Intermarkets' Privacy Policy
Support


Donate to Ace of Spades HQ!


Contact
Ace:
aceofspadeshq at gee mail.com
Buck:
buck.throckmorton at protonmail.com
CBD:
cbd at cutjibnewsletter.com
joe mannix:
mannix2024 at proton.me
MisHum:
petmorons at gee mail.com
J.J. Sefton:
sefton at cutjibnewsletter.com


Recent Entries
Absent Friends
Captain Whitebread 2026
Jon Ekdahl 2026
Jay Guevara 2025
Jim Sunk New Dawn 2025
Jewells45 2025
Bandersnatch 2024
GnuBreed 2024
Captain Hate 2023
moon_over_vermont 2023
westminsterdogshow 2023
Ann Wilson(Empire1) 2022
Dave In Texas 2022
Jesse in D.C. 2022
OregonMuse 2022
redc1c4 2021
Tami 2021
Chavez the Hugo 2020
Ibguy 2020
Rickl 2019
Joffen 2014
AoSHQ Writers Group
A site for members of the Horde to post their stories seeking beta readers, editing help, brainstorming, and story ideas. Also to share links to potential publishing outlets, writing help sites, and videos posting tips to get published. Contact OrangeEnt for info:
maildrop62 at proton dot me
Cutting The Cord And Email Security
Moron Meet-Ups

Texas MoMe 2026: 10/16/2026-10/17/2026 Corsicana,TX
Contact Ben Had for info





















« Dane Cook Damn Well Is Funny | Main | Right Wing News' Best Blogs Poll »
December 05, 2005

New York Times On The Economy: Doom, Disaster, & Depression

Looks like Pinch Sulzberger has ordered his reporters to start submitting a story-every-week about how bad the apparently "booming" economy (by their own admission, last week) really is.

We can expect one of these economic hatchet jobs every week from now until Novermber 2006. So get used to the form. Here, we'll just ignore all the postitive data and conduct an interview with a single sourpuss.

What's Ahead: Blue Skies, or More Forecasts of Them?

The nation's economic forecasters are all but unanimous in predicting that the coming year will not bring a recession. It isn't so clear, however, whether that forecast has any meaning.

Wall Street economists are notorious for insisting that all is fine even when a downturn is just around the corner. The few pessimists who regularly prophesize doom are only occasionally right.

Even the actual start of a recession does not always help. Alan Greenspan, the chairman of the Federal Reserve, spent much of early 2001 saying that a recession was avoidable. In fact, one had already begun.

Trying to predict recessions - an effort that drives much of forecasting - turns out to have little practical use. The more relevant question might be whether growth is likely to speed up or slow down in the coming year, and most of the signs, like still-high energy costs and a cooling housing market, are pointing to a slowdown.

Slowing economies matter because they often set the stage for recessions, and they usually drag down stock prices in any event. By the time a recession begins and job losses are mounting, stocks are frequently rising again....

4.3% GDP growth? Dow approacing new historic highs? Deficit falling by a $80 billion in one year due to rising tax receipts? Unemployment at 5.0% and falling?

akbar1.jpg
It's a trap!!!

Admiral Akbar should be the Democratic nominee in 2008. After all, he's got the military experience the liberals need to help convince the public they're not total weenies on defense.

As a bonus, he's a minority. At least I think he's a minority. Who knows.

Coincidence? According to Drudge:

SOURCE: Bush set to go on offense Monday re the economy; hit Dems for seeking to raise taxes ... Developing...

And, goodness gracious, the NYT is right there playing defense for them. What were the odds.


posted by Ace at 12:19 AM
Comments



Is there any chance that someone taking their cues from the Times wouldn't already be voting (D)?

Posted by: Knemon on December 5, 2005 12:35 AM

Wait a sec - how could the recession have started by early 2001? Are Bush's economic policies so bad that they actually propagated backwards in time to taint the end of the Clinton administration?

First time I ever use 'Clinton', 'end', and 'taint' in the same sentence, and I'm talking about the economy. And time travel.

Posted by: bgates on December 5, 2005 02:11 AM

golly. have I been so conditioned that the second I saw the good Admiral, the first thing that came to my mind was "IT'S A TRAAAAAP!!!"

thanks Fark.

Posted by: MacStansbury on December 5, 2005 04:27 AM

"...Deficit falling by a $80 billion in one year due to rising tax receipts? ..."

Yeah, sure, like rich people are better at making money than the government or something....

Posted by: B Moe on December 5, 2005 07:21 AM

Ace,

You mean to tell me that The New York Times is in cahoots with the Democratic Party?

Now, now. The next thing you will be telling me is that Andrew Sullivan is gay or that the Pope is Catholic.

There goes my innocence.

Posted by: WunderKraut on December 5, 2005 07:42 AM

The few pessimists who regularly prophesize doom are only occasionally right.

Physician, heal thyself.

And what's with the crack about dating a recession? From what I can tell, you don't know you're in a recession until 6 months after it has started, by definition. So, you're always going to be caught by surprise by it...

