We still have all of march to go but the first quarter is already an economic disaster and getting worse by the day. Obama recently sang about his Sweet Home Chicago and that's where he's headed in January of 2013.

Oil- $108.00 per barrel
http://www.reuters.com/article/2012/02/26/us-oil-recession-idUSTRE81P0JA20120226

Durable Goods Demand Falls Most in 3 Years; Down 4%
http://www.cnbc.com/id/46554315

U.S. Unemployment Increases in Mid-February
Underemployment also up, to 19.0%
http://www.gallup.com/poll/152753/Unemployment-Increases-Mid-February.aspx

GDP dropping like a rock
http://www.advisorperspectives.com/dshort/commentaries/WSJ-Economist-Survey-on-GDP-Jan-2012.php

Direction of Country Politico/GWU/Battleground Right Direction 35, Wrong Track 59 Wrong Track +24

President Obama Job Approval Rasmussen Reports Approve 45, Disapprove 53 Disapprove +8

Generic Congressional Vote Rasmussen Reports Republicans 43, Democrats 39 Republicans +4

General Election: Paul vs. Obama Rasmussen Reports Obama 41, Paul 43 Paul +2

General Election: Romney vs. Obama Rasmussen Tracking Obama 43, Romney 45 Romney +2

General Election: Santorum vs. Obama USA Today/Gallup Obama 46, Santorum 49 Santorum +3

The Democrats will lose the Senate and more seats in the House.
Dark clouds are gathering over the White House. Today Obama is meeting with UAW member's in DC. Probably because currently a family leaves Michigan every 12 minutes.http://www.detroitnews.com/article/20090402/METRO/904020403

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hefty hefty cinch sack, wimpy, wimpy, wimpy

Gallup doesn't seasonally adjust their unemployment survey. There's typically 2.5 to 3 million thrown out of work each year after Christmas. The jobs are gradually recovered by late Spring.

LMFAO II Wrote:
-------------------------------------------------------
> [doesn't matter - it's the ID that';s meaningful]

It's always refreshing to see an Imploding Party of No supporter gleefully posting Doom-n-Gloom.

4 more years.

Bet on it.

Les are you the self-appointed ombudsman of FFU?

What's good for Obama is probably going to keep the Republicans' hold on the House. I just wish we had real opposition parties in this country which would have kept things from getting out of hand. Too bad that Gore wasn't elected in 2000 (I voted for Bush). He wouldn't have invaded Iraq, initiated the out of control military budget, and gotten through a Republican Congress all sorts of spending and tax cuts that are still with us today...

That same thought has crossed my mind several times. However, this is where we might depart, I think back to the Supreme Court appointments Bush made. If Gore had been in office, the SCOTUS appoinments would not be Constitutionalist but more like Ginsburg.

I think we probably still would be in the global covert wars to install governments friendly to US business and a housing bubble would've occurred. Instead of trillion dollar deficits to offset a housing bust, we'd be talking about 400-500 billion dollars. Bush has moved the national solvency problem 10 to 15 years forward.

... and the DOW has been on a steady increase since October 2011, jumping above 13,000 today. What are you gonna do.

--------------------------------------------------------------
13 4826 0948 82695 25847. Yes.

Republicans will believe anything.

Hay Zeus Wrote:
-------------------------------------------------------
> If Gore had been in office, the SCOTUS
> appoinments would not be Constitutionalist but
> more like Ginsburg.

Aside from Scalia who among the recent Republican appointments is a constitutionalist? Even the framers of the constitution couldn't agree to exactly what the document meant, and beginning with John Marshall's court (if not before then) the justices have been gleefully re-interpreting the language in the document to suit their own agenda.

Les Wrote:
-------------------------------------------------------
> What's good for Obama is probably going to keep
> the Republicans' hold on the House. I just wish
> we had real opposition parties in this country
> which would have kept things from getting out of
> hand. Too bad that Gore wasn't elected in 2000 (I
> voted for Bush). He wouldn't have invaded Iraq,
> initiated the out of control military budget, and
> gotten through a Republican Congress all sorts of
> spending and tax cuts that are still with us
> today...

