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The Recovery Thread
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caniff



Joined: 03 Feb 2004
Location: All over the map

PostPosted: Thu Feb 03, 2011 2:09 pm    Post subject: Reply with quote

Menino80 wrote:
mises wrote:
What is incorrect. Be specific.


Paulson did not threaten martial law.


Wait, was there talk of the possibility of social unrest that might lead to martial law (which would be a threat to national securiity, etc.), or was the threat more "direct"?
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Menino80



Joined: 10 Jun 2007
Location: Hodor?

PostPosted: Thu Feb 03, 2011 2:53 pm    Post subject: Reply with quote

caniff wrote:
Menino80 wrote:
mises wrote:
What is incorrect. Be specific.


Paulson did not threaten martial law.


Wait, was there talk of the possibility of social unrest that might lead to martial law (which would be a threat to national securiity, etc.), or was the threat more "direct"?


Yeah it's kind of cloudy as it's [insert wacko blog/website here] reporting Inhofe/Sherman reporting Paulson.

Alex Jones lead with a headline using "threat" but a smaller heading using "warn", which of course have completely different meanings, but why should the meanings of words matter to a good ol' boy like Alex Jones?

What's interesting about this story is that neither Sherman nor Inhofe says specifically "Paulson warned [or threatened] martial law", at least as its quoted.

Sherman talks about martial law, Inhofe about Paulson, but I don't see a quote here that puts Paulson together with martial law.

Jones comes in with "martial law" buried in about 3 lines of questioning, but Inhofe never says "martial law".

After reading, I'm to blame for taking Mises' link's "warn" and turning it into "threat", but there are more than a few sites specifically leading with "threaten".

Really, it's just crappy journalism from the great Southwest Paranoia Belt.

http://www.prisonplanet.com/paulson-was-behind-bailout-martial-law-threat.html
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Thu Feb 03, 2011 3:18 pm    Post subject: Reply with quote

Menino80 wrote:
mises wrote:
James Inhofe (R) and Brad Sherman (D) say marital law was the threat.

Two US Senators.

Quote:
This is the problem with the Senatorial system, Oklahoma gets just as much say as California.


Sherman is from Cali.


Sherman is in the House, which is full of squirrelly q's.

Sorry I'm not believing anything Inhofe reports from the Cabinet about martial law, black helicopters, or the Federal Reserve. Too directly in his constituents' paranoid anti-government wheelhouse.


Obnoxious.
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Menino80



Joined: 10 Jun 2007
Location: Hodor?

PostPosted: Thu Feb 03, 2011 3:38 pm    Post subject: Reply with quote

mises wrote:
Menino80 wrote:
mises wrote:
James Inhofe (R) and Brad Sherman (D) say marital law was the threat.

Two US Senators.

Quote:
This is the problem with the Senatorial system, Oklahoma gets just as much say as California.


Sherman is from Cali.


Sherman is in the House, which is full of squirrelly q's.

Sorry I'm not believing anything Inhofe reports from the Cabinet about martial law, black helicopters, or the Federal Reserve. Too directly in his constituents' paranoid anti-government wheelhouse.


Obnoxious.


Indubitably. But when compared to some of the guys you link to, not even a drop in the bucket.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Thu Feb 03, 2011 3:38 pm    Post subject: Reply with quote

Quote:
Yeah it's kind of cloudy as it's [insert wacko blog/website here] reporting Inhofe/Sherman reporting Paulson.

Alex Jones lead with a headline using "threat" but a smaller heading using "warn", which of course have completely different meanings, but why should the meanings of words matter to a good ol' boy like Alex Jones?

What's interesting about this story is that neither Sherman nor Inhofe says specifically "Paulson warned [or threatened] martial law", at least as its quoted.


You can listen to the audio here:

http://westernstandard.blogs.com/shotgun/2008/11/treasury-secret.html
Quote:
Pat Campbell: �Somebody in D.C. was feeding you guys quite a story prior to the bailout, a story that if we didn�t do this we were going to see something on the scale of the Depression, there were people that were talking about martial law being instituted, civil unrest�.who was feeding you guys this stuff? Because clearly it worked on [Oklahoma Congressman John] Sullivan, clearly it worked on [Oklahoma Senator Tom] Coburn, it didn't work on you.�

Sen. Jim Inhofe: �That was Henry Paulson. We had a conference call early on, it was on a Friday I think -- a week and half before the vote on Oct. 1. So it would have been the middle � what was it -- the 19th of September, we had a conference call. In this conference call -- and I guess there�s no reason for me not to repeat what he said, but he painted this picture you just described. He said, �This is serious. This is the most serious thing that we faced. This is going to be far worse than the Great Depression in the 30s' -- and all these things, he was very descriptive -- if we didn't buy out these toxic assets, which he abandoned the day after he got the money.�


http://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.html

Quote:
Paul Kanjorski, a Pennsylvania Democrat, asked Mr Paulson to reveal details of officials' concerns, which were relayed to Congress in hasty conference calls last year. The calls included discussion of law and order and whether it would be possible to feed the American people, and for how long, according to Mr Kanjorski.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Thu Feb 03, 2011 3:40 pm    Post subject: Reply with quote

Menino80 wrote:
mises wrote:
Menino80 wrote:
mises wrote:
James Inhofe (R) and Brad Sherman (D) say marital law was the threat.

