View Full Version : On the U. S. Economy
Homage to Pressing On
This is an article by Larry Kudlow
http://article.nationalreview.com/?q=YzIwNGI4ZTVjN2VkM2M5NjcxZWQ2NWMxMWNlYjdmZWM=
What exactly is wrong with an optimistic president who has confidence in the long-run future of the American economy?
President Bush took this stance in a recent interview with me and at the Economic Club of New York. He told me, “Like any free market, there’s also downturns, and we’re in one. But I am confident in the long-term strength of our economy.”
Optimism, after all, is one of the few levers our chief executive can use every day. By remaining optimistic, Bush is borrowing a page from Ronald Reagan, and rejecting a whole book of malaise from Jimmy Carter.
Bush is dealing with the housing and mortgage credit virus. But he will avoid anything that will doom future economic growth. He wants to stop overzealous regulatory legislation that will turn the U.S. back thirty years. And he won’t bow to tax hikes and trade protectionism. While the rest of the world is embracing free-market American-style capitalism, he won’t lurch left with big-government programs.
Home prices must adjust lower to end the housing downturn. And it’s precisely these lower prices that will allow young families to afford new homes. Prices may fall, but homes don’t go away. Markets, not government, are the best way to sort this out.
Bush gets all this. And yet he’s attacked for his free-market moorings. Liberal columnist Maureen Dowd says he’s “plum loco.” She and Sen. Charles Schumer call him the new Herbert Hoover.
But let’s take a closer look.
It was Hoover who signed the Smoot-Hawley trade-protectionism act and overturned the Coolidge-Mellon tax cuts. These disastrous measures — along with monetary contraction from a fledgling Federal Reserve — turned a recession into a depression. FDR didn’t help matters, either. His misbegotten tax hikes on successful earners and businesses, and his alphabet agencies to control the industrial and farming sectors, extended the depression and held unemployment near 20 percent.
Today, it’s the Hill-Bama Democrats who want to raise taxes on successful producers. And they want to turn protectionist by reopening NAFTA and stopping any new open-trade treaties. Schumer himself has spent years bashing China, threatening the nation with huge tariffs if its currency policies don’t conform to demands.
If anyone has resurrected the party of Hoover, it’s today’s Democrats. They’ve adopted pessimism as their national pastime, and want us to believe we’re already in a long and deep recession.
But not so fast.
The growing export sector is showing considerable strength. So are agriculture, energy, industrials, and international infrastructure. The e-forecasting economic service says GDP had a small gain in February and a positive reading of 1.5 percent over the past six months. The economy isn’t collapsing. And while it may be flat, there’s no deep recession.
Hooveresque monetary contraction? It’s not there, either. After numerous Fed easing moves, the three-month growth of the monetary base has shifted from minus-4 percent last December to plus-6 percent in mid-March. The broader M2 money supply has registered an 11 percent annual gain over the past three months.
Inflation remains a worry. And despite dissenting votes by Reserve Bank presidents in Dallas and Philadelphia, the Fed slashed its target rate by 75 basis points this week. But the Fed’s statement put a greater emphasis on inflation — which has risen to 4.5 percent — and the inflation-sensitive gold price dropped $65 on the news.
Big inflations cause deep recessions, and hopefully the central bank is moving back toward price stability. In fact, now would be a perfect time for the Treasury to publicly support a stronger dollar, and to conduct some dollar diplomacy with the G7 nations to defend the greenback.
On the housing-credit front, University of Michigan economist Mark Perry, using data from the Mortgage Bankers Association, points out that of the 46 million mortgages outstanding, only 2.04 percent were in the foreclosure process in last year’s fourth quarter. And most of those were confined to Nevada, Florida, Michigan, and Indiana.
Meanwhile, commercial mortgage delinquencies ended 2007 near record lows. And get this: Over the past year bank loans to businesses have grown by $250 billion. During the credit crunch of the early 1990s, these loans fell by $60 billion. Believe it or not, credit is still available, even to small businesses.
In the stock market, the best-performing sectors since the January 22 bottom have been transports (trucking and railroads), basic materials, energy, and industrials. These economic-sensitive areas point to a solid near-term pickup in economic growth.
Even John McCain is picking up. New polls from Zogby and Rasmussen give him a 6 to 8 point lead over Hill-Bama — a nod to Reagan-Bush pro-growth policies instead of high-tax, protectionist big-government from the Democrats.
So I’m glad President Bush is taking an optimistic view. That’s called leadership.
Digging4Truth
03-20-2008, 01:27 PM
LOL...
Ferd.... I certainly hope that he is right in his assessment on how he is doing. I am sure he is completely unbiased in his view.
I would love to be as wrong as they come on this one. Personally I could use a few years of at least keeping my job to get my things in better order.
I hope for the day, sir, that I have to shake my head and say... Man... did I get the direction of our economy wrong or what?
Only time will tell.
But... being optimistic doesn't make one a leader. Being right in your optimism in the face of critics who are wrong... that might do it.
It is whether he is right or wrong that will deem his optimism as leadership or as blindness.
And.. again... only time will tell.
DividedThigh
03-20-2008, 01:28 PM
good post ferd, not good news for the democrats but what is, lol,dt
LOL...
Ferd.... I certainly hope that he is right in his assessment on how he is doing. I am sure he is completely unbiased in his view.
I would love to be as wrong as they come on this one. Personally I could use a few years of at least keeping my job to get my things in better order.
I hope for the day, sir, that I have to shake my head and say... Man... did I get the direction of our economy wrong or what?
D, Kudlow would not be an unbiased fellow. He is the Sr. Economic Editor of the National Review. (these are my real leaders by the way)
so no. not unbiased.
but the information in the article that is of importance is the actual hard data he quotes. His assessment of things might be biased, but clearly the economic data related to the sectors that are showing real growth, the position of the US economy as opposed to the US economy at the Great Depression, and Money supply are hard data figures that arent subject to bias.
these are the things that I find telling.
I have been watching Kudlow and company on MSNBC at 6pm. it is some very enlightening information.
Pressing-On
03-20-2008, 01:34 PM
:stars:stars:stars
I had a call last night to be a write in vote on City Counsel this May election.
I think I'll accept, then I can become Mayor!
:stars:stars:stars
Digging4Truth
03-20-2008, 01:34 PM
D, Kudlow would not be an unbiased fellow. He is the Sr. Economic Editor of the National Review. (these are my real leaders by the way)
so no. not unbiased.
but the information in the article that is of importance is the actual hard data he quotes. His assessment of things might be biased, but clearly the economic data related to the sectors that are showing real growth, the position of the US economy as opposed to the US economy at the Great Depression, and Money supply are hard data figures that arent subject to bias.
these are the things that I find telling.
I have been watching Kudlow and company on MSNBC at 6pm. it is some very enlightening information.
Yes sir... like I say.. I would love to be wrong.
But, as I said in my previous post, only time will tell...
Pressing-On
03-20-2008, 01:35 PM
D, Kudlow would not be an unbiased fellow. He is the Sr. Economic Editor of the National Review. (these are my real leaders by the way)
so no. not unbiased.
but the information in the article that is of importance is the actual hard data he quotes. His assessment of things might be biased, but clearly the economic data related to the sectors that are showing real growth, the position of the US economy as opposed to the US economy at the Great Depression, and Money supply are hard data figures that arent subject to bias.
these are the things that I find telling.
I have been watching Kudlow and company on MSNBC at 6pm. it is some very enlightening information.
So, your homage to me entitles me to say - I told them so? Right? Cause I want to say it!!!!!!!!!!!!!!!!
:bliss:bliss
Digging4Truth
03-20-2008, 01:35 PM
:stars:stars:stars
I had a call last night to be a write in vote on City Counsel this May election.
I think I'll accept, then I can become Mayor!
:stars:stars:stars
I see you are optimistic.
Ergo... you would make a great leader.
:)
:stars:stars:stars
I had a call last night to be a write in vote on City Counsel this May election.
I think I'll accept, then I can become Mayor!
:stars:stars:stars
Go for it! spend money on fixing pot holes and picking up garbage and NOTHING ELSE>
DividedThigh
03-20-2008, 01:36 PM
:stars:stars:stars
I had a call last night to be a write in vote on City Counsel this May election.
I think I'll accept, then I can become Mayor!
:stars:stars:stars
go for it press, dt, go girl go girl
So, your homage to me entitles me to say - I told them so? Right? Cause I want to say it!!!!!!!!!!!!!!!!
:bliss:bliss
Hee hee.... you just make me laugh with all the extra long articles you like to post.
dont get me wrong, mostly I agree with all of them... it is just funny. you find so many!
Digging4Truth
03-20-2008, 01:36 PM
Go for it! spend money on fixing pot holes and picking up garbage and NOTHING ELSE>
Hmmmm...
Not sure what the covert message may be here.
Is there a scratching head emoticon?
:)
Pressing-On
03-20-2008, 01:38 PM
Go for it! spend money on fixing pot holes and picking up garbage and NOTHING ELSE>
Well, my best friend is on the City Council in her town next to mine. She gets to raise her voice in the meetings. I've learned to be so diplomatic on AFF that I thought I might qualify.
:ursofunny:ursofunny
Forget it! Nepotism reigns and I can't stand unfairness. I'd be in a bad mood every day!!!! :killinme
Pressing-On
03-20-2008, 01:38 PM
Hmmmm...
Not sure what the covert message may be here.
Is there a scratching head emoticon?
:)
It was prophecy, D4T. Just plain prophecy!
:ursofunny
Yes sir... like I say.. I would love to be wrong.
But, as I said in my previous post, only time will tell...
agreed. I dont think we are out of the woods yet... (Neither does Kudlow) inflation is the big worry....
my number 14 Spicy fried chicken at the local chinese resturant just went from $5.35 to $5.70 this week. ive eaten it almost weekly for the last 8 years!
inflation can be the killer.
by the way, the Dollar dropped to 1.5900 this past sunday. today it was around 1.5425 last i checked. that is very good news.
the dow is up better than 150 today. I think things are shaking out.
Well, my best friend is on the City Council in her town next to mine. She gets to raise her voice in the meetings. I've learned to be so diplomatic on AFF that I thought I might qualify.
:ursofunny:ursofunny
Forget it! Nepotism reigns and I can't stand unfairness. I'd be in a bad mood every day!!!! :killinme
Thats the very thing I said when a brother tried to get me to run for City Council
6 years ago!
Pressing-On
03-20-2008, 01:40 PM
Hee hee.... you just make me laugh with all the extra long articles you like to post.
dont get me wrong, mostly I agree with all of them... it is just funny. you find so many!
Now you know what I do with my time. It's not laundry. :ursofunny
The difference between you and I - I read the WHOLE article. Yes, I know. You are smarter and only have to skim over them. I have to see what I think they really mean between the lines.
DividedThigh
03-20-2008, 01:41 PM
agreed. I dont think we are out of the woods yet... (Neither does Kudlow) inflation is the big worry....
my number 14 Spicy fried chicken at the local chinese resturant just went from $5.35 to $5.70 this week. ive eaten it almost weekly for the last 8 years!
inflation can be the killer.
by the way, the Dollar dropped to 1.5900 this past sunday. today it was around 1.5425 last i checked. that is very good news.
the dow is up better than 150 today. I think things are shaking out.
dow up over 200 as we speak my friend, dt
Pressing-On
03-20-2008, 01:41 PM
Thats the very thing I said when a brother tried to get me to run for City Council
6 years ago!
My friend is always telling me something the "proud" Council is trying to enforce. I asked her why doesn't she just quit. :ursofunny Plus, I can't pay attention to my husband, puppy, church and Council Meetings. Something would have to go and my husband doesn't have anywhere else he can live. Blahahahahahahahaha!
Now you know what I do with my time. It's not laundry. :ursofunny
The difference between you and I - I read the WHOLE article. Yes, I know. You are smarter and only have to skim over them. I have to see what I think they really mean between the lines.
Yeah, the Readers Digest Condensed Large Print Edition!:ursofunny
Pressing-On
03-20-2008, 01:44 PM
I see you are optimistic.
Ergo... you would make a great leader.
