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This Week in our Recession - January 13-18 2013

Discussion in 'Political Discussion' started by PatriotsReign, Jan 18, 2013.

  1. PatriotsReign

    PatriotsReign Rookie

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    Gasoline Consumption

    Gasoline useage continues downward trend and it has almost nothing to do with higher mileage cars. We are now almost at 2001 consumption levels. Gasoline consumption has not only declined, but the rate of decline has accelerated at it's highest rate in 2012.

    See attached consumption chart (source below).

    Weekly Petroleum Status Report - Energy Information Administration

    New Mileage Tax?

    Sure...why not? Guess we're gonna see federal, state & local tax increases until our incomes are whittled down to shiit. But heck, at least we'll continue to use less gasoline and our roads will look purty!!

    New pay-per-mile scheme would boost taxes 250 percent

    New pay-per-mile scheme would boost taxes 250 percent | WashingtonExaminer.com

    Americans Tapping into 401k's

    25% of Americans with 401k's are withdrawing money from their 401k's just to pay their bills!

    401(k) breaches undermining retirement security for millions

    401(k) breaches undermining retirement security for millions - The Washington Post

    THE GOOD NEWS

    Fed discusses breaking up banks that are "Too Big to Fail"! Well that would be terrific....but color me skeptical.

    Fed hawk voices doubts over benefits of bond buying - chicagotribune.com

    Attached Files:

  2. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    "Washington Examiner", you are aware that is a free agenda driven newspaper..

    Not much if any of your captioned article has to do with recession, guess your need for attention and self engrandizement outweighs intellectual curiosity..

    Keep googling "ain't it awful" and you will find all the "real" articles on World Net and News Max..
  3. IllegalContact

    IllegalContact Rookie

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    darryl, it gets pretty old reading you refute sources when you don't have anything meaningful to add.....

    you're about as legit as titus and his peak oil........but feel free to keep making noise, because that's all it is

  4. PatriotsReign

    PatriotsReign Rookie

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    You were "Liked" by the Hebeill anyway!!

    You're the one who loves to google so you can state your opinion, not me. Without the internet, I doubt you'd be able to discuss much at all.

    Didn't you at least like the idea of breaking up big banks?

    Talk to me in "4 More Years!"...K?

    Quick question. Without discussing any past president, how many promises do you think Obama will break by the time he's done?

    Let's start with his promise to cut the national debt in half by the end of his first term....K?

    Try not to google anything when composing your answer.
  5. JackBauer

    JackBauer Rookie

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    A better question is why you think this is relevant, since it's really only useful in relative terms anyway.
  6. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Didn't you used to quote from "Stormfront"-----:confused:
  7. PatriotsReign

    PatriotsReign Rookie

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    Shouldn't you be asking president Obama that question? I mean if it's not relevant, why make a promise to 300 million Americans on national television about it?
  8. JackBauer

    JackBauer Rookie

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    Why would I ask? I don't care and I'm not the one feigning outrage because he hasn't kept every single one of his promises, just like every single other president in history.
  9. PatriotsReign

    PatriotsReign Rookie

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    Without bring up past presidents....nice job!

    At least you didn't use the childish term, "situational outrage"....
  10. JackBauer

    JackBauer Rookie

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    As I said, there's no point in examining this in a vacuum, unless you're trying to hold Obama to a unique standard. Which certainly wouldn't surprise me.
  11. PatriotsReign

    PatriotsReign Rookie

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    Well, it also surprises you that I voted for him the first time....

    I agree we shouldn't hold politicians to every single little promise they make. But one like cutting the national debt in half isn't a little one. Neither is his promise not to increase taxes upon those earning less than $250k. We absolutely should hold him accountable on those 2 promises.
    Last edited: Jan 18, 2013
  12. JackBauer

    JackBauer Rookie

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    Which taxes are you referring to?

