Obamunism! Economy Slows Down

From the AP:

The economy worsened in much of the country earlier this summer, hampered by high unemployment, weak home sales and signs of a slowdown in manufacturing.

A survey by the Federal Reserve, released Wednesday, found that weak consumer spending, slow job growth and tight credit are restraining growth into the second half of the year.

Growth slowed in eight of the Fed’s 12 bank regions in June and early July, the report found, compared with the spring. That marked the worst showing this year…

Mish has some of the sad details of an economy wobbling towards recession.  The bottom line is that Obama’s program didn’t work.  All that spending, all that printed money – all it brought us was a few quarters of bogus “growth”.  It could be that another round of spending and printing would keep things going for a while – but the cost would be prohibitive.  It would almost guarantee a round of high inflation, while the additional debt could push us in to bankruptcy as early as late 2012.  There are no more things for Big Government to do – its all been done and it has all failed.

Whether or not we tumble in to official recession – as defined by government statistics – remains to be see.  At all events, we won’t get an official word of recession until some time next year, at the earliest (government will guess about what the unemployment rate is, but will not guess when a recession has started…they have to have rock solid facts, and that takes 6 to 9 months to show up).  But the people know full well what is going on – the economy is slumping, jobs are extraordinarily hard to find, prices are causing a pinch to stressed family budgets, and there is no sign of improvement on the horizon.  Unless there is a massive and totally unexpected turn around, Obama will carry this struggling economy in to 2012.




110 thoughts on “Obamunism! Economy Slows Down

  1. neocon1 July 28, 2011 / 9:12 am

    Black Student Sues Arkansas School: Claims Race Prevented Her From Being Valedictorian

    One Arkansas high school graduate is reportedly suing her high school, claiming racial discrimination prevented her from becoming her school’s sole valedictorian. 18-year old Kymberly Wimberly, a black student from the town of McGehee alleges she had the highest G.P.A. in her graduating class but was forced to share a “co-valedictorian” title with a white student she claims had a lower G.P.A.

    Wimberly also asserts that even while she was pregnant and gave birth to her own child junior year, she took advanced placement and honors courses, earning only one B mark during her entire 4-years of high school.

    mmmm mmmmmm mmmmmm
    welfare AND the lottery

    • thomasg0102 July 28, 2011 / 9:32 am

      so what’s your beef here racist? she had the highest GPA, what’s the reason she wasn’t valedictorian?

      homosexual slur deleted//Moderator

    • Sunny July 28, 2011 / 11:38 am

      What is your point? She made the grades and was deserving of the honor of being named Valedicotrian. Does that make you jealous that a black girl was this smart? Or do you resent that she had a child? I thought you were so anti-abortion. There is no pleasing people like you – especially if they are black. And you know she was welfare how????? Get a life fool.

  2. thomasg0102 July 28, 2011 / 9:34 am


    the economy will improve. you constantly post the worst part of the news and then claim it’s the whole news.

    unemployment claims were down this week to below 400k. I still contend that if the debt ceiling issue gets messy, and the market collapses due to a deadline being reached and or passed…the blame will go to the Republicans.

    Like Krauthammer and the editorial in the WSJ said the other day, the GOP will share the blame and this tea party debacle you have will ruin the GOP’s chances to win the white house and senate in 2012.

    • Green Mountain Boy July 28, 2011 / 9:41 am

      Like any conservative here thinks you are worried about the gop’s chances. Lolzer there I say. If you say that we are doing it wrong then something somewhere must be right. 🙂

      • thomasg0102 July 28, 2011 / 9:57 am

        trust me green, you are not doing anything right at ALL. on the contrary, the GOP is digging its own grave.

        keep thinking you’re doing something right with your 900 billion cut in the next DECADE! what a loser.

    • MontyBurns July 28, 2011 / 11:15 am

      “the economy will improve”

      Not until after 2012 if the GOP has any say in the matter.

      • Sunny July 28, 2011 / 11:41 am

        So true. The GOP is doing everything in its power to make sure the economy does not impove so they can blame Obama. They would rather see the country go into a depression than do the right thing for the American people. These are the same people who claim they are the Christians and patriots of this nation.

        I do believe that most Americans are smart enough to see through these antics. In the end we will see who is going to be blamed for the slow economy and lack of jobs.

    • tiredoflibbs July 28, 2011 / 8:01 pm

      tommy-boy continues with the talking points: “unemployment claims were down this week to below 400k.”

      In reality that is not saying much after 15 consecutive months above 400,000. 398,000 is barely below 400,000, but I guess you will desperately take anything you can spin to sound like a positive.

    • Mark Noonan July 28, 2011 / 10:47 pm


      You forgot that last week’s numbers were revised upwards…and so will this week’s. The economy is plain and simple lousy and it is clearly getting worse.

  3. Sunny July 28, 2011 / 10:04 am

    You can thank your idiotic Tea Party for the mess with the economy right now. Thanks to their “idealism” the stock market has fallen over 400 points in the last few days. Does that make you happy – all of you who call yourself Tea Partiers? If you have any kind of IRAs or 401K retirement plans you now have the third set back thanks to the GOP. Once again, those close to retirement can delay their plans for a couple more years. I hope that the freshman class of Tea Party congressmen are only allowed one term. Otherwise this country is doomed!

    • thomasg0102 July 28, 2011 / 10:12 am


      People like green stated the other day that he wants to ADD fuel to the fire and watch the house burn down. This way, according to his twisted logic, he can build it back up again according to HIS will.

      He is one hell of a guy I tell ya, even though he and his tea party buddies are in the MINORITY, they want things their way!

