Why Stimulus Fails to Achieve What Its Proponents Promise, As Explained by Two Nobel Prize Winners’ Economic Theories

Firstly, because not all people are stupid, short-sighted suckers.

Milton Friedman, winner of the 1976 Nobel Memorial Prize in Economic Sciences, proposed the Permanent Income Hypothesis that basically says: People won’t spend more just because they get a one-off, one-time boost (e.g. Stimulus), but only if they foresee a long-term increment (e.g. permanent tax cuts).

Secondly, because not all people are stupid, short-sighted suckers (wow, is that a trend or something?).

Thomas Sargent, one of the two winners of the 2011 Nobel Memorial Prize in Economic Sciences, proposed the Rational Expectations Theory that basically says: Don’t expect people to react to your attempted (economic) manipulation like robots with no free will or personalities. Especially if you are trying the same old tricks yet again! Fool me once…

Hence, when politicians and their pet economists (or is it the other way around?) assume they can just open the fiscal spigot and the teeming masses will fall in line with perfect obedience to their hubristic theories, it doesn’t turn out the way they expected. Stimulus does not automatically equate to an improved economy.

And reality bears the above out, to the massive detriment of Americans for 7 years running.

College Liberal Meme – Fave Picks Pt 4

Due the large number, the images are split between 4 posts.

#001 – #250 and the intro are here.

#251 – #500 are here.

#501 – #750 are here.

#751 – #900+ are below.

College Liberal Meme – Fave Picks Pt 3

Due the large number, the images are split between 4 posts.

#001 – #250 and the intro are here.

#251 – #500 are here.

#501 – #750 are below.

#751 – #900+ are here.

College Liberal Meme – Fave Picks Pt 2

Due the large number, the images are split between 4 posts.

#001 – #250 and the intro are here.

#251 – #500 are below.

#501 – #750 are here.

#751 – #900+ are here.

College Liberal Meme – Fave Picks

Via Know Your Meme, Quickmeme and Meme Generator.

See also collected other memes:
Super Strict Success Asian Mom and Dad Meme Lols
RPG Motivational Posters
Demotivators – Depressing Anti-Motivational Posters

Or heck, just straight to My Obsessive-Compulsive List of My Obsessive-Compulsive Lists.

Due the large number, the images are split between 4 posts.

#001 – #250 are below.

#251 – #500 are here.

#501 – #750 are here.

#751 – #900+ are here.

Be warned, 200+ images below the break! (All are jpg expect the 2nd and 4th ones.)

See also collected other memes: Super Strict Success Asian Mom and Dad Meme Lols

Obama in 2017 – The Only Job Left That’s A Step-Up from President

So barring an overhaul of the legislation to allow a third term as President, Obama will be all packed to leave the White House by January 2017. Where to from there? What remains to be achieved by the most powerful man in the world, the head of the richest, only superpower among the nations?

It’s been said by some that there is no higher position left to attain. This is it, and anything else represents a step down for Obama.

Actually, I believe there is one step up left.

Say hello to U.N. Secretary General Barack Hussein Obama.

It makes perfect sense, doesn’t it? He was always less of the Leader of the USA, and more of the Healer-Messiah Ascended Guide of The World. Even as practically half of America rejected him in 2012, he’s still wildly popular in the rest of the world that doesn’t actually have to live under his domestic policies (Pakistan, Iran and anywhere else his Kill Drones are circling not included of course).

He’s especially beloved in Europe – that debt-sunken, chronically unemployed, high-gas priced, green energy failing territory he’s trying to make the USA emulate. It was a bunch of Euroweenies who voted him his Nobel Peace Prize remember.

It fits his temperament perfectly – a few mediations here, a few high-society cocktail receptions there, a lot of empty platitudes to world peace and the universal brotherhood of humanity with very little actually getting accomplished.

Plus, heading the carbon-cappy UN gels perfectly with his intentions to slow the rise of the oceans and redistribute the wealth of the imperialist First World that deserves to be punished for their historic wrongs against the rest of the world.

