June 19, 2012
— Ace Not "gain" them at a pace too slow to even match population growth, but actually lose them. A bona fide contraction.
Pethokoukis' piece is short enough to just say "read the whole thing."
And all of this is before Europe craters, too.
This is horrible. The only thing that makes it seem less horrible is that I was pretty confident this was going to happen. Since before the end of the past year, when it was pretty clear the economy was not going to recover, I began switching my thinking to the likely possibility of a second dip. By February, I was pretty sure.
All of those Monty "DOOM" posts. And no signal of a true recovery.
So this is already baked into my mental cake. I'm sure that's true of most of you.
I do not understand why economists kept insisting this was a "recovery" when it looked almost nothing like a recovery. Yet they kept making predictions based on the notion that we were recovering.
Posted by: Ace at
01:16 PM
| Comments (216)
Post contains 192 words, total size 1 kb.
Posted by: tcn at June 19, 2012 01:18 PM (eFcVx)
Posted by: bicentennialguy at June 19, 2012 01:18 PM (7qWDO)
Posted by: Jumbo Shrimp at June 19, 2012 01:18 PM (DGIjM)
Posted by: Gerry at June 19, 2012 01:18 PM (JUrMe)
Posted by: tcn at June 19, 2012 01:19 PM (eFcVx)
Posted by: finagle at June 19, 2012 01:20 PM (HOOye)
Posted by: © Sponge at June 19, 2012 01:20 PM (UK9cE)
yeah, and think of all the homes the banks are sitting on. At least the lights are on and somebody's mowing the lawns. For now.
Posted by: Clutch Cargo at June 19, 2012 01:20 PM (Qxdfp)
Posted by: Christopher Taylor at June 19, 2012 01:20 PM (r4wIV)
They will especially get better in October.
Posted by: Vic at June 19, 2012 01:20 PM (YdQQY)
Posted by: finagle at June 19, 2012 05:20 PM (HOOye)
That lie only works if you are employed. For those of us who are at the short end of that stick, the number doesn't matter a damn.
Posted by: tcn at June 19, 2012 01:21 PM (eFcVx)
Posted by: Halloween costumes at June 19, 2012 01:21 PM (HOOye)
I miss Monty and the doom posts. Also, does anyone remember what day he had his last post with the kitty walking down the railroad tracks?
Posted by: Vic at June 19, 2012 01:22 PM (YdQQY)
Posted by: Roy at June 19, 2012 01:22 PM (tiOTz)
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at June 19, 2012 01:23 PM (8y9MW)
Banks are sitting on tons of non-producing commercial property loans.
They have been...for several years now.
I don't know how they're able to hide them.
Posted by: wheatie at June 19, 2012 01:24 PM (M2JTb)
Posted by: AllenG (Dedicated Tenther) Channelling Breitbart at June 19, 2012 01:24 PM (8y9MW)
Posted by: The Pitt at June 19, 2012 01:24 PM (7lbXY)
Sure it will, at least officially. They'll release 2nd quarter numbers showing unemployment magically dropped to 7.6%, only to issue the "revised" numbers after the election.
Posted by: Hollowpoint at June 19, 2012 01:25 PM (SY2Kh)
Posted by: Bill from Chappaqua at June 19, 2012 01:25 PM (Bxm/r)
Posted by: OceanusRex at June 19, 2012 01:25 PM (yAI5q)
Posted by: Jumbo Shrimp at June 19, 2012 01:25 PM (DGIjM)
Posted by: Dr. Varno at June 19, 2012 01:26 PM (PUfmZ)
I think of it like this. We are walking down dark tunnel. Two years ago we heard the distant whistle ahead of us. A year ago we could feel the tracks start to rumble. 6 months ago we could clearly see the headlamp of the engine. Now it's so damn close it's illuminating the tunnel and we can see the cockroaches scurrying for cover. The Obama solution
FORWARD!
Posted by: MikeTheMoose Lite! 98% Anger Free! at June 19, 2012 01:26 PM (0q2P7)
Look at the bright side, folks. A second downturn guarantees we shall rid ourselves of the plague of stupidity infesting the hallowed halls of government. It will be worth it, in fact its a bargain.
Adios clueless idiots, don't let the door hit moochelle in the caboose on yer way to obscurity.
Posted by: maddogg at June 19, 2012 01:27 PM (OlN4e)
Posted by: RoyalOil at June 19, 2012 01:27 PM (kSaUf)
unless you are being Unibomber level anti-social, you know how many friends and family and neighbors are unemployed or underemployed, and how many empty storefronts there are in your area and how many people are either evicted or foreclosed upon...
sooner or later, even sheep look up.
