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No no...you don't understand. Considering how high unemployment numbers are probably going to go if Dear Leader gets any of his agenda passed, 15% will actually look pretty good.

We live in a "Spock's Beard" universe now.

It just gets more and more absurd. B.O. is a disaster.

that picture just got me thinking obama should consider having a cigar with monica lewinski(oops muslim mixing with a jew) in hopes of rekindling the love affair that the media has for him by trying some of clintons tactics.

now take a good long look at that picture, look at the dress and move on up and stare at her smile and think about what she had those lips wrapped around. just having a lil fun toying with your minds, you'll be thinking about it all day now.

Who coined the phrase, "You can't make this stuff up?"

Do any of you actually think that Michigan's woes have anything to do with some chick in local government, instead of a major restructuring of the US economy as a whole?

We don't 'do' heavy manufacturing anymore, we do finance and IT. An entire city built around actual people (not robots) making physical goods in big factories is just not supported in the current US economy. That's all there is to it. Economy changes, old stuff dies.

This is true even if the local leadership carried a gun to church and spent most of their time hating various things, instead of reading books and 'thinking'.

wheres lao?

Meanwhile, every foreign car manufacturer worth it's salt has built plants in this country and they're making cars, employing people and doing just fine. What's the difference? (Hint, for those of you who get your news from jon stewart - UNIONS) Now what was that crap about old stuff dying. BTW, how old are you?

oops - forgot to put my name in that post. I don't wat anybody thinking I'm anonymous. YUK

Ed, no-sweaty-da. I could tell it wasn't Anon. because it wasn't hate filled AND it made sense and was TRUE. His reaction is the same libs always have when confronted with the consequences of their disastroud policies: the fault lies elsewhere. They love the faceless "it's the system's fault" excuse.Just ignore him.

Double standard alert for Anon:
Did you just call Granholm "some chick in local government" and imply that none of her state's woes were her fault? Surely that's a lib double standard considering that by that measure Palin is just another chick in local government and she's blamed for all kind of woes.

Oops, silly me, noticing the double standards of libs. I'll try harder to be sure I don't understand the meaning of what you say.

I guess Tony Rezko couldn't make it.

Posted by: lunaticcringeradio at December 3, 2009 12:02 PM

You BASTARD. >-P I will never be able to close my eyes again.

This is true even if the local leadership carried a gun to church and spent most of their time hating various things, instead of reading books and 'thinking'.

Yeah, that's the problem in Michigan, too much reading and 'thinking.' How that results in Detroit being the murder capital of the country I won't bother to explain.

Dont worry, their plan is to get people back to work, via ACORN, as pimps, hookers, community activists, SEIU thugs, generic union thugs, carbon credit scammers and replacing farm machinery with politically incorrect people from the cities - Pol Pot style.

I listened to his speech. I wish one of the attendees would have jumped up and said "the solution is simple, GET THE HELL OUT OF OUR BUSINESS!, Stop pissing our money to the wind, let us keep it and we'll create the jobs."

Of course someone who has spent little time in the private sector, never had to meet a payroll simply does not have the experience to understand even the simplest concepts of who really creates jobs. In one ear, through the empty space and out the other ear.

B.O. IS A DISASTER.

"Economy changes, old stuff dies."

Care to apply this to media as well, or is that just another part of the Progs' double standard too?

As a resident of the once great state of Michigan, this makes me want to puke. Granholm is the worst governor in the history of governors. She literally sat on her hands while Michigan went down the toilet. Her solution? Higher taxes, kickbacks to the unions and more red tape. I'm not kidding.

We have the worst roads, the highest taxes, the highest insurance rates, the highest unemployment (me included, I was laid off last month) and a genuine 3rd world city in Detroit.

God help us. Now Obama wants to do for the nation what Granholm did for Michigan. Yikes.

The appearance that the twin economic cults of consumer spending and government growth can be the foundations of a strong and sustainable economy is finally starting to come to an end.

Business leaders, savvy investors, and honest economists have been yelling about this for decades, but nobody wanted to listen. Everybody wanted to believe that we could all be prosperous at cushy desk jobs and on government assignments, while we all hammered our home equity, our credit cards, and the credit of the United States to continue the illusion.

The idea that we can all have a lot of money if we spend a lot of money, and consequently, that if we have a lot of money we can afford to hire foreigners to perform all the grunt work, is finally starting to come to its inherently unsustainable end. The public doesn't understand, nor do the politicians, nor does anyone who puts a political agenda above objective measures of economic fundamentals.

