mr_genius Posted February 1, 2013 Share Posted February 1, 2013 (edited) Unemployment went up, GDP direction went negative again, something like 8.5 million people have just dropped out of the labor force since Obama's first term because they can't find a job, the economy has more new entrants in the work force than jobs created each month, and we are about to add another 13 million (11 million new citizens and about 2 million in additional guest worker visas) to the labor force. An usual recipe for an economic recovery from Obama. Edited February 1, 2013 by mr_genius Link to comment Share on other sites More sharing options...
StrangeSox Posted February 1, 2013 Share Posted February 1, 2013 At the current rate, we'll reach full employment again in about 2021, 14 years after the start of the recession. Link to comment Share on other sites More sharing options...
mr_genius Posted February 1, 2013 Share Posted February 1, 2013 QUOTE (bmags @ Jan 30, 2013 -> 10:19 AM) http://www.slate.com/blogs/moneybox/2013/0...45_percent.html nice Link to comment Share on other sites More sharing options...
mr_genius Posted February 1, 2013 Share Posted February 1, 2013 QUOTE (StrangeSox @ Feb 1, 2013 -> 01:32 PM) At the current rate, we'll reach full employment again in about 2021, 14 years after the start of the recession. The glass is half full view, I can appreciate that. Link to comment Share on other sites More sharing options...
StrangeSox Posted February 1, 2013 Share Posted February 1, 2013 (edited) lol edit wait no Edited February 1, 2013 by StrangeSox Link to comment Share on other sites More sharing options...
Jenksismyhero Posted February 1, 2013 Share Posted February 1, 2013 QUOTE (mr_genius @ Feb 1, 2013 -> 01:29 PM) Unemployment went up, GDP direction went negative again, something like 8.5 million people have just dropped out of the labor force since Obama's first term because they can't find a job, the economy has more new entrants in the work force than jobs created each month, and we are about to add another 13 million (11 million new citizens and about 2 million in additional guest worker visas) to the labor force. An usual recipe for an economic recovery from Obama. Feel better though, Obama ended his oh-so-successful jobs commission. Link to comment Share on other sites More sharing options...
Balta1701 Posted February 1, 2013 Share Posted February 1, 2013 QUOTE (Jenksismyb**** @ Feb 1, 2013 -> 03:33 PM) Feel better though, Obama ended his oh-so-successful jobs commission. They must have no longer needed it. After all, he proposed a major jobs bill 18 months ago and Congress decided it didn't need to happen, so they must all have agreed that the job market is fine. Link to comment Share on other sites More sharing options...
StrangeSox Posted February 1, 2013 Share Posted February 1, 2013 DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT Link to comment Share on other sites More sharing options...
mr_genius Posted February 1, 2013 Share Posted February 1, 2013 QUOTE (Jenksismyb**** @ Feb 1, 2013 -> 02:33 PM) Feel better though, Obama ended his oh-so-successful jobs commission. ah yes the jobs czars. Obama is going along with some of their recommendations, like giving out millions of guest worker visas to create a pool of cheap labor and increase unemployment. well done Mr President. Link to comment Share on other sites More sharing options...
mr_genius Posted February 1, 2013 Share Posted February 1, 2013 QUOTE (StrangeSox @ Feb 1, 2013 -> 02:42 PM) DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT DEFICIT DEBT the GOP supports your unlimited spending and debt crusade. i don't see what you're upset about. Link to comment Share on other sites More sharing options...
StrangeSox Posted February 6, 2013 Share Posted February 6, 2013 CBO has some new debt projections out: can we please get back to worrying about the 5% GDP output gap and the +7% unemployment now?? Link to comment Share on other sites More sharing options...
Balta1701 Posted February 7, 2013 Share Posted February 7, 2013 Anonymous broke into the Federal Reserve's computers and at the very least has published personal information and login passwords of quite a few bank executives. Link to comment Share on other sites More sharing options...
bmags Posted February 7, 2013 Share Posted February 7, 2013 QUOTE (Balta1701 @ Feb 7, 2013 -> 01:01 AM) Anonymous broke into the Federal Reserve's computers and at the very least has published personal information and login passwords of quite a few bank executives. I hope they all get prosecuted and thrown in jail. Not talking about the execs. Link to comment Share on other sites More sharing options...
mr_genius Posted February 7, 2013 Share Posted February 7, 2013 QUOTE (bmags @ Feb 7, 2013 -> 12:00 PM) I hope they all get prosecuted and thrown in jail. I hope they don't get caught Link to comment Share on other sites More sharing options...