    You know had Obama cut the deficit in half as he'd promised we'd be in much, much worse economic shape than we are currently, right? That's one promise I'm glad he broke.
  13. PatriotsReign

    PatriotsReign Rookie

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    His promise referred to ANY federal tax (would not be increased on those < $250k). But I get you're avoiding an answer...

    We're either gonna pay now, later or get bled to death over a number years...take your pick.
  14. IllegalContact

    IllegalContact Rookie

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    wouldn't it be easier for you to simply say 'I don't know' when you don't know?
  15. IllegalContact

    IllegalContact Rookie

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    and you know this how?


    oh yeah, that's right.....you don't know
  16. JackBauer

    JackBauer Rookie

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    I'm asking you for specifics. How that translates to my avoiding giving an answer is beyond me.

    Oh, so there are only two choices? Instead of, say, getting the economy going again, in which case the deficit problem essentially fixes itself.
  17. JackBauer

    JackBauer Rookie

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    Wouldn't it be easier for you to attempt a constructive contribution to the discussion instead of this lame anklebiting nonsense?
  18. JackBauer

    JackBauer Rookie

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    You know this by virtue of having a basic understanding of macroeconomics, as well as the ability to interpret empirical evidence of countries who have gone down that road.

    Oh, and then there was the IMF report out last week that arrived at the same conclusion. And then there's always the CBO's findings on the budget sequester.

    But by all means, continue pretending like you know what you're talking about.
    Last edited: Jan 18, 2013
  19. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    Would think that the pajama economist would have a better understanding of what Recession actually means, instead of begging the issue.. there is growth in our economy, slow but growth.

    The Washington examiner was started by a multi billionaire Anschutz, he envisioned creating a conservative competitor to The Washington Post. According to Politico, "When it came to the editorial page, Anschutz’s instructions were explicit — he 'wanted nothing but conservative columns and conservative op-ed writers,' said one former employee." The Examiner's conservative writers include Byron York (National Review), Michael Barone (American Enterprise Institute, Fox News), and David Freddoso (National Review, author of The Case Against Barack Obama.

    The reality is that the economy is still not doing well, but doing better, there are many positive signs...

    http://www.montgomeryadvertiser.com...g-homes-since-construction-fell-off-08-bubble

    Claims for unemployment aid drop to 363,000

    US Auto Sales: Chrysler December 2012 Sales Up To Five Year High

    http://www.autonews.com/apps/pbcs.d...strong-december-sales-build-momentum-for-2013
  20. PatriotsReign

    PatriotsReign Rookie

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    But you're not asking specific questions are you. You're remaining vague purposefully.

    What do you need specifics for? If people under $250k end up paying more federal taxes for any reason, it's a broken promise. If deductions are reduced or if rates go up, it's an increase either way. Even if a new tax is introduced, he breaks his promise there as well.

    but for shi ts & giggles, let's talk federal income taxes. No one under $250k should see an increase in rates (or a decrease in deductions) until we swear in the next POTUS in 2017...right?

    Our government can't fix what's wrong with our economy. It has to fix itself. Even if the federal gov't hired an additional million people, that couldn't "fix" anything. It's all about bad debt..both public & private combined with slowing global growth.

    We are likely seeing the new normal.
    Last edited: Jan 18, 2013
  21. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey
    It's odd how PR thinks we are in recession. I am sorry to see things going so badly for ya, PR.

    Someday in a few years he will wake up and wonder why he missed the recovery: Here ya go, from an actual economist:

    U.S. Economy Not So Fragile After All

    Thank you President Obama! I look forward to your next 1,462 days in office!!!!!
    Last edited: Jan 19, 2013
  22. PatriotsReign

    PatriotsReign Rookie

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    Back to chasing me around in threads again I see!! You and I both know that means I'm renting some space in that head of yours.

    Once again, you set up your imaginary "Us against you" scenario. There is nothing in this discussion that includes this fantasy world you're living in.

    Good to know you believe the average American is living in a period of prosperity though....

