Fed sends reinforcements into battle against unemployment

Jay

It seems as if Ryan is doubling down on his battle against WAGE EARNERS.

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“it is very important for policymakers to keep in mind the toll taken by unemployment, foreclosures and low-wage growth on actual human beings.”

gop obstruction is to blame for the costs of the fed’s actions.

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Cool! Money trees in every town square!

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It’s just amazing how time and again the Conservative in Congress will step all over the little guy. They should be willing to do any and everything to lower unemployement but they only seem to have one answer – which was rejected back in November.

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I’m aware of the objection, but…just how loudly do these single-mandate guys actually shout their views, anyway? Who among their base are even aware of this?

I am genuinely curious; I can’t see that this would be terribly popular with actual voters.

“We can’t have the Fed concern itself with keeping you peasants employed because, um, uh…”

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Keep – I wonder when I can get the 1% mortgage.

3.5% – 4% now
I need to pull the trigger soon, I’m still at 6% due to my own laziness

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cat

I need to pull the trigger soon, I’m still at 6% due to my own laziness

—————————————————————

Been curled up in the sun too much

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And later I’m sure they’ll know EXACTLY how to put the toothpaste back in the tube.

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As long as the government encourages banks to borrow from
the Fed at zero percent and buy bonds for a higher rate and use
the bonds to improve their balance sheet rather than lending it to
the public, nothing will change.

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These billions are spent because congress failed to act.

ryan is a sore loser.

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Erwin’s cat
If you’re gonna pull the trigger be careful where you point the gun,
the ricochet could be dangerous or you could open the box….

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protecting the value of money and property

wealth envy!!!

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had a 5.75% 30 yr with 22.5 yrs left
got a 3.55% 15yr an my payment only went up 25 bucks

5

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when you refi, do you think you can manage to make it a shorter-term deal for similar monthly payments? That’s always good.

That’s the plan. I’d hate to start a 30 over again. Worst case, I will do a 30 but but make a couple extra payments a year toward principle and accomplish the same thing as a 15-20 yr note

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Where does it all end?,in 4 years when “HE” cannot run for Prez again.

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Jay…”As he noted in a press conference this afternoon, it is very important for policymakers to keep in mind the toll taken by unemployment, foreclosures and low-wage growth on actual human beings.”
____________________________________________________

Guess Ryan is an ardent Christian who ‘mouths’ Christian words from the Bible but fails to apply them in practise

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Whatever — “Fiat currencies have always failed and at this rate ours won’t be the exception.”

What is your recommendation? A return to a gold or silver standard, perhaps? Surely you recognize that’s impractical, simply given the amount of value we’re talking about. There isn’t enough gold above ground on the entire planet to equal the outstanding US debt (at current spot gold prices).

I recognize the problems with fiat currencies, but I fail to see what sort of practical solutions are available.

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Pay cash. It’s the lowest cost option unless you’re using money borrowed at a few percent to reduce money costing 39.6 percent or whatever.

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They never learn. It goes from one created crisis to the next. When it eventually gets to the point where the dollar is worthless, just point to the Fed and say “they wanted to prove they cared.”

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“Printing money is treating the symtom, not the disease. The disease is lack of economic vitality.”

I doubt anybody disagrees – but you have to keep the patient alive while the cure is affected, right?

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The crybaby can’t get his party to vote on anything.

No deal.

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“However, that dual mandate is highly controversial among many conservatives, who believe that the Fed ought to focus exclusively on inflation — protecting the value of money and property — while taking no responsibility for trying to encourage low unemployment.”

We’ve discussed this many times on here. Ryan is correct. Pursuit of long term price stability should be first and foremost despite the dual mandate. We are all better off in the long term with price stability as the maximum focus. Unemployment will take care of itself long term if we opt for price stability. The pain of this is that unemployment takes a back seat shorter term.

Europe I think uses a hierarchical approach which if we did that would be better than the dual mandate. Unemployment would still be a goal to reduce but wouldn’t be the chief goal.

Why do we support price stability? Because its believed that having price stability as the primary goal reduces speculative bubbles. Anyone remember the housing bubble collapse? Nuff said.

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“protecting the value of money and property”

Just add “especially for the very rich” to that sentence and the true intent of Republican politicians will shine thru.

“While taking no responsibility for trying to encourage low unemployment” only makes their priorities crystal clear even to those who don’t want to admit it.

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“Printing money is treating the symtom, not the disease.”

True. Not only is that true but I don’t believe many of the liberals understand what this hidden inflation via money printing is. Its a hidden tax on the economy in the way of reduced purchasing power.

You guys remember a couple of months ago when the govt came out with a report that the average family has lost 9% of its purchasing power over the last 4 years? Well what in the hell do you guys think that is? Its the money printing machine reducing your purchasing power. The shame of it is that liberals just can’t see this.

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Bottom round, just curious.

How does the 1%’s boot polish taste?

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indigo

December 12th, 2012
4:19 pm
“protecting the value of money and property”

“Just add “especially for the very rich” to that sentence and the true intent of Republican politicians will shine thru.”

Indigo,

That’s just pure hyperbole. The people who get penalized are the savers whether they be your average Joe putting away $100 a month in a mutual fund or a senior nearing retirement trying to build up his nest egg enough.

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Tell us, William, what do you think about the notion of unemployment being directly correlated with inflation.

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@Thulsa Doom

December 12th, 2012
4:23 pm
The shame of it is that liberals just can’t see this.

++++++++++++++++++++++++++++++++++++++++++++++

A know-it-all is a person like you who knows everything except for how annoying he is.

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You can fix being broke,

Annoying? Well just scroll on by punkin.

