About that economy thing
Job losses may last well into 2010 to hit an unemployment peak close to 11%. That unemployment rate may be sustained for an extended period. [...]How could this happen when Washington has thrown trillions of dollars into the pot, including the famous $787 billion in stimulus spending that was supposed to yield $1.50 in growth for every dollar spent? For a start, too much of the money went to transfer payments such as Medicaid, jobless benefits and the like that do nothing for jobs and growth. The spending that creates new jobs is new spending, particularly on infrastructure. It amounts to less than 10% of the stimulus package today.
Woohoo! And Obama has just done something really unprecedented — a Trillion Dollar deficit. I, for one, want to welcome our new Chinese Overlords.
Not to worry, I’m sure when ObamaCare is enacted we’ll see some of these clinics popping up in order to help struggling families.
LONDON – British conductor Edward Downes, a longtime stalwart at the Royal Opera and maestro of the first-ever performance at Sydney’s iconic Opera House, has died with his wife Joan at an assisted suicide clinic in Switzerland. He was 85 and she was 74.The couple’s children said Tuesday that the couple died “peacefully and under circumstances of their own choosing” on Friday at a Zurich clinic run by the group Dignitas.
Such a brave, new world!
Comment by Chuck on 7/14 @ 8:21 am #
SOYLENT GREEN IS PEOPLE!!
Comment by Joe on 7/14 @ 8:23 am #
Darleen, somehow it must be Sarah Palin’s fault…or George Bush’s. It cannot be Da One’s fault.
Comment by SBP on 7/14 @ 8:24 am #
For a start, too much of the money went to transfer payments such as Medicaid, jobless benefits and the like that do nothing for jobs and growth.
You mean paying people for not working results in fewer people working? C’mon…what kind of fucked up economics is that?
Comment by thegreatsatan on 7/14 @ 8:35 am #
Fuck it, lets go Logans Run and just start offing everyone at 30, or better yet Children of the Corn. Hey Ruth Bader Ginsburg and Obamamessiahs “health czar” are all for liquidating the undesirables.
Comment by LTC John on 7/14 @ 8:42 am #
“clinic”? I always thought that was where you went for treatment to get better? Should be an abbattoir run by the ironically named group ‘Dignitas’ (’cause nothing says “dignity” like killing yourself!).
Comment by Adriane on 7/14 @ 8:55 am #
Logun’s Run had better explosions. And Farah.
Comment by Salt Lick on 7/14 @ 8:56 am #
The spending that creates new jobs..
Quick! Everybody buy a windmill!
Comment by bigbooner on 7/14 @ 9:07 am #
#
Comment by Joe on 7/14 @ 8:23 am #
Darleen, somehow it must be Sarah Palin’s fault…or George Bush’s. It cannot be Da One’s fault.
Speaking of being Sarah Palin’s fault on Al Sharpton’s radio show an idiot called in saying that she thought Palin had something to do with Michael Jackson’s death. If she has that kind of juice she can definitely fuck up the economy.
Comment by Agent W on 7/14 @ 9:12 am #
I’m not sure I get the problem with the assisted suicide piece. According to the article, “”After 54 happy years together, they decided to end their own lives rather than continue to struggle with serious health problems,”. It doesn’t appear as though these were two 30-something’s looking to make a statement.
Having seen two grandparents die within the last year and a half, both of whom had virtually no quality of life and were in constant pain for the past 4-5 years, I can’t understand how a society can’t come to grips with the reality that, at some point, it is more dignified to die under your own terms.
I had to watch my grandmother suffering in agony under hospice care. Just laying there, waiting to die. What is wrong with having the family come in, say they’re last goodbyes, and then having her life ended quickly and painlessly. Is it really necessary to prolong the pain and suffering?
Maybe I’m misreading what everyone is saying.
Comment by sashal on 7/14 @ 9:20 am #
Obama’s fault.
Just 6 months into his term, and he has completely reversed all of the good work done by George W Bush.
We were doing great until this moron came along.
Now, the economy is trashed, the military is stretched thinner than thin, the financial markets are in trouble, the auto industry if screwed up, the building industry is toast, people’s 401Ks are now closer too 200.5Ks (and falling), the stock market is down, Iran hates our guts, North Korea is threatening to bomb Hawai’i, our health care system is out of control, and unemployment is at almost 10%.
George W Bush was a great great president, the country was running along like a Swiss watch for the last 8 years, and all problems are Barack Obama’s fault.
Comment by Silver Whistle on 7/14 @ 9:23 am #
Logun’s Run had the well known plot device of Jenny Agutter getting her kit off. Apart from that…
Comment by SBP on 7/14 @ 9:25 am #
Well, that by itself will cover many, many shortcomings, SW.
In fact, I’d pay money to see “The Best of Jenny Agutter Getting Her Kit Off”. Parts I through IV.
Comment by Silver Whistle on 7/14 @ 9:27 am #
SBP, she only kept her kit on if the plot absolutely demanded it.
Oh, and sashal – do the terms “straw man” and “intellectual dishonesty” mean anything to you? You might want to look them up before shitting on the carpet.
Comment by Neo on 7/14 @ 9:43 am #
I think Obama and his economic team thought that this was merely a “crisis of confidence,” meaning the economy would resume as soon as the feeling of “panic” was abated, so targeting the “stimulus” just was that important. As a matter of fact, I think you could have sold that idea up until GM went into bankruptcy. At that point, the banks had been tested and GM and Chrysler were “dealt with” so the feeling of crisis had abated, but it set the stage for the current situation.
Once there was a feeling that the worst of the crisis was over, the Obama agenda was left there, naked for all to see.
As the weeks have progressed, the unease of the underlying future consequences of the current “cap and trade” (somehow called an energy bill) and Obamacare bills started to suck the oxygen out of the normal recovery process.
The “big lie” was calling it a “Recovery Act” .. it was merely another spending bill, hardly targeted to stimulate the engines of the American economy, but rather the engines of the political agenda.
Obama lied, the economy died.
Comment by Andrew the Noisy on 7/14 @ 10:06 am #
Shorter Sashal – “Hey Everybody, look over here! Remember Bush! GRRR, Bush, right? Bush did it! Bush bush bushy bush! No, over here!”
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Comment by Bob Reed on 7/14 @ 10:18 am #
“I think Obama and his economic team thought that this was merely a “crisis of confidence,” meaning the economy would resume as soon as the feeling of “panic” was abated…”
That’s a pretty good assessment, after all, they knew that the had been talking don the economy for years in order to drive up the chances of a Democrat victory in s008. Coupled with the suspicion of course, based on past history, that Mr. Soros and his pals at the offshore hedge funds had been effectively “shorting” the US economy for some time prior to the election as well, in order to achieve the same results…
I’m sure that O!&Co. felt confident that once he was elected, and the organized market manipulations and economic gainsaying had ceased, that everything would come roaring back to life, and aided by a media only too happy to trumpet the meme of, “happy days are here again”, would be able to take credit for the economic rebound…
But it didn’t quite work out that way. Instead, things had moved past a tipping point and the complete collapse of the US financial and credit markets, a key component in the stock markets vigor and the public’s perception of bottomless wealth availability, drove the macro-economic conditions to a point they couldn’t have ever dreamed of during their disparaging of the Booooooosh! economy…
And so, both they and the rest of us now are in the unenviable position of reaping what we’ve sown…
Mort Zuckerman bears paying attention to especially regarding economic issues. He, like many others not directly involved in supporting Obama’s agenda are predicting another slide in the market and difficult times ahead. The only question I have is, If the media breathlessly talked about Boooosh!’s “jobless recovery” during the last 8 years when unemployment was at historic lows, how will they be able to credibly blame the coming years messes on Booooooosh! also? Especially in light of that twit Robert Gibbs recent pronouncement that this was now Obama’s economy…
Oh, and I like that slogan, “Obama lied, the economy died”, and plan to shamelessly take it up and insert it into my conversations with liberal Democrats as often as possible…
But I’ll at least wait for places in conversation where it’s appropriate, not like, you know, the Kos and Code Pinko crowd…
Comment by B Moe on 7/14 @ 10:18 am #
Obama’s fault.
Just 6 months into his term, and he has increased by a couple of orders of magnitude all of the bad things about George W Bush domestic policy.
FTFY
Comment by Andrew the Noisy on 7/14 @ 10:24 am #
Enh. I’m not certain that it’s entirely fair to say that Obama fucked the economy alone. He inherited a mess. And there’s argument to be made that extending things like unemployment insurance was a needful palliative. But everything else has been the equivalent of pouring gasoline on a fire. BO could have said “let’s hunker down and muddle through. It might be a while, folks.” But he cast himself as SuperPrez, and told us that dropping $800 billion we don’t have would save the day. It didn’t, and now he owns it.
If he had any actual experience running anything that had a bottom line, he would have known about managing expectations. But since he had no executive experience to speak of before being installed in the Oval Office, he’s too busy smelling his own farts.
