The Economics Discussion Thread

It takes a lot of work to not kill the Jersey Shore cast man. 

I do

Finnforest wrote: Slartibartfast wrote: Housing Fades as a Means to Build Wealth, Analysts Say Work is fading as a means to build wealth, sadly.  Taxes are going up, wages are in reverse.  Awesome.

I can't deny that is going on, too.  But the generalizations you mention are part of a trend that keeps me pessimistic about the economic prospects of those who really do the hardest work in this country.  Another generalization to be sure.

Official economic situation analysis from JJ:

It's bad

It's more prudent to look at which party has control of Congress, you know that other part of the government that actually has control over spending?

Either way, they're both addicted to deficits, but still this sort of President as Monarch mentality is not only stupid, but accounts for a lot of the power we're willing to give to him.

Finnforest wrote: Slarti, no expert here, but 3 comments.  Wonder if the chart includes war spending for Bush. Look forward to  your updates on this list for Obama spending. The big Clinton decline, I've heard, was partially a result of defense decreases and cold war decreases started under his predecessors.

I'm sort of an atheist about economics. You can't systemise human interaction. The plan will always not take certain things into account and break at some point.

"The economy goes up. The economy goes down. The economy goes up. The economy goes down…up…down…up...and NOBODY KNOWS WHY THE f**k IT DOES!"
Lewis Black

Quotes

"The president certainly remains popular, but his policies are becoming less and less popular. 
  Certainly the stock market hasn’t acted very well since Obama’s inauguration. As the markets 
  continue to falter, Republicans are becoming more confident in their criticisms of the president
  - some have already taken to using the phrase 'the Obama economy'." 
      -- House Minority Leader John Boehner (R-Lizardick), in March    Link
 

  But when you look at the facts...

 ...it appears that line is getting higher and higher, so let's review the facts.

 Clinton took the stock market from 3500 to 13,000 or so.
 Bush crashed the 13,000 down to about 6600.
 Obama brought Bush crash from 6600 to 10,000 as of yesterday - so is the Lizardick happy?

 Quotes

"You're certainly not talking to the American people, if you’re placing any significance on the 10,000 mark. 
  People aren’t looking at the stock market in terms of putting food on the table. They want jobs, and they want them now." 
      -- House Minority Leader John Boehner (R-Lizardick), yesterday,     Link
 

 It's like Boner's saying, "Sure, he hit a home run, a triple and a double, 
 and two singles but what about the other day when he struck out??
 

Quotes

"For months and months, conservatives blamed Obama for the slumping stock market. 
'Obama, since he’s elected, has tanked the markets,' Hannity said in March. Now that the Dow 
  has rebounded to over 10,000, what are the conservatives saying? On his Fox Whore show today, 
  Neil Cavuto claimed the stock market rebound is evidence of a 'Bush recovery'." 
      -- Faiz Shakir at Think Progress,     Link
 

Edited by Slartibartfast - March 05 2010 at 17:56

Slartibartfast wrote:

Sorry but this is a Strawman. The problem with health care now IS the Government regulation,HMO's and Medicare.