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So if the Dow is high, the solution is that it must be presaging a crash. If the Dow is low, that must mean we're in a recession. If we're not in a recession, that means that we're in a depression, and if we have a good month, that just means the next one will be the worst evah.
And underneath it all lives the beloved self-fulfilling prophecy machine of the U.S. House of Representatives. We can make the economy crash, because it's so important to deal with debt -- and nothing else -- now.
Eh well, I suppose it's nice that so many pubbies are starting to fold on their social "issues" in exchange for the right to drive the U.S. to another economic catastrophe. If they get their way, we can all have choice in our love-lives and medical care, so long as we're eating out of the garbage cans of the fortunate few.
Of course, it's equally possible that they'll cave on the economic issues as well; a significant number of them are aware that people are sick of their "austerity for the many, socialism for the rich" agenda.
PFnV
There it is...RIGHT THERE!! That awful little 4-letter word, "Rich".
__________________ "No one walking this earth knows what is truly righteous"
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Re: This Week in our Recession - January 13-18 2013
Quote:
Originally Posted by IcyPatriot
The politics of it all is don't cut this and don't cut that ... the reality is we spend more than we take in.
The politics of it is we need to increase GDP/economy ... the reality is the world in in recession and there are realistically no markets to exploit at this time to increase GDP.
IMO ... we need to raise taxes a bit - expand who pay taxes a bit and find ways to lure companies back to the USA. We need to cut everything except that which affects the elderly and the very poor ... not all the poor but the very poor. Sorry but this country cannot level the playing field as some wish. the reality is some will be poor and some will be rich - every country has this. We need to slowly shrink the military complex ... slowly but it must be done - let someone else exploit the world.
rant complete.
Excellent post Icy! Thanks.
__________________ "No one walking this earth knows what is truly righteous"
Re: This Week in our Recession - January 13-18 2013
Quote:
Originally Posted by PatsFanInVa
"Rich" might technically be a four-letter word, but nobody uses it that way. That's another Beck/Rushbo meme you've swallowed hook, line, and sinker.
What's curious is that we still don't see the obscenity in poverty.
PFnV
Poverty is a human condition that has existed since we came out of our caves 45K years ago...certainly it takes on a different manifestation in more modern times....but our species has always had some who have more and some who have less.
Are your referring to the obscenity in the sense that we haven't cured it?
I would argue that we can't cure it (completely anyway). We can "protect" the poor/disabled/sick et al through modern means but the condition of poverty will exist for all times, especially as long as our species outnumbers the sustainability of the only planet we have yet colonized.
Freedom from want is an awesome theory....but it still requires someone else to fill that want. Another example of where theory doesn't equal real world application.
PS: Note I am not arguing for any counter - this isn't a "eff the poor, give subsides to the rich". Just simply stating my opinion that poverty is a constant...like the Earth revolving around the Sun.
Re: This Week in our Recession - January 13-18 2013
Quote:
Originally Posted by PatsFanInVa
"Rich" might technically be a four-letter word, but nobody uses it that way. That's another Beck/Rushbo meme you've swallowed hook, line, and sinker.
What's curious is that we still don't see the obscenity in poverty.
PFnV
Why do all your replies to me contain personal innuendo's lately PFiVA? Everything ok?
I have never even listened to or watched either man. There both extremist and I don't like conservative extremists or liberal extremists....I find them to be equally vile.
If you don't believe in poverty, then that would imply you think everyone should be living at middle class standards. And that's not possible
__________________ "No one walking this earth knows what is truly righteous"
Re: This Week in our Recession - January 13-18 2013
Liberals love poverty, they like to "use it" in their agenda's.
Rich People
John (Fonda Long Jaw) Kerry is the richest senator in America, he sails his yacht all over the Atlantic Ocean trying to avoid paying taxes.
Rich liberals are now getting very nervous, rich successful people are now the new targets for Destruction by the Sappy Left Wing Liberal Moonbats.
20 million illegal alien votes for the moonbats
__________________
Harry Boy (Genius)
In The Absence Of Law And Order Society Will Surely Destroy Itself
Re: This Week in our Recession - January 13-18 2013
Quote:
Originally Posted by PatriotsReign
If you don't believe in poverty, then that would imply you think everyone should be living at middle class standards. And that's not possible
There is an older saying, by Sister Corita Kent I believe, that goes something like, "Don't take the people out of slums, take the slums out of people".
The goal should be the eradication of poverty, whether it is achievable or not is a different story. The Bible says to help the poor over 2,000 times, it does not say to help the rich once.
I am in New Orleans, and every time I come the divide is more and more apparent and nowhere more apparent than around super bowl time. Between Kahn's superyacht anchored in the Mississippi, to the 88,000 sq. ft. "tent" erected ourside Mardi Gras World, to every venue being booked by corporations and wealthy individuals, to every hotel room sold out at a premium price... while those that work in the "hospitality industry" scurry about meeting the needs of these folks, most working for minimum wage.
__________________ "Being the best doesn't mean you always win. It just means you win more than anyone else".. tweet from Kurt Warner to Tom Brady.
Re: This Week in our Recession - January 13-18 2013
Quote:
Originally Posted by PatsFanInVa
"Rich" might technically be a four-letter word, but nobody uses it that way. That's another Beck/Rushbo meme you've swallowed hook, line, and sinker.
What's curious is that we still don't see the obscenity in poverty.
PFnV
I read an article on Yahoo Finance in which the author and you agree upon gov't policy to address our economy.
Here's a clip from Rex Nutting's article;
Quote:
The high debt isn’t causing slow growth; exactly the opposite. The high debt is the consequence of the depression, which decimated revenue at the same time that it opened the gates for more spending on relief and recovery.