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Thread: Economy shrinks for first time in 3 1/2 years[W: 395]

  1. #141
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    Re: Economy shrinks for first time in 3 1/2 years

    Jim Carney said this today about the economic news:


    "White House press secretary Jay Carney laid the blame for a surprise economic contraction squarely at the feet of congressional Republicans Wednesday, saying economic threats during the "fiscal cliff" negotiations had prevented important defense spending.

    "Our economy is facing a major headwinds, and that's Republicans in Congress," Carney said."

    Read more: White House: GOP responsible for contracting economy - The Hill
    Follow us: @thehill on Twitter | TheHill on Facebook

    I have to admit I am surprised the public has been tollerant with this type of excuse for all this time, but blaming others for the failure of the Obama Administration is not going to create the bi-partisan environment the people are demanding.

    When will the President and Progressives in Congress EVER take responsibility for their own failures to get things done?

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Mach View Post
    Of course thats not money hoarding, that's routine, sound, every day business sense for most businesses. When the economy slows down, do you think most people would be wise to:
    1. Increase their spending
    2. Maintain current spending
    3. Cut back on spending
    First: People shouldn't base it solely on the economy. That would be stupid. They should base it on the specifics of their situation. I have presented specifics which are not generalizable.

    Second, part of the problem is that you are simply creating a strawman which you can happily do battle with when you try to make limit my position to the existing state of the economy and spending. I didn't say anything about existing state of the economy nor have I discussed spending in general.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    My point is that many ISDs in Texas use lots of funding for sports, specifically football, and then complain that no money for "essentials" remains. They have coaches and coaches assistannts and aides, yet cannot seem to afford enough "quality" teachers. If the Podunk ISD wants money from the Austin ISD's tax base then let the Austin ISD help run the show too. That is my point about taxation without representation. Some areas, like San Antonio, go nuts and create 10 ISDs, while Houston has one for most of the city.

    Schools in San Antonio, Texas, Map of school districts - List of Elementary, Middle, and High Schools: Grades, Scores, Classes, Enrollment, Ratings, Teachers, Students

    Independent School District(ISD) Map - Diane Moser Properties, Inc. - Houston School Information
    ISD organization reform is indeed something that should come along for the ride. It is one of those reforms I left unnamed that become easier once the funding goes through the State. No need for tax base pissing matches and class battles over funding.

    As for Podunk’s dubious budget allocations; Funding set at per student and some semblance of requirements based on performance metrics for each of the schools under their purview. If they live up to that and still figure out how to also fund hookers and blow parties for their assistant coach aides? *shrug* I guess it would call for an investigation of their operation … to figure out how they are being such darn cost efficient educators.
    Last edited by Dwight; 01-30-13 at 04:20 PM.

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    Re: Economy shrinks for first time in 3 1/2 years

    Also, can people please, for the love of god and all that is ****ing holy, stop making up bull**** and pretending it is my argument. It's ****ing retarded and it makes everyone dumber. I have not made any claims in any direction about what should happen about the money hoarding. Only that it, in and of itself, has effects on the economy. It does. It's just plain ****ing stupid to pretend taking money out of circulation does not have detrimental effects. It's just like how cutting spending will have short term negative impacts. It happens.
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  5. #145
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Dwight View Post
    ISD organization reform is indeed something that should come along for the ride. It is one of those things It is one of those reforms I left unmentioned that become easier once the funding goes through the State. No need for tax base pissing matches and class battles over funding.

    As for Podunk’s dubious funding allocations; Funding set at per student and some semblance of requirements based on performance metrics for each of the schools under their purview. If they live up to that and still figure out how to also fund hookers and blow parties for their assistant coach aides? *shrug* I guess it would call for an investigation of their operation … to figure out how they are being such darn cost efficient educators.
    You make NO sense. Funding based on a per student basis would make those in low cost areas into super schools and those in high cost areas suck. Imagine what the same per student/per teacher funding for Brownsville and Dallas would do for "fairness". Should teacher pay be "evened out" as well?
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Bronson View Post
    I don't support the GOP Establishment

    Every time Republicans have even put spending cuts on the table however what's happened?
    The Senate has ignored them, so the Republicans passed a spending increase instead.

  7. #147
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    Also, can people please, for the love of god and all that is ****ing holy, stop making up bull**** and pretending it is my argument. It's ****ing retarded and it makes everyone dumber. I have not made any claims in any direction about what should happen about the money hoarding. Only that it, in and of itself, has effects on the economy. It does. It's just plain ****ing stupid to pretend taking money out of circulation does not have detrimental effects. It's just like how cutting spending will have short term negative impacts. It happens.
    You owe the curse jar like 17 dollars after that little tirade.

    I think its your inclination to mitigate the shrinking economy by focusing on " dem' eebil rich folk" thats gotten you all of this attention.

    I mean the real money hoarding is happening at the banks as they store up massive, record reserves and then get paid interest on those reserves by the Fed.

    That started in 2008 BTW. Its counter intuitive to a liberals "eeebil rich" narrative because its Obamas Fed Chairman who's doing it.

    If they're getting paid on their reserves why lend money ?
    Last edited by Fenton; 01-30-13 at 04:45 PM.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ocean515 View Post
    Jim Carney said this today about the economic news:


    "White House press secretary Jay Carney laid the blame for a surprise economic contraction squarely at the feet of congressional Republicans Wednesday, saying economic threats during the "fiscal cliff" negotiations had prevented important defense spending.

    "Our economy is facing a major headwinds, and that's Republicans in Congress," Carney said."

    Read more: White House: GOP responsible for contracting economy - The Hill
    Follow us: @thehill on Twitter | TheHill on Facebook

    I have to admit I am surprised the public has been tollerant with this type of excuse for all this time, but blaming others for the failure of the Obama Administration is not going to create the bi-partisan environment the people are demanding.

    When will the President and Progressives in Congress EVER take responsibility for their own failures to get things done?
    I like how defense spending is important all of a sudden.

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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Fenton View Post
    I think its your inclination to mitigate the shrinking economy by focusing on " dem' eebil rich folk" thats gotten you all of this attention.
    Where, or WHERE, did I do any such thing? Please show me where I actually do this thing I never did because I am quite certain I never did it.
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    Re: Economy shrinks for first time in 3 1/2 years

    Got news for you folks. Bush is no longer in office. The Republicans have thin control of one congressional house and Obama has shown that he is willing to use executive orders to do what he likes. Ideas from House Republicans never see the Senate floor because of Harry Reid. Make no mistake, this is OBAMA'S economy, and it is not an accident. There is no way to F*** things up this badly by accident when there are as many people on your side who may have ideas as well. The really disturbing thing is that even in the face of economic collapse (don't kid yourself folks, that is where we are headed) Obama fans are STILL defending this prick. There are people here on this forum who defended their smaller paychecks by claiming the government taking more out of your check is not a tax increase. They still parrot that business cooperation is not happening because business owners are mad about the election.

    Well let me clue you in people. Business people want one thing: profits. There is no hiring because there is no demand. Private sector businesses do not exist for the sole purpose of providing jobs. Government might, and even with as much as they have done toward this end we are still going backward. Here's another one: if your employer is still paying the same amount to employ you and your check is smaller, you have had a tax increase. And this was after Obama PROMISED nobody who made under $200K a year would see an increase. I can't wrap my head around the blind following this guy has. He has repeatedly lied to all of us, and yet about half the people out there still believe him. Are you people stupid or just that impressionable? I used to argue that Obama was not the worst President we ever had, but at this point he is running Carter down.

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