Morgan Stanley: U.S. dangerously close to recession

[Facetious]

Morgan Stanley: U.S. 'dangerously close' to recession

In its report, Morgan Stanley lowered its global growth forecast to 3.9 percent this year from 4.2 percent, and to 3.8 percent in 2012 from 4.5 percent.

It also said the United States and Europe were "dangerously close" to a recession over the next 6 to 12 months. It said "policy errors" in both the United States and Europe had led to the global downgrade.

http://www.chicagotribune.com/busin...y-close-to-recession-20110818,0,4812238.story


''O''-bummer

 

[Trident1]

"O"-trauma.

 

[accountantNOT]

"O"-trauma.

"The political brinksmanship of recent months highlights what we see as America's governance and policymaking becoming less stable, less effective, and less predictable than what we previously believed. The statutory debt ceiling and the threat of default have become political bargaining chips in the debate over fiscal policy," the report said.

Another official with Standard & Poor's, director Joydeep Mukherji, told POLITICO that the stability of American political institutions were undermined by the fact that "people in the political arena were even talking about a potential default." He didn't mention who those people were. "That a country even has such voices, albeit a minority, is something notable," he added. "This kind of rhetoric is not common amongst AAA sovereigns."

http://www.politifact.com/truth-o-m...nn-said-standard-poors-downgrade-proved-she-/

GOP spending cuts would hit economy hard February 24, 2011


The more federal spending Congress slashes this year, the greater the potential drag on economic growth, according to a new analysis from Goldman Sachs.

In a research note, economists at the Wall Street bank estimate that the House GOP's spending bill -- which would cut $61 billion between March and Sept. 30 -- could reduce economic growth by 1.5 percentage points to 2 percentage points in the second and third quarters.

http://money.cnn.com/2011/02/23/news/economy/spending_cuts_economic_growth/index.htm

 

[monicasilver]

http://www.politifact.com/truth-o-m...nn-said-standard-poors-downgrade-proved-she-/



http://money.cnn.com/2011/02/23/news/economy/spending_cuts_economic_growth/index.htm

I get that.

Don't you think that this was partially payback from the Republicans for railroading Obamacare through? Obama didn't just ram it though, he insulted the Republicans while he did it.

Other presidents were able to get the limit raised with opposing parties in the House without all of this nonsense.

I'm not saying that Obama is the only jerk, but he is one of them, and there is a "House" full of jerks too.

With all of the tax discussion, what we saw was a bunch of people collecting salaries and other benefits that come from taxes and they weren't acting in our best interest.

 

[accountantNOT]

I get that.

Don't you think that this was partially payback from the Republicans for railroading Obamacare through? Obama didn't just ram it though, he insulted the Republicans while he did it.

Other presidents were able to get the limit raised with opposing parties in the House without all of this nonsense.

I'm not saying that Obama is the only jerk, but he is one of them, and there is a "House" full of jerks too.

With all of the tax discussion, what we saw was a bunch of people collecting salaries and other benefits that come from taxes and they weren't acting in our best interest.

I still don't understand why Republicans oppose 'Obamacare' when it was them who came up with the idea in the first place. And it was hardly rammed through, it passed along partisan lines just like Medicare Part D which was a costlier program - after months and months of drama.

I don't think the Teabaggers care about it anyway, given that they campaigned against Medicare cuts and are now advocating turning the whole program into a private voucher system.

 

[Hot Mega]

Don't you think that this was partially payback from the Republicans for railroading Obamacare through? Obama didn't just ram it though, he insulted the Republicans while he did it.

I'm sure acctNOT will acquit himself quite nicely in responding to this...but but but...

If opening up a policy for national debate, holding town hall meetings (hijacked by Tea Baggers for what apparently was the mere sake of obstructionism), meeting several times with GOPer leaders over it FOR-AN-ENTIRE-YEAR...amounts to railroading in your mind...then GOOD LAWD!!!:eek::eek:

Congrats M/S you have just earned the very first Fu Manchu to be awarded here!!

You know, for a song who's lyrics say mostly "it makes no sense at all" but is called Fu Manchu...which makes no sense at all.

Make sense?

I still don't understand why Republicans oppose 'Obamacare' when it was them who came up with the idea in the first place. And it was hardly rammed through, it passed along partisan lines just like Medicare Part D which was a costlier program - after months and months of drama.

