[quote]sasquatch wrote:
I think you knew that, but wanted to reply like an ass just for the fun of it.[/quote]
Uh? Where did that come from?
I think you REALLY need to ligthen up…
[quote]hspder wrote:
sasquatch wrote:
I think you knew that, but wanted to reply like an ass just for the fun of it.
Uh? Where did that come from?
I think you REALLY need to ligthen up…
[/quote]
Uh–McCarthy. Segregation. Uh!
That’s the great thing about cutting and pasting, you can pull stuff out of context and then go–Uh, when it was quite obvious from my entire post where it came from. And then my answer explained it. But you can infer that I meant the red scare and racial segregation and I’m the one who REALLY needs to lighten up. Good one.
[quote]sasquatch wrote:
But you can infer that I meant the red scare and racial segregation and I’m the one who REALLY needs to lighten up. Good one.[/quote]
Were did I say or infer that you meant the red scare and racial segregation? I did no such thing – quite the opposite.
Re-read what I wrote:
"
I guess you mean the 50s MINUS McCarthy and Segregation
"
In case you don’t know what MINUS means, here it is:
Main Entry: 1mi?nus
Pronunciation: 'mI-n&s
Function: preposition
Etymology: Middle English, from Latin minus, adverb, less, from neuter of minor smaller – more at MINOR
1 : diminished by : LESS
2 : deprived of : WITHOUT
[quote]hspder wrote:
sasquatch wrote:
But you can infer that I meant the red scare and racial segregation and I’m the one who REALLY needs to lighten up. Good one.
Were did I say or infer that you meant the red scare and racial segregation? I did no such thing – quite the opposite.
Re-read what I wrote:
"
I guess you mean the 50s MINUS McCarthy and Segregation
"
In case you don’t know what MINUS means, here it is:
Main Entry: 1mi?nus
Pronunciation: 'mI-n&s
Function: preposition
Etymology: Middle English, from Latin minus, adverb, less, from neuter of minor smaller – more at MINOR
1 : diminished by : LESS
2 : deprived of : WITHOUT
[/quote]
you’re still an ass
now you’re just a wannabe popmpous one.
And I’ll assert again. It was the times, not the man.
Boston,
Your points are appropriate, but at the time of the Convention, these three represented a more moderate viewpoint. And at that time, they delivered 20% of the vote.
Yes, it is a dividing line within the party, but my point is that the Religious Right is not as powerful as it claims to be and is moving the party out of power or has the potential of making the party appear incredibly fanatical. It is not where the majority of Americans are.
I believe that the majority of Americans truly want smaller government, balanced budgets (fiscal responsibility) and to have the government stay out of people’s lives. Social Engineering does not work. But it seems that the Religious Right has forgotten that or maybe it never learned it.
[quote]Wreckless wrote:
PGJ wrote:
A
There’s nothing harder in public life than admitting you’re wrong. By the way, admitting you’re wrong can be even tougher in private life. If you don’t believe me, just ask Bill Clinton or Charlie Sheen.
Are you serious??? When did Clinton admit he was wrong? “I did not have sexual relations with that woman”. That was his sworn testimony to a grand jury. He was sorry he got caught, that’s all. He’s a freakin’ felon and should be in jail. And don’t give me “Bush used illegal wiretaps” weak-assed shit. Show me a law that says surveilance of suspected criminals is illegal. I believe that once the pussy liberal democrats loose another election in 08 we will truly see the wisdom of his leadership. Too much absolute hatred misdirected at the man.
And if you are blaming gas prices on the President then you are petty and stupid. Did you see the interview with the Exxon executive who said gas is expensive because the market will bear it and that Exxon has investors to look out for? Basically, he’s saying gas is so expensive bacause dumb-asses like us will pay for it. And don’t give me the whole Iraq thing. I’m active duty military and support the President. We all volunteered to do what we are doing.
