Page 25 of 28 FirstFirst ... 152324252627 ... LastLast
Results 241 to 250 of 278

Thread: U.S. economy bounces back sharply

  1. #241
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 11:13 PM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post
    How did the financial crisis as you call it affect you and your family?
    A most irrelevant question.

    This crisis or so called Great Recession didn't affect nearly as many people as the 81-82 Double dip recession that affected every American because it was compounded by a worse financial crisis, high inflation.
    High inflation is not a financial crisis, it is simply a rise in prices. The Volcker Fed induced a recession by raising short term interest rates to the point where long term expectations edged downward while the Reagan administration applied the proper policy to help alleviate the economic reaction to Fed policy. Lowering of taxes has a dis-inflationary effect, as it supports a reduction in total costs. Combined with a massive spike in federal expenditures (inflation adjusted federal expenditures) depicted below, the U.S. economy overcame the downturn by employing various Keynesian policies.



    Yet during this time, total net worth (adjusted for inflation) never declined by any meaningful level, where as in 2009, a most severe financial crisis occurred.



    TARP was forced on a number of banks and never changed behavior. It rewarded bad behavior thus making it more of a media generated crisis than a true financial one.
    TARP was a pure capital injection as a means of mitigating insolvency fears among international depositors who hold trillions of dollars in U.S. banks and money markets. It just so happened to have better results than a resolution trust style method where a financial entity would be created under the control of the U.S. Treasury, and would take on the most grotesque debts, thereby providing a cash injection.

    Percentage change, debt per capita mean absolutely nothing compared to actual debt service and people unemployed/under employed/discouraged
    Now you are being just plain ignorant!

    The annual rate of change of debt per capita is a forward indicator of economic growth. Your obsession with elementary analysis of lagging indicators has gotten the best of you yet again. Current trends show the numbers are actually improving across the board! Employment is up, while the number of unemployed and discouraged workers has persistently declined.

    That is true but that is going to happen because the private sector economy is going to grow because it has to grow. That sector will do whatever it has to do to stay in business and grow meaning that once those 20 million unemployed/under employed/discouraged workers back to work full time or at least most of them, then there is going to be more demand that products and that drives up inflation which affects not not only personal income but debt service which is now the fourth largest budget item.
    Do you expect economic growth to increase while government revenue (which is explicitly tied to economic growth) holds constant? Only in your wildest partisan fantasy!
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #242
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Kushinator View Post
    A most irrelevant question.



    High inflation is not a financial crisis, it is simply a rise in prices. The Volcker Fed induced a recession by raising short term interest rates to the point where long term expectations edged downward while the Reagan administration applied the proper policy to help alleviate the economic reaction to Fed policy. Lowering of taxes has a dis-inflationary effect, as it supports a reduction in total costs. Combined with a massive spike in federal expenditures (inflation adjusted federal expenditures) depicted below, the U.S. economy overcame the downturn by employing various Keynesian policies.



    Yet during this time, total net worth (adjusted for inflation) never declined by any meaningful level, where as in 2009, a most severe financial crisis occurred.





    TARP was a pure capital injection as a means of mitigating insolvency fears among international depositors who hold trillions of dollars in U.S. banks and money markets. It just so happened to have better results than a resolution trust style method where a financial entity would be created under the control of the U.S. Treasury, and would take on the most grotesque debts, thereby providing a cash injection.



    Now you are being just plain ignorant!

    The annual rate of change of debt per capita is a forward indicator of economic growth. Your obsession with elementary analysis of lagging indicators has gotten the best of you yet again. Current trends show the numbers are actually improving across the board! Employment is up, while the number of unemployed and discouraged workers has persistently declined.



    Do you expect economic growth to increase while government revenue (which is explicitly tied to economic growth) holds constant? Only in your wildest partisan fantasy!
    It really is a shame that people like you spend all your time with your noses in the books posting irrelevant charts that ignore that people make up those numbers. You really need to get out more and realize what is happening in this country. It is absolutely stunning that we have 110 million Americans in this economy under Barrack Obama's economic plan dependent on the taxpayers for welfare and yet the economy is bouncing back nicely according to many. It is absolutely stunning that a 7 trillion dollar additional debt is ignored because it is only 70 percent increase over what he inherited but the 1.7 trillion Reagan debt was a disaster because it was triple what he inherited as people never look at what that 1.7 trillion cost in debt service vs. the 7 trillion. Why is that? It is stunning that we have today the same number of working Americans as we had in December 2007 when the recession began which defies population growth and ignores the 1 million we continue to have discouraged who have stopped looking for work.

