Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959. The drop also reflected the lapse of the payroll tax holiday. Excluding the effect of the tax and other special factors such as the timing of bonuses and dividends, disposable personal income would have increased 0.3 percent in January, the same as in December, the report said.Nothing like high unemployment, lower disposable income, and no GDP gains to spur on economic confidence. Unfortunately our President seems more interested in assigning blame, than taking responsibility. Look for nothing to get fixed... in large part because there is no interest in fixing anything.
Friday, March 01, 2013
Obanomics at work...
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U.S. consumer spending rose in January as Americans spent more on utilities, with savings providing a cushion after income recorded its biggest drop in 20 years."
I am finding it very hard to believe our friends on the left when they talk economics and finances with us.
"
FRIDAY, MARCH 01, 2013
Obanomics at work...
Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959. The drop also reflected the lapse of the payroll tax holiday. Excluding the effect of the tax and other special factors such as the timing of bonuses and dividends, disposable personal income would have increased 0.3 percent in January, the same as in December, the report said.
Nothing like high unemployment, lower disposable income, and no GDP gains to spur on economic confidence. Unfortunately our President seems more interested in assigning blame, than taking responsibility. Look for nothing to get fixed... in large part because there is no interest in fixing anything."
Captain Francesco Schettino!
Construction outlays fell 2.1 percent in January "
I am sure in January the President assured a worried nation that Construction spending was up.
And Biden just told us how this Great Recovery is , well, grrrrreeeaaatttt.
New factory orders for durables in January reversed back down 5.2 percent"
Well that is not the right direction if we are going to have a Great Recovery.
When the President tells us one thing and the data tells us another what are we to believe?
Time for another round with Tiger.
FORE!!!
What the Republicans just did was masterful.
Obama comes up with and gives birth to the sequester
Obama alone signs it making it the law of the land
Obama then warns Republicans not to stop it.
Obama then goes on a modern day AF1 chicken little tour 2013
Republicans allow the law to take effect.
Mr. Bloomberg argued the United States could owe “an infinite amount of money” and there is no specific amount that would cause the country to default."
Proud moment in Liberal land.
Disposable income, or the money left over after taxes, dropped 4 percent after adjusting for inflation, the biggest plunge since monthly records began in 1959.
Yes doughboy, people were far happier under Bush than they ever were under Obama.
Obama = misery.
I just answered a couple of stupid comments by Rat and Commensa with my usual signature incontrovertable brilliance in the next thread.
He's back on teevee - lyin' through his fvcking teeth - AGAIN.
Unbelievable.
Oh which channel, which channel? I want to SEE him.
Ette, did he again lie that the Sequester was not his abortion?
"I want to SEE him."
You want to do more than that...
"Ette, did he again lie that the Sequester was not his abortion?"
He's back on the rich - the freakin' freak is back on the rich need to pay their fair share...
...children will suffer, blah blah blah.
The guy's a psycho I'm tellin' ya - a freakin' psycho.
FILE UNDER: AND THESE PEOPLE WANT TO WOMEN'S VOTE?
Potential GOP Senate Candidates Still Worried
Roll Call notes that several congressmen running for U.S. Senate in 2014 or considering a bid voted against final passage of the Violence Against Women Act.
It's yet another indication how worried Republicans are about primary challenges from their right.
FILE UNDER: AND THESE PEOPLE WANT THE WOMEN'S VOTE?
Lawmaker Jokes About Transvaginal Ultrasound
Rep. Sean Duffy (R-WI) answered a town-hall question about his position on transvaginal ultrasounds by joking that he hadn't had one.
"I just answered a couple of stupid comments by Rat and Commensa with my usual signature incontrovertable brilliance in the next thread."
and i just reduced your comments to a puddle of liquid shit.
equating slavery to gay marriage and skeets 0linsky to Lincoln.
LOL.
nice try. better luck next time.
- rrb
rich need to pay their fair share"
Well his voters believe him.
Never mind the facts, in the last deal he got 600 Billion in new taxes, surely he is not demanding more?
"He's back on the rich - the freakin' freak is back on the rich need to pay their fair share..."
one would think that a "man" of such towering intellect and "god-like" stature would clearly defines what he means by the word "fair" and not have to resort to such a weasley and subjective term.
unless of course his audience is just a room full of low information voters who are swayed by such garden-variety bullshit...
- rrb
"He's back on the rich - the freakin' freak is back on the rich need to pay their fair share..."
You mean -- you mean they DON'T?
(need to)
"unless of course his audience is just a room full of low information voters who are swayed by such garden-variety bullshit..."
smdfh
what a disgusting excuse for a man - throughly disgusting.
***and i just reduced your comments to a puddle of liquid s******
No, return to that thread and see how GREATLY you helped me reduce your own comment to that.
you mean they DON'T?"
Define the terms .
"fair share" is key
What tax rate is the rate you want those individuals to pay.
"You mean -- you mean they DON'T?"
I mean they DO.
You know it and Obama knows it.
Will he, and YOU, ever take responsibility for a fvcking thing?
Republicans should raise taxes just to shut him the fvck up - and when that doesn't change a goddamn thing they should then say - well champ? what's next?
He's back on the rich!!!!!
That tears you up because you know it's a popular and winnable argument.
"and i just reduced your comments to a puddle of liquid shit."
Look at his response - I knew he wasn't smart enough to keep his big mouth shut, lol.
The contrasts of the many positions of Mr Obama on sequester is typical of his positions on most things.
Like his own tax returns, he could pay more in taxes, IF he only did not use a half dozen or so loopholes.
But not one single Obama voter will hold him to his words.
You left something out:
"You mean -- you mean they DON'T?"
(need to)
Will he, and YOU, ever take responsibility for a f****** thing?"
They will not.
Let me remind all of JNL.
James is overtaxed.
Okay, now I'm prepared to give you a ballpark estimate on what my fair tax rate ought to be.
It's was what I paid and not a penny more. In fact, I think I paid too much”
SAVAGETTE: Look at his response - I knew he wasn't smart enough to keep his big mouth shut, lol.
___________
YEAH, LET'S DO LOOK AT THAT RESPONSE:
ANONYMOUS RAT SAID:
only a true asshat could align something as egregious as slavery to something as trivial as gay marriage in comparison.
the two issues could not be more far apart in terms of the harm they do/have done to those affected by each.
thanks for not letting me down, jamesy.
to equate the two displays your ignorance of both.
- rrb
_______________
AND I, NOT HAVING SENSE ENOUGH TO KEEP MY BIG MOUTH SHUT, SAID:
Tell gays who have REALLY been mistreated in the past that there is no comparison to the treatment of blacks, and that their cause is trivial.
No wonder you guys are losing, losing, losing losers.
Yawn. breakfast with a friend, bills paid, and the Republicans are protecting their base.
The 1%
The middle income at best troother brigades are out in full battle regalia. Coon skin hats an tea bags at hand, they charge into the fray.
As we watch and laugh.
On a purely political level, give this one to the President. He's playing you guys and you don't even know it.
cue the man juice hilarity..
If you want to know what really bothers a liberal just look at the things they dwell on.
"I am not a dictator," Mr Obama
"Tell gays who have REALLY been mistreated in the past that there is no comparison to the treatment of blacks, and that their cause is trivial."
honest gays would not dare make the comparison to slavery.
and notice that i noted you moving the goalpost from "slavery" to "treatment of blacks."
even still, to pursue your "treatment of blacks" line, there is no comparison. when i see police dogs and water cannons unleashed by democrats on the gays i'll take note, but i won't hold my breath.
- rrb
LMAO - I knew he wasn't smart enough to keep his mouth shut.
You idiot k'putz. It is so typical of your lying ways to take one line out of a 30 minute news conference and make it into something it was not. He was making s general comment on how our system works. I heard most of it on the radio and know you are lying through your teeth, all five of them.
Savagette isn't even smart enough to know when she loses one REALLY decisively. :-)
"what a disgusting excuse for a man - throughly disgusting."
if dear leader was truly serious, he'd go after the rich with a "wealth tax." but then his learjet liberal base would go batshit fucking crazy...
