tag:blogger.com,1999:blog-6616959642391988608.post628525385088257665..comments2024-03-18T13:22:06.536-07:00Comments on Calafia Beach Pundit: The end of the weekly claims seasonal problemScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-6616959642391988608.post-14118345802455124822011-07-29T15:19:06.242-07:002011-07-29T15:19:06.242-07:00Public: Something's very wrong with the NY Tim...Public: Something's very wrong with the NY Times' data. To begin with, our total debt owed to the public (which is the only measure that counts) is $9.7 trillion, not 14.3 trillion. Second, total revenues under Bush II were $17.2 trillion, and total spending was $19.7 trillion, for a deficit of $2.5 trillion. How they can claim that Bush racked up a deficit of $6.1 is beyond belief. <br /Scott Grannishttps://www.blogger.com/profile/14028519647946868684noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47270078320677605362011-07-29T10:08:24.727-07:002011-07-29T10:08:24.727-07:00Actually, the problem is the obligations we have t...Actually, the problem is the obligations we have taken on as a country. I did a quick look at the past 80 years and only three times did one party have a filibuster proof majority in the Senate, a large majority in the house and the presidency at the same time: the mid-late 30's; the mid-60's, and 2009-10. All of those were Democratic Party "GOVERNMENTS" as opposed to ChronicleSmithhttps://www.blogger.com/profile/02232306646556383774noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-31628182824247755282011-07-29T08:37:57.037-07:002011-07-29T08:37:57.037-07:00Good post on how we got to $14.9T. Despite the rhe...Good post on how we got to $14.9T. Despite the rhetoric, Obama added 1/3 what little Bush tallied up.<br /><br />http://www.nytimes.com/interactive/2011/07/28/us/charting-the-american-debt-crisis.html?src=ISMR_AP_LO_MST_FB<br /><br />The combined Bush family added $7.6T to our national debt. Solid Republican effort right there...Public Libraryhttps://www.blogger.com/profile/00017383928897945054noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-57023950616246836062011-07-28T15:43:37.859-07:002011-07-28T15:43:37.859-07:00Krugman, who is not always wrong, is blogging abou...Krugman, who is not always wrong, is blogging about Euro-gloom, and a depression in the defaulting nations of Greece, et al. They cannot print money, as they are tied to the euro.<br /><br />As of now, the only locomotives in the world are BRIC nations. Let's hope they keep up their monetary stimulus. <br /><br />The world needs locomotives--and Europe and the USA are stuck in idle, or Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-64980195877844665932011-07-28T09:35:42.458-07:002011-07-28T09:35:42.458-07:00Too slow. This economy needs some geritol.
I do...Too slow. This economy needs some geritol. <br /><br />I don;t know why all the feebleness at the Fed. The Bank of Japan has proved that going to zero bound and staying there accomplishes nothing, except perma-gloom.<br /><br />Time change, upending hoary traditions and maxims. In the past, tight money made sense.<br /><br />Now, it no longer does. The Fed needs to do more QE. If they retire Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24767654953206748952011-07-28T09:14:29.715-07:002011-07-28T09:14:29.715-07:00These numbers were surprisingly good. The 52 week ...These numbers were surprisingly good. The 52 week moving average<br />of non seasonally adjusted jobless<br />claims continues to move southward.<br />California and Florida's 52 week M.A. for NSA claims continued to move southwards also. Interestingly<br />Minnesota still showed residual<br />effect from the shutdown and Alabama has yet to recover from the<br />effects of the Tornadoes....broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.com