Rep. Gohmert: Murtha Caused Market Plunge
Rep. Gohmert: Murtha Caused Market Plunge
Today on the House floor, Rep. Louie Gohmert (R-TX) blamed yesterday’s market drop — the largest since the September 11 terrorist attacks — on members of Congress supposedly “talking about…more regulation” and “undermin[ing] the President’s national security policy.”
Gohmert said, “In two months of talking about raising taxes and more regulation and [referring to Murtha] one committee chairman talking about how he’s going to undermine the President’s national security policy — two months! — we have this terrible damage to the stock market, to the economy. Unbelievable.” He added: “I just encourage my friends across the aisle, be careful. We built a great economy. Don’t blow it quite so quickly.”
Watch it:
Gohmert is out to lunch. Analysts say that yesterday’s market drop was due in varying degrees to China’s market meltdown on Monday, Alan Greenspan’s recession remarks this week, and rising oil prices.
UPDATE: Fox News uses the stock plummet to call for more you-know-whats:
Transcript:
GOHMERT: You know, over the last 12 years, the Democrats have been in the minority, Republicans have been in the majority. The economy boomed in the late-90’s. We had this tragic event on 9/11. It should have sent this country in a terrible depression, but this Congress, Republican majority, pushed through tax cuts that has allowed the economy to rebound and be robust and provide jobs and better standard of living. And in two months of talking about raising taxes and more regulation and we are not — one committee chairman talking about how he’s going to undermine the President’s national security policy — two months! — we have this terrible damage to the stock market, to the economy. Unbelievable. They were saying last night on the news that this is the biggest drop since 9/11. In two months of talking about all these new plans, we are going to cost people jobs. I just encourage my friends across the aisle, be careful. We built a great economy. Don’t blow it quite so quickly. I yield back.
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So, this jerk is saying that the Chinese Stock Exchange is based on what John Murtha says about Bush’s illegal war?
Uhhh, yeah, okay.
February 28th, 2007 at 6:09 pmidiot
February 28th, 2007 at 6:10 pmI think it was mostly due to Greenspan’s comments. He passes gas and the market drops 200 points.
February 28th, 2007 at 6:11 pmTexas?
Nuff said.
February 28th, 2007 at 6:11 pmYO Gomer!
From someone who might just know a little bit more about economics that a dumb a*s Bushballicker from Texass…
Minutes ago on Hardball…
…Jim Cramer of CNBC’s Mad Money…
…just answered Chris Matthews’ question, “Does China control America’s economy?â€â€¦
…with, “Other than the Federal Reserve, China has the most influence on the American economyâ€â€¦
…yesterday the Dow dropped 400 pts in part as a reaction to China’s stock market plunge of 9%…
…folks the Chinese…
…had a dry run yesterday…
…dumping U.S. dollars…
February 28th, 2007 at 6:11 pmAh, we listened to Jack Murtha and got very scared so we dump stocks.
-Chinese guys
February 28th, 2007 at 6:12 pmDon’t forget the mysterious “computer” glitch that triggered a 200 point drop in a matter of seconds – But this guy GOMER or Gohmert or whatever his name is… he’s a typical Republican TWIT.
February 28th, 2007 at 6:13 pmHow perceptive. I believe the Republicans have found THE candidate for ‘08.
February 28th, 2007 at 6:13 pmI think that drivel even leaves R2, Ballicker, and Patrick1 staring at their blank comment section and scratching their head.
Dem dare texins is az brite as day cum.
February 28th, 2007 at 6:14 pmBesides Greenspan and oil, stock analysts have been predicting a pullback of 10% or so in the stock market for the last few weeks due to overvaluation.
February 28th, 2007 at 6:14 pmGod I hate Texas!!!!
February 28th, 2007 at 6:15 pmGohmert is part of the moron machine.
February 28th, 2007 at 6:16 pmDon’t mess with Texas.
February 28th, 2007 at 6:16 pmWe’re not done with it yet.
OMFG!!! So funny!!!!
February 28th, 2007 at 6:17 pmLouie, I’m trying to concentrate on what a shining star I am. Now, sit down and shut the hell up, you fool!
February 28th, 2007 at 6:17 pmComment by GSD #6
hahahahahahahahahahahahaha!!!!
Funny, I likey… :)
February 28th, 2007 at 6:17 pmMan, that’s the kind of talk that deserves cat-calls and boos! Where were they?
February 28th, 2007 at 6:19 pmWe should all note for what class Rep. Gohmert speaks.
According to “Stock Market Wealth and Consumption” by James Poterba published in the Journal of Economic Perspectives in Spring 2000 10% of US housefolds own 91.2% of all stocks! 1% of US households own 53.2% of all stocks!
