Page 76 of 81 FirstFirst ... 26667475767778 ... LastLast
Results 751 to 760 of 805

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

  1. #751
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

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

    Quote Originally Posted by Khayembii Communique View Post
    Ah yes, the single time that the economy has had a real annual GDP growth rate at that level in the past 40 years. That sounds like a perfectly reasonable expectation.



    Are you looking at total or Federal government spending? Not that it matters, it's just a line shift but the trend is similar.
    GDP doubled during the Reagan term and 17 millions jobs were created. Reagan had a Democrat controlled House and got things done. Obama doesn't have a clue nor do his supporters.

  2. #752
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

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

    Quote Originally Posted by MTAtech View Post
    The recession of 1981 was nothing similar to the demand-lacking, liquidity trap, recession we have today. The 1981 recession was essential deliberately caused by the Fed raising interest rates to fend off inflation, when they took their foot off the breaks, everything bounced back. It was what economists call a V-shaped recession.
    EDIT:

    That Reagan recover did not "average" 7%. One year it rose for the reason that I mentioned. Overall, the Reagan years under-performed economically.



    This shows what everyone was supposed to know: we had an awesome performance in the generation following the war (despite very high tax rates on the rich and a very strong union movement); we had a long period of poor productivity performance that spanned the Ford, Carter, Reagan, and Bush I administrations; we then had a revival during the Clinton administration, but even so not up to postwar standards. By the way, I don’t give Clinton credit for that revival; it was about learning to use technology. But in any case, there is no hint of a Reagan miracle in the data.

    Attachment 67170408
    Your opinion noted, but the 81-82 recession was a double dip that affected every American, how did this recession affect you and your family?

  3. #753
    Sage
    Khayembii Communique's Avatar
    Join Date
    Nov 2006
    Location
    Milwaukee, WI
    Last Seen
    12-15-17 @ 07:18 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,897

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

    Quote Originally Posted by Conservative View Post
    Your opinion noted, but the 81-82 recession was a double dip that affected every American, how did this recession affect you and your family?
    lol wtf does this have to do with the very obvious data he posted?
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  4. #754
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

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

    Quote Originally Posted by Khayembii Communique View Post
    lol wtf does this have to do with the very obvious data he posted?
    The data posted is distorted and doesn't tell the who story, what does tell the whole story is the fact that GDP doubled, 17 million jobs were created, and Govt. Income tax revenue grew 60% with tax cuts three years in a row.

    Seems that manipulate data is what liberals provide.

    You tell me how this recession affected you and your family vs. the 81-82 recession?

  5. #755
    Sage


    Join Date
    Dec 2013
    Last Seen
    Today @ 11:00 AM
    Gender
    Lean
    Liberal
    Posts
    8,368

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

    Quote Originally Posted by Conservative View Post
    GDP doubled during the Reagan term and 17 millions jobs were created. Reagan had a Democrat controlled House and got things done. Obama doesn't have a clue nor do his supporters.
    Real GDP did not double and the GDP gains under Reagan were not atypical.



    Moreover, under Clinton, job gains were 22 million and percent GDP gains were essentially the same.

    Quote Originally Posted by Conservative View Post
    Your opinion noted, but the 81-82 recession was a double dip that affected every American, how did this recession affect you and your family?
    My family isn't the benchmark. But data is data:

    Last edited by MTAtech; 07-30-14 at 11:45 AM.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

  6. #756
    Sage
    Khayembii Communique's Avatar
    Join Date
    Nov 2006
    Location
    Milwaukee, WI
    Last Seen
    12-15-17 @ 07:18 PM
    Gender
    Lean
    Undisclosed
    Posts
    7,897

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

    Quote Originally Posted by Conservative View Post
    The data posted is distorted and doesn't tell the who story, what does tell the whole story is the fact that GDP doubled, 17 million jobs were created, and Govt. Income tax revenue grew 60% with tax cuts three years in a row.

    Seems that manipulate data is what liberals provide.

    You tell me how this recession affected you and your family vs. the 81-82 recession?
    Real GDP was at 6.49 trillion at the end of 1980 and 8.60 trillion at the end of 1988 so I have no idea where you're getting this "GDP Doubled" idea from. The other items you bring up aren't even relevant because this isn't a "Reagan vs. Obama" discussion but rather the point was made that the 81 recession is not comparable to the 2007 crash which you can't apparently understand?
    "I do not claim that every incident in the history of empire can be explained in directly economic terms. Economic interests are filtered through a political process, policies are implemented by a complex state apparatus, and the whole system generates its own momentum."

  7. #757
    Sage


    eohrnberger's Avatar
    Join Date
    Nov 2013
    Last Seen
    Today @ 02:48 AM
    Gender
    Lean
    Other
    Posts
    24,948
    Blog Entries
    11

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

    It should be noted and blatantly obvious to everyone, that just because at one time higher taxes coincided with a good economy, it has very little to do with reality that some are pushing, which is 'To fix the ailing economy we need to raise taxes'. That's just ludicrous.
    the Fix-is-in Bureau of Investigation

  8. #758
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

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

    Quote Originally Posted by MTAtech View Post
    Real GDP did not double and the GDP gains under Reagan were not atypical.



    Moreover, under Clinton, job gains were 22 million and percent GDP gains were essentially the same.



    My family isn't the benchmark. But data is data:

    Real numbers are irrelevant as they are numbers inflation adjusted and don't take into account that revenue and expenses are the value during the period of time.

    Your family isn't any different than any other family. You were hurt in the 81-82 by high inflation, high interest rates, and malaise, no such thing during this recession.

    By the way I get my GDP numbers from BEA.gov and they went from 2.6 trillion to 5.2 trillion, that is double

  9. #759
    Sage


    Join Date
    Dec 2013
    Last Seen
    Today @ 11:00 AM
    Gender
    Lean
    Liberal
    Posts
    8,368

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

    Quote Originally Posted by eohrnberger View Post
    It should be noted and blatantly obvious to everyone, that just because at one time higher taxes coincided with a good economy, it has very little to do with reality that some are pushing, which is 'To fix the ailing economy we need to raise taxes'. That's just ludicrous.
    I don't know anybody stating that higher taxes are a solution to fixing the economy. Higher taxes are a solution to other problems, however.

    It should go without saying that lower taxes also do not fix economies, unless the taxes are at rates that are confiscatory, and therefore hamper the incentive to earn. That hasn't existed for a long time. The current rates are not confiscatory -- nor were the rates since the 1970s. Only in Ayn Rand novels do people stop working and investing because they have to pay taxes. Nobody gives up to $1,000,000 in income because they have to pay less than $380,000 in taxes.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

  10. #760
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Yesterday @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

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

    Quote Originally Posted by MTAtech View Post
    I don't know anybody stating that higher taxes are a solution to fixing the economy. Higher taxes are a solution to other problems, however.

    It should go without saying that lower taxes also do not fix economies, unless the taxes are at rates that are confiscatory, and therefore hamper the incentive to earn. That hasn't existed for a long time. The current rates are not confiscatory -- nor were the rates since the 1970s.
    Your opinion noted but obviously you have no concept as to the components of GDP with consumer spending making up 2/3 of the GDP. Tell me that putting more money into the hands of the consumers because of bigger take home paychecks due to tax cuts doesn't benefit the consumers? Rates don't matter, what people pay does

Page 76 of 81 FirstFirst ... 26667475767778 ... 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
  •