114
   

Where is the US economy headed?

 
 
georgeob1
 
  2  
Reply Thu 26 Aug, 2010 11:26 am
@cicerone imposter,
cicerone imposter wrote:

No. I'm aware of the road maintenance going on all over the San Francisco Bay Area where I regularly travel in my car. There's a local newspaper personality, Gary Richards, who reported the many road maintenance programs now on schedule in this area a few weeks ago. He tries to find solutions for people who write to him with local transportation problems. He's even helped me a couple of times with broken traffic lights. It's encouraging.


Interesting that without the stimulus CALTRANS wasn't doing much road maintenance. The size of the CALTRANS bureaucracy keeps growing intependent of the reduction in their output. These are also the folks who brought us the new Bay Bridge now estimated to cost three times the original budget, and recently raised the tolls on Bay area bridges to $5.00/crossing.

An interesting contrast between economics in government and the real world. In the real world if business volume falls, staff is reduced and kept roughly proportional to the work available while output continues. In government, revenue falls; the staff remains employed but idle and output ceases.
cicerone imposter
 
  0  
Reply Thu 26 Aug, 2010 11:29 am
@georgeob1,
georgeob, I have many criticisms about how our government spends money, but seeing the maintenance of our roads in the greater San Francisco Bay Area is a welcome site - in my books.
georgeob1
 
  2  
Reply Thu 26 Aug, 2010 11:36 am
@cicerone imposter,
Seeing any productive work come out of CALTRANS is a welcome sight. Looking at the cost and schedule performance of the work they do is very depressing. Their state budget is huge, but we get damn little for it. Outsourced design & construction projects for roads & highways generally cost about 2/3rds of those done internally - and CALTRANS accounting omits enormous fixed costs in their bloated bureaucracy.
cicerone imposter
 
  1  
Reply Thu 26 Aug, 2010 11:39 am
@georgeob1,
I can agree with your assessment, but my observations goes much further than just CalTrans. It has to do with their pay structure and benefits as well - for most positions created by government. Bell was an anomaly, but not by much when one looks at government pay vs private pay and benefits.
0 Replies
 
talk72000
 
  1  
Reply Thu 26 Aug, 2010 11:57 am
@cicerone imposter,
The Republicans blocked everything so Obama had to make do with a bill that everyone can find fault with. To rectify the situation is to vote out the Republicans so Democrats canbringout proper healthcare.
georgeob1
 
  1  
Reply Thu 26 Aug, 2010 12:00 pm
@talk72000,
Yeah sure. None of their screw ups are their fault.
talk72000
 
  1  
Reply Thu 26 Aug, 2010 12:08 pm
@georgeob1,
The Republicans want to gum up the works to make Democrats look bad. There is no constructive criticism just criticism from all anlges regardess if they are contradictory. The stimulus package to prevent the a depression is used to hammer Democrats even though GWB caused the financial meltdown. Then the Republicans attack the size of the stimulus and want it smaller to create greater employment. This is a treasonous attack. GWB should be charged with treason for putting the United states in such tenterhooks regarding Islam and the almost depression.
cicerone imposter
 
  0  
Reply Thu 26 Aug, 2010 12:17 pm
@talk72000,
I'm aware of the No Party tactics.
0 Replies
 
georgeob1
 
  1  
Reply Thu 26 Aug, 2010 01:19 pm
@talk72000,
It appears that you drank all of the Kool Aid. I guess thinking for yourself is too much of a chore.
Cycloptichorn
 
  1  
Reply Thu 26 Aug, 2010 01:22 pm
@georgeob1,
Well, I don't know about the accuracy of everything Talk wrote. But this:

Quote:
The Republicans want to gum up the works to make Democrats look bad.


I mean, by any measure, that's true. This was the admitted plan that McConnell put in place in the Senate after the 2008 election.

Cycloptichorn
cicerone imposter
 
  1  
Reply Thu 26 Aug, 2010 01:22 pm
@georgeob1,
georgeob, Cut out the ad hominems; you're more intelligent than that! I can produce many articles where the GOP has just said "No" to many legislation that congress tries to pass. The problem is that the GOP doesn't provide alternative or better legislation that is necessary to help this country.

I'm not trying to imply that all the legislation that the democrats introduces are good ones, but just saying "no" is not helpful to the process.
0 Replies
 
talk72000
 
  1  
Reply Thu 26 Aug, 2010 01:36 pm
@georgeob1,
George Obiwan Kenobi doesn't live up to the Jedi Code.
0 Replies
 
georgeob1
 
  1  
Reply Thu 26 Aug, 2010 01:41 pm
@Cycloptichorn,
Do you have demonstrable proof of that assertion?

How can you tell the difference between opposition to the specifics of proposed legislation and "the intent to make Democrats look bad"?

Do you suppose the Democrs aren't trying just as hard to make the Republicans look bad? Do you believe there is any substantial difference here?

