HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » Video & Multimedia (Forum) » Pic Of The Moment: More T...
Introducing Discussionist: A new forum by the creators of DU

Fri Feb 1, 2013, 11:43 AM

Pic Of The Moment: More Terrible Economic News (For Republicans)



U.S. Manufacturing Shows Fastest Growth In 9 Months

U.S. Stocks Rise as Jobs Report Shows Increase in Hiring

Dow Jones Industrial Average hits 14,000

24 replies, 4467 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 24 replies Author Time Post
Reply Pic Of The Moment: More Terrible Economic News (For Republicans) (Original post)
EarlG Feb 2013 OP
BlancheSplanchnik Feb 2013 #1
freshwest Feb 2013 #18
denverbill Feb 2013 #2
freshwest Feb 2013 #19
WhiteRocker Feb 2013 #20
freshwest Feb 2013 #22
Motown_Johnny Feb 2013 #3
wickerwoman Feb 2013 #4
NightOwwl Feb 2013 #5
WhiteRocker Feb 2013 #21
siligut Feb 2013 #6
oldandhappy Feb 2013 #7
Downtown Hound Feb 2013 #8
underpants Feb 2013 #11
Lord Magus Feb 2013 #23
pbrower2a Feb 2013 #12
rhett o rick Feb 2013 #9
Plucketeer Feb 2013 #10
Fedaykin Feb 2013 #13
SunSeeker Feb 2013 #14
ffr Feb 2013 #15
rosesaylavee Feb 2013 #16
Fedaykin Feb 2013 #17
ProudProgressiveNow Feb 2013 #24

Response to EarlG (Original post)

Fri Feb 1, 2013, 11:44 AM

1. rec number ONE

Reply to this post

Back to top Alert abuse Link here Permalink


Response to BlancheSplanchnik (Reply #1)

Sat Feb 2, 2013, 04:01 AM

18. Ha! And OFA has been making trouble, too. A pic from December.



Santa told Ryan his stocking would be filled with coal if he didn't watch out. Stay tuned for more OFA actions staying on the GOP like white on rice...


Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 11:49 AM

2. The economy is being strangled under oppressive communist regulations by that dictator!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to denverbill (Reply #2)

Sat Feb 2, 2013, 04:02 AM

19. Opinions vary at this juncture...

Last edited Sat Feb 2, 2013, 06:42 PM - Edit history (1)







Reply to this post

Back to top Alert abuse Link here Permalink


Response to freshwest (Reply #19)

Sat Feb 2, 2013, 06:29 PM

20. Governors of republican states dropping jobs

How are Republicans fighting progress in America? Laying off state workers mostly people of colour. Its their strategy to make Obama Democrats look bad . If they (republicans ) cared for America they would be behind the President of All the United States. Obama a socialist??? no ,Far from that. You can hide be hind NRA or Tea Party but we can see you Gun Industry.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to WhiteRocker (Reply #20)

Sat Feb 2, 2013, 06:42 PM

22. Um, perhaps that would have been better addressed to the person to whom I was replying.

Or maybe I should have added for clarification.

Yes, they do all they can to make Obama, Democrats and government in general look bad in order to push privatization schemes, where they will only give contracts to their friends:

Fascism should more properly be called corporatism because it is the merger of state and corporate power.

~ Benito Mussolini

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 01:01 PM

3. Damn That Job Killing ObamaCare !!!!!!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 01:08 PM

4. Keep going Galt job creators

obviously it's working.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 01:26 PM

5. See what happens

when America elects a Kenyan-born Socialist Muslim President!!1!!!1!!!!!111!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to NightOwwl (Reply #5)

Sat Feb 2, 2013, 06:34 PM

21. Oh Yeah

The Berthe's ,how could we forget.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 01:36 PM

6. Yes, CNBC is making sure to hedge the good news

"Things aren't good, so we don't know why they are", this is schizophrenic cognitive dissonance.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 03:41 PM

7. giggle

enjoyed this

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 05:20 PM

8. I've always believed that this is the main reason why they so desperately wanted to make Obama a

one-termer. They knew that if he won a second term, the economy would truly begin to mend during his second administration, and they would be left with having to explain to America why the last two Democratic presidents were so successful economically and the only guy they managed to sneak their way into office left America in financial ruin. If they had managed to get Romney in, and the economy began to mend on its own, they could take credit for it, even though not a single Republican voted for the economic stimulus and were responsible for the death of the American Jobs Act.

