Green Room

How Long Can The Left Continue To Defy Economic Gravity?

posted at 3:20 pm on November 16, 2012 by

AP, you saw who is really to blame for Hostess closing up shop, or shops, and ending 18,000 jobs, right? Mitt Romney

No, it’s not the liabilities swamping assets. It’s not declining sales in a flat economy where junk food is a luxury. It’s not an untenable position with their union contract and unfunded pension liabilities. None of that has anything to do with it, according to AFL-CIO boss Richard Trumpka. He says:

What’s happening with Hostess Brands is a microcosm of what’s wrong with America, as Bain-style Wall Street vultures make themselves rich by making America poor. Crony capitalism and consistently poor management drove Hostess into the ground, but its workers are paying the price.

Old and busted: Venture capitalists. New Hotness: Raising taxes on job creators and blaming them when the expected job losses flow.

How long before a new network reality show hits your television showing the new and improved IRS raiding the corporate raiders? Just think of the ratings bonanza during sweeps when Raiding the Raiders invades the set of The Shark Tank. Epic.

Recently in the Green Room:

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Well they managed to defy it past Election Day. But I don’t think they can buy themselves another 4 years.

Doughboy on November 16, 2012 at 3:27 PM

Make money by bankrupting companies? The only way to make money from a bankrupt company is by getting a federal payout – like say Solyndra.

gwelf on November 16, 2012 at 3:31 PM

Where can I learn to make vasts amount of money going bankrupt? As I understand it it goes roughly like this:
1. Buy or own a failing company with lots of debts and obligations and dwindling revenue
2. ????
3. Profit!

gwelf on November 16, 2012 at 3:32 PM

Never mind the fact that the owners of Hostess are HUGE libs who have supported Democrats.

Norwegian on November 16, 2012 at 3:37 PM

Where can I learn to make vasts amount of money going bankrupt? As I understand it it goes roughly like this:

1. Buy or own a failing company with lots of debts and obligations and dwindling revenue
2. ????
3. Profit!

gwelf on November 16, 2012 at 3:32 PM

Yep. Obama ran on that and won. Democrats’ low opinion of voter intelligence paid off.

forest on November 16, 2012 at 3:44 PM

Never mind the fact that the owners of Hostess are HUGE libs who have supported Democrats.

Norwegian on November 16, 2012 at 3:37 PM

is that an example of win/win?

or 2 birds with one stone?

i am so confused…..

Dr. Demento on November 16, 2012 at 3:47 PM

Well they managed to defy it past Election Day. But I don’t think they can buy themselves another 4 years.

Nope. And the media can only cover it up for so long.

Bob's Kid on November 16, 2012 at 3:47 PM

How Long Can The Left Continue To Defy Economic Gravity?

For as long as the GOP conveys the vibe to the public that its main concern is the welfare of CEOs rather than the people they employ.

Stoic Patriot on November 16, 2012 at 3:47 PM

Rendezvous With Disaster

M2RB: Molly Hatchet

Resist We Much on November 16, 2012 at 3:50 PM

The problem is that, Hispanics and African Americans, don’t seem to vote on economic issues. African Americans, well, especially with this President they vote on identity. Hispanics, well they don’t vote the way they do for a singular reason, but those reasons do make them somewhat of a challenge.

If the vote had been primarily made up of Caucasians, the outcome would’ve been very different, as Obama only grabbed 38% of that vote.

The problem is, that certain racial demographics vote in block or at least close to in blocks. If it weren’t for this habit we’d still have landslide elections where the whole country turned red or blue, and places like California and New York would still be competitive swing states.

Fact of the matter is, that there are two ways to deal with demographic shifts in America. Either Caucasians vote in block, or the Republican Party finds a way to peel off enough minority voters from the block.

Of the two, the later option is more palatable. Frankly, I don’t think block voting is healthy for a democracy, particularly when its happening along racial lines.

Heck knows how we accomplish this however.

WolvenOne on November 16, 2012 at 3:56 PM

Around 70 years. That’s how long the USSR lasted.

Punchenko on November 16, 2012 at 3:57 PM

Emmanuel Goldstein thy name is the GOP.

txmomof6 on November 16, 2012 at 4:11 PM

How Long Can The Left Continue To Defy Economic Gravity?