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Because conservatives KNOW those who became unemployed aren’t dragging that average down. *sigh*

try again….

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Correction: should have said “rising costs” and not inflation.

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indigo – From what I know,…

exactly

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Because conservatives KNOW those who became unemployed aren’t dragging that average down. *sigh*

Regnad,

Let me help you out there sir. As a typical liberal its obvious you don’t understand the difference between purchasing power and lower income- the 2 are completely separate issues. Basic economics 101 so its no surprise you don’t understand. Here’s a little tutorial that will hopefully splain it better for ya.

If your income is flat and prices go up, you’re worse off. That’s what’s happened to the median U.S. household. From January 2009 to August 2012, the income for a household at the midpoint of all U.S. incomes rose by a seasonally adjusted 0.2 percent, according to Sentier Research. But the price of a bundle of goods and services that a typical family might buy went up 9.1 percent. This squeeze has reduced the buying power of the median household by 8.2 percent.

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“Kcin, and of course there are no actual increases in prices because of a variety of factors that have nothing to do with inflation. ”

Keep – you are, of course, correct.

2.5% seems like a reasonable guardrail.

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You would think that someone who professes to know so much about Econ 101 would understand that disasters and droughts (from climate change) and other events cause prices to rise. Nothing to do with inflation and “hidden taxes”. Maybe that was taught in Econ 102.

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Thanks, for the clarification, Mr. Doom. My understanding has been improved by your cogent explanation.

But I wonder, why did you feel the need to include gratuitous insults?

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“Don’t you think that increased EMPLOYMENT would assist in creating long term stability?? Paul Ryan needs to see a proctologist to assist in getting his head out………”

HDB,

Nope. It works better the other way around. At least that’s what a lot of economists say. So if Ryan needs to see a proctologist apparently a lot of economists do too.

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Common Sense isn’t very Common

December 12th, 2012
3:27 pm
Jay

“It seems as if Ryan is doubling down on his battle against WAGE EARNERS.”

And it seems common sense is doubling down in his war against economic literacy.

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“I like big ben , but economists have rightfully questioned his infusion of money and were it actually went, I’ll give you an idea WALL STR–T….”

Yep. Remember a month or so ago when the next round of QE was announced? The market surged something like 200 pts that day. The reason given?- QE. After all that money has to go somewhere- equities.

I coulda sworn the liberals and the ows folks didn’t like all those greedy wall street fatcats. Apparently not.

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My purchasing power is highly correlated with the amount of money I have.

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“But I wonder, why did you feel the need to include gratuitous insults?”

Regnad,

Because you printed my comment and then took a swipe at us cons with it. But perhaps I was a little too hard and snarky in retort. Therefore I apologize for being rude to you.

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3.5% – 4% now
I need to pull the trigger soon, I’m still at 6% due to my own laziness

EC

Hopefully, you won’t get screwed like me. For some reason, Fannie Mae has me flagged so that I can’t get a refi. Credit scores in the high 7’s and one 8, and I’m still getting screwed.

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Yeah. Greece the skids.

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[...] Atlanta Journal Constitution [...]

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Great Jay – Ben will have them raking the forests as government workers for those Federal Reserve Notes and pretty soon that government script isn’t going to be worth the paper its printed on. But it won’t be as bad as Weimar Germany – they didn’t have EBT cards – so they actually had to push the wheelbarrows full of script when they went to buy bread. Real purchasing power of the dollar is in a free fall because quantitative easing is SMOKE and MIRRORS. That’s what its about.

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Jammie,

Gen Gard retired 31 years ago and the closest he got to actual policy making was being a secretary for two Secretaries of Defense, and the first Director of Human Resources Development for the U.S. Army. He is an Iran appeaser, and surrender monkey who cried about Irag and is currently on record for enacting an international and U.S. ban on the production, sale, transfer, and use of antipersonnel landmines. His ideas put U.S. military personnel in increased danger. Go find another Jimmy Carter era empty uniform to make your case for DoD cuts.

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indigo, there’s just no helping you and your 4:58 post to me is just plain silly.

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DannyX

This is going to be my War on Christmas

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nero, that’s hilarious. i doubt you even live in zip code where someone set policy.

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Thulsa Doom: “What’s more is that I encourage you to look up on Hulu a pretty good documentary from that ultra con outlet PBS”

Actually it is pretty conservative.

Seriously.

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Why would anybody trust the Fed? Even its own creator, Senator Owen, turned his back on it and said it was the biggest mistake of his career.

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Food prices in Canada are set to spike next year in the wake of a massive drought in the U.S. Midwest, says a new study from the University of Guelph.The Food Price Index 2013 predicts that a record number of Canadians will visit food banks next year

One of many headlines that show an Econ 101 failure by our resident econ nutcase. And there are plenty for prior years. These increases are NOT the result of “printing money” but of supply and demand.

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josef

I somewhat agree, but since Congress ain’t doing shyte for the economic growth desperate measures may be called for

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Jammie,

Nobody cares that you rode the bench when you “served”. Get over it. It doesn’t matter anymore. Your stories of playing grab-ass in the motor pool don’t impress much. Your continuous name calling is amusing though.

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Postcards from the cliff. The reds have an opportunity here to recruit. Americans have no idea what Bernanke meant when he coined the phrase, fiscal cliff. The deal’s drama is playing in Peoria. Like an addictive reality show. The first guy to form understandable language exploring the relationship between our constitution and capitalism will gain public support. This is a big opportunity for the GOP.