  4. Green Mountain Boy July 28, 2011 / 10:20 am

    And you do not want things your way? Stop it you are killing me !! Sound like a couple of crybabies. What you gonna do when the gravy train stops? Love to see either one of you live entirely without electricity for a week. Would be interesting and entertaining. :0

    • thomasg0102 July 28, 2011 / 10:29 am


      its called compromise. our system of governance wasn’t set up so that people can get their way all the time everytime. Its called COMPROMISE. have you ever heard of that word before?

      also, what the hell are you babbling about with the electricity? do you really think we are a third world nation where the power would go out just because there is a debate in Washington about our future?

      you’re completely unhinged. I’d get help if I were you.

      • Cluster July 28, 2011 / 10:31 am

        our system of governance wasn’t set up so that people can get their way all the time everytime. Its called COMPROMISE. have you ever heard of that word before?

        I don’t recall the word compromise being mentioned when the stimulus bill was rammed through, or when Obamacare was written and voted on. Thomas maybe you can help us out here.

      • thomasg0102 July 28, 2011 / 10:34 am

        that’s because the democrats had a super majority.

        when the GOP had a super majority, they did whatever they wanted as well. don’t bitch and moan little man, its gonna be ok.

        BUT, when there is a divided government, compromise is the only way to solve the problems we face.

      • Green Mountain Boy July 28, 2011 / 10:37 am

        If you want to see “unhinged” look in a mirror. You are redevoloping your case of GMBDS. It is getting worse.
        Like I have said many times before. I am done compromising. You looters/takers/progressives will take everything somebody else has in the name of fairness.
        Life has never been fair. Not in the past, not now, and not in the future.
        You Thomas will leave us with a system that will make the United States look much like North Korea. But only if we let you.

      • thomasg0102 July 28, 2011 / 11:06 am

        Green, this is the last time I am addressing your delusions.

        If you want to see “unhinged” look in a mirror. You are redevoloping your case of GMBDS.

        good comeback, this coming from a guy who thinks we will lose electric power because of debate in washington. And a guy who wishes the country to collapse.

        Like I have said many times before. I am done compromising. You looters/takers/progressives will take everything somebody else has in the name of fairness.

        talking points alert!!! watch out for the fear train! on the compromising note though. good. stay home this next election like you promised. That’s one more idiot out of the voting booth.

        You Thomas will leave us with a system that will make the United States look much like North Korea. But only if we let you.

        again, talking points alert!!!! comparing us to NK is like me comparing you to brad pitt. grossly incorrect and wishful thinking on your part. stick to your fear mongering among the tea party old timer, that crap won’t fly in the real world.

      • Retired Spook July 28, 2011 / 1:01 pm

        when the GOP had a super majority, they did whatever they wanted as well.

        When was that, Thomas? I don’t recall the GOP having a super majority in my lifetime.

    • Sunny July 28, 2011 / 11:05 am

      GMB, first why should we have to live without electricity for a week. And secondly, I did just that after an ice storm hit our city several years ago. In fact I went 11 days without electricity in the middle of winter. What gravy train are you referring to? I work five days a week, at least 40 hours a week and am responsible for all of my debts. I have also saved for retirment and would like to see my retirement grow instead of being ravaged every few years due to the GOP incompentency. So, if you could clarify your statement so I could understand what gravy train I am riding it would be appreciated. If you chose to live without electricity, running water, heat or air-conditioning, that is your choice. I chose not to live that way but certainly do not begrudge you your life style choices.

      • Cluster July 28, 2011 / 11:33 am

        I have also saved for retirement and would like to see my retirement grow instead of being ravaged every few years due to the GOP incompentency.

        Sunny, are you not paying attention? Your retirement account has grown due to the deft handling of the economy by Obama. Do you not listen to thomas? So no need to worry. Well except for the unsustainable debt, but that’s just numbers, right?

      • Sunny July 28, 2011 / 11:49 am

        cluster, it has grown considerably since Obama took office. And I want it to continue to grow – but what the Tea Party idiots are doing right now is causing the stock market to lose a lot. The reason I lost so much in the past was due to 9/11/01 with the attack on the US. I do not blame G. Bush but I do wish he had paid a little more attention to his briefing regarding the desired attack via airplanes on the US instead of another vacation of cutting shrubs on his “ranch”. The second time was in 2008 – not that long ago so maybe you remember when the GOP nearly took this country and a great deal of the rest of the world over the cliff with its foolish wars and de-regulation of banks and investment houses. Thank God the stock market has done so well under Obama’s leadership, but your Speaker cannot get these freshment Tea Partiers to understand how devistating their actions will be to the average American if they continue to behave in such a reckless manner. And apparently you support them.

      • Cluster July 28, 2011 / 11:54 am

        So trying to put the country on sound financial footing is dangerous? Is this the platform of the democrats? That ought to play well with the voters, but if you think it will work, go for it.

        And please do a little research on the GSE’s, and their over capitalization that Bush and McCain warned Congress about in 2005, but Maxine Waters and Barney Frank told us all that there was nothing to worry about. That might be a shocker to ya though.

        And knowing that Clinton was in charge for 8 years, and Bush was in charge for 8 months, prior to 9/11, it’s no surprise where you place the blame on that one. Weird, but no surprise. Especially considering that Obama still blames Bush.

      • tiredoflibbs July 28, 2011 / 12:04 pm

        ” it has grown considerably since Obama took office. And I want it to continue to grow”

        I thought the stock market was for the evil rich – at least that is what the dumbed down talking points say. ObAMATEUR helped the stock market? I thought the stock market was only in the GOP’s back pocket – at least that is what another liberal dumbed down talking point says.

        You must be among the evil greedy rich to have a retirement account grow due to the stock market.

        Sheesh, woman,get your talking points straight!!!