:)
Well, thanks if you mean it! :ursofunny
dow up over 200 as we speak my friend, dt
see the sun is bright, the wind is krisp and there isnt a cloud in the sky!
Pressing-On
03-20-2008, 01:45 PM
Yeah, the Readers Digest Condensed Large Print Edition!:ursofunny
So when is your surgery? :ursofunny
Digging4Truth
03-20-2008, 01:45 PM
agreed. I dont think we are out of the woods yet... (Neither does Kudlow) inflation is the big worry....
my number 14 Spicy fried chicken at the local chinese resturant just went from $5.35 to $5.70 this week. ive eaten it almost weekly for the last 8 years!
inflation can be the killer.
by the way, the Dollar dropped to 1.5900 this past sunday. today it was around 1.5425 last i checked. that is very good news.
the dow is up better than 150 today. I think things are shaking out.
Hopefully so....
I'll tell you what Ferd.
Mark it on your calender.
If the economy is at least as good as it is today 2 years from now...
I will send you a $50 gift certificate to the restaurant of your choice.
Not only because I owe it you because you were right... but also as a personal celebration of my own of how glad I am to be wrong.
Sound good?
Pressing-On
03-20-2008, 01:45 PM
see the sun is bright, the wind is krisp and there isnt a cloud in the sky!
:woohoo:woohoo:woohoo
Digging4Truth
03-20-2008, 01:46 PM
Well, thanks if you mean it! :ursofunny
Well.. I do think that you would be a great leader...
But that was also a little cheap underheaded jab at the concept that one being optimistic makes one a good leader. :)
Hopefully so....
I'll tell you what Ferd.
Mark it on your calender.
If the economy is at least as good as it is today 2 years from now...
I will send you a $50 gift certificate to the restaurant of your choice.
Not only because I owe it you because you were right... but also as a personal celebration of my own of how glad I am to be wrong.
Sound good?
I will take it!
errr.... if a dem gets elected all bets are off!
DividedThigh
03-20-2008, 01:50 PM
I will take it!
errr.... if a dem gets elected all bets are off!
i will take a piece of that action diggin, dt:ursofunny
Digging4Truth
03-20-2008, 01:53 PM
I will take it!
errr.... if a dem gets elected all bets are off!
Well... lets discuss this...
First... no bets... I don't bet. And I never mentioned you having to send me anything. A bet would generally hold a consequence for both parties.
Secondly.. If a dem gets elected and the economy is at least as good... $50
If a dem gets elected and the economy tanks then you lose nothing.
So there is no reason to bail on a dem technicality.
Pressing-On
03-20-2008, 01:53 PM
Well.. I do think that you would be a great leader...
But that was also a little cheap underheaded jab at the concept that one being optimistic makes one a good leader. :)
That's what I thought you meant you nerd!!! :smack
Pressing-On
03-20-2008, 01:55 PM
I will take it!
errr.... if a dem gets elected all bets are off!
See? You are being pessimistic!!!! After I listened to Obama's speech from the other day, I kinda was too! He might pull it off. Yikes! Did I say that? :ursofunny
Digging4Truth
03-20-2008, 01:55 PM
i will take a piece of that action diggin, dt:ursofunny
Nah... just for Ferd.
He has faithfully battled with me for years (dating back to FCF) and I figure he deserves this one and, should I be wrong, it will be well worth the investment just to say thanks to whomever (human or otherwise) is responsible for this nation holding together financially.
Well... lets discuss this...
First... no bets... I don't bet. And I never mentioned you having to send me anything. A bet would generally hold a consequence for both parties.
Secondly.. If a dem gets elected and the economy is at least as good... $50
If a dem gets elected and the economy tanks then you lose nothing.
So there is no reason to bail on a dem technicality.
by bet, I didnt mean bet.... as in gambling....just that any optimism I have on the economic outlook changes drastically if a dem is eleceted then starts implimenting that kind of policy.
it's all good. I hope for both our sakes, that I am right!
Digging4Truth
03-20-2008, 01:57 PM
by bet, I didnt mean bet.... as in gambling....just that any optimism I have on the economic outlook changes drastically if a dem is eleceted then starts implimenting that kind of policy.
it's all good. I hope for both our sakes, that I am right!
Me too.
And... I figured you didn't mean bet... i was just making sure to clarify just in case anyone who might feel the need to chastise and brutalize us for it. :)
Pressing-On
03-20-2008, 01:58 PM
Me too.
And... I figured you didn't mean bet... i was just making sure to clarify just in case anyone who might feel the need to chastise and brutalize us for it. :)
Didn't I see you purchasing a Lottery ticket the other day? Say it wasn't you!!!!!
:ursofunny:ursofunny
What is that they "smoke" down in Texas??:hmmm
:hypercoffee
Digging4Truth
03-20-2008, 01:59 PM
Didn't I see you purchasing a Lottery ticket the other day? Say it wasn't you!!!!!
:ursofunny:ursofunny
It wasn't you.
:)
(You asked me to say it wasn't you didn't you?)
:)
Pressing-On
03-20-2008, 02:00 PM
It wasn't you.
:)
(You asked me to say it wasn't you didn't you?)
:)
:ursofunny:ursofunny
:smack
Digging4Truth
03-20-2008, 02:00 PM
What is that they "smoke" down in Texas??:hmmm
:hypercoffee
Pretty much everything smokes down in Texas in the summertime. :)
Didn't I see you purchasing a Lottery ticket the other day? Say it wasn't you!!!!!
:ursofunny:ursofunny
Hey, it's only a sin if you lose!:hypercoffee
Pressing-On
03-20-2008, 02:01 PM
What is that they "smoke" down in Texas??:hmmm
:hypercoffee
I know someone that smoked a doobie and got lost on the main drag. Now, that is just........
:ursofunny:ursofunny:ursofunny
Pretty much everything smokes down in Texas in the summertime. :)
Just don't inhale!:bliss
Digging4Truth
03-20-2008, 02:01 PM
Hey, it's only a sin if you lose!:hypercoffee
Wow... the lottery turns out PLENTY of sinners doesn't it. :)
I think it was said best when they said...
"The lottery is a tax on the mathematically challenged"
:)
Digging4Truth
03-20-2008, 02:02 PM
I know someone that smoked a doobie and got lost on the main drag. Now, that is just........
:ursofunny:ursofunny:ursofunny
Did he have a brother?
Haaaaaaaaaaaaaaaaaaaaaaaaaaaaa...
Get it
Doobie Brothers...
Haaaaaaaaaaaaaaaaaaaaaaaaaaaaa
I kill myself. :)
Pretty much everything smokes down in Texas in the summertime. :)
we do like to smoke our meats.
I have an electric smoker that is fantastic. smoked a tri-tip a few weeks ago. it was out of this world.
Wow... the lottery turns out PLENTY of sinners doesn't it. :)
I think it was said best when they said...
"The lottery is a tax on the mathematically challenged"
:)
Yeah, but if the person wins it is---"Now Bro/Sis just remember your Tithe!":ursofunny
Pressing-On
03-20-2008, 02:03 PM
Wow... the lottery turns out PLENTY of sinners doesn't it. :)
I think it was said best when they said...
"The lottery is a tax on the mathematically challenged"
:)
Truth!
We were getting gas and a guy yells out to my husband. "Man, I won $3!"
My husband asked, "How much did you spend to win that $3?"
"$7".
:ursofunny:ursofunny:ursofunny
Wow... the lottery turns out PLENTY of sinners doesn't it. :)
I think it was said best when they said...
"The lottery is a tax on the mathematically challenged"
:)
I have never in my life lost at the lottery.
Pressing-On
03-20-2008, 02:03 PM
Did he have a brother?
Haaaaaaaaaaaaaaaaaaaaaaaaaaaaa...
Get it
Doobie Brothers...
Haaaaaaaaaaaaaaaaaaaaaaaaaaaaa
I kill myself. :)
Yes, he had two! :ursofunny
we do like to smoke our meats.
I have an electric smoker that is fantastic. smoked a tri-tip a few weeks ago. it was out of this world.
I heard that in Austin, Dallas, they have BBQ, & Smoked meats to die for!!
Pressing-On
03-20-2008, 02:03 PM
Just don't inhale!:bliss
:ursofunny
Yeah, but if the person wins it is---"Now Bro/Sis just remember your Tithe!":ursofunny
My wife has a great uncle that won the lottery in Louisiana. Apostolic fellow too.
Pressing-On
03-20-2008, 02:04 PM
I have never in my life lost at the lottery.
Let me guess - 'Cause you never played? :D
Digging4Truth
03-20-2008, 02:04 PM
Truth!
We were getting gas and a guy yells out to my husband. "Man, I won $3!"
My husband asked, "How much did you spend to win that $3?"
"$7".
:ursofunny:ursofunny:ursofunny
Oh that is so sad...
He probably said it with his eyes still lit up from "winning"
Pressing-On
03-20-2008, 02:05 PM
Oh that is so sad...
He probably said it with his eyes still lit up from "winning"
Digging - He did!!!!!! I wanted to turn the video into America's Funniest Videos or at least YouTube.
:ursofunny
I heard that in Austin, Dallas, they have BBQ, & Smoked meats to die for!!
Texas BBQ is one of the 3 major brands.
Dallas has several really great BBQ places. Austin/San Antonio and a hundred small towns in between.
just dont try Houston BBQ. UGH!
They tried to export that Papa's Brothers BBQ to Dallas. I wouldnt feed hogs that stuff!
Truth!
We were getting gas and a guy yells out to my husband. "Man, I won $3!"
My husband asked, "How much did you spend to win that $3?"
"$7".
:ursofunny:ursofunny:ursofunny
They had a promotion at a Gas Station 10 years ago where you got a free 6/49 lotto ticket with a fill up.
My ticket got 5 out of 6 numbers right for 84 bucks!
Made my friend mad who played for over 30 years & only won 2 bucks!:ursofunny
Digging4Truth
03-20-2008, 02:06 PM
My wife has a great uncle that won the lottery in Louisiana. Apostolic fellow too.
Did he then change from great uncle to FANTASTIC uncle?
:)
Let me guess - 'Cause you never played? :D
well....
Pressing-On
03-20-2008, 02:06 PM
My wife has a great uncle that won the lottery in Louisiana. Apostolic fellow too.
Wow, I would never win, so I don't play. I won at Bingo once when I was a Catholic. I was 10 years old. Took my $10 and went home. They weren't going to make me play again and lose it. :ursofunny
Did he then change from great uncle to FANTASTIC uncle?
:)
LOL! I havent seen a thin dime.
and dont expect one. most of the winners I know of are plaged with seekers of handouts. its just sad.
Texas BBQ is one of the 3 major brands.
Dallas has several really great BBQ places. Austin/San Antonio and a hundred small towns in between.
just dont try Houston BBQ. UGH!
They tried to export that Papa's Brothers BBQ to Dallas. I wouldnt feed hogs that stuff!
I would love to try some BBQ Ribs---the T-Rex kind!!!
Digging4Truth
03-20-2008, 02:07 PM
Digging - He did!!!!!! I wanted to turn the video into America's Funniest Videos or at least YouTube.
:ursofunny
Well don't forget to send me the link. :)
Wow, I would never win, so I don't play. I won at Bingo once when I was a Catholic. I was 10 years old. Took my $10 and went home. They weren't going to make me play again and lose it. :ursofunny
Are you sure you aren't Jewish???:hmmm
I would love to try some BBQ Ribs---the T-Rex kind!!!
Well Ron, that is because you are a Canadian. Ribs is more of a Kansas City thing. We do COW here in texas. Brisket is KING in texas, altough the ribs arent bad, for my money either Kansas City BBQ or Memphis (which is really a version of KC BBQ) is the best.
Pressing-On
03-20-2008, 02:09 PM
Texas BBQ is one of the 3 major brands.
Dallas has several really great BBQ places. Austin/San Antonio and a hundred small towns in between.
just dont try Houston BBQ. UGH!
They tried to export that Papa's Brothers BBQ to Dallas. I wouldnt feed hogs that stuff!
Amen! Someone asked me the other day - What is a Brisket? I thought everyone knew!
Why do all my threads turn into talk about food?
