Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Royal Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 12-22-2012, 12:02 AM   Topic Starter
Direckshun Direckshun is online now
Black for Palestine
 
Direckshun's Avatar
 
Join Date: Oct 2006
Location: Springpatch
Casino cash: $9031
The fiscal cliff could undo the recovery.

Should we not only take the tumble off the fiscal cliff on January 1st (which, after the GOP's "Plan B" implosion, I now regard as likely) and not get the drastic cuts and tax increases resolved before February (when the cliff is expected to start making its real presence felt), or if we have another debt ceiling standoff in March, we are potentially averting a real recovery.

I don't think we would be plunging into a recession, as the CBO projects it could, because Obama can manipulate when the tax increases actually take effect and he can slowly implement the cuts, radical as all these things are.

But what we are starting to see in the economy is the headwinds of a sturdy recovery that would set the table for a solid recovery in 2014:
  • Personal consumption rose 0.4 percent this past month.
  • Income rose 0.6 percent this month, including a 0.8 percent increase in disposable income -- a hugely important number, as that is more demand being injected into the economy.
  • The third quarter GDP was actually upgraded from 2.7 to 3.1 percent.
  • States have stopped acting as an incredible drag on the economy, though it may still be a couple years before they start contributing to our national GDP.
  • The tepid recovery we've had has occurred in spite of the housing market languishing. Well that dynamic is no more, the housing market is recovering much faster, and is now halfway back to normal.
  • Fourth quarter GDP is up.
  • As for employment, the numbers are better. 43 states and DC report lower unemployment rates, and unemployment now sits at 7.7% nationally.
The absolute only thing that can derail a recovery is ourselves.

We can shoot ourselves in the foot, that's it. A recovery will occur if we do not do that. A steady one in 2013, and a really good one in 2014, with housing gathering steam.
Posts: 44,472
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 12:15 AM   #2
Prison Bitch Prison Bitch is offline
The Bitch is back
 
Prison Bitch's Avatar
 

Join Date: Nov 2012
Location: Lees summit
Casino cash: $11374
Gearing up for yet another "Recovery Summer", eh?
Posts: 14,097
Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.Prison Bitch threw an interception on a screen pass.
  Reply With Quote
Old 12-22-2012, 12:21 AM   #3
Direckshun Direckshun is online now
Black for Palestine
 
Direckshun's Avatar
 

Join Date: Oct 2006
Location: Springpatch
Casino cash: $9031
Quote:
Originally Posted by Prison Bitch View Post
Gearing up for yet another "Recovery Summer", eh?
What?
__________________
Posts: 44,472
Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.Direckshun is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 03:07 AM   #4
Comrade Crapski Comrade Crapski is offline
Banned
 

Join Date: Mar 2012
Location: Sea of Green 23.4
Casino cash: $5000
Posts: 3,833
Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.Comrade Crapski is too fat/Omaha.
  Reply With Quote
Old 12-22-2012, 04:34 AM   #5
Mr. Flopnuts Mr. Flopnuts is offline
The People's Mod
 
Mr. Flopnuts's Avatar
 

Join Date: Mar 2005
Location: The Capital
Casino cash: $60210
There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
__________________
Grammar: The difference between knowing your shit, and knowing you're shit.
Posts: 44,981
Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.Mr. Flopnuts is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 08:40 AM   #6
BucEyedPea BucEyedPea is offline
BucPatriot
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $9911
Quote:
Originally Posted by Mr. Flopnuts View Post
There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
They'd only blame the GOP because the media told them that. The fact that so many have bought into this "fiscal cliff" is another example. If the congresses passes a budget, two versions and goes home...then Obama could be blamed too.
__________________
Posts: 57,692
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 08:53 AM   #7
Radar Chief Radar Chief is offline
Wearing ballistic dog goggles.
 
Radar Chief's Avatar
 

Join Date: Mar 2001
Location: In the box.
Casino cash: $6570
Quote:
Originally Posted by Mr. Flopnuts View Post
There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
Right, because the MSM won't let their guy take the hit and there are still enough gullible people in this country to buy what they're selling.
__________________
Like "Cool Hand" Luke I'm busting rocks.

