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Wall Street Oasis » Forums » Monkeying Around

Obama, easy victory with economic numbers? Forum's RSS Feed Share

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RagnarDanneskjold's picture
RagnarDanneskjold
     HF
 
(Senior Gorilla, 988
 
Points)
  on 2/3/12 at 1:18pm

Personally, I don't buy all the "green-shoots" BS. However, the jobs number today blew out all estimates. Unemployment has hit 8.3% down 9.3% from 3 years ago. Again, I don't really want to bring up the underlying systemic issues (ie: reality). I am looking at this headline as the AVERAGE voter would. If more economic numbers follow this trend, I think Obama will be unbeatable.

What do you guys think?

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Tags:
  • American Politics
  • Monkeying Around
WSOWill's picture

Economy + Gingrich = Win

WSOWill
    
 
(Senior Baboon, 236
 
Points)
  on 2/3/12 at 1:19pm

Economy + Gingrich = Win

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Cardinal's picture

As long as people keeping

Cardinal
    
 
(Orangutan, 320
 
Points)
  on 2/3/12 at 1:25pm

As long as people keeping dropping out of the labor force Obama is a lock.

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TNA's picture

Lowest labor participation

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 1:33pm

Lowest labor participation rate. Real great economy.

Just wait til Europe blows up or figures out a stop gap measure. Economy is still on a weak footing and Obama is not guaranteed a victory.

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TNA's picture

People are falling off

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 1:35pm

People are falling off emergency and extended unemployment. This is like saying Ebola is infecting less people, but not mentioning it is because everyone is almost dead.

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rothyman's picture

If the economy is stronger

rothyman
     HF
 
 
(Senior Gorilla, 975
 
Points)
  on 2/3/12 at 1:35pm

If the economy is stronger this year then Obama could definitely be a lock in November. I don't think a President has ever not been re-elected when the economy is churning back.

And according to 'everybody', the economy is going to make a comeback this year (followed by a terrible downturn in '13).

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TNA's picture

God bless this nation. It

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 1:39pm

God bless this nation. It amazes me how we can continue to rebound with a President that wants to ruin this country so much. Unfortunately I don't know if even the US can withstand 4 more years of kryptonite in office.

Maybe his wife should shut down 5th ave some more and buy luxury lingerie while Americans are out of work.

This is what happens when nouveau riche is allowed in office.

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TheKing's picture

Yup, the moderate Democrat is

TheKing
     PE
 
 
(Neanderthal, 3,033
 
Points)
  on 2/3/12 at 2:03pm

Yup, the moderate Democrat is purposefully ruining America. What?

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Edmundo Braverman's picture

Just received the following

Edmundo Braverman
     ST
 
 
(Human, 11,011
 
Points)
  on 2/3/12 at 2:05pm

Just received the following email a couple hours ago and it made me chuckle:

Here's another way to look at the Debt Ceiling:

Let's say, you come home from work and find there
has been a sewer backup in your neighborhood.

Your home has sewage all the way up to your ceilings.

What do you think you should do? ……

Raise the ceilings, or pump out the shit?

Your choice is coming Nov. 2012

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Scott Irish's picture

We deserve everything that

Scott Irish
     O
 
(Baboon, 129
 
Points)
  on 2/3/12 at 2:12pm

We deserve everything that happens to us. Period. If we want to pretend he's doing a good job with the economy, fuck it. I'm done thinking about it, other than to consider how I can exploit the rubes who re-elect him.

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TNA's picture

TheKing wrote: Yup, the

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 2:13pm
TheKing:

Yup, the moderate Democrat is purposefully ruining America. What?

Moderate Democrat my ass. Bill Clinton became moderate. Obama has none of the skill or the charm of Clinton. If, even if, his actions right now are more moderate than in the beginning it is because of Republicans taking the House and forcing him to the center.

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Anomanderis's picture

ANT wrote: TheKing

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 2:19pm
ANT:
TheKing:

Yup, the moderate Democrat is purposefully ruining America. What?

Moderate Democrat my ass. Bill Clinton became moderate. Obama has none of the skill or the charm of Clinton. If, even if, his actions right now are more moderate than in the beginning it is because of Republicans taking the House and forcing him to the center.

Rubbish. Obama was ALWAYS a moderate Democrat. Right now he's ruling on the right because of the rabid lunatic mad-dog tea party republicans.

