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You've Seen It Before, And Here It Is Again: "The Chart That Tears Apart The Stimulus Package"

Tyler Durden's picture





 

Over a year ago we penned "QE 2 Was A Disaster: Here Is Why US Fiscal "Stimulus" Was  A Complete Failure As Well", because, well, QE2 was a disaster, which is important to remember as we are about to set off on the NEW QE as per Hilsenrath, because apparently creating 80,000 jobs per month (with the S&P a whopping 5% off multi-year highs) "Leaves Door For Fed Wide Open" even though the Fed has shown beyond a shadow of a doubt it is incapable of creating jobs and at best can ramp the Russell 2000 for a few months. But more importantly, a year later it is obvious that the ARRA just kept on being wronger and wronger with each passing month, until we get to today. We will spare readers our conclusion about ARRA architect Christina Romer's (long gone from the administration for obvious reasons) predictive powers, suffice it to say they are on par with those of the Fed itself. Simon Black, using AEI data, reminds us how the ARRA chart looks, one year later.

The graph that tears appart the stimulus package

After Obama was elected, one of his first initiatives was to enact a massive stimulus package in order to reduce the rising unemployment after the housing collapse and bailout all the failing banks. When promoting his plan, the President offered many promises about the success of his idea but very few have so far come to fruition. Below is a graph that was supposed to estimate the effects of the stimulus, however as you can see, it far from achieved the President’s goals.

AEI reports on the ineffectiveness of the program:

 

 The graph that tears appart the stimulus package

 

This was not the employment report either the American worker or the Obama campaign wanted to see right now. The Labor Department said the U.S. economy created just 80,000 jobs in June, less than the 90,000 economists had been forecasting. And private-sector job growth was just 84,000, down sharply from 105,000 in May. Not doing fine.

 

The unemployment rate stayed at a lofty 8.2%.

 

This continues to be the longest streak — 41 months — of unemployment of 8% or higher since the Great Depression. And recall that back in 2009, Team Obama predicted that if Congress passed its $800 billion stimulus plan, the unemployment rate would be around 5.6% today.

 

– If the size of the U.S. labor force as a share of the total population was the same as it was when Barack Obama took office—65.7% then vs. 63.8% today—the U-3 unemployment rate would be 10.9%. Even if you take into account that the LFP should be declining as America ages,theunemployment rate would be 10.5%.


– The broader U-6 unemployment rate, which includes “all persons marginally attached to the labor force, plus total employed part time for economic reasons,”  is 14.9%, up a bit from May.

 

– The average duration of unemployment ticked up to 39.9 weeks.

 

Continue to the full article…

 


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Fri, 07/06/2012 - 18:05 | Link to Comment HelluvaEngineer
HelluvaEngineer's picture

But Buffett assured him it would work!

Fri, 07/06/2012 - 18:20 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

I'm looking forward to another awesome night out this Saturday. Unfortunately for libertarians, if you want to get the best girls you simply have to be a progressive. Nerdy libertarians, uptight rednecks and raving hillbillies just don't stand a chance on the dance floor. Cool girls gravitate toward smart, sensitive and ambitious progressives, not spotty libertarian computer nerds or silverbug preppers with stacks of eagles buried in their back yard in preparation for the 'apocalypse'. Doomer libertarians need to get out more, or they risk becoming completely detached from society and from life. 

Fri, 07/06/2012 - 18:27 | Link to Comment Blackfox
Blackfox's picture

Fuck I just wet myself.

Fri, 07/06/2012 - 18:38 | Link to Comment Vic Vinegar
Vic Vinegar's picture

With pee or cum?  Or did you spill coffee on yourself because MDB is 'so funny'?

Since Obama's stimulus package doesn't work - as Tyler shows - then one must assume that this was because...

Fri, 07/06/2012 - 20:22 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

because.....for the past 20-30 years (especially the 15 years pre-GFC) the western world and some sectors of the emerging economies, have lived beyond our means, and (temporarily) brought forward a standard of living we were meant to enjoy 30-50 years into the future. The natural advancement of standards of living and wealth creation are (should be) as physically real an event as the purification of physical metal from the earth ie. it takes time, manpower, energy and intelligence to extract and purify something in the ground into something we can use, or store as assumed vaule. There is no magic in that, there is no circumventing time, energy and knowledge (fact and natural law). Take Gold for example; it's not money at all, nor is it a store of value. To me, Gold is merely a store of, a representation of, time, energy and knowledge/Inginuity...it's value is only derived from a commonly agreed upon (general) acknowledgement of that notional value (an agreement to the terms), the pricetag of which must be assigned - as with all things - through price discovery. Fiat paper money too must be commonly agreed upon as representing manpower and energy elsewhere. So, the real issue here is that paper money can act like a Time Machine, actually, more like a Virtual Particle where, time and eneregy can be circumvented for a brief period, and the fruits of labor and energy can be artificially and magically emulated, but then the natural balance of things must be restored. This is true for the economy as well as the physical universe in which it resides. During the 20 or so years before the GFC we effectively brought forward a future lifestyle and wealth epoch into the present day, but now that balance must be restored. I come from an aerospace engineering background, so for me math and physics are real. The magic and slippery trickery of the markets and economies are mere temporary manipulations which eventually become UNDONE. The only reason people do not subscribe to this notion is because they have not lived long enough to have witnessed it in action. Those who have treat money very differently from our modern-day irreverent mentality. So my outlook on the future of money is nothing like what an economist's or trader's would be today. I am trying to learn how money was viewed in the 1920's and adopt that mantality (save first then spend, no credit at all...and it's hard).
Why is there no recovery? Because there will be no recovery, can people not see that already? The data and physical reality just outside the window are staring everyone in the face, but still we look for it. Like Japan's lost decade (double decade actually), we will all need to pay the piper (perhaps even the Ferryman) over the coming decades, and it's a huge bill that has been placed on the table in front of us. The western world will pass it around the table and keep buying drinks in the meantime, hoping that our kids will pay it for us or be industrious enough to kick the can further, but soon enough we will all be in the back of the resturant washing dishes to pay for the feast as our funny money (Virtual Money) will not be accepted.
And it is this belief which leads me to the most radical of views; that we will not just return to a Gold Standard to support Bonds and Cash, because that won't be enough, not by a long shot. I believe that Gold will need to support ALL that has been brought forward from the future since 1971, that includes Derivatives, Real Estate, Credit Card debt, everything! What's that, about 1 Quadrillion?
So call me a madman if you like, but I believe I have the math and physics of inevitability on my side. Crazily...scarily...I put a US$70,000-150,000/oz price tag on Gold. But rest assured, the ups and downs of todays markets are just a distraction; i don't even know what the price of Gold is today and nor do I care, because a $10,000 gamble today will be a huge payoff tomorrow...perhaps in 20 years time.

Fri, 07/06/2012 - 20:38 | Link to Comment blunderdog
blunderdog's picture

A gold standard's not quite the best idea, IMO, but it'd sure be an improvement.  The problem is: we won't be returning to a gold standard until there's been another international bloodbath.

I'd ballpark it at a war with a half-billion dead before the capitalists consider any meaningful change.

