Bushies decide to close economic indicators website.

[NoStateofMind]

Originally posted by: TastesLikeChicken

Originally posted by: PC Surgeon

Originally posted by: TastesLikeChicken

Originally posted by: GroundedSailor
And if they want to save money, they could start by shutting down Barney's website:
http://www.whitehouse.gov/barney/

Hasn't been updated since October 2007?

lol. Doesn't seem like a good example.

The fact that the presidents dog even has a website is absurd!

It's a webpage. And, unfortunately, there are probably a lot more people interested in the dog than economic indicators.

A web page dedicated Barney Fife would be more worthy.

 

[TastesLikeChicken]

Originally posted by: PC Surgeon

Originally posted by: TastesLikeChicken

Originally posted by: PC Surgeon

Originally posted by: TastesLikeChicken

Originally posted by: GroundedSailor
And if they want to save money, they could start by shutting down Barney's website:
http://www.whitehouse.gov/barney/

Hasn't been updated since October 2007?

lol. Doesn't seem like a good example.

The fact that the presidents dog even has a website is absurd!

It's a webpage. And, unfortunately, there are probably a lot more people interested in the dog than economic indicators.

A web page dedicated Barney Fife would be more worthy.

No doubt those who live in Mayberry would think so.

 

[Bowfinger]

Originally posted by: TastesLikeChicken

Originally posted by: Skoorb

Originally posted by: TastesLikeChicken
lol. All that site does is centralize information readily available from the Census and BEA websites . It's not as if the data will no longer be available publicly. Does it make it harder? Sure, it makes it harder for people that can't click their left-mouse button a couple of extra times.

iow, it's pretty much redundant anyway. Nothing is being hidden away though. But I guess any ridiculous claim where Bush is involved is fodder for a conspiracy theory today.

Next time your boss asks for a report, tell him that you aren't going to make one and that it's just a few extra clicks to look around your financial databases for the same info and see what he says.

Wouldn't you be upset if your bank account no longer had a summary of your balance? Oh, but you can find one by just doing a few more additions of each purchase you've made, so what's the big deal?

Anyway, Bernanke said no recession. I believe him!

If my boss asked me to provide a report like that I would. And if he came back and said that due to budget retraints that report is being obsoleted, which is the case here, I'd do that too.

Duplicating this webpage that's going down is a mater of saving links to the relevant reporting sections from the Census and BEA websites. It's not as if this is any great crushing blow to anything. How many people in here even knew of the exitance of that website before this thread came around? Maybe Legend Killer did. I doubt many others though.

The point that I'm responding to is that the OP attempts to pose this as some great conspiracy by the Bush admin and that's just whack. Great example of BDS though.

:thumbsup:

Psst. Hate to puncture your Bush apologism -- again -- but Bush works for us. Your counter is exactly backwards -- again. The tail is wagging the dog.


In an administration that's pissing away hundreds of billions of dollars per year, the claim that this action is merely to save money is pure BDS at its finest: Bush Denial Syndrome. To call the savings a drop in the bucket would be gross exaggeration. It's amazing how a certain core group can never see fault in anything this administration does ... except when the RNC has officially blessed the criticism as part of its '08 campaign propaganda points, of course. Thankfully the general public is increasingly less deluded than these die-hard partisans.

 

[1EZduzit]

Originally posted by: TastesLikeChicken

Originally posted by: GroundedSailor
And if they want to save money, they could start by shutting down Barney's website:
http://www.whitehouse.gov/barney/

Hasn't been updated since October 2007?

lol. Doesn't seem like a good example.

Caption from the first picture:

Miss Beazley and Barney investigate the first measurable snowfall of the season out on the South Lawn at the White House Dec. 5, 2007. White House photo by Shealah Craighead

You so quick to deflect for Bush that you just jump on any ittle thing you can find and spout it as fact. You prove yourself to be nothing but a partisian hack once again. 😛

 

[Jhhnn]

"Deleveraging", Legend Killer? Isn't that the Banking community's PC way of saying they lent out too much money based on false high valuation of assets?

And how is that accomplished, other than with infusions of cash to cover?

 

[TastesLikeChicken]

Originally posted by: Bowfinger

Originally posted by: TastesLikeChicken

Originally posted by: Skoorb

Originally posted by: TastesLikeChicken
lol. All that site does is centralize information readily available from the Census and BEA websites . It's not as if the data will no longer be available publicly. Does it make it harder? Sure, it makes it harder for people that can't click their left-mouse button a couple of extra times.

iow, it's pretty much redundant anyway. Nothing is being hidden away though. But I guess any ridiculous claim where Bush is involved is fodder for a conspiracy theory today.

Next time your boss asks for a report, tell him that you aren't going to make one and that it's just a few extra clicks to look around your financial databases for the same info and see what he says.

Wouldn't you be upset if your bank account no longer had a summary of your balance? Oh, but you can find one by just doing a few more additions of each purchase you've made, so what's the big deal?

Anyway, Bernanke said no recession. I believe him!

If my boss asked me to provide a report like that I would. And if he came back and said that due to budget retraints that report is being obsoleted, which is the case here, I'd do that too.

Duplicating this webpage that's going down is a mater of saving links to the relevant reporting sections from the Census and BEA websites. It's not as if this is any great crushing blow to anything. How many people in here even knew of the exitance of that website before this thread came around? Maybe Legend Killer did. I doubt many others though.

The point that I'm responding to is that the OP attempts to pose this as some great conspiracy by the Bush admin and that's just whack. Great example of BDS though.

:thumbsup:

Psst. Hate to puncture your Bush apologism -- again -- but Bush works for us. Your counter is exactly backwards -- again. The tail is wagging the dog.


In an administration that's pissing away hundreds of billions of dollars per year, the claim that this action is merely to save money is pure BDS at its finest: Bush Denial Syndrome. To call the savings a drop in the bucket would be gross exaggeration. It's amazing how a certain core group can never see fault in anything this administration does ... except when the RNC has officially blessed the criticism as part of its '08 campaign propaganda points, of course. Thankfully the general public is increasingly less deluded than these die-hard partisans.

Great. The president works for us. So if Hillary gets elected can I bitch and complain when she doesn't iron my shirt? I mean, damn, she works for us. wtf?

 

[Red Dawn]

Originally posted by: TastesLikeChicken
Great. The president works for us. So if Hillary gets elected can I bitch and complain when she doesn't iron my shirt? I mean, damn, she works for us. wtf?

Yeah if she were elected Maid. But if she were even remotely as bad as Bush has been you definately should piss and moan how bad of a President she is.. that's if she somehow gets elected

 

[dmcowen674]

So to be clear, if the Dems resurrect the website it will be part of their "Socialist" agenda right?

 

[TastesLikeChicken]

Originally posted by: Red Dawn

Originally posted by: TastesLikeChicken
Great. The president works for us. So if Hillary gets elected can I bitch and complain when she doesn't iron my shirt? I mean, damn, she works for us. wtf?

Yeah if she were elected Maid. But if she were even remotely as bad as Bush has been you definately should piss and moan how bad of a President she is.. that's if she somehow gets elected

And participate in the wailing of the CDS drones? No thanks. That particular emo trait is not part of my personality.

 

[LegendKiller]

Originally posted by: Jhhnn
"Deleveraging", Legend Killer? Isn't that the Banking community's PC way of saying they lent out too much money based on false high valuation of assets?

And how is that accomplished, other than with infusions of cash to cover?

Deleveraging can mean different things for different entities. For banks it would actually mean they borrowed too much in debt. However, it's not necessarily the banks that need to deleverage, but all sorts of people, including hedge funds, mutual funds, individual investors...etc.

You see, there is plenty of liquidity out there, it's just that people are holding onto cash, or paying down their debt from anybody, not really just banks.

It has nothing to do with "false valuations" as you put it. It has more to do with a pullback of borrowing, not lending, and it has almost nothing to do with housing, but everything in general. You're too hung up on your idea of pricing of housing.

 

[Red Dawn]

Originally posted by: TastesLikeChicken

Originally posted by: Red Dawn

Originally posted by: TastesLikeChicken
Great. The president works for us. So if Hillary gets elected can I bitch and complain when she doesn't iron my shirt? I mean, damn, she works for us. wtf?

Yeah if she were elected Maid. But if she were even remotely as bad as Bush has been you definately should piss and moan how bad of a President she is.. that's if she somehow gets elected

And participate in the wailing of the CDS drones? No thanks. That particular emo trait is not part of my personality.

Yeah I noticed you were more of the suck up type.

 

[TastesLikeChicken]

Originally posted by: Red Dawn

Originally posted by: TastesLikeChicken

Originally posted by: Red Dawn

Originally posted by: TastesLikeChicken
Great. The president works for us. So if Hillary gets elected can I bitch and complain when she doesn't iron my shirt? I mean, damn, she works for us. wtf?

Yeah if she were elected Maid. But if she were even remotely as bad as Bush has been you definately should piss and moan how bad of a President she is.. that's if she somehow gets elected

And participate in the wailing of the CDS drones? No thanks. That particular emo trait is not part of my personality.

Yeah I noticed you were more of the suck up type.

To the emo types everyone who isn't emo looks like a suck up.

 

[Jhhnn]

Deleveraging can mean different things for different entities. For banks it would actually mean they borrowed too much in debt. However, it's not necessarily the banks that need to deleverage, but all sorts of people, including hedge funds, mutual funds, individual investors...etc.
You see, there is plenty of liquidity out there, it's just that people are holding onto cash, or paying down their debt from anybody, not really just banks.
It has nothing to do with "false valuations" as you put it. It has more to do with a pullback of borrowing, not lending, and it has almost nothing to do with housing, but everything in general. You're too hung up on your idea of pricing of housing.

Yeh, I see what you mean- you're referring to the hedge funds banks created, and loaned them the money to start up, and the investors who borrowed more from the banks to leverage their buy-in on the deal- securities based on short-term leverage against long term liabilities, right? And the same kind of set-up used for private equity buyouts...

I know it's not just about housing- that's just the tip of the iceberg, the part we can all see...

And putting it in terms of a "pullback of borrowing" is a bit misleading- of course borrowers have pulled back, simply because they can't get the same terms as they could before...

Why not? because lenders are overextended as a result of past laxity and speculation, and now have to compensate for that... If they weren't, then the Fed wouldn't be jumping through flaming hoops to give them what they need to survive...

It's the "Greenspan Put" in operation- no matter how reckless or foolish lenders have been, the Fed will be there to bail them out, regardless.