But naturally, republicans are never happy. And citizens united ensures that the will of the people will never be heard.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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TNA's picture

1) Obama was a community

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 2:24pm

1) Obama was a community organizer in friggin Chicago, don't give me that bullshit that he is moderate anything.

2) Please define what a citizen is. People who support gun rights have the NRA, union members have the AFL CIO, Federal workers have their lobby group, every racial group has a lobbying arm, womens rights, gay rights, on and on.

The only "citizens" who have no voice are common people who go to work and want to be left the fuck alone. This idea that evil overlords (aka F500 companies) act as monolithic creatures is comical. Business promotes its best interest because the shareholders demand it. Oh, F500 also employes a large chuck of Americans.

Oh, but wait, the largest of American employers, small business owners, just love Obama and his anti business regime.

According to the anointed one it is not his fault. Then again I suppose him taking blame would be too foreign of a concept to him. .

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TNA's picture

You call them rabid lunatics.

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 2:26pm

You call them rabid lunatics. I call them true Americans and patriots. Didn't realize strengthening the Constitution and reducing the ever growing size of government was a lunatic concept.

Keep hoping for that change. I am sure when we have the wonderful success that Europe has now and our taxes are all at 50% to fund Obama and his nanny state you will be happy.

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Scott Irish's picture

Anomanderis, did you join

Scott Irish
     O
 
(Baboon, 129
 
Points)
  on 2/3/12 at 2:26pm

Anomanderis, did you join just to be full of crap? I can almost see the vein in your forehead when you type "rabid lunatic mad-dog tea party republicans," which I assume includes everyone who values a solvent government. You should have said tea baggers in all caps.

When Obama wins in 2012, and the left celebrates, what specifically will the left be celebrating? I know the GOP field stinks, nevermind that. What specific good is four more years of the Perpetual Candidate going to bring, other than more evidence that liberalism does not work? Maybe the rationale is Bush got to give an 8-yr lesson on the failures of nationbuilding, so it's only fair.

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Bernankey's picture

Fuck O'bama's idealistic view

Bernankey
     ST
 
(Gorilla, 687
 
Points)
  on 2/3/12 at 2:28pm

Fuck O'bama's idealistic view of the world. Fuck his praising of small business and manufacturing. This country has two industry powerhouses: Silicon Valley and Wall Street. His administration wants to only have one.

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Anomanderis's picture

ANT wrote: You call them

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 2:33pm
ANT:

You call them rabid lunatics. I call them true Americans and patriots. Didn't realize strengthening the Constitution and reducing the ever growing size of government was a lunatic concept.

Keep hoping for that change. I am sure when we have the wonderful success that Europe has now and our taxes are all at 50% to fund Obama and his nanny state you will be happy.

Listen - I've got questions about Obama, loads of them. Bailing out wall street for starters. But calling Newt and Romney true Americans and patriots? That deserves a laugh, surely.

And there's absolutely NO evidence that Obama planned to raise taxes to 50%. None. Constitution? Oh you mean that document that was ripped up by Bush??

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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TNA's picture

Praise is cheap. He hasn't

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 2:33pm

Praise is cheap. He hasn't done dick for small business and how is he helping manufacturing? Get real. The guy is a decent orator when he has his holographic machine in front of him. Otherwise he is just a friggin clown.

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TNA's picture

Anomanderis wrote: ANT

TNA
     O
 
 
(Human, 11,669
 
Points)
  on 2/3/12 at 2:35pm
Anomanderis:
ANT:

You call them rabid lunatics. I call them true Americans and patriots. Didn't realize strengthening the Constitution and reducing the ever growing size of government was a lunatic concept.

Keep hoping for that change. I am sure when we have the wonderful success that Europe has now and our taxes are all at 50% to fund Obama and his nanny state you will be happy.

Listen - I've got questions about Obama, loads of them. Bailing out wall street for starters. But calling Newt and Romney true Americans and patriots? That deserves a laugh, surely.

And there's absolutely NO evidence that Obama planned to raise taxes to 50%. None. Constitution? Oh you mean that document that was ripped up by Bush??

So Newt and Romney are tea party members now? I don't remember mentioning them when I said Patriots.

I also didn't bring up Bush, but it seems as if you have some Obama in you in that regard.

And yes, Bush and the Federal government walked on the Constitution. Obama is just doing more of the same.