So be warned, Americans – just because Obama doesn’t stick around as Diktator for Life, doesn’t mean he can’t find other ways to mess up America!

Dow Jones Celebrates Obama’s Second Term Pretty Much the Same Way it Did His First Term

By binge drinking their sorrows away:

Dow drops in post-election sell-off

NEW YORK — Wall Street greeted a second Obama term the way it greeted the first.

Investors dumped stocks Wednesday in the sharpest sell-off of the year. With the election only hours behind them, they focused on big problems ahead in Washington and across the Atlantic Ocean.

Frantic selling recalled the days after Obama’s first victory, as the financial crisis raged and stocks spiraled downward.

…

It was the worst day for stocks this year, but not the worst after an election. That distinction belongs to 2008, when Barack Obama was elected at the depths of the financial crisis. The Dow fell 486 points the next day.

Tipped by wits0, via FireAndreaMitchell: 45 companies announce layoff plans in 48 hours following Obama’s ‘victory’.

From MSN Money:

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Yep, credit must go to Obama… The allergic reaction to his second term is nowhere near as bad as it was to his first term:

Plus plenty more at the link, stretching up to 2 weeks (and 1628 points down) from his first Election win.

See also related:

Obama’s Economic Successes: A Roundup – Dozens of graphs showing just why the markets don’t trust Obama

Obama, Please Stop Talking Sh*t:

Four Years On, Stock Market Still Allergic to Obama

Obama Speaketh, Stock Market Crasheth:

Dow Jones Surges After 2011 GOP Debate

American Stock Exchange ‘Celebrates’ Obama With Record CRASHES – Repeatedly!

The Best and the Worst of the Obama vs Romney Denver Debate

There are probably plenty of other dissections of Obama various skews, misdirections and outright lies… But here I’m just focusing on the lines and moments that leapt out at me. Relevant links and extras included for your additional time disappearing!

(I did some of the transcript by ear, then switched to NYT’s transcript with some modifications.)

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BEST, 5:15 – Romney: “I’ve had the occasion over the last couple of years of meeting people across the country. I was in Dayton, Ohio, and a woman grabbed my arm, and she said, I’ve been out of work since May. Can you help me?”

Romney does this several times throughout the debate – citing personal anecdotes of real people, which really serves to humanize him. Which must be very surprising to the viewer who knows Romney only from the liberal media’s portrayals:

Four Years On, Stock Market Still Allergic to Obama

In the vein of the historical Obama Speaketh, Stock Market Crasheth, American Stock Exchange ‘Celebrates’ Obama With Record CRASHES – Repeatedly!, and Dow Jones Surges After 2011 GOP Debate… Here’s a more recent update from CNBC via AoSHQ:

One analysis concludes that last week’s sharp three-day market surge can only mean that Wall Street is banking on a victory from Republican Mitt Romney.

That’s the logical interpretation one can draw from a rally amid conditions that otherwise would demand a selloff, Morgan Stanley chief U.S. equity strategist Adam S. Parker said in an analysis that asserts there is no other reason now to like stocks than a Romney win.

And via AoSHQ, next:

Stocks Shoot Up — This Really Might Be A Romney Rally

Stocks are taking off. Now up a bit less than 1%.

Romney rally? It could be, since there’s no equivalent rally happening in the European sovereign bond market, so it would imply that the rally is based on something stateside.

A couple other quick points:

It’s pretty well accepted dogma on Wall Street that Romney would be better for stocks.
Also, stocks got a bit of a lift last night right after the Romney victory.
The Romney win was the #1 talking point on morning analyst notes today.

Bottom line: Quite plausible.

Also noteworthy is that volume is on the high side today.

See also massive collection of telltale graphs and videos at Obama’s Economic Successes: A Roundup.

Obama’s You Didn’t Build That – Well, Roads Didn’t Build That For Sure

Another in the Communist vs Capitalist vein, from IMAO:

See also North Korea vs South Korea: We Require More Minerals, Red Primer for Children and Diplomats: History of Communism in Cartoon Form, Full Version Available.