April 25, 2012

UK Slips Into Double-Dip Recession
— 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.

1 I just won two left nuts!

Posted by: Soothsayer at April 25, 2012 07:26 AM (jUytm)

2 maybe we can buy the bust of churchill back.......

Posted by: phoenixgirl laundress at April 25, 2012 07:28 AM (Ho2rs)

3 Cameron inherited a mess and was too much of a pussy to do what needed to be done.

Posted by: Soothsayer at April 25, 2012 07:28 AM (jUytm)

4 Construction is flat in the US too. I have harvestable shortleaf pine but the price is crap, so I don't harvest.

Posted by: maddogg at April 25, 2012 07:29 AM (OlN4e)

5 Recovery Summer III:  The Bonening

Posted by: toby928© at April 25, 2012 07:29 AM (NG097)

6 How much welfare do they have over there?  I mean, we've all read the horror stories about people collecting checks for just about everything you can think of.  Cut some of that shit out and maybe they won't be underwater as much.

Posted by: EC at April 25, 2012 07:29 AM (GQ8sn)

7 #3 Sounds a lot like somebody else. Europe is going to descend into chaos, impacting the worldwide economy and America with it. Just before the election. President Obama needs, badly, any distraction or diversion he can find to draw away from that.

Posted by: CAC at April 25, 2012 07:30 AM (sM5FV)

8 "Youths" will riot in 5, 4, 3...

Posted by: Cicero at April 25, 2012 07:30 AM (E99n6)

9 Barack Obama is a stuttering clusterf*ck of a miserable tyrant.

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 07:30 AM (8y9MW)

10 I see       "unexpectedly"      is     making a return to the economic front.  It   went missing there for a while and I thought it must have gone into hiding to avoid    abuse at the hands of Bloomberg's    financial editors.       Too bad it couldn't get away from CNBC.

Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 07:30 AM (4df7R)

11

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)

12 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.

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)

13 and of course his miserable failure.


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)

14 These people need to just stop with the "unexpected".  It has lost all meaning.

Posted by: eleven at April 25, 2012 07:32 AM (KXm42)

15 President Obama needs, badly, any distraction or diversion he can find to draw away from that. Obama should hire James Cameron to find Osama's corpse. Then, Obama should take Osama's corpse with him on the campaign trail. That way, Joe Biden won't be the only brain-dead stiff traveling with Obama

Posted by: Soothsayer at April 25, 2012 07:32 AM (jUytm)

16 well it's first draft, I imagine that it can be tightened up, a lot.

Posted by: ace at April 25, 2012 07:32 AM (nj1bB)

17 "Unexpectedly"


Posted by: Jimbo at April 25, 2012 07:32 AM (O3R/2)

18 A nation of subsidized layabouts isn't going gangbusters?  I don't get it.

Posted by: Cicero at April 25, 2012 07:32 AM (E99n6)

19

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)

20 Obama eats dogs.

Posted by: Hayabusa at April 25, 2012 07:33 AM (6kctq)

21 6 How much welfare do they have over there? I mean, we've all read the horror stories about people collecting checks for just about everything you can think of. Cut some of that shit out and maybe they won't be underwater as much.

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)

22 "foreshadowing"
---
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)

23 Did you hear the speech last night, Ace? Romney started going down that route. It is a good one. Obama's re-election hinges on mediocre (at best) job growth. That isn't happening if the world slips into recession in the next few months. Not enough time to spin. Just enough time to cost him the vote though.

Posted by: CAC at April 25, 2012 07:34 AM (sM5FV)

24 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!


"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)

25 What are we?  Chopped liver?

Posted by: Greece, Portugal, Spain, Italy, etc. at April 25, 2012 07:35 AM (5FSU6)

26 The UK's economy would come roaring back to life if they would just get enough people on unemployment benefits.

Posted by: Nancy Pelosi, Parchment-Covered Economic Savant at April 25, 2012 07:35 AM (E99n6)

27 At least Obama has someone new to blame for our awesome economy.

Posted by: Dr Spank at April 25, 2012 07:35 AM (Sh42X)

28

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)

29 "Barack Obama has been looking to the failed European Model for our Salvation, with predictable results.  It's time to reclaim our place as the World's Economic Engine."

I think that's getting closer...

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 07:35 AM (8y9MW)

30 The ATMs and airport kiosks have invaded Britain too.

Posted by: Barky O'Dogeater at April 25, 2012 07:36 AM (E99n6)

31 They just need to ban something harmless and popular. That'll fix things right well, Mate.

Posted by: eman at April 25, 2012 07:36 AM (YrBvI)

32 If     you're a country that's spending thousands of pounds to house and support    high-ranking    Islamic terrorists because you're not allowed to deport them since they may face torture in their home countries... you might be the UK.

Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 07:37 AM (4df7R)

33

Obama eats dogs.

 

He may eat dog, but he savors Spotted Dick.

Posted by: Reggie Love at April 25, 2012 07:37 AM (4kBXF)

34 Did the blog crash?


Posted by: Jimbo at April 25, 2012 07:37 AM (O3R/2)

35 Vanished Post!

Posted by: toby928© at April 25, 2012 07:37 AM (NG097)

36 I see "unexpectedly" is making a return to the economic front. It went missing there for a while and I thought it must have gone into hiding to avoid abuse at the hands of Bloomberg's financial editors. Too bad it couldn't get away from CNBC.

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)

37 We've gone to plaid!?

Posted by: garrett at April 25, 2012 07:38 AM (4kBXF)

38

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)

39 By the way, it needs to be mentioned that 2-3% growth expansion in GDP is boom-times in the EU. That's how sucky their econo-business-government model is over there. And that's exactly where Obamanomics is taking us. Low-to-flat GDP; high unemployment; high taxes, crippling regulations; and shrinking tax base.

Posted by: Soothsayer at April 25, 2012 07:38 AM (jUytm)

40 Damn.  One spotted dick joke is all it takes to break the blog?

Posted by: garrett at April 25, 2012 07:38 AM (4kBXF)

41 I thought Prez Obumbles was counting on mexican gun sales to pull us out of recession.  And $50 lightbulbs.

I should pay more attention.

Posted by: Guy Mohawk at April 25, 2012 07:38 AM (JIDLg)

42

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)

43 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>>

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)

44

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)

45 Britain never got out of recession.  No one has.  Printing money to goose GDP doesn't mean anything.

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)

46 The comments -- they have disappeared!
And the goggles still don't work.

Posted by: jwb7605 who ignores oZfics at April 25, 2012 07:41 AM (Qxe/p)

47

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)

48 Remember when 4 - 5% GDP growth was "stagnant?"  Yeah, good times.

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 07:56 AM (8y9MW)

49 Frankly, the UK's been lost for decades. Shortly after WWII, they turned Winston Churchill out, and elected a Labour government that promised to build a big, messy welfare state. For the next several decades, they tried to balance their socialist welfare state with their desires to still be a major player in world affairs. They ultimately found out that it's just not possible: You just can't pay for a domestic welfare state and a world-class defense and foreign policy at the same time. So they chose butter over guns. And they (along with the rest of the Euros) got away with it for a while, largely for one big reason: They had Uncle Sam there to pay for the guns. Uncle Sam kept the big, bad Soviet bear away from the door for 40+ years. After the Cold War, Uncle Sam has paid the lion's share in terms of counter-terrorism, counter-proliferation, keeping open the sea lanes upon which the developed world's economies depend, etc. But now the Brits (and the rest of the Euros) are learning the harshest, cruelest less of all: Even IF you starve your defense to pay for the welfare state... even THEN, you still can't afford a welfare state. There just isn't enough money. The demographics just don't add up. As Dame Thatcher said, sooner or later you run out of other peoples' money. Now the Brits (and other Euros) are at that pass. It is all beginning to crash down around them. And.... We still have Leftists here in the U.S. whose fondest dream is to go down the exact same path. Amazing.

Posted by: Hayabusa at April 25, 2012 07:56 AM (6kctq)

50 Did any of you watch BONES this week?

They mentioned Keynesian economics.


Posted by: momma at April 25, 2012 07:57 AM (oKsWl)

51 Twitter Snark Opportunity for you snarky tweeters:

http://dailycaller.com/2012/04/24/dontdoublemyrate-huh/

Posted by: Guy Mohawk at April 25, 2012 07:57 AM (JIDLg)

52 Germany is about to go ape-shit politically.  I could see them pulling out of the Euro

Posted by: Jean at April 25, 2012 07:57 AM (WkuV6)

53 Cameron Obama inherited a mess and was too much of a pussy to do what needed to be done.

FIFY

Posted by: John P. Squibob at April 25, 2012 08:01 AM (kqqGm)

54 Marco, now under police protection: "U.S. Sen. Marco Rubio, R-Fla., is the target of a threat deemed credible enough to merit police protection in Washington, D.C., and at his home in West Miami, his office said late Tuesday." h/t gatewaypundit Liberal's motto: if they are winning, kill them

Posted by: SJGRforRubio at April 25, 2012 08:02 AM (HOOye)

55 Did any of you watch BONES this week?
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)

56 President Obama needs, badly, any distraction or diversion he can find to draw away from that. Posted by: CAC at April 25, 2012 11:30 AM (sM5FV) Like...say...a race war? Coming right up.

Posted by: Eric 'Dickhead' Holder at April 25, 2012 08:03 AM (x7g7t)

57 I don't see Britain hanging on like this much longer.   The riots from last year were just a taster of what's in store for them, I'm afraid.   There are still good, sensible people in the UK.   Eventually   -- I'd wager pretty soon, actually -- they're going to say, "ENOUGH."

Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 08:03 AM (4df7R)

58 England admitted that it is paying welfare to multiple wives of ME polygamists - no wonder they're broke.  It also explains the fall in housing - you can fit four wives and all of the children comfortably in a council flat.

Posted by: Vashta Nerada at April 25, 2012 08:03 AM (CvvhS)

59 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 ...Posted by: ThePrimordialOrderedPair

You rang?

Posted by: INFLATION [/i] [/b] at April 25, 2012 08:03 AM (ebPtk)

60 the Euro is dying; Europe is Critical, heading for the whole Life Support thing


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)

61 That way, Joe Biden won't be the only brain-dead stiff traveling with Obama

I beg to differ.

Posted by: Zombie Osama bin Laden at April 25, 2012 08:04 AM (kqqGm)

62 Tune into Dancing with stars tonight; I'll be making a special appearance.

Posted by: lolobama at April 25, 2012 08:05 AM (jUytm)

63

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)

64

"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)

65 European societies were never able to handle immigration.  "West Germany' after WWII was able to absorb 6-7 million 'ethnic Germans' from the east only because so many people had been killed during the war


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)

66 Was the bug geek arguing for or against?

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)

67 US will continue to show growth because we have inflation but are officially pretending we don't. More dollars chasing fewer goods = "growth" since it won't be adjusted properly for the high inflation that's actually occurring.

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)

68 Marco, now under police protection:
---
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)

69 I don't see Britain hanging on like this much longer. The riots from last year were just a taster of what's in store for them, I'm afraid. There are still good, sensible people in the UK. Eventually -- I'd wager pretty soon, actually -- they're going to say, "ENOUGH."

