In response to:

Embrace the Sequester

madamo Wrote: Feb 22, 2013 9:01 AM
Yah, bad policies, bad legislation. Look around the US is doing better than most of the world right now. Take a look at how well austerity is working in the UK, Spain, other places. In December 2008, after doubling the budget deficit in 8 years fighting wars and giving tax cuts to rich people, the economy lost 700,000 jobs, the most in 26 years in a single month. Banks, automakers were on life support and the stock and housing markets were crashing. Fast forward 5 years. The stock market is near a new high, Automakers are humming, banks are doing fine, and we are creating jobs (About 150k-200k a month). We are producing more oil and nat gas than ever before, and the trade deficit is falling as we import less of it.
Roy323 Wrote: Feb 23, 2013 2:47 PM
madamo--"the stock market is near a new high"--Unfortunately, I have made very LITTLE from my "stock Market" accounts for more than a year (excepting my Non-profit Munies ) MAYBE You are managing my accounts? (JOKE?)
darenda Wrote: Feb 22, 2013 1:38 PM
Kool-Aid drinker! All the issues mentioned are a direct result of Corporatism. Government and Corporations in bed together. Government manipulation and interference in the market is the sole reason for Boom and Bust economies, with all their unintended consequences. Now the seeming instances of growth you site are all dependent on being artificially propped up...by this administration, not because the economy is actually improving. It is not. It will not until the micro-managers and their disastrous, Keynesian mistakes are defeated.
Texas Chris Wrote: Feb 22, 2013 9:14 AM
The DOW is up because of an inflated currency. More dollars chasing the same amount of goods means higher prices.

Automakers are doing well because they got a no-risk "loan" from the government, who stole it from us, the people.

Banks are doing well because they are the defacto middle man for the Federal Reserve's monetization of federal debt.

These things can only be papered over for so long before confidence collapses.
Jerome49 Wrote: Feb 22, 2013 10:24 AM
Excellent response and all true.

Something odd happened a few months ago as I weighed the various aspects of the dreaded Sequester Monster, a creature vilified across party lines.

It is often true that if enough people in government say something is bad, there is a strong chance of redeeming qualities.

So my journey began. The only element of the sequester that bothered me in the least was military cuts. But my friends at the Institute for Policy Innovation properly observe that defense spending will not fall below 2007 levels, which were 75% above pre-9/11Pentagon budgets.

High enough for me? Of course not. I actually want...