Basically, 40 years of Republican propaganda about how they are economic geniuses shot to hell in in a mere four extra years. Whereas Democrats are going to be heading into 2016 very strongly, especially with the changing demographic factors.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Downtown Hound (Reply #8)

Fri Feb 1, 2013, 07:10 PM

11. That is it exactly - same with Obamacare, they know it will work and become popular

Part of Romney's stump speech was that he would "create 12 million new jobs" --well in little reported news most economists think that the next 4-6 years will see about that gain anyway just as a matter of normal correction from a drastic economic downturn.

40 years of the Republican pillars - economics and defense - dissolved around them in the Bush years. I think it was Bill Maher (if that is important to you) who once said "We hire Republicans to be dicks. Bust the criminals and watch our money." something like that.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to underpants (Reply #11)

Sat Feb 2, 2013, 07:46 PM

23. That's why it infuriates me that conserva-Dems insisted on delaying most of Obamacare until 2014.

If it had all kicked in immediately after passage, the Tea Party debacle of 2010 might've been averted.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to Downtown Hound (Reply #8)

Fri Feb 1, 2013, 08:52 PM

12. President Obama was going to adopt the old conservative virtues...

before the Republicans had a chance to do so!

Yes, the old conservative virtues. Thrift, enterprise, patience, fair play in the workforce (well, the Right resists that). Under Dubya the Right linked itself to low pay, despotic management, fear, and reckless speculation. Bad as low pay, despotic management, and fear, bad as they were, together did less harm than the reckless speculation.

If you think Dubya was bad, wait until you look at the model of Bain Capital -- grab assets and leave a shell. All too often his vulture capitalism left a wreck because it grabbed assets necessary for the survival of the company.

In view of what the Republican-dominated State legislature is doing in Michigan (trying to make the state a land of sweatshops in which management is brutal and pay is a farce), just think of what America would be like after four years of Romney even without a return to the Depression trajectory that America was on between late 2007 and early 2009. As economic inequality in America begins to resemble that of Apartheid-era South Africa, the economy would surely collapse due to the ruin of the middle class.

Oh, well, we are spared that. My investments are doing well again.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 05:41 PM

9. k&r

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 06:01 PM

10. Yeah...

I wanna CRY!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 09:29 PM

13. Really?

 

Cheerleaders for Obama??
"...despite $13 trillion in free, no interest money given to banks, investors, and speculators by the US federal reserve for five years now, the banks still continue to dribble out lending to small-medium US businesses. No loans mean no investment mean no hiring mean no income growth for consumption, which is 70% of the economy. Similarly, large non-bank corporations continue to sit on more than $2 trillion in cash. Like the banks, they too refuse largely to invest in the US to create jobs, preferring to hold the cash, or use it to buyback stock and pay shareholders more dividends, to invest it offshore, or to invest it in speculating with financial instruments like derivatives, foreign exchange, commodities futures, and the like.

At the same time, the bottom 80% of households, more than 110 million, are confronted with 5 years now of continuing real disposable income stagnation or decline. This income stagnation and decline translates into insufficient income to stimulate consumption spending, which makes up 71% of the US economy. What spending exists is fundamentally credit driven, not income driven. Thus car loans, student loans, credit cards, and installment loans rise and with it household ‘debt’.

The problem with the US economy therefore is fundamentally twofold: not only insufficient income but growing household debt. Together they result in consumption becoming increasingly ‘fragile’ (an income to debt ratio term), and therefore unable to play its historic role of generating a sustained economic recovery. Together, fiscal-monetary policies are rendered increasingly ‘inelastic’ in generating recovery as ‘multipliers’ collapse—to use economic jargon. The outcome of all this is ‘stop go’ recoveries, bumping along the bottom, or what this writer has called an ‘epic’ recession."
Oh dang, reality...http://www.zcommunications.org/us-gdp-on-the-road-to-double-dip-by-jack-rasmus

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 10:22 PM

14. K&R

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 11:36 PM

15. It's a bubble, not a trend.

Can't be a trend. Just can't. And what am I going to do with my stockpiles of ammo a MREs?

