Headed for a double-dip?
Technically, we may be headed for a second recession.
Thanks, BT, those are atrios’ ‘confidence fairies’ – the opposite, of course, of the rugged individualist entrepreneur it’s supposed to enable.
From second link:
Asked by Fox interviewer Chris Wallace whether she was a “flake” because of a “history of questionable statements” and “gaffes,” Bachmann was clearly irritated.
They’re out to destroy Bachmann.
Apparently Wallace had a lot of blow back and issued an apology.
Yes, I saw that. Establishment Rs attack Bachmann at great risk: possibly, a third party run by Snowbilly Grifter.
If we have an economic crash we on the left will be in deep shit.
Interesting that he even paid attention…
6 in 10 in a new study say the economy is headed in the wrong direction. 44% of one sample said that they did not expect Social Security to be there when they retire. Snark On//”Nice job. Peterson. Mission Accomplished”//Snark Off.
Mornin’, BT, pups
We know that the administration and Congress aren’t going to do anything to alleviate the unemployment disaster so I can’t wait for all the campaign rhetoric about how we’re gonna bring jobs back to the good ol’ US of A while tax breaks for corporations allow them to reinvest that money overseas. Can you say more capital flight?
DAyum! Seven in ten in that study said that they believed that entitlements were going to get cut.
Apparently Wallace had a lot of blow back and issued an apology.
I’m sorry you’re a flake?
Boxturtle (Maybe he didn’t SAY that, but I’m sure he THOUGHT it)
People who feel that uncertain about the future of the economy and about the government’s commitment to deliver promised health and retirement benefits are not going to spend ANY money beyond necessities.
I can’t wait for all the campaign rhetoric about how we’re gonna bring jobs back to the good ol’ US of A
Except for those nagging problems of structural unemployment. Barry’s savvy businessmen will be creating jobs but there just won’t be anyone with the necessary skills to fill them. /s
More blame the victim.
Food prices are rising worldwide. Won’t be long and we won’t be able to afford to eat anything but beans and unleavened bread.
No jobs means more can go to stupid wars: When will we ever learn?
Damn, why are the assclowns @ SFgate repeating this tripe:
The debt issue appears to be weighing down the economy and steering it off course, nationally and globally
Meaning three in 10 aren’t paying attention. That’s actually better then I expected.
Boxturtle (The scary part is that probably 8 in 10 think the cuts are a Good Thing)
Morning BT & Firepups:
Let the batshit begin.
And Hedges is up…
Wait until Hurricane season is in full swing and the price of energy rises, the cost of living rises. Yes, we will be in deep shit! The double dip will be the penalty America pays for a scorched earth policy employed, for political reasons! An election The “bastards” are holding America hostage, just like slave owners, to protect cash cows while gutting a nation!
About the stimulus article, I do not know which is worse, the eight years Dems didnt have power and did nothing or these last three years which they do have power and are doing nothing.
Where have all the flowers gone?
Losing the narrative that government must act when the private sector won’t, and replacing it with austerity, is the single biggest loss for progressives that I have seen in my lifetime. Advancement of all progressive causes depended critically on an understanding that the federal government was not like a business — or a state.
When Barry politically caved and began using the family budget as a guide to what the federal government should do, all hope was lost. He pissed away 50 years of wisdom about recessions.
Massive fail — or betrayal, take your pick.
Nice rendering of that tune…
I’m prepared for hurricane season. Definitely gonna increase my stock of dried beans and flour. I make a mean chipati.
News, I guess, (if it had not been happening in every commercial food product for years) General Mill celebrates seventieth birthday of Cheerios by again reducing the cereal box size and the content of the Family Value size box of Honey Nut Cheerios by 3.28 oz or 103 grams, resulting in an unannounced 8.5% price increase.
ABC news hosts and “reporters,” overnight show, celebrated by consuming their favorite flavor of Cheerios but totally miss reporting on the price increase while promoting the General Mills product.
“Family Value Size” carton is renamed, “America’s Favorite Cereal,” in the package banner and Buzz the Bee is seemingly smiling all the way to the bank.
Assuming that you are really asking a question, I think Hedges in the link in comment #19 answers your question eloquently. The corporate influence on news and newspapers is now much more intense than it was forty years ago.
At least the hurricanes leave a lot of potential firewood lying around.
The answer is blowin in the wind.
Getting everyone enough food to eat sounds like a tangible goal we (myself) can work toward. Beans are more expensive than they were this time last year, too. If the boats do not come for me this year, I will plant some blue lake beans again next summer.
Do you think we consumers will catch on to the 1/2 empty box? It may be about time….
I see it as a massive fail. Believing in the economic theories of Uncle Milty and his ardent supporters and unwilling to see the consequences of those theories in the real world (Chile, Argentina, et al) will lead us into another depression. These people think that if they just try a little harder Friedman’s theories are bound to work. That’s just stupid.
So, hard to catch, I guess….shades of only memories.
I find that the good buy is at our green food store, buying by weight.
That is a good reminder….probably not many green markets in the poor neighborhoods, iirc
Only thing I buy in a box is Ritz crackers and generic Cheerios and I can live without both.
For sure, and not miss them.
We’ve got Saturday markets here but bulk beans, etc aren’t a feature. Dried beans in supermarkets are still fairly inexpensive, particularly if you buy the biggest bags they have.
True. Ours is near the college campus, but in a depressed area.
It’s really depressing to see Rachel — as an advertisement for her show — standing in front of America’s greatest infrastructure achievements and delivering the message that the POTUS should be delivering repeatedly: the private sector on its own never would have, nor could have, built this on its own.
All while he pisses away his chance to even maintain the investments of past generations by kowtowing to those who destroyed the economy.
Off to swim in the great capitalist cesspool.
US KIA Afghanistan: 1,637
US KIA Irak: 4,463
Iraki, Afghan and Pakistani casualties: estimates vary to over 1.5M
US MBS 2011: 21,948 and counting
No No Keshagesh
No war but class war
Never. Give. Up.
Be good to yourselves, and all other living things
Morning Bev and Pups,
People have caught on to some extent, (and what can one do about it besides not buy the product) but having the overnight show “news,” people pouring cereal and milk, commenting on the birthday and the nation’s most popular breakfast cereals, while failing to report the price increase, I just thought this was absurdity doubled down on with a totally blatant example of corporate schilling for corporate interests.
Popcorn time. Watching the conservatives fight each other for ideological control is fun. The only problem is the Americans lose if the Bachmanns/American Taliban or if the corporate/more “moderate” arm of Republicanism wins. Bachmann is a loon and if she didn’t want people to think she was one then she probably should have her vocal chords removed.
I’ve been trying to grow what I eat. Have a good day.
please call,email snailmail this hack
sending peppers and matoes today
Cheerios has seen a decline in sales for 3 years.
They’re gambling the chumps who buy the smaller boxes will make up the difference and keep them profitable.
Just like Palin.
reply to econobuzz@42
I’m not sure a government couldn’t use a family model but it is incredibly stupid to insist that it start in the middle of the worst downturns the country has seen in at least a century.
It might have made sense if we had been banking any surplus money collected during an economic boom instead of screaming “Wheeeeee, everyone get’s a tax break.” In most households, ALL of a surplus check isn’t blown on gifts, some goes into a rainy day fund. The government model hasn’t had the equivalent of a rainy day fund and the GOP sure as heck isn’t going to allow the government to “save for that rainy day” anyway. Their canard to that would be “the government is taking YOUR money. How DARE they!”
America’s entire system is predicated on quicksand. Unstable energy prices and the pathetic inefficient use of potential energy. Billions of dollars of economic value squandered every day, as we American have no choice, but to buy!
Meanwhile Goldman Sachs can drive oil futures up through the roof, market investment vehicles, worth shit, but rated “AAA,” and bet the short, while oil prices reached 147.50 per barrel? No moral hazard here as a corporation’s fiduciary responsibly was burned, like witches, while America drowned
A mature industrialized society which attempts pathetically to control healthcare costs and fails to address the underlying squandering of trillions of dollars of economic value for decades just getting to the doctor’s, or work, or school or to grandma’s house for Thanksgiving, is a fucking joke!
Ever try to burn water saturated wood? Doesn’t burn very well.
The corporations own many of the the news outlets now, and I don’t doubt that accounts for much of their influence on content.
Yes, meanwhile Wall Street and “connected” corporations seem to be doing just fine? No servitude here!!!!!!
I suspect Wall Street is a house of cards waiting for a strong wind. You can invest until the cows come home. without demand for goods or services you ain’t gonna be able to recoup.
The rich have forgotten that society is only as strong as it’s weakest link. They’re essentially cutting their own throats by removing safety nets from the weakest among us. Their selfishness will eventually bite them, unfortunately not before it bites many of the vulnerable though.
When are we going to hear from ag holder on his promised letter re: federal reaction to medical marijuana?
Saturday, September 20th, 2014 2:00 pm PacificCarbon Shock: A Tale of Risk and Calculus on the Front Lines of a Disrupted Global EconomyChat with Mark Schapiro about his new book. Hosted by Steve Horn.
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