February 28th, 2007 at 6:20 pmashamed of my state once again…
February 28th, 2007 at 6:20 pmi really need to move
Gohmert is a joke.
This is proof most Republicans are idiots.
queue a patrick starfish idiotic statement in 3, 2, 1
February 28th, 2007 at 6:21 pmI should add a drop in the stock market does not have an immediate effect on the “real” economy and is sometimes a leading indicator of where the economy is heading.
Rep. Gohmert is a tool of the capitalist class or, maybe, just a tool!
February 28th, 2007 at 6:22 pm“We built a great economy. Don’t blow it quite so quickly”
You’re kidding, right? What he means is that “we” (meaning republicans) took a good economy, slowed it down… knocked some of the supports out and when it threatens to fall while someone is trying to put it back together…. they say “Don’t touch anything or it will fall and it will be your fault”
Good one Gohmert. You’d also probably counsel someone not to pull their rip cord because it might fail to open.
February 28th, 2007 at 6:23 pmHere, I’ll give it a try:
Liberals are the reason the stock market dropped, because they hate America.
-Patrick1
God it is easy to be a troll. No thinking involved, no facts, links, research. You just type whatever garbage you want and then click post.
February 28th, 2007 at 6:24 pmI blame it all on Sgt. Carter cuz he was bangin’ my girl Miss Lou ann Poovey.
February 28th, 2007 at 6:24 pmLike its that great an economy if a few words from a Congressional Representative can blow it all so quickly.
February 28th, 2007 at 6:26 pmThat John Murtha is one powerful dude.
February 28th, 2007 at 6:26 pmOk, now I see why we’re stuck with the quality of troll we get here – they’re sending all their really smart guys to congress.
February 28th, 2007 at 6:27 pmTP: “Murtha Caused Market Plunge”
A more creative approach: Murtha’s Retreat Plan Caused Attempt On Cheney, Leading Markets To Plunge
February 28th, 2007 at 6:28 pmOk, now I see why we’re stuck with the quality of troll we get here – they’re sending all their really smart guys to congress.
Comment by Quadrajet
Of course! OMFG, it’s so clear now…
February 28th, 2007 at 6:29 pmSome body quick, call a proctolagest and have this nut bag removed from bull shit bush’s ass……..Blessings
February 28th, 2007 at 6:30 pmAren’t all the woes of the country – and the world – blamed on Democrats and Clinton?
February 28th, 2007 at 6:31 pmGomer is so ridiculous as to be an embarrassment even for Texas republiscum.
Rep Gomer: “We built a great economy. Don’t blow it quite so quickly.”
Seems to me that a “great economy” wouldn’t be so easily shaken by lawmakers threatening to “raise taxes” or “undermining the president’s security policy”.
Of course, maybe if the “prosperity” of that “great economy” was built on overextended credit and the squeezing of more productivity out of American workers without paying them more money, THAT might shake such an economy…
February 28th, 2007 at 6:34 pmBased on his logic, the market would have dumped last November!
February 28th, 2007 at 6:34 pmTexas is ground zero for political morons.
-GSD
February 28th, 2007 at 6:34 pmfolks the Chinese…
…had a dry run yesterday…
…dumping U.S. dollars…
Comment by big papa
That was among my first thoughts yesterday. Regardless of the reason for China’s problem – the result here was a preview of what would happen if they called in their IOUs from the USA.
February 28th, 2007 at 6:36 pmThis guy sounds genuinely stupid.
February 28th, 2007 at 6:37 pmOf course! OMFG, it’s so clear now…
Comment by Zooey — February 28, 2007 @ 6:29 pm
Right Zooey? I totally unmisunderstandamate the stratergery now.
February 28th, 2007 at 6:37 pmLouie, Louie Oh what a wanker you are…
February 28th, 2007 at 6:37 pmRep. Gohmert = CUA (Completely Useless American)
February 28th, 2007 at 6:39 pmI totally unmisunderstandamate the stratergery now.
Comment by Quadrajet
I’ve heard there’s a treatment plan being developed for that….
February 28th, 2007 at 6:39 pmI’d like to take that yellow rose of Texas and shove it right up Louie’s rectum, if he wasn’t such a good and loyal family friend. A-hem…
February 28th, 2007 at 6:40 pmLiberals are the reason the stock market dropped, because they hate America. -Patrick1
I see our friendly neighborhood troll has received his buckley-gram of dubious talking points.
February 28th, 2007 at 6:40 pmnow is this things district one where the bovine outnumber the sapien?
February 28th, 2007 at 6:41 pmis this where men are men and sheep are nervous
and Pennsylvania is a place inhabited by religious fanatics
Gohmert is such a Pyle.
My thoughts exactly about China.