    I expect economic growth under Obama never to increase significantly enough to put the 20 million unemployed/under employed/discouraged workers back to work or the 7.5 million part time employees looking for full time jobs. That doesn't seem to phase people like you.

    Thanks, yes I am ignorant because I worked 35 years in the business world dealing with actual people not charts and numbers like you. It really is a shame that we have people like you who never deal with real people and easily write off individual problems because you don't see them on your charts

    Govt. spending definitely increases GDP but not to the level it does in Europe and it is the govt. spending that is keeping the GDP growth somewhat positive but will never get enough people back to work. That may work in Europe where the govt. spending is the leading producer of GDP but not in this country where consumer spending is the largest component of GDP.

    What I find disturbing how so many people are book smart but street stupid as they have no idea what drives individual economics including apparently their own. It really is time to admit what many of us know, liberalism, Keynesian economic policies are absolute failures and it is liberal arrogance that keeps throwing money at the problem never addressing the problems

  3. #243
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 11:13 PM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post
    It really is a shame that people like you spend all your time with your noses in the books posting irrelevant charts that ignore that people make up those numbers. You really need to get out more and realize what is happening in this country. It is absolutely stunning that we have 110 million Americans in this economy under Barrack Obama's economic plan dependent on the taxpayers for welfare and yet the economy is bouncing back nicely according to many. It is absolutely stunning that a 7 trillion dollar additional debt is ignored because it is only 70 percent increase over what he inherited but the 1.7 trillion Reagan debt was a disaster because it was triple what he inherited as people never look at what that 1.7 trillion cost in debt service vs. the 7 trillion. Why is that? It is stunning that we have today the same number of working Americans as we had in December 2007 when the recession began which defies population growth and ignores the 1 million we continue to have discouraged who have stopped looking for work.

    I expect economic growth under Obama never to increase significantly enough to put the 20 million unemployed/under employed/discouraged workers back to work or the 7.5 million part time employees looking for full time jobs. That doesn't seem to phase people like you.

    Thanks, yes I am ignorant because I worked 35 years in the business world dealing with actual people not charts and numbers like you. It really is a shame that we have people like you who never deal with real people and easily write off individual problems because you don't see them on your charts

    Govt. spending definitely increases GDP but not to the level it does in Europe and it is the govt. spending that is keeping the GDP growth somewhat positive but will never get enough people back to work. That may work in Europe where the govt. spending is the leading producer of GDP but not in this country where consumer spending is the largest component of GDP.

    What I find disturbing how so many people are book smart but street stupid as they have no idea what drives individual economics including apparently their own. It really is time to admit what many of us know, liberalism, Keynesian economic policies are absolute failures and it is liberal arrogance that keeps throwing money at the problem never addressing the problems
    Instead of addressing anything i stated, you resorted to ad homs and attacked straw men, while attempting to shout over me. There was no financial crisis in the early 1980's (there almost was in 1989). You have been shown there was a once in a generation crisis in 2008-2009. Expecting a quick recovery from such a dire situation signifies you are innocent with respect to economic history.

    Your position is purely partisan, lacking any remnants of coherent economic logic.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  4. #244
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Kushinator View Post
    Instead of addressing anything i stated, you resorted to ad homs and attacked straw men, while attempting to shout over me. There was no financial crisis in the early 1980's (there almost was in 1989). You have been shown there was a once in a generation crisis in 2008-2009. Expecting a quick recovery from such a dire situation signifies you are innocent with respect to economic history.

    Your position is purely partisan, lacking any remnants of coherent economic logic.
    Guess it depends on your definition of financial and anyone who says inflation isn't a financial problem is out of touch with reality. I realize what your books tell you but more importantly i understand what people are feeling and experiencing. You really need to get out more.

    You think my position is partisan? Wow, really? and yours isn't? I have no idea what your solutions are but I do know what works, conservative economic principles, individual wealth creation and incentive not a massive govt. who takes trillions out of the market in the form of all the taxes we pay.

    I lived and worked during both recessions and there was no comparison. The 81-82 recession affected every American, this one didn't

  5. #245
    I'm not-low all the time
    Kushinator's Avatar
    Join Date
    Jan 2006
    Location
    West Loop
    Last Seen
    Today @ 11:13 PM
    Gender
    Lean
    Independent
    Posts
    16,261

    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post
    Guess it depends on your definition of financial and anyone who says inflation isn't a financial problem is out of touch with reality.
    Do you have a problem reading the words i type? Even though inflation in and of itself isn't a "financial problem", i never stated anything of the sort. I simply pointed out that high inflation does not make a financial crisis; much to the contrary, deflation is explicitly tied to financial crises. Study the nature of financial panics throughout the 18th, 19th, and 20th centuries for a stronger understanding of the concept.

