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

  1. #141
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by APACHERAT View Post
    I can't think of any except maybe for the FDR administration.

    There was a time not to long ago that most Americans were informed enough that when the unemployment rate was released, you just doubled the numbers and you have a more accurate number of how many American are actually out of work. And there was no prior administration who had a problem with it. They didn't believe that Americans were stupid like the Obama administration does today.

    The one I like was the Obama White House presenting a cooked survey of the troops to Congress to repeal DADT.
    Funny that the Obama White House had the results of the troops survey before the survey was released to the troops to take. A criminal act ???
    This is how the Obama White House operates.

    You have to follow all of the links. -> DoD IG Report Exposes Improper Activities to Repeal Gays in Military Law - Search - Center for Military Readiness

    One Marine's View: Does the military really support DADT like the survey said?
    Your too old to be that naive, ALL administrations cook the books. Here's a good example.

    Col. Lawrence Wilkerson, former chief of staff to Secretary of State Colin Powell, said Monday on MSNBC that he’s “damn sure the Bush administration cooked the books” when it came to pushing for the invasion of Iraq.
    Killing one person is murder, killing 100,000 is foreign policy

  2. #142
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Maenad View Post
    I think that 'gap' is fueled by the number of baby boomers who are retiring, now, and living on the Social Security. I believe, due to this one thing, that 'gap' is artificial.
    I'm afraid that doesn't really explain what's happening on the high end. What's been going on for the past decade or so is that CEO and financial sector (mostly hedge fund) compensation has gone off the charts. Plus, tax cuts on capital gains and estates mean that these people keep more of their wealth, which in turn boosts the income only for the "rentiers."

    I don't see why Baby Boomers retiring is going to increase income inequality figures.

  3. #143
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by iliveonramen View Post
    Well there is a history that extreme weather events can lead to lower turnout by consumers, lower production by workers whose job requires being outside, and backlogs in shipping.

    The extreme weather events took place in the north east which is one of the largest economic centers in the US.

    I'm just looking at it impartially. Why does everything have to about the President? We've had multiple years of economic growth yet that one quarter is a result of liberal economic policies? How about the major decreases in economic growth while Bush was President? Was the a result of conservative economic policies?
    So, the snow in New England was a surprise?
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

  4. #144
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by mbig View Post
    And it wan't even just the Northeast. The Midwest and ie, Chicago had it's coldest winter Ever (or in decades).

    https://www.google.com/webhp?sourcei...nter%20chicago

    I'd estimate more than Half the country's consumers who were not only shut in more, but spending Much more on heating oil etc.
    Very true, I forgot about the Midwest getting clobbered.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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

    Quote Originally Posted by apdst View Post
    So, the snow in New England was a surprise?
    So...you don't remember the two "polar vortexs" that occurred this past winter that caused extreme winter weather that was pretty much all over the news? That was abnormal weather and well beyond a normal winter.
    “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.” John Maynard Keynes

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

    Quote Originally Posted by Tettsuo View Post
    I thought you guys believe the numbers given by the government were BS.

    Is it accurate now?
    I'm sure its worse than this. No good data comes out of .gov anymore. They change their seasonal adjustments and models all the time to give the most optimistic results and outlook. They adjusted the CPI to hide the true inflation rate. It is detached from reality now. Sort of like all the talking heads who read teleprompters saying the economy is recovering while showing the stock market at all time highs. All it takes is 10 minutes of research to realize the only reason we aren't sunk is the piles of money being digitally printed to inflate the market and create bubbles.

  7. #147
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by apdst View Post
    So, the snow in New England was a surprise?
    Snow isn't a surprise, But it was the Coldest winter Ever (or in decades) in Much of the Nation from Chicago to DC to Boston/NYC/Philly.
    That's alotta biz.
    And I might add as someone in late middle age: this WAS the coldest winter I remember and I go back to the 50s.

    The snows simply didn't melt for a month.
    It didn't crack freezing for weeks at a time. No 'January thaw'.
    Snow was still piled up in Mall parking lots well into April.
    Highly unusual if not Unprecedented for NYC (sidewalks) and surrounds.
    Last edited by mbig; 06-25-14 at 06:48 PM.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

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

    Quote Originally Posted by iliveonramen View Post
    So...you don't remember the two "polar vortexs" that occurred this past winter that caused extreme winter weather that was pretty much all over the news? That was abnormal weather and well beyond a normal winter.
    The cold didn't stop me from going outside and making purchases. How about you?

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

    Quote Originally Posted by apdst View Post
    I must have missed all the times you took a Conservative position on anything, except maybe gun control.
    I take the spoken (and not the practiced) conservative position on fiscal issues. And I take the conservative position on gun control as you correctly pointed out, and I take the conservative position on education, I take a liberal position on social issues, but I'll tell you what I don't take, and that is democratic OR republican talking points and hypocrisy.
    Killing one person is murder, killing 100,000 is foreign policy

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

    Quote Originally Posted by Montecresto View Post
    Actually they prove that the government, regardless of which party is in power, isn't interested in fixing the economy. In fact this current economy has been good for corporate America, and that's who BOTH parties pander to. Have you had a look at corporate profits over this time period, compared with individual economic success during the same period?
    That's true Monte, corporate profits have soared while the guy on Main Street ain't feeling it. Both parties are practicing corporatism but there is still a part of the Republican party that is trying to stop it. They are labeled kooks and fringe by Democrats and the Republican elites. These folks understand that there is a direct link to deficit spending that leads to debt and results in stifling economic growth. They know that crony capitalism sets up an unfair playing field that sets up so many businesses to fail. These folks know that allowing countless regulations which are hidden taxes due to environmentalists lobbies and political agendas to the feckless legislation over Amnesty by folks like Grover Norquist's lobbies and Chamber of Commerce lobbies that are screwing them while our borders remain unsecured while terrorism increases. Hello? Today in Washington it is all about who gets the power to payoff their special interests often at the cost of every damn American. There is a group of people trying to change that but unfortunately there's a media and the elites of both parties who have done a damn good job of bastardizing them.

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