tag:blogger.com,1999:blog-6251675227852122352.post6085867472854233733..comments2024-01-05T06:18:18.086-05:00Comments on CommentaramaPolitics: This Is The Right Direction?AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comBlogger23125tag:blogger.com,1999:blog-6251675227852122352.post-15935895320545383862010-08-25T21:09:48.325-04:002010-08-25T21:09:48.325-04:00@Stan, LOL! So true, so true!@Stan, LOL! So true, so true!Ednoreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-46679954074936234182010-08-25T17:10:11.329-04:002010-08-25T17:10:11.329-04:00Stan, LOL! We said!You're right of course, Ob...Stan, LOL! We said!<br><br>You're right of course, Obama has easily passed Carter as the most economically inept President we've ever had. 2012 can't come soon enough!AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-68902367863459360002010-08-25T17:00:18.378-04:002010-08-25T17:00:18.378-04:00I was going to call B-B-B-Biden, a blithering idio...I was going to call B-B-B-Biden, a blithering idiot, but then realized how insulting that would be too blithering idiots. These people are an economic train wreck, the likes of which this country has never seen. The pantheon of failed presidents has a new king, and his name will forever be known as Barry the Blundering Bolshevik the America hating Bastard of Hyde Park, IL whose incompetence is truly revealed while sitting next to the number two, Jimmy (the peanut) Carter. God help us gang!StanHhttp://www.blogger.com/profile/07395708786509590321noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-67754615103874243902010-08-25T15:41:06.462-04:002010-08-25T15:41:06.462-04:00DUQ, It does sound like a good year to wait until ...DUQ, It does sound like a good year to wait until the last minute to do any shopping!<br><br>Of course, all that will change as soon as Obama's policies finally kick in and save us all. Yeah, sure.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-5058169645815138792010-08-25T15:34:34.250-04:002010-08-25T15:34:34.250-04:00I heard that Christmas this year was going to be a...I heard that Christmas this year was going to be a big time for deals for anyone who actually has any money. Orders for manufacturers are already in, but people are shopping less and less. Not there are many people left with any extra money!DUQhttp://www.blogger.com/profile/08746724287720239837noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-69700785982045026912010-08-25T14:51:58.163-04:002010-08-25T14:51:58.163-04:00Joel, I think you're right about the blow out....Joel, I think you're right about the blow out.<br><br>History says that it's hard to maintain the kind of anger it takes to get a blow out. BUT.... these guys just won't stop stoking the anger.<br><br>We might be in a depression, it's hard to tell until it's over. One thing is for sure, they've done everything they could to make it happen.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-72070540433437067622010-08-25T14:37:55.448-04:002010-08-25T14:37:55.448-04:00Right direction? An economist is saying we are cau...Right direction? <br><br>An economist is saying we are caught in Depression, not a Recession. <br><br>http://www.cnbc.com/id/38831550<br><br>I guess Biden forgot to send out the memo. <br><br>Andrew,<br><br>This November is going to be a blowout and I can feel the anger now. It is getting palpable.Joel Farnhamhttp://www.blogger.com/profile/15856960977033430002noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-18340519754898995742010-08-25T14:06:28.119-04:002010-08-25T14:06:28.119-04:00Thanks Mjolnir! Good analogy to diabetes and abso...Thanks Mjolnir! Good analogy to diabetes and absolutely right. Being higher than normal does a little damage every day, but going low can do serious damage very quickly that just keeps getting worse.<br><br>I agree with you about Obama. His whole presidency would be funny if it weren't happening to our country. There is no reason that we need to go down this path of falling employment and wealth, but Obama and the Democrats need to see beyond their ideology to understand that. And I don't think they're capable of doing that.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-69056520428970186862010-08-25T13:54:10.688-04:002010-08-25T13:54:10.688-04:00Great explanation about deflation, AP...just like ...Great explanation about deflation, AP...just like in diabetics, a slight spill over the norm, (inflation), is easier and safer to deal with then their glucose level crashing through the floor...<br><br>Scary times, pal. It would be funny, if it weren't SO dangerous...Mjolnirhttp://www.blogger.com/profile/13312123829504559101noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-89262656526343611542010-08-25T12:39:43.177-04:002010-08-25T12:39:43.177-04:00Lawhawk, Biden is so awful, that I honestly someti...Lawhawk, Biden is so awful, that I honestly sometimes wonder if he isn't trying to sabotage their side. But then, his whole history tell us that he's just an idiot.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-11714720883669893372010-08-25T12:38:34.256-04:002010-08-25T12:38:34.256-04:00Writer X, You and me both. They like to claim tha...Writer X, You and me both. They like to claim that he's just acting the part of the "attack dog" for the administration, but there's a huge difference between attacking and fantasizing, and Biden is clearly in fantasy land.