I miss Bill Clinton.
Comment by Ella on 7/14 @ 10:33 am #
They think unemployment “may” hit 11% next year? Are they smoking crack? We’ll hit 11% in a month or two. I think it’s very likely that this time next year we’ll be past 15%. Look at how very far corporate profits have fallen. (In fact, the only places really posting profits and giving out lavish bonuses are companies
taken overbailed out by the US government.) Employment has a long way to fall when profits are off anywhere from 50% to 90%, and employment is only down about 6% (on top of a 4% baseline).Comment by Ella on 7/14 @ 10:35 am #
Just to point out, Spain is at 17% unemployment, France and Germany around 15-20%, and I think Britain is like 13%. And this is just a global “recession.” It’s not like it can’t happen.
Comment by Ella on 7/14 @ 10:36 am #
Oh, and sashal, I didn’t support Bush’s economics policies one little whit. He finally bit the bullet and became the fascist he was always accused of being. Hats off to him.
Comment by Joe on 7/14 @ 10:38 am #
Darleen, It must be Palin’s fault. Must be, not sure why.
Comment by Barrack Milhouse Obama on 7/14 @ 10:38 am #
How ghetto you think I am, bitch?
Rahmbo, cut us out a couple big fat rails.
Comment by Blind Howling Moonbat on 7/14 @ 10:40 am #
Because we can’t blame everything on Cheney.
Comment by Pablo on 7/14 @ 10:52 am #
No, he didn’t fuck the economy. He fucked the budget, for generations to come. And he’s either lying or stupid when he suggests that his plan is working, or ever will work. And when they say they had bad information, that’s bullshit too. They had this information, and completely ignored it.
Comment by Pablo on 7/14 @ 10:53 am #
Uighur, please.
Comment by B Moe on 7/14 @ 10:54 am #
And he is going to keep on fucking it until someone has sense enough to take away the keys.
Comment by Obstreperous Infidel on 7/14 @ 10:56 am #
Well, B Moe, do not sugar coat for sashal. It’s the foreign policy that sashal “hated” about Bush more than anything. And even here, the hoped for one is keeping all the terrible policies (inlcuding even more MURDERS in Pakistan) that people like Sashal bitched about incessantly under Buuuuuuuushhhhh!!! Let’s face it. To people like Sashal, the only real conclusion to be made so far, is that the hoped for one has been an abyssmal failure.
Comment by JD on 7/14 @ 11:03 am #
sashal is a snivelling whiny bitchy Bolshevik.
Pingback by Obama: Unemployment Will Continue to Rise : Stop The ACLU on 7/14 @ 11:04 am #
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Comment by sdferr on 7/14 @ 11:06 am #
An Iraqi answers sashal’s (and his Arab brethren’s) complaints against Bush’s attacking Saddam: “Thank You America – And Damn You, You Bastards“
Comment by jacitelli on 7/14 @ 11:55 am #
sdfer.
That article should be stapled to every post in the free world.
It was great.
Comment by geoffb on 7/14 @ 12:02 pm #
Michigan Leading the way into our future. Thank you Jenny, Carl, and Debbie. California is running hard to take back their mantle of being the future of the USA.
Comment by Andrew the Noisy on 7/14 @ 12:10 pm #
The trouble with saying that Barack fucked the budget is that the budget is kind of a Hell’s Angels mama – passed around for everybody in Washington to have a go at. Barack is therefore currently enjoying sloppy fourteenths.
Comment by Andrew the Noisy on 7/14 @ 12:11 pm #
That said, of course, he’s really enjoying it, and she might not get up again.
Comment by SDN on 7/14 @ 12:15 pm #
Of course, as this CBO chart makes plain, while the deficit went up right after Bush took office (and the Democrats controlled the Senate even then), the deficits steadily decreased after that (despite the Iraq / Afghanistan war) until FY2007. What happened then? Why, the Democrats took over Congress again.
You know, the part of the government that actually taxes and spends the budget.
Now that O! has the Executive branch and something the Republicans never had, a filibuster proof Senate, notice how the deficits are projected to explode based on the Rats’ proposals? Gee, that whole cause and effect thing is such a bummer.
Was Bush too much compassionate and not enough conservative? You betcha. To really screw things up, though, you need the Copperheads.
Comment by SDN on 7/14 @ 12:18 pm #
Try the link again
Comment by Andrew the Noisy on 7/14 @ 12:21 pm #
Yes, I think that’s right.