Cknolls Posted February 7, 2013 Share Posted February 7, 2013 QUOTE (StrangeSox @ Feb 6, 2013 -> 11:18 AM) CBO has some new debt projections out: can we please get back to worrying about the 5% GDP output gap and the +7% unemployment now?? GIGO! Link to comment Share on other sites More sharing options...
Balta1701 Posted February 8, 2013 Share Posted February 8, 2013 QUOTE (Cknolls @ Feb 7, 2013 -> 06:10 PM) GIGO! Gesundheit. Link to comment Share on other sites More sharing options...
StrangeSox Posted February 15, 2013 Share Posted February 15, 2013 (edited) So it turns out that the "task force" that was part of the mortgage fraud settlement with all of the states attorneys general never really existed or did anything, further proving just how terrible that settlement was. http://www.salon.com/2013/02/13/wall_street_wins_again/ this was the last part of the fraud: QUOTE (StrangeSox @ Nov 15, 2012 -> 11:44 AM) I know this came up way back when the banks were signing that bogus settlement agreement with the various states' attorneys over their fraudulent foreclosures, but turns out that the banks will be using investor money to write down mortgages they may or may not own: In a surprising revelation, the Charlotte, N.C., lender also said that more than half of the nearly $5 billion in principal reductions will be paid for by investors, not the bank itself. That matters little to delinquent borrowers who saw their monthly payments reduced, but it is sure to anger investors who have argued that they should not have to be punished for banks’ mistakes. Whether B of A’s report is indicative of progress other banks are making in complying with the landmark settlement won’t be known until Joseph A. Smith, the settlement’s monitor, issues his own progress report on Monday. http://www.nakedcapitalism.com/2012/11/que...e-to-roost.html Edited February 15, 2013 by StrangeSox Link to comment Share on other sites More sharing options...
StrangeSox Posted February 15, 2013 Share Posted February 15, 2013 Emmanuel Saez has an updated paper out looking at income distributions. The top 1% have captured 121% of income growth since 2009. http://www.scribd.com/doc/125269359/Gettin...her-Edmund-Saez Link to comment Share on other sites More sharing options...
southsideirish71 Posted February 19, 2013 Share Posted February 19, 2013 QUOTE (StrangeSox @ Feb 15, 2013 -> 08:37 AM) Emmanuel Saez has an updated paper out looking at income distributions. The top 1% have captured 121% of income growth since 2009. http://www.scribd.com/doc/125269359/Gettin...her-Edmund-Saez Great another study by Karl. Maybe he can follow it up with another cry for 70 to 80% tax rates on the rich. Link to comment Share on other sites More sharing options...
StrangeSox Posted February 19, 2013 Share Posted February 19, 2013 The laffer curve is only useful if it can be used to call for ever-lower tax rates! Link to comment Share on other sites More sharing options...
Y2HH Posted February 19, 2013 Share Posted February 19, 2013 QUOTE (StrangeSox @ Feb 19, 2013 -> 08:22 AM) The laffer curve is only useful if it can be used to call for ever-lower tax rates! Everybody wants more and better services, but nobody wants to pay for it. Link to comment Share on other sites More sharing options...
southsider2k5 Posted February 19, 2013 Share Posted February 19, 2013 QUOTE (Y2HH @ Feb 19, 2013 -> 09:16 AM) Everybody wants more and better services, but nobody wants to pay for it. The Homer Simpson plan. Can't someone else do it! Link to comment Share on other sites More sharing options...
mr_genius Posted February 19, 2013 Share Posted February 19, 2013 QUOTE (southsider2k5 @ Feb 19, 2013 -> 09:22 AM) The Homer Simpson plan. Can't someone else do it! Obama basically used that exact Homer Simpson political blue print to win 2 elections. Link to comment Share on other sites More sharing options...
Balta1701 Posted February 19, 2013 Share Posted February 19, 2013 QUOTE (mr_genius @ Feb 19, 2013 -> 12:40 PM) Obama basically used that exact Homer Simpson political blue print to win 2 elections. And Bush used it to launch 2 wars. Does anyone have anything to say other than non-funny one-liner attempts? Link to comment Share on other sites More sharing options...
Y2HH Posted February 19, 2013 Share Posted February 19, 2013 QUOTE (Balta1701 @ Feb 19, 2013 -> 01:46 PM) And Bush used it to launch 2 wars. Does anyone have anything to say other than non-funny one-liner attempts? No, and apparently, neither do you. Link to comment Share on other sites More sharing options...
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