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

  1. #11
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Y'all crack me up.



    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....

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

    Meh, it'll get better eventually, should be steaming ahead by 2016-2018. Back when this first happened it was predicted at the Bilderberg meeting there would be a decade of stagflation. This is our lost decade and we haven't done enough to fix what caused it, oh well we get what we ask for I guess.

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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.
    Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

    With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

    Source: Bureau of Labor Statistics Data

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

    Quote Originally Posted by Slyfox696 View Post
    Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

    With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

    Source: Bureau of Labor Statistics Data
    obamacare is just a part of the pie there is the billions of dollar in regulation compliance that is costing US jobs as well.
    obama has been one of the most anti-business presidents i have ever seen in my entire life time.

    what does he think will happen by heaping regulation after regulation and mandate after mandate.

    businesses react and they react poorly. he has the worst recovery of a recession ever. the GDP should have been growing at 7-9% a year after the recession ended.
    it hasn't he has been lucky to scrape by at 2. an average economy will be 3-6%.

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

    Quote Originally Posted by Demon of Light View Post
    Given that the first figure they gave was that there was very minor growth, there really is no reason to believe the numbers. However, it seems they cannot ignore that there has been a significant downturn and no one is buying the "it's just the weather" excuse anymore.
    Weather was one issue, but not the only one. There were some fundamental factors, too. State and local government spending decreased and this decrease likely was tied to tax revenue coming in less than what had previously been forecast by the states. Exports also declined at a rate that suggested that weather-related bottlenecks couldn't explain the full decrease. Instead, softer international conditions i.e., continuing headwinds in Europe and also the moderation of growh in some of China's economic sectors, probably played a role.

    Subsequent data continue to point to a pickup with positive growth in Q2. Recent increases in consumer confidence also hint that consumer spending will rebound from Q1 levels.

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

    Quote Originally Posted by Slyfox696 View Post
    Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

    With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

    Source: Bureau of Labor Statistics Data
    Denial is not a river in Egypt. This is the worst non-recession "growth" in 58 years. Anyone that can say that Obamacare has nothing to do with this with a straight face clearly has their head planted firmly where the sun does not shine.
    Welfare (Food Stamps, WIC, etc...) are not entitlements. They are taxpayer funded handouts and shouldn't be called entitlements at all. Social Security and Veteran's benefits are 'Entitlements' because the people receiving them are entitled to them. They were earned and paid for by the recipients.

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

    Quote Originally Posted by Slyfox696 View Post
    Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

    With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

    Source: Bureau of Labor Statistics Data

    There is nothing like facts to knockdown a theory.


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

    Quote Originally Posted by ludin View Post
    obamacare is just a part of the pie there is the billions of dollar in regulation compliance that is costing US jobs as well.
    That may be, but he just mentioned Obamacare.
    Quote Originally Posted by RedAkston View Post
    Denial is not a river in Egypt.
    Agreed, so I suspect you'll go along with the facts which show there is no support for your assertion that Obamacare is killing jobs and job growth. Otherwise, you'll be in Egypt.

    This is the worst non-recession "growth" in 58 years.
    Yes, the worst non-recession growth since the last major economic collapse.

    Let's focus on the facts. The job growth over the last 12 or so months, outside of the harsh winter, has been the strongest it's been in nearly a decade. That includes several years before the economy collapsed. There is simply no evidence that Obamacare is hurting job growth, especially since job growth has, outside of winter, been getting stronger since the individual mandate went into effect.

    Anyone that can say that Obamacare has nothing to do with this with a straight face clearly has their head planted firmly where the sun does not shine.
    Anyone who wants to deny some of the strongest job growth in nearly a decade just so they can blame a policy to which they are opposed is more likely the one with their head up their rear.

    For your assertion that Obamacare is killing jobs/growth, you have to provide evidence to support it, and using a job market which appears to be accelerating is not the way to do it.

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

    Quote Originally Posted by Visbek View Post
    Y'all crack me up.



    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....
    What exactly do you believe the 842 billion dollar stimulus did for the economy, a short term drug boost? Unbelievable that you still believe the liberal rhetoric. You don't think Obamacare, wealth redistribution, threats of higher taxes impact a private sector economy?

    When you come off a recession like we did in June 2009 this economic growth is a disaster as is the job creation and yet the best you can do is continue to nod your head in approval of Obamanomcs?

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

    Quote Originally Posted by pbrauer View Post
    There is nothing like facts to knockdown a theory.
    Amazing, isn't it, the first rough winter in history? You people are absolutely amazing. Isn't it interesting that all those discouraged workers over the years apparently faced those miserable winters prior to 2014? Obviously wealth redistribution, threats of higher taxes, attacks on the coal industry, increased regulations, Obamacare had nothing to do with it. You people do live in a dream world.

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