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

  1. #171
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    Why is SS on budget and used for anything other than SS? Cutting in funding for SS is a good thing in your world? Is that what you expect when you put money into your own retirement plan?




    It did nothing but cushion support for Obama and that seems to be what you want. The payroll tax cut actually cut what people are putting into a retirement account that has been raided. You don't seem to understand that





    Tax cuts allow people to keep more of what they earn. You have a problem with that concept, move to another one with higher taxes since obviously you believe the govt. needs the money more than you do if you even work





    Every income earning American got a tax cut meaning they kept more of what they earn. You have a problem with that since you believe all money belongs to the govt. and thus it is an expense to allow people to keep more of it.




    Homes are long term investments, I have lost nothing if the value of my home goes down and I don't sell. A tax rebate for first time homeowners still require those people to make monthly payments and they have to have a job to do that





    Your opinion noted but you have shown no evidence that you understand what you are posting but rather posting what you are told



    Depends on where you believe the money belongs. You think with your heart instead of your brain. Who do you think the housing bubble helped, Democrats or Republicans? It was Clinton who created the sub prime loans.




    So what good did it do?




    Facts always get in the way of liberal rhetoric



    No I am not, the growth in GDP is anemic and only people with low expectations believe that anemic growth is a good thing. In 8 years Bush generated 4.5 trillion in GDP growth and that wasn't good enough enough for liberals




    Greatest country on the face of the earth and you are trying to destroy it. Political correctness run amuck and wealth redistribution has our Fore Fathers turning over in their graves.




    You have no idea what it costs to hire, train, and provide full benefits to an employee. What exactly does it cost an employer to hire someone under Obama policies? If you don't know then you know why employers aren't hiring.





    Yes, and Obama said he would solve the problem, another promise broken.



    Do you have any idea what your taxes fund? When you get a job you will. When you buy gasoline what part of that is taxes and what do they fund? What exactly does your state and local community do and why does a bureaucrat in D.C. know better than a local bureaucrat on how to handle a local problem?





    Do you realize that in 1965 we had a budget of about 250 billion dollars for a population of 175 million people and today Obama wants a 3.9 TRILLION budget for 312 million?





    Why should tax dollars go to fund programs that the people don't want to pay for? Republicans don't want a massive central govt. neither did our forefathers.






    It is those 50% that are the ones hurting and the ones Obama and people like you are destroying



    Wrong, small businesses and contract employees aren't counted

    ^^^^^^^ Quoted for truth.
    Redneck, hillbilly, fundie, Bible thumper, cracker, split tails, geezer, loon, xenophobe, islamaphobe, and homophobe are not words of tolerance.

  2. #172
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by ludin View Post
    yep the feds i have heard are already talking about raising interest rates so that must mean that something is coming that they are trying to ward off it they are raising interest rates a head of schedule.

    obama is carter 2.0 i think almost worse.

    his anti business policies and massive regulations are now coming to light.
    companies aren't expanding because they can't afford the added cost of employee's.
    With the housing market cooling down a bit again, why are rates for a 30-year fixed rate mortgage higher than they were less than nine month's ago by more than a full percentage point? Strange....Something is going on.

    Greetings, ludin.

  3. #173
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by iliveonramen View Post
    The only time I hear messiah associated with the president is from conservatives.
    Then you should look at the pictures from his first term. Ears and hearing not required.
    “I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on what’s being proposed here, he’d agree with it. He would agree that the First Amendment cannot be absolute.” - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


  4. #174
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    Why is SS on budget and used for anything other than SS? Cutting in funding for SS is a good thing in your world? Is that what you expect when you put money into your own retirement plan?




    It did nothing but cushion support for Obama and that seems to be what you want. The payroll tax cut actually cut what people are putting into a retirement account that has been raided. You don't seem to understand that





    Tax cuts allow people to keep more of what they earn. You have a problem with that concept, move to another one with higher taxes since obviously you believe the govt. needs the money more than you do if you even work





    Every income earning American got a tax cut meaning they kept more of what they earn. You have a problem with that since you believe all money belongs to the govt. and thus it is an expense to allow people to keep more of it.




