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

  1. #271
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    You think 3.1% GDP growth is a good number?
    Certainly an average figure.

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

    Quote Originally Posted by disneydude View Post
    You just demonstrated...that like so many other things....you know absolutely nothing about California, yet feel the need to pretend that you do. Why don't you stick with the god forsaken stinkhole called Texas and leave paradise to the rest of us.
    So you think creating an environment that has resulted in over 30% of the nations welfare cases residing here in California is a good thing?

    You think creating an environment that has resulted in the loss of over 30% in manufacturing jobs over the last 20 years is a good thing?

    You think creating an economic environment that has seen unemployment ranked among the top of all states in the country over the last 4 years is a good thing?

    Progressives have a very strange standard for what is good, and what paradise looks like......

  3. #273
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by a351 View Post
    Certainly an average figure.
    Check out the Reagan numbers three and four years after the end of a recession similar to the one Obama had? 3.1% is truly average at best and after the very poor economy of 2008-2009 it is a disaster

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

    Quote Originally Posted by Conservative View Post
    Check out the Reagan numbers three and four years after the end of a recession similar to the one Obama had?

    3.1% is truly average at best and after the very poor economy of 2008-2009 it is a disaster
    Reagan's recession was actually quite dissimilar, in terms of both fiscal and monetary effects.

    It's average if you go by modern growth rates. Slightly above when considering the headwinds encountered.

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

    Quote Originally Posted by a351 View Post
    Reagan's recession was actually quite dissimilar, in terms of both fiscal and monetary effects.

    It's average if you go by modern growth rates. Slightly above when considering the headwinds encountered.
    How old were you during the Reagan recession to establish your credibility. You have no idea, do you understand the misery index? Headwinds have been created by this Administration.

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

    Quote Originally Posted by Conservative View Post
    How old were you during the Reagan recession to establish your credibility. You have no idea, do you understand the misery index?

    Headwinds have been created by this Administration.
    My age isn't pertinent. The fiscal and monetary cause and effects of the Reagan recession were dissimilar to those of the most recent recession. Simple as that.

    I was actually referring to the sharp decrease in exports, a trend that gained even more steam in the Q4 figures.

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

    Quote Originally Posted by Conservative View Post
    How old were you during the Reagan recession to establish your credibility. You have no idea, do you understand the misery index? Headwinds have been created by this Administration.
    How is this a valid response in regards to his comment? There was never even an instance of net-wealth lost during the early 1980's recession. However, from 2007-2009, the U.S. witnessed a wealth decline in the tune of 100% of GDP. There really is no comparison. The only other economic down turn which had a magnitude equal than or greater to the current occurred in the 1930's.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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

    Quote Originally Posted by a351 View Post
    My age isn't pertinent. The fiscal and monetary cause and effects of the Reagan recession were dissimilar to those of the most recent recession. Simple as that.

    I was actually referring to the sharp decrease in exports, a trend that gained even more steam in the Q4 figures.
    No, sorry, but your age is extremely relevant. I lived and worked during both and unless you did you have no idea what the 81-82 recession was like you truly have no idea what you are talking about. Too many people are book smart and street stupid, not say that is you. Try paying 17+% interest on a home mortgage vs. record low now?

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

    Quote Originally Posted by Kushinator View Post
    How is this a valid response in regards to his comment? There was never even an instance of net-wealth lost during the early 1980's recession. However, from 2007-2009, the U.S. witnessed a wealth decline in the tune of 100% of GDP. There really is no comparison. The only other economic down turn which had a magnitude equal than or greater to the current occurred in the 1930's.
    The only decline in wealth was for those who sold. Apparently you have no idea either what the 81-82 recession was like at all.

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

    Quote Originally Posted by Conservative View Post
    The only decline in wealth was for those who sold. Apparently you have no idea either what the 81-82 recession was like at all.
    There was a very real decline in wealth that has yet to be recovered.



    Yet it did not occur at all during what you call "the worst recession".

    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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