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Originally Posted by chibamm Just curious as to what your take is on the excess reserves interest? Getting away from politics and definitely more economical nuts and bolts.

It's kinda bullshit. It serves little purpose and incents reserves which we don't want in central monetary bodies. As much as I hate the false equivalence of my personal finances vs national finances, paying down debt is always a good thing. As such, the reserves have been up to as much as 10% of the national debt over the last few years. When 10% of your debt is your own equity that's just foolish practice. Combine that with ridiculously low interest rates on savings (the reserve interest rate is what, 0.0025%?) there's no benefit to holding that instead of paying off a debt that has a 4% interest rate or whatever.

I've come to the conclusion after talking to a conservative co-worker, that conservatives think they're beyond reproach. They spout half trues like they're fact (he mentioned the whole thing about Obama waiving work requirements for welfare). I just can't take it anymore, I'm not going to sit there and be lectured to by someone who can't even get their facts straight and cite fox news as a reliable source.

Originally Posted by slidecage until next week when the say they got the numbers wrong just like everyweek.. how many Real jobs were made vs how many people ran out of their 99 weeks and was dropped and how many are seasonal. sorry but i dont belive something that was falling month after month after month Just makes a major turn around right before the election. but like i said whatever i hope it is coming back gas was 1.89 avg in nov 2008 does not really matter cause how badly they ed it in the last 4 years no mater who wins we are ed and what was up with obama with the paper he was writing on.. making out a Grocery List

You must have not had a car back in 2008 because I did and I remember well e price of gas. It was over $4 a gallon. Just because you say it wasn't doesn't make it true. Have you really forgotten people talking about a barrel of oil possibly hitting 150? The only way you would not remember this is if you were not a driver then. Are you old enough to remember 4 years ago? I was and I remember paying for gas. Please provide a link proving your point. Don't try too hard though because you are wrong. I expect you to come back here, admit you were wrong and apologize.

http://mediamatters.org/blog/2012/03...in-2008/157979

Gas didn't fall until the economy went off the rails and demand dried up. Surely you, a republican, understand supply and demand. If you think gas will ever again be cheap during boom times, you are fooling yourself. The US isn't driving (pun not intended) prices right now, it's hundreds of millions of people in India and China that all want to own cars now.

Originally Posted by Blaster man You must have not had a car back in 2008 because I did and I remember well e price of gas. It was over $4 a gallon. Just because you say it wasn't doesn't make it true. Have you really forgotten people talking about a barrel of oil possibly hitting 150? The only way you would not remember this is if you were not a driver then. Are you old enough to remember 4 years ago? I was and I remember paying for gas. Please provide a link proving your point. Don't try too hard though because you are wrong. I expect you to come back here, admit you were wrong and apologize. http://mediamatters.org/blog/2012/03...in-2008/157979 Gas didn't fall until the economy went off the rails and demand dried up. Surely you, a republican, understand supply and demand. If you think gas will ever again be cheap during boom times, you are fooling yourself. The US isn't driving (pun not intended) prices right now, it's hundreds of millions of people in India and China that all want to own cars now.

He is 37

Gas was $4 a gallon in the summer of 08. Gas fell to $1.65 a gallon that fall.

So I guess the revised numbers from July and August has dropped the unemployment rate below 8%. It is now 7.8%. I know that number is a little misleading to the overall jobs situation but Republicans kept focusing on the 8% idea and now it is below that so I will be interested to see how they spin it.

Originally Posted by Clak I've come to the conclusion after talking to a conservative co-worker, that conservatives think they're beyond reproach. They spout half trues like they're fact (he mentioned the whole thing about Obama waiving work requirements for welfare). I just can't take it anymore, I'm not going to sit there and be lectured to by someone who can't even get their facts straight and cite fox news as a reliable source.

