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

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

    Not that results matter to the Obama cult but further signs that we are on the wrong path and that Obama doesn't have any interest in growing a private sector economy. The new normal today is high unemployment, high debt, massive dependence on the govt, and low economic growth. Congratulations to those of you who believe it is the role of the govt. to provide cradle to grave coverage funded by the rich.

    US economy shrinks 0.1 percent, 1st time in 3 1/2 years | Fox News
    Last edited by Redress; 02-02-13 at 04:40 PM. Reason: Added inthread warning note to title

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

    Cutting spending OR raising taxes will cause recession, especially with the $1 trillion you guys need to balance. A minor recession is enevitable when balancing a deficit so large.
    "After all, you know, there are worse things in life than death. I mean, if you've ever spent an evening with an insurance salesman, you know exactly what I mean."
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    GDP Shows Surprise Drop for U.S. in Fourth Quarter

    The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth...


    The economy shrank from October through December for the first time since the recession ended...


    The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.


    The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts.

    GDP Shows Surprise Drop for U.S. in Fourth Quarter
    Why are the failures of Socialists always called a "surprise", or "unexpected"? Answer: Socialist propagandists masquerading as journalists cannot help themselves.

    This is no "SURPRISE!" to anyone who has half a brain. It is EXPECTED. You cannot crap the gas tank of the engine full and expect it to run.

    What will Obama's solution be? More government. Always and forever... more government. More socialism.

    And the recession ended??? Only in the minds of the Socialist of Amerika Partei (SAPs) Kool-Aid gulpers.
    Last edited by zimmer; 01-30-13 at 09:56 AM.
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by Juiposa View Post
    Cutting spending OR raising taxes will cause recession, especially with the $1 trillion you guys need to balance. A minor recession is enevitable when balancing a deficit so large.
    Wrong, cutting spending in a private sector economy will have limited effect. Unleash the private sector and force people like you to accept personal responsibility is the only way for this country to thrive. Only socialists believe we need a 3.8 trillion dollar and growing Federal Govt. and have no problem with high unemployment, high debt, and low economic growth, the new socialist normal. Welcome to Greece II and the Obama economy.

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

    Quote Originally Posted by Juiposa View Post
    Cutting spending OR raising taxes will cause recession, especially with the $1 trillion you guys need to balance. A minor recession is enevitable when balancing a deficit so large.
    We didn't cut spending OR raise taxes in the 4th quarter of 2012.
    "Hmmm...Can't decide if I want to watch "Four Houses" or give myself an Icy Hot pee hole enema..." - Blake Shelton


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

    Quote Originally Posted by Conservative View Post
    Wrong, cutting spending in a private sector economy will have limited effect. Unleash the private sector and force people like you to accept personal responsibility is the only way for this country to thrive. Only socialists believe we need a 3.8 trillion dollar and growing Federal Govt. and have no problem with high unemployment, high debt, and low economic growth, the new socialist normal. Welcome to Greece II and the Obama economy.
    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.
    "After all, you know, there are worse things in life than death. I mean, if you've ever spent an evening with an insurance salesman, you know exactly what I mean."
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    Re: Economy shrinks for first time in 3 1/2 years

    Quote Originally Posted by tessaesque View Post
    We didn't cut spending OR raise taxes in the 4th quarter of 2012.
    I read the article after posting that. Article does cite defence spending cuts though. My statement still stands regardless.
    "After all, you know, there are worse things in life than death. I mean, if you've ever spent an evening with an insurance salesman, you know exactly what I mean."
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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.
    Your opinion noted, but obviously you have no understanding of our free market economy and the components of tha teconomy

    In this country there are 23 million unemployed/under employed/discouraged workers and that is the new normal here.

    Name for me one successful socialist country with low unemployment, high economic growth, and no debt?

    Doubt seriously that you have any clue as to how a private sector economy works or really what is going on with yours.

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

    Quote Originally Posted by Juiposa View Post
    I read the article after posting that. Article does cite defence spending cuts though. My statement still stands regardless.
    Your opinion noted but your opinion is based upon total lack of understanding of what is going on in this country. There were no cuts in the fourth quarter in this country in any area of the budget and today we have a debt higher than our annual GDP. No country can survive those type economic results.

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

    Not a big surprise. Holiday spending was down, so post holiday, which is a traditionally low time of year, was bound to be down also. Though gas prices are down from a high water mark of last year, they are still high. Couple this with continued rise in food and other necessities, and the economy has to shrink. Pay is not increasing to meet the new demands on basics, so less to spend on other things. All the "stimulus" in the world is not going to change this, unless of course we hand out enough to keep pace with inflation on basic needs.

    To me, this is not the first "negative" growth we have had during that time period. Anytime growth does not keep pace with inflation on basic needs, then it is not really growth. With new EPA requirements hitting the electric power industry, continued inflation on food stuffs, continued high prices for housing, etc, it will only get worse. Credit, government manipulation and other factors have created a false "high" in the economy and it will at some point have to make a gross adjustment back to where it should be. This is going to hurt and there is no real way to prevent it.
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