Fri, 07/06/2012 - 20:49 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

There won't be a war. Wars are an excurse to either take from others of a means to stimulate the economy. The only benifit of a war now would be slave labor (soldiers get paid little and everything is rationed). Aren't we printing already? This environmnet is waaaay different to Pre-WWII, we're already stimulated to the gills, what we need is a detox, a period of cold-turke from the addiction of money. Besides, the populace globally doesn't have an apitite for war, not now.

Fri, 07/06/2012 - 21:20 | Link to Comment markmotive
markmotive's picture

You are an indentured servant to your debt and the credit based economic system.

Welcome to hell!

http://www.planbeconomics.com/2010/09/07/you-are-an-indentured-servant-to-your-debt/

Fri, 07/06/2012 - 21:21 | Link to Comment economics9698
economics9698's picture

The problem with government spending is it is a luxury; we pay for law, order, clean judges, cops, and other luxury items.

Keynes changed the concept that government was a luxury item civilized people enjoy to the savior of the universe.  And Marx, Hitler, Stalin, Pol Pot, Obama…

The Keynes/Obama thinking is that money can be created autonomously and injected into the economy filling up the production that was idle creating full employment.

The problem is money doesn’t grow in the helicopter; it comes from borrowing, printing, or taxes. 

Borrowing removes the consumption of the saver from the economy and efficient allocation of that money from the private sector to be squandered, typically 55 cents of every public sector dollar goes down the toilet, inside the government.

Printing is a tax on all of Americans and removes consumption out of the economy in favor of the special interest receiving the counterfeited cash.

Direct taxes, same as above, from the “rich” who would consume, invest, or save the money.

Generally the economy loses 2.2 jobs or 55 cents on the dollar to create 1 government job.  Stimulus programs, Bush I, Ford, Bush II, always fuck the economy up.

Fri, 07/06/2012 - 21:37 | Link to Comment blunderdog
blunderdog's picture

    Printing is a tax on all of Americans and removes consumption out of the economy in favor of the special interest receiving the counterfeited cash.

Nope, printing is a tax on all HOLDERS OF DOLLARS.

Most *Americans* are not holding any significant amount of dollars.

Fri, 07/06/2012 - 22:51 | Link to Comment economics9698
economics9698's picture

 

Food and energy, inelastic items disproportionately a larger share of lower income budgets, go up faster than luxury items or elastic items.  The poor pay a disproportionate about of the inflation tax, a regressive tax, when central banks print.

It is a tax that must be paid ever time people go to the store or fill up.  A invisible tax but a tax.

For example in socialist Venezuela the central banks prints and the annual inflation rate is about 25%.  Go to the store and hamburger is $9.60 a pound, a Big Mac meal is $13, and a 12 ounce Coke is $2 at the supermarket.  This is what I call a tax for being economically stupid.

Oh and my favorite Venezuelan tax, a $99 window AC unit cost $617 there.  No AC for the poor.

 

Fri, 07/06/2012 - 23:00 | Link to Comment blunderdog
blunderdog's picture

The thing is, the prices of a low-income expenditures in the US are mitigated by all the dole programs.  So, yes, food prices in theory hurt the lower-income first, but the truly lower-income have the government paying for their groceries.  I live in a low-income 'hood, and I assure you my poorer out-of-work neighbors are not generally having any trouble feeding themselves.

And as I mentioned and you patently ignored: "holders of dollars" and "Americans" are distinguishable (although overlapping, certainly) groups of people. 

Fri, 07/06/2012 - 23:07 | Link to Comment economics9698
economics9698's picture

Food stamps are a form of dollars.  Dollars devalue when more are created, prices increase in nominal terms, the receivers of the new money get to purchase items first before the dollars circulate and drive up demand/prices.

I need a drink now. 

Fri, 07/06/2012 - 23:26 | Link to Comment blunderdog
blunderdog's picture

I'm not arguing that point, but it's way too simplistic.  The increase in money supply based on Fed action has FAR surpassed the increase in food and energy prices, or ANY prices, in the US economy.

You can increase the money supply by a factor of a million, but if none of that money enters the *real* economy (meaning: exchange for goods/services), you will not see the inflation that your two-variable model would predict.  Most of the "money" from the Fed's action is just sitting on banks' balance sheets.  It's not going to be lent to anyone, and banks have no interest in purchasing physical assets.  That's not their business.

Fri, 07/06/2012 - 23:39 | Link to Comment sablya
sablya's picture

I hate this market!  I hate the whiny f'n losers who cry for stimulus every time a bad employment number comes out.  It makes me sick that people are so short-sighted to think that more liquidity will solve our economic problems.  Guess what?  After $3 trillion of QE, yeah, this is where we are.  8+% unemployment.  WTF?  It didn't work then and it's not going to work now.  It's not even going to work as well now as it did then, and then it didn't work.  HELLLLLOOOOO?????  Interest rates are as low as they've been in 200 years and WTF?? the economy still sucks.  "MORE QE!!! MORE QE!!!" What is wrong with these F'N morons???  Oh my gosh, I'm going to blow a f'n gasket with all this BS.  QE, QE, QE, BTFD, QE, QE, BTFD.  I wanna f'n hurl.  I wanna smash in Bernanke's head with a baseball bat.  That jack dick has ruined this entire world and mortgaged my children's future to pay for a small pop in the RUT.  OFF with his stupid f'n head.

 

And guess what?  I don't even feel better after that rant. :(

Fri, 07/06/2012 - 23:43 | Link to Comment blunderdog
blunderdog's picture

The QE demands are coming from folks who have extremely profitable careers doing nothing but skimming from the productive classes.  For the most part, they had enough money to buy the politicians, so they DID.  The governments can't afford to make good on the banksters losses, so I expect you'll see a lot more of that.

Best not to let it upset you too much.  Life's too short.

Fri, 07/06/2012 - 23:54 | Link to Comment sablya
sablya's picture

I'm upset because my 10 year old son is going to inherit a world far different from the one I grew up in.  We've sown the wind and now we will reap the whirlwind.  We've lived beyond our means and then borrowed to pay off our debts and then borrowed to pay off those debts.  The massive transfer of wealth from my son's future to the banksters of today is a done deal.  It is unstoppable.  I can't really express how terrible I feel for what I imagine he's going to have to live through.

Sat, 07/07/2012 - 00:51 | Link to Comment Vic Vinegar
Vic Vinegar's picture

No offense but quit being so negative.  Finance is a means to an end, not an end itself.

Teach your son about infinite fiat, the concept of wash / rinse / repeat, and guide him towards doing something with his life he feels passionate about.  If you do that, I doubt you'll find him one day writing such a comment such as the one his old man made above.

Best of luck to you sabs.

Sat, 07/07/2012 - 04:52 | Link to Comment drunkenlout
drunkenlout's picture

Who is this "we" you speak of, who lived beyond "our" means and borrowed to pay off debts?  It wasn't me.  If it was you, then perhaps you should substitute the pronoun "I", and tell your son what you did to him.  And don't include me in your Walmartian "we".   I refer to the numbnuts who fucked us over through ignorance and sloth as "they".

