Ace of Spades HQ

February 16, 2011

Confirmed: Stagflation™ on the way
— Purple Avenger

...Shoes, clothes, tires, plastics and other products all cost more at the wholesale level last month, putting pressure on businesses to pass the increases along to their customers...
...Drug prices rose 1.4 percent, the most in almost three years. Prices rose for products throughout the economy...

See, its just "pressure" at the moment, kinda like a zit starting to form. Being patriotic and all, those businesses will of course try to resist that pressure as long as possible, take profit hits, maybe even run losses or go bankrupt as part of their national obligation, right? They just need to cowboy up and embrace the vise like squeeze of higher taxes and higher costs. This is the new normal.

Posted by: Purple Avenger at 05:59 PM | Comments (149)
Post contains 131 words, total size 1 kb.

1 I just was wondering if we'd see stagflation. Anyone who's fortunate to be too young to remember -- get ready, it gets worse.

Posted by: ace at February 16, 2011 06:01 PM (nj1bB)

2 Will we all get WIN buttons?

Posted by: jeannie at February 16, 2011 06:02 PM (BkSf3)

3 Passing on your profits to your customers- I understand that. But passing on your costs? That just seems Un-Kenyan, I mean Un-American.

Posted by: Barry Odumbshit McFucknut at February 16, 2011 06:03 PM (FcR7P)

4 This is the new normal.

So right on, PA. This is why Ace Is The Place. Carry on!

Posted by: Born Free at February 16, 2011 06:04 PM (Z+IgW)

5 I blame the people who kept their leisure suits.

Posted by: eman:Victorious People's Front of Logprof at February 16, 2011 06:04 PM (+twqs)

6 No, this time we get WTF is this buttons.

Posted by: kansas at February 16, 2011 06:04 PM (srmf8)

7 Shut up!!! I hates you!!!!

Posted by: Corona at February 16, 2011 06:05 PM (ND3kg)

8 Man, we need to invent cheaper stuff.

Posted by: Barry Obama at February 16, 2011 06:06 PM (th0op)

9 I just was wondering if we'd see stagflation.

Predictable as the tides with all the funny money Bombardier Ben has been airdropping all over the planet.

Posted by: Purple Avenger at February 16, 2011 06:06 PM (T/Pl1)

10 Being patriotic and all, those businesses will of course try to resist that pressure as long as possible, take profit hits, maybe even run losses or go bankrupt as part of their national obligation, right? They just need to cowboy up and embrace the vise like squeeze of higher taxes and higher costs. This is the new normal.

Don't forget their obligation to hire lots of unionized people they can't afford and might not need.

Posted by: Barry O, Chairman of the Board at February 16, 2011 06:06 PM (vdfwz)

11 Like that big zit behind your ear and you're fucking 47.

Posted by: Corona at February 16, 2011 06:07 PM (ND3kg)

12 Being patriotic and all, those businesses will of course try to resist that pressure as long as possible, take profit hits, maybe even run losses or go bankrupt as part of their national obligation, right? They just need to cowboy up and embrace the vise like squeeze of higher taxes and higher costs.

They also need to hire some more people.

Posted by: Barack Obama at February 16, 2011 06:09 PM (2jQGY)

13 Like that big zit behind your ear and you're fucking 47. Posted by: Corona at February 16, 2011 10:07 PM (ND3kg) They always hurt like hell.

Posted by: eman:Victorious People's Front of Logprof at February 16, 2011 06:10 PM (+twqs)

14 The purpose of businesses is to provide jobs. My economics professor at Berkeley told me so

Posted by: Leff T Doosh at February 16, 2011 06:10 PM (vdfwz)

15 10 Dammit me, stop stepping on my dick.

Posted by: Barack Obama at February 16, 2011 06:10 PM (2jQGY)

16 Inflation? Never heard of it

Posted by: Paul Krugman, Super Genius at February 16, 2011 06:11 PM (vdfwz)

17 The purpose of a business to provide a place for a boycott or strike.

Posted by: eman:Victorious People's Front of Logprof at February 16, 2011 06:12 PM (+twqs)

18 My personal assistant bought me a beard trimmer at Target for $2 less than it was on sale for last month. So there's no inflation, you knuckle dragging illiterates

Posted by: Paul Krugman, Super Genius at February 16, 2011 06:13 PM (vdfwz)

Do we get a Disco Demolition party? We're cheated if we don't.

Posted by: unknown jane at February 16, 2011 06:13 PM (5/yRG)

20 Will we all get WIN buttons?

No. WTF buttons. Which is, of course, just perfect.

