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This Whole Debt Limit Thing

Who has been the most unreasonable on this whole debt limit thing?

  • Congressional Democrats

    Votes: 11 6.2%

  • Congressional Republicans

    Votes: 139 78.1%

  • Obama

    Votes: 10 5.6%

  • They have all been equally unreasonable.

    Votes: 18 10.1%
  • Total voters
    178
  • Poll closed .
DeathDart said:
Just by using Heritage.org you are giving yourself away.
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So you want to claim all those sources are wrong that after the first Bush Tax cut we had 3 quarters of 2% average Real GDP growth (this is following the internet boom collapse/recession, and 9/11)?

So you want to claim all those sources are wrong in agreeing that after the second Bush Tax cut we saw about 10 quarters of 3-3.5% average Real GDP growth?

LOL!

Tell me DD, do you also want to join RF in claiming that there is Real GDP "before the deflator" and Real GDP "after the deflator"? How irrational a Bush hater are you? Hmmmmm? :D
 
Just by using Heritage.org you are giving yourself away.

BeAChooser said:
So you want to claim .......How irrational a Bush hater are you? Hmmmmm? :D
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Apparently the libtards of the left think that someone with a conservative inclination should politely keep such a leaning in the closet.

Shame on you, BAC! You blundered and revealed....

you are a....

FISCAL CONSERVATIVE!!!!
 
BenBurch said:
There are very few sources he posts where the source says anything like what he purported it did.
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LIAR. Every one of the links I provided showed what I claimed.

Which is why in the end RandFan decided to flee the field of battle.

And tell us, BB, do you believe in the way RF applied the deflator to Real GDP?

Hmmmmm? :D
 
BenBurch said:
There are very few sources he posts where the source says anything like what he purported it did.
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There were a number of problems with his charts. Including failure to adjust for inflation (his charts ignore the deflator). That's a big NO NO. He tried to make it out that it was I who didn't adjust. Hell, my numbers USED the deflator.

That's why it was like pulling teeth to get him to post his numbers when I posted mine, ALL OF THEM, from the start.

The last I saw his posts he was still refusing to adjust for inflation. Here's a hint, GDP can go up but actually go down if the increase is the result of inflation.
 
RandFan said:
There were a number of problems with his charts. Including failure to adjust for inflation (his charts ignore the deflator).
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LOL! RF proves, once again, that he has no clue how REAL GDP (which is what all my charts showed) is defined.

Here, let me help him ... should he peek at my posts some more. Or perhaps one of his *admirers* can pass this on. :D

http://www.investopedia.com/terms/r/realgdp.asp "What Does Real Gross Domestic Product (GDP) Mean? An inflation-adjusted measure"

http://www.investorglossary.com/real-gdp.htm "Real GDP is gross domestic product in constant dollars. In other words, it is a nation's total output of goods and services, adjusted for price changes. ... snip ... Note that real GDP is also known as constant-price GDP and inflation-corrected GDP."

http://www.investorwords.com/5949/real_GDP.html "Real GDP - The number reached by valuing all the productive activity within the country at a specific year's prices. When economic activity of two or more time periods is valued at the same year's prices, the resulting figure allows comparison of purchasing power over time, since the effects of inflation have been removed by maintaining constant prices."

http://www.answers.com/topic/real-gdp "Real Gross Domestic Product (GDP) "An inflation-adjusted measure that reflects the value of all goods and services produced in a given year, expressed in base-year prices."

And just to prove that the charts I linked (and that RF refused to look at) all had the words "Real GDP" on them or said "adjusted for inflation". Take a look folks because here they are again:

http://www.econedlink.org/lessons/images_lessons/821_em821_figure11.jpg

http://www.google.com/imgres?q=real...Lc8TrjID4fYiAL70-DDBg&zoom=1&biw=1024&bih=690

http://www.fin.gc.ca/ec2006/images/ecc1_1e.gif

http://www.economicshelp.org/blog/wp-content/uploads/2009/02/us-growth-2009.jpg

http://www.imf.org/external/np/speeches/2005/images/chart02.gif

http://businomics.typepad.com/photos/uncategorized/gdp_1.jpg

http://bigpicture.typepad.com/comments/images/2008/07/31/real_gdp_q2_08.gif

http://www.heritage.org/static/reportimages/60893E6264A8F9D6A81935B8AD5171C3.gif?w=360&h=331&as=1

http://www.reedconstructiondata.com/images/site_assets2/U.S_.real-gdp-q2-10_.gif (notice the link states that shows Real GDP)

http://www.fin.gc.ca/ec2008/images/ecc1_5-eng.gif

http://www.marketoracle.co.uk/images/2009/July/us-dgp-1-1.gif

http://www.taintedalpha.com/wp-content/uploads/2010/08/TaintedAlpha.com-U.S.-GDP-30082010.gif

http://4.bp.blogspot.com/_up3_ViopR...FTdvcB0/s1600/US_Annual_GDP_Contributions.png

As you can see every one shows inflation adjusted GDP ... REAL GDP.

