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U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487:681]

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Of course I do. And like I said, the US does NOT have any issues raising funds to pay what it owes.



No, they really don't. If they did, we'd be seeing inflation in the double digits or more.



FY2015 is projected at $251 billion. Considering that it gets us access to the funds we need to run the government, and that interest rates are ridiculously low, it's not a bad deal.



The administration isn't the one "blaming the weather." It's independent economic analysts.

You will never see inflation with this many people unemployed, under employed, and discouraged.

For someone who claims to be less partisan than I believe you sure have a funny way of showing it

Please name for me one predication made by this Administration that has been accurate
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

You do realize that liberals never admit when they are wrong, they just ignore the response

And conservatives do admit when they are wrong. Hilarious, indeed.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

I lived in the Midwest throughout the 80's and we had terrible winters then but still had strong economic growth and job creation. Stop making excuses for incompetence. I live in TX now and the winter here was the worst on record and yet we still grew. I am basing my conclusions of BLS, BEA, and Treasury Data. You ought to familiarize yourself with the actual data and look particularly at the U-6 rate, the unemployment levels for the young and African Americans. What is it going to take for you to realize that liberalism is an absolute failure in a private sector economy. Maybe that is the problem you want us to be more like Europe so you don't have to work hard to be taken care of?

Oh yeah, a Texas winter, must have been tough. Did you have to stop wearing shorts for a few weeks? We had 53 days below zero here. Here's a list of the worst winters:
Rank Year Total
---------------------
1 1875 68
2 1887 58
3 1888 57
4 1873 56
5 1978 53
2014 53
7 1917 51
8 1936 50
9 1884 49
1965 49

Oh, that's weird, not a single year from the 80s?! But... no, maybe... could you be wrong? Is that possible? No way, must be incorrect data. But you're right, conservatives like George W. Bush really did great things for the economy. I think that's proof that Republicans are right and Democrats are wrong. It couldn't be that they're all morons. That makes too much sense.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

The winter of 2010 was much worse,not as cold.....But the blizzard that took out the Metrodome roof was much worse than anything we got this last winter lol

The storm we got this year, 6 days after I bought a new car, seemed way worse than the 2010 one. Guess what happened to the car?

I think the Metrodome roof storm was the one that got my old car stuck in a parking lot for about 36 hours. I'd rather get a car stuck than hit by the neighbor, so by that measurement, this year was worse.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

If that's the case, then the federal reserve is doing a pretty good job.



How many years of hyper-inflation predictions have to be made, without coming true, will you inflation guys admit that printing money doesn't create inflation? Just how many times do you have to be wrong before you will admit to being wrong.

By the way, inflation was much worse under the first couple of years of Reagan - you try to pretend that it ocurred under Carter to protect who you worship.

Of course there is inflation, lots of it. But the government keeps changing the way inflation is measured to make the CPI look lower...and they freely admit it.

Using the CPI formula the government used in 1990, inflation is roughly 6%, using the 1980 model, almost 10%.

Alternate Inflation Charts

The CPI is now a joke as an inflation indicator...it is now more of a cost of living indicator.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Y'all crack me up.

1q2014-final.png


Were Obama's policies working between Q3 2009 and Q4 2013? They're predicting roughly 3% growth next quarter, because employment and manufacturing and services are picking up. If Q2 2014 is positive, will you congratulate Obama for his good policy choices?

Care to guess what caused the decline in growth? A miserable winter, reductions in health care spending, and reductions in trade. Which Obama policies affected these factors?

Meanwhile, the Tea Party types want to shut down the Export-Import bank, which will hamstring US exports, and US businesses are freaking out. Yes, clearly Obama's policies are anti-business....
There you go, trying to inject facts into a thread designed to bash Obama.

An early poster in this thread blamed Obamacare. Which part of Obamacare caused GDP to fall? With Obamacare just starting out in the first quarter, economists predicted more health care spending. Since it fell, either Obamacare caused lower spending, which doesn't make sense, or HC spending would have been even lower than it was, absent Obamacare.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Man up and criticize the GOP? LOL! What, for your "above it all" approval? Anyone that does not adhere to the principles of Constitution has my criticism. That's 100% of the Democrats and about 90% of the Republicans.

You know why we can gloss over Reagan's spending? Did you take a look at what he accomplished? A booming economy and good bye Soviet Union. Not quite the same as today, eh? Not much of a payoff (at least for us) from all the $trillions that Obama has buried us with.

