Black Friday Expectations and Stimulus Exaggerations
by The New LedgerBlack Friday predictions run from pessimistic to disastrous, negative interest rates worry the markets, and the New York Times makes ridiculous claims about the success of the stimulus. We discuss all this and more on today’s Coffee and Markets, a daily podcast from The New Ledger on politics, policy and the marketplace with Francis Cianfrocca, brought to you by BigGovernment.com.
Audio clip: Adobe Flash Player (version 9 or above) is required to play this audio clip. Download the latest version here. You also need to have JavaScript enabled in your browser.
Download Podcast | iTunes | Podcast Feed
You can subscribe to the podcast by following the links above, and if you’d like to email us, you can do so at coffee[at]newledger.com. We hope you enjoy the show.
Related Links:
NYT: Stimulus was Awesome!
MSNBC: Black Friday Safety
SmartMoney: Wall Street Expects Big Black Friday
Email this to a friend | Print |
Share on Facebook
| Tweet this
| 
Follow Us on Twitter
Subscribe via RSS
Got a Tip?
10 Comments
Edward Hopper was probably a psychic/prescient. That work always reminds me of the malaise that overtakes when Democrats control Congress, something Hopper may have foreseen.
Those people must be pondering their plight as they sup at a diner rather than at a restaurant with tablecloths and menus after they just filed their tax returns.
Social comments and analytics for this post…
This post was mentioned on Twitter by Erudite_Enigma: Black Friday Expectations and Stimulus Exaggerations: Black Friday predictions run from pessimistic to disastro.. http://bit.ly/08pzOmn...
“It is only when the people become ignorant and corrupt, when they degenerate into a populace, that they are incapable of exercising their sovereignty.
Usurpation is then an easy attainment and an usurper soon found. The people themselves become the willing instruments of their own debasement and ruin.” – James Monroe
Of course the Oabam adminstration has exaggerated the stimulas! its the only way they can keep you looking the other way while they continue tosteal your money and your freedoms! every bill they have passed since taking over has been about controling us and making us poorer so the dictators at the UN can keep their countries and not have to compete with our freedom and wealth! wake Up america! Our politians have sold us out for a few pieces of silver and personal power! Kick them out! Start the recalls! Start protesting loudly! Demand justice and be willing to back it up with force if ned be! These peole are destorying the greatest country on the planet for their personal gains! Wake Up! They are enslaving your children and grand children!
They are dumbing down the people so that we are no brigter than the people in Africa without eductations! wake Up! They are teaching gay pride, sex ed, global warming and such nonesense. They aren't teaching math, reading, writing the basics anymore. They can only control us if they control the knowledge we have! wake up and demand the school boards step down. Take back control of children futures there is a reason why public schools are failing. The government wants them too! Wake Up and take a stand for your children's future! it's up to you! Only you can fight for your freedom. Only you can save your children's freedoms! Call your local offices of the congress and tie up the lines, fax them continually, picket their homes and offices! wake Up america! You don't, you lose! you will be broke and slave by the next election cycle, if there is one! Now is the time for civil disobience! Stop the health care bill, stop cap and trade, stop government growth and spending, stop Oabma from bowing to emperors and dictators! wake Up America! before your whole life is stolen!
You have to love the NY Times and their "Geniuses". No matter how wrong they were, things would have been much worse had they not tampered with the economy in the first place, wash, rinse and repeat until our country looks like a version of the movie "Road Warrior"
I love the idea of a tax holiday to allow people to rebuild their wealth, only 2 problems, the government would have to stop spending the next 100 generations incomes, and it might work. I also think there would be a heck of a lot of spending in some segments of the population. That would be really bad news for the progressives, I mean let people keep and do what they will with their own money?
Preposterous!
As far as jobs why not a similar program, every tax dollar owed by business could instead be used to hire new US employees? If the idea behind stimulus is to get job growth bypass the middle man, again same two problems, might work, and lets business manage itself.
Take it step further, capital gains holiday, any money invested in a new business over the next 4 years is free of capital gains forever, makes risk a bit more tenable in tough times.
The real issue is the insanity of the progressives, there will be no stability until they are put away in the insane asylum where they belong, less stability = more risk = worse economy, great depression phrase was "They went home and cried into their martinis" or something like that. Of course they could bring back the "Undistributed Profits" tax I suppose.
Fixing the problem they created means getting them out of the loop, and that is too great a price to pay for a progressive.
I think a lot of people have been cutting back on gifts and treats for their children during most of the year (at least compared to past years), and this might be one time they might try to splurge without going into debt. It wil be interesting.
Hi there, awesome site. I thought the topics you posted on were very interesting
You must be logged in to post a comment.