April 30th, 2012
1:22 pm

“… because we have so much ground to make up…we’ve clawed our way back to the investment levels of 2004.”

But…but…

barking frog

April 30th, 2012
1:22 pm

Obama is a capitalist pitbull.

ragnar danneskjold

April 30th, 2012
1:22 pm

Along the lines argued by VDH, the looming election of Mr. Romney is beginning to look like an investment opportunity, especially if we also get a fiscally-responsible Senate.

josef

April 30th, 2012
1:24 pm

ragnar

Atlas Shrugged…oh, come on, you just want us to think you’re butch enough to heft that toxic tome…
:-)

JamVet

April 30th, 2012
1:26 pm

Hanson, in other words, has based his entire argument on a “fact” that is not a fact at all, but a fabrication.

Oddly, Hansen offers not a shred of evidence or data to support that contention.

Oddly???

Given the massive inability of Republicans to demonstrate any basic respect for the truth – or as was noted yesterday, “unmoved by conventional understanding of facts, evidence and science” – I would say predictably.

And this next doozie merely highlights the ability of liars to persuade very willing fools:

Really, why would anyone put any money into a company in a country threatening to raise taxes and increase corporate healthcare expenses.

This after it was just unequivocally demonstrated that the very engine of putting money into a country – the equity markets on Wall Street – skyrocketed upwards in three years.

ragnar danneskjold

April 30th, 2012
1:26 pm

Equality and malaise are as inextricably intertwined as freedom and prosperity.

Finn McCool (Class Warfare === Stopping Rich People from TAKING MORE of OUR MONEY)

April 30th, 2012
1:27 pm

The Great Recession had wiped out all of the gains of the 21st century and then some.

I disagree with your wording there, Jay. The money didn’t disappear, the money was swept out of people’s 401ks and into the pockets of bankers. Our 401ks and mutual funds invested in worthless assets that banks sold as “AAA” quality. Those banks took insurance on those assets they sold.

After the smoke cleared, the investors were empty-handed, the insurance companies were worse than empty handed (they were bankrupt), and the bankers were lighting stogies with $100 bills.

ragnar danneskjold

April 30th, 2012
1:28 pm

VDH must have read Harrison Bergeron, and actually saw the truth within the short story.

Butch Cassidy

April 30th, 2012
1:28 pm

josef – “oh, come on, you just want us to think you’re butch”

Please refrain from using my handle and Ayn Rand in the same sentence. :)

JamVet

April 30th, 2012
1:29 pm

“Next thing you’ll be telling us that they’re running a casino over at Rick’s.”

“Reminds me of the old “companies aren’t hiring cause business owners are worried about the President’s policies.””

Thank gawd, we still have some rational people left in this country who can see through GOPBS…

Fly-on-the-Wall

April 30th, 2012
1:30 pm

Ragnar,

You just don’t understand the chart at all. Those show investment IN the U.S. not people who moved their money outside the country. Plus, if you are the patriot that you claim why did you invest/hide your money in a foreign country? Isn’t the ol’US of A good enough for you anymore or are you a traitor? Jerk.

Mighty Righty

April 30th, 2012
1:30 pm

I am glad to see Jay admit that the reason the economy has not grown is because “private investment” in the economy is down. Conservatives have been saying this for decades. It is “private investment” that is the engine of our economy. Now that Jay has recognized this “fact” maybe, just maybe, our C in C will recognize the same and quit putting up road blocks in the form of “executive order” regulations that only hinder business from leading us out of the recession. Come on Obama and join Jay in his conversion to belief in capiatalism.

UNCLE SAMANTHA

April 30th, 2012
1:31 pm

The Great Recession had wiped out all of the gains of the 21st century and then some.

you mean all the gains from a BUBBLE??????

then they weren’t real gains

maybe we are at a realistic level

TBone

April 30th, 2012
1:31 pm

You guys are way out of your league with VDH. Your name calling and otherwise personal attacks are juvenile and unproductive. Stick with your low level schtick.

Jay

April 30th, 2012
1:32 pm

“Some of us, seeing the likely election of the Messiah 3.5 years ago, moved our money into foreign mutual funds. In my case, that was a great Canada fund run by Fidelity. If that is what VDH means by an “investor strike,” he is surely correct.”

Well, given that the Dow has outperformed the Toronto Stock Exchange in the last 3.5 years, Rags, you cost yourself money by that decision.

But it’s nonetheless good to see your patriotism at work.

rightwing troll

April 30th, 2012
1:32 pm

“Oddly, Hansen offers not a shred of evidence or data to support that contention. He simply assumes that it is true and assumes that his readers will assume that it’s true.”

He must be one the wingnut regulars here… not a single detail or fact to support the oft repeated lies.

saywhat?

April 30th, 2012
1:32 pm

Don’t you see Jay? Don’t assail Hanson with your useless facts. His opinion was never intended to be a factual statement. Its simply his “opinion”. Reality never enters into it. Like some Bush administration members pointed out, they create their own reality. You can do that (just make crap up) if you are a Republican. Its not a glitch, its a feature!

rightwing troll

April 30th, 2012
1:33 pm

“Now that Jay has recognized this “fact” maybe, just maybe, our C in C will recognize the same and quit putting up road blocks in the form of “executive order” regulations that only hinder business from leading us out of the recession.”

Details please?

ByteMe - Political thug

April 30th, 2012
1:34 pm

If investment is indeed rebounding, why is the economy still so troubled?

Because a credit crisis-driven recession is a different animal from a business cycle-driven recession.

Romney is claiming that Obama’s policies have caused the recovery to go slower than it would otherwise have been. Obama’s team is now responding that Romney’s policies are the exact same ones that got us into the mess in the first place. It’s a good come-back line. Detail-free claims and delicious!

Normal Free, Plain and Simple

April 30th, 2012
1:34 pm

josef

April 30th, 2012
1:24 pm

:D

…and why ain’t you in school?

josef

April 30th, 2012
1:35 pm

BUTCH

My apologies! :-)

BTW, can you lift it…Atlas Shrugged, that is!

getalife

April 30th, 2012
1:35 pm

The nro is a joke.

Next.

saywhat?

April 30th, 2012
1:36 pm

Atlas Shrugged- my eight year olds favorite coloring book.

Jm

April 30th, 2012
1:36 pm

Math and logic were just clearly never jay’s thing

Jay go find a chart that shows the ratio of capital deployed to business versus cash under the mattress investments has increased and you begin to have an argument in your favor

Until then ta ta

josef

April 30th, 2012
1:36 pm

NORM
Comp time…

Mighty Righty

April 30th, 2012
1:37 pm

A quote from Gallup:

So what’s holding back 6 million tiny-, little-, medium-, and big-company CEOs from creating more customers? What’s the biggest problem we face? When Gallup posed this question to small business owners, the answers weren’t what you usually read on op-ed pages or hear from many politicians. The most cited problem wasn’t a lack of credit availability or slack consumer demand.

No, they told Gallup their biggest hurdle is “complying with government regulations.” So, I would argue that the single fastest way to get 6 million businesses sticking their necks out to create customers is to act on this very significant finding. If they want to help, Washington must stop creating new regulations. Stop sending out “new rules.” The more they lead with new rules and regulations, the worse they make things.

Finn McCool (Class Warfare === Stopping Rich People from TAKING MORE of OUR MONEY)

April 30th, 2012
1:38 pm

I see Mighty Righty, like VDH, is no stranger to MSU.

Making Sh$t Up.

josef

April 30th, 2012
1:40 pm

Mighty Righty

Isn’t government regulation and the bureaucratic world from the pages of Kafka EVERYBODY’s complaint? Why should businessmen be exempt?

UNCLE SAMANTHA

April 30th, 2012
1:40 pm

jay
nice bait and switch!
when no other economic indicators are favorable to your party……… go to the one that is and push it like its the only one important in our lives………….

Granny Godzilla - Union Thugette

April 30th, 2012
1:41 pm

RAgs

“Really, why would anyone put any money into a company in a country threatening to raise taxes and increase corporate healthcare expenses.”

Because you are an American?

Apparently not….Where’s your birth certificate?

DISGUSTING

Mr_B

April 30th, 2012
1:41 pm

“I am glad to see Jay admit that the reason the economy has not grown is because “private investment” in the economy is down.”