February 28th, 2007 at 6:43 pmMurtha’s plan is also the cause of cancer in lab rats, halitosis, and why the universe was subjected to a sequel to Blue Lagoon. Members of the “Democrat” America hating party know no limits to their evil plans to kill kittens and destroy civilization itself.
/channeling Roger Roger
February 28th, 2007 at 6:44 pmSome body quick, call a proctolagest and have this nut bag removed from bull shit bush’s ass……..Blessings
Comment by Sharon #29
THAT’S IT Sharon…
…go to your room young lady…
…such language!
Zooey and Spudge have been an awful influence on you…
hehehehehehehehehe!!!!!! :)
February 28th, 2007 at 6:45 pmZooey and Spudge have been an awful influence on you…
hehehehehehehehehe!!!!!! :)
Comment by big papa
I’d say I resemble that remark, but I think I have a lot to learn from our Sharon. :)
February 28th, 2007 at 6:48 pmMurtha’s also the cause of tooth decay, sink holes and sock eating dryers.
February 28th, 2007 at 6:49 pmLiberals are the reason the stock market dropped, because they hate America. -Patrick1
I see our friendly neighborhood troll has received his buckley-gram of dubious talking points.
Comment by Crazy Eddie
Actually that was someone doing a Patrick imitation. But you see how easily believable it is…which I think was their whole point in posting it. haha
February 28th, 2007 at 6:51 pmComment by Quadrajet #26
hahahahahahahahahaha!!!!
Sooo, that’s what it is eh?
February 28th, 2007 at 6:52 pmIs it something in the water in Texas that makes them believe impossible things?
February 28th, 2007 at 6:53 pmand why the universe was subjected to a sequel to Blue Lagoon.
Comment by lestatdelc
LMAO!!!
February 28th, 2007 at 6:53 pmMurtha can also give you bad acne.
February 28th, 2007 at 6:54 pmBut you see how easily believable it is –CON
I don’t think it’s believable at all. To me it’s just another mythical talking point that needs to have it’s feet kicked out from under it.
February 28th, 2007 at 6:56 pmGohmert might be inferring that war is good for our the economy. We do borrow heavily to finance this Iraqle debacle.
February 28th, 2007 at 6:57 pmCrazy Eddie,
Someone said where is Patrick1.
So, I wrote the first stupid talking point I came up with.
I then followed up with:
That was the point. It is very easy to be a troll, because there is absolutely no thinking or work involved.
February 28th, 2007 at 6:59 pmfalse quotes, junk science misrepresentations……………now this. If a lawmaker can’t get simple facts like this right then how can he/she be trusted to get the important facts right?
These are the people that hold the lives of our servicemen and women in their hands at a time when facts are more important than ever.
February 28th, 2007 at 7:00 pmIs it something in the water in Texas that makes them believe impossible things? Comment by powkat
Naw, its from inhaling too much bovine methane.
February 28th, 2007 at 7:01 pmMy bad, I didn’t clarify my meaning. What was believable was that Patrick would come on here spouting that nonsense. You know it’s a myth, and I know it’s a myth, and anyone that isn’t being spoonfed their talking points by the blowhards knows it’s a myth. I don’t emphasize the con in CONservative cause I agree with that rubbish. Carry on…
February 28th, 2007 at 7:04 pmPersonally I’d say that Gomer’s declaration…
…in this public forum…
…is emboldening America’s economic enemies…
…and disheartening…
…Wall Street…
Why do Gomer and the Repulsivescum hate America’s economy?
February 28th, 2007 at 7:05 pmDoes anybody actually believe this idiot?
February 28th, 2007 at 7:06 pmNaw, its from inhaling too much bovine methane.
Comment by Crazy Eddie
I knew there was a reason I’ve been avoiding Texas…
February 28th, 2007 at 7:06 pmCrazy Eddie,
Someone said where is Patrick1.
So, I wrote the first stupid talking point I came up with.
Ahh Sooo.
After seeing so many troll posts like that it becomes a natural reflex.
Funny. =)
February 28th, 2007 at 7:07 pmOh, I thought it was Bill Clinton’s fault. Isn’t that usually who they blame EVERYTHING on?
February 28th, 2007 at 7:09 pmI guess the tripe I posted was too close to the real thing. : )
February 28th, 2007 at 7:10 pmlol what a dumbass
February 28th, 2007 at 7:12 pmNo problem CE, they all sound the same after awhile so it gets reflexive like you said. Still that’s the second time that’s happened to me today so I guess I should make an announcement to all the truthseekers on here…WE’RE ON THE SAME TEAM!!
February 28th, 2007 at 7:13 pmand he’s not the exception – his statements reflect the rule, the main-stream of republican’t cravenness. the gop has put a terrible, long-lasting hurt on itself by making the grim transformation that people like Atwater and Gingrich engineered. they are badly screwed, for decades to come.
