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

  1. #131
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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..
    Yes, thats the point. While it looks like the economy has been growing since then, inflation shows a different story. The BEA reports these numbers in real dollars. But the massive borrowing being done has devalued those dollars.

  2. #132
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Bronson View Post
    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?
    Come on. Everyone is to blame. Obama cant spend money without congress approving it.

  3. #133
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    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?
    More deflect and shuffle. Why do expect anymore more from you?

    By the way.....if you have been following the news...it looks as if your "Doomsday" predictions about California are also wrong. SHOCK....
    <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>

  4. #134
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by ttwtt78640 View Post
    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.
    We are all born unemployed. I am no Ayn Rand nut job that pretends that kids do not exist (just try to find them in Atlas Shrugged), or just outright despises them because they are such a drain on the ‘productive’ people. Nor do I descend into anarchist law-of-the-jungle fantasy and imagine that that is the only true measure of freedom and liberty.

    This is a matter of practical administration.
    Should this be only for education, or for all “needs”, on a statewide basis?
    I do not understand how my post could be construed for the later or are you trying to make some sort of BS ‘slippery slope’ argument?
    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.
    Exactly how do you reason that ISDs are useless? Further, how exactly is the State taxing State residents taxation without representation? Oh sure there can be property tax on non-residents but that is no different than the current state of affairs…except it would occur even less often [by definition] since a Texas resident voting at the State level may not live within the ISD that they hold a particular piece of property in.
    If things are funded at the state level then they should also be controlled at the state level.
    ISDs are already overseen by the State. There are a number of stipulations and requirements placed on them, and the State has the power to step in and dissolve an ISD.

    EDIT: Not that I have unshakable confidence in Austin on the education front, incidentally.
    Last edited by Dwight; 01-30-13 at 03:45 PM.

  5. #135
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by jonny5 View Post
    Come on. Everyone is to blame. Obama cant spend money without congress approving it.
    I don't support the GOP Establishment

    Every time Republicans have even put spending cuts on the table however what's happened?

  6. #136
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    I am living proof that is an exaggeration which you seem to offer a lot of.
    No you aren't. What exactly do you think I said?


    What is your excuse for not being part of the elite that you seem to be jealous of?
    Where did you get this paranoid jealousy idea from?

    And I would argue that I am part of the "elite" in many ways, at least every way that I feel really matters.





    How about addressing the issue?
    What issue has not been addressed?





    Since we are China's biggest trading partner, yes, it helps people here.
    We're not their trading partner, we're their trading bitch as in they trade us a lot of crap and we give them a lot of money.






    Apparently just following your lead
    When did I make up a bunch of nonsense and attribute it to you?
    Last edited by Tucker Case; 01-30-13 at 03:56 PM.
    Tucker Case - Tard magnet.

  7. #137
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Dwight View Post
    We are all born unemployed. I am no Ayn Rand nut job that pretends that kids do not exist (just try to find them in Atlas Shrugged), or just outright despises them because they are such a drain on the ‘productive’ people. Nor do I descend into anarchist law-of-the-jungle fantasy and imagine that that is the only true measure of freedom and liberty.

    This is a matter of practical administration.

    I do not understand how my post could be construed for the later or are you trying to make some sort of BS ‘slippery slope’ argument?

    Exactly how do you reason that ISDs are useless? Further, how exactly is the State taxing State residents taxation without representation? Oh sure there can be property tax on non-residents but that is no different than the current state of affairs…except it would occur even less often [by definition] since a Texas resident voting at the State level may not live within the ISD that they hold a particular piece of property in.

    ISDs are already overseen by the State. There are a number of stipulations and requirements placed on them, and the State has the power to step in and dissolve an ISD.
    My point is that many ISDs in Texas use lots of funding for sports, specifically football, and then complain that no money for "essentials" remains. They have coaches and coaches assistants and coaches aides, yet cannot seem to afford enough "quality" teachers. If the Podunk ISD wants money from the Austin ISD's tax base then let the Austin ISD help run the show too. That is my point about taxation without representation. Some areas, like San Antonio, go nuts and create 10 ISDs, while Houston has one for most of the city.

    Schools in San Antonio, Texas, Map of school districts - List of Elementary, Middle, and High Schools: Grades, Scores, Classes, Enrollment, Ratings, Teachers, Students

    Independent School District(ISD) Map - Diane Moser Properties, Inc. - Houston School Information
    “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. #138
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    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.
    Of course thats not money hoarding, that's routine, sound, every day business sense for most businesses. When the economy slows down, do you think most people would be wise to:
    1. Increase their spending
    2. Maintain current spending
    3. Cut back on spending

    I think any sensible person goes ahead and cuts back just in case, lets things settle down, before cautiously resuming spending at prior levels (or not!). Same goes for most businesses. That's not the psychological behavior of "money hoarding", that's conservative business practice, that most everyone engages in. And you do realize that for most businesses, payroll + benefits is by far the largest expense. Personally I'm even worse than that. I cut down to living well below means *at all times, good or bad*, that way I don't have to constantly re-adjust. Would you prefer business takes that approach instead? (in general, things like R&D for example may need to be maintained for technology roadmap reasons that are not cyclical...meaning you have one less place to make cuts to!).

    What do you think happens when jobs are more scarce Tucker, that market labor rates should just ignore supply/demand and remain fixed? That sounds like union-insanity. Most of our economic woes would be fixed if a lot of currently illegal jobs and practices were legalized. Not saying we should, but let's not blame market forces for anything other than the absurd increase in quality of life AND Security we've enjoyed over the past 100+ years.

    And another thing, if you're going to make big cutbacks in a business, you can't just do them every week or every month, you want to plan for some months ahead, and cut enough at once to ensure you don't have to make cuts again too soon, for morale, appearances, logistics/cost, etc.

  9. #139
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by disneydude View Post
    More deflect and shuffle. Why do expect anymore more from you?

    By the way.....if you have been following the news...it looks as if your "Doomsday" predictions about California are also wrong. SHOCK....
    And what good news are you looking at from California? Revenue? Unemployement? The Budget?

  10. #140
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by disneydude View Post
    More deflect and shuffle. Why do expect anymore more from you?

    By the way.....if you have been following the news...it looks as if your "Doomsday" predictions about California are also wrong. SHOCK....
    Really? You buy Governor Moonbeam's rhetoric? How many businesses and individuals have fled California in the last year? Your state is an economic disaster whereas TX has a 12 billion dollar excess in tax revenue that the Governor wants to give back to the people. Imagine that, overpaying in taxes and getting a refund? Hmmm, let me know when that happens in California?

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