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Thread: U.S. GDP Grows Just 1.3%

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by CriticalThought View Post


    Funny. I take the same line of 99% of economists and I'm "buying into media rhetoric".
    i would like to see a citation of that number?

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by CriticalThought View Post


    Confidence is the issue right now. Paying off the debt is part of improving that, but it is only one small part of the bigger problem.
    indeed. there are three huge killers right now that are destroying predictability: 1. the debt 2. a rapidly increasing regulatory burden (in particular Obamacare, but plenty else besides) and 3. uncertainty over future tax rates.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by CriticalThought View Post


    I'll make this incredibly simple for you.
    Please don't, I can't take any more of your simplistic explanations.

    I was only making the point that there's a lot more to the market than confidence. My comments concerning the debt ceiling were in relation to rising inflation, not the markets. Take note of what's referenced in the quote box next time.

    And, while I find it rather amusing that you seem to be blaming the current debt talks for major declines in GDP occurring as far back as January... it's not really a tangent I'd like to explore.

    Quote Originally Posted by CriticalThought View Post
    And as for your dumbass statement. Ethopia's GDP grew 10.9% between 2010 and 2011. Zimbabwe's GDP grew 9.3%. A large part of that was due to microlending.
    Wow! Now, that's just astonishing! Sounds like their economy is cracking like a whip. I can picture them all dancing in the streets, with ipods in hand and a fresh pair of nike's underfoot.

    Now, how exactly do we calculate 10.9% of "diddly"?

    Quote Originally Posted by CriticalThought View Post
    Why do I have to constantly pwn you conservatives?
    You don't have to. Since you appear to be operating in your own little world of fantasy, you're free to imagine whatever you please. Maybe you'd like to relax for a bit and take a leisurely ride on a rainbow pony?

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by cpwill View Post
    hell, why don't we give it credit for halting an alien invasion as well? "Billions would have died but Noble Super Obama Saved Us All!!!"
    You could say the same thing about butterfly wings flapping in Australia, but that is the point. You can't predict what would have happened without it. Of course, it seems you gravitated towards one outcome more than the others, which shows you are responding emotionally and reading only what you want to read, not what I am actually posting.

    it won't. in fact, of those willing to lend and invest, it took much of the money with which they were going to do so.


    We borrowed money for the stimulus, we didn't take it from tax revenues.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by CriticalThought View Post


    Confidence is the issue right now. Paying off the debt is part of improving that, but it is only one small part of the bigger problem.
    Do you get your annual credit report? How does increasing your credit card debt affect your credit score especiallyw when you have rising debt?

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by CriticalThought View Post


    Funny. I take the same line of 99% of economists and I'm "buying into media rhetoric".
    99% of economists? Sounds like an exaggeration to me. prove it?

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Taylor View Post
    And, while I find it rather amusing that you seem to be blaming the current debt talks for major declines in GDP occurring as far back as January... it's not really a tangent I'd like to explore.
    Actually, I'm blaming the entire political climate since the mid term elections for the damage to consumer and lender confidence. Whether you want to explore it or not, it is the main culprit.

    Wow! Now, that's just astonishing! Sounds like their economy is cracking like a whip. I can picture them all dancing in the streets, with ipods in hand and a fresh pair of nike's underfoot.

    Now, how exactly do we calculate 10.9% of "diddly"?
    The fact is that it is growth that comes from banks lending and consumers spending. And that comes from confidence.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by CriticalThought View Post
    You could say the same thing about butterfly wings flapping in Australia, but that is the point. You can't predict what would have happened without it. Of course, it seems you gravitated towards one outcome more than the others, which shows you are responding emotionally and reading only what you want to read, not what I am actually posting.





    We borrowed money for the stimulus, we didn't take it from tax revenues.
    As you stated the stimulus was a total and complete failure and here we are two years AFTER the recession ended and Obama has generated the following results:

    Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or underemployment over 24 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index(7.83 to 12.67).

    Now we can add. .4% GDP and 1.3% GDP growth to that list of liberal successes

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by Conservative View Post
    99% of economists? Sounds like an exaggeration to me. prove it?
    Disprove it.

    Maybe then you folks would actually do some research on the issue outside of partisan bloggers and journalists.
    Quote Originally Posted by Bucky View Post
    The economy will improve under this bill. If a few people die, it will be for the betterament of this country.

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    Re: U.S. GDP Grows Just 1.3%

    Quote Originally Posted by CriticalThought View Post
    Disprove it.

    Maybe then you folks would actually do some research on the issue outside of partisan bloggers and journalists.
    You made the claim of 99% so prove it. The results show even those economists supporting Obama to be wrong as evidenced by the GDP growth numbers and the Obama results yet you want to continue to buy their rhetoric?

    Obama record, 15.1 million officially unemployed TODAY 2 1/2 years later, 16.2% total unemployment or underemployment over 24 million TODAY, 4 trillion added to the debt as of the end of fiscal year 2011, and a rising misery index(7.83 to 12.67).

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