      • Sunny July 28, 2011 / 1:13 pm

        Tired, I do not do talking points. That is a GOP gimick. What ever on earth made you think that all working Americans with a 401K plan was for “the evil rich’? What a stupid thing to write. I have to wonder what world you live in. Your insinuation that those of us who not a part of the GOP are somehow not real Americans fail to understand that we live pretty much the same as you. (only we are nicer people) We work, go to college, get married, have children, grandchildren, belong to a church, belong to the PTA, coach little league baseball, volunteer for community activities, plan for the future of our children and our own retirement just like you regular folks do. Honestly, what is your problem that you would show your ignorance by writing your “talking points.” I take it you do not have a retirement plan so do not care what happens to the stock market. But there are millions of Americans who do and care very much about the economy of this country and are not willing to jepordize it just to make a point and be vengeful.

      • tiredoflibbs July 28, 2011 / 2:05 pm

        sunny: “Tired, I do not do talking points.”

        Well, what you think and what you do are two different things. You regurgitate the usual dumbed down talking points VERBATIM without variance.

        “What ever on earth made you think that all working Americans with a 401K plan was for “the evil rich’?”

        I didn’t, I just repeated the usual dumbed down talking points regurgitated by mindless liberal drones. of course, they have it wrong, Wall Street is not for the evil rich, but the class envy zealots of the Democratic party will say otherwise.

        The rest of your ASSumptions are truly hysterical and prove you to be the drone that I accurately say you are.

        I have 401ks and do the same that you ASSume I don’t. you are a drone and a hack and dutifully regurgitate the nonsense you keep spewwing. Nothing new and nothing original.


  5. Cluster July 28, 2011 / 10:29 am

    You can thank your idiotic Tea Party for the mess with the economy right now. – sunny

    Pure comedy. Did the tea party increase the debt by 30% the last two years? Did the tea party create the $1.5 trillion dollar deficits the last two years? Did the tea party pass the $800 billion failed stimulus bill? Did the tea party refuse to submit a budget for the last two and half years? Did the tea party force through the trillion dollar Obamacare bill?

    Sunny and thomas display a dangerous level of ignorance seldom seen.

    • thomasg0102 July 28, 2011 / 10:36 am


      thanks for the talking points. the tea party didn’t do any of those things….but the market didn’t drop 200 points this wednesday because the dems did those things, it dropped becaues the tea party is a bunch of white trash idiots from the south.

      tell us cluster, what was the market at on Jan 20, 2009…and what is it at right now? I’d say if you have a 401k or IRA, you should be thanking Obama everyday. say a little prayer for him. ha.

      • Cluster July 28, 2011 / 10:42 am

        but the market didn’t drop 200 points this wednesday because the dems did those things, it dropped becaues the tea party is a bunch of white trash idiots from the south.

        So the markets are racist?

        thomas, it’s impossible to penetrate that fragile little mind of yours with common sense, or at the very least some facts, so any debate based on reality with you would be a complete waste of time.

        Have a nice day

      • thomasg0102 July 28, 2011 / 10:44 am

        yep, run and hide little man. when you can’t even admit the market has gone UP a huge amount since this President took office, then we know you’re a racist just like the tea party is.

        Have a great day racist.

      • Green Mountain Boy July 28, 2011 / 11:23 am

        Isn’t it amazing how many racists are here? How many old men? This coming from somebody that practices “tolerance and understanding” Sometimes ya just have to laugh.

        “so any debate based on reality with you would be a complete waste of time.” Not much else to here is there? 🙂

      • Cluster July 28, 2011 / 11:25 am

        You seem a little defensive this morning sport. Anything wrong? It seems odd to me that markets would react to the color of someones skin, but if you say it does, then maybe it does.

        I do remember when democrats lectured us that the stock market was only for the rich, so it seems a bit ironic that you would be holding up the stock market as an indicator of Obama’s success, while unemployment amongst minorities has increased. Care to explain?

      • Amazona July 28, 2011 / 11:25 am

        cluster, thomas does love to repeatedly make my point about the RRL trolls here being motivated by hatred and bigotry.

        Let’s see—in a thread about the economy, which is really a pretty objective an unemotional subject for most, thomas has engaged in quite a wide range of bigotry. Racial (white trash) regional (from the South) and size (little man) although he has not had time to work in ageism, sexism and bigotry about occupation.

        But the day is young.

        On top of this, there is the RRL default position of trying to apply a vulgar sexual act description to a politically motivated movement (very classy!) and the usual spittle-flying rage.

        Sunny is just the cheerleader.

        Yet note the total lack of a single idea. Why do they hate the TEA Party? From their incoherent babble, it is impossible to know. They do not offer one single principle of the TEA Party with which they disagree. I doubt that they even KNOW one single principle of the TEA Party, having chosen to chug the hate-laced RRL KoolAid and just hurl insults at the movement while remaining ignorant of its goals and ideas.

        This is what we get from thomas and his cheerleader—mindless insults, rabid bigotry, and hate-based spewings devoid of actual political content.

        Yes, neo’s post is out of line. But surely there is a way to point that out or comment on it without wallowing in rage, hostility, vulgarity, and bigotry.

        At least if you are not thomas.

      • Cluster July 28, 2011 / 11:37 am


        I watched Lawrence O’Donnell and Grover Norquist on MSNBC this morning and it reminded me a lot of this very conversation with thomas. Lawrence was all emotional, and calling Grover a whacko, and unreasonable without one shred of factual information to back up his claim. All the while, Grover remained quite calm and simply laid out the facts, ie: percentages of cuts, growing the tax base, etc, etc. and challenged O’Donnell to refute his numbers, of which of course, O’Donnell could not.

        And this is how liberals plan to “win the future”? LOL

      • Green Mountain Boy July 28, 2011 / 11:51 am

        Taxed Enough Already is a very difficult idea for the progressives to understand. WE will never be taxed enough to suit them. Maybe it is time to apply the Pournelle Rule to voting. If your net tax burden is 0 dollars after all deductions you do not get to vote.

      • tiredoflibbs July 28, 2011 / 12:10 pm

        tommy-boy (lebowitz): “thanks for the talking points”

        Really? Ok, refute any one of them with sources.

