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

So you are saying chained dollars are a liberal conspiracy??? :confused:

Not at all, just irrelevant based upon the times and the results generated. They may make you feel better about Obama but I suggest you apply the same standards to Obama and you will see the results are a disaster.
 
Not at all, just irrelevant based upon the times and the results generated. They may make you feel better about Obama but I suggest you apply the same standards to Obama and you will see the results are a disaster.

If I apply the same standards to Obama and see that the results are a disaster, how would that make me feel better about Obama?
 
If I apply the same standards to Obama and see that the results are a disaster, how would that make me feel better about Obama?

They won't be better thus there is nothing you can do to make me feel better about Obama who is nothing more than a campaigner empty suit without any leadership skills. Listen to the rhetoric and tell me who that motivates. He promotes division, gloom and doom, and sets a very poor example for anyone else to follow
 
Right, and of course there are no resources in California or along the East Coast. It is very easy to show what you are unwilling to accept, red states have a growing population, growing job market and a growing GDP. What is wrong with people like you, jealousy trumps reality. Steal shamelessly and you could create a Red state economy in your blue state

Ahem, employment in California is up 3.6 percent in the past 18 months, compared with a national average of 2.8 percent and, yes, the budget is back in surplus. I expect no soul-searching among you prophets of California doom, asking why you were so wrong? Nah.
 
Understand completely, doesn't change the fact that the money generated in the 80's or as you pointed out in the 30's is in 80's and 30's dollars both in revenue and expenses. Reagan took an economy from 2.6 trillion to 5.2 trillion in 8 years. Bush took an economy from 10 trillion to 14.4 trillion in 8 years, Obama has taken a 14.4 trillion dollar economy to 16.5 trillion. Reagan debt was 1.7 trillion on that 5.2 trillion dollar economy, Bush debt was 10.6 trillion on a 14.4 trillion economy. Obama's 16.5 trillion dollar economy is on a 17.6 trillion debt. you tell me about inflation and results?
Correction, when Reagan took office, GDP was $3.2 trillion not $2.6 trillion. Thus, he did not double GDP.

Seems like you skipped right over Clinton and Bush I. I am sure that was purely accidental.

Let's see (we'll use your unadjusted for GDP figures:

Clinton: $6.4 trillion to $10.4 trillion (+62.5%)
fredgraph.png


Bush I:
fredgraph.png
 
Ahem, employment in California is up 3.6 percent in the past 18 months, compared with a national average of 2.8 percent and, yes, the budget is back in surplus. I expect no soul-searching among you prophets of California doom, asking why you were so wrong? Nah.

Really? California is doing great, a new liberal success story, Unemployment 7.4% ranking near the bottom, Unemployment Rates for States

California has the highest number in the nation below the poverty level, the most in the nation earning a minimum wage, billions in long term debt but this is a success to you? Percentage change must make you feel good but not when you put a face on those percentages, over 1.5 million making California minimum wage, highest numbers in poverty, jobs leaving the state yet illegals entering the state to take advantage of the California free lunch paid for by the taxpayers. This your idea of a success?
 
Seems like you skipped right over Clinton and Bush I. I am sure that was purely accidental.

Let's see (we'll use your unadjusted for GDP figures:

Clinton: $6.4 trillion to $10.4 trillion (+62.5%)
fredgraph.png


Bush I:
fredgraph.png

Seems you slipped over the reality of a Republican Congress during the Clinton term, implementation of the Contract with America and the tax cut of 1997. Not surprising, you have selective research skills.
 
Ahem, employment in California is up 3.6 percent in the past 18 months, compared with a national average of 2.8 percent and, yes, the budget is back in surplus. I expect no soul-searching among you prophets of California doom, asking why you were so wrong? Nah.

Oh, by the way, what is that Wall of debt being talked about in California?

We should remain laser-focused on paying down the Wall of Debt, reversing the many accounting gimmicks to which we’ve become addicted and keeping the State as liquid as possible to avoid experiencing the payment delays and IOUs that plagued our State during the Great Recession."
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

The only thing that has been keeping the economy "growing" is the insane influx of QE dollars into the market. The stock market growth has not been an indicator of a growing economy, it is the bellwether of coming hyper-inflation the likes of which we haven't seen since the Carter administration.

Wait for the Wall Street bubble to burst.
 
Tripling the debt to 2.6 trillion dollars and creating 17 million jobs along with doubling GDP is a pretty good use of money in a 5.2 trillion dollar economy. What percentage of GDP is that 2.6 trillion vs. what it is today?

Our economy had a lot of help in crashing. The problem is Obama said he had the answers, he ran for the job and now he is running from the results he has generated.

