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

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

Wayno said:
????

I have no idea who or what a "Kush" is, but it appears the bitter part of that definition was right on.......

Sucks for you.

Nor do I understand your "bls" reference.

Is it related to the typical Liberal reference site, "Outtamyazz.com?"

Regardless, I've noticed that most white liberals have "Daddy" issues, and it appears you fit the typical mold, if you happen to be male.

So maybe you actually really do THINK you're a Liberal..........

I've met quite a lot of fascists who support this President who actually think they are, but I actually have some respect for real Liberals............

You appear to be a bit confused.

.
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Conservative said:
Awesome, now how has that affected you and your family? Wall Street doing well, how about main street? Were you this excited when we had record tax revenue and a 14000 Dow in 2007?
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That was indeed exciting! Of course, that was just before we all learned that we were living in a false economy based substantially on home equity that really didn't exist. Once we realized we were living a lie and then had to take the next four years to pay for lie, well, then it wasn't so exciting.
 
Re: Economy shrinks for first time in 3 1/2 years

Whipsnade said:
I figured that if I posted a bunch of nonsense you would feel right at home…after all it was you that made a comment about my lean (Slightly Liberal) in a thread titled “Economy shrinks for first time in 3 1/2 years. “Now if you wanta talk some smack I suggest that you read DP rules before you get your ass in trouble. Have a nice day; get back to me when, on the rare occasion you have a cognizant thought.:peace
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No, you posted a lot of nonsense because you were wrong......

If you can't be honest with the rest of us, at least try being honest with yourself....

As to "cognizant thoughts," obviously since yours were so wrong, I'm questioning if you even HAVE a "rare occasion....."

We'll see.

Have a good night.
 
Re: Economy shrinks for first time in 3 1/2 years

head of joaquin said:
I'm always heartened when I see psychological advice from conservatives on poltical websites. I'm glad Freudianism isn't lost on them and their projections and sublimations. It explains a lot about their economic theories.
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Although I obviously disagree with the sentiment, I actually chuckled at this.

However, I've found in the case of MOST "Progressives," it's PSYCHIATRIC advise they need...........
 
Re: Economy shrinks for first time in 3 1/2 years

head of joaquin said:
Yeah, because everybody knows Americans don't work hard, especially those 3 million 8 year old malingerers on welfare. God, are they ruining the country or what?

Child Recipients of Welfare (AFDC/TANF) | Child Trends Databank
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I really feel your pain as well as understand just how progressives have very poor street smarts. Get your head out of the books and actually get out in the real world. Progressives and liberals believe they are smarter than they really are when the reality is they are basically arrogant believing they can do what previous progressives and liberals have failed to do. It really is a shame that we have people like you who believe in spending in the name of compassion yet never getting actual compassionate results just more dependence and a bigger central govt. Neither of which has ever been successful anywhere in the world.
 
Re: Economy shrinks for first time in 3 1/2 years

Wayno said:
Although I obviously disagree with the sentiment, I actually chuckled at this.

However, I've found in the case of MOST "Progressives," it's PSYCHIATRIC advise they need...........
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And the projection and sublimation begins!

You've convinced me of what I often maintain: conservatism is less a political philosophy as it is a psychological fetish.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
I really feel your pain as well as understand just how progressives have very poor street smarts. Get your head out of the books and actually get out in the real world. Progressives and liberals believe they are smarter than they really are when the reality is they are basically arrogant believing they can do what previous progressives and liberals have failed to do. It really is a shame that we have people like you who believe in spending in the name of compassion yet never getting actual compassionate results just more dependence and a bigger central govt. Neither of which has ever been successful anywhere in the world.
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Whoosh! Right over your head.

How many people are on "welfare" and what is their average age? Come on, I know you can say it!
 
Re: Economy shrinks for first time in 3 1/2 years

upsideguy said:
That was indeed exciting! Of course, that was just before we all learned that we were living in a false economy based substantially on home equity that really didn't exist. Once we realized we were living a lie and then had to take the next four years to pay for lie, well, then it wasn't so exciting.
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Right just like right now when nothing is as it appears because people like you ignore reality and actual results. Wall Street is doing quite well but Main Street is suffering unless you believe high unemployment, high debt, and low economic growth is a true liberal success story and the new normal.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Right just like right now when nothing is as it appears because people like you ignore reality and actual results. Wall Street is doing quite well but Main Street is suffering unless you believe high unemployment, high debt, and low economic growth is a true liberal success story and the new normal.
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And the conservative "solution"? -- more tax cuts for the wealthy and deregulate Wall Street even more.

