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Posts Tagged ‘Recession’

Ben Bernanke Is An Idiot

by Bunk Five Hawks X ( 8 Comments › )
Filed under Barack Obama, Charity, Communism, Corruption, Democratic Party, Economy, Education, Elections, Elections 2012, government, History, Marxism, Media, Nazism, Politics, Progressives, Religion, Socialism, Special Report, World at September 15th, 2012 - 11:00 am


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How does a country that is epiglottisly deep in debt get out of it? Soak the taxpayers. Raise taxes and depress the economy even more. Keep investors hunkered down. As if things aren’t bad enough, what Bernanke’s proposing is likely to create inflation – that fortunately has been stagnant for years. Yeah, that’s the ticket to prosperity.

Anyone notice that big money players (like Warren Buffett, George Soros, George Paulson & Vladimir Putin) are buying up gold and precious metals like insane cat collectors? There’s a reason. They all know what’s coming down – a world-wide depression, thanks to an insane U.S. fiscal policy, set up by the Democrat-controlled Congress under the Bush administration, then promoted and promulgated by the Obama Regime.

And it IS a Regime.

Although the regime is sometimes hidden and not in front of the cameras of the general public, it has been aiding and abetting the radical left for decades, with a very patient step-by-step procedure. Although the names change, the mission is the same.

China didn’t fall to communism overnight. Neither did Russia fall immediately. Even the National Socialists began as an unpopular splinter group in Germany. It took decades and more before these evil regimes were accepted as a bunch of good guys looking out for the best interests of the populace.

Infiltrate the universities and schools. Check.
Indoctrinate the next generation. Check.
Infiltrate the main stream media. Check.
Install radicals in high positions of authority. Check
Create a large class dependent upon government for subsistance. Check.
Demonize the wealthy and successful. Work in progress.
Attack and ban religion and charity. Work in progress.

Once those simple tasks have been accomplished, the elites can take over and may God help us.

May God have pity on the rest of the world too, because if what this Regime wants comes to pass, the United States of America, the most successful nation in history, the most charitable nation in history, the most powerful nation in history, will not be able to help them any longer.

And Ben Bernanke is providing one more step on that path to the economic destruction of this great country.

When Oil Prices Double, Recession Often Follows

by Iron Fist ( 3 Comments › )
Filed under Headlines at April 25th, 2011 - 9:02 am

Hat Tip to Instapunbdit for the link.

There are plenty of risks in the economic outlook right now, including global supply disruptions following the multiple disasters in Japan, sovereign debt problems in Europe, budget gridlock in the U.S., and China’s inflation and rate hikes. What economists are most worried about, though, is oil. West Texas Intermediate crude ended above $112 per barrel in New York trading Thursday before the Easter break. Brent crude, the European benchmark, was just over $124. The average price for U.S. gasoline, at $3.85 per gallon on Friday, continues its march toward the $4.11 peak hit in 2008.

Already, rapid growth in emerging markets in Asia and South America is pressuring tight global oil supplies. That’s what pushed oil prices to $147 in 2008, adding to the problems in the U.S. economy. The Paris-based International Energy Agency in its April report estimated that effective spare production capacity within OPEC, which supplies about 40 percent of the world’s oil, stands at 3.91 million barrels per day. Based on OPEC’s March production of 29.2 million barrels a day, that means OPEC is producing at just over 88 percent of capacity – leaving a thin margin close to the level that helped drive oil prices up in the previous decade. The turmoil in Libya has already taken most of the country’s 1.7 million barrels per day off the market, and any further supply losses would be acutely felt.

How would oil in the $140-$150 per barrel range play out? Economists say much would depend on the speed of the rise. In the U.S., a spike to that range over the narrow space of a quarter would cause a sharp pullback in consumer spending, mainly on high-priced discretionary items such as cars and home goods. The surge would generate ripple effects throughout the economy, including outsized impacts on transportation, distribution, and construction, while increasing the chance of a new recession. The recent price rise has already pushed up U.S. inflation to an annual rate of 6.1 percent from December to March, cutting spending growth sharply last quarter and hammering consumer confidence.

