Rough day on Wall Street today...

[Parkbandit]

Looks like a pretty bad day out there ahead.

[g++]

Money never sleeps...what a horrible movie/real world.

[Keller]

Goes to show how ineffectual the GOP congress has been at getting the US economy on the right track.

[Drew]

Goes to show how ineffectual the GOP congress has been at getting the US economy on the right track.

Early troll is early!

[Keller]

Early troll is early!

I need rocktar and crb to entertain me!

[Parkbandit]

Goes to show how ineffectual the GOP congress has been at getting the US economy on the right track.

Let's make sure that in 2012, we elect more GOP politicians, so they can have a super majority in the both the House and Senate.. then we will get it done like we did when we elected the 1994 Congress.

[Keller]

Let's make sure that in 2012, we elect more GOP politicians, so they can have a super majority in the both the House and Senate.. then we will get it done like we did when we elected the 1994 Congress.

Let's just hope the GOP doesn't "get it done" like they have in 2011.

[Parkbandit]

Let's just hope the GOP doesn't "get it done" like they have in 2011.

Given that they have a slim margin in the House and don't control the Senate.. I'm pretty sure your targeting the wrong party. I mean, it's only been since January... where as the Democrats have controlled both the House and Senate since 2006.

[Suppa Hobbit Mage]

First - BUSH IS NO LONGER PRESIDENT.


Total control of congress AND the executive branch, and what did America get? Deficit-swelling tax cuts for the affluent, two unfunded wars and absolutely no measures for austerity.

This was about Obama right? That looks right.

[BriarFox]

Goes to show how ineffectual the GOP congress has been at getting the US economy on the right track.

I find it particularly ironic that the GOP has been encouraging the Federal Reserve to do nothing to help the economy, purely for political reasons. The Fed rightfully ignored them.

[Parkbandit]

Kind of like they had during most of Bush's reign? Total control of congress AND the executive branch, and what did America get? Oh, right! Deficit-swelling tax cuts for the affluent, two unfunded wars and absolutely no measures for austerity.

Lip service to fiscally conservative ideals until they get elected: They've got ParkBandit's vote! What could go wrong?

w00t! Entertainment has entered the fray!! I was thinking you would have "reared" your ugly face yesterday.. but a day late is better than nothing!

This same congress under Bush also turned the economy around at the beginning of 2001 and made corrections after 9-11 to head off a recession.

What's the Democrat 2006 Congress done for you lately.. besides causing a recession, inflating the deficit at a record pace, passed one of the worst pieces of legislation ever (Obamacare) and maintained a 9+% unemployment rate for 3 years?

[Parkbandit]

I find it particularly ironic that the GOP has been encouraging the Federal Reserve to do nothing to help the economy, purely for political reasons. The Fed rightfully ignored them.

You mean like another round of QEs? Or just printing up some more money?

[BriarFox]

Ok, PB, let's break your "points" down:


What's the Democrat 2006 Congress done for you lately.. besides causing a recession

Yes, the Democrats were totally in charge of the subprime housing market. Guess which party is in favor of more regulations and which one isn't? If any party takes the blame for that, it's the GOP.


inflating the deficit at a record pace

Largely a result of Bush's poorly considered series of wars and taxcuts for the wealthy. The stimulus added fractionally to it, but guess who undercut the stimulus to keep it from being as effective as it would have been otherwise? Right -- the GOP. Guess who's been standing in the way of any sort of effective response? Right -- The Party of No, the GOP.


passed one of the worst pieces of legislation ever (Obamacare)

The Dems should have fought harder for that bill. It ended up being wishy-washy, when it could have been amazing. Guess why its half-ass. Right -- the GOP, which apparently likes neither health care for poor people nor letting the market determine health insurance prices. Do you see the irony there, from the party about conservative values and the free market?


and maintained a 9+% unemployment rate for 3 years?
See above. And guess who tried to pass legislation to help with that, and who stood in the way for ideological and political reasons? Oh, no, the GOP can't let the Dems fix the economy because then they'd look good!

