The Hysterically Impotent AuRaptor!

POSTED BY: Jongsstraw
UPDATED: Monday, January 8, 2024 01:39
VIEWED: 4897
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SIGNYM

Friday, March 6, 2009 1:41 AM

You're such a boob.

WHAT are people going to buy with?

More credit?

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It's the end of the world as we know it, and I feel fine.

KIRKULES

Friday, March 6, 2009 1:49 AM

Quote:
Originally posted by SignyM:
You're such a boob.

WHAT are people going to buy with?

More credit?

Despite a hurendous fourth quarter GDP number the yearly GDP actually grew slightly last year. It's not like all economic activity has stopped.

I hereby predict the end of the world by asteroid strike. Science shows that I have a 99% chance of being correct some day.

SIGNYM

Friday, March 6, 2009 2:19 AM

Well, I stand by my predictions. Roughly 12% are either late on their mortgage payments or facing default. Since they represent about 30% of the population (roughly 33% rent, 33% own outright, and 33% pay mortgage) that's a pretty big chunk ... 4% ... of the spending population.

So far, I've been right, altho in this case I'll be happy to be proved wrong.

We'll see.

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It's the end of the world as we know it, and I feel fine.

RUE

Friday, March 6, 2009 3:14 AM

"You all have gone from preddicting endless prosperity ..."

That would be Rap, your capitalism cheerleader comrade. Pretty much everyone else was laughing at him.

***************************************************************

Silence is consent.

RUE

Friday, March 6, 2009 4:19 AM

"Despite a horrendous fourth quarter GDP number the yearly GDP actually grew slightly last year. It's not like all economic activity has stopped."

GDP is not a valid indicator. One way it can go up is by devaluing the currency. The other way it can go up is if people use capital to acquire businesses - it looks like a sale, but it isn't, it's just existing stuff being moved around between equal players.

Demand only happens when a lot of people with money (or credit) spend. Demand is not going to go up, it's going to tank even more, and take the economy with it.

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At present, Obama is clearly not getting to crux of the problems. And he probably won't be able to for a while b/c the political will is just not there.

"Study finds third of Americans under 65 had no health insurance at some point in the past two years." Well, people skate by without insurance all the time. Sometimes they stay healthy, sometimes they get sick and don't get treated, sometimes they end up in bankruptcy. The AARP estimates 1.85 million Americans go bankrupt every year due to medical bills. But that's less than 1% of the US population. When it happens in YOUR family it's devastating. But unless it happens en masse, people just won't care. So will Obama get the push he needs to change the health care system ? No, despite the fact that it's a vitally important POLICY issue.

Unemployment - the rate rose in February to 7.6%. That's somewhat under 1 in every 10 people. But if it's not YOU - why should you care ? Somewhat over 90% of people don't care. Fixing the job situation, extending unemployment benefits - not a concern to the vast majority of Americans.

The mortgage crisis - "Nearly 12% of all mortgages are either late, delinquent, or are in foreclosure." Roughly 1/3 of families are paying on a house. So 12% of 1/3 is roughly 4% of American families. Only 4% ! If people can ignore the 1/3 without health insurance and the 8% without a job, surely 4% losing their homes is vanishingly small. But there will be lots of good deals out there, you betcha'.

Banks - we have the recent example of Argentina closing its banks so that people couldn't withdraw their money, and then changing the currency and wiping out hoarding, and savings. But we're not there --- yet. And so banks will continue to operate the way they've been operating, and no one will care what they do. Any attempt at reform will be met with resistance to 'socialism'.

The same goes for many of the country's problems. Until unemployment is at 30%, and people are in bread lines to avoid starving on the street, and Hoovervilles spring up everywhere, any measure Obama tries to take will be seen as too extreme.

That's why these problems are not going to be fixed until they get much, much worse.

***************************************************************

Silence is consent.

RUE

Friday, March 6, 2009 4:30 AM

And then there are your heroes at work, doing their level best to make things worse, eh Jongs ?

Senate Republicans force delay on spending bill

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Silence is consent.

