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

  1. #201
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Bronson View Post
    Government spending did not decrease last quarter. Read the entire thread please. Thank you

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

    Quote Originally Posted by Juiposa View Post
    Cutting spending OR raising taxes will cause recession, especially with the $1 trillion you guys need to balance. A minor recession is enevitable when balancing a deficit so large.
    Neither of them have gone into effect yet.

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

    Quote Originally Posted by jonny5 View Post
    And govt spending propping up the economy is hardly a good thing. The money they spend has to be taken OUT of the economy in the first place, or borrowed which casues inflation.
    It is better than recession. That's what the Europeans found out. Besides the wealthy don't spend more than a few % of their incomes so their money is put back in the economy instead of hedge funds when Govt. spends it.


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

    Quote Originally Posted by iguanaman View Post
    It is better than recession. That's what the Europeans found out. Besides the wealthy don't spend more than a few % of their incomes so their money is put back in the economy instead of hedge funds when Govt. spends it.

    And when they put it in a hedge fund, where does it go?

  5. #205
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by disneydude View Post
    You are in serious serious denial dude. Look at the changing demographics in Texas. Just because you want to deny it...doesn't make it so. Texas will absolutely be in play as a swing state in 2020 and very quite possibly in 2016.
    Wow. I spoke of liberals that didn't know their heads from their asses and, POOF, disneydude appears. Guess I should of taken those warnings about speaking of the Devil more seriously.
    Only a fool measures equality by results and not opportunities.

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

    Quote Originally Posted by jonny5 View Post
    And when they put it in a hedge fund, where does it go?
    It is used to bid up prices on commodities we all use. How does that help create jobs?

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

    Quote Originally Posted by iguanaman View Post
    It is used to bid up prices on commodities we all use. How does that help create jobs?
    No, the correct answer is its invested in companies to help them grow and thus return profits to the investor. That helps create jobs, because it means more employers and more economic activity.

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

    Quote Originally Posted by disneydude View Post
    Misery? Dude.... I live in California. A bad day in California is better than a great day in Texas. Now THAT would be misery. No thanks....you live in the armpit of America...I live in the crown jewel. Enough said.
    It seems there are many who disagree with you. California's Population Is Moving Out, Census Report Shows | NBC Southern California

    With the smart Californians leaving the mismanagement will continue and soon the entire State will be TU. That's inevitable.

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

    Quote Originally Posted by iguanaman View Post
    It is used to bid up prices on commodities we all use. How does that help create jobs?
    Perhaps you are thinking of futures, though your final analysis is still wrong.

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

    Quote Originally Posted by disneydude View Post
    You are in serious serious denial dude. Look at the changing demographics in Texas. Just because you want to deny it...doesn't make it so. Texas will absolutely be in play as a swing state in 2020 and very quite possibly in 2016.
    Why are you wanting to see that happen? Do you want Texas to fail as well?

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