Kat_Mo on August 8, 2008 at 2:43 AM

Please do not confuse Alphie with the facts…

Clinton took the Bush recovery and killed it.

As to what has caused the economy to slow, perhaps you haven’t noticed, but Democratic policies have caused oil to spike from $30/barrel to over $100.

With unemployment at record highs

Since when is 5.7 a record high? This is only a tad above the average for the Clinton years. During Carter’s term it broke 12%. Back when Roosevelt was in office, he drove it up to 25%.

Wasn’t too long ago that economists were telling us that 6% was full employment and you couldn’t get unemployment levels below that.

1) Price of gasoline and other energy resources go up
2) Cost of heating, cooling, delivering raw materials, supplies and equipment, making supplies and equipment, buying supplies and equipment goes up.
3) Dollar decreases, other companies go bankrupt or write down debt, companies owed money cannot collect monies due
4) Profit margin goes down
5) Cash flow decreases
6) Corporations look to decrease highest cost ledger items and that, in 80% or more of companies is…drum roll, please…labor costs.

Say hello to unemployment. Check the increasing unemployment rate for the last six months against the increasing cost of gasoline, energy etc. In other words, inflation is bad for the economy and bad for employment.

When did oil start it’s quadruple inflationary rise? 2006. The year the democrats won congress. When did job creation begin to slip? 2006, right after the Democrats won congress. Why? Because they immediately began to threaten not to renew Bush’s tax cuts and even threatened to increase taxes on businesses and individuals. The natural reaction of any company, seeing the probability of a Democrat president with a Democrat majority congress that will be able to raid these corporations and raise taxes, is to start writing down their bad debts and reduce the value of their receivables against future taxation. Cheaper in the long run against falling into a much higher tax bracket.

We’re talking about companies that might average 14 to 18% profit margins. Typically, that’s enough to pay off current debts, improve technology, expand a little, increase employee wages, buy more products, supplies, materials, etc that puts money into the economy. Now, raise that tax by 4% to 36% or higher and companies are making 10 to 14% profit margin. That is no longer a supportable cushion in many cases, especially if you imagine needing technology upgrades or experiencing an emergency. there will certainly be limited expansion which limits job creation and will very likely result in a second look at that largest bottom line eater: labor.

So, while you’re blaming Bush, alphie, keep cheer leading for more taxes and higher energy costs. At least, you won’t be forced to confront the reality of those policies. You can stick your fingers in your ears and chant “la-la-la” all the way to the bread line.

aero on August 7, 2008 at 8:34 PM

Thanks Very much!

news flash for alphi the ignorant

http://www.anwr.org/Video/View-our-ANWR-Flash-Movie.php

Jobs created by drilling in anwr

Oh. and he [Bill Clinton] paid down the debt on his watch, too.

alphie on August 7, 2008 at 6:41 PM

And here I thought Congress set the budget… unless you’re saying that he personally paid it down.

IS anyone keeping a running list on the Representatives who are actually taking part in this?

LegendHasIt on August 7, 2008 at 8:25 PM

Here’s today’s list of participants in DC. Note, however, that participants are taking turns and rotating out. Some are in their districts spreading the word while others are in DC. My rep was there on day one and early this week but has apparently left now. He’s not on today’s list.

But you’re asking for a cumulative list, aren’t you? I don’t know if they’re keeping a running list or not. If they’re not, we should ask them to publish one.

I’d like to have such a list handy when it comes time to write some more checks for congressional campaigns, and I don’t have the time and energy to make the list myself.

Oh. and he paid down the debt on his watch, too.

Just sayin’

alphie on August 7, 2008 at 6:41 PM

He did? With what, his Chinese campaign contributions?

LMAO.

…Maybe that will wake the idiots.

Wake them? The idiots will have yet another orgasm, ever-hopeful that the full economic destruction of the USA will enable frauds like Obama to usher in their Socialist utopia.

In this glorious new realm everything will finally be “fair and equal”; the $300K/yr. industrial equipment salesman will stand in a bread line (for a handout) right next to a fellow komrade that used to work in a fast-food restaurant for $16K/yr.

Yesssir, everything will finally be made fair – that’s the reason Obama gave for wanting a near doubling the capital gains tax, even though history shows doing that reduces tax revenues to the federal coffer.

Aug. 7 (Bloomberg) — U.S. consumers borrowed more than twice as much as economists forecast in June as a decline in home equity forced Americans to fund purchases with credit cards and other loans.

Consumer credit rose by $14.3 billion, the most since November, to $2.59 trillion, the Federal Reserve said today in Washington. In May, credit rose by $8.1 billion, previously reported as an increase of $7.8 billion. The Fed’s report doesn’t cover borrowing secured by real estate.

Consumers are using credit cards and loans to cover expenses as falling home values cause banks to restrict access to home- equity lines. The Bush administration sent out tax rebate checks in the past three months to help support spending, which accounts for more than two-thirds of the economy.

”This is definitely showing some level of spending activity on the part of the consumer following the fiscal stimulus bounce,” said Maxwell Clarke, chief U.S. economist at IDEAGlobal Inc. in New York. ”The impact of the stimulus has put our problems off for tomorrow.”

alphie on August 7, 2008 at 6:26 PM

High gasolene prices have nothing to do with spending either, does it?