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Thread: Economy in U.S. Grows at 1.5% Rate

  1. #41
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Fletch View Post
    Eliminating the top tax cuts would bring in about $70 billion, supposedly. But that is still taking $70 billion of economic activity out of the private economy. That reduces GDP, it does not increase it.
    have the obama apologists ever told us why we should give a wasteful and spendthrift government any more money before it can prove it can make massive massive cuts

  2. #42
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by TurtleDude View Post
    have the obama apologists ever told us why we should give a wasteful and spendthrift government any more money before it can prove it can make massive massive cuts
    No, but that is because they dont oppose a wasteful and spendthrift government. Especially when that government is wasting someone elses money.

  3. #43
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by sawyerloggingon View Post
    I have to wonder if obama is still going to insist on raising taxes in an economy that is declining. The numbers were better than this when he said it would be dumb to raise taxes in times like this. Also this is yet another nail in his reelection bid. Every dark cloud has a silver lining.


    "Gross domestic product, the value of all goods and services produced, rose at a 1.5 percent annual rate after a revised 2 percent gain in the prior quarter, Commerce Department figures showed today in Washington. The median forecast of economists surveyed by Bloomberg News called for a 1.4 percent increase. Household purchases, which account for about 70 percent of the world’s largest economy, grew at the slowest pace in a year."


    Economy in U.S. Grows at 1.5% Rate - Bloomberg

    It was 4.1% in 2011 and it just keeps going down.

    President Obama doesn't, and neither do his "advisors", know what to do. These closistered "professors" all taught how to do the job, but none had ever had to do the job. Thus the failure the country is having to deal with now.

    Time for "change". Time to move "forward" without these nimwits.

    Vote Romney.
    "Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; it's inherent virtue is the equal sharing of misery." Winston Churchill

  4. #44
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Eighty Deuce View Post
    We have to give Obama a second term so that he can maybe eventually have his first recovery summer.
    I don't know if we should trust him to inherit his own economy.
    "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.

  5. #45
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Bronson View Post
    Liberal ideas don't work. They didn't work during the Great Depression.
    One can only wonder why those who deride Roosevelt and claim he prolonged the depression neglect to post a shred of relevant data from said time period.

  6. #46
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by AdamT View Post
    Abject stupidity. Raising revenue reduces deficits, period.
    At this point in time raising revenue does nothing but give politicians more of our money to spend, period. You are naive if you think any new funds coming into the general fund would go to reducing the deficit. Politicians would find some new program to start with it in order to get votes and keep their cushy so called jobs.

  7. #47
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by TurtleDude View Post
    have the obama apologists ever told us why we should give a wasteful and spendthrift government any more money before it can prove it can make massive massive cuts
    It proves, to the Obama base, that Obama will ONLY tax the "evil rich", thus all of the wonderful give away programs for the "middle class", that are now "paid for" by simply borrowing money, are not going to cost anyone anything except for the "evil rich" so long as the demorats are in charge. Yes they can!
    “The reasonable man adapts himself to the world: the unreasonable one persists to adapt the world to himself.
    Therefore all progress depends on the unreasonable man.” ― George Bernard Shaw, Man and Superman

  8. #48
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Billy the Kid View Post
    It was 4.1% in 2011 and it just keeps going down.

    President Obama doesn't, and neither do his "advisors", know what to do. These closistered "professors" all taught how to do the job, but none had ever had to do the job. Thus the failure the country is having to deal with now.

    Time for "change". Time to move "forward" without these nimwits.

    Vote Romney.
    But, but, but...

    “Just like we’ve tried [the Republicans'] plan, we’ve tried our plan, and it worked. That’s the difference.”
    President Obama
    It did? The funny thing is that some here believe that statement.
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  9. #49
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by sawyerloggingon View Post
    At this point in time raising revenue does nothing but give politicians more of our money to spend, period. You are naive if you think any new funds coming into the general fund would go to reducing the deficit. Politicians would find some new program to start with it in order to get votes and keep their cushy so called jobs.
    He knows that, he's on the side that wants more programs.
    "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.

  10. #50
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    Re: Economy in U.S. Grows at 1.5% Rate

    Quote Originally Posted by Billy the Kid View Post
    It was 4.1% in 2011 and it just keeps going down.

    President Obama doesn't, and neither do his "advisors", know what to do. These closistered "professors" all taught how to do the job, but none had ever had to do the job. Thus the failure the country is having to deal with now.

    Time for "change". Time to move "forward" without these nimwits.

    Vote Romney.
    Yep, time to return to the economics of 2001. Time to do it all over again.... cut taxes, start wars, increase "defense" spending and run up the deficits. Yeah, there is a good alternative for ya.

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