So what is RF? Clueless ... or just a liar? :D
 
Solitaire said:
Honestly, for quite some time now I've been thinking about making a killing when a market blowout takes out BAC by executing a contract, but I don't understand how it works. I wish there was an explanation of how stock market options work with an example of all the costs involved – payments, fees, taxes, and any rules that say you cannot collect in case of a governmental collapse – but I haven't found one – way too many advertisements for brokerages getting into the search results. Of course it doesn't just have to be a big bank. I'm sure there are a lot of companies more dependent upon the government payments that'll drop in price after a default, but then again, I don't know which companies might have payment problems.
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Aw! Hell! I didn't mean now!
I meant when I had some money and an understanding of how options work....

 
daredelvis said:
Part of the Teapublican party's strategy here is keep the economy in the crapper until November 2012, and try to pin the blame on the Democrats.
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I've no doubt. In the end politics is about winning and not the bottom line. It's why Republicans pull out wins when Dems are caught flat footed. The Dems can and do play politics and at times they can be shrewd (I'm looking at you Bill Clinton) but the Republicans are truly the masters.
 
Solitaire said:
Aw! Hell! I didn't mean now!
I meant when I had some money and an understanding of how options work....

http://www.internationalskeptics.com/forums/imagehosting/154bf82d24466bc.gif
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It's legalized gambling,

Going Long: If you think the price of a commodity is going to go up on Friday and today is Monday then agree to buy it at today's price and sell it on Friday at that price. Your risk is what you pay for Monday's price.

Going Short If you think the price of a commodity is going to down on Friday and today is Monday then agree to buy it at Friday's price and sell it on Friday at Monday's price. Your risk is infinite since you have no way to know what your ultimate cost will be and what you receive for your effort could be as low as zero (theoretically).

The risk is even greater if you leverage.

If you go long and don't leverage (buy more than you have money to buy) then your risk is only the price of the commodity.

If you go short or leverage and the market doesn't go your way you will have to meet a margin call or your stocks will be forfeited.
 
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A portfolio balanced in commodities can not and will not lose and, in this environment, is the closest thing to a sure thing and security for the next year at least.
 
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RandFan said:
And poker is an entertaining and fun game when played properly.
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See, this is how it is SUPPOSED to work;


I own the Dandruff Flour Company.

I know that next year I will need 250,000 bushels of wheat.

Right now wheat is $2.25 a bushel, but I am signing contracts for flour for next year, and if wheat rises too far, I will lose money.

I could buy that wheat now, and pay for storage, and the storage fees become my insurance against rising prices.

But I can also buy an option for a year from now on the wheat I need at the price I need it at.

When the time comes, I can exercise that option, and have my wheat at the price agreed to now. Or, if wheat falls enough below current prices that its cheaper to buy at market even with loss of the option prices, then I do that.

I have limited my upside risk without substantially damaging my ability to make money on a market dip.

Win-Win.

Used like this it is insurance.
 
BenBurch said:
See, this is how it is SUPPOSED to work;


I own the Dandruff Flour Company.

I know that next year I will need 250,000 bushels of wheat.

Right now wheat is $2.25 a bushel, but I am signing contracts for flour for next year, and if wheat rises too far, I will lose money.

I could buy that wheat now, and pay for storage, and the storage fees become my insurance against rising prices.

But I can also buy an option for a year from now on the wheat I need at the price I need it at.

When the time comes, I can exercise that option, and have my wheat at the price agreed to now. Or, if wheat falls enough below current prices that its cheaper to buy at market even with loss of the option prices, then I do that.

I have limited my upside risk without substantially damaging my ability to make money on a market dip.

Win-Win.

Used like this it is insurance.
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And I own Dirt Farms Inc., which grows wheat, and I use the same option as insurance against fluctuation of the price at which I sell the wheat to you. Win-Win-Win, technically.
 
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