February 28th, 2007 at 7:14 pmI knew there was a reason I have been avoiding Texas.
Not only do we have Trucks with horns on the hood now they also have giant testes hanging from the back. Avoid these vehicles at all costs they have consumed large amounts of bovine growth hormones and may charge for no reason!
February 28th, 2007 at 7:15 pmLouie Gohmert-”PILE”–of SHIT or a PAIN IN THE ASS–A HEMORRHOID! WHAT WILL THESE repugnant-repubs SAY or DO to FURTHER THEIR OWN POLITICAL GAIN? BARTER OFF THEIR OWN GRANDMOTHER? I WOULDN”T PUT IT PAST THESE FUDGE-PACHYDERM SCUMBAGS LIKE Gohmert and his BUTT-bretheren! HEMORRHOIDS OF A FEATHER STICK TOGETHER!!!!! HAH HAH HAH!!!!!
February 28th, 2007 at 7:15 pmbig papa, I am so sorry,/ Not…. I cleaned my room and walked Bear in this miserable snow, can I come out now,?…BTW Zooey, 2 inches of snow and still coming down, hope you like snow…I’m tired of it had to bring all my prim roses in last night….Back on track….Love the post’s #59 big papa is priceless..Blessings all…P.S. Don’t drink the water in Texas, it causes insanety..
February 28th, 2007 at 7:16 pmGoehmert Pyle is still smarting from when Jack Murtha Pimp-Slapped his ass on the floor of the house.
Now he’s trying to get back at him. Can you still see the hand-print?
February 28th, 2007 at 7:16 pmDear trolls:
If you have money invested in the stock market and you actually believe that’s what drives the stock market. Good luck with your investing, you’ll need it!
February 28th, 2007 at 7:16 pmP.S. Don’t drink the water in Texas, it causes insanety..
Comment by Sharon
That is why I use a Bria water filter here in Austin hehe
February 28th, 2007 at 7:21 pmSometimes I think I haven’t achieved all I could in life. Then I see that people like this can be elected to Congress. There is just no way this guy is that uninformed. Bryan for Congress ‘08……hmm.
February 28th, 2007 at 7:23 pmTangent; http://kucinich.us/node/1060
Without the cost of the Iraq war, the Department of Defense’s budget exceeds $400 billion annually. In a period of just two years, from FY2007 through FY2009, the combined DOD and the Iraq war spending could cost our nation over $1 trillion!
It is a destructive fiscal policy. Worse than destroying itself, our government, in choosing destruction, is destroying our children’s future and the future of our nation. We are borrowing billions from Bejing (with whom we have a $220 billion trade deficit), to fight in Baghdad. How can we control our own future, if our driving national purpose is to deprive others of their future?
February 28th, 2007 at 7:27 pmNot only do we have Trucks with horns on the hood now they also have giant testes hanging from the back. Avoid these vehicles at all costs they have consumed large amounts of bovine growth hormones and may charge for no reason!
Comment by Crazy Eddie
Heh. Safety first……if not class. :)
February 28th, 2007 at 7:29 pmNewsBreak:
The Congressional District this Jackass is from is entirely populated by Bulls. He speaks for his constituents. Promote him to Secretary of the Treasury. We need this economic genius in a more important stooge position spewing bull.
P.S. I hope the Chinese cash in their IOUs on Friday.
February 28th, 2007 at 7:30 pmWelcome to the United States of Idiots!
February 28th, 2007 at 7:31 pmOf course you can blame Murtha for anything these days.
May be Rep. Gohmert ’s fight with his neighbor has something to do with Murtha..may be Gohmert favorite basketball team lost because of Murtha also.
May be Murtha conspiring with Red China to shake the markets…!!!
Looks like Murtha is replacing Bill Clinton from now on as the punch bag.
February 28th, 2007 at 7:32 pmThe stock market has been moving up since July 2006, and we’re in the 4th year of the bull market. Pullbacks and corrections are healthy events and create buying opportunities.
As I noted in my blog, I don’t believe the correction is over yet. Today was just a relief bounce from yesterday’s rinse, but it was on light trading volume as traders are a bit shaken. I’d expect more down. But once the SP500 has come down 5-10% from the highs, it might present a good buying opportunity.
The stock market doesn’t move up or down in a straight line. There are always countertrend moves here and there. And we can always scan the headlines for reasons why. Sometimes what didn’t matter yesterday or last week suddenly matters.
The economy continues to grow, inflation is low, the country is at full employment and spending levels are high at the federal, state and local levels.
February 28th, 2007 at 7:35 pmthe country is at full employment
Comment by muckdog #80
…tell that to the chronically unemployed…
JERK!