    I realize what your books tell you but more importantly i understand what people are feeling and experiencing. You really need to get out more.
    What is this obsession with "my books" and what you perceive they "tell me"? If you cannot address my comments, no need to go off topic and attack weak strawmen.

    You think my position is partisan? Wow, really? and yours isn't? I have no idea what your solutions are but I do know what works, conservative economic principles, individual wealth creation and incentive not a massive govt. who takes trillions out of the market in the form of all the taxes we pay.

    I lived and worked during both recessions and there was no comparison. The 81-82 recession affected every American, this one didn't
    If calling out the hypocrisy of those who wish to see the country burn during the opposition's administration is partisan... i guess i am guilty. But please do provide some bit of evidence where i mix partisan rhetoric into my financial and economic analysis.

    Your anecdotal comparison carries ZERO weight. As you've already admitted, you were in a different position in your life, with differing levels of liabilities, assets, and cash flows. How you perceive a situation does not necessarily reflect how the rest of the country felt. According to you, the 1980-81 recession was the worst economic downturn in the history of the world. Sorry, but only the most hardline partisans would agree.
    Last edited by Kushinator; 08-29-14 at 03:08 PM.
    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.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  6. #246
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. economy bounces back sharply

    Kushinator;1063697818]Do you have a problem reading the words i type? Even though inflation in and of itself isn't a "financial problem", i never stated anything of the sort. I simply pointed out that high inflation does not make a financial crisis; much to the contrary, deflation is explicitly tied to financial crises. Study the nature of financial panics throughout the 18th, 19th, and 20th centuries for a stronger understanding of the concept.
    Really? so high inflation doesn't make a financial crisis? Wow, thanks so much for that incredibly stupid statement. High inflation drives up interest rates and that led to a misery index between 20-30 which of course in your world isn't a financial crisis for the individual. Sorry, but your book smarts is incredibly naive and very poor.You really need to get out more



    What is this obsession with "my books" and what you perceive they "tell me"? If you cannot address my comments, no need to go off topic and attack weak strawmen.
    Being book smart is the problem with far too many people as they ignore human behavior and how economic policy affects them. It was not meant to be an attack only pointing out reality. 110 million on taxpayer funded welfare!! Where is that on your charts? Where are the 7.5 million long term part time workers on your chart? Where are the 1 million discouraged workers on your chart? Where is the debt service on the 17.6 trillion dollar debt on your chart?



    Your anecdotal comparison carries ZERO weight. As you've already admitted, you were in a different position in your life, with differing levels of liabilities, assets, and cash flows. How you perceive a situation does not necessarily reflect how the rest of the country felt. According to you, the 1980-81 recession was the worst economic downturn in the history of the world. Sorry, but only the most hardline partisans would agree.
    I will put my experience and personal expertise up against anything you have to offer. That is a losing battle for you

    I lived and worked during both recessions and there was no comparison. The 81-82 recession affected EVERY AMERICAN, this one didn't. How did this recession affect you and your family?

  7. #247
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 10:39 PM
    Gender
    Lean
    Libertarian
    Posts
    41,561

    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post
    Don't you think that Presidential policies such as the 842 billion stimulus, recycling of TARP, Obamacare, take over of GM/Chrysler, promotion of class warfare, talks of tax hikes don't affect the economic decision making of private industry?

    The Bush results I have posted include the disastrous 2008 numbers and we came out of recession in June 2009 yet Obama's numbers remain stagnant at best and makes you wonder what we really got for the 7 trillion added to the debt. What Obama has proven is incompetence was ignored as people bought the rhetoric. 4 more million realized that in 2012 but not enough to remove him. Whoever takes over in 2017 is going to have a real mess to clean up.

    The economy isn't doing well and the numbers support it.
    The 842 billion stimulus had to have been passed by Congress.

    recycling of TARP? TARP was passed by congress during the Bush administration. when was it recycled?

    Obamacare has caused the rising cost of health care to at least level off a bit. There is much, much more that has to be done. As it is, we have actually created a system that is more expensive than a government run one. That takes some doing, but we've done it.

    take over of GM was a bad idea, but still had to have been approved by Congress didn't it?

    Chrysler was taken over by Fiat, not by the government.

    promotion of class warfare: Who is promoting class warfare?

    Now, remember: I didn't say that the economy was in great shape. What I said was that Republicans are invested in saying that it isn't going well, just as the Democrats were invested in saying that the war in Iraq wasn't going well. You keep confirming what I said.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  8. #248
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. economy bounces back sharply

    Dittohead not!;1063697875]The 842 billion stimulus had to have been passed by Congress.
    It was passed by a Democrat Controlled Congress with zero Republican support making it partisan legislation that only bailed out Democrat donors.

    recycling of TARP? TARP was passed by congress during the Bush administration. when was it recycled?
    When it was paid back, did it reduce the deficit? No, it was spent on other things that Obama wanted. Read the history of TARP, included in the CBO Deficit projections but repayment never went to reduce that deficit

    Obamacare has caused the rising cost of health care to at least level off a bit. There is much, much more that has to be done. As it is, we have actually created a system that is more expensive than a government run one. That takes some doing, but we've done it.
    Rising cost of health care isn't causing high unemployment, Obamacare is. When the economy is as fragile as it was you don't put out a program that stifles employment

    take over of GM was a bad idea, but still had to have been approved by Congress didn't it?
    No, it was done with TARP money

    Chrysler was taken over by Fiat, not by the government.
    Chrysler was sold by the govt. to the Italians

    promotion of class warfare: Who is promoting class warfare?
    What news do you listen to? What do you call promoting increased taxes on the rich and greater spending on the poor?

    Now, remember: I didn't say that the economy was in great shape. What I said was that Republicans are invested in saying that it isn't going well, just as the Democrats were invested in saying that the war in Iraq wasn't going well. You keep confirming what I said.
    Republicans are pointing out reality, Democrats live in fantasy

  9. #249
    Sage
    Dittohead not!'s Avatar
    Join Date
    Dec 2009
    Location
    The Golden State
    Last Seen
    Today @ 10:39 PM
    Gender
    Lean
    Libertarian
    Posts
    41,561

    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post
    It was passed by a Democrat Controlled Congress with zero Republican support making it partisan legislation that only bailed out Democrat donors.



    When it was paid back, did it reduce the deficit? No, it was spent on other things that Obama wanted. Read the history of TARP, included in the CBO Deficit projections but repayment never went to reduce that deficit



    Rising cost of health care isn't causing high unemployment, Obamacare is. When the economy is as fragile as it was you don't put out a program that stifles employment



    No, it was done with TARP money



    Chrysler was sold by the govt. to the Italians



    What news do you listen to? What do you call promoting increased taxes on the rich and greater spending on the poor?



    Republicans are pointing out reality, Democrats live in fantasy
    So, it was a fantasy that the war in Iraq was going badly? Really? It seems to me that both parties live in a fantasy world.

    The government sold Chrysler? Really? That sounds to me like fraud, selling something that you don't own.

    I think you'd be hard pressed to support the statement that Obamacare, and not the high and rising cost of health care, stifles employment. Are you aware that the cost of health care actually exceeds the cost of the entire federal bureaucracy exclusive of federally funded health care by about 50%? That's the real problem.

    I'm not sure just who is promoting increased taxes on the rich and more spending on the poor. I'm sure there must be someone.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  10. #250
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 01:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,270

    Re: U.S. economy bounces back sharply

    [QUOTE]
    Quote Originally Posted by Dittohead not! View Post
    So, it was a fantasy that the war in Iraq was going badly? Really? It seems to me that both parties live in a fantasy world.
    Can't get over the war, can you? The war was going badly until the surge and then Bush won the war, Obama lost the peace and sorry but that is reality and the numbers are there if you care to read them

    The government sold Chrysler? Really? That sounds to me like fraud, selling something that you don't own.
    Sorry but you have no idea what you are talking about the Govt, thus the U.S. Taxpayers owned Chrysler and GM, the Govt. on behalf of the Taxpayers sold Chrysler

    I think you'd be hard pressed to support the statement that Obamacare, and not the high and rising cost of health care, stifles employment. Are you aware that the cost of health care actually exceeds the cost of the entire federal bureaucracy exclusive of federally funded health care by about 50%? That's the real problem.
    Never ran a business did you? Check out the financial statement of any business particularly small businesses and tell me how small businesses pay for Obamacare? Tell me why healthcare is a FEDERAL issue when state taxpayers fund the uninsured? Are you aware of what the real costs are for healthcare? Govt. regulations!! Malpractice insurance?

    I'm not sure just who is promoting increased taxes on the rich and more spending on the poor. I'm sure there must be someone.
    This is an act, right? What is the Obama tax proposal?

Page 25 of 28 FirstFirst ... 152324252627 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •