Drudge Retort: Red Meat for Yellow Dogs

Treasury Secretary Henry M. Paulson Jr. said today that financial markets have stabilized since March, when the collapse of investment giant Bear Stearns roiled Wall Street, and that he expects economic growth to rebound by the end of the year.

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The shitbag is a liar. The markets appear to be calmed because the media sycophants aren't reporting the destruction going on under the surface. This country is bankrupt and there is no merciful escape.

Great Job Paulie!!!!! Where does the Administration find these ASSHOLES, What the Hell with Bush to lead what the hell can we expect!!!!

My stocks are going up, especially the Chinese stocks.

Phillips catalogs the statistics manipulation beginning with Kennedy to the president.

Numbers Racket
Why the economy is worse than we know
KEVIN PHILLIPS
Harper's Magazine v.316, n.1896 1may2008

If Washington's harping on weapons of mass destruction was essential to buoy public support for the invasion of Iraq, the use of deceptive statistics has played its own vital role in convincing many Americans that the U.S. economy is stronger, fairer, more productive, more dominant, and richer with opportunity than it actually is.

The corruption has tainted the very measures that most shape public perception of the economy--the monthly Consumer Price Index (CPI), which serves as the chief bellwether of inflation; the quarterly Gross Domestic Product (GDP), which tracks the U.S. economy's overall growth; and the monthly unemployment figure, which for the general public is perhaps the most vivid indicator of economic health or infirmity. Not only do governments, businesses, and individuals use these yardsticks in their decision-making but minor revisions in the data can mean major changes in household circumstances--inflation measurements help determine interest rates, federal interest payments on the national debt, and cost-of-living increases for wages, pensions, and Social Security benefits. And, of course, our statistics have political consequences too. An administration is helped when it can mouth banalities about price levels being "anchored" as food and energy costs begin to soar.
www.mindfully.org

Yeah, lets build all our cars in Mexico! "General motors" aka Mexican motors.

Paulson is not alone in his thinking.


As recession fails to materialize, economists revise predictions

Kelly Evans and Justin LaHart
May. 15, 2008 12:00 AM

A funny thing happened to the economy on its way to recession: It has taken a detour.

That, at least, is the view of a growing number of economists, including some who not long ago were saying a recession was all but inevitable.

They note that stock and credit markets have steadily improved since the Federal Reserve intervened to keep Bear Stearns Cos. from bankruptcy in early March, while a series of economic reports have been stronger than expected.

Economists also cite swift policy responses, including a sharp reduction in interest rates by the Fed - to 2 percent from 5.25 percent last September - and the distribution of fiscal-stimulus checks to millions of Americans, as factors possibly easing the downturn.

"A couple months ago it seemed like we were on the abyss," said Jay Bryson, global economist with Wachovia Corp., referring to the seizing up of credit markets and the collapse of Bear Stearns. "Things have changed. . . . The numbers we've seen recently haven't been as bad as we were led to believe just a few months ago."


www.azcentral.com

Don't say that. The left will be very let down. They've been looking for this recession to happen for years.


Great Job Paulie!!!!! Where does the Administration find these ASSHOLES, What the Hell with Bush to lead what the hell can we expect!!!!

Posted by celisary


How about you leave some exclamation points for the rest of the group?

I'm up 13% since April 1, 4.5% on the year. Markets have calmed, some semblance of balanace has returned to the yield curve, the dollar has strengthened with a lot more to go, and precious metals and ags have come off their highs in a big way, which means that scared money is coming back into bond and equity portfolios.

same here about 12%

precious metals and ags have come off their highs in a big way, which means that scared money is coming back into bond and equity portfolios.

I know more about the economy when I was 10 then any of you ever will. Gold, Gold, Gold

Ray

The shitbag is a liar.

My, how testy some people get when their investment isn't doing so hot.

~same here as RiR and RP5.

Should've listened to Ray. I could actually be down about 18% instead. Damn my luck

You know I get so sick of seeing Ray's Gold and Silver rants. What is gold and silver gonna do for Ya when nobody will take it cause they have nothing to trade of value. I would stock up on seeds before I would stock up on Gold and Silver. At least You can live off of seeds You can't live off of gold.

Larry Mohr

Great Job Paulie!!!!! Where does the Administration find these ASSHOLES, What the Hell with Bush to lead what the hell can we expect!!!!

Posted by celisary
* * * *

Well, the Administration found Paulson at Goldman Sachs. Maybe you've heard of it.