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Jay- clearly you don’t do the weekly shopping for your family, those that do know that food prices have gone up more that a mere 2%, What exactly has gone down within the family budget? As for the Fed- you better re think you last article about the Stadium because based upon the Fed’’s statement unemployment numbers are going to stink for years to come. At least that 1 billion spent on the stadium will stimulate the local economy for a couple of years,

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doom – 5:19

translation – “I can’t refute your assertations so I’ll just ignore them and hope they go away”.

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OK folks, lets get real about inflation. The numbers Jay listed somewhere back on this thread do not give the accurate picture.

Auito gas and diesel prices are about double what they were when Obama took office due to Fed dollars and EPA regulations. Higher energy prices not only cost you more at the pump but touch almost every aspect of your life.

Utility rates are up due to energy policy. Food prices are up due to energy prices. Food vendors have reduced quantity/weight while keeping the prices the same or up slightly. They are reaching the point of no solution other than to raise prices.

Some food is already almost double the price it was 4 years ago. The coming years will see the Middle Class unable to afford certain food items. It’s going to get ugly.

So…the Fed and Obama are causing inflation and you ain’t seen nothing yet considering Barry does not have to worry about reelection. Buyers remorse wont’ help.

Auto

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Sorry doomy… I hear you knocking but you have nothing and you don’t have the intelligence to engage in honest debate as each of your posts show. I dont address your “points” because they are lies and distortions and you “rephrase” any real response to fit your lies and nonsense. Now trot along little speedo stalker. I will mock you more. Jay has you on ignore for a reason, child.

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The scary part of where we are right now is that the Fed had been selling short term Treasuries and buying long-term to keep long term rates low. The Fed is now basically out of short term Treasuries to sell. They can continue by buying mortgage backed securities as they have been, but it is clear they are running out of ways to have an impact. Ben is desparately trying to fight of deflation, as he should be, but the recoil is going to have to be in higher inflation and that could be ugly. That will hurt the little guy and it is certainly not going to help employment.

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josef

Ahhhh…. perhaps I misinterpreted your intent as to the attendees in the design.

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JohnnyReb

December 12th, 2012
6:01 pm

Agreed…need to send you some grits. It is subtle…I just paid $6.60 for a standard size jar of Jif..oddly, its the same amount as a jar of mayo…

Anyone here who cooks frequently, how many times over the last 6 months or so have you gotten out of the grocery store spending less than $50? Produce is up at least 50%…heck, a pack of gum is upwards of $2…

It is easy to sweep this under the rug since obama knows best…but we are getting killed in food and other transportation heavy goods…

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George P. Burdell

December 12th, 2012
6:07 pm

In the words of David Byrne ( I think)…stop making sense…now you know each side has there “economists” …most more pundits, who will fight tooth and nail to prove the other wrong for political purposes…the fact is that it is a coin toss..risky business…did it really work last time? I’m getting mixed signals.

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“It’s pretty clear that without intervention by the Fed authorized under the dual mandate, unemployment would not have fallen as quickly as it has from the high of 10 percent to its current 7.7 percent”
.———————————————————————————————————————-
.
Only to a full-blown Hopium addict.
.
lol

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I want you cons to repeat these words over and over in your head.

The wealthy are fine and doing better than ever.

Brainwash yourself and ignore your lying media.

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George P. Burdell:

Interesting points, but on the issue of inflation, this is not necessarily the disaster that people tend to think. For most people who are not investors but debtors, inflation is actually helpful.

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JellyVet,

Typical butt hurt whines of a draftee non-com. All those motor pool gigs sucked didn’t they? Or was it the KP?

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$6.60 for jiff? you must think nobody here shops.

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So after four years the unemployment rate still sucks and people are whining about Paul Ryan ? Face the facts, the 800 Billion stimulus was supposed to bring unemployment to 5% and it failed. Saying that if Ryan would get repubs to go along was another jobs bill would bring unemployment down is a joke. These comments are from the same group that think raising taxes on the rich by 90 billion a year will help our 1.25 trillion deficit. But this nonsense comes from a group that thinks Social Security is a good plan so I am not surprised.

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nero,

That disgruntled fire coach lied.

Fact.

He was the only evidence and he is a liar.

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“For most people who are not investors but debtors, inflation is actually helpful.”

Welcome to the occupation,

Economics FAIL. Its a 2 way street sir. What you say is true in that their debt doesn’t mean as much in inflationary times- assuming of course their income keeps rising and they are paid in more and more inflationary dollars to pay off old depreciated dollars. And that’s quite a big ASSumption because what if their employer isn’t giving them raises to cope with inflation. In that case they are screwed. Or did you not realize that?

Additionally as their wages are stagnant they are paying more and more for a loaf of bread.

So again your analysis is incorrect. And you would have an incredibly difficult time telling anyone in Zimbabwe or the former Weimar republic that runaway inflation is a good thing.

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Peanut Butter?
.
Try some Obamalaise.
.
It tastes great on a Bernanke poop sandwich.
.
lol

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“Whatever this massive dose of unsustainable counterfeit money has done will ultimately only result in an even great collapse from an even greater height than if we had simply suffered the pain, allowed the bad debt and malinvestment to be liquidated along with the failed companies and gotten back to a sound, sustainable footing”

Yep. All they did with the previous bailouts was buy some time and delay the inevitable day of reckoning. The short term pain would have been more severe but the recovery would have been far steeper once we got all the excess out of the system.

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I’m glad y’all know what you’re talking about. I sure don’t.

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Your lies blah blah doom you garble again gobbledeegook. You win again.- sandflea

Well at least I got his last point loud and clear over all the garble. He is right. I win. Then again he aint no comp to begin with.

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getalife

President Carter was right about a lot of things…

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Just keep printing money…that should solve our problems.

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President Carter was right about a lot of things…

Yep, you are right if you could figure out what they were!