This is just common sense, really. If you are spending more on gas, which is a relatively inflexible need, you will have to make it up somewhere, and everybody’s credit cards are maxed out, just like America’s. We’d be in for a rough patch if we had a good President. With the one we have, things are likely to get very bad.

More Joyous News From The Housing Market

by Iron Fist ( 34 Comments › )
Filed under Headlines at March 29th, 2011 - 12:51 pm

This is awful:

‘No Real Hope In Sight” As Case-Shiller Shows Housing Recession Still Here
Mar. 29 2011 – 11:43 am | By AGUSTINO FONTEVECCHIA

Housing is not even close to recovering -The Library of Congress via Flickr

Continuing its descent to the lower depths of a double-dip trough, the U.S. housing market fell even further in January, according to the widely followed S&P/Case-Shiller Home price Indexes. The 20-City Composite fell 3.1% from January 2010 while 11 of the 20 metropolitan areas (MSA) surveyed hit their all-time lows since the index began. In the words of David Blitzer, Chairman of the Index, the latest readings “bring us weakening home prices with no real hope in sight for the near future.”

The Recession is real. It is taking jobs, and costing life savings. The people who deny this are either getting rich off of it or have something to lose by admitting the truth. Or both.

How Did That Recovery Summer Go Anyhow? I keep Reading Obama Boom Stories

by Flyovercountry ( 120 Comments › )
Filed under Economy, Elections 2012 at March 16th, 2011 - 8:30 am

Every day brings another major news story telling of improving economic conditions. Well, I guess there’s no where to go from here but up might be one answer. Another answer is baloney. Take a good look at the compilation graph above. this is U.S. employment graphed versus months from the start of every recession since WWII. Do you notice any standing out. O.K., I’ll admit that’s a cheap shot. So I’ll dig a little deeper.

When will we learn the lesson that the more the Federal Government spends in an attempt to pull us out of a recession the longer and more severe the recession becomes. This has been discussed by every credible economist not named Paul krugman, (Milton Friedman, Thomas Sowell, Walter Williams, to name a few,) many times over the last century. Politicians in general though like to ignore the advice completely, and even claim that they were advised the exact opposite for two reasons. One, the opposite advice allows them the appearance of doing something. Politically speaking, it matters little to a President if the recession lasts 18 months rather than 12, so long as it is over before the next election, and the general sentiment is that it was the President’s policies which pulled us through the tough times. Two, it allows for a lot of politically motivated reckless spending. President’s benefit politically from being allowed to turn the federal spigots on with nary a peep from any opposition with a say so.

The current recession has done at least one thing for those paying attention. During Bush’s 8 years in office we read nothing in the media but stories relating to how bad the economy was. In 2004, I can remember a co-worker telling me that he was going to vote for Kerry because, “we got to do something about this economy man.” Indeed, I can still hear Kerry droning on about it being the worst record on jobs since the great depression. Putting aside for the moment that the unemployment rate was below 4%, and every other demonstrable indication was that the economy was booming at the time, we still go those stories, daily. Once the election was over, the news being reported changed. Today, real unemployment remains above 15%, and we are treated to stories of an economic boom. The unemployment numbers are purposefully massaged in order to give the appearance that Washington’s lead is working. This recovery has taken far longer than any other since WWII, and in fact has been far more shallow than any other as well.

The economy will recover eventually. It always does. The difference is the strength of the recovery. In 2012 Obama and his merry band of idiots will take credit for whatever economic recovery there is. He will tell people that it would have been so much worse had his policies not been inflicted on the rest of us. At that time, refer to the graph above, and realize who’s recession stands out amongst every other. This is the only possible result of Obama’s domestic agenda. Remember this graph two years from now. As a resource, this graph is getting it’s own page on the blog. Keep it in mind when you read the daily news stories about how Obama laid his hands on the U.S. economy and saved us from certain doom.

One more thought, there are plenty of my fellow conservatives wringing hands at the prospect of President Obama’s absence from actually attending the functions of his job. I am somewhat torn on this one. While we need actual leadership in our President, we aren’t going to get that from Obama whether he sits behind his desk or not. With him playing golf, basketball, and partying in Brazil he truly will do less damage that way. I say, encourage Obama to play at least 18 holes a day for the next 1 and 3/4 of a year.

Crossposted at Musings of a Mad Conservative.