"For all of the liberal caterwauling about disparities in wealth, one thing I don’t understand is why no one, not even the socialist senator from Vermont Bernie Sanders in full bulging-neck-vein mode, has started channeling Huey Long and calling for a serious wealth tax. After all, even if you raise the top marginal income tax rate back up to the Krugman nirvana level of 91 percent, it won’t touch the vast wealth of the Buffetts and Gates-ses of the world for a simple reason—the great bulk of their wealth was accumulated not as income subject to tax, but in the appreciated asset value of their investments and businesses. It has been the rise in asset values over the last generation that has contributed more to wealth disparities than differences in earned income levels. That’s why higher income tax rates do little or nothing to reduce wealth disparities, and why it is of little consequence for Buffett and Gates to support higher income tax rates. And with just a few bits of fancy tax accounting footwork, the Buffetts and Gates-ses can tap their wealth without having to pay income taxes on it even then.
I’m surprised that not even the inventive Cass Sunstein has argued that if there had been equity securities at the time of the Founding, the Founding Fathers would have subjected them to the equivalent of a property tax. After all, one of the earliest taxes, challenged unsuccessfully at the Supreme Court in Hylton v. U.S. in 1796, was a carriage tax that the Court ruled was a permissible excise tax just like taxes on land. And just who would have been paying “carriage taxes” in 1796? Why, the 1 percent, of course. It was a tax on rich people, probably enacted in response to the populist “Occupy the Stable” movement.
C’mon liberals; step up. It isn’t necessary to go as far as Long (heh). An excise tax of 1 percent on Buffett’s assets would yield something like $350 million a year. Throw in Gates, the founders of Google, Apple, and Facebook, and the Hollywood moguls, and we’re looking at billions a year. And why not? They can afford it. Oh wait, you’re right. If liberals actually proposed an honest-to-God wealth tax, a lot of those rich Silicon Valley and Hollywood liberals would become Republicans in a big hurry. But this also shows you what craven wusses liberals are today.
http://www.powerlineblog.com/archives/2013/02/hey-liberals-how-come-no-wealth-tax.php
- rrb
RRB, do you remember the gay guy who was taken out and more or less CRUCIFIED on a farm fencegate?
Gays remember. And gay voters are grateful to people who are repelled by that and who stand up for them.
Keep on digging it deeper. Go ahead.
"RRB, do you remember the gay guy who was taken out and more or less CRUCIFIED on a farm fencegate?"
yup.
there's one in a row.
that still pales in comparison to the tens of thousands of blacks seized, dragged onto ships and sold into slavery. or in more modern times those who were lynched by democrats, forced to use separate water fountains and rest rooms by democrats, attacked with dogs and firehoses by democrats, made to eat at separate lunch counters and attend separate schools by democrats and made to sit in the back of the bus...
...by democrats.
a statue honoring rosa parks was unveiled recently.
let me know when the statue honoring matthew shepard is commissioned. his death was tragic, but to compare his plight to those of blacks since colonial times at the hands of democrats is a completely flawed comparison on more levels than i can count.
- rrb
Gays remember. And gay voters are grateful to people who are repelled by that and who stand up for them.
and allowing gays to marry would have prevented that, how?
You are such a fucking moron
I guess you think gays are too stupid to know that if someone stands up for them and even takes political risks for them in one area, they will stand up for them in other areas as well.
And you call ME a moron?
(Slapping knee here.)
RRB, do you remember the gay guy who was taken out and more or less CRUCIFIED on a farm fencegate?
That's nothing compared to all the blacks that were lynched at the hands of the Democratic party.
You are such a canting hypocrite on the subject because you say nothing about how Islamic countries treat their Gay citizens.
You know, like putting them to death and in prison for being gay.
Since persecution and discrimination against homosexuals does not rise to the level of persecution and discrimination against blacks we should pay no attention to it?
Rat seems to think that way.
Commensa (the machinegun one) seems to think that way too.
I knew he'd double down on stupid, lmao.
