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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 imagep View Post
    Correct. Thats part of the reason that I do not support Obama, and did not vote for him either time.

    I do advocate for middle class tax breaks and a higher minimum wage to create more demand.
    Do you need a law to tell you what to pay your workers? Why should the govt. mandate a one size fits all law telling others what to pay their workers. Why not let the market decide? Minimum wage is a state issue and the only reason Obama is promoting a minimum wage increase is because union contracts are tied to the percentage change in minimum wage increases. Minimum wages aren't the responsibility of the Federal Govt but rather a state issue along with the businesses in that state. Each state has a different cost of living so tell me why the Federal bureaucrats should dictate wages?

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

    Quote Originally Posted by imagep View Post
    You keep talking about Obama, but fail to recognize that his policies are 99% the same as the Bush Policies. There is little difference.
    What leftwing rag did you get that of? Did Bush create ACA? Did Bush create a massive stimulus program to bail out unions? did Bush wage a war on individual wealth creation and promote class warfare? Did Bush stop the Keystone Pipeline? Did Bush wage war on the coal industry? There is plenty of difference between Obama and Bush but only ideologues want to try and link the two because the results are worse.

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

    Quote Originally Posted by Visbek View Post
    Yet more red herrings.

    Walgreens is not even remotely considering moving its corporate HQ to Switzerland because of Obamacare, EPA policies, a slight bump in top-end tax rates, regulations, Keystone and so forth.

    Walgreens is considering moving its corporate HQ because that's where its new parent exists, and because it might let them exploit a huge corporate tax loophole.

    Think Walgreens would consider the move were it not for Obamanomics? There is a reason that small businesses aren't hiring and growing. You continue to spout the same old liberal leftwing rhetoric as if it is business's fault for the economic policies being implemented. Sorry but that isn't reality. I only see more diversion and never an answer to a direct question. that is what liberals do, divert, distort, and throw out red herrings.

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

    Quote Originally Posted by MMC View Post
    /snip
    It just makes me think of Blockbusters. As the environment changes, so do the goods and services required to service that area. If you are making buggy whips in the day of the car...you will find yourself unemployed.
    We went from sticks and stones may break my bones but words will never hurt me to safe spaces.

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

    Quote Originally Posted by Conservative View Post
    Think Walgreens would consider the move were it not for Obamanomics?
    Yes. Absolutely and without question.

    Do you even understand what Walgreens is considering? They were acquired by a Swiss company. They aren't going to close any stores, they aren't going to fire any US staff. All they are going to do is change their legal status from a US corporation to a Swiss corporation, which will let them exploit a huge tax loophole (possibly $4 billion over 5 years). This is happening just 2 years after they took a big tax credit from the state of Illinois.

    Their obligations under the ACA won't change. They aren't affected by Keystone. They weren't acquired by a Swiss company because the CEO got a 4% tax hike this year. None of the stuff you posted is relevant to this possible change of its tax home.


    There is a reason that small businesses aren't hiring and growing.
    Walgreens isn't a "small business." They're the largest pharmacy chain in the US. They had nearly $1 billion in sales last year with over 8000 stores. They've been acquiring other chains and expanding.


    You continue to spout the same old liberal leftwing rhetoric as if it is business's fault for the economic policies being implemented....
    And you apparently continue to do anything you can to dump on the economic indicators that *might* show that Q2 will be in positive territory, and that Q1 was an anomaly.

    What are you going to say if Q2 shows a healthy increase in GPD?
    Last edited by Visbek; 07-02-14 at 11:46 AM.

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

    Quote Originally Posted by imagep View Post
    Why is it bad that the workforce participation rate is lowest in years?

    That just means that we have a larger percent of our workforce that is financially secure enough that they don't have to work. Some of those people are in college, or retired, or have decided to be housemakers or stay at home moms and dads. Thirty years ago, back when conservatives talked about things like "values" and "family" and "education", those were thought to be good things, but now conservatives seem to be the anti-values/family/education party.

    Also, if todays workforce participation rate is still higher than at any point prior to 1978, so in a way we are returning to the "good ole days".

    PS - I believe that I read that as of last month all jobs lost during the Great Bush Recession had been recovered and that we now have a record number of jobs in the USA.
    Several points:

    While retirements explain part of the drop in labor force participation, one can't conclude that most or all of the drop is benign. At least some share of people who are pursuing education might actually have a preference of working. Education, of course, should provide them with greater labor market flexibility.

    Most importantly, even as total employment is approaching pre-Recession levels (the recession began in 2007 Q4), a number of indicators remain quite problematic. Data related to the duration of unemployment, the share of long-term unemployed, broader unemployment measures, and information about people not in the labor force remain notably worse than they were just prior to the recession. Put simply, structural unemployment (jobs-skills mismatch) is greater than it was prior to the recession. Structural unemployment is more difficult to address than cyclical unemployment, as it has causes that go beyond the strength of the economy. Some of its remedies are long-term in nature e.g., education/training, and those remedies depend, in part, on fiscal investments that can be constrained by overall fiscal realities (e.g., deficits) and priorities.

    Select data:


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

    Quote Originally Posted by Visbek View Post
    Thanks for the red herrings.

    The increasing efficiency of retail, the move online, and shrinking of this type of employment are long-term trends. It doesn't alter the fact that there was just a big jump in retail spending, which (again, keeping on track with the thread) indicates that the bad Q1 results do NOT indicate some fundamental weakness of the economy.

    Are you guys really going to distract from every bit of positive economic news this week? Seriously?


    Yeah, and the loss of jobs that will not be returning. Plays more into that truth about BO's economy.

    Moreover I never said anything about that Retail catching a slight jump.

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

    Quote Originally Posted by Visbek View Post
    Yes. Absolutely and without question.

    Do you even understand what Walgreens is considering? They were acquired by a Swiss company. They aren't going to close any stores, they aren't going to fire any US staff. All they are going to do is change their legal status from a US corporation to a Swiss corporation, which will let them exploit a huge tax loophole (possibly $4 billion over 5 years). This is happening just 2 years after they took a big tax credit from the state of Illinois.



    Walgreens isn't a "small business." They're the largest pharmacy chain in the US. They had nearly $1 billion in sales last year with over 8000 stores. They've been acquiring other chains and expanding.



    And you apparently continue to do anything you can to dump on the economic indicators that *might* show that Q2 will be in positive territory, and that Q1 was an anomaly.

    What are you going to say if Q2 shows a healthy increase in GPD?
    Sorry, wasn't clear when I talked about small businesses as that was never intended to be Walgreens, but it is the small businesses that are the engine that drives the U.S. economy and those are the businesses hurting under Obama.

    Yes, I will continue to "dump" on Obama because he is clueless and has no concept as to how the private sector works. Only a true liberal will ignore actual economic policies and results picking and choosing which policy or which result supposedly supports their point of view. Such low standards you have. After the recession we had we should have seen 7+% economic growth but not under Obama where 2% is acceptable.

    What am I going to say? It should have been better and would have been better because the base is so low.

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

    Quote Originally Posted by Blue_State View Post
    It just makes me think of Blockbusters. As the environment changes, so do the goods and services required to service that area. If you are making buggy whips in the day of the car...you will find yourself unemployed.

    Heya Blue State. That's a good example. But like what I had put up shows those jobs wont be returning or filled ever again. All businesses that will no long be making money nor hiring any. Nor selling any products.


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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. 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.
    Can repealing Obamacare instantly solve the problem?I guess there are other factors contributing to this ongoing recession.
    Passion and Patience

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