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

  1. #61
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by iliveonramen View Post
    Sorry...you must of missed the memo...it's time to change your method of attack on the Occupy Wall Street Crowd. I'll do you a favor...here's the new attack via NY Post
    OWS protestors in NY more affluent - NYPOST.com

    The new attack isn't they need to get a job but they are too close to the 1% they are protesting.
    Sorry, I saw way too many interviews with people who didn't seem to have a clue what exactly they were doing. They might as well just have said "I'm here looking for easy liberal girls to bang"

  2. #62
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Fisher View Post
    They might as well just have said "I'm here looking for easy liberal girls to bang"
    I miss college.
    Tucker Case - Tard magnet.

  3. #63
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    Re: GDP Shows Surprise Drop for U.S. in Fourth Quarter

    SURPRISE!
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

  4. #64
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by KevinKohler View Post
    No. It survives buy engaging moderate reductions in the size of government over a set period of years, WHILE maintaining the same level of tax income. How can this work? By inducing economic growth. How do we induce economic growth in a consumer based economy? By increasing consumption. How do we increase consumption? Put the tools for consumption (money) into the hands of those that consume the most...

    Who is going to consume more, one family of four with 10 million bucks, or or 10 families of four with 1 million each? The answer is obvious. So, how do we make that happen? How do we make it so that more families have more disposable income? Give government mandated raises? Hasn't worked once. So how about reduce the tax liability of the many, by increasing the tax liability of the few? Wrong? Sure. Immoral. But it works, and the argument can be made that by increasing those taxes, we also increase the overall profit margins of those suffering from that tax increase.
    So how do you increase the amount of money in the hands of the consumer? Hmmm, Reagan figured it out, liberals never will. You cut taxes which reduces withholding and puts more money in the hands of the consumer. Increases in consumer spending creates jobs as well as grows govt. revenue, always happens and always will. Reagan cut taxes three years in a row and increased govt. income tax revenue by 60%, Bush reduced taxes and we had record tax revenue in 2007. Tax increases do not increase revenue because they change behavior.

    Now wage increases increase taxes paid to the govt. and any benefit is offset by the cost of those wage increases in terms of retail prices for goods and services.

    You think the only benefit from a 10 million buck person, by the way how many is that and what percentage of our economy do those people affect, is in consumer spending but not creating investment capital or creating employment for people?

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    Re: GDP Shows Surprise Drop for U.S. in Fourth Quarter

    Welcome to the reality of spending cuts. They reduce GDP and can easily send us back into recession. This is news to you?

    Still, the weakness may be because of one-time factors. Government spending cuts and slower inventory growth subtracted a total of 2.6 percentage points from growth.And those volatile categories offset faster growth in consumer spending, business investment and housing -- the economy's core drivers of growth.

    Another positive aspect of the report: For all of 2012, the economy expanded 2.2 percent, better than 2011's growth of 1.8 percent.

  6. #66
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Tucker Case View Post
    What you see is irrelevant to the issue. Money hoarding has a negative impact on the economy.



    What kind of household did you grow up in? What kind of schools did you go to? What kind of resources did you have available to you while you were growing up?

    I'm curious, because intelligence has very little to do with success for most people, but those things are all major factors in economic success for most. I'm not sure why you think that intelligence would be the only factor involved.
    Money hoarding isn't the problem you seem to think it is and have offered no proof of the numbers involved or the impact in our 15 trillion dollar economy. The big problem is the 3.8 trillion dollar bloated Federal Govt. and attack on individual wealth creation which was what created this country.

    I grew up in an upper lower class home and learned the value of hard work and personal responsibility. I went to public schools and got a college degree. Started out in the corporate world making $750 a month, worked hard, envied and learned from people doing better, emulated their efforts and benefited.

    I never cared what someone else made and always celebrated success, never demonizing it. I never placed blame on someone else for poor choices I made. I always operated on the belief that I had a one year contract with my company and was looking for a job when I found the one I had for 35 years. I took control of my life and as a result benefited greatly.

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

    Quote Originally Posted by Fisher View Post
    Since it is none of my business what people do with their welfare check, it is none of your business what people do with their corporate welfare check

    People are sitting there waiting for someone to deliver a new Escalade with a box of cash in the back and an corporate gate pass on their dash. People are going crazy on gun control, but they won't get out of the recliner over economic policy. If people don't spend, corporate America won't produce. The reason low rate are not booming the economy is because the banking system is still broken. Unless you go after the banks, blaming the producers has the seriousness of Occupying Wall Street until you had to go home for Mom's free Thanksgiving Dinner.
    Someone needs to explain to me what corporate welfare is because I never considered keeping more of what someone makes as welfare. Most of that so called corporate welfare is companies keeping more of what they earned by paying less in taxes.

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

    Quote Originally Posted by Tucker Case View Post
    Who said they were?
    What are they doing with it then?

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

    Quote Originally Posted by Conservative View Post
    Someone needs to explain to me what corporate welfare is because I never considered keeping more of what someone makes as welfare. Most of that so called corporate welfare is companies keeping more of what they earned by paying less in taxes.
    That is simple--Corporate Welfare is a government contract that someone other than me got.

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

    Quote Originally Posted by Bronson View Post
    What are they doing with it then?
    Its in a bank, stocks, or other investments(property, ownership of concept/process), which means its in the economy being leveraged by others.

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