Two US Senators.

Quote:
This is the problem with the Senatorial system, Oklahoma gets just as much say as California.


Sherman is from Cali.


Sherman is in the House, which is full of squirrelly q's.

Sorry I'm not believing anything Inhofe reports from the Cabinet about martial law, black helicopters, or the Federal Reserve. Too directly in his constituents' paranoid anti-government wheelhouse.


Obnoxious.


Indubitably. But when compared to some of the guys you link to, not even a drop in the bucket.


I'll be sure to clear sources with you from now on.
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Menino80



Joined: 10 Jun 2007
Location: Hodor?

PostPosted: Thu Feb 03, 2011 4:11 pm    Post subject: Reply with quote

mises wrote:
[

You can listen to the audio here:


Right, I heard that. Never did Inhofe say anything about Paulson and martial law. He answered the question "who talked to you?", Jones was the guy who threw in all the unsubstantiated paranoid BS embedded in the quesiton. Inhofe never confirms Jones' leading questions.

Quote:

http://www.independent.co.uk/news/business/news/paulson-reveals-us-concerns-of-breakdown-in-law-and-order-1750076.html

Paul Kanjorski, a Pennsylvania Democrat, asked Mr Paulson to reveal details of officials' concerns, which were relayed to Congress in hasty conference calls last year. The calls included discussion of law and order and whether it would be possible to feed the American people, and for how long, according to Mr Kanjorski.


Well, Kanjorski is obviously is trying to score some points on Paulson and Paulson is being a wiener (as is his custom), but I don't see definitive proof of a "threat" of martial law, much less a "warning". He very well could have been just giving a "worst case" scenario wedged in with "best-case" and "expected", although I do doubt this. I can certainly imagine Paulson, in his wienerish way, playing up the situation to the Committee members.

There's plenty of good analysis out there about the BS that went down in 2008/2009, and that George Washington "Martial Law" lead is neither good nor analysis.
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Menino80



Joined: 10 Jun 2007
Location: Hodor?

PostPosted: Thu Feb 03, 2011 4:12 pm    Post subject: Reply with quote

mises wrote:

I'll be sure to clear sources with you from now on.


Lovely, thank you.
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mises



Joined: 05 Nov 2007
Location: retired

PostPosted: Thu Feb 03, 2011 4:23 pm    Post subject: Reply with quote

Menino80 wrote:
but I don't see definitive proof of a "threat" of martial law, much less a "warning".


I suppose it would take Paulson walking up to you and screaming it in your face eh. A touch stubborn, maybe?

Washington's Blog is an excellent resource. Which is why he is a guest poster on the two best finance/macro sites out there: Naked Capitalism and Zero Hedge.

..

Shall I just stick to people employed by Sulzberger, Don Graham and Bloomberg? I trust they're sufficient.
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Menino80



Joined: 10 Jun 2007
Location: Hodor?

PostPosted: Thu Feb 03, 2011 5:10 pm    Post subject: Reply with quote

mises wrote:
Menino80 wrote:
but I don't see definitive proof of a "threat" of martial law, much less a "warning".


I suppose it would take Paulson walking up to you and screaming it in your face eh. A touch stubborn, maybe?

Washington's Blog is an excellent resource. Which is why he is a guest poster on the two best finance/macro sites out there: Naked Capitalism and Zero Hedge.

..

Shall I just stick to people employed by Sulzberger, Don Graham and Bloomberg? I trust they're sufficient.


I would like someone in Congress to say "Paulson threatened martial law" before I would begin to entertain the thought that Paulson threatened martial law to Congress. I know, a real hardcase.
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Kuros



Joined: 27 Apr 2004

PostPosted: Tue Apr 03, 2012 1:54 pm    Post subject: Reply with quote

Ignore Gross Domestic Product: Pay Attention to Gross Domestic Income

Quote:
GDI figures for the fourth quarter of 2011 were just revised up to 4.4 percent, which is a serious, serious recovery speed. GDP figures for the same period stayed flat at 3 percent.

If the latest 4.4 percent GDI growth figure is indeed a better indicator of the economy's growth, then there is little doubt that the recent jobs surge is here to stay.


4.4% growth isn't quite 'Morning in America' recovery, but its pretty damned good, nonetheless.
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Kuros



Joined: 27 Apr 2004

PostPosted: Fri Apr 06, 2012 5:44 am    Post subject: Reply with quote

US Unemployment Report (graph)








Nearly a five-year embargo on posting images in this forum
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Kuros



Joined: 27 Apr 2004

PostPosted: Fri Apr 06, 2012 6:11 am    Post subject: Reply with quote

New jobs breakdown, courtesy of BLS.

From this month: Manufacturing +37k, Retail -34k, Health care +26k, Food services +37k, Movie/sound -8k, Finance +15k, Professional/Biz Services +31k, Education +11k

Manufacturing is coming back, but unfortunately McDonalds is getting even stronger. Retail is shedding as you'd expect in the internet shopping era.
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Kuros



Joined: 27 Apr 2004

PostPosted: Sat Jun 16, 2012 6:03 am    Post subject: Reply with quote

At this point, Europe's crisis is stalling the U.S. recovery.
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