Posted by: alexthechick at February 16, 2011 06:13 PM (qPgNK)

21 Don't worry Bernanke can rein it in. At least that's the theory. Problem is if foreigners who own dollars get jittery and start dumping the dollars, there will be know financial tool short of burning dollars for fuel that will stop the hyperinflation.

Posted by: Dr. Heinz Doofensmirtz at February 16, 2011 06:14 PM (tO77b)

22 By the way, that budget of mine? Yeah, I gots to add a little to keep ahead of stagflation...

Posted by: Barry LaDouche at February 16, 2011 06:14 PM (FcR7P)

Ben Bernanke = Rudolf Von Havenstein, mad money printer of the Weimar Republic. He monetized a lot of German debt in WWI. They thought he was a genius, calling him "der Geld Marschall" (money field marshall), sort of like they called Greenspan the Maestro and now sing Helicopter Ben's praises. He was great until the hyperinflation hit.

Posted by: publius at February 16, 2011 06:16 PM (VVB18)

24 Bush-Era Costs Now Biting Consumers

Posted by: The M Fucking M at February 16, 2011 06:17 PM (FcR7P)

25 Stagflation is the least of your worries, infidel.

Posted by: The 12th Imam, jerking off in Iran at February 16, 2011 06:17 PM (Ew1k4)

26 Being patriotic and all, those businesses will of course try to resist that pressure as long as possible, take profit hits...

They have been the biggun's at least.

For about 3 years now, so far as I know.

Not my job to wonder why but if your livelihood consists of gathering data for various marketing companies in a geographic area.

You can't help but notice some trends...

Posted by: Deety keeps her head down at February 16, 2011 06:18 PM (Jb3+B)

27 I keep saying that I HOPE Glenn Beck is as crazy as his critics say.

Posted by: blaster at February 16, 2011 06:20 PM (aU7Ox)

I read here, I think, that cotton is way up in price.

Can you say 100$ a pair Wranglers or Levis?

Posted by: yet another dave at February 16, 2011 06:20 PM (Z4PZD)

29 Ah, sweet stagflation. Man, you will learn to treasure this as the good old days...

Posted by: The Weimar Republic at February 16, 2011 06:20 PM (FcR7P)

30 High speed rail will help us speed away from inflation.

See? This gig ain't that hard.

Posted by: Ojug'ears McGolfbagg at February 16, 2011 06:23 PM (S59+B)

31 This is why I sold my restaurant in December 2009. In the middle of the deepest recession the state of NC raised sales tax by 1% which took about $1,000 out of my pocket, then they decided raise the liquor prices (in NC we have something called ABC stores, liquor is sold by the state at only those stores) 20%. I got an offer to buy my place for about what I paid for it 4 years earlier. So, for the first time in 17 years I no longer own my own restaurant. (also owned one in Chicago from 1992-2006)

Posted by: Capitalist Infidel at February 16, 2011 06:26 PM (to9Cz)

32 The Carter Years. Again. Fuck.

Posted by: huerfano at February 16, 2011 06:27 PM (2pEj7)

33 You'd think you'd be thanking me. If your neighbors had income, those fuckers would just use it to drive prices up on you. Together We Get By. Unemployment: Working For America!

Posted by: Barry O'Douchetool at February 16, 2011 06:27 PM (FcR7P)

34 That was $1,000 a month out of my pocket

Posted by: Capitalist Infidel at February 16, 2011 06:27 PM (to9Cz)

35 We make up for a loss of profits by increasing volume.

Posted by: Government Motors Et Al LLC at February 16, 2011 06:27 PM (/8mBu)

36 What don't you like about this shit.

You beat the shit out of us the last time democrats did this.

Does "The One" need for some guys to die in the desert? I am sure his dumb ass state department can arrange it.

I am a Nobel Prize winner like "The One" what does that say???

You know I am the greatest president ever and Reagan stole that election?

Kool Aid? Anyone need some??

What flavor??

Posted by: Jimah Carter at February 16, 2011 06:28 PM (JpFM9)

37 More good news. Our traitorous overlords are gonna rue the day they banned asbestos.

Posted by: FlaviusJulius at February 16, 2011 06:30 PM (SJ6/3)

38 Who could have seen this coming?

Posted by: JackStraw at February 16, 2011 06:30 PM (TMB3S)

My understanding is that the businesses have been trying not to pass the rising costs on for a year now and it is reaching the point where they can't do anything else but raise prices.

Not to mention the fact that "global warming" destroyed produce crops so vegetables will now cost more than an ounce of gold.

