Headed for a recession

The Libs here are a bit quiet about this....
Maybe they are hoping no one noticed...



After 8 years of Bush/GOP policy what happened again? Lowest sustained tax burden in 80 years on those 'job creators', lowest tax burden on Corps in 40 years with lowest effective tax rates and first time ever, labor costs less than half their costs

WHEN CAN WE EXPECT THE 'TRICKLE DOWN'?
 
Uncertainty in this administration's policies regarding taxes and regulations are keeping those who have the big bucks from investing.
No person or corporation wants to invest in a losing proposition.

Uncertainty? lo, REALLY? Tell me WHEN a Biz has certainty?

But Yes, Bush/GOP put US in a deep hole with their nonsense



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Countr


“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country




Misrepresentations, Regulations and Jobs

By BRUCE BARTLETT

...The table below presents the bureau’s data. As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration. Lack of demand for business products and services is vastly more important.

04economist-bartlett1-blog480-v2.jpg



These results are supported by surveys. During June and July, Small Business Majority asked 1,257 small-business owners to name the two biggest problems they face. Only 13 percent listed government regulation as one of them. Almost half said their biggest problem was uncertainty about the future course of the economy — another way of saying a lack of customers and sales.

The Wall Street Journal’s July survey of business economists found, “The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists.”

In August, McClatchy Newspapers canvassed small businesses, asking them if regulation was a big problem. It could find no evidence that this was the case.

“None of the business owners complained about regulation in their particular industries, and most seemed to welcome it,” McClatchy reported. “Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-9 and its grim aftermath.”

The latest monthly survey of its members by the National Federation of Independent Business shows that poor sales are far and away their biggest problem. While concerns about regulation have risen during the Obama administration, they are about the same now as they were during Ronald Reagan’s administration, according to an analysis of the federation’s data by the Economic Policy Institute.


20111004_UNCERTAIN_graphic-blog480.jpg





Academic research has also failed to find evidence that regulation is a significant factor in unemployment.


http://economix.blogs.nytimes.com/2011/10/04/regulation-and-unemployment/?_php=true&_type=blogs&_r=0
 
Last edited:
Where's a good old fashioned "More GOOD News" thread by one of our resident Obam-bots?

It's hilarious when the media tries to blame it on a "severe winter" yet can't site any facts to back it up.

Gee, couldn't have anything to do with the huge burden of people having to pay for Obamacare would it?

Final US first quarter GDP contracts

Bet you felt the same way when Reagan had negative growth 5 times and a top rate of 50% the first 6 years AS he blew up spending?
 
Uncertainty in this administration's policies regarding taxes and regulations are keeping those who have the big bucks from investing.
No person or corporation wants to invest in a losing proposition.

Uncertainty? lo, REALLY? Tell me WHEN a Biz has certainty?

But Yes, Bush/GOP put US in a deep hole with their nonsense



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Countr


“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country




Misrepresentations, Regulations and Jobs

By BRUCE BARTLETT

...The table below presents the bureau’s data. As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration. Lack of demand for business products and services is vastly more important.

04economist-bartlett1-blog480-v2.jpg



These results are supported by surveys. During June and July, Small Business Majority asked 1,257 small-business owners to name the two biggest problems they face. Only 13 percent listed government regulation as one of them. Almost half said their biggest problem was uncertainty about the future course of the economy — another way of saying a lack of customers and sales.

The Wall Street Journal’s July survey of business economists found, “The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists.”

In August, McClatchy Newspapers canvassed small businesses, asking them if regulation was a big problem. It could find no evidence that this was the case.

“None of the business owners complained about regulation in their particular industries, and most seemed to welcome it,” McClatchy reported. “Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-9 and its grim aftermath.”

The latest monthly survey of its members by the National Federation of Independent Business shows that poor sales are far and away their biggest problem. While concerns about regulation have risen during the Obama administration, they are about the same now as they were during Ronald Reagan’s administration, according to an analysis of the federation’s data by the Economic Policy Institute.


20111004_UNCERTAIN_graphic-blog480.jpg





Academic research has also failed to find evidence that regulation is a significant factor in unemployment.


http://economix.blogs.nytimes.com/2011/10/04/regulation-and-unemployment/?_php=true&_type=blogs&_r=0
Yup....uncertainty. Trillions sitting on the sidelines because of it. True story
 
Saving our economy and putting people back to work is really quite simple:

Approve the Keystone XL
Fast-track LNG and crude oil export agreements
Open ANWR to exploration
Open the following to exploration:

East and West coast OCS
Eastern Gulf of Mexico

The oil and gas industries have already proven that they are the game-changers in this economy:

eia-employment-graph.jpg
 
And that's from the EIA, bitches.

Take a look at the line denoting "Support". These are ancillary, or "peripheral" jobs. Jobs that would not exist were it not for Drilling and Extraction.

Work creates more work.

You got that, Libsuckers?
 
Saving our economy and putting people back to work is really quite simple:

Approve the Keystone XL
Fast-track LNG and crude oil export agreements
Open ANWR to exploration
Open the following to exploration:

East and West coast OCS
Eastern Gulf of Mexico

The oil and gas industries have already proven that they are the game-changers in this economy:

eia-employment-graph.jpg

lol


The Labor Department's Bureau of Labor Statistics (BLS) accounts for oil and natural gas industry employment in three categories: drilling, extraction, and support.

Drilling involves any employment related to the spudding and drilling of wells, as well as reworking of wells, and accounted for more than 90,000 jobs by the end of 2012, an increase of 6,600 jobs since 2007.

Extraction includes establishments primarily engaged in operating, developing, and producing oil and natural gas fields, including exploration and all production work up to the point of shipment from the producing property. Employment in the extraction category numbered more than 193,000 jobs by the end of 2012, 53,000 more jobs than in 2007.

Support involves performing supporting activities for oil and natural gas operations, including exploration, excavation, well surveying, casing work, and well construction. Support is the largest oil and gas industry category, and employed more than 286,000 people by the end of 2012, up more than 102,000 jobs from 2007


LESS THAN HALF MILLION JOBS? LOL

Oil and gas industry employment growing much faster than total private sector employment - Today in Energy - U.S. Energy Information Administration (EIA)


According to Environmental Entrepreneurs, in 2012 alone
the clean energy sector created 110,413 jobs


http://www.nacubo.org/Documents/BusinessPolicyAreas/FactSheetGreenJobs061113.pdf
 
Uncertainty in this administration's policies regarding taxes and regulations are keeping those who have the big bucks from investing.
No person or corporation wants to invest in a losing proposition.

Uncertainty? lo, REALLY? Tell me WHEN a Biz has certainty?

But Yes, Bush/GOP put US in a deep hole with their nonsense



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Countr


“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country




Misrepresentations, Regulations and Jobs

By BRUCE BARTLETT

...The table below presents the bureau’s data. As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration. Lack of demand for business products and services is vastly more important.

04economist-bartlett1-blog480-v2.jpg



These results are supported by surveys. During June and July, Small Business Majority asked 1,257 small-business owners to name the two biggest problems they face. Only 13 percent listed government regulation as one of them. Almost half said their biggest problem was uncertainty about the future course of the economy — another way of saying a lack of customers and sales.

The Wall Street Journal’s July survey of business economists found, “The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists.”

In August, McClatchy Newspapers canvassed small businesses, asking them if regulation was a big problem. It could find no evidence that this was the case.

“None of the business owners complained about regulation in their particular industries, and most seemed to welcome it,” McClatchy reported. “Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-9 and its grim aftermath.”

The latest monthly survey of its members by the National Federation of Independent Business shows that poor sales are far and away their biggest problem. While concerns about regulation have risen during the Obama administration, they are about the same now as they were during Ronald Reagan’s administration, according to an analysis of the federation’s data by the Economic Policy Institute.


20111004_UNCERTAIN_graphic-blog480.jpg





Academic research has also failed to find evidence that regulation is a significant factor in unemployment.


http://economix.blogs.nytimes.com/2011/10/04/regulation-and-unemployment/?_php=true&_type=blogs&_r=0
Yup....uncertainty. Trillions sitting on the sidelines because of it. True story



ONLY in right wing world. In the real world, has almost zero to do with it.
 
And that's from the EIA, bitches.

Take a look at the line denoting "Support". These are ancillary, or "peripheral" jobs. Jobs that would not exist were it not for Drilling and Extraction.

Work creates more work.

You got that, Libsuckers?



Neo-Liberalism/Conservatives is/has destroyed the American Economy in favor of the so called "Job Creator"... In reality are "Job Exporters"...


The only reason the American economy is stalled is because the GOTP kicks the leg from under it, every time the economy begins to recover in the name of cutting the deficit


The problem with the conservative movement in America is that it is based on bigotry, hatred, and, greed. Above all, greed. Money is their god. They worship money and the holders of it and despise those who don't have it.
 
so let's get this straight... the right is intentionally trying to undermine public confidence in the economy again?

can't say i'm surprised.

When you have a -2.9% GDP contraction......

The headlines kinda write themselves Jillian.

:lol:




"We crashed the economy but we don't like the way you tried to fix it." - GOP.



The Republican sham of lower taxes and less regulation doesn't help anyone but the richest Americans and Big Business and kill jobs and opportunity for almost everyone, especially in the middle class and poor.




The jobs lost in the recession were lost BECAUSE of Republican/conservative Policies, lies and fallacies- Can we say Trickle Down (Voodoo!) Economics? Hell, even Dubya's Dad knew that stuff was, uh, Bunk!

Now they want you to believe them when they claim they know what's best for the rest of us?
 
And that's from the EIA, bitches.

Take a look at the line denoting "Support". These are ancillary, or "peripheral" jobs. Jobs that would not exist were it not for Drilling and Extraction.

Work creates more work.

You got that, Libsuckers?



Neo-Liberalism/Conservatives is/has destroyed the American Economy in favor of the so called "Job Creator"... In reality are "Job Exporters"...


The only reason the American economy is stalled is because the GOTP kicks the leg from under it, every time the economy begins to recover in the name of cutting the deficit


The problem with the conservative movement in America is that it is based on bigotry, hatred, and, greed. Above all, greed. Money is their god. They worship money and the holders of it and despise those who don't have it.

If you could take the time to get your foot out of your mouth, you might try re-reading my posts in this thread.
 
Once you get past the headline numbers three things stand out:

1) the downturn started outside the US so Obama and Obamacare may have made things worse and winter weather didn't help but it look likes the BRICS are running out of steam is the main cause.

2) Because of Syria and Iraq a lot of oil fields in Africa and other places are coming online so that problem is not permanent.

3) Much of south and east Asia are hitting the wall on market penetration in their export driven model.

That said 3rd qtr results seem likely to suck worse. Parts of China and Brazil have crash landed. Russia, India and South Africa are having problems of unknown severity. The idiot in the WH is not in charge of those other countries but he will be blamed for these problems.
 
And that's from the EIA, bitches.

Take a look at the line denoting "Support". These are ancillary, or "peripheral" jobs. Jobs that would not exist were it not for Drilling and Extraction.

Work creates more work.

You got that, Libsuckers?



Neo-Liberalism/Conservatives is/has destroyed the American Economy in favor of the so called "Job Creator"... In reality are "Job Exporters"...


The only reason the American economy is stalled is because the GOTP kicks the leg from under it, every time the economy begins to recover in the name of cutting the deficit


The problem with the conservative movement in America is that it is based on bigotry, hatred, and, greed. Above all, greed. Money is their god. They worship money and the holders of it and despise those who don't have it.

You are monkey-shit stupid. Just play in traffic and leave the adults alone, 'kay?
 
And that's from the EIA, bitches.

Take a look at the line denoting "Support". These are ancillary, or "peripheral" jobs. Jobs that would not exist were it not for Drilling and Extraction.

Work creates more work.

You got that, Libsuckers?



Neo-Liberalism/Conservatives is/has destroyed the American Economy in favor of the so called "Job Creator"... In reality are "Job Exporters"...


The only reason the American economy is stalled is because the GOTP kicks the leg from under it, every time the economy begins to recover in the name of cutting the deficit


The problem with the conservative movement in America is that it is based on bigotry, hatred, and, greed. Above all, greed. Money is their god. They worship money and the holders of it and despise those who don't have it.

If you could take the time to get your foot out of your mouth, you might try re-reading my posts in this thread.
Forget having a serious debate with that mental midget. You post figures and facts and get "George Bush lied us into war and crashed the economy!"
Not possible.
 
Uncertainty? lo, REALLY? Tell me WHEN a Biz has certainty?

But Yes, Bush/GOP put US in a deep hole with their nonsense



David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Countr


“(Reagan’s deficit policies) allowed George W. Bush to dive into the deep end, bankrupting the nation through two misbegotten and unfinanced wars, a giant expansion of Medicare and a tax-cutting spree for the wealthy that turned K Street lobbyists into the de facto office of national tax policy,” Stockman wrote.


David Stockman, Ex-Reagan Budget Director: George W. Bush's Policies Bankrupt The Country




Misrepresentations, Regulations and Jobs

By BRUCE BARTLETT

...The table below presents the bureau’s data. As one can see, the number of layoffs nationwide caused by government regulation is minuscule and shows no evidence of getting worse during the Obama administration. Lack of demand for business products and services is vastly more important.

04economist-bartlett1-blog480-v2.jpg



These results are supported by surveys. During June and July, Small Business Majority asked 1,257 small-business owners to name the two biggest problems they face. Only 13 percent listed government regulation as one of them. Almost half said their biggest problem was uncertainty about the future course of the economy — another way of saying a lack of customers and sales.

The Wall Street Journal’s July survey of business economists found, “The main reason U.S. companies are reluctant to step up hiring is scant demand, rather than uncertainty over government policies, according to a majority of economists.”

In August, McClatchy Newspapers canvassed small businesses, asking them if regulation was a big problem. It could find no evidence that this was the case.

“None of the business owners complained about regulation in their particular industries, and most seemed to welcome it,” McClatchy reported. “Some pointed to the lack of regulation in mortgage lending as a principal cause of the financial crisis that brought about the Great Recession of 2007-9 and its grim aftermath.”

The latest monthly survey of its members by the National Federation of Independent Business shows that poor sales are far and away their biggest problem. While concerns about regulation have risen during the Obama administration, they are about the same now as they were during Ronald Reagan’s administration, according to an analysis of the federation’s data by the Economic Policy Institute.


20111004_UNCERTAIN_graphic-blog480.jpg





Academic research has also failed to find evidence that regulation is a significant factor in unemployment.


http://economix.blogs.nytimes.com/2011/10/04/regulation-and-unemployment/?_php=true&_type=blogs&_r=0
Yup....uncertainty. Trillions sitting on the sidelines because of it. True story



ONLY in right wing world. In the real world, has almost zero to do with it.

It has everything to do with it. Obama is legislating laws with the stroke of his pen bypassing Congress and the Senate. Hell, the EPA these days is a job and business killer....because of the powers that your messiah has given it.

Wake up son before it's too late. :eusa_whistle:
 
Yup....uncertainty. Trillions sitting on the sidelines because of it. True story



ONLY in right wing world. In the real world, has almost zero to do with it.

It has everything to do with it. Obama is legislating laws with the stroke of his pen bypassing Congress and the Senate. Hell, the EPA these days is a job and business killer....because of the powers that your messiah has given it.

Wake up son before it's too late. :eusa_whistle:



Got it, NOT based on ANY empirical evidence just the usual right wing 'belief in' garbage...
 
Neo-Liberalism/Conservatives is/has destroyed the American Economy in favor of the so called "Job Creator"... In reality are "Job Exporters"...


The only reason the American economy is stalled is because the GOTP kicks the leg from under it, every time the economy begins to recover in the name of cutting the deficit


The problem with the conservative movement in America is that it is based on bigotry, hatred, and, greed. Above all, greed. Money is their god. They worship money and the holders of it and despise those who don't have it.

If you could take the time to get your foot out of your mouth, you might try re-reading my posts in this thread.
Forget having a serious debate with that mental midget. You post figures and facts and get "George Bush lied us into war and crashed the economy!"
Not possible.

So Bush didn't crash the economy by ignoring regulator warnings, fighting all 50 states on predatory lending and allowing the Bankster to flood the market with cheap money with his SEC rule change in 2004?


The "turmoil in financial markets clearly was triggered by a dramatic weakening of underwriting standards for U.S. subprime mortgages, beginning in late 2004 and extending into 2007," the President's Working Group on Financial Markets OCT 2008
 

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