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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 Conservative View Post
    What exactly do you believe the 842 billion dollar stimulus did for the economy, a short term drug boost?
    Before I answer that: Are you saying that in your opinion, the $842 billion stimulus -- 1/3 of which was tax breaks -- did, in fact, boost GDP for 4 years?


    You don't think Obamacare, wealth redistribution, threats of higher taxes impact a private sector economy?
    I believe the ACA in the short term hasn't had a big effect on the private sector, and in the long term will be beneficial.

    I know, for a fact, that most of the job losses over the past several years have been in the public sector. The private sector has added jobs.

    I believe that "threats of higher taxes" aren't going to have a big impact, especially when the reality of those tax increases are quite small.


    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?
    I think you're blowing one quarter's data utterly out of proportion.

    Job growth is slowly recovering. Not where we'd want it to be, of course, but it's on the right track. One bad quarter is not going to result in massive layoffs, especially since other indicators are positive.

    Obviously, no one likes a negative quarter. But it certainly isn't proof that Obama has locked the US into a permanent downward spiral.

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

    Quote Originally Posted by Slyfox696 View Post
    You are correct.

    Do you deny that (using your source) in the last 12 months, roughly 500,000 jobs have been created in the 25-54 range, even after excluding the 319,000?

    Yes or no, please?

    And do you deny that this is the most importnt age range of the economy?

    Yes or no, please?

    And would you agree 12 months is a much better measure than 3 months?

    Yes or no, please?
    No, no and yes.

    Yes just under 500,000 25-54 age range jobs were created in the last 12 months and yes, the 25-54 age range is (imo) by FAR the most important age range.
    But, no, I think when measuring the present health of the economy you measure recent trends; not previous trends.
    Who cares what the economy did 9 or 12 months ago? What matters is how healthy is it now?
    If someone loses their job, do they say 'well, at least I was working 12 months ago?'
    Doubtful.

    And your 487,000 25-54 range job growth over the past 12 months is lousy (IMO) considering the 25-54 age range makes up over 65% of the entire work force.
    So, roughly 40,000 new jobs per month over the past year in a sector that is 2/3'rd's of the entire work force and probably much higher then that in terms of % of all wages.

    Maybe you think that is good...not me.

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

    This was all predicted from day 1 by anyone that had the slightest clue on how the economy works. Others predicted that we would be on the path to utopia. After all these years, they're still stuck on stu**d.
    "We have met the enemy and they are ours..." -- Oliver Hazard Perry
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by DA60 View Post
    No, no and yes.

    Yes just under 500,000 25-54 age range jobs were created in the last 12 months and yes, the 25-54 age range is (imo) by FAR the most important age range.
    Then I'm glad we agree on the 500,000 job growth. And we partially agree on what's an important range, as I think the most important measure is simply having jobs, regardless of range.

    But, no, I think when measuring the present health of the economy you measure recent trends; not previous trends.
    Then we disagree on what's "recent". 12 months is recent, in my opinion, because it encompasses a full rotation of seasons and it's ESPECIALLY important in the conversation you interjected into regarding Obamacare.

    Who cares what the economy did 9 or 12 months ago? What matters is how healthy is it now?
    Then you'll be somewhat happy that in the last 3 months, we've added 702,000 jobs, right?

    Maybe you think that is good...not me.
    I think adding jobs is good. We've added 702,000 of them in the last three months (excluding revisions). And since the conversation between me and Red was about Obamacare's affect on jobs, I think it's been shown we're having good job growth with Obamacare.

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

    Quote Originally Posted by Slyfox696 View Post
    Then I'm glad we agree on the 500,000 job growth. And we partially agree on what's an important range, as I think the most important measure is simply having jobs, regardless of range.

    Then we disagree on what's "recent". 12 months is recent, in my opinion, because it encompasses a full rotation of seasons and it's ESPECIALLY important in the conversation you interjected into regarding Obamacare.

    Then you'll be somewhat happy that in the last 3 months, we've added 702,000 jobs, right?

    I think adding jobs is good. We've added 702,000 of them in the last three months (excluding revisions). And since the conversation between me and Red was about Obamacare's affect on jobs, I think it's been shown we're having good job growth with Obamacare.
    I could care less how many jobs were created if there was a huge net loss in the 25-54 age range during that period.
    IMO, it is impossible to have solid, long term growth while the 25-54 age range is losing jobs.


    So you think the last three months (when a total of 200,000 jobs in the 25-54 age range were lost) were good ones?

    Yes or no, please?

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

    Of course, the DOW is up...probably because Wall Street knows that lousy GDP numbers means more stimuli from the Fed.

    The Fed economy - up is down and down is up.

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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
    Thank you!
    "Being President doesn't change who you are, it reveals who you are"

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

    Quote Originally Posted by Conservative View Post
    Amazing, isn't it, the first rough winter in history?
    Of course it isn't. It also isn't the first winter that's had an effect on GDP growth.

    Oh, and is this what failure looks like?




    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.
    "Wealth redistribution?" You mean the dramatic increase in economic inequality, the highest in the US since the 1920s?

    What policies do you genuinely interpret as massively redistributing wealth? Obama barely squeaked in one small tax hike on the super-rich. Obama didn't change the criteria for TANF or AFDC. Is extending unemployment what you're referring to?

    "Attacks" on the coal industry? You mean, promoting natural gas? And proposing policies that won't take an effect for several years, that's going to cause a drop in GDP in a single quarter?

    Now, I might agree that the ACA had a small effect -- in that again, health care spending went down. As in, people are spending less on health care, including insurance. Some of that might be linked to the ACA. However, that's not going to result in massive waves of layoffs.

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

    Quote Originally Posted by DA60 View Post
    I could care less how many jobs were created if there was a huge net loss in the 25-54 age range during that period.
    Just some friendly advice, you probably mean you could not care less.

    IMO, it is impossible to have solid, long term growth while the 25-54 age range is losing jobs.


    So you think the last three months (when a total of 200,000 jobs in the 25-54 age range were lost) were good ones?

    Yes or no, please?
    I think the trend is a positive one and I think when nearly 3 quarter of a million jobs are created in three months, it's a good thing.

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

    Quote Originally Posted by Anthony60 View Post
    This was all predicted from day 1 by anyone that had the slightest clue on how the economy works.
    Oh? Who 16 quarters of growth, and 2 negative quarters, since the end of the recession?

    Or are you really just seizing on any economic bad news, and using that to claim the entire economy went down the tubes 3 months ago?


    Others predicted that we would be on the path to utopia.
    No one predicted "utopia." But thanks for the straw man.

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