The "mandate for change" the Denocrats claimed after the last election appears to be slipping out of their hands. Whose fault is that?
Cycloptichorn
 
  1  
Reply Thu 26 Aug, 2010 02:03 pm
@georgeob1,
georgeob1 wrote:

Do you have demonstrable proof of that assertion?


Sure. The Republicans have filibustered pretty much every single thing that has been put forth in the Senate this cycle - twice as much as the previous high point for filibusters.

It is obvious to everyone - except the rankest of ideologues, George - that the strategy is not based on individual bills, but instead on an overall plan to make Obama and Washington look bad.

Read for yourself - McConnell has as much as admitted that they will do every single thing they can to score political points, by using procedural tricks to slow ALL legislation, not only to make the Dems and Obama look bad (and to water their bills down), but to make Americans lose confidence in Washington - a key Republican talking point.

http://www.idahostatesman.com/2010/02/12/1078256/senate-republicans-filibuster.html

http://www.huffingtonpost.com/yuna-shin/mitch-mcconnells-strategy_b_509216.html

http://www.nytimes.com/2010/03/17/us/politics/17mcconnell.html?_r=1

Here's Biden talking about it:

http://hotlineoncall.nationaljournal.com/archives/2010/06/biden_accuses_g.php

Quote:
"I know at least 7 [GOP] senators, who I will not name, but were made to make a commitment under threat of losing their chairmanships, if they did not support the leadership on every procedural vote," Biden said at a fundraiser Monday night.

"Every single thing we did, from the important to the not so important, required for the first time in modern American history, majority votes required 60 votes. All the sudden a majority became 60 instead of 50," the VP added, according to a pool report of the event.


He's correct - McConnell now regularly claims that 60 votes is 'normal' for legislation in the Senate, and that this is 'how the Founding Fathers intended the Senate to function.' Both totally false statements.

This, however, is the statement that I think you will find the most convincing:

http://www.nationaljournal.com/njmagazine/nj_20100320_9241.php

Quote:
McConnell: In January of 2009, I looked at a lot of poll data, and the ray of hope that I could give my members was that the independents that wiped us out in ‘06 and ‘08 held similar views, ones that I knew most of my members had, on spending and national security. I thought we could regain their confidence on spending and national security. Then as the year unfolded — whether it became the stimulus, the budget, Guantanamo, health care — what I tried to do and what John [Boehner] did very skillfully, as well, was to unify our members in opposition to it. Had we not done that, I don’t think the public would have been as appalled as they became over the fact that the government was now running banks, insurance companies, car companies, taking over the student-loan business, which they’re going to try to do in this health care bill, and taking over one-sixth of the economy.

Public opinion can change, but it is affected by what elected officials do. Our reaction to what they were doing had a lot to do with how the public felt about it. Republican unity in the House and Senate has been the major contributing factor to shifting American public opinion. I’ve spent an enormous amount of time working among our members to try to get us all on the same page. This year we had a remarkable level of harmony, and that doesn’t happen overnight. It’s a constant effort to try to interact, communicate, and persuade. My view is that the most important vote is the next vote.


Here's Yglesias describing this admission:

Quote:
That’s exactly right. Since January of 2009, instead of sticking their fingers in the wind and only opposing unpopular initiatives, Republicans have reduced the popularity of initiatives by opposing them. The blanket opposition makes Obama’s initiatives look “partisan” and then it leads, necessarily, to Democratic infighting that further reduces support. If you don’t care at all about the welfare of human beings, this is a very smart strategy.


Quote:
How can you tell the difference between opposition to the specifics of proposed legislation and "the intent to make Democrats look bad"?


Oh, I think a great way to confirm that is to point out that this year Grassley, Snowe, Lindsey Graham, and McCain all voted against bills that they originally co-sponsored, in order to keep them from getting cloture and moving forward. You don't see that all that often, unless the goal is to keep anything at all from passing.

Quote:
Do you suppose the Democrs aren't trying just as hard to make the Republicans look bad? Do you believe there is any substantial difference here?


The statistics don't lie, George: the Republicans have abused the procedures badly in both the House and the Senate, to a far greater degree than the Democrats ever did. They have held up an unprecedented number of nominations, so many so that it has actively hurt the Democrats' ability to run the country.

And if you think that's not true, go ahead and challenge me to provide data. I dare ya.

Quote:
The "mandate for change" the Denocrats claimed after the last election appears to be slipping out of their hands. Whose fault is that?


I would blame that on the Department of Useless and Baseless Assertions, George. The only Bureaucracy that you are a proud member of.

Cycloptichorn
roger
 
  2  
Reply Thu 26 Aug, 2010 02:43 pm
@georgeob1,
We surely do not need more examples of bloated bureaucracies, but I was actually thinking about social security operations recently. My first visit was in the late '50s in Miami, FL. There were two ladies in the front office directing you to the application forms. There was no back office. So, you completed the form, presented identification, and one of the ladies typed up your social security card.

My last visit was in Farmington, NM in 2008. There were three ladies in the front office, and their job seemed to be to tell you to take a number and wait. There was also an armed security guard of some sort. We do have a back office. Out in the cubicle jungle there are about thirty desks, some of which are occupied. There are also private offices.

