Page 27 of 33 FirstFirst ... 172526272829 ... LastLast
Results 261 to 270 of 328

Thread: U.S. GDP Grows Just 1.3%

  1. #261
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    It was never claimed that the unemployment rate would not exceed 8%
    Economist Christina Romer regrets saying jobless rate would stay below 8 percent

    As she prepares to step down as President Obama's chief economist, Christina Romer said Friday that she wishes she could redo one of her first official acts for the president: last January's forecast that a big shot of federal spending would save millions of jobs and keep the unemployment rate under 8 percent.

    The forecast was wrong.

    Asked about the report, Romer said in an interview: "One could have presented it differently. If we'd only talked about the effect of the stimulus on the change in unemployment [instead of predicting the unemployment rate itself] . . . it would have been better. The thing I obviously couldn't control is the baseline forecast, and that's the thing I'm getting criticized for."

  2. #262
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Yesterday @ 11:40 AM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    Is that a lie? Is it 2013? Did he not just offer to cut the deficit by $4 trillion over 10 years?
    no. he made a speech in which he mentioned 4 trillion in 12 years and a speech in which he mentioned 4 trillion in ten. asked to back this up, the CBO responded that they can't score speeches.

    nor does 4 trillion over that time period consist of halving the Bush deficit. under the budget Obama submitted, the deficit every year for the next decade is larger than Bush's

    Obviously these sorts of pledges are only promises to try, as we all know that President cannot cut spending or raise taxes without Congress' cooperation.
    interesting, then, isn't it, that he had his Democratic Allies in the Senate kill spending cuts?
    Last edited by cpwill; 07-29-11 at 07:57 PM.

  3. #263
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: U.S. GDP Grows Just 1.3%

    Back in early January, when Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way.
    Barack Obama's Stimulus Plan: Failing by Its Own Measure - TIME

  4. #264
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: U.S. GDP Grows Just 1.3%

    indeed, we're sposed to be at sweet 6.5 by now

    Romer and Bernstein on stimulus - NYTimes.com

  5. #265
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Objective Voice View Post
    To that, would you agree or disagree that a long-term deficit reduction plan with significant spending cuts tied to the debt limit would be better than a short six-month extension with minimum cuts?
    the cuts aren't significant

    heck, they're not even itemized

    ie, get real

    NO LONGTERM ADVANCES OF CREDIT WITHOUT CREDIT

    ie, not without CREDIBLE fiscal consolidation

    it's the only RESPONSIBLE thing to do

    america won't be fooled again, mom is watching, try her at your peril

    no more CREDIT without a REAL plan

    washington needs an intervention

  6. #266
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by cpwill View Post
    no. he made a speech in which he mentioned 4 trillion in 12 years and a speech in which he mentioned 4 trillion in ten. asked to back this up, the CBO responded that they can't score speeches.

    nor does 4 trillion over that time period consist of halving the Bush deficit. under the budget Obama submitted, the deficit every year for the next decade is larger than Bush's


    Obviously these sorts of pledges are only promises to try, as we all know that President cannot cut spending or raise taxes without Congress' cooperation.
    [/QUOTE]

    When did Bush run an $8 trillion deficit? I guess I missed that. Or are you confusing the debt with a deficit?

  7. #267
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: U.S. GDP Grows Just 1.3%

    Yes, like I said, it was a prediction -- not a promise. Calling it a promise is a lie.

  8. #268
    Tavern Bartender
    Constitutionalist
    American's Avatar
    Join Date
    Mar 2006
    Location
    Virginia
    Last Seen
    12-15-17 @ 10:49 AM
    Gender
    Lean
    Conservative
    Posts
    76,323

    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    You are preaching to the choir.
    Get a room.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

  9. #269
    Sage
    AdamT's Avatar
    Join Date
    Jul 2011
    Last Seen
    02-13-13 @ 04:09 PM
    Gender
    Lean
    Undisclosed
    Posts
    17,773

    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by American View Post
    Get a room.
    Wow, it took you a while to come up with that zinger.

  10. #270
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by AdamT View Post
    It was never a promise
    vote obama, 2012!

    it was never a promise

    it was a FORECAST!

    LOL!

Page 27 of 33 FirstFirst ... 172526272829 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •