wierd things happing in dow drop
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evince
Truthmatters
You can insult people all day long and pretend you are some great experts
when you track record is clear your lies fail
I was correct
You shits called me stupid
you were incorrect on the outcome
your fucks were in control ion the lead up to the great depression
your fucks were in control in the lead up to the 2008 crash
Obama fixed your mess
FDR fixed your mess
you hate history
and science
and math
and dictionaries
and encyclopedias
and facts
when you track record is clear your lies fail
I was correct
You shits called me stupid
you were incorrect on the outcome
your fucks were in control ion the lead up to the great depression
your fucks were in control in the lead up to the 2008 crash
Obama fixed your mess
FDR fixed your mess
you hate history
and science
and math
and dictionaries
and encyclopedias
and facts
cancel2 2022
Canceled
Listen stupid, I was predicting a huge crash back in 2005, and was ridiculed for it. You weren't some fantastic financial fucking guru, there were plenty of people predicting the same thing.
Last edited:
evince
Truthmatters
Fred Imbert | CNBC Journalist | Muck Rack
https://muckrack.com/fred-imbert
By Fred Imbert cnbc.com — Stocks may be trading at record highs, but the market looks far more fragile under the surface. Among the signals: More stocks declining than rising, a greater number of 52-week lows than highs, and a drop in small-cap stocks.
cawacko
Well-known member
she predicted nothing. She posted current events claiming they were predictions.
evince
Truthmatters
prove your predictions asshole
Mine are right here and there are links to them doing it in my signature
while I was predicting it here the entire right were calling me shit non stop
Then I turned out to be correct
they LIED and said I never oredicted it and that they did
the facts are here
Its why grind tries to ban me for bumping old threads
he has banned NO ONE else for bumping old threads
You right wing fucks lie about EVERYFUCKINGTHING
evince
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Thread: The coming economy
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11-24-2007, 10:43 AM
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The coming economy
http://www.upi.com/NewsTrack/Busines...ge_90_pct/4876
It does not bode well.
Forecast: U.S. dollar could plunge 90 pct
Published: Nov. 19, 2007 at 2:16 PM
RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."
"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.
Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-24-2007, 10:53 AM
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nice troll moron
real economist say 1 to two percent growth so does the Fed.
Your scary stupid but funny too. Thanks
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11-24-2007, 10:59 AM
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reread the last paragraph toppy
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-24-2007, 01:55 PM
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thousands lined up at malls around the country yestardy and they will next year two. Incomes are way up every year.
Educate yourself and just read the names and sales numbers of the top 500 companies and you won't need to troll for negative news.
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11-24-2007, 04:36 PM
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Originally Posted by Topspin
nice troll moron
real economist say 1 to two percent growth so does the Fed.
Your scary stupid but funny too. Thanks
Hey what happened to that 3% growth you have been saying ?
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 04:40 PM
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Retailers post robust start to holidays
By ANNE D'INNOCENZIO, AP Business Writer 2 hours, 33 minutes ago
NEW YORK - The nation's retailers had a robust start to the holiday shopping season, according to results announced Saturday by a national research group that tracks sales at retail outlets across the country.
ADVERTISEMENT
According to ShopperTrak RCT Corp., which tracks sales at more than 50,000 retail outlets, total sales rose 8.3 percent to about $10.3 billion on Friday, the day after Thanksgiving, compared with $9.5 billion on the same day a year ago. ShopperTrak had expected an increase of no more than 4 percent to 5 percent.
"This is a really strong number. ... You can't have a good season unless it starts well," said Bill Martin, co-founder of ShopperTrak, citing strength across all regions. "It's very encouraging. When you look at September and October, shoppers weren't in the stores."
In a separate statement released Saturday, J.C. Penney Co. reported "strong performance across all merchandise categories," including fine jewelry, outerwear, and young men's and children's assortments.
But the department store chain cautioned, "while we are encouraged by our strong start, it is still early in the holiday season, and we are mindful of the headwinds consumers are facing."
J.C. Penney, Wal-Mart Stores Inc. and other major retailers are expected to report same-store results for November on Dec. 6. Same-store sales are those at stores opened at least a year and are considered a key indicator of a retailer's strength.
