April 25, 2012
— Ace Foreshadowing?
Britain's economy slid into its second recession since the financial crisis after official data unexpectedly showed a fall in output in the first three months of 2012, piling pressure on Prime Minister David Cameron's embattled coalition government.The Office for National Statistics said Britain's gross domestic product fell 0.2 percent in the first quarter of 2012 after contracting by 0.3 percent at the end of 2011, confounding forecasts for 0.1 percent growth.
The contraction was prefigured by a huge fall in construction activity.
I don't know if this campaign line works, but I've been thinking Romney could say something like: "Barack Obama has been trusting Europe to pull us out of recession. But we've never counted on Europe to pull the world out of recession before -- America has always been the engine. This time, we're counting on weaker economies to pull us out of recession instead of doing the job ourselves, and it's having predictable consequences."
That's very first-draft. But the basic idea is to tie together four different things -- Obama's passivity, Obama's disregard for America's position as the Indispensable Nation, his overfondness of European socialism as an economic model, and of course his miserable failure.
Posted by: Ace at
07:53 AM
| Comments (128)
Post contains 209 words, total size 1 kb.
Posted by: phoenixgirl laundress at April 25, 2012 07:28 AM (Ho2rs)
Posted by: Soothsayer at April 25, 2012 07:28 AM (jUytm)
Posted by: maddogg at April 25, 2012 07:29 AM (OlN4e)
Posted by: EC at April 25, 2012 07:29 AM (GQ8sn)
Posted by: CAC at April 25, 2012 07:30 AM (sM5FV)
Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 07:30 AM (8y9MW)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 07:30 AM (4df7R)
Ahh... but now you see the GENIUS of OUR plan...
Unlike Great Britian, we are propping up the economic numbers by creating Money... because Recesions are measured by the movement of money, and even money we just create out of thin air, and give to banks (so they can buy up smaller banks) is movement... thus, no recession and the Economy is BETTER!
Don't mind the Debt... forget the fact that if you subtract Deficit Spending, we've been a recession all along... Happy Days are HERE AGAIN! Vote for US!
Posted by: Obama Economic/Reelection Team at April 25, 2012 07:31 AM (lZBBB)
It is first-draft, but it has a lot of potential. I'm concerned about how it would be fit into a sound-bite, or onto a bumper sticker. Sadly, those things are important.
Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 07:32 AM (8y9MW)
That should be the lead.
"Obama is a stuttering clusterfuck of a miserble failure..."
Posted by: EC at April 25, 2012 07:32 AM (GQ8sn)
Posted by: eleven at April 25, 2012 07:32 AM (KXm42)
Posted by: Soothsayer at April 25, 2012 07:32 AM (jUytm)
Posted by: ace at April 25, 2012 07:32 AM (nj1bB)
Posted by: Cicero at April 25, 2012 07:32 AM (E99n6)
In fact.... when Banks buy Government Bonds, with money we Loan them at no Interest Rate? It counts TWICE! Because its TWO seperate Transactions!
F'n Genius I tell ya... Genius...
Posted by: Obama Economic/Reelection Team at April 25, 2012 07:33 AM (lZBBB)
Posted by: EC at April 25, 2012 11:29 AM (GQ8sn)
All I can say is, good luck with that. The yobs don't want to work for their supper, and they'd rather burn down the kitchen than pick up a fry pan.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 07:33 AM (4df7R)
---
In the sense that we've been in a depression for four years that has only been hidden by Bernanke's counterfeiting operation. Eventually the bullshit won't stay neatly stacked up anymore.
Posted by: Methos at April 25, 2012 07:33 AM (6LvlL)
Posted by: CAC at April 25, 2012 07:34 AM (sM5FV)
"Carney, ask Secretary Geithner if he can go to 105% on the printing presses."
"Secretary Geithner says 105% possible, but not recommended."
* Obama ponders while he lights a cigarette *
"Tell Secretary Geithner to go to 105%."
"What is it, Mr. President? What are we doing?!?!"
"We're going to kill the economy my friend..."
Posted by: EC at April 25, 2012 07:35 AM (GQ8sn)
Posted by: Greece, Portugal, Spain, Italy, etc. at April 25, 2012 07:35 AM (5FSU6)
Posted by: Nancy Pelosi, Parchment-Covered Economic Savant at April 25, 2012 07:35 AM (E99n6)
Posted by: Dr Spank at April 25, 2012 07:35 AM (Sh42X)
President Obama needs, badly, any distraction or diversion he can find to draw away from that.<<<
He has no positives to point to, so I expect this election to hinge entirely on race.
Always Bet On Black.
Posted by: Empire of Jeff at April 25, 2012 07:35 AM (mJMH5)
I think that's getting closer...
Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 07:35 AM (8y9MW)
Posted by: Barky O'Dogeater at April 25, 2012 07:36 AM (E99n6)
Posted by: eman at April 25, 2012 07:36 AM (YrBvI)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 07:37 AM (4df7R)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 11:30 AM (4df7R)
---They were able to manufacture some jobs numbers for a few months that looked sort of like Obama was keeping pace with job growth, so they didn't feel a need to make excuses.
Posted by: Methos at April 25, 2012 07:38 AM (6LvlL)
We'll only start the worldwide recovery when we decide that this whole idea of a global economy is simply another smoke-and-mirrors move by the left to ease us into the idea of a one-world government.
We've seen the supply disruptions that come from having some factory halfway across the world make parts that we could easily make here. IMO, if we were to make a concerted effort to revive our manufacturing base, we could start to create wealth again and fix most of our current economic problems, especially beginning with energy.
We could use a Marshall Plan to start producing energy, as the former head of Shell Oil mentioned on Rush's show the other day, to create some 7M good paying jobs just in that sector, reducing the cost of energy, and generating much needed tax revenue at the same time.
Posted by: BackwardsBoy at April 25, 2012 07:38 AM (d0Tfm)
Posted by: Soothsayer at April 25, 2012 07:38 AM (jUytm)
Posted by: garrett at April 25, 2012 07:38 AM (4kBXF)
I should pay more attention.
Posted by: Guy Mohawk at April 25, 2012 07:38 AM (JIDLg)
But everything will be okay, for sure-final-final, because Al Gore has now been inducted into the Internet Hall of Fame! *insert picture of citizen puking into his deskside trash can*
Posted by: And Irresolute at April 25, 2012 07:39 AM (RC3M9)
The fact that Europe pulled us into 2 world wars is another reason to not want to attach to tightly to what they do. It just brings pain.
Posted by: Buzzsaw at April 25, 2012 07:39 AM (tf9Ne)
well it's first draft, I imagine that it can be tightened up, a lot.<<<
Feels like a C. Bulk it up with some pie charts and graphs. I want at least an A.
Posted by: Empire of Jeff at April 25, 2012 07:40 AM (mJMH5)
Someday ... all this "free money" has to be sucked out of the system. ... Some day. That's going to be loads of fun. The Fed and the ECB act, right now, as if they'll NEVER have to reduce their balance sheets ... and they've convinced much of the civilized world to ignore reality along with them.
Posted by: ThePrimordialOrderedPair at April 25, 2012 07:40 AM (X3lox)
Europe has a head start on the type of socialist entitlement that Barky and his gang want to impose on us. ......And it has failed.
Yet Barky, the Coolest Prezzy evah.....goes on a comedy show last night, to remind his peeps of how cool he is.
Yeah. ....He's cool alright. ....Mr.Cool has got our economy moving along at the speed of a glacier!
Posted by: wheatie at April 25, 2012 07:42 AM (O4AQQ)
Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 07:56 AM (8y9MW)
Posted by: Hayabusa at April 25, 2012 07:56 AM (6kctq)
http://dailycaller.com/2012/04/24/dontdoublemyrate-huh/
Posted by: Guy Mohawk at April 25, 2012 07:57 AM (JIDLg)
Posted by: Jean at April 25, 2012 07:57 AM (WkuV6)
Posted by: SJGRforRubio at April 25, 2012 08:02 AM (HOOye)
They mentioned Keynesian economics.>>
I was only half paying attention. Was the bug geek arguing for or against? Since at the end using a million dollars worth of equipment to make booze and appetizers made me think he was all in for Keynesian economics.
Posted by: Buzzsaw at April 25, 2012 08:02 AM (tf9Ne)
Posted by: Eric 'Dickhead' Holder at April 25, 2012 08:03 AM (x7g7t)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 08:03 AM (4df7R)
Posted by: Vashta Nerada at April 25, 2012 08:03 AM (CvvhS)
You rang?
Posted by: INFLATION [/i] [/b] at April 25, 2012 08:03 AM (ebPtk)
what Matthew Arnold wrote about, a century ago.....now it's coming true
Posted by: SantaRosaStan, on a darkling plain at April 25, 2012 08:04 AM (Dll6b)
Posted by: lolobama at April 25, 2012 08:05 AM (jUytm)
More of an ONT type fodder but this is how the conversation on FB is going this morning.
Our house was heated by coal and the stoker bin would run out in the middle of the night. we would refill the stoker in the morning but it took a while to warm the house. We would use the stove to warm the kitchen.The pilot light didn't work so we used a match to start it. Never stick your head in the oven to see what your doing. I did and had to regrow my eyebrows. Also, one morning my sister peed in the kitchen heater vent. Good times.
Posted by: Ohio Dan at April 25, 2012 08:06 AM (JKNDp)
"The contraction was prefigured by a huge fall in construction activity."
You simply cannot replace a native population of IQ-100 Brits with a foreign population of IQ-80 Muslims [Pakistani, Bangladeshi, Indian, etc] and expect the IQ-80's to be able to purchase the same kinds of dwellings that the IQ-100's purchased.
In fact, by and large, the IQ-80's can't purchase anything at all - and certainly not anything more than what we rednecks would call a "single-wide".
If the High-IQ folks quit making babies, and if, at the same time, the elites try to replace the native High-IQ folks with a Low-IQ foreign population, then [among other things] the demand for anything worth "constructing" will simply disappear.
In other words: You've got a massive oversupply of stuff that's been constructed, and a massive undersupply of folks willing & able to pay for said constructs, ergo recession [really depression].
In the end, demographics isn't the most important thing: DEMOGRAPHICS IS THE ONLY THING!!!
Posted by: Emmanuel Goldstein at April 25, 2012 08:06 AM (JW/aG)
In the past two decades, with the end of the Iron Curtain and then the Muslim Invasion, they're swamped; over-loaded; sinking fast; f*cked
Posted by: SantaRosaStan, on a darkling plain at April 25, 2012 08:07 AM (Dll6b)
For. But badly, if you've a) paid attention to the chronology of the show and b) know anything about economics.
I am getting a little tired of the decidedly leftward slide of the Show. Bones and Boothe, at least, should be solid Conservatives (by their character) but they remain silent (or make forced-seeming-statements for liberalism).
Why can't they just leave politics out of it and let the show be about catching bad-guys?
Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 08:07 AM (8y9MW)
Pay $60 for what used to be a $30 tank of gas, and the regime/media will tell you it's good news because its GDP growth. It's an Obama world.
Posted by: forest at April 25, 2012 08:07 AM (7RBBe)
---
Someone from the "Justice 4 Trayvon" crowd?
---
Did any of you watch BONES this week?
---
No, but I watched NCIS last week when McGee dropped a line about wanting to become a programmer, but then he took an arrow to the knee.
Posted by: Methos at April 25, 2012 08:08 AM (6LvlL)
Unfortunately England's public at large do not have firearms to protect themselves.
Last time I was there, I was shocked to discover that as a condition to owning a hunting shotgun, law enforcement can enter your house without a search warrant or probably cause. Then again probable cause as a whole may not exist in England.
Posted by: Zombie Osama bin Laden at April 25, 2012 08:08 AM (kqqGm)
Except the Tories and Cameron are going to take the blame. Which sets up another Sarkozy / France situation, in which the socialists winn more seats and the premiership.
There are small, tiny slivers of hope in the EU and UK but that ain't one of them.
Posted by: weft cut-loop [/i] [/b] at April 25, 2012 08:08 AM (ebPtk)
Here's a question that I can't answer for myself without flip-flopping back and forth for hours. So I pose it to y'all.
In the past, when governments have fallen on hard economic times it was generally an opportunity for enemy states to sweep in and take over. When there's no money to pay your army, you can't really defend against the barbarian hordes.
But in the modern world the whole idea of "conquest" is, well, gauche. It's just not done in polite society. It might still happen in third world shitholes, but in "enlightened" first world nations? Never! Britain would no more annex part of France than France would annex part of Britain!
At least, that's the theory.
So what happens when the Euro fails? Do the nations of Europe as we currently know them continue, or do the weaker ones get absorbed by the bigger ones? Or does an outside entity -- *cough* the Middle East or China *cough* -- come riding in to gobble up the scraps?
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 08:09 AM (4df7R)
Posted by: Emmanuel Goldstein at April 25, 2012 12:06 PM (JW/aG)
so let's party like it's 1984 !!!
Posted by: SantaRosaStan, on a darkling plain at April 25, 2012 08:09 AM (Dll6b)
Snopes.com confirms: Obama ate a dog.
Posted by: Tough,Tougher,Crunchy at April 25, 2012 08:09 AM (c3mby)
Posted by: OBiden at April 25, 2012 08:09 AM (A6JXc)
Posted by: no at April 25, 2012 08:09 AM (HOOye)
They get conquered from within.
Posted by: Rocks at April 25, 2012 08:11 AM (FoRHw)
Well that and a willingness to use your nuclear weapons.