Pressing-On
03-20-2008, 02:09 PM
Are you sure you aren't Jewish???:hmmm
On my mother's side. :D
Amen! Someone asked me the other day - What is a Brisket? I thought everyone knew!
?????
Digging4Truth
03-20-2008, 02:10 PM
LOL! I havent seen a thin dime.
and dont expect one. most of the winners I know of are plaged with seekers of handouts. its just sad.
Yeah... I have a friend who is about to happen upon a few mil...
He said that we are about the only ones that aren't hounding him about money... And I don't know how much longer we can hold out. LOL
Jk... I am finding it a privilege to prove our friendship as true.
Amen! Someone asked me the other day - What is a Brisket? I thought everyone knew!
have you ever had Papa's Brothers BBQ forced on you? Gag!
Pressing-On
03-20-2008, 02:10 PM
Why do all my threads turn into talk about food?
Backtrack, Ferdinand! You always talk about food!!
:ursofunny
Digging4Truth
03-20-2008, 02:11 PM
Why do all my threads turn into talk about food?
We're eating while we can.
The economy is about to tank... haven't you heard. :)
Pressing-On
03-20-2008, 02:11 PM
have you ever had Papa's Brothers BBQ forced on you? Gag!
No, never heard of it. lol
Pressing-On
03-20-2008, 02:11 PM
We're eating while we can.
The economy is about to tank... haven't you heard. :)
Go away!!!!! :ursofunny
Well Ron, that is because you are a Canadian. Ribs is more of a Kansas City thing. We do COW here in texas. Brisket is KING in texas, altough the ribs arent bad, for my money either Kansas City BBQ or Memphis (which is really a version of KC BBQ) is the best.
I like all Beef!
Sad thing is up in Canada, it isn't as big as it should be--maybe Alberta!
Now Seafood, especially Salmon is king in Vancouver!
No, never heard of it. lol
it is owned by the same people that own Papacitos and Papadeaux's both of those are very good. you would think they would make good BBQ. these people are from Texas for goodness sake!
We're eating while we can.
The economy is about to tank... haven't you heard. :)
Somethings Smoking?:bliss
I like all Beef!
Sad thing is up in Canada, it isn't as big as it should be--maybe Alberta!
Now Seafood, especially Salmon is king in Vancouver!
Nothing wrong with Salmon. mmmmm.
I spent a week in Alaska catching Silvers. man that was one awesome trip!
We're eating while we can.
The economy is about to tank... haven't you heard. :)
LOL!
Getting back to the subject at hand, on average, 1 year after a market correction, the DOW is up 36% from the low.
Nothing wrong with Salmon. mmmmm.
I spent a week in Alaska catching Silvers. man that was one awesome trip!
Get Wild--never Farmed!
tbpew
03-20-2008, 02:15 PM
I know someone that smoked a doobie and got lost on the main drag.
now that is just a C&W song's tag line...
BTW, my two cents...
the equity markets love the low interest rates,
the equity markets do not correct and do not offer a good glimpse at the systemic problem in an economy fueled on deficit spending deficit and chronic trade imbalances.
When the last of the international markets say "buh-bye" to the US dollar, we will be left with our misguided illusion of what the purchasing power is of a "Federal Note" when attempting to purchase staples and commodities outside of our borders.
We do not produce enough stuff that is REAL and has REAL value.
We are an addicted consumer nation with our credit line exhausted.
It seems like we are flying in the black hole that Japan has yet to escape from some 14 years ago.
Sorry if my lack of optimism makes me sound like a grouch, but this is not like anything we have seen before. If the debtor is servant to the lender, we are going to get a crash course in servitude.
Digging4Truth
03-20-2008, 02:15 PM
it is owned by the same people that own Papacitos and Papadeaux's both of those are very good. you would think they would make good BBQ. these people are from Texas for goodness sake!
(whispers... they're messkins)
LOL
They usually BBQ in a whole in the ground don't they?
LOL
Oh man I am going to catch flack for that one. :)
Digging4Truth
03-20-2008, 02:17 PM
now that is just a C&W song's tag line...
BTW, my two cents...
the equity markets love the low interest rates,
the equity markets do not correct and do not offer a good glimpse at the systemic problem in an economy fueled on deficit spending deficit and chronic trade imbalances.
When the last of the international markets say "buh-bye" to the US dollar, we will be left with our misguided illusion of what the purchasing power is of a "Federal Note" when attempting to purchase staples and commodities outside of our borders.
We do not produce enough stuff that is REAL and has REAL value.
We are an addicted consumer nation with our credit line exhausted.
It seems like we are flying in the black hole that Japan has yet to escape from some 14 years ago.
Sorry if my lack of optimism makes me sound like a grouch, but this is not like anything we have seen before. If the debtor is servant to the lender, we are going to get a crash course in servitude.
sigh... does this man EVER say ANYTHING that I don't agree with.
On the money (pun intended) bro. :)
Pressing-On
03-20-2008, 02:19 PM
it is owned by the same people that own Papacitos and Papadeaux's both of those are very good. you would think they would make good BBQ. these people are from Texas for goodness sake!
I've eaten at Papadeaux's and Papacitos.
Praxeas
03-20-2008, 02:19 PM
the short answer (because my long one was accidentally lost. Bush is just saying that because he is a globalist. They want to form the world into 10 economic zones (see the EU) with single currencies and governing bodies and the best way to do this here in the Americas is to devalue the dollar, equalize the economies and make everyone but the elite wealthy equally poor.
This was said to happen many years ago (before the internet) and this is what I think is happening. They want to form and shape the opinions of Americans. They do it through crisis like 9/11 and through the economy and perhaps even through War.
Pressing-On
03-20-2008, 02:20 PM
now that is just a C&W song's tag line...
BTW, my two cents...
the equity markets love the low interest rates,
the equity markets do not correct and do not offer a good glimpse at the systemic problem in an economy fueled on deficit spending deficit and chronic trade imbalances.
When the last of the international markets say "buh-bye" to the US dollar, we will be left with our misguided illusion of what the purchasing power is of a "Federal Note" when attempting to purchase staples and commodities outside of our borders.
We do not produce enough stuff that is REAL and has REAL value.
We are an addicted consumer nation with our credit line exhausted.