KWICKO

Friday, March 6, 2009 4:35 AM

So Rue - It almost sounds like you're saying the only way to pull out of this dive is to aim straight at the ground and firewall the throttles. Which makes sense if you're a pilot, even if it sounds suicidal. When you've got a dead stick and a stalled aircraft, one quick way to get airflow across the control surfaces so you can have control again is to put the nose straight down, so you can build up speed to more quickly gain maneuverability.

So if it's not going to get better until it gets much worse, then let's hurry up the worse!

Sounds like you and I have the same idea in mind, but for much different reasons - like I said before, if we're going off a cliff, I call shotgun. If we're in a nosedive, slam those throttles forward and put that nose down!

Mike

I can't run no more
with that lawless crowd
while the killers in high places
say their prayers out loud.
But they've summoned, they've summoned up
a thundercloud
and they're going to hear from me.

- Anthem, by Leonard Cohen

RUE

Friday, March 6, 2009 4:41 AM

I don't see a way to temporize out of this. Half-measures won't do.

So yeah, go for the gusto.

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I like corny old jokes. Do you remember the beer commercial that went - you only go around once in this life, so you have to grab for all the gusto you can get.

The addendum by the jokesters went - of course, you might get slapped down once or twice ...

And I also like corny new jokes in commercials. I think my favorite are the 'real men of genius' commercials. Dignity is overrated ...

Anyway, it's been a long, long, looong day. Doing lots of family medical stuff, only this time around it's me spending 5 hours a day 4 days a week at trying to not hurt quite so much. So I'm going to sign off and call it a day's end.

AURAPTOR

Friday, March 6, 2009 5:49 AM

Quote:
Originally posted by Kwicko:
In other words, you're mad because you feel that Obama is doing the same things you were perfectly okay with Bush doing?

'

Only Obama is spending more in 2 1/2 months than Bush spent in 8 yrs, fighting 2 wars and a series of hurricanes.

Bravo, Barry.

It is not those who use the term "Islamo-Fascism" who are sullying the name of Islam; it is the Islamo-Fascists. - Dennis Prager

A concern of the GOP is that the people aren't informed enough to understand their policies, while a fear of the Dems is that the people ARE.

JONGSSTRAW

Friday, March 6, 2009 1:07 PM

Quote:
Originally posted by SignyM:
Jong, I hate to say this but... you're STUPID. Do you REALLY think that it's NOT the rapacious overextended CEOs that got us into this mess in the first place, aided and abetted by Bush??? WHY do you think that this kind of shit happens every time the disparity in income.... AIDED AND ABEETED BY BUSH.... reaches "historic" proportions?

I've been predicitng the great depression for a couple of years now. Had "Let's party like it's 1929" as my tag-line for a loooong time. Everybody thought "It couldn't happen". Man, we were laying on the train tracks, and the train was coming. It's NOT something that anyone can instantaneously reverse. Bush sowed the wind. Now we're reaping the whirlwind.

God, you're such a tool.

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It's the end of the world as we know it, and I feel fine.

Signy, To you and your fellow Bush Derangement Sufferers FOR LIFE victims, you're all a bunch of gutless cowards and suicidal ideologues. You fail to address any point I make about your precious Obama. Instead you blast Bush and me.

Obama and his crack team of tax cheats are making it worse every day for our savings and retirement plans. He's bankrupting America for our children and their grandchildren. He's running amok with power and imaginary tax money. He's taken a economic crisis and used it as an excuse to initiate 40 years of Liberal bad ideas rejected in the past as disasterous, but because it's Obama it's all supposed to work now. What callous stupidity and demonic hijacking of American ecomonic and cultural values. Wall Street knows it, all citizens with any investments know it, but you and your merry band of pan flute players prance around in Obama bliss, oblivious to what's right in front of you.

I see Obama for what he truly is...... a mere figurehead, a pretty talker to give speeches to the ignorant masses, while Pelosi, Reid, and the far-Left Dems suck the lifeblood out of what's left of this economy in their demented quest to transform America into a socialist cradle-to-grave nanny-state for their loser misfit voter base. And, of course, if anyone disagrees with these plans, Obama and Emmanuel send out their on-call ex-Clinton smarmy attack dogs Carville & Begalia. What a freak show. How's your money doing under Obama pal? I guess you like going to the poorhouse.

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