Add into the above the current series of anti-women's rights, anti-union, anti-tax-code corrections, and anti-immigrant policies, along with the illegal gerrymandering going on in Ohio, and you've got a massive pile of shit where a respectable party used to be.

Let's also not forget the floor-hugging humor of the GOP calling Obama's plan "class warfare," when all the GOP ever does is try to screw over the low and middle class in favor of the upper.

So, to sum everything all up? Fuck the GOP.

[BriarFox]

You mean like another round of QEs? Or just printing up some more money?

Do you even read the newspaper, or do you just hunt around in it looking for things you agree with and ignoring everything else?

[Parkbandit]

Ok, PB, let's break your "points" down:

Yes, the Democrats were totally in charge of the subprime housing market. Guess which party is in favor of more regulations and which one isn't? If any party takes the blame for that, it's the GOP.

Largely a result of Bush's poorly considered series of wars and taxcuts for the wealthy. The stimulus added fractionally to it, but guess who undercut the stimulus to keep it from being as effective as it would have been otherwise? Right -- the GOP. Guess who's been standing in the way of any sort of effective response? Right -- The Party of No, the GOP.

The Dems should have fought harder for that bill. It ended up being wishy-washy, when it could have been amazing. Guess why its half-ass. Right -- the GOP, which apparently likes neither health care for poor people nor letting the market determine health insurance prices. Do you see the irony there, from the party about conservative values and the free market?


See above. And guess who tried to pass legislation to help with that, and who stood in the way for ideological and political reasons? Oh, no, the GOP can't let the Dems fix the economy because then they'd look good!

Add into the above the current series of anti-women's rights, anti-union, anti-tax-code corrections, and anti-immigrant policies, along with the illegal gerrymandering going on in Ohio, and you've got a massive pile of shit where a respectable party used to be.

Let's also not forget the floor-hugging humor of the GOP calling Obama's plan "class warfare," when all the GOP ever does is try to screw over the low and middle class in favor of the upper.

So, to sum everything all up? Fuck the GOP.

I realize that most of this thread is probably over your head.. but I will give you a hint to go back and read Keller's and my exchange... and then follow the pattern.

I won't even bother reading this post until you've done that and then post a "Oh, I get it" type of retraction.

Holy shit........

[Keller]

Early troll is early!

Like shooting fish in a barrel.

[Atlanteax]

Yes, the Democrats were totally in charge of the subprime housing market. Guess which party is in favor of more regulations and which one isn't? If any party takes the blame for that, it's the GOP.

Guess which party insisted that Fannie Mae and Freddie Mac make loan to "the disenfranchised" despite minimal if any viability in the loans being serviced ... and the pressure to do so was politically vote-buying motivated?

Then FNMA and FHLMC started having "profitability problems" and prompted the catastrophic tumble into the subprime mortgage crisis.

Homeownership is not "a right" (ditto for healthcare for that matter ... why the emphasis on the later if people are generally willing to acknowledge the former?).

[Parkbandit]

Do you even read the newspaper, or do you just hunt around in it looking for things you agree with and ignoring everything else?

I haven't read an actual "newspaper" in over 2 years. I also haven't read a paper book in over 3 years.

Embrace technology.

[Parkbandit]

Guess which party insisted that Fannie Mae and Freddie Mac make loan to "the disenfranchised" despite minimal if any viability in the loans being serviced ... and the pressure to do so was politically vote-buying motivated?

Then FNMA and FHLMC started having "profitability problems" and prompted the catastrophic tumble into the subprime mortgage crisis.

Homeownership is not "a right" (ditto for healthcare for that matter ... why the emphasis on the later if people are generally willing to acknowledge the former?).

God.. PLEASE DO NOT TURN THIS THREAD INTO THIS!

Fuck man... I expect it from BriarFox.. but seriously, follow the fucking pattern.

[BriarFox]

I won't even bother reading this post

You should have just said, "I can't handle anything that upsets my calcified notions."

[Keller]

Given that they have a slim margin in the House and don't control the Senate.. I'm pretty sure your targeting the wrong party. I mean, it's only been since January... where as the Democrats have controlled both the House and Senate since 2006.

What I am saying is that a bunch of GOP congress people said, "elect me and I'll save the US economy."