I'm not a total asshole.  If you and he will sign a binding waiver, I'll pay him to mow my lawn, if it ever rains again.  Mowing lawns is what I did at age 10, prior to paying cash for everything and accumulating some unencumbered assets.  Can he pass a drug test?  

Sat, 07/07/2012 - 05:48 | Link to Comment CharlieSDT
CharlieSDT's picture

Why do you need to pass a drug test to mow lawns?

Sat, 07/07/2012 - 09:32 | Link to Comment WonderDawg
WonderDawg's picture

What's passing a drug test got to do with anything? Either he can mow the lawn or he can't. You're doing the hiring so you're gonna institute some gov't regulations?

Sat, 07/07/2012 - 09:49 | Link to Comment sablya
sablya's picture

"We" means, the collective of Americans, Europeans, Japanese, etc.  You're included whether you like it or not because you stood by, most likely, while the politicians ran up huge deficits and you enjoyed your little perqusites, sucking at the government teat like everyone else.  Don't play all high and mighty like you're innocent because no one is.

Fri, 07/06/2012 - 23:49 | Link to Comment sablya
sablya's picture

Yeah, the M2 velocity is the key.  That's in the toilet and there's NOTHING the Fed can do to affect velocity.  They can pump liquidity into the system as much as they want and if velocity is low, there will be no effect.  Why are these things so obvious to regular people like me, I'm not an economist, but these Wall Street ass clowns can't put 2+2 together.  More QE is all we hear.  The diabolical monsters think they can manage the economy but all they can do is wreak havoc and destroy.  

All the liquidity on the books of the banks is like a giant reservoir of water.  I don't know what it would take to put it in motion but if it does start to flow, then the floodgates will open and inflation will sky rocket and all hell will break lose.  Just one more disaster from the central bankers who've absolutely devastated the markets and probably can't wait to finish the job.  

I'm shocked at the rampant stupidity in their tiny little Keynesian minds.  

Sat, 07/07/2012 - 02:39 | Link to Comment Vic Vinegar
Vic Vinegar's picture

So does this mean you are buying physical on July 13 or not?  No one really cares about how shocked you are.

Sat, 07/07/2012 - 09:35 | Link to Comment sablya
sablya's picture

Shouldn't you be out counting your unencumbered dead blades of grass, jack dick?

Sat, 07/07/2012 - 11:54 | Link to Comment maximin thrax
maximin thrax's picture

Right. The money injected into the economy through social spending, such as on food stamps, is borrowed by the government as money printed against its own IOU's. That spending is inflationary. The Poor benefit from that spending, while at the same time don't hold cash debased by the printing that gets them their food stamps. Government will increase spending as much as necessary to maintain benefits, which is to say maintain law and order, which mitigates inflation's bite for recipients. The wage earner and the saver are the ones who gets stuck with the consequences of inflation. The problem for the poor is that such a system, based on monetization of debt and not on monetization of production, keeps them in poverty as long as their productivity is not required.

Sat, 07/07/2012 - 13:49 | Link to Comment blunderdog
blunderdog's picture

The money injected into the economy as "social spending" is a rounding error compared to the money being spent to maintain the broken financial system.  People with no sense of scale like to worry about things like welfare, but it's really not a major element of the Federal budget.  The budget is essentially war-machine, SS, Medicare,

The TARP bailout was 10 years worth of food-stamps.  I agree that food stamps are likely increasing inflation in food prices, but it's like worrying about a paper-cut when the patient's leg has been cut off.

I'm all for ending the dole programs.  There just needs to be a survival alternative for the tens of millions of people who wouldn't eat if SNAP ended tomorrow, because it's REALLY not worth turning all the poor areas of the country into war-zones over $80B a year.

Sat, 07/07/2012 - 17:41 | Link to Comment maximin thrax
maximin thrax's picture

Didn't mean to imply that social programs are the singular impetus for government indebtedness; only that inflation caused by deficit spending can and will be mitigated by increasing benifits to recipients. It gets harder and harder to move people off the dole when the gap between what can be recieved from government programs and what can be earned from working, if a job exists, grows ever wider due to inflation. Benefits are indexed while income is not, and presently income is stagnate and will remain stagnate as long as there are plenty of unemployed and production occurs overseas.

Sat, 07/07/2012 - 04:04 | Link to Comment SoCalBusted
SoCalBusted's picture

...and the progressives love to tax the shit out of alcohol and tobacco (but it is for your own good).  The poor spend more of their income (as a %) on such items.

Sat, 07/07/2012 - 08:46 | Link to Comment francis_sawyer
francis_sawyer's picture

That's another bullshit statistic...

If someone makes minimum wage & buys a case of beer a week, and another person makes 6 figures & buys a case a week, WTF kind of ststistics do you think you're going to come up with...

To could apply that to any category you want... If you have a baby that shits its diapers "x" times per day & some rich fucks baby shits its diapers the same number of times per week, what? I guess the poor spend more of their income on diapers as well...

A minumum wager can't afford to buy blow or Ukranian hookers, so they spend 0 on that... Some Wall St. trader makes bank and drops a few grand a year on them...

I reiterate... All bullshit statistics...

Sat, 07/07/2012 - 10:25 | Link to Comment Goner
Goner's picture

Your post seems to agree with the post above 100% yet you call it bullshit

"If someone makes minimum wage & buys a case of beer a week, and another person makes 6 figures & buys a case a week, WTF kind of ststistics do you think you're going to come up with..."

The minimum wage guy spent a larger % of his income on beer in YOUR example. Just like the above poster said. Not sure how that statistic is bullshit assuming the guys spent anywhere near the same on beer. If I was making minimum wage I would not be out spending a decent portion of my income on booze, blow and smokes. If I have expendable income (like the 6 figure guy) then party on Wayne

Sat, 07/07/2012 - 12:11 | Link to Comment francis_sawyer
francis_sawyer's picture

I'm saying that the 'interpretation' of the statistics is bullshit...

The inference... ALWAYS... is that lower income types always blow a disproportionate amount of their income on 'VICES'...

I argue the opposite... The RICH, (who, perhaps have large portions of income tied into the BANKING SYSTEM (which then levers it up & wreak all kinds of damage), are the idiots...

Sat, 07/07/2012 - 14:11 | Link to Comment blunderdog
blunderdog's picture

Just a suggestion: focus on getting the facts right.  Some of the regulars here are not prepared to focus on fact--it's all about interpretation or slant.  It gets no one anywhere.

You're falling into the same trap of ignoring the basics while getting sidetracked with the emotions when you let those non-reality based arguments get to you.

"The poor" spend a larger percentage of their income on virtually everything, because they spend all the income.

Sat, 07/07/2012 - 02:59 | Link to Comment SoCalBusted
SoCalBusted's picture

Try again.  Printing is a tax on those who must transact in dollars.

Sat, 07/07/2012 - 14:20 | Link to Comment blunderdog
blunderdog's picture

You're onto something, but you haven't described it properly.  It's not really quite like that, because the transaction has dollar-users on BOTH SIDES.  So if the "value" of the dollar decreases, both the buyer and seller in the transaction are affected equally.

In other words: say I now have to pay $1 more for whatever because dollars are worth less.  The guy I'm getting whatever from is "earning" that extra dollar.  And since we're all both buyers and sellers in the system, that is as much advantage as disadvantage overall.