Except for the fact that Jay has very explicitly not done that.
But then, to realize that you would have had to read the post.
Sorry.

josef

April 30th, 2012
1:42 pm

IMAM

Before I forget, a tip of the mortar board to the AJC for the report on the blue ribbon schools and cheating…it ain’t just us, you know…good show

Jay

April 30th, 2012
1:42 pm

“Really, why would anyone put any money into a company in a country threatening to raise taxes and increase corporate healthcare expenses.”

The really funny part is that Rags instead invested in Canada, which already has a much more extensive public healthy care system. Just what John Galt would do, no doubt.

Finn McCool (Class Warfare === Stopping Rich People from TAKING MORE of OUR MONEY)

April 30th, 2012
1:45 pm

You think maybe ocean sailboat racing is a little bit dangerous? Twice in one month…

UNCLE SAMANTHA

April 30th, 2012
1:45 pm

aren’t we all glad that we are living high off the hog on our investment income??????
poor jay has to punch a time clock to earn a living while the rest of us rake in our capital gains at a lower tax rate…….

thanks both parties for improving my life and keeping the stock market growing

i don’t know how you did it but keep up the good work and don’t let that market thing or private sector get in the way of our gains

They BOTH suck

April 30th, 2012
1:45 pm

Mighty Righty

Are you implying that these companies have demand or projected demand that is outpacing current capacity, yet they are not investing in new employees and infrastructure?

If that is the case, outside of a contract or some sort of proprietary issue, how are these companies keeping clients that are requiring capacity over and above ability to meet demand?

I find it hard to fathom that there is all this demand backlog at various companies and they are unwilling to hire to due regulations…….

Some company will take on the work

getalife

April 30th, 2012
1:45 pm

The economic numbers are heading in the right direction proving willard lies about this President failing.

Stay the course with no change in leadership.

JamVet

April 30th, 2012
1:46 pm

UNCLE, what part of Hanson – and by proxy the National Review – being a flat out, bald-face, ridiculously absurd liar eluded you?

josef

April 30th, 2012
1:46 pm

Jay wants us to think he can pick it up, too…him and Rags in a thumb wrestling contest…I got ten on the Bruin… :-)

Finn McCool (Class Warfare === Stopping Rich People from TAKING MORE of OUR MONEY)

April 30th, 2012
1:47 pm

Uncle Samantha, think of us next time you discard a half-used tin of caviar.

saywhat?

April 30th, 2012
1:47 pm

“The really funny part is that Rags instead invested in Canada, which already has a much more extensive public healthy care system. Just what John Galt would do, no doubt.”
__________________________________________________________________________
Given he bases his online persona on a fictional character, it make sense that most everything he posts is fictional as well. When its all made up anyway, do the inane inconsistencies really matter?

mona Lawrence

April 30th, 2012
1:47 pm

The market ALWAYS does better during democratic administrations. I don’t see that this wingnut has at thing to whine about. The problem is not about regs or tax it is about demand. STUPID!!!!

Mr_B

April 30th, 2012
1:48 pm

“when no other economic indicators are favorable to your party”

Stock market up …check
Consumer confidence up….. check
Unemployment declining…… check
Real estate market recovering ….. check
Manufacturing activity up….. check

If this is what failure looks like, bring it on.

Mr_B

April 30th, 2012
1:49 pm

Slogan from the Great Depression, but still true:
“If you want to live like a Republican, vote Democratic.”

getalife

April 30th, 2012
1:50 pm

Mr. B.

Gas is dropping too.

Stay the course.

UNCLE SAMANTHA

April 30th, 2012
1:51 pm

champange wishes and caviar dreams for all

Jay

April 30th, 2012
1:51 pm

Or as Paul Ryan would put it, “Who is John Galt? No, seriously. Who is he? “

UNCLE SAMANTHA

April 30th, 2012
1:53 pm

MR B

you should run the democratic campaign

your slogan

“things could be worse”

or as the captain of Titanic would say

“stay the course”

Mr_B

April 30th, 2012
1:54 pm

Gas is dropping too.

Not Obama’s doing. Speculators just stole all they thought they could get away with for now.