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Anomanderis's picture

Scott Irish

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 2:54pm
Scott Irish:

Anomanderis, did you join just to be full of crap? I can almost see the vein in your forehead when you type "rabid lunatic mad-dog tea party republicans," which I assume includes everyone who values a solvent government. You should have said tea baggers in all caps.

When Obama wins in 2012, and the left celebrates, what specifically will the left be celebrating? I know the GOP field stinks, nevermind that. What specific good is four more years of the Perpetual Candidate going to bring, other than more evidence that liberalism does not work? Maybe the rationale is Bush got to give an 8-yr lesson on the failures of nationbuilding, so it's only fair.

Your last sentence finally catches my attention.

You seem to think I like Obama. I do not. Neither do I like hypocritical and overreaching tea-partiers who have nothing to offer but obstruction.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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TheKing's picture

I don't remember the details

TheKing
     PE
 
 
(Neanderthal, 3,033
 
Points)
  on 2/3/12 at 2:39pm

I don't remember the details off the top of my head, but there was a big depreciation acceleration tax credit that passed which actually helped small - to - mid sized businesses a lot. One of my firm's companies recently bought a shit ton of new manufacturing equipment, and we got major tax savings because of something passed by this administration.

But, yeah, Obama hates business and wants to raise our taxes to 90%.

At least complain about relevant, specific shit.

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Anomanderis's picture

ANT wrote: Anomanderis

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 2:39pm
ANT:
Anomanderis:
ANT:

You call them rabid lunatics. I call them true Americans and patriots. Didn't realize strengthening the Constitution and reducing the ever growing size of government was a lunatic concept.

Keep hoping for that change. I am sure when we have the wonderful success that Europe has now and our taxes are all at 50% to fund Obama and his nanny state you will be happy.

Listen - I've got questions about Obama, loads of them. Bailing out wall street for starters. But calling Newt and Romney true Americans and patriots? That deserves a laugh, surely.

And there's absolutely NO evidence that Obama planned to raise taxes to 50%. None. Constitution? Oh you mean that document that was ripped up by Bush??

So Newt and Romney are tea party members now? I don't remember mentioning them when I said Patriots.

I also didn't bring up Bush, but it seems as if you have some Obama in you in that regard.

And yes, Bush and the Federal government walked on the Constitution. Obama is just doing more of the same.

Fair enough, I have no argument against that.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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Anomanderis's picture

Bernankey wrote: Fuck

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 2:41pm
Bernankey:

Fuck O'bama's idealistic view of the world. Fuck his praising of small business and manufacturing. This country has two industry powerhouses: Silicon Valley and Wall Street. His administration wants to only have one.

Wall street? The one that got bailed out with seven Trillion of taxpayer money, that's a powerhouse?

Am I missing something here??

And where did you get this Obama's world view from? The Glenn Beck show??

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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duffmt6's picture

TheKing wrote: I don't

duffmt6
     IB
 
 
(King Kong, 1,426
 
Points)
  on 2/3/12 at 2:51pm
TheKing:

I don't remember the details off the top of my head, but there was a big depreciation acceleration tax credit that passed which actually helped small - to - mid sized businesses a lot. One of my firm's companies recently bought a shit ton of new manufacturing equipment, and we got major tax savings because of something passed by this administration.

But, yeah, Obama hates business and wants to raise our taxes to 90%.

At least complain about relevant, specific shit.

Those are just measly details. It's all about Obama's anti hard working, tax paying American rhetoric! That's what is destroying this country!

"Social cohesion and puritanical morality place roughly on my list of concerns between whether I'll pick up jock itch at the gym this week (not likely, since I don't go the gym) and whether it'll rain in Christchurch, New Zealand next Tuesday."
-Eddie

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Bernankey's picture

Anomanderis wrote: Bernankey

Bernankey
     ST
 
(Gorilla, 687
 
Points)
  on 2/3/12 at 3:05pm
Anomanderis:
Bernankey:

Fuck O'bama's idealistic view of the world. Fuck his praising of small business and manufacturing. This country has two industry powerhouses: Silicon Valley and Wall Street. His administration wants to only have one.

Wall street? The one that got bailed out with seven Trillion of taxpayer money, that's a powerhouse?

Am I missing something here??

And where did you get this Obama's world view from? The Glenn Beck show??

