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

  1. #281
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by MTAtech View Post
    Saint Reagan blamed his predecessor too. This is from his 1983 State of The Union Address:
    What does that have to do with what I wrote? I don't think calamity was ever POTUS. Why are you comparing Reagan to calamity or thinking he has anything to do with what I wrote?

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

    Nothing that conservatives haven't seen coming for at least the last 6 years. Conservative foresight > Liberal hindsight.

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

    Quote Originally Posted by jonny5 View Post
    Liberals will just tell you it was needed to keep us out of a depression, or it was Bush's tax cuts for the rich, or unfunded wars. There is no winning with them.
    It's not just a liberal thing. It's something that grips and perpetuates a faulty system. It is partisanship. The blame of all that's wrong in Washington is on the partisans that protect their party first and America second. Democrats hate EO's when there's a republican president and vice versa. Democrats hate the use of the IRS against political rivals when there's a republican president, and of course the opposite is true, and I could go on like that all day. The point is, partisanship is the greatest enemy attacked the least.

    Oh, and the Bush tax cuts did primarily benefit the rich.

    Ending Bush tax cuts for rich would save about $28 billion in 2013, analysts say.

    Ending Bush tax cuts for rich would save about $28 billion in 2013, analysts say - The Washington Post
    Killing one person is murder, killing 100,000 is foreign policy

  4. #284
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by NIMBY View Post
    Howq many of those bills don't have legislative riders and poison pills ?
    Don't know, do you? Have you seen the bills? What is the problem with publishing them and letting them be debated? Still waiting for an explanation as to where those shovels went?

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

    Quote Originally Posted by Taylor View Post
    Gee, you think?

    Given enough time, even the "experts" are able to figure it out.
    Yeah, the folks living paycheck to paycheck are invariably the first to realize something is wrong.
    Give a man a fish and he eats for a day. Teach a man to fish and he stops voting for the Free Fish party.

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

    Quote Originally Posted by Montecresto View Post
    I think the Obama presidency is a failure on par with the Bush and Reagan presidencies. Why are you attaching a liberal label on me?

    However, neither Obama or the next president will be repairing the damage of Reaganomics!

    You can see this trend today in America. When we had heavily regulated and taxed capitalism in the post-war era, the largest employer in America was General Motors, and they paid working people what would be, in today’s dollars, about $50 an hour with benefits. Reagan began deregulating and cutting taxes on capitalism in 1981, and today, with more classical “raw capitalism,” what we call “Reaganomics,” or “supply side economics,” our nation’s largest employer is WalMart and they pay around $10 an hour.
    So let me see if I have this right, Reagan's Presidency was a failure because he had a 1.7 trillion dollar debt in a 5.2 trillion dollar economy that created 17 million jobs, doubled GDP, increased govt. income tax revenue 60%, won every state but one in 1984, and created a peace dividend? Interesting logic on your part.'

    I can see from your posts why capitalism is a problem for you. I didn't have any problem growing up with personal responsibility and not expecting the govt. to take care of me as long as I had family and could take care of myself. Interesting logic on your part

    Your apparently hatred for big business ignores the reality that people don't have to shop at Walmart but do and that really must piss you off?

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

    Quote Originally Posted by MTAtech View Post
    The delusion that we never had good growth until Reagan came along is very widespread among the right-wing; somehow the whole postwar generation, in which everyone’s incomes doubled, has been erased from memory. But it’s still there in the national accounts:



    You also write of Reagan's job creation numbers as if they were miraculous. Jimmy Carter's administration presided over 10,339,000 jobs created in four years -- a higher rate per year than Reagan's 17,000,000 in eight-years. Clinton presided over 22,000,000 in eight-years.

    Moreover, you snidely imply that the stimulus did not create jobs. That is factually incorrect, as economists attribute millions of jobs to the stimulus.
    What leftwing blog did you get that information from? You simply have no idea what you are talking about, BLS has the job creation numbers not those leftwing blogs but the reality is Reagan inherited a double dip recession, one in 1980 and another in 81-82 which of course you want to ignore and blame on Reagan even though Reagan's policies were not even implemented until August of 1981 and only 1/3 of the tax cuts. Nice revisionist history that liberals like you will cheer.

    Interesting how economists measure jobs saved, name for me any official site that does that? Speculation is what liberals like you always do but BLS.gov, doesn't show those created jobs as we have fewer people working today than when the recession began. I suggest that you stop letting the leftwing blogs make a fool out of you

  8. #288
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    ROFLMAO, interesting how BLS, BEA, and the Treasury disagrees with an op ed piece from the Orlando Liberal Examiner. You people are really desperate to save an incompetent in the WH

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

    Quote Originally Posted by MTAtech View Post
    Bad argument too.

    Conservatives don't want to cloud their opinion with graphs derived from data.
    I have no problem with official graphs coming from actual data like bls.gov, bea.gov, and the U.S. Treasury. I have posted them over and over again but as usual some liberal rag trumps official data

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

    Quote Originally Posted by Conservative View Post
    So let me see if I have this right, Reagan's Presidency was a failure because he had a 1.7 trillion dollar debt in a 5.2 trillion dollar economy that created 17 million jobs, doubled GDP, increased govt. income tax revenue 60%, won every state but one in 1984, and created a peace dividend? Interesting logic on your part.'

    I can see from your posts why capitalism is a problem for you. I didn't have any problem growing up with personal responsibility and not expecting the govt. to take care of me as long as I had family and could take care of myself. Interesting logic on your part

    Your apparently hatred for big business ignores the reality that people don't have to shop at Walmart but do and that really must piss you off?
    People DO have to shop at Walmart. And this country suffered under the heavy hand of oppressive big business during the industrial revolution up until the 1930's when regulation, unions and a host of benifits were bestowed upon the working man which resulted in the building of the largest and strongest middle class in history. The war against the unions, as well as deregulation has reversed those gains and the pendulum swings back. But the pendulum never goes over the top, it reaches its extreme and it pushes back in the opposite direction. What's unfortunate is that it rarely/never stops in the middle.

    Capitalism isn't a problem for me, and you haven't seen me make such an argument. Capitalism of necessity must be regulated and governed, because as was pointed out long ago, "men are not angels"

    I don't wish to see an imbalance either way, in favor of labor or business!
    Killing one person is murder, killing 100,000 is foreign policy

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