Every candidate tells the electorate he/she has the answer to the problems, rarely is that true. Your problem is that you think only the democrats lack solutions. Bush 2 double the ND and crashed our economy!!
 
Well, given that many multinational corporations which were based in the US are entertaining 'inversions' to take themselves off shore, seems that we have an answer if their US tax rates are confiscatory or not. Yes?
No.

When a company does an inversion, they aren't swapping a US tax rate for that of another country. Because they have become a foreign nation, their US sales get taxed at a different rate. They are simply exploiting a loophole.

So if a company's corporate tax rate was 10%, and by doing an inversion they can cut it to 5%, they'd still do it. Not because 10% is "extortionate," but because it would cut their tax bill in half.

The reality is that corporate tax rates for many industries are fairly reasonable, and are within line of most other industrialized nations. We aren't charging 90% marginal tax rates, and most effective corporate tax rates are in the 20% range. They're just doing it to cut their tax bills, which will increase their profits. They won't lower their prices, it does nothing for consumers, it means billions of tax revenues lost. And it certainly doesn't prove that US tax rates are "confiscatory."
 
Right, and of course there are no resources in California or along the East Coast.

Well, at least not any natural resources that you are allowed to exploit on either of those coasts.

It is very easy to show what you are unwilling to accept, red states have a growing population, growing job market and a growing GDP. What is wrong with people like you, jealousy trumps reality. Steal shamelessly and you could create a Red state economy in your blue state
 
Correction, when Reagan took office, GDP was $3.2 trillion not $2.6 trillion. Thus, he did not double GDP.

Seems like you skipped right over Clinton and Bush I. I am sure that was purely accidental.

Let's see (we'll use your unadjusted for GDP figures:

Clinton: $6.4 trillion to $10.4 trillion (+62.5%)
fredgraph.png


Bush I:
fredgraph.png

By the way the election was in 1980 so Reagan's first year was 1981. The 1980 GDP was 2.8 and when it went to 5.7 in 1989. Looks pretty close to doubling to me, 2.8 to 5.6. You posted the 1981 GDP number
 
Right, and of course there are no resources in California or along the East Coast. It is very easy to show what you are unwilling to accept, red states have a growing population, growing job market and a growing GDP. What is wrong with people like you, jealousy trumps reality. Steal shamelessly and you could create a Red state economy in your blue state

Yes there are resources in California...I don't care. I want proof that red states as a whole are doing better economically than blue states. Proof...statistic?

I bet you won't respond, or if you do, you'll simply deflect sans stats or anything worthwhile
 
Yes there are resources in California...I don't care. I want proof that red states as a whole are doing better economically than blue states. Proof...statistic?

I bet you won't respond, or if you do, you'll simply deflect sans stats or anything worthwhile

They are easy to find, go to BLS.gov for the unemployment and employment numbers, Census bureau for the population, and Google economic results by state. Of course you want me to do that for you because then you can denounce them. Doing the research will prove my statement true.

What facts do you want me to provide?

Here are the June unemployment numbers by state, how many of the top 20 are Red States?

http://www.bls.gov/web/laus/laumstrk.htm
 
They are easy to find, go to BLS.gov for the unemployment and employment numbers, Census bureau for the population, and Google economic results by state. Of course you want me to do that for you because then you can denounce them. Doing the research will prove my statement true.

What facts do you want me to provide?

Here are the June unemployment numbers by state, how many of the top 20 are Red States?

Unemployment Rates for States



I think it was 12/13?

Why do I want you to find the statistics?? because you were the person who claimed that Red states economically carried the country in spite of blue states... Prove it. Unemployment percentage is only one metric, that too a metric that does not necessarily warrant your claim


Pro-Democrat group says 9 of the 10 poorest states are Republican | PolitiFact Rhode Island

GOP States Are The Most Dependent On Government

Anyways you're going to ignore those numbers by disputing the source, even if the NUMBER's themselves are valid.
 
I think it was 12/13?

Why do I want you to find the statistics?? because you were the person who claimed that Red states economically carried the country in spite of blue states... Prove it. Unemployment percentage is only one metric, that too a metric that does not necessarily warrant your claim


Pro-Democrat group says 9 of the 10 poorest states are Republican | PolitiFact Rhode Island

GOP States Are The Most Dependent On Government

Anyways you're going to ignore those numbers by disputing the source, even if the NUMBER's themselves are valid.


What statistics do you want?

Stop buying the Democrat Rhetoric, You post what a Democrat Group says without getting the details. You claim the GOP States are dependent on the govt, dependent on what? You think that the Red states don't deserve their tax dollars back? Do you have any idea where the money comes from that the govt. spends?

Red states are poor, by what standard? Cost of living? Why is it that one of the most liberal States, California has so many making minimum wage and living below the poverty level
As for the states of the top 20, 13 have Republican Governors
 
Really? California is doing great, a new liberal success story, Unemployment 7.4% ranking near the bottom, Unemployment Rates for States

California has the highest number in the nation below the poverty level, the most in the nation earning a minimum wage, billions in long term debt but this is a success to you? Percentage change must make you feel good but not when you put a face on those percentages, over 1.5 million making California minimum wage, highest numbers in poverty, jobs leaving the state yet illegals entering the state to take advantage of the California free lunch paid for by the taxpayers. This your idea of a success?

LOL with his selective spin...rather than actual facts. The TRUTH is that its not California, but rather TEXAS that is tied with Mississippi as the state with the largest numbers of people working for minimum wage. Texas also ranks high on poverty....low on healthcare and education.

Wanna know the actual facts about Texas....not just the con spin? http://www.politifact.com/truth-o-m.../16/fact-checking-claims-about-texas-economy/
 
LOL with his selective spin...rather than actual facts. The TRUTH is that its not California, but rather TEXAS that is tied with Mississippi as the state with the largest numbers of people working for minimum wage. Texas also ranks high on poverty....low on healthcare and education.

Wanna know the actual facts about Texas....not just the con spin? Fact-checking claims about the Texas economy | PolitiFact

Selective spin? you are the master and I knew I could count on you to continue to buy the rhetoric and ignore the reality. Now had you said that TX leads the nation in the number of people who are paid the FEDERAL minimum wage, you would have been accurate, but the reality is, BLS only counts the Federal Minimum wage, not the 1.6 million Californians who before July 1, 2014 were paid $8 an hour vs the 7.25 per hour Federal Minimum wage. States can and do set their own minimum wage which is why the minimum wage isn't a Federal Issue but that reality as usual escapes people like you who are married to an ideology that fails everywhere in the world but liberal arrogance continues to say ignore the results we can succeed here.

Don't need Politifact to tell me about TX. I have lived and worked here since 1992, the best move I have ever made. Spent a lot of time in California and the entitlement mentality there turned me off. Didn't want to raise my kids there. I will let the people speak and the reality is hundreds of thousands of people are moving to TX, Businesses are relocating to TX, 52 of the Fortune 500 Companies are headquartered in TX, The medical industry is a major force in TX, and TX has one of the lowest cost of livings in the nation. I can see why liberals like you are jealous.
 
U.S. Economy Shrinks By Most Since Great Recession in 1Q | Fox Business

Congratulations, Liberals, you are getting what you want, A European Socialist economy dependent on a Federal Govt. run by liberals and with more people dependent on that govt. for existence. This is exactly what you get when you elect and re-elect a totally unqualified individual to the highest office in the land, High unemployment, high debt, low economic growth are the new normal in this country
The void of real unemployment , less jobs and small business on edge and Obam's 15 dollar an hour 15 dollar an hour wage increase will systematically bring us into a depression....

Remember those idiots making 15 an hour will also be the ones paying for an inflation - what does that do for the minimum wage? its nothing more than inflation - then you got Obama's nefarious attacks on corporatios and small businesses....

.
hours
 
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.

The spending under Reagan killed the Soviet Union, so it wasn't bad. The real crisis began under Bush, and continues under Obama, who turned out to be Bush on steroids.
 
The spending under Reagan killed the Soviet Union, so it wasn't bad. The real crisis began under Bush, and continues under Obama, who turned out to be Bush on steroids.

Have you noticed how liberals love to use percentage change when it relates to spending but never debt as a percent of GDP when it relates to that spending? Wonder what it is about liberalism that creates people like this who buy rhetoric and have selective research and reasoning skills? The debt at the end of the Reagan term was around 50% of GDP, Debt today is over 100% of GDP.

I grew up a Democrat but was smart enough to see the party leave me. Some here will realize that some day as well but others are simply hopeless
 
The void of real unemployment , less jobs and small business on edge and Obam's 15 dollar an hour 15 dollar an hour wage increase will systematically bring us into a depression....

Remember those idiots making 15 an hour will also be the ones paying for an inflation - what does that do for the minimum wage? its nothing more than inflation - then you got Obama's nefarious attacks on corporatios and small businesses....

.
hours

Hmm. That is worrying indeed. At this moment, the government with it's huge outstanding debt can ill afford to be paying increased interest rates on that debt. Assuming, of course, that increased interest rates are tied to inflation (they both go up together?).
 
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