Comments on: The First Annual George Bush & Government, Inc. Bashing Post http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/ I'm the Ghost of Christmas Past! Mon, 01 Dec 2008 16:52:32 +0000 http://wordpress.org/?v=2.6.3 By: Jeremy Clifton http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-327 Jeremy Clifton Thu, 22 May 2008 21:09:11 +0000 http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-327 For better or worse I think we have been in a recession at least since the beginning of the year. I know, I know, definitions ... Yes, the government will probably screw it up. They've already made bad moves (via the Fed) by bailing out Bear Stearns and doing all sorts of crazy things to play shell games with the huge amount of bad debt floating out there. And ... they are busy trying to get people to spend, spend, spend ... when we'd be better off to take our bitter medicine and let the economy contract to at least a more reasonable level. It may be short though ... but I fear we're just pushing our day of reckoning back, and when it comes, it will be hellacious. Everybody knows I'm the most educated and correct economist on the planet (living or dead) so I'm absolutely right. :-) P.S. I did praise President Bush the other day for saying he'd veto the House's braindead idea to let the Dept. of Justice sue OPEC under our anti-trust laws. As one of my profs at Southeastern said (in a serious example of mixing metaphors) ... "That brick won't hunt!" For better or worse I think we have been in a recession at least since the beginning of the year. I know, I know, definitions …

Yes, the government will probably screw it up. They’ve already made bad moves (via the Fed) by bailing out Bear Stearns and doing all sorts of crazy things to play shell games with the huge amount of bad debt floating out there. And … they are busy trying to get people to spend, spend, spend … when we’d be better off to take our bitter medicine and let the economy contract to at least a more reasonable level.

It may be short though … but I fear we’re just pushing our day of reckoning back, and when it comes, it will be hellacious.

Everybody knows I’m the most educated and correct economist on the planet (living or dead) so I’m absolutely right. :-)

P.S. I did praise President Bush the other day for saying he’d veto the House’s braindead idea to let the Dept. of Justice sue OPEC under our anti-trust laws. As one of my profs at Southeastern said (in a serious example of mixing metaphors) … “That brick won’t hunt!”

]]> By: bbaldowski http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-323 bbaldowski Wed, 21 May 2008 11:54:55 +0000 http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-323 Well I guess the economy may be going into a recession. But everything I have heard says it will be a short one. As long as congress doesn't screw it up, which is quite likely. Well I guess the economy may be going into a recession. But everything I have heard says it will be a short one. As long as congress doesn’t screw it up, which is quite likely.

]]> By: bbaldowski http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-311 bbaldowski Tue, 29 Apr 2008 19:49:13 +0000 http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-311 You can make fun of the president all you want. I am just concerned that all the bubbles I talked about are going to burst at one time. Then the depression that happens after that will make the 1930's look prosperous. The market can handle one, maybe two bubbles bursting but four or five will sweep way too many people into it's wake and destroy us as a nation. P.S. I am playing a game called Civilization and Abraham Lincoln is the leader of the Americans. Guess waht he starts out as... A despot. Thought you would enjoy that. You can make fun of the president all you want.
I am just concerned that all the bubbles I talked about are going to burst at one time. Then the depression that happens after that will make the 1930’s look prosperous. The market can handle one, maybe two bubbles bursting but four or five will sweep way too many people into it’s wake and destroy us as a nation.
P.S. I am playing a game called Civilization and Abraham Lincoln is the leader of the Americans. Guess waht he starts out as… A despot. Thought you would enjoy that.

]]> By: Jeremy Clifton http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-309 Jeremy Clifton Fri, 25 Apr 2008 04:07:19 +0000 http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-309 Aw, come one. Let me have some fun at the president's expense. Everybody else does ... Seriously ... as far as I'm concerned a recession is a depression is a slowdown. Trying to differentiate between them is pretty pointless. It just means the economy is adjusting from poor investments, etc. Oh, I can't resist ... is there such thing as a "good Federal Reserve desision"? (Yes, I know ... I did say Volker made the right decision by hiking interest rates in the late seventies.) Aw, come one. Let me have some fun at the president’s expense. Everybody else does …

Seriously … as far as I’m concerned a recession is a depression is a slowdown. Trying to differentiate between them is pretty pointless. It just means the economy is adjusting from poor investments, etc.

Oh, I can’t resist … is there such thing as a “good Federal Reserve desision”? (Yes, I know … I did say Volker made the right decision by hiking interest rates in the late seventies.)

]]> By: bbaldowski http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-308 bbaldowski Thu, 24 Apr 2008 12:36:53 +0000 http://www.four-eight-four.org/2008/04/23/the-first-annual-george-bush-government-inc-bashing-post/#comment-308 This is the First Annual Debate of Economics... A recession and slowdown are different in economic terms. I will not debate which one we are in now, I haven't looked at the numbers closly enough. But a slowdown is more a lower than normal growth of the economy. A recession is negative growth of the economy. These are a little over simplified. As far as I can tell the economy is still growing but not as fast as it has in the past. It seems this is due to several factors. I beleive over speculation may be the cause, as well as bad Federal Reserve decisions. A point I heard was the fact that, for example, there is no shortage in the supply of oil but over speculation of the oil market is the cause for high gas prices. I don't blame people for wanting to make money or suppliers for selling it for as much as they can get for it. This market is ripe for a major correction and some people are going to lose alot of money when it goes bust. It seems there are several markets that are in this situation. We may have three or four markets go bust at one time instead of the normal one, like the internet bust of the late 1990's early 2000's. This is the First Annual Debate of Economics…
A recession and slowdown are different in economic terms. I will not debate which one we are in now, I haven’t looked at the numbers closly enough. But a slowdown is more a lower than normal growth of the economy. A recession is negative growth of the economy. These are a little over simplified. As far as I can tell the economy is still growing but not as fast as it has in the past. It seems this is due to several factors. I beleive over speculation may be the cause, as well as bad Federal Reserve decisions. A point I heard was the fact that, for example, there is no shortage in the supply of oil but over speculation of the oil market is the cause for high gas prices. I don’t blame people for wanting to make money or suppliers for selling it for as much as they can get for it. This market is ripe for a major correction and some people are going to lose alot of money when it goes bust. It seems there are several markets that are in this situation. We may have three or four markets go bust at one time instead of the normal one, like the internet bust of the late 1990’s early 2000’s.

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