The idea that you're driving at has to do with dollar purchasing power relative to resources which come from NON-"dollar-bound" transactions.  Like imported products and commodities.  But you'd have to write more than a few words to make the point.

Try again.

Sat, 07/07/2012 - 07:07 | Link to Comment Bagbalm
Bagbalm's picture

Yes but it is a reduction in wages for next week - bit by bit - every week.

Sat, 07/07/2012 - 02:35 | Link to Comment Vic Vinegar
Vic Vinegar's picture

Welcome to hell!

Honesty in advertising.  I like it.  There's no more appropriate introduction to a two-year-old article from your shit-blog than that.

So are you buying physical on July 13 or not?

Sat, 07/07/2012 - 10:34 | Link to Comment nmewn
nmewn's picture

And now a quick word of encouragement from our Dear Leader...the Teleprompter:

June 2012: “Therefore, it is important not to read too much into any one monthly report and it is informative to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/07/06/employment-situation-june)

May 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/06/01/employment-situation-may)

April 2012: “Therefore, it is important not to read too much into any one monthly report and it is helpful to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/05/04/employment-situation-april)

March 2012: “Therefore, it is important not to read too much into any one monthly report, and it is helpful to consider each report in the context of other data that are becoming available.” (LINK:http://www.whitehouse.gov/blog/2012/04/06/employment-situation-march)

February 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK:http://www.whitehouse.gov/blog/2012/03/09/employment-situation-february)

January 2012: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report; nevertheless, the trend in job market indicators over recent months is an encouraging sign.” (LINK:http://www.whitehouse.gov/blog/2012/02/03/employment-situation-january)

December 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2012/01/06/employment-situation-december)

November 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/12/02/employment-situation-november)

October 2011: “The monthly employment and unemployment numbers are volatile and employment estimates are subject to substantial revision. There is no better example than August’s jobs figure, which was initially reported at zero and in the latest revision increased to 104,000. This illustrates why the Administration always stresses it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/11/04/employment-situation-october)

September 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/10/07/employment-situation-september)

August 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/09/02/employment-situation-august)

July 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/08/05/employment-situation-july)

June 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/07/08/employment-situation-june)

May 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/06/03/employment-situation-may)

April 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/05/06/employment-situation-april)

March 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/04/01/employment-situation-march)

February 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/03/04/employment-situation-february)

January 2011: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/02/04/employment-situation-january)

December 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2011/01/07/employment-situation-december)

November 2010: “Therefore, as the Administration always stresses, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2010/12/03/employment-situation-november)

October 2010: “Given the volatility in monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2010/11/05/employment-situation-october)

September 2010: “Given the volatility in the monthly employment and unemployment data, it is important not to read too much into any one monthly report.” (LINK:http://www.whitehouse.gov/blog/2010/10/08/employment-situation-september)

July 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.  It is essential that we continue our efforts to move in the right direction and replace job losses with robust job gains.” (LINK:http://www.whitehouse.gov/blog/2010/08/06/employment-situation-july)

August 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK:http://www.whitehouse.gov/blog/2010/09/03/employment-situation-august)

June 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK:http://www.whitehouse.gov/blog/2010/07/02/employment-situation-june)

May 2010: “As always, it is important not to read too much into any one monthly report, positive or negative.” (LINK:http://www.whitehouse.gov/blog/2010/06/04/employment-situation-may)

April 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK:http://www.whitehouse.gov/blog/2010/05/07/employment-situation-april)

March 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK:http://www.whitehouse.gov/blog/2010/04/02/employment-situation-march)

January 2010: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK:http://www.whitehouse.gov/blog/2010/02/05/employment-situation-january)

November 2009: “Therefore, it is important not to read too much into any one monthly report, positive or negative.” (LINK: http://www.whitehouse.gov/blog/2009/12/04/employment-situation-november)

You may now resume your regularly scheduled programming.

Sat, 07/07/2012 - 03:59 | Link to Comment SoCalBusted
SoCalBusted's picture

I really don't like being the spelling police.  And I am hoping you are not an American.  But if you are an American, the multiple spelling errors in your post is really a buzz kill to your point.  Just sayin'.

Sat, 07/07/2012 - 05:52 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

Sorry, I wrote that after 3hrs cycling in the hills...glycogen depletion's a bitch.

Sat, 07/07/2012 - 09:57 | Link to Comment francis_sawyer
francis_sawyer's picture

A couple of space bars between paragraphs would have been nice too. It was a little hard on the eyes...

Edit: LMFAO (someone junks me for saying that)... Ok... reading

"So, the real issue here is that paper money can act like a Time Machine, actually, more like a Virtual Particle where, time and eneregy can be circumvented for a brief period, and the fruits of labor and energy can be artificially and magically emulated, but then the natural balance of things must be restored. This is true for the economy as well as the physical universe in which it resides. During the 20 or so years before the GFC we effectively brought forward a future lifestyle and wealth epoch into the present day, but now that balance must be restored."

So I'm supposed to read that thought process, complete with spelling errors & shoddy punctuation, & let it all just wash over without having to do numerous re-reads and double takes...

Fine ~ my bad

Sat, 07/07/2012 - 10:31 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

Dude, it's not a book just a blog!

Sat, 07/07/2012 - 12:41 | Link to Comment francis_sawyer
francis_sawyer's picture

Since it's "just a blog"... I won't take any more of your comments (even if said in jest ~ which your post wasn't) seriously...

I said it was "hard on the eyes"... & I don't fucking give a shit whether or not you wrote it after just having spent 3 hours in the peloton... Got it?

~~~

Wanna debate the points instead? Let's debate the points (as best as I could understand with the run on punctuation)...

1. I don't buy in to your conclusion that gold bricks will end up underwriting a quadrillion in dervatives... (I further think that you get 27 'up' arrows here on ZH because most see a fat dollar value on an ounce of gold & immediately get a woodie)...

2. You were overly esoteric in your attempt to describe money (in time & space)... Good try, (which was interesting fodder), but ultimately conclusionless... I have no special remedies myself at this moment because, FRANKLY, I feel there IS NO ULTIMATE SOLUTION... It is something which will be always be agreed upon, in relative real time, amongst macro participants of any ad hoc generation... There will always be problems with that because nothing can escape the ever present dynamics that greed, power, & manipulation will play... Nature is COMBAT... Wanna see it [nature] everyday in its true sense?... Wanna play GOD?... Go out and plant a garden... Within no time you'll have plants competing against other plants... Insects will be attracted, which will then attract predators of those insects (& that's only the VISIBLE stuff)... Underneath that will be a whole different level of microorganisms who are competing even more violently...

The HUBRIS of man is in thinking he's the master of this universe... Stick to your cardio workouts... They might come in handy...

Sat, 07/07/2012 - 13:02 | Link to Comment francis_sawyer
francis_sawyer's picture

Actually ~ I'm not done explaining why I disagree with your 'gold' conclusion as illustrated in #1 of my above comment...

