Comments on: Fact-Checking the State of the Union Speech http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech Control Congress is a multi-partisan, issue-oriented political forum that brings together the Left, Right, and everyone in between. Sat, 31 Jul 2010 01:25:59 -0500 http://wordpress.org/?v=2.8.4 hourly 1 By: Jan Paul http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-63034 Jan Paul Thu, 31 Jan 2008 02:58:21 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-63034 No but, he had his face on TV at the Reagan Library today with ARNOLD, saying how great our economy was and while we have some problems, have faith in the economy and "we get through tough times." Grrrr! If things are so great, more and more are asking, "why are we in panic mode?" No but, he had his face on TV at the Reagan Library today with ARNOLD, saying how great our economy was and while we have some problems, have faith in the economy and “we get through tough times.”

Grrrr!

If things are so great, more and more are asking, “why are we in panic mode?”

]]> By: David O'Rear http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-63031 David O'Rear Thu, 31 Jan 2008 02:50:22 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-63031 Attention. May I have your attention, please? <b>NOW HERE THIS</b> . We no longer have to put up with the Dubious idiot giving State of the Union speeches. Never again. . That is all. Attention.
May I have your attention, please?
NOW HERE THIS

.

We no longer have to put up with the Dubious idiot giving State of the Union speeches.

Never again.

.

That is all.

]]> By: Jan Paul http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62994 Jan Paul Wed, 30 Jan 2008 18:49:15 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62994 Sgt. Mac and others I have mentioned the dollar and Iraq and Iran. This article may tell why they were viewed as economic threats, better than what I was saying. Quote: Much was made of Iran’s announcement back in December, 2007 – that they would no longer be accepting U.S. Dollars as payment for their chief export, crude oil: snip-------------- What the table above clearly shows is this: Countries that import Iranian crude oil clearly “took notice” and made dramatic adjustments to their foreign reserve holdings [for the most part] – beginning immediately after July 13, 2007 – when Iran put Japan “on notice” that they would be required to pay for their crude in Yen. snip------------ This means that a 44.7 B with-drawl of U.S. Dollar reserves from the U.S. Dollar-centric banking system had the predictable cause / effect of close to a ½ Trillion monetary contraction event. <a>Myth vs. Reality by Rob Kirby</a> Any change in oil sales from dollars hits the U.S. where it lives, in its financial dealings. The article also shows how "fractional banking" works and why this affects it. Sgt. Mac and others

I have mentioned the dollar and Iraq and Iran. This article may tell why they were viewed as economic threats, better than what I was saying.

Quote:
Much was made of Iran’s announcement back in December, 2007 – that they would no longer be accepting U.S. Dollars as payment for their chief export, crude oil:
snip————–
What the table above clearly shows is this: Countries that import Iranian crude oil clearly “took notice” and made dramatic adjustments to their foreign reserve holdings [for the most part] – beginning immediately after July 13, 2007 – when Iran put Japan “on notice” that they would be required to pay for their crude in Yen.
snip————
This means that a 44.7 B with-drawl of U.S. Dollar reserves from the U.S. Dollar-centric banking system had the predictable cause / effect of close to a ½ Trillion monetary contraction event.
Myth vs. Reality
by Rob Kirby

Any change in oil sales from dollars hits the U.S. where it lives, in its financial dealings.

The article also shows how “fractional banking” works and why this affects it.

]]> By: captain_menace http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62941 captain_menace Wed, 30 Jan 2008 02:40:42 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62941 <i>"Uganda has turned their crisis around simply by giving out condoms."</i> Altogether now ---- Every sperm is sacred... Every sperm is great... If a sperm is wasted... God gets quite irate... “Uganda has turned their crisis around simply by giving out condoms.”

Altogether now —-

Every sperm is sacred…

Every sperm is great…

If a sperm is wasted…

God gets quite irate…

]]> By: David O'Rear http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62935 David O'Rear Wed, 30 Jan 2008 01:30:54 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62935 The only reason the President of the United States would lie during a State of the Union address is if he wanted the terrorists to win. If he lied, the terrorists have already won. The only reason the President of the United States would lie during a State of the Union address is if he wanted the terrorists to win.

If he lied, the terrorists have already won.

