Its About to Get Worse for Democrats, A Lot Worse
Jun 1, 2014 04:24:27 #
Its About to Get Worse for Democrats, A Lot Worse
May 31, 2014 / Article by John Ransom
Medical research has indicated that people like schizophrenics, or people suffering from mania, cannot distinguish between voices outside of themselves and the self-talk that goes inside their head. Its just a simple biologic matter of that particular brain not being able to make that distinction.
Democrats have that same problem.
And heres why: the only voices that are truly outside Democrats heads are voices from the opposition that they pay no attention to.
Criticism to Democrats is like a dog whistle. They just cant hear that frequency.
The media, the bureaucracy, the economists, the government funded nongovernmental organizations and academia all speak inside the Democrat brain. And Democrats cant distinguish this internal self-talk from legitimate outside praise.
So like people who suffer from delusions, its just a simple matter of Democrats not being able to make the distinction between self-talk and reality.
Yesterday on Ransom Notes Radio we ran a clip of Mike McKee, the eternal optimist for Bloomberg (media), talking about how the numbers indicated that we could be looking at 4% annual growth in GDP this quarter.
Of course I made fun of him, and today it's hard for me to see how recent consumer spending numbers would be consistent with that type of robust GDP growth. We have yet to see sustained economic growth under the Obama administration, or the Carter administration for that matter.
For the second day in a row the Commerce Department released numbers that caught economist off guard and demonstrated once again that all the "happy talk" about the economy is premature. In April consumer expenditures fell rather than rose, as economist widely expected. From Bloomberg:
Household purchases, which account for about 70 percent of the economy, dropped 0.1 percent, the first decrease in a year, after a revised 1 percent gain the prior month that was the strongest reading since August 2009, Commerce Department figures showed today in Washington. The median forecast of 77 economists in a Bloomberg survey called for a 0.2 percent April rise. Incomes advanced 0.3 percent after climbing 0.5 percent.
And since they can't blame the weather in April, what's the rationale to explain how they missed the decline in consumer spending? They blame the weather of course-- again.
Economists are saying the pent-up demand in March--because of the terrible winter weather prior to that-- skewed the numbers upward, and that in April we are just coming back to a more realistic spending pattern.
A lot of pent-up activity took place in March and now were coming back to more normal levels of spending, said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut. Stanley was one of economists who correctly predicted the decline. The risk at this point is that the consumer is falling back into a pattern of mediocre spending growth.
And herein we see the problem: I don't know what alternate reality economist live in, but certainly a 1/10% drop in consumer spending isn't mediocre spending growth. Either Stanley or I have the math wrong here. So if I carry the 2, divide by 13, use only whole numbers... yes: a drop in consumer spending is STILL the opposite of growth.
Yet, the media, the bureaucracy, the economists, the government funded nongovernmental organizations and academia are only hearing their self-talk inside the Democrat brain.
We are six years into this same pattern. And the Democrat brain is still saying the same things, even though the reality says something very different.
The bond market is telling us that this economy is in trouble. Stock markets do rally during recessions, so dont take this market top as a sign that everythings great. And inflationary pressures are beginning to heat up a little bit. Get ready for stagflation. Oh, wait, it's already here.
At what point do Democrats start to scramble for self-preservation? Because if the pattern holds true, this economy is going down, not up. Quantitative Easing, at least in the short term, made up a bit for all of the policy initiatives from Democrats that killed jobs.
Those days are over, as even the liberals at the Fed have indicated.
And as I pointed out, mid-terms are coming up really soon.
I truly believe that the Democrats can no longer distinguish between their own internal self-talk and reality.
And thats why before these things get a little better, things are getting a lot worse.
End of Article
Comments;
I predict the trolls will go bananas with this one!
May 31, 2014 / Article by John Ransom
Medical research has indicated that people like schizophrenics, or people suffering from mania, cannot distinguish between voices outside of themselves and the self-talk that goes inside their head. Its just a simple biologic matter of that particular brain not being able to make that distinction.
Democrats have that same problem.
And heres why: the only voices that are truly outside Democrats heads are voices from the opposition that they pay no attention to.
Criticism to Democrats is like a dog whistle. They just cant hear that frequency.
The media, the bureaucracy, the economists, the government funded nongovernmental organizations and academia all speak inside the Democrat brain. And Democrats cant distinguish this internal self-talk from legitimate outside praise.
So like people who suffer from delusions, its just a simple matter of Democrats not being able to make the distinction between self-talk and reality.
Yesterday on Ransom Notes Radio we ran a clip of Mike McKee, the eternal optimist for Bloomberg (media), talking about how the numbers indicated that we could be looking at 4% annual growth in GDP this quarter.
Of course I made fun of him, and today it's hard for me to see how recent consumer spending numbers would be consistent with that type of robust GDP growth. We have yet to see sustained economic growth under the Obama administration, or the Carter administration for that matter.
For the second day in a row the Commerce Department released numbers that caught economist off guard and demonstrated once again that all the "happy talk" about the economy is premature. In April consumer expenditures fell rather than rose, as economist widely expected. From Bloomberg:
Household purchases, which account for about 70 percent of the economy, dropped 0.1 percent, the first decrease in a year, after a revised 1 percent gain the prior month that was the strongest reading since August 2009, Commerce Department figures showed today in Washington. The median forecast of 77 economists in a Bloomberg survey called for a 0.2 percent April rise. Incomes advanced 0.3 percent after climbing 0.5 percent.
And since they can't blame the weather in April, what's the rationale to explain how they missed the decline in consumer spending? They blame the weather of course-- again.
Economists are saying the pent-up demand in March--because of the terrible winter weather prior to that-- skewed the numbers upward, and that in April we are just coming back to a more realistic spending pattern.
