The results of Obamanomics
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #25 on: April 01, 2011, 04:03:01 PM »

Also, you have suggested NOTHING about securing the border other than criticisms of each and every effort in that area.  So, please provide your example of border security you supposedly support.

To begin with, your emphasis is in the wrong place CARL.  If we're going to get control of the borders, our primary focus needs to be not on fences and the like, but on dealing with the reasons why people want to cross the border illegally in the first place.

1. Employment
An expanded and improved E-Verify system along with an improved passport-quality Social Security Card.  While the government had liked to pretend that Social Security Cards and Numbers aren't to be used for purposes of identification, that ship has long past sailed from port.  That'll help deal with the cheats, but we also need to considerably expand legal immigration, both permanent and temporary.  For instance, I'd like to see the number of professions and people for which a TN visa can be obtained considerably increased.  For example, the Teamsters wouldn't like it, but a TN visa for Mexican or Canadian truck drivers that meet the standards required to obtain a CDL would be fine with me.

2. Drugs
My concern here isn't what happens at the borders, but if we had a rational drug policy, we'd eliminate a lot of the demand for smuggling.  To be clear, marijuana, opiates, and cocaine should be legalized for adult usage just as alcohol and tobacco.  The common denominator for all five drugs is that they originate as agricultural products and require more draconian laws than any free society is willing to impose in order to control by use of law enforcement.  Hence, other means of addressing the problems caused by those drugs are more effective.

Legalizing them deprives organized crime in this country of one of its more lucrative sources of income, and deprives overseas groups we oppose such as the FARC and the Taliban of that source of funds as well.  The effect on the borders of reduced smuggling is secondary.

Another side benefit of cocaine legalization is that it should lead to reduced demand for methamphetamine as well, since the two are similar in their effects (but not entirely the same).

Will what I propose deal with every problem the border has?  Of course not, I don't offer utopian dreams.  There are still persons and items we'll want to keep from crossing the border, but by offering a legal avenue for those it makes no sense to attempt to keep from crossing, we can more easily deal with the residue we don't want.
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CARLHAYDEN
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« Reply #26 on: April 04, 2011, 10:35:03 AM »

Also, you have suggested NOTHING about securing the border other than criticisms of each and every effort in that area.  So, please provide your example of border security you supposedly support.

To begin with, your emphasis is in the wrong place CARL.  If we're going to get control of the borders, our primary focus needs to be not on fences and the like, but on dealing with the reasons why people want to cross the border illegally in the first place.

1. Employment
An expanded and improved E-Verify system along with an improved passport-quality Social Security Card.  While the government had liked to pretend that Social Security Cards and Numbers aren't to be used for purposes of identification, that ship has long past sailed from port.  That'll help deal with the cheats, but we also need to considerably expand legal immigration, both permanent and temporary.  For instance, I'd like to see the number of professions and people for which a TN visa can be obtained considerably increased.  For example, the Teamsters wouldn't like it, but a TN visa for Mexican or Canadian truck drivers that meet the standards required to obtain a CDL would be fine with me.

2. Drugs
My concern here isn't what happens at the borders, but if we had a rational drug policy, we'd eliminate a lot of the demand for smuggling.  To be clear, marijuana, opiates, and cocaine should be legalized for adult usage just as alcohol and tobacco.  The common denominator for all five drugs is that they originate as agricultural products and require more draconian laws than any free society is willing to impose in order to control by use of law enforcement.  Hence, other means of addressing the problems caused by those drugs are more effective.

Legalizing them deprives organized crime in this country of one of its more lucrative sources of income, and deprives overseas groups we oppose such as the FARC and the Taliban of that source of funds as well.  The effect on the borders of reduced smuggling is secondary.

Another side benefit of cocaine legalization is that it should lead to reduced demand for methamphetamine as well, since the two are similar in their effects (but not entirely the same).

Will what I propose deal with every problem the border has?  Of course not, I don't offer utopian dreams.  There are still persons and items we'll want to keep from crossing the border, but by offering a legal avenue for those it makes no sense to attempt to keep from crossing, we can more easily deal with the residue we don't want.

In short, there is not a single instance you can cite on supporting border security!