]]> By: Jan Paul http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62929 Jan Paul Wed, 30 Jan 2008 00:47:59 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62929 quote: When indeed did a recession become something that we absolutely must avoid? What is it that the Fed, for the past decade, has feared about a recession? Recessions have been common throughout our history, and the country has always ridden them out because its political and economic leaders understood that such a "riding out" was necessary to purge the system of its excesses and thus be able to return to real growth again. What is different about this time that would make the Fed so desperate to avoid going through this healthy purging? Here is the difference. What is unfolding around us (and actually has been unfolding since 2000) is that the Keynesian chickens set loose in 1936 are coming home to roost. Long term consequences are upon us, and they are bad consequences that have their roots in the fallacy of Keynesianism as a legitimate doctrine of economic thought. <a>KEYNESIAN CHICKENS COMING HOME by Nelson Hultberg</a> And even many in the GOP have been raising chickens that are coming home. quote:
When indeed did a recession become something that we absolutely must avoid? What is it that the Fed, for the past decade, has feared about a recession? Recessions have been common throughout our history, and the country has always ridden them out because its political and economic leaders understood that such a “riding out” was necessary to purge the system of its excesses and thus be able to return to real growth again. What is different about this time that would make the Fed so desperate to avoid going through this healthy purging?

Here is the difference. What is unfolding around us (and actually has been unfolding since 2000) is that the Keynesian chickens set loose in 1936 are coming home to roost. Long term consequences are upon us, and they are bad consequences that have their roots in the fallacy of Keynesianism as a legitimate doctrine of economic thought.
KEYNESIAN CHICKENS COMING HOME
by Nelson Hultberg

And even many in the GOP have been raising chickens that are coming home.

]]> By: Jan Paul http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62908 Jan Paul Tue, 29 Jan 2008 21:33:55 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62908 http://tinyurl.com/3yn952 On Fictitious Government Statistics (4.9% GDP Growth Edition) http://tinyurl.com/3yn952
On Fictitious Government Statistics (4.9% GDP Growth Edition)

]]> By: Jan Paul http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62907 Jan Paul Tue, 29 Jan 2008 21:32:53 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62907 <a>On Fictitious Government Statistics (4.9% GDP Growth Edition)</a> That is why even under Clinton, many of the numbers we were getting were phony. Then add the "birth/death" ratio for computing job growth and the use of unreported loans from trust funds to change the deficit spending picture, and the other manipulations any it is no wonder the GAO can't give Congress an accurate picture of our Fiscal Condition for over 10 years now. On Fictitious Government Statistics (4.9% GDP Growth Edition)

That is why even under Clinton, many of the numbers we were getting were phony.

Then add the “birth/death” ratio for computing job growth and the use of unreported loans from trust funds to change the deficit spending picture, and the other manipulations any it is no wonder the GAO can’t give Congress an accurate picture of our Fiscal Condition for over 10 years now.

]]> By: Jan Paul http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62906 Jan Paul Tue, 29 Jan 2008 21:30:00 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62906 quote: Ritholtz, Shedlock, and Nouriel Roubini haver also criticized previous GDP releases, and Shedlock in particular has written on the seldom-considered practice of using hedonic adjustments to GDP. They allow for the fact that computers are becoming more powerful at lower costs. In essence, the US grosses up the price of computers in its GDP reports to adjust for the fact that computer prices are dropping. These adjustments have been going on since 1980 and the US is the only OECD country to use this approach. Shedlock obtained some data from the Bureau of Economic Advisers that indicated that hedonic index-related adjustments had added $2.257 trillion to 2005 GDP. That's 22% of the total. <a>On Fictitious Government Statistics (4.9% GDP Growth Edition)</a> quote:
Ritholtz, Shedlock, and Nouriel Roubini haver also criticized previous GDP releases, and Shedlock in particular has written on the seldom-considered practice of using hedonic adjustments to GDP. They allow for the fact that computers are becoming more powerful at lower costs. In essence, the US grosses up the price of computers in its GDP reports to adjust for the fact that computer prices are dropping.

These adjustments have been going on since 1980 and the US is the only OECD country to use this approach. Shedlock obtained some data from the Bureau of Economic Advisers that indicated that hedonic index-related adjustments had added $2.257 trillion to 2005 GDP. That’s 22% of the total.

On Fictitious Government Statistics (4.9% GDP Growth Edition)

]]> By: GA Patriot http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech/comment-page-1#comment-62883 GA Patriot Tue, 29 Jan 2008 18:34:01 +0000 http://controlcongress.com/uncategorized/fact-checking-the-state-of-the-union-speech#comment-62883 I was really pleased that he thoughtfully proposed giving billions to Africa to fight AIDS, while our social security system is virtually bankrupt. Uganda has turned their crisis around simply by giving out condoms. I was really pleased that he thoughtfully proposed giving billions to Africa to fight AIDS, while our social security system is virtually bankrupt. Uganda has turned their crisis around simply by giving out condoms.

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