Bailout or no bailout...do you want all of finance to migrate elsewhere along with the multibillion dollar industry? The government turned that so called "bailout" into a handsome profit. and by obama's view of the world, im referring to his propaganda spewing nonesense about manufacturing and small business being key to reviving the economy and his attack on the american dream (get rich or die trying.)

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rothyman's picture

Bernankey wrote: Anomanderis

rothyman
     HF
 
 
(Senior Gorilla, 975
 
Points)
  on 2/3/12 at 3:09pm
Bernankey:
Anomanderis:
Bernankey:

Fuck O'bama's idealistic view of the world. Fuck his praising of small business and manufacturing. This country has two industry powerhouses: Silicon Valley and Wall Street. His administration wants to only have one.

Wall street? The one that got bailed out with seven Trillion of taxpayer money, that's a powerhouse?

Am I missing something here??

And where did you get this Obama's world view from? The Glenn Beck show??

Bailout or no bailout...do you want all of finance to migrate elsewhere along with the multibillion dollar industry? The government turned that so called "bailout" into a handsome profit. and by obama's view of the world, im referring to his propaganda spewing nonesense about manufacturing and small business being key to reviving the economy and his attack on the american dream (get rich or die trying.)

I don't believe the 'profit' theory for a minute when it comes to the bail out.

Yes, the gov't made a profit, but in the long run it is tearing down the true profit/loss system. If there was no bail out then banks would be forced (by their own incentive) to stop taking such large risks. Instead we have the gov't telling Wallstreet to stop taking risks now.. this will only work for so long.

True capitalism has both winners and losers.. not everyone can win.

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Bernankey's picture

rothyman wrote: Bernankey

Bernankey
     ST
 
(Gorilla, 687
 
Points)
  on 2/3/12 at 3:10pm
rothyman:
Bernankey:
Anomanderis:
Bernankey:

Fuck O'bama's idealistic view of the world. Fuck his praising of small business and manufacturing. This country has two industry powerhouses: Silicon Valley and Wall Street. His administration wants to only have one.

Wall street? The one that got bailed out with seven Trillion of taxpayer money, that's a powerhouse?

Am I missing something here??

And where did you get this Obama's world view from? The Glenn Beck show??

Bailout or no bailout...do you want all of finance to migrate elsewhere along with the multibillion dollar industry? The government turned that so called "bailout" into a handsome profit. and by obama's view of the world, im referring to his propaganda spewing nonesense about manufacturing and small business being key to reviving the economy and his attack on the american dream (get rich or die trying.)

I don't believe the 'profit' theory for a minute when it comes to the bail out.

Yes, the gov't made a profit, but in the long run it is tearing down the true profit/loss system. If there was no bail out then banks would be forced (by their own incentive) to stop taking such large risks. Instead we have the gov't telling Wallstreet to stop taking risks now.. this will only work for so long.

True capitalism has both winners and losers.. not everyone can win.

Agreed. The loss for Wall Street was Dodd-Frank.

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Nobama88's picture

Unfortunately, I dont see the

Nobama88
     O
 
 
(King Kong, 1,431
 
Points)
  on 2/3/12 at 3:10pm

Unfortunately, I dont see the "numbers" for the economy getting anything but better until after the election.

The Obama Admin will play the numbers so that they are able to get the best numbers down on paper. You are going to be seeing a ton of spending from govts all across the world because there are a bunch who are in election years. This influx of $$ and the play with the #'s will 'prop' up the US Economy to make it look like Obama is doing a fab job. In reality (as we all know here), the economy is in a terrible terrible mess... but the average voter is fucking dumber then a box of rocks.

75% chance Obama takes a 2nd term.

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Anomanderis's picture

Bernankey wrote: Anomanderis

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 3:13pm
Bernankey:
Anomanderis:
Bernankey:

Fuck O'bama's idealistic view of the world. Fuck his praising of small business and manufacturing. This country has two industry powerhouses: Silicon Valley and Wall Street. His administration wants to only have one.

Wall street? The one that got bailed out with seven Trillion of taxpayer money, that's a powerhouse?

Am I missing something here??

And where did you get this Obama's world view from? The Glenn Beck show??

Bailout or no bailout...do you want all of finance to migrate elsewhere along with the multibillion dollar industry? The government turned that so called "bailout" into a handsome profit. and by obama's view of the world, im referring to his propaganda spewing nonesense about manufacturing and small business being key to reviving the economy and his attack on the american dream (get rich or die trying.)