Not surprised.
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opebo
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« Reply #27 on: April 04, 2011, 11:20:38 AM »

Carl Heydan, $4.00/gallon gas is the norm when the economy is not in severe freefall, as we have come to accept over the last decade.  If China, India, and the rest are growing as normal, and the US and Japan are in stasis as normal, and the EU growing very slightly, as normal, there will be an extremely tight supply of oil.  This has nothing to do with Obama, and everything to do with the fact that this is simply the normal price of a scare commodity (and it will get more expensive).

Regarding 'inflation' - we're still in severe deflation in the US.  Haven't you notice that the price of  housing is still plummeting?  This is far more significant than the price of a loaf of bread. 
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True Federalist (진정한 연방 주의자)
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« Reply #28 on: April 05, 2011, 05:02:32 AM »

CARL, while we seem to have somehow gotten to discussing Obamanomics in your border security thread, and vice versa, I'm going to return my discussion at least to their proper threads.

As will become evident in the coming month, Jeffery Bell LIED!

You believe the most pathetic lies, as long as they come from Obama administration officials.

If you're going to rant, could you at least rant coherently?  I don't know who this Jeffery Bell is, nor did a quick google find anyone relevant.  As for Jeffrey Self (the article you linked to misspelled his name, which I discovered while googling to find out who he is in more detail) who I presume is who you meant to refer to, he's a 21-year veteran of the Border Patrol and while definitely a bureaucrat who had spent six years in Washington before being tapped late last year to head up the newly-formed Joint Field Command, he's not an Obama political appointee, but still in the civil service.

(link - Arizona Daily Star article about him taking command of the JFC which gives some good background info on Jeffrey Self.)

I realize that you are unable to disagree with Obama.

I also realize that you will disagree with me on everything simply to be what you are.

This could create quite the paradox for TF if you ever agree with Obama on anything.

Not much chance about that, Jas.  I don't think CARL will ever agree with Obama.  The way I knew for certain that the March jobs report, while being anemic and still not sufficient, was still something that couldn't be considered bad news was that CARL didn't choose to make any comments on it about how it showed Obama is a failure as president.
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CARLHAYDEN
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« Reply #29 on: April 12, 2011, 07:34:02 PM »

April 12, 2011
G.D.P. Estimate for First Quarter Slides
By CATHERINE RAMPELL

In the article Macroeconomic Advisers revises it 2011 growth projection downward from 4.1% (made three months ago) to 1.5%.

http://economix.blogs.nytimes.com/2011/04/12/g-d-p-forecast-for-first-quarter-slides/
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CARLHAYDEN
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« Reply #30 on: April 12, 2011, 07:42:45 PM »

Inflation Actually Near 10% Using Older Measure

Tuesday, 12 Apr 2011

By: John Melloy
Executive Producer, Fast Money

Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.

http://www.cnbc.com/id/42551209
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CARLHAYDEN
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« Reply #31 on: April 12, 2011, 07:58:20 PM »

US lacks credibility on debt, says IMF

By Chris Giles and James Politi in Washington

April 12 2011

The US lacks a “credible strategy” to stabilise its mounting public debt posing a small but significant risk of a new global economic crisis, says the International Monetary Fund.

http://www.ft.com/cms/s/0/dc1aadea-652e-11e0-b150-00144feab49a.html#axzz1JMOiIDTD
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Bacon King
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« Reply #32 on: April 13, 2011, 07:51:59 AM »

Inflation Actually Near 10% Using Older Measure

Tuesday, 12 Apr 2011

By: John Melloy
Executive Producer, Fast Money

Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.

http://www.cnbc.com/id/42551209

This article is far too full of hype.

Looking at the article's source, you'll see pre-1980 CPI methodology has placed the inflation rate above 8% since 1996, excepting only 2009. If anything, this means that US inflation has returned to a "healthy" level as it finally gets out of the recession.
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CARLHAYDEN
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« Reply #33 on: April 13, 2011, 07:57:17 AM »

Inflation Actually Near 10% Using Older Measure

Tuesday, 12 Apr 2011

By: John Melloy
Executive Producer, Fast Money

Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.

http://www.cnbc.com/id/42551209

This article is far too full of hype.

Looking at the article's source, you'll see pre-1980 CPI methodology has placed the inflation rate above 8% since 1996, excepting only 2009. If anything, this means that US inflation has returned to a "healthy" level as it finally gets out of the recession.

Spoken like a true follower of Obamanomics.