~~~

I'd suppose that the problem at the moment boils down to two principal factors

1. Who actually OWNS the above ground gold (after claims, rehypothecations, and any other sort of legal layers you may wish to apply thereto)

2. Where is it?

IOW

You'd have to give the edge to any PRESENT standing regime, with regards to being able to vault the stash, & essentially protect it... But really ~ how do you do that? Legally?... Militarily?... Furthermore, you'd need an accurate accounting of how much is really there (& if it's real)...

So what?... They haven't even done an audit on Ft. Knox since the Eisenhower Administration?... You think that all world leaders & central bankers are just going to bring all their gold bricks to some kind of boy scout jamboree, toss it on a blanket, & divvy up where everybody stands, DOLLAR WISE, based on the loot?... That's about the most ridiculous notion I've ever heard...

Now I'm not discounting that there aren't some out there who THINK they have the top spot at the moment... But in reality, it's a fucking Mexican standoff... So all that's left is for everyone to just keep stacking in the hopes that when some kind mof situation like that might arrive, they have a seat at the table...

This ios why the US is fucked at the moment... Because their 'seat at the table' drawing rights go down every single day that bullion flows East...

Sat, 07/07/2012 - 23:26 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

Wow, your life must be really miserable to be such an angry little ant. BTW, I was replying to someone else, not you-you miserable fuck!

Sat, 07/07/2012 - 08:46 | Link to Comment MassDecep
MassDecep's picture

"There won't be a war."

War is the only way for the Banksters to achieve their goals of controlling the masses. They are not ramping up the propaganda for nought. 

I predict war and martial law ...after the event of course.

 

Sat, 07/07/2012 - 09:51 | Link to Comment FrankDrakman
FrankDrakman's picture

Just for a moment, I read 'war and martini law'... it would be horrible, but not as horrible.

Fri, 07/06/2012 - 20:50 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

double post.

Fri, 07/06/2012 - 21:55 | Link to Comment philipat
philipat's picture

We won't be returning to a Gold Standard period. It would keep politicians and central banks honest, so it will never be allowed.

Sat, 07/07/2012 - 05:59 | Link to Comment economics9698
economics9698's picture

We will when the fiat is dead, real quick.

Sat, 07/07/2012 - 06:09 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

And the BIS attempting to reclassify Gold as Tier 1 is for what reason? Sorry, I disagree strongly, but only time will tell.

Sat, 07/07/2012 - 08:47 | Link to Comment MassDecep
MassDecep's picture

"We won't be returning to a Gold Standard period."

I agree

but, non the less, gold and silver will be extremely valuable.

Fri, 07/06/2012 - 22:04 | Link to Comment Fake Jim Quinn
Fake Jim Quinn's picture

Capitalists? Capitalism? Can we give that a try? I see fascism and crony capitalism, but I can't find any meaningful scale of capitalism where I look. Maybe Indonesia lately

Fri, 07/06/2012 - 23:45 | Link to Comment blunderdog
blunderdog's picture

I didn't mean "capitalist" in the philosophical sense.  I meant "people who control the majority of the globe's capital."  They're mostly con-men.

Sat, 07/07/2012 - 01:37 | Link to Comment philipat
philipat's picture

Indonesia? I live there and, sorry no, the system here is totally crony capitalism with every single member of the bureaucracy, including the police and parliament on the take. I would instead nominate China.

Fri, 07/06/2012 - 20:40 | Link to Comment Teamtc321
Teamtc321's picture

MDB; I am so excited you pointed out the fact that gold digging darlin's will stay away from my stack. Good to know it is working.

Thank's for the pointer and oh do keep us posted on brilliant insight.

Fri, 07/06/2012 - 21:26 | Link to Comment economics9698
economics9698's picture

But I think the government geek, MDB, just wants to fuck them for one night.

Fri, 07/06/2012 - 21:44 | Link to Comment PeterSchump
PeterSchump's picture

"But I think the government geek, MDB, just wants to fuck them for one night."

    - over and over again.

Fri, 07/06/2012 - 21:44 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

He is just describing what is going on in his other browser full of porn.

Fri, 07/06/2012 - 20:47 | Link to Comment g speed
g speed's picture

Trouble is gold ain't worth shit till you exchange it for something else (unless you're in India and getting married) -its almost like FRNs in that respect-- they aren't worth shit till you excange them for something else either.

Sat, 07/07/2012 - 02:27 | Link to Comment Burnbright
Burnbright's picture

That is SOOOOOOOOOOOOOOOO DEEEEEEEEEEEEPPPPPPPPP MAN!

 

 

Fri, 07/06/2012 - 21:16 | Link to Comment NidStyles
NidStyles's picture

Dude, paragraphs, paragraphs....

Fri, 07/06/2012 - 23:34 | Link to Comment WillieNelsonListener
WillieNelsonListener's picture

paragraph please, good read - as tough as it was to get through

Sat, 07/07/2012 - 03:42 | Link to Comment Western
Western's picture

Hey TSP, thanks for an enjoyable read. I never imagined money as a virtual particle, or gold from the time/esoteric value perspective. Awesome.

Sat, 07/07/2012 - 06:35 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

My pleasure!

Sat, 07/07/2012 - 07:57 | Link to Comment Hobie
Hobie's picture

Prescient words TwoShortPlanks. If only people could... save first then spend.

Sat, 07/07/2012 - 08:52 | Link to Comment francis_sawyer
Sat, 07/07/2012 - 09:02 | Link to Comment dundermifflin
dundermifflin's picture

beautifully put, short planks

Sat, 07/07/2012 - 09:39 | Link to Comment Estrella
Estrella's picture

To tag onto TwoShortPlank's comments... I have a unique opportunity to see the world. I am a long distance pilot and routinely spend time in countries all over the world.

The people in South America, Latin America are industrious, hard working, and in general great entrepeneurs. On the other hand, I also manage a large number of rental homes in America. I am shocked at the "entitlement" view of my tenants.

In Mexico i see guys dissasembling machines that were never designed to be dissasembled, rebuilding them and getting them running again. Row after row of entrepeneurs selling everything you can think of, making it work, hands on, hard working, craftsmen of every kind. In American, as I work to fix leaking sinks, replace capacitors on A/Cs, burners on stoves, the kids simply wander around playing with their iToys. Each time I ask the young men, "Why are you not watching how I repair this so that you will learn?" and am shocked when they say "Hey I just call the repairman." Seriously, I had fire, sparks, gas all doing fun stove on a stove and the 20ish man in the kitchen was babbling on about how his iToy worked. The stove, the ignitors, the burners, were of no interest to him, but, his iToy was.

I rerturn to the States to find my tenants completely baffled by the electric eyes of a garage door opener. Unable to even tighten a door know, most don't own a lawn mower and pick up the phone and call "someone" for even the smallest job. I have seen grown men who had NO tools in the house and could not identify a wrench from a pair of plyers (seriously).

I watch my "neighbors" ride their electric carts across the parking lot at WalMart to purchase their Chinese made goods and wonder "Where are the hard working, skilled, createive, craftsman, that keep the American dynamo running?"

How in God's name, can we possibly be the leading economic power? Seriously.

Something is wrong. Very wrong.