    For Americans, 'Cope' Replaces 'Hope': NBC Poll

    For Americans, 'Cope' Replaces 'Hope': NBC Poll - Yahoo! Finance
  23. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    As much as you want us to be, and as much as you pride yourself as some type of economist.. we are not in a recession.

    So either you are not very bright, or you believe that telling a lie over and over again will somehow make it more believable..

    The economy is recovering very slowly, it is getting better.. there is economic growth usually the determinant for defining recession.

    BTW the Dow hit a new high yesterday.. the investor class is happy.
  24. PatriotsReign

    PatriotsReign Rookie

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    I am very bright.....you?
  25. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Well, 401Ks have definitely been a disaster for the American middle class, but without a government that supports unions and makes corporations responsible for their pensions, what alternative was there? Again, Reagan's policies scourged the middle class, and then we had the middle class dopes then went on to argue for a flat tax. What a bunch of idiots! Thanks to the flatter tax rates and the strength of that nonsense ideology among mostly white men for some reason, it's the middle class who are getting screwed. The reality remains that if it wasn't for those bitter white guys who cling to their Bibles and guns, the middle class would be much better off -- the rich would be paying higher taxes, wages would increase thanks to union strength, and more people would have pensions rather than the largely failed 401Ks. (That said, the Robb Report might be out of business--since there would be fewer zillionaires who are interested in reading about full-sized carousels in their children's playroom or private trains that an individual billionaire uses to go to things like the Kentucky Derby.) But, being part of the majority race and gender, I do understand the thinking: this economy has been consistently good to me. Boy, it's great to be a white, straight acting male, with a Christian last name! Too bad about everyone else. LOL.

    Last edited: Jan 19, 2013
  26. PatriotsReign

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    Mornin Patters!

    I'm sure we all wish we still had pensions....but corporations are forced to show continuous revenue growth. So getting rid of them was just another corp/government conspiracy that did not benefit "we, the people". That's how our tax dollars work!
  27. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Good morning PR. Corporations got rid of pensions, gave massive golden parachutes to many executives, provide huge bonuses, offer expanding executive salaries, give generous perks (travel by private jet, relocation budgets in the tens of thousands or more, 5 star corporate gatherings) to executives, give generous stock options to board members and executives), and decent dividends to shareholders. Getting rid of pensions was part of the process of weakening of labor unions, for which Reagan deserves a lot of credits. When unions were strong, they would picket, companies would negotiate, prices would go up, and pensions would remain. But, for some bizarre reason white guys (primarily) seem to feel that if, for instance a teacher makes more than them, then the teacher should make less, when more intelligent folk (imho) who are envious of teacher's feel that they should make as much as teachers.
  28. Harry Boy

    Harry Boy Look Up, It's Amazing PatsFans.com Supporter

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    Dear President Obama,
    Please go and get your Ears fixed.
    Thank You.

    Your Friend Harry
  29. shmessy

    shmessy Maude Staff Member PatsFans.com Supporter

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    #75 Jersey
    You have a vivid imagination. I made a reply post in a thread.

    I feel sympathy for you. My wife and kids get my attention. You fantasize yours from strangers on the internet. Poor lonely you.

    Meanwhile, the rest of us are prospering!

    Looking forward to each and every day of the next 1,462 of the Obama administration!

    1,462 days is a LONG time!
  30. PatriotsReign

    PatriotsReign Rookie

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    I'm not concerned with me or "the rest of us" (which includes me) prospering. I'm concerned with our economy and the global economy as a whole. Sure, we're making $$ on our artificially inflated stock market. But I'm looking for signs of sustainable growth.

    Any thoughts on why gasoline consumption declines accelerated in 2012?

    No one deserves any sympathy. That's why you find that word smack between shiit & syphillis in the dictionary. It does no one any good. So save your sympathy for your family....I don't need it.


    God, grant us the serenity to accept the things we can not change.
    Courage to change the things the things we can.
    And the wisdom to know the difference.


    Enjoy the game and Go Pats!!

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