September 28, 2010

I'll take "January 2007" for 6.8 million, Alex [motionview]

In answer to any question about the economy and the 2010 election, Democratic candidates always seek to frame the debate in terms of when Barack Obama took office, not when Pelosi and Reid took office; and further that the entire economic mess was inherited from Bush.

The economic numbers framed from this start date selection are the least bad for the Democrats. Barack Obama is not running in 2010. The question in 2010 is over control of the House and Senate. When Democrats took control of those two institutions in January 2007, the S&P 500 was at 1300 on 3 years of positive growth; the annual deficit was 2% of GDP and had been decreasing for the previous 3 years, and unemployment was at 4.9%, and had not been above 6.5% since the last time Democrats controlled the House in 1994. Over the next 3 years of Democrat Congressional rule, the budget deficit soared to more than 10% of GDP, unemployment went straight up to 10.5% and has stayed above 9.5%, and the S&P500 is down to 1100.

The idea of Obama, of complete progressive governance, initiated the recession. With Dems already in control of the House and Senate, by Fall 2007 it is pretty abundantly clear that Dems would win big in 2008, with a fat majority in the House, maybe 60 in the Senate, and Hillary Clinton or Barack Obama in the White House. As an investor in late 2007, you ask yourself “What will Democrats, Progressive Democrats, do when they control everything?”. Even as you phrase the question you begin to limit your American exposure. Because the answer is exactly what the Democrats have done: spend, borrow, tax, regulate, promote unions, demonize business, introduce massive amounts of fear, uncertainty, and doubt into the market. Not an environment in which you want to lend money, and the credit markets began their deterioration. Nothing to do with lax regulation, Bush tax cuts, Darth Cheney, evil Republican greed unicorns, whatever. This is a “correct” market anticipation of and response to Democrat governance: a crisis of confidence in our ability to tax our descendents to pay all of our debts, in order to redistribute wealth now from America at large to Democrat interest groups – unions.

Do not accept the statists framing in this time selection – The report card for November 2010 begins in January 2007, and the grade is a big fat F. This is the Progressive’s Recession: the Democrat/Grievance Industry GSE’s planted the seeds of the disruption, the potential of Dem WH/Senate/House control started the recession, and the actuality of Pelosi/Obama/Reid, living down to expectations, is stalling any recovery.

21.4 million new jobs created during a Republican House 1994-2006; Democrats have lost 6.8 Million jobs since taking power in Jan 2007.

US Bureau Labor Statistics Series ID: LNS12000000, Seasonally adjusted employment
Jan 1995, 124,663,000 employed Americans
Jan 2007, 146,032,000 employed Americans
Aug 2010, 139,250,000 employed Americans

Anticipated objection: On economic stuff we always count from the presidencies.
Answer: Yes, I understand those MFM boys are scrupulously objective in these matters.

Posted by Jeff G. @ 4:52pm
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Comments (0)

  1. The MFM won’t get anywhere near this. It does not fit with Teh Narrative.

  2. when i get my radiation from the
    tv land/ and the democrats say’ 8 years of bush blah blah”
    i pulll my- hair out!
    democrats have been in- charge/
    since 07/ thats when the poop got lubed/ why flucking repubic hairs don’t hammer this point is beyond me
    bills get drawn up and funded in da house?
    then sent in da senate/ for the cool saucer of delibrrration
    then nixed by veto?
    am i retarted?
    so every repuke -ee-dook\
    should say on tv/ hey/ dems have been in charge since 07-
    but they pussy out!
    hem and haw ’bouts- get along lil doggie..
    assholes!
    im active!
    but i might need medicine…
    why is my side- for what it is- so gentle/passive?
    bjork would cut u on a bet

  3. The left, both the political and media versions, is aware that there is an internet now, right?

    I hear you say yes, but are you sure?

    What, specifically, in leftist behavior causes you to believe that they are aware that there is an alternative to the liberal pablum they serve to each other?

  4. was at 1300 on. . .is down to 1100.

    i think you are missing a zero or an O! ymmv

  5. S&P 500 not Dow.

  6. What, specifically, in leftist behavior causes you to believe that they are aware that there is an alternative

    They are aware.

  7. oh noes skynet

  8. S&P 500 not Dow

    me be stupid

  9. Whenever Wall Street gets in the business of selling nothing (junk bonds, dot-com stocks, credit default swaps), I always wonder what it is that makes the bubble burst. This is as likely an explanation as any.

