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

  1. #121
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    Good point. At least some local gov't is still allowed. If the liberals in charge of federal income redistribution had their way, that too would vanish. It seems that the new gov't paradigm is - if it works then tax it, if not then subsidize it.
    “Local government” by itself is not so much the problem as it is local funding. Education funding in this state (Texas) could use some serious reform by way of switching to a fully State funded system. The problem with so much of the school budgets built around local property tax is that not all property is equal, in value or in the number of students living in it that are expected to be supported by it. The ISD level is too granular to even that out. EDIT: State level is enough to even it out pretty well, no need to take the bulk to the Federal level.

    That move would also make other reforms easier to expand on such as semi-private schools and such, although we do have some State charter schooling already.

    But the likelihood of seeing it happen soon is sadly pretty low because there is so much interest in keeping up the class walls, so much myth of the current state of affairs being a merit based system.
    Last edited by Dwight; 01-30-13 at 03:14 PM.

  2. #122
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Jetboogieman View Post
    But according to you... people are unemployed because they're lazy and it's their own fault...


    So which one is it?

    Is it Obamas fault?

    Or their own fault?
    Your opinion noted but apparently like all other liberals you know what someone else is thinking

    Of course it is Obama's fault for someone who has no understanding of the basic free enterprise capitalistic economy, never held a private sector job, never had to meet a payroll and believes in social justice really belongs in some other country, maybe yours?

  3. #123
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    Your opinion noted but apparently like all other liberals you know what someone else is thinking

    Of course it is Obama's fault for someone who has no understanding of the basic free enterprise capitalistic economy, never held a private sector job, never had to meet a payroll and believes in social justice really belongs in some other country, maybe yours?
    Our countries economy is doing better, we're on a path to a balanced budget at the Federal Level and I've only ever held private sector jobs.

    And to top it all off we have a welfare system of sorts and universal Healthcare.

    You didn't answer my question though.

    Is it Obamas fault that people are unemployed or is it their own fault?

    you seem to indicate the latter.

  4. #124
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    Re: Economy shrinks for first time in 3 1/2 years

    LOL....Conservative you are too much......from your own link:


    Economists said the drop in gross domestic product wasn't as bleak as it looked. The weakness was mainly the result of one-time factors. Government spending cuts and slower inventory growth,


    You are such a hypocrite. you wanna claim that OBAMA is a huge Government socialist and then post link about how big government spending cuts are primarily responsibile for your "doomsday" claims.

    Which way are you going to want it? Because you can't talk out of both sides of your mouth without people noticing.
    <font size=5><b>Its been several weeks since the Vegas shooting.  Its it still "Too Early" or can we start having the conversation about finally doing something about these mass shootings???​</b></font>

  5. #125
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by jonny5 View Post
    Heres the real problem. The economy has not really grown since 2007. In 2007, GDP was 13.3 trillion. Today its 13.6 trillion ( in constant 2005 dollars). Which means the economy grew by only 2% in 5 years!
    You do realize that there was a massive crash in 2008-2009 right? Your economy shrank 8.9% in the 4th quarter 2008 and 5.4% in the 1st quarter 2009 alone..
    PeteEU

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

    Quote Originally Posted by Dwight View Post
    “Local government” by itself is not so much the problem as it is local funding. Education funding in this state (Texas) could use some serious reform by way of switching to a fully State funded system. The problem with so much of the school budgets built around local property tax is that not all property is equal, in value or in the number of students living in it that are expected to be supported by it. The ISD level is too granular to even that out. EDIT: State level is enough to even it out pretty well, no need to take the bulk to the Federal level.

    That move would also make other reforms easier to expand on such as semi-private schools and such, although we do have some State charter schooling already.

    But the likelihood of seeing it happen soon is sadly pretty low because there is so much interest in keeping up the class walls, so much myth of the current state of affairs being a merit based system.
    To what extent is the state playing Robin Hood desired by your "Libetarian - Left" philosophy? You realize that you are saying that the rich should subsidize the poor. Should this be only for education, or for all "needs", on a statewide basis? Local gov'ts (ISDs) are thus useless, so they should be abolished to save even more tax money, since taxation without representation is a VERY bad idea. If things are funded at the state level then they should also be controlled at the state 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

  7. #127
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Jetboogieman View Post
    Our countries economy is doing better, we're on a path to a balanced budget at the Federal Level and I've only ever held private sector jobs.

    And to top it all off we have a welfare system of sorts and universal Healthcare.

    You didn't answer my question though.

    Is it Obamas fault that people are unemployed or is it their own fault?

    you seem to indicate the latter.
    Your economy may be doing better because you have the United States to protect you and spend very little defending your nation.

    It is Obama's fault for promoting classic liberal socialism. It is a failure everywhere in the world but liberal arrogance never accepts that reality. You give someone two years of unemployment insurance and they will lose their value to the work force.

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

    Quote Originally Posted by disneydude View Post
    LOL....Conservative you are too much......from your own link:


    Economists said the drop in gross domestic product wasn't as bleak as it looked. The weakness was mainly the result of one-time factors. Government spending cuts and slower inventory growth,


    You are such a hypocrite. you wanna claim that OBAMA is a huge Government socialist and then post link about how big government spending cuts are primarily responsibile for your "doomsday" claims.

    Which way are you going to want it? Because you can't talk out of both sides of your mouth without people noticing.
    How many more businesses left California today, Disney? One of these days you are going to realize that liberalism has made a fool out of you. Wonder if I will be around to see it. What big govt. spending cuts occurred in the fourth quarter of 2012? Thanks in advance and please be specific?

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

    Quote Originally Posted by PeteEU View Post
    You do realize that there was a massive crash in 2008-2009 right? Your economy shrank 8.9% in the 4th quarter 2008 and 5.4% in the 1st quarter 2009 alone..
    Do you realize this is 2013 and the economy contracted last quarter? Do you realize that the economy has generated less GDP the last three years in a row than the previous year? What is it going to take to get someone like you to admit that Obama and liberalism are failures?

  10. #130
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by disneydude View Post
    LOL....Conservative you are too much......from your own link:


    Economists said the drop in gross domestic product wasn't as bleak as it looked. The weakness was mainly the result of one-time factors. Government spending cuts and slower inventory growth,


    You are such a hypocrite. you wanna claim that OBAMA is a huge Government socialist and then post link about how big government spending cuts are primarily responsibile for your "doomsday" claims.

    Which way are you going to want it? Because you can't talk out of both sides of your mouth without people noticing.
    Obama has wasted 6 trillion over the last 4 years and the Economy just SHRUNK

    "But the Liberal MSM said ...."

    The Economy just shrunk before the payroll tax increase took effect. You're aware of that right?

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