Probably not.

Goat, if you've got as much Transocean as you say, you're probably pretty happy. I had to spend a fortune this week, rolling up on my RIG covered calls--expiration is this weekend. And the stock was moving up so fast, I was giving three to get five, instead of the other way around.

:)


Don't mind telling you, though. I get nervous when ANY stock--even a virtual monopoly like RIG--moves up so far, so fast. I'll be starting to lighten up soon.

even a virtual monopoly like RIG--moves up so far,

Actually, I do too. But being ESPP stock, (85% of lower of year end/high) I can't resist to buy all I can which is 20% of salary. I keep it out of my 401k of course

But I do indeed share your concerns

There will be no recession.

A time is coming when the US will be weaned from dependency on Middle East oil (the saudis will not be bragging then) --- when the mother of necessity find a way to distribute alternative source of energy (not ethanol) on a wide scale.

Cheers! God bless America!

The economy will skyrocket then.

I know more about the economy when I was 10 then any of you ever will. Gold, Gold, Gold

Ray

Posted by goatman


This stupid fuck will have to learn the hard way.

You know I get so sick of seeing Ray's Gold and Silver rants. What is gold and silver gonna do for Ya when nobody will take it cause they have nothing to trade of value. I would stock up on seeds before I would stock up on Gold and Silver. At least You can live off of seeds You can't live off of gold.

Larry Mohr

Posted by LarryMohr


See how far your garden gets when everybody around you is hungry?
Another stupid fuck who is going to learn the hard way.

How trusting the faithful are. Politics is as fucked up as religion.

My, how testy some people get when their investment isn't doing so hot.

Posted by goatman


Dream on goatbrain. I've been buying silver since it was under $7. Always buy on the dips, like recently. Dealers running out of stock. Always a good sign.

Anybody who trusts Bush will live to regret it.

"I've been buying silver since it was under $7. "

www.silverinstitute.org


HAHAHAHAHAHAHAHA

us.st11.yimg.com

www.kitco.com


wow

16.8


ROTFLMAO!!

It is funny to watch you laugh. Those are establishment sources. Dollar is going to the basement. No surer thing.

...he expects economic growth to rebound by the end of the year.

Who cares? All of the things that have been done to stabilize the economy are bandaids.. Temporary fixes that only delay the inevitable. This country is fucking bankrupt and our fiscal policy should start acting accordingly. Unfortunately, we will not be so lucky to have that type of leader in the next 4 years.

This picture says it all.

jsmineset.com

This stupid fuck will have to learn the hard way.

Had I bought gold at $1k/oz as you suggested, I would indeed be learning the hard way. My financial strategy relies on money makers, not money losers.

"Had I bought gold at $1k/oz"

www.kitco.com


(chuckle)

Had I bought gold at $1k/oz as you suggested,

I told you at least twice that I misread your post.

If you had half a brain, I would go to the trouble to explain why the US economy and the dollar are collapsing. But since you are a dickhead, there is no point. We'll have to agree to disagree and let events unfold.

Gone for the day.

Politics is as fucked up as religion.

I agree. That's why I generally stay away from it. But it is strange hearing you make this admission, Ray. Your buying points for gold are often political.

Glad to see you are wisening up finally after (what did you say?) 40 years.

If you had half a brain, ...

I do. AAMOF, I have two halves.

But since you are a dickhead...

I hope the name-calling brings the price of gold back up for you, Ray, though it is a strategy I'm not familiar with. I hate to see people lose on investments.

"But since you are a dickhead... "


Such condensation!

ROFL!

Any attempt to discredit the negative news and agenda will be harshly criticized by liberals. They are generally negative and unhappy and they are not satisfied until everyone else is miserable. You see, being critical is not a rare skill. It is this negative view that clouds their perception of life. Net result, they are now less affluent.

Bash this economy all you want to, please, it is making me money.

"ROB THE A HOLE"!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! FUCK YOU.

"RIGHTISRIGHT"...Yes Master I have indeed heard of Goldman Sachs, Paulson just proves that the PETER PRINCIPAL still lives.....(I know that you don't know what the "Peter Principal" is just GOOGLE it you dumb fuck......

You mean, the Peter Principle, retard?

Because if I type "Peter Principal" into Google, there's an italicized title at the top of the page that says, "Did you mean Peter Principle? Or is it that douchebag Celisary again?"

Okay, that's better. "Peter Principle" into Google, let's see . . . .

Oh, I get it. It explains how Hank Paulson went from being chief of Goldman Sachs to Treasury Secretary of the world's largest economy, and Celisary became assistant afternoon shift manager at Blockbuster Video in Burbank.

This economy realy sucks. I only want to work about 16 to 20 hours per week but I keep getting calls to do more. How in the hell can I semi-retire when everyone keeps bugging me to do some work for them. Like I said, this economy is realy in the shitter when companies can't find enough good workers to meet the demand.

Spelling was never my best subject, smelling out Racist Pricks was.....Douchebag, the last time I saw a douchebag was when I was with your Lady, you are still with the ladies aren't you? I hope that you haven't gone back to the boys again.....

"Peter Principal"



He diddled the students;
-Principal Poop of Communist Martyrs High.

Sniper, I know you're being facetious, but it's true. I have a friend of mine who was complaining about how awful the economy was, and he was working three jobs to make ends meet. And I wondered (but didn't say out loud)--does he remember what a really bad economy is like? Like in the late 1970's, when it was tough to find ONE job, let alone three?

I empathize---a lot of people are stuck in lousy mortgages in a collapsing real estate market, banks are reluctant to lend further, and gas and food prices are soaring. But having to work 80 hours a week isn't a sign of a bad economy, but an economy suffering from high inflation and taxes. Needing to work 80 hours, and finding only 20--THAT'S a severe recession.
But this too will pass.

Oh, I get it. It explains how Hank Paulson went from being chief of Goldman Sachs to Treasury Secretary of the world's largest economy, and Celisary became assistant afternoon shift manager at Blockbuster Video in Burbank.

Posted by rightisright at 2008-05-17 01:33 PM



He did? Well, I'll have to go down to Blockbuster later today and congratulate him on his new job, rent a video, and SAY HELLO!!!!!!! - CELISARY STYLE!!!!! (grin)

Spelling was never my best subject, smelling out Racist Pricks was.....Douchebag, the last time I saw a douchebag was when I was with your Lady, you are still with the ladies aren't you? I hope that you haven't gone back to the boys again.....

Posted by celisary
* * * *

Really? "Smelling out racist pricks" is your best subject? Well, guess what. You suck at that too.

Seriously--you must be the most ungay gay guy I've ever seen. You're obviously miserable. Now to business, do you have any copies of "Atonement" in stock?

He did? Well, I'll have to go down to Blockbuster later today and congratulate him on his new job, rent a video, and SAY HELLO!!!!!!! - CELISARY STYLE!!!!! (grin)

Posted by CalifChris
* * * *

From what I've surmised about the way Celisary "says hello"--you might want to reconsider.


"ROB THE A HOLE"!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
! FUCK YOU.

Posted by celisary at 2008-05-17 12:58 PM |


And the DR's little ray of sunshine, celery, blesses us with her positive outlook on life.

WE LOVE YOU CELERY!!!!!!!!!!!!!!!!!!!!!!!!

PETER PRINCIPAL

He was the guy in charge of my elementary school, celery -- Peter Allman.

Or did you mean "peter principle"?

Because if I type "Peter Principal" into Google, there's an italicized title at the top of the page that says, "Did you mean Peter Principle? Or is it that douchebag Celisary again?"

Posted by rightisright at 2008-05-17 01:30 PM |


oops. beat me to it, but your retort is much funnier! ff

Spelling was never my best subject, smelling out Racist Pricks was.....

Wanna smell my prick, celery? It's not racist, but it might do in a pinch . . .

PETER PRINCIPAL

He was the guy in charge of my elementary school, celery -- Peter Allman.

Or did you mean "peter principle"?

Posted by goatman at 2008-05-17 02:20 PM


The one way I always remembered the right spelling for the correct usage between "principle" and "principal" was because the nuns at my elementary school when teaching us spelling would always use the following example: "Always think of our school principal, Sister Mary Whatever, as being your 'pal'."

Corny but it worked. I always remembered to spell it right after that. Sort of along the same line of "i before e except after c" -- some stuff just sticks with you.

Always think of our school principal, Sister Mary Whatever, as being your 'pal'."

We were taught the exact same mnemomic, only Mr. Allman was not my pal. I was at the business end of his paddle more times than I care to remember.

Sniper, I know you're being facetious, but it's true. I have a friend of mine who was complaining about how awful the economy was, and he was working three jobs to make ends meet.

Posted by rightisright

The economy is done for.

Why are all the restraunts still full every night?
Why are people still riding around with one person per car?
Why are the Freeways still bumper to bumper even on the weekends?
What is the definition of getting by? Cutting back to only once every two weeks for your $100 per ticket for your pro sports habit? Sending your 5 kids to college so they can major in English Lit? Only buying 2 new snow machines every fall with your snow check?

I don't see that people are hurting for money for the things they have grown accustom to.
I see people bitching about the price of gas but I don't see them cutting back on driving.
I see people bitch about the fact the value of their house has decreased in the past few years but that shouldn't matter unless they bought high and speculated that they could sell even higher before their bubble loan payment was due.

As the decrease in disposable income as the impact of high gas prices continues, how long must we wait until our government takes corrective action, and seizes the supplies of oil we need.

Why be impoverished by a group of ragheads, or anyone else for that matter?

What a bunch of passive dorks.

You can't please everyone, so you've got to please yourself.

Why are we playing, "Drop your drawers, bend over and hold your ankles, and pretend you like it?"

Start beating the drums of war.

We need a cage match between Paulson and Lou Dobbs. My money's on Lou.

Posted by celisary at 2008-05-17 01:36 PM

Spelling was never my best subject, smelling out Racist Pricks was....

Just curious celisary, what was your best subject? Math? Literature? Any science? What?

I suspect that you're being facetious, when you say you went to a school where you had a class in smelling pricks. In the United States, we're quite hung up regarding studying sex in school, and such a class would be criticized and its existence publicized with probably a lot of averse comment. Did you go to school elsewhere? You're not a person who was trained to be a prostitute, were you? It sounds as if you would have qualified for an advance degree.

Really. How does a person make a living smelling pricks?

If you did go to a class in smelling pricks, what was the name of the course, and at what school did you take it? How did you score in the class? Are you a female or a homosexual prick smeller?

Yours is the most exotic training I've heard about yet?

celisary, why do you prefer the smell of "racist" pricks to the smell of other pricks?

Warren Buffet has been saying the same thing. I guess he's a shill for the administration also.

No you pussy democrat shitbags are so invested in the failure of this administration that anything else just won't do.

The fact is there is still plenty of good news about this economy out there but you don't want to hear it.

Here is an example:

Housing Starts up 8.2% Biggest Gain in 2 Years

www.usatoday.com

STOP IT! We want this recession so bad we can taste it. We've been waiting for ages. It's just like fucking Bush to take it away from us.

The left

The fact is there is still plenty of good news about this economy out
there but you don't want to hear it.


That's right. I don't want to hear it. I want to see it -- on my bank statement every month.

Housing Starts up...

1. They're building apartments not houses. So they anticipate more renters instead of home owners

2. Up from last year, but what's the longer trend?

"Even with the improvement, housing construction nationwide was 30.6% below the level of activity a year ago"

Same article, houses coming off a 17 year low. Like '91 when we had a recession.

But none of this changes the fact that the dollar is weak and our balance of trade last year produced a One Trillion Dollar deficit.

More than the $450 billion dollar surplus for Russia, and the $350 billion dollar surplus for China.

We may be treading water, but the pool is pretty damn deep.

recession? what the hell is that? gas is a little more expensive, as is food. fortunately, my salary has doubled in the last 3 years. i realize not everyone has been as fortunate, and i don't say these things to gloat, but more to discredit those who would have you believe that our economy is at an all-time low, and we are all but broke. please!!! you're welcome to your opinion on the president. and the war. and abortion. and illegal immigration. but just because you want a recession so you can pile on the "republicans suck" campaign, doesn't make it true, or good for the country. prices may be up from what they were a year or two ago, but there is work. so much, that we have to give "illegals" the jobs americans "won't" do. enough drama already. the sooner we all get honest about our situation, the sooner we can make strides to improve. i've said it before and i'll say it again and again and again....until we can stop playing right vs left, us vs they, liberal vs conservative....we are spinning our wheels while other countries are catching up to our superiority in engineering, finance, politics, etc.

off of my high horse and going to dinner.

ps. celibasy....you are a racist prick!

With housing prices having came down so much now is a great time to buy. For those with good credit and a job they could score well right now. Forecloseurs are a good opportunity as well.

There are a large number of people today who are still paying their credit cards but letting their homes go into foreclosure. This bucks the normal trend and makes me suspicious that they only stopped paying because they didn't want to keep a house in which they had negative equity.

Bee Swell

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