And in other news...

[maxiep]

...the economy is very likely heading back into recession. I hope everyone really enjoyed this "recovery".

http://www.businessinsider.com/final-q3-gdp-2012-9

http://www.reuters.com/article/2012/09/27/us-usa-economy-durables-idUSBRE88Q0S720120927

http://www.weeklystandard.com/blogs/santelli-gdp-numbers-depressingly-weak_653119.html

http://www.aei-ideas.org/2012/09/its-all-unraveling-is-this-the-last-quarter-the-recovery/

Of course, it's Mitt Romney's tax returns that are important...

In the words of Kevin Bacon, "Remain calm, all is well!"

 

[Mediocre Man]

Also in the words of Kevin Bacon "Thank you sir, may I have another"

As he is being spanked.

Romney is far from perfect, but Obama has led us in the wrong direction

 

[maxiep]

Also in the words of Kevin Bacon "Thank you sir, may I have another"

As he is being spanked.

Romney is far from perfect, but Obama has led us in the wrong direction

How to incentivize and grow businesses is exactly what Romney does well. He is also well-equipped to streamline the Federal bureaucracy. Combined with Ryan's knowledge of where the bodies are buried in the budget and it would be an effective combination. Our macroeconomy is no different than a business: Increase revenues (private sector growth) and decrease expenses (size of government). He may have his faults, but dealing with our biggest issue isn't one of them.

 

[MARIS61]

No surprise the 1% is again manipulating the economy by holding back orders for goods. With Romney crashing and burning it's really their last desperate shot at stalling the recovery. Looks like it's too little, too late though as housing is in an unreversable turnaround that will drag the rest of the economy back into the black with it.

 

[DaLincolnJones]

Maris, man, you need to hit the green option on font...

 

[Mediocre Man]

How to incentivize and grow businesses is exactly what Romney does well. He is also well-equipped to streamline the Federal bureaucracy. Combined with Ryan's knowledge of where the bodies are buried in the budget and it would be an effective combination. Our macroeconomy is no different than a business: Increase revenues (private sector growth) and decrease expenses (size of government). He may have his faults, but dealing with our biggest issue isn't one of them.

You won't get an argument from me

 

[Ed O]

After another recession, it will be a great opportunity for the government to spend more money and fill in the gaps where jobs used to be. Through executive order, if needs must.

And after those gaps are filled, it'll be even more difficult for voters to go in another direction.

*sigh*

Ed O.

 

[DaLincolnJones]

yeah we have already passed the 50 percent mark, the Dems have done a great job. I would have never thought that I would live to see the day that labor unions would stand hand in hand with illegals, freeloaders and those that run the social hand out systems.

 

[blazerboy30]

...the economy is very likely heading back into recession. I hope everyone really enjoyed this "recovery".

http://www.businessinsider.com/final-q3-gdp-2012-9

http://www.reuters.com/article/2012/09/27/us-usa-economy-durables-idUSBRE88Q0S720120927

http://www.weeklystandard.com/blogs/santelli-gdp-numbers-depressingly-weak_653119.html

http://www.aei-ideas.org/2012/09/its-all-unraveling-is-this-the-last-quarter-the-recovery/

Of course, it's Mitt Romney's tax returns that are important...

In the words of Kevin Bacon, "Remain calm, all is well!"

It's fine... it's fine. We'll just fix it with more QE! QE has worked extremely well to get this economy soaring, and it will continue to work well.

 

[DaLincolnJones]

It's fine... it's fine. We'll just fix it with more QE! QE has worked extremely well to get this economy soaring, and it will continue to work well.

yeah, man, I worked well for Greece, oh wait....

 

[maxiep]

Furthermore, it shouldn't have been this way...

http://online.wsj.com/article/SB100...7613122591922992.html?mod=WSJ_Opinion_LEADTop

 

[Haakzilla]

...end the Fed

 

[maxiep]

Terrific news! Now we have inflation coming!

http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2012-09-28-06-46-37

This is going to be better than a re-run of the Carter years, just without peace between Egypt and Israel. Hope and Change!

 

[ABM]

In the words of Kevin Bacon, "Remain calm, all is well!"

Shoot, I may only be six-degrees from a free phone!!

 

[donkiez]

yeah, man, I worked well for Greece, oh wait....

I believe Greece did austerity not QE, in fact comparing us to Greece is an argument for QE as their measures lead to riots where as ours just made everyone poor and jobless.....

The country I see as a model for recovery is Iceland. They held banks and the financial firms accountable and didnt bail out foriegn investors at the tax payers expense. It cost them a few painful years but they are in the middle of a decent real recovery now, and they were able to expand their social progams at the same time.

 

[Eastoff]

I believe Greece did austerity not QE, in fact comparing us to Greece is an argument for QE as their measures lead to riots where as ours just made everyone poor and jobless.....

The country I see as a model for recovery is Iceland. They held banks and the financial firms accountable and didnt bail out foriegn investors at the tax payers expense. It cost them a few painful years but they are in the middle of a decent real recovery now, and they were able to expand their social progams at the same time.

Iceland is a rather unique situation. Their population is quite small, and they will not be receiving any international loans for at least a decade. But the rest of your statements are generally true. Greece is rioting (their culture likes to protest) because of austerity.

 

[maxiep]

Iceland is a rather unique situation. Their population is quite small, and they will not be receiving any international loans for at least a decade. But the rest of your statements are generally true. Greece is rioting (their culture likes to protest) because of austerity.

It's not because they made the choice of austerity. It's because they ran out of money and they were forced to make painful cuts.

Seriously, do people think austerity is a choice? It's not that hard to figure out. When you borrow a dollar, you have to repay it with interest. Our bills are coming due and we have to repay them. How do you have the government give all this free stuff without paying for it? Think of your own budget; there are things with which you have to do without.

If I were moderating a debate, my first question for President Obama (with a followup for Governor Romney) would be, "How do you pay for your programs? Because taxing the 'rich' isn't going to do it. Please give me specific numbers."

 

[Denny Crane]

It's not because they made the choice of austerity. It's because they ran out of money and they were forced to make painful cuts.

Seriously, do people think austerity is a choice? It's not that hard to figure out. When you borrow a dollar, you have to repay it with interest. Our bills are coming due and we have to repay them. How do you have the government give all this free stuff without paying for it? Think of your own budget; there are things with which you have to do without.

If I were moderating a debate, my first question for President Obama (with a followup for Governor Romney) would be, "How do you pay for your programs? Because taxing the 'rich' isn't going to do it. Please give me specific numbers."

Here's how we pay for it:

 

[DaLincolnJones]

Here's how we pay for it:

yep, thats why that 1.89 gallon of milk is 3.29 etc etc etc, the more they print, the less it is worth. Could this be the Governments grand plan? To devalue
Our dollar to the equivalency of the paso? "Hey its not so bad, that 18 trillion is only like, 1700 euros!"

 

[Eastoff]

yep, thats why that 1.89 gallon of milk is 3.29 etc etc etc, the more they print, the less it is worth. Could this be the Governments grand plan? To devalue
Our dollar to the equivalency of the paso? "Hey its not so bad, that 18 trillion is only like, 1700 euros!"

Weren't you just discussing Greece and now you're suggesting the Euro is solvent? Do you listen to the whole news story?

 

[DaLincolnJones]

Just joshing, a bit, I was in no way serious, but now that you mention it, yeah as a matter of fact, the euro is doing ok, Germany is still commited to it, and there is talk of removing Greece if they dont get thier collective shit together. The euro is not experiencing the devaluation that the dollar is dealing with.

 

[donkiez]

Here's how we pay for it:

Maybe Im just naive but I think the money is there without these measures. We just have to change our priorities as a country and cut back on wasteful spending. Simple right?

 

[Haakzilla]

yep, thats why that 1.89 gallon of milk is 3.29 etc etc etc, the more they print, the less it is worth. Could this be the FEDERAL RESERVE'S grand plan? To devalue our dollar!

FIFY

 

[DaLincolnJones]

hahahaa yeah, I like that better

 

[Haakzilla]

hahahaa yeah, I like that better

...it's a sad reality. If, let's say, the dollar does eventually collapse in our lifetime, then what's to replace it? The Amero?

 

[Denny Crane]

Maybe Im just naive but I think the money is there without these measures. We just have to change our priorities as a country and cut back on wasteful spending. Simple right?

I'm pretty sure most of the money goes to SS and Medicare. Maybe 1/3 goes to military and debt interest.

"waste, fraud, and abuse" is a drop in the bucket.

 

[donkiez]

I'm pretty sure most of the money goes to SS and Medicare. Maybe 1/3 goes to military and debt interest.

"waste, fraud, and abuse" is a drop in the bucket.

Whats with all the fuss about overpaid teachers, unemployment freeloaders, foodstamps, wellfare queens, and bloated government pensions then?

Since we pay more for our military than the rest of the world combined do we really need 1/3 of our budget going to this?

A lot of drops in the bucket end up being a bucket. The other point I made was reorganizing our priorities as a nation. Somethings are in the grey area between priorities change and waste/fraud.

 

[BrianFromWA]

Putting aside the analysis of how big the military needs to be to keep the American lifestyle going...

Since we pay more for our military than the rest of the world combined do we really need 1/3 of our budget going to this?

This isn't true, and hasn't been true for about 5 years. The only major players decreasing defense spending are US and Western Europe. China and Russia (among many others) have been having double-digit % increases in spending for almost a decade.

And our (unsigned) budget for FY13 has DoD getting 673B (including Overseas Contingency Ops--read, War in Afghanistan) out of 3.8T spent. That's 17%, not 1/3.

 

[3RA1N1AC]

money well spent, those corporate interests arent going to protect themselves

 

[SlyPokerDog]

Putting aside the analysis of how big the military needs to be to keep the American lifestyle going...


This isn't true, and hasn't been true for about 5 years. The only major players decreasing defense spending are US and Western Europe. China and Russia (among many others) have been having double-digit % increases in spending for almost a decade.