Posts
Sunday, October 30, 2011
Subscribe to:
Post Comments (Atom)
Blog Archive
-
▼
2011
(571)
-
▼
October
(52)
- Bank lending and money supply update
- Bad policies create a scary economy
- Inflation update
- Recapping recent events
- Thoughts on GDP
- Stunning bond market upset
- Making some progress in Europe
- Eurozone panic update
- Capex continues to register strong growth
- Treasuries up, oil up?
- Housing price update
- Perry's tax plan looks great
- Real estate update
- Eurozone contagion fears are weakening
- A new high for the yen
- The market is up, but still terrified
- Yield curve signals growth (cont.)
- Yield curve continues to suggest growth
- Misery Index update
- Claims show continued, slow improvement
- Argentina's lessons for today
- Inflation and bond yields
- Good news on housing
- Producer inflation continues to surprise on the up...
- Miscellaneous updates
- Talking to your computer
- Words of wisdom
- The more government spends, the worse it gets
- Retail sales and supply-side economics
- Export growth continues strong
- Claims still show no evidence of a double-dip
- Romney is wrong about China
- Big and welcome reversal
- TIPS update
- Beware the safety of Treasuries
- Shipping activity shows strong gains
- One more tribute to Steve Jobs
- Volatility update
- Solving the Eurozone bank problem might not be ver...
- Jobs increase more than expected
- Panic update
- Eurozone crisis update
- Unemployment claims show no sign of a recession
- Steve Jobs, RIP
- Eurozone contagion recap
- More signs the economy continues to grow
- My next iPhone
- Back to '08 valuations
- Auto sales still booming
- Construction remains flat
- Manufacturing continues to expand
- Commodity update
-
▼
October
(52)
About Me
Favorite blogs
Favorite books
- "A Random Walk down Wall Street" -Burton Malkiel
- "FDR's Folly" -Jim Powell
- "I Am John Galt" -Don Luskin
- "Panic" -Andrew Redleaf and Richard Vigilante
- "Parliament of Whores" -P.J. O'Rourke
- "Popular Economics" -John Tamny
- "The Education of a Speculator" -Victor Niederhoffer
- "The Financial Crisis and the Free Market Cure" -John Allison
- "The Seven Fat Years" -Robert Bartley
- "The Way the World Works" -Jude Wanniski
- "Wealth and Poverty" -George Gilder
13 comments:
"When you look at this final agreement that we came to with the white House, I got 98 percent of what I wanted. I'm pretty happy." - John Boehner
Maybe "Boehnernomics" would be more accurate.
John: Are you talking about the temporary budget deal? Are you really comparing this one time temporary funding measure to Obama's reckless spending and huge increases in regulations and taxes?
I am not a fan of Obama.
Still, after eight years of Bush jr. we had a collapsed financial system, bankrupt auto companies, chronic federal red ink, GDP decreasing at a 10 percent annual rate, and a stock market lower than when Bush jr. took office. We had two unfinished wars, neither of which looks to be "winning" efforts. but which will cost $4 trillion.
Ethanol boomed, however. Subsidized and mandated ethanol.
There must be another party I can vote for.
We also need to deregulate and de-license the law profession. Where is free enterprise when you need it?
The citizenry has a choice between "big business" Republicans or "big government" Democrats -- I have no use for either -- I call myself a Libertarian for these reasons...
PS: Learn more at:
http://www.lp.org/
@Bill
What reckless spending?
What increase in regulation?
and the kicker
What increase in taxes?
If you take Reagan, Bush Sr, and Bush Jr, you get most of the $14T in debt so I am assuming Scott is referring to those guys.
Reagan, SR/Jr = $9,462B
Obama = $1,653 through 2010
http://en.wikipedia.org/wiki/National_debt_by_U.S._presidential_terms
PL, BO has added more than 4 trillion in debt...
Your number is seriously in error...
Tomorrow's November 1 and the news of the next month will be dominated the supercommittee. Cantor, Boehner and McConnell will be all over the television along with Kudlow, Gingrich, and Moore. It will be very frustrating. Probably a good time to pull our chips off the table and go for a sandwhich.
Public: normally I find wikipedia to be pretty accurate, but the page you refer to is indeed seriously in error. For example, the total deficit accumulated since Obama took office in Jan. '09, through Sep. '11, is $3.615 trillion. Through today, it is approximately $3.725 trillion.
The federal government's current outstanding debt owed to the public is $10.206 trillion.
Under Obama's watch, the federal deficit has increased by 57%, from $6.481 trillion to $10.206 trillion.
Benjamin,
I'm not a fan of Bush jr. all that much, but:
We had a collapsed financial system due to the policies of not all, but largely democratic policies regarding home ownership.
In fact the deficit was shrinking and down to just over 200million and was projected to be positive within 2 years before the mortgage debacle unwound.
The U.S. Gov't enjoyed to largest tax receipts for some 36 months in the history of the country.
The wars are a subject of their own. Your position on U.S. militarism is well established on this forum.
I agree with you about derejulating and de-licensing the law profession. That industry has a stranglehold on free enterprise.
@Bob
The 2004-2005 re-jiggering of Freddie and Fannie's conforming requirements made the situration much worse. Bush went around bragging about the highest percentage of Americans "owning" their homes.
John,
As I said, not the greatest fan of Bush II, well either one for that matter.
But Bush did warn, on more than one occasion, of the impending disaster looming because of lack regulatory oversight of Fannie and Freddie. As did Treasury Sec. Snow and others in his administration.
This fact is largely glossed over by the biased main stream media.
I have never liked Obama and his economic policies!
What's really scary is that if the GOP does not get serious, and become unified in selecting the right GOP candidate to tumble Obama in the 2012 elections, we may have another 4 years (and its negative economic effects on the nation) of more Obamanomics.
Now, that is really scary ...
Post a Comment