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)

70 So who is Soros shorting?

Posted by: Jean at April 25, 2012 08:08 AM (WkuV6)

71 I don't see Britain hanging on like this much longer. The riots from last year were just a taster of what's in store for them, I'm afraid. There are still good, sensible people in the UK. Eventually -- I'd wager pretty soon, actually -- they're going to say, "ENOUGH."Posted by: MWR

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)

72

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)

73 Green Shoots bitchez!  Green Shoots!

Posted by: Obama at April 25, 2012 08:09 AM (A6JXc)

74 In the end, demographics isn't the most important thing: DEMOGRAPHICS IS THE ONLY THING!!!

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)

75

Snopes.com confirms: Obama ate a dog.

Posted by: Tough,Tougher,Crunchy at April 25, 2012 08:09 AM (c3mby)

76 Summer of Recovery - the third in a row bitchez!

Posted by: OBiden at April 25, 2012 08:09 AM (A6JXc)

77 57 Did any of you watch BONES this week? They mentioned Keynesian economics.>> ------------------ I stopped watching Bones - got too - meh. But, if you caught Castle this past week, they mention ballerina Rahm Emanuel's school, properly named SARAH Lawrence College: A Deeper Education (not kidding). And, it's got the words "progressive education" riddled throughout.

Posted by: no at April 25, 2012 08:09 AM (HOOye)

78

ace, keep your day job.

Posted by: OCBill at April 25, 2012 08:10 AM (rFipM)

79 Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 12:09 PM (4df7R)

They get conquered from within.

Posted by: Rocks at April 25, 2012 08:11 AM (FoRHw)

80 In the end, demographics isn't the most important thing: DEMOGRAPHICS IS THE ONLY THING!!!

Well that and a willingness to use your nuclear weapons.

Posted by: Putin's Ghost at April 25, 2012 08:11 AM (WkuV6)

81 This news must have depressed Newt. He's getting out. Next week, for some reason.

Posted by: Meremortal at April 25, 2012 08:11 AM (Usk3+)

82 Foreshadowing, unless we ditch Obama, and then followup Romney with more conservatism. The joke of the day, illegals are leaving in droves, BECAUSE of Obama's policies. The very ppl he want on the fraudulent vote line.

Posted by: yea, foreshadowing at April 25, 2012 08:11 AM (HOOye)

83 Out out, damn sockpuppet.

Posted by: John P. Squibob at April 25, 2012 08:12 AM (kqqGm)

84

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)

85 Kinda on topic.

Program to allow EBT cards at restaurants. WTF

http://tinyurl.com/d6j5vo4

Posted by: Buzzsaw at April 25, 2012 08:13 AM (tf9Ne)

86 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?

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)

87

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)

88 Remember when 5-6% unemployment was a feature of the worst economy since Herbet Hoover?  That was a fun era too.

Posted by: Lance McCormick at April 25, 2012 08:14 AM (zgHLA)

89

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+)

90 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,

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)

91 The only question is when and how hard Europe will fall on its face. If it happens before the election, then Obama will be humiliatingly crushed. If it happens after, then whoever is president come next year will doom his party of decades. This will not end well.

Posted by: The Political Hat at April 25, 2012 08:15 AM (DoaFB)

92 OT, but good LORD.   Obama's on the cover of Rolling Stone this week.   AGAIN.

Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 08:16 AM (4df7R)

93 88 - and then return to barter systems and local pseudo-currencies for basic commodities.  So far the violence has been minimal, but I believe that is only because Greece in homogeneous - when the shit starts to get real in the heterogeneous areas and the please don't rot checks stop coming ...

Posted by: Putin's Ghost at April 25, 2012 08:16 AM (WkuV6)

94 Obama's on the cover of Rolling Stone this week. AGAIN

Does that still come out?

Who knew?

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 25, 2012 08:16 AM (8y9MW)

95

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)

96 Posted by: MWR, Proud Tea(rrorist) Party Hobbit and ABO supporter at April 25, 2012 12:09 PM (4df7R)

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)

97 "Leading from behind, on the economy..."

Posted by: Bill at April 25, 2012 08:17 AM (11H3F)

98 sorry left on my putin sock

Posted by: Jean at April 25, 2012 08:18 AM (WkuV6)

99 [12 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.


[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)

100

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+)

101 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.


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)

102 Recovery Summer 3!

Now showing near you.

Posted by: Joe mama at April 25, 2012 08:22 AM (OokNw)

103 >>Program to allow EBT cards at restaurants.

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)

104 Libs will use this to call for more spending. Krugman, et al, to say "See wingnuts, austerity doesn't work!!!!!"

Posted by: MJ at April 25, 2012 08:23 AM (/x4oj)

105

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)

106 Wow; from gateway pundit "With more and more vehicle owners simply deciding refuse to pay red light camera and speed camera tickets, private, for-profit companies and municipalities are growing increasingly desperate. AmericaÂ’s second-largest city shut down its photo ticketing program last year largely because residents who could not afford the $500 citations did not pay them. On Monday, Las Cruces, New Mexico announced it would shut off the utilities of city residents who refused to pay Redflex Traffic Systems, the Australian company that owns and operates the cameras."

Posted by: yea, foreshadowing at April 25, 2012 08:25 AM (HOOye)

107
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)

108 Obama's passivity,

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)

109

btw I love the nic Barky O'DogEater.  Wish I'd thought of that! 

 

Posted by: Boots at April 25, 2012 08:30 AM (neKzn)

110 Libs will use this to call for more spending. Krugman, et al, to say "See wingnuts, austerity doesn't work!!!!!"Posted by: MJ

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)

111 OT, but good LORD. Obama's on the cover of Rolling Stone this week. AGAIN.

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)

112 OT, but good LORD. Obama's on the cover of Rolling Stone this week. AGAIN.
Is there a halo around his dick?

Posted by: andycanuck at April 25, 2012 08:39 AM (nU/dt)

113

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)

114 @108 - Bankrupt the bastards. 

Posted by: JEM at April 25, 2012 08:43 AM (o+SC1)

115 Trusting Europe to pull us out of recession?  whoever would do that?  not even barky.

Posted by: jeanne...meh at April 25, 2012 08:43 AM (GdalM)

116 Not much need to worry about the UK economy vis-a-vis November's  election. Based upon today's durable goods report (the worst in 3 years) and   the recent trend in initial jobless claims (creeping back up towards 400k per  week) it's probable the U.S. economy itself will be back into recession  effective April or May.  Zombieland here wouldn't know Great Britain from  the  band Great White, nor do they care, but  they do understand and  appreciate  the economics of their own kitchen tables. 

Posted by: Tsar Nicholas II at April 25, 2012 08:44 AM (f8XyF)

117 Obama's re-election hinges on mediocre (at best) job growth. That isn't happening if the world slips into recession in the next few months. Not enough time to spin. Just enough time to cost him the vote though.

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)

118

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)

119

Also,

 

EXTREMISTS.  The lot of you.

 

Posted by: Circa (Insert Year Here) at April 25, 2012 08:48 AM (B+qrE)

120 I love the smell of failure in the morning. Smells like K-Y and Lysol.

Posted by: Commander Gutsy Call at April 25, 2012 08:53 AM (/ZZCn)

121 Would love to know how much our Fed has sunk into Europe to keep it to going into recession

Posted by: @ParisParamus at April 25, 2012 08:54 AM (rp6/p)

122 UNEXPECTEDLY!!!!1111!!!!!!!!1111!1!1

Yeah, right.

Posted by: dfbaskwill at April 25, 2012 09:00 AM (71LDo)

123 How does this impact my children?

Posted by: Michelle Obama at April 25, 2012 09:10 AM (FoNan)

124

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)

125

DOOM is coming.

 

Shitty situation. Only one thing can save us ...

 

Yep...

 

HIGH. SPEED. RAIL.

Posted by: Jay Guevara at April 25, 2012 10:30 AM (0BR8F)

126 Obama is a stuttering clusterf*ck of a miserable failure.

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