You continue to take shit out of context, block-quote shit from people you don't understand, and cherrypick minor trivial shit that are at best tangents

THURSDAY, JULY 09, 2009
When Will The Recovery Begin? Never.
The so-called "green shoots" of recovery are turning brown in the scorching summer sun. In fact, the whole debate about when and how a recovery will begin is wrongly framed. On one side are the V-shapers who look back at prior recessions and conclude that the faster an economy drops, the faster it gets back on track. And because this economy fell off a cliff late last fall, they expect it to roar to life early next year. Hence the V shape.
Unfortunately, V-shapers are looking back at the wrong recessions. Focus on those that started with the bursting of a giant speculative bubble and you see slow recoveries. The reason is asset values at bottom are so low that investor confidence returns only gradually.

That's where the more sober U-shapers come in. They predict a more gradual recovery, as investors slowly tiptoe back into the market.

Personally, I don't buy into either camp. In a recession this deep, recovery doesn't depend on investors. It depends on consumers who, after all, are 70 percent of the U.S. economy. And this time consumers got really whacked. Until consumers start spending again, you can forget any recovery, V or U shaped.

Problem is, consumers won't start spending until they have money in their pockets and feel reasonably secure. But they don't have the money, and it's hard to see where it will come from. They can't borrow. Their homes are worth a fraction of what they were before, so say goodbye to home equity loans and refinancings. One out of ten home owners is under water -- owing more on their homes than their homes are worth. Unemployment continues to rise, and number of hours at work continues to drop. Those who can are saving. Those who can't are hunkering down, as they must.

Eventually consumers will replace cars and appliances and other stuff that wears out, but a recovery can't be built on replacements. Don't expect businesses to invest much more without lots of consumers hankering after lots of new stuff. And don't rely on exports. The global economy is contracting.

My prediction, then? Not a V, not a U. But an X. This economy can't get back on track because the track we were on for years -- featuring flat or declining median wages, mounting consumer debt, and widening insecurity, not to mention increasing carbon in the atmosphere -- simply cannot be sustained.

The X marks a brand new track -- a new economy. What will it look like? Nobody knows. All we know is the current economy can't "recover" because it can't go back to where it was before the crash. So instead of asking when the recovery will start, we should be asking when and how the new economy will begin. More on this to come.

Problem is, consumers won't start spending until they have money in their pockets and feel reasonably secure. But they don't have the money, and it's hard to see where it will come from

That's not what it says, and I've already pointed out why. Come back when you've read the trustee's report yourself.

That the programs will ultimately go bankrupt is clear from the trustees' reports. On pages 201 and 202 of the Medicare report, you will find the conclusive arithmetic: over the next 75 years, Social Security and Medicare will cost an estimated $103.2 trillion, while dedicated taxes and premiums will total only $57.4 trillion. The gap is $45.8 trillion. (All figures are expressed in "present value," a fancy term for "today's dollars.")

No, it wasn't. The purpose was to keep us from entering a really shit "Second Great Depression"

Utterly fucking meaningless. It had a loss of under three billion on revenues of over $70B? In a down market? And this didn't cost taxpayers a dime because it doesn't get tax subsidies? That's not "Bankrupt" by any stretch of the imagination.

WASHINGTON (AP) — The financially strapped U.S. Postal Service will run out of money this year without help from Congress, Postmaster General John Potter warned on Wednesday.

Ever deal with the cable company? The phone company? A... health insurance company? Of course not, because you're a fucking child, but if you'd had, you would know that bureaucracy and red tape are not the sole province of government agencies, so that argument is a non-fucking-starter.

Oh, and by the way? Maybe you just live in a shitty state: (http://www.nydmv.state.ny.us/press/pr061306.htm) DMV RELEASES CUSTOMER SATISFACTION SURVEY
Overall Results Indicate High Customer Approval

Commissioner Nancy A. Naples of the New York State Department of Motor Vehicles (DMV) today announced the results of the 2006 DMV Customer Satisfaction Survey. Nearly 800 respondents from across New York State participated

Kennedy Care

And there's no way for you to exit gracefully after the astounding level of asinine thoughts you've betrayed in this thread. Best you can do is hope people forget how truly you have embarrassed yourself.

lmao...how stupid do you think I am! remember what I said about common knowledge? I'd be hard pressed to find a single comedian who hasn't made a wise crack about the miserable state of going to the DMV.

Consider saving your breath there RBJ...in the end, it doesn't matter how bad I kick your ass in the political debate...your precious government option aint passing :p! and I will be laughing all the way to the finish line. Waste time chasing me, waste time sweating blood and seething...it only makes for a great show along the way :D