It seems like we are flying in the black hole that Japan has yet to escape from some 14 years ago.
Sorry if my lack of optimism makes me sound like a grouch, but this is not like anything we have seen before. If the debtor is servant to the lender, we are going to get a crash course in servitude.
Wow, Tbpew. I liked the reference to the C&W song better! :killinme
(whispers... they're messkins)
LOL
They usually BBQ in a whole in the ground don't they?
LOL
Oh man I am going to catch flack for that one. :)
LOL! yea, I have good friends who came from south of the boarder! and talk about knowing what to do with fire and beef! mmmmmmmmmmmm
Actually I think the Papa's people are Greek. what ever the case, if it were a choice between Papas BBQ and fasting.... well, I guess i would just get spiritual!
Digging4Truth
03-20-2008, 02:21 PM
the short answer (because my long one was accidentally lost. Bush is just saying that because he is a globalist. They want to form the world into 10 economic zones (see the EU) with single currencies and governing bodies and the best way to do this here in the Americas is to devalue the dollar, equalize the economies and make everyone but the elite wealthy equally poor.
This was said to happen many years ago (before the internet) and this is what I think is happening. They want to form and shape the opinions of Americans. They do it through crisis like 9/11 and through the economy and perhaps even through War.
Whooop diar it is
Whooop dair it is
Whooop dair it is
:)
now that is just a C&W song's tag line...
BTW, my two cents...
the equity markets love the low interest rates,
the equity markets do not correct and do not offer a good glimpse at the systemic problem in an economy fueled on deficit spending deficit and chronic trade imbalances.
When the last of the international markets say "buh-bye" to the US dollar, we will be left with our misguided illusion of what the purchasing power is of a "Federal Note" when attempting to purchase staples and commodities outside of our borders.
We do not produce enough stuff that is REAL and has REAL value.
We are an addicted consumer nation with our credit line exhausted.
It seems like we are flying in the black hole that Japan has yet to escape from some 14 years ago.
Sorry if my lack of optimism makes me sound like a grouch, but this is not like anything we have seen before. If the debtor is servant to the lender, we are going to get a crash course in servitude.
Yup!
Canada will get sucked in the swirling vortex of a slumping superpower!
The US fate will be ours!
Pressing-On
03-20-2008, 02:21 PM
(whispers... they're messkins)
LOL
They usually BBQ in a whole in the ground don't they?
LOL
Oh man I am going to catch flack for that one. :)
:ursofunny:ursofunny:ursofunny:ursofunny:ursofunny :ursofunny:ursofunny:ursofunny:ursofunny
Digging4Truth
03-20-2008, 02:21 PM
LOL! yea, I have good friends who came from south of the boarder! and talk about knowing what to do with fire and beef! mmmmmmmmmmmm
Actually I think the Papa's people are Greek. what ever the case, if it were a choice between Papas BBQ and fasting.... well, I guess i would just get spiritual!
Greek... wouldn't that be something..
And they spell like cajuns. :)
Pressing-On
03-20-2008, 02:22 PM
Yup!
Canada will get sucked in the swirling vortex of a slumping superpower!
The US fate will be ours!
Ya'll are making me depressed. I'm going to see if Ferd is still wearing a sexy shirt or something.
:bliss
Digging4Truth
03-20-2008, 02:22 PM
Yup!
Canada will get sucked in the swirling vortex of a slumping superpower!
The US fate will be ours!
WE FINALLY CONQUER CANADA!!!!!!!!!!!!!!!!
:)
Digging4Truth
03-20-2008, 02:23 PM
Ya'll are making me depressed. I'm going to see if Ferd is still wearing a sexy shirt or something.
:bliss
Oh sure... he can afford a shirt now... but just wait
:ursofunny:laffatu:ursofunny:laffatu
Pressing-On
03-20-2008, 02:23 PM
Oh sure... he can afford a shirt now... but just wait
:ursofunny:laffatu:ursofunny:laffatu
:ursofunny:ursofunny:ursofunny:ursofunny:ursofunny :ursofunny:ursofunny:ursofunny:ursofunny:ursofunny
the short answer (because my long one was accidentally lost. Bush is just saying that because he is a globalist. They want to form the world into 10 economic zones (see the EU) with single currencies and governing bodies and the best way to do this here in the Americas is to devalue the dollar, equalize the economies and make everyone but the elite wealthy equally poor.
This was said to happen many years ago (before the internet) and this is what I think is happening. They want to form and shape the opinions of Americans. They do it through crisis like 9/11 and through the economy and perhaps even through War.
oh my goodness! bro. what on earth are you talking about? rich people dont want everyone else to be poor! rich people know that the more money everyone else has, the more money they can make!
poverty is a bummer to the rich.
Pressing-On
03-20-2008, 02:24 PM
tbpew,
I read, somewhere, that people are paying down their debt more than they ever have in the past. Have you read that or do you believe that?
Digging4Truth
03-20-2008, 02:26 PM
oh my goodness! bro. what on earth are you talking about? rich people dont want everyone else to be poor! rich people know that the more money everyone else has, the more money they can make!
poverty is a bummer to the rich.
Uh... yeah... those poor rich people that just purchased impoverished Bear Stearns for pennies on the dollar... that made them, literally, sick to their stomachs I am sure.
WE FINALLY CONQUER CANADA!!!!!!!!!!!!!!!!
:)
We both are conquered!
tbpew
03-20-2008, 02:26 PM
LOL! yea, I have good friends who came from south of the boarder! and talk about knowing what to do with fire and beef! mmmmmmmmmmmm
Actually I think the Papa's people are Greek. what ever the case, if it were a choice between Papas BBQ and fasting.... well, I guess i would just get spiritual!
FERD, you food pope you...
that is some special kind of 'back-handed consumable smack-down'.
Seriously dude, you need to go on the Food Channel and do 'stand-up'.
tbpew,
I read, somewhere, that people are paying down their debt more than they ever have in the past. Have you read that or do you believe that?
If they are paying down thier debt--they are smart cookies!
WE FINALLY CONQUER CANADA!!!!!!!!!!!!!!!!
:)
just so long as we dont start by attacking Qubec. we are 0 for 2 on that one...
