Dependency Nation
Dependency Nation
Posted by: Jim W
on Jan 27, 2012 
Pretty much speaks for itself.
Set as favorite
Bookmark
Email this
Trackback(0)
TrackBack URI for this entryComments (10)
Subscribe to this comment's feed
written by Barthélemy Barbancourt , January 27, 2012
In one of his massive stimulus bills he changed the law to make more people eligible for food stamps.
The left depends on the dependent for votes, the more people they can hook on Govt. crack, the more votes they can get.
Of course, when they run out of other people's money, the Govt. Crack addicts tend to get testy. Watch what happens when the next Republican President tries to balance the budget.
written by jokin , January 27, 2012
"next Republican president....
written by Woody , January 27, 2012
in 2017....."
More Woodrow Deep Thoughts that give the topic such depth and texture...what do we discern?:
Woody obviously Really Likes the hyper-redistributionist Status Qu0-bama-nomics, and apparently he has Mad-Ouija-Board-Wishcasting Skilz, he finds the Occupiers "fun" at wanting to steal ever more from the public trough while they "bring it all down", and he's Really, Really Euro-good at economics, charts & graphs & math and stuff, too.
written by TomC , January 28, 2012
Jokin', I am afraid he's correct. Even this very anemic recovery, will be sufficient to reelect "the One." It doesn't matter who the Republican nominee is, it's the economy that will determine the outcome.
As to the dependency culture, I am again disappointed in the Bush administration, during which time I would have anticipated the increase from '01-'04, but should have seen a reflective downturn from '04-07.
More proof that unless you starve the beast, it will not shrink; only grow.
written by Woody , January 28, 2012
It's really sad how conservatives are downplaying and contradicting the extent of the recovery. Cheerleading for failure of such a great nation for the sake of political gain is a very sad state of affairs. I don't know how you do it.
written by jokin , January 28, 2012
written by TomC , January 28, 2012
"Jokin', I am afraid he's correct. Even this very anemic recovery, will be sufficient to reelect "the One." It doesn't matter who the Republican nominee is, it's the economy that will determine the outcome."
But the reality of the situation is, even if Soetor0 were to win ( I don't think he will), we still will all lose. The direction that the the Big Zer0 has taken the country, ie, morphing Bushonomics into Status Qu0-bama-nomics 0verdrive will lead to early currency collapse and ultimate fiscal insolvency.
written by jokin , January 28, 2012
written by Woody , January 28, 2012
"It's really sad how conservatives are downplaying and contradicting the extent of the recovery. Cheerleading for failure of such a great nation for the sake of political gain is a very sad state of affairs. I don't know how you do it."
Wait! What??? "The extent of the recovery"??? There is no recovery, the economy is decelerating. Mr "Well-Informed" Woodhead might want to disregard Zsa Zsa Huffpo-Talking-Points and actually take a glance at the just-released Dept. of Commerce's Bureau of Economic Analysis Report on the economy for 2011 (http://www.bea.gov/newsrelease...elease.htm):
" During 2011 (that is, measured from the fourth quarter of 2010 to the fourth quarter of 2011),
real GDP increased 1.6 percent. Real GDP increased 3.1 percent during 2010."
See, that's an economy that is in a severe state of anemia, frozen in place by the overhang of the massive Soetor0 regulatory environment and the unfair nature of his Crony Capital-Fascist Regime, combined with the uncertainty of
placing new capital to work with the possibility of 5 more years of more regulations and possibly higher capital gains and income taxes. The smart money is putting their assets at work abroad.
More from the BEA Report in the next post.
"
written by jokin , January 28, 2012
"The price index for gross domestic purchases increased 2.5 percent in 2011, compared with an increase of 1.5 percent in 2010."
So, as we all see on a day-to-day basis, prices are Accelerating while the economy is Decelerating. This is the onset of Carteresque Stagflation- the utter confounding refutaion of Keynesianism.
Ask yourself this: If the economy is going such great guns, then why did Fed Chairman Bernanake just announce that Fed Monetary policy will maintain artificially low interest rates through 2014? Let's just say that is NOT a strong vote of confidence for the overall health of "the extent of the recovery". Even Zsa Zsa got this one right (http://www.huffingtonpost.com/...31262.html):
"Memo to those who are out of work: Don't get your hopes up this year. Federal Reserve Chairman Ben Bernanke said on Wednesday that the central bank did not expect the U.S. unemployment rate to go below 8.2 percent in 2012 or below 7.4 percent in 2013.
That's one reason the Fed left short-term interest rates unchanged at 0 to 0.25 percent, where they are expected to remain through 2014. "Unless there is a substantial strengthening of the economy in the near term, I would think that it's a pretty good guess that we will be keeping rates low for some time from now," Bernanke said.
Bernanke's MUTED OUTLOOK reinforced many economists' view that, despite some small glimmers of hope, THE ECONOMY AND JOBS WON'T BE PICKING UP IN THE NEAR TERM!"
Woodrow, let me paraphrase a hero of yours, LBJ: "when you've lost Zsa Zsa Huffpo, you've even lost your looniest supporters."
written by jokin , January 28, 2012
There is no doubt that the GDP numbers for the 4th quarter are artificially inflated for political consumption, they ALWAYS get revised downward, UNEXPECTEDLY:
"The Bureau emphasized that the fourth-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 4). The "second" estimate for the fourth quarter, based on more complete data, will be released on February 29, 2012."
Don't you like how nice a CYA job they do to keep a semblance of a professional reputation?
"The change in real private inventories added 1.94 percentage points to the fourth-quarter change
in real GDP after subtracting 1.35 percentage points from the third-quarter change. Private businesses
increased inventories $56.0 billion in the fourth quarter, following a decrease of $2.0 billion in the third
quarter and an increase of $39.1 billion in the second.
Real final sales of domestic product -- GDP less change in private inventories -- increased 0.8
percent in the fourth quarter, compared with an increase of 3.2 percent in the third."
Again, the alleged uptick in the economy is due primarily to a massive increase in inventories, while the real economy is decelerating.
written by Barthélemy Barbancourt , January 29, 2012
The fact that the economy is flat on it's back gives me no joy. Sure, Barry O's dismal performance has vindicated my beliefs that socialism always fails and brings more misery, but that is hardly reason to celebrate.
Europe is going to take a big hit this year and it will affect the US, it will definitely slow the recovery and might tip up into a short recession.
Barry was swept in by factors beyond his control and he will swept out by some of those same factors. Of course, making things worse for 3 years hasn't helped.
Write comment
You must be logged in to post a comment. Please register if you do not have an account yet.
