114
   

Where is the US economy headed?

 
 
okie
 
  -1  
Reply Fri 13 Aug, 2010 08:54 pm
@okie,
And was this evidence of conservatism, ha ha? Sounds kind of unusual for a free market conservative, don't ya think, George?

"We are socialists, we are enemies of today's capitalistic economic system for the exploitation of the economically weak, with its unfair salaries, with its unseemly evaluation of a human being according to wealth and property instead of responsibility and performance, and we are all determined to destroy this system under all conditions." --Adolf Hitler
georgeob1
 
  1  
Reply Fri 13 Aug, 2010 09:03 pm
@okie,
Despite the rhetoric and writings that were used by Hitler and his aides in their rise to power, the fact is their actions in power suggest they were animated by no strong ideology, political or economic, save only (1) war to redress perceived wrongs from WWI and to expand German domination over all of Europe (and perhaps beyond) ; and (2) their personal autocratic power. The history of the Third Reich and the relations among the principals of the regime is more suggestive of a group of gangsters united only by their ideas of a superior German race and their own lust for power, and not at all by any central political or economic ideas.

Okie is using writings cynically used in their struggle for power as a substitute for doctrines they actually practiced in order to rationalize his odd ideas..
plainoldme
 
  0  
Reply Fri 13 Aug, 2010 09:38 pm
Here is a chart comparing Obama and Bush tax cuts . . . if this works!

GR2010081106717-thumb-454x592-23659.gif
0 Replies
 
plainoldme
 
  0  
Reply Fri 13 Aug, 2010 09:43 pm
@georgeob1,
Interesting. One of my professors from Marygrove decided to attend a Mass at which Coughlin, then in his 80s, preached because of Coughlin's large historical imprint. Both she and her husband regretted that decision.
0 Replies
 
plainoldme
 
  0  
Reply Fri 13 Aug, 2010 09:45 pm
@georgeob1,
Quote:
The enduring truth is that some progressive redistributionist movements can be the cause or rationalization for great and enduring tyrannies. Others end up far more benign. Knowing the difference requires thought, insight and a flexible mind.


I think there are too many variables for "thought, insight and a flexible mind" to ever know the outcome of any manmade venture.
plainoldme
 
  0  
Reply Fri 13 Aug, 2010 09:49 pm
@okie,
Quote:
Fine, run away from what stares you in the face, George


Why are you slapping George in the face? He courteously rendered you a service! I think his patience and his intellection deserve better than the sort of stinging rebuke you gave him here! You just did what George said you do!
0 Replies
 
old europe
 
  0  
Reply Sat 14 Aug, 2010 12:06 am
@okie,
okie wrote:
Strange that conservatives like Winston Churchill had to oppose the man then? Why fight a fellow conservative?

Neville Chamberlain was a conservative, too. He famously didn't go to war with Hitler. Why fight a fellow conservative, right?
0 Replies
 
mysteryman
 
  1  
Reply Sat 14 Aug, 2010 12:31 am
@parados,
Nope, but I am also including his entire term, to this point.
I freely admit that it has come down less then 1 point since his first budget, however, since everyone is giving him credit for his entire term so far, I see no reason why I shouldnt do the same.

So, when the unemployment rate gets down to what it was when he was sworn in, and goes below that rate, I will give him all the credit.

But, since it went up after he was sworn in, then as long as it stays above what it was when he was sworn in means that it hasnt gone down, and he cant brag about it going down.
rabel22
 
  1  
Reply Sat 14 Aug, 2010 10:00 am
Isent it odd that no one on the right remembers that the great depression that started in 1929 wasent over untill the forties when we went into the fighting mode of WW2. Eleven or twelve years passed before the end of the depression and the right thinks that this depression/recession should be cured in less than 2 years when it took bush eight years to establish it. A thinking person can be educated but stupidity is incureable. Especially when they are pushing the same policies that Bush started the present depression/recession with.
0 Replies
 
cicerone imposter
 
  1  
Reply Sat 14 Aug, 2010 10:17 am
@plainoldme,
So true; we can only go by our own subjective perceptions of what that can mean.
0 Replies
 
parados
 
  1  
Reply Sat 14 Aug, 2010 10:18 am
@mysteryman,
Quote:
I freely admit that it has come down less then 1 point since his first budget, however, since everyone is giving him credit for his entire term so far, I see no reason why I shouldnt do the same.

So.. you keep the same standard for everyone?

So Bush is responsible for 9/11 then in your mind?
cicerone imposter
 
  2  
Reply Sat 14 Aug, 2010 10:20 am
@georgeob1,
okie will never be able to decipher the difference. okie can't see that once Hitler came to power, he ignored those 25 "intentions."
0 Replies
 
plainoldme
 
  0  
Reply Sat 14 Aug, 2010 11:13 am
Georgeob,

Thank you for your information.
MontereyJack
 
  2  
Reply Sat 14 Aug, 2010 12:20 pm
Interestingly enough--to me, at least--while doing research for another thread, I casme upon the fact that Sweden, unhampered by conservative ideologues, adopted full-scale Keynesian economics (i.e. large government stimulus programs), and was out of the Great Depression by 1934. The same sort of conservative impedimenteers who hindered similar steps in the U.S. in the Depression, costing us half a decade further before recovery, still deter full U. S. recovery from Bush's Great Recession.
0 Replies
 
realjohnboy
 
  1  
Reply Sat 14 Aug, 2010 01:17 pm
CPI-W for July, 2010
The BLS came out yesterday with the index for Urban Wage Earners and Clerical Workers. This statistic will be closely watched in July, August and September because it is used to determine how much if any increase there will be in Social Security payments in 2011.
July, 2008: 216.304
July, 2009: 210.526
July, 2010: 213.898
Retirees got no increase in benefits in 2010 because the average of the indices for the 3rd Q, 2009, declined vs 2008. And they will likely again get no increase next year either.
The 3rd Q of 2008, particularly in July, was impacted by a spike in oil prices that summer. The index held relatively steady for the rest of the 3rd Q before tanking in November, 2008.
I see that oil prices, an important component of the CPI, have declined several dollars a barrel in August.
The September index, the final piece of the data needed to be able to certify the 2nd year of no SS increase, will come out on, I believe, October 15th. Right before the election!
kuvasz
 