FERD, you food pope you...
that is some special kind of 'back-handed consumable smack-down'.
Seriously dude, you need to go on the Food Channel and do 'stand-up'.
LOL! i dont know how they make it.
surely there are some Houston folk around here? Do you guys actually EAT at Papas BBQ?
just so long as we dont start by attacking Qubec. we are 0 for 2 on that one...
Take them--we'll even pay postage!!!:bliss
Digging4Truth
03-20-2008, 02:28 PM
FERD, you food pope you...
that is some special kind of 'back-handed consumable smack-down'.
Seriously dude, you need to go on the Food Channel and do 'stand-up'.
I can see it now...
Smackdown with Ferdinand.
Bobby Flay will be out of a job.
But not Rachel Ray... she is too cute to be out of a job. :)
And not that one from Atlanta either... I forget her name at the moment...
WOOOOO WEEEE that woman can cook like a true southerner.
First ingredient... 1 stick of butter... YEAH!!!!!!!!!!!
:)
Pressing-On
03-20-2008, 02:29 PM
FERD, you food pope you...
that is some special kind of 'back-handed consumable smack-down'.
Seriously dude, you need to go on the Food Channel and do 'stand-up'.
:ursofunny:ursofunny:ursofunny:ursofunny
Pressing-On
03-20-2008, 02:29 PM
I can see it now...
Smackdown with Ferdinand.
Bobby Flay will be out of a job.
But not Rachel Ray... she is too cute to be out of a job. :)
And not that one from Atlanta either... I forget her name at the moment...
WOOOOO WEEEE that woman can cook like a true southerner.
First ingredient... 1 stick of butter... YEAH!!!!!!!!!!!
:)
:ursofunny:ursofunny:ursofunny
Digging4Truth
03-20-2008, 02:30 PM
just so long as we dont start by attacking Qubec. we are 0 for 2 on that one...
LOL>.. aint that the truth.
Have you seen the "War of 1812" video by 3 Dead Trolls In A Baggy? Also known as the Arrogant Worms too.
Pressing-On
03-20-2008, 02:30 PM
LOL! i dont know how they make it.
surely there are some Houston folk around here? Do you guys actually EAT at Papas BBQ?
Have you used the BBQ seasoning from Southside in Elgin? Awesome!!!
tbpew
03-20-2008, 02:31 PM
tbpew,
I read, somewhere, that people are paying down their debt more than they ever have in the past. Have you read that or do you believe that?
if they are it may be dumbest thing they can do (particularly if they are in the back 2/3's of their mortgage).
If the "federal note" dissappears in value, short term inflation will rocket skyward, but the debt on our homes will stay the same while we pay it off with fictious paper things called 'dollars'.
I was more inclined to buy land and figure out to grow chickens and soy beans (bio diesel) but I am torn because I do not think God is impressed with survivalists.
Seriously, back to the economy, it reminds me of someone who got into trouble and didn't realize how serious it was.
I said that it was like being in a pile of manure up to ones neck and saying "I can't smell anything!"
We all are in way deep without realizing how serious this is.
I can see it now...
Smackdown with Ferdinand.
Bobby Flay will be out of a job.
But not Rachel Ray... she is too cute to be out of a job. :)
And not that one from Atlanta either... I forget her name at the moment...
WOOOOO WEEEE that woman can cook like a true southerner.
First ingredient... 1 stick of butter... YEAH!!!!!!!!!!!
:)
dont forget Giada, if you think Rachel Ray is easy on the eyes.... but you can have that crazy barefoot contessa, and that ditz Sandra Lee these two need to be put out of my misery!
the best on food network is Alton Brown and Giada DiLarentus (sp)
Pressing-On
03-20-2008, 02:32 PM
if they are it may be dumbest thing they can do (particularly if they are in the back 2/3's of their mortgage).
If the "federal note" dissappears in value, short term inflation will rocket skyward, but the debt on our homes will stay the same while we pay it off with fictious paper things called 'dollars'.
I was more inclined to buy land and figure out to grow chickens and soy beans (bio diesel) but I am torn because I do not think God is impressed with survivalists.
Excellent. Me either! :thumbsup
Seriously, back to the economy, it reminds me of someone who got into trouble and didn't realize how serious it was.
I said that it was like being in a pile of manure up to ones neck and saying "I can't smell anything!"
We all are in way deep without realizing how serious this is.
Ron did you read the article? seriously. the data doesnt agree with your assessment.
Pressing-On
03-20-2008, 02:33 PM
dont forget Giada, if you think Rachel Ray is easy on the eyes.... but you can have that crazy barefoot contessa, and that ditz Sandra Lee these two need to be put out of my misery!
the best on food network is Alton Brown and Giada DiLarentus (sp)
I love Alton Brown. He has an awesome cookbook. It's like going to cooking school. He tells you why certain things work together and why they react like they do. I love that!
Ron did you read the article? seriously. the data doesnt agree with your assessment.
You have one article from one economist.
What you are missing out is this, the US is about 10 Trillion in the hole, the American buck is worth about .50 Euro.
The Chinese are carrying a huge portion of your debt.
The only thing that will change it will be an introduction of the Amero & the NFTZ!
Thing is when the Amero is introduced, what will it be based on?
5-1, 2-1, 10-1?
Who knows?
I just know that in times like these, Joe & Mary Sixpack will be left holding the moldy bag with holes carrying thier earnings around.
Digging4Truth
03-20-2008, 04:24 PM
dont forget Giada, if you think Rachel Ray is easy on the eyes.... but you can have that crazy barefoot contessa, and that ditz Sandra Lee these two need to be put out of my misery!
the best on food network is Alton Brown and Giada DiLarentus (sp)
I do like Alton Brown.
He educates while he cooks and I love it.
Giada does have a lot of good recipes. I haven't been able to watch her show in a while and, yes sir, she is a doll. :)
Digging4Truth
03-20-2008, 04:30 PM
if they are it may be dumbest thing they can do (particularly if they are in the back 2/3's of their mortgage).
If the "federal note" dissappears in value, short term inflation will rocket skyward, but the debt on our homes will stay the same while we pay it off with fictious paper things called 'dollars'.