Posted by: redc1c4 at June 19, 2012 01:28 PM (8MasJ)
Well, there's despair and destruction as I far as can tell.
Posted by: dantesed at June 19, 2012 01:28 PM (XT2l/)
"The private sector is doing fine" was not the tipping point, it was the release of the preference cascade...
Posted by: Bob's Country Bunker at June 19, 2012 01:28 PM (Bxm/r)
Posted by: CUS at June 19, 2012 01:28 PM (84pE9)
Call it Lucky Chooms.
Posted by: Waterhouse at June 19, 2012 01:29 PM (GnKed)
Posted by: cajun carrot at June 19, 2012 01:29 PM (UZQM8)
Posted by: Jumbo Shrimp at June 19, 2012 01:30 PM (DGIjM)
Posted by: Barky O'Dogeater at June 19, 2012 01:31 PM (3gUvw)
I may have lost the ability to read a graph, but it looks to me like that drop is in the noise. That doesn't mean there won't be a contraction, or that things are as rosy as Obama says, but I just don't see a lot of cause for alarm in that graph. What am I missing?
Posted by: pep at June 19, 2012 01:31 PM (6TB1Z)
Posted by: seriously at June 19, 2012 01:31 PM (HOOye)
Posted by: MikeTheMoose Lite! 98% Anger Free! at June 19, 2012 01:31 PM (0q2P7)
This. I have friends (no, really, I do have friends) that have been out of work for over 2 years.
No one believes 8%.
Posted by: CUS at June 19, 2012 01:31 PM (84pE9)
Posted by: Whiny Socialist Ahole BO Supporter at June 19, 2012 01:32 PM (QxDuX)
Posted by: maddogg at June 19, 2012 01:32 PM (OlN4e)
Posted by: Jumbo Shrimp at June 19, 2012 01:32 PM (DGIjM)
At some point we have to admit that Obama's administration caused the worst economic condition ever; worst than Depression #1.
Depression #II, The sequel Starting Barack Obama.
Posted by: sTevo at June 19, 2012 01:33 PM (cjQx6)
Posted by: cajun carrot at June 19, 2012 01:33 PM (UZQM8)
Posted by: Mjim at June 19, 2012 01:33 PM (Qgb/H)
Posted by: Velvet Ambition at June 19, 2012 01:33 PM (mFxQX)
Prepare for a flood of MFM stories about how Obama set the stage for the recovery and Romney is a threat to it.
Posted by: pep at June 19, 2012 01:33 PM (6TB1Z)
Why the kinder gentler have I been paying rent for the past three years?!
And if any of you have some experience in aerospace software controls development and need work enough to move to
Posted by: HeatherRadish™ slurpin' onna 32oz fountain drink at June 19, 2012 01:34 PM (ZKzrr)
Posted by: Princess Isabelle to Romney at June 19, 2012 01:34 PM (YdQQY)
The Great Depression wasn't the first Depression the US had suffered. It was the first one we used Keynes' theory to try and fight.
Posted by: MikeTheMoose Lite! 98% Anger Free! at June 19, 2012 01:36 PM (0q2P7)
Posted by: polynikes at June 19, 2012 01:37 PM (B2fm1)
Posted by: BlackOrchid-TeamDagny at June 19, 2012 01:37 PM (SB0V2)
That should shore up the fabric of society.
Posted by: Derak at June 19, 2012 01:37 PM (VEhDR)
Posted by: Midaz at June 19, 2012 01:37 PM (O/RV5)
Posted by: ... at June 19, 2012 01:38 PM (HOOye)
"Green shoots"
"Recovery Summer"
and all the other dis-proven claims about growth just around the corner.
Posted by: RoyalOil at June 19, 2012 01:38 PM (kSaUf)
Posted by: dogfish at June 19, 2012 01:38 PM (N2yhW)
I don't know Ace. In my business, the air charter business is thriving. We had a Midway trip the other day and the Fixed Based Operator (gas station for private jets) was full of the 1%'s with their sweaters dangling over their shoulders. Stressed out Pilots running around trying to find their Thurston Howell to fly somewhere, and signing $5,000 Jet-A bills. The private aviation biz is coming back strong again IMHO. Why do I bring this up? Because shit rolls down from the top, and these people who fly privately employ thousands. I'm not giving Obama credit for this. I'm jus' sayin'.
Just trying to provide a little anti-doom. And those who know me know that i'm hardly a glass half-full kind of guy. I'm just observing.
Posted by: Hawker Flyer at June 19, 2012 01:38 PM (kheK+)
Wife's in real estate - we know the ball's gonna drop on the higher end homes here in CA. The banks have just started foreclosing again - there's very little inventory right now.
