Comments on: King Report: Why I Don’t Believe the Household Survey

By: O2

O2 — Tue, 09 Feb 2010 11:49:35 +0000

“Countries accustomed to the undeserved goodies that socialism promised but delivered on borrowed money do not have the political will to cut the unaffordable spending.”

And Capitalism?…

Go stick your head back up Bill O’Reilly’s butt.

FAIL.

By: foxmuldar

foxmuldar — Tue, 09 Feb 2010 02:42:23 +0000

“The Household Survey increase in jobs is NOT supported by withheld taxes, which show a 7.2% decline for January. Tax data measure real money going into workers’ hands.”

TrimTabs employment analysis, which uses real-time daily income tax deposits from all U.S. taxpayers to compute employment growth, estimated that the U.S. economy shed 104,000 jobs in January. Meanwhile, the Bureau of Labor Statistics (BLS) reported the U.S. economy lost 20,000 jobs. We believe the BLS has underestimated January’s results due to problems inherent in their survey techniques.

http://www.businessinsider.com/trimtabs-heres-why-the-real-jobs-loss-number-was-5x-worse-than-what-the-bls-reported-2010-2

By: miamiocean

miamiocean — Mon, 08 Feb 2010 21:18:01 +0000

“At some point the borrowed money train will halt and the goodies will disappear, just like in the USSR. ”

What “goodies” did the Soviet people get from that corrupt system ? Food lines, sub-standard housing, and forced servitude for the good of the motherland. Yup those Soviets really were living it up. Each citizen commie with their own dacha and a fancy car in the driveway of their 3000 square foot government provided home. The USSR was a communist system, not socialism.

By: JesseLivermore

JesseLivermore — Mon, 08 Feb 2010 20:40:54 +0000

For a blog which prides itself on avoiding money-losing political ideology, it’s strange that you would post an article which is so full of it. A bailout of Greece is doomed to fail because “socialism is collapsing on a global basis?” Last I checked, Sweden, Germany, and a dozen other social democracies had a better financial position than the US.

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BR: The Think Tank is for a variety of different voices — I dont agree with all of them, but this space is for debate . . .

By: Take a name

Take a name — Mon, 08 Feb 2010 17:22:28 +0000

Bailing out PIGS is not the major issue. If the EU does a bailout, it will only be a temporary aid because socialism is collapsing on a global basis due to the enormous, unserviceable debt.

Countries accustomed to the undeserved goodies that socialism promised but delivered on borrowed money do not have the political will to cut the unaffordable spending. So in the near future, the market will force the requisite changes.
—————————————–

Hold on their Bill. Socialism may or may not be collapsing on a global basis but US style capitalism is collapsing faster.

Countries accustomed to undeserved goodies? You make me smile. Looking at job creation and wealth distrubution in the US tells me the US financial sector, Wall St. and others in the top percentiles have grown accustomed to the “undeserved goodies”. But as you say, in the near future, the market will force the requisite changes.