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

  1. #251
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by OpportunityCost View Post
    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.
    Yup, I don't see how this will get better. As people and businesses realize just how bad Obama-Care is and Corporations scale back, cut hours and lay-off and our debt climbs even higher because massive deficit spending is Obama's only "solution" we'll see libs come here and cherry pick data to dress that pig up.

    It's all BS. What's interesting is this mass acute delusional "event" that we're witnessing. Liberals will not walk back their ideology, nor will they admit just how stupid it was to elect, TWICE the least qualified candidate running.

    The Country will go bankrupt as interest on bonds climb and we're no longer able to service our debt and they'll blame "capitalism" or "Bush" and completely ignore the last 5, 6, 8 years of incompetence. Just like they ignore bad job numbers, bad GDP numbers, bad Holiday numbers.

    It's a great subject for a future doctorate thesis in a year or two.
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    Re: Economy shrinks for first time in 3 1/2 years

    Let me cherry pick another thing, hurricane sandy.

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

    Quote Originally Posted by drz-400 View Post
    Last GDP report (Q3), the advanced number was 2%, which was later revised to 3.1%.
    But it was BS from the get go.

    A GDP number inflated by massive Govt spending and little else. Remove Fed spending with borrowed money and it's actually around 1.6%.

    Cmon, your going to post that number without itemizing it as solid proof our economy grew in the third quarter?

    Remember, you'll know a liberal is lying, when their mouth is moving.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by drz-400 View Post
    Let me cherry pick another thing, hurricane sandy.
    LOL !!!!

    Obama hate'n on Italian people. Honestly, Hurricane Sandy ?

    Is that supposed to convince me that a storm, a Hurricane that regularly hits the South East portions of the US is to blame for a flat, no shrinking economy ? Wow that's desperate.

    Hurricane's in the South actually cause an uptick in economic activity due to all of the construction needed to repair the damage left behind.

    Why did the Jersey Shore getting washed out cripple the entire US economy ?

    See what I'm saying. Mass delusional event. It's happening right before us as one liberal after another tries to, unsuccessfully mitigate the damage of a incompetent President.

    I mean cmon, if Obama can't twist the numbers to show two consecutive quarters of plus 3% growth then you guys are screwed.
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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.

    When the money in this economy finally "gains velocity," i.e. banks start loaning again, there's going to be massive inflation.

    When that happens, the Fed will be forced to raise the unnatural interest rates we currently have to try and reign it in......

    And the economy will go right back in the crapper.

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

    Quote Originally Posted by Fenton View Post
    But it was BS from the get go.

    A GDP number inflated by massive Govt spending and little else. Remove Fed spending with borrowed money and it's actually around 1.6%.

    Cmon, your going to post that number without itemizing it as solid proof our economy grew in the third quarter?

    Remember, you'll know a liberal is lying, when their mouth is moving.
    Well lets take government spending out of this most recent one too. It shows we grew by 1.23%. ****, even better, lets just lick our finger and hold it in the air to get a 'feel' for what we think the economy is doing. I'll let you mull it over, i got work in the morning.

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

    Quote Originally Posted by drz-400 View Post
    Well lets take government spending out of this most recent one too. It shows we grew by 1.23%. ****, even better, lets just lick our finger and hold it in the air to get a 'feel' for what we think the economy is doing. I'll let you mull it over, i got work in the morning.
    So you agree with Peebo that massive defecit spending will cause our economy to grow ? And that massive Fed spending with borrowed money is the only solution to a shrinking economy ?

    ......massive acute delusional event.

    Where do you work ? ACORN ?

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

    Quote Originally Posted by Fenton View Post
    But it was BS from the get go.

    A GDP number inflated by massive Govt spending and little else. Remove Fed spending with borrowed money and it's actually around 1.6%.

    Cmon, your going to post that number without itemizing it as solid proof our economy grew in the third quarter?

    Remember, you'll know a liberal is lying, when their mouth is moving.


    Wanna try a new angle?
    Last edited by poweRob; 02-01-13 at 01:04 AM.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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

    Quote Originally Posted by Juiposa View Post
    Well yes, cutting federal spending will most certainly help cause a recession.

    What do you mean by me taking personal responsibility? I live in a country were our budget is not far off from being balanced.

    As a socialist I believe in none of these horse**** stereotypes you've listed. A balanced budget is needed in any gov't, socialist or free market.

    The 7 or 8% unemployment is not that high, honestly. Underemployment should be a bigger issue.
    What?

    This isn't a dictated economy (although Obama and the idiots he employs are trying) the government doesn't control the value of the dollar the consumer does. The private sector is our economy - all Obama is doing is neglecting that fact. Obama's neglect for the private sector created a recession.

    Obama's vision of the US is nothing more than 100% government dependence. We all work for the government or work for an entity that pays 99% of their income to the government - that's what he wants.

    Why the hell should the private sector partake in such nonsense?

    What incentive do I have to start a business? what, so I can take home about as much or even less than an employee at Burger King while working 70 hours a week?

    I'll bet some small business owners take home less than their employees do, and are in debt up to their eyeballs. Meanwhile people like you ignorant to that fact think they should "pay their fair share" just because on paper they're worth X amount.

    One of these days I pray you get robbed by someone, maybe then "redistribution" will mean something to you.

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

    Quote Originally Posted by poweRob View Post
    The debt and budget numbers tell the true story, more debt than any other President in History done in just his first term, no budget for three years, and 3.8 trillion dollars in spending. An Obama supporter is getting exactly what they want, massive central govt, high unemployment, greater dependence, and massive debt. Congratulations, cannot wait to see how you pay for it.

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