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

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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....
    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.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

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

    Quote Originally Posted by Anthony60 View Post
    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?
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

  3. #233
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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
    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.

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

    Quote Originally Posted by MTAtech View Post
    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

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

    Quote Originally Posted by jonny5 View Post
    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.

  6. #236
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Montecresto View Post
    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

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

    Quote Originally Posted by Mustachio View Post
    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?

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

    Quote Originally Posted by MTAtech View Post
    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

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

    Quote Originally Posted by tres borrachos View Post
    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 .
    Physics is Phun

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

    Quote Originally Posted by uncleray View Post
    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.
    Last edited by Conservative; 06-26-14 at 09:38 AM.

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