georgia_tech_swagger Wrote:Expansion of the bubble through inflation does not equate to real economic growth.

Here's the real bottom line measure of the economy: How is your purchasing power doing? The answer: steadily plummeting.

So you get to redefine "recession"? Good luck with that.

Seems we're still doing pretty well, even though fuel prices have doubled since the Dems took Congress. We're still posting positive growth. What's that tell you? If gas prices were to start going down, we'd immediately see more positive growth. So, run and tell the GDamn Dems, who INTRODUCE bills, to get to work. The conservatives are trying.

It's not redefining a recession, it's actually looking at REAL numbers, and not the bull**** they feed you.

What the hell difference does it make? What happens when "Recession" is shouted from atop the mountain? What changes? Everything that is done to fix a recession has already been done.

Raider_ATO Wrote:Everything that is done to fix a recession has already been done.

So why do all the presidential candidates, from Hillary, to Obama, to McCain tell us they can fix it? Personally, I think a bad president can ruin an economy and a good one can't fix it.

THE NC Herd Fan Wrote:For the record McCain has made it clear Gramm does not speak for him or share his view of the economy.

Quote:Questioned whether Gramm, who has been rumored as a potential Treasury secretary for McCain, would still have a position in his administration, the GOP candidate underscored his unhappiness with his former colleague's comments without directly answering the question.

I heard him say he was more likely to be named Ambassador to (the equivalent of) Siberia

THE NC Herd Fan Wrote:For the record McCain has made it clear Gramm does not speak for him or share his view of the economy.
How can he share his view, when he has none. He already said he was leaving those decisions up to his advisers.

Quote:John McCain strongly disavowed the comments today of his campaign co-chair and economic adviser, saying Phil Gramm "does not speak for me — I speak for me."

"So, I strongly disagree," McCain told reporters gathered for a press conference that was added to his schedule following a town hall meeting near Detroit at least in part to deal with Gramm's comments that the economy was not in as poor shape as is portrayed.

Questioned whether Gramm, who has been rumored as a potential Treasury secretary for McCain, would still have a position in his administration, the GOP candidate underscored his unhappiness with his former colleague's comments without directly answering the question.

I'm guessing Gramm may soon be out as and advisor.
I doubt it. McSame has been humping his leg for decades now. He said he had a great economic mind.

McCain forcefully rebukes Gramm

Poor Mr. Gramm.
He never saw it coming.

georgia_tech_swagger Wrote:It's not redefining a recession, it's actually looking at REAL numbers, and not the bull**** they feed you.

As I said, I don't disagree with you about the fallicy of the numbers... but you CLEARLY implied that Sen Graham was wrong about us being in a recession and then rebuked someone pointing out that according to the DEFINITION of the word, he was right... using a VERY FAR from official group's definition, rather than the commonly accepted one.

Ask people in the oil industry if we're in a recession... Ask people in Oklahoma if mortgage foreclosures are a problem... and those numbers are JUST as real as anyone elses.

Has your rent/mortgage payment gone up? That is roughly 35% of your income. Have your taxes gone up? That is another roughly 20%. What about your cable, telephone, internet or cell phone bills?

Most food costs and all energy costs are up big, but they are a RELATIVELY small part of the Average American's budget. Unfortunately, we as individuals are operating on such thin margins that 5% inflation (overall) is a killer! People without cars, or who drive little or don't own homes are relatively unaffected by higher oil prices... and there are more of them than you think.

Hambone10 Wrote:

georgia_tech_swagger Wrote:It's not redefining a recession, it's actually looking at REAL numbers, and not the bull**** they feed you.

As I said, I don't disagree with you about the fallicy of the numbers... but you CLEARLY implied that Sen Graham was wrong about us being in a recession and then rebuked someone pointing out that according to the DEFINITION of the word, he was right... using a VERY FAR from official group's definition, rather than the commonly accepted one.

Ask people in the oil industry if we're in a recession... Ask people in Oklahoma if mortgage foreclosures are a problem... and those numbers are JUST as real as anyone elses.

Has your rent/mortgage payment gone up? That is roughly 35% of your income. Have your taxes gone up? That is another roughly 20%. What about your cable, telephone, internet or cell phone bills?

Most food costs and all energy costs are up big, but they are a RELATIVELY small part of the Average American's budget. Unfortunately, we as individuals are operating on such thin margins that 5% inflation (overall) is a killer! People without cars, or who drive little or don't own homes are relatively unaffected by higher oil prices... and there are more of them than you think.

rational analysis....how dare you!

This was the point I was making, many areas of peoples lives the last 10 years have seen cost decrease! Food and Gas are just one area(much of it self-inflicted), ....basically any good that is connected to Free Trade in someway and especially an Industry where the Middle Man is cut out...i.e. Capitalistic forces such as Wal-Mart and Trade have done alot to quell Inflation...the Internet as well of course. Take them out of the picture and what they've accomplished, then high gas prices could result in doomsday......





Oil tripling the last few years is the biggest factor driving the dollar down, there's a correlation. by far the biggest source of the trade defceit(a self-inflicted one), which means we are sending 3 times as much out of the country as we use to be, too big a jump too quick which means we aren't getting the proper return back on it yet....which some of it we don't want.

The real reason GTS hates Phil Graham:
http://en.wikipedia.org/wiki/Phil_Gramm#...ity_career

I45owl Wrote:The real reason GTS hates Phil Graham:
http://en.wikipedia.org/wiki/Phil_Gramm#...ity_career

He's a Gagger too??????

Well no effing wonder! That explains his colossal stupidity.

georgia_tech_swagger Wrote:

Machiavelli Wrote:I think both of you make some good points, but if they are saying inflation is only at 8/10ths of 1 percent. Someone's fudging numbers. Is anyone surprised? That's not partisan either I think Clinton was the guy who took out the Food and Energy factor.

Both parties deceiving the public? YOU DON'T SAY?!

I do say!!!....Both are opposite sides of the same worthless coin.