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.Gerald McGrew wrote: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!
Here comes the other economic shoe dropping...
Re: Here comes the other economic shoe dropping...
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© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.
"All that is required for the triumph of evil is that good men do nothing." Edmund Burke
"Those who support denying anyone the right to keep and bear arms for personal defense are fully complicit in every crime that might have been prevented had the victim been effectively armed." Seth
© 2013/2014/2015/2016 Seth, all rights reserved. No reuse, republication, duplication, or derivative work is authorized.
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Re: Here comes the other economic shoe dropping...
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....
Durable goods orders drop 13% http://www.cnbc.com/id/49192514
Depressingly weak, says Santelli....
Re: Here comes the other economic shoe dropping...
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...
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...
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Re: Here comes the other economic shoe dropping...
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....Ian wrote: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...

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.
Last edited by Coito ergo sum on Thu Sep 27, 2012 2:05 pm, edited 1 time in total.
Re: Here comes the other economic shoe dropping...
WHere did I say the economy was awesome? 

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Re: Here comes the other economic shoe dropping...
New foreclosure starts are up 9% -- http://money.cnn.com/2012/07/12/real_es ... /index.htm
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Re: Here comes the other economic shoe dropping...
55 percent of small business owners would not start company today, blame Obama http://washingtonexaminer.com/55-percen ... GRfgI2uaSp
Re: Here comes the other economic shoe dropping...
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.
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.
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Re: Here comes the other economic shoe dropping...

What I've found with a few discussions I've had lately is this self-satisfaction that people express with their proffessed open mindedness. In realty it ammounts to wilful ignorance and intellectual cowardice as they are choosing to not form any sort of opinion on a particular topic. Basically "I don't know and I'm not going to look at any evidence because I'm quite happy on this fence."
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-Mr P
The Net is best considered analogous to communication with disincarnate intelligences. As any neophyte would tell you. Do not invoke that which you have no facility to banish.
Audley Strange
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Re: Here comes the other economic shoe dropping...
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.
So perhaps the economic doomsday prediction has hope after all. If the Teabaggers want it bad enough that is.
What I've found with a few discussions I've had lately is this self-satisfaction that people express with their proffessed open mindedness. In realty it ammounts to wilful ignorance and intellectual cowardice as they are choosing to not form any sort of opinion on a particular topic. Basically "I don't know and I'm not going to look at any evidence because I'm quite happy on this fence."
-Mr P
The Net is best considered analogous to communication with disincarnate intelligences. As any neophyte would tell you. Do not invoke that which you have no facility to banish.
Audley Strange
-Mr P
The Net is best considered analogous to communication with disincarnate intelligences. As any neophyte would tell you. Do not invoke that which you have no facility to banish.
Audley Strange
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Re: Here comes the other economic shoe dropping...
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.
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Re: Here comes the other economic shoe dropping...
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?
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"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
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Re: Here comes the other economic shoe dropping...
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.Rum wrote:He is a comedian. Its a comedy show.Coito ergo sum wrote:born-again-atheist wrote:
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.
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Re: Here comes the other economic shoe dropping...
Libruls. Democrats.rEvolutionist wrote: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?
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Re: Here comes the other economic shoe dropping...
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.Tero wrote:Libruls. Democrats.rEvolutionist wrote: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?
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