February 28th, 2007 at 7:38 pmMolly, can you hear me?
February 28th, 2007 at 7:46 pmFor the most part, I’ve had a warm spot in my heart for East Texas. I have friends there. But here we have this over-the-top spaghetti monster diatribe from Gohmert, a Congressman from Tyler, Texas blaming Murtha for what is essentially a global stock market correction and, just a few days earlier, an egregious act of racism against a disabled black man in Linden, Texas (less than 100 miles from Tyler) makes national news. East Texas needs to chill out.
February 28th, 2007 at 7:54 pm“The economy continues to grow, inflation is low, the country is at full employment and spending levels are high at the federal, state and local levels.”
Things are just great in Fantasyland.
February 28th, 2007 at 7:56 pmhe stock market doesn’t move up or down in a straight line. There are always countertrend moves here and there. And we can always scan the headlines for reasons why.
Why are these traders so jumpy muckdog?
February 28th, 2007 at 7:59 pmA storm, a news report, a burp from Greenspan, rusty refinery pipes, computer glitch, Y2K, dandruff commercials…and off they go!
Comment by Michael — February 28, 2007 @ 7:54 pm
FYI: We have a really stooooopit troll here, named michael. If someone starts trashing you suddenly, or praising your new-found brain, they’re thinking your the troll.
You might consider adding an initial or something….
February 28th, 2007 at 7:59 pmAnd this month, the Virgil Goode “I can’t be that stupid” Award goes to…… This is nearly as dumb as our genius South Carolina Senator DumbAss Jim Demint. This goon stated that no unmarried woman should be allowed to teach in public schools. And probably half of the state nodded in agreement. F%$&K me to tears!!!!
February 28th, 2007 at 8:45 pmAnd these are the ‘markets’ the Bush administration wants to invest our Social Security funds?
Oh shit.
February 28th, 2007 at 8:48 pm#80. The economy was below 4% unemployment for a couple of months during the Clinton administration.
How do you define “full employment?”
February 28th, 2007 at 8:53 pm#81 – “tell that to the chronically unemployed.”
Maybe they’re chronically unemployed because they are chronically unemployable. Here are a few suggestions for helping the unemployed get and advance in their jobs:
a.) stay in school – if you have dropped out, get back in.
b.) don’t pop out kids until you can support them ALL by yourself.
c.) practice filling out employment applications so you don’t misspell words.
d.) unless you’re applying at an alternative music store, leave the gangsta garb at home, minimize your face jewelry and cover up your “body art”. Be on time for your interview.
e.) project an interest in the company – don’t ask all about the benefits – until it looks like the job is yours.
f.) come to work 10 minutes before your start time. Don’t be the first one out the door.
g.) exceed your customers and bosses expectations. When you move to a better job, they will be sorry to see you go – and give you a good recommendation.
h.) attitude is everything – you are responsible for your own attitude.
i.) ask to learn new things at work. Don’t be caught saying “that isn’t my job.”
Hope this helps those chronically unemployed.
February 28th, 2007 at 8:55 pmMaybe they’re chronically unemployed because they are chronically unemployable. Comment by valiant venus — February 28, 2007 @ 8:55 pm
Or, because jobs suited to their abilities are unavailable. Like you probably can get lots of jobs licking toilets – matching to your skills perfectly!
Here are a few suggestions for helping the unemployed get and advance in their jobs:
a.) stay in school – if you have dropped out, get back in.
Comment by valiant venus — February 28, 2007 @ 8:55 pm
Over half of the country has less than a 98 IQ. Care to explain what ‘college’ they should go to? Maybe yours is a good choice for them, considering how st*pid you are!
b.) don’t pop out kids until you can support them ALL by yourself.
Comment by valiant venus — February 28, 2007 @ 8:55 pm
So you’re suggesting people become permanent students? Is that how a loser like you survives? C*nt?
c.) practice filling out employment applications so you don’t misspell words. Comment by valiant venus — February 28, 2007 @ 8:55 pm
You might try practicing blogging without misspelling words! Then again this post wouldn’t be nearly as funny if you could spell – st*pid c*nt!
d.) unless you’re applying at an alternative music store, leave the gangsta garb at home, minimize your face jewelry and cover up your “body artâ€. Be on time for your interview.