If a volcano erupted in New York City, conservatives would call on tax cuts as the answer.
 
Re: Economy shrinks for first time in 3 1/2 years

head of joaquin said:
And the conservative "solution"? -- more tax cuts for the wealthy and deregulate Wall Street even more.

If a volcano erupted in New York City, conservatives would call on tax cuts as the answer.
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LOL, more tax cuts for people who pay taxes but then again you have no idea how our economy works.
 
Re: Economy shrinks for first time in 3 1/2 years

Wayno said:
No, you posted a lot of nonsense because you were wrong......

If you can't be honest with the rest of us, at least try being honest with yourself....

As to "cognizant thoughts," obviously since yours were so wrong, I'm questioning if you even HAVE a "rare occasion....."

We'll see.

Have a good night.
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What was wrong about?:2wave:
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Every metric, economic growth, personal income, job creation, misery index
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Nope, The recent recession wrought far more damage in terms of peak to trough job losses, growth and personal income. This is a well known fact to curious Google users.
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
Nope, The recent recession wrought far more damage in terms of peak to trough job losses, growth and personal income. This is a well known fact to curious Google users.
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Since you weren't around in the 81-82 recession you are relying on what you are being told and not what actually happened. Try living under high inflation, high interest rates leading to a misery index approaching 30, and 10.8% unemployment? Try paying 17.5% for a home mortgage, well over 20% for commercial interest, having the banks foreclose on millions of homes, trying to get a U-Haul to move.

I can see you have been brainwashed by the rhetoric of the present while ignoring the reality of the past
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Since you weren't around in the 81-82 recession you are relying on what you are being told and not what actually happened. Try living under high inflation, high interest rates leading to a misery index approaching 30, and 10.8% unemployment? Try paying 17.5% for a home mortgage, well over 20% for commercial interest, having the banks foreclose on millions of homes, trying to get a U-Haul to move.

I can see you have been brainwashed by the rhetoric of the present while ignoring the reality of the past
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Well written Conservative. Spot on.

Variable interest rate mortgages, reverse amortization, etc., all had their genesis in the period as the economy struggled to operate under burden you listed.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Since you weren't around in the 81-82 recession you are relying on what you are being told and not what actually happened.

Try living under high inflation, high interest rates leading to a misery index approaching 30, and 10.8% unemployment? Try paying 17.5% for a home mortgage, well over 20% for commercial interest, having the banks foreclose on millions of homes, trying to get a U-Haul to move.

I can see you have been brainwashed by the rhetoric of the present while ignoring the reality of the past
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What actually occurred is well documented, and trumps any anecdotal experience you may have had.

Interest rates were raised due to inflation, but I digress. The combination of the two simply didn't have the devastating effect on the finances of the individual that this latest bout wrought. Well documented and easily verifiable. (Also, the so called misery index didn't sniff 30 at any point during said time period or any time period for that matter.)

I'll continue to deal in empirical terms, while some insist on continuing to prop up personal recollections as if significant on a broad scale.
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
What actually occurred is well documented, and trumps any anecdotal experience you may have had.

Interest rates were raised due to inflation, but I digress. The combination of the two simply didn't have the devastating effect on the finances of the individual that this latest bout wrought. Well documented and easily verifiable. (Also, the so called misery index didn't sniff 30 at any point during said time period or any time period for that matter.)

I'll continue to deal in empirical terms, while some insist on continuing to prop up personal recollections as if significant on a broad scale.
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What actually occurred was actually experienced, something you will never understand. How did the current recession with record low interest rates affect you and your family? Every American was affected by the 81-82 recession.
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
What actually occurred is well documented, and trumps any anecdotal experience you may have had.

Interest rates were raised due to inflation, but I digress. The combination of the two simply didn't have the devastating effect on the finances of the individual that this latest bout wrought. Well documented and easily verifiable. (Also, the so called misery index didn't sniff 30 at any point during said time period or any time period for that matter.)

I'll continue to deal in empirical terms, while some insist on continuing to prop up personal recollections as if significant on a broad scale.
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Suggest you do better research vs. believing what you are told. What is it about liberalism that creates this kind of loyalty?
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
What actually occurred was actually experienced, something you will never understand.

How did the current recession with record low interest rates affect you and your family?

Every American was affected by the 81-82 recession.
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LOL! You were alive in the 80's? How mysterious and perplexing! It's not the whole "I was there" concept that I disregard, it's the "I was alive, it sucked, and that overrides empirical evidence on a macro scale that demonstrates it wasn't quite as far reaching as claimed" part.