  1  
Reply Sat 14 Aug, 2010 02:03 pm
@okie,
While the very name of the Nazis, viz., National Socialist Workers Party proclaims it as socialist, Hitler was vague indeed on the type of “socialism” he envisaged for Germany.

His view on "socialism," stated in a speech he gave on July 28, 1922:

Quote:
“Whoever is prepared to make the national cause his own to such as extent that he knows no higher ideal than the welfare of his nation; whoever has understood our great national anthem, ‘Deutschland ueber Alles,” to mean that nothing in the wide world surpasses in his eyes this Germany, people, and land, that man is a socialist”

“Adolph Hitler Reden,” p.32, quoted by Bullock.


One could easily describe "American Exceptionalism," in which Okie believes as socialism using Hitler's definition.

Therefore, Okie is a socialist!

btw; There was no Bolshevik or socialist attempt at revolution in the winter of 1933, regardless of the efforts of Goering and von Papen to incite one in the press. By February of that year, Hitler had banned all communist meetings and had shut down the communist press. Social democratic rallies were banned or disrupted, and within weeks all socialist newspapers were shut down as well. Socialism, as an economic political philosophy of redistribution of national wealth as is generally considered by reasonable persons was dead in the Third Reich

The major industrialists in Germany backed Hitler and from these he drew his funding to act as a counterbalance against the communists and socialists. To even venture to call Hitler a socialist is really ignorant nonsense. He ordered the execution of Ernst Rohm and other avowed socialists in the SA during the Night of the Long Knives, because they largely rejected capitalism (which they associated with Jews) and pushed for nationalisation of major industrial firms, expanded worker control, confiscation and redistribution of the estates of the old aristocracy and social equality.

georgeob1
 
  1  
Reply Sat 14 Aug, 2010 03:06 pm
@plainoldme,
You are welcome. As you can guess I was pleased to provide it.

Where was Marygrove ? I graduated from U of D High School on 7 mile road.
ican711nm
 
  0  
Reply Sat 14 Aug, 2010 05:43 pm
Weiss Research wrote:
Fed insanity
crushes stocks!

Every major forecast we’ve given you so far this year is now coming true in spades:

On Tuesday, the Fed issued a stern warning, admitting what we’ve known for more than a year: The recovery is evaporating before our very eyes.

And yesterday, global investors dumped U.S. stocks with both hands, just as we warned they would, as the Dow plunged.

Next Tuesday, at noon, we’ll prepare you for the NEXT shoes to drop — with our major forecasts for the rest of 2010 and beyond ...

PLUS the investments we’re counting on to multiply your money.

...

Day after day, week after week, we’ve warned you that the recovery was a sham. A hoax. A costly trap for gullible investors.

Over and over again, we’ve shown you how the apparent improvement in some economic data and stocks was a mirage: Driven almost entirely by $3.7 trillion in Washington bailouts and Fed money printing. Most of all, we warned you that as the funny money ran out, the recovery would vanish right along with it.

Now, just in the past 48 hours, you’ve seen our forecasts begin coming true in spades.

FIRST, on Wednesday, the Federal Reserve’s Open Market Committee confirmed that the economy is slowing precipitously.

SECOND, also on Wednesday, Fed researchers warned that we are now at risk for a double-dip recession.

AND THIRD, global investors slaughtered U.S. stocks yesterday, driving the Dow 265 points lower — a startling 2.5% decline in a single session.

Actually, any investor who lost “only” 2.5% in U.S. stocks yesterday should count his blessings:

Wells Fargo swooned 9.2% ...

Beazer Homes declined 9.3% ...

Boise fell 9.79% ...

Lee Enterprises dropped 10.5% ...

Capital Bancorp plunged 10.8% ... Owens Corning cratered 11.5%, and ..

C&D Technologies fell off the cliff, losing 20.6% of its value!

All in a single session!

All with enormous consequences for every dollar you have saved, invested and put away for retirement!

This is why Martin and I are going to be on next Tuesday’s critical online video briefing, “Eight Bold New Forecasts for 2010” — to show you why the future of the U.S. economy is now more closely linked to “Helicopter Ben” Bernanke’s money-printing obsession than ever before and to tell you what we see coming NEXT!
...
cicerone imposter
 
  2  
Reply Sat 14 Aug, 2010 05:48 pm
@ican711nm,
ican, It's very evident that your reliance on one opinion concerning our economy shows your total ignorance about economics. Give it up; you just make yourself look more the fool.
realjohnboy
 
  1  
Reply Sat 14 Aug, 2010 06:00 pm
@cicerone imposter,
It is more than that, Tak. Weiss Research's frenetic memo (with lots of !!!'s) is probably a total scam. I get calls and letters a couple of times a week from their ilk. They do not do any kind of economic research. They are, in my opinion, a boiler room operation. Plain and simple.
 

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