May 25, 2011

Double Dip Ahead?
— Ace

I have to point out most economists do not predict this. They predict small growth and lingering pain, but not a further retraction.

Yid with Lid sees it differently. And he thinks the "straw that broke the camel's back" is that commodity whose prices Obama used to be all in favor of escalation -- oil.

And if this is true?

Well it means at least another two years of deep recession and grinding unemployment. It also means the likelihood of Obama's reelection drops somewhere below 30%.

Via Melissa Tweets.

Posted by: Ace at 12:30 PM | Comments (201)
Post contains 95 words, total size 1 kb.

1 Doom Bitches

Posted by: Bannor at May 25, 2011 12:31 PM (6AXh/)

2 Flooding in the midwest will cause food shortages that will definitely not be good for the economy.

Posted by: shibumi at May 25, 2011 12:31 PM (OKZrE)

3 So should we be rooting for a double-dip? Hmmmmm. Tough.

Posted by: Dave at May 25, 2011 12:31 PM (Xm1aB)

4 I think the 50% drop in GDP last Q to below 2% means not only yes, but heck yes.


Posted by: nickless at May 25, 2011 12:32 PM (MMC8r)

5 A bad economy got us into this mess so maybe it will get us out of it.

Posted by: Dave at May 25, 2011 12:32 PM (Xm1aB)

6 Uncle Ben needs a good reason to turn the printing presses back on. I think a nice market "event" is the perfect excuse for QE 3 forever Bitchez!!

Posted by: Max Power at May 25, 2011 12:33 PM (q177U)

7 Bring on the POMO!

Posted by: Max Power at May 25, 2011 12:34 PM (q177U)

8

it's mean of me to say this, but um i'm kinda cheering on a double dip...

Posted by: YRM at May 25, 2011 12:34 PM (UzBwz)

9 (I've been spending too much time on zero hedge)

Posted by: Max Power at May 25, 2011 12:34 PM (q177U)

10

Damn that BOOOOOOOOSH!

Posted by: King Barry I "Piehole" at May 25, 2011 12:35 PM (QKKT0)

11 I've been expecting this ever since gas edged up to $4 / gallon in my area.

If the economy is clearly in a recession when 2012 rolls around, I'm not sure there's any amount of media ass-kissing that can prop Obama up.

Posted by: Brandon In Baton Rouge at May 25, 2011 12:35 PM (UvFnc)

12 i'm just saying I want the econonomy to better but the only way this smiling assclown loses in 2012 is a bad economy and a double dip makes it pratically guranteed he loses 2012

Posted by: YRM at May 25, 2011 12:35 PM (UzBwz)

13 This is the kind of thing that King Barry breaks out his pudding cups for.

Douchebag.

Posted by: ArcadeHero at May 25, 2011 12:35 PM (mmHDH)

14 It also means the likelihood of Obama's reelection drops somewhere below 30%.>>>>> I'll pay $10/gal for a year if it guarantees an Obama loss in 2012.

Posted by: joejm65 at May 25, 2011 12:35 PM (BDB5n)

15 I see a future of deep penetration and grinding hip action.

Posted by: Dominique Strauss-Kahn at May 25, 2011 12:36 PM (QKKT0)

16

Posted by: Brandon In Baton Rouge at May 25, 2011 04:35 PM (UvFnc)

Media couldn't save Carter

Posted by: YRM at May 25, 2011 12:36 PM (UzBwz)

17 OT:  New reports today of Perry jumping in (via Yahoo & others, and now linked at HA).  I hope he does.

Perry / Bolton.  It just rolls off the tongue.

Apologies for the interruption.  You are now free to return to your regularly scheduled doom.

Posted by: Blacksheep at May 25, 2011 12:37 PM (KRoB6)

18 Media couldn't save Carter Posted by: YRM at May 25, 2011 04:36 PM (UzBwz)>>>>>>> I don't remember the media having the same love affair with Carter that they have with The Won.

Posted by: joejm65 at May 25, 2011 12:37 PM (BDB5n)

19 OT: Between the bad economy and ever worse this sorry excuse for an administration.....I feel bad. But then i read this article & realized how lucky I am. Be prepared for tears. http://tinyurl.com/3u8vc2x

Posted by: Cheri at May 25, 2011 12:37 PM (oiNtH)

20 Somehow the car got in the ditch again.  Here Pelosi, you take the wheel.

Posted by: King Barry I "Piehole" at May 25, 2011 12:37 PM (QKKT0)

21 Who needs to cheer this on? With the crew now in place, the question is how do we avoid further episodes of the fuck up follies?

Posted by: Blue Hen at May 25, 2011 12:37 PM (Gzv/o)

22 Double Dip? The One promised it would only be the tip.

Posted by: Buzzsaw at May 25, 2011 12:37 PM (tf9Ne)

23 Flooding in the midwest will cause food shortages that will definitely not be good for the economy.

Plus the fact that we're giving metric tons of wheat to Egypt, and George Soros is the second biggest owner of grain silos, and hedge funds are hot on farm land because they think we're in for a famine.   Meanwhile, back ain Merry Olde...

We are not amused.  British press pans Petey's speech and teleprompter.

Posted by: RushBabe at May 25, 2011 12:37 PM (Ew27I)

24

http://tinyurl.com/3u8vc2x

Ok - here's the correct link to article.

Posted by: Cheri at May 25, 2011 12:38 PM (oiNtH)

25

2% annual GDP growth does not keep up with the growth in job-seekers.

Double-dip?  I'm gonna call this a "bathtub-shaped" recession:

sharp drop, long, flat bottom, and maybe a sharp increase in GDP at some point on the horizon.

Posted by: Truman North at May 25, 2011 12:38 PM (G5JPI)

26
Most economists are mostly always wrong.

The Housing market is getting worse. No one is hiring. And prices are rising.

These are not the indications of 'growth.'

Posted by: Soothsayer at May 25, 2011 12:38 PM (uFokq)

27 Perry / Bolton. It just rolls off the tongue.>>>>>>> Perry/Anyone sounds good.

Posted by: joejm65 at May 25, 2011 12:38 PM (BDB5n)

28 We are moving from hypothetical to reality. Brace for some scary shit.

Posted by: Oldsailor's poet at May 25, 2011 12:38 PM (NtTkA)

29 Nobody knows nuthin.

Posted by: DiogenesLamp at May 25, 2011 12:38 PM (PF2Cj)

30 I think Obama's toast.  His only chance is if some narcissistic prick runs as an independent. 

Posted by: rdbrewer at May 25, 2011 12:38 PM (6L9U5)

31 We must follow Prsadent Obama's lead and stop using dirty oil for our cars. Electric and solar powered cars are the way to go. Once again Presadent obama shows vision while the Republi-Losers just snipe.!!!!!!!!!!