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Jay Bookman writes: “It’s pretty clear that without intervention by the Fed authorized under the dual mandate, unemployment would not have fallen as quickly as it has from the high of 10 percent to its current 7.7 percent.”
—————————————————————————————————————————
Jay, let’s be intellectually honest. The only reason the unemployment rate has dropped from 10% to 7.7% is because of the massive drop in workforce participation rate with millions of people completely dropping out of the workforce and no longer being counted as unemployed, though for all intents and purposes, they’re just as unemployed as those officially counted. When weighing for this massive drop in workforce participation rate since Obama took office, the unemployment rate hasn’t dropped at all. In fact, it’s increased when weighing for the large drop in workforce participation rate. That’s the undeniable truth. If what the Fed is doing is preventing that true increase in unemployment from being even worse — then that’s only an indictment of just how abysmal Obama’s policies have been in *stimulating* an economic recovery. But let’s pretend otherrwise.

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Mr. Right has apparently forgotten two very important words in modern world history – Camp David.

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Mr. Right has apparently forgotten two very important words in modern world history – Camp David

There you go, that’s one! BRAVO!!!

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Poor Republicans! Just when they thought their lives could not get any worse, they discover inflation. Now they’re gonna have to factor in another tax hike to cover the reduced government buying power of their tax dollars.

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We all know that the unemployment rate has dropped because the Bush tax cuts have finally started stimulating the job creators. Right! Am I right!

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getalife,

The New Orleans Aints. Cheaters

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The chickens eventually come home to roost. This administration has been an economic failure. I believe its been a failure in both domestic and in foreign affairs. Keeping it focused on the fed’s action of not so long ago Bernanke said that continued quantitative easing wouldn’t do much to reduce unemployment and he was correct, it won’t.

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Jammie mostly slept through his draft enlistment.

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josef,

Moral high roaders die just the same when bad guys and terrorists murder them.

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It is a great policy if you have cash on hand to purchase hard assets–super inflation will implode ove rthe next couple of years. Invest and buy, and in several years in teh future you will be part of the 98%.

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When James Earl Carter sent an ill conceived final hour hostage rescue operation into Iran in a failed attempt that was only designed to save his failed presidency, he went from being an incompetent president to being an immoral president.

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Yeah, but at least they die with a clear conscience…

If only that mattered equally to all, we would all be much better off.

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“Human rights is the soul of our foreign policy, because human rights is the very soul of our sense of nationhood. ”

–Jimmy Carter

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Idiot America: How Stupidity Became a Virtue in the Land of the Free

Hmmmm…. I think the problem with the conned from the GOP has been clearly identified.

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NERO

Relax, Mec, but a clear conscience means more to me than just about anything…I can sleep at night and, I hope and pray, am leaving the world a better place for having passed through it…

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Wa-do Del

Well, well…I’ve been told before that this/that was the last I’d hear from you, and like a bad case of jock itch you just keep coming back. I’ll let the others pass their judgment on me without taking your word for it. So, why don’t you go whining to the AJC board, eh?

I would say what I really feel about you, but you’re really not worth getting a red card for. Besides, you’re funny…

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recon

You talk too much smack, as witnessed by all your pre-election arrogance…no humility, just pie on your face…

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that no one really cares about including most on this blog if the truth were known.

Actually I would say that about our Ftroopy contingent but I don’t presume to speak for most or any other bloggers. Only a real butt beret would do that…. poor little homophobic.

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“Besides, you’re funny…”

Just think: NAACP

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nero@7:52

That was funny =]

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“Fed Chairman Ben Bernanke and the committee have re-committed themselves to an analysis that joblessness, not inflation, remains by far the biggest challenge to the economy, and that the Fed is obligated to address that challenge aggressively.”

Well, I sure hope they voted for Romney then !

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Del meltdown. Is that a deltdown?

We’re gonna see a LOT more con implosions in the next few years.

I’m just doing my part to help facilitate their collective suicide!

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“See, I’m not the bad guy that you guys think I am”

Not that we think you are…that you tried so hard to MAKE us think you are.

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Thank God for the Fed, no one else in Washington is accomplishing anything.

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“I’m not getting that,,,fill me in,,,”

Remember the story I told you about my revelation on the subjects of racism and homosexuality?

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The corporal needs to do some research on Martha McSally. My kind of Republican woman. Her courage to stand up to the DoD will blow his 1950s conceptions of how Republican women are supposed to act out of the water.

And to saywhat’s point, it is the GOP that is a failure – NOT the United States of America.

Occupy that, Uncle Sam haters…

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ZamVet

Careful…I may have to name you as a corespondent in the alienation of affections in my divorce from the Wa-do!

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John McCain, Sarah Palin, Mitt Romney and Paul Ryan all could not
win an election against a community organizing anti-colonialist
Kenyan Muslim. No wonder the Repubs are acting out.

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JamVet
Carry on bus driver.
…………………………….
Recon didn’t get the word that you’re a taxi driver.

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Just bring back a 21st century Civilan Conservation Corp. enough with stimulus, bailouts, QE4,5,6 etc. put the jobless to work building and rebuilding critical infrastructure so that our quasi capitalist system with a firm foundation to launch from.

Try getting that through the House of Representatives.

There are enough jobs for every American to have one and then some. Unfortunately, these jobs have been shipped to low-wage countries by cut-throat corporations and the Congressional enablers.

As long as corporations can avail themselves of $0.50/hour labor and shelter their income overseas, don’t expect any improvement in our unemployment situation.

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no artificial flavors
can we use the welfare recipients, prisoners, homeless and mentally challenged also?
do you actually believe the infrastructure rebuilding can be done by anyone that just
happens to be unemployed?

