And we are following shortly…I still can’t believe half the country of retarded citizens elected this walking failure of a president…

jimver on November 15, 2012 at 11:59 AM

Not much different than the majority of the voters in these European countries and, I fear, the same results for us.

To paraphrase Marshal Petain on the fall of France in 1940, “This is the result of 20 years of Marxism.”

Maybey that 2012 mayan calendar thing wasn’t actually a load of BS?

Mord on November 15, 2012 at 10:41 AM

I think their dates were off by a couple of weeks. The actual End of the World was November 6, 2012. /sarc

Your claims are not fact. Stimulus was/is a way to shovel taxpayer money into a black hole.

First of all the stimulus helped the states to avoid massive lay offs of Police, Firefighters and Teachers. Secondly you do know that 2/3 of the stimulus were tax cuts, right? so you’re saying tax cuts do not stimulate the economy? Glad we’ve cleared that up.
I agree the only problem with the stimulus was it went mostly to tax cuts instead of projects like roads, bridges and railroads.

Salahuddin on November 15, 2012 at 2:28 PM

Name the wealth that state government produce please.

All of those programs are over staffed and even more so over paid.

Police, firefighters and Teachers.

The police have enumerable numbers of desk jobs that are way over paid, comparable to street cops who risk their lives… Time to cut back.

The firefighters while nice at the current levels are more than is needed.

The teachers, there are now more non teaching teachers on payroll and their pay higher than there are actual teaching teachers. Plenty of fat there to get rid of.

Yeah, tax cuts were not the major aspect. Payouts to states and individuals was. The road, bridges and so forth amounted to something less than 5% of all stimuless spending. Spelling is as I intend it. LESS.

If you pay people to not work, they will not work. It is as simple as that. If they have to, they can sell oranges on street corners, illegal aliens seem to do just fine doing that. In fact, the welfare state is the whole reason there are any jobs Americans will not take.

What is it with the EU and trying to get some ‘perfect’ mix of male and females. They try and control everythig…

Patriot Vet on November 15, 2012 at 12:11 PM

You probably have not heard of the new “Disparate Impact” regulations coming down through Holder. The idea is that you no longer can employ who you want. You are a cog, a drone, a pleb in the great Social/Redistributive Machine. It you don’t employ enough blacks/Minorities then you will be punished or shutdown. Every advancement decision will have consequences, every other unpromoted person in your company (except Whites) will have the ability to sue you for “Disparate Impact”. You Company is not yours, cuz “You didn’t build that”.

L.I.B.

Stimulus is stimuless. While it may have helped, if done right, temporarily, Obama used it to pay off his cronies and thus it did almost nothing to promote growth.
astonerii on November 15, 2012 at 2:03 PM

First of all the stimulus helped the states to avoid massive lay offs of Police, Firefighters and Teachers. Secondly you do know that 2/3 of the stimulus were tax cuts, right? so you’re saying tax cuts do not stimulate the economy? Glad we’ve cleared that up.
I agree the only problem with the stimulus was it went mostly to tax cuts instead of projects like roads, bridges and railroads.

Are these ppl for real??!! If it weren’t for the stimulus, if it weren’t for President Obama, our GDP growth would be negative, and our unemployment rates would have skyrocketed. Austerity doesn’t work when you’re recovering from a recession. You do austerity when the economy is strong and fully recovered. If the right-wing knuckleheads in the congress got their way in 2011, our economy would have been back into a recession by now. The funny thing is you guys are the first people who are complaining about the sequestration, saying it kills jobs and our economy will suffer! So which one is it?

Salahuddin on November 15, 2012 at 1:46 PM

You do not even remotely understand the words you use, let alone the economic impact of the policies Obama has implemented.

Stimulus is stimuless. While it may have helped, if done right, temporarily, Obama used it to pay off his cronies and thus it did almost nothing to promote growth. Thus it did very little to stimulate anything, in fact the only items that it certainly did stimulate were states reallocating stimuless money to projects they were paying for initially to cut their budget deficits and companies were stimulated to go into cash accumulation mode as they know the policy was going to damage their future earnings in both sales, inflation and increased taxes. That there is always the problem, that money was not wealth sidelined, it comes out of the future’s productivity in the form of inflation and higher taxes. Thus, why even done right it only works temporarily.

I should have invested in gold when my mom told me to!

Austerity measures consist of raising the VAT by 2%, raising assorted other taxes, and reducing the amount of tax money that is spent on the natives: the old, the infirm, etc.

Meanwhile they keep on shoveling bucketloads of money across the border. Wouldn’t want the Greeks or the Syrian refugees or the Brussels Maffia to suffer, now would we?

Our economy shrank unexpectedly…

The two leading economies both managed 0.2 percent growth in the July-to-September period.

But the resilience could not save the austerity-hit 17-nation bloc from overall contraction as the likes of The Netherlands, Spain, Italy and Austria shrank.

……..0.2 percent is “resilient” ?????
Wow…talk about the bar being set low.

…and the depressing aspect of this is that millions of Americans just voted for this while claiming how dam# smart they are.

You just can’t fix stupid.

The European Commission proposed a quota system for more women on large EU firms’ boards, a measure several members and even women find objectionable.

BRUSSELS — Companies listed in EU countries could be forced to have more women on their boards,with a target of 40 percent by 2020, under rules proposed by the European Commission Wednesday.

But states are divided on whether positive discrimination or pan-European rules are necessary, and some such as Britain have said they would oppose a legally binding target.

The rules would apply to the non-executive boards of publicly traded companies with more than 250 staff members, where the commission estimates women account for fewer than 15 percent of positions.

“Priority shall be given to the candidate of the under-represented sex if that candidate is equally qualified as the candidate of the other sex,” a commission statement said.

What is it with the EU and trying to get some ‘perfect’ mix of male and females. They try and control everythig…

My “any bad news” mantra for the next four years.

Maybey that 2012 mayan calendar thing wasn’t actually a load of BS?

Mord on November 15, 2012 at 10:41 AM

Kinda debunked…

When fully 40% of the economy is government there is no way the economy can shrink that much in 4 years. You might lose that much in the stock market, but GDP can shrink probably south of 15% at most in 4 years. That is so long as the FED keeps inflation under control, the fed will never allow deflation to occur.

astonerii on November 15, 2012 at 10:54 AM

I remember in the last week or so being “schooled” by s0bo7 (or something like that) on how pathetic my stock market arguments were. My observations included the Oct 2008 drop in the Dow as it was becoming more likely that bho was going to win. This year, the market was stable (not so volatile) leading up to the election because everyone was saying how it was going to be so close. Since bho won last Tuesday, the market is “correcting” itself.
I’m sure the fiscal cliff is part of the response, but I place that on bho’s shoulders. He inherited that crap from the previous administration.

I’m not looking forward to working into my eighties because of these evil idiots. I didn’t think it possible, but my loathing grows.

when the government right now accounts for 6.4 trillion a year.

astonerii on November 15, 2012 at 11:06 AM

Government is overhead. They only have what has been taxed or borrowed on the public’s credit. Mishandle that and inflation or deflation comes. Right now they are hiding inflation but that only works so long. Carter is likely to be a cakewalk in the end. That was 22% annually. They said less (18%) but I was there and know better. One example is that I had leased an expensive piece of equipment on a fixed rate just before inflation really kicked in. By the time the lease was up and we paid it out the lender had effectively paid me to take their money.

Yes, but what if One World Economy will also be Keynesian?

Archivarix on November 15, 2012 at 11:25 AM

That’s there game plan.

Ohlawnd was the final straw, his administration is everything anyone with to brain cells to rub together knew it would be, unmitigated disaster, just like Obama’s will be, two peas in a pod.

Most liberals aren’t evil, but the liberal-ism that infects them and harms all of us, that is evil.

I dunno about you, but I am converting my variable interest rate credit card debt into fixed rate, and then paying that down as slowly as I can.
astonerii on November 15, 2012 at 11:08 AM

.
Who knew that carrying debt would be the less riskier path to take.

I feel deflated, and Greek.

Don’t kid yourselves.
This is good news for the Obamunist.

We compete with Europe. Period.
We compete less with the Ahole azzclown Hussein in the WH for sure.
But… we still compete with Europe.

The worse they do, the better it is for the USSA.
This is good news for our economy- eff the currency manipulators.

Global Economy..sure..
At the end of the day,…..It still is about who sells/buys the most stuff.

FlaMurph on November 15, 2012 at 11:08 AM

I wouldn’t have put it quite that way, but yeah. Capital and investment needs to go somewhere, even in limited amounts. With Europe (and S. America) struggling due to advanced Progressivism the USA is still a better option at this point.

Get ready for the One World Economy and One World Currency.

plutorocks on November 15, 2012 at 11:21 AM

Yes, but what if One World Economy will also be Keynesian?