I'm not seeing the benefit of "Stimulus" to anyone except the insiders who engage in crony capitalism. Decent people seem to be hardest hit as they are pushed out of the work force.
Posted on 04/24/2013 7:28:40 AM PDT by SeekAndFind
I'm not seeing the benefit of "Stimulus" to anyone except the insiders who engage in crony capitalism. Decent people seem to be hardest hit as they are pushed out of the work force.
Well said, sir. Well said.
Krugman’s plan worked for say 6 months or so - at the cost of what? Borrowing and spending.
Now he is trying to cover up the true nature by fiddling with the debt/GDP ratio and trying to hide the actual debt load being carried by the United States.
This makes me furious. It’s one thing to trash the credit and reputation of America - which will take a long time to repair, quite another to lie to the people of the United States to make it difficult to uncover what is actually going on. This is the route to bankruptcy and disaster.
RE: Yes! .01% growth and 7.5% unemployment is PROOF that this approach works.
Whenever I see someone tout the so called 7.5% or 7.6% unemployment rate, I know that he is IGNORING THE RECORD NUMBER OF PEOPLE WHO HAVE DROPPED OUT OF TH WORKFORCE WHO ARE *NOT* (REPEAT *NOT* ) COUNTED when they do this monthly survey.
All it did was to make the inevitable collapse even worse.
Get back to me Henry when we are spending a Trillion dollars a year just in interest alone on the National Debt. That should be sometime near the end of Obama’s term.
Mmmmmmm look at the brain on that guy! I definitely want to take financial advice from him!
Heh. The Krugtrollpig (or was it pigtroll?) can go back to spit shining his fake nobel prize. I am not interested in listening to his mantra of spend spend spend spend spend till we all die.
If a group of thugs owned a body shop and took sledge hammers to my car, I would not take my car to their body shop for repair. That is effectively what Blodget is arguing.
“Consider the source. Permanently banned from the securities industry due to fraud.”
Yep. Henry was the number one shill for the dot.com pump, dump, and bust industry, i.e., the bubble/recession prior to this current one back in good ol’ 2K. Henry really ought to be in jail. If this had been in China, Henry would have been one of the ones with a bullet to the back of the skull as a little lesson to the rest.
He’s probably not too concerned about bankrupting the U.S. anyway because he probably figures he’s got his and can dash away to some safe place and save himself when the SHTF.
If Obama really wanted to “level the playing field”, he would tax Chinese imports and leave internet sales alone. That’s about the only thing that will bring those lost jobs and revenues back. He won’t though. Remember, we had negative GDP last quarter until he had the statistics revised. also, a $15.86 trillion GDP and a $17 trillion debt means debt is 107% of GDP. I’d say this so called “free trade” isn’t working and, as such, it’s getting tougher to make the smoot hawley argument against tariffs. No amount of logic and reason will change the course of this ship though. We are doomed to hit the iceberg even though we can all see it coming.
Try playing the game “Monopoly” by eliminating the mortgage limits on the back of the deeds . . . 100% financing. It is an interesting lesson about the money supply.
http://data.bls.gov/pdq/SurveyOutputServlet
There’s the source for this!
Excellent post, sir.
In March of 2013 - the number was 63.3 percent labor force participation - a number last matched in May of 1979.
To give you an idea - in December of 1955, the rate was 60.2.
Measuring peak to trough, we have already unwound the gains of the 80’s and 90s. Now were unwinding the gains of the 70s. All you boomers hitting the workforce from 1973 onwards, drove this rate from 60.2 in the 50s all the way up to 63.3 in 1978. Took 5 years to get there. I wonder how long it will take to give it all back.
Yeah, the real problem is that Americans do too much business and trade abroad.
I bet if we tighten that up people will prosper.
How about getting rid of that HHS? Actual cuts in government spending? Ending Qinfinity?
Bad economic policy = Bad economy.
Umm. It's a miracle?
Or, Is the outfit who prints the money keeping rates "stubbornly low" - - for now?
Who but the Democrats' own economy propaganda rag, 'Business Insider', could proclaim in the middle of an ongoing depression that Paul Krugman was right?
Calvin Coolidge.
Well, there’s still time for a course correction.
That’s like saying Keynes won because of the 1930’s, and it requires ignoring the 1981-2008 economic boom fueled by supply side economics. Morons.
True. was just taking the ‘official’ numbers to make the point. The reality is much, much worse.
> Whenever I see someone tout the so called 7.5% or 7.6% unemployment rate, I know that he is IGNORING THE RECORD NUMBER OF PEOPLE WHO HAVE DROPPED OUT OF TH WORKFORCE WHO ARE *NOT* (REPEAT *NOT* ) COUNTED when they do this monthly survey.
I’ve heard that the true unemployment number is near to 16 % and possibly as high as 21 %. Everyone I know has taken a significant hit to their income under the current regime.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.