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frog, you should stay on your own lilly pad, you do better that way.

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When the country turned its back on Carter it turned its back on the moral high road. We’ve been paying for that ever since.

Lotta truth to that.

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Recon
thanks, i’ll try to remember that. note to zoomy; jarhead says cease
contact…..

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indigo, it’s also on AMC and a bunch of other outlets…

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FROG

@ 8:20
They did a pretty good job of it back in the ’30s….

ZamVet
Da boy got deep psychological prollems stemmin back from early chilehood…

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frog, he has delusions of relevance!

The Romney trouncing is playing out in 3D Meltdown Mode these days.

Speaking of new flicks, I am stoked about the new Hobbit film.

Arguably the greatest literature of it’s genre and time…

http://www.youtube.com/watch?v=G0k3kHtyoqc

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I heard that cross-dressing was well under control in most Marine units….so what’s this about panty waists.

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ZamVet

“delusions of relevance”

I’m soooo stealing that one!

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about the lowest form of scum….

Well maybe better than the lowest form of cum.

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“There are enough jobs for every American to have one and then some. Unfortunately, these jobs have been shipped to low-wage countries by cut-throat corporations and the Congressional enablers.”

Nope. Americans as a whole would have less discretionary money that goes into the economy in the way of both consumption and investment. The economic pie would get smaller and we would be less prosperous. The reason we have so much material wealth and goods( a lot of it imported) is because they are at such a low cost. If we had to pay substantially more for everyday household goods that cost pennies on the dollar to make in China, India, or elsewhere we as an economy would be much worse off.

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josef, no but I can definitely relate to some of his characters! Hell for that matter, any of the characters in One Flew Over the Cuckoo’s Nest!

Waters just played a song from (IMUO) the greatest rock album of all time…

http://www.youtube.com/watch?v=vcG47CpsU6c

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ZamVet

A most underrated character actor, he….

and Pink Floyd? I won’t even try to pick my favorites…

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stands,

Did you vote for Dole in ‘96?

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SFD

That must be it…but, like I said, I best not say what I really feel…

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Yes I think many unemployed would find with with a CCC. We are not talking just digging ditches for dams anymore. IT folks, human resource managers, truck drivers, and construction project managers would be utilized in new projects.

Yes there are deadbeats, always has been, always will be. However, when plentiful jobs heat up there is often an innate feeling amongst the chronically jobless that wants a piece of the pie too, especially if couch potato benefits are scaled back.

Prisoners can stay in prison.

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Bob Dole was a good man, always ready to take notes and get his wife
a good job.

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And on that cheery note, I think I’ll bail. Pleasant evening to most.

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Dang,my ex-wife just called me to say that Pink Floyd is on TV.And we’ve been divorsed for years!

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“Did you vote for Dole in ‘96?”

No, but I did stay at a Holiday Inn.

Once.

http://www.youtube.com/watch?v=IukWaNygxJY

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Oh, and the mentally challenged don’t count in jobless rates, BF

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“If we had to pay substantially more for everyday household goods that cost pennies on the dollar to make in China, India, or elsewhere we as an economy would be much worse off.”

Here is where we disagree. I think the economy would be much better off. We likely would not have the $1 trillion deficits because our economy would be generating more tax revenue.

The common belief is that if we can ship jobs overseas then costs are reduced. That’s not true. All those whose jobs were shipped overseas are not only not paying taxes (or are doing so a vastly reduced rate), but they are collecting all manner of public assistance.

It’s a zero-sum game.

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Nero
A lot of folks took German machine gun fire but didn’t ride it
to a lifetime on the government payroll.

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Real Scootter, THAT is the amazing power of music. Crazy good, huh? For those of us into such things, it does unite us and makes the ride that much more sweet.

Slimmer? Is that an insult?

http://www.youtube.com/watch?v=xSEG6DHlLto

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Yeah, Jam! You need to slim down a little.

I’m sorry, I’ve just never been that much of a Pink Floyd guy. Sorry.

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sooth,

Nah, I’m more into heavier calibers than 5.56 rounds that I’ve saved for the upcoming revolution when left wing S-birds try to take over this great Republic.

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Slimmer…Wow, I guess he noticed…so sweet of him to let me know…

SOOTH

That’s not what HE goes to the mall for..tap, tap wide stance, ya know…

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But what really sucks is that if you did “everything right” and saved your money you have been taking it on the chin for years. Folks used to say if they had a million bucks they could live on the interest….nowadays you are doing really good if you can make $15k in interest off of a million bucks. And no, I don’t want to risk my money…..I just want a decent return at a bank….something that isn’t “zero point something” percent. I already paid off my house, cars, student loans, etc. I would kill for a CD at even 3% but geez 5% or 7% would be nice to see again.

BON JOVI…..spleeeeeeeee

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I like the format, sing five or six of your hits then get the hell off for the next crew! Works for me…

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Typical democrats to follow polices that predictably perpetuate high unemployment and general economic misery but then convince stupid people that they are fighting for jobs.

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t”o continue and even accelerate its infusion of cash into the national economy ” = stimulus. Yes, keep pumping money into the economy to hire more government workers & raise taxes on the evil 2% rich.

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The gop are still blocking our recovery.

Get your failed party out of the way cons.

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So…you all think the Democrat plan (as impotent as it is) is viable for more than a few months? Welcome to Greece. I’m insulated, you’re not. I have a place in the Bahamas and an airplane. Good luck when the money runs out…

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Jay

December 12th, 2012
9:38 pm

Thanks a lot Jay,now I’m REALLY confused. Whew!

