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whatthehey

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Member since: Wed Mar 13, 2013, 01:00 PM
Number of posts: 3,420

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The economy stinks, but we're just peachy, according to white working class.

http://money.cnn.com/2016/09/23/news/economy/white-working-class-economy/index.html?iid=H_BN_News

Oh what doomers and tin-foiled econ-"truthers" hath wrought with their endless bullshit about the falsity of official data and countless lies about the US economy.

Even if we ignore the intrinsic contradiction of the article's theme, their main gripes are just the result of the dunghills of lies they have absorbed thanks to doomers.

No, SSI isn't running out of money any time soon despite increased longevity and lower birth rates (in fact it only recently started paying out more than it takes in, and has an enormous muti-trillion dollar surplus), and can be easily rendered secure for the foreseeable future with minor tweaks.

https://www.ssa.gov/policy/docs/ssb/v70n3/v70n3p111.html

The US gives less in foreign aid than the vast majority of developed nations - just 0.19% of GDP (in polls, estimates hover around 28% - way to inform folks, guys), less than half that of beleagured Spain and below even basket-case Greece. Despite jingoistic attempts at revisionism, no, military imperial outposts don't count as foreign aid, although I'm sure a few bar and brothel owners in their host nations would miss them.

http://www.statisticbrain.com/countries-that-give-the-most-in-foreign-aid-statistics/

And the granddaddy of all doomer lies. We don't make disposable low-end clothing or cheap WalMart tchochkes that much these days, it's true. But people who can see past their own rectum know that this is because we are too busy making more valuable capital goods and higher profit higher-IP protected products as well as leveraging our natural resources (and no, Zephyr Buttercup, military hardware isn't even close to the top of manufacturing by category). 30% less industrial output than China!!!!! Well sure, with 75% less population that's an obvious travesty.

https://en.wikipedia.org/wiki/List_of_countries_by_GDP_sector_composition


But we're way down historically!!!! Nope - output has grown since the supposed manufacturing boom of the 70s. We make a crapload more, in constant dollars, now than we do then (this chart ends mid-recession and has increased greatly since btw), we just do so with fewer people.

http://mercatus.org/publication/us-manufacturing-output-vs-jobs-1975



In a likely vain attempt to stem panic

https://www.washingtonpost.com/news/the-fix/wp/2016/07/25/the-democratic-convention-is-chaotic-the-democratic-base-isnt/

We are not dealing with a huge unprecedented revolt here. On average Obama lost about 10% of actual Dems as is perfectly normal, let alone Green/DSA bandwagoners.

A rather jarring Canadianism

No it doesn't mean the same thing. No it doesn't make sense to be offended by use of phonemes that mean different things where they are more acceptable, but this one does indeed tend to cause a double take, and given how many Canadians live very close to the US I'm sure most of them are well aware of the US loading...


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Apparently this is a high fat but not whole milk option which doesn't show up as much under any name in the US that I've seen, but maybe it's something I've missed.

Primary Preference and GE Prediction Poll

Question raised by another thread which contrasted the two. While I'm sure much of the response will be based on what people WANT TO happen, I'm really asking what you THINK WILL happen *IF HILLARY IS THE NOMINEE*.

I'm asking the question this way partly because Sanders' path to the nomination is very unlikely, however regrettable that may be considered, partly because most of the angst posted here is about Clinton's chances in the GE, but mostly because ther aren't enough options to cover all eventualities.

It's the damned Mongols' fault

No it probably isn't, but who knows? I'm just channeling my inner Eric Flint and indulging in some alternate history. It is however very discouraging to look at the turmoil and horrors of a great part of the Islamic world today and compare it to the Islamic Golden Age, which essentially collapsed today in 1258 when the Mongols sacked Baghdad and broke the Abbasid caliphate.

Any thread mentioning Islam invariably gets at least one defensive response that Islamic regimes were once, and for centuries, far ahead of both Christian Europe and Imperial China in art, science, technology and learning. They gave the world great advances in math and engineering and government, as well as being far more tolerant and cosmopolitan than other regimes to outsiders.

All absoluitely true. That was under the Abbasids. Thanks, Mongols for fucking that up.

Now obviously it wasn't a toggle switch between the Abbasids and ISIS. The Ottomans had some good points without a doubt for a start, and the Mamluks weren't hell on earth either. Moorish Spain varied between enlightened pluralism and snappish oligarchy for another 200 plus years, but the great Golden Age of Islam died today in 1258. And while it's trendy to blame Euro-whitey for everything Islamic extremists do today, it's worth pointing out the Crusades petered out before the Abbasids did, and both the Mamluks and the Ottoman Turks suffered great humiliation at the hands of westerners without any similar responses. Heck the surviving outposts of the Abbasids didn't start kidnapping and beheading Mongols in 1258. Maybe they should have. Restoring THAT caliphate would not have been a bad thing.

US weekly jobless claims total 271,000 vs 275,000 estimate

Source: CNBC

The number of Americans filing for unemployment benefits last week fell from a five-month high, suggesting sustained labor market healing that could lead to further Federal Reserve interest rate hikes next year.


Initial claims for state unemployment benefits dropped 11,000 to a seasonally adjusted 271,000 for the week ended Dec. 12, the Labor Department said on Thursday. The prior week's claims were unrevised.

It was the 41st straight week that claims remained below 300,000, a threshold associated with strong labor market conditions. That is the longest such run since the early 1970s.


Read more: http://www.cnbc.com/2015/12/17/us-weekly-jobless-claims-dec-12-2015.html



Have I missed this today? Apologies if duplicated. Decent but not earth shattering stable news from the DOL today. Only the length of the sub-300k threshold string is all that noteworthy.

Remember these are INITIAL claims, a proxy for layoffs, and are not in any way affected by benefit expiry etc. They are reported by the DOL, of which the BLS, which provides UE data, is a distinct and separate reporting agency.

Just me or others not able to expand topics subfolders on left hand menu?

The little gray arrows just aren't working aat all for me. Same?
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