I don't think the Teabaggers care about it anyway, given that they campaigned against Medicare cuts and are now advocating turning the whole program into a private voucher system.

:goodpost::clap:

 

[Legzman]

Morgan Stanley: U.S. 'dangerously close' to recession

In its report, Morgan Stanley lowered its global growth forecast to 3.9 percent this year from 4.2 percent, and to 3.8 percent in 2012 from 4.5 percent.

It also said the United States and Europe were "dangerously close" to a recession over the next 6 to 12 months. It said "policy errors" in both the United States and Europe had led to the global downgrade.

http://www.chicagotribune.com/busin...y-close-to-recession-20110818,0,4812238.story


''O''-bummer

"O"-trauma.

Obama

 

[monicasilver]

I still don't understand why Republicans oppose 'Obamacare' when it was them who came up with the idea in the first place. And it was hardly rammed through, it passed along partisan lines just like Medicare Part D which was a costlier program - after months and months of drama.

I don't think the Teabaggers care about it anyway, given that they campaigned against Medicare cuts and are now advocating turning the whole program into a private voucher system.

I suspect the Republicans were against it because it was an Obama initiative.

I don't like it primarily because without tort reform, any health care plan isn't going to help. That is going to continue to drive the behaviors of the doctors to recommend specialists instead of providing more cost effective treatment. Adding administration on top of inefficient process doesn't make it more affordable.

I don't see either party tackling the issue.

I watched the news. Obama did ram it though. The vote being on party lines is a good indication of that. He also would not consider other alternatives and continually accused the Republicans of not having any. He was going to get his way, a better leader would have thought ahead and tried to create a better working relationship. Not that it would be easy, but in my opinion I only saw theater, not a genuine attempt to include both parties in the solution.

(Just my opinion on this, but calling the opposition names reduces your credibility. "Teabaggers" is derogatory even though it is in common usage. I think they are a group that act more on emotion than logic, but the reflection of using that term is on you.)

 

[monicasilver]

Obama

Yup, name calling isn't witty and it devalues the one doing it.

 

[Mayhem]

I suspect the Republicans were against it because it was an Obama initiative.

That is such an intelligent reason to vote against something.....because someone else wants it too.

 

[Hot Mega]

(Just my opinion on this, but calling the opposition names reduces your credibility. "Teabaggers" is derogatory even though it is in common usage. I think they are a group that act more on emotion than logic, but the reflection of using that term is on you.)

Tea Baggers call themselves Tea Baggers.

Now that it's been spun into a pejorative they now (and by extension have led the easily influenced along with them) whine citing it as an 'insult'.

Sorry. Not my problem when some can't sleep in the beds they've made.:2 cents:

Hey...for the sake of argument, I can entertain a high-brow discussion just on the issues all day long. But what pray-tell should people who do the ridiculous and say the ridiculous expect but ridicule???

 

[monicasilver]

That is such an intelligent reason to vote against something.....because someone else wants it too.

Yup, not exactly working together for the people, huh?

 

[Legzman]

Yup, name calling isn't witty and it devalues the one doing it.

I call it like I see it

 

[tsans]

Morgan Stanley seems to have a keen grasp of the obvious

 

[accountantNOT]

I suspect the Republicans were against it because it was an Obama initiative.

I don't like it primarily because without tort reform, any health care plan isn't going to help. That is going to continue to drive the behaviors of the doctors to recommend specialists instead of providing more cost effective treatment. Adding administration on top of inefficient process doesn't make it more affordable.

Without the public option, overall it would not be as much about affordability but rather bending the cost curve down by bringing more people into the pool.

I watched the news. Obama did ram it though. The vote being on party lines is a good indication of that. He also would not consider other alternatives and continually accused the Republicans of not having any. He was going to get his way, a better leader would have thought ahead and tried to create a better working relationship. Not that it would be easy, but in my opinion I only saw theater, not a genuine attempt to include both parties in the solution.

Personally, I don't see the reason for more Republican ideas given the fact that it was an original Republican idea to begin with and more importantly - without a public option, it was further to the right from the start.

(Just my opinion on this, but calling the opposition names reduces your credibility. "Teabaggers" is derogatory even though it is in common usage. I think they are a group that act more on emotion than logic, but the reflection of using that term is on you.)

That's true but I find the term 'Obamacare' derogatory as well. As Maher once said, I will stop calling them teabaggers if they stopped calling it Obamacare.