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Want to fix the economy and unemployment (which BTW, is much worse than we are being told)? Fix the China currency imbalance. The partcipation rate is at its lowest since the 1970s. A normal participation rate would yield unemployment over 10 percent. It won’t come down until manufacturing returns to the US. That won’t happen until the US forces China to value its currency fairly.

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Red Mars:

http://www.youtube.com/watch?v=s86K-p089R8

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http://faircurrency.org/blog/?p=104

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anybody know where reince priebus has gone? can’t find that mf for sh**

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“The statement is false on its face insofar as it is based on a naive and childish utopian belief that the economy will magically even out eventually and restore some minimum of prosperity from which a class of consumers could take hold.”

Nope. Its not false. That’s just your rhetoric getting in the way of facts. Sir it was only 7 or 8 years ago that we were at full employment. And outsourcing was going on long before that.

“But of course without growth, investment in education and training for a broad section of the population,”

I’ll agree with you on the part about growth. Now if we could just get Obama to agree. On the bit about education we are spending more money per pupil on education adjusted for inflation than ever before. So that bit about education and training has just been relegated as baseless rhetoric.

” and considerable redistribution of income to support a safety net and provide potential consumers with a bit of future security,”

We already have a social safety net sir. Haven’t you heard? 47 million Americans are on food stamps . You been asleep somewhere Rumplestiltskin?

“then you are never going to to have a critical mass of consumers to support a consumer-based economy.”

That’s funny. We had a critical mass of consumers supporting a broad based economy just a few years ago.

“Simply deregulating consumer credit, as has been done here for 2-3 decades, won’t cut it either.”

Deregulating consumer credit? Didn’t they just regulate credit cards with a new law a few years ago- thus making credit cards more expensive for everyone? The law of unintended consequences at work . You guys never learn do ya?

“Only genuinely widespread opportunity for a solid living income with some disposable income to boot can do that,”

So there is no widespread opportunity here? So is that why illegals that can’t read or write in their own language let alone speak English brave a dangerous 3,000 mile trip through dangers such as deserts to come here. Cause there’s no opportunity???

” and that requires access to education,”

Perhaps you missed the bit where I mentioned that we are spending more per capita then ever before. And perhaps you didn’t know that subsidizing college via student loans is at record levels. What were you saying again about access to education??? I couldn’t hear you. The facts kept getting in the way.

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“And of course if you’ve paid any attention to what’s been happening in Europe lately, you’ll know what a stupid idea cutting is”

And what’s stupid about cutting bloated benefits or govt? Or do you honestly think that spending money you don’t have is what works. Cause the Greeks are finding out the hard way it doesn’t. One thing that liberals have to learn is that eventually the bill comes due for the profligate welfare state. Exactly what is your solution when they wake up one day and there is no money in the Greek treasury to pay anyone. What then?

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moonbat betty
December 12th, 2012
10:06 pm

Doom, keep that boot firmly planted.

Just enought pressure to keep them squirming. lol

Moonbat,

What can I say. Its how I roll. Right now I got that size 13 boot planted firmly on occupation’s throat. I’m letting him catch a breath here and there. But when he comes back with some more ” workers of the world unite” crap or baseless rhetoric I’m gonna put the boot back down- a little more pressure of course.

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Doom, they want to punish the “rich”

You know, anyone that makes more than them.

Funniest thing I ever saw here recently was some moonbat decalare, “No one wants to be poor!”

Well no shyte.

Some don’t want to do the things necessary to do the things REQUIRED not to be poor.

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Mick, quit bringing up hypotheticals.

I don’t think we are talking about 50 somethings who just got laid off….

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Thulsa Doom
So the export of manufacturing keeps prices low for the employed in the
US. Unemployment benefits and food stamps compensates the
displaced workers for job loss. The global benefit exceeds the
problems in the US economy. Maybe you have something here.

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Thulsa Doom: j

“And what’s stupid about cutting bloated benefits or govt? ”

The problem with government has nothing to do with “bloat”, but with its capture by kleptocratic-corporate interests.

“Exactly what is your solution when they wake up one day and there is no money in the Greek treasury to pay anyone. What then?”

If you unfortunate enough to be like Greece and be trapped in a misbegotten doomsday machine of a currency union, you go under, perhaps sending the entire edifice toppling down.

We here in this country are under no such threat.

As to your previous post, too many issues to address all at once. But I’ll pick this one:

“Deregulating consumer credit? Didn’t they just regulate credit cards with a new law a few years ago- thus making credit cards more expensive for everyone? ”

I was not referring to actions taken since the crisis but to the trend generally of consumer credit — some of it of the loanshark payday-lender type — has stepped in in recent decades to pick up the slack and sustain consumer activity where income leaves off because of stagnating wages. What I’m referring to here is a structural feature of an economy that uses debt as a prosthetic consumerism, which can work for a time, but is no long-term solution.

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“The problem with government has nothing to do with “bloat”, but with its capture by kleptocratic-corporate interests.”

That’s just mindless rhetoric. Try again.

“I was not referring to actions taken since the crisis but to the trend generally of consumer credit — some of it of the loanshark payday-lender type — has stepped in in recent decades to pick up the slack and sustain consumer activity where income leaves off because of stagnating wages.”

I’m personally against the proliferation of these high interest loan operations as I think they prey on the poor.

“What I’m referring to here is a structural feature of an economy that uses debt as a prosthetic consumerism, which can work for a time, but is no long-term solution.”

Dude that sounds like just more gobbledeegook. If people get into debt problems the majority of the time its really just their own poor planning, not living within their means, or just plain stupidity. If people just refuse to live within their means that’s more of an IQ or cultural problem. That’s not some kind of “structural feature of the economy”.

