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Thread: Economy's Biggest Drag Right Now Is Government

  1. #31
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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by hazlnut View Post
    Good God, the Fox News machine has really gotten to you folks. You'll believe just about anything...

    Yep, cuz God forbid anyone that doesn't think that Obama is just the greatest thing since sliced bread thinks for themselves eh?

    Tell you what dude, just do an honest reading through threads and compare liberal points made, and compare them to MSNBC talking points and I think you'll find if you are being truthful, that libs, including yourself are far closer to regurgitation of media blather than that of conservatives.


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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by Kandahar View Post
    The inflation rate is calculated by the Bureau of Labor Statistics. And although it's certainly possible to quibble with the way they calculate inflation, the calculation itself hasn't changed in any major way since Obama took office, so any concerns that he somehow made them "fishy" are unfounded. The last major revision to how the CPI is calculated was in 1983.

    The T-bill and T-bond rate are public information; they are traded freely on the open market, so at any given point in time you can buy a US government bond for the interest rate. If investors were really expecting our currency to lose a lot of its value, then the interest rates would be much higher because people would be less willing to risk loaning the government their dollars now, only to be paid back in cheaper dollars later.

    All the economic data strongly points to one conclusion: The US is at absolutely no risk for high inflation. We could (and probably should) borrow/print a lot MORE money than we currently are, without experiencing any major devaluation.

    Are there circumstances where the economic data could be skewed by factors other than calculation?


    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by hazlnut View Post
    Good God, the Fox News machine has really gotten to you folks. You'll believe just about anything...
    Do you believe that Obama has done great things for this country?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    Yep, cuz God forbid anyone that doesn't think that Obama is just the greatest thing since sliced bread thinks for themselves eh?

    Tell you what dude, just do an honest reading through threads and compare liberal points made, and compare them to MSNBC talking points and I think you'll find if you are being truthful, that libs, including yourself are far closer to regurgitation of media blather than that of conservatives.


    j-mac
    I'd say there's a fair amount of grass between Obama causing the end of freedom as we know it and Obama being the best thing since sliced bread.
    "The necessaries of life occasion the great expense of the poor. They find it difficult to get food, and the greater part of their little revenue is spent in getting it. The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. ... It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion."

    -- Adam Smith

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    No, I did...Just now....You just read it. From me. Here. .... Ahh forget it...


    j-mac
    Thanks for pointing out what the President has been saying all along, slashing Govt. spending will kill our economy even the 5% cut has cut our growth. But at least his cuts are manageable and we still have the best growth in the Western world. If your side had it's way we would be back in a recssion with deficits increasing from lack of revenue. You know like Europe is.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by apdst View Post
    Do you believe that Obama has done great things for this country?
    The proof is in the pudding. A million jobs created and the fastests economic growth in the free world. If you want to see the results from your type of solutions, just look at Europe.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by iguanaman View Post
    The proof is in the pudding. A million jobs created and the fastests economic growth in the free world. If you want to see the results from your type of solutions, just look at Europe.
    Europe is in the condition it is because decades of welfare statism is collapsing.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by Fletch View Post
    Europe is in the condition it is because decades of welfare statism is collapsing.
    Then why were they recovering until the tight money/austerity programs kicked in? What happened to that "confidence fairy" you all said would save the day?

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by iguanaman View Post
    Then why were they recovering until the tight money/austerity programs kicked in? What happened to that "confidence fairy" you all said would save the day?
    Who was recovering? Plus, tight money/austerity were the conditions that lenders imposed as conditions for more lending. When you live on borrowed money, you dont get to make the rules.

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    Re: Economy's Biggest Drag Right Now Is Government

    Quote Originally Posted by j-mac View Post
    I love it, even NBC is straying from the re elect Obama narrative. With a whole summer to go, seems like it'll be a hot one for the administration.


    j-mac
    I think this, "the federal government pulled back by 5.6 percent" is a lie. I know that you think so too.
    I wonder why politicians believe they can lie to us day in and day out with no consequences.

    Oh, they can. They have apologists in the media and even here in this small corner of the universe.

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