Oh, and you need to brush up on the CRA if you think Bush broke the economy. His mistake was too much spending (though a mere pittance compared to Obama) and the TARP bailout.
The deficits were largely caused by a $500 billion drop in revenues, not Obama's growth in government. In fact, the amount of spending hasn't increased in years, which is contrary to decades of trends.

If "Anyone that does not adhere to the principles of Constitution has my [your] criticism," then how do you lionize Reagan, who made deals with Iran and the Contras not only without Congressional approval but behind Congress' back?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

U.S. Economy Shrinks By Most Since Great Recession in 1Q | Fox Business

Congratulations, Liberals, you are getting what you want, A European Socialist economy dependent on a Federal Govt. run by liberals and with more people dependent on that govt. for existence. This is exactly what you get when you elect and re-elect a totally unqualified individual to the highest office in the land, High unemployment, high debt, low economic growth are the new normal in this country
High unemployment, (loosing 750,000 jobs per month at the end of your administration)
high debt, (fund two wars, the oil was supposed to pay for, on the taxpayer credit card )
low economic growth are the new normal in this (wages flat during your tenure)
Yep, ...this is exactly what you get when you elect and re-elect a totally unqualified individual to the highest office in the land.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

The deficits were largely caused by a $500 billion drop in revenues, not Obama's growth in government. In fact, the amount of spending hasn't increased in years, which is contrary to decades of trends.

If "Anyone that does not adhere to the principles of Constitution has my [your] criticism," then how do you lionize Reagan, who made deals with Iran and the Contras not only without Congressional approval but behind Congress' back?

In fact it was spending, not revenue that was the problem. Revenue dropped by 400bn. Spending increased by 900bn. Perhaps you meant the decrease in deficit was due to higher taxes? Not spending cuts.

Year/Revenue/Outlays
2007 2,567,985 2,728,686
2008 2,523,991 2,982,544
2009 2,104,989 3,517,677
2010 2,162,706 3,457,079
2011 2,303,466 3,603,059
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

In fact it was spending, not revenue that was the problem. Revenue dropped by 400bn. Spending increased by 900bn. Perhaps you meant the decrease in deficit was due to higher taxes? Not spending cuts.

Year/Revenue/Outlays
2007 2,567,985 2,728,686
2008 2,523,991 2,982,544
2009 2,104,989 3,517,677
2010 2,162,706 3,457,079
2011 2,303,466 3,603,059

How startling is that difference in the outlays from 2007 to 2011? That's almost an additional $1 trillion - about 35% higher. Geezus.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

And conservatives do admit when they are wrong. Hilarious, indeed.

Do you have something invested in Obama and his Administration? What exactly are we conservatives wrong about? I acknowledge the Reagan debt as well as the Reagan results. You have done no such thing with Obama who has greater debt and poorer results. This thread is about the economic decline in the first quarter and you are diverting to Reagan. That is typical liberalism
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Oh yeah, a Texas winter, must have been tough. Did you have to stop wearing shorts for a few weeks? We had 53 days below zero here. Here's a list of the worst winters:
Rank Year Total
---------------------
1 1875 68
2 1887 58
3 1888 57
4 1873 56
5 1978 53
2014 53
7 1917 51
8 1936 50
9 1884 49
1965 49

Oh, that's weird, not a single year from the 80s?! But... no, maybe... could you be wrong? Is that possible? No way, must be incorrect data. But you're right, conservatives like George W. Bush really did great things for the economy. I think that's proof that Republicans are right and Democrats are wrong. It couldn't be that they're all morons. That makes too much sense.

Yeah, I live in a state with the 11th largest economy in the WORLD and we had a bad winter here just like apparently you did. The difference is the state of TX has a part time legislature, low taxes, pro growth economic policies and a strong economy. Seems to work here so why not in your state or the nation. Any idea what Obama's results would be without TX?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

The deficits were largely caused by a $500 billion drop in revenues, not Obama's growth in government. In fact, the amount of spending hasn't increased in years, which is contrary to decades of trends.

If "Anyone that does not adhere to the principles of Constitution has my [your] criticism," then how do you lionize Reagan, who made deals with Iran and the Contras not only without Congressional approval but behind Congress' back?

Is that right? how are you coming on getting those shovels delivered for those shovel ready jobs that were supposed to create new taxpayers? Wonder what the revenue would be like if Obama had generated Reagan's job creation numbers?

