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

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

Conservative said:
Really? You buy Governor Moonbeam's rhetoric? How many businesses and individuals have fled California in the last year? Your state is an economic disaster whereas TX has a 12 billion dollar excess in tax revenue that the Governor wants to give back to the people. Imagine that, overpaying in taxes and getting a refund? Hmmm, let me know when that happens in California?
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LOL....keep telling yourself that....of course, as usual, don't let the facts stand in your way. It would ruin your day.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Really? You buy Governor Moonbeam's rhetoric? How many businesses and individuals have fled California in the last year? Your state is an economic disaster whereas TX has a 12 billion dollar excess in tax revenue that the Governor wants to give back to the people. Imagine that, overpaying in taxes and getting a refund? Hmmm, let me know when that happens in California?
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BTW..Conservative...been following the news? Looks like all those low paying wage jobs that Texas has brought in is also having the consequence of turning Texas into a swing state. LOL....I'll be thinking of you every time the GOP loses another election because without Texas the GOP doesn't have a shot.
 
Re: Economy shrinks for first time in 3 1/2 years

disneydude said:
LOL....keep telling yourself that....of course, as usual, don't let the facts stand in your way. It would ruin your day.
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LOL, facts? what would you know about facts? Still waiting for facts? What is the budget deficit in California? How many businesses have left the state? You have never offered any facts.
 
Re: Economy shrinks for first time in 3 1/2 years

disneydude said:
BTW..Conservative...been following the news? Looks like all those low paying wage jobs that Texas has brought in is also having the consequence of turning Texas into a swing state. LOL....I'll be thinking of you every time the GOP loses another election because without Texas the GOP doesn't have a shot.
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Keep dreaming, Governor Moonbeam has a real disciple in you
 
Re: Economy shrinks for first time in 3 1/2 years

jonny5 said:
The Senate has ignored them, so the Republicans passed a spending increase instead.
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President Obama?s news conference on the debt ceiling, fiscal battles and gun control, Jan. 14, 2013 (Transcript) - Washington Post

But it seems as if what’s motivating and propelling at this point some of the House Republicans is more than simply deficit reduction. They have a particular vision about what government should and should not do. So they are suspicious about government’s commitments, for example, to make sure that seniors have decent health care as they get older. They have suspicions about Social Security. They have suspicions about whether government should make sure that kids in poverty are getting enough to eat or whether we should be spending money on medical research. So they -- they got a particular view of what government should do and -- and should be.
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Re: Economy shrinks for first time in 3 1/2 years

Grim17 said:
Makes sense... Just look at how the jobs numbers were "massaged" a month before the election.
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How were the jobs numbers "massaged" a month before the election?
 
Re: Economy shrinks for first time in 3 1/2 years

disneydude said:
BTW..Conservative...been following the news? Looks like all those low paying wage jobs that Texas has brought in is also having the consequence of turning Texas into a swing state. LOL....I'll be thinking of you every time the GOP loses another election because without Texas the GOP doesn't have a shot.
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Actually for the last coupe of years Texas has moved towards a more Conservative legislature than it's ever had. And that's with cities like Austin and Houston and Dallas who have large liberal contingencies. So you don't know what your'e talking about.

Maybe you should actual read the news and not some Daily Kos liberal piece . We here in Texas value honesty, hard work and incentivizing the private sector plus no STATE INCOME TAXES....and we have a excess of revenue. Texas basically exist to counter any liberal meme lie by proving the polar opposite is effective.

You can keep your misinformation and nonsensical rhetoric and joblessness and union thuggery as more and more liberal blue plague states slink away into default.
 
Re: Economy shrinks for first time in 3 1/2 years

Jack Fabulous said:
United States GDP Growth Rate

What I can't figure out is how 3rd quarter growth could be 3.1% and then just tank in the fourth quarter. You would think Christmas alone would be enough to spark the economy a little.

I'm beginning to wonder if those 3rd quarter numbers weren't a little bit "massaged"...
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A decline in both federal investment and exports will do the trick. Personal consumption, meanwhile weighed in at a higher level than the previous mark.

Why stop there in that case? If the BEA simply alters growth figures to their liking, why the sudden dip? Mood swings?
 
Re: Economy shrinks for first time in 3 1/2 years

pbrauer said:
How were the jobs numbers "massaged" a month before the election?
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The same way they massaged the last quarter GDP #'S. With full on lies and trickery.