    Homes are long term investments, I have lost nothing if the value of my home goes down and I don't sell. A tax rebate for first time homeowners still require those people to make monthly payments and they have to have a job to do that





    Your opinion noted but you have shown no evidence that you understand what you are posting but rather posting what you are told



    Depends on where you believe the money belongs. You think with your heart instead of your brain. Who do you think the housing bubble helped, Democrats or Republicans? It was Clinton who created the sub prime loans.




    So what good did it do?




    Facts always get in the way of liberal rhetoric



    No I am not, the growth in GDP is anemic and only people with low expectations believe that anemic growth is a good thing. In 8 years Bush generated 4.5 trillion in GDP growth and that wasn't good enough enough for liberals




    Greatest country on the face of the earth and you are trying to destroy it. Political correctness run amuck and wealth redistribution has our Fore Fathers turning over in their graves.




    You have no idea what it costs to hire, train, and provide full benefits to an employee. What exactly does it cost an employer to hire someone under Obama policies? If you don't know then you know why employers aren't hiring.





    Yes, and Obama said he would solve the problem, another promise broken.



    Do you have any idea what your taxes fund? When you get a job you will. When you buy gasoline what part of that is taxes and what do they fund? What exactly does your state and local community do and why does a bureaucrat in D.C. know better than a local bureaucrat on how to handle a local problem?





    Do you realize that in 1965 we had a budget of about 250 billion dollars for a population of 175 million people and today Obama wants a 3.9 TRILLION budget for 312 million?





    Why should tax dollars go to fund programs that the people don't want to pay for? Republicans don't want a massive central govt. neither did our forefathers.





    It is those 50% that are the ones hurting and the ones Obama and people like you are destroying



    Wrong, small businesses and contract employees aren't counted
    Do you realise that it took 200 years for the US to accumulate 1 trillion dollars of debt and for Reagan to triple it in just eight years. Which is worse, tax and spend, or borrow and spend.
    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 Maenad View Post
    So what exactly was the trade imbalance in dollars during that time. Link please.
    I'm not sure of the total imbalance, but in consumer goods it was around $1 billion (or nearly $11 billion in 2014 dollars) according to the National Bureau of Economic Research. A surplus was also seen in several other areas that continued into the 1950s and beyond, some of them beginning to disappear as other countries rebuilt, notably cars and energy.

  6. #176
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    I notice that the left really like to gloss over the negative growth we just had. Hey, no big deal, we'll be back on track in no time.

    When was the "summer of recovery" as declared by Joe Biden? 2, 3 years ago? We're still waiting. Hey Joe, just had a negative quarter. How's that recovery going?
    I'll answer that one. It sucks. The economy sucks. You call this a recovery??? This administration has done a terrible job. They are a bunch of bumbling idiots.
    Check that. Bumbling idiots could give us positive growth, month to month. That doesn't take much. This group is some special batch of idiots. Reagan gave them a proven template on how to recover, and they blew it.

    Then we, unbelievably, still have the Bush blamers. Incapable of taking responsibility. They blame, my God, tax cuts for the economy! LOL! I'm still searching for a time in history when a country taxed their way to prosperity. Lefties, feel free to provide one.

    But, we'll still see the misleading numbers and charts from the left to prove what a wonderful job that our great leader is doing. Whoa! he cut the deficit. What a great job! They fail to point out that he jacked it to over a $Trillion a year, and the "cut" deficits we have now, that they are crowing about, are among the highest in history, save Obama's other deficits. Keep that crap for your useful idiot friends, that doesn't cut it here.
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  7. #177
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Montecresto View Post
    Do you realise that it took 200 years for the US to accumulate 1 trillion dollars of debt and for Reagan to triple it in just eight years. Which is worse, tax and spend, or borrow and spend.
    Do you realize that he created millions and millions of jobs and a booming economy, well into the '90's? Contrast that to this disaster we have now. Which do you prefer?
    "We have met the enemy and they are ours..." -- Oliver Hazard Perry
    "I don't want a piece of you... I want the whole thing!" -- Bob Barker

  8. #178
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Anthony60 View Post
    I notice that the left really like to gloss over the negative growth we just had. Hey, no big deal, we'll be back on track in no time.