Amazing how liberals bash Reagan and supported nothing that he did but now support Obama for what they claim Reagan did. Liberal logic is a sickness
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

How startling is that difference in the outlays from 2007 to 2011?
Don't suppose you noticed how the revenues actually dropped from 2009 on, another gift to Obama.
Must have been the 2007 congress that caused a loss of 4.4 million private sector jobs during Bush's last 3 months and Obama's first 3.
Too bad Republicans didn't adopt their own Sen. Coburn's back-in-black plan .
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

High unemployment, (loosing 750,000 jobs per month at the end of your administration)
high debt, (fund two wars, the oil was supposed to pay for, on the taxpayer credit card )
low economic growth are the new normal in this (wages flat during your tenure)
Yep, ...this is exactly what you get when you elect and re-elect a totally unqualified individual to the highest office in the land.

Got it, Bush with a Democrat Congress from 2007-2008 is responsible for the economic results but now it is the Republican House responsible for the economy. Liberals aren't responsible for anything, is that right?

Bush left the country with a 10.6 trillion dollar debt that is now 17.5 trillion which of course Obama had nothing to do with

Bush did have job losses of 750,000 but never had 1.2 million discouraged workers who aren't counted as unemployed.

Interesting how you and others still defend the indefensible and have no idea what you are talking about.
 
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Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Don't suppose you noticed how the revenues actually dropped from 2009 on, another gift to Obama.
Must have been the 2007 congress that caused a loss of 4.4 million private sector jobs during Bush's last 3 months and Obama's first 3.
Too bad Republicans didn't adopt their own Sen. Coburn's back-in-black plan .

Guess those shovels are still in transit for those shovel ready jobs that was supposed to create new taxpayers? Don't know about you but if you have a drop in revenue why would you propose higher spending? Name for me one, just one Obama budget that was equal to or lower than Bush's? By the way, Democrats controlled the Congress in 2007-2008 thus the purse strings and legislative process
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

By the way, inflation was much worse under the first couple of years of Reagan - you try to pretend that it ocurred under Carter to protect who you worship.

So then is it your contention that the 1973 oil crisis and the 1979 energy crisis, both of which contributed significantly to the rise in inflation while Carter was President and continued to impact inflation in the first 1-2 years of Reagan's Presidency, were somehow Reagan's fault?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Don't suppose you noticed how the revenues actually dropped from 2009 on, another gift to Obama.
Must have been the 2007 congress that caused a loss of 4.4 million private sector jobs during Bush's last 3 months and Obama's first 3.
Too bad Republicans didn't adopt their own Sen. Coburn's back-in-black plan .

They dropped between 2008 and 2009. From 2009 on?

2009 2,104,989
2010 2,162,706
2011 2,303,466

An increase of $200 billion is a "drop"?

Considering the 2007 Congress was controlled by Democrats, if you want to blame them for the loss of private sector jobs and the wrecked economy, that's fine by me.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

They dropped between 2008 and 2009. From 2009 on?

2009 2,104,989
2010 2,162,706
2011 2,303,466

An increase of $200 billion is a "drop"?
They also dropped from 2008 to 2010 and 2008 to 2011.
You probably thought that was a good try .
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

They also dropped from 2008 to 2010 and 2008 to 2011.
You probably thought that was a good try .

So you admit that your statement that they dropped from 2009 on was not correct. Thanks for that.

Yes, they did drop from 2008-2010. Is that what Obama increased spending by 35%?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Guess those shovels
I stopped here since I saw this in another of your posts.
Nice of Reagan then Bush-41 to send Midwest Federal Installations to Texas don't you think ?
 
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Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

So you admit that your statement that they dropped from 2009 on was not correct. Thanks for that.
Not at all--your spin dear.
Revenues dropped in 2009, 2010, and 2011 from 2007 and 2008 levels.
Republicans own the Recession, and Americans were the loser.
Hence, a new party elected President .
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

So Republicans were not President from 1969 to 1977.
Nothing they did affected inflation .
So then is it your contention that the 1973 oil crisis and the 1979 energy crisis, both of which contributed significantly to the rise in inflation while Carter was President and continued to impact inflation in the first 1-2 years of Reagan's Presidency, were somehow Reagan's fault?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

I stopped here since I saw this in another of your posts.
Nice opf Reagan then Bush-41 to send Midwest Federal Installations to Texas don't you think ?

Yep, it is also interesting to see how many Fortune 500 Companies have moved to TX none of which are Federal. Wonder why? What exactly would the Obama economic numbers look like without TX? Guess there aren't any federal dollars going to California with its billions in debt. Keep spinning like a top
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

What exactly would the Obama economic numbers look like without TX?
Is this your retread Texas comment for the day--used multiple times already ?
 
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