Does anyone think that Miami in the '50s didn't have ten times the population of Farmington '08? They would be mistaken, but my how the building and staff have grown, if not improved.
0 Replies
 
ican711nm
 
  -1  
Reply Thu 26 Aug, 2010 03:06 pm
SHAME ON THEM! ehh ... who are them?

The Democrats are continuing to try to pass bills a majority of the voting public opposes. They have previously succeeded in getting the 60 votes they needed to block Republican filibusters, and pass rotten things like Obama Healthcare. But they cannot currently get those 60 votes.

The Republicans are opposed to the Democrat agenda and now so is a majority of the voting public.

So one more time: why should the Republicans return to RINO passivity and not use filibusters to try to stop Democrat equalization of wealth, and Democrat disassembly of our Constitutional, Capitalist, free market economy?
0 Replies
 
okie
 
  0  
Reply Thu 26 Aug, 2010 03:16 pm
It should be more than obvious from home sales that Obama's economic plan and stimulus plan are not working:
http://www.washingtonpost.com/wp-dyn/content/article/2010/08/25/AR2010082503232.html?hpid=topnews

"New-home sales hit a 40-year low
Sales of new homes dropped to their lowest level since the government started tracking the numbers more than four decades ago, offering an ominous sign for the direction of the already fragile housing market.
The Commerce Department's report, released Wednesday, was the second this week to underscore home buyers' crumbling confidence.

It said new homes sold in July at an annual rate of 276,000, off 12.4 percent from June's pace while plummeting 32.4 percent from a year earlier. That's the lowest level since 1963 and far worse than what analysts expected.

The report comes a day after the National Association of Realtors said sales of existing homes in July plunged to their lowest point in more than a decade. Sales were down 27.2 percent from June, the largest monthly drop since 1968. "


And maybe even worse news in the following. Get ready for another giant bailout, folks, at least in part due to mismanagement of Fannie and Freddie. Can you believe as many as one in five mortgages? I thought I heard today that one in ten were in serious trouble, which is bad enough.

http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/

"Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is about to order government-controlled lenders Fannie Mae and Freddie Mac to forgive a portion of the mortgage debt of millions of Americans who owe more than what their homes are worth. An estimated 15 million U.S. mortgages – one in five – are underwater with negative equity of some $800 billion."
cicerone imposter
 
  2  
Reply Thu 26 Aug, 2010 03:29 pm
@okie,
okie, You still don't get it! This Great Recession started during GW Bush's tenure. They don't call it the Great Recession for nothing. Most economists who voiced their opinion about when this Great Recession started, most say December of 2007. Guess who was president then?

Job losses began during Bush's term, and they continued their downward slide - all the while as the middle class and poor lost buying power, their jobs and homes, and most of their retirement savings. The government tried to reverse this trend with their stimulus plan, but many economists say they didn't spent enough money. It's been my position that they spent all that money in a sloppy manner, and again proved our government's incompetence.

Your inability to remember recent history is an abomination on these threads, because you end up posting ignorant b.s. and creative writing that has no foundation in reality.

Even I believe that GW Bush was smarter than you, and he was a "D" student.
He was able to lie to the masses who believed in him - such as yourself, but you only have ican and a few others on these boards.



talk72000
 
  1  
Reply Thu 26 Aug, 2010 03:31 pm
@cicerone imposter,
Maybe Okie didn't wear his helmet during his football days in Okie State.
0 Replies
 
ican711nm
 
  0  
Reply Thu 26 Aug, 2010 04:12 pm
@cicerone imposter,
Cicerone, you still don't get it! The Democrat Congress and subsequently President Obama continued and expanded the recession in 2008 to a depression in 2010. The Democrats owned a majority of Congress in 2007, 2008, 2009, and 2010. In 2008 Obama as a US Senator supported Bush's damn TARP, and subsequently, as President, Obama continued TARP in 2009 and 2010.
Quote:

ftp://ftp.bls.gov/pub/suppl/empsit.cpseea1.txt
Year……TOTAL US CIVIL EMPLOYMENT
1980……………..99 million [CARTER]
1988…………… 115 million [REAGAN]
1992…………….118 million [BUSH41]
2000……………137 million [CLINTON]
2007………..….146 million [BUSH43]
2008………….. 145 million [BUSH43] (recession began)
2009,……….....140 million [OBAMA]
2010.……………139 million [OBAMA] (depression began) (as of June 2010 and not final year of term)

Year.…….PERCENT OF CIVILIAN POPULATION EMPLOYED
1980…………………………………….59.2 [CARTER]
1988…………………………………….62.3 [REAGAN]
1992…………………………………….61.5 [BUSH41]
2000…………………………………….64.4 [CLINTON]
2007…………………………………….63.0 [BUSH43]
2008…………………………………….62.2 [BUSH43] (recession began)
2009…………………………………….59.3 [OBAMA]
2010…………………………………….58.5 [OBAMA] (depression began) (as of June 2010 and not final year of term)

0 Replies
 
 

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