Comment by Joe on 7/14 @ 12:30 pm #
Obama does not have to fix the economy, just hold off total meltdown till 2012. Rahm and Axelrod said it would work. Biden was not sure till he was told to shut up, or they would tie him up and gag him.
Comment by geoffb on 7/14 @ 12:39 pm #
Republicans tend to grow both the economy and the budget with the economy growing faster than the budget which shrinks deficits and makes the government a smaller part of the economic pie. This is where the Democrats have a problem with the Republicans and growth. It is not that they wish the government to spend more and tax more, though that is the result, it is that they wish and work to make the government a greater and greater share of the economy.
Everybody always talks about taxes, government spending, and the economy in dollar terms. That is not the important thing. What is important is the percentage relationships. The percent of the total economy that goes to taxes, to government spending, and percent which is government controlled. Increasing that number is the goal for the left. It is what all of Obama’s programs are about. As “psycho…” said on the thor thread.
Comment by mojo on 7/14 @ 1:45 pm #
Now they’re clinically dead.
Comment by peter jackson on 7/14 @ 1:53 pm #
http://www.liberalcapitalist.com/blog/226
Comment by Mikey NTH on 7/14 @ 2:10 pm #
Don’t worry about doing this in clinics! Thanks to good old American Can Do! we will have the death-machines make house calls!
http://www.foxnews.com/story/
0,2933,532492,00.html?test=latestnews
Comment by LTC John on 7/14 @ 3:21 pm #
“the military is stretched thinner than thin”
What? Which military – the Haqqani or AQ? OK then. Based on whee I sit and what I ee, I’d sure need a lot more than your simple assertion of such.
Comment by Bob Reed on 7/14 @ 3:33 pm #
Colonel,
That commenter is simply hallucinating that Obama has declard on NKorea-Perish the thought…
He doesn’t seem to realize that there are plenty of ROK’s to take care of that contingency. We’d probably just be in it for Spec ops, air power, and sub-based nuclear deterrants…
Delusional as usual…
Best Wishes
Comment by Andrew the Noisy on 7/14 @ 4:08 pm #
Sashal is fond of using words without considering their meaning. When he says “the military is stretched thinner than thin,” it’s because he heard someone whose opinion he trusts say so, and he passes it on in good faith. That those words may not mean what he thinks they mean simply has not occurred to him.
Militaries are often stretched by wars. This does not always mean they lose them. The US Army was stretched quite thin in 1777 & 1864, and still managed to triumph. I do not think that our current situation bears any resemblance to that one. I do not think it even bears any resemblance to 1972, either.
Comment by Seth on 7/14 @ 4:53 pm #
The army is stretched thin only to the extent that we have to send people for multiple tours – hardly a novel thing in a time of war – and to the extent that we are somewhat loathe to grow the military by much.
Comment by ginsewa on 7/14 @ 6:27 pm #
Hey! 52!
How’s my ass taste?
48
Comment by lee on 7/14 @ 6:54 pm #
OK, this video proves God exists, and he has a sense of humor.
It’s the timing you see…
Comment by lee on 7/14 @ 6:55 pm #
Oops, video.
Comment by newrouter on 7/14 @ 7:26 pm #
LO!L in Michigan
Comment by Mark A. Flacy on 7/14 @ 7:42 pm #
It was interesting that the linked article had this line…
Yeah. Pull the other one.
I don’t mind the two offing themselves, but you can’t call it an act of bravery.
Comment by Obstreperous Infidel on 7/14 @ 8:39 pm #
Exactly, Mark. I just took a dump. I was brave in my actions, too. Honor me. Please.
Comment by newrouter on 7/14 @ 8:55 pm #
proggs are brave to believe and act on their own bs
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[...] (Via Darleen Click.) [...]
Comment by tony0506@yahoo.com on 7/19 @ 3:26 pm #
I know this has nothing to do with the post… NE ways, Obama is a socialist. The only way socialism can ever succeed is if it kills poor, black and hispanic babies. That is why abortion needs to continue to be legal. So that the socialist government of Obama won’t have to support the poor with welfare and other government aid. Imagine this, if our taxes had to support millions upon millions of poor black and hispanic people – the government would go bankrupt… Everyone wants to live longer and people want to do this at all costs – even killing babies. Genocide of the poor and the weak – that’s the Obama story. He’s the Black Hero… Why do liberals and socialists talk about population control and yet want all these drugs and health care privilages for everyone to live longer? Talk about irony. If you liberals and socialists want to control population, then be the first to die! Why fund health care? Maybe it’s because of your selfishness and carelessness for your fellow man??? LOL! How ironic!