Comment by valiant venus — February 28, 2007 @ 8:55 pm
I’m sure all of the body art and face jewelry has really held back Paris Hilton and friends! Nothing like a little classist double standard – dum bass!!
e.) project an interest in the company – don’t ask all about the benefits – until it looks like the job is yours. Comment by valiant venus — February 28, 2007 @ 8:55 pm
Yeah, everyone is really interested in the fine quality work of flipping burgers! You’re a st*pid classist c*nt!
f.) come to work 10 minutes before your start time. Don’t be the first one out the door. Comment by valiant venus — February 28, 2007 @ 8:55 pm
Is that what you do, while commodity trading? Stay late and blog? Cheater!
g.) exceed your customers and bosses expectations. When you move to a better job, they will be sorry to see you go – and give you a good recommendation. Comment by valiant venus — February 28, 2007 @ 8:55 pm
You exceeding anyone’s expectations is a humorous prospect! If you ever do it – now that will be a miracle of employment! St*pid C*nt!
h.) attitude is everything – you are responsible for your own attitude. Comment by valiant venus — February 28, 2007 @ 8:55 pm
I agree, and you’re responsible for having the attitude of a c*nt.
i.) ask to learn new things at work. Don’t be caught saying “that isn’t my job.†Comment by valiant venus — February 28, 2007 @ 8:55 pm
Yeah, everyone wants to learn how to dunk fries! You’re a classist dum bass c*nt!
Hope this helps those chronically unemployed. Comment by valiant venus — February 28, 2007 @ 8:55 pm
Nope, but a lobotomy might help you – you racist, bigoted, classist, hypocritical hate filled c*nt!
February 28th, 2007 at 9:22 pmSome people are too funny for words, although I do hate to make fun of people who compare favorably with Forrest Gump.
February 28th, 2007 at 9:40 pmThe economy was below 4% unemployment for a couple of months during the Clinton administration. How do you define “full employment?â€
According to the US Federal Reserve, full employment is considered to be an unemployment rate of 5% or less.
Over half of the country has less than a 98 IQ.
We call them “Democrats.”
February 28th, 2007 at 9:48 pmpeople who saw the 2004 debate between Kerry and Bush and decided that Bush won are the ones with 98 IQ. There may have been some dems in that group – but I guarantee most were repugs. Look what these geniuses have given us, endless war – and a money pit without end devouring our treasury so evil greedy CEOs and a-holes like muckdog can claim a great economy.
Lots of jobs in the service sector, paying less than a living wage with no vacation, no benefits. Yeah full employment my ass. The govt does not count those whose unemployment ran out, so it is deceitful to claim that jobs abound – when the majority of jobs suck, I personally know MANY people who have a college education and cannot find a decent paying job. MILLIONs out of work does not constititute full employment dolt. muckdog eatsh!t&die
February 28th, 2007 at 10:00 pmWe call them “Democrats.â€
Comment by muckdog
Funny, we call them muckdog’s family tree.
February 28th, 2007 at 10:03 pmSix months until my child is off to college and I can begin planning for the great move. I hate it here. These neocons keep breeding. What they are producing does not give me hope for this country’s future!
The only reason Texas is still part of the US is because it sucks!!!!
February 28th, 2007 at 10:07 pmRep. Gomert isn’t ever worth listening to. He is just too wierd and detached from reality to consider. Strange that such a person would ever be elected to hold office.
Yesterday’s stock market plunge, and today’s tepid slight positive increase (and this is going to be a long roller-coaster ride, I fear), is a prime example of the down-side of the “global economy.” Much like the butterfly effect. China burps and the rest of the world global economy has the hickups. Some U.S. stocks made some slight recovery today, but the wave hit the European market today . Yesterday, they hadn’t been hit much…today was a different story. Don’t’ know where this will go next, and I hope it isn’t a ricochet effect happening. Suspect this is a warning for us though (in the practical sense.) Needless to say, this is NOT a political issue per se. This country, whether under Dem or Republican control, has not protected our economy very well for the last 30+ years. This huge deficit (national, annual and trade) that we carry, and WHO carries the debt is a major issue here. The Republicans, for the past 6 years, have run up that debt big time. But it has been a constant problem over a long period of time. Stupid rhetoric by stupid people like Gomert…is this what the “American way” has come to? If so, we are screwed.
February 28th, 2007 at 10:08 pmFunny, we call them muckdog’s family tree.
Comment by Zooey — February 28, 2007 @ 10:03 pm
Amazing how the funniest things are also too true!
February 28th, 2007 at 10:08 pm#93. I didn’t ask how the Federal Reserve defined it, I asked how you defined it. Accepting 5% as full employment, what is any unemployment rate below 5% known as? Also, how is this 5% rate determined? What is the criteria?
Last, according the the BLS and their latest (Dec ‘06) JOLT survey and official CPS, there are over 4.4 million job openings and over 6.8 million people people counted as unemployed. This means there are over 2.4 million people for whom there are no jobs available – let alone at a living wage.
By any standard, this is not full employment! Let me put it in a non-Orwellian way for you so you understand clearly, unemployment is not full employment!
