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DNC Live Commentary

Caturday said:
Total household debt de-leveraging is common in a poor economy like this one and has been steadily declining since the financial crisis. Even in a low interest rate climate, the demand for consumer credit has diminished. I don't think these trends are the result of debtors having learned their lesson, it's more like a demonstration of just how weak the job market is and how much uncertainty remains.
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Part of the reason ppl are paying down debt is they didn't trust this bull market and nobody wants 0.25% on their money market account.
 
jhmd2000 said:
Part of the reason ppl are paying down debt is they didn't trust this bull market and nobody wants 0.25% on their money market account.
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No doubt. Paying down old debt is a better investment than couch cushion bank accounts.
 
PhDeac said:
No doubt. Paying down old debt is a better investment than couch cushion bank accounts.
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Our generation (I've surmised you and I graduated in the same year) got out into the workforce just in time to get crushed by the tech and housing booms. Lost decade investors turned to debt attrition after getting burned a couple of times.
 
Don't fret, those in my generation blindly throwing money into US equities will be just as fucked.
 
Some of the anti-Obama rhetoric I'm seeing on Facebook is really frightening...comments about a "godless" society, calling Obama a traitor, just all kinds of crazy comments that make me shudder.
 
iodeac said:
Some of the anti-Obama rhetoric I'm seeing on Facebook is really frightening...comments about a "godless" society, calling Obama a traitor, just all kinds of crazy comments that make me shudder.
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I have a FB friend who rants like that. I had to de-friend him; doesn't even bother looking at the other side of the argument. On the other hand there are Obama supporters who "won't be friends with anyone that votes for Romney." Really? You aren't that informed just because you like the Daily Show.
 
did Patrick remind anyone else of a skinnier Tony Gwynn?
 
iodeac said:
Some of the anti-Obama rhetoric I'm seeing on Facebook is really frightening...comments about a "godless" society, calling Obama a traitor, just all kinds of crazy comments that make me shudder.
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Defriend. Sorted.
 
General note - nice work on the thread. Between this and the WSJ blog, who needed tele'bision?
 
Just finished watching Michelle's speech on DVR (after watching the Nats pound the Cubs). Very well done. As I said on another thread...she is very relaxed giving a speech to thousands of people live and millions on TV. That is something 1/100000 of us can do. Impressive.
 
I'm guessing this thread will be dead tomorrow night. Drafted Eli tonight, so I know what I'll be watching. May try to get DNC coverage online.
 
iodeac said:
Some of the anti-Obama rhetoric I'm seeing on Facebook is really frightening...comments about a "godless" society, calling Obama a traitor, just all kinds of crazy comments that make me shudder.
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Get ready for that to get a lot worse in the coming days. For some reason the Democrats removed the word "God" from their platform - entirely. That has to be a mistake by someone. Because it is beyond bizarre politically.
 
The Democrats are doing everything possible to make me vote for Obama and the Republicans are doing the same.
 
jhmd2000 said:
An interesting comment to make on the day we tripped 16 trillion on the debt odometer.
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And who owns that debt? Is there an answer other than "both parties?" How much of that debt resulted from pre-2009 events? Did you think it'd be gone in four years?
 
DeacMan said:
Get ready for that to get a lot worse in the coming days. For some reason the Democrats removed the word "God" from their platform - entirely. That has to be a mistake by someone. Because it is beyond bizarre politically.
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Agreed. Watching CNN's post-game and Piers nailed DWS on it. She had no real answer.
 
ArlingtonDeac said:
And who owns that debt? Is there an answer other than "both parties?" How much of that debt resulted from pre-2009 events? Did you think it'd be gone in four years?
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I understand the point you're making, even though this wasn't addressed to me. You're correct "both parties" own the debt literally and figuratively as the American public is the largest holder of US debt in the world (as much as some would have you believe that China owns us). Another point to note is that we're currently able to finance our debt at extremely low rates (1.5% on average I believe) which is "only" about 240B, not bad. However, if you look at CBO predictions they're pretty confident that we'll continue to increase our borrowing and are less confident that we will see a corresponding rise in revenues. This discrepancy will grow with time and there's no way we'll continue financing at such a low rate. While you're correct that the majority of this debt comes from pre 2009, that's not what worries economists. The subsequently growing deficits and increasing cost to finance becomes very worrisome.
 
Turned on CNN. Saw that wire tapping twat Piers Morgan. Back to the biased 24 hour networks.
 
PhDeac said:
Agreed. Watching CNN's post-game and Piers nailed DWS on it. She had no real answer.
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She had no real answer for two reasons - 1 - there is no real reason other than it was a dumb mistake, and - 2 - she rarely has an answer when anyone asks her a question. I was reading the other day that the Dems. would love to just axe her entirely from news shows. But mostly in this case, it's No. 1. It's minor in the grand scheme of things, but why? Just a silly omission.
 
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