They Fed govt inflated the last quarter GDP #'s with massive spending with borrowed dollars. When a economist on CNN said it wasn't such a bad thing because you had to use the median number of the last quarter and this quarter to come up with a GDP of 1.5% he failed to mention this.

Truth is the median is actually closer to .8 GDP. And that after Christmas, Holiday Shopping no less.

It's a testament to the damage Obama's done to our economy and a symbol whats to come. It what happens when you let idiots vote, we all pay the price.
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
A decline in both federal investment and exports will do the trick. Personal consumption, meanwhile weighed in at a higher level than the previous mark.

Why stop there in that case? If the BEA simply alters growth figures to their liking, why the sudden dip? Mood swings?
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Be honest ok ? Explain why the last quarters GDP #s were so High. 3.1% ? Why ?
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
Primarily due to an increase in both private and federal investment, but don't take my word for it.

http://www.bea.gov/newsreleases/national/gdp/2012/pdf/gdp3q12_3rd.pdf
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It was a massive increase in Federal expenditures, not "private investment". From your PDF....

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.

If you try to tell the truth, or try not to inflict your ideology on economic data that doesn't support your opinion, does your tongue burn ?
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
Primarily due to an increase in both private and federal investment, but don't take my word for it.

http://www.bea.gov/newsreleases/national/gdp/2012/pdf/gdp3q12_3rd.pdf
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It was a massive increase in Federal expenditures, WITH BORROWED MONEY NO LESS, not "private investment". From your PDF....

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.

If you try to tell the truth, or try not to inflict your ideology on economic data that doesn't support your opinion, does your tongue burn ?
 
Re: Economy shrinks for first time in 3 1/2 years

Fenton said:
It was a massive increase in Federal expenditures, WITH BORROWED MONEY NO LESS, not "private investment". From your PDF....

If you try to tell the truth, or try not to inflict your ideology on economic data that doesn't support your opinion, does your tongue burn ?
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Residential investment increased by 13.5 percentage points. Nearly a full percentage point contribution from private investment realm in all, contrasted with less than a tenth in the previous quarter. Table 2 on the aforementioned PDF if you're interested in the nuts and bolts rather than mud slinging.
 
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Re: Economy shrinks for first time in 3 1/2 years

Fenton said:
The same way they massaged the last quarter GDP #'S. With full on lies and trickery.

They Fed govt inflated the last quarter GDP #'s with massive spending with borrowed dollars. When a economist on CNN said it wasn't such a bad thing because you had to use the median number of the last quarter and this quarter to come up with a GDP of 1.5% he failed to mention this.

Truth is the median is actually closer to .8 GDP. And that after Christmas, Holiday Shopping no less.

It's a testament to the damage Obama's done to our economy and a symbol whats to come. It what happens when you let idiots vote, we all pay the price.
Click to expand...
How did the unemployment figures get "massaged?" Take your conspiracies to the conspiracy forum.
 
Re: Economy shrinks for first time in 3 1/2 years

Government spending did not decrease last quarter. Read the entire thread please. Thank you
 
Re: Economy shrinks for first time in 3 1/2 years

Fenton said:
Actually for the last coupe of years Texas has moved towards a more Conservative legislature than it's ever had. And that's with cities like Austin and Houston and Dallas who have large liberal contingencies. So you don't know what your'e talking about.

Maybe you should actual read the news and not some Daily Kos liberal piece . We here in Texas value honesty, hard work and incentivizing the private sector plus no STATE INCOME TAXES....and we have a excess of revenue. Texas basically exist to counter any liberal meme lie by proving the polar opposite is effective.

You can keep your misinformation and nonsensical rhetoric and joblessness and union thuggery as more and more liberal blue plague states slink away into default.
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You are in serious serious denial dude. Look at the changing demographics in Texas. Just because you want to deny it...doesn't make it so. Texas will absolutely be in play as a swing state in 2020 and very quite possibly in 2016.
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
Government consumption expenditures and gross investment, the two facets of federal outlays that actually plug into the GDP equation, decreased by 15 percent.
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Its larger than it sounds. In billions of dollars the change was -40bn. The govt just spent more than that in one bill for disaster relief.
 