February 28th, 2007 at 10:11 pmThank God I’m from Austin and not from Texas! I’d be embarrassed to be from the same state as that nitwit! j/k
February 28th, 2007 at 10:13 pmThank God I’m from Austin and not from Texas! I’d be embarrassed to be from the same state as that nitwit! j/k
Comment by kelso — February 28, 2007 @ 10:13 pm
Well Kelso, you can kiss your music career goodbye.
February 28th, 2007 at 10:29 pmpeople who saw the 2004 debate between Kerry and Bush and decided that Bush won are the ones with 98 IQ.
2004 voting demographics:
Kerry won the under $15K income group in a landslide, 71% to 29%.
Kerry won the under $30K income group in a landslide, 63% to 37%.
Between $30K-50K, the vote was split evenly between Bush and Kerry.
Bush won over $50K in a landslide, 58% to 41%.
Bush won over $75K in a landslide 55%-45%.
Bush won over $100K in a landslide, 58%-42%.
Bush won over $150K in a landslide, 63%-37%.
So in order to think republicans are stupid, you have to believe all the smart people in the country make less than $30K. LOL. Yeah, sure.
I didn’t ask how the Federal Reserve defined it, I asked how you defined it. Accepting 5% as full employment, what is any unemployment rate below 5% known as?
I agree with the Federal Reserve. Anything under 5% is full employment as measured by the BLS. Anything less than that for a prolonged period creates wage pressures, which the Fed will step in and kill, like they did from 1999-2000 with their series of rate hikes.
February 28th, 2007 at 10:46 pm101. Native Austinite’s for the most part have nothing but contempt for the people in the rest of this state, music be damned.
February 28th, 2007 at 11:03 pmYeah, I am guessing her family only added the T after seeing Andy Griffith.
February 28th, 2007 at 11:29 pmNot only is this a good reason for more tax cuts, it’s also probably cause to invade yet another resource-rich 3rd world country!
February 28th, 2007 at 11:30 pmLiberals are the reason the stock market dropped, because they hate America.
Patrick, do they even bother mailing you your checks anymore?
February 28th, 2007 at 11:31 pm#80 Take an economics course instead of your regularly scheduled poly-sci course next time. Maybe you will understand the world just a little better.
February 28th, 2007 at 11:34 pmpeople who saw the 2004 debate between Kerry and Bush and decided that Bush won are the ones with 98 IQ.
2004 voting demographics:
Kerry won the under $15K income group in a landslide, 71% to 29%.
So people that have money are gullible. Whats the point here?
February 28th, 2007 at 11:35 pm#108 You are generous. There is no way anybody with a 98 IQ still supports Bush. Only the really slow still does that.
February 28th, 2007 at 11:37 pmThis guy is brilliant.
Pretty soon he’ll be applying for press secretary.
March 1st, 2007 at 12:00 amAccording to the US Federal Reserve, full employment is considered to be an unemployment rate of 5% or less. Comment by muckdog — February 28, 2007 @ 9:48 pm
You’ve confused the unemployed, with those eligible for unemployment benefits (what we measure).
Over half of the country has less than a 98 IQ.
We call them “Democrats.â€
Comment by muckdog — February 28, 2007 @ 9:48 pm
Yet they vote the “Republic” party.
You’re a dum bass.
March 1st, 2007 at 12:32 amThe greenback has dropped nearly 35% in the last 6 years while gold has just about tripled.
Grover Norquist wanted to shrink goverment so he could drown it in the bathtub, instead Grover is gonna have to wrestle a wet gorilla who has nearly doubled it’s mass. (35%)
Cheney said, “It would be a serious mistake if a nation like Iran were to become a nuclear power. All options are still on the table.”
Tokyo gold futures then rocketed skyward toward a 21 year high while the dollar was left drowning in the gorillas bubble bath.
Heckuva Job!!
March 1st, 2007 at 12:37 ammuckdog
The average American wage has not risen in six years.
American personal indebtedness is up.
Manufacturing is still stuck in the 50 range (Niether growing nor shrinking.) This is an improvement, however, on the way it shrank up to 2004.
America’s deficit is at historic levels.
America’s national debt is at historic levels.
The only jobs sector over the last six years to have really grown – is the service sector.
America’s major creditor is China, which has just demonstrated how unstable its economy can be, when a rumour of possible reforms being discussed to try and slow its rapid growth – a source for concern for most economists – sent it’s stock exchange plunging to a ten year low. Recognise this was a rumor of a tentative maybe – not solid market forces.
America’s unemployment rate is largely meaningless – it only counts those on benefits, which isn’t the full number of unemployed people in America. Funny thing about Bush’s economy, unemployment started going down before he got those 2 million jobs that were lost in his first year back. Think a statistically significant number of people ran out of benefits maybe?
So excuse me while I avoid American stocks like the plague right now and buy gold.
