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

  1. #181
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by RedAkston View Post
    As many of us not left of center have been saying, Obamacare is killing jobs and job growth.
    The main culprit was a decline in exports and fixed investment. One would be hard pressed to lay significant blame on the ACA, especially given the positive jobs reports in recent memory.

    We are now in an out-of-control downward spiral economically.
    We've had overly positive reports in employment, consumer confidence and housing in the months following Q1 and no credible projection places Q2 growth in negative territory. Just not a credible or informed assertion.

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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
    Quote Originally Posted by RedAkston View Post
    As many of us not left of center have been saying, Obamacare is killing jobs and job growth. If it is not repealed, our country's better days will be behind us and not in our future. We are now in an out-of-control downward spiral economically. It will be entertaining at least to see the administration, the pundits and the apologists try to spin their way out of this one.

    Obama is an abysmal failure and his policies are now coming to fruition. Can't blame this on Bush can they.
    Quote Originally Posted by tres borrachos View Post
    You are correct, Red. They can't blame this on Bush, but that certainly won't stop them.

    Obama will say something profound on this issue, like "I inherited this mess and the Republicans have done nothing but obstructed all of my efforts to help Main Street", and the Obamabots will bob their collective heads in agreement, say what a wonderful smart man he is, and that this is all because of Bush, Cheney, Halliburton, and the Party of No.
    You guys are pretty Funny.

    The OP/FOX article continues:

    "..Data such as employment, manufacturing and services sectors point to a Sharp Acceleration in growth Early in the Second quarter. However, the pace of expansion could fall short of expectations, which range as high as a 3.6% rate.

    Economists estimate severe weather could have slashed as much as 1.5% points from GDP growth in the first quarter."..."

    "Downward Spiral"?
    The deficit is also shrinking Dramatically every year now. Will probably be about $450 Bil. and drop further next year.
    and of course, the stock market shrugged those numbers off because.. money is stupid?

    Obama is not my favorite President either, (I dislike him more yearly), but you guys are over the top partisans who didn't even bother reading the OP article.

    ...One can get 10 'likes'/and lotsa high-fiving on this board for any 'Obama Stinks' OP.
    It's pretty ugly and it seems to get worse and more Right wing daily.

    BTW, how did you guys feel about UNFUNDED Medicare Part D?
    Last edited by mbig; 06-25-14 at 08:40 PM.
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  3. #183
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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.
    And exactly what did we get for that 1.7 trillion Reagan Added to the debt that still was 50% of GDP? How about 17 million jobs, doubling of GDP, 60% increase in Income Tax revenue, and a peace dividend that was squandered by future President's. Which is worse tripling the debt by 1.7 trillion dollars or a 70% increase in the debt oc 6.8 trillion dollars? Better stop reading leftwing sites and get the data. If Obama created 17 million jobs you would be trying to get him sainthood.

  4. #184
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by mbig View Post
    You guys are pretty Funny.

    The OP/FOX article continues:

    "..Data such as employment, manufacturing and services sectors point to a Sharp Acceleration in growth Early in the Second quarter. However, the pace of expansion could fall short of expectations, which range as high as a 3.6% rate.

    Economists estimate severe weather could have slashed as much as 1.5% points from GDP growth in the first quarter."..."

    "Downward Spiral"?
    The deficit is also shrinking Dramatically every year now. Will probably be about $450 Bil. and drop further next year.
    and of course, the stock market shrugged those numbers off because.. money is stupid?

    Obama is not my favorite President either, (I dislike him more yearly), but you guys are over the top partisans who don't even bother reading the OP article.
    Do you realize that a 3% increase in GDP will just get us back to zero? Do you people have such low standards that you accept this as nothing more than a blip on the screen? This is a disaster and shows liberal economic policies for what they are, failures

  5. #185
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    And exactly what did we get for that 1.7 trillion Reagan Added to the debt that still was 50% of GDP? How about 17 million jobs, doubling of GDP, 60% increase in Income Tax revenue, and a peace dividend that was squandered by future President's. Which is worse tripling the debt by 1.7 trillion dollars or a 70% increase in the debt oc 6.8 trillion dollars? Better stop reading leftwing sites and get the data. If Obama created 17 million jobs you would be trying to get him sainthood.
    Not to mention Cold War victory.
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

  6. #186
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by AlbqOwl View Post
    We won't know what the 2nd quarter numbers are for some time. I am assuming that 2nd quarter means April - May - June.
    The first quarter of FY 2014 began on October 1, 2013 and ended at the beginning on New Years eve. We're about five days away from the end of Q3 presently.

  7. #187
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    And exactly what did we get for that 1.7 trillion Reagan Added to the debt that still was 50% of GDP? How about 17 million jobs, doubling of GDP, 60% increase in Income Tax revenue, and a peace dividend that was squandered by future President's. Which is worse tripling the debt by 1.7 trillion dollars or a 70% increase in the debt oc 6.8 trillion dollars? Better stop reading leftwing sites and get the data. If Obama created 17 million jobs you would be trying to get him sainthood.
    Personally I liked it better when we were loaning money, than borrowing money! You can keep Reaganomics. Even he repented of it.

    17] As a short-run strategy to reduce inflation and lower nominal interest rates, the U.S. borrowed both domestically and abroad to cover the Federal budget deficits, raising the national debt from $997 billion to $2.85 trillion.[18] This led to the U.S. moving from the world's largest international creditor to the world's largest debtor nation.[19] Reagan described the new debt as the "greatest disappointment" of his presidency.[20]

    Reaganomics - Wikipedia, the free encyclopedia
    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 a351 View Post
    The first quarter of FY 2014 began on October 1, 2013 and ended at the beginning on New Years eve. We're about five days away from the end of Q3 presently.
    FY relates to federal government budgets and spending. The US economy as a whole is measured on the calendar year (CY). The quarter under discussion was the first quarter of CY 2014.

    U.S. Economy Contracted in First Quarter by Most in Five Years
    "It's always reassuring to find you've made the right enemies." -- William J. Donovan

  9. #189
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Jack Hays View Post
    FY relates to federal government budgets and spending. The US economy as a whole is measured on the calendar year (CY). The quarter under discussion was the first quarter of CY 2014.

    U.S. Economy Contracted in First Quarter by Most in Five Years
    You're correct. Brain fart on my part.

  10. #190
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    We've seen 3 reasonably "major" chain restaurants close here this month. To be honest that shocks me some since they always seemed busy. The assistant manager to one lives behind me and had a garage sale this weekend. We talked and she said they couldn't raise prices enough to match CA's $9 an hour coming in July. They didn't even want to try. The lease was up and there was no interest on their part to renew and try to make rent and the new wages. The three restaurants we lost were Marie Calendars, Elephant Bar and Outback Steak House. They employed over 200 people.

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