Stats are that more than 75% of people don't even contact the banks to see if there's anything they can do. Hell, our neighbors just stopped paying their first and bailed. (why not the second?). Unfortunately for them they can't really claim hardship. People are walking all over - it starts to get tempting when you're underwater. Hell, we could default and save $300k easy.
Posted by: Clutch Cargo at June 19, 2012 01:38 PM (Qxdfp)
have some experience in aerospace software controls development
You don't have a line of qualified applicants going around the block?
Posted by: fluffy at June 19, 2012 01:38 PM (O6q63)
Yeah. Certainly not good news. But so far as I recall, the economy continues to expand.
Whether it ends up in a new recession or not, the economy has been harmed by Obama's actions.
And I thought the guy was a shoe-in for re-election just a few months ago. Not that I would bet against it even now given his electoral college advantage. But it's nice to imagine him on the links w/o being the POTUS.
Posted by: Pigilito at June 19, 2012 01:39 PM (CU+o0)
Posted by: Jumbo Shrimp at June 19, 2012 01:40 PM (DGIjM)
So basically, we get to blame Monty! Hey Obama, you get yet another scapegoat, you lucky sumbitch you. ;-)
Posted by: Millswaith at June 19, 2012 01:41 PM (ScLCD)
Posted by: Sgt. Fury at June 19, 2012 01:41 PM (imdda)
Red Flags....
The reign of Barky has been a red flag from the get go.
Massive uncertainty is the trademark of the Barky years.
Investors are sitting on massive amounts of capital....that they are afraid to invest.
Once we get a capitalist in the white house again, I think that that alone will signal that the 'coast is clear'....and it will be safe to invest in job-creating activities again.
Posted by: wheatie at June 19, 2012 01:42 PM (M2JTb)
Posted by: cajun carrot at June 19, 2012 05:29 PM (UZQM
Me too. Why did Doom stop?
Well, Doom never stopped. It's still ongoing at a frustratingly slow pace. But I haven't seen Monty posts. So why did the Monty posts about Doom stop?
Posted by: Stateless_Infidel at June 19, 2012 01:43 PM (8UijS)
Posted by: seriously at June 19, 2012 05:31 PM (HOOye)
------------------------------------------------
If we can shed Ocare, much of the regulations (I'm looking at you, EPA) and other financial restrictions this regime has chained us to, I think we'll be in awe at how fast this economy will recover. Free markets, baby.
Posted by: Soona at June 19, 2012 01:43 PM (58frh)
Posted by: Jumbo Shrimp at June 19, 2012 01:43 PM (DGIjM)
Posted by: jewells45 at June 19, 2012 01:43 PM (UljOc)
no way all the newly anointed non-illegals with their shiny new permits are going to be able to find j*bs, so they will be down at the local government offices applying for free shit.
Posted by: redc1c4 at June 19, 2012 01:43 PM (8MasJ)
Posted by: William at June 19, 2012 01:43 PM (dE2JB)
Posted by: polynikes at June 19, 2012 01:43 PM (0MVzQ)
I'm on board with that. Monty spooked investors, and then speculators swooped in and exploited the 99%. Get your pitchforks and torches!
Posted by: sandy burger at June 19, 2012 01:43 PM (y15sM)
Posted by: holding their breath at June 19, 2012 01:44 PM (HOOye)
Posted by: ace at June 19, 2012 01:44 PM (aw5Tx)
Posted by: pep at June 19, 2012 01:45 PM (6TB1Z)
Posted by: CUS at June 19, 2012 01:45 PM (84pE9)
Posted by: Conservative Crank at June 19, 2012 01:45 PM (1zwZo)
You are wishcasting sorry. Romney gets in, Soros inc. pulls the plug on the dollar, our economy gets flushed. If we recover, it takes decades.
Posted by: MikeTheMoose Lite! 98% Anger Free! at June 19, 2012 01:46 PM (0q2P7)
Posted by: Jumbo Shrimp at June 19, 2012 01:47 PM (DGIjM)
We are in a recovery until November , If the Golden Boy is not returned to office then it will become an overnight depression and the fault of the Republicans.
Posted by: avcasey80 at June 19, 2012 01:47 PM (zpAfQ)
Posted by: who's in and what's the kitty at June 19, 2012 01:47 PM (HOOye)
Posted by: The littl shyning man at June 19, 2012 01:47 PM (PH+2B)
Posted by: jewells45 at June 19, 2012 01:48 PM (UljOc)
Let's face it, this economy will not begin to recover until he and the Democrat Senate are out of office. And even then it will not recover until business gets the impression that Romney will roll back all of Pharaoh Barky's shit.
Posted by: Vic at June 19, 2012 01:48 PM (YdQQY)
Global networking, Putin lectures Obama for 2 hours... after which, rather
than the hand shakes and smiles for the camera, 'The Two Men Barely
Looked at Each Other'. From the still shot, Obama's downcast looking at the floor while Putin's bored and looking up into blank space.
"Reset-reset"?
Once upon a time, Bush looked into Putin's eyes and saw happily ever after.
Posted by: maverick muse at June 19, 2012 01:48 PM (BAnPT)
Posted by: Conservative Crank at June 19, 2012 01:48 PM (1zwZo)
Posted by: Christopher Taylor at June 19, 2012 01:48 PM (r4wIV)
Same way they did when the economy rebounded under Reagan.
"This was all based off the groundwork laid by Carter! He just wasn't given enough time!"
Posted by: Brandon In Baton Rouge at June 19, 2012 01:48 PM (e0xKF)
Nice seeing you here in the park, Eric!
Posted by: Vince Foster at June 19, 2012 01:49 PM (e0xKF)
Just trying to provide a little anti-doom. And those who know me know that i'm hardly a glass half-full kind of guy. I'm just observing.
Posted by: Hawker Flyer at June 19, 2012 05:38 PM (kheK+)
------------------------------------------------------
I would almost bet you that many of those people using private jets are middle to high-placed government officials. They're the only ones with any disposable cash right now.
Posted by: Soona at June 19, 2012 01:49 PM (58frh)
To protect Their Precious
Posted by: Darth Chipmunk at June 19, 2012 01:49 PM (niW49)
"Mitt Romney: He doesn't drink...WHY IS THAT?"
Posted by: Circa (Insert Year Here) at June 19, 2012 01:49 PM (ojRbN)
Posted by: jwpaine at June 19, 2012 01:50 PM (FUozQ)
That's been churning around the leftie blogs for a while and this line of attack was/is to be part of the culmination of the OWS shit.
Yes, I have money in the bank. No, I will not be expanding (like I fucking desperately need to) until I know the JEF is gone. No advertising, no new office, no staff, no nothing until I know I will get a return on that money.
Posted by: RoyalOil at June 19, 2012 01:50 PM (kSaUf)
Apparently not, the position has been open for about three months now.
>>their payment cant be over $500. Why cant they pay that?
Using the cash for something else while they live rent-free. Tattoos, or IHOP.
I keep reading about Kokomo getting more Chrysler jobs. Maybe they're going to people coming in from outside Indiana.
Posted by: HeatherRadish™ slurpin' onna 32oz fountain drink at June 19, 2012 01:50 PM (ZKzrr)
Posted by: who's in and what's the kitty at June 19, 2012 01:50 PM (HOOye)
It doesn't matter what the Obama people put out as numbers. It matters if the numbers of actual people unemployed is large.
The Obama people say to themselves, "If the job numbers are improving, we will win." So they put up fake numbers.
People who are unemployed vote on their own situation and that of relatives, friends, and neighbors. They are not reading the numbers, they are living this crappy economy.
Apparently the Obama people think that votes are cast based on what is read in the papers and seen on TV. Those votes will be based on real life circumstances. If the numbers are true, they will correlate. If they are faked to make things look better, it will only fool people like Greg. The voters are making their decisions based on their own experience, not a fake headline.
Posted by: Miss Marple at June 19, 2012 01:50 PM (GoIUi)
When I say I'm rooting for SMOD, I'm not joking. I do not want to live through interesting times.
Stats are that more than 75% of people don't even contact the banks to see if there's anything they can do.
Hell, the banks still have no fucking idea who owns most of the mortgages. I once spent four and a half hours calling over fifteen places trying to find out who was the ultimate holder of a mortgage. I never did get a definitive answer.
Posted by: alexthechick - SMOD 2012 at June 19, 2012 01:50 PM (VtjlW)
Posted by: BlackOrchid-TeamDagny at June 19, 2012 01:51 PM (SB0V2)
Posted by: MikeTheMoose Lite! 98% Anger Free! at June 19, 2012 05:46 PM (0q2P7)
Oh, I think there will be a little bump up short term, but the long term numbers do not bode well for any kind of "recovery" in the western hemisphere. I believe there is an end to the existing fiat system looming out there. There is a reset coming. Hopefully it won't end in a classic world war.....
Posted by: Derak at June 19, 2012 01:51 PM (VEhDR)
In contrast, they know exactly who owns the loans on the place I'm tryin' to buy.
Posted by: Meiczyslaw at June 19, 2012 01:52 PM (bjRNS)
Would you fly commercial if you did not have to?
Just sayin'....
Posted by: Circa (Insert Year Here) at June 19, 2012 01:52 PM (ojRbN)
Posted by: Hawker Flyer at June 19, 2012 05:38 PM (kheK+)
With the advent of fractional ownership.....FBO's have sorta become the new Country Clubs.
All it takes to become a member of these new travel clubs...is to pony up the price of a fraction of what it costs to own a whole jet.
And you get to be among your 'peers', hob knob with the really big fish....and deduct the whole thing as a business expense.
Posted by: wheatie at June 19, 2012 01:52 PM (M2JTb)
Not only would that news be bad for U.S. workers, but it would be a political bombshell that would dominate the economic narrative for the next month.
I expect the MSM to report the sighting of several squirrels and shiny objects just prior to the release of the report.
Posted by: Fredo Corleone at June 19, 2012 01:52 PM (kqqGm)
The actual EVIDENCE screams "Keynesian Economics doesn't work!", and yet, the Left not only denies the evidence, their reason why it doesn't "appear" to be working is that we haven't done it hard enough or that Republicans are blocking the true glory that Keynesian Economics would be if given a real chance. Just read Krugman sometime.
This is like Global Warming in that the Left believes their fictional and biased models more that the believe the actual data. When the real data contradicts their models they actually make the argument the data is WRONG and their model is CORRECT.
Of course this is madness which supports my theory that liberals are actually quite insane.
Posted by: Bill Mitchell at June 19, 2012 01:52 PM (hlUJY)
Posted by: Brandon In Baton Rouge at June 19, 2012 01:52 PM (e0xKF)
He got tired of writing about the Doom and bought a shelter in Utah, and ain't comin' out 'till 2016.
Posted by: Meiczyslaw at June 19, 2012 01:52 PM (bjRNS)
Posted by: Conservative Crank at June 19, 2012 01:53 PM (1zwZo)
He got tired of writing about the Doom and bought a shelter in Utah, and ain't comin' out 'till 2016.
Posted by: Meiczyslaw at June 19, 2012 05:52 PM (bjRNS)
So, when did he become an optimist?
Posted by: Stateless_Infidel at June 19, 2012 01:53 PM (8UijS)
You don't have to be insane to be a liberal. Unless you want to be in the leadership.
Posted by: Brandon In Baton Rouge at June 19, 2012 01:53 PM (e0xKF)
"I do not understand why economists kept insisting this was a "recovery" when it looked almost nothing like a recovery. "
Cuz they're not racists, silly ewok.
Posted by: rockhead at June 19, 2012 01:54 PM (jtTKf)
Posted by: BlackOrchid-TeamDagny at June 19, 2012 01:54 PM (SB0V2)
I figure no one has a real clue how many people this covers.
But, yeah, given how lax the requirements are, I wouldn't be surprised if it weren't an order of magnitude higher than 800,000.
Posted by: Meiczyslaw at June 19, 2012 01:54 PM (bjRNS)
In contrast, they know exactly who owns the loans on the place I'm tryin' to buy.
I will bet you they don't. They know who is currently claiming to be the note holder. Have you asked to see and actually laid eyes on the original note? Not a copy, the actual original signed copy of the note. Because unless and until you do, nope, you don't know who is the current holder.
Posted by: alexthechick - SMOD 2012 at June 19, 2012 01:54 PM (VtjlW)
Posted by: MikeTheMoose Lite! 98% Anger Free! at June 19, 2012 01:54 PM (0q2P7)
Moochelle's 'Let's Move' campaign is working.
Posted by: MBM at June 19, 2012 01:55 PM (xCpfo)
Posted by: and teenagers xing border also apply at June 19, 2012 01:55 PM (HOOye)
Posted by: Jumbo Shrimp at June 19, 2012 01:56 PM (DGIjM)
My reign was supposed to be Historical!
Posted by: Barakhenaten I at June 19, 2012 01:56 PM (pHN/i)
I love this country and as a small business owner I hate what is going on but if I have to endure a few more months of bad times just to get rid of the scoamf I will gladly make that deal.
It's wrong not to actively work for it.
I've never understood why the Left, which is primarily a bunch of lawyers and people of even lower social value, arrogates to itself the right to tell business people (you know, people who actually enjoy the day-to-day of running businesses) how their businesses should run. You don't see me going to some food co-op run by a bunch of smelly hippies and telling them how to run it or telling some 4th-rate painter how to paint his derivative pseudo-art.
In my opinion, the company to watch for job trends is IBM. They cut over 1100 in the US almost 4 months ago.
http://tinyurl.com/899dqgt
Posted by: BS Inc. at June 19, 2012 01:57 PM (P2Ufm)
Posted by: Miss Marple at June 19, 2012 05:50 PM (GoIUi)
I think that, like in 2010, the beltway people and pundits only have the vaguest idea of what is really going on outside their offices, and when they get a hint, they roll down the window blinds.
Posted by: Oldcat at June 19, 2012 01:57 PM (z1N6a)
Posted by: Thunderb at June 19, 2012 01:58 PM (Dnbau)
It's probably because their statements were never intended for educated people. They're for the consumption of the masses of ignorant assholes of the kind that vote for shitheads like Obie.
Posted by: Blacque Jacques Shellacque at June 19, 2012 01:58 PM (4s7w4)
==============
That might actually be a good thing, the Soros part.
If I was to bet on which country, which people would be able to completely absorb and grow after an economic nuclear bomb like that, it'd be us.
Nothing like a clean slate to really spur growth.
Posted by: RoyalOil at June 19, 2012 01:58 PM (kSaUf)
Egypt state news agency says former president Mubarak is "clinically dead."
Posted by: who's in and what's the kitty at June 19, 2012 05:50 PM (HOOye)
--------------------------------------------
But is he dead dead?
Posted by: Whoopi Goldberg at June 19, 2012 01:58 PM (58frh)
Yeah, I haven't seen the notes, yet, but the seller went through bankruptcy in 2010, so a great deal of this has been through the courts already.
My confidence that these banks can produce said notes is around 85%.
Posted by: Meiczyslaw at June 19, 2012 01:58 PM (bjRNS)
Unless we vote down those tax increases in November, we're boned at 78 rpm. Otherwise we're boned at 45 rpm.
Posted by: Fredo Corleone at June 19, 2012 01:58 PM (kqqGm)
Posted by: Boston12GS at June 19, 2012 01:59 PM (0VqvZ)
Good News for Obama
Gun sales are up about 50% from last yearÂ’s banner numbers.
Gun manufacturing is the one private-sector industry “doing fine” on Mr. Obama’s watch. Sturm, Ruger Co. sold 1 million firearms in the first quarter of 2012 – an amazing 50 percent increase from the first quarter of 2011. The jump was so steep that the company stopped accepting orders from March to May to catch up with demand for its products.
Last month, Smith Wesson announced a firearm-order backlog of approximately $439 million by the end of April, up 135 percent from the same quarter in 2011. Sales in that period were up 28 percent from 2011 and 14 percent over its own predictions to investors. NSSF estimates the industry is responsible for approximately 180,000 jobs and has an annual impact on the U.S. economy of $28 billion.
Posted by: Charlton Heston at June 19, 2012 02:00 PM (e8kgV)
Posted by: Meiczyslaw at June 19, 2012 02:00 PM (bjRNS)
Posted by: joeindc44 at June 19, 2012 02:00 PM (S9InG)
I'll wait until he is metaphysically and/or astrally dead.
Posted by: Circa (Insert Year Here) at June 19, 2012 02:00 PM (ltdV/)
Posted by: Jumbo Shrimp at June 19, 2012 02:00 PM (DGIjM)
Posted by: Blacque Jacques Shellacque at June 19, 2012 05:58 PM (4s7w4)
It is the educated people that are the easiest to fool of all. The guys and gals with real jobs know the actual score.
Posted by: Oldcat at June 19, 2012 02:01 PM (z1N6a)
Posted by: Thunderb at June 19, 2012 05:58 PM (Dnbau)
This was obviously a hate crime against a pedophile-American, and we will be prosecuting this so-called "father" post-haste!
Posted by: Y U NO GUY at June 19, 2012 02:01 PM (ggRof)
I mention 1.4 million because, less than a week after shithead makes this declaration, the estimates have almost doubled.
Once those numbers starts rising and the economy hits the shitter, expect there to be wide blue-collar discontent with the SCOAMF. Possibly within certain ethnic groups, too, considering that minority unemployment and/or youth unemployment is running around a 40% clip in some areas.
Posted by: Brandon In Baton Rouge at June 19, 2012 02:01 PM (e0xKF)
Posted by: Y U NO GUY at June 19, 2012 02:01 PM (ggRof)
Posted by: Darth Chipmunk at June 19, 2012 02:04 PM (niW49)
I don't think anyone here actively does so. It is wrong in a small way considering most of us are on the right because it.fucking.works! Conservatism when give a chance generates the prosperity for the most, all Americans, not just a select nomenklatura.
Leftism fails again and again for fundamental reasons: willful ignorance of humanity and economics.
I'm not on the right because I like the logos or the personalities. I'm here because the other choices are that much worse.