I was more inclined to buy land and figure out to grow chickens and soy beans (bio diesel) but I am torn because I do not think God is impressed with survivalists.
Yes sir... but there is a fer piece of difference between a survivalist and someone who makes the decision that to put their faith in a fiat economy is no longer something they can feel comfortable with.
Farming as a way of life and having a life more dependent on Gods creation than mans has been the way of man for most of our history.
I don't think God is particularly impressed with a people who have no means of support outside of the continuance of a man made system of finance either.
Also... the major difference between a survivalist and someone getting back to a simpler life has more to do with attitude and mindset than anything else.
I have purchased my land and home free of any debt. I plan on raising animals and growing vegetables & fruit etc. This move, in my estimation, is a wise one. If I do this because I have put my trust in these things then that same action is now a foolish one.
Also... on the issue of paying off debt possibly being a foolish one... I would never have agreed with that but this is increasingly becoming my thoughts as well.
My wife was talking about how we can pay this off and pay that off once we sell our home in Louisiana and move to the home that is free of mortgage. This has been my mantra for years. But now.. all of a sudden... I don't feel it is wise. Lets get the things done to the house that we need done... drill a water well with a solar powered pump, get the fences mended, animals going, garden going, solar panels etc... things we want to do and things that will help lower our expenses on a day to day basis...
Then... having those things done will make us even more ready to pay off debt but we will have kept the main thing the main thing.
tbpew
03-20-2008, 05:20 PM
Yes sir... but there is a fer piece of difference between a survivalist and someone who makes the decision that to put their faith in a fiat economy is no longer something they can feel comfortable with.
Farming as a way of life and having a life more dependent on Gods creation than mans has been the way of man for most of our history.
I don't think God is particularly impressed with a people who have no means of support outside of the continuance of a man made system of finance either.
Also... the major difference between a survivalist and someone getting back to a simpler life has more to do with attitude and mindset than anything else.
I have purchased my land and home free of any debt. I plan on raising animals and growing vegetables & fruit etc. This move, in my estimation, is a wise one. If I do this because I have put my trust in these things then that same action is now a foolish one.
Also... on the issue of paying off debt possibly being a foolish one... I would never have agreed with that but this is increasingly becoming my thoughts as well.
My wife was talking about how we can pay this off and pay that off once we sell our home in Louisiana and move to the home that is free of mortgage. This has been my mantra for years. But now.. all of a sudden... I don't feel it is wise. Lets get the things done to the house that we need done... drill a water well with a solar powered pump, get the fences mended, animals going, garden going, solar panels etc... things we want to do and things that will help lower our expenses on a day to day basis...
Then... having those things done will make us even more ready to pay off debt but we will have kept the main thing the main thing.
well I guess I am now more accountable... thanks to a thoughtful, provocative, and challenging post.
Now I am left with trying to understand how to best implement a comparable direction while living in the great NE and commuting 68 miles round trip.
God loves people and there is a whole lota people in my county (over 500,000).
God's word includes the challenging witness in Jer 17:8;
"For he shall be as a tree planted by the waters, and [that] spreadeth out her roots by the river, and shall not see when heat cometh, but her leaf shall be green; and shall not be careful in the year of drought, neither shall cease from yielding fruit"
I sense we are entering into a time when it is imperative that we find our place in agreement with God's prompting. I am confident that such prompting will include our departure from foolish choices and vain indulgences that only gender strife and return us to a former captivity.
I am strangely hopeful that a time of 'great lacking' will produce a great amount of community. Our cooperation and dependence upon one another that has been so long forgotten, may serve as a stage to share the gospel and the hope that we have.
Pressing-On
03-21-2008, 08:13 AM
well I guess I am now more accountable... thanks to a thoughtful, provocative, and challenging post.
Now I am left with trying to understand how to best implement a comparable direction while living in the great NE and commuting 68 miles round trip.
God loves people and there is a whole lota people in my county (over 500,000).
God's word includes the challenging witness in Jer 17:8;
"For he shall be as a tree planted by the waters, and [that] spreadeth out her roots by the river, and shall not see when heat cometh, but her leaf shall be green; and shall not be careful in the year of drought, neither shall cease from yielding fruit"
I sense we are entering into a time when it is imperative that we find our place in agreement with God's prompting. I am confident that such prompting will include our departure from foolish choices and vain indulgences that only gender strife and return us to a former captivity.
I am strangely hopeful that a time of 'great lacking' will produce a great amount of community. Our cooperation and dependence upon one another that has been so long forgotten, may serve as a stage to share the gospel and the hope that we have.
Excellent post, tbpew!!!!
COOPER
03-21-2008, 02:45 PM
when
Digging4Truth
03-24-2008, 06:44 AM
well I guess I am now more accountable... thanks to a thoughtful, provocative, and challenging post.
Now I am left with trying to understand how to best implement a comparable direction while living in the great NE and commuting 68 miles round trip.
God loves people and there is a whole lota people in my county (over 500,000).
God's word includes the challenging witness in Jer 17:8;
"For he shall be as a tree planted by the waters, and [that] spreadeth out her roots by the river, and shall not see when heat cometh, but her leaf shall be green; and shall not be careful in the year of drought, neither shall cease from yielding fruit"
I sense we are entering into a time when it is imperative that we find our place in agreement with God's prompting. I am confident that such prompting will include our departure from foolish choices and vain indulgences that only gender strife and return us to a former captivity.
I am strangely hopeful that a time of 'great lacking' will produce a great amount of community. Our cooperation and dependence upon one another that has been so long forgotten, may serve as a stage to share the gospel and the hope that we have.
agreed my brother.
my beautiful thread.
It went from a clear and reasonable discussion about the US Economy to the much more important topic of food, then devolved into a seperatist movement !
RUN FOR THE HILLS THE GUBBERMINT IS COMMING!!!!!!
Pressing-On
03-24-2008, 07:10 AM
my beautiful thread.
It went from a clear and reasonable discussion about the US Economy to the much more important topic of food, then devolved into a seperatist movement !
RUN FOR THE HILLS THE GUBBERMINT IS COMMING!!!!!!
That's the way the Forum crumbles. :ursofunny
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