The upbeat reports were encouraging since merchants have been struggling with anemic sales in recent months, as shoppers, particularly in the middle and lower-income brackets, were becoming more frugal amid higher gas and food prices and an escalating credit crunch.
In an apparent sign of desperation, the nation's stores ushered in the official start of the holiday shopping season on Friday with expanded hours, including midnight openings, and a blitz of early morning specials that were more generous than a year ago. J.C. Penney and Kohl's Corp. opened at 4 a.m., an hour earlier than a year ago.
The strategy appears to have worked, as shoppers jammed stores in record numbers for early morning deals on Friday. Martin noted that judging by the strong figures on Friday, stores were able to sustain strong sales throughout the day. He said he's counting on strong traffic throughout the weekend as many stores, including Macy's Inc., are continuing with special deals.
While Black Friday — so named because it was traditionally when the surge of shopping made stores profitable — starts holiday shopping, it is not considered a bellwether for the season. However, merchants see Black Friday as setting an important tone to the overall season: What consumers see that day influences where they will shop for the rest of the year.
Last year, retailers had a good start during the Thanksgiving weekend, but many stores struggled in December, and a shopping surge just before and after Christmas wasn't enough to make up for lost sales.
This year, the Washington-based National Retail Federation predicted that total holiday sales would be up 4 percent for the combined November and December period, the slowest growth since a 1.3 percent rise in 2002. Holiday sales rose 4.6 percent in 2006 and growth has averaged 4.8 percent over the last decade.
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11-24-2007, 04:43 PM
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This year, the Washington-based National Retail Federation predicted that total holiday sales would be up 4 percent for the combined November and December period, the slowest growth since a 1.3 percent rise in 2002.
Yep something to be proud of.
Last edited by uscitizen; 11-24-2007 at 04:55 PM.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 06:46 PM
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Topspin
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herein lies the plight of the ignorant like desh and USC trying to talk economics. 4.6 percent is quit good, what's not is both of your lack of any formal or nonformal education on the topic.
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11-24-2007, 06:53 PM
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evince
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Top the guy who made these predictions has a better track record than you. Do you enjoy looking like an unreasonable idiot?
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-24-2007, 06:59 PM
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Topspin
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I enjoy laughing at a stupid housewife ignorantly trying to talk business.
Trolling for years to find a negative article when the economy has grown quarter after quarter is ignorant at best.
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11-24-2007, 07:08 PM
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evince
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Jesus you are boring.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
Blog this Post
11-24-2007, 07:18 PM
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uscitizen
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The evidence shows that spinner is obviously proud of looking like an idiot.
Just yesterday he talked of a 3+ % growth rate in the economy and now he speaks of 1% being good.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 07:21 PM
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Topspin
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usmoron GDP this year 3
deshtard you are dumb as bricks
for two years you two college haters have been predicting gloom and for two years you've been proven clueless.
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11-24-2007, 07:22 PM
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uscitizen
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It is coming soon stupit ass.
Might have to delay your retirement a bit there spud.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 07:27 PM
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Topspin
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LOL
keep saying its coming and every seven years you'll be right. One out of seven is about right for a high school grad on college material. LOL
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11-24-2007, 10:43 AM
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The coming economy
http://www.upi.com/NewsTrack/Busines...ge_90_pct/4876
It does not bode well.
Forecast: U.S. dollar could plunge 90 pct
Published: Nov. 19, 2007 at 2:16 PM
RHINEBECK, N.Y., Nov. 19 (UPI) -- A financial crisis will likely send the U.S. dollar into a free fall of as much as 90 percent and gold soaring to $2,000 an ounce, a trends researcher said.
"We are going to see economic times the likes of which no living person has seen," Trends Research Institute Director Gerald Celente said, forecasting a "Panic of 2008."
"The bigger they are, the harder they'll fall," he said in an interview with New York's Hudson Valley Business Journal.