Posted by: weft cut-loop [/i] [/b] at June 19, 2012 02:04 PM (famk3)
Posted by: Jumbo Shrimp at June 19, 2012 02:04 PM (DGIjM)
I heard you not call John Lewis an epithet RIGHT THERE, buddy.
Posted by: Circa (Insert Year Here) at June 19, 2012 02:05 PM (ltdV/)
DAY ONE:
I'll build the pipeline myself if I have to.
I'll executive order ObamaCare away.
I'll repeal ObamaCare.
I won't write Europe any checks, just bailout the Fed.
Stimulate America with more shockenawe.
Posted by: Mitt Romknee at June 19, 2012 02:05 PM (BAnPT)
151 on twitter....Breaking..Rubio is being vetted for VP.
But...Rubio was just on Cavuto, who asked him if he had been contacted by Romney's vetting committee....
And Rubio answered..."No".
Posted by: wheatie at June 19, 2012 02:05 PM (M2JTb)
From Issa tweets:
"After our meeting, we're on for a #Holder #contempt vote tomorrow. Didn't have to come to this"
Posted by: Circa (Insert Year Here) at June 19, 2012 02:06 PM (ltdV/)
Posted by: hmmmmm at June 19, 2012 02:07 PM (HOOye)
Posted by: Thunderb at June 19, 2012 02:07 PM (Dnbau)
Yeah, MSNBC was covering this while I was in a waiting room earlier today. If Romney picks the vile race-traitor right-wing extremist scum, it proves Romney is a vile racist xenophobic extremist. But if Romney picks someone else...that proves Romney is a vile racist xenophobic extremist.
Posted by: HeatherRadish™ slurpin' onna 32oz fountain drink at June 19, 2012 02:07 PM (ZKzrr)
Posted by: Jumbo Shrimp at June 19, 2012 02:07 PM (DGIjM)
Posted by: with a capital D at June 19, 2012 02:08 PM (HOOye)
Posted by: Merovign, Dark Lord of the Sith at June 19, 2012 02:08 PM (bxiXv)
I did Bing searches by the way.
Like I did to find out what happened to Robert Spencer and Fjordham at LGF. So I have tried to find out what happened.
If you 'Bing' Ace of Spades and Monty, not too much comes up...
Posted by: Stateless_Infidel at June 19, 2012 02:09 PM (8UijS)
Posted by: Circa (Insert Year Here) at June 19, 2012 06:08 PM (ltdV/)
Cool.
Thank you very much. I wish him nothing but the best, and the same to all the morons here.
Posted by: Stateless_Infidel at June 19, 2012 02:10 PM (8UijS)
What happened to Monty?
Serious answer (if my memory's good): he burned out on blogging.
The DOOM went on long enough that he was repeating himself, and he didn't get off on double-posting the way some people do around here.
Posted by: Meiczyslaw at June 19, 2012 02:10 PM (bjRNS)
Does that count people who have no interest in a W2 job because they can net more in...unreportable income, let's call it...than a straight job with taxes withheld?
Posted by: HeatherRadish™ slurpin' onna 32oz fountain drink at June 19, 2012 02:10 PM (ZKzrr)
Posted by: Circa (Insert Year Here) at June 19, 2012 06:06 PM (ltdV/)
-----------------------------------------
So one circus act ends, and another begins.
Posted by: Soona - really doomed out at June 19, 2012 02:10 PM (58frh)
Posted by: Jumbo Shrimp at June 19, 2012 02:12 PM (DGIjM)
By that, do you mean pharmaceutical entrepreneurs on the street-corner who deal in cash and barter?
I'm not sure if they collect an unemployment check or not. That may vary by state.
Posted by: Brandon In Baton Rouge at June 19, 2012 02:12 PM (e0xKF)
Posted by: Meiczyslaw at June 19, 2012 06:10 PM (bjRNS)
Thank you!
See, I came for the DOOM, but I stayed for the double-posting.
That's good to know. Like Fjordman, I just wanted to know and hope he's well. Thanks.
Posted by: Stateless_Infidel at June 19, 2012 02:13 PM (8UijS)
Posted by: Still smelling of the vay-jay-jay thread at June 19, 2012 02:14 PM (rjf0R)
Posted by: Miss Marple at June 19, 2012 02:15 PM (GoIUi)
Posted by: drfredc at June 19, 2012 02:15 PM (tkKiD)
http://tinyurl.com/86fljtc
Meanwhile, Grampa Moonbeam is thinking up new taxes to pay for the public unions. That should help.
UCI tuition to up again to fund pensions. http://tinyurl.com/cbgy2fl
Posted by: PJ at June 19, 2012 02:17 PM (DQHjw)
A new normal is thus established: Fewer people chasing fewer jobs.
If the whole country were unemployed and receiving benefits and there were no jobs, the unemployment rate would be zero, thus accomplishing Pelosi's dream of ultra economic stimulation.
What's not to understand?
Posted by: hannitys_hybrid at June 19, 2012 02:22 PM (zpqa2)
Yeah, I shop at a Giant here in NoVa. It's union. The checkout clerks are so lazy they now don't put your groceries in the cart unless you tell them to. Especially the archetypal big angry black woman. She acts like she's doing you a favor. I always tell her too, and dare her to glare at me.
F em.
Posted by: pep at June 19, 2012 02:22 PM (6TB1Z)
Posted by: Damon at June 19, 2012 02:35 PM (YVbwx)
Because they're a bunch of lemmings who're a notch above astrologists and a notch below weather forecasters in their predictive abilities.
Speaking of predictions, I think Romney and the GOP are poised for a much better bounce out of their convention than are Obama and the Democrats. Not certain, of course, but I don't see any way for the Democrats to fire things up. Obama making another big acceptance speech? I laugh at the thought. And all the red meat he's using now with the nonstop fundraisers, gay marriage endorsement, immigration power grab, etc. What's left to pull out of the hat?
And as I've been saying about Romney for a while, he's not closed the deal. Check the RCP average of polls since March 7. Obama has drifted down fairly consistently to a net loss of about 4 points. But Romney is still much where he was. In other words, 4 percent or so of voters have moved from Obama to up for grabs, almost doubling the number in play. This despite Obama having control of the incumbency megaphone and aided by a spinning media.
Thus, Romney could jump to an outside-the-margin-of-error lead coming out of the convention. He'll have the chance for about a week to make the news and his case in a little less filtered way.
Posted by: Nicholas Kronos at June 19, 2012 02:40 PM (KDWMI)
Posted by: Pecos at June 19, 2012 02:42 PM (2Gb0y)
Posted by: Jean at June 19, 2012 02:46 PM (6ziMD)
Posted by: Jumbo Shrimp at June 19, 2012 06:12 PM (DGIjM)
I love Purdue and anyone that's playing against Notre Dame!
Posted by: Cicero kid at June 19, 2012 02:48 PM (NdMHV)
My suppliers are telling me they see a slowdown. This unofficial information always comes out before the lagging indicators.
My guess... yeah there is a slowdown in process
Posted by: The Jackhole at June 19, 2012 02:59 PM (nTgAI)
My guess... yeah there is a slowdown in process
Posted by: The Jackhole at June 19, 2012 06:59 PM (nTgAI)
PS.. I work with some large manufacturers that are involved in a broad spectrum of industries
Posted by: The Jackhole at June 19, 2012 03:00 PM (nTgAI)
Posted by: Ann NY at June 19, 2012 03:22 PM (yc+d4)
Posted by: Chauncy Gardener at June 19, 2012 03:33 PM (IoNBC)
Posted by: come on Mr. President, step up and take a bow at June 19, 2012 03:55 PM (oZfic)
Posted by: DailyDish at June 19, 2012 04:08 PM (us6JO)
Posted by: steevy at June 19, 2012 04:11 PM (Xb3hu)
Posted by: TheQuietMan at June 19, 2012 04:21 PM (cbC52)
Acceptance that you really fucked up a major purchase takes a while. You'll use almost any excuse to rationalize it, ANY. Once people flip on something like that they flip hard and never go back.
The ones that are up for grabs are in fact going to vote for Romney or stay home.
Posted by: Purp (@PurpAv) at June 19, 2012 04:30 PM (oHdHd)
Posted by: josh at June 19, 2012 04:43 PM (u7JYI)
Posted by: bigmike at June 19, 2012 04:46 PM (720QK)
Posted by: jimi ray at June 19, 2012 05:37 PM (FcOR4)
Google: "A Reader's Resources on Systemic Collapse." Scroll down about half way through the 'bibliography.' That's where the meat is.
Papers and publications by Niall Ferguson, Howard Wachtel, Martin Van Crevald, Phil Howison, John Dunn, Carmen Reinhardt and many others are listed.
Embrace Teh Doom! ...iow, it's time to become a prepper, if not a full bore survivalist.
Posted by: Warren Bonesteel at June 20, 2012 06:12 AM (WwR1j)
Posted by: Dougf at June 20, 2012 11:30 AM (MefLn)
Posted by: HEP-T at June 20, 2012 02:00 PM (dRpvb)
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Posted by: Jumbo Shrimp at June 19, 2012 01:17 PM (DGIjM)