Gloom, Doom, or Boom? Finance and Economics

[Colonel Sun]

[Mr. Perfect]

[AzariLoveIran]

[Demon of Undoing]

[skyhook77sfg]

if joe and his exaggerated expectations are the problem...

its real easy to dilute joes kind into insignificance

with the many millions of joses all over latin america

literally dying to join us at minimum wage or less....


imho the class war begun by reagan's GE employers

and that piss on you trickle down vodoo economic lunacy

based on a laugable curve on a paper napkin

that has delivered 80% of all income growth

to the already obese fat cats and job offshoring

for previously working americans has totally

decimated consumer demand in an economy

that is 2/3ds consumer driven.....

not to mention the organized crime antics

of wall street parasites like GE Finance

and the Goldman Sachs mobsters in USG

[AzariLoveIran]

Loooooooooove it

eye opener


Tinker , care to comment ?


.

[Mr. Perfect]

[Mr. Perfect]

Az, problem is not joe (only). problem is sally the soccer mom, michael the metrosexual, christopher the cpa, and and and and... no end. Joe doesn't know anything about the budget. maybe 2-3% have any concept about USG finances. All demographics, downtown boston, NY, no friend to jow, all take as many handouts (sometimes imaginary) as they can get, voting them in every two years. FYI, joe smaller demographic than you sometimes appear to think.

[skyhook77sfg]

yessirrre its the little people lined up at the soup kitchens who have all the power to change the laws and IRS loopholes...

yep those powerful homeless vets that gave EXXONMOBIL all those taxbreaks

and multibillion dollar IRS checks to companies with billions in profits

and billions to Archer Daniels to turn food into expensive gas

and and and on and on...


and oh yeah dont forget to cherchez la femme

those evil witches called soccer moms that overbill

the pentagon billions illegally and never go to jail

and even do it in a war zone and still no jail

must be shape shifting unnatural artificial persons eh?

[Mr. Perfect]

I was told Obama would take care of all that.

Isn't he?

[skyhook77sfg]

THE NEW PERFECT DODGE


never counter an idea with one of your own.....

never answer an argument with your own...

always shift attention elsewhere...

annoy opponents like a mosquito...

deny, distract and disparage...


but under no circumstances

engage your opponents points


perfect eh?


onward mosquitos....

[Tinker]

[skyhook77sfg]

this important thread is also 37 pages long...

went back to col sun's first post august last year

the sense of impending collapse then abated and now seems to have returned...


like a forest fire that never was completely contained and has flared up with returning winds

the economic dilemma of actions to avoid being gored by the horn of inflation

raises the possibilities of goring by deflation to this untrained but not unobservant observer


we now may be approaching ground zero just before the moment of implosion

and unlike the banksters moment of systemic risk in "08

when they gamed the game a bit too much

this one appears to have no corrective patch

and am fully expecting a big blue screen

after all connections aborted message

[cincinnatus]

Sort of like the house flooded two years ago, but all we did was fix the exterior so it looked good. Who cares about the moisture in the walls and under the floor? It won't rot, or provide room for mold to grow....

No fear though. We have Turd Sandwich or Giant Douche to save us in 2012.

[Mr. Perfect]

I don't know if you're following the news but the GOP is proposing trillions of dollars in cuts, truly unprecedented policy.

That's kicking the can down the road?

[skyhook77sfg]

the gop seems ready to pull the plug on an economy long in the ICU...

they will rue the day they even thought of dicking around with default

the pampered fat cats are always the first to be eaten

when the natives run out of their usual grub....

[Mr. Perfect]

What are you going to do if that doesn't happen?

What card do you play when George Bush fear politics doesn't work out?

[Demon of Undoing]

I have done quite a lot of thinking lately on the idea of being completely wrong.

Things always somehow do seem to muddle through, in spite of frequent occurrences of OT-level suffering. Maybe my threatmeter is broken, maybe too fond of checking the dial. I am open to the idea that I am fallible, to say the least. So I try to make a case on how things are going to come out okay.

I just kinda can't do it. Maybe not informed or smart enough, but I don't see a way out of this.

Alph? A little help here?

Incidentally, a mix of middle ages and TechnoSparta is exactly what I think will happen.

[Demon of Undoing]

[skyhook77sfg]

affirmative.

fire in the hole.

[Mr. Perfect]

I think you're both wrong.

[skyhook77sfg]

if the choice is default we may be optimists....

ever been around full societal collapse?

people loot , kill people

and kids join in

cause thats whats

goin down when

it all goes down

[Mr. Perfect]

No, that's hysterics. The government can still spend lots of money, it just can't borrow more than it takes in. It can service the debt.

We've had gov't shutdowns before, nothing happens but Democrats get on tv and cry.

[Demon of Undoing]

[Mr. Perfect]

It's a less than 1 percent problem. Our ability to be credit worthy will not be impacted one iota by this episode. Our ability to be credit worthy is based on our ability to pay, which exists in the short term but is questionable in the long term. Nobody knows in the long term, and our ability/inability to be credit worthy in the long term is not affected at all by what we do with the debt ceiling.

This was placed upon us. Had we just increased the debt limit to be good citizens every single one of you would have labeled the GOP as having caved and the GOP would be wiped out.

J Boner has seen this before, up close. He was Newt's whip when this happened last time. He's playing it masterfully. Probably the greatest political performance since Reagan. A great champion of freedom, John Boner.