GT

April 30th, 2012
1:54 pm

A writer that cheats on his readers will eventually run out of pavement. Look at Murdock, absolutely no respect for his readers in Europe, and now the wheels are coming off. Just as Conrad Black is getting released this weekend Murdock may be going in. Just because your readers are stupid enough to pay for this trash doesn’t liberate you to write obvious lies. It is like the drug dealer and the drug user, the readers are just the mules that carry the stupidity, the writer is the dealer.

josef

April 30th, 2012
1:55 pm

Mr B

“If you want to live like a Republican, vote Democratic.”

Shalom. I guess I won’t be voting Democrat, then, because if that means I have to live like the Republicans posting hereabouts, I don’t care to be humorless and miserable, not to mention the precipitous drop in my standard of living that would entail… :-)

JOE COOL~DoWnToWn THUG

April 30th, 2012
1:56 pm

Thats funny…..i guess Republicans like Romney nor the Kock brothers made ANY money over the last 3.5 years off investments since Prez O has been in office….snark

Mr_B

April 30th, 2012
1:56 pm

Sam: As opposed to the Republican slogan: “Things are really awful, you just don’t understand how bad they are.”

josef

April 30th, 2012
1:56 pm

“Or as Paul Ryan would put it, “Who is John Galt? No, seriously. Who is he? “

St Augustine’s copy writer?

getalife

April 30th, 2012
1:56 pm

“(Reuters) – Coca-Cola Co is in talks to buy energy drink maker Monster Beverage Corp , the Wall Street Journal reported on Monday, sending Monster’s shares up 17 percent.

An acquisition of Monster, which had a market capitalization of more than $11 billion, would be the largest brand acquisition for Coca-Cola, according to the paper, and would give the world’s biggest soft-drink maker greater exposure to the growing energy drink market.”

Investor strike?

Yeah, you might want to take a peak at the green energy sector.

UNCLE SAMANTHA

April 30th, 2012
1:57 pm

dirty little secret for all

both parties have been in power for over 150 years
they both get credit for good things that have happened in that time
and they both get credit for the bad thing that have happened

both parties are the party of the RICH
they both protect their interests over the expense of the middle class

but they both proclaim to be the champion of the middle class

until its time to legislate, then they protect the plutocracy

TaxPayer

April 30th, 2012
1:57 pm

The economy is still in trouble because some people just are not doing their part. Our tax cuts have helped to free up capital and dividends so they can be re-invested over and over thus creating jobs out the wazoo but the job takers are clearly sitting on the rear ends at home refusing to take the created jobs because they have a life of luxury with their refrigerators and cell phones and food stamps.

It’s no wonder that the Republicans think that the only option remaining is to hand out more tax cuts to those of us that can afford to re-invest that money. That way, the market will just be flooded with so many jobs, folks will have to take notice. And if that doesn’t work, I fear that the only other choice will be to just get rid of that Medicare and Social Security and force those bums to get up and keep working until they drop. It’s the only way because it’s the free market way, dontcha know.

JamVet

April 30th, 2012
1:57 pm

“A quote from Gallup…”

Why no link to that information?

And still no luck in finding that data about 9/11 having a bigger negative impact on the American/world economy than the fiscal hydrogen bombs that the banksters and casino capitalists set off in September 2008?

Let the free markets police themselves, suckers…

Mr_B

April 30th, 2012
1:58 pm

Shalom, josef. THAT hadn’t occurred to me. Ouch!

josef

April 30th, 2012
1:59 pm

Taxi

Don’t forget the prom dresses.

AT

April 30th, 2012
2:00 pm

Here’s an article on where some of the “sitting” is occurring:

http://blogs.barrons.com/incomeinvesting/2012/03/14/u-s-companies-sitting-on-1-24-trillion-cash-hoard/

Maybe “strike” is not the best word to describe it, but apparently these corporations see a larger benefit outside of the US economy for now.

getalife

April 30th, 2012
2:00 pm

The gop slogan is lets go back to a depression.

When the gop wins, something collapses and need socialism to save them.

The bushes are socialists.

