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tom mclaughlin
Joined: 19 Jan 2008
Posts: 942
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 Posted: Wed Jul 28, 2010 9:49 am Post subject: |
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Any time, Fly.
BTW, big difference between some self-interested Wall Street wanker and an economist like Alan Blinder. "Blindered by the Light." |
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Patrick_Bateman
Joined: 07 Jul 2007
Posts: 3357
Location: Mostly on Facebook anymore
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| Posted: Wed Jul 28, 2010 2:40 pm Post subject: |
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| CorollaDude wrote: |
The Great Depression aversion article was written by a CNBC reporter going over data complied by dozens of top economic and political finance experts.
Also there is a difference between a depression and a recession. Rogers was talking about a recession and the other article was talking about a depression. |
Sorry, I saw the byline on the article was "by cnbc.com" and stupidly assumed he was one of the million talking heads they had on there.
And as far as dozens of top economic and political finance experts, there are just as many who are saying that we're not out of the woods yet (even some you might approve of like Krugman and Nassim Taleb) and are heading for a double-dip recession.
Do you actually think things are getting better? Are you buying into the Obama "Summer of Recovery" hype?
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Strange how laughter looks like crying with no sound
Raindrops taste like tears without the pain |
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Patrick_Bateman
Joined: 07 Jul 2007
Posts: 3357
Location: Mostly on Facebook anymore
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| Posted: Wed Jul 28, 2010 2:44 pm Post subject: |
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| CorollaDude wrote: | Thank you President Obama for saving the economy from the short-sighted no-regulation Republicans who would have driven the national and global economy off a cliff just to benefit a handful of Wall Street investment bankers.
http://www.cnbc.com/id/38443309 |
| Quote: | | For one thing, Mr. Blinder and Mr. Zandi find that the financial stabilization measures — the Troubled Asset Relief Program, as the bailout is known, along with the bank stress tests and the Fed’s actions — have had a relatively greater impact than the stimulus program. |
Interesting that both of these guys say that Bush's bank bailout has had a greater impact than Obama's stimulus. Just sayin...
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Strange how laughter looks like crying with no sound
Raindrops taste like tears without the pain |
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2boxers
Joined: 31 Jul 2006
Posts: 9277
Location: Five Acre Farm
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| Posted: Wed Jul 28, 2010 3:29 pm Post subject: |
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PB, I am no economic genius, but from what I see, I ain't buying it. Where's the jobs? Wouldn't that be an indication that we were moving out of this mess?
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Our houses are protected by the good Lord and a gun
And you might meet 'em both if you show up here not welcome son
Our necks are burnt, our roads are dirt and our trucks ain't clean
The dogs run lose, we smoke, we chew and fry everything
Out here, |
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Ogy
Joined: 16 Jun 2010
Posts: 428
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| Posted: Wed Jul 28, 2010 3:37 pm Post subject: |
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| 2boxers wrote: | | PB, I am no economic genius, but from what I see, I ain't buying it. Where's the jobs? Wouldn't that be an indication that we were moving out of this mess? |
The Wall Street journal had a very good article recently about how unemployment rates are an awful indicator of the state of an economy, or something along those lines. At least, how the numbers are presented. And I doubt anyone would accuse the Journal of having a liberal agenda.
I'll see if I can't find it.
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"You are just a lying, cheating, smart mouthed kid who has obviously has [no] respect and socialization issues." -- Tarheel on me |
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Patrick_Bateman
Joined: 07 Jul 2007
Posts: 3357
Location: Mostly on Facebook anymore
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| Posted: Wed Jul 28, 2010 4:30 pm Post subject: |
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| Ogy wrote: | | 2boxers wrote: | | PB, I am no economic genius, but from what I see, I ain't buying it. Where's the jobs? Wouldn't that be an indication that we were moving out of this mess? |
The Wall Street journal had a very good article recently about how unemployment rates are an awful indicator of the state of an economy, or something along those lines. At least, how the numbers are presented. And I doubt anyone would accuse the Journal of having a liberal agenda.
I'll see if I can't find it. |
Jobs are generally called a lagging indicator because usually it takes a while for people to start losing their jobs and then once things start getting better it takes a while before companies start re-hiring.
