Page 65 of 81 FirstFirst ... 1555636465666775 ... LastLast
Results 641 to 650 of 805

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

  1. #641
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 10:20 PM
    Gender
    Lean
    Independent
    Posts
    23,580

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

    Quote Originally Posted by Conservative View Post
    Take a civics class and stop making a fool of yourself. Bush had 8 budget years but only 7 budgets passed. Obama knew the low information voter would buy the claim that it was the Bush deficit when the reality is the Bush budget was never signed or passed by Congress. You obviously believe that if someone proposes spending of your money but that as spending request is never passed by you then any deficit you generate is the person with the proposal, never mind they never spent the money. Makes it easy for you to claim it was their deficit, doesn't it?
    So that will leave Obama with 9 budget years in his 8 years as POTUS.

    If I need to take a civics class, you need to take a class in elementary school mathematics.

    But wait, weren't there like 4 years when no budget was ever passed by congress and not signed by Obama? So should we not blame Obama for those years just because he didn't sign the budgets? Let's just pretend that just because a president doesn't sign something, it didn't exist.
    Last edited by imagep; 07-03-14 at 10:59 AM.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  2. #642
    Sage
    Visbek's Avatar
    Join Date
    Nov 2011
    Last Seen
    Yesterday @ 11:14 PM
    Lean
    Other
    Posts
    9,978

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

    Trade deficit narrowed to $4.4 billion in June.

    " "Recall that the -2.9% annualized drop in Q1 real GDP was primarily due to a plunge in net exports, which subtracted 150 bps from overall output and a slower pace of inventory accumulation, which lopped another 170 bps off of growth," Deutsche Bank economists wrote ahead of the data release."

    Read more: May Trade Balance Narrows To $44.4 Billion - Business Insider

  3. #643
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

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

    Quote Originally Posted by imagep View Post
    So that will leave Obama with 9 budget years in his 8 years as POTUS.

    If I need to take a civics class, you need to take a class in elementary school mathematics.

    But wait, weren't there like 4 years when no budget was ever passed by congress and not signed by Obama? So should we not blame Obama for those years just because he didn't sign the budgets? Let's just pretend that just because a president doesn't sign something, it didn't exist.
    Possibly yes, that is if his fiscal year 2017 budget is passed by Congress and has his signature on it. You don't seem to understand continuing resolutions and who signed them and who actually spent the money. Please tell me how Bush spent the money in fiscal year in 2009 from TX? For someone who claims they didn't vote for Obama you sure defend him but all that does is show your ignorance of civics and economics.

    Please, please take a civics class so you stop making a fool of yourself. Proposals don't authorize spending, they request it. Signed budgets authorize spending

  4. #644
    Sage
    Visbek's Avatar
    Join Date
    Nov 2011
    Last Seen
    Yesterday @ 11:14 PM
    Lean
    Other
    Posts
    9,978

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

    As noted elsewhere:

    Unemployment drops to 6.1%, added 288,000 jobs in June, well above expectations.

    Almost all of it is private sector jobs (281,000).

    It's increasingly likely that Q1's drop was an anomaly, a result of unusual weather and a drop in exports.

  5. #645
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

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

    Quote Originally Posted by Visbek View Post
    Trade deficit narrowed to $4.4 billion in June.

    " "Recall that the -2.9% annualized drop in Q1 real GDP was primarily due to a plunge in net exports, which subtracted 150 bps from overall output and a slower pace of inventory accumulation, which lopped another 170 bps off of growth," Deutsche Bank economists wrote ahead of the data release."

    Read more: May Trade Balance Narrows To $44.4 Billion - Business Insider
    Do you realize that a trade deficit still is a reduction in GDP. Do you know what the four components of GDP are and what they contribute?

  6. #646
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

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

    Quote Originally Posted by Visbek View Post
    As noted elsewhere:

    Unemployment drops to 6.1%, added 288,000 jobs in June, well above expectations.

    Almost all of it is private sector jobs (281,000).

    It's increasingly likely that Q1's drop was an anomaly, a result of unusual weather and a drop in exports.
    Congratulations, Barack Obama, there were only 10 million unemployed, another 700,000 discouraged and more part time employees in June. Great job!! Amazing how we are now 7 years after the beginning of the recession and still there are fewer people employed than when the recession began. Liberals have such low expectations.

  7. #647
    Sage

    Join Date
    Oct 2007
    Location
    New York
    Last Seen
    11-28-17 @ 04:47 PM
    Gender
    Lean
    Centrist
    Posts
    11,690

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

    Quote Originally Posted by Conservative View Post
    Do you realize that a trade deficit still is a reduction in GDP. Do you know what the four components of GDP are and what they contribute?
    For 2014 Q1:

    Personal Consumption Expenditures: 68.6% of Real GDP
    Gross Private Domestic Investment: 16.2% of Real GDP
    Net Exports: -2.8% of Real GDP
    Government: 18.1% of Real GDP


    It should also be noted that trade (exports + imports) accounted for 28.3% of Real GDP.

  8. #648
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

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

    Quote Originally Posted by donsutherland1 View Post
    For 2014 Q1:

    Personal Consumption Expenditures: 68.6% of Real GDP
    Gross Private Domestic Investment: 16.2% of Real GDP
    Net Exports: -2.8% of Real GDP
    Government: 18.1% of Real GDP


    It should also be noted that trade (exports + imports) accounted for 28.3% of Real GDP.

    Do we pay debt service on real or nominal debt? Love how liberals love using "real" inflation adjusted numbers when it seems to suit them.

    Thanks for posting the four components, maybe that will educate some here who will note that the reduction in the trade deficit still had a negative affect on GDP and that personal consumption is the number one GDP component meaning that people keeping more of what they earn has a bigger affect on GDP Than govt. spending

  9. #649
    Villiage Idiot
    imagep's Avatar
    Join Date
    May 2010
    Location
    Upstate SC
    Last Seen
    Yesterday @ 10:20 PM
    Gender
    Lean
    Independent
    Posts
    23,580

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

    Quote Originally Posted by Conservative View Post
    Congratulations, Barack Obama, there were only 10 million unemployed, another 700,000 discouraged and more part time employees in June. Great job!! Amazing how we are now 7 years after the beginning of the recession and still there are fewer people employed than when the recession began. Liberals have such low expectations.
    I will take part time jobs over no jobs any day of the week.

    Where did you get the discouraged figures from? Are those discouraged workers or are those baby boomers who are retiring?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  10. #650
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 02:37 PM
    Gender
    Lean
    Conservative
    Posts
    67,250

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

    Quote Originally Posted by imagep View Post
    I will take part time jobs over no jobs any day of the week.

    Where did you get the discouraged figures from? Are those discouraged workers or are those baby boomers who are retiring?
    Good, because that is what you are getting in this booming Obama economy. Discouraged workers have nothing to do with retirees. Just another subject you know little about but profess to be an expert on. You simply cannot admit you are wrong on any topic yet your posts prove you know so little.

Page 65 of 81 FirstFirst ... 1555636465666775 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •