Comments on: Miss R. Scenario’s Blandishments & Obama’s Credibility on Economy http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/ The Internet home for American gay conservatives. Fri, 10 Feb 2012 22:04:07 -0700 hourly 1 http://wordpress.org/?v=3.1.1 By: ILoveCapitalism http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495505 ILoveCapitalism Fri, 16 Oct 2009 12:00:07 +0000 http://www.gaypatriot.net/?p=17946#comment-495505 Silly leftist. People won't spend a dime once the higher MW costs them their job. Otherwise we should raise it to, say, $1000/hr. And since printing money is also the road to prosperity, let's raise the deficit to $1 quadrillion. Silly leftist. People won’t spend a dime once the higher MW costs them their job. Otherwise we should raise it to, say, $1000/hr. And since printing money is also the road to prosperity, let’s raise the deficit to $1 quadrillion.

]]> By: ThatGayConservative http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495361 ThatGayConservative Fri, 16 Oct 2009 05:35:54 +0000 http://www.gaypatriot.net/?p=17946#comment-495361 (Sorta Off Topic) Dig it, ILC: Some clown on another site tried to convince me that increasing the minimum wage would be good for the economy. He said (paraphrasing) "How many of those people will turn around and spend that extra money at Wal-Mart & McDonald's?" I replied "None, if we consider the excuse liberals use to oppose tax cuts is that the people wouldn't spend it and save it instead". (Sorta Off Topic) Dig it, ILC:

Some clown on another site tried to convince me that increasing the minimum wage would be good for the economy. He said (paraphrasing) “How many of those people will turn around and spend that extra money at Wal-Mart & McDonald’s?”

I replied “None, if we consider the excuse liberals use to oppose tax cuts is that the people wouldn’t spend it and save it instead”.

]]> By: ILoveCapitalism http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495168 ILoveCapitalism Thu, 15 Oct 2009 23:12:11 +0000 http://www.gaypatriot.net/?p=17946#comment-495168 TGC - Cavuto's logic is right, except of course that Dow 10000 is really a sign of currency depreciation and a mask on a continuing disaster. Bush, who started some of the Big Government and anti-business policies that Obama has since taken and intensified, deserves part of the blame. sf - Can't believe you agreed with me. What I said is pure small-government, hard-currrency agitation ;-) TGC – Cavuto’s logic is right, except of course that Dow 10000 is really a sign of currency depreciation and a mask on a continuing disaster. Bush, who started some of the Big Government and anti-business policies that Obama has since taken and intensified, deserves part of the blame.

sf – Can’t believe you agreed with me. What I said is pure small-government, hard-currrency agitation ;-)

]]> By: Sonicfrog http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495167 Sonicfrog Thu, 15 Oct 2009 23:02:27 +0000 http://www.gaypatriot.net/?p=17946#comment-495167 Everything ILC said, plus Q3 foreclosure rates are at record highs, the real world unemployment rates are actually closer to 17%, and of those that are still employed. many have had to take severe pay cuts to keep their jobs (this also produces an inflated productivity rate). Auto sale are at a virtual stand still, and mass commercial foreclosures loom. Yeah, what a great recovery. Get ready for the next wave of economic suckyness. Everything ILC said, plus Q3 foreclosure rates are at record highs, the real world unemployment rates are actually closer to 17%, and of those that are still employed. many have had to take severe pay cuts to keep their jobs (this also produces an inflated productivity rate). Auto sale are at a virtual stand still, and mass commercial foreclosures loom.

Yeah, what a great recovery. Get ready for the next wave of economic suckyness.

]]> By: ThatGayConservative http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495165 ThatGayConservative Thu, 15 Oct 2009 23:00:46 +0000 http://www.gaypatriot.net/?p=17946#comment-495165 Cavuto wonders if Bush should get credit. http://www.eyeblast.tv/public/checker.aspx?v=GdSUkUqGqG Cavuto wonders if Bush should get credit.

http://www.eyeblast.tv/public/checker.aspx?v=GdSUkUqGqG

]]> By: ILoveCapitalism http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495160 ILoveCapitalism Thu, 15 Oct 2009 22:50:21 +0000 http://www.gaypatriot.net/?p=17946#comment-495160 P.P.S. This guy tells the truth: http://www.youtube.com/user/SchiffReport And has a book for the smart people: http://www.amazon.com/Crash-Proof-2-0-Economic-Collapse/dp/047047453X/ref=sr_1_1?ie=UTF8&s=books&qid=1255646998&sr=8-1 P.P.S. This guy tells the truth: http://www.youtube.com/user/SchiffReport

And has a book for the smart people: http://www.amazon.com/Crash-Proof-2-0-Economic-Collapse/dp/047047453X/ref=sr_1_1?ie=UTF8&s=books&qid=1255646998&sr=8-1

]]> By: ILoveCapitalism http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495156 ILoveCapitalism Thu, 15 Oct 2009 22:44:33 +0000 http://www.gaypatriot.net/?p=17946#comment-495156 P.S. To continue my point about the Dow: With oil doubling this year, Dow 10000 is actually pretty low. It will buy you way less oil than Dow 9000 would have bought you, at the beginning of the year. That's my point. Dow 10000 masks all the bad news that is happening in the real economy, due to Obama's massive U.S. currency depreciation. Go to http://www.stockcharts.com, type in "$indu:$wtic", adjust the chart to Weekly, and weep over how much LESS Dow 10000 will buy you, than Dow 9000 bought only ten months ago. P.S. To continue my point about the Dow: With oil doubling this year, Dow 10000 is actually pretty low. It will buy you way less oil than Dow 9000 would have bought you, at the beginning of the year. That’s my point. Dow 10000 masks all the bad news that is happening in the real economy, due to Obama’s massive U.S. currency depreciation.

Go to http://www.stockcharts.com, type in “$indu:$wtic”, adjust the chart to Weekly, and weep over how much LESS Dow 10000 will buy you, than Dow 9000 bought only ten months ago.

]]> By: ILoveCapitalism http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495155 ILoveCapitalism Thu, 15 Oct 2009 22:40:25 +0000 http://www.gaypatriot.net/?p=17946#comment-495155 The idea that our economy is "recovering" is a joke. At the same time the Dow has just reached a new high for the year, the dollar has reached a new low for the year (75 on the <a href="http://www.fxstreet.com/rates-charts/usdollar-index/" rel="nofollow">dollar index</a>), and oil has reached a new high (with WTIC breaking $75/barrel). The three events are connected. The Dow is rising basically because the government is depreciating the currency, with its policy of $1.4 trillion annual deficits and 0-1% interest rates. Depreciation of the currency means that any individual or corporation who holds the currency (i.e., cash and/or bonds) is f*cked in the ass. Depreciation is a massive, semi-hidden tax on people's savings to fund the "boom" in Washington. Today's government is a parasite and a cancer on what remains of the productive economy, as never before in U.S. history. Leftists, who instinctively hate human success and productivity and want to <strike>punish</strike> oops, "redistribute" them, are in hog heaven. One of the current myths is that there is "no inflation", or even a threat of "deflation". Sorry, leftists: When the dollar depreciates by 20% in global purchasing power, resulting in a DOUBLING of oil prices that were already high compared to 5-10 years ago, that *is* inflation. And your Dear Leader's policies only promise more of the same, in the future. But, continue to deny that, by all means. Continue to praise the Dear Reader, by all means. Praise Him and praise Him until the American people rise up to spit in your face and kick you out of office for a generation to come and you haven't the slightest clue what just happened. The idea that our economy is “recovering” is a joke. At the same time the Dow has just reached a new high for the year, the dollar has reached a new low for the year (75 on the dollar index), and oil has reached a new high (with WTIC breaking $75/barrel). The three events are connected.

The Dow is rising basically because the government is depreciating the currency, with its policy of $1.4 trillion annual deficits and 0-1% interest rates. Depreciation of the currency means that any individual or corporation who holds the currency (i.e., cash and/or bonds) is f*cked in the ass. Depreciation is a massive, semi-hidden tax on people’s savings to fund the “boom” in Washington. Today’s government is a parasite and a cancer on what remains of the productive economy, as never before in U.S. history. Leftists, who instinctively hate human success and productivity and want to punish oops, “redistribute” them, are in hog heaven.

One of the current myths is that there is “no inflation”, or even a threat of “deflation”. Sorry, leftists: When the dollar depreciates by 20% in global purchasing power, resulting in a DOUBLING of oil prices that were already high compared to 5-10 years ago, that *is* inflation. And your Dear Leader’s policies only promise more of the same, in the future. But, continue to deny that, by all means. Continue to praise the Dear Reader, by all means. Praise Him and praise Him until the American people rise up to spit in your face and kick you out of office for a generation to come and you haven’t the slightest clue what just happened.

]]> By: ThatGayConservative http://www.gaypatriot.net/2009/10/15/romance-with-miss-r-scenario-hurts-presidents-credibility-on-economy/comment-page-1/#comment-495143 ThatGayConservative Thu, 15 Oct 2009 22:12:31 +0000 http://www.gaypatriot.net/?p=17946#comment-495143 No doubt he'll take credit for his brilliance in tossing out the increase on overseas profits. http://online.wsj.com/article/SB10001424052748704107204574471380380216244.html Brilliant point of the day: <blockquote>The proposal was featured in the President's budget in February and was the focus of a May speech in which he said that <b>corporations were "shirking" their responsibility to support his huge increases in federal spending through higher tax payments.</b></blockquote> Emphasis mine. No doubt he’ll take credit for his brilliance in tossing out the increase on overseas profits.

http://online.wsj.com/article/SB10001424052748704107204574471380380216244.html

Brilliant point of the day:

The proposal was featured in the President’s budget in February and was the focus of a May speech in which he said that corporations were “shirking” their responsibility to support his huge increases in federal spending through higher tax payments.

Emphasis mine.

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