Since persecution and discrimination against homosexuals in our country does not rise to the level of persecution and discrimination against homosexuals in Muslim countries, Obama's standing up for them has little meaning?
Commensa seems to think that way.
"Since persecution and discrimination against homosexuals does not rise to the level of persecution and discrimination against blacks we should pay no attention to it?
Rat seems to think that way."
i hardly think that way.
pay all the attention to it that it deserves.
in context and in comparison... there is no comparison.
- rrb
*Shaking
there is no comparison.
Tell that to gays.
And keep telling them that.
"You know, like putting them to death and in prison for being gay."
Well, he sure gets offended when I call them names...
...makes ya wonder, eh.
Amazing that he thinks marriage is a life or death situation - but then again - why would I wonder.
Since persecution and discrimination against homosexuals
What discrimination and persecution?
Hate crimes happen all the time and they are vigorously prosecuted. (Unless of course, the victim happens to be a straight white male).
Marriage is define between a man and a women. That definition, supported by a majority of American, is not discriminatory and certainly not persecution.
It is a sanctification of the unique union only a man and a woman could achieve together.
A union two women or two men can never have regardless of whether they are legally married or not.
A guess you guys aren't aware of what the latest polling is telling us.
But I am through here. I declare victory and leave to do things more important.
Stew on, in your poorly disguised homophobia.
What discrimination and persecution?
Hate crimes happen all the time and they are vigorously prosecuted. (Unless of course, the victim happens to be a straight white male).
s/he has to be mentally retarded
"But I am through here. I declare victory and leave to do things more important."
Translation:
He's made a fool of himself - again - so he scurries off...
Notice that the last things the Liberals want to talk about here are Obama economic policies.
Notice that the last things the Liberals want to talk about here are Obama economic policies.
Ya think? Anything other than the awful failure of this president.
Translation:
He's made a fool of himself - again - so he scurries off...
He actually thinks people care whether and when he leaves.
Idiot.
Anything other than the awful failure of this president."
When the topic of GDP came up, I found a source that showed Obama's 2009 projection of same for 2012.
His projection was that with the Stimuless and other things he was doing the 2012 GDP was going to be 4 percent.
Well, still waiting for that to come true.
My favorite failure is his promise to lower private premiums for individual Health Insurance Policies by $2,500 ,,, still waiting.
Notice how HB and JNL, try to make everything about them?
Fail: Obama mixes up Star Wars and Star Trek references, causing nerd rage
New hashtags #JediMindMeld and #ObamaSciFi. Enjoy.
#Nerdrage is now important.
Unreal.
Obama doubled the deficit in his first year of office and never did cut the inherited debt of under 500 Billion in half.
Still waiting.
And how can we take someone who tosses out beaner and moose-limb comments like they are meaningless, seriously? The little hate filled bigot and folks like him are the reason the GOP likeability is at record lows.
The President gives a 30 minute news conference, no teleprompters!!! In that he is calm, explains things as he sees them and talks to thew people directly. He goes around the media quite effectively. It's called the bully pulpit kids. Live with it. Yelling LIAR all the time only makes you look nuttier. And you are nuts.
Dispatches From Sequesteria
Day One, A.S., in what was once the capital city of a mighty empire. The Provisional Authority has set up Sequestervilles along the Mall, a labyrinth of clapboard and cardboard and canvas that will swallow you up if you aren’t careful.
The smells.
At night, the sounds.
Some of us from NRO were assigned to a cluster of hovels and lean-tos that has come to be called Ezra’s Alley. Others of us are acres away, on a strip they call Boehner’s Run. Still others are unaccounted for.
There is word of potable water and even some fuel on the other side of the river. But all of the crossings are controlled by the warlords of Alexandria and their confederates. From the tales told of their depravity, you’d rather drown than be taken alive.
We may yet have to chance it. Another journalist — was I a journalist? Am I one now? — another journalist, he was hit in the leg during the disturbances in Foggy Bottom and the wound will not close.
I will not allow myself the luxury of hope. This is all that is real now. They tore a piece of the world off and we survivors are forsaken to wander the 98.5 percent of it that’s left.
