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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 Montecresto View Post
    And there are no similarities between truth and partisan talking points.
    What ''talking points ?

    I'm a Conservative, so I'm not really accustomed using talking points.

    Im great at identifying them, when people like you devolve down to using then.

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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
    What ''talking points ?

    I'm a Conservative, so I'm not really accustomed using talking points.

    Im great at identifying them, when people like you devolve down to using then.
    All partisans such as yourself use the daily talking points memo, both sides. Now if your criticisms of US policy, both domestic and foreign, were fair and balanced, that is to say, you called out ALL wrong doing, not just wrong doing you observe in the Democratic Party, then you wouldn't find yourself labeled such.
    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]

    842. GDP cheating to assure a prosperous stock market (7/6/2014)

    Although the GDP of the first quarter of 2014 is the sharpest decline in five years, another index of economy goes in contrary way. The Dow Jones index reaches its history high(over 17,000) on July 3, 2014. Since April – despite the poor economy that GDP suffered a big loss – the stock market remains in high level. Obviously, the ruler of this country is planning a rising stock market trap. They don’t want the bad news of fallen GDP to interrupt their plan. Then we saw this dramatic GDP cheating opera. They deliberately put the original report of first quarter GDP having 0.1% increase. That’s the minimum unit to separate two thorough different worlds – positive and negative. With this small 0.1%, people thought the US economy was still increasing, though at the cliff of recession. With other cheating method and propaganda, they keep Americans in a dream that US economy is going to prosperous. Here is how Dow Jones index kept rushing to its recent peak – watch the timing (from April to June) while actually economy is in recession.


    Dow Highest Closing Record

    The Dow historical closing high is 16,947.08 set June 20, 2014. Normally, investors say "sell in May," but that's why you can't time the market. The Dow is on a winning streak, after falling to 15,372.80 on February 3. Here's this year's streak:

    •16,945.92 on June 10
    •16,943.10 on June 9
    •16,924.28 on June 6
    •16,836.11 on June 5
    •16,743.63 on June 2
    • 16,717.17 on May 30
    •16,715.44 on May 13
    •16,695.47 on May 12
    •16,583.34 on May 9
    •16,580.84 on April 30
    Be noticed that April 30 was the day they gave original report of the first quarter GDP. Could you see from this chart how they build this upward ladder to lure innocent people in to join this “rush to pick up the peak fruit” movement?


    843. Psychological trick (7/10/2014)

    All the three claimed figures of the first quarter GDP were meticulously selected to make it a smooth cheating.

    1. They said it increased 0.1%. A minimum number of 0.1 to make it a positive increase.
    2. They said it decreased 1.0%. 1 is the smallest integer, next to 1 is 0. So they hint it’s a smallest decrease.
    3. They said it decreased 2.9%. People know the merchants used to price the merchandise at 99 cents. It’s a psychological gimmick. They used the same trick to avoid an upper numerical grade.

    They split the decrease number in three gradual decreasing number, buffered the impact on people psychologically. With other cheating method, they successfully push the stock market to history high while US economy is in recession.
    They invent another method to calculate the unemployment and say It is only 6.1% right now. They told you so while actually one third of Americans are unemployed.

    People in government lie to us because they can

    When faced with the highest levels of unemployment in American History why does the government trumpet a falling unemployment rate?

    By Dr. Robert Owens

    (INTELLIHUB) –
    The Corporations Once Known as the Mainstream Media regales us with oxymoronic statements such as, “Despite the unemployment rate plummeting, more than 92 million Americans remain out of the labor force.” The Great Recession grinds on in the lives of everyday working people while our leaders talk about a recovery that only benefits them and their cronies.

    People in government lie to us because they can - Intellihub.com

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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
    All partisans such as yourself use the daily talking points memo, both sides. Now if your criticisms of US policy, both domestic and foreign, were fair and balanced, that is to say, you called out ALL wrong doing, not just wrong doing you observe in the Democratic Party, then you wouldn't find yourself labeled such.
    Bwahahaha !

    Pot meet kettle.

    To be accused of being partisan by someone who bought the whole " Bush lied people died " narrative hook, line and sinker is rich.

    Here's your problem. You have to continue to attempt to draw parallels from Obama to past administrations because you're a loyal left wing partisan but can no longer ignore his failures

    But your mitigations are still arbitrary and influenced by your ideology and better yet, influenced by stale and warmed over left wing talking points.

    Its boring listening to you dredge up 10 year old empty platitudes about Bush.

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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
    Bwahahaha !

    Pot meet kettle.

    To be accused of being partisan by someone who bought the whole " Bush lied people died " narrative hook, line and sinker is rich.

    Here's your problem. You have to continue to attempt to draw parallels from Obama to past administrations because you're a loyal left wing partisan but can no longer ignore his failures

    But your mitigations are still arbitrary and influenced by your ideology and better yet, influenced by stale and warmed over left wing talking points.

    Its boring listening to you dredge up 10 year old empty platitudes about Bush.
    Except for one thing. I don't defend this president on everything he does, as you will find from the partisan left on this board. Can you post links of me defending Obamacare, his drone program, his border policy, his use of the military in the ME, his provocations to China in the WestPac, no you can't. What you will find however is that I'm critical of all that. And that is what legitimises my critique of Bush or any other of Obama's predecessors. If one only criticises the opposing party, such as yourself, then he is a partisan.
    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]

    Reaffirming the continuation of a narrative of modest to occasionally moderate growth, GDP rebounded in Q2. Real GDP grew at an annualized 4.0% rate compared with the annualized 2.1% contraction in Q1.

    http://www.bea.gov/newsreleases/nati...dp2q14_adv.pdf

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

    Quote Originally Posted by donsutherland1 View Post
    Reaffirming the continuation of a narrative of modest to occasionally moderate growth, GDP rebounded in Q2. Real GDP grew at an annualized 4.0% rate compared with the annualized 2.1% contraction in Q1.

    http://www.bea.gov/newsreleases/nati...dp2q14_adv.pdf
    I suppose some will look at this as a positive rebound when the reality is the economy is stagnant at best and far too many people have such low standards that they accept the low economic growth, high unemployment, and high debt as the new normal. This country wasn't built on low standards, goals, and expectations.

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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
    I suppose some will look at this as a positive rebound when the reality is the economy is stagnant at best and far too many people have such low standards that they accept the low economic growth, high unemployment, and high debt as the new normal. This country wasn't built on low standards, goals, and expectations.
    I'd like to see growth sustained at more robust levels. But this report is important as it puts aside concerns that the U.S. was slipping into a new recession, concerns most economists did not share.

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

    Quote Originally Posted by donsutherland1 View Post
    I'd like to see growth sustained at more robust levels. But this report is important as it puts aside concerns that the U.S. was slipping into a new recession, concerns most economists did not share.

    The traditional definition of a recession doesn't seem to apply to the millions of unemployed/under employed/discouraged workers who seem to be in more of a depression than recession. More importantly is the morale of the American people and their lack of confidence in the leadership or should I say lack of leadership we have today. Mindset is so important in our economy as well as our lives and poor leadership or lack of it breeds poor confidence.

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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
    The traditional definition of a recession doesn't seem to apply to the millions of unemployed/under employed/discouraged workers who seem to be in more of a depression than recession. More importantly is the morale of the American people and their lack of confidence in the leadership or should I say lack of leadership we have today. Mindset is so important in our economy as well as our lives and poor leadership or lack of it breeds poor confidence.
    The point about the still elevated figures of long-duration unemployment (and broader measures) is a fair one. It should also be of concern to policy makers, as skills erode, relevant job networks shrink, etc., as the duration of unemployment increases.

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