Here comes the other economic shoe dropping...

[Seth]

Let's face it. Those corporations and billionaires who are sitting on record piles of cash would hire more workers if only they had just a little more money and the gov't would let them pollute more!

No, they'll hire more workers when they have regulatory and tax certainty, something neither Obama nor Cass Sunstein is offering. Until they have predictable expenses of regulation and taxation, they're going to sit on their cash, as well they should.

[Coito ergo sum]

2d Q US GDP growth rate revised down to 1.3%. Awful. http://hosted.ap.org/dynamic/stories/U/ ... 7-08-36-59

Durable goods orders drop 13% http://www.cnbc.com/id/49192514

Depressingly weak, says Santelli....

[Ian]

Homebuilder confidence over the last 12 months experiences the highest increase in history.

Manufacturing jobs steadily increase since late 2009: longest growth stretch in over two decades.

Auto sales best since March 2008.

Where the economy will be a year from now: fuckifIknow. Maybe over a certain cliff...

[Coito ergo sum]

Homebuilder confidence over the last 12 months experiences the highest increase in history.

Manufacturing jobs steadily increase since late 2009: longest growth stretch in over two decades.

Auto sales best since March 2008.

Where the economy will be a year from now: fuckifIknow. Maybe over a certain cliff...

Sure, the economy is awesome. That's why they are doing an open-ended round of quantitative easing, because good times are just around the corner....

And, the average vehicle on the road right now is 11 years old. That's a record level.

So, there is pent up need. People will have to replace these old cars, so people are forced to get a new vehicle.

[Ian]

WHere did I say the economy was awesome?

[Coito ergo sum]

New foreclosure starts are up 9% -- http://money.cnn.com/2012/07/12/real_es ... /index.htm

[Coito ergo sum]

55 percent of small business owners would not start company today, blame Obama http://washingtonexaminer.com/55-percen ... GRfgI2uaSp

[Ian]

A poll commissioned by the NFIB. Strange that no mention was made of manufacturing employment rising steadily over the last three years. Curiously, the NFIB had 25 members, all Republican and many of them tea partiers, elected to congress as part of the GOP wave in 2010...

Coito, don't accuse me of saying the economy is rosy when I say you've got to get more objective sources. The Washington Examiner is about as unreliable as they come.

[Robert_S]

[Robert_S]

So, with a sluggish recover, but a recovery nonetheless, and a GOP which has placed itself in a position where what's good for the US is bad for them we have a shutdown and yet another looming debt crisis.

So perhaps the economic doomsday prediction has hope after all. If the Teabaggers want it bad enough that is.

[Randydeluxe]

It's getting more and more hilarious to occasionally re-visit the OP of this thread and consider how embarrassingly wrong the right wing has been when it comes to economics.

[pErvinalia]

Funny reading a Coito rant in the beginning and not seeing him blame Obama. How was all this economic gloom and doom not the fault of Obama? Who did you blame for stuff before you blamed Obama for everything, Coit?

[Tero]

That's a pile of bullshit if I ever heard one.

Nothing bad has happened? Talk about the record numbers of people in mortgage default. Talk about the record number of people who have lost their homes to foreclosure. Talk about the 9.9% unemployment rate in the US and the 10.6% in Ireland and the 17% in Spain....the 8.8% in France...and the 8.3% (and rising) unemployment rate in the European Union overall.

Talk about the record losses in people's U.S. 401k Plans and IRA's (or equivalent retirement savings accounts in other countries). People lost 30%, 40% and 50% - and more - of their savings due to the stock plunges. Talk about the people who have had to take record numbers of loans and early withdrawals from those plans, and suffer penalties.

Nothing real has happened? It's all just paper bets between big bankers? What a load of ignorant shit that was.

He is a comedian. Its a comedy show.

I played some stocks for a quarter. This quarter I lost $128. If I'd gone to the casino I would have got free drinks for that.

[Tero]

Funny reading a Coito rant in the beginning and not seeing him blame Obama. How was all this economic gloom and doom not the fault of Obama? Who did you blame for stuff before you blamed Obama for everything, Coit?

Libruls. Democrats.

[Coito ergo sum]

Funny reading a Coito rant in the beginning and not seeing him blame Obama. How was all this economic gloom and doom not the fault of Obama? Who did you blame for stuff before you blamed Obama for everything, Coit?

Libruls. Democrats.

It's not that i blame Obama willy nilly. It's just that I apply the same standard to Obama as you folks applied to Bush.