Sat, 07/07/2012 - 10:36 | Link to Comment TwoShortPlanks
TwoShortPlanks's picture

I get what you mean too.
Estrella??? That's a classic F3B machine. http://www.youtube.com/watch?v=2aiNfVXUF44

Sat, 07/07/2012 - 11:46 | Link to Comment Go Tribe
Go Tribe's picture

Gold? Perhaps, because it's located in finite areas and easy to manipulate in price. But I also think we need to look back before the 1920s to understand what will hold value. I would say spices, salt, alcohol, fruit trees. Spices and fruit trees because there is long maturity for harvest. Alcohol because it's obvious. And salt because like gold it's located in finite areas and easy to manipulate in price.

Fri, 07/06/2012 - 20:37 | Link to Comment ghenny
ghenny's picture

Obama's stimulus worked just fine.  The problem is the natural rate of unemployment is now around 8% as opposed to the previous 5% because productivity increases and automation along with outsourcing have made it so we can produce all we need with less US labor.   This means we have to tax the top 10% more and transfer those resources to pay down debt and provide a decent basic income to the 8% unemployed and the additional 6% - 10% underemployed and working poor to keep our society from a revolution.  We also need to put thousands of banksters and other white collar crooks in jail so they are deterred from ripping off our system and screwing up free enterprise with crony capitalism and massive fraud.  The entire US justice department needs to reformed.  They are incapable or unwilling to go after white collar criminals in the big leagues.  This is a huge deterrent to honesty and fair play. 

Fri, 07/06/2012 - 21:17 | Link to Comment NidStyles
NidStyles's picture

Just keep drinking that kool-aid, and let the adults deal with this son. 

Fri, 07/06/2012 - 21:32 | Link to Comment economics9698
economics9698's picture

ghenny I will be nice, here are a couple of links for you to find some reality.

Study hard and then DO NOT make those asining statements again.

http://www.whitehouse.gov/omb/budget/Historicals

http://www.taxpolicycenter.org/taxfacts/displayafact.cfm?DocID=543&Topic2id=30&Topic3id=38

Let me know if you can support your argument, inquiring minds want to know.  Reality and a Obama speech are two different things.

Sat, 07/07/2012 - 03:01 | Link to Comment SoCalBusted
SoCalBusted's picture

Reality and a Obama speech are two different things.

 

NICE!

Sat, 07/07/2012 - 06:22 | Link to Comment Disenchanted
Disenchanted's picture

 

 

 

Obama's words and Obama's actions are two different things as well.

 

But that's not a first for a US President...

Sat, 07/07/2012 - 10:11 | Link to Comment Pure Evil
Pure Evil's picture

ghenny = MDB's transgender alter ego.

Fri, 07/06/2012 - 22:24 | Link to Comment Stuck on Zero
Stuck on Zero's picture

You are so right GHenny.  Imagine how bad things woulda been if we hadn't passed that big spending program.  What're you smoking, anyway?

 

Sat, 07/07/2012 - 10:19 | Link to Comment Pure Evil
Pure Evil's picture

He's choomin' some righteous ghanja while kickin' back and sippin' some bitchin' bath salts.

Fri, 07/06/2012 - 23:26 | Link to Comment Acorn10012
Acorn10012's picture

Its Barry's DOJ - maybe he should get busy with more than fast and furious?

Sat, 07/07/2012 - 01:49 | Link to Comment schatzi
schatzi's picture

"natural rate of unemployment is now around 8%"

 

lol, that is exceptionally funny. "natural rate" lol, double funny. There are modern economies less de-industrialised which successfully run at 3-4% unemployment. If you gear your economy to consumption and service entirely, then don't be surprised at low participation rates and high "natural" *lol* unemployment in non-bubble years.

Fri, 07/06/2012 - 18:50 | Link to Comment El Oregonian
El Oregonian's picture

MDB progressed all right, progressed right into a fag...

Fri, 07/06/2012 - 19:02 | Link to Comment Vic Vinegar
Vic Vinegar's picture

Great minds talk about ideas, Average minds talk about things, Small minds talk about other people.

When I was growing up, this comment resonated with me.  I don't wanna talk about things or people - I wanna talk ideas!  How should man live on this planet?  Why are we here?

Yet my time at ZH has regressed into nothing more than talking about people.  Kind of like how many here have an opinion on MDB.

That's probably because I'm among many great minds (no joke).  I don't consider myself one but you should consider...

...Obama's policies failed for a reason.  Whether you or I think that is a good thing or a bad thing, it is reality.  Jokes about it and comments re: MDB do nothing to change that. 

Fri, 07/06/2012 - 19:10 | Link to Comment resurger
resurger's picture

-1

Fri, 07/06/2012 - 19:19 | Link to Comment Vic Vinegar
Vic Vinegar's picture

LOL

Too bad I can't come on here like nmewn and deliver such brilliance as And "free" contraception.

Shit, I'd love to live in a Norman Rockwell painting, too. 

But there I go talking about people again.  World government is here - and if we can't have an honest discussion about it and what to do about its reality - then we can all just go on back to being 'funny' on the internet, and noting how other people are less intelligent than us.

Here's a Nicki Minaj video for you in the meantime. 

http://www.youtube.com/watch?v=SeIJmciN8mo

Fri, 07/06/2012 - 19:27 | Link to Comment resurger
resurger's picture

O_0

Sat, 07/07/2012 - 10:22 | Link to Comment Pure Evil
Pure Evil's picture

And even smaller minds like to point out how everyone else is inferior to their perceived brilliance.

Sat, 07/07/2012 - 00:51 | Link to Comment kekekekekekeke
kekekekekekeke's picture

dat ass

Fri, 07/06/2012 - 19:45 | Link to Comment old naughty
old naughty's picture

Vic, your ideas, I like...will cease talking about Obumm hereon.

Thanks for sharing

Fri, 07/06/2012 - 18:30 | Link to Comment magpie
magpie's picture

Indeed, MDB. I'm only waiting for the government mandated program to supply me with sex partners of my choice.

Fri, 07/06/2012 - 18:39 | Link to Comment nmewn
nmewn's picture

And "free" contraception.

Sat, 07/07/2012 - 09:47 | Link to Comment AlaricBalth
AlaricBalth's picture

+1
Thanks nmewn. Just choked on my Frosted Flakes. LMAO

Sat, 07/07/2012 - 11:37 | Link to Comment nmewn
nmewn's picture

Glad to oblige ;-)

Its amazing really, the amount of cognitive dissonance involved.

A student at Georgetown Law, requiring on average a tuition of 50k per year to even attend...who probably screeches like a wounded banshee whenever she thinks someone is "invading her bedroom"...demands the state stick a gun to the head of my health insurance company...and have them stand outside her bedroom door handing out birth control to anyone who enters.

Because she doesn't want to spend ten bucks a month for her own damned birth control pills.

Not surprising I guess, with her boyfriend being a bankers son and all...but now I'm really torn...as I don't want them to breed any little statist maggots like themselves.

Its a real conundrum...lol.

Fri, 07/06/2012 - 19:02 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

Government-Mandated Redistribution of Vaginas

Fri, 07/06/2012 - 19:30 | Link to Comment Kayman
Kayman's picture

Government Union Hookers ?  Promoted by seniority, not merit.  If the government supplies sex partners, it will be of their choice.