        This is the typical argument from drones when they are hit with facts they don’t like.

        The libs bitched about the deficit: when Bush his >$500 billion. (now they are silent at >$1 trillion).

        The libs bitched about unemployment and how bad the economy was when Bush had 5% unemployment (now they are praising the economy with higher unemployment and less growth as a miracle from their saviour in the white house).

        the hypocrisy goes on and on, but these drones like tommy-boy, sunny and monty continue with their regurgitation of their nonsense and lies. they are nothing but liberal hacks.

  6. tiredoflibbs July 28, 2011 / 12:14 pm

    amazona: ” They do not offer one single principle of the TEA Party with which they disagree.”

    Of course not, they are told the TEA party is racist, use dictator tactics (code for “a bunch of Nazis”), want to “throw grandma from a cliff” and the latest from the “wise leader” (who hardly leads but passes the buck at every opportunity): “the GOP is spoiling Christmas”!!!

    These hacks will dutifully regurgitate until told to do otherwise. Expecting them to advance a self-thoughout argument is asking too much from these mindless drones.

    • thomasg0102 July 28, 2011 / 12:17 pm


      the tea party is a fake organization. Taxes have not gone up under this president. State, property, and sales taxes are all local issues and the tea party needs to take those up with local governments.

      Furthermore, where was the tea party under Clinton? or Bush? I wonder why they just were created by Glenn Beck et al. just in the past 2 years…..hmmm….wonder why?

      • tiredoflibbs July 28, 2011 / 2:09 pm

        “Taxes have not gone up under this president.”

        Still repeating that lie, eh? Even though you have been proven wrong and a liar time and again. You conveniently ignore such proof only to regurgitate it again and again.


        Sunny, no one has brought any such signs that are TRUE members of the TEA party. Andrew Breightbart has offered a challenge to provide proof of racist activities at these rallies and offered a cash reward. No once has been able to claim that money. maybe you can claim the reward or are you predictably regurgitating dumbed down talking points you revceived from Debbie Wasserman Shultz?

        Definitely the latter is the case. Try again drone.

    • Sunny July 28, 2011 / 1:17 pm

      tried, maybe the Tea Party members brought this image of being racist upon themselves by showing up at your rallys with racist signs and making racist statements. If you do not want to be percieved as racists quit acting as such. Pretty simple.

      • tiredoflibbs July 28, 2011 / 6:06 pm

        Nice try, vandregg. But talking points will get you nowhere.

        Again, Andrew Breitbart has a cash reward for anyone with vidoe, audio and pictorial evidence of racism, racial epithets or any of the like at TEA party rallies.

        He is still waiting to pay someone, ANYONE with said evidence. This proves that it is all lies what the Democrats and you drones regurgitate – mindless dumbed down talking points.

        Try again dreggs.

        PS – Why the name change?

  7. thomasg0102 July 28, 2011 / 12:15 pm


    Can you give us a copy of that “lecture” the democrats gave on the evils of the stockmarket?

    and since when is Grover’s position tenable? why should your GOP reps sign an oath to his organization? isn’t that kind of the antithesis of your reps representing YOU instead of Grover’s organization? But you don’t care, you just don’t want the tax boogyman you dream of to come take your “wealth”.

    Green, tell me, what taxes have gone up under Obama since he took office? Please tell us why the Tea Party didn’t exist under Bush or Clinton when he raised taxes and it only was created under Obama?

    Also, i like your blatant discrimination when it comes to voting rights for all. What’s next, if you have an abortion you can’t vote? you’re seriously a lunatic. A snapshot of the 1700’s.

    • Green Mountain Boy July 28, 2011 / 12:29 pm

      I would like to explain this in words you can understand Thomas. Lets make it very plain and very simple. I, that meaning me and myself also, do not care what you think of me or my politics. Is that understood.? I have already given you a list of the taxes that have went up under bams and it went completly over you.
      Please go bother chuckles or skinner. They need you.

      • Sunny July 28, 2011 / 1:21 pm

        GMB, since you never provided me with such a list, humor me and tell me what taxes you pay have been increased thanks to the Obama administration. Unless you smoke or spend time at the tanning booths I doubt that you have any federal taxes that have been increased. You may have state or city taxes where you live that have increased, but I just don’t believe you have had an increase in any federal taxes.

      • Cluster July 28, 2011 / 1:54 pm

        Unless you smoke or spend time at the tanning booths

        Are these unacceptable by liberal standards?

      • Sunny July 28, 2011 / 2:22 pm

        No cluster, I never said they were unacceptable. I merely stated that those are the only federal taxes that have been instated or go up under Obama that I could think of that might impact you. I smoke – so I am now paying more for cigarettes. It is my choice to either pay or quit. If you smoke, then you are paying more in federal taxes. If not, what is your gripe. Are you saying that your fedreral income taxes have gone up since Obama became president?

  8. Cluster July 28, 2011 / 12:40 pm

    Can you give us a copy of that “lecture” the democrats gave on the evils of the stockmarket?

    Really? It went something like this:

    If you are well-educated and relatively well-to-do, and you have a sizable portfolio of financial assets, chances are you’re feeling pretty good right now. You’re probably working. You’ve enjoyed the stock market’s doubling from its bear-market low. And you’ve probably even managed to convince your boss to give you a raise. If you are less fortunate, with fewer assets and no college degree, and you are more reliant on that day-to-day paycheck, things have hardly improved at all. And now, with the costs of fuel and food on the rise, things have taken a turn for the worse. – MSN Money 2008

    And Grover’s plan does allow for many corporate loop holes to be closed, provided we reform the tax code. His plan is to expand the tax paying base, which will result in more revenue. Not that you could think that one through

    • Sunny July 28, 2011 / 1:25 pm

      So Cluster, MSA Money is a Democrat? Interesting. And that is a lecture? Obviously you have never attended a lecture. Looks like an item regarding investments by an investment group writing about what was happening in 2008. Was Obama even president at that time?