  10. Wall Street gets in the business of selling nothing

    that be algore’s main biz

  11. alex trebeck is a canuck…
    with a big knot tie..
    condesending in a way…
    bjorks haunches are spring loaded/ death from above..
    as she eats fritos
    and laffs at u human drecks..
    final jeapordy!/ as she crunches the bag
    pauses/ and swoops!..
    death from above!
    it’s painless/ and/ hey
    ur on u tube!
    war porn!
    u live forever..
    like in the shining..
    forever and ever/ and ever..

  12. Oh, it begins before then, Jeff ole bean. It began when Obama the crusading community activist was suing banks to force them to issue loans to guaranteed deadbeatds. It began when Chris Dodd and Barney Frank began screwing with the FDIC and Fannie/Freddie to force the issue of more junk paper, arrogantly ignoring every warning and call for restraint. It began when the GOP leadership didn’t have the balls to rein them in.

  13. This MFM acronym used here confounds me. I can resolve it several ways for media, but the only reasonable way in context also includes a bad word, and Mommy told me not to use bad words, you bitches. Does the first ‘m’ stand for “mother’?

  14. This MFM acronym used here confounds me.

    oh ease up: the f stands for cupcakes. they have fabulous cupcakes with sprinkles

  15. HIGH ALERT: NEW ‘TERROR THREAT’

    Authorities warn that the Reichstag is in grave danger of “being set on fire” intentionally to advance the fading cause of International Socialism.

    Threat Level set at (D) for ‘Diversion’.

  16. Using the guliver too much like maybe. Giving out orders and suchlike.

    You sure the pain is gone? You sure you might be happier back in bed?

  17. The idea of Obama, of complete progressive governance, initiated the recession.

    Link. Please.

  18. an oil shock is probably the most important thingy what preceded the recession – and of course even the simpering cocksucking coward that Team R nominated for the presidency in 2008 had a strong record of opposing oil drillings

  19. Using the guliver too much like maybe. Giving out orders and suchlike.

    You sure the pain is gone? You sure you might be happier back in bed?

    It figures that of all droogs dressed in the heighth of fashion, Dim would be the one you quote, my mindless, grinning bulldog.

    Come and get one in the yarbles. If you have any yarbles, you eunuch jelly, thou.

  20. Try this one, Ultimate moron; I already challenged you with it once, to no response. Copperhead Congresses cause recessions.

  21. complete progressive governance, initiated the recession.

    Link. Please.

    There is a long standing record of the results of complete progressive governance. *

  22. 13.Comment by great mencken’s ghost! on 9/28 @ 6:31 pm #
    Oh, it begins before then, Jeff ole bean. It began when Obama the crusading community activist was suing banks to force them to issue loans to guaranteed deadbeatds. It began when Chris Dodd and Barney Frank began screwing with the FDIC and Fannie/Freddie to force the issue of more junk paper, arrogantly ignoring every warning and call for restraint. It began when the GOP leadership didn’t have the balls to rein them in.

    Methinks it’s not that the GOP leadership lack the balls to rein in unrestrained government, but rather that they want a chance to tag off and take their turn rolling naked in the biggest pile of money the world has ever seen. Meanwhile, it’s “qu’ils mangent de la brioche!” And it’s funny how much brioche looks like cupcakes.

  23. - It’s Woodrow Wilson’s fault!

    – Hey, if they’re so desperate they have no choice but to try to BS and hang this on Boooooosh, they may as well go all the way, right?

    – Sorry tree Progs. Two bites at the apple is all you get. Now you’re all facing your worst nightmare……

    W O R K…..Oh noes…..eleventy!!!111one!!111!!

  24. “We looked at each other briefly, then went on about our business.”

    – Proving even a Copperhead can’t stand the company of one of it’s own.

  25. Hush, meya. Your act is way beyond tired.

  26. which sweeping Socialist legislation did Bush sign into law after 2006?

    tarp beclowned

  27. that just proves you can’t multitask for shit whilst picking blackberries

  28. - It’s Woodrow Wilson’s fault!

    I hate that guy.

  29. As long as I have been politically active, to be Republican meant that I was racist, homophobic, hate filled, and too stupid to wear foot gear with laces.

    Over the years I observed that my standard of living, the fortunes of the nation, and the general direction of freedom (ascending/declining) generally rose when conservative fiscal policy and strong horse diplomacy was the soup o’ that particular day.

    Republicans have always won majorities running as conservatives. Once again, in my lifetime… and then pissed away their mandate by being Democrat plantation managers, except without the fawning press coverage.