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“people get into debt problems the majority of the time its really just their own poor planning, not living within their means ”

No. That’s wrong. Not when the means themselves are shrinking, even as the pie is getting larger and larger. That has nothing to do with the poor choices of individual consumers of debt, but is an indictment of an economic system — a model of wealth distribution — that is failing.

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“what do you consider government dependency?”

People that are on unemployment for 99 weeks, people that are on food stamps for years and years and people who have child after child that they can’t afford and expect the taxpayer to support them.

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Yet, the filthy hypocrites are fine with corporate and wealthy welfare.

Just give it a rest cons.

Nobody is buying your bs anymore.

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Jm,

Aint it great! The forces of freedom strike back!

I may have to get going guys. Gotta shower and maybe hit the hay. Ya’ll have a good night if I don’t come back.

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“As I showed earlier this evening the average family has had their purchasing power reduced 8% in the last 4 years. That goes directly to the hidden inflation caused by the money printing machine in Washington”

Utterly absurd. There was this little thing 4 years ago called a near-catastrophic systemic collapse. The implosion in employment that resulted has left the effects you’re referring to. But to refer to the numbers as you do from the last 4 years as though they’re just any 4 years is utterly stupid. Means nothing.

“That is on govt mismanagement and not the capitalist system ”

Nothing could possibly be further from the truth. It is ALL on the “capitalist system” which reaches all across the globe and into every corner of our life.

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Saying Michigan is a right to work state sounds like something out of Bill Murray comedy

Boggles the mind

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Furthermore, and crucially, government operates at the behest and as the structural condition of global capitalism. Far from being an impediment to it, it is its very condition of being.

Only right wing propaganda perpetuates the notion of an antagonism between the two because thats’ been shown to rile up the masses of confused and misinformed people.

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“Just give it a rest cons.”

As soon as you open your wallets and put our money where your mouth is.

For just $2600 a year out of your pocket getalfie, you too can sponsor America!!!

Or you could just give it to the moonbat.

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getalife
“Or you could just give it to the moonbat.”
………………………………..
Now that is a heckuva invitation…

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frog,

She is mooching.

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getalife
shhh..our president is shooting for a supermajority for his last 2 years..

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Mick: ” think not sir; reagan gets a Tip, obama gets a boehner,”

Just so he doesn’t ‘pull’ a boehner

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I don’t get kanye west…I guess his music is ok if you’re trying to get a headache – mission accomplished…

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Frog 11:20 bingo

I think right to work makes unions prove their value add more and listen to all their constituencies

They seem to work with management better too

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Jm
I think the unions realize that if a union is in place most will join from
peer pressure and companies get rid of a lot of personnel problems.

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“Utterly absurd. There was this little thing 4 years ago called a near-catastrophic systemic collapse. The implosion in employment that resulted has left the effects you’re referring to. But to refer to the numbers as you do from the last 4 years as though they’re just any 4 years is utterly stupid.”

Occupation,

Jesus H. Christ. Am I going to have to teach you basic economics starting from page 1? Sheesh. The W recession ended 6 months into Obama’s tenure. The decline in real purchasing power has to do with hidden inflation. The recession resulted in drops in income which is completely different from a drop in purchasing power. For God’s sake do you understand the most basic economics? Clearly you don’t understand the concept of what purchasing power is. God help us from these kooks!

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Do, not does

Oh well, late

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Barking frog,

You have some great points at 11:03.

Doomy out.

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All human beings have this kind of built in sense and awareness about things that sound to good to be true. The old adage is that if something sounds or feels like it is too good to be true, it probably is. History is littered with failed nations and individuals that ingored their sixth sense about that didnn’t quite sound right . . . that were probably too good to be true. A recent Exhibit A is perhaps, Bernie Madoff’s list of thousands of investors. We all see where they ended up.

So now, the American people are too take heart because of the Fed, the Fed that says that we will print just as much money as it takes to get unemployment down. We will run the printing presses until the cows come home. There isn’t an American family in the nation that has tried to make ends meet in the recent economy, and over the years, whose antennae don’t stand straight up at those words. Weimar Germany could be upon us in an instant — over night. Do you recall those old stories from the Great Depression about runs on banks suddenly starting up, and over within a couple of hours, with those at the end of the line getting nothing? When everyone figures out America cannot pay its debts, it will take less than 24 hours to bring this nation to its knees.

There have been those kinds of conspiracy e-mails, looney right and Rush Limabugh stuff, floating aroundon occasion, since Obama’s election, that the Treasury, the Fed, etc. have conducted a study on how and when to confiscate the 401-K’s, pension, and retirement funds of all Americans, so that those funds can elimiate the deficit, and retirements can be paid out from the government on an “as needed” basis, i.e.pure socialism. I have personally always dismissed any such wing nut cospiracy fantasies. But now, we have the chairman of the Federal Reserve Board saying that America will print however much phony, valueless, money is necessary to improve employment figures . . . and I wonder.

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“Weimar Germany could be upon us in an instant — over night.”

http://www.teevault.com/wp-content/uploads/2011/11/Now-Panic-and-Freak-Out-Tshirt.jpg

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Of the 264,209 households in Detroit, only 24,275 — or 9.2 percent — are married couple families with children under 18. Another 78,438 households — or 29.7 percent of the total — are “families” headed by women with no husband present. Of these, 43,742 have children under 18.

There were 12,103 babies born in Detroit in the 12 months prior to the Census Bureau survey, and 9,124 of them — or 75.4 percent — were born to unmarried women.

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“There were 12,103 babies born in Detroit in the 12 months prior to the Census Bureau survey, and 9,124 of them — or 75.4 percent — were born to unmarried women.”

… and your point?