Well since everything that goes wrong will be the fault of the Jews of the Weimar Republic of Germany… I mean the conservatives of this country (I can’t keep the two straight as of late) this will go on for a very long time.
Let’s see, how long did Greece do it?
Oh and as it blows up in their face, look for that old Weimar republic feeling yourself. Call’em on their facism? You might just get a gold star.

onomo on November 16, 2012 at 4:21 PM

The problem is that, Hispanics and African Americans, don’t seem to vote on economic issues. African Americans, well, especially with this President they vote on identity. Hispanics, well they don’t vote the way they do for a singular reason, but those reasons do make them somewhat of a challenge.

If the vote had been primarily made up of Caucasians, the outcome would’ve been very different, as Obama only grabbed 38% of that vote.

The problem is, that certain racial demographics vote in block or at least close to in blocks. If it weren’t for this habit we’d still have landslide elections where the whole country turned red or blue, and places like California and New York would still be competitive swing states.

Fact of the matter is, that there are two ways to deal with demographic shifts in America. Either Caucasians vote in block, or the Republican Party finds a way to peel off enough minority voters from the block.

Of the two, the later option is more palatable. Frankly, I don’t think block voting is healthy for a democracy, particularly when its happening along racial lines.

Heck knows how we accomplish this however.

WolvenOne on November 16, 2012 at 3:56 PM

90% of blacks vote for the WELFARE STATE and at least 50% of Hispanics do so… For the the WELFARE STATE is the ultimate economic issue…

mnjg on November 16, 2012 at 4:45 PM

WolvenOne on November 16, 2012 at 3:56 PM

Good theory. Just explain Iowa and New Hampshire to me.

steel guy on November 16, 2012 at 4:52 PM

Rahm wondered the same thing about Obama’s approval ratings for the last four years.

As long as Obama can borrow money to ease the real economic pain while blaming the rich for the bad economy…well… there’s no such thing as gravity.

SAMinVA on November 16, 2012 at 5:01 PM

Largest coal seam in the country just announced lay-offs today. PRB

http://www.sheridanmedia.com/news/sheridan-media-exclusive-decker-coal-announces-mass-layoff60875

Elections have consequences, as they say.

Casper the Friendly Host on November 16, 2012 at 5:01 PM

Buy a company and bankrupt it to get rich? What are they smoking?

One has to pay (or borrow) to buy the company. If it goes bankrupt, what one paid is lost …or one defaults on the loans. Maybe one can get away with stiffing some lenders ONCE, but after that it stops working real damned quick.

krome on November 16, 2012 at 5:12 PM

Nope. And the media can only cover it up for so long.

Bob’s Kid on November 16, 2012 at 3:47 PM

Try again. See the Great Depression and Muckraking. It’s the 1930′s all over again and we might just end up with another world war to get out of it.

njrob on November 16, 2012 at 7:09 PM

As long as Obama can borrow money to ease the real economic pain while blaming the rich for the bad economy…well… there’s no such thing as gravity.

SAMinVA on November 16, 2012 at 5:01 PM

The nonstop QE’s help….in the short term, of course.

visions on November 16, 2012 at 7:19 PM

krome on November 16, 2012 at 5:12 PM

The bankrupt companies to get rich quick scheme doesn’t eraise any eyebrows in a group waiting to justifiy voting for the Welfare State.

I think we are just not realizing that when people make selfish decisions they don’t admit selfish reasons and so whatever BS the Democrat on the stump says is a reason to vote for more free stuff or for the white liberal to vote your “concious” they accept it and repeat it.

Reality isn’t anywhere in the picture and people who don’t live in reality also don’t last long. Sad thing is the Titanic’s passenger list also includes ourselves.

My wonder is when it all goes bad there isn’t going to be mercy like in Greece where they ALL went along till it went bust. I think our side will be rioting too but against the welfare and liberal set that destroyed us.

Conan on November 16, 2012 at 7:24 PM

Had a small pizza for lunch from the local Papa John’s in Omaha.

Just doin my part on “Papa John’s Day”.

KirknBurker on November 16, 2012 at 7:34 PM

My wonder is when it all goes bad there isn’t going to be mercy like in Greece where they ALL went along till it went bust. I think our side will be rioting too but against the welfare and liberal set that destroyed us.

Conan on November 16, 2012 at 7:24 PM

I would not be at all surprised if in addition to the welfare looters, groups of honest citizens suddenly showed up and started inflicting weapons-grade revenge on the moochers.

…to be brutally honest, I would be very tempted to join one and go get some payback myself.

MelonCollie on November 16, 2012 at 7:35 PM

Although the economic illiteracy of the American electorate, and young voters in particular, is shocking, it is hardly new. Reagan was only able to temporarily convince some of how markets work by proving it in real time. And even in his day, the professoriat was deep red (and I don’t mean Republican) and feverishly indoctrinating the impressionable youth of America.

Come to think of it, it was roughly a century ago that Mencken observed, “No one ever went broke by underestimating the intelligence of the American public.”

Adjoran on November 16, 2012 at 7:39 PM

Around 70 years. That’s how long the USSR lasted.

Punchenko on November 16, 2012 at 3:57 PM

The serfs and poor in Russia under Nicholas II were truly poor and 99%ers (middle class was minority) hence their lives were improved by communism and wealth redistribution.

USA’s poor unfortunately are not really poor, and middle class in US are 1%ers in more than half of the world, so no live will be improved by Democrat and Obama’s wealth redistribution and fairness. It will only be going down hill from here onward.

One thing though, for the recent (in the last 30 years) immigrants from third worlds, life will still be good, especially those getting welfare, medicare, foodstamps, WIC, housing subsidy and the likes.

I feel for American-Americans.

vnohara on November 16, 2012 at 8:52 PM

We burned witches for a long time.

jhffmn on November 16, 2012 at 10:14 PM

People need to realize, if you want democrat to fail, stop feeding their spending habit. Close yoru businesses. Lay off the workers. Horde your hard assets and wait it out bunker style as the whole house of cards collapses. Once it does, come back in to the market and you’ll have lot sof cheap labor and opportunities.

WashingtonsWake on November 16, 2012 at 10:47 PM

This will continue until the Republican Party and conservatives figure out they have to declare war on the Leftstream Media. You can spout the truth all day, if the press never lets it get out, you lose.

I just watched a political campaign where a sitting President completely trashed a man who was, perhaps, the most decent man to run for the Presidency in years. They didn’t beat Romney with ideas, they trashed him and you can’t get away with that without collusion from the press and I mean a whole lot of Candy Crowley like collusion.

Republicans can’t go on like this. The press won’t pressure the Senate to pass a budget, they won’t press Obama to pass a budget, yet they will continue to blame Republicans.

It’s time for conservatives to pull the plug on the MSM, by pulling all of their advertising. The Koch Brothers companies must spend millions on advertising, pull it all, declare war on them and don’t advertise again until you see some changes.

bflat879 on November 16, 2012 at 11:10 PM

So long as the left owns all media, the right will be blamed no matter what.

WashingtonsWake on November 17, 2012 at 1:19 AM

90% of blacks vote for the WELFARE STATE and at least 50% of Hispanics do so… For them the WELFARE STATE is the ultimate economic issue…

mnjg on November 16, 2012 at 4:45 PM

Which is all fine & good while the non-welfare state is healthy.

The end point doth approacheth…..

roy_batty on November 17, 2012 at 8:14 AM

How Long Can The Left Continue To Defy Economic Gravity?

Let’s see – the Soviet Union survived 74 years, the ChiComs 70-some and counting (if one ignores that it’s evolved to Communism-with-a-false-capitalist-front), the North Koreans 60-some and counting, the Cubans 50-some and counting. I haven’t even touched on the Europeans.

Short answer – until they literally run out of Other People’s Money AND their own resources.

Steve Eggleston on November 17, 2012 at 8:53 AM

Around 70 years. That’s how long the USSR lasted.

Punchenko on November 16, 2012 at 3:57 PM

I swear I didn’t see that before I commented.

Steve Eggleston on November 17, 2012 at 8:54 AM

M2RB: Molly Hatchet

Resist We Much on November 16, 2012 at 3:50 PM

Thanks for the musical blast from the past. Unfortunately, we are no longer merely flirting with disaster. We’re standing at the altar as she walks down the aisle.

Bigfoot on November 17, 2012 at 9:56 AM

Where in history can we find People of certain descriptions being treated with this vicious catch 22?

What came next? Every. Single. Time.

It’s going to get ugly, fast

SearchlightCrusade on November 17, 2012 at 1:16 PM

How Long Can The Left Continue To Defy Economic Gravity?

The greatest administration has granted them a waiver.

BobMbx on November 17, 2012 at 3:01 PM

Around 70 years. That’s how long the USSR lasted.

Punchenko on November 16, 2012 at 3:57 PM

FDR started this mess in the late 30′s. 2012-1940=72. That means that it is about due for collapse.

Theophile on November 17, 2012 at 4:00 PM

Defy it? They’re embracing it. They want it. They NEED it!

Now that blaming Bush has gotten them this far, it’s time to switch tactics and targets. OWS started the next wave. All of our economic problems are due to the (fill in the blank)% and their greed/incompetence/super greed.

The election proved the useful idiots are two things. Useful and idiotic. Now they will be used to spend and/or boycott the country into fiscal oblivion and Obama will point to business people and the US House as the culprits. And a continually declining economy works very well for Obama and his dream of fundamental change. If you can break the financial back of a country while turning workers against employers in a potentially bloody affair that cripples, marginalizing and discrediting your opposition, you win; if your intent is the end of America as we now know it, that is.

The mobs will take to the streets to finalize the redistribution and those victimized will be blamed for their own demise. Then, just so the eeeeevvvvvviiiiillllll GOP backed (fill in the blank, again)%-ers don’t regain power, the State will step in to protect the no longer useful idiots by nationalizing everything. And…voila:
“Paging Dr. Zhivago, Dr. Zhivago. The commiczar will see you know!”

The moral: anything that helps America, hinders Obama’s dreams from his father.

But as Dad Obama would likely say had he not drank himself into the ditch George W. Bush undoubtedly left for him, “Kill the running dog, imperialist oppressors. Oh, and Hakuna matada!”

Kenz on November 17, 2012 at 4:59 PM

As long as there is a company making a profit there will be someone some where some thing gnawing away as all parasites do until the host dies. At the present time it’s a 50/50 split here in America and we have States that will never see the light of day for the parasites both rich and poor will hold on until the host is dead and then move on to the next host. The Countries of Europe are in the same boat and the governments are afraid of panic of the public, actually they are afraid the public will dispense the sitting government (the rich parasites) from their golden goose. “Let them eat cake” will become relevant again and not too far in the future. When your gut is full it’s easy to think of going on a diet, this is how the politicians think in DC. See for yourself and google ……..number of staff for Congress…… my math totals more than 23,000 and while you’re at it google………list of government agencies…….. think about what your reading when you see this listing as being stuffed with federal employees that don’t produce a thing that’s taxable and are over flowing with friends and relatives that don’t think that their job is an entitlement.

mixplix on November 17, 2012 at 8:25 PM

The poorer America gets, the more socialist we will become. The Dems aren’t destroying the economy, they’re protecting the average American from the evil corporations who are making a fortune by going bankrupt and firing everybody. That is the narrative, and the majority is buying it. America is damned and God hates us. As much as I hate Phelps and the way he insults our vets, I’m starting to think he’s right about God hating this world.

Kakalak Pundit on November 17, 2012 at 11:54 PM

The (national) socialists can defy economic gravity as long as no one on a conservative website says I have an absolute right to spend, as I see fit, every dime I make. The defense of my rights is the only function of a moral government. The source of my rights is my mind, not god’s mind, not societies’ collective consciousness. Laissez-faire capitalism is the name of the system where sacrifice by both leftist nihilist and rightist mystics is banned by law. On what issue does the Right desire to use deadly force to sacrifice me? Answer that and you will know why the Right is not competent to protect you from the Left.

WyattsTorch on November 18, 2012 at 9:22 AM

Hostess should have doubled the price of Twinkies. They must have had data that said you wouldn’t buy them. The data was mistaken, when threatened with the loss of Dearest Twinkie, people were willing to pay unknown amounts via PayPal for the delicious treat while it was still fresh.

Fleuries on November 18, 2012 at 10:24 AM

The serfs and poor in Russia under Nicholas II were truly poor and 99%ers (middle class was minority)TEMPORARILY hence their lives were improved by communism and wealth redistribution.

There.. fixed it for you.

Noelie on November 18, 2012 at 10:25 AM

The (national) socialists can defy economic gravity as long as no one on a conservative website says I have an absolute right to spend, as I see fit, every dime I make. The defense of my rights is the only function of a moral government. The source of my rights is my mind, not god’s mind, not societies’ collective consciousness. Laissez-faire capitalism is the name of the system where sacrifice by both leftist nihilist and rightist mystics is banned by law. On what issue does the Right desire to use deadly force to sacrifice me? Answer that and you will know why the Right is not competent to protect you from the Left.

Eh.. talk like one not lofty above others please. You are not the all in all you seem to think.

Our problem is that bot sides of the aisle like to spend money on things that are not a function of government and tax or borrow to do so. We also do NOT ask for help from the One who did grant us our rights. They are… God given. Not Ayn Rand given.

Noelie on November 18, 2012 at 10:28 AM

How Long Can The Left Continue To Defy Economic Gravity?

They don’t have to. As long as they can explain away it is not their fault. As results show again and again their success in deflecting the blames.

The Left do not (and have not) want to solve economic problems, they want to grab more and more power to themselves.

Wrong question.

Sir Napsalot on November 18, 2012 at 10:36 AM