More "unexpected" bad economic newsFollow

If that's what you think is best.

Duck,

Yes we know you are.

Best not to think about Obameconomy; like most liberal democrats as long as you get your govn cheese you're ok.

Who here, do you think, is on "government cheese"?

Duck,

Yeah presenting the consumer spending numbers is really "grasping".

Well at least we agree on something!

Jophed,

Don't forget Obama is about to raise taxes on everyone. And you're delusional if you think last months economic report was a good one. How's that unemployment rate going for you Democrats?

What's going to be the congressional Democrats slogan this year; vote for me and i'll help Obama raise your taxes?

People spend far too much of their time buying useless crud they dont need anyway imo.

I think the larger point is the media portrayal of this. The media seems to be falling over itself to make everyone believe that the economy is recovering just fine and every thing's going well. This becomes comical when month after month there's recovery but also some negative indicators which always get labeled as "unexpected". This begs the question: "Who's setting the expectations?".

The economic facts are what they are. It's just the constant use of the word "unexpected" to describe any negative economic indicator recently that's funny as hell. I'm not sure who's predictions are being used to establish the expected, but at some point maybe we should just acknowledge that some of those predictions are more wishful thinking than anything else. Wanting something to be a particular way doesn't make it so...

WHY

must you do something like that?!

¬_¬

Honestly though,

¬_¬



Edited, Jun 11th 2010 10:00pm by bsphil

Does this mean you fall in to the camp that says allowing the tax cuts to expire isn't a tax increase or the camp that says it's not Obama's fault?

I'm curious.

If you're that landlord and you rent an apartment at one rate then change the rate years later it'd be a silly claim to say you weren't raising the rent.

Hi, BD. You must be new here. You're under the assumption that I'm some sort of window-licking mongo. Of course they're different. They represent two different segments of the American public and both actually fit in the current climate. Anyone who started paying taxes after the tax cut was implemented essentially rented the apartment at a rate that they didn't anticipate changing. Allowing their rate to rise is not setting it back to where it was before. If the Canadian wants to chime in with one-sided and inaccurate analogies about the American tax code, I'm happy to point out his failings.


If I paid 10% last year and pay 12% this year, and the only change is the tax code, what is the net effect to me? That's right, it's not a trick question. My taxes went up. That's an increase. Now, if you look around the room you should see that there aren't any people in your field of vision who have power over that tax code. It's controlled by Congress and, albeit tangentially, the White House. Here's where it gets tricky, so pay attention. If I have the power to stop something and I don't that makes me culpable for the results via depraved indifference. If Congress and the White House do nothing to prevent the expiration of the tax cuts, they are guilty of raising taxes.

Sit back, take a breath (and maybe an aspirin) and the headache will eventually subside. I can't be sure you'll get it then, but at least you won't have a headache any more.