The unavoidable, end result of this deficit spending is that we become renters in our own country. Forget all of the spin, and put this on a simple level - if an entity spends more than it takes in, it must trade its equity for debt; an entity which trades equity for debt may only do so as long as equity remains; the end result of continuing to live by trading equity for debt is that no equity will remain.

The economy has been propped up for years by deficit spending by the American consumer and various levels of government. The economic prosperity was, in large part, a debt-fueled mirage.

The bottom line is that no country, not even one whose currency operates as a de facto global reserve currency, can continue to expect foreign economies to send it goods on credit ad infinitum. Eventually, foreign creditors will tire of ever increasing debt levels, and opt to no longer send goods, but continue their demand for debt service.

That is why Michigan is broke and failing. Producing the goods and services we need fell out of vogue when deficit spending and uncontrolled consumption became popular.

Mainstream political pundits from both parties love to try and justify the continued orgy of debt, but all of their points fail in the face of the universal truth that any entity, which is not self-sufficient on its own, can only continue its current behavior so long as others extend credit or charity to it.

In the US, the annualized aggregate of the trade deficit plus net foreign direct investment is close to a trillion dollars (in simple terms - American equity shipped overseas like an ever growing credit card balance). How much longer can that continue to buoy the economy, and when it stops, how much will we all enjoy a post-bubble economy worse than what Michigan enjoys now?

In short, we have too much debt and the blame is everyone's, not just the government.

Which of you moonbats wants to defend this insane debt orgy?

Debt has only reached these staggering levels because this society, at the behest of progressive leaders, has marginalized the production of value and those who produce it, while welcoming those who receive transfer payments, engage in government sponsored make-work, and shake down employers with union thuggery.

Aren't those "changes in the economy" anonymous was blathering about driven in part by greedy, Democrat-allied unions pushing up wages for autoworkers to uncompetitive levels? ($70 an hour in wages and benefits for unskilled labor. That makes no sense.)

If the job summit did the same thing as the "beer summit" I think we're lucky if unemployment doesn't spike to 15% in the next year. This is not a recession, it's a depression.

"Do any of you actually think that Michigan's woes have anything to do with some chick in local government"

WOW! Dude, did you actually write that?

As a miserable and long suffering resident of the People's Republic of Michigan I can tell you that:

1. Granholm is NOT "some chick in *local* government"... she's the fucking GOVERNOR - retard.

2. Granholm took over a state that had a significant rainy day fund, and an increasingly diverse public-sector services and industrial base - much to the dismay of the union-thugs - thanks to the previous Republican Governor (John Engler). She SQUANDERED IT!

3. Granholm was elected by the Union-thug-ocracy, and the whiny morons in State government who HATED Engler for making them earn their pay. I watched the new industry go in under Engler, and bail out under Granholm.

4. This State was in the shitter LONG, LONG, LONG before the rest of the country, which was in fact, prospering in comparison.

5. Like her GOD, Obambi, Granholm spent the first 4 years of her failed Governorship blaming Engler, then most of the last 3 blaming Bush. Now she says we will all reap the benefits of her great leadership LONG after she has left office. And Oh whoa is her, she won't get any "credit".

6. In her first 4 years in office, Granholm instituted enormous penalties against small business and non-unionized skilled workers. She raised the business taxes, raised the personal income taxes, defunded infrastructure and gave it to the teacher's union and welfare recipients, etc. In short, everything YOUR GOD OBAMA is doing right now.

Granholm TOTALLY OWNS the shitty Michigan economy, and the do nothing, tell nothing lap dog media in this state should be rounded up and systematically shot for letter her get away with it.

Wanna see your future fucktard? Look at MICHIGAN

Monica has the whitest teeth that I have ever cum across...........

Quit bad mouthin' ar guvenor, ey. Thanks ta her, we got a lot more wilderness areas comin' back. Right now, dere's a movement ta block mining in da U.P. Day say it'll hurt da tourism dere, which is da main industry now. Guess why. Fergit da oil, da copper, and da iron- we got unspoiled scenry!

Granholm is Canadian...

Hrmm that was weird, my comment got eaten. Anyway I wanted to say that it's nice to know that someone else also mentioned this as I had trouble finding the same info elsewhere. This was the first place that told me the answer. Thanks.