Posted by: ParanoidAnxietyGirlInSeattle at February 16, 2011 06:31 PM (RZ8pf)

Well, the cure for inflation is to raise interest rates, like the prime rate. That what Uncle Paul Volker taught us that one in the '70's.

Oops! That huge debt overhang with that monster debt service will just get a lot bigger if the prime goes up.

I wonder if Barry O! thought of that? Naaaaaah.

Gawd, the childish inumerancy of these people is appalling. We become more like Argentina every day.

Posted by: Reader C.J. Burch writes..... at February 16, 2011 06:31 PM (sJTmU)

41 Let me be clear, you white folksss need to pay more, it'sss only fair.

Posted by: Barry O at February 16, 2011 06:32 PM (L1TBT)

42 32 The Carter Years. Again. Fuck.

Posted by: huerfano

Much worse, with no recovery over the horizon. The new normal. Get used to it.

Posted by: Reader C.J. Burch writes..... at February 16, 2011 06:32 PM (sJTmU)

43 The boning is coming! The boning is coming!

Posted by: oblivious to double entendres at February 16, 2011 06:34 PM (yRrAd)

44 Stimulus...?

Posted by: nickless at February 16, 2011 06:35 PM (MMC8r)

45 I was young during Carter, but wasn Carter just clueless? OJedi has the playbook from back then and it SUCKED yet seems to follow it page by page, makes one wonder

Posted by: Red Shirt at February 16, 2011 06:35 PM (FIDMq)

46 >>But some economists fear that inflation could become troublesome later. I love this shit. Some of us morons have been warning about this over and over again. But what the fuck do we know, we're just morons.

Posted by: JackStraw at February 16, 2011 06:36 PM (TMB3S)

47 Just wondering how the MFM will play this, if they mention it at all..Unexpected?

Posted by: Red Shirt at February 16, 2011 06:38 PM (FIDMq)

48 I remember people moving money around to earn juicy interest and having inflation chew it to shreds anyway. I waited in gas lines twice. I can't wait to see a 52%-er do that.

Posted by: eman:Victorious People's Front of Logprof at February 16, 2011 06:40 PM (+twqs)

49 8 Man, we need to invent cheaper stuff. ------- Hey, I have an idea. Instead of complicated light bulbs made of twisty tubes full of expensive chemicals combined with electronics, how 'bout we just stick a wire in an evacuated glass ball?

Posted by: Anachronda at February 16, 2011 06:40 PM (6fER6)

50 This seriously is just a rerun of the Carter Administration. All doubts now should be gone, the last shoe to drop will be disco making a comeback. Hmm Lady Gaga is sort of disco like... Oh god!

Posted by: Drew in MO at February 16, 2011 06:40 PM (ltqwL)

51 How far into the second Carter term would the revolution have begun?

Posted by: FlaviusJulius at February 16, 2011 06:40 PM (SJ6/3)

52 It's okay because higher prices mean more taxes collected on sales. With that extra money we can pay for more unemployment and welfare.

Posted by: Barry Obama at February 16, 2011 06:41 PM (th0op)

53 How far into the second Carter term would the revolution have begun? Posted by: FlaviusJulius at February 16, 2011 10:40 PM (SJ6/3) About 24 hours.

Posted by: eman:Victorious People's Front of Logprof at February 16, 2011 06:41 PM (+twqs)

54 Hey, disco is healthy exercise for young children.

Posted by: Moochelle O at February 16, 2011 06:43 PM (rrkE9)

You know, I really treasure the memories of the days when I was in the auto retail business, and was able to get my best customers auto loans at a low, low 19.9% APR. I get goosbumps remembering the joy they often expressed...especially when they discovered a used car loan would start @ 25% - or more.

Yeah, those were the days. You know, I could get up to 9% or so returns on investments, too. Almost covered the 13.9% I paid on my home loan.

Yep, you 'younguns have some good times to look forward to.

Me? I'll just keep drinking...

Posted by: Jess at February 16, 2011 06:44 PM (6klwE)

56 54 Hey, disco is healthy exercise for young children.

Posted by: Moochelle O at February 16, 2011 10:43 PM (rrkE9)

But first, go get my car keys, then they can dance

Posted by: Red Shirt at February 16, 2011 06:44 PM (FIDMq)

_{But first, go get my car keys, then they can dance}

You know I can't dance, you know I can't dance...

Posted by: Jess at February 16, 2011 06:45 PM (6klwE)

58 Fast Zombies + Pump Shotguns = Stagflation

Posted by: Fritz at February 16, 2011 06:46 PM (/8mBu)

59 Regular gas just broke $3 this week in my neighborhood. F'ing $3.01 a gallon in Austin. Thanks Barry McFuckstick!

Posted by: TexBob at February 16, 2011 06:46 PM (7cXE7)

60 But first, go get my car keys, then they can dance
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
I got Andy Gibb's brother, Robert on that.

Posted by: Moochelle O at February 16, 2011 06:46 PM (rrkE9)

61 Margin collapse.

Posted by: rickl at February 16, 2011 06:48 PM (hZFhS)

Glenn's been talking about this for months. I bought new jeans,towels, sheets etc so I can ride out the cottinprices for awhile.

Anybody loading up on food?

Posted by: martha at February 16, 2011 06:49 PM (kFsTd)

F'ing $3.01 a gallon in Austin. Thanks Barry McFuckstick!

Why, you're welcome!

Posted by: Barry O. McFuckstick at February 16, 2011 06:51 PM (6klwE)

64 There is always cannibalism.

Posted by: FlaviusJulius at February 16, 2011 06:53 PM (SJ6/3)

65 54 Hey, disco is healthy exercise for young children.

Posted by: Moochelle O at February 16, 2011 10:43 PM (rrkE9)

Unplug the Jukebox and try another flavor

Posted by: Adam Ant at February 16, 2011 06:59 PM (FIDMq)

66 >>Glenn's been talking about this for months. Beck is always years late to the party and twice as shrill as he needs to be. In other words, he is a radio talking head. We've only been talking about this shit for years here.

Posted by: JackStraw at February 16, 2011 06:59 PM (TMB3S)

I remember the gas lines, I also remember Nixon suspending daylight savings time one year and going to school in the dark at 8 in the morning.

I remember standing in a Citibank and over the radio they announced that mortgage rates were 18% anyone remember those rates?

Posted by: martha at February 16, 2011 07:00 PM (kFsTd)

There is always cannibalism

Nah. I'm old. Too tough & chewy, even after a good marinade...

Posted by: Jess at February 16, 2011 07:00 PM (6klwE)

69 #67, see my post @ 55...

Posted by: Jess at February 16, 2011 07:02 PM (6klwE)

70 #69, Yeah, got it. Well a lot of these young libs are about to be turned inside out by reality reaming them

Posted by: martha at February 16, 2011 07:04 PM (kFsTd)

71 Oh, and Martha, I don't believe that was Nixon - pretty sure it was a Congressional action & it lasted over a year (74? 75?)

Posted by: Jess at February 16, 2011 07:05 PM (6klwE)

72 That was back in the days you had to walk to school, uphill, both ways?

Posted by: FlaviusJulius at February 16, 2011 07:06 PM (SJ6/3)

73 50 This seriously is just a rerun of the Carter Administration. All doubts now should be gone, the last shoe to drop will be disco making a comeback. Hmm Lady Gaga is sort of disco like... Oh god!

I was just thinking the same fucking thing:

Farmers subsidized for making ethanol = Gasohol (from the Carter years)
Egypt = Iran
Global Warming = Global cooling
Most pop music today sucks just like Disco

I'm gonna get fuckin rich selling Pet Rocks

Posted by: Lemmiwinks at February 16, 2011 07:07 PM (54F2e)

I remember it as Nixon in 1973, I had graduated High School in 1974 and it was already done with as it had been a disaster.

I remember very clearly standing at the bus stop at 8 in the morning in total middle of the night darkness.

Posted by: martha at February 16, 2011 07:07 PM (kFsTd)

75 I read here, I think, that cotton is way up in price.

And, when polyester comes back, the circle is complete.

Posted by: nickless at February 16, 2011 07:08 PM (MMC8r)

76 I was born in 1979 so luckily I don't remember the Carter years but my dad often points out that at anytime during Carter's term we could have been invaded and over powered by Ecuador.

Posted by: Drew in MO at February 16, 2011 07:09 PM (ltqwL)

77 Maybe I should get into cardigan sales?

Posted by: Jean at February 16, 2011 07:09 PM (CPefM)

78 Remember the Freakies?

Posted by: FlaviusJulius at February 16, 2011 07:09 PM (SJ6/3)

79 Be sure to turn me off when you leave the room.

Posted by: Captain Watts His Name at February 16, 2011 07:09 PM (Z4PZD)

Well a lot of these young libs are about to be turned inside out by reality reaming them

You've said more than you may realize. At the time, I worked in a good sized college town, and it was simply amazing to watch the physical manifestation(s) of reality smacking the just or soon to be graduates as they realized the love expressed for big (!) government & Jimmeh by their collegiate peers was, well, misplaced.

Posted by: Jess at February 16, 2011 07:09 PM (6klwE)

Drew:

Your Dad was right.

The only thing I miss about the 70's was we had better television shows.

Posted by: martha at February 16, 2011 07:10 PM (kFsTd)

82 53 How far into the second Carter term would the revolution have begun?
Posted by: FlaviusJulius at February 16, 2011 10:40 PM (SJ6/3)

About 24 hours.

How True. If that mother fucker didn't go the whole country would have blown.

Posted by: Lemmiwinks at February 16, 2011 07:11 PM (54F2e)

83 Ecuador? Nah. Now Brazil - there was a 70's powerhouse. Could've landed in New Orleans & been to Pittsburgh before Jugeard McFuckstick the First could've gotten his sweater vest untangled...

Posted by: Jess at February 16, 2011 07:12 PM (6klwE)

84 I was always glad I missed the 70s. Oh well.

Posted by: brak at February 16, 2011 07:13 PM (nIoiW)

I thought to myself on the day Obama was inaugurated, that by the time time 2012 rolls around the Repubs could run Mickey Mouse and the mouse would win, that's how fed up the country would be with Obama.

3 months later I was at my first Tea Party Rally.

Posted by: martha at February 16, 2011 07:13 PM (kFsTd)

Unplug the Jukebox and try another flavor

Posted by: Adam Ant at February 16, 2011 10:59 PM (FIDMq)

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

This ain't no party, this ain't no disco, this ain't no foolin' around!

Posted by: david Byrne at February 16, 2011 07:13 PM (rrkE9)

87 We're in the 70's again.

Posted by: Rodney C. Johson at February 16, 2011 07:14 PM (G/Eku)

88 Capitalist Infidel - want to open a soup kitchen?

Posted by: Jean at February 16, 2011 07:14 PM (CPefM)

I was always glad I missed the 70s. Oh well.

Well, we did have the Peanut Farmer & his pi**ing brother, stagflation, high interest rates, & disco.

Don't forget the rest of the 70s though - pubic hair w/our nudity. Had that going for us...

Posted by: Jess at February 16, 2011 07:16 PM (6klwE)

90 I think I'll invest in silicon, sand, and glass.

http://tinyurl.com/4cx8npg

Posted by: Fritz at February 16, 2011 07:17 PM (/8mBu)

91 At least this time around the Village People will be able to marry.

Posted by: nickless at February 16, 2011 07:17 PM (MMC8r)

92 there's still time to change the road you are on....

Posted by: r plant at February 16, 2011 07:18 PM (Z4PZD)

You mean they were.... were...were (sputtering)...

GHEY????

Posted by: Jess at February 16, 2011 07:18 PM (6klwE)

94 90 I think I'll invest in silicon, sand, and glass.

http://tinyurl.com/4cx8npg

Posted by: Fritz at February 16, 2011 11:17 PM (/8mBu)

Ahh yes, I remember watching that on Headbangers Ball back in the day.

Posted by: Red Shirt at February 16, 2011 07:19 PM (FIDMq)

95 Speaking of Reagan, I looked at the 1984 map and saw he lost MN by less than 1%!!!! OMG, if only we had a 57 state blowout! First since GW.

Posted by: Flapjackmaka at February 16, 2011 07:19 PM (c5RQr)

96 That link in the sidebar about Yemeni being too high to revolutionize.... it would've been nice if the Klownifornistans had been the same, too high to actually vote. Now I'm regretting my prop 19 vote....

Posted by: KG at February 16, 2011 07:19 PM (2k/Dg)

97 I'm so glad someone else is thinking about this. I just sent all my peeps the link to this article on Zero Hedge. I'm starting to think they are all visual learners so thankfully, someone provided the visuals. LINK

I've spent a lot of my time with the Yahoo Finance crew. One of the main discussions was always watching what looked like blatant manipulation, having someone on the board notify the SEC in writing, via email, on the phone, by fax, even once by all of these methods and by courier. To no avail. So I find this particularly funny. LINK

Posted by: curious at February 16, 2011 07:20 PM (p302b)

98 >>This seriously is just a rerun of the Carter Administration. No it's not. This is far worse. I really don't understand why people still refuse to face up to the enormous structural problems in our debt that are about to explode on us. This is far worse than the Carter years when we could afford a liberal idiot. We haven't even begun to experience how bad this is going to get. Withe the feckless leadership we currently enjoy, WW III is likely on the horizon.

Posted by: JackStraw at February 16, 2011 07:22 PM (TMB3S)

99 Well, I'm out. Hope I can dream of a Billy Beer...

Posted by: Jess at February 16, 2011 07:22 PM (6klwE)

100 32 The Carter Years. Again. Fuck.

Posted by: huerfano at February 16, 2011 10:27 PM (2pEj7)

my dad says this is worse than the carter years because there is so much consumer and business debt that didn't exist at that time. My dad says credit cards really took off in the 1980's.

Posted by: curious at February 16, 2011 07:23 PM (p302b)

101 #97 link #1 is a good read, those are some seriously scary charts

Posted by: brak at February 16, 2011 07:26 PM (nIoiW)

102 "Studies show that a success of a nation is determined by those it can afford to support. In other words, high unemployment means America is highly successful."

"It's well known that high prices are simply a reflection of high worker wages. So if prices are high, that means that you have more money in your pocket."

"Using the term 'stagflation' is racist."

Posted by: The MFM at February 16, 2011 07:29 PM (OKZrE)

103 This is all Obama's fault...riiiiight?

/s

Posted by: hopelessdonk at February 16, 2011 07:30 PM (Sj8nU)

104 Posted by: brak at February 16, 2011 11:26 PM (nIoiW)

when I saw those charts they reminded me of when I think his name was geoff was putting up charts here and before that it was someone else.

I sent it to my friends and posted it for you guys and then went back to read the comments. Geez, they are saying the charts might not be accurate as the data comes from you know who and might be manipulated to make it look better.

Posted by: curious at February 16, 2011 07:36 PM (p302b)

105 102 "Using the term 'stagflation' is racist." --------- You have something against inflatable stags?

Posted by: Inflatable Woodland Creature Liberation Front at February 16, 2011 07:37 PM (6fER6)

106 Hopeflation.

Posted by: FUBAR at February 16, 2011 07:44 PM (McG46)

107 If these traitorous corporations would just find a little patriotism in their hearts and do the right thing, lower prices and hire workers, everything would be fiiine.

Posted by: Barack Obama at February 16, 2011 07:46 PM (McG46)

108 listen, dummies, people like krugman were masturbating while nobodies like us were just playing with oursleves. keep that in mind.

Posted by: mallfly at February 16, 2011 07:50 PM (W6bJb)

109 High speed rail baby.

Posted by: Hussein the Thinker at February 16, 2011 07:52 PM (7nyPv)

110 High speed rail baby.

Posted by: Hussein the Thinker at February 16, 2011 11:52 PM (7nyPv)

Can't remember which clever pundit said, "So the future is...railroads."

The liberals so desperately want us to be Europe. If they were smart, they'd be trying to build a Maginot Line for protection against Texas.

Posted by: FUBAR at February 16, 2011 07:57 PM (McG46)

111 I was always glad I missed the 70s. Oh well.

There was free love, though. I doubt we'll see that back in fashion, what with all the nasty bugs lurking around.

Posted by: Ace's liver at February 16, 2011 07:59 PM (QgI7g)

112 We're so boned
This asshole doesn't know what he's doing
We're so boned, boned boned
This asshole doesn't know what he's doing doing oh no!

Posted by: Alex at February 16, 2011 08:00 PM (x40U+)

113 I'm looking forward to the Abba reunion.

Posted by: Waterhouse at February 16, 2011 08:06 PM (reUzo)

114

97 I'm so glad someone else is thinking about this. I just sent all my peeps the link to this article on Zero Hedge. I'm starting to think they are all visual learners so thankfully, someone provided the visuals. LINK

Excellent Link. Scary as hell though. And it does just reinforces my beliefs that I'm taking the right steps personally. Thanks for the link.

Canada's also going to suck when the crap hits the fan. I'm already planning on leaving both countries and getting citizenship elsewhere.

I'm not thrilled about giving up US citizenship, but I can't predict how confiscatory the US government will get, even with Americans living abroad. I believe I'm safest to sever all ties now and have papers showing I'm not American when the government gets really grabby. They can keep (and have already spent) what I've already paid into Social Security.

We live in interesting times. Sadly. Good night everyone.

Posted by: Canadian Infidel at February 16, 2011 08:06 PM (GKQDR)

115 This is worse than the Carter years. We had Ronald Reagan waiting then.

Posted by: CAC at February 16, 2011 08:07 PM (lV4Fs)

116 I said before that a "Lost Decade" was the best we could expect.

Sorry for writing that in 2008, all.

Posted by: Nom de Blog at February 16, 2011 08:08 PM (0LABp)

117 I said before that a "Lost Decade" was the best we could expect.

Sorry for writing that in 2008, all.