Have you seen the markets today? The GOP has failed the US economy.

[Parkbandit]

You should have just said, "I can't handle anything that upsets my calcified notions."

You probably should have just posted "derp, derp.. I haven't figured out this thread yet.. but I want to regurgitate all of the talking points I wrote down somewhere!"

[Parkbandit]

What I am saying is that a bunch of GOP congress people said, "elect me and I'll save the US economy."

Have you seen the markets today? The GOP has failed the US economy.

You believe that one person in Congress could save the economy?

That's cute. I bet you believe in Hope and Change too.

[Warriorbird]

What I am saying is that a bunch of GOP congress people said, "elect me and I'll save the US economy."

Have you seen the markets today? The GOP has failed the US economy.

Gold.

[Parkbandit]

Gold.

is taking a BEATING today....

[Atlanteax]

At least Oil is going down too...

[Parkbandit]

At least Oil is going down too...

That is due to the pressure the GOP is putting on OPEC.

[crb]

Kind of like they had during most of Bush's reign? Total control of congress AND the executive branch, and what did America get? Oh, right! Deficit-swelling tax cuts for the affluent, two unfunded wars and absolutely no measures for austerity.

Lip service to fiscally conservative ideals until they get elected: They've got ParkBandit's vote! What could go wrong?

AShliana where have you been, I've missed you!

Point of Facts.

1. After Bush cut taxes our nation experienced the longest period of months with consecutive job growth in history.

2. The "Bush Tax Cuts" cut taxes for everyone. They pulled many poorer people off the income tax rolls entirely. The portion that was for the "wealthy" as defined by Obama, was 70 billion a year. The other 330 billion a year was for the middle class and poor. Also, federal tax receipts INCREASED after he cut taxes. So you can't really peg them as causing the deficits.

3. Bush tried to reform SS, it was blocked by Democrats (he also tried to reform immigration, and was blocked by Republicans, and he called out for mortgage reforms and better standards as early as I think 2004 in his SOTU speech.) Honestly, for domestic policy, Bush wasn't too bad.

4. You forgot Medicare Part D. That also added to the deficit. 2 wars, and Medicare Part D.


Meanwhile can I show you a graph of the economy since Democrats took control of Congress? How often people forget that they took control in 2006, not 2008.

[Parkbandit]

I give up.

[BriarFox]

Chronology /= Causation.

[Back]

I give up.

Never give up man. Stay strong!

[Valthissa]

At least B. F. Goodrich stockholders are having a great day (we heard the rumor of the sale on Monday, I'm surprised at the premium being paid).

C/Valth (who is not doing well in the market today)

[Parkbandit]

Never give up man. Stay strong!

I can't. This thread had the opportunity to be really entertaining today...

[crb]

Ok, PB, let's break your "points" down:



Yes, the Democrats were totally in charge of the subprime housing market. Guess which party is in favor of more regulations and which one isn't? If any party takes the blame for that, it's the GOP.



Your opinion holds an assumption that more regulation, more government control, would have prevented the housing bubble. When in fact that is not proven, and in fact the antithesis has strong evidence to support it. Republicans are on the record going back to 2003 or 2004 for mortgage reform. You can find the speeches on YouTube. GWB and Ron Paul especially. You can also find the speeches where Democrats like Barney Frank fought them on it.



Largely a result of Bush's poorly considered series of wars and taxcuts for the wealthy. The stimulus added fractionally to it, but guess who undercut the stimulus to keep it from being as effective as it would have been otherwise? Right -- the GOP. Guess who's been standing in the way of any sort of effective response? Right -- The Party of No, the GOP.


You're relying too much on Moveon.org talking points here.

The stimulus was more or less the first piece of legislation Obama passes in early 2009. The GOP did not take control of the house until early 2010, and the house cannot pass any legislation by itself you know, regardless. The stimulus was supposed to be a short term program, as per the definition of the word. And you're claiming that the GOP, that came in to one part of the legislative branch 2 years later was able to make it ineffective? That is hilarious. So now it is the fault of republicans that the stimulus was so ineffective and so wasteful?