I pray you are safe and will send word when next I can.
http://www.nationalreview.com/corner/342009/dispatches-sequesteria-daniel-foster
LOL.
- rrb
No, when I leave I like to make it clear that I leave so you can't think I'm not responding to your idiocies.
I just came back and saw this:
***Notice how HB and JNL, try to make everything about them?***
No, the truth is, it's YOU GUYS who make it so much about us. If you'd stick to discussing issues and topics rather than constantly mentioning us, we'd all get a lot more done here.
And KD is the worst offender.
And now, with a triumphant smile on my face, I "scurry off" again.
Topic, Falling Income.
Looking at every Liberal post today I find zerO comments upon this thread about that topic.
Topic, Falling (disposable) Income.
When that goes down it is harder to grow the economy as a whole, put on top of that the higher price of fuels and food and well, ya see how it gets to snow ball rolling down hill.
R.I.P. Bonnie Franklin
"One Day at a Time"
#Nerdrage is now important.
Not as important as a sense of humor which you obviously lacked.
#moron.
hb@trootherland dot com said...
nothing
"If you'd stick to discussing issues and topics rather than constantly mentioning us, we'd all get a lot more done here."
lol
"Dispatches From Sequesteria"
lol - too funny
. Yelling LIAR all the time only makes you look nuttier. And you are nuts.
Anybody else see the delicious irony in doughboy's statement.
delicious irony" yes
I am being kinder to HB and James.
Still looking for our friends on the left to tell us why the US economy in 2012 did so poorly against Obama's projections?
On this thread.
I saw Paul Begala and David Frum on CNN and they made sense.
Obama is focused too much on fiscal issues, not monetary.
And the Republicans are pushing austerity, something that will just make the situation worse at this time.
As to poor Machine Gun Mensa. Quit lying and I won't mention it again.
"we'd all get a lot more done here."
WTF kind of idiot posted that line of dumbfuckery.
Austerity, really, that is what you think spending 1 trillion plus a year has been and taxing 600 billion more and the unfunded ObamaCare, that is your vision of what Austerity looks like, freaking hell, hate to see what an open purse looks like.
Add in the near trillion big pump going on over at the printing press Fed.
Do tell us exactly how you see us growing the economy and paying for it all?
taxation, public revenues, or public debt
MONETARY POLICY
: measures taken by the central bank and treasury to strengthen the economy and minimize cyclical fluctuations through the availability and cost of credit, budgetary and tax policies, and other financial factors and comprising credit control and fiscal policy
and then
AUSTERITY PROGRAM
: a program of economic controls aimed at reducing current consumption so as to improve the national economy esp. by increased exports
Just so we all are working off the same sheet of terms
So much fun watching k'putz twist and shout, believing he knows what he is talking about.
Psst.. for those who are not sure, read the rest of his rambling riot acts.
As to poor Machine Gun Mensa. Quit lying and I won't mention it again.
Except got CH, Ette, Rat, Mich, Indy, Whatta, and anybody else you disagree with that you called liar.
#moron
"Anybody else see the delicious irony in doughboy's statement."
Mental comes to mind...
***the Republicans are pushing austerity***
and Americans are pushing back, saying, we don't want it.
Even one of the right's own polling reserch centers admitted that, to their chagrin.
Do tell us exactly how you see us growing the economy and paying for it all?
HalfBaked, the above question, got answer.
The definitions I posted where three key words you used in your post.
Defining terms is always best when discussing issues with you, and your ilk less we get undefined feel good nonsense like "saved jobs" and "fair share".
the definitions of terms came from either Webster's online dictionary or from Investopedia.
Repeat After Me: Obama Cut the Deficit and Slowed Spending to Lowest Level in 50 Years
http://www.huffingtonpost.com/bob-cesca/repeat-after-me-obama-cut_b_1955561.html
smells like nutsack-breathed swill swallower in here.
"Repeat After Me"
Posting the same Rex Nutting bullshit lies again, eh.
Myself, I prefer Republican swill.
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