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

  1. #361
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    lost a great deal of wealth? Did they sell their homes at a loss?

    Job losses were worse in 81-82 as BLS shows and thanks to Obama they have to work a couple jobs to survive.

    Why was the recovery quicker during the 80's?

    What I will never understand is how people like you who didn't work during the 81-82 recession can claim this recession was worst.
    Nope, but housing prices haven't so much as sniffed a full recuperation of the losses sustained. Financial investments also took a bludgeoning.

    BLS data shows no such thing. Here's a quickie side by side of peak to trough losses. You're simply in the wrong here.





    The average individual's finances weren't blown to bits. Simple as that.

    The data plainly supports it. Those who know their behind from a hole in the ground recognize this immediately. Maybe you're just not one of those people?

  2. #362
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by notquiteright View Post
    Actually your constant whine about books vs 'street smarts' is passe. I was everywhere from jungle to street for most my adult life. I didn't read about it, I lived it. THIS recession is far deeper with a much bigger trigger than the 80's one.

    What happened is the nation went from a creditor state to a debtor state back in the 80's. The GOP spend our grandkids future for quick infusions of money to 'trickle down' on the Middle Class.

    We now reap the whirlwind sown back in the 'good ol' days'.
    About 80 people went to jail for the S & L scandal back in the eighties........

    If this recession is so much worse, how come NOBODY has gone to jail for it?

    Oh, that's right.

    Many of the people responsible bought the White House for this President.

    Regardless, Obama has given us the WORST and SLOWEST recovery from a recession in American history...

    Regardless of HOW MUCH the media trumpets the inevitable return of the economy as some kind of "Obama miracle," he's already earned a big "FAIL."

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

    BTW, when is John Corzine, former Democrat governor of New Jersey going to pay for the trillion or so he ripped off from the American people?

    Oh, that's right.

    With every level of this President's administration looking like a Who's Who at Goldman Sachs, I'll put my money on never.

  4. #364
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    No, understand that, thus the statement google misery indext by month.
    Oh, in that case here goes:



    Quote Originally Posted by Conservative View Post
    high interest rates leading to a misery index approaching 30
    Hmmm

  5. #365
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    Right, too bad people are so poorly informed including you
    Poorly informed? I don't watch FoxNews. BTW, Obama won by over 5 million votes, aren't you proud of him? Hillary will win in 2016.


  6. #366
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Conservative View Post
    LOL, yeah, right, how did this recession hurt you and your family? Obviously you need a big central govt. to protect you from poor personal choices

    the debt in the 80's was 1.7 trillion in 8 years, Obama has run up almost 6 trillion in four.
    I love the way 'conservatives' play off their reckless spending as minor and then claim the Dem is arbitrarily running up the debt.

    The increase in spending now is due to the massive collapse of our economy. not due to war, disease or in the 80's case, a deliberate decision to borrow money claiming it will 'trickle down'. This collapse was caused by reckless private sector speculation with little government interference- love it when 'conservatives' cry about Big Gubmint yet our collapses are from a lack of government.

    But once again you just spray and pray, I am not some book worm so that slur is useless, now the 'depends' on government because of poor personal choices...

    In 1986 my wife and I had $3500 in the bank. Today 20 times that in the bank, and that isn't our stocks and bonds but cash money as the guys at the COOP say. Our net worth is conservatively 100Xs that.

    Land and cattle dude, a ranch from literally nothing.

    So stifle the talk radio slurs, attacking me and my life doesn't bolster your argument, it shows your ignorance. Well better shows it...

  7. #367
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by a351 View Post
    Nope, but housing prices haven't so much as sniffed a full recuperation of the losses sustained. Financial investments also took a bludgeoning.

    BLS data shows no such thing. Here's a quickie side by side of peak to trough losses. You're simply in the wrong here.





    The average individual's finances weren't blown to bits. Simple as that.

    The data plainly supports it. Those who know their behind from a hole in the ground recognize this immediately. Maybe you're just not one of those people?
    Have you ever been in a leadership position? What leadership has Obama showed that has improved the economy? There is the basic difference between Obama and Reagan. Reagan understood and practiced great leadership skills implementing a pro growth economic policy. Compare that to Obama and you will understand why this is the worst recovery in history.

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

    Quote Originally Posted by Fenton View Post
    Isn't Texas great. Born and raised in this great State.

    If a shrinking economy is a "recovery" then what do we call whats happening in Texas right now ?

    Improvment minus the liberal lies.
    Texas is alright, especially if you are in the corporate world. If you are a worker, not so much.

    BTW, the main thing wrong with Texas is too many conservatives. But don't worry, after new immigration laws are passed, we will be mostly Mexican, so good bye GOP!

  9. #369
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Texmex View Post
    Texas is alright, especially if you are in the corporate world. If you are a worker, not so much.

    BTW, the main thing wrong with Texas is too many conservatives. But don't worry, after new immigration laws are passed, we will be mostly Mexican, so good bye GOP!
    Exactly, what we need is liberal misery spread equally to everyone in TX just like the misery you experience daily.

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

    Quote Originally Posted by notquiteright View Post
    I love the way 'conservatives' play off their reckless spending as minor and then claim the Dem is arbitrarily running up the debt.

    The increase in spending now is due to the massive collapse of our economy. not due to war, disease or in the 80's case, a deliberate decision to borrow money claiming it will 'trickle down'. This collapse was caused by reckless private sector speculation with little government interference- love it when 'conservatives' cry about Big Gubmint yet our collapses are from a lack of government.

    But once again you just spray and pray, I am not some book worm so that slur is useless, now the 'depends' on government because of poor personal choices...

    In 1986 my wife and I had $3500 in the bank. Today 20 times that in the bank, and that isn't our stocks and bonds but cash money as the guys at the COOP say. Our net worth is conservatively 100Xs that.

    Land and cattle dude, a ranch from literally nothing.

    So stifle the talk radio slurs, attacking me and my life doesn't bolster your argument, it shows your ignorance. Well better shows it...
    Just another subject you know nothing about. Go to the Budget of the United States and see what makes up the 3.8 trillion dollar annual spending

    Govt spending now is similar to govt spending in the past only much more, it has to be paid for by taxes which takes money out of the people's pockets.

    Great job in accumulating wealth, what democrat policies helped you create that growth and are you paying your fair share in taxes as Obama demands?

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