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Economy in U.S. Grows at 1.5% Rate

sawyerloggingon

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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
 
We have to give Obama a second term so that he can maybe eventually have his first recovery summer. :roll:
 
You guys just have no idea how bad it could have been without Obama. Like, really bad.
 
Another thing is, obama has been out campaigning on how his plan has worked. That was weird enough with 2% growth but this new number is really making his stance a joke. The man is seriously delusional.
 
You guys just have no idea how bad it could have been without Obama. Like, really bad.

No one has any idea how "bad" it would be without Obama. All we know now is the current state, which shows that Obama is not doing well.
 
He's not delusional. He knows full well how much of a failure he has been. That is why he uses such bull**** as "it would have been worse". The mental midgets he is preaching to believe it.
 
No one has any idea how "bad" it would be without Obama. All we know now is the current state, which shows that Obama is not doing well.

I know that. You know that. Obama knows that.

The 99%? They are gullible.
 
What amazes me is that the guy according to the polls, is still in it... I guess we can thank the "hope & change" media for that.
 
...and Keynesian economics!

As in, Republicans' failure to follow Keynesian economics when the economy was booming. Agreed.
 
It's always somebody else's fault. The fact is if obama was a real leader he would be leading the world out of economic chaos not following the world into it.

To be a leader, one actually needs to have people willing to follow. Congress's head is stuck so far up its own ass that the President couldn't do anything substantial if he wanted to.
 
To be a leader, one actually needs to have people willing to follow. Congress's head is stuck so far up its own ass that the President couldn't do anything substantial if he wanted to.

Obama had 2 years of democrat control in both houses of congress. He got his $800 billion stimulus which he promised would fix things and it failed. He did not instill confidence in the private sector, nor with the American public as a whole.

I realize he didn't create the mess, but as president, it was his responsibility to fix it... Blaming others won't make the results any different.
 
As in, Republicans' failure to follow Keynesian economics when the economy was booming. Agreed.
What would Keynesian economics say we should be doing now that we are not in recession and actually 3 years into recovery?
 
I think that Obama's best re-election campaign bid would be to encourage people to get drunk and go to the polls to vote. Hell, he could even send everyone a free bottle of 151 rum, so that his base gets something for free like they always want, and no one bitches that they can't afford the booze to get drunk before they head to the polls.
 
Obama had 2 years of democrat control in both houses of congress. He got his $800 billion stimulus which he promised would fix things and it failed. He did not instill confidence in the private sector, nor with the American public as a whole.

I realize he didn't create the mess, but as president, it was his responsibility to fix it... Blaming others won't make the results any different.

Doesn't take away from the fact that his freedom of action is rather limited. At the end of the day he can't do what he can't do, whether or not he's willing to do it.
 
If Obama gets re-elected, at least he can continue his mantra of inheriting the worst economy ever.
 
Doesn't take away from the fact that his freedom of action is rather limited. At the end of the day he can't do what he can't do, whether or not he's willing to do it.
The only thing the guy has proposed in the last two years is tax increases on the rich and more stimulus (payoffs to union road crews and teachers unions). Neither is going to do anything but harm the economy, so it is good that he hasnt gotten what he wanted.
 
If Obama gets re-elected, at least he can continue his mantra of inheriting the worst economy ever.
In a way I hope he does get re-elected so that he can be in office when the crapstorm he has created hits the fan. He has shown no interest in tackling the major issues confronting the nation, and the next president will have to. As bad as his first 4 years have been, another 4 would be worse.
 
To be a leader, one actually needs to have people willing to follow.

Well ... no. A leader is one who can inspire people and convince them to follow him. Obama's got no inspiration and no credibility.

It also helps if the leader can promote a policy that might actually work.
 
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