Posted by: Mary Clogginstien from Brattleboro, VT at May 25, 2011 12:39 PM (48wze)

32

Why not? There is no organic growth in the markets right now. Take away the trillions of monetary and fiscal liquidity and we are basically left with nothing. This is basically how we have been getting out and in every recession and depression since the Federal Reserve began operating. If anyone here wants to understand the Austrian Business Cycle easily, I suggest the book Meltdown. It's very good.

Posted by: Flapjackmaka at May 25, 2011 12:39 PM (u8JAM)

33
Right. Even if GDP stays positive, it doesn't mean growth.


Posted by: Soothsayer at May 25, 2011 12:39 PM (uFokq)

34 If it takes a double dip to get rid of InfiniteDipShit, I'm sadly for it.

Posted by: GnuBreed at May 25, 2011 12:39 PM (ENKCw)

35

Posted by: joejm65 at May 25, 2011 04:37 PM (BDB5n)

I wasn't alive at the time (born in 1989); but I went back and looked at the 76-80 news years and found the media promoted Carter as an outsider who was going to shake up Washington, by 1980 they were trying to help him but it was hard to. But yes Obama is probably loved more by the media then Carter is.

Posted by: YRM at May 25, 2011 12:39 PM (UzBwz)

36 I have to point out most economists do not predict this. They predict small growth and lingering pain, but not a further retraction.

So you're saying it would be...unexpected?

Posted by: AmishDude at May 25, 2011 12:39 PM (T0NGe)

37 30 I think Obama's toast.  His only chance is if some narcissistic prick runs as an independent.    ?!

Posted by: Donald Trump at May 25, 2011 12:40 PM (G5JPI)

38

...and you're a racist!

Posted by: Soothsayer at May 25, 2011 12:40 PM (uFokq)

39 "Media ass-kissing?" Never heard of it.

Posted by: Charles Gibson at May 25, 2011 12:40 PM (Xm1aB)

40 I've been sayin' all along that the First Dip never actually ended

It just sort of shape-shifted a bit but is still here, bitches !!111!!!

Welcome to Obamaville

Posted by: SantaRosaStan, only occasionally wrong at May 25, 2011 12:40 PM (UqKQV)

41 UNEXPECTED!

Posted by: Libtard Economist at May 25, 2011 12:40 PM (RJ+Yj)

42 What is everybody bitching about?? These bad times might only last a few more years.

Oh, boy...fetch me another martini. And this time move your ass.

Posted by: The Political Class at May 25, 2011 12:41 PM (AnTyA)

43 Btw, good sign that Democrats are supid is because they think Mediscare won them NY-26. A fake tea candidate and a douche R incumbent made them win. Thank god. Let them stick to mediscare and have the R nominee attack their use of it.

Posted by: Flapjackmaka at May 25, 2011 12:41 PM (u8JAM)

44 I wasn't alive at the time (born in 1989);

Banhammer for gloating.

Posted by: nickless at May 25, 2011 12:41 PM (MMC8r)

45 Below 30%! Double Pudding dip?

Posted by: dfbaskwill at May 25, 2011 12:41 PM (71LDo)

46 Carter = worst President of my lifetime, even worse than Obama.

Obama seems to actually dislike us, though, and that really makes his special brand of incompetence insufferable.

Posted by: Blacksheep at May 25, 2011 12:41 PM (KRoB6)

47 Been sayin' this since 2009. Ideologically, BHO can't help but destroy the economy. The economy can only absorb so many blows. I think just about anyone will be able to win against him in 2012.

Posted by: moviegique at May 25, 2011 12:41 PM (kNN2d)

48 37 30 I think Obama's toast.  His only chance is if some narcissistic prick runs as an independent.    ?!

Posted by: Donald Trump at May 25, 2011 04:40 PM (G5JPI)

Copycat.

Posted by: Ross Perot at May 25, 2011 12:41 PM (T0NGe)

49

I wasn't alive at the time (born in 1989)

 

2011-1989 = 22?

I may have a position for you at the IMF.  Working directly beneath me, of course.

Posted by: DSK at May 25, 2011 12:41 PM (G5JPI)

50
well, technically it does mean expansion.

but...ceteris paribus

Posted by: Soothsayer at May 25, 2011 12:42 PM (uFokq)

51 Sorry to be a noob, but -- POMO?  What's that?

Posted by: blue star at May 25, 2011 12:42 PM (LkWf0)

52 Nobody expects the double dip recession!

Posted by: Double dip recession at May 25, 2011 12:42 PM (T0NGe)

53 I am being forced to listen to Oprah's finale. Holy shit - now I know where Prez Training Pants gets his narcissism. This cunt foisted that asshole on us and she should go to hell for it.

Posted by: J.J. Sefton at May 25, 2011 12:42 PM (UlUS4)

54

Posted by: DSK at May 25, 2011 04:41 PM (G5JPI)

yep, 22 and right leaning

Posted by: YRM at May 25, 2011 12:42 PM (UzBwz)

55 If Obama loses, your double dip is on me.

Posted by: Pudding at May 25, 2011 12:42 PM (VndSC)

56 crap ... I thought you meant guacamole and queso ... ^&%!

Posted by: Totally Hawt Honey Badger ben DOOM! at May 25, 2011 12:43 PM (GvYeG)

57

RushBabe @ 23.....

Could it be that Europeans are finally realizing that they too will not be receiving unicorns/skittles?

 

Posted by: Cheri at May 25, 2011 12:43 PM (oiNtH)

58 born in 1989?

You need pubic hair to post on this blog.............

and be smart, and stuff

Posted by: SantaRosaStan, only occasionally wrong at May 25, 2011 12:43 PM (UqKQV)

59

This cunt foisted that asshole on us and she should go to hell for it.

Reid was the guy who got him to oficially run when everyone told him to wait some time

Posted by: YRM at May 25, 2011 12:43 PM (UzBwz)

60 53 I am being forced to listen to Oprah's finale. Holy shit - now I know where Prez Training Pants gets his narcissism.

This cunt foisted that asshole on us and she should go to hell for it.

Posted by: J.J. Sefton at May 25, 2011 04:42 PM (UlUS4)

Her farewell tour was longer than Clinton's on inauguration day 2001.

Posted by: AmishDude at May 25, 2011 12:43 PM (T0NGe)

61 Ehhh.

 President Obama will figure out a way to get those gas prices down, and that will shut up the lot of you.

Reminds me of that trip the President made to Texas last month where "Dave in Texas" was grousing about how Obama wasn't doing anything to help with the Texas wildfires, where's our disaster area federal funds, blah, blah, blah...

...and then when Obama actually did do something to help with the wild fires, Dave just sort of shut up about that subject  without really admitting he was wrong.

Posted by: Lord of the rings lover at May 25, 2011 12:44 PM (irk3g)

62 You need pubic hair to post on this blog.............

Party pooper

Posted by: Roman Polanski at May 25, 2011 12:44 PM (T0NGe)

63 Well I'm still working so I guess its easy for me to say if a good dose of economic pain wakes the country up to the fact that its been a MarxSpewMedia and 12%-22% were conned into voting for Barry (I'm saying 30-40% share his agenda) it may well be worth it. But the country I know and love doesn't survive pres. Petey until 2016. The rule of law has already taken too many blows to the head.

Posted by: Palerider at May 25, 2011 12:44 PM (dkExz)

64 Double dip? The economy never came out of the recession to begin with. We had a pretend recovery that was hyped by Barry and his media but nothing got better. Just the media hysteria to get Barry elected went away

Posted by: TheQuietMan at May 25, 2011 12:45 PM (1Jaio)

65 So, what's the preferred ron pudding flavor? I really like tapioca but some would say that isn't a pudding. There is always chocolate. For some reason, I picture the Hioney Badger with butterscotch.

Posted by: Oldsailor's poet at May 25, 2011 12:45 PM (NtTkA)

66 This just in:

Obama Sucks!!!!

Posted by: © Sponge at May 25, 2011 12:45 PM (UK9cE)

67 Harry Reid doesn't have the "gravitas" of Oprah. I mean that whole "he's the One" insanity. And this isn't even a farewell. She has her own damned network, and there'll be weekly specials to be sure. How American women can tune in to her is beyond me.

Posted by: J.J. Sefton at May 25, 2011 12:46 PM (UlUS4)

68 I took a double dip once. Almost lost the election.

Posted by: Cricket at May 25, 2011 12:46 PM (bViNN)

69 Sorry to be a noob, but -- POMO?  What's that?

Posted by: blue star at May 25, 2011 04:42 PM (LkWf0)

Permanent Open Market Operations. With a pomo, Bernanke buys the US Treasury debt and pumps liquidity into the system. The idea is that the money freed-up from holding US Government bonds will be put into use in boosting the spending and thereby the economy. This is why stocks have been going up recently but that does not mean its good.

Posted by: Flapjackmaka at May 25, 2011 12:46 PM (u8JAM)

70

President Obama will figure out a way to get those gas prices down, and that will shut up the lot of you.

Posted by: Lord of the rings lover at May 25, 2011 04:44 PM (irk3g)

Right after he shuts down Gitmo.

Posted by: Cicero at May 25, 2011 12:47 PM (QKKT0)

71
Most of you remember 1983. THIS feels nothing like 1983.

The economy was hot hot hot in 1983; unionism was on the run; and our national pride was at an all time high.

America, fuckyeah!


Posted by: Soothsayer at May 25, 2011 12:47 PM (uFokq)

72 Super Boned.

Posted by: that guy that always thinks we're boned now thinks Super Boned. at May 25, 2011 12:47 PM (GTbGH)

73 I agree...I will pay $10 Gallon and suffer a double dip recession to get rid of this piece of "Pig Shit" we have pretending to be POTUS..........

Posted by: Bob Krick at May 25, 2011 12:47 PM (48wze)

74 But yes Obama is probably loved more by the media then Carter is. Posted by: YRM at May 25, 2011 04:39 PM (UzBwz)>>>>>>> Carter got the typical love that the media shows all Democrats. What Obama gets from the media is 'stalker love'. Their obsession with this guy is beyond freakish.

Posted by: joejm65 at May 25, 2011 12:47 PM (BDB5n)

75

Posted by: Roman Polanski at May 25, 2011 04:44 PM (T0NGe)

That hash is rightfully mine!  Do you know who I am?!?!?!?

Posted by: Dominique Strauss-Kahn at May 25, 2011 12:47 PM (c45xH)

76

Posted by: Flapjackmaka at May 25, 2011 04:46 PM (u8JAM)

Thanks!

Posted by: blue star at May 25, 2011 12:47 PM (LkWf0)

77 Posted by: Cheri at May 25, 2011 04:37 PM (oiNtH)

This comment just popped up on the missing baby story:  The mother says that the baby was OK after the storm and a police officer loaded him in the back of his car.

Posted by: RushBabe at May 25, 2011 12:47 PM (Ew27I)

78 OK now, you only have 5 months, so make it good.

Posted by: The Rapture at May 25, 2011 12:47 PM (VndSC)

79 Should we attach significance to Obama being with the Queens when Bibi gave his speech?

Posted by: ParisParamus at May 25, 2011 12:47 PM (9hZ11)

80 62 You need pubic hair to post on this blog............. Party pooper Posted by: Roman Polanski at May 25, 2011 04:44 PM (T0NGe) If there's grass on the field, PLAY BALL!!!!

Posted by: J.J. Sefton at May 25, 2011 12:48 PM (UlUS4)

81 Most of you remember 1983.

Anyone who doesn't, raise your hands!  If you can't remember 1993, jump up and down.

Posted by: Roman Polanski at May 25, 2011 12:48 PM (T0NGe)

82 a double dip seems unlikely with so many companies getting ready to hire so they can incur Obamacare fees & penalties.

Posted by: X at May 25, 2011 12:48 PM (mr695)

83
Bring on the pomodoro.

Posted by: Dr. Varno at May 25, 2011 12:48 PM (QMtmy)

84 I've quit arguing with the Mrs. about her habit of tuning Oprah in. Sister-in-law gave my wife a (I'm not kidding) coffee table book about Oprah with Oprah's ugly mug on it. I came home from work, saw it, and just blew a gasket. "Get that bitch out of my house!" I haven't seen it since.

Posted by: Charles Gibson at May 25, 2011 12:49 PM (Xm1aB)

85 79 Should we attach significance to Obama being with the Queens when Bibi gave his speech?

Posted by: ParisParamus at May 25, 2011 04:47 PM (9hZ11)

Fat Bottomed Girls?

Posted by: Zombie Freddy Mercury at May 25, 2011 12:49 PM (T0NGe)

86 Woops, sock off

Posted by: Dave at May 25, 2011 12:49 PM (Xm1aB)

87

I will pay $10 Gallon and suffer a double dip recession to get rid of this piece of "Pig Shit" we have pretending to be POTUS..........

Unfortunately, you don't realize exactly how correct you are.

Posted by: Roy at May 25, 2011 12:49 PM (VndSC)

88

Maybe if oil prices stay elevated for six months or a year, but it doesn't look like that will be the case.

The housing market is kind of already built into the current mess, and the problem is still concentrated in certain areas.

The Republicans have to stop hoping for the economy to bail them out and get in front of the issue.

Why are we having the weakest recovery in the last 50 years? Why did we have to suffer through historically high levels of unemployment so that a bloated stimulus and inefficient health care bill could be passed? When do we get a President who cares more about jobs and the economy than building new programs in Washington?

Posted by: Paper at May 25, 2011 12:49 PM (VoSja)

89
...and then when Obama actually did do something to help with the wild fires, Dave just sort of shut up about that subject  without really admitting he was wrong.

Posted by: Lord of the rings lover

So Dildo Baggins is praising the works of the Won? What was so wonderful? Did he react quicker than Booooooosh did during Katrina? Did he stop the rampant cannabalism, like Boooosh failed to stop during Katrina? Do you resent peasants criticizing the Dear Leader, which the Dear Leader loved to do to Boooosh?

Posted by: Blue Hen at May 25, 2011 12:49 PM (Gzv/o)

90 President Obama will figure out a way to get those gas prices down, and that will shut up the lot of you.

Gas is dropping hard, but it's a sign of economic weakness, not strength.  Growth means demand.  Demand is down.

Posted by: nickless at May 25, 2011 12:50 PM (MMC8r)

91 84 I've quit arguing with the Mrs. about her habit of tuning Oprah in.

Posted by: Charles Gibson at May 25, 2011 04:49 PM (Xm1aB)

I thought you hadn't heard of her.

Posted by: Auto-meme detector at May 25, 2011 12:50 PM (T0NGe)

92 Obama/Biden. Sounds like a double dip to me.

Posted by: JackStraw at May 25, 2011 12:51 PM (TMB3S)

93

Most of you remember 1983.

I wasn't born by 1983

Posted by: YRM at May 25, 2011 12:51 PM (UzBwz)

94
I remember when knucklehead Ace loved double dip recessions when his hero Bush was in the White House.

Posted by: Eggmcmuffin, retard liar at May 25, 2011 12:51 PM (uFokq)

95 They'll just slap the price down with a pile of margin hikes .

Posted by: Bill D. Cat at May 25, 2011 12:52 PM (npr0X)

96

I wasn't born by 1983

Posted by: YRM at May 25, 2011 04:51 PM (UzBwz)

Tease.

Posted by: Roman Polanski at May 25, 2011 12:52 PM (T0NGe)

97

Sorry to be a noob, but -- POMO?  What's that?

Permanent Open Market Operations. I'm a noob too. But the basic concept is the Fed and the treasury are pulling a Bernie Madof.

from zero hedge:

"In a brilliant piece of investigative reporting, Chris Martenson has uncovered that the Fed, merely a week after issuing $28 billion in 7 year bonds  via its puppet, the US Treasury, of which $10 billion ended up being purchased by primary dealers, has turned and bought 47% of the primary allocated bonds in Open Market Purchases. This is undisputed monetization removed simply via one primary dealer and less than 5 days of temporal separation in order to leave no easy trace."

 

Posted by: Max Power at May 25, 2011 12:52 PM (q177U)

98 The 80s, politically speaking, were simply awesome.

Posted by: Dave at May 25, 2011 12:52 PM (Xm1aB)

99 Double dip?

No, because you have to have a recovery first. We have been flat lining for three years now.

Don't believe any number released by this set of lying shit-weasels in power.

Posted by: Vic at May 25, 2011 12:52 PM (M9Ie6)

100 31
We must follow Prsadent Obama's lead and stop using dirty oil for our cars. Electric and solar powered cars are the way to go. Once again Presadent obama shows vision while the Republi-Losers just snipe.!!!!!!!!!!
Posted by: Mary Clogginstien from Brattleboro, VT at May 25, 2011 04:39 PM (48wze)

Oh, yes - the way to go about 10 miles, then you get out and hitch a ride back home. Go back to mainlining tutti-frutti B&J, you dimwit.

Posted by: No Whining (formerly ya2daup) at May 25, 2011 12:52 PM (HmCnI)

101
Remember when Obama stopped the BP oil leak?
Yeah, that shut you knuckleheads the hell up.

Posted by: Eggmcmuffin, retard liar at May 25, 2011 12:53 PM (uFokq)

102 I have to point out most economists do not predict this. They predict small growth and lingering pain, but not a further retraction.

I'm willing to bet that most economists interviewed are Keynesians and believe in the magic of 'Stimulus'.. 

You'll only wish it was a dead cat bounce..

Posted by: Dave C at May 25, 2011 12:53 PM (YPLGQ)

103

This comment just popped up on the missing baby story:  The mother says that the baby was OK after the storm and a police officer loaded him in the back of his car.

Thank you!  I have been in tears ever since reading this story.  At least there is one happy ending.  But so many more missing. 

 I can't help but picture if GWB was still POTUS - he and Laura would be there comforting the walking wounded with their sleeves rolled up and love for their fellow Americans in their eyes.

Posted by: Cheri at May 25, 2011 12:54 PM (oiNtH)

104 I feel like getting an ice cream cone. That should help the economy!

Posted by: fluffy at May 25, 2011 12:54 PM (SwkdU)

105 about economists being wrong- it's probably a good thing predictions are more optimistic during bad times than warrented. the market is pretty irrational and emotional, so self-fulfiling predsictions are plausible and do exist toan extent.

Posted by: dudeinsantacruz at May 25, 2011 12:54 PM (YF7j+)

106

yep, 22 and right leaning

Surely you mean 12. I remember how old I was in 1989 and I "know" how old I am now and the math isn't working out.

Posted by: Dumb_Blonde at May 25, 2011 12:54 PM (bwS7Z)

107

Maybe if oil prices stay elevated for six months or a year, but it doesn't look like that will be the case.

The housing market is kind of already built into the current mess, and the problem is still concentrated in certain areas

The only reason oil is going down now is that the dollar is going up. The only reason the dollar is going up is because Europe is getting ready for a huge meltdown again. If that happens we are in recession again.

If housing doesn't recover we will be in recession again, it's 20% of our economy and only performing now at around 7%.

I don't want to plan on a recession but unless things change we are going to have one.

Posted by: robtr at May 25, 2011 12:54 PM (MtwBb)

108 Double Dip Ahead? I totally missed the end of the first dip. What gets counted as a recovery, "we've grown accustomed to this lower standard of living"?

Posted by: t-bird at May 25, 2011 12:55 PM (FcR7P)

109 No means Yes. Yes means Anal!11!11!!1!

Posted by: Delta Kappa Epsilon at May 25, 2011 12:55 PM (le5qc)

110

That was an excellent read. Thanks.

I've always thought Obama was really weak in 2012 given the debt, unemployment, gas prices, etc. BUT keep in mind, there's now about 1/2 the people in the country recieving some sort of money from the government. That extra $5 Trillion we wasted in the last 3 years went to someone, and heavens knows we don't have anything tangible to show for it.

As to Oprah, I personally don't hate her, don't wish her ill will, but find it ironic that someone who has truly experienced the great American dream lobbied for President a man who helped make that same dream so incredibly more difficult for any American in the years ahead. Bitch.

Posted by: Stateless Canadian Infidel at May 25, 2011 12:55 PM (GKQDR)

111 Flooding in the midwest will cause food shortages that will definitely not be good for the economy.

Posted by: shibumi at May 25, 2011 04:31 PM (OKZrE)

Per the Ohio Farm Bureau: Worst planting season in 60 years.

Posted by: ErikW at May 25, 2011 12:55 PM (zXYtA)

112
America is Back!

Posted by: Newsweek at May 25, 2011 12:55 PM (uFokq)

113 Gas is dropping hard, but it's a sign of economic weakness, not strength.  Growth means demand.  Demand is down.

Posted by: nickless at May 25, 2011 04:50 PM (MMC8r)

Where do you live? It's $3.95 here in SE PA. According to Drudge, oil went over $100 again

Posted by: Flapjackmaka at May 25, 2011 12:56 PM (u8JAM)

114
Any canucks in the house?

Posted by: Newsweek at May 25, 2011 12:56 PM (uFokq)

115 I certainly am not hoping for a double dip but the only way it can be avoided is action by the Republican controlled House. Ain't going to happen. Right now they are just delaying the double dip. If Obama opened up the permit spigot to drill for oil and made the tax cuts permanent, the economy would crank up again. Two simple acts that would ensure his reelection but his inner communist won't allow it.

Posted by: polynikes-Romney supporter at May 25, 2011 12:56 PM (T8iAI)

116

You guys need to stop wishcasting and just accept Obama will win re-election, we need to get the Senate and protect the House, Paul Ryan's plan was overreaching by the Republicans. But I'm on you guys side, seriously, I am.

Posted by: Greg, Conservative Warrior at May 25, 2011 12:56 PM (UzBwz)

117 the market is pretty irrational and emotional,

Funny.  In Spanish, the word "mercado" is of the masculine gender.

Posted by: AmishDude at May 25, 2011 12:56 PM (T0NGe)

118 Something to ponder:

Teh Won might indeed run on a platform of giving benefits to everyone all the time. And you've got to admit that people want hand outs, not "austerity."

So as long as he's promising the moon to the peons, we're looking at 4 more years.

As long as Uncle Sugar can print money, the Democrats are in good shape.

Posted by: shibumi at May 25, 2011 12:57 PM (OKZrE)

119 Oh, the MBM will still cover for Their Creation; however, a double-dip will ensure more of them are out of a job, too. The volume of their megaphone will diminish not because of a change in ideology but because of a reduction in speakers.

I pray one day their megaphone, as they're yelling into it, explodes into self-inflicting shrapnel and pain. But mostly pain.

Posted by: AnonymousDrivel at May 25, 2011 12:57 PM (DAEhL)

120 Cheri @57 -- I think Nile Gardiner's Top 10 Insults Against Britain, 2011 edition, may have reminded them how stupid they were to think that JEF was such hot shiite.

Posted by: RushBabe at May 25, 2011 12:57 PM (Ew27I)

121

President Obama will figure out a way to get those gas prices down, and that will shut up the lot of you.

 

Hey Dildo Baggins, if you paid as much attention to the musings of your Dear Leader as we, you'd know that he suggested at one point that rising prices were not only to the good, but essential to his plans for us lucky people to be forced to drive cars fueled by crappy ethanol, or electricity of which we have no surplus generating capacity.

Meanwhile, he rides in vehicles called the beast. Married one too.

Posted by: Blue Hen at May 25, 2011 12:57 PM (Gzv/o)

122 The media in the 70's was certainly liberal but it was better hidden by the pretense of objectivity, not nearly so transparently partisan then.  Knob gobbling is an accurate description of 21st century media bias by comparison.

Posted by: Bob Saget talking shit about Total at May 25, 2011 12:57 PM (F/4zf)

123 OT Hot Air has story up--report that Rick Perry is thinking about running. Please do it Rick!

Posted by: Dave at May 25, 2011 12:57 PM (Xm1aB)

124 I must have ESP. Tepid Air has a bit about Did Oprah's endorsement sway the election? Her and Toonces are two sides of the same phony coin. Feh and double-feh.

Posted by: J.J. Sefton at May 25, 2011 12:58 PM (UlUS4)

125

As to Oprah, I personally don't hate her, don't wish her ill will, but find it ironic that someone who has truly experienced the great American dream lobbied for President a man who helped make that same dream so incredibly more difficult for any American in the years ahead. Bitch.

Posted by: Stateless Canadian Infidel at May 25, 2011 04:55 PM (GKQDR)

It's a common phenomenon.

"I've got mine."

Posted by: AmishDude at May 25, 2011 12:58 PM (T0NGe)

126 As much as I don't want to see good patriots suffering through a shit economy, the system needs to fail, catastrophically. The system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very people we are trying to save. But until we do, these people are still a part of that system, and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will do anything to protect it.

Posted by: Morpheus at May 25, 2011 12:58 PM (IwHwZ)

127

Where do you live? It's $3.95 here in SE PA. According to Drudge, oil went over $100 again

We peaked at $4.09, today it's $3.59, same station.  A friend is reporting stations in the area as low as the $3.20s (CostCo).

Posted by: nickless at May 25, 2011 12:58 PM (MMC8r)

128 Note that it's a "W" shaped recession predicted? I think you know where this is going....

Posted by: Typical Lib Mouth Breather at May 25, 2011 12:58 PM (CYoZS)

129 I'm not at all wishing for a double-dip recession. I just hope Obama gets exactly as much credit for the economy as he cosmically deserves.

Posted by: chemjeff at May 25, 2011 12:58 PM (tKAyd)

130 It's really not all that bad you know.  Less of a crash, more of slow grinding surrender to entropy.

Posted by: japan's lost decade II at May 25, 2011 12:59 PM (GTbGH)

131 Rick! Rick! Rick!

Posted by: YRM at May 25, 2011 12:59 PM (UzBwz)

132 Rick Perry getting in? Hooray!!, Another candidate to beat the hell out of.

Posted by: Oldsailor's poet at May 25, 2011 01:00 PM (NtTkA)

133 > 11 I've been expecting this ever since gas edged up to $4 / gallon in my area. If the economy is clearly in a recession when 2012 rolls around, I'm not sure there's any amount of media ass-kissing that can prop Obama up. Posted by: Brandon In Baton Rouge I'm sure we'll see a quantity of media ass-kissing that will put the theory to the test. If you thought they were in the tank in 2008, baby you ain't seen nothing yet! Pundits who are saying why Obama has a rough road to re-election haven't factored in the unprecedented level of media bias we'll be seeing in the next election cycle. Now I'm not saying Obama is favored to win - just that his odds are better than you'd think when you compare him with Bush 41 or Carter.

Posted by: Comrade Arthur at May 25, 2011 01:00 PM (KE+Ya)

134 124: Thinking about. ?! Do or do not

Posted by: yoda at May 25, 2011 01:00 PM (dkExz)

135 I am more than willing to live through 2 more years of pain in order to assure that bastard is shown the exit. Easy peasy, nice 'n' easy. Beats grinding civil war for 4 years or so.

Posted by: maddogg at May 25, 2011 01:01 PM (OlN4e)

136

Carter won in 1976 because he wasn't a Nixonite.

The media of the day wasn't all that fond of Carter, they made fun of him and his family incessantly for being southern WT. 

This time is very different. 

Posted by: Boots at May 25, 2011 01:01 PM (neKzn)

137 Since GDP includes government spending, don't mistake the (anemic) growth we've seen for an indicator of economic health.

If you factor out all Barry's deficit spending, there won't be a double-dip. Because the first dip never ended.


Posted by: Andy at May 25, 2011 01:02 PM (5Rurq)

138 Personally I think weÂ’re headed for the full-frontal Greatest Depression and itÂ’s going to be global in scope. And I donÂ’t think that thereÂ’s anything that can be done at this point to keep it from happening. Stock up on food, water, guns, medical supplies, and precious metals now.

Preach it, Brother!

Posted by: Glenn Beck at May 25, 2011 01:03 PM (Ew27I)

139 Hot Air has story up--report that Rick Perry is thinking about running.

Please do it Rick!

Posted by: Dave at May 25, 2011 04:57 PM (Xm1aB)

I think there was a thread here a little bit ago about it

Posted by: Flapjackmaka at May 25, 2011 01:03 PM (u8JAM)

140

Now I'm not saying Obama is favored to win - just that his odds are better than you'd think when you compare him with Bush 41 or Carter.

THIS, anyone else would have Dubya 2nd term approvals right now

that said, 2nd terms do tend to be the harshest for a President, meaning if you thought the 1st term was harsh, you ain't seen nothing yet boy!

Posted by: YRM at May 25, 2011 01:04 PM (UzBwz)

141 Gas is dropping hard, but it's a sign of economic weakness, not strength.  Growth means demand.  Demand is down.

Posted by: nickless at May 25, 2011 04:50 PM (MMC8r)

 

I agree.  No matter what happens in the ME or with moratoriums, the price of oil is still governed by supply and demand (and I'm not forgetting the value of the dollar) on the open market.  When people stop driving because the price of gas is too high, the supply rises and prices drop and vica versa.

My fear is that the so-called Overton Window has been moved to the point where people will start getting ecstatic over $3 gas.  If we had a sound and practical energy policy, we shouldn't be paying more than $1.50/gal. 

 

Posted by: Soona at May 25, 2011 01:04 PM (/orNl)

142

The first thing my kollidge economics professors says is, "All of the world's economists, laid end to end, wouldn't reach a conclusion."

True. I wonder where all the economists are that know and understand how our free market system is supposed to work are. I haven't heard one step up to the mic and give a dissertation on why we're in this mess. To me, it's as plain as the boobs on Christina Hendrick's wonderfully ample chest. We've reached the tipping point where government intervention in the marketplace is dragging out economy down faster and faster.

Shit I could do it, and I'm a Moron. I'm starting to think that we here at the HQ know more about economics than all the idiots in Washington combined.

Posted by: BackwardsBoy at May 25, 2011 01:05 PM (d0Tfm)

143

Posted by: Glenn Beck at May 25, 2011 05:03 PM (Ew27I)

and meanwhile, this half hour of the Glenn Beck show is sponsored by Snickers

*promo of something awesome for Beck to announce w/in the next 2 months plays w/ hype music and narrator talking about enlightment*

Posted by: YRM at May 25, 2011 01:05 PM (UzBwz)

144
our nation's economic future is teetering between recovery and depression; I feel it can go either way.

how do you reckon our economy can boom again when we have the most anti-business, anti-profit administration in our nation's history?

Posted by: Soothsayer at May 25, 2011 01:06 PM (uFokq)

145 115
Any canucks in the house?

Posted by: Newsweek at May 25, 2011 04:56 PM (uFokq)

Technically, I'm a canuck but I only have national pride in my country from the 1960's backwards. They forever lost me when we started having Human Rights Tribunals and I'm working on fleeing.

But, yeah, technically, you have one here. Why?

Posted by: Stateless Canadian Infidel at May 25, 2011 01:06 PM (GKQDR)

146

Meanwhile, he rides in vehicles called the beast. Married one too.

Blue Hen

Did you see the picture of him with the Queen & Prince Phillip in front of the palace with Michelle when the wind was blowing?  Holy Christ - she's scary!  I have honestly never seen a first lady look so bad....and yes I have seen pictures of Eleanor Roosevelt.

Posted by: Cheri at May 25, 2011 01:06 PM (oiNtH)

147 Antisemitism wasn't as hip in the 70s either.  The man was ahead of his time.  The modern liberal establishment would have adored Carter almost as much as the latte messiah.

Posted by: Bob Saget talking shit about Total at May 25, 2011 01:06 PM (F/4zf)

148 @Glenn Beck Glenn, what is today's deal over at Markdown.com?

Posted by: Glenn Beck at May 25, 2011 01:06 PM (BBlzg)

149 I'd just like to say fuck Harry Reid for being a weaselly duplicitous jackass on budget issues.

Posted by: Miss'80sBaby at May 25, 2011 01:07 PM (CLYmB)

150
Canuck, ever watch the tv series KINGS?

any good?

Posted by: Soothsayer at May 25, 2011 01:07 PM (uFokq)

151 > 88 ... When do we get a President who cares more about jobs and the economy than building new programs in Washington? Posted by: Paper When do we get a President who doesn't try to run the economy but gets out of the way and enforces the law?

Posted by: Comrade Ghost of Hayek at May 25, 2011 01:07 PM (KE+Ya)

152

Where do you live? It's $3.95 here in SE PA. According to Drudge, oil went over $100 again

I'm here in So Cal. I have to fill up everyday during the work week (240 mile commute). Since January, I've literally been watching the prices change daily. It got as high as $4.55 (premium) a couple of weeks ago and yesterday I paid $4.22. Wonder what today's gonna bring?

Yesterday, I saw the price and for a brief second thought 'wow ... it's down to $4.22' followed quickly by 'fuck that ... it's $4.22'. I worry that a mild easing of the pain is going to make people forget what a fucking mess this is.

Posted by: Dumb_Blonde at May 25, 2011 01:07 PM (hbVjI)

153
King, rather.

Posted by: Soothsayer at May 25, 2011 01:07 PM (uFokq)

154

ethanol is clearly the way out of this mess.

 

Posted by: Warden at May 25, 2011 01:08 PM (sZ7XD)

155 The presidential text sounded as if it had been worked on so hard and conscientiously by a vast team of helpers that it had lost all savour, and been reduced to a series of orotund banalities, of the sort which can be heard at every tedious Anglo-American conference.

Nice! Preznint Orotund Banalities

Posted by: No Whining (formerly ya2daup) at May 25, 2011 01:09 PM (HmCnI)

156

ethanol is clearly the way out of this mess.

Posted by: Warden at May 25, 2011 05:08 PM (sZ7XD)

Shure as *hic* hell ish.

Posted by: stuiec at May 25, 2011 01:09 PM (Di3Im)

157

a little concerned here,

Obama's at 53% on Gallup, so Gallup has a History of being wrong and oversamples Dems, fine. Good point.

but Rasmussen has him at 50%, wtf gives? is the Osama bounce still in effect?

Posted by: YRM at May 25, 2011 01:10 PM (UzBwz)

158 The presidential text sounded as if it had been worked on so hard and conscientiously by a vast team of helpers that it had lost all savour, and been reduced to a series of orotund banalities, of the sort which can be heard at every tedious Anglo-American conference.

That would be what we call "situation normal". Has the writer never heard Obama speak?

Posted by: Waterhouse at May 25, 2011 01:10 PM (jPPat)

159

Posted by: Soothsayer at May 25, 2011 05:07 PM (uFokq)

I haven't seen King but ShowTime has "Endgame" which is about an agora-phobic Russian chess champion that solves crimes. That's my current favourite show.

(if that was to me. If not, sorry...)

Posted by: Stateless Canadian Infidel at May 25, 2011 01:10 PM (GKQDR)

160

ethanol is clearly the way out of this mess.

 

Posted by: Warden at May 25, 2011 05:08 PM (sZ7XD)

 

I'm sorry, I was on the shitter. What's happening now?

Posted by: Bob Schieffer at May 25, 2011 01:10 PM (zXYtA)

161
stu, still visiting Frum's Circle Jerk?

I was asking earlier today if Frum 's Jon Huntsman.

Posted by: Soothsayer at May 25, 2011 01:10 PM (uFokq)

162
Endgame, eh?
I'll check it out. thanks.

Posted by: Soothsayer at May 25, 2011 01:11 PM (uFokq)

163

Obama giving a speech looks & sounds like an animatronic from the Hall of Presidents.  Look to the left, gesture with hand, look to the right, nod head emphatically, look to the...............there's no there there.

Compare to Netanyahu, he can electrify the room and he's not even ours.

Posted by: Boots at May 25, 2011 01:12 PM (neKzn)

164 Anytime Soothsayer. Keep seeing the promos for King though. Fortunately with the internet, if the show stays around, I can catch it someday.

Posted by: Stateless Canadian Infidel at May 25, 2011 01:13 PM (GKQDR)

165 150 I'd just like to say fuck Harry Reid for being a weaselly duplicitous jackass on budget issues.
Posted by: Miss'80sBaby at May 25, 2011 05:07 PM (CLYmB)

M80s, you've been hanging around a bunch of bad influences. 

Posted by: The War Between the Undead States at May 25, 2011 01:13 PM (FYCiJ)

166

"Well it means at least another two years of deep recession and grinding unemployment."

What? I thought that was Presidents Day, when JEF steps out side and sees his shadow.

(Lifted from "Jimmytheclaw" at Blogmocracy"

 

 

Posted by: Arbalest at May 25, 2011 01:14 PM (xTRDv)

167 Is this the hot IDF chick thread?

Posted by: Totally Hawt Honey Badger ben DOOM! at May 25, 2011 01:14 PM (GvYeG)

168 Rick Perry getting in? Hooray!!, Another candidate to beat the hell out of.

Posted by: Oldsailor's poet

*snort*


Posted by: RushBabe at May 25, 2011 01:14 PM (Ew27I)

169 Soothsayer: "how do you reckon our economy can boom again when we have the most anti-business, anti-profit administration in our nation's history?"

Bingo. Can't and won't. Obama can read as many teleprompter speeches he wants. The czars, appointees, and rogue actors will still do the damage while Obama gets shined by the MBM as the patina he was designed to be.

Only those who pay-to-play will find the waters treadable. All else will drown. Eventually, everyone will.

Posted by: AnonymousDrivel at May 25, 2011 01:16 PM (DAEhL)

170 ...and the only broadcast news available was on network TV, and the anchors were all fusty old farts nobody under thirty took very seriously.

Posted by: A Balrog of Morgoth at May 25, 2011 01:17 PM (R8y66)

171 ooops I meant ... is this the hawt .....

Posted by: Totally Hawt Honey Badger ben DOOM! at May 25, 2011 01:17 PM (GvYeG)

172  President Obama will figure out a way to get those gas prices down, and that will shut up the lot of you.

Posted by: Lord of the rings lover at May 25, 2011 04:44 PM (irk3g)

Does Soros really have to outsource his trollblogging operation offshore?  I'll wager he didn't choose to base it in Britain proper: probably looked for lower-wage Commonwealth countries like India or Kenya.

Posted by: stuiec at May 25, 2011 01:18 PM (Di3Im)

173 I wonder how all the people felt outside when the Ark door was closed and it began to rain on them.

Posted by: MarkC at May 25, 2011 01:19 PM (yPPVC)

174

Compare to Netanyahu, he can electrify the room and he's not even ours.

Posted by: Boots at May 25, 2011 05:12 PM (neKzn)

 

You're wrong.  He is one of us.  Why do you think we celebrated his smack-down of Petey threatening a free nation? 

Posted by: Soona at May 25, 2011 01:19 PM (/orNl)

175 I'd just like to say fuck Harry Reid for being a weaselly duplicitous jackass on budget issues.
Posted by: Miss'80sBaby at May 25, 2011 05:07 PM (CLYmB)

M80s, you've been hanging around a bunch of bad influences. 

Posted by: The War Between the Undead States at May 25, 2011 05:13 PM (FYCiJ)

Can we adopt WDJ as Reid's official designation, like JEF for Obama?

Posted by: stuiec at May 25, 2011 01:19 PM (Di3Im)

176 Is this the hot IDF chick thread?

Posted by: Totally Hawt Honey Badger ben DOOM! at May 25, 2011 05:14 PM (GvYeG)

All threads are the hot IDF chick threads.