<br><br>Plus, his verbal gaffes are priceless!AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-73207559948889172010-08-25T12:37:39.840-04:002010-08-25T12:37:39.840-04:00Andrew: I got to watch repeats of Biden defending...Andrew: I got to watch repeats of Biden defending the indefensible at least four times last night and this morning. I can't help thinking he may just be our secret weapon. Explaining why Obama's policies don't work isn't easy for a normal person. Biden makes them simple, and throws in "crazy" for good measure.LawHawkRFDhttp://www.blogger.com/profile/17800255923675295515noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-54065843991284472592010-08-25T12:27:30.158-04:002010-08-25T12:27:30.158-04:00Biden is obviously spending too much time (or not ...Biden is obviously spending too much time (or not enough?) in his undisclosed, underground bunker. I love it when they let him out!Writer Xnoreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-86346759029439379342010-08-25T12:14:46.587-04:002010-08-25T12:14:46.587-04:00Well, it is what it is Ed, it's hard to sugarc...Well, it is what it is Ed, it's hard to sugarcoat. In fact, I've been wondering what I could have written to try to present a picture that things are going well, and I honestly can't think of anything to put on the list.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-87504728938260713552010-08-25T11:57:28.541-04:002010-08-25T11:57:28.541-04:00You paint a pretty picture of disaster Andrew. Bl...You paint a pretty picture of disaster Andrew. Blech!Ednoreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-21283454006387321002010-08-25T11:48:32.483-04:002010-08-25T11:48:32.483-04:00Crispy, Yes, that's the problem with deflation...Crispy, Yes, that's the problem with deflation because it creates incentives that keep people from consuming or producing, so the economy basically grinds to a halt.<br><br>That's why governments are so terrified of deflation.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-90246064502169557072010-08-25T11:43:58.748-04:002010-08-25T11:43:58.748-04:00Thanks, Andrew. So deflation just grinds everythi...Thanks, Andrew. So deflation just grinds everything to a halt, and no one has any incentive to get things moving again. That makes sense.CrispyRicehttp://www.blogger.com/profile/07302075204880024936noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-88476255240890623182010-08-25T11:39:52.837-04:002010-08-25T11:39:52.837-04:00Cripsy, Let me add why deflation is bad.The proble...Cripsy, Let me add why deflation is bad.<br><br>The problem with deflation is that consumers have no incentive to buy because they know if they wait, things will get cheaper, AND business has no incentive to make anything because they don't know that they can sell it for a profit because the prices keep dropping.<br><br>That also means business stops hiring because it doesn't know if it can afford its labor force. So unemployment rises.<br><br>Also, since business usually can't cut salaries as quickly as prices fall, many businesses will go out of business.<br><br>Inflation doesn't cause any of these problems, it just cuts your "real income" -- the amount it feels like you have. But deflation can wreck an economy because it causes a spiral effect.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-91366950769887196872010-08-25T11:35:29.554-04:002010-08-25T11:35:29.554-04:00Thanks Crispy. I'm glad you enjoyed it, even ...Thanks Crispy. I'm glad you enjoyed it, even if it is bad news.<br><br>Let me add, by the way, I have tremendous faith in the American economy. The problem right now is the idiots who are tinkering with it.<br><br>In terms of deflation, that is the concern right now among most knowledgeable observers. Partly, this is because we have seen zero inflation even though we've spent so much that inflation should be through the roof. In fact, these are the same circumstances Japan went through for a decade in the 1990s, and we went through during part of the Great Depression.<br><br>Do I think we're going to have deflation? I think it's unlikely. I think people are misreading the signals. People think that because no one is hiring at the moment, that must be evidence of deflation. I think it's more a matter of uncertainty about the Democrats and what they plan to do with taxes and regulation. Beyond that, commodity prices remain high and housing prices aren't even falling all that much anymore, and nothing in the consumer world is getting cheaper. So I would say no, it's not happening.AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-28347022771712259082010-08-25T11:29:04.645-04:002010-08-25T11:29:04.645-04:00Oh, and I wanted to ask you (since you seem pretty...Oh, and I wanted to ask you (since you seem pretty smart) -- I read an article yesterday where they were predicting deflation rather than inflation. Can you interpret the for us non-economically-inclined among us? Is that likely to happen and what would that mean in terms of the state of the union and my pocketbook?CrispyRicehttp://www.blogger.com/profile/07302075204880024936noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-82342848383513498602010-08-25T11:27:12.138-04:002010-08-25T11:27:12.138-04:00LOL @ "the adults are about to take over the ...LOL @ "the adults are about to take over the government again."<br><br>Nice summation, as always, Andrew. It would be fascinating to watch this unravel, if it weren't reality!! As it is, ohhhhh crud. Ugh.CrispyRicehttp://www.blogger.com/profile/07302075204880024936noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-89824583964814055072010-08-25T11:08:19.977-04:002010-08-25T11:08:19.977-04:00Jed, That could be! LOL! Maybe that is what Joe ...Jed, That could be! LOL! Maybe that is what Joe meant -- "the adults are about to take over the government again."AndrewPricehttp://www.blogger.com/profile/11312364467936820986noreply@blogger.comtag:blogger.com,1999:blog-6251675227852122352.post-30991509041879487622010-08-25T09:50:45.620-04:002010-08-25T09:50:45.620-04:00i think you mistook the cfontext of the statement,...i think you mistook the cfontext of the statement, andrew. i believe he meant the polls and fall election trends were moving in the right direction, and i would agree. if it is true and november plays out as hoped, the country will indeed be moving in the right direction! :)Tennessee Jedhttp://www.blogger.com/profile/10604275115906776992noreply@blogger.com