We would have a federal task force hunting manbearpig if he was elected.

The father of the global warming hex and the guy who takes credit for inventing the internet, yea he would have been much better.........

REPORT: Real inflation at 8%...
Every Day Price Index

The biggest factor: Motor fuel and transportation costs are up 21.06 percent from year-ago levels. The cost of food, prescription drugs, and tobacco also have increased faster than the government's inflation measure, rising 3.56 percent, 4.21 percent, and 3.4 percent, respectively.

http://www.cbsnews.com/8301-505144_162-57387655/inflation-not-as-low-as-you-think/

4 more years? .....................................Highly unlikely.

Higher gas prices may be an issue this summer, but to say that there is a 1st Quarter economic collapse makes the OP sound like a complete fucking idiot.

---------------------------------------------------------------------------------
http://bible.cc/1_corinthians/13-11.htm

WashingTone-Locian Wrote:
-------------------------------------------------------
> Higher gas prices may be an issue this summer, but
> to say that there is a 1st Quarter economic
> collapse makes the OP sound like a complete
> fucking idiot.


May be an issue? Not sure who the complete idiot is here.

Yes I am it is YOU.

25 million people giving up on work, not looking for work, unemployed, under employed, 8%+ inflation, runaway government spending, decrease in durable orders 3X higher than expected, the rest of the world is on the brink of collapse but everything is A Okay here!

Recession may be spreading from the rest of the world, but it's not starting here. They're being forced to cut back because the governments took on too much debt bailing out the banks.

"Recession may be spreading from the rest of the world, but it's not starting here. They're being forced to cut back because the governments took on too much debt bailing out the banks."...................Les

Recession is spreading throughout the world and soon will be in a neighborhood near you!

http://www.cnbc.com/id/46639583

I know it has been three years but I blame Bush

NEW YORK—U.S. stocks were on pace for their biggest decline this year, hurt by soft readings on global economic growth and concern over a looming deadline for Greece's bond swap with private bondholders.

http://online.wsj.com/article/SB10001424052970203370604577264942489914360.html?mod=WSJ_hp_LEFTWhatsNewsCollection

U.S. Stocks Slide Wrote:
-------------------------------------------------------
> NEW YORK—U.S. stocks were on pace for their
> biggest decline this year...

That must mean something.

I =know= that must mean something.

I mean, it's GOT to mean SOMETHING!

Doesn't it?

Greece may default. There's a deadline on Thursday for private investors to submit to the bond swap arrangement that's part of the 'bailout'.

Les Wrote:
-------------------------------------------------------
> Greece may default.

That must mean something.

I =know= it must mean something.

I mean, it's GOT to mean SOMETHING!

Doesn't it?

=========

Oh! I know! It means no one who actually cares about Greece defaulting has hedged their bets in the MONTHS that we've been hearing "The Greek sky is falling!" from The Pundits! Yes, they've all been sitting on their hands.

The bond swap fail would trigger a default and call off the bailout. If the banks try to deny it was a credit default event through the ISDA, they'll be dragged into the courts to make them pay off on the credit default swaps. At question is the 430 billion euros in sovereign loans to the government Greece and overall 1 trillion euros in loans (including the sovereign debt).

The carmakers are now preparing for a recession in Europe comparable to ours in 2008-2009.

http://www.businessweek.com/news/2012-03-06/automakers-prepare-for-deepening-slump-in-european-car-market

Les Wrote:
-------------------------------------------------------
> Greece may default. There's a deadline on
> Thursday for private investors to submit to the
> bond swap arrangement that's part of the
> 'bailout'.