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Cold and a little cloudy today (nowhere near as bitter as it’s been earlier this week) – rain tomorrow – but then, it’ll be sunny with a high of 51 on Saturday and Sunday. How long is he here?

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It is amazing to me that Republicans all in lockstep start making speeches about stabilization of the dollar. I think one of the extreme problems of the right is by their nature they are Johnny one notes to all solutions yet the note they sing doesn’t fix the problem. The left by definite is constantly pushing the envelop and thinking outside the box.

We have enemies who fight us with economic tools. To be predictable or one direction will allow a slow motion that even the dullest of the bunch will get our rhythm and cause harm. But no enemy is more harmful than Wall Street, who looks for selfish fish is the barrel shooting that leaves the rest of the country looking in, while they manipulate the markets. These introductions to the market allow the fly over country to participate and do not allow Wall Street, which is the reason for this recession, to coral the food supply. I guess they do hate it.

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wow – good luck to him!!

off to lunch …

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Is it at all surprising that the “reporter” may have been saying one thing but actually other events were happening. Like standing in front of someone who does not move and is far from a tent and yelling “don’t take down the tent”. It does appear as if the man who punched first came up off the ground. I don’t know. We don’t know his side. But we do know that some little whiny drama queen had a hissy fit yesterday based on clearly edited video. What appears clearer is that Fox and the reporter are clearly manipulating their idiot viewers and those who defend such manipulation on this blog. I hope the union sues Crowley and let’s get the real facts in a court of law under oath…but Fox viewers will not see it because Fox will not report it.

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mornin’.

Sir. All you have to do is study post ww 1 Germany, Zimbabwe, and a slew of other nations that began printing money to understand the effects of money printing on inflation.

Thulsa, if you’ve sobered up and are around this morning (I bailed last night well before Drunk O’clock), it’s this^^ kind of clueless, utterly irrelevant-to-the-conversation crapola that you post that has people dismissing any kind of actual economic prowess you might possess.

It’s kind of like when Romney played the “we’re gonna become the next Greece” card in the Presidential debates. You sort of surrender your authority when you have to reach for such absurd analogies.

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hey-Zeus, another self-inflicted wound, courtesy of Senator Steny.

Is our Democrats learning?

Hoyer says cutting debt will be the “single largest stimulus package that we could get for the economy”

We continue to be ruled by horrible people.

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stands for decibels economics escapes the right. Under the Bush administration they were lending easy credit money to anyone who could fog a mirror. Now trace that money and see who really benefited from this routine. The packager on Wall Street and million dollar bonuses to anyone who touch this lie they call MBSs. It would be like you selling cardboard boxes and claiming they were air conditions pocketing the money and giving your cohorts in crime bonuses for pulling it off. You had guys now at the bowling ally living large, you are talking about human inflation where with little skill level and no need for education or character you could spit in the face of the life your hard working parents lived and show em how dumb they had been. And now the air condition doesn’t work and these same Barney Flintstones want to blame the government for giving them the freedom to be so stupid. They want to now take the bread out of the mouth of the poor and old and weak so they can have another go at stupidity.

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Ah yes, another long term solution by our Democrat friends. Why didn’t we think of it before? All our problems are over, whew, I was worried that $23T in debt and double digit inflation increasing the burden on a stagnated economy was a serious problem. Turns out, we just needed to write another check. Hail Obama.

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So after allying us with outright racist elements in Libya, now it appears that the rebels in Syria we’ve just recognized are showing their true colors, threatening to execute the journalist they’ve kidnapped. Good folks. (http://www.guardian.co.uk/media/greenslade/2012/dec/12/journalist-safety-syria)

Nice job, Obama. George W. couldn’t have done it any better.

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i would have expected more Heritage trolls wailing about inflation.

and 1% defenders, “we gots to save the hoarders, fer freedum”

or something.

Maybe the Elders were right. Maybe this IS the Great Awakening.

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Dems will act like they value jobs but then regulate to kill them. The policies that Obama is following have been tried before. They result in long term stagnation and malaise. Then more and more rules to punish the productive. It’s an old story with a known ending but the stupid and the evil will always go along with more and more government and taxes on someone else.
Now we are beginning to see the second term avalanche of regulations and rules that will choke and discourage business. Big business will be fine because they love the protection that regulation offers. Small business will recede along with the innovation and jobs they create.
Well done, Barack.

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“Dems will act like they value jobs but then regulate to kill them”

aaaaaaaaaaaaaaaand I stopped reading.

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USinUK

Hell yes!

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Example of FOX selective editing: Barney Frank lashing out a woman at a town hall meeting on health care. In the video he looked foolish. What FOX didn’t show was the woman asking the question. She asked about “Obama’s Hitlerian health care plan” while holding a binder where the President had the Hitler mustache. That’s really in poor taste – especially to a Jewish man.

Had a co-worker railing against Frank until I showed him the whole clip. He just STFU!

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what FED left out is the FED is still buying $40 billion MBS’s (mortgage backed securities) per month from the BIG BANKS

all you little ignorant liberals and conservatives squabble all the while the 1% and Wall Street had never written off the MBS and they have been silently pushing them to the ledgers (THE FED) that are the responsibility of the America taxpayers…….

MITT had it wrong
its 48%
that extra 1% is getting way more beneifits than the 47%

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Alex I have been disappointed in Obama’s response to the street also. As for books being written the modern day lowering of the bar for publishing a book has polluted the definition of what we now call a “book”. Like Fox calling itself a “news network”. One minute of listening to Newt Gingrich presenting himself as the answer makes any ranting I have to offer sound like the burning bush and God’s voice. Alex when you find yourself calling fat girls beautiful and then questioning other people’s taste maybe it is time you look at your own values.

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