OT: The Great Tea Party Depression Deepens (growth <3% isn't growth)
dave
of the Great Depression, the economy grew 7.7 percent. The next year it
grew over 8 percent. In 1936 it grew a whopping 14.1 percent.
Add two other ominous signs: Real hourly wages continue to fall, and
housing prices continue to drop. Hourly wages are falling because with
unemployment so high, most people have no bargaining power and will take
whatever they can get. Housing is dropping because of the ever-larger
number of homes people have walked away from because they can't pay
their mortgages. But because homes the biggest asset most Americans own,
as home prices drop most Americans feel even poorer.
There's no possibility government will make up for the coming shortfall
in consumer spending. To the contrary, government is worsening the
situation. State and local governments are slashing their budgets by
roughly $110 billion this year. The federal stimulus is ending, and the
federal government will end up cutting some $30 billion from this year's
budget.
In other words: Watch out. We may avoid a double dip but the economy is
slowing ominously, and the booster rockets are disappearing.
So why aren't we getting the truth about the economy? For one thing,
Wall Street is buoyant -- and most financial news you hear comes from
the Street. Wall Street profits soared to $426.5 billion last quarter,
according to the Commerce Department. (That gain more than offset a drop
in the profits of non-financial domestic companies.) Anyone who believes
the Dodd-Frank financial reform bill put a stop to the Street's
creativity hasn't been watching.
To the extent non-financial companies are doing well, they're making
most of their money abroad. Since 1992, for example, G.E.'s offshore
profits have risen $92 billion, from $15 billion (which is one reason it
pays no U.S. taxes). In fact, the only group that's optimistic about the
future are CEOs of big American companies. The Business Roundtable's
economic outlook index, which surveys 142 CEOs, is now at its highest
point since it began in 2002.
Washington, meanwhile, doesn't want to sound the economic alarm. The
White House and most Democrats want Americans to believe the economy is
on an upswing.
dave
bpnjensen
The truth is painful. It's much easier and more comfortable to hear
the fairytale version.
arthr...@webtv.net
>
> - Show quoted text -
It is the bitter truth . It is MUCH better to ' follow the Yellow
Brick Road ' . The reality is just too brutal . . .
Joe from Kokomo
<snipped>
Seeing as you brought up the Tea-Bagger Party, that generates a question...
In regards to shutting down the government, the media has been saying
that Cry-Baby Boehner is afraid to compromise on the budget because of
his fear of the Tea Party. Why are the few Tea-Baggers controlling the
majority of the 'regular' Republicans? Isn't that like the tail wagging
the dog?
dave
Easy. Because Boehner really wants what the tea party wants, as do the
the republicons in general.
We really need to be careful we don't cut ourselves back into a
recession, like they did in UKoGBNIaW.
cuh...@webtv.net
Donald Trump is RIGHT.
http://www.libertypost.org/cgi-bin/readart.cgi?ArtNum=305569
Mowed my yard, before I got done with all of it, where the handle is
bolted to the frame near the left rear wheel, the handle pulled
loose.Old rusty lawn mower frame.I am going to see can I fix it with
some big flat washers, I Know I can rig it up.The engine still runs real
Good.It doesn't SMOKE at all either like that old country boy from
Edwards,Mississippi! knows ALL About how to BREAK a Chainsaw.He BROKE!
my Chainsaw! pawn shop lawn mower of his.He couldn't even find the Oil
Drain Plug on his own pawn shop $65.00 lawn mower.Heh, his pawn shop
lawn mower is self propelled.I know what happens when those little cheap
ass transmissions wear out.
A Republican guy (he retired from the Army because of diabetes) used to
live next door to me.The transmission on his Sears self propelled lawn
mower conked out.He paid about $100.00 - $125.00 for a new transmission
at the Sears service center that used to be on Greenway Drive, near that
Dangerous Walmart store.I put the new transmission on his Sears lawn
mower for him.
My two lawn mowers don't gots no steenkin transmissions.
cuhulin
MNMikew
"Joe from Kokomo" <j...@indy.net> wrote in message
news:in57mg$6o6$1...@dont-email.me...
Idiot Obomba is going to veto any spending cuts anyway so what does it
matter?
MNMikew
"dave" <da...@dave.dave> wrote in message
news:4d962466$0$12476$bd46...@news.dslextreme.com...
Yes, because spending ourselves back into a recession is much more fun.
dave
Repeal the Bush Obama Tax Cuts!
bpnjensen
> "dave" <d...@dave.dave> wrote in message
Your understanding of how recessions work is amusing, to say the least.
DEFCON 88
>
> Repeal the Bush Obama Tax Cuts!
>
Ya know, you fools who want to flush EVEN MORE tax dollars down that
black hole in Washington DC are free to send the IRS as much money as
you want. So get out your check book and start writing!
Personally, I hope the govt DOES shut down for a while. The power-
hungry swaggering tyrannical beast needs to be starved into submission.
cuh...@webtv.net
County,Missy Sippi, an 18 wheeler collided with a school bus.A ten year
old girl was killed, all of the other 29 school bus passengers were
injurid, some seriously injuried.They were all rushed to University
Medical Hospital in Jackson.The school bus had Stopped (unlike Dime Bag
Laura Bush in Midland,Texas Failed to Stop at that STOP sign and she
Killed her boyfriend!) at a Stop Sigh, then was moving out when the 18
wheeler truck driver saw the schoolbus.He hit the brakes, but just
couldn't Stop in time.
This is backwater hick Missy Sippy, so Who Cares? I Guarantee you if
that had happened in the 'Outside World',,, it would have been Instant
Breaking News everywhere.Especially in New England.
cuhulin
cuh...@webtv.net
Sheet!
http://www.libertypost.org
Isn't news to me, I was telling y'all that long ago.
cuhulin
dave
You've got a very clean cranium there, Pal.
dave
There are quite a few products that CU doesn't like that I do like.
cuh...@webtv.net
car.That Top Gear Queer Richard (the Queer Hamster) Hammond just loves
them.
cuhulin
dave
wagon. They are both paid for and well maintained.
cuh...@webtv.net
speed bicycle, that was back around 1951.I paid the hardware store fifty
cents every week untill I got it paid off.Stay Away from All Brit made
vehicles,,,, they aren't worth a Sheet!
B HO needs to go to Afghanistan.
cuhulin
dave
real Cobra's British isn't it? Doesn't Ford make nice cars in Britain?
cuh...@webtv.net
(Lloyd Bochner) who is appearing at their community theater.
Dude was sitting there (in that community theater) holding onto his
jacket slung over his shoulder, sort of like Atlas Shrugged.He said, My
name is Biff, I am a drifter from Lakahatchie,Mississippi and my story
needs to be told.
HA! There is NO such place as Lakahatchie,Mississippi!
cuhulin
cuh...@webtv.net
A guy at a Michigan Rolls Royce dealership started up a Rolls Royce
car.POS! Rolls Royce car caught on Fire!
cuhulin
Brenda Ann
"dave" wrote in message
news:4d96768d$0$12458$bd46...@news.dslextreme.com...
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
I've heard/read nothing but good about LandRover vehicles. Don't know about
now, but BSA used to be one of the most popular motorcycles.
cuh...@webtv.net
Land Rover/Range/Rover, like Jaguar, was partly owned by Ford Motor
Company U.S.A.
I reckon that is why the quality of Land Rover/Range Rover and Jaguar
Improved.I am not pulling your leg about that either.
Looks like Tata owns Land Rover/Range Rover/whatever now.
American made Jeeps are still the Best.I own a 1948 Willys Jeep.
http://www.devilfinder.com/find.php?Tomm+McCahill+Test+the+Jeep
cuhulin, the Jeep
cuh...@webtv.net
free snail mail Jeep Catalogs from J.C.Whitney Company.I received a new
one a few weeks ago, and you can too.
http://www.devilfinder.com/find.php?q=J.C.Whitney+Jeep+Catalogs
cuhulin, the Jeep Beep Beep Beep
arthr...@webtv.net
He owns a Porsche 993 and an E-type plus some regular American muscle-
cars ...
arthr...@webtv.net
In how many weeks did you pay it off ?
arthr...@webtv.net
wrote:
> "dave" wrote in message
>
> news:4d96768d$0$12458$bd46...@news.dslextreme.com...
>
> > speed bicycle, that was back around 1951.I paid the hardware store fifty
> > cents every week untill I got it paid off.Stay Away from All Brit made
> > vehicles,,,, they aren't worth a Sheet!
>
> > B HO needs to go to Afghanistan.
> > cuhulin
>
> I had a TR-3 for a few days; it didn't like Arizona in the summer. The
> real Cobra's British isn't it? Doesn't Ford make nice cars in Britain?
>
> --------------------------------------------------------------------------------
>
> I've heard/read nothing but good about LandRover vehicles. Don't know about
> now, but BSA used to be one of the most popular motorcycles.
The key word here is 'used to be' .
dave
reliable SUV on the market. But rich people deserve to get screwed so I
salute them.
dave
A '65 Toyota Land Cruiser is that Jeep on acid.
cuh...@webtv.net
http://www.devilfinder.com/find.php?q=Tom+McCahill+Test+the+Jeep
cuhulin, the Jeep
cuh...@webtv.net
SUV (other kinds of vehicles too) regardless of where it was made.I
Automatically NIX OUT any and ALL Brit name brand vehicles.
cuhulin
dave
cuh...@webtv.net
made lawn mower!
About half an hour ago, I was taking a real Good looksee at my old lawn
mower.Where the left rear corner of the frame is rusted and rotted out,
it's wayyyy to Shot for fixin.The engine still runs real Good though. I
reckon next week I will check a few lawn mower shops and see if they
have an old junk lawn mower (the blade on mine is about 19 or 20 sumpin
inches long) they are going to throw away, or I can buy for a few
dollars.