It will default at some point, the only question is when

This is a good blog that covers the european debt. Governments and central banks hold most of the Greek sovereign debt. They're trying to strong-arm the hedge funds and holdout banks into accepting the bond swap to avoid the big banks' credit default payouts being triggered.

http://hat4uk.wordpress.com/

There goes my ivory back scratcher
Attachments:

Les Wrote:
-------------------------------------------------------
> This is a good blog that covers the european debt.
> Governments and central banks hold most of the
> Greek sovereign debt. They're trying to
> strong-arm the hedge funds and holdout banks into
> accepting the bond swap to avoid the big banks'
> credit default payouts being triggered.
>
> http://hat4uk.wordpress.com/

Shit is going to hit the fan with this. This is exactly why a common currency is a terrible idea and now Greece will bring down all of Europe for the next several years at least and the rest of the world as well.

Pretty much any chance of a default went out the window when the Greeks were unwilling to give up any of their insane benefits.

First quarter is rapidly disappearing and - how about that - the jobs figures released today show surprisingly larger jobs hiring numbers than The Pundits expected.

Oh...and note that, at this moment, stock futures have skyrocketed.

That is to say...traders gonna trade - you daytrade, and are greedy, you lose. You go with the flow, you win.

The ADP numbers were adjusted to more closely track the government figures released last month. They revised all the seasonal adjustment factors going back a year to do the same. It all means nothing. It's an election year, and the government is fudging past years' figures on everything (GDP, inflation, jobs, etc.).

You cannot simply dismiss good news because of your political beliefs.

That is incorrect behavior on your part.

The facts are - using any measure that is valid - things are "better".

Olde Farte Wrote:
-------------------------------------------------------
> You cannot simply dismiss good news because of
> your political beliefs.
>
> That is incorrect behavior on your part.
>
> The facts are - using any measure that is valid -
> things are "better".

Or it could be you are fucking stupid.

U.S. Unemployment Up in February
Underemployment is 19.1%, up from 18.7% in January

Old Fart Shit His Brains Out Wrote:
-------------------------------------------------------
> Olde Farte Wrote:
> --------------------------------------------------
> -----
> > You cannot simply dismiss good news because of
> > your political beliefs.
> >
> > That is incorrect behavior on your part.
> >
> > The facts are - using any measure that is valid
> -
> > things are "better".
>
> Or it could be you are fucking stupid.
>
> U.S. Unemployment Up in February
> Underemployment is 19.1%, up from 18.7% in
> January
>

LMFAO. Right on fucking cue. Rosanne fucking Barr will be able to beat the big O the way things are going.

What an absolute fucking disaster. Now he's out running his yap about oil being a thing of the past. We use 20% of the supply but only have 2% of the population or some bullshit like that. Always running down the U.S. He is clueless. Totally takes for granted what we actually do with the oil we use. Of course Obama is oblivious to the fact that we feed 25% of the world. He says he will buy a Volt when he leaves office which is perfect. A fucking clown car.

Olde Farte Wrote:
-------------------------------------------------------
> You cannot simply dismiss good news because of
> your political beliefs.
>
> That is incorrect behavior on your part.
>
> The facts are - using any measure that is valid -
> things are "better".

I don't think a deviation from expectations of several thousand means much when the seasonal adjustment is 10-20 times larger.

And who the fuck is so stuck on themselves that they name their dog after ..................themselves? Barrack Obama that's who.

How did that family conversation go?

Obama; "What are we going to name the dog kids'?

Malia; " Rin tin tin daddy"!

Sasha "How about Sambo"!?

Obama; No girls it's going to be B O .

The Fed is pumping money into the system through zero interest loans to banks. The banks are then buying stocks because the interest is ZERO so they lose nothing on the upside and the Fed will make up any loses. It's a huge ponzi scheme with us, the taxpayers as the suckers. We carry the debt that the Fed is incurring by giving zero-interest loans (printing money and giving it to banks), we get hit by inflation as more dollars means less value and we carry all the risks that the market will crash. All this to prop up the system until Obama can be reelected. Prepare for a major depression-type crash by end of the year as the Fed runs out of gas.