tag:blogger.com,1999:blog-6616959642391988608.post1711381876077977204..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Business investment remains flatScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger19125tag:blogger.com,1999:blog-6616959642391988608.post-28145681874142541212013-11-07T22:36:43.203-08:002013-11-07T22:36:43.203-08:00This comment has been removed by the author.EscortSreviceshttps://www.blogger.com/profile/17120952319463788605noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-65147877910152799582012-06-29T06:02:01.465-07:002012-06-29T06:02:01.465-07:00Oh, well there's a non-partisan source to trus...<i>Oh, well there's a non-partisan source to trust...</i><br /><br />You gotta better one? Didn't think so.marmicohttps://www.blogger.com/profile/08277071086056574486noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-4285809627702388642012-06-28T09:06:18.968-07:002012-06-28T09:06:18.968-07:00"The Office of Management and Budget does. Be..."The Office of Management and Budget does. Benefits exceed costs." <br /><br />Oh, well there's a non-partisan source to trust...Paulhttps://www.blogger.com/profile/06843411100678811292noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-38306522869548309452012-06-28T04:40:18.087-07:002012-06-28T04:40:18.087-07:00Regulatory burdens have been increasing relentless...<i>Regulatory burdens have been increasing relentlessly</i><br /><br />So. Sure regulations have costs but they also have benefits. The empirical rather than the theologic analysis is to weigh both.<br /><br />The Office of Management and Budget does. Benefits exceed costs. The 2012 OMB edition is posted below.<br /><br />http://www.whitehouse.gov/sites/default/files/omb/oira/marmicohttps://www.blogger.com/profile/08277071086056574486noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-56338632034973307792012-06-28T03:41:46.856-07:002012-06-28T03:41:46.856-07:00"Corporations worked hard to generate profits..."Corporations worked hard to generate profits using scarce resources in the face of increasing difficulty, but the government effectively took most of those profits and redistributed them."<br /><br />In fiscal 2011, corporations paid an effective tax rate of 12%, the lowest in 40 years.<br /><br />http://online.wsj.com/article/SB10001424052970204662204577199492233215330.htmlmarmicohttps://www.blogger.com/profile/08277071086056574486noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-55232240698197217142012-06-27T23:04:26.317-07:002012-06-27T23:04:26.317-07:00Donny- if you meant crazy site because the link wa...Donny- if you meant crazy site because the link was screwy, here's an alternative place to view it: <br /><br />http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2012/02/Montier%20-%20What%20goes%20up%20must%20come%20down.pdfJakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-80024792895847983372012-06-27T19:27:52.955-07:002012-06-27T19:27:52.955-07:00In fact the USA spends more than $1 trillion annua...In fact the USA spends more than $1 trillion annually on the national defense-homeland security-VA complex, double in real terms what we spent before 9/11.<br /><br />24 Saudis armed with box cutters on 9/11 have added trillions to our national budgets and debts....<br /><br />Interest rates are low because of heavy government borrowing? This new thesis by Scott Grannis may require vetting.<br /Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-18136774950186026132012-06-27T17:46:35.461-07:002012-06-27T17:46:35.461-07:00Donny Baseball- GMO (the firm authoring the white ...Donny Baseball- GMO (the firm authoring the white paper) manages more than $100 billion in assets. While that doesn't alone make them experts, is should prove they aren't "dodgy" or "crazy". What's your rationale?Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-26451395737737126032012-06-27T17:28:46.315-07:002012-06-27T17:28:46.315-07:00"During Reagan's presidency (Jan '81 ..."During Reagan's presidency (Jan '81 - Dec. '89), federal spending averaged 21.5% of GDP"<br /><br />I'm using GPO fiscal year data Table 1.2. 1981 belongs to Reagan.<br /><br />http://www.gpo.gov/fdsys/pkg/BUDGET-2013-TAB/pdf/BUDGET-2013-TAB.pdfmarmicohttps://www.blogger.com/profile/08277071086056574486noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-44233613987000091222012-06-27T17:03:15.937-07:002012-06-27T17:03:15.937-07:00Jake-