A lot of pent-up activity took place in March and now were coming back to more normal levels of spending, said Stephen Stanley, chief economist at Pierpont Securities LLC in Stamford, Connecticut. Stanley was one of economists who correctly predicted the decline. The risk at this point is that the consumer is falling back into a pattern of mediocre spending growth.
And herein we see the problem: I don't know what alternate reality economist live in, but certainly a 1/10% drop in consumer spending isn't mediocre spending growth. Either Stanley or I have the math wrong here. So if I carry the 2, divide by 13, use only whole numbers... yes: a drop in consumer spending is STILL the opposite of growth.
Yet, the media, the bureaucracy, the economists, the government funded nongovernmental organizations and academia are only hearing their self-talk inside the Democrat brain.
We are six years into this same pattern. And the Democrat brain is still saying the same things, even though the reality says something very different.
The bond market is telling us that this economy is in trouble. Stock markets do rally during recessions, so dont take this market top as a sign that everythings great. And inflationary pressures are beginning to heat up a little bit. Get ready for stagflation. Oh, wait, it's already here.
At what point do Democrats start to scramble for self-preservation? Because if the pattern holds true, this economy is going down, not up. Quantitative Easing, at least in the short term, made up a bit for all of the policy initiatives from Democrats that killed jobs.
Those days are over, as even the liberals at the Fed have indicated.
And as I pointed out, mid-terms are coming up really soon.
I truly believe that the Democrats can no longer distinguish between their own internal self-talk and reality.
And thats why before these things get a little better, things are getting a lot worse.
End of Article
Comments;
I predict the trolls will go bananas with this one!
Jun 1, 2014 05:10:56 #
Jun 1, 2014 06:05:30 #
Gitzo wrote:
Its About to Get Worse for Democrats, A Lot Worse... (show quote)
More insanity. You really should see a doctor.
Reality is that the black guy you hate who resides in the White House will be there until January 2017.
Jun 1, 2014 10:20:54 #
Gitzo wrote:
I predict the trolls will go bananas with this one!
They would if anyone wasted their time reading the crap you continue to cut and paste.
Jun 2, 2014 00:01:34 #
tschmath wrote:
They would if anyone wasted their time reading the crap you continue to cut and paste.
You should tell that to the troll woman, hand fairy; she follows me around like a an old dog in heat! BTW, I's been a pleasure not seeing around of late!
Jun 2, 2014 01:19:41 #
Jun 2, 2014 02:08:52 #
oregon don wrote:
I imagine you will foist Jeb Bush on us
Well actually "Don", I don't expect that I'll have a whole hell of a lot to "do" with it! (Inasmuch as the GOP hasn't decided as yet to allow ME to select the nominee............)
But here's a suggestion, Don......why not contact John Ransom and "ask him"? (Afterall, Don, he's the guy who wrote the article. ) (Got it yet, Don? )
Jun 2, 2014 02:17:24 #
dljen wrote:
More insanity. You really should see a doctor.
Reality is that the black guy you hate who resides in the White House will be there until January 2017.
Reality is that the black guy you hate who resides in the White House will be there until January 2017.
More stupidity from the troll.......you should both thumbs up your nose.
BTW troll......he's only 25% black......the rest is "yet to be determined".......same as where he was born......troll
Jun 2, 2014 02:19:40 #
Gitzo wrote:
Well actually "Don", I don't expect that I'll have a whole hell of a lot to "do" with it! (Inasmuch as the GOP hasn't decided as yet to allow ME to select the nominee............)
But here's a suggestion, Don......why not contact John Ransom and "ask him"? (Afterall, Don, he's the guy who wrote the article. ) (Got it yet, Don? )
But here's a suggestion, Don......why not contact John Ransom and "ask him"? (Afterall, Don, he's the guy who wrote the article. ) (Got it yet, Don? )
The Repubs will have to swallow hard and accept Jeb. He's the only remote chance they have to get the White House unless Hillary does run. They don't like his opinion on immigration and also, of course, that he is a Bush. Reveals their true feelings about Jr. Also, he speaks out for Common Core and FOX has their minions hating that.
They could run one of the crazies but Ted Cruz and Rand Paul have a limited following even within their own base.
Jun 2, 2014 06:35:18 #
Jun 2, 2014 08:45:51 #
woody54895 wrote:
Talk about the pot calling the kettle black.
which pot and which kettle?
Jun 2, 2014 08:48:40 #
oregon don wrote:
I imagine you will foist Jeb Bush on us
I have not seen anyone from either party worth my vote yet. It will be another tough election year.
Jun 2, 2014 09:52:25 #
sirlensalot
Loc: Arizona
GeneB wrote:
I have not seen anyone from either party worth my vote yet. It will be another tough election year.
Ditto!
Jun 2, 2014 10:07:05 #
Gitzo wrote:
You should tell that to the troll woman, hand fairy; she follows me around like a an old dog in heat! BTW, I's been a pleasure not seeing around of late!
You really didnt do too good a job of running her ass over..I assume it was you..You truckers are all the same probably still your fault, or Bushes , anyone but hers, Im sure
Jun 2, 2014 10:31:56 #
dljen wrote:
The Repubs will have to swallow hard and accept Jeb. He's the only remote chance they have to get the White House unless Hillary does run. They don't like his opinion on immigration and also, of course, that he is a Bush. Reveals their true feelings about Jr. Also, he speaks out for Common Core and FOX has their minions hating that.
They could run one of the crazies but Ted Cruz and Rand Paul have a limited following even within their own base.
They could run one of the crazies but Ted Cruz and Rand Paul have a limited following even within their own base.
Actually Donna, Ben Carson is starting to look really good. I don't think Jeb has much of a chance and Ted, well, who knows. I don't take much stock in what the GOP has to offer at this time. But there is still time for anything to happen.
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