And sometimes "No" is the right answer.




The Dems should have fought harder for that bill. It ended up being wishy-washy, when it could have been amazing. Guess why its half-ass. Right -- the GOP, which apparently likes neither health care for poor people nor letting the market determine health insurance prices. Do you see the irony there, from the party about conservative values and the free market?


Again you're confusing the GOP with the Democrats. Obamacare was passed with Democrat super majorities. Sure, the GOP didn't like it, but they didn't matter. Your problem appears to be with blue dog Democrats.



See above. And guess who tried to pass legislation to help with that, and who stood in the way for ideological and political reasons? Oh, no, the GOP can't let the Dems fix the economy because then they'd look good!


Your confidence in the Democrat prescription for success is misplaced. The "solution" to our problems from the left, so far, has been Obama, Pelosi, and Reid sitting around with baseball bats beating businesses over the head with them saying "The regulations will continue until jobs are increased." Every 10 minutes they stop to catch their breath and say "But if you promise to hire someone, I'll give you a tax credit for one twentieth their first year salary, but just for the first year."




Add into the above the current series of anti-women's rights, anti-union, anti-tax-code corrections, and anti-immigrant policies, along with the illegal gerrymandering going on in Ohio, and you've got a massive pile of shit where a respectable party used to be.


Both parties do gerrymandering, no sense crying about it.

Unions are parasites on the economy, busting them is good.

Women's rights? ummkay what?

And you're missing the word "illegal" in your claim of anti-immigrant policies.

And again, one part of the legislative branch does not give you power to pass new laws on the federal level.



Let's also not forget the floor-hugging humor of the GOP calling Obama's plan "class warfare," when all the GOP ever does is try to screw over the low and middle class in favor of the upper.


What you just posted is class warfare. And you've been drinking the koolaid too much again. You realize the "wealthy" in america are taxed at a higher rate than the "wealthy" in europe? And the poor in europe are taxed at a higher rate than the poor in the US? And we call them socialists.

[Tgo01]

GOP, Obama, Congress, Iraq, Libya, abortions, death penalty, women, Bush, taxes, penis, health insurance.

[Keller]

You believe that one person in Congress could save the economy?

That's cute. I bet you believe in Hope and Change too.

Since the GOP took the House, the economy hasn't recovered.

I can't wait until the WSJ runs an op-ed showing all the record financial data achieved under this GOP-led congress.

Again, the GOP has failed the U.S. economy.

[Keller]

GOP, Obama, Congress, Iraq, Libya, the killed my nigga Ned, abortions, death penalty, women, Bush, taxes, penis, health insurance.

FTFY

[Parkbandit]

Since the GOP took the House, the economy hasn't recovered.

I can't wait until the WSJ runs an op-ed showing all the record financial data achieved under this GOP-led congress.

Again, the GOP has failed the U.S. economy.

Wait a damn minute... are you forgetting about:

1) The MILLIONS and MILLIONS of jobs that were created and/or saved during the past 3 years? They didn't fucking make/save themselves!

2) I didn't hear you complain about last year's "Summer of Recovery", brought to you by the G.O.P.

3) Record low interest rates... how about a "thank you GOP" for a change?

4) Stabilized the unemployment. If the GOP was really the "Party of No" we would probably have unemployment at around 20%.

5) Record number of government regulations passed. Like jobs, these didn't create themselves.

6) GOP takes control of House in 2011. Bin Laden is killed in 2011. That is not a coincidence.

[Keller]

:clap:

Now you're getting it.

[Keller]

The sad part is that I'm just trolling for fun.

"Media" outlets do this shit for real.

[Parkbandit]

I got it from the beginning.. it was the others that fucked this thread up.

[Keller]

I got it from the beginning.. it was the others that fucked this thread up.

And the :clap: was genuine, not sarcastic.

I actually laughed at a few of those.

[Gan]

:popcorn:

[ClydeR]

Goes to show how ineffectual the GOP congress has been at getting the US economy on the right track.

You, sir, are misinformed.

Having Republicans in the majority really helped the economy in the first quarter when there were positive jobs reports. As many Republican members of Congress remarked at the time, the turnaround was largely the result of the confidence the market gained from the Republican victory in the 2010 elections.