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Strange how laughter looks like crying with no sound
Raindrops taste like tears without the pain |
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Ogy
Joined: 16 Jun 2010
Posts: 428
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| Posted: Wed Jul 28, 2010 5:06 pm Post subject: |
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| Patrick_Bateman wrote: | | Ogy wrote: | | 2boxers wrote: | | PB, I am no economic genius, but from what I see, I ain't buying it. Where's the jobs? Wouldn't that be an indication that we were moving out of this mess? |
The Wall Street journal had a very good article recently about how unemployment rates are an awful indicator of the state of an economy, or something along those lines. At least, how the numbers are presented. And I doubt anyone would accuse the Journal of having a liberal agenda.
I'll see if I can't find it. |
Jobs are generally called a lagging indicator because usually it takes a while for people to start losing their jobs and then once things start getting better it takes a while before companies start re-hiring. |
ARE YOU ACCUSING THE JOURNAL OF HAVING A LIBERAL AGENDA?!?!?
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"You are just a lying, cheating, smart mouthed kid who has obviously has [no] respect and socialization issues." -- Tarheel on me |
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Patrick_Bateman
Joined: 07 Jul 2007
Posts: 3357
Location: Mostly on Facebook anymore
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| Posted: Wed Jul 28, 2010 6:24 pm Post subject: |
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| Ogy wrote: | | Patrick_Bateman wrote: | | Ogy wrote: | | 2boxers wrote: | | PB, I am no economic genius, but from what I see, I ain't buying it. Where's the jobs? Wouldn't that be an indication that we were moving out of this mess? |
The Wall Street journal had a very good article recently about how unemployment rates are an awful indicator of the state of an economy, or something along those lines. At least, how the numbers are presented. And I doubt anyone would accuse the Journal of having a liberal agenda.
I'll see if I can't find it. |
Jobs are generally called a lagging indicator because usually it takes a while for people to start losing their jobs and then once things start getting better it takes a while before companies start re-hiring. |
ARE YOU ACCUSING THE JOURNAL OF HAVING A LIBERAL AGENDA?!?!? |
Are you smoking crack?
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Strange how laughter looks like crying with no sound
Raindrops taste like tears without the pain |
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CorollaDude
Joined: 30 Mar 2008
Posts: 1359
Location: SOBOBX
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| Posted: Wed Jul 28, 2010 6:29 pm Post subject: |
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2boxers, even when things get much better nationally, you're not going to see much improvement around here. I know we all love our hometown, but it's too far off the beaten track for what little industry is and will be out there.
Efforts to turn Halifax County into some kind of mini-RTP with Riverstone, VIR, and Berry Hill has been an epic failure. NAFTA wiped out the majority of manufacturing jobs. Of course, people like me will say that unions ruined this country by causing non-competitive labor rates. Mighty funny, Burlington and all the others pulled up stakes not long after U.N.I.T.E. came to town. I even heard Vulcan recently sold out the rock quarry to a smaller firm. That right there is a canary in the coal mine.
The markets have been stabilized and bailout and stimulus money kept that from happening. But the Republicans will never give Obama credit for stopping Bush's mess, just as Democrats will never give Ronald Reagan credit for ending the Cold War and bringing down the Berlin Wall. It's all political.
The usual cheerleaders won't agree, but here in Halifax County we are essentially evolving into a big retirement community.
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The Count of Cape Hatteras
Last edited by CorollaDude on Wed Jul 28, 2010 6:32 pm; edited 1 time in total |
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CorollaDude
Joined: 30 Mar 2008
Posts: 1359
Location: SOBOBX
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| Posted: Wed Jul 28, 2010 6:30 pm Post subject: |
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| Patrick_Bateman wrote: | | Ogy wrote: | | Patrick_Bateman wrote: | | Ogy wrote: | | 2boxers wrote: | | PB, I am no economic genius, but from what I see, I ain't buying it. Where's the jobs? Wouldn't that be an indication that we were moving out of this mess? |
The Wall Street journal had a very good article recently about how unemployment rates are an awful indicator of the state of an economy, or something along those lines. At least, how the numbers are presented. And I doubt anyone would accuse the Journal of having a liberal agenda.
I'll see if I can't find it. |
Jobs are generally called a lagging indicator because usually it takes a while for people to start losing their jobs and then once things start getting better it takes a while before companies start re-hiring. |
ARE YOU ACCUSING THE JOURNAL OF HAVING A LIBERAL AGENDA?!?!? |
Are you smoking crack? |
Yeah, don't be messin' with my Wall Street Journal. Anyway, it's owned by NewsCorp which also owns FoxNews. Some liberal bias there. 