Shantel

April 30th, 2012
2:00 pm

I’m not at all convinced that U.S. stock market performance has that much to do with who’s President at the moment. I’ve been an investor for a long, long time and I pay very little heed to abstractions like who is residing in the White House. What I do pay attention to are real things like inflation, interest rates, GDP, recessionary cycles etc. Hanson is a smart guy however I believe he’s wrong about this.

Jay

April 30th, 2012
2:01 pm

A writer that cheats on his readers will eventually run out of pavement.

Not necessarily, GT. Readers who go to National Review are looking for affirmation, not information. And that’s exactly what they get.

TaxPayer

April 30th, 2012
2:01 pm

Dang it, I did forget about the prom dresses and I believe it’s that time of year too. :smile:

josef

April 30th, 2012
2:02 pm

SHANTEL

“I’m not at all convinced that U.S. stock market performance has that much to do with who’s President at the moment”

Yep.

UNCLE SAMANTHA

April 30th, 2012
2:05 pm

the great recession main causes: mortgage backed securities and credit default swaps

yet both parties have got all of you distracted fighting over silly nonsense while we have an anemic recovery……….. and no one is asking what happened to all those MBS and CDW’s………….

the recovery will pick up steam when we make banks write off or sell them & we PROCESS all the foreclosures that are NECESSARY to move past a HOUSING BUBBLE……. there is no painless recession……………

the US allowing pain to happen has enable us to keep growing over the past 100 years when other nations try to micromanage the pain and suffer long slow growth

Jay

April 30th, 2012
2:05 pm

From AT’s link:

“The top five “cash kings” Moody’s cites are Apple Inc. (AAPL), Microsoft Corp. (MSFT), Cisco Systems Inc. (CSCO), Google Inc. (GOOG) and Pfizer Inc. (PFE), which together hold $276 billion, or 22%, of the total non-financial corporate cash balances.”

Another way to put it is that these companies are literally making more money than they know what to do with. The fact that they’re doing it under the reign of a capitalism-hating Marxist dictator makes it all the more amazing.

Jay

April 30th, 2012
2:06 pm

“I’m not at all convinced that U.S. stock market performance has that much to do with who’s President at the moment”

I agree as well.

TaxPayer

April 30th, 2012
2:06 pm

Further, if Republicans really care about creating the most jobs possible then they will also get busy on legislation that allows our job creating money to flow tax free all around the globe. Job creators should not be penalized with taxation just because they take a little money out of the US to enjoy abroad. After all, every job that the job creators create elsewhere is one less job that would be lost in the US to someone else looking to import something for somewhere else and that’s a fact.

265 more days

April 30th, 2012
2:07 pm

“Oddly, Hansen offers not a shred of evidence or data to support that contention. He simply assumes that it is true and assumes that his readers will assume that it’s true.”

Kinda like what the rats on this blog do every day

JamVet

April 30th, 2012
2:07 pm

The good American people have no choice but to pick up the pieces and try to soldier on after the widespread devastation unleashed by the Masters of the Fiscal Universe.

And rest assured that this attempted corporate destruction of capitalism is not done. Not by a long stretch.

NOT ONE SINGLE PERSON went to prison for the legalized criminal malfeasance and negligence of 2008 and the rapacious plundering of trillions of dollars of other people’s money.

NOT ONE.

Exactly the way you pro-crime Republicans wanted it.

So get ready, suckers. Especially you younger folks and imbecilic new young Reaganites.

You wanted trickle down poverty so damn bad? Here it comes…

Granny Godzilla - Union Thugette

April 30th, 2012
2:07 pm

US Corporations hoarding cash.

“Coporations are people my friends”

Some just happen to be un-American.

Anti-American perhaps…

JamVet

April 30th, 2012
2:09 pm

“Kinda like what the rats on this blog do every day.”

Must have been written while holding up a mirror…

getalife

April 30th, 2012
2:12 pm

In our President’s second term, we will get peace and prosperity.

President Clinton’s fourth term if you will.

josef

April 30th, 2012
2:12 pm

ZamVet

You’re sure in a foul ass mood today…who put thumbtacks in you Post Toasties…? :-)

rightwing troll

April 30th, 2012
2:12 pm

“No, they told Gallup their biggest hurdle is “complying with government regulations.””

Example please?