Sat, 07/07/2012 - 02:33 | Link to Comment Bizaro World
Bizaro World's picture

Exactly.....actually, the gov't has been in "the oldest profession" industry before....as with everything, they completely dicked it up (pun intended) and the enterprise went broke. That's the track record here, losing money on prostitution....but I'm sure healthcare will be different....just don't get sick.

Sat, 07/07/2012 - 09:46 | Link to Comment WonderDawg
WonderDawg's picture

Leave it to the gubmint to fuck up even the simplest of enterprises, like prostitution.

Fri, 07/06/2012 - 20:32 | Link to Comment BudFox2012
BudFox2012's picture

Only if they supply CIA blow to go with those hookers.  Hey, I have an avatar to live up to you know!

Fri, 07/06/2012 - 20:53 | Link to Comment g speed
g speed's picture

I'm looking for the gov't circular that tells me what a "cool girl" is-- so I know if I'm getting any worth having--

Fri, 07/06/2012 - 18:33 | Link to Comment drink or die
drink or die's picture

Post of the week, standing O.

Fri, 07/06/2012 - 18:38 | Link to Comment nmewn
nmewn's picture

ROTFL!!!

"...if you want to get the best girls you simply have to be a progressive."

In keeping with i-dogs advice to find "the clues" to make it satire...I submit this...lol.

Sat, 07/07/2012 - 10:48 | Link to Comment IMA5U
IMA5U's picture

well, girls like to spend $$$ and have funny math when it comes to shopping

 

as do the progressives

Sat, 07/07/2012 - 11:49 | Link to Comment nmewn
nmewn's picture

My favorite is when my wife says she saved 20% by spending fifty bucks...lol.

She just rolls her eyes...she has her money and I have mine...it works best that way ;-)

Fri, 07/06/2012 - 18:40 | Link to Comment Salt
Salt's picture

Or work at Fox News. Some of the chicks are babes.

Fri, 07/06/2012 - 20:17 | Link to Comment WakeUpPeeeeeople
WakeUpPeeeeeople's picture

Foxxy News

Fri, 07/06/2012 - 18:46 | Link to Comment TWSceptic
TWSceptic's picture

LOL Girls love gold MDB, but apart from that good troll.

Sat, 07/07/2012 - 04:02 | Link to Comment John_Coltrane
John_Coltrane's picture

True, gold glitters, but as Marilyn Monroe sang so convincingly, "diamonds are a girls best friend".

Fri, 07/06/2012 - 18:44 | Link to Comment Rogue Trooper
Rogue Trooper's picture

Genius... MDB Just gets better.

I'm gonna put on 100 ibs and grow a beard ... like Prof. Krugman.  But, where does he get those 'tweedy' suits from?

Fri, 07/06/2012 - 19:11 | Link to Comment resurger
resurger's picture

Cool story Lil Wayne ... 

before you go, watch this

www.youtube.com/watch?v=jz0pDocx4TI&feature=related

 

 

Fri, 07/06/2012 - 19:02 | Link to Comment vintageyz
vintageyz's picture

Shake your groove thing, MDB!  I mean really, shake it or the piss stains will show through your khaki pants.

Fri, 07/06/2012 - 19:19 | Link to Comment Zero Govt
Zero Govt's picture

MDB  -  don't Progressives suck? ...i mean like suck (terribly) from every angle

windbag Barney Frank is your poster child yes?.. he hasn't done a stitch of work his entire bloated parasitical life

they've wrecked California 80 years ago with their debt-spending suicide mission, and (surprised?) they've done it again. In fact Progressives like Commies ruin everything they touch, not a success story in their long sorry bankrupt history of pissing away other peoples money on idealistic unrealistic junk-brained agendas 

What level of totty do you think "gravitate to smart sensitive" lefties, are they of the Govt office secretarial pool (gormless) types? Girls impressed buy people who can piss away other peoples money until they go bankrupt types??

"Doomer libertarians" have a realistic handle on the future (and the past).. the same future that befell US social (sub-prime) housing ...a sub-prime blow-up from sub-prime (progressive) minds

You wouldn't know the future if it smacked you in the face, you still can't see the future even though there's a road strewn with lefty train wrecks in your rear view mirror that marks the sorry history of progressive peanuts

Fri, 07/06/2012 - 21:11 | Link to Comment BKbroiler
BKbroiler's picture

In fact Progressives like Commies ruin everything they touch, not a success story in their long sorry bankrupt history of pissing away other peoples money

bullshit.  

the blue states carry the red states, always have, always will.  Google "blue states subsidize red states" if you want, it's common knowledge.  You can act like a creationist and block out facts that you don't like, but it doesn't change the facts.  California was run by the Terminator (R), of course it's bust.  Funny how so many creationists are also conservative, I guess once the levee of gullibilty is broken anything can get through.

Fri, 07/06/2012 - 21:29 | Link to Comment nmewn
nmewn's picture

"the blue states carry the red states, always have, always will."

I'm filing for a divorce...will you contest it...again?

Fri, 07/06/2012 - 21:38 | Link to Comment BKbroiler
BKbroiler's picture

Oh, right.  You must have one of those "the south will rise again" coffee mugs.  Please, secede.   You can keep the diabetic south and the amber waves of grain and we'll hold on to the universities and major cities.  douche.  

Fri, 07/06/2012 - 22:28 | Link to Comment nmewn
nmewn's picture

"You can keep the diabetic south and the amber waves of grain and we'll hold on to the universities and major cities."

ROTFL...Done!!!

And good fucking luck.

Sign here_________

Sat, 07/07/2012 - 02:26 | Link to Comment Bizaro World
Bizaro World's picture

+100

Sat, 07/07/2012 - 10:40 | Link to Comment Hulk
Hulk's picture

We have a reverse Sherman's march scheduled for July 13th.We're starting at the potomac again.

We were going to sack Baltimore first, but now feel that that will help the enemy too much.

So we're sacking Frederick, York and Lancaster on day1, taking Harrisburg on day2. Spread the word...

Fri, 07/06/2012 - 23:33 | Link to Comment mofreedom
mofreedom's picture

I was working for the Chinese gubmint to buy Calyfornia in the late 90s and the US gubmint wouldn't sell.  Today, they won't buy, tomorrow they will take.  There goes my commission, dabmint.

Fri, 07/06/2012 - 23:34 | Link to Comment Acorn10012
Acorn10012's picture

Like Detroit?

Sat, 07/07/2012 - 05:33 | Link to Comment Dasa Slooofoot
Dasa Slooofoot's picture

the blue states carry the red states, always have, always will. Google "blue states subsidize red states"

 

Google a demographics map, sparky.

Sat, 07/07/2012 - 14:00 | Link to Comment blunderdog
blunderdog's picture

You're supporting his point.  The highest incomes are found in the biggest cities in the most populous states, which tend to be "blue."  TX is the exception.  FL is a toss-up, but FL is an enormous money-hole for Fed dollars because the population is ancient and they're all living on Federal dole payments and burning Medicare money. 

The incomes in places like NY, MA, CA, CT provide the tax revenue to maintain the military bases and Federally-maintained works in the less-populous states that pay for the economies of a lot of the locals.

What point did you think you were making?