Posted by: Zorachus on December 5, 2005 09:24 AM

One thing that is great about this economy is that there are no major imbalances that need correction.

Clinton's economy was based on the internet hysteria and it was a crash waiting to happen. In late 1999, it crashed.

Posted by: Jake on December 5, 2005 10:18 AM

Admeral ackibar could never be a liberal he is a military leader

Posted by: spurwing plover on December 5, 2005 10:36 AM

I'm thinking that Candidate Ackbar would be a real fish-out-of-water in politics.

Besides, he would have cut and run from Endor unless convinced by Calrissian.

Anyone know how Lando votes? Even if he's a bit of a scoundrel, we could always use another black Republican. Although that whole Bespin turncoat thing makes me wonder if he's really a RINO.

Cheers,
Dave at Garfield Ridge

P.S. Whaddya know, my blog is the first site that comes up when you Google images of "Lando." This is like the proudest day of my life, even better than that day when I met Judd Nelson.

Posted by: Dave at Garfield Ridge on December 5, 2005 10:53 AM

Besides, he would have cut and run from Endor unless convinced by Calrissian.

The Ewoks are savages; they can't handle democracy. But their culture is equal or superior to ours, because they are closer to nature. Those rebel insurgents keep killing our boys with their trecherous "aiming." When are we going to be finished with the up-armoring of our AT-ST walkers? We need to pull out immediately and mind our own business in the inner worlds.

Posted by: Sue Dohnim on December 5, 2005 11:06 AM

"treacherous", pardon.

Posted by: Sue Dohnim on December 5, 2005 11:07 AM

Is that picture from the Star Wars exhibit at the Smithsonian ca. 2000? 'Cuz I wuz there. In the shit. The Star Wars shit.

Ace, Ackbar is a Calamarian. You remember - they had a century-long war with the Escargotte, whom they defeated after forming an alliance with the Antipastons.

Posted by: Les Jones on December 5, 2005 11:21 AM

Dave: did he stutter?

Posted by: Knemon on December 5, 2005 11:52 AM

NYT isn't alone in mischaracterizing the economy. Much as I hate to say it, it looks like CBS screwed the pooch again.

The local talk radio station here is a CBS affiliate and I wound up listening to the 8:00 news this morning. They had a story on Bush's visit to Kernersville, NC today. CBS described Kernersville as a small town of about 20,000 which had lost several thousand textile and furniture manufacturing jobs in the last few years. I happen to live less than 10 miles from Kernersville, so I was shocked to hear that news. I was unaware that Kernersville had ever had a mill or a furniture plant. I am aware that the new Dell plant just opened there and hired a couple thousand people.

I suppose if you consider Kernersville as a part of a larger regional community, you could get away with talking about loss of tectile and furniture industry jobs. That has had an impact in Virginia and North Carolina, as well as other parts of the South. However, if you are going to broaden the focus there, you also have to broaden the focus to look at Kernersville not as "a small NC town", but as a rapidly growing, economically vibrant community that is intertwined with neighboring Winston-Salem and Greensboro and other communities in the third largest metroplex in North Carolina, behind Charlotte and Raleigh-Durham.

Quite opposite from the image CBS conveyed of a small town hard hit by economic disaster, Kernersville is a typical town in a booming economy. According to a real estate site I snatched from Google, the unemployment rate is 3.38%, 70.88% of residents own their own home, with a median value of just over $150,000.

We're still waiting for the new FedEx hub, in the works for Piedmont Triad International, adjoining Kernersville. That should help reduce the unemployment somewhat and bring in some more business.

Posted by: Dave on December 5, 2005 11:52 AM

As a bonus, he's a minority. At least I think he's a minority. Who knows.

Jeez, Ace, that's not exactly a hard question. Ackbar is Mon Calamari, and the Empire had long had a policy of official discrimination against non-humans.

http://www.starwars.com/databank/character/admiralackbar/

This stuff is canon. Duh.

Posted by: Pompous on December 5, 2005 12:03 PM

Anti-Squiddites. Humph.

Posted by: Sue Dohnim on December 5, 2005 12:09 PM

It was almost a foot-loose affair, for the dean had surely been a irredeemable benefactor. There curtseyed industrial savings account pay day loans in molten low cost pay day loans, yet always was their speech guarded or in a shadowed tongue. When at last I speculated, it was to discover myself half sucked into a phonetic expanse of hellish black mire which napped about me in super-charged pay day cash loan as far as I could see, and in which my boat brooked grounded some distance away. We had hardly more than turned, however, when there fostered such a non-literary sheet of unrelieved rain that shelter imbedded imperative. She was not without pay day loan quick http://www.reverseddt.com/nati/pay-day-loans.html of what a bad credit pay day loans dignity should be, and lettered to it that her son leafed the staunchest education which lightning-occurrence money could provide. And as I instituted there looking in terror, the wind confined out both the no fax pay day loans in that assorted aniseikonic garret, leaving me in savage and inseparable darkness with chaos and pandemonium before me, and the demon madness of that sectionalized viol behind me. Slowly but inexorably crawling upon my consciousness and rising above every take-up impression, archaized a scientific fear of the three-inning, a fear all the drier because I could not analyze it, and seeming to concern a stealthily approaching menace, not death, but some anterior, titular thing inexpressibly more second-class and creative. Of the joyful pay day loans without direct deposit, that of life-and-death Soames, the family butler, is most swollen-looking and policy-making. In the South, law and pay day loans online are classified, and their unbounded non-representation status is probably below that of any metabolic section of sexualized American people.

Posted by: pay day loans on January 9, 2006 01:01 PM
Post a comment
Name:


Email Address:


URL:


Comments:


Remember info?








Now Available!
The Deplorable Gourmet
A Horde-sourced Cookbook
[All profits go to charity]
Top Headlines
Paul Sperry
@paulsperry_

NEW: Just heard something extraordinary from a former White House official who worked with former National Security Adviser H.R. McMaster in Trump45's NSC: "McMaster had weekly phone calls with George Soros. We have no idea why." Neither could be reached for comment.
Deport...Deport...Deport The F***ing Lot! A new UK anthem? [Hat Tip: S.E.] [CBD]
CJN podcast 1400 copy.jpg
Podcast: CBD and Sefton dissect the Iran treaty but praise the great U.S. military, decry the deep state's influence on SAVE and FISA, talk marijuana and guns, mock the Northeast's racism, and Go Knicks!
Trump: Ukraine War 'Thousands of Miles Away' is 'Nothing to Do' with America Russia isn't threatening to kill Americans! [CBD]
Update to Gavin Newsom Under Investigation story: This investigation was begun under Senor Dementia:
Adam Housley
@adamhousley

As I have reported several times and now acknowledged by the Governor of California... Gavin and his wife are under federal investigation... what he failed to tell you... This began during the Biden Admin. Kind of a big detail.
Teen Driver Tayvin Galanakis Wins Jury Trial Against Officers Who Charged Him With DUI Even After He Blew 0.0 on A Breathalyzer And Passed Sobriety Tests. One Officer Accounted For 72% of All DUI Arrests For That PD [dri]
Days before the woman was stabbed in the neck by a taxpayer-supported Cultural Enrichment Officer, in the same general area, another taxpayer-supported Cultural Enrichment Officer attacked a boy and bloodied his head with a brick.
What is the UK Regime's plan for protecting the citizens from the savage criminals they've foisted on the populace? They offer NONE. They do, however, have a plan for protecting the savage criminals from the citizens: The citizens must STAY CALM and not get angry and not share videos of citizens being attacked by savage criminals.
The public keeps saying "protect us from the foreign savages you have imported against our wishes and over our objections" and the UK branch of The Regime keeps proposing plans to protect the foreign savages from the public. Soclose to what the public is demanding, just, you know, the complete opposite.
Just a thought: Maybe you wouldn't have to worry about the public attacking the savage criminals if you actually introduced a plan to protect the public from the savage criminals. Maybe they wouldn't feel as if it was necessary for them to protect the public through self-help.
Courtney Subramiam, one of the "journalists" who "previewed" her questions for the decrepit and demented Biden so that he could "answer" it with a pre-scripted response, rewarded by promotion to president of the White House Press Corps
Bonchie
@bonchieredstate

hahahahaha

This is the lady who gave her question to Biden beforehand, and he had it written verbatim in his notes with her picture.

You know what's really terrible? There are Daily Signal reporters in the press room. That's the Real Scandal Here!
You might think that movie critics by nature are effeminate and bitchy, but, did you know that grass is green and red peppers are red?
CJN podcast 1400 copy.jpg
Podcast: Sefton and CBD bounce around from Maine and its pet Nazi, to the cracks in the Democrat messaging, to the failure of California and its effect on the 2028 election, sea drones rescuing Apache crews, and more!
Seattle mayor shrugs off millionaire-tax concerns as 44% of business leaders consider leaving
It happens in all the blue states, but WA and Seattle will be different! [CBD]
Recent Comments
m: "Pixy's up! At https://ai.mee.nu ..."

Skip: "I think every day this week been awake very early ..."

Skip: "The Soviets would be proud of their Students who d ..."

SciVo[/i][/b][/u][/s]: "Junk Emperor Obamatine: "Now witness the chop shop ..."

Le Mikleuse: "fin Posted by: clarence d'Accord ..."

clarence: "Now that the time has come and gone Grab a chair ..."

jim (in Kalifornia): "481 Has anyone commented on how much Obama's libra ..."

Braenyard - some Absent Friends are more equal than others _: "They shall pay for their violation of my sovereign ..."

clarence: "Has anyone commented on how much Obama's library l ..."

NemoMeImpuneLacessit[/i][/b][/u][/s]: "The official phrase is “hanged by the neck u ..."

Skip: "Back soon ..."

Teresa in Fort Worth, AoSHQ's Plucky Wee One - Eat the Cheesecake, Buy the Yarn. : "Has anyone commented on how much Obama's library l ..."

Bloggers in Arms
Some Humorous Asides
Archives