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

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

    Personally, I think this GDP report is actually showing the US economy is coming back very strongly now. While it showed a -.1% growth, most of this decline was due a decrease in inventories, decrease in government defense spending, and a decrease in exports. The lower inventories show that aggregate demand is stronger than expected. The economy will rebound to rebuild these inventories to adjust for the higher demand. Also, while exports were a drag, the IMF has shown that it expects global demand to grow faster in 2013. The euro zone will be the only drag. Finally defense spending is something that can be ironed out in congress. While I am not too impressed with this congress, I think that they will take the hint from this GDP report and realize that lowering spending too drastically will result in poor economic performance in the short term. This, if anything, will help to spur some good negotiations in DC.

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

    Quote Originally Posted by a351 View Post
    I've provided you with the actual documentation, which reads as posted previously. You're arguing against your own source at this point.

    Federal expenditures contributed .71 percentage points to the third quarter gdp figures, which tallied 3.1% in total. Once again, you're batting a fat .000 here.
    From your "document"........

    Real federal government consumption expenditures and gross investment increased 9.5 percent
    in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased
    12.9 percent, in contrast to a decrease of 0.2 percent. Nondefense increased 3.0 percent, in contrast to a
    decrease of 0.4 percent. Real state and local government consumption expenditures and gross
    investment increased 0.3 percent, in contrast to a decrease of 1.0 percent."

    Also...

    " The acceleration in real GDP in the third quarter primarily reflected upturns in private inventory
    investment and in federal government spending, a downturn in imports, an upturn in state and local
    government spending, and an acceleration in residential fixed investment that were partly offset by a
    downturn in nonresidential fixed investment and a deceleration in exports."

    But hey, you guys are doin' great. Just awesome. Keep up the good work.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by drz-400 View Post
    Personally, I think this GDP report is actually showing the US economy is coming back very strongly now. While it showed a -.1% growth, most of this decline was due a decrease in inventories, decrease in government defense spending, and a decrease in exports. The lower inventories show that aggregate demand is stronger than expected. The economy will rebound to rebuild these inventories to adjust for the higher demand. Also, while exports were a drag, the IMF has shown that it expects global demand to grow faster in 2013. The euro zone will be the only drag. Finally defense spending is something that can be ironed out in congress. While I am not too impressed with this congress, I think that they will take the hint from this GDP report and realize that lowering spending too drastically will result in poor economic performance in the short term. This, if anything, will help to spur some good negotiations in DC.
    Seriously ? It showed a 1% loss BTW. I guarantee you this won't get better and I cant figure out what "increased demand" your referring too. How does Govt spending with borrowed money equal a positive indication in economic growth ?

    You Libs and your attempt to put lipstick on this pig of a economy is akin to a mass delusion. A acute pathological event because none of you apparently have the integrity to walk back any of your destructive positions and ideology when it's more than apparent it's creating misery and joblessness.

    This was the Holiday season too. A miserable Holiday season for consumers, and you think it's going to get better ? What's better to a unrepentant liberal ?
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Fenton View Post
    From your "document"........


    Great work with the copy/paste. Looks like reading comprehension is the next hurdle.

    Quote Originally Posted by Fenton
    It was a massive increase in Federal expenditures, WITH BORROWED MONEY NO LESS, not "private investment"
    Quote Originally Posted by Copy/Paste Paragraph that Fenton posts in order to prove above point
    " The acceleration in real GDP in the third quarter primarily reflected upturns in private inventory
    investment and in federal government spending
    As mentioned previously, if you actually take the precious few minutes to read up on the material you're seemingly so familiar with, you'd see that private investment played a larger role in the Q3 increase than did Federal spending. This is no longer a debatable issue, you're simply in the wrong here. Water is wet. Sky is blue.

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

    Quote Originally Posted by Fenton View Post
    Seriously ? It showed a 1% loss BTW. I guarantee you this won't get better and I cant figure out what "increased demand" your referring too. How does Govt spending with borrowed money equal a positive indication in economic growth ?

    You Libs and your attempt to put lipstick on this pig of a economy is akin to a mass delusion. A acute pathological event because none of you apparently have the integrity to walk back any of your destructive positions and ideology when it's more than apparent it's creating misery and joblessness.

    This was the Holiday season too. A miserable Holiday season for consumers, and you think it's going to get better ? What's better to a unrepentant liberal ?
    I bet next quarter it is 2-3%, if not more. And it was -.1%, I have double and triple checked on the BEA website.

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

    Quote Originally Posted by Fenton View Post
    Seriously ? It showed a 1% loss BTW. I guarantee you this won't get better and I cant figure out what "increased demand" your referring too. How does Govt spending with borrowed money equal a positive indication in economic growth ?

    You Libs and your attempt to put lipstick on this pig of a economy is akin to a mass delusion. A acute pathological event because none of you apparently have the integrity to walk back any of your destructive positions and ideology when it's more than apparent it's creating misery and joblessness.

    This was the Holiday season too. A miserable Holiday season for consumers, and you think it's going to get better ? What's better to a unrepentant liberal ?
    President Obama is responsible for the slowest recovery from a recession in American history.......

    That says it all.....

    Of course, when we finally Do get a stronger recovery, no doubt the media will tell us about how "brilliant" President Poodle Muncher was to "engineer" it.....

    But he's already accomplished the biggest fail in our history.

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

    We are still 5% high on taxes versus GDP at 25%. We arent talking spending decreases---we are talking tax increases on a strained private sector. Its possible for things to get worse, not better.

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

    Keep in mind this is a preliminary number as well. It would not surprise me if it is revised upward by 1% or more at the end of Feb.

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

    Quote Originally Posted by drz-400 View Post
    Keep in mind this is a preliminary number as well. It would not surprise me if it is revised upward by 1% or more at the end of Feb.
    downward is more likely. Nothing in Obama's economy ever gets revised upward, as in things are better off than they thought.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Fenton View Post
    downward is more likely. Nothing in Obama's economy ever gets revised upward, as in things are better off than they thought.
    Last GDP report (Q3), the advanced number was 2%, which was later revised to 3.1%.

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