Posted by: stuiec at May 25, 2011 01:20 PM (Di3Im)

177 So Everclear is ethanol?

Posted by: rdbrewer at May 25, 2011 01:20 PM (6L9U5)

178 178 Really crappy but, yes. More like paint thinner.

Posted by: De' Debil Hisself at May 25, 2011 01:22 PM (H+LJc)

179 re: YWL; I always wonder .. why does someone who blogs on a completely free platform "need' donations?

Posted by: Chuckit at May 25, 2011 01:23 PM (qBXjd)

180 "When do we get a President who doesn't try to run the economy but gets out of the way and enforces the law?"

When we elect Sarah Palin. 

Posted by: VADM (Red) Cuthbert Collingwood RN at May 25, 2011 01:23 PM (asCHi)

181 Apparently Barky the Orator, by his own admission, has been a great one term president.

Hmm.  How can I put this in terms that even a liberal troll can understand:

Barky is even stupider than George Bush.  Does that work?

Posted by: Fritz at May 25, 2011 01:24 PM (AN8d5)

182

158

but Rasmussen has him at 50%, wtf gives? is the Osama bounce still in effect?

Ras also over samples dems

Posted by: ABBO at May 25, 2011 01:26 PM (vko30)

183 177 bravo zulu!

Posted by: Totally Hawt Honey Badger ben DOOM! at May 25, 2011 01:27 PM (GvYeG)

184 "Well it means at least another two years of deep recession and grinding unemployment."   Check. 

"It also means the likelihood of Obama's reelection drops somewhere below 30%."   Don't bet your next unemployment check on that.   I haven't seen a reliable poll yet with his approval rating much below 50. 

Posted by: VADM (Red) Cuthbert Collingwood RN at May 25, 2011 01:27 PM (asCHi)

185

Posted by: VADM (Red) Cuthbert Collingwood RN at May 25, 2011 05:23 PM (asCHi)

*facepalm*

Posted by: YRM at May 25, 2011 01:30 PM (UzBwz)

186 Ok what the heck ... everytime I try to post a tinyurl I get the "this is too long" deal ... 

Posted by: Totally Hawt Honey Badger ben DOOM! at May 25, 2011 01:31 PM (GvYeG)

187 "When do we get a President who doesn't try to run the economy but gets out of the way and enforces the law?"

When we elect Sarah Palin.

FIRE IN THE HOLE...!

Posted by: AoSHQ's DarkLord©, diving for cover at May 25, 2011 01:34 PM (GBXon)

188

Meanwhile, he rides in vehicles called the beast. Married one too.

Posted by: Blue Hen at May 25, 2011 04:57 PM (Gzv/o)

 

I'm still cracking up!

Posted by: SomeWhereSouthWest at May 25, 2011 01:38 PM (CyPWX)

189 Why do we dip twice?  Because we are now slaves in Egypt socialism

Posted by: ParisParamus at May 25, 2011 01:48 PM (tUIG0)

190 Another dip ahead? Trust me, the ride'll be smooth, fast, and downhill. Like we're on rails.

Posted by: "Choo-choo" Biden at May 25, 2011 01:52 PM (FcR7P)

191 Double Dip?!? CNN and AP are calling this the "recovery" albeit with a few bumps. I'm confused.

And there you have it. If there is a double dip, how will we know? You think CNN and her panty-throwing sisters will tell the tale? Who trusts any of the economic numbers published by our government?

Who you gonna believe, Obama the Magnificent or that lying sewer called Faux News?


Posted by: Full Moon at May 25, 2011 01:56 PM (m75CK)

192 If we could get ourselves a federal government that would get out of markets--completely out of markets, we'd have an economy, and employment levels, and a standard of living that would be the envy of the world. But, then, I'm a fucking "purist," so what do I know?

Posted by: Bugler at May 25, 2011 01:58 PM (VXBR1)

193 Wife, the average housewife, is able to predict the doom inflicted by 4 dollar gas. This proves that your average economist does know jack when it goes to understanding economic policy.

Posted by: sTevo at May 25, 2011 01:59 PM (RD/KP)

194 The Dems are so proud of FDR's leadership during GD I, but you notice Obama is not making a lot of noise and lookinglike he's *doing something* the way FDR did.     In fact, he's slacking.

Hmm.

Posted by: Jeannie at May 25, 2011 02:05 PM (GdalM)

195 I can pretty much promise you that we're heading into a double dip recession. Unfortunately, business has been dropping lately just like it has before every previous recession. Honestly, go back and look at those policy videos on youtube that Obama released during the election. Anybody who voted for this moron had to be an economic illiterate. Every single policy this idiot stood for was guaranteed to crash the economy.

Posted by: naturalfake at May 25, 2011 02:19 PM (I49Jm)

196 I'd just like to say fuck Harry Reid for being a weaselly duplicitous jackass on budget issues.
Posted by: Miss'80sBaby at May 25, 2011 05:07 PM (CLYmB)

That actually startled the crap out of me.

Posted by: ontherocks at May 25, 2011 02:20 PM (HBqDo)

Posted by: curious at May 25, 2011 02:52 PM (k1rwm)

198

Believe Yid with Lid,

I have a small business.  I was recently offered an easy opportunity to expand.  Unfortunately the person offering me the opportunity had no idea of the direct cost in hiring and the legal liability in hiring a new employee - especially for a micro-business like mine (Micro Business <$2M in annual Rev).

Bottom line, I lose 50 cents of every dollar for the new employee and incur significant legal liability in hiring an employee.  Add to the that the regulatory uncertainty from both my federal government and Democrat controlled local government - I cannot make enough money on the added employee to offset all the risk and intangible effort in hiring an employee.  For those who don't recognize this, for a micro-business, employees for better or worse become extended family members...

Given this itÂ’s highly unlikely the unemployment rate will drop.  Who is going to hire under these circumstances?

No one – case closed

 

Posted by: NVA Patriot at May 25, 2011 02:55 PM (C5Apf)

199 Don't feel alone Ace, "most economists" keep being blindsided by unexpected doses of reality too.

Posted by: ThomasD at May 25, 2011 03:26 PM (LcNn7)

200 There must be some rich folks left out there somewhere, if those Copper river Alaska sockeyes are flying out of the supermarkets at $12; lb.    Keep buying and enjoying them,  sure improves the economy of  the fishermen up here.  I have been fishing up here for 36 years and in that entire time, I have never heard one woman refer to herself as a " fisher-woman".  They are too busy making money to mess with such  PC bullshit.

Posted by: yakima canutt at May 25, 2011 06:56 PM (plmW1)

201 Your blog is one of a kind, i love the way you organize the topics

Posted by: discount nike max women at May 25, 2011 10:54 PM (xu/ZL)

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