Worst. Recovery. Ever.

[Larry]

It's official.

http://www.zerohedge.com/news/2013-01-24...overy-ever

[csrowan]

From your article (which says it was written by Tyler Durden...)

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it's not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

I'm not sure if you had a point you wanted to make, but the above certainly fits with some of the points the 'leftists' have been making.

[Larry]

From your article (which says it was written by Tyler Durden...)

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it's not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

I'm not sure if you had a point you wanted to make, but the above certainly fits with some of the points the 'leftists' have been making.

So you admit that Obama's recovery plans have only benefitted the wealthy, and screwed the rest of us? Thank you......

[csrowan]

From your article (which says it was written by Tyler Durden...)

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it's not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

I'm not sure if you had a point you wanted to make, but the above certainly fits with some of the points the 'leftists' have been making.

So you admit that Obama's recovery plans have only benefitted the wealthy, and screwed the rest of us? Thank you......

I admit we were in for a massively disastrous economic issue. We've managed to make a recovery of sorts. We've had the Republicans fighting tooth and nail against all sorts of job bills and tax bills that may have improved that recovery. We'll never know, because they refused to let us try.

And the right-wing trickle-down economic theory, if actually true, should have resulted in a greater recovery given the record profits being made by corporations and investors.

[Larry]

From your article (which says it was written by Tyler Durden...)

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it's not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

I'm not sure if you had a point you wanted to make, but the above certainly fits with some of the points the 'leftists' have been making.

So you admit that Obama's recovery plans have only benefitted the wealthy, and screwed the rest of us? Thank you......

I admit we were in for a massively disastrous economic issue. We've managed to make a recovery of sorts. We've had the Republicans fighting tooth and nail against all sorts of job bills and tax bills that may have improved that recovery. We'll never know, because they refused to let us try.

And the right-wing trickle-down economic theory, if actually true, should have resulted in a greater recovery given the record profits being made by corporations and investors.

Yet worked incredibly well in the early 80's.

[PonderThis]

The Great Depression was a Worse. Recovery.

[csrowan]

From your article (which says it was written by Tyler Durden...)

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it's not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

I'm not sure if you had a point you wanted to make, but the above certainly fits with some of the points the 'leftists' have been making.

So you admit that Obama's recovery plans have only benefitted the wealthy, and screwed the rest of us? Thank you......

I admit we were in for a massively disastrous economic issue. We've managed to make a recovery of sorts. We've had the Republicans fighting tooth and nail against all sorts of job bills and tax bills that may have improved that recovery. We'll never know, because they refused to let us try.

And the right-wing trickle-down economic theory, if actually true, should have resulted in a greater recovery given the record profits being made by corporations and investors.

Yet worked incredibly well in the early 80's.

So why isn't it working now?

And why don't you comment on the Republican filibustering that cost us jobs bills and tax bills that may have helped us recover faster, instead of blaming it in Obama?

[Willie Krash]

Yet worked incredibly well in the early 80's.

Why? Was it taxes Reagan raised time after time? Was it Nixon opening up China?
Was it an exploding stock market due to gov't intervention? Dead parents leaving accumulated post WWII wealth from the salad days for all those baby boomers?
When did all that wealth start heading upward? Was it in 2009?
When did the EU expand and become a dominate and competing force?

[tvguy]

From your article (which says it was written by Tyler Durden...)

For those lucky 1% of the US population whose entire wealth is in financial assets (and who once again managed to avoid a tax hike on carried interest or any actual financial assets), times have almost never been so good.

Well, it's not the biggest surge in the market since the economic trough in history, but it is close. Which as Bernanke admitted some time ago (when discussing the level of the Russell 2000), is the only thing that actually matters to the Fed.

Yet oddly enough, the trickle down from the trillions in excess wealth created for those who hold financial assets, as a result of daily POMOs pumping some $85 billion, and soon more, into the stock market each month, has yet to materialize.

I'm not sure if you had a point you wanted to make, but the above certainly fits with some of the points the 'leftists' have been making.

So you admit that Obama's recovery plans have only benefitted the wealthy, and screwed the rest of us? Thank you......

I admit we were in for a massively disastrous economic issue. We've managed to make a recovery of sorts. We've had the Republicans fighting tooth and nail against all sorts of job bills and tax bills that may have improved that recovery. We'll never know, because they refused to let us try.

And the right-wing trickle-down economic theory, if actually true, should have resulted in a greater recovery given the record profits being made by corporations and investors.

Yet worked incredibly well in the early 80's.

You mean when Ronnie's popularity fell to as low a Nixons?

[tornado]

Source: http://1.usa.gov/WQrLrn


Change I can't believe in. Not what Americans need, or hoped for. Where's the budget?

[orygunluvr]

Yet worked incredibly well in the early 80's.

Why? Was it taxes Reagan raised time after time? Was it Nixon opening up China?
Was it an exploding stock market due to gov't intervention? Dead parents leaving accumulated post WWII wealth from the salad days for all those baby boomers?
When did all that wealth start heading upward? Was it in 2009?
When did the EU expand and become a dominate and competing force?

But what taxes were raised, and overall did the tax burden go down?

[Wonky]

It's official.

http://www.zerohedge.com/news/2013-01-24...overy-ever

You go the great lengths to find obscure authors at little know Web Sites to prove a point with which you agree.

Then you sneak away from any real argument that requires your own writing to answers rebuttal.

In your recent Topic (thread) about "Unemployment" you did it again. I replied with the following, to which you never had the courage to offer a rebuttal. Stick around for the complete argument Larry, or maybe stop offering these one sided and polarizing little views.

For your consideration:

That you may have little knowledge of history, in general, might be sad.

That you have no knowledge of recent history is tragic, and is a sure sign of what appears to be a myopic condition you have no desire to correct.

Where were you in September of 2008? Financial services firm Lehman Brothers filed for Chapter 11 bankruptcy protection on September 15, 2008. The filing remains the largest bankruptcy filing in U.S. history, with Lehman holding over $600 billion in assets.[1] (From Wiki)

And that was only the beginning. When banks fail, credit freezes. When credit freezes businesses can't borrow operating capitol. Without operating capital businesses have no choice but to reduce work force. So: Unemployment.

We (The American People) floated huge loans to the banks. The intent was to simulate lending to business and free capital. As you know, congress failed to include in the bill the rule that banks MUST release capital. They didn't. They kept our money and used it to start investing in the markets. You might notice that the banks and The Markets are now doing well. And they never had the courtesy to thank us. By the way, the banks are again buying and selling the same credit default swaps that got us into this mess in the first place. And again, AIG won't have to assists to cover them.

Some of the blame for this is at the feet of the Obama administration who kept the players in place who were part of the decline of the system. The pressure was intense, the experts saying we on the verge of financial collapse.To blame some of this problem on obama could be technically true in a minor way. He and his staff should have been more diligent in oversight of the bill congress signed. Poulsen (and co) assured the administration is was the right thing to do. If life were fair, Hank Poulsen would be washing dishes in a dinner.

To make the kind of ridiculous comment you did is an obvious choice to treat a serious subject as a "one liner".


So OF COURSE our recovery is slow and difficult. Until our congress is back on track as an institution of reason, allowing for reasonable compromise, we may very well continue to struggle.

[orygunluvr]

...

[orygunluvr]

How does writing regulations that force closures of place of employment have anything to do with republicans? How did giving billions to billionaires, that we were told was going to stimulate the economy, to piss away and then file bankruptcy on have anything to do with republicans? How does spending 2 years with a supermajority just working on healthcare, that actually has increased costs and caused job loss, have anything to do with republicans? All we heard for 2 years was how gret things are going to be with Obamamerica, shared prosperity, shared sacrifice, blah, blah, blah. What have we got? Record amount of poor, record amount on disability, record amount of debt, and a promise of more to come. Welfare and higher taxes are not the key to prosperity.

[Wonky]

How does writing regulations that force closures of place of employment have anything to do with republicans? How did giving billions to billionaires, that we were told was going to stimulate the economy, to piss away and then file bankruptcy on have anything to do with republicans? How does spending 2 years with a supermajority just working on healthcare, that actually has increased costs and caused job loss, have anything to do with republicans? All we heard for 2 years was how gret things are going to be with Obamamerica, shared prosperity, shared sacrifice, blah, blah, blah. What have we got? Record amount of poor, record amount on disability, record amount of debt, and a promise of more to come. Welfare and higher taxes are not the key to prosperity.

So who said it was the fault of the Republican party. WALL STREET AND THE BANKS were the targets here. Matter of fact, there was a Democratic president in the oval office that allowed the deregulation allowing investment banks and commercial banks to merge. That one act helped bring about the crises. Hey Bill, screwing around with Monica was one thing; with us? Shame on you.

The hub of the argument here seems to be about how the Obama administration handled the recovery. NOW we enter the political arena, and IMHO both Republican and Democrats screwed the pup with this. And again, IMHO it's the Tea Party fundamentalists who gum up the works making it difficult to get out of this hole. I truly feel sorry for Mr. Boehner. The guy is between a hard place and a rock.

I think it's folly to blame the Obama administration for the slow recovery. But, they are guilty of some bad moves too. Until this gridlocked congress gets fixed, we remain in a fix.

Bottom line: The banks and investment houses led us down the primrose path. We will be paying the price for some time, I fear.

[Willie Krash]

Yet worked incredibly well in the early 80's.

Why? Was it taxes Reagan raised time after time? Was it Nixon opening up China?
Was it an exploding stock market due to gov't intervention? Dead parents leaving accumulated post WWII wealth from the salad days for all those baby boomers?
When did all that wealth start heading upward? Was it in 2009?
When did the EU expand and become a dominate and competing force?

But what taxes were raised, and overall did the tax burden go down?

Ask a waitress or waiter.

[orygunluvr]

How does writing regulations that force closures of place of employment have anything to do with republicans? How did giving billions to billionaires, that we were told was going to stimulate the economy, to piss away and then file bankruptcy on have anything to do with republicans? How does spending 2 years with a supermajority just working on healthcare, that actually has increased costs and caused job loss, have anything to do with republicans? All we heard for 2 years was how gret things are going to be with Obamamerica, shared prosperity, shared sacrifice, blah, blah, blah. What have we got? Record amount of poor, record amount on disability, record amount of debt, and a promise of more to come. Welfare and higher taxes are not the key to prosperity.

So who said it was the fault of the Republican party. WALL STREET AND THE BANKS were the targets here. Matter of fact, there was a Democratic president in the oval office that allowed the deregulation allowing investment banks and commercial banks to merge. That one act helped bring about the crises. Hey Bill, screwing around with Monica was one thing; with us? Shame on you.

The hub of the argument here seems to be about how the Obama administration handled the recovery. NOW we enter the political arena, and IMHO both Republican and Democrats screwed the pup with this. And again, IMHO it's the Tea Party fundamentalists who gum up the works making it difficult to get out of this hole. I truly feel sorry for Mr. Boehner. The guy is between a hard place and a rock.

I think it's folly to blame the Obama administration for the slow recovery. But, they are guilty of some bad moves too. Until this gridlocked congress gets fixed, we remain in a fix.

Bottom line: The banks and investment houses led us down the primrose path. We will be paying the price for some time, I fear.

You do, every damn day. You make the case as to why Obama should have never been elected in the first place, let alone twice.If the guy can't even get it together enough to put people in position tyo help the country, what good is he? As we see time and time again you guys are more than willing to carry water for your one. Failure after frailer, when doe suit become his fault wonky? The man is supposed to be leading the country, and I say he is. He has managed to implement an agenda that was never meant to get people back to work, he never made that a part of his agenda. He campaigns instead of leads, that's all he knows is divisive rhetoric to make one group hate another.

So what you suggest is that we just go along to get along with Obama? Over 1 trillion dollars more spent than taken in, every year. Why do you suppose that is wonky? Where is it going? More and more people out of work, more and more people falling off of the unemployment rolls, more and more businesses shutting down every day, and it isn't his fault. Ever care to look at the cost to us of his regulations so far?

[Wonky]

How does writing regulations that force closures of place of employment have anything to do with republicans? How did giving billions to billionaires, that we were told was going to stimulate the economy, to piss away and then file bankruptcy on have anything to do with republicans? How does spending 2 years with a supermajority just working on healthcare, that actually has increased costs and caused job loss, have anything to do with republicans? All we heard for 2 years was how gret things are going to be with Obamamerica, shared prosperity, shared sacrifice, blah, blah, blah. What have we got? Record amount of poor, record amount on disability, record amount of debt, and a promise of more to come. Welfare and higher taxes are not the key to prosperity.

So who said it was the fault of the Republican party. WALL STREET AND THE BANKS were the targets here. Matter of fact, there was a Democratic president in the oval office that allowed the deregulation allowing investment banks and commercial banks to merge. That one act helped bring about the crises. Hey Bill, screwing around with Monica was one thing; with us? Shame on you.

The hub of the argument here seems to be about how the Obama administration handled the recovery. NOW we enter the political arena, and IMHO both Republican and Democrats screwed the pup with this. And again, IMHO it's the Tea Party fundamentalists who gum up the works making it difficult to get out of this hole. I truly feel sorry for Mr. Boehner. The guy is between a hard place and a rock.

I think it's folly to blame the Obama administration for the slow recovery. But, they are guilty of some bad moves too. Until this gridlocked congress gets fixed, we remain in a fix.

Bottom line: The banks and investment houses led us down the primrose path. We will be paying the price for some time, I fear.

You do, every damn day. You make the case as to why Obama should have never been elected in the first place, let alone twice.If the guy can't even get it together enough to put people in position tyo help the country, what good is he? As we see time and time again you guys are more than willing to carry water for your one. Failure after frailer, when doe suit become his fault wonky? The man is supposed to be leading the country, and I say he is. He has managed to implement an agenda that was never meant to get people back to work, he never made that a part of his agenda. He campaigns instead of leads, that's all he knows is divisive rhetoric to make one group hate another.

So what you suggest is that we just go along to get along with Obama? Over 1 trillion dollars more spent than taken in, every year. Why do you suppose that is wonky? Where is it going? More and more people out of work, more and more people falling off of the unemployment rolls, more and more businesses shutting down every day, and it isn't his fault. Ever care to look at the cost to us of his regulations so far?

You are ranting again, OL.
Might be an inherited trait?

You seem to be so tied to the Liberal/Conservative thing that you can't see the trees for the forest. Or forest for the trees: I'm not bright enough to understand the metaphors I use. (I use 'em cause they piss off TVg...nothin' gives me more pleasure than pissing off someone I think is mostly correct all the time)

We can't have have any kind of reasonable discussion if you don't list at least one specific thing. But I wonder if we should bother; you get all pissed off at the sound of "his" name. (I kind of know what you are dealing with. Every time I hear Senator Reid (D./Nev) open his yapper I want to scream for them to have someone else say it...ANYONE ELSE. I hate to be disrespectful of a U.S. Senator, but I swear he sounds like a bitch for a motorcycle club).

Anyway, we are getting nowhere. Fast. I really don't want to fight with you; you would win, so why should I work up a sweat?

Maybe we could pick ONE thing to discuss and see how that goes? (Not Obamacare...like about 300 million other people I don't have clue about it. And come on OL, you don't either, except you know you hate it).

Whatever. Politics have since the beginning of time been hard to discuss. I keep hoping we can find a way to do it without ranting. Yeah, I know; I rant too. I'll try to do better. I really will.

Hey, want to debate religion?

[tornado]

[PonderThis]

Ever care to look at the cost to us of his regulations so far?

I'd love to, I've practically begged you to back up this assertion. The only thing you've ever shown me is unsubstantiated prabble from some group with the stated goal to elect Republicans to office. And, you're gonna have to do better than that.