Romney Victory Could Mean 'Double-Dip Recession'

Big Cat wrote:

Heisenberg wrote: Krugman?? rofllol rofllol

Just look around and see the evidence of what this disaster of a president is doing.

I'm lookin around..Things are great compared to what they were 4 years ago..after 8 years of republican policy

Whata blind?

More people on food stamps, less people working, incomes down 4k each, Middle East erupting...

Product of da chicago publek edumacation sistem.

Woo hoo, Obama spends 5 trillion on stimulus and creates 355,000 jobs. Sam Walton has done more in a couple years and it saved Americans money, not added trillions to the debt.

archer wrote:

FredHayek wrote: Give a man a fish and you feed him for one day, but teach a man to fish and you make the man independent.

Is there any reason we can't do both?

I'm wondering how you teach someone in their 60s/70s/80s who may have MS, Parkinson's, or some other disability to "fish"? Meh, screw 'em... Let the bastards freeze in the dark, and starve to death. Compassionate Conservatism at its finest...

Foods stamps distribution boosts the economy more than anything else the government can do...It spreads money across the board to all kinds of businesses and communities while building another Aircraft carrier we don't need does virtually nothing for our economy...

What an idiot. This is exactly how the left thinks- they really think that this is good for the economy! When the revolution comes- we will have to round you all up and send you to re-eduction camp.

NO- Foods stamps distribution does not boost the economy more than anything else the government can do. Not even close- sport.

Is that how you and your family "boost" the economy? You bum.

What boosts the economy is when we get deadbeats like you OFF of food stamps- and get a job! What boosts the economy is when we get the lazy - good for nothing- looters- off of government welfare and turn them into tax payers.

Just about anyone can do this- work for walmart or 7-11 or target- or Mc Donalds- I don't care- any of those jobs pay more than food stamps, and we taxpayers don't have to pay their bills for them.

With fewer looters- we taxpayers can keep more of what we earn, so we can spend and save and invest.

Democracy4Sale wrote:

archer wrote:

FredHayek wrote: Give a man a fish and you feed him for one day, but teach a man to fish and you make the man independent.

Is there any reason we can't do both?

I'm wondering how you teach someone in their 60s/70s/80s who may have MS, Parkinson's, or some other disability to "fish"? Meh, screw 'em... Let the bastards freeze in the dark, and starve to death. Compassionate Conservatism at its finest...

:rofl Yeah really

To these ignoramouses evereyone getting a little assistance is a Walfare Queen driving a yellow caddilac around the ghetto...People here are just plain ignorant. They've never been anywhere, they've never seen anything beyond their little sheltered lives..

Heisenberg wrote:

archer wrote: So it's best to let the poor and low income Americans starve Fred? I guess that really is the difference between the right and the left, and why I will never be a social conservative. I believe that we take care of our own in this country....that a nation is no better than how it treats the least of its citizens, that we do not give breaks to millionaires at the expense of other citizens.

You won't be a fiscal conservative either... big surpprise there. And "the poor" will be better off if they can get jobs instead of living off the taxpayers. All the millionaires put together won't have enouggh money to give the poor a lifetime of prosperity, that only comes from a healthy economy.

You're wrong...I can be a social liberal and a fiscal conservative.....I do believe on balanced budgets and pay as you go government. Where I differ from the Republicans on what constitutes a fiscal conservative is i believe in a balanced approach...you need to work at both sides of the ledger, income and expenses, not just the expenses. Republicans think we can cut our way to a balanced budget, my opinion is we can't, we need to make difficult choices both to cut spending and to increase revenue.

BearMtnHIB wrote:

Foods stamps distribution boosts the economy more than just about anything else the government can do...It spreads money across the board to all kinds of businesses and communities while building another Aircraft carrier we don't need does virtually nothing for our economy...

What an idiot. This is exactly how the left thinks-

Thinks? Its an undisputable fact..Here let me google that for you


http://lmgtfy.com/?q=food+stamps+effect+on+economy

Answer me this BearMtn...How can money being pumped into the economy not help it?


Food stamps offer best stimulus - study

Moody's study suggests extending unemployment benefits, increasing food stamps fastest ways to stimulate economy.


WASHINGTON -- As Congress and the White House consider a $150 billion stimulus package that includes tax rebates and tax incentives for business, a report released Tuesday suggests that other methods would do a better job of infusing money into the flagging economy and doing it fast.

The industry research firm Moody's Economy.com tracked the potential impact of each stimulus dollar, looking at tax rebates, tax incentives for business, food stamps and expanding unemployment benefits.

The report found that "some provide a lot of bang for the buck to the economy. Others ... don't," said economist Mark Zandi.

In findings echoed by other economists and studies, he said the study shows the fastest way to infuse money into the economy is through expanding the food-stamp program. For every dollar spent on that program $1.73 is generated throughout the economy, he said.

"If someone who is literally living paycheck to paycheck gets an extra dollar, it's very likely that they will spend that dollar immediately on whatever they need - groceries, to pay the telephone bill, to pay the electric bill," he said.

Stimulus proponents need to navigate Senate
Tracking that single dollar spent through the economic chain shows what economists call the ripple effect, Zandi said. For example, that dollar spent at the grocery store in turn helps to pay the salaries of the grocery clerks, pays the truckers who haul the food and produce cross-country, and finally goes to the farmer who grows the crops.

The report pointed to expanding unemployment benefits as the program that gets the next biggest bang for the buck. That's because, although the unemployed are already getting checks, they need to spend the money. For every dollar spent here, the economy would see a return of $1.64, Zandi said.

Expanding the food-stamp and the unemployment insurance programs are not in the current stimulus package expected to be passed by the House. In the Senate, the Finance Committee is now working on its own version of a stimulus package that might include extending unemployment benefits and other options.

Finally, Moody's report says business incentives such as tax breaks for buying new equipment - so-called accelerated depreciation - would give the least bang for the buck and potentially provide the slowest infusion of money. A dollar spent there would generate only 33 cents in the economy because, Zandi said, it takes longer for businesses to implement any benefit received.

The Abysmal Track Record of Moody’s Mark Zandi

Based on Zandi’s record, either his analysis is just wrong or his independence is compromised. Everyone seems to like to hear the guy who is saying what people want to hear, even the press appears to prefer “feel good” analysis to considering the accuracy of his record.

Consider these quotes by Zandi in 2007....

“From the housing cycle’s peak in 2005 to its bottom, which likely will come this summer, home prices of new homes will have declined about 10 percent, said Mark Zandi, chief economist of Moody’s Economy.com. By next spring, builders should be enjoying a recovery, but for now, “the housing correction is in full swing,” he said.” [Note; Home prices have declined almost 30%]

USA Today – May 17, 2007

“Weakness in the market has been concentrated in certain segments,” says Mark Zandi, chief economist of Moody’s Economy.com. “We’re not witnessing the entire housing market in metro areas caving in.”
MTG Foundation – April 28, 2007

This guy had said one stupid thing after another- like the story you have posted about him saying that food stamps stimulate the economy- what a joke.

I rest my case.
Here's a whole collection of wrong or misleading quotes from this freak...
http://www.ritholtz.com/blog/2010/09/zandi/