Handsome profit? What are you talking about?? Let's not talk about the banks receiving interest free loans for the government and then turning around and loaning it back to us (yes, us tax payers) for a handsome profit.

At these costs, yes, let them migrate elsewhere. Maybe to China where the executives would by now have been executed for fraud. Or to another western country, let them blow up someone else's economy in my opinion.

You know what would happen if they left? I'll tell you - we would BUILD another industry. Another multi-billion dollar industry, and a new class of wealthy would be created. At the moment, what we have is a "get rich, hand all your wealth to your descendants and stop everyone else from getting rich" culture. You know, the kind that existed with the kings, lords and barons of europe a couple of hundred years ago.

You either believe in a free economy or you don't. At the moment, it's one rule for the rich, one rule for everyone else (both parties are guilty here). The biggest beneficiaries of the welfare state is the wealthy, and big business.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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TheKing's picture

Uhh, the bailout was way more

TheKing
     PE
 
 
(Neanderthal, 3,033
 
Points)
  on 2/3/12 at 3:14pm

Uhh, the bailout was way more than TARP, it totals in the TRILLIONS thanks to secret lending by the Fed. Just take literally 5 minutes to do some research and you'll see that the "handsome profit" is total bullshit.

Beyond that, if you support TARP because it's a "good investment," then I suppose the government should be in the business of central planning. I hope you never in your life complain about investments in Clean Energy companies if you are pro bailout.

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Anomanderis's picture

rothyman wrote: Bernankey

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 3:15pm
rothyman:
Bernankey:
Anomanderis:
Bernankey:

Fuck O'bama's idealistic view of the world. Fuck his praising of small business and manufacturing. This country has two industry powerhouses: Silicon Valley and Wall Street. His administration wants to only have one.

Wall street? The one that got bailed out with seven Trillion of taxpayer money, that's a powerhouse?

Am I missing something here??

And where did you get this Obama's world view from? The Glenn Beck show??

Bailout or no bailout...do you want all of finance to migrate elsewhere along with the multibillion dollar industry? The government turned that so called "bailout" into a handsome profit. and by obama's view of the world, im referring to his propaganda spewing nonesense about manufacturing and small business being key to reviving the economy and his attack on the american dream (get rich or die trying.)

I don't believe the 'profit' theory for a minute when it comes to the bail out.

Yes, the gov't made a profit, but in the long run it is tearing down the true profit/loss system. If there was no bail out then banks would be forced (by their own incentive) to stop taking such large risks. Instead we have the gov't telling Wallstreet to stop taking risks now.. this will only work for so long.

True capitalism has both winners and losers.. not everyone can win.

I second this view.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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TheKing's picture

Btw, this idea that we don't

TheKing
     PE
 
 
(Neanderthal, 3,033
 
Points)
  on 2/3/12 at 3:15pm

Btw, this idea that we don't manufacture is total non-sense. We just don't do the kind of cheap labor shit that requires a ton of cheap manpower.

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Anomanderis's picture

TheKing wrote: Uhh, the

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 3:18pm
TheKing:

Uhh, the bailout was way more than TARP, it totals in the TRILLIONS thanks to secret lending by the Fed. Just take literally 5 minutes to do some research and you'll see that the "handsome profit" is total bullshit.

Beyond that, if you support TARP because it's a "good investment," then I suppose the government should be in the business of central planning. I hope you never in your life complain about investments in Clean Energy companies if you are pro bailout.

Finally someone who knows the real story. 7 Trillion handed to the banks through the backdoor (yeah, the backdoor bailout). Not Tarp, that was "mere" billions.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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TheKing's picture

Don't forget about the AIG

TheKing
     PE
 
 
(Neanderthal, 3,033
 
Points)
  on 2/3/12 at 3:21pm

Don't forget about the AIG bailout which funneled billions to the TBTF banks at 100 cents on the dollar. We're not getting that shit back!

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Anomanderis's picture

TheKing wrote: Don't forget

Anomanderis
     ST
 
(Senior Baboon, 221
 
Points)
  on 2/3/12 at 3:26pm
TheKing:

Don't forget about the AIG bailout which funneled billions to the TBTF banks at 100 cents on the dollar. We're not getting that shit back!