You can’t support the troops without supporting the mission and the President. Going to war for natural resources is perfectly legitimate (which wasn’t even the primary concern). Your ass is sitting at home warm and comfortable and safe because of the President. You don’t have to like everything he does. If you knew anything about leadership, you’d know that sometimes a leader has to make tough decisions that are unpopular. You will never go far in life if you are a man-pleaser.
You’re right.
Lying about wmd. Invading another country under false pretences. Having tenthousand of people killed. Wrecking the economy in the process.
All this pales in comparison with cheating on your wife and lying about it.
Thanks for opening my eyes.
[/quote]
Dear Ass Clown,
Show me where the economy is “wrecked” Last I checked it was doing fantastic…clearly I haven’t been reading my mother jones though so shows what I know.
Thanks,
Me
[quote]biltritewave wrote:
Show me where the economy is “wrecked” Last I checked it was doing fantastic…clearly I haven’t been reading my mother jones though so shows what I know. [/quote]
Every single Economist I know – including myself – has said that the US Economy is already experiencing a downturn, which will continue through this Summer and at least until November.
Just one example:
Don’t believe us? Look at the Stock Market in the past 6 days or so.
The only thing keeping us from a full-blown recession is the expectation that the Dems will have a landslide victory in November. If they don’t… well, the downturn will probably continue until at least 2008…
[quote]hspder wrote:
biltritewave wrote:
Show me where the economy is “wrecked” Last I checked it was doing fantastic…clearly I haven’t been reading my mother jones though so shows what I know.
Every single Economist I know – including myself – has said that the US Economy is already experiencing a downturn, which will continue through this Summer and at least until November.
Just one example:
Don’t believe us? Look at the Stock Market in the past 6 days or so.
The only thing keeping us from a full-blown recession is the expectation that the Dems will have a landslide victory in November. If they don’t… well, the downturn will probably continue until at least 2008…
[/quote]
The market was nearing all-time high before this. Who didn’t think it would drop? Every economist!!! That’s nonsense. Right now I’m watching one talk about the reinvenstment rate and the lowest unemployment pre 2000 when the bubble burst and the recession
began.
Your statement about the only thing stopping a full blown recession is the prospect of a dem takeover is ludicrous.
Laughable might be better. The general public isn’t even thinking that far ahead. We can’t even seem to get them to vote on that day!
No reputable ‘economist’ would base any recommendation on a 6 day period of the market.
I
[quote]sasquatch wrote:
The general public isn’t even thinking that far ahead. We can’t even seem to get them to vote on that day![/quote]
Who’s talking about the general public? Do you really think the general public has the most influence on the economy?
[quote]sasquatch wrote:
No reputable ‘economist’ would base any recommendation on a 6 day period of the market.[/quote]
Of course not. That recommendation was the CAUSE of the market falling, not the result. Markets fall because people start selling when they realize the economy is going down.
[quote]hspder wrote:
sasquatch wrote:
The general public isn’t even thinking that far ahead. We can’t even seem to get them to vote on that day!
Who’s talking about the general public? Do you really think the general public has the most influence on the economy?
sasquatch wrote:
No reputable ‘economist’ would base any recommendation on a 6 day period of the market.
Of course not. That recommendation was the CAUSE of the market falling, not the result. Markets fall because people start selling when they realize the economy is going down.
[/quote]
There are many reasons to sell. The market is cyclical by the hour, day,week, month year… Your economic forecast had little to do with the market dropping. Or, how about you give us a boost and recommend that the economy is fine and the market is really bullish!
Watch CNN and the economy is flat and receeding. Watch FOX and the economy is booming. For every economist that says great-one says not so great.
Do you really think the business leaders of this country are focused on an off year election as to the key to the economy? People have money and are spending it. People have jobs. Production is up. The only thing that will stop it is probably a dem landslide. Then surely nothing will be accomplishhed for another 2 years. The dems aren’t exactly known as small gov’t and fiscsal responsibility. In fact- none of them are.
Settling Iraq and healthcare would be the best thing this gov’t can do. Partisanship aside. Give me that team and they get my vote
[quote]sasquatch wrote:
economic forecast had little to do with the market dropping. [/quote]
Are you sure?
"
[BRIEFING.COM] Stocks got rocked Wednesday after a stronger-than-expected rise in the core CPI exacerbated fears that building inflationary pressures will force the Fed to keep raising rates.
Before the market opened, the Labor Dept. showed that consumer prices rose 0.6%, as energy prices rose 3.9% – the highest since January. Adding insult to injury, the more closely watched core rate, which excludes energy, also rose more than expected. The 0.3% rise in the core CPI matched the large March gain to leave a 2.3% year/year growth. With the Fed saying one week ago today that “some further policy firming may yet be needed to address inflation risks” and reiterating its focus on “incoming” data to dictate whether further rate hikes will be needed, today’s data silenced last week’s optimism about a potential pause.
Yesterday, futures traders priced in only 36% likelihood that the central bank will raise rates to 5.25% at its June 29 meeting, but now they’re pricing in about a 54% chance the Fed will go further than expected with its tightening efforts.
Making matters worse, above average volume provided even more conviction behind Wednesday’s widespread sell-off, as more than 2.0 bln shares traded hands on both the NYSE and the Nasdaq. Further underscoring the nervousness behind the day’s drubbing was a 15% surge on the VIX (CBOE Volatility Index) to a new 2006 high. Known as the “investor fear gauge,” the spike higher suggests investors are cautiously buying options to hedge against further declines in equities. Among the major averages, the Dow turned in the worst performance, losing more than 200 points as sellers were in control from start to finish, shaving 1.9% off of its year-to-date leading 6.6% gain. It was the worst one-day decline since January. The Nasdaq also sold off, extending its losing streak to 7 days and turning negative for the year. The S&P 500 fell to a three-month low as all ten economic sectors posted losses, led by declines of more than 2.0% in Financials, Industrials, Energy, Materials and Telecom.
Thinning hopes that the Fed will pause at its next meeting in late June also weighed on Treasuries, lifting the yield on the 10-yr note to as much as 5.18% before finishing at 5.14%. The spike in bond yields was what weighed most heavily on Financials, as the rise in borrowing costs diminished the desire to own rate-sensitive banks and brokerages. Since higher rates spark valuation concerns among growth stocks and also greatly impact the borrowing power of smaller companies, today’s broad-based downturn especially hit the Russell 2000, knocking it further from an all-time high reached on May 5th.
"
Inflation and increased interest rates greatly impact the economy, especially with the unprecedented level of debt we all have – and I don’t mean just Public Debt, but also mortgage and credit card debt.
For example, foreclosures are already at an all-time high. They will get worse.
[quote]hspder wrote:
biltritewave wrote:
Show me where the economy is “wrecked” Last I checked it was doing fantastic…clearly I haven’t been reading my mother jones though so shows what I know.
Every single Economist I know – including myself – has said that the US Economy is already experiencing a downturn, which will continue through this Summer and at least until November.
Just one example:
Don’t believe us? Look at the Stock Market in the past 6 days or so.
The only thing keeping us from a full-blown recession is the expectation that the Dems will have a landslide victory in November. If they don’t… well, the downturn will probably continue until at least 2008…
[/quote]
HAHAHAHAHAHAHAHA
is that the shit they teach you at Stanford business school…if it is i am glad i decided not to go there.
thanks
me
[quote]hspder wrote:
sasquatch wrote:
economic forecast had little to do with the market dropping.
Are you sure?
"
[BRIEFING.COM] Stocks got rocked Wednesday after a stronger-than-expected rise in the core CPI exacerbated fears that building inflationary pressures will force the Fed to keep raising rates.
Before the market opened, the Labor Dept. showed that consumer prices rose 0.6%, as energy prices rose 3.9% – the highest since January. Adding insult to injury, the more closely watched core rate, which excludes energy, also rose more than expected. The 0.3% rise in the core CPI matched the large March gain to leave a 2.3% year/year growth. With the Fed saying one week ago today that “some further policy firming may yet be needed to address inflation risks” and reiterating its focus on “incoming” data to dictate whether further rate hikes will be needed, today’s data silenced last week’s optimism about a potential pause.
Yesterday, futures traders priced in only 36% likelihood that the central bank will raise rates to 5.25% at its June 29 meeting, but now they’re pricing in about a 54% chance the Fed will go further than expected with its tightening efforts.
Making matters worse, above average volume provided even more conviction behind Wednesday’s widespread sell-off, as more than 2.0 bln shares traded hands on both the NYSE and the Nasdaq. Further underscoring the nervousness behind the day’s drubbing was a 15% surge on the VIX (CBOE Volatility Index) to a new 2006 high. Known as the “investor fear gauge,” the spike higher suggests investors are cautiously buying options to hedge against further declines in equities. Among the major averages, the Dow turned in the worst performance, losing more than 200 points as sellers were in control from start to finish, shaving 1.9% off of its year-to-date leading 6.6% gain. It was the worst one-day decline since January. The Nasdaq also sold off, extending its losing streak to 7 days and turning negative for the year. The S&P 500 fell to a three-month low as all ten economic sectors posted losses, led by declines of more than 2.0% in Financials, Industrials, Energy, Materials and Telecom.
Thinning hopes that the Fed will pause at its next meeting in late June also weighed on Treasuries, lifting the yield on the 10-yr note to as much as 5.18% before finishing at 5.14%. The spike in bond yields was what weighed most heavily on Financials, as the rise in borrowing costs diminished the desire to own rate-sensitive banks and brokerages. Since higher rates spark valuation concerns among growth stocks and also greatly impact the borrowing power of smaller companies, today’s broad-based downturn especially hit the Russell 2000, knocking it further from an all-time high reached on May 5th.
"
Inflation and increased interest rates greatly impact the economy, especially with the unprecedented level of debt we all have – and I don’t mean just Public Debt, but also mortgage and credit card debt.
For example, foreclosures are already at an all-time high. They will get worse.
[/quote]
I"ll try to go in bits and pieces because admittedly, U.S. economics is not my strong point.
If increased interest rates are the culprit, why does the Fed continue to raise interest rates. To slow the economy. Because it needs some regulation. Not because the Rep. are in office. The econmy is growing to fast for them. Am I on the right track?
Forclosures are for many reasons. I blame the banks and the lack of knowlege by buyers as much or more than the economy. So many buy above their means and can’t afford any setbacks. And the banks just keep feeding them money.
My statement was incorrect though. Obviously the market is affected by speculation.
[quote]biltritewave wrote:
hspder wrote:
biltritewave wrote:
Show me where the economy is “wrecked” Last I checked it was doing fantastic…clearly I haven’t been reading my mother jones though so shows what I know.
Every single Economist I know – including myself – has said that the US Economy is already experiencing a downturn, which will continue through this Summer and at least until November.
Just one example:
Don’t believe us? Look at the Stock Market in the past 6 days or so.
The only thing keeping us from a full-blown recession is the expectation that the Dems will have a landslide victory in November. If they don’t… well, the downturn will probably continue until at least 2008…
HAHAHAHAHAHAHAHA
is that the shit they teach you at Stanford business school…if it is i am glad i decided not to go there.
thanks
me
[/quote]
Hmm…the economics professor or the gu who can’t punctuate correctly: who to believe?
[quote]sasquatch wrote:
If increased interest rates are the culprit, why does the Fed continue to raise interest rates. To slow the economy. Because it needs some regulation. Not because the Rep. are in office. The econmy is growing to fast for them. Am I on the right track?[/quote]
Nope. You are on the wrong track.
The Fed is increasing the interest rates because of INFLATION. Inflation is not being caused by a growing economy; it is being caused by the perfect storm of budget deficit along with increasing gas prices.
The Republicans are widely blamed for both (the current budget deficit and the increased gas prices), and everybody expects the Dems to fix it. If that’s fair and will come true or not is another thing, but this is not about fairness and reality – it’s about perception.
[quote]steveo5801 wrote:
Have we been attacked since 9/11? No!
