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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[W:487:681]

    Quote Originally Posted by Conservative View Post
    So all the credit is gone? Where do you get that information?
    Extreme much?
    Einstein, "science without religion is lame, religion without science is blind."

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

    Quote Originally Posted by grip View Post
    Extreme much?
    Didn't you say that all the credit was gone? I don't project at all, I post data and facts along with my interpretation of that data

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

    Quote Originally Posted by Conservative View Post
    Didn't you say that all the credit was gone? I don't project at all, I post data and facts along with my interpretation of that data
    Being so literal doesn't make your statements seem any smarter, it just makes them appear desperately literal.
    Einstein, "science without religion is lame, religion without science is blind."

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

    Quote Originally Posted by grip View Post
    Being so literal doesn't make your statements seem any smarter, it just makes them appear desperately literal.
    Your statement and what I responded to

    With all the credit gone that was offered by the banks and investors the economy had to shrink.

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

    Quote Originally Posted by Conservative View Post
    Your statement and what I responded to
    Ahhh,,, you couldn't separate "all" from "excessive" amounts of credit? I'd really roll my eyes if I had to be literal with you on every comment. Let's just say you weren't capable of understanding what I meant.
    Einstein, "science without religion is lame, religion without science is blind."

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

    Quote Originally Posted by imagep View Post
    .




    Regardless, no president was going to stand by and let our economy go down the toilet while doing nothing. I don't care who was elected, that person would have pushed for some sort of stimulous program.

    I would have preferred massive tax cuts for the worker/consumer class, and a significant reduction in corporate income tax rates.
    Of course every president prioritizes the economy. Whatever gimmicks his slogan carries, the economic element is a must.
    As for your idea of massive tax cuts, I am a bit doubtful since the government is having a massive debt now and your method will just exacerbate the fiscal burden. Some countries like China, Japan probably want the US to pay its debt. So if they really want that, what can the US government do?
    Passion and Patience

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

    Quote Originally Posted by Fenton View Post
    Lets look at it HONESTLY.

    Obama signed 9 out of the 12 Spending appropriations bills from Pelosi's FY2009 Budget.

    He then passed " Stimulus " ( a pay off to the Unions ) and then ran 3 Consecutive TRILLION dollar plus annual deficits.

    So he lowered deficit spending from 1.3 Trillion down to 600 Billion for the years following ?

    Big damn deal , it still equates to 6 trillion added to our debt in 5 years.

    What are you trying to prove ?
    Wow, with the numbers in front of you, and Reagan's spending on steroids @ 189% against Obama's 16%, you still criticize Obama and give Reagan's tripling of the ND a pass, it would be incredible if it wasn't seen all the time.
    Killing one person is murder, killing 100,000 is foreign policy

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

    Quote Originally Posted by Montecresto View Post
    Wow, with the numbers in front of you, and Reagan's spending on steroids @ 189% against Obama's 16%, you still criticize Obama and give Reagan's tripling of the ND a pass, it would be incredible if it wasn't seen all the time.

    Reagan ?

    Under Reagan's administration there were 35 Million new jobs created. Under Reagan we had the longest period of peace time economic growth in our Nation's History.

    6 years under Obama ? 3 percent contraction with people like you blamin it on the weather.

    Spending in 1983 was 23.5 percent of GDP, in 1989 it was 21.2 percent.
    Last edited by Fenton; 07-08-14 at 02:28 PM.

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

    Quote Originally Posted by Fenton View Post
    Reagan ?

    Under Reagan's administration there were 35 Million new jobs created. Under Reagan we had the longest period of peace time economic growth in our Nation's History.

    6 years under Obama ? 3 percent contraction with people like you blamin it on the weather.

    Spending in 1983 was 23.5 percent of GDP, in 1989 it was 21.2 percent.
    We are talking about the shrinking of the economy, the national debt now and then, and Reagan's tripling of the national debt and our subsequent fall from the largest creditor nation to the largest debtor nation. And thus the reason we are in the horrible shape were in today. Btw, do you know anything other than partisan? Also, I'm no fan of obamanomics either. It seems physical conservatism exists in speak only.
    Killing one person is murder, killing 100,000 is foreign policy

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

    Quote Originally Posted by Montecresto View Post
    We are talking about the shrinking of the economy, the national debt now and then, and Reagan's tripling of the national debt and our subsequent fall from the largest creditor nation to the largest debtor nation. And thus the reason we are in the horrible shape were in today. Btw, do you know anything other than partisan? Also, I'm no fan of obamanomics either. It seems physical conservatism exists in speak only.

    You're being dishonest AGAIN.

    Debt to GDP.

    It shrunk under Reagan, AND we had unprecedented peace time growth

    If you're going to apply that metric to Obama why won't you apply it to Reagan ?

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