But when it became clear that the recovery was not as robust as many people thought, then we realized it was primarily Obama's responsibility because he didn't get the message of elections.


January 24, 2011

19 days in, GOP leadership takes credit for job growth
It took less than three weeks for the new Republican Congressional leadership to claim credit for an apparent economic upturn.

More... (http://www.politico.com/blogs/bensmith/0111/19_days_in_GOP_leadership_takes_credit_for_job_gro wth.html)


"The improvement seen in this report is a credit to the hard work of the American people and their success in stopping the tax hikes that were due to hit our economy on January 1," Boehner said. "Removing the uncertainty caused by those looming tax hikes provided much-needed relief for private-sector job creators in America."

More... (http://politicalticker.blogs.cnn.com/2011/03/04/administration-republicans-both-take-credit-for-drop-in-unemployment/)


Posted Monday, Jan. 24, 2011, at 7:36 PM ET

At 9:37 a.m. Monday, the office of House Majority Leader Eric Cantor e-mailed reporters its daily news update, the "Leader's Ledger." The third item in the e-mail was a Dow Jones story on new private-sector hiring. Cantor's office gave it this headline: "THERE ARE THE JOBS: Republicans Prevent Massive Tax Increase, Economy Begins to Improve."

More... (http://www.slate.com/id/2282296/)



March 04, 2011

Republicans Take Credit for Jobs Report
"After the first really positive jobs report since they took control of the U.S. House -- less than two months ago -- House Republicans are taking some of the credit for the economy adding 192,000 jobs in February and for the unemployment rate declining below 9%," NBC News reports.

Sample quote from Rep. Jeb Hensarling (R-TX): "The modest improvement can be attributed to two factors -- the free-market economy is slowly moving toward a recovery from this deep recession, and with Republicans controlling one lever of the lawmaking powers, job creators know the upper limits of the Democrats' legislative pain is behind them."

More... (http://politicalwire.com/archives/2011/03/04/republicans_take_credit_for_jobs_report.html)

From what I hear, Democrats are threatening to shut the government down again. This time their excuse is that Republicans won't let them give government handouts to people how built their houses too close to the shore. The threat of another shutdown has got to be weighing on the market.

[Parkbandit]

Trolled by a Canadian Troll...

http://www.bumperstickerz.com/images/10000286-01-00-00-00_lg.png

[Atlanteax]

Trolled by a Canadian Troll...

http://www.bumperstickerz.com/images/10000286-01-00-00-00_lg.png

This would be a long image comic (4 frames) of the same spirit, but gonna limit it to just a link here.

http://satwcomic.com/art/Matter-of-Perspective.jpg

[Parkbandit]

-400 for the day on the DJIA. It actually wasn't as bad as I thought it would be (Thanks to the GOP)

[Gan]

Tomorrow we should see the market regain some of the loss experienced today, especially so since Perry turned in such a great performance at the debate tonight.

(In before ClydeR)

ZOMG Thread Merge!

[Parkbandit]

Tomorrow we should see the market regain some of the loss experienced today, especially so since Perry turned in such a great performance at the debate tonight.

(In before ClydeR)

ZOMG Thread Merge!

I don't know.. Greece is still a huge deal and it's looking more and more likely that the country will default... which will certainly negatively effect the market.

This should not be blamed on the GOP.. because if it weren't for their hard work, we would be sitting at a 1000 DJIA instead of 10,000.

[Keller]

I don't know.. Greece is still a huge deal and it's looking more and more likely that the country will default... which will certainly negatively effect the market.

This should not be blamed on the GOP.. because if it weren't for their hard work, we would be sitting at a 1000 DJIA instead of 10,000.

Wait, do people still think Greece won't default?

http://partner-ad.photobucket.com/albums/bb470/Rich_Brasil/yaolaugh.jpg

[Gan]

We still have a little time before the corpse of Greece finally pops its bloated carcass and stinks up the market.

In the meantime you'll see some heavy buying at the discounted prices before it ticks back up again. Only to await the next big thing to push it down again.