Celente -- who forecast the subprime mortgage financial crisis and the dollar's decline a year ago and gold's current rise in May -- told the newspaper the subprime mortgage meltdown was just the first "small, high-risk segment of the market" to collapse.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-24-2007, 10:53 AM
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Topspin
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nice troll moron
real economist say 1 to two percent growth so does the Fed.
Your scary stupid but funny too. Thanks
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11-24-2007, 10:59 AM
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evince
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reread the last paragraph toppy
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
Blog this Post
11-24-2007, 01:55 PM
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Topspin
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thousands lined up at malls around the country yestardy and they will next year two. Incomes are way up every year.
Educate yourself and just read the names and sales numbers of the top 500 companies and you won't need to troll for negative news.
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11-24-2007, 04:36 PM
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uscitizen
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Originally Posted by Topspin
nice troll moron
real economist say 1 to two percent growth so does the Fed.
Your scary stupid but funny too. Thanks
Hey what happened to that 3% growth you have been saying ?
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 04:40 PM
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Topspin
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Retailers post robust start to holidays
By ANNE D'INNOCENZIO, AP Business Writer 2 hours, 33 minutes ago
NEW YORK - The nation's retailers had a robust start to the holiday shopping season, according to results announced Saturday by a national research group that tracks sales at retail outlets across the country.
ADVERTISEMENT
According to ShopperTrak RCT Corp., which tracks sales at more than 50,000 retail outlets, total sales rose 8.3 percent to about $10.3 billion on Friday, the day after Thanksgiving, compared with $9.5 billion on the same day a year ago. ShopperTrak had expected an increase of no more than 4 percent to 5 percent.
"This is a really strong number. ... You can't have a good season unless it starts well," said Bill Martin, co-founder of ShopperTrak, citing strength across all regions. "It's very encouraging. When you look at September and October, shoppers weren't in the stores."
In a separate statement released Saturday, J.C. Penney Co. reported "strong performance across all merchandise categories," including fine jewelry, outerwear, and young men's and children's assortments.
But the department store chain cautioned, "while we are encouraged by our strong start, it is still early in the holiday season, and we are mindful of the headwinds consumers are facing."
J.C. Penney, Wal-Mart Stores Inc. and other major retailers are expected to report same-store results for November on Dec. 6. Same-store sales are those at stores opened at least a year and are considered a key indicator of a retailer's strength.
The upbeat reports were encouraging since merchants have been struggling with anemic sales in recent months, as shoppers, particularly in the middle and lower-income brackets, were becoming more frugal amid higher gas and food prices and an escalating credit crunch.
In an apparent sign of desperation, the nation's stores ushered in the official start of the holiday shopping season on Friday with expanded hours, including midnight openings, and a blitz of early morning specials that were more generous than a year ago. J.C. Penney and Kohl's Corp. opened at 4 a.m., an hour earlier than a year ago.
The strategy appears to have worked, as shoppers jammed stores in record numbers for early morning deals on Friday. Martin noted that judging by the strong figures on Friday, stores were able to sustain strong sales throughout the day. He said he's counting on strong traffic throughout the weekend as many stores, including Macy's Inc., are continuing with special deals.
While Black Friday — so named because it was traditionally when the surge of shopping made stores profitable — starts holiday shopping, it is not considered a bellwether for the season. However, merchants see Black Friday as setting an important tone to the overall season: What consumers see that day influences where they will shop for the rest of the year.
Last year, retailers had a good start during the Thanksgiving weekend, but many stores struggled in December, and a shopping surge just before and after Christmas wasn't enough to make up for lost sales.
This year, the Washington-based National Retail Federation predicted that total holiday sales would be up 4 percent for the combined November and December period, the slowest growth since a 1.3 percent rise in 2002. Holiday sales rose 4.6 percent in 2006 and growth has averaged 4.8 percent over the last decade.
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11-24-2007, 04:43 PM
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This year, the Washington-based National Retail Federation predicted that total holiday sales would be up 4 percent for the combined November and December period, the slowest growth since a 1.3 percent rise in 2002.
Yep something to be proud of.
Last edited by uscitizen; 11-24-2007 at 04:55 PM.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 06:46 PM
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Topspin
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herein lies the plight of the ignorant like desh and USC trying to talk economics. 4.6 percent is quit good, what's not is both of your lack of any formal or nonformal education on the topic.
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11-24-2007, 06:53 PM
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evince
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Top the guy who made these predictions has a better track record than you. Do you enjoy looking like an unreasonable idiot?
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
Blog this Post
11-24-2007, 06:59 PM
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Topspin
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I enjoy laughing at a stupid housewife ignorantly trying to talk business.
Trolling for years to find a negative article when the economy has grown quarter after quarter is ignorant at best.
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11-24-2007, 07:08 PM
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evince
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Jesus you are boring.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-24-2007, 07:18 PM
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The evidence shows that spinner is obviously proud of looking like an idiot.
Just yesterday he talked of a 3+ % growth rate in the economy and now he speaks of 1% being good.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 07:21 PM
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Topspin
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usmoron GDP this year 3
deshtard you are dumb as bricks
for two years you two college haters have been predicting gloom and for two years you've been proven clueless.
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11-24-2007, 07:22 PM
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It is coming soon stupit ass.
Might have to delay your retirement a bit there spud.
Bush doubled the debt from 5 trillion to 10 trillion.
Proving tax cuts work!
Bush asked for and signed for the TARP money.
The Republican senate leader backed Bush on this.
Blog this Post
11-24-2007, 07:27 PM
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Topspin
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LOL
keep saying its coming and every seven years you'll be right. One out of seven is about right for a high school grad on college material. LOL
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Thread: Things are getting dark
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11-14-2007, 07:15 AM
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Things are getting dark
http://www.nysun.com/article/66268
How in the hell will the Rs blame this on the Dems?
After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?
A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."
Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.
Balestra
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:22 AM
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Clinton did it!
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Originally Posted by Desh
http://www.nysun.com/article/66268
How in the hell will the Rs blame this on the Dems?
After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?
A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."
Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.
Balestra
What the hell are you talking about? Are you implying that the Reps will blame the dems for a recession should it indeed hit? Of course they will try to blame the dems and the dems will try to blame the Reps. That is all that we can truly be confident in getting from our politicians.... finger pointing.
None are likely to step up and say... yeah, the consumers and lenders screwed up and we did not do enough to prevent it or at the very least make consumers aware how bad an idea it is (normally) to take out an I-only or ARM when interest rates are at 40 year lows.
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11-14-2007, 07:26 AM
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You watch they will find a way to say it was the democrats fault.
I remember back in 1993 when congress passed ad Bill signed the bill which set us on the path to fiscal balence I turned to my husband and said " watch them try and claim this as their doing" They have done just that. The bill was signed without ONE single R vote and was credited by the CBO and the GAO as a major reason for the surpluses. The Rs base still thinks it was Newt. They will claim it , it will be twisted logic and some will buy it.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:29 AM
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Originally Posted by Superfreak
What the hell are you talking about? Are you implying that the Reps will blame the dems for a recession should it indeed hit? Of course they will try to blame the dems and the dems will try to blame the Reps. That is all that we can truly be confident in getting from our politicians.... finger pointing.
None are likely to step up and say... yeah, the consumers and lenders screwed up and we did not do enough to prevent it or at the very least make consumers aware how bad an idea it is (normally) to take out an I-only or ARM when interest rates are at 40 year lows.
Heres the KEY. The rs have had complete control for the years.They even enacted some bankruptcy laws which made it harder for people to go bankrupt and save their homes not to mention they did nothing to fix the laws to protect uneducated buyers from this frenzy.
It is the fault of corporate whores and the republicans.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:31 AM
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Originally Posted by Desh
Heres the KEY. The rs have had complete control for the years.They even enacted some bankruptcy laws which made it harder for people to go bankrupt and save their homes not to mention they did nothing to fix the laws to protect uneducated buyers from this frenzy.
It is the fault of corporate whores and the republicans.
If you want to point to the Bankruptcy Reform bill as part of the problem you can point squarely to plenty of Democrats that voted for that shitty bill, particularly in the Senate.
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Originally Posted by Desh
You watch they will find a way to say it was the democrats fault.
I remember back in 1993 when congress passed ad Bill signed the bill which set us on the path to fiscal balence I turned to my husband and said " watch them try and claim this as their doing" They have done just that. The bill was signed without ONE single R vote and was credited by the CBO and the GAO as a major reason for the surpluses. The Rs base still thinks it was Newt. They will claim it , it will be twisted logic and some will buy it.
Again, yes, they will find a way to blame the Dems.... and the Dems will find a way to blame the Reps. This really shouldn't come as a surprise to you Desh. They have been doing it for decades. When in doubt... blame the other party..... something you are very good at.
Again you are posting your idiotic assertion that one bill caused surplusses? How many fucking times do you have to be shown that the budget is created on an annual basis? Or do you really believe that it takes SIX years for that bill to work its way into an ANNUAL process? Funny how you start a thread about how the Reps will try to find a way to blame Dems when you are doing the same damn thing in reverse.
If you don't understand economics and want to learn, that is great. But quit spouting off ignorant crap like this.
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11-14-2007, 07:34 AM
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Originally Posted by Superfreak
Again, yes, they will find a way to blame the Dems.... and the Dems will find a way to blame the Reps. This really shouldn't come as a surprise to you Desh. They have been doing it for decades. When in doubt... blame the other party..... something you are very good at.
Again you are posting your idiotic assertion that one bill caused surplusses? How many fucking times do you have to be shown that the budget is created on an annual basis? Or do you really believe that it takes SIX years for that bill to work its way into an ANNUAL process? Funny how you start a thread about how the Reps will try to find a way to blame Dems when you are doing the same damn thing in reverse.
If you don't understand economics and want to learn, that is great. But quit spouting off ignorant crap like this.
YOu are doing just what I said . You refuse to realise that this bill indeed was what set us on the fiscal path. IT WAS!
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:38 AM
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Originally Posted by Desh
You watch they will find a way to say it was the democrats fault.
I remember back in 1993 when congress passed ad Bill signed the bill which set us on the path to fiscal balence I turned to my husband and said " watch them try and claim this as their doing" They have done just that. The bill was signed without ONE single R vote and was credited by the CBO and the GAO as a major reason for the surpluses. The Rs base still thinks it was Newt. They will claim it , it will be twisted logic and some will buy it.
What bill? His giant tax increase? Because that did not help with fiscal balance. It was spending cuts that did.
In the first 2 years of Clinton where the Democrats had the presidency, house and senate the debt went up by
$628,129,254,491.66 ($4,692,749,910,013.32 at end of 1994 minus 4,064,620,655,521.66 at end of 1992) or $314,064,627,245.83 per year.
In the next 6 years of Clinton's terms, Republicans controlled the house and senate and the debt went up by $981,428,299,873.54 ($5,674,178,209,886.86 at end of 2000 minus 4,692,749,910,013.32 at end of 1994) or
$163,571,383,312.26 per year
We know this was because they cut welfare, government and subsidies.
So, again when the Republicans controlled the house and senate in the 90's, the debt went up by only $163,571,383,312.26 per year, while when the Democrats controlled everything in the 90's, the debt went up by almost double at $314,064,627,245.83 per year.
All figures shown here:
http://www.publicdebt.treas.gov/opd/opdhisto4.htm
"Don't ever think you know what's right for the other person. He might start thinking he knows what's right for you." – Paul Williams, "Das Energi"
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11-14-2007, 07:39 AM
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And if you want the perfect example of someone taking credit for others, that would have to be welfare reform pushed by Repubs in the 90's, which Clinton fought tooth and nail against, vetoing it twice and only then giving in to overwhelming public opinion for it and then taking credit for it.
"Don't ever think you know what's right for the other person. He might start thinking he knows what's right for you." – Paul Williams, "Das Energi"
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Originally Posted by Desh
YOu are doing just what I said . You refuse to realise that this bill indeed was what set us on the fiscal path. IT WAS!
I have never said that it didn't play a part in it desh. But you give it far too much credit for the revenues generated in the late 90's and 2000. The capital gains tax cuts had a large part in it. The tech and internet boom played a large part in it. The general state of the economy led to the large influx of revenues. The budget battle between Clinton and Congress played a large part in it.
Bottom line, you are wrong to cling to the belief that this bill was significant in any other way than being a first step down a long path.
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11-14-2007, 07:48 AM
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No you give it too little. It shifted the path and forced the Rs to try and do something to effect the balence in an attempt to claim the credit. It was the last time the modern republican party tried to help do more than just TALK about being the fiscal party.
The GAO and the CBO gave it top billing for creating the surpluses.
You watn to bury it because it sdoes not fit into your world view.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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Originally Posted by Desh
No you give it too little. It shifted the path and forced the Rs to try and do something to effect the balence in an attempt to claim the credit. It was the last time the modern republican party tried to help do more than just TALK about being the fiscal party.
The GAO and the CBO gave it top billing for creating the surpluses.
You watn to bury it because it sdoes not fit into your world view.
Desh, you are a party hack. We get that. You can trot out your little GAO and CBO quotes all day long. They are the same ones that could not even come close to predicting the "outcome" of that bill on the surplus. They were way off. If you want to take their word for it, that is your choice. Anyone who understands economics knows why they are wrong on that.
That bill did little in the ways of creating the so-called budget surplusses. I am not going to relive this conversation any further though as you have proven time and again not to have any understanding of economics and that you are unwilling to learn. You cling to quotes from the government about how great the government is doing. Enjoy your fantasy world.
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11-14-2007, 08:25 AM
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An internet guy's opinion against the GAO and the CBO......hmmm..... who should I go with?
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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Originally Posted by Desh
An internet guy's opinion against the GAO and the CBO......hmmm..... who should I go with?
Like I said, cling to your government spoon fed quotes. IGNORE the fact that they were completely wrong in their predictions.... thats what all good little party hacks do.
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11-14-2007, 07:15 AM
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Things are getting dark
http://www.nysun.com/article/66268
How in the hell will the Rs blame this on the Dems?
After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?
A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."
Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.
Balestra
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:22 AM
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Clinton did it!
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Originally Posted by Desh
http://www.nysun.com/article/66268
How in the hell will the Rs blame this on the Dems?
After what Los Angeles money manager Arnold Silver called "a brutal three days," the question is: What now for the market?
A Wall Street superstar this year who runs Balestra Capital Partners, Jim Melcher, says he's "worried about a recession. Not a normal one, but a very bad one. The worst since the 1930s. I expect we'll see clear signs of it in six months with a dramatic slowdown in the gross domestic product."
Balestra Capital, a $350 million New York hedge fund, was up 3% for the past three market sessions, when the Dow Jones Industrials, spearheaded by widespread declines in financial stocks and fears of more billion-dollar-plus asset write-downs, tumbled more than 677 points, or about 4.5%. The Nasdaq fared worse, skidding about 7%, triggered by across-the-board declines in those fast-stepping technology stocks.
Balestra
What the hell are you talking about? Are you implying that the Reps will blame the dems for a recession should it indeed hit? Of course they will try to blame the dems and the dems will try to blame the Reps. That is all that we can truly be confident in getting from our politicians.... finger pointing.
None are likely to step up and say... yeah, the consumers and lenders screwed up and we did not do enough to prevent it or at the very least make consumers aware how bad an idea it is (normally) to take out an I-only or ARM when interest rates are at 40 year lows.
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11-14-2007, 07:26 AM
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You watch they will find a way to say it was the democrats fault.
I remember back in 1993 when congress passed ad Bill signed the bill which set us on the path to fiscal balence I turned to my husband and said " watch them try and claim this as their doing" They have done just that. The bill was signed without ONE single R vote and was credited by the CBO and the GAO as a major reason for the surpluses. The Rs base still thinks it was Newt. They will claim it , it will be twisted logic and some will buy it.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:29 AM
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Originally Posted by Superfreak
What the hell are you talking about? Are you implying that the Reps will blame the dems for a recession should it indeed hit? Of course they will try to blame the dems and the dems will try to blame the Reps. That is all that we can truly be confident in getting from our politicians.... finger pointing.
None are likely to step up and say... yeah, the consumers and lenders screwed up and we did not do enough to prevent it or at the very least make consumers aware how bad an idea it is (normally) to take out an I-only or ARM when interest rates are at 40 year lows.
Heres the KEY. The rs have had complete control for the years.They even enacted some bankruptcy laws which made it harder for people to go bankrupt and save their homes not to mention they did nothing to fix the laws to protect uneducated buyers from this frenzy.
It is the fault of corporate whores and the republicans.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:31 AM
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Originally Posted by Desh
Heres the KEY. The rs have had complete control for the years.They even enacted some bankruptcy laws which made it harder for people to go bankrupt and save their homes not to mention they did nothing to fix the laws to protect uneducated buyers from this frenzy.
It is the fault of corporate whores and the republicans.
If you want to point to the Bankruptcy Reform bill as part of the problem you can point squarely to plenty of Democrats that voted for that shitty bill, particularly in the Senate.
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11-14-2007, 07:31 AM
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Originally Posted by Desh
You watch they will find a way to say it was the democrats fault.
I remember back in 1993 when congress passed ad Bill signed the bill which set us on the path to fiscal balence I turned to my husband and said " watch them try and claim this as their doing" They have done just that. The bill was signed without ONE single R vote and was credited by the CBO and the GAO as a major reason for the surpluses. The Rs base still thinks it was Newt. They will claim it , it will be twisted logic and some will buy it.
Again, yes, they will find a way to blame the Dems.... and the Dems will find a way to blame the Reps. This really shouldn't come as a surprise to you Desh. They have been doing it for decades. When in doubt... blame the other party..... something you are very good at.
Again you are posting your idiotic assertion that one bill caused surplusses? How many fucking times do you have to be shown that the budget is created on an annual basis? Or do you really believe that it takes SIX years for that bill to work its way into an ANNUAL process? Funny how you start a thread about how the Reps will try to find a way to blame Dems when you are doing the same damn thing in reverse.
If you don't understand economics and want to learn, that is great. But quit spouting off ignorant crap like this.
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11-14-2007, 07:34 AM
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Originally Posted by Superfreak
Again, yes, they will find a way to blame the Dems.... and the Dems will find a way to blame the Reps. This really shouldn't come as a surprise to you Desh. They have been doing it for decades. When in doubt... blame the other party..... something you are very good at.
Again you are posting your idiotic assertion that one bill caused surplusses? How many fucking times do you have to be shown that the budget is created on an annual basis? Or do you really believe that it takes SIX years for that bill to work its way into an ANNUAL process? Funny how you start a thread about how the Reps will try to find a way to blame Dems when you are doing the same damn thing in reverse.
If you don't understand economics and want to learn, that is great. But quit spouting off ignorant crap like this.
YOu are doing just what I said . You refuse to realise that this bill indeed was what set us on the fiscal path. IT WAS!
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:38 AM
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Originally Posted by Desh
You watch they will find a way to say it was the democrats fault.
I remember back in 1993 when congress passed ad Bill signed the bill which set us on the path to fiscal balence I turned to my husband and said " watch them try and claim this as their doing" They have done just that. The bill was signed without ONE single R vote and was credited by the CBO and the GAO as a major reason for the surpluses. The Rs base still thinks it was Newt. They will claim it , it will be twisted logic and some will buy it.
What bill? His giant tax increase? Because that did not help with fiscal balance. It was spending cuts that did.
In the first 2 years of Clinton where the Democrats had the presidency, house and senate the debt went up by
$628,129,254,491.66 ($4,692,749,910,013.32 at end of 1994 minus 4,064,620,655,521.66 at end of 1992) or $314,064,627,245.83 per year.
In the next 6 years of Clinton's terms, Republicans controlled the house and senate and the debt went up by $981,428,299,873.54 ($5,674,178,209,886.86 at end of 2000 minus 4,692,749,910,013.32 at end of 1994) or
$163,571,383,312.26 per year
We know this was because they cut welfare, government and subsidies.
So, again when the Republicans controlled the house and senate in the 90's, the debt went up by only $163,571,383,312.26 per year, while when the Democrats controlled everything in the 90's, the debt went up by almost double at $314,064,627,245.83 per year.
All figures shown here:
http://www.publicdebt.treas.gov/opd/opdhisto4.htm
"Don't ever think you know what's right for the other person. He might start thinking he knows what's right for you." – Paul Williams, "Das Energi"
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11-14-2007, 07:39 AM
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And if you want the perfect example of someone taking credit for others, that would have to be welfare reform pushed by Repubs in the 90's, which Clinton fought tooth and nail against, vetoing it twice and only then giving in to overwhelming public opinion for it and then taking credit for it.
"Don't ever think you know what's right for the other person. He might start thinking he knows what's right for you." – Paul Williams, "Das Energi"
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11-14-2007, 07:40 AM
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Originally Posted by Desh
YOu are doing just what I said . You refuse to realise that this bill indeed was what set us on the fiscal path. IT WAS!
I have never said that it didn't play a part in it desh. But you give it far too much credit for the revenues generated in the late 90's and 2000. The capital gains tax cuts had a large part in it. The tech and internet boom played a large part in it. The general state of the economy led to the large influx of revenues. The budget battle between Clinton and Congress played a large part in it.
Bottom line, you are wrong to cling to the belief that this bill was significant in any other way than being a first step down a long path.
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11-14-2007, 07:48 AM
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No you give it too little. It shifted the path and forced the Rs to try and do something to effect the balence in an attempt to claim the credit. It was the last time the modern republican party tried to help do more than just TALK about being the fiscal party.
The GAO and the CBO gave it top billing for creating the surpluses.
You watn to bury it because it sdoes not fit into your world view.
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 07:57 AM
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Originally Posted by Desh
No you give it too little. It shifted the path and forced the Rs to try and do something to effect the balence in an attempt to claim the credit. It was the last time the modern republican party tried to help do more than just TALK about being the fiscal party.
The GAO and the CBO gave it top billing for creating the surpluses.
You watn to bury it because it sdoes not fit into your world view.
Desh, you are a party hack. We get that. You can trot out your little GAO and CBO quotes all day long. They are the same ones that could not even come close to predicting the "outcome" of that bill on the surplus. They were way off. If you want to take their word for it, that is your choice. Anyone who understands economics knows why they are wrong on that.
That bill did little in the ways of creating the so-called budget surplusses. I am not going to relive this conversation any further though as you have proven time and again not to have any understanding of economics and that you are unwilling to learn. You cling to quotes from the government about how great the government is doing. Enjoy your fantasy world.
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11-14-2007, 08:25 AM
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An internet guy's opinion against the GAO and the CBO......hmmm..... who should I go with?
http://www.sec.gov/news/press/2007/2007-190.htm
http://www.banktech.com/some-firms-e...d/d-id/1288450
http://www.justplainpolitics.com/sho...70#post1529170
http://www.justplainpolitics.com/sho...light=director
http://www.justplainpolitics.com/sho...e-getting-dark
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11-14-2007, 08:27 AM
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Originally Posted by Desh
An internet guy's opinion against the GAO and the CBO......hmmm..... who should I go with?
Like I said, cling to your government spoon fed quotes. IGNORE the fact that they were completely wrong in their predictions.... thats what all good little party hacks do.
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Yes, one of those.
evince
Truthmatters
I just proved you a fucking liar asshole
go lie to your daughter some more evil fucking sociopath
evince
Truthmatters
so are you now going to tell the lie that I did not predict the last crash?
evince
Truthmatters
you used to accept FACTS
what happened to you?
you allow grind to ban me for merely proving I was correct all those years ago
why?
Jerry Mathers
Was it me?
So it wasn't "overheaty" under obama?
Of course not. Obama created real main street growth. (This is what dumb people think)
evince
Truthmatters
post 8
OK. If ... today, Thursday, is another bloodletting, ... I know Friday (before the weekend) will be 'horrendous'. I will 'BUY' on Friday.
Why are you Still attacking him by mentioning his daughter. What's wrong with you?
(Call Mrs. Ford....perhaps you two can get a deal on some much needed group therapy....)