    • thomasg0102 July 28, 2011 / 1:38 pm


      i didn’t know MSN money was a democratic party member in the Senate or House.


      You’re a funny cat.

      • Cluster July 28, 2011 / 1:52 pm

        Oct. 2006 – Nancy Pelosi condemned the new record highs of the stock market as “just another example of Bush policies helping the rich get richer. First Bush cut taxes for the rich and the economy has rebounded with new record low unemployment rates, which only means wealthy employers are getting even wealthier at the expense of the underpaid working class.”

        Would you like me to go on?

      • Sunny July 28, 2011 / 2:29 pm

        Is this an actual quote from Nancy Pelosi? Or did you just make this up to try and make your point? Just because you say Nancy Pelosi said this does not make it true. We all know how much you love Mrs. Pelosi – you would lie about this, would you?

      • Sunny July 28, 2011 / 2:33 pm

        Cluster, Was Obama President in 2006?

    • Sunny July 28, 2011 / 2:38 pm

      Cluster, one more question. Why should any member of congress sign a pledge to Grover Norquist or anyother person or group? Isn’t their pledge they take when being sworn in be sufficient to uphold their duties to the Constitution and their constituents?

  9. dbschmidt July 28, 2011 / 12:40 pm

    “…I don’t know what it is that’s happening to the world.” He shrugged. “Oh, well, who is John Galt?”

    • Sunny July 28, 2011 / 1:26 pm

      Another Ayn Rand fool.

      • neocon1 July 28, 2011 / 2:08 pm


        man did the flying monkeys flap in with the raaaacist BS flying all over the place….LOL

        je$$e jr is dat you??
        lets see
        state rights = racist
        TEA party = racist
        GOP = racist
        conservative = racist
        Michelle Bachmann = racist

        Got it, the new donk party the father of the KKK, new black panthers, SDS, nation of islam, code pink,, calling the “enemy” racist

      • neocon1 July 28, 2011 / 2:10 pm


        another lefty loon fool

      • neocon1 July 28, 2011 / 2:16 pm

        to the lefty Morons scummy and tommiegasbag who do not under stand balancing a checkbook with $1.00 balance………

        — “Deficit” vs. “Debt”—

        Suppose you spend more money this month than your income. This situation is called a “budget deficit”. So you borrow (ie; use your credit card). The amount you borrowed (and now owe) is called your debt. You have to pay interest on your debt. If next month you spend more than your income, another deficit, you must borrow some more, and you’ll still have to pay the interest on your debt (now larger). If you have a deficit every month, you keep borrowing and your debt grows. Soon the interest payment on your loan is bigger than any other item in your budget. Eventually, all you can do is pay the interest payment, and you don’t have any money left over for anything else. This situation is known as bankruptcy.


      • Green Mountain Boy July 28, 2011 / 2:19 pm

        I have said it, other people have said it and it will be said again. Racist, bigot, homophobe. islamophope. That is all the have left. Names and labels. Coming from the no labels crowd even, must make you laugh.

      • neocon1 July 28, 2011 / 2:19 pm


        Income Redistribution: Government takes money that you earned from you, and gives it to someone else. This happens when the tax money you are forced to give to the government is given to others for their use. Examples: Bailouts, and Earned Income Credit, cash for clunkers. Then, how do you give a tax break to lower scale wage earners that don’t pay much income tax? You have to take it from the higher scale wage earners and give it to the lower scale wage earners.

      • neocon1 July 28, 2011 / 2:31 pm


        Do I detect a media matters DNC trend here?
        watch you the hysterics and screeching to be turned up 100 fold as the election draws nearer.

        @ je$$e jr

        All States Rights Are Slavery: ‘Tell The Tea Party’…‘Allow The Negro to Fight’ – Jessie Jackson Jr. Lays Out Left’s Twisted Arguments for Big Spending, Big Gov & D.C. Representation in Congress

        Liberal Theologian Blames Christianity and Conservatism For Oslo Violence

        Beck’s Michael Moore Joke Caused Terror? Liberal Talker’s

        Unhinged, Hypocritical Rant Blames Norwegian Terrorist Attack on Right-Wing, Anti-Obama Rhetoric…While Calling Bush a Sociopath & GOP Murderers

        Anti-Tea Party Protester’s Wild Rant: Chides ‘Sell-Out’
        Blacks & Says Only Whites Can Be Racists

        Rep. Jackson Lee Calls for Terror Hearing on Rupert Murdoch & ‘Right Wing Extremists’

      • neocon1 July 28, 2011 / 2:33 pm


        and it will be said again. Racist, bigot, homophobe. islamophope. That is all the have left.

        the funniest part is when the lefturds want to insult you they call you gay????
        WTF ??? X10,000

        liberalism IS a mental disorder.

      • Sunny July 28, 2011 / 2:42 pm

        neo, I guess that President Reagan didn’t understand how to balance the check book with $1.00 eighteen (18) times during his presidency??? And Bush II didn’t understand it seven (7) times during his presidency???? Obama seems to be way ahead of them at this time. Or does this issue only matter under a Democratic president? And you have to nerve to call others “racist”.

      • neocon1 July 28, 2011 / 2:50 pm


        I merely point out the lefts RACISM,
        I have seen it all my life,
        now you commies have perfected it to a fine art, and personally I am sick of it,
        I am sick of hearing it, I am sick of the poor me victim mentality. while a couple of demographics riot, loot, murder, cause mayhem, pay no taxes yet demand MY and MY families to pay for them……..
        SUE taxpayers for a payday because they SHARED the valedictorian with another……WAH WAH WAH

        so put it where the sun dont shine scummy Im not buying the marxist BS

      • neocon1 July 28, 2011 / 2:52 pm


        do some research, if you are capable then come back and tell us the tax rates during RR, the unemployment, and the deficit against GNP.

        then show us O-chimpys “record”

      • neocon1 July 28, 2011 / 3:05 pm

        mmm mmm mmmm

        Obama Added More to National Debt in First 19 Months Than All Presidents from Washington Through Reagan Combined, Says Gov’t Data
        In the first 19 months of the Obama administration, the federal debt held by the public increased by $2.5260 trillion, which is more than the cumulative total of the national debt held by the public that was amassed by all U.S. presidents from George Washington through Ronald Reagan.

        Obama’s National Debt Impact

        Upon Inauguration: $10,626,877,048,913
        As of Jul 26, 2011: $14,342,830,116,551
        In 2.5 yrs Increased: $3,715,953,067,638
        George Bush (8yrs): $4,899,100,310,609

      • neocon1 July 28, 2011 / 3:10 pm


        john Fn stewatard REALLY??

        sounds like one deranged kook to me

        Ft Hood?
        John Muhammad and John Malvo

        I could go for days………….

      • neocon1 July 28, 2011 / 3:14 pm

        set asides
        and about 300 organizations for negros and blacks only.

      • thomasg0102 July 28, 2011 / 3:19 pm


        so you can post crap from americanthinker and foxnews and pajamasmedia all the time, but Stewart is off limits? project much?

        the TRUTH is, you stated that you HATE the fact we are a melting pot. you’re the DEFINITION of someone who is a racist. not only do you call the president a monkey routinely, but you use acronyms which show your hatred and racism clearly.

        At least, be a man, and own up to it fake marine. you don’t like minorities and especially african americans and middle easterners.

        on a side note, I love how the GOP is going to be blamed for this debt ceiling crap, the sooner we get the teabaggers back to their churches and farms, the better. keep the peons where they belong…in the country, on the farm.

      • neocon1 July 28, 2011 / 3:19 pm

        Laffer curve
        From Wikipedia, the free encyclopedia
        Laffer curve: t* represents the rate of taxation at which maximal revenue is generated. This is the curve as used by Laffer,[1] but in reality the curve need not be symmetrical nor singled peaked at 50%.

        In economics, the Laffer curve is a theoretical representation of the relationship between government revenue raised by taxation and all possible rates of taxation. It is used to illustrate the concept of taxable income elasticity (that taxable income will change in response to changes in the rate of taxation). The curve is constructed by thought experiment. First, the amount of tax revenue raised at the extreme tax rates of 0% and 100% is considered. It is clear that a 0% tax rate raises no revenue, but the Laffer curve hypothesis is that a 100% tax rate will also generate no revenue because at such a rate there is no longer any incentive for a rational taxpayer to earn any income, thus the revenue raised will be 100% of nothing. If both a 0% rate and 100% rate of taxation generate no revenue, it follows that there must exist at least one rate in between where tax revenue would be a maximum. The Laffer curve is typically represented as a stylized graph which starts at 0% tax, zero revenue, rises to a maximum rate of revenue raised at an intermediate rate of taxation and then falls again to zero revenue at a 100% tax rate. However, there are infinitely many curves satisfying these boundary conditions. Little can be said without further assumptions or empirical data.

        One potential result of the Laffer curve is that increasing tax rates beyond a certain point will become counterproductive for raising further tax revenue. A hypothetical Laffer curve for any given economy can only be estimated and such estimates are sometimes controversial. The New Palgrave Dictionary of Economics reports that estimates of revenue-maximizing tax rates have varied widely, with a mid-range of around 70%.[2]

      • neocon1 July 28, 2011 / 3:28 pm

        tommiethe LIAR

        HATE the fact we are a melting pot.
        Lie number ONE I never said that nor do I believe that.

        you’re the DEFINITION of someone who is a racist.
        Lie number two, by your lying standards? PATHETIC

        not only do you call the president a monkey routinely
        LIE number three, I have NEVER called the POtuS a “monkey” I use the twist you turds used for W for eight years by simply adding an O tothe name “Chimpy”

        , but you use acronyms which show your hatred and racism clearly.
        LIE number four, YOUR *INTERPRETATIONS* of acronyms are different than mine, that makes YOU the racist by your own sick and twisted thinking.
        FUBO is a web sight that sells products.

        see little man all that projection is on you.

      • neocon1 July 28, 2011 / 3:31 pm

        WOW tommyturdo

        the sooner we get the teabaggers back to their churches and farms, the better. keep the peons where they belong…in the country, on the farm.

        No hate there eh?
        cant you feel tommyturdo’s looooove

      • neocon1 July 28, 2011 / 3:38 pm


        At least, be a man, and own up to it fake Marine. you don’t like minorities COMMIES and especially, AMERICAN MARXISTS white, african americans, and middle easterners who want to murder us in the name of islam.


      • thomasg0102 July 28, 2011 / 3:38 pm


        liar huh? ok, the proof is in the pudding oldtimer.

        “Lie number ONE I never said that nor do I believe that.”

        really? on another thread. I posted a comment to the effect that we are a melting pot, and that’s how our country was founded. YOU responded by saying….and I quote. “we are, and I DONT LIKE IT”. you want me to dig up your posts to? liar.

        Lie number two, by your lying standards? PATHETIC

        neo, let’s be honest. EVERYONE here knows you are a racist. If you took a poll of all people here, anonymously, EVERYONE would agree you’re a racist. you’re a racist old man, its ok. you’ll only go to hell for it.

        not only do you call the president a monkey routinely
        LIE number three, I have NEVER called the POtuS a “monkey” I use the twist you turds used for W for eight years by simply adding an O tothe name “Chimpy”

        oooh, so I wonder what it means when you call an african american male, who happens to be our president…”chimpy”…hmmm…?? does that mean you respect him? or does it most likely mean you think of him as a monkey because the color of his skin is darker than your pale ass? idk, you may be dumber than I thought.