March 1st, 2007 at 1:01 am#91 – “Care to explain what ‘college’ they should go to?”
Jason – College isn’t for everybody – you’re living proof. My suggestion was “a.) stay in school – if you have dropped out, get back in.” Maybe the best course for the chronically unemployed might be to finish high school and move onto good technical training….plumbers, electricians, mechanics, tile setters, masons earn excellent wages and are in demand.
Of course, the Left has a vested interest in a permanent under-class – they call them “constituents”. Unlike you, I want everyone to do well and have confidence that wonderful opportunities are available. It’s amazing what perserverance and persistence will do. (An aside – are you always soooo negative? No positive feedback from Mom? Your filthy mouth suggests severe Tourettes Syndrome. Are your doctors aware of your malady?)
March 1st, 2007 at 1:01 amOf course, the Left has a vested interest in a permanent under-class – they call them “constituentsâ€. Comment by valiant venus — March 1, 2007 @ 1:01 am
Permanent underclass? You mean the maids of the wealthy?
You’re a completely st*pid c*nt.
March 1st, 2007 at 1:12 amGoehmer is an ignoramus and a dense hick. It is absolutely amazing that the tax payers must subsidize these lower forms of life and their degenerate families, amd pay for THEIR healthcare for the rest of their miserable lives.
March 1st, 2007 at 1:28 am[...] out much of this will play out as he said she said. In the short term she’s right. BushCo and his Congressional lackies has less then two years to stone wall and claim that since he lied us into Iraq and we’re at [...]
March 1st, 2007 at 1:34 amAnother example of republican idiocy: Goehmer.
March 1st, 2007 at 10:55 amI’m trying to remember my NeoConman 101 here… If this had happened last year in, say, July, how would they have blamed Democrats and Clinton again?
March 1st, 2007 at 12:58 pm#118 – “If this had happened last year in, say, July, how would they have blamed Democrats and Clinton again?” Comment by Parrotlover77 — March 1, 2007 @ 12:58 pm
Parrotlover77, it’s simple: They would make the allegation as if it were fact, and ignore all evidence to the contrary.
This is typical of many neo-cons operations. They lie (usually badly) and then claim to be the injured party when they’re proven wrong.
March 1st, 2007 at 1:43 pmWhat an idiot.
March 1st, 2007 at 5:57 pmI worked hard to beat this guy in 2004. It’s a same that someone with his intellect is a United States Congressman.
March 1st, 2007 at 8:28 pm***shame…
March 1st, 2007 at 8:28 pmNone of you have any idea what you are talking about. Which makes perfect sense. Liberals are the least educated when it comes to economics. They do not understand the concept of supply and demand(which is why they promote communist-style policies). They have no idea how certain factors can effect the markets. This is evident in the today’s universities. Most of the liberal teachers and students can be found in the liberal arts side of the campus and you will find most conservative thinkers on the business end. Liberals want to force taxpayers to pay for policies that will bring them closer to their utopian-style society. Conservatives have a clear grasp of reality and know that this is impossible so they promote policies that will build a stronger more market driven society. They beleive people have power over their own lives and liberals beleive that people are victims of the system if they are not successful in life and so they deserve a paycheck for being a screwup.
March 2nd, 2007 at 9:52 amtomcat
Conservatives, by and large, don’t know shit. It is that simple.
They do not grasp the fundemental basic idea that for a supply and demand economy to work, you need to have people with enough money to actually supply the demand.
They do not realise that paying your workers shit, means your workers will not be able to buy that car, will not be able to pay for that watch, and will not be able to supply jobs for other workers.
Further, Rightwingers such as yourself, who know jack-shit about real life, do not realise that a company is not in it for the workers, if a company can get away with paying its workers less it will. Pay comes out of profits – this is the basic truth of economics you pay what you have to and you charge what you can get away with.
If wages are low, you will not pay more just because you have a good year, you will pay less, and still hire the same number of people, for the smaller amount.
Further, as a matter of truth, here is a little bit of hard learned from actually living on this planet truth for you: CEO’s aren’t there to make a profit. they are there to make the share price go up for the short, generally five year, terms they are in – and if that means screwing the workers, the economy and the planet so be it. They aren’t there for the long haul.
The reason why Republican, rightwing laises faire economic systems (Read a book, look it up, and while you are at it, read up a bit on the great depression) don’t work, is because ultimately anarchy does not work. It is not a reflection of liberalism that you don’t know your shit, it is an accurate indictment of you personally that you posted that drivel without even trying to reason out your bald assertion.
March 2nd, 2007 at 12:28 pmRight, ’cause Republicans are soooooooooooo good for the economy.
Whatever.
March 2nd, 2007 at 1:00 pm.