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| Watch The Misdirection (Obama .vs. Merkel) in forum [Market-Ticker]
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Swampwoman
Posts: 377
Incept: 2009-12-06
NE Florida
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I do not think that mathematics was ever Obama's strong point. And it's Bush's fault, anyway.
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“A body of men holding themselves accountable to nobody ought not to be trusted by anybody." --Thomas Paine
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Shademan
Posts: 44
Incept: 2009-03-02
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Obama took the gamble that he could band-aid his way to a 2nd term. That gamble is going to fail, and possibly blow up right before the election.
If he had pushed hard to "take the lumps", aka, Iceland....He might have got roasted the first year or two of his presidency, and things would have been really bad. But the country would now be coming out of it, expanding, growing, and Obama would have been able to puff his chest out and truthfully say that what was done was necessary and the economic future is bright.
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Winstonsmith2009
Posts: 1060
Incept: 2009-08-05
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"Welcome to reality Mr. President."
Unfortunately, any slug who may replace him won't be significantly different in any positive way.
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Rbarreira
Posts: 2826
Incept: 2009-05-27
Portugal -> Sweden
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While we're on the misdirection topic, this quote is a bit misleading too: Quote:the overspending, undertaxing periphery I've seen this association between EU periphery and overspending but it is rarely pointed out that many countries not included in the periphery run big deficits as well...
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In Soviet Russia, the government regulates the banks.
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Genesis
Posts: 130798
Incept: 2007-06-26
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That's true -- like, for example, Spain.
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I don't care if it makes sense -- only if it makes money. -- Me
Bank (n): See scam, fraud and theft. Eat a bankster -- they're low-carb.
What part of "shall not be infringed" was unclear?
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Bertdilbert
Posts: 2666
Incept: 2008-12-22
CA
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Why just the other day Obama was doing a speech promising money for the states to retain government union jobs, construction jobs (more union) and homeowner programs.
He was just giving the money away...
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Dear Euroland: Relax, Germany has a plan for your money!
Political Capital Defined: We are out of money but will tax our citizens for whatever it takes to "SAVE" the Euro.
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Firefly76
Posts: 49
Incept: 2011-08-09
Houston TX
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I swear the man thought, or maybe still thinks, that when you become President of the US reality bends to your will. Surprise!!!
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Rufust445
Posts: 661
Incept: 2007-08-11
Emerald City
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Swampwoman wrote..I do not think that mathematics was ever Obama's strong point. ... Nor is it for most Americans, especially lawyers and politicians. Gets in the way of being upbeat, optimistic, and delusional.
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"The stock market isn't bullish, it's bull$hit." -- Alan King
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Poodlelover
Posts: 147
Incept: 2012-02-02
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Obama is doing what all politicians do, just trying to win one more election. Everything else be damned. He cannot be happy about the timing of events right now with the economy, it seems to be particularly souring just in time for the November elections.
Any number of things could happen by then that are bad, few good: stock market more likely down than up by then, unemployment more likely up than down, and Europe could embrace its crisis by then, which will drag the US down as well. Many of these things are out of Obama's control, but it doesn't matter. The voters will let their unhappiness by known and this election like the last a referendum on the ruling power.
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Winstonsmith2009
Posts: 1060
Incept: 2009-08-05
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Watching Obama's economics press conference right now to get some good laughs. I honestly don't think he even knows he's feeding us a line of unadulterated bull.
But one has to wonder what economic crisis is about to occur that his advisors know about that requires a mid-day Friday press conference about the US and Europe economies.
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Marcustullius
Posts: 202
Incept: 2010-06-12
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Regarding mathematics: Hans-Hermann Hoppe wrote..... Again, one can say, of course, that 2 plus 2 is sometimes 4 but sometimes 2 or 5 units, and in observational reality, for lions plus lambs or for rabbits, this may even be true[60], but in the reality of action, in identifying or constructing those units in repetitive operations, the truth that 2 plus 2 is never anything but 4 could not possibly be undone. ...
[60] Examples of this kind are used by Karl Popper to "refute" the rationalist idea of rules of arithmetic being laws of reality. See Karl Popper, Conjectures and Refutations (London: Routledge and Kegan Paul, 1969), p. 211) This quote is from Economic Science and the Austrian Method, page 74. One of the conclusions I drew from this is that Hoppe is probably worth reading further -- and that Karl Popper isn't worth my time. Well, perhaps if I'm in the mood to kill time by reading a particularly cerebral fantasy... Tully
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"It does not require a majority to prevail, but rather an irate, tireless minority keen to set brush fires in people's minds." (Samuel Adams)
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Rbarreira
Posts: 2826
Incept: 2009-05-27
Portugal -> Sweden
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Quote:That's true -- like, for example, Spain. And how did Germany ever get to have a debt-to-GDP ratio bigger than Spain ....
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In Soviet Russia, the government regulates the banks.
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Jhc
Posts: 6
Incept: 2011-10-13
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When will we bring back FASB 157 "Mark to Market" accounting? We don't want any zombie banks around!
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Peterm99
Posts: 4994
Incept: 2009-03-21
SoCal
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Jhc - Just as soon as all money flows from banksters to politicians cease. Don't hold your breath. 
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". . . the Constitution has died, the economy welters in irreversible decline, we have perpetual war, all power lies in the hands of the executive, the police are supreme, and a surveillance beyond Orwell’s imaginings falls into place." - Fred Reed
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Mannfm11
Posts: 3556
Incept: 2009-02-28
DFW, Tx
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The British and French were crying to the US in the 1930's, that we were a shylock country because they borrowed money from us and we wanted to get paid. All the while, holding Germany down and beating its economic brains out. When the bailout is complete, bet the British and French banks still want their money.
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The only function of economic forecasting is to make astrology look respectable.---John Kenneth Galbraith
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Richard112360
Posts: 610
Incept: 2008-02-06
Hooterville
Banned
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Quote:All the pressure may backfire with Merkel, 57, the former physicist who dreamed of traveling in the U.S. when she lived under communism in former East Germany and now has to balance Germans’ bailout fatigue with her goal of preserving the euro.
“The Merkel government is really getting sick of all the complaining and lecturing from the Obama administration,” Fredrik Erixon, head of the European Centre for International Political Economy in Brussels, said by phone. “It’s really infuriating for them to hear someone like Geithner lecturing Europe on what it has to do given all the U.S. problems like the debt and the deficit.” Obama is ****ed and he knows it...... |