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Fri Feb 1, 2013, 11:59 PM

16. I work for a company in the construction industry.

Yesterday we posted the most productive day in the history of our firm. Think it started in 2000. If construction is coming back, the economy is too.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to rosesaylavee (Reply #16)

Sat Feb 2, 2013, 02:38 AM

17. Well that's great news...

 

Last edited Sat Feb 2, 2013, 03:13 AM - Edit history (1)

...for now. Just remember to get ready for the next bubble that's about to burst as the Fed continues to buy Mortgage Backed Securities to keep the too big to fail banks afloat.
First time home buyers, the backbone of stability in the real estate markets, are down 175,000.
Despite the increasingly positive signs of market strength, there are reasons to be skeptical, after all, this is the second time that prices and sales rallied since the bottom fell out in 2006. The first rebound took place in 2009, when President Barack Obama initiated his First time Homebuyer program which provided lavish incentives for potential buyers to sign on the bottom line. The program sparked a frenzy of activity that reversed the direction of the market, but quickly petered out in a matter of months. Could today’s sudden surge in prices be another “false start” or is it the real deal? Only time will tell. But it’s worth noting that the market has never really cleared and that normal supply-demand dynamics have never been allowed to work as one would expect in a free market. In fact, housing is arguably the most maligned and manipulated market of all time. Mortgage rates are artificially low due to Fed intervention (QE3). Inventory is artificially low due to the banks withholding of distressed backlog. Down payments are so minuscule (FHA=3.5%) that homebuyers end up leveraged at a 30 to 1 ratio, the same as the big Wall Street investment banks prior to the Crash of ’08. And, finally, government-backed mortgage modifications (HAMP) provide generous refinancing to high-risk “underwater” applicants with LTV at 125%, a process that makes subprime mortgages look like a model of prudent lending. So much is fake about today’s housing market, that it’s a stretch to call it a market at all.

The derivatives market bubble was a carefully constructed house of cards, deliberately created with the help of multiple agencies and institutions. The private Federal Reserve had to artificially lower interest rates and inject trillions upon trillions into the housing market, the international banks had to invest those trillions into mortgages that they KNEW were toxic and likely never to be repaid. The Federal Government had to allow those mortgages to then be chopped up into derivatives and resold on the open market. The ratings agencies had to examine those derivatives and obviously defunct mortgages and then stamp them AAA. The SEC had to ignore the massive fraud being done in broad daylight while sweeping thousands of formal complaints and whistle blowers under the rug.

This was not some “random” event caused by uncontrolled “complexity”. This was engineered complexity with a devious purpose. The creation of the derivatives collapse was done with foreknowledge, at least by some. Goldman Sachs was caught red handed betting against their OWN derivatives instruments! Meaning they knew exactly what was about to happen in the market they helped build! This is called Conspiracy…
Bail outs to banks don’t necessarily result in lending to businesses and consumers. Why? Because the bail out money is either hoarded (i.e. remains bottled up in the banks in the form of record excess reserves amounting to $ trillions) or is loaned by the banks mostly to professional speculators and investors who realize highly profitable, quick returns in speculative markets (stocks, junk bonds, derivatives, commodities futures, ETFs, etc). The Fed’s QE money injections thus do not produce sustained economic recovery for the general economy. In the last 6 months a tsunami of money coming into the market” from deep-pocket speculators. That’s your “recovery” in a nutshell.
Fool me once, shame on you, fool me twice, shame on me!

Here's an article that is worth noting...
""Housing starts at 894,000 is near where they were at the depths of the 1981 and 1991 recessions and 60 percent below the peak in January 2006," pointed out Peter Boockvar at Miller Tabak...."
http://www.cnbc.com/id/49901568/Yes_Housing_Starts_Surge_but_Rentals_Are_the_Drivers

Reply to this post

Back to top Alert abuse Link here Permalink


Response to EarlG (Original post)

Sat Feb 2, 2013, 08:55 PM

24. K&R nt

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread