3.9% GDP growth!

Thank you Obama! Out of recession and economic growth reaches 11 year high! yes, your prez is a black man. or you can leave the country..

http://www.msnbc.com/rachel-maddow-show/economic-growth-reaches-11-year-high

Your long-winded hot air can be refuted with one counter question...

So, what evidence do you have that the gov stats are valid?

ZH presents a refutation, and you suck the gov d___. And don't act as though various economic stats have never been 'revised' by adding or subtracting different variables.

Leon Trollsky wrote:

Your long-winded hot air can be refuted with one counter question...

So, what evidence do you have that the gov stats are valid?

ZH presents a refutation, and you suck the gov d___. And don't act as though various economic stats have never been 'revised' by adding or subtracting different variables.

it's not hot air.

not provable

occam's razor tells us that it is more likely that thousands of bureaucrats are in fact NOT engaged in massive conspiracy to make stuff up.

Because no massive conspriracy of that sort has ever existed.

ok?

What the hey?! wrote:

Just asking. wrote:

If you (don't) care about his opinion, why do you feel the necessity to continually respond?

"Continually respond"? Interesting choice of words.

Are you asking why because you actually want to know, or because you doubt that I don't care about his opinion? Your question sounds like the latter.

If it doesn't take much time, I suppose I prefer to set the record straight. When publicly accused of something, I suppose I chose to defend myself. Not for the opinion of the accuser, but more for anyone else that might mosey along and be worth caring about.

I ask because you seem disingenuous. You say one thing, but your actions betray your words.

Or at least no such cConspiracy has ever been uncovered

Ghost of Igloi wrote:

1. Thank Bush and the military for getting Bin Laden

2.Thank a resilent economyand its' ability to overcome the poor policies of the Obama Administration

3. Thank the Federal Reserve for driving stock prices above historical valuations

4. Thank Eric Holder, Al Sharpton and others for inflaming racial tensions

5. Thank Thank Hank Paulson and Timothy Geithner for saving the banking system and automobile industry

1. Yeah. It was Bush who was president and made this happen.

2. Lol. The past 8 years led to this. Bush's last 8 years created what we inherited. what world do you live in.

3. Um, no.

4.what does this have to do with anything

5. Ugh. Im tired and have no time for this anymore. I just hope you're not serious or at least under 17 y/o

agip wrote:

occam's razor tells us that it is more likely that thousands of bureaucrats are in fact NOT engaged in massive conspiracy to make stuff up.

Occam's razor doesn't apply to government and politics any more than it applies to advertising. Both are full of elaborate deceptions cleverly packaged as simple truths, and things are rarely as they seem up front.

Bad Wigins wrote:

agip wrote:

occam's razor tells us that it is more likely that thousands of bureaucrats are in fact NOT engaged in massive conspiracy to make stuff up.

Occam's razor doesn't apply to government and politics any more than it applies to advertising. Both are full of elaborate deceptions cleverly packaged as simple truths, and things are rarely as they seem up front.

surely you don't suggest that it is likely or even possible that the thousands of professional economists and bureaucrats who put together the economic stats regularly bend to politicians' whims?

and not one, not ever, never, has blown the whistle?

Occam's razor is a blunt instrument, if you don't mind the odd metaphor, but it works here.

Assuming mass conspiracy is wrong virtually every time.

Sorry crazy people, but that's the troof.

BENGHAZI!!

Retort:

1. I suppose it is your thinking 9/11 was caused by Bush and radical Islam is not a threat.

2. Loose Federal Reserve Monetary policies and loose lending policies led to the Great Recession. Obama Care has done more to hurt the economy than anything under the Bush Administration.

3. Um yes. Based on reliable measures that can be historically back tested the U.S. stock market is trading above its historical average. The S&P 500 is up three times from its low of 666 on March 9, 2009.

4. I was responding to a previous post, so wake up junior.

5. I am 64 years old and love to repsond to those that so clearly lack common sense.

HILLARY!!!

Ghost of Igloi wrote:

Retort:

1. I suppose it is your thinking 9/11 was caused by Bush and radical Islam is not a threat.

2. Loose Federal Reserve Monetary policies and loose lending policies led to the Great Recession. Obama Care has done more to hurt the economy than anything under the Bush Administration.

3. Um yes. Based on reliable measures that can be historically back tested the U.S. stock market is trading above its historical average. The S&P 500 is up three times from its low of 666 on March 9, 2009.

4. I was responding to a previous post, so wake up junior.

5. I am 64 years old and love to repsond to those that so clearly lack common sense.

5. Do you talk to yourself much?

Ghost of Igloi wrote:

2. Loose Federal Reserve Monetary policies and loose lending policies led to the Great Recession. Obama Care has done more to hurt the economy than anything under the Bush Administration..

seriously?

obamacare is worse than the great recession?

poorish people getting subsidized health insurance has had a worse impact on the economy than deregulation of banks leading to the worst recession in 80 years. uh huh.

anyway, why do you say the Fed has loose policies? The Fed raised rates steadily from 2004 to 2006, ending at a highish 5.25% in July 2007.

Explain the logic underlying your conclusion, please.

2. I have no issue with regulating the banks. However, be clear, there were regulations on the books that were not being enforced. Obama Care has actually hurt those that it is designed to help. For example the policy of the the minimum thirty hour work week for qualification. It is clear that this part of the mandate has had a negative impact of employment.The 5.25% highish rate you quoted is actually more in-line with the historical average. The 10 year treasury bond hit a record low last year at 1.37% and broke 2% recently last month. The 4.4 trillion dollars on the Federal Reserve balance sheet has led to historically low interest rates. Where does it all end? That should be the question you ask. It causes conservative savers to allocate money out of certificates of deposit into dividend paying common stocks. It leads to misallocation of capital; for example, record corporate stock buybacks fueling a record rise in corporate profits. Central banks throughout the world have embarked on monetary easing of historical proportion.I fear it will all end badly. If you think differently, make your bet. I won't.

intelligent response?

sorry, you haven't explained your assertion:

"Obama Care has done more to hurt the economy than anything under the Bush Administration."

even if (and this is unproven) the 30 hour work week has had a negative impact on employment...that is worse than the worst recession since the 1930s?

want to try again?

Go back to my intial comments, that is, the Great Recession was not caused by the Bush Administration.

You try again.

I'll agree with some of your claims here -

but you said the fed was 'loose' in the leadup to the financial crisis. It wasn't loose - it was tightening, ending at what has turned out to be the high water mark for the fed funds rate since 2001.

I'll object to your drawing a causality line from stock buybacks to fueling a record rise in corporate profits. huh? how does that work? the rise in corporate profits is from high margins stemming from general health in the economy, new technology, and low wage growth. Not from buybacks. Although you are probably drawing some long logic chain.

Ghost of Igloi wrote:

Go back to my intial comments, that is, the Great Recession was not caused by the Bush Administration.

You try again.

I'm not going to sort through this thread to guess which of your posts you are referring to. If you want a debate make your assertion clear and I will agree or disagree.