Fri, 07/06/2012 - 19:05 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

Dude...

This fantasy thing you got going isn't healthy.

(PS.- I'm the jock that was banging that girl you liked in High School)

Fri, 07/06/2012 - 19:20 | Link to Comment HungrySeagull
HungrySeagull's picture

Yer full of it.

One good wife is worth a thousand squealing hogs.. sorry... girls.

Fri, 07/06/2012 - 19:32 | Link to Comment diesheepledie
diesheepledie's picture

Yes ... girls on the dancefloor gravitate towards smart, sensitive, and ambitious pRogressives. Then when the MDMA starts kicking in (courtesy of the doorman controlled by us), the same girls gravitate to the backroom Buckakee sessions with the smarter insensitive ruling class Bankers.

Fri, 07/06/2012 - 20:48 | Link to Comment Teamtc321
Teamtc321's picture

Dude, you need to steam clean those 2" glasses off, you have locked onto a hog, a chick with a stick and your soon to feel the pain nerdly.

 

Run, Forrest, Run......................

Fri, 07/06/2012 - 22:28 | Link to Comment diesheepledie
diesheepledie's picture

Another Gamma male who doesn't recognize the great Dr. Kissinger. Who was a master of getting progressive bitches into Bukakee sessions BTW (do your own research).

Fri, 07/06/2012 - 21:16 | Link to Comment nmewn
nmewn's picture

"Run, Forrest, Run"

lol...show me a "sensitive, progressive man on the dance floor" and I'll show you a note on the pillow at 7AM...or a STD ridden bisexual cooking breakfast ;-)

Fri, 07/06/2012 - 20:59 | Link to Comment g speed
g speed's picture

bankers/cokers--there fixed for ya

Fri, 07/06/2012 - 19:26 | Link to Comment Kayman
Kayman's picture

MDB

Another Saturday night alone with your internet porn joystick !

Guys that are getting it, don't need to brag about it.

By the way, last time you got some real skin, did you have to pay cash ?

Love your sarcasm tho...

Fri, 07/06/2012 - 20:35 | Link to Comment GernB
GernB's picture

Yea, thats what every guy dreams of, a woman who is looking for a guy who is in touch with his feminine side.

Fri, 07/06/2012 - 20:44 | Link to Comment Freddie
Freddie's picture

LOL! Nah you just tell libtard girls BS they want to hear and they drop their panties as fast as The Bernank drops the discount rate. 

The downside is the lib chicks are stupid and insane so you have to wear ear plugs as they drone on about nothing.  

You Dem fux who post here - we knew O was a nightmare and yeah the Repubs and Dems are the same team but the islamic is pushing destruction and poverty for all.  

Fri, 07/06/2012 - 21:05 | Link to Comment Livingstrong
Livingstrong's picture

Troll

Fri, 07/06/2012 - 23:47 | Link to Comment smlbizman
smlbizman's picture

delete

Fri, 07/06/2012 - 23:26 | Link to Comment THECOMINGDEPRESSION
THECOMINGDEPRESSION's picture

are mentally retarded? Just inquiring

Sat, 07/07/2012 - 00:07 | Link to Comment jmk
jmk's picture

I'm sure you'd fuck a pile of rocks if you thought there was a snake in it.

Sat, 07/07/2012 - 00:46 | Link to Comment Monedas
Monedas's picture

I like the way progressive people "get out" in North Korea and Syria !  Progressives are real fun !              Monedas       1929        Comedy Jihad  Algore And Hillary Too Sexy

Sat, 07/07/2012 - 01:40 | Link to Comment mick68
mick68's picture

Guess what bud, there's people here who can pick up girls in their sleep(me me and me) AND have a brain, which you clearly do not have.

Sat, 07/07/2012 - 01:40 | Link to Comment mick68
mick68's picture

Guess what bud, there's people here who can pick up girls in their sleep(me me and me) AND have a brain, which you clearly do not have.

Sat, 07/07/2012 - 07:53 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

MDBonus, you are a legend in your own mind...

Tue, 07/17/2012 - 23:21 | Link to Comment MeelionDollerBogus
MeelionDollerBogus's picture

sheesh, you and now milliondollarboner_ ?

Now how am I gonna be a SUPA-STAHHHhhhh

Sat, 07/07/2012 - 08:00 | Link to Comment GCT
GCT's picture

MDB this is one of your better posts for laughs.  Obviously you need to get out of that basement son. 

Sat, 07/07/2012 - 09:35 | Link to Comment Vendetta
Vendetta's picture

You are still high as a kite.

Sun, 07/08/2012 - 02:32 | Link to Comment eatthebanksters
eatthebanksters's picture

Funny MDB, as a conservative I get plenty of hot chicks...it might be because I'm tall, athetic, good looking and successful, or, it might be because I have a big weso.  In any event I dig conservative chicks over progressive types: I prefer women who are in shape and take pride in their appearance versus those who dress like Chairman Mao and refuse to shave hair in certain places.  I am happy you like the progressive kind of women, they gotta get laid like anyone else and only a loser would go there. Check out the gals on Fox News compared to MSNBC or any of the lamestream news programs... or check out those gals on that talk show with the 4 or 5 women in the morning.  Elizabeth Hasselbeck is hot, the rest are yours! 

Fri, 07/06/2012 - 22:45 | Link to Comment PC Load Letter
PC Load Letter's picture

You mean businesses aren't upbeat about hiring when the government is borrowing hundreds of billions every year just to stay afloat with a healthcare mandate just around the corner? Shocked I tell ya, I can't figure out why this didn't work 

Fri, 07/06/2012 - 20:30 | Link to Comment CPL
CPL's picture

I'm done.

 

Enjoy sunday.  If you don't want to enjoy sunday.  Bring money real money.  Not yankee pay.

 

Tuesday I'm going to bag anything that look like as asshole with family.   Money first.  Then talk how money works.

 

The idiots you have up here are good people, but most of you are useless at doing business.  Get my ass at work.  I can't tell you how life works.  There again you are an ass.  You want to help fuckers.  Move your ass.

 

Fucking mormon shits...all of your...screw it.  Just show up.  I'm done.  Tired.  I need a break.  Have a great life piss ants.

 

Bring money or it all goes down like a two dollar hooker for fun.  I refuse to play with you asses anymore.

Fri, 07/06/2012 - 23:22 | Link to Comment andrewp111
andrewp111's picture

That depends on what you mean by "work". It may not have done much for the unemployment stats, but the Stimulus did shovel benefits to important Democratic constituents.

Sat, 07/07/2012 - 01:12 | Link to Comment world_debt_slave
world_debt_slave's picture

but, but, Obama said we are heading in the right direction.

Sat, 07/07/2012 - 09:05 | Link to Comment bernorange
bernorange's picture

It's hard to enjoy saying, "I told you so!" when your boat is sinking into the ocean.

Sun, 07/08/2012 - 08:25 | Link to Comment Taco
Taco's picture

Is it possible that Bernake and Buffett are secretly buying gold?

Fri, 07/06/2012 - 18:06 | Link to Comment bob_dabolina
bob_dabolina's picture

I don't understand why the UE rate is 6% for asians and 14% for blacks.

Can someone explain that?

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