        LIE number four, YOUR *INTERPRETATIONS* of acronyms are different than mine, that makes YOU the racist by your own sick and twisted thinking.
        FUBO is a web sight that sells products.

        again, turd, ANYONE knows what FUBO means, they are just to chicken to admit it and be known as a racist or a bigot. We all know you are a bigot and racist, that’s a FACT. you just deny it and dance around the issue because you don’t want to get banned. Ironic, you were banned previously from what I read, but you popped back under a different name, same hatred.

        like I said, at least man up and admit that you are a racist bigot and that you partially hate the President because he and his family are african american. If you do that, at least everyone would be able to debate you knowing those facts about you. But since you don’t, you’re just like the rest of the tea partiers who are closet racists, but to afraid to admit it.

        Good day old timer fake marine. don’t sprain your ankle going down the stairs!

  10. Sunny July 28, 2011 / 3:38 pm

    Neo, you seem to be obsessed with the black race. Why?

    • neocon1 July 28, 2011 / 3:45 pm


      seems the race baiters are out in a full court press, I am merely pointing out your and their leftist hiprocracy.
      Reporting the bilge that your side is spewing is not “obsession” it is bringing light to the dangerous and inflammatory rhetoric that is being hurled against the TEA party and white
      conservatives in general.
      alinsky 101
      Im having none of it.
      you dont like it???
      tell fartacan, je$$e, al, O, maxine, and all the other racist LOONS to STFU.

      • Sunny July 28, 2011 / 5:13 pm

        You just proved my point. Your obsession is repulsive and disgusting. But no one here expects anything less from you.
        Exactly what “dangerous and inflammatory rhetoric that is being hurled against the TEA party and white
        conservatives in general” are you referring to? I have not seen that in any of the posts. Dangerous? In what way? They have been described as mostly from Southern states and I would have to say most members of the Tea Party are white. Many in the group are racist – very evident from the signs many were carrying during the Tea Party events. But I do not belive that anyone here said anything that was dangerous and inflammatory to Tea Party members or the white conservative. You are just a tad sensitive when anyone says anything negative about Tea Party members and white conservaties but have no reservations about totally trashing a black person – especially the President. Think about that.

      • neocon1 July 28, 2011 / 6:42 pm


        do your homework, I gave you five quotes in less than 2 minutes from racist blacks spewing lies about racism and the TEA party.
        The only people carrying any signs were SIEU thug imposters.

  11. Green Mountain Boy July 28, 2011 / 4:07 pm

    Forget it Neo da man be playing witha stacked deck. He has five of a kind and all about race.

    He’s holdin five aces o’races. Never beat that hand 🙂

    • neocon1 July 28, 2011 / 5:06 pm


      lil tommieturdo windmilling and spitting in the wind.
      funny stuff.

  12. dbschmidt July 28, 2011 / 4:34 pm

    Between 1965 & 2008 the United States spent $15.9 Trillion in its War on Poverty (vs $6.4 on all real wars) yet 10% of the population is considered to be living in poverty today.

    Congressional members net worth up 3,669% percent. 39 Republicans saw an 168% increase in net worth. 41 Democrats (including our current President) saw a 756% increase in net worth. Some greater with one showing an increase of 13,000%

    Speaker of the House John Boehner, to the President, when Boehner had decided to work with Congressional leaders: “As I read the Constitution, the Congress writes the laws and you get to decide what you want to sign.”

    Senator Obama in 2006 about raising the debt ceiling: “The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. . Increasing America’s debt weakens us domestically and internationally. Leadership means that `the buck stops here. Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better.”

    Harry Reid, in 2006, opposing the raising of the debt ceiling: “How can the Republican majority in this Congress explain to their constituents that trillions of dollars in new debt is good for our economy? How can they explain that they think it’s fair to force our children, our grandchildren, our great grandchildren to finance this debt through higher taxes? That’s what it will have to be. Why is it right to increase our nation’s dependence on foreign creditors? They should explain this. Maybe they can convince the public they’re right. I doubt it. Because most Americans know that increasing debt is the last thing we should be doing. After all, I repeat, the Baby Boomers are about to retire. Under the circumstances, any credible economist would tell you we should be reducing debt, not increasing it. Democrats won’t be making argument to supper this legalization, which will weaken our country.”

    Reid & Obama were concerned here about a $248 billion deficit.

    Harold Ickes, FDR’s interior secretary and one of the most important architects of the New Deal: “[Roosevelt himself privately acknowledged that] what we were doing in this country were some of the things that were being done in Russia and even some of the things that were being done under Hitler in Germany. But we were doing them in an orderly way.”

    BTW, tax rates cuts can not increase the deficit as it is not the government’s money to begin with–it is the taxpayers money that government takes without regard.

    • Cluster July 28, 2011 / 4:39 pm


      That’s a great quote from Harry Reid, and if I were a member of the senate, I would play that everyday on the senate floor.

      Here’s another gem from Pelosi, from today:

      Nancy Pelosi on today’s vote: “What we’re trying to do is save the world from the Republican budget. We’re trying to save life on this planet as we know it today.”

    • Sunny July 28, 2011 / 5:17 pm

      You know, I can find a lot of quotes from Ronald Reagan if you would like regarding the debt limit. Right now we need action and then we can accuse each other of being the cause of all of our economic problems later.

      • neocon1 July 28, 2011 / 5:19 pm

        simple like you.
        CUT SPENDING, close the IRS fair tax, EVERYONE PAYS.

      • tiredoflibbs July 28, 2011 / 8:04 pm

        Really? dreggs?

        I can show you just as many quotes against raising the debt limit and irresponsible deficits by a “young” Senator from Illinois.