    I’m fifty next spring. I won’t see Social Security, and my 401K is more like a 101 nothing these days. I’m going to the polls in November, and I’ll vote Republican.

    But I’m past Santa Claus. We need men and women to do some heavy damned lifting. We are way, way beyond parties now.

  30. - Bumbblefuck said today….”If you all pick up the ball and go home it will prove you were never serious in the first place…”

    – He thought they were serious? Is he serious?

  31. Isn’t picking up the ball, stomping their feet, and going home exactly what Congress is planning on doing until after the elections?

  32. - The Dems just can’t make a move these days without stepping in another steaming pile.

    – The only bill anyone in America really wanted, and they punt just because they wanted to throw the remaining base they have left a bone, and its a phony bone at that because, one way or another, it will be voted in.

  33. That you, troll, would call others a liar is remarkable, breath taking in its audacity.

  34. - The Left do lying right…..they don’t even stop to take a breath!

  35. That there was a bipartisan loan.

    yes the ruling class suxs

  36. The MFM won’t get anywhere near this. It does not fit with Teh Narrative.
    What I don’t understand is why the Republicans accept this framing. They need to stand up and say, Barack Obama likes this bus analogy – let’s clarify. After Nancy and Harry took over as pit crew, the smart rich people saw President Urkel was the next scheduled driver and got off the bus. The Brain Trust then tried to run the bus on unicorn farts, and the smart rich people have been vindicated. They are not getting back on the bus until we get a crew change.

  37. The idea of Obama, of complete progressive governance, initiated the recession.
    Link. Please

    The argument is being made here. Markets are predictive. Generally, people managing really large quantities of money are smart and predictive, and understand that elections have consequences. And of course progressive economics prolongs recessions or depressions.

  38. - You didn’t really expect the trolls to notice did you?

  39. - A half dozen comments later and the troll(s) has yet to discuss the post.

    – And this is news why?

  40. I have a little earnestness problem.

  41. I have a little earnestness problem.

    I thought that was my gig.

  42. “Exorcist III”

    (Seems every party has its share of witches.

    *Warning: NSF insomniacs*

  43. It’s the importance of being Ernst!

    Oh, wrong play.

  44. I’ll cop to being a little bit Bumbryist.

  45. Here’s another predictive thought for you:

    Obama controls the Fed. His flying monkeys over there have been dumping money (our money) into the market to trigger the algorithms and buoy this current “rally”.

    When, and Obama now knows it is “when”, Congress is controlled by the Republicans, Ben and Timmy will pull the plug on the fake rally, the bubble will burst, 401k’s will plummet and then “You….uh…see what…….uhh……….happens when you put the………uh……car…..uh……in R?”

  46. He also has yet to address my point or the chart. Quelle surprise.

    Moron: Bush, even with a RINO controlled Congress, was cutting the deficit. When Copperheads took over the Congress, which controls spending, the deficit skyrocketed for NO result… except more unemployment and less growth. The economy went into recession while Copperheads were in charge. Q.E.D.

    I met an actual copperhead once whilst picking blackberries. We looked at each other briefly, then went on about our business.

    Scaly Copperheads ain’t cannibals, I guess. Your kind prefers to eat its’ young.

  47. Obama inherited this from Bush.

    And FDR inherited from Hoover.
    And Truman from FDR.
    And Eisenhower from Truman.

    Only they didn’t inherit, they actively sought out the position (well, Truman put himself in harms way, so to speak). If you can’t stand the heat, Mr. Obama, get out of the kitchen.

    You’re doin’ a heck of a job, Baracky! (Whining, that is.)

  48. Obama controls the Fed.

    That had better not be true. I can’t think of a worse better scenario for turning Ron Paul into the sanest Voice of Reason in America than the one you describe.

  49. That had better not be true.

    It would be better if it weren’t.

  50. That had better not be true.

    It would be better if it weren’t.

    People with similar objectives can work together to an end without one controlling the other. Birds of a feather…

  51. Point taken geoffb, but remember, Obama is a Messianic genius who can hip-MO-tize anyone into doing his will.

    He’s that bree-yunt.

  52. Well he is certainly quite motivational.

  53. Who could possibly like this guy? He’s a total d-bag. I don’t hang out with d-bags, I don’t want to hear from d-bags, I don’t trust d-bags. Yet he is “personally popular”. Is that like Kim Jong Il is a scratch golfer?

  54. I am a d-bag.

  55. What’s the d stand for JD?

  56. Pingback: Roadmap [motionview]

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