Posted by: Nom de Blog at February 17, 2011 12:08 AM (0LABp)

Longer than that. I was just thinking, how many years is it going to take to make up for just two years of Obama-Pelosi dafucits (Anybody remember the dahfucit awareness ribbon)? I'm willing to bet it'll take longer than 20 years.

I really wish the electorate would develop a memory so that they could tell themselves no, anything is not better than Republicans.

Posted by: FUBAR at February 16, 2011 08:12 PM (McG46)

118 FUBAR,

Japan's "Lost Decade" started in 1989.
Thus the quote marks.

And that's the best case scenario.

Posted by: Nom de Blog at February 16, 2011 08:14 PM (0LABp)

119

And you thought I wasn't bringing the 70s back before?

I brought back Hawaii 5-0.

You're welcome.

Posted by: Prezident Obamer at February 16, 2011 08:20 PM (AXHCj)

120 But the elites told us that QE2 was the way to go!

Posted by: Dan at February 16, 2011 08:29 PM (mXBxH)

121 "This is worse than the Carter years. We had Ronald Reagan waiting then." At the time no one really knew that, hindsight is 20/20. We'll get our "new Reagen"... the Left/media complex already is telling us who they fear most.

Posted by: Rodney C. Johson at February 16, 2011 08:31 PM (G/Eku)

122 Oh fuckin joy, Jimmy Carter II and I have to live through both of them. I wish our SCROTUS would get a freakin clue.

Posted by: Ohio Dan at February 16, 2011 08:32 PM (EH4cc)

123 Posted by: JackStraw at February 16, 2011 10:59 PM (TMB3S)

Golly. Sorry I missed your top rated show.

Posted by: Derak at February 16, 2011 08:35 PM (CjpKH)

124 At least all the college aged 52ers who voted forthis crap are going to get know the true meaning of "malaise"

Posted by: Lemmiwinks at February 16, 2011 08:54 PM (54F2e)

125 Got into a brief argument with a FOAF about inflation, they said it wasn't inflation, things were just getting more expensive. Also, that sales tax would go up because of it.

I said, because people spend the same amount of money on less stuff.

They said, not they buy the same amount of stuff with more money.

I said, where does this money come from?

She said, "I don't know."

I said, "Exactly. And nobody else does either, because there's no more money."

And she said "Oh, there's always more money somewhere."

I stopped because any further and I would have been arrested for felony battery.

Posted by: Merovign, Bond Villain at February 16, 2011 08:55 PM (bxiXv)

126 Also, y'all are too optimistic. You're talking about being boned like it means screwed. We're not talking boned like a prostitute, we're talking boned like a fish filet.

Posted by: Merovign, Bond Villain at February 16, 2011 08:56 PM (bxiXv)

127 More good news. Our traitorous overlords are gonna rue the day they banned asbestos.

Seriously?

Do we get to set them on fire?

I don't really see that in the Constitution but I'm open to the idea so long as you can back that shit up with something in the Federalist Papers...

Posted by: Deety at February 16, 2011 08:56 PM (Jb3+B)

128 Yaaa !!!! It's 1977 again !!!!

I hated 1977 ; 2011 is gonna be worse

Posted by: SantaRosaStan, diminished capacity emerging at February 16, 2011 08:57 PM (UqKQV)

129 Oh, and $3.59 per gallon, bitches. Want to talk about boning?

Posted by: Merovign, Bond Villain at February 16, 2011 08:58 PM (bxiXv)

130 the next car I buy will be a Gremlin or a Pacer.

Posted by: Lemmiwinks at February 16, 2011 09:21 PM (54F2e)

131 Oh, and $3.59 per gallon, bitches. Want to talk about boning? Posted by: Merovign, Bond Villain at February 17, 2011 12:58 AM (bxiXv) I walk to work. Don't own a car. Very liberating.

Posted by: eman:Victorious People's Front of Logprof at February 16, 2011 09:23 PM (+twqs)

132 boop boop tweet tweet

Posted by: eman:Victorious People's Front of Logprof at February 16, 2011 09:23 PM (+twqs)

133 Thats the wrong American motor company. Please report to reeducation camp at 9 am.

Posted by: Government Motors at February 16, 2011 09:25 PM (jGXQI)

134 I hated 1977 ; 2011 is gonna be worse

Harvest gold. Avocado green.
Every night. In your dreams.

Posted by: Derak at February 16, 2011 09:25 PM (CjpKH)

135

$3.59 a gallon?...it's been over $5.00 up here in Canuckistan for over a year...get used to the socialism, boys, it gets a lot worse.

I downloaded and watched this 1977 movie 'Snow Beast'...life just moved at a different pace back then....I guess we'll be slowing back down to it soon.

Posted by: CanaDave at February 16, 2011 09:27 PM (C5eFR)

136 Islamic fundamentalism on the rise. Stagflation on the radar. Clueless leftist in the oval office. Gordon Lightfoot on tour. If bellbottoms come back in style I'm out of here.

Posted by: Doc at February 16, 2011 09:28 PM (jGXQI)

137

Zerohedge has been on this story since B4 Xmas. CPI is crap. Last year USD on FX lost 3%.

Reported as growth.

Somewhere along 2005 Office of Truth added home prices to CPI. Well they've been diving, for a while. Last year took a full point off CPI was 1.9% shoulda been 3%.

Reported as growth.

Back-of-the-envelope calc yields 6% inflation last year.

China has had 5% inflation of food stuffs-in the last 10 days! Odd, they just reported inflation of 4.9% short of expected 5.4%.

Our Office of Truth isn't quite in their league but we persist.

Posted by: gary gulrud at February 17, 2011 12:03 AM (/g2vP)

138 Hey, it could be worse. You could have paid a quarter of a million dollars to for an English Lit. degree, just to be a greeter at a Wal-Mart.

Posted by: navybrat at February 17, 2011 12:25 AM (PuJrq)

139 So, ... when Gov. Palin told us this was going to happen and the smartest people in the room said she was stupid .... ?

What I don't understand is how she could have been right and a blogger could have been wrong?? I didn't think bloggers were ever wrong. I thought they could predict determine the future?    I mean they make these pronouncements about what will be and what will not be and who is and who is not electable.

I'm so disillusioned. I mean, what can we do? Gov. Chistie says he knows how to fix it, but he's not going to step up and actually do anything about it. The bag man for Eli Lilley also says he's knows how to fix it.   But he won't say that he's willing to step up and actually try.

Palin also says she knows how to fix it and is willing to try; but the bloggers say she's unelectable.   So, she's out.

So let it be blogged; so let it be done.

Posted by: VADM (Red) Cuthbert Collingwood RN at February 17, 2011 01:31 AM (UL/HQ)

140 Most of us have been saying we have high inflation for a while but the government is stifling it. Food and energy have gone through the roof over the past year.

Posted by: Vic at February 17, 2011 01:54 AM (M9Ie6)

141 If we do get stagflation, we will need a hard-ass like Christie to fix it, like Reagan did last time. No warmed-over measures will help, as Carter found out.

Posted by: waelse1 at February 17, 2011 02:17 AM (9ZKnX)

142 thanks for sharin

Posted by: altýn çilek at February 17, 2011 02:32 AM (x1bDn)

143 When the time comes I want the real soylent green. That no-fat, no-salt crap ain't fit for human consumption.

Posted by: Case at February 17, 2011 02:57 AM (0K+Kw)

144

The private sector is weeding out mediocrity, retaining and hiring only the best and the brightest, who will give them the biggest bangs for their bucks.

It's gotten to be that the only jobs left for mediocre people are President Of The United States, Secretary Of State and Attorney General.

Posted by: Brian at February 17, 2011 03:11 AM (sYrWB)

145 144

The private sector is weeding out mediocrity, retaining and hiring only the best and the brightest, who will give them the biggest bangs for their bucks.

It's gotten to be that the only jobs left for mediocre people are President Of The United States, Secretary Of State and Attorney General.

Or, they are keeping people who are incompetent but handicapped to avoid a lawsuit, or keeping someone who is related to the VP and whose citizenship they have sponsored, the contract for that which probably includes a can't fire timeline that meant others had to get laid off instead.

Yes I'm still pissed about it.

Posted by: Mark at February 17, 2011 03:22 AM (IILET)

146

I know our health insurance went up 10% for our part of the premium. Co-pay and out of pocket when up a lot more.

I bet I don't get that raise my supervisor said I had already earned so in effect I get another pay cut to go along with what I got when I was laid off and had to take this much lower paying job.

Posted by: Mark at February 17, 2011 03:25 AM (IILET)

147 I've seen this movie: Jimmy Carter 2, The Bonening.

Posted by: toby928™ at February 17, 2011 05:31 AM (GTbGH)

148

Passing on your profits to your customers- I understand that. But passing on your costs? That just seems Un-Kenyan, I mean Un-American.

- Barry Odumbshit McFucknut

I actually LOL'ed at your screen name.

Posted by: Lindsey Grahamnesty licking Rahm Emanuel's salty shaven balls at February 17, 2011 05:57 AM (ItFBr)

149 this is stupid

Posted by: Bob at March 23, 2011 01:45 PM (tvIrh)

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