Exactly! And said banks, what did they do with all this free money? Riight, bonuses. Huge ones. And Goldmine was smug enough to claim that they would have survived without Tarp. They wouldn't.

But Rhaegar fought valiantly, Rhaegar fought nobly, Rhaegar fought bravely.

And Rhaegar died.

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heister's picture

LOL, this is gold. Most of

heister
     HF
 
 
(Neanderthal, 2,582
 
Points)
  on 2/3/12 at 3:26pm

LOL, this is gold. Most of you have no idea about business at all. It makes me laugh. Accelerated depreciation, only benefits companies that have money to buy equipment. Obama is killing the American economy in a death by paper cuts manner. There is no one KO punch, its a constant barage of jabs. You guys are set in your policital corners and just love to shit on each other. The fact of the matter is that unemployment numbers are a lie. The recovery is a manufactured lie. Economic activity increasing based on GDP is a lie. Look at it this way, you have 4 to 5% inflation and a 1 to 2% growth in the economy based on GDP do you really think the economy grew by 1 to 2% or did it shrink by 2 to 4%?

Follow the shit your fellow monkeys say @shitWSOsays

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TheKing's picture

heister wrote: LOL, this is

TheKing
     PE
 
 
(Neanderthal, 3,033
 
Points)
  on 2/3/12 at 3:31pm
heister:

LOL, this is gold. Most of you have no idea about business at all. It makes me laugh. Accelerated depreciation, only benefits companies that have money to buy equipment. Obama is killing the American economy in a death by paper cuts manner. There is no one KO punch, its a constant barage of jabs. You guys are set in your policital corners and just love to shit on each other. The fact of the matter is that unemployment numbers are a lie. The recovery is a manufactured lie. Economic activity increasing based on GDP is a lie. Look at it this way, you have 4 to 5% inflation and a 1 to 2% growth in the economy based on GDP do you really think the economy grew by 1 to 2% or did it shrink by 2 to 4%?

Heister...who cares if they already have the money to buy equipment? It helps them make expansionary capex investments and grow, this is what our company did and it's grown since then. This obviously has an effect on the entire supply chain, our company grows and can serve more customers, the companies that make the machines benefit, their suppliers benefit, etc. There is no reason to knock this at all.

Now, how is there a "death by paper cuts" thing going on? I'm not saying you can't make that argument, I just want to understand specifics.

The way I look at it is that the nature of the crisis we went through in 2008 was so destructive, that there aren't any specific policies that could quickly bring the economy back. Entire industries were devastated, and millions of jobs have been automated. People's expectations are way too high.

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heister's picture

TheKing wrote: heister

heister
     HF
 
 
(Neanderthal, 2,582
 
Points)
  on 2/3/12 at 3:36pm
TheKing:
heister:

LOL, this is gold. Most of you have no idea about business at all. It makes me laugh. Accelerated depreciation, only benefits companies that have money to buy equipment. Obama is killing the American economy in a death by paper cuts manner. There is no one KO punch, its a constant barage of jabs. You guys are set in your policital corners and just love to shit on each other. The fact of the matter is that unemployment numbers are a lie. The recovery is a manufactured lie. Economic activity increasing based on GDP is a lie. Look at it this way, you have 4 to 5% inflation and a 1 to 2% growth in the economy based on GDP do you really think the economy grew by 1 to 2% or did it shrink by 2 to 4%?

Heister...who cares if they already have the money to buy equipment? It helps them make expansionary capex investments and grow, this is what our company did and it's grown since then. This obviously has an effect on the entire supply chain, our company grows and can serve more customers, the companies that make the machines benefit, their suppliers benefit, etc. There is no reason to knock this at all.

Now, how is there a "death by paper cuts" thing going on? I'm not saying you can't make that argument, I just want to understand specifics.

The way I look at it is that the nature of the crisis we went through in 2008 was so destructive, that there aren't any specific policies that could quickly bring the economy back. Entire industries were devastated, and millions of jobs have been automated. People's expectations are way too high.

The acclerated dep has done nothing for the small and midsized business of the economy. You are the guy who loves to rave about demand creating economic activity. The only companies that have benefited from the acclerated dep are big companies that have been waiting for the government to do that to in order to upgrade their fleets. I own part of a maufacturing firm that serves the telecom industry. Trust me, I know how this works. The smaller companies were holding us over while the big fleets were holding back purchasing and forcing the governments hand in the deprecation write off.

Follow the shit your fellow monkeys say @shitWSOsays

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PetEng's picture

I don't think Obama's been

PetEng
     O
 
(Senior Orangutan, 494
 
Points)
  on 2/3/12 at 3:37pm

I don't think Obama's been bad for the economy given the amount of political bickering. The deficit spending was almost preordained.

I do have a major problem that he hasn't gotten the long term spending picture for social security and/or medicare under control. If he fixed those issues he would be the best president since Eisenhower most likely.

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TheKing's picture

Heister - Our company does

TheKing
     PE
 
 
(Neanderthal, 3,033
 
Points)
  on 2/3/12 at 3:44pm

Heister -

Our company does about $65M in revenue, it's not some huge powerhouse. There are companies that are technically considered "small businesses" that are larger.

I'm not sure what my argument that "demand creates economic activity" has to do with anything. We wouldn't have bought the machines without a belief that we'd be able to sell more product regardless of the tax incentives. However, that tax incentives are good for cash flow and will help accelerate growth in other initiatives.

Anyway you slice it, I don't see how it was a bad thing.

To follow, can you please give some specifics on the "death by paper cuts" analogy?

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swagon's picture

heister wrote: LOL, this is

swagon
     EN
 
(Neanderthal, 2,871
 
Points)
  on 2/3/12 at 4:06pm
heister:

LOL, this is gold. Most of you have no idea about business at all. It makes me laugh. Accelerated depreciation, only benefits companies that have money to buy equipment. Obama is killing the American economy in a death by paper cuts manner. There is no one KO punch, its a constant barage of jabs. You guys are set in your policital corners and just love to shit on each other. The fact of the matter is that unemployment numbers are a lie. The recovery is a manufactured lie. Economic activity increasing based on GDP is a lie. Look at it this way, you have 4 to 5% inflation and a 1 to 2% growth in the economy based on GDP do you really think the economy grew by 1 to 2% or did it shrink by 2 to 4%?

I didn't think inflation has been that high?

Also, can you expound on how the economy "shrinks" when inflation outpaces real GDP growth? I'm not challenging that, I just would like to hear, more explicitly, what you're saying.

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heister's picture

TheKing wrote: Heister - Our

heister
     HF
 
 
(Neanderthal, 2,582
 
Points)
  on 2/3/12 at 4:08pm
TheKing:

Heister -

Our company does about $65M in revenue, it's not some huge powerhouse. There are companies that are technically considered "small businesses" that are larger.

I'm not sure what my argument that "demand creates economic activity" has to do with anything. We wouldn't have bought the machines without a belief that we'd be able to sell more product regardless of the tax incentives. However, that tax incentives are good for cash flow and will help accelerate growth in other initiatives.

Anyway you slice it, I don't see how it was a bad thing.

To follow, can you please give some specifics on the "death by paper cuts" analogy?

Im just saying that a tax break does not make small and medium sized companies buy capital assets. Large companies will purchase capital assets because of a tax break.

The death by paper cuts example includes things like obama care, new environmental requirements, more regulation, ect ect. Any one of these wouldnt kill most companies but when you combine them they kill growth and in many instances have killed companies. A supplier has been forced to close do to environmental regulations. This has caused us to loose a large margin percentage and forced us to lay people off. The regulation didnt cause direct duress on my company however it caused indirect harm,

Follow the shit your fellow monkeys say @shitWSOsays

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heister's picture

swagon wrote: heister

heister
     HF
 
 
(Neanderthal, 2,582
 
Points)
  on 2/3/12 at 4:11pm
swagon:
heister:

LOL, this is gold. Most of you have no idea about business at all. It makes me laugh. Accelerated depreciation, only benefits companies that have money to buy equipment. Obama is killing the American economy in a death by paper cuts manner. There is no one KO punch, its a constant barage of jabs. You guys are set in your policital corners and just love to shit on each other. The fact of the matter is that unemployment numbers are a lie. The recovery is a manufactured lie. Economic activity increasing based on GDP is a lie. Look at it this way, you have 4 to 5% inflation and a 1 to 2% growth in the economy based on GDP do you really think the economy grew by 1 to 2% or did it shrink by 2 to 4%?

I didn't think inflation has been that high?