"Healthy" inflation?!?  ROTFLMAO

You really should emulate Obepo in style (you already do in substance).  He is at least comical.
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Bacon King
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« Reply #34 on: April 13, 2011, 08:16:54 AM »

Inflation Actually Near 10% Using Older Measure

Tuesday, 12 Apr 2011

By: John Melloy
Executive Producer, Fast Money

Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter.

http://www.cnbc.com/id/42551209

This article is far too full of hype.

Looking at the article's source, you'll see pre-1980 CPI methodology has placed the inflation rate above 8% since 1996, excepting only 2009. If anything, this means that US inflation has returned to a "healthy" level as it finally gets out of the recession.

Spoken like a true follower of Obamanomics.

"Healthy" inflation?!?  ROTFLMAO

You really should emulate Obepo in style (you already do in substance).  He is at least comical.

Do you understand basic economics? An increase in inflation necessarily occurs when the aggregate demand curve shifts rightward, i.e., what happens when the United States gets out of recession. And for the record, the current inflation rate (2.1% under current definitions) is right at the lowest points that it reached under George W. Bush's presidency. Just saying.
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CARLHAYDEN
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« Reply #35 on: April 13, 2011, 08:35:31 AM »

Apparently you don't have any conception of economics.

"health" inflation.

You are hysterical.
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Bacon King
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« Reply #36 on: April 13, 2011, 03:19:48 PM »

Apparently you don't have any conception of economics.

"health" inflation.

You are hysterical.

Do you not understand economics? Sleep through the lesson on the Phillips curve?
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CARLHAYDEN
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« Reply #37 on: April 14, 2011, 01:38:55 AM »

Apparently you don't have any conception of economics.

"health" inflation.

You are hysterical.

Do you not understand economics? Sleep through the lesson on the Phillips curve?

I repeat, you apparently have no understanding of economics.

I have among my treasures an autographed copy of Socialism by Ludwig von Mises (he signed it for me personally).

I have interviewed the (then) head of the Mount Pelerin society.

I have had many talks with the Friedman son (David).

You, on the other hand, keep spouting collectivist nonsense.
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Bacon King
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« Reply #38 on: April 14, 2011, 03:21:12 AM »

Haha, collectivist nonsense? Whatever you say.

Since it seems to be more to your fancy, let's explain it in terms of Monetarist Theory: Milton Friedman's K-percent rule. Studies in the Quantity Theory of Money, 1956. Yes?

Very jealous of the Mises autograph, btw.
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CARLHAYDEN
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« Reply #39 on: April 14, 2011, 03:29:25 AM »

Haha, collectivist nonsense? Whatever you say.

Since it seems to be more to your fancy, let's explain it in terms of Monetarist Theory: Milton Friedman's K-percent rule. Studies in the Quantity Theory of Money, 1956. Yes?

Very jealous of the Mises autograph, btw.

You really should read more carefully.

Milton Friedman was an exponent of consistent monetary policy, NOT an proponent of inflation.

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Grumpier Than Uncle Joe
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« Reply #40 on: April 14, 2011, 08:15:53 AM »

You, on the other hand, keep spouting collectivist nonsense.

I would love to hear the nonsense and whining that spouts out of your radio show. What station.....I'm sure they do live streaming.
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CARLHAYDEN
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« Reply #41 on: April 14, 2011, 08:17:58 AM »

Jobless Claims Unexpectedly Rise; Inflation Pressure Grows

Thursday, 14 Apr 2011

By: Reuters

New claims for unemployment benefits unexpectedly rose last week, bouncing back above the key 400,000 level, while core producer prices climbed faster than expected in March, government reports showed on Thursday.

http://www.cnbc.com/id/42586453
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Bacon King
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« Reply #42 on: April 14, 2011, 11:50:59 AM »

Haha, collectivist nonsense? Whatever you say.

Since it seems to be more to your fancy, let's explain it in terms of Monetarist Theory: Milton Friedman's K-percent rule. Studies in the Quantity Theory of Money, 1956. Yes?

Very jealous of the Mises autograph, btw.

You really should read more carefully.

Milton Friedman was an exponent of consistent monetary policy, NOT an proponent of inflation.


Exactly. Basic monetary theory states that the money supply should be increased at a constant, steady rate, tied to the long-term average GDP growth, completely ignoring the business cycles. Now, if average long term growth is 3% per year but the economy's in a boom and not growing, what will happen? Short term inflation! And monetarists do recognize that there is still a short term trade-off between inflation and unemployment. So, in summation, basic monetary theory as advocated by M. Friedman directly implies that an expected level of mild inflation ought to be occurring in an economic bust. Nothing countercyclical or intentionally orchestrated by the central bank, mind you, just a natural byproduct of Monetarist philosophy.
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CARLHAYDEN
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« Reply #43 on: April 14, 2011, 07:45:24 PM »

Haha, collectivist nonsense? Whatever you say.

Since it seems to be more to your fancy, let's explain it in terms of Monetarist Theory: Milton Friedman's K-percent rule. Studies in the Quantity Theory of Money, 1956. Yes?

Very jealous of the Mises autograph, btw.

You really should read more carefully.

Milton Friedman was an exponent of consistent monetary policy, NOT an proponent of inflation.


Exactly. Basic monetary theory states that the money supply should be increased at a constant, steady rate, tied to the long-term average GDP growth, completely ignoring the business cycles. Now, if average long term growth is 3% per year but the economy's in a boom and not growing, what will happen? Short term inflation! And monetarists do recognize that there is still a short term trade-off between inflation and unemployment. So, in summation, basic monetary theory as advocated by M. Friedman directly implies that an expected level of mild inflation ought to be occurring in an economic bust. Nothing countercyclical or intentionally orchestrated by the central bank, mind you, just a natural byproduct of Monetarist philosophy.

You seem to not comprehend that while in years when the growth rate is below the target for money expansion, there will be some inflation, but, if the rate of monetary expansion is constant (and reasonable) then there will be years when there is deflation.  So, an average, the goal is to have the money supply expand at the rate of the economy (NO long term inflation).
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Cincinnatus
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« Reply #44 on: April 17, 2011, 09:58:14 PM »

'Obamanomics'?  You mean his continuation of every economic policy precisely as it was implemented by the previous administration?

The "ubber liberal" president seems to coincide with the fiscal policies of the previous big government "conservative."  Though I don't blame Bush or Obama entirely for the economic collapse (Cyclical economics), it's seems clear to me that they both have/had a hand in extending it.
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opebo
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« Reply #45 on: April 18, 2011, 01:01:37 PM »

'Obamanomics'?  You mean his continuation of every economic policy precisely as it was implemented by the previous administration?

The "ubber liberal" president seems to coincide with the fiscal policies of the previous big government "conservative."  Though I don't blame Bush or Obama entirely for the economic collapse (Cyclical economics), it's seems clear to me that they both have/had a hand in extending it.

But of course.  They are not allowed to fix it because they are the servants of Capital, JBack.
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CARLHAYDEN
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« Reply #46 on: April 18, 2011, 05:19:52 PM »

U.S. credit rating outlook lowered by S&P

By Ben Rooney, staff reporterApril 18, 2011

NEW YORK (CNNMoney) -- Standard & Poor's lowered its outlook for the nation's long-term debt Monday, saying the political grousing over the deficit could put more pressure on the still shaky economic recovery.

http://money.cnn.com/2011/04/18/news/economy/us_credit_rating_outlook_lowered/index.htm
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CARLHAYDEN
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« Reply #47 on: April 21, 2011, 02:15:26 PM »

US jobless claims stick above 400,000

By Shannon Bond in New York

Published: April 21 2011

The number of people claiming unemployment benefit stayed above 400,000 for the second week in a row, according to the latest US labour department figures.

http://www.ft.com/cms/s/0/0d1a8b5a-6c13-11e0-b36e-00144feab49a.html#axzz1KBd28Peu
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CARLHAYDEN
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« Reply #48 on: April 28, 2011, 08:05:14 AM »

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS REPORT
          SEASONALLY ADJUSTED DATA

In the week ending April 23, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 25,000 from the previous week's revised figure of 404,000.

http://www.dol.gov/opa/media/press/eta/ui/current.htm
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CARLHAYDEN
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« Reply #49 on: April 28, 2011, 08:09:13 AM »

April 28, 2011
GDP growth rates slows to 1.8 percent in 2011 Q1
US GDP growth in the first quarter of 2011 slowed to an annual rate of 1.8 percent, compared to a rate of 3.1 percent in fourth quarter 2010 and 3.7 percent in first quarter 2010.

Read more: http://www.ibtimes.com/articles/139088/20110428/gdp-growth-2011-us.htm#ixzz1Kp4jHWQH
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