Gee, certain members of my family's home values fell through the floor, and subsequently lost a great deal of wealth stored away for retirement. Others lost their jobs alltogether and have been working multiple part time positions in order to stay above water. They've been clawing back ever since, but the effects were and remain tangible.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
What actually occurred was actually experienced, something you will never understand. How did the current recession with record low interest rates affect you and your family? Every American was affected by the 81-82 recession.
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I was around for the 81-82 recession. Affecting every citizen, yes but to the degree of misery? Hardly. Short and sharp, way before the financial system had gutted itself for that last dollar. The S&L crisis was minor compared to the meltdown this time. Our loan wasn't that affected by the crazy 'fix' Volker used, we had a CAP on the rate of change.

Now this very slight retraction is not unexpected. No one really think it will be a smooth ride out of the biggest mess since 1929.

The 'conservative' whine over this reminds me of the nervous flyers I ride with alot. First bit of turbulence and they scream-"We're going DOWN!"

Steady in the ranks, now is not the time to run away.
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
LOL! You were alive in the 80's? How mysterious and perplexing! It's not the whole "I was there" concept that I disregard, it's the "I was alive, it sucked, and that overrides empirical evidence on a macro scale that demonstrates it wasn't quite as far reaching as claimed" part.

Gee, certain members of my family's home values fell through the floor, and subsequently lost a great deal of wealth stored away for retirement. Others lost their jobs alltogether and have been working multiple part time positions in order to stay above water. They've been clawing back ever since, but the effects were and remain tangible.
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lost a great deal of wealth? Did they sell their homes at a loss? Job losses were worse in 81-82 as BLS shows and thanks to Obama they have to work a couple jobs to survive. Why was the recovery quicker during the 80's? What economic policy has Obama generated to stimulate the recovery? Why is this the worst recovery in U.S. History?

What I will never understand is how people like you who didn't work during the 81-82 recession can claim this recession was worst. That so called emperical evidence you claim doesn't support your position at all, nor do those of us who lived and worked during that period of time.

Barack Obama lack of leadership skills and understanding of our economy mirrors yours. The role of the govt is viewed differently now vs. 81-82 as we have become the entitlement state vs. one of personal responsibility.
 
Re: Economy shrinks for first time in 3 1/2 years

notquiteright said:
I was around for the 81-82 recession. Affecting every citizen, yes but to the degree of misery? Hardly. Short and sharp, way before the financial system had gutted itself for that last dollar. The S&L crisis was minor compared to the meltdown this time. Our loan wasn't that affected by the crazy 'fix' Volker used, we had a CAP on the rate of change.

Now this very slight retraction is not unexpected. No one really think it will be a smooth ride out of the biggest mess since 1929.

The 'conservative' whine over this reminds me of the nervous flyers I ride with alot. First bit of turbulence and they scream-"We're going DOWN!"

Steady in the ranks, now is not the time to run away.
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Aw, yes, short memory, high interest rates, high unemployment, negative economic growth all higher than the 08-09 recession say you are wrong. Keep reading those books and ignoring reality.

The movement of this country to the entitlement state and massive central govt. says it all. That didn't happen in 81-82.

That so called conservative whine you and others claim about is nothing more than rhetoric. Historical data plays no place in your world as feelings trump reality and negative pro growth economic policy rhetoric trumps the foundation upon which this country was built.
 
Re: Economy shrinks for first time in 3 1/2 years

Whipsnade said:
Where would that research be?
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Google Misery index by month and get the data. Use bls.gov, bea.gov, U.S. Treasury and U.S. Census data
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Since you weren't around in the 81-82 recession you are relying on what you are being told and not what actually happened. Try living under high inflation, high interest rates leading to a misery index approaching 30, and 10.8% unemployment? Try paying 17.5% for a home mortgage, well over 20% for commercial interest, having the banks foreclose on millions of homes, trying to get a U-Haul to move.

I can see you have been brainwashed by the rhetoric of the present while ignoring the reality of the past
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Do you realize that began during the Ford administration? We bought our house in 1975 and got a 5% rebate from President Ford and it was because of the economy.Ford was a Republican. ;)
 
Re: Economy shrinks for first time in 3 1/2 years

pbrauer said:
Do you realize that began during the Ford administration? We bought our house in 1975 and got a 5% rebate from President Ford and it was because of the economy.Ford was a Republican. ;)
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right, Ford was President from 1976-1980? Was Ford President in 1980 when we were in recession? Was Reagan? Love your map, Obama did a great job generating all that red
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Suggest you do better research vs. believing what you are told.
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Better research in what facet? Any figures I've presented you'd like to take a swipe at?
 
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