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The Count of Cape Hatteras |
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Ogy
Joined: 16 Jun 2010
Posts: 428
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| Posted: Wed Jul 28, 2010 7:05 pm Post subject: |
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| Patrick_Bateman wrote: | | Ogy wrote: | | Patrick_Bateman wrote: | | Ogy wrote: | | 2boxers wrote: | | PB, I am no economic genius, but from what I see, I ain't buying it. Where's the jobs? Wouldn't that be an indication that we were moving out of this mess? |
The Wall Street journal had a very good article recently about how unemployment rates are an awful indicator of the state of an economy, or something along those lines. At least, how the numbers are presented. And I doubt anyone would accuse the Journal of having a liberal agenda.
I'll see if I can't find it. |
Jobs are generally called a lagging indicator because usually it takes a while for people to start losing their jobs and then once things start getting better it takes a while before companies start re-hiring. |
ARE YOU ACCUSING THE JOURNAL OF HAVING A LIBERAL AGENDA?!?!? |
Are you smoking crack? |
It was a joke.
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"You are just a lying, cheating, smart mouthed kid who has obviously has [no] respect and socialization issues." -- Tarheel on me |
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2boxers
Joined: 31 Jul 2006
Posts: 9277
Location: Five Acre Farm
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| Posted: Wed Jul 28, 2010 8:04 pm Post subject: |
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| CorollaDude wrote: | 2boxers, even when things get much better nationally, you're not going to see much improvement around here. I know we all love our hometown, but it's too far off the beaten track for what little industry is and will be out there.
Efforts to turn Halifax County into some kind of mini-RTP with Riverstone, VIR, and Berry Hill has been an epic failure. NAFTA wiped out the majority of manufacturing jobs. Of course, people like me will say that unions ruined this country by causing non-competitive labor rates. Mighty funny, Burlington and all the others pulled up stakes not long after U.N.I.T.E. came to town. I even heard Vulcan recently sold out the rock quarry to a smaller firm. That right there is a canary in the coal mine.
The markets have been stabilized and bailout and stimulus money kept that from happening. But the Republicans will never give Obama credit for stopping Bush's mess, just as Democrats will never give Ronald Reagan credit for ending the Cold War and bringing down the Berlin Wall. It's all political.
The usual cheerleaders won't agree, but here in Halifax County we are essentially evolving into a big retirement community. |
If I agreed any more with every thing you said, we'd be the same cotton pickin person. Ours is going to become a service intensive workforce, and I would think that those with a mind to would do well to look into career fields that catered to the medical care of old folks or the specific needs of an older population.
_________________
Our houses are protected by the good Lord and a gun
And you might meet 'em both if you show up here not welcome son
Our necks are burnt, our roads are dirt and our trucks ain't clean
The dogs run lose, we smoke, we chew and fry everything
Out here, |
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gray ghost
Joined: 15 May 2007
Posts: 196
Location: Halifax County
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| Posted: Wed Jul 28, 2010 8:34 pm Post subject: |
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| Corolla Dude, I understand your frustration with labor unions...how do you think President Obama feels about labor unions? |
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wildhandyman
Joined: 20 Jun 2006
Posts: 7953
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| Posted: Thu Jul 29, 2010 7:16 am Post subject: |
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| gray ghost wrote: | | Corolla Dude, I understand your frustration with labor unions...how do you think President Obama feels about labor unions? |
I think Mr. Obama loves labor unions so much that he GAVE them major ownership chunks of Chrysler and General Motors as a payback to their support in his campaign(s). I still can't believe that he got away with that crap. Where is the Supreme Court? (And yes, I know there is no case for the court to make a ruling.) Does the Constitution count for absolutely nothing?
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I think therefore I am Conservative.
Don't let your brain outrun your Common Sense.
All the government has to offer is what they take from you. |
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CorollaDude
Joined: 30 Mar 2008
Posts: 1359
Location: SOBOBX
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| Posted: Fri Jul 30, 2010 1:21 pm Post subject: |
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| gray ghost wrote: | | Corolla Dude, I understand your frustration with labor unions...how do you think President Obama feels about labor unions? |
Yeah, the unions of the past definitely helped destroy American manufacturing. They are declining in importance though. Down to 12 percent or so of manufacturing.
And yes, they tend to vote Democrat, but each party has its crazies. The Democrats have unions and the Republicans have the Tea Party clowns. I'll stick with the Democrats; lesser of the evils.
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