Has Bush tried his best to protect us from foreign terrorists no matter where they are? Yes!
Has he done everything right? No!
Has he been conservative in his spending? No!
Has he been right in his not enforcing immigration law? No!
Does that make him one of the worst presidents? I think not!
Who cares where he is in terms of popularity? The fact of the matter is that we have not been attacked since 9/11 and we are fighting the good fight to stop the terrorists from whence they are.
I would much rather have a true conservative that would stick to his guns. Oh, we need another Reagan!
Anyway, until you libs can give what YOUR plan to protect America, all you can do is your shrill Hillary-like screaming about how bad Bush is. What is the Democrats solution to all of this? You have no plan other than to attack Bush, which is no plan that I am comfortable with.[/quote]
Straight out of Bush’s mouth. Why don’t you try thinking for yourself?
The forecasts the WSJ posts seem to indicate a slowdown from the mid 3% range to the high 2% range for annual GDP growth by mid 2007 – a slight downturn, but not really the sort of thing that would hammer the economy or be felt widely.
[quote]harris447 wrote:
biltritewave wrote:
hspder wrote:
biltritewave wrote:
Show me where the economy is “wrecked” Last I checked it was doing fantastic…clearly I haven’t been reading my mother jones though so shows what I know.
Every single Economist I know – including myself – has said that the US Economy is already experiencing a downturn, which will continue through this Summer and at least until November.
Just one example:
Don’t believe us? Look at the Stock Market in the past 6 days or so.
The only thing keeping us from a full-blown recession is the expectation that the Dems will have a landslide victory in November. If they don’t… well, the downturn will probably continue until at least 2008…
HAHAHAHAHAHAHAHA
is that the shit they teach you at Stanford business school…if it is i am glad i decided not to go there.
thanks
me
Hmm…the economics professor or the gu who can’t punctuate correctly: who to believe?
[/quote]
Or the guy who works on capitol hill in politics and wrote his thesis on Central Banking :-).
as for punctuation…I dont proofread anything that isnt going to press, people higher on the totem pole than me, or going into the congressional record. Not worth the time or energy. I come on here to bullshit occasionally, and because suprisingly i think this is a reasonably fair mix of political persuasions that I cant get from going on to party X’s website. The articles linked in here are also interesting…i dont come on here for grammar or punctuation.
But yes. Rest assured the economy is fine. Dems believe that if they shout the sky is falling long enough then eventually it will. A bad watch is still right twice a day.
[quote]hspder wrote:
sasquatch wrote:
If increased interest rates are the culprit, why does the Fed continue to raise interest rates. To slow the economy. Because it needs some regulation. Not because the Rep. are in office. The econmy is growing to fast for them. Am I on the right track?
Nope. You are on the wrong track.
The Fed is increasing the interest rates because of INFLATION. Inflation is not being caused by a growing economy; it is being caused by the perfect storm of budget deficit along with increasing gas prices.
The Republicans are widely blamed for both (the current budget deficit and the increased gas prices), and everybody expects the Dems to fix it. If that’s fair and will come true or not is another thing, but this is not about fairness and reality – it’s about perception.
[/quote]
HAHAH…people think the dems will fix high gas prices…haha COMICAL. you should see some of the ammendments being offered as we speak to punish gas companies for looking for more oil…that sounds like it is going to bring down gas prices.
The deficit is a problem but if anyone took a look at the dems budget proposal yesterday it would be a HUGE deterence to our economy. If you actually think that Wall Street wants a dem house or presidency than you are so far up nancy pelosi’s cooch that it isnt even funny. The dems would take the hell out of every business in the country until they beat the economy in soviet style submission…dont believe me, check their budget proposal that got voted down last night.
[quote]BostonBarrister wrote:
The forecasts the WSJ posts seem to indicate a slowdown from the mid 3% range to the high 2% range for annual GDP growth by mid 2007 – a slight downturn, but not really the sort of thing that would hammer the economy or be felt widely.[/quote]
Yeah, the same guys that last week said the market would stop falling quickly.
Newsflash: it’s still falling.