Illegal Alien

April 30th, 2012
2:12 pm

Is Romney better off now than in 2008?

josef

April 30th, 2012
2:13 pm

getalife

Saw a good program on the Chitimacha on PBS last p.m. “Native Waters…”

TaxPayer

April 30th, 2012
2:13 pm

What I pay attention to when I invest is plain and simple — taxes. Taxes make all the difference in how much money I have to invest. The higher taxes are, the less investment money I have and therefore the less money going into creating jobs for Republicans. Republicans need to work toward eliminating all taxes on job creators and put that burden off on the job takers to make up for whatever difference they need to make up for. Just double or triple the payroll taxes and tax people that fail to make at least one million dollars more than the truly successful ones that make the billions. It’s obvious to anyone with two eyes that this will solve everything.

josef

April 30th, 2012
2:14 pm

illegal alien

“Is Romney better off now than in 2008?”

Good question.

Matti

April 30th, 2012
2:14 pm

“I like that about the Republicans; the evidence does not faze them, they are not bothered at all by the facts.” — Bill Clinton

Kamchak ~ Thug from the Steppes

April 30th, 2012
2:14 pm

So what’s holding back 6 million tiny-, little-, medium-, and big-company CEOs from creating more customers? What’s the biggest problem we face?

Awwwwww, isn’t that just precious, quoting wittle Jimmy “The Crybaby” Clifton.

Since wittle Jimmy isn’t here and you’re so intent on carrying his water like a dutiful little tool, what onerous regulations does wittle Jimmy face in his so valuable polling organization?

getalife

April 30th, 2012
2:15 pm

josef,

Did they show the new school and casino?

(ir)Rational

April 30th, 2012
2:16 pm

Can someone please explain to me the correlation between investing your money wherever it will earn you the biggest gains, whether that be here or abroad, and being Anti-American/unpatriotic as is claimed here on a fairly regular basis?

JohnnyReb

April 30th, 2012
2:17 pm

Jay, I’m beginning to think there is not an anti-Obama story you can’t find a way to spin to his favor. Just don’t go on the O’Rielly Factor, he would not be as gentle as Maddow.

When the stock market was low, the White House was quick to point out Obama had no control. It rebounds from the recession and the Obamaities want to heap the praises on him.

On this very blog, time and time again to the point of ad nauseum the Moonbats have complained of all the capital setting on the sidelines that should be invested to produce jobs. Now you post a graph showing it just not so.

I know the Left is having a hard time defending Barry, but please.

getalife

April 30th, 2012
2:17 pm

ir,

Got a link?

getalife

April 30th, 2012
2:18 pm

“I know the Left is having a hard time defending Barry, but please.”

No, we just show the fact that the numbers are in the right direction.

Easy.

Mick

April 30th, 2012
2:20 pm

The propaganda of the right has been catapaulted quite nicely about the kenyan born socialist communist obama. Really, they’ve done a hell of job, so much so that they now are all starting to believe it as truth!!!

Quite pathetic and shameful…

265 more days

April 30th, 2012
2:20 pm

Jelly,
Nice to see within all that hate you have in you, that you have a small sense of humor, keep it up

Jay

April 30th, 2012
2:20 pm

JohnnyReb, if you take issue with either the facts that I’ve presented or the way I’ve interpreted them, just say so. Otherwise, I don’t know how to respond to what you’ve posted.

UNCLE SAMANTHA

April 30th, 2012
2:21 pm

Jay

April 30th, 2012
2:06 pm
“I’m not at all convinced that U.S. stock market performance has that much to do with who’s President at the moment”

I agree as well.

then can we agree that BOTH PARTIES are responsible for $15+ trillion in debt?

(ir)Rational

April 30th, 2012
2:22 pm

getalife – How do I link to certain comments? But going backwards, from this afternoon there is GG @ 2:07 & 1:41, Jay @ 1:32, Fly-on-the-Wall @ 1:30.

josef

April 30th, 2012
2:22 pm

getalife

No. It was more or less a nature show relative to the Atchafalaya and the connection between environment and culture. It was told by the last Chief’s son, a journalist and (non commercial) fisherman talking about living between the two worlds and the balancing act. What I liked about it was that what he was saying was just as applicable to anyone, anywhere caught between the urban, generic culture and the world of nature…