Posted by: Putin's Ghost at April 25, 2012 08:11 AM (WkuV6)
Posted by: Meremortal at April 25, 2012 08:11 AM (Usk3+)
Posted by: yea, foreshadowing at April 25, 2012 08:11 AM (HOOye)
Snopes.com confirms: Obama ate a dog.
Posted by: Tough,Tougher,Crunchy at April 25, 2012 12:09 PM (c3mby)
Politifact hardest hit.
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 08:12 AM (4df7R)
Look what happened in Greece last year. Riots, civil unrest, vandalism, etc. That, except amped ten times larger.
Posted by: EC at April 25, 2012 08:13 AM (GQ8sn)
When Germany's economy declined a dedicated group of revolutionaries led by a charismatic leader came in, blamed their problems on the Jews, made speaches to adoring crouds telling them they were the elite of the world and look what happened.
Posted by: Ohio Dan at April 25, 2012 08:14 AM (JKNDp)
Posted by: Lance McCormick at April 25, 2012 08:14 AM (zgHLA)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 12:09 PM (4df7R)
;;;;;
The EU is a paper construct and can be dismantled. The big damage will be to egos. Look for some face-saving term like "reform" used to mask the breakup.
Posted by: Meremortal at April 25, 2012 08:15 AM (Usk3+)
Why would another country go to all that effort? Why not just buy up their national champions, buy shit loads of farmland, and everything else?
It's not that territorial expansion is suddenly gauche, it's that it is far too much effort compared to a sustained economic campaign. The more subtle is it the better. And in some respects it would help the target countries out as well by relieving their debt burdens.
China has already started this kind of campaign, in case you are wondering.
Posted by: weft cut-loop [/i] [/b] at April 25, 2012 08:15 AM (ebPtk)
Posted by: The Political Hat at April 25, 2012 08:15 AM (DoaFB)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 08:16 AM (4df7R)
Posted by: Putin's Ghost at April 25, 2012 08:16 AM (WkuV6)
Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 08:16 AM (8y9MW)
OT, but good LORD. Obama's on the cover of Rolling Stone this week. AGAIN.
Little Brother is Watching.
Posted by: garrett at April 25, 2012 08:17 AM (4kBXF)
If times actually get hard (and everyone's still fairly successfully pretending they aren't, yet) I rather expect the europeans to remember how they used to solve their problems. It didn't take Germany that long to go from everyone's buttboy to king of the hill the last time around.
Posted by: Methos at April 25, 2012 08:17 AM (6LvlL)
different things -- Obama's passivity, Obama's disregard for America's
position as the Indispensable Nation, his overfondness of European
socialism as an economic model, and of course his miserable failure.
[b]It is first-draft, but it has a lot of potential. I'm concerned about how it would be fit into a sound-bite, or onto a bumper sticker. Sadly, those things are important.
Posted by: AllenG (Dedicated Tenther) SMOD 2012
Europe Won't Save Us
or
Europe Will Never Save Us
or
Europe Isn't the Answer
Posted by: Emperor of Icecream. at April 25, 2012 08:18 AM (epBek)
Each country that leaves the Euro will quickly be better off. The dropouts will control their own currency again and can devalue like the big boys.
;;;
Cheap European vacations! Can't wait!
Posted by: Meremortal at April 25, 2012 08:21 AM (Usk3+)
At least, that's the theory.
National disintegration is the most likely outcome for first world nations (Europeans and the UN and all the leftists LOVE disintegrating nations, which they like to use the meaningless euphemism "self-determination" for) which eventually leads back to conquest and reassembly in a different form.
With Europe, though, I think they'll just drive themselves as far into the ground as they are able. I, for one, do not want what will be left of the US to spend one red cent helping the Europeans. I've had enough ingratitude from that collection of savage, tribalistic asswipes.
For the next go round, Europe better hope for a Martial Plan, because they aren't getting any new Marshal Plan.
Posted by: ThePrimordialOrderedPair at April 25, 2012 08:21 AM (X3lox)
It's been in effect in New York for some years; I'm surprised it took California that long to get in on it.
EBT = corporate welfare. Millions of federal dollars into the pockets of Coca-Cola, Frito-Lay, etc. Who's surprised fast-food chains want in on that action?
Posted by: HeatherRadish™ at April 25, 2012 08:23 AM (/kI1Q)
Posted by: MJ at April 25, 2012 08:23 AM (/x4oj)
Obama ate a dog. I don't suppose Jimmy Fallon included that headline in his phony newscast, and I'll bet those nasty Roots guys didn't play "Who Let The Dogs Out!!" as the musical track.
Posted by: Boots at April 25, 2012 08:24 AM (neKzn)
Posted by: yea, foreshadowing at April 25, 2012 08:25 AM (HOOye)
97 OT, but good LORD. Obama's on the cover of Rolling Stone this week. AGAIN.
Little Brother is Watching.
Posted by: garrett at April 25, 2012 12:17 PM (4kBXF)
And Michele Obama is one of People Mags 5 most beautiful Women?
/shakes head in disgust
Posted by: Obama Economic/Reelection Team at April 25, 2012 08:26 AM (lZBBB)
Barky is anything but passive. He very actively tries to destroy all of value he sees.
Obama's disregard for America's position as the Indispensable Nation,
Barky does not have "disregard" for America's position in the world, but, again, holds a very active hostility towards it. This is not a secret to anyone.
his overfondness of European socialism as an economic model,
Barky is too dumb to have any fondness for any sort of economic system. Barky just wants to harm America and pushing what is un-Constitutional is the quickest way. Barky is guided more by what is illegal and sure to tear America apart at the seams.
and of course his miserable failure
Barky's failure is the US' only saving grace. If he didn't fail in his pursuits this nation would already be dead and buried. It's close, now, but if Barky had any competence in anything our fate would have been totally sealed by now.
Posted by: ThePrimordialOrderedPair at April 25, 2012 08:27 AM (X3lox)
Oh, of course they will.
And that's what is so insidious; the so called 'failed policies of the past' have been a insane attempt to save the Blue Model of our mixed economy. At every twist and turn Bush was trying to save housing, SocSec, taxation, etc. And it's breaking down. Go figure.
If Europe could not and cannot figure out how to make the Blue Model work, then we shouldn't pretend that we can either. And only a fool would think that government is the source of a country's economic prosperity.
The People are sovereign, the People are the economy. It's time to get Big Government off their backs.
Posted by: weft cut-loop [/i] [/b] at April 25, 2012 08:32 AM (ebPtk)
Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 12:16 PM (4df7R)
They must be worried about that youth vote and trying to hip up Barry. But then again how many people in that age group read or even care about Rolling Stone?
Posted by: TheQuietMan at April 25, 2012 08:37 AM (1Jaio)
Is there a halo around his dick?
Posted by: andycanuck at April 25, 2012 08:39 AM (nU/dt)
Durable goods miss. Recession in the EU.
More QE.
Bullish.
I'm a recent convert to the just spend money school. If we have no intention of paying the debt, why worry?
As long as people trade us oil for our paper, it's all good. Inflation only hurts the old, and poor, and those trying to work for a better life.
Posted by: Hydrocarbon Liberation Front at April 25, 2012 08:40 AM (NVu2l)
Posted by: jeanne...meh at April 25, 2012 08:43 AM (GdalM)
Posted by: Tsar Nicholas II at April 25, 2012 08:44 AM (f8XyF)
Posted by: CAC at April 25, 2012 11:34 AM (sM5FV)
------------->
Durable goods experienced -4.2% growth (as in decrease not increase) for March 2012. If the trend continues, Obama is going to be wishing for mediocre job growth - it just ain't gonna happen. That gives me no pleasure to say because I'm looking for a job right now.
Posted by: Retired Buckeye Cop at April 25, 2012 08:45 AM (M0NzJ)
What we need are investments. And by investments, I mean funding for the Department of Labor's "your kid can't milk a cow" Bureau's armed inspectors, SWAT teams, and surveillance drones.
If you do not agree, you, my friend, killed Trayvon and are a shameless rich person.
Such will be the next six months.
Posted by: Circa (Insert Year Here) at April 25, 2012 08:47 AM (B+qrE)
Posted by: Commander Gutsy Call at April 25, 2012 08:53 AM (/ZZCn)
Posted by: @ParisParamus at April 25, 2012 08:54 AM (rp6/p)
Posted by: dfbaskwill at April 25, 2012 09:00 AM (71LDo)
Would love to know how much our Fed has sunk into Europe to keep it to going into recession
Rumors say the Bernake has provided trillions in currency swaps. Europe is treading water on the back of the american taxpayer. Some of you seem to think we would survive a european collapse; we wouldn't, all our TBTF banks are holding lots of euro debt and none of them would survive the collapse of Europe.
DOOM is coming.
Posted by: Larsen E. Whipsnade at April 25, 2012 10:23 AM (6BgmB)
Posted by: steevy at April 25, 2012 10:34 AM (7W3wI)
Posted by: The Last Boyfriend iBooks at April 26, 2012 02:24 AM (Z538h)
Posted by: The Passage of Power Ibookstore at April 26, 2012 02:38 AM (3XtiQ)
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Posted by: Soothsayer at April 25, 2012 07:26 AM (jUytm)