 

[monicasilver]

I call it like I see it

I think you were the one to get the spelling right. :clap:

 

[monicasilver]

Without the public option, overall it would not be as much about affordability but rather bending the cost curve down by bringing more people into the pool.

I agree with that.

Personally, I don't see the reason for more Republican ideas given the fact that it was an original Republican idea to begin with and more importantly - without a public option, it was further to the right from the start.

I'm neutral on this other than I think the Republicans still take it as it being rammed through. I'm certainly not saying the Republicans had a valid option, I'm just saying from what I saw it was theater of meeting, then a slap for obstructing, and then voting on party lines any way. The outcome may have been the same regardless, but I don't think Obama was sincere in this and it came back to hurt him.

That's true but I find the term 'Obamacare' derogatory as well. As Maher once said, I will stop calling them teabaggers if they stopped calling it Obamacare.

I knew someone would hit on this. However, Obama said he was ok with this. I agree with him, having your name tied to a health care bill is a noble thing. I also believe his efforts are of noble intent.
My intent was not to be derogatory. However, your point is valid and I thought of the way it may be interpreted after I clicked.

I guess my point on that is we can choose to be mean or not. If you (not "you" specifically) choose to be mean, I'm really not interested in engaging on that level.

 

[Hot Mega]

I'm neutral on this other than I think the Republicans still take it as it being rammed through. I'm certainly not saying the Republicans had a valid option, I'm just saying from what I saw it was theater of meeting, then a slap for obstructing, and then voting on party lines any way. The outcome may have been the same regardless, but I don't think Obama was sincere in this and it came back to hurt him.

Not that you were 'axing' me but I believe what hurt Obama was allowing the nonsensical perception/spin of it being 'rammed' through to fester in spite of the facts. Sorta like allowing the birther nonsense to fester...

What hurt Obama and Demos is the fact that they didn't lead..people..humans have shown time and time again they will following someone who is effectively leading them, off a cliff. Demos just didn't lead on anything and deserved to be turned out.

I knew someone would hit on this. However, Obama said he was ok with this. I agree with him, having your name tied to a health care bill is a noble thing. I also believe his efforts are of noble intent.
My intent was not to be derogatory. However, your point is valid and I thought of the way it may be interpreted after I clicked.

No comment.

I guess my point on that is we can choose to be mean or not. If you (not "you" specifically) choose to be mean, I'm really not interested in engaging on that level.

Poster 1: Obama is raising taxes on the middle class.

Poster 2: Where? Obama's tax plan is ...fact, fact, fact, fact...

Poster 1: You're just in love with Obummer.

Poster 2: If you say so, but refute one fact I've stated.

Poster 1: Troll.

Poster 2: Meh....I thought not.

Poster 1: (PM'ing fellow team members)....psst..let's try and get blah blah blah banned.

Poster 1: :Flame::Flame::Flame::Flame::Flame::Flame::Flame:

Poster 2: Here we go again...

Poster 3: They're mean.

 

[Straight Shooter]

I suspect the Republicans were against it because it was an Obama initiative.

I don't like it primarily because without tort reform, any health care plan isn't going to help. That is going to continue to drive the behaviors of the doctors to recommend specialists instead of providing more cost effective treatment. Adding administration on top of inefficient process doesn't make it more affordable.

I don't see either party tackling the issue.

I watched the news. Obama did ram it though. The vote being on party lines is a good indication of that. He also would not consider other alternatives and continually accused the Republicans of not having any. He was going to get his way, a better leader would have thought ahead and tried to create a better working relationship. Not that it would be easy, but in my opinion I only saw theater, not a genuine attempt to include both parties in the solution.

(Just my opinion on this, but calling the opposition names reduces your credibility. "Teabaggers" is derogatory even though it is in common usage. I think they are a group that act more on emotion than logic, but the reflection of using that term is on you.)

I'll stop calling them Teabaggers when they stop saying Obamacare

 

[Hot Mega]

I guess my point on that is we can choose to be mean or not. If you (not "you" specifically) choose to be mean, I'm really not interested in engaging on that level.

BTW, whatever happened to people (and supposed 'friends') being able to just dish and take good natured, albeit barbed ribbings from time to time??



Fucking people too serious all the time...a harmless poke or jab becomes an 'insult'.