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Obama economy dying?

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Knowing said:
My favorite part of the new deal was the corruption and the money for votes. My second favorite part was court packing. My third favorite part was how FDR ran on fiscal conservatism in 1932, criticizing Hoover's inability to balance the budget and fear of putting too many people "on the dole."

Good thing he changed his mind and gave up those backwards conservative notions after he used them to get elected.

I can't believe I forgot my 1.5 favorite thing about the New Deal: destroying crops while people starved, a practice that still continues today.
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Taking it off topic, huh? The financial regulations of the New Deal stabilized the financial system enormously during the period they were in force. The proof is in the results & in the results of abandoning that system.
 
I didn't bring up the New Deal. When you fix wages and prices things tend to stabilize but central planning tends to not work out in the long run which is why our economy wasn't "fixed" until after WWII when rationing ended and the pent up capital of the new deal era was allowed to be spent on productive goods. To bring this discussion more current, I wonder what will happen when our inventory builds are sold, or what will happen to prices when the inventories fill up because ISRs suck.

I'd like your input though, who's fault was the .com bubble and why didn't the new deal save us?
 
Jhhnn said:
You fail to show that deregulation was in response to demands from the public, Shady28. If you can't prove your premise, the rest of the argument is meaningless.
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Yeah, we all know how smart you are Jhhnn. Smarter than Alan Greenspan, Warren Buffet, William Hamilton all combined.

Hell, we should just all stop posting and listen intently as you post your philosophy and thoughts.

Alternately, we could just put you on ignore.
 
shady28 said:
Yeah, we all know how smart you are Jhhnn. Smarter than Alan Greenspan, Warren Buffet, William Hamilton all combined.

Hell, we should just all stop posting and listen intently as you post your philosophy and thoughts.

Alternately, we could just put you on ignore.
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None of them claimed that deregulation occurs because of public demand as you did.

That's false attribution on your part.

Panics, crashes & depressions are, indeed, basic features of raw capitalism as are the speculative peaks & over extension of credit that precede them.

While such swings add excitement & more extreme possibilities in the rarefied marketplaces of the financial elite they're often enormously damaging to ordinary Americans- honest hard working people who are subject to forces beyond their control other than through the legitimate agency of government.

Republicans' so called free market ideology as govt policy obviously fails to moderate that sufficiently to suit the broader purposes of working people & society in general. They do not intend to change.
 
Knowing said:
I didn't bring up the New Deal. When you fix wages and prices things tend to stabilize but central planning tends to not work out in the long run which is why our economy wasn't "fixed" until after WWII when rationing ended and the pent up capital of the new deal era was allowed to be spent on productive goods. To bring this discussion more current, I wonder what will happen when our inventory builds are sold, or what will happen to prices when the inventories fill up because ISRs suck.

I'd like your input though, who's fault was the .com bubble and why didn't the new deal save us?
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Please. Much of New Deal financial regulation had already been rescinded & side stepped in the dotcom bust. Even then, the magnitude didn't even approach that of the housing bubble which struck at the heart of middle class wealth- home equity & bond dependent retirement accounts.

Ideologically, Repubs are obviously willing to accept & promote wild market swings that beat down the fortunes of working people.

Because Freedom, or something.
 
Jhhnn said:
Please. Much of New Deal financial regulation had already been rescinded & side stepped in the dotcom bust. Even then, the magnitude didn't even approach that of the housing bubble which struck at the heart of middle class wealth- home equity & bond dependent retirement accounts.

Ideologically, Repubs are obviously willing to accept & promote wild market swings that beat down the fortunes of working people.

Because Freedom, or something.
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So who's fault was the deregulation that allowed the .com bust? The housing bubble was promoted by at least 3 consecutive administrations. The "regulators" produced countless speeches regarding derivatives before 2007 so the notion that they had no idea what they were or how widespread they were is a farce. I'm not sure why I have to keep explaining that I'm not a republican but I'm still not a republican. The democrats created too big to jail and too big to prosecute so I'm not sure why you're not leveling any criticism at them.

Finally, why is no one moderating our booming economy so that the end of the next business cycle doesn't produce these "wild swings" you speak of?
 
Knowing said:
So who's fault was the deregulation that allowed the .com bust? The housing bubble was promoted by at least 3 consecutive administrations. The "regulators" produced countless speeches regarding derivatives before 2007 so the notion that they had no idea what they were or how widespread they were is a farce. I'm not sure why I have to keep explaining that I'm not a republican but I'm still not a republican. The democrats created too big to jail and too big to prosecute so I'm not sure why you're not leveling any criticism at them.

Finally, why is no one moderating our booming economy so that the end of the next business cycle doesn't produce these "wild swings" you speak of?
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Sorry but you have been judged guilty of the crime of not blindly supporting the narrative of, "Republicans = Evil but Democrats good and beyond reproach or temptation".

Essentially you are wasting your time attempting to even converse with Jhnnn in a non-partisan manner because anyone who does not fall in line with the "narrative" is a enemy of the party and the movement, etc.

So please make sure to wait by your doorway as a car will come to pick you up soon for your extended stay at a "re-education" camp.


P.S. Oh and I'll get this out of the way before Jhnnn or any of his comrades say it as the next stage of condemnation,

"Why do you hate poor people, gays, women, muslims, etc so much??"
 
Knowing said:
Finally, why is no one moderating our booming economy so that the end of the next business cycle doesn't produce these "wild swings" you speak of?
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I think the fed has tried to do that since the 80's. They just weren't very good at it. Ideally you want to lower rates and expand the money supply as you're going into a recession to create a 'soft landing.' On the other side, you want to do the opposite to prevent the economy from generating too much money and creating inflation.

Right now the fed is between strategies. They've held the assets on their balance sheet about constant for the past year at around $4.2T.

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But they've been testing out ways of decreasing the money supply quickly with reverse repo's (explained here)

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So as lending increases and the economy heats up, they can depress the money supply very quickly.
 
If HP is laying off 10,000 and twitter is going to do a big layoff and in September only 152,000 jobs or so were added.

That is bad.

Though HP does indeed deserve it.
 
OverVolt said:
If HP is laying off 10,000 and twitter is going to do a big layoff and in September only 152,000 jobs or so were added.

That is bad.

Though HP does indeed deserve it.
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Except they are just getting done with the 2nd biggest layoff in US History.... Something like 30k total.
 
HP is betting everything on their new architecture which isn't even out of the lab yet.

Hewlett-Packard is reportedly developing a powerful new type of computer that draws on technologies under development at HP Labs, including memristors and silicon photonics.
Called the Machine, it’s said to represent a new type of computer architecture that could “replace a data center’s worth of equipment with a single refrigerator-sized machine,” according to a report Wednesday in Bloomberg Businessweek.
But the Machine won’t come to market for a few years or possibly until the end of the decade, the article says, adding that HP must first overcome significant technology challenges.
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http://www.pcworld.com/article/2362...big-bet-on-the-future-of-server-hardware.html
 
The Top 1% of the wealthiest people now have a total wealth of $110 Trillion dollars. They can pay off the entire deficit of the United States 6 times over. How many more Tax Breaks do you absolutely illiterate Fox News Brainwashed GOP Voters believe they need at everyone else's expense?
 
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