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Thread: Economy shrinks for first time in 3 1/2 years[W: 395]

  1. #101
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by gavinfielder View Post
    Define "minor".


    Anyone worth their salt saw this coming. Austerity=recession. Maybe somebody in politics might listen this time...nah, probably. not.
    There was no austerity

    Government Spending increased last quarter

    http://www.fms.treas.gov/mts/mts.pdf

  2. #102
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Mach View Post
    No, money hoarding is a real behavior, it's like the hoarders you see on the reality shows, it's a mental switch that gets flipped and their life spins out of control as they continue to focus almost exclusively on adding to their savings.
    Isn't that what effectively happens when we see cuts in worker wages and spending and increases personal and company investment? They are doing it to keep that money for themselves and prevent others from receiving it. It removes the money from the economy, at least temporarily.
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  3. #103
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    Describe your "perfect" world in which nothing has to be paid for.
    What the hell are you talking about? Why can't people respond to what is written instead of the weird **** that spawns from their imaginations?
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  4. #104
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Bronson View Post
    Except there was no reduction in Government Spending last quarter
    Serious question: Do you understand the concept of adjectives?
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  5. #105
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    In this country there are 23 million unemployed/under employed/discouraged workers and that is the new normal here.
    But according to you... people are unemployed because they're lazy and it's their own fault...

    Quote Originally Posted by Conservative View Post
    Hey, invest your own money, buy a business and you can hire all the two year unemployed deadbeats you want. Why aren't you doing that since you are such an expert on private business?

    Quote Originally Posted by Conservative View Post
    If you came to me as an able body and told me you couldn't find a job in 2 years I wouldn't hire you because obviously you had no problem taking a taxpayer check vs. doing any job. I prefer hard working people than someone who can work but chooses to collect an unemployment check
    Quote Originally Posted by Conservative View Post
    As for unemployment, if it takes you two years or even a year to get another job you aren't worth much at all.
    So which one is it?

    Is it Obamas fault?

    Or their own fault?

  6. #106
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    Not that results matter to the Obama cult but further signs that we are on the wrong path and that Obama doesn't have any interest in growing a private sector economy. The new normal today is high unemployment, high debt, massive dependence on the govt, and low economic growth. Congratulations to those of you who believe it is the role of the govt. to provide cradle to grave coverage funded by the rich.

    US economy shrinks 0.1 percent, 1st time in 3 1/2 years | Fox News
    Spot on, but I'd change one word in that... Instead of "rich", I'd say "productive"... because the majority of those pulling the wagon filled with Occupy Wall Street maggots, socialists and the ignorant... aren't rich.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  7. #107
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    What the hell are you talking about? Why can't people respond to what is written instead of the weird **** that spawns from their imaginations?
    I did. You asserted that because things cost money that somehow gives "the rich" some "unfair" advantage. If no advantage was gained by attaining more wealth then why would anyone seek it?

    Currently the system is designed to reward greater production/skill and encourage self improvement; if that is somehow "unfair" then what must be done to change that?

    If a McJob becomes a "carreer" (supplemented with tax money to become a "living wage") that provides "opportunity" and "access" to whatever is "needed" then why bother to work your way up to any other level?
    “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. #108
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by bubbabgone View Post
    And what about the other half?
    That is the portion that is more inline with individual merit. We are not China or Peru…yet.
    There are lots of examples of folks that became a success from nothing ... yes, even these days. Many times despite rumble strips.
    Anecdotal evidence, AKA cherry picking.
    And are you assuming the half you’re talking about haven't the skillsets of the loins they popped out of? And they aren’t employing them?
    Your mom comes in to your job and does your work for you?
    Sounds pretty defeatist.
    Why? In what way? Objective examination and statement of the evidence is “defeatist”?

  9. #109
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    You asserted that because things cost money that somehow gives "the rich" some "unfair" advantage.
    Where the hell did I say that it was unfair? Who gives a **** about fair? I don't. It doesn't matter to me if it's fair or not, it's the reality of the situation. For ****'s sake.
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  10. #110
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    Where the hell did I say that it was unfair? Who gives a **** about fair? I don't. It doesn't matter to me if it's fair or not, it's the reality of the situation. For ****'s sake.
    Don't get your panties in a wad. Of course it is reality, that is what a capitalist meritocracy is all about. You seemed to imply that was a bad thing that needed changing. If I was wrong about that, then EXCUSE me.
    “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

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