If it isn't a red color (my lawn mower is red) lawn mower frame, I will
buy a cheap spray can of red paint.I wouldn't want that old country boy
from Edwards,Mississippi knows all about chainsaws (he BROKE! my
chainsaw!.He couldn't even find the oil drain plug on his own lawn mower
either.He said, Show me where that oil drain plug is!) to see that I
gots another lawn mower frame to replace my other lawn mower frame.
cuhulin
cuh...@webtv.net
cuhulin
cuh...@webtv.net
Korea too?) and Philipines.They are NOT Real Jeeps though! Hotchkiss of
France was manufacturing almost identical World War Two 'Jeeps' all the
way up to around 1966, I think so.
http://www.devilfinder.com/find.php?q=Hothkiss+Jeeps+France
///la Jeep Francaise? Sheet, Mope, that's NOT a Real Jeep.That's a Frog
Jeep!///
Yeah, Sang.I Know it too.
cuhulin, the Real Jeep
cuh...@webtv.net
Sissy NO Damn Good Brit Sheet!
http://www.devilfinder.com/find.php?q=Where+are+Jeeps+still+being+Manufactured?
Shack's Caboose is fixin to be sticking out again, Fox Movie Channel.
cuhulin, A Number 1 To Portland on the 19th
dave
Sure it ain't the Corolla?
cuh...@webtv.net
something on WLBT 3 tee vee noos yesterday about some American Toyota
factories may have to shut down for a while.I don't think that new Blue
Springs factory is up and running yet.I may be mistaken about that.
http://www.southernautocorridor.com
cuhulin
RHF
> On Apr 1, 5:46 am, dave <d...@dave.dave> wrote:
>
>
>
>
>
>
>
>
>
> > Consider that back in 1934, when it was emerging from the deepest hole
> > of the Great Depression, the economy grew 7.7 percent. The next year it
> > grew over 8 percent. In 1936 it grew a whopping 14.1 percent.
>
> > Add two other ominous signs: Real hourly wages continue to fall, and
> > housing prices continue to drop. Hourly wages are falling because with
> > unemployment so high, most people have no bargaining power and will take
> > whatever they can get. Housing is dropping because of the ever-larger
> > number of homes people have walked away from because they can't pay
> > their mortgages. But because homes the biggest asset most Americans own,
> > as home prices drop most Americans feel even poorer.
>
> > There's no possibility government will make up for the coming shortfall
> > in consumer spending. To the contrary, government is worsening the
> > situation. State and local governments are slashing their budgets by
> > roughly $110 billion this year. The federal stimulus is ending, and the
> > federal government will end up cutting some $30 billion from this year's
> > budget.
>
> > In other words: Watch out. We may avoid a double dip but the economy is
> > slowing ominously, and the booster rockets are disappearing.
>
> > So why aren't we getting the truth about the economy? For one thing,
> > Wall Street is buoyant -- and most financial news you hear comes from
> > the Street. Wall Street profits soared to $426.5 billion last quarter,
> > according to the Commerce Department. (That gain more than offset a drop
> > in the profits of non-financial domestic companies.) Anyone who believes
> > the Dodd-Frank financial reform bill put a stop to the Street's
> > creativity hasn't been watching.
>
> > To the extent non-financial companies are doing well, they're making
> > most of their money abroad. Since 1992, for example, G.E.'s offshore
> > profits have risen $92 billion, from $15 billion (which is one reason it
> > pays no U.S. taxes). In fact, the only group that's optimistic about the
> > future are CEOs of big American companies. The Business Roundtable's
> > economic outlook index, which surveys 142 CEOs, is now at its highest
> > point since it began in 2002.
>
> > Washington, meanwhile, doesn't want to sound the economic alarm. The
> > White House and most Democrats want Americans to believe the economy is
> > on an upswing.
>
> The truth is painful. It's much easier and more comfortable to hear
> the fairytale version.
The Party is O-V-E-R . . .
http://www.youtube.com/watch?v=rEX1dYyvmig
.
Get Ready America - The Great Obama Depression
of 2009 ~ 2016 and beyond...
http://groups.google.com/group/alt.politics.liberalism/msg/7ab4d19b5c461925
No Jobs and High Unemployment ObamaNomics©
Plus Obama-Tax-Slavery©
.
Depressed-R-Us : The Great Obama Depression of 2010~2020
http://groups.google.com/group/rec.radio.shortwave/msg/279ac978f03133f7
Change Means Thing Just Got Worse & No Hope
.
The Great Never Ending "BO" {Obama} Depression of
2010 to 2016 and beyond . . .
http://groups.google.com/group/rec.radio.shortwave/msg/b9a44f9262c7829b
.
The-Mark-of-the-Obama© = $6.66 Gasoline :
Crashing The US Economy
http://groups.google.com/group/rec.radio.shortwave/msg/dbe6320b24966200
.
Why ? Is Prez Obama Trying To Foment Rioting
in the State of Wisconsin !
http://groups.google.com/group/rec.radio.shortwave/msg/7753cb34ecedd7a4
To Cover-Up a Failed Economic Plan and the
Continued Crash of The US Economy
.
.
dave
It better be; NUMMI closed last year.
cuh...@webtv.net
slated to close down, if it hasen't already.
cuhulin