__/|_/[___]
|/ \\_| ---OllllO
_( ))~-( ))-0--))
Posts: 22,494
Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.Radar Chief is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 09:22 AM   #8
Ebolapox Ebolapox is offline
remember, remember
 
Ebolapox's Avatar
 

Join Date: Jul 2002
Casino cash: $6453
Quote:
Originally Posted by Mr. Flopnuts View Post
There is no doubt that the public would blame the GOP, and it would completely destroy that party for the foreseeable future. They'd disagree, but then again, they all were shocked it wasn't Romney in a landslide, so they don't exactly have the pulse of the people these days. We'll do what we always do, wait and see.
the public is ****ing retarded then. this is on BOTH parties. why one party gets to skate while the other takes the whole blame is ****ing stupid.
Posts: 25,554
Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.Ebolapox is too fat/Omaha.
  Reply With Quote
Old 12-22-2012, 04:40 AM   #9
RedNeckRaider RedNeckRaider is offline
Got highway?
 
RedNeckRaider's Avatar
 

Join Date: Sep 2001
Location: Close to the big pond~
Casino cash: $6659
What recovery?
__________________
It would indeed be a tragedy if the history of the human race proved to be nothing more than the story of an ape playing with a box of matches on a petrol dump.
David Ormsby Gore~
Posts: 24,152
RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 12:24 PM   #10
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $1097
Quote:
Originally Posted by RedNeckRaider View Post
What recovery?
You know, the one we can credit Obama with if it happens and blame the Republicans for if it doesn't. That one,
Posts: 20,639
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 06:19 AM   #11
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $8264
Its Barrys ball. Its his shot.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 28,716
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 06:34 AM   #12
RedNeckRaider RedNeckRaider is offline
Got highway?
 
RedNeckRaider's Avatar
 

Join Date: Sep 2001
Location: Close to the big pond~
Casino cash: $6659
Quote:
Originally Posted by HonestChieffan View Post
Its Barrys ball. Its his shot.
He planned for this, he is tickled shitless. Everybody pays more taxes and it is of course somebody else's fault. His cult type followers will buy his finger pointing hook line and sinker~
__________________
It would indeed be a tragedy if the history of the human race proved to be nothing more than the story of an ape playing with a box of matches on a petrol dump.
David Ormsby Gore~
Posts: 24,152
RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.RedNeckRaider is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 06:46 AM   #13
HonestChieffan HonestChieffan is offline
Country Santa Year Around
 
HonestChieffan's Avatar
 

Join Date: Jan 2006
Location: In the Country in MO
Casino cash: $8264
Quote:
Originally Posted by RedNeckRaider View Post
He planned for this, he is tickled shitless. Everybody pays more taxes and it is of course somebody else's fault. His cult type followers will buy his finger pointing hook line and sinker~
And he gets to spend like a madman. Pure win for him.
__________________
Frazod to KC Nitwit..."Hey, I saw a picture of some dumpy bitch with a horrible ****tarded giant back tattoo and couldn't help but think of you." Simple, Pure, Perfect. 7/31/2013

Dave Lane: "I have donated more money to people in my life as an atheist that most churches ever will."

Come home to Jesus Dave. Come home.
Posts: 28,716
HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.HonestChieffan is obviously part of the inner Circle.
  Reply With Quote
Old 12-22-2012, 07:43 AM   #14
Bwana Bwana is offline
GONE FISHING
 
Bwana's Avatar
 

Join Date: Aug 2000
Location: Billings, Montana
Casino cash: $7492
Mercy
__________________
A gun is like a parachute. If you need one, and don't have one... you'll probably never need one again.


Posts: 47,578
Bwana has disabled reputation
  Reply With Quote
Old 12-22-2012, 08:39 AM   #15
BucEyedPea BucEyedPea is offline
BucPatriot
 
BucEyedPea's Avatar
 

Join Date: Apr 2006
Location: None of your business
Casino cash: $9911
There's no recovery. It was always a bullshit claim with bogus numbers.

The bond market is going to burst anyway.
__________________
Posts: 57,692
BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.BucEyedPea is obviously part of the inner Circle.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 02:54 AM.


This is a test for a client's site.
A new website that shows member-created construction site listings that need fill or have excess fill. Dirt Monkey @ https://DirtMonkey.net
Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.