Re: Economy shrinks for first time in 3 1/2 years

disneydude said:
You are in serious serious denial dude. Look at the changing demographics in Texas. Just because you want to deny it...doesn't make it so. Texas will absolutely be in play as a swing state in 2020 and very quite possibly in 2016.
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Another liberal dream of spreading your misery equally to everyone else.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Another liberal dream of spreading your misery equally to everyone else.
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Misery? Dude.... I live in California. A bad day in California is better than a great day in Texas. Now THAT would be misery. No thanks....you live in the armpit of America...I live in the crown jewel. Enough said.
 
Re: Economy shrinks for first time in 3 1/2 years

disneydude said:
Misery? Dude.... I live in California. A bad day in California is better than a great day in Texas. Now THAT would be misery. No thanks....you live in the armpit of America...I live in the crown jewel. Enough said.
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Your opinion noted, especially those who are economically challenged and living off the state taxpayer dole.
 
Re: Economy shrinks for first time in 3 1/2 years

Bronson said:
Government spending did not decrease last quarter. Read the entire thread please. Thank you
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Current Government Expenditures did increase by 10.2 billion.
BUT break it down:
Consumption Expenditures: -$42.4 billion
Transfer Payments: +$8.3 billion
Interest Payments: +$43.8
Subsidies: +$0.5 billion

ONLY Consumption Expenditures are part of the GDP equation because they're the only category that can be considered Production.
Gross Investments (+$2.1 billion) are also part of the "G" component so the total G component was +$8.3 - $42.4 = -$40.3
Source: BEA interactive NIPA tables Table 3.1
So when talking about components and contributions to the GDP, it is entirely correct to say the major cause was a decrease in government spending.

Contributions to the -0.1 change in the GDP
C: +1.52
G:-1.33
I:-0.08
NX: -0.25
 
Re: Economy shrinks for first time in 3 1/2 years

pinqy said:
Current Government Expenditures did increase by 10.2 billion.
BUT break it down:
Consumption Expenditures: -$42.4 billion
Transfer Payments: +$8.3 billion
Interest Payments: +$43.8
Subsidies: +$0.5 billion

ONLY Consumption Expenditures are part of the GDP equation because they're the only category that can be considered Production.
Gross Investments (+$2.1 billion) are also part of the "G" component so the total G component was +$8.3 - $42.4 = -$40.3
Source: BEA interactive NIPA tables Table 3.1
So when talking about components and contributions to the GDP, it is entirely correct to say the major cause was a decrease in government spending.

Contributions to the -0.1 change in the GDP
C: +1.52
G:-1.33
I:-0.08
NX: -0.25
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Obama economic policies have led to the worst recovery from a recession in the history of this country and the meager economic growth is terrible based upon the potential and the foundation of our economy. Obama is a full blown liberal who believes in cradle to grave coverage and a large central govt. Govt. spending constitutes about 20% of GDP with the other components making up 80% most of it consumer spending. We have a consumer driven economy and cuts in govt. spending should have been offset by increased consumer spending especially in the fourth quarter but weren't. That is because the consumer is scared to death of Obama economic policies including potential for higher taxes and greater govt. control.

To tout this very poor economic growth even if there wasn't a cut in govt. spending is typical liberalism whose history shows high unemployment, high debt, and low economic growth.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Obama economic policies have led to the worst recovery from a recession in the history of this country and the meager economic growth is terrible based upon the potential and the foundation of our economy. Obama is a full blown liberal who believes in cradle to grave coverage and a large central govt. Govt. spending constitutes about 20% of GDP with the other components making up 80% most of it consumer spending. We have a consumer driven economy and cuts in govt. spending should have been offset by increased consumer spending especially in the fourth quarter but weren't. That is because the consumer is scared to death of Obama economic policies including potential for higher taxes and greater govt. control.

To tout this very poor economic growth even if there wasn't a cut in govt. spending is typical liberalism whose history shows high unemployment, high debt, and low economic growth.
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And govt spending propping up the economy is hardly a good thing. The money they spend has to be taken OUT of the economy in the first place, or borrowed which casues inflation.
 
Re: Economy shrinks for first time in 3 1/2 years

jonny5 said:
And govt spending propping up the economy is hardly a good thing. The money they spend has to be taken OUT of the economy in the first place, or borrowed which casues inflation.
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Exactly, what far too many don't know is that govt. spending is paid for by taxes which take money from the American consumer. Obviously many who promote bigger govt. are part of the group that pays zero in Federal Income taxes to pay for that govt.
 
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