Also, can you expound on how the economy "shrinks" when inflation outpaces real GDP growth? I'm not challenging that, I just would like to hear, more explicitly, what you're saying.

Official inflation numbers are lower, they do not include energy and food. My company has seen raw material prices rise close to 10% of the last year and a half. That is just manufacturing materials not transportation.

When infalation out paces GDP growth it is because the economy is shinking in relation to inflation. If the economy was stagnant it would grow at the rate of inflation because prices would track inflation.

Follow the shit your fellow monkeys say @shitWSOsays

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swagon's picture

heister, it seems like you're

swagon
     EN
 
(Neanderthal, 2,871
 
Points)
  on 2/3/12 at 4:29pm

heister, it seems like you're saying 2 things:
1. people are wrong to applaud growth in nominal GDP - they should instead look at real GDP growth...ok I gotcha there
2. But it seems like you're saying inflation is bad in and of itself. Why? Is it because new money supply is not spread evenly around the economy, causing a temporary imbalance between prices and wages?
In other words, as new money is loaned out to businesses, they buy things with the cash, causing prices to increase while nominal wages remain stagnant because wages are stickier than prices? So, wage increases are always one step behind price increases every time the Fed injects more money supply into the system?

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heister's picture

swagon wrote: heister, it

heister
     HF
 
 
(Neanderthal, 2,582
 
Points)
  on 2/3/12 at 4:37pm
swagon:

heister, it seems like you're saying 2 things:
1. people are wrong to applaud growth in nominal GDP - they should instead look at real GDP growth...ok I gotcha there
2. But it seems like you're saying inflation is bad in and of itself. Why? Is it because new money supply is not spread evenly around the economy, causing a temporary imbalance between prices and wages?
In other words, as new money is loaned out to businesses, they buy things with the cash, causing prices to increase while nominal wages remain stagnant because wages are stickier than prices? So, wage increases are always one step behind price increases every time the Fed injects more money supply into the system?

Yes, to both. However the argument I am making is that the decreaing real GDP is draging down the effect that inflation should have on a level economy.

Also it has to do with the devaluation of the dollar and eroding purchasing power. I have not done enough digging to determine exactly what is casuing the inflation and GDP growth. However either cause has the same effect and are both bad for consumers who have fixed wages that do not track inflation. Inflation in of itself is not bad.

Follow the shit your fellow monkeys say @shitWSOsays

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JeffSkilling's picture

PetEng wrote: he would be

JeffSkilling
    
 
(King Kong, 1,978
 
Points)
  on 2/3/12 at 5:04pm
PetEng:

he would be the best president since Eisenhower most likely.

No, just no.

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ScoobyDoobie's picture

Screw Obama or Romney,

ScoobyDoobie
     O
 
(Senior Monkey, 66
 
Points)
  on 2/3/12 at 5:17pm

Screw Obama or Romney, Roseanne Barr Green Party 2012......

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  •  
PetEng's picture

JeffSkilling wrote: PetEng

PetEng
     O
 
(Senior Orangutan, 494
 
Points)
  on 2/3/12 at 5:27pm
JeffSkilling:
PetEng:

he would be the best president since Eisenhower most likely.

No, just no.

Fixing the long term budget deficit situation wouldn't make him the best president since Eisenhower? Which one would be better?

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heister's picture

PetEng wrote: JeffSkilling

heister
     HF
 
 
(Neanderthal, 2,582
 
Points)
  on 2/3/12 at 5:37pm
PetEng:
JeffSkilling:
PetEng:

he would be the best president since Eisenhower most likely.

No, just no.

Fixing the long term budget deficit situation wouldn't make him the best president since Eisenhower? Which one would be better?

You seem to be under the impression that he wants to do this. Ha ha.... ha.

Follow the shit your fellow monkeys say @shitWSOsays

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  •  
PetEng's picture

Where did I say that?

PetEng
     O
 
(Senior Orangutan, 494
 
Points)
  on 2/3/12 at 5:49pm

Where did I say that?

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  •  
Cartwright's picture

It would be a God-send if

Cartwright
     IB
 
 
(King Kong, 1,661
 
Points)
  on 2/3/12 at 6:26pm

It would be a God-send if "the will of the people" wasn't heard. The "people" are the stupidest group of cells ever assembled. Look no further than the House for proof of that.

"It's all ball bearings nowadays." Irwin Fletcher

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