  13. Green Mountain Boy July 28, 2011 / 5:06 pm

    Well, you see here, all that money was to fight wars. That does not count. bams wants to enrich his buddies and maybe trown a bone or two to his base, all under the guise of “fairness”. Thats what counts.
    Wonder when the obamavilles will start popping up? Or have they already?

    • neocon1 July 28, 2011 / 5:11 pm


      they are in every major city.

      • Green Mountain Boy July 28, 2011 / 5:13 pm

        I guess i need to get of the farm more now. You miss so much.

    • Sunny July 28, 2011 / 5:18 pm

      GMB, would you like to discuss VP Dick Cheney and enriching buddies? Really?

      • neocon1 July 28, 2011 / 5:21 pm


        like the POS al-hussein who had to get “student” loans?
        who is now a multi millionaire?
        from his terrorist, thug, criminal buddys?
        you really want to go there scummy?

      • Sunny July 28, 2011 / 5:29 pm

        You have problems with student loans Neo. Why? That is how the majority of students go to college. Your resentfulness is breathtaking. Does that mean if you go to college on student loans (and pay them back after you are out) and become a millionaire that . . . what??? What the hell does that mean? Good grief, if it weren’t for student loans our colleges and universities would be empty. Why are you so filled with hatred for students that take out student loans to complete their education and better themselves? How many doctors do you think would be in our hospitals and emergency room were it not for student loans?

      • neocon1 July 28, 2011 / 5:45 pm


        I said nothing against student loans, you made an ASSumption ran with it and made a fool of your self again.
        The reply was about your accusation of Cheney enriching his buddies, while the doper drop out barry soetoro got greatly enriched by his Chicago thug, criminal buds.
        Take the LOG out of your eye before yapping about the speck in ours.

  14. Green Mountain Boy July 28, 2011 / 5:41 pm

    I would rather talk about goldman sachs, jp morgan, citi group, lehman brothers, national amusements, ubs ag, just to name a few. All big companies and all big supportes of guess who?
    bams said he was going to different.
    Yeah he was different. You drones got sucked in and now are twisting youselves into pretzel trying to defend him.
    Whatever. 🙂

    • neocon1 July 28, 2011 / 5:51 pm


      yeah from a poor bastard, half kenyon kid with a “typical white grandmother, racist from genetics.,
      a doper, drug dealer, community agitator never employed to a multi millionaire.
      mmmmm mmmmm mmmmmm

      ps scummy it wasnt from his “student” loans , job or business he ran or owned. he had none.

      • Green Mountain Boy July 28, 2011 / 5:54 pm

        I wonder when he legally changed his name back from barry sotero to bams O’bams. Those things are a matter of public record. Wonder why there is none. Niether in Illinois or Hawaii….hmmmm…

      • neocon1 July 28, 2011 / 5:57 pm


        like his BC, school records, etc. all hidden from view by an executive order immediately signed after being sworn in.
        this marxist muslem is a fraud through and through.

        OH wait he is a donk…splains a lot lucy!

      • neocon1 July 28, 2011 / 6:05 pm

        how funny is this…….?

        The Myth of White Privilege

        Something must be wrong. My finances are in shambles; mainstream newspapers won’t publish my pieces; and, no matter how much I try to convince Fox News that they need male eye candy as well, they just won’t give me a show. Then I gaze into the mirror at my alabaster complexion and say, “What’s wrong with this picture? I’ll have to address this at the next White People’s Meeting.”

        Of course, it isn’t really true that all we Caucasians get together in a big conference hall somewhere and, rubbing our hands together with devilish glee, conspire as to how we’re gonna get ourselves some’a that there white privilege. Yet you wouldn’t know it listening to egghead academics, media mouths, and uncivil rights agitators.

        Put “white privilege” into a search engine and no small number of results will be for “.edu” URLs, which means that our mental institutions of higher learning are busy teaching “critical race theory” and ideas such as “Whites are taught not to recognize white privilege” and that, as this University of Dayton site informs, white persons have a “special freedom or immunity from some [liabilities or burdens] to which non-white persons are subject[.]” There is also something called “The White Privilege Conference” and a website devoted to it (I actually had to log on to make sure it wasn’t a spoof site, but truth is stranger — and stupider — than fiction). And American Thinker recently wrote about an event called “Erasing White Privilege,” during which whites sat around in a room confessing their collective oppressor sins while “people of color” discharged rage, “yelling at them” and “preaching.” Ain’t Obama’s post-racial America grand?

        Of course, I don’t imagine there are many plumbers, supermarket workers, or forklift operators at such meetings — and not just because they actually have to work. It’s also because they know something:

        White privilege is a myth.

    • neocon1 July 28, 2011 / 6:25 pm

      seems the TROLLS have punched out of work at the fork and media matters for the evening.

      see ya at 8 am sharp tomorrow…..

      • neocon1 July 28, 2011 / 6:48 pm

        Oi Vey

  15. Green Mountain Boy July 28, 2011 / 7:07 pm

    3:48….thats all I could take of that drivel. The race baiters have done thier job well.

    • MontyBurns July 29, 2011 / 12:54 pm

      You better stop confusing them with facts, dennis. They don’t take kindly to that.

      • neocon1 July 29, 2011 / 3:57 pm


        “facts” to you commies is always a lie.
        mao’s lil red book
        alinsky – marx 101

      • MontyBurns July 30, 2011 / 1:20 pm

        What in that graph is a lie, neocon? Come on now, don’t be shy. Point out the factual errors.

        Or take the tiredoflibbs route and scream irrelevant talking points. Which is what I guarantee you’ll do.

      • tiredoflibbs July 30, 2011 / 4:12 pm

        What in the graph is a lie????

        Hmmm, that is easy. For starters, the graph “omitted” the projected costs of obamacare of $2 trillion, but I am sure it is just an oversight.

  16. neocon1 July 29, 2011 / 7:50 am

    typical donk

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