I read opinions, most all opinions, just not...Jake-<br />I read opinions, most all opinions, just not the fever swamps. Give me something more than white papers from crazy websites.Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-82971662189164249632012-06-27T16:56:43.236-07:002012-06-27T16:56:43.236-07:00Marmico: During Reagan's presidency (Jan '...Marmico: During Reagan's presidency (Jan '81 - Dec. '89), federal spending averaged 21.5% of GDP. It hit a high of 22.9% in Mar. '82, during the depths of the recession, when spending typically peaks. Today, three years into the Obama recovery, spending is still more than 8% higher, as a % of GDP, than the average during the Reagan years. Of course, only Congress can spend money, Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-9851810242696764972012-06-27T14:22:36.557-07:002012-06-27T14:22:36.557-07:00"after all, federal spending has already decl..."after all, federal spending has already declined from a high of 25.3% of GDP in Sep. '09 to 23.3% in Mar. '12"<br /><br />Right, the feds only have to cut spending down to 22.4% (another 90 basis points) to get to the average spending level during the Reagan presidency.<br /><br />Do you not think that the sun setting in December 2011 of the accelerated and bonus depreciation &marmicohttps://www.blogger.com/profile/08277071086056574486noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-12675538559721179042012-06-27T10:43:00.956-07:002012-06-27T10:43:00.956-07:00Durable Goods orders report was relatively good in...Durable Goods orders report was relatively good in contrast to the Fed Regional manufacturing surveys. Maybe now we will see who is more accurate, the Census Bureau or the Fed. The one down side to the good Durable Goods order is that inventories continue to climb. That is a good thing if the economy continues to grow and a bad thing if it contracts.Squirehttps://www.blogger.com/profile/14088030568579672500noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-59167262621386912272012-06-27T10:32:02.727-07:002012-06-27T10:32:02.727-07:00Btw- welfare spending is 13% of the budget.
http:...Btw- welfare spending is 13% of the budget.<br /><br />http://www.usgovernmentspending.com/year2011_0.htmlJakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-67487716700027741242012-06-27T10:30:20.497-07:002012-06-27T10:30:20.497-07:00Yeah... why read opinions that disagree with your ...Yeah... why read opinions that disagree with your own.<br /><br />Let's go Mets!Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-53534099268003184642012-06-27T10:24:58.162-07:002012-06-27T10:24:58.162-07:00Jake-
Thanks for the white paper from a dodgy web...Jake- <br />Thanks for the white paper from a dodgy website. I'll pass. We have excellent data on what the government spends our money on and right now 75% is going to people via some entitlement or another or our bondholders.Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-17479548567887239272012-06-27T10:19:32.353-07:002012-06-27T10:19:32.353-07:00Jake-
Payments to individuals is 65% of all federa...Jake-<br />Payments to individuals is 65% of all federal spending. Defense is close to 20% and interest payments are @7%ish, set to balloon to over 10%. SG is not pretending anything. Overwhelmingly, the government just cuts checks to people.Donny Baseballhttps://www.blogger.com/profile/08040288585224426073noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-83890947225457447832012-06-27T09:46:24.712-07:002012-06-27T09:46:24.712-07:00Here's a white paper showing a simple equation...Here's a white paper showing a simple equation that outlines why the government deficit has been responsible FOR the record corporate profits we are experiencing: http://tinyurl.com/7uwzyrbJakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-84141049888101801022012-06-27T09:42:22.313-07:002012-06-27T09:42:22.313-07:00I like how you pretend that all government spendin...I like how you pretend that all government spending is handouts to the poor. How about the amount spent on national defense, infrastructure, or the amount subsidizing those business profits? Taking national defense along ($750 billion http://www.usfederalbudget.us/defense_budget_2011_3.html) is more than 50% of all corporate profits.<br /><br />But that doesn't feed into your lazy narrative, Jakehttps://www.blogger.com/profile/07946497592651234440noreply@blogger.com