    When was the "summer of recovery" as declared by Joe Biden? 2, 3 years ago? We're still waiting. Hey Joe, just had a negative quarter. How's that recovery going?
    I'll answer that one. It sucks. The economy sucks. You call this a recovery??? This administration has done a terrible job. They are a bunch of bumbling idiots.
    Check that. Bumbling idiots could give us positive growth, month to month. That doesn't take much. This group is some special batch of idiots. Reagan gave them a proven template on how to recover, and they blew it.

    Then we, unbelievably, still have the Bush blamers. Incapable of taking responsibility. They blame, my God, tax cuts for the economy! LOL! I'm still searching for a time in history when a country taxed their way to prosperity. Lefties, feel free to provide one.

    But, we'll still see the misleading numbers and charts from the left to prove what a wonderful job that our great leader is doing. Whoa! he cut the deficit. What a great job! They fail to point out that he jacked it to over a $Trillion a year, and the "cut" deficits we have now, that they are crowing about, are among the highest in history, save Obama's other deficits. Keep that crap for your useful idiot friends, that doesn't cut it here.
    That's what partisans do. Just like you glossing over the fact that Reagan tripled the ND borrowing more money than any president before him. Now I'll criticise the Obama administration. His action in Libya as well as his ongoing drone program is unethical as well as a violation of IL. He has done absolutely nothing to fix the economy that Bush broke. Now you man up and criticise the the GOP or are you just another right wing partisan hack?
    Killing one person is murder, killing 100,000 is foreign policy

  9. #179
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    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
    Aw shucks. You beat me to it. Another BHO failure.

    U.S. Economy Contracted in First Quarter by Most in Five Years

    "The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled.

    Gross domestic product fell at a 2.9 percent annualized rate, more than forecast and the worst reading since the same three months in 2009, after a previously reported 1 percent drop, the Commerce Department said today in Washington. It marked the biggest downward revision from the agency’s second GDP estimate since records began in 1976. The revision reflected a slowdown in health care spending. . . ."


    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

  10. #180
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Maenad View Post
    Well, I a 6 figure salary earner retired on SS and 3 other pensions. That is a considerable gap right there. Many others will do the same.
    As a six-figure earner, you've been in the top quintile for a long time.

    It's rare for the majority of Americans to earn more in retirement than when they're working. Social Security doesn't pay that much, and pensions have been declining for years, increasingly replaced by 401(k)'s and IRA's, which are at the tender mercies of stock and bond markets.

    In addition, SS payments haven't changed during the past ~20 years, while income inequality has gone through the roof:




    Beyond that, there are no limits on the amount of money a person in the United States can make. That is what constituted the 'American Dream.' Thinking you deserve any portion of what someone else has worked to earn, build, or garner for himself is ludicrous....
    I for one don't put the American Dream in such crass materialistic terms.

    Taxation is also not other people "deserving" to "take what I own." It's your contribution to a society which makes it possible for you to live and flourish as a citizen.


    The taxes right now constitute robbery of hard working American citizens....
    Tax rates in the US are also at near-historic lows, even with Obama slightly bumping up rates. I also apparently have to remind you that the concept of governance is taxation with representation. American citizens not only have the ability to change tax rates, and decide where those rates go, they in fact HAVE wound up reducing tax rates in recent years.


    this Robin Hood government takes and gives it to people who could but will not work. You can throw up all the bile you want in the direction of corporate America, it is corporate America that keeps this country running, not welfare families.
    I'm not throwing any "bile" at corporate America. They do need oversight, but I certainly don't view them as inherently evil.

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