We've gone way beyond Faux News. That Conservative co-worker is being told a lot of those lies directly from the candidates mouths. That entire "Put the work back into welfare" line is coming from the GOP and being picked up by Fox News , Not the other way around.
It's frustrating I know , but have some mercy. That dude is being lied to at every turn. From small shit like Obama closed a GM plant in Wisconsin to big Fantasies like every-single-thing Romney claimed in the debates on Medicare.
Trust me I live in the redest of red states so I know how it can get maddening. But it really isn't that dudes fault for being "misinformed" or simply even "uninformed". We're way way beyond that.
He was straight up assaulted. They raped his brain. Cant blame the victim. Cant say "He needs to check his facts ." Because now we have 2 "versions" of the facts.(like we have 2 "versions" of science.) I'm still waiting for the other shoe to drop and for Ryan to claim "The science isnt in on Math."

Seriously. When Romney looks dead at the president and says "I got a tax break for shipping jobs overseas? You must know something I dont." At hat point , Hes campaigning on the hope that none of us have common knowledge or common sense.

Well Ed, we live in the same redest of red states, so I know your pain.

Originally Posted by cancerman1120 So I guess the revised numbers from July and August has dropped the unemployment rate below 8%. It is now 7.8%. I know that number is a little misleading to the overall jobs situation but Republicans kept focusing on the 8% idea and now it is below that so I will be interested to see how they spin it.

Romney just said "It's not enough" in his speeches today apparently.

Not much they can say. Economy is still down, but the slow recover is clearly marching onward. Jobs are slowly coming back, the stock market has bounced almost all the way back etc. All they can try to say is that there proposed policies would have led to a stronger recovery.

OR you can accuse Obama of cooking the books!

http://www.huffingtonpost.com/2012/1...n_1942200.html

Damn, here I thought they'd accept the number and move on.

I love yahoo...they like to make things into stories. How can you honestly think either of those polls are not biased in their methodology.

http://news.yahoo.com/swing-states-s...200400031.html

Good News? Nothing will set crazy people off like good news. No surprise here. It doesn't surprise me either that Jack Welch thinks that jobs should be reflected in the GDP. Thats his school.(Cave man old -school) The only time Jack Welch meets short term growth is when he gets his prescriptions filled. Its like explaining the chicken and the egg to this guy. When the Economy first started to pick up we all asked "wheres the jobs?" Now that the jobs are pickin up Welch asks "Wheres the Economy?" Someone needs to tap dude on the shoulder and whisper "Hey , its called a recovery."

Thats what I'm talking about when I say we're in a strange new land. "It doesn't add up" Isn't enough. Has to be a conspiracy.

Romney has been smart on this. He's already been hitting that note that any improvement is: "In spite of Obama's policies" for a while now. Somebody gave him good advice.

Originally Posted by cancerman1120 I love yahoo...they like to make things into stories. How can you honestly think either of those polls are not biased in their methodology. http://news.yahoo.com/swing-states-s...200400031.html

That story is from The Atlantic Wire, which is a liberal-leaning publication.

Originally Posted by Spokker That story is from The Atlantic Wire, which is a liberal-leaning publication.

My issue was less about who wrote the story and more about thinking those polls actually mean anything.

Originally Posted by Clak I've come to the conclusion after talking to a conservative co-worker, that conservatives think they're beyond reproach. They spout half trues like they're fact (he mentioned the whole thing about Obama waiving work requirements for welfare). I just can't take it anymore, I'm not going to sit there and be lectured to by someone who can't even get their facts straight and cite fox news as a reliable source.

Its been my experience that everyone who feels strongly one way or the other tends to believe their own bullshit. It feels just like sports, the call that goes against you is always wrong and the other team is always playing dirty.

What a bunch of garbage. We Ask America is completely dismissible as a right-wing mouthpiece and Rasmussen is kinda reliable but still with a noted slant.

Originally Posted by dafoomie Its been my experience that everyone who feels strongly one way or the other tends to believe their own bullshit. It feels just like sports, the call that goes against you is always wrong and the other team is always playing dirty.

Exactly. This forum has a solid history of this.

Originally Posted by Knoell Exactly. This forum has a solid history of this.

Not you of course, right?

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