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

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

As many of us not left of center have been saying, Obamacare is killing jobs and job growth. If it is not repealed, our country's better days will be behind us and not in our future. We are now in an out-of-control downward spiral economically. It will be entertaining at least to see the administration, the pundits and the apologists try to spin their way out of this one.

Obama is an abysmal failure and his policies are now coming to fruition. Can't blame this on Bush can they.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

As many of us not left of center have been saying, Obamacare is killing jobs and job growth. If it is not repealed, our country's better days will be behind us and not in our future. We are now in an out-of-control downward spiral economically. It will be entertaining at least to see the administration, the pundits and the apologists try to spin their way out of this one.

Obama is an abysmal failure and his policies are now coming to fruition. Can't blame this on Bush can they.

You are correct, Red. They can't blame this on Bush, but that certainly won't stop them.

Obama will say something profound on this issue, like "I inherited this mess and the Republicans have done nothing but obstructed all of my efforts to help Main Street", and the Obamabots will bob their collective heads in agreement, say what a wonderful smart man he is, and that this is all because of Bush, Cheney, Halliburton, and the Party of No.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

I thought you guys believe the numbers given by the government were BS.

Is it accurate now?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

I thought you guys believe the numbers given by the government were BS.

Is it accurate now?

I don't think so. As far as I can see, we are still in the great recession. We've had a lousy economy since late 2007.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

As many of us not left of center have been saying, Obamacare is killing jobs and job growth. If it is not repealed, our country's better days will be behind us and not in our future. We are now in an out-of-control downward spiral economically. It will be entertaining at least to see the administration, the pundits and the apologists try to spin their way out of this one.

Obama is an abysmal failure and his policies are now coming to fruition. Can't blame this on Bush can they.

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

I thought you guys believe the numbers given by the government were BS.

Is it accurate now?

here is the start of the strawman arguments.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

I thought you guys believe the numbers given by the government were BS.

Is it accurate now?

Given that the first figure they gave was that there was very minor growth, there really is no reason to believe the numbers. However, it seems they cannot ignore that there has been a significant downturn and no one is buying the "it's just the weather" excuse anymore.
 
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.

yep the feds i have heard are already talking about raising interest rates so that must mean that something is coming that they are trying to ward off it they are raising interest rates a head of schedule.

obama is carter 2.0 i think almost worse.

his anti business policies and massive regulations are now coming to light.
companies aren't expanding because they can't afford the added cost of employee's.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

While the economy's woes have been largely blamed on an unusually cold winter, the magnitude of the revisions suggest other factors at play beyond the weather.
Gee, you think?

Given enough time, even the "experts" are able to figure it out.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Y'all crack me up.

1q2014-final.png


Were Obama's policies working between Q3 2009 and Q4 2013? They're predicting roughly 3% growth next quarter, because employment and manufacturing and services are picking up. If Q2 2014 is positive, will you congratulate Obama for his good policy choices?

Care to guess what caused the decline in growth? A miserable winter, reductions in health care spending, and reductions in trade. Which Obama policies affected these factors?

Meanwhile, the Tea Party types want to shut down the Export-Import bank, which will hamstring US exports, and US businesses are freaking out. Yes, clearly Obama's policies are anti-business....
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Meh, it'll get better eventually, should be steaming ahead by 2016-2018. Back when this first happened it was predicted at the Bilderberg meeting there would be a decade of stagflation. This is our lost decade and we haven't done enough to fix what caused it, oh well we get what we ask for I guess.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

As many of us not left of center have been saying, Obamacare is killing jobs and job growth.
Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

Source: Bureau of Labor Statistics Data
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

Source: Bureau of Labor Statistics Data

obamacare is just a part of the pie there is the billions of dollar in regulation compliance that is costing US jobs as well.
obama has been one of the most anti-business presidents i have ever seen in my entire life time.

what does he think will happen by heaping regulation after regulation and mandate after mandate.

businesses react and they react poorly. he has the worst recovery of a recession ever. the GDP should have been growing at 7-9% a year after the recession ended.
it hasn't he has been lucky to scrape by at 2. an average economy will be 3-6%.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Given that the first figure they gave was that there was very minor growth, there really is no reason to believe the numbers. However, it seems they cannot ignore that there has been a significant downturn and no one is buying the "it's just the weather" excuse anymore.

Weather was one issue, but not the only one. There were some fundamental factors, too. State and local government spending decreased and this decrease likely was tied to tax revenue coming in less than what had previously been forecast by the states. Exports also declined at a rate that suggested that weather-related bottlenecks couldn't explain the full decrease. Instead, softer international conditions i.e., continuing headwinds in Europe and also the moderation of growh in some of China's economic sectors, probably played a role.

Subsequent data continue to point to a pickup with positive growth in Q2. Recent increases in consumer confidence also hint that consumer spending will rebound from Q1 levels.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

Source: Bureau of Labor Statistics Data

Denial is not a river in Egypt. This is the worst non-recession "growth" in 58 years. Anyone that can say that Obamacare has nothing to do with this with a straight face clearly has their head planted firmly where the sun does not shine.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

Source: Bureau of Labor Statistics Data


There is nothing like facts to knockdown a theory.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

obamacare is just a part of the pie there is the billions of dollar in regulation compliance that is costing US jobs as well.
That may be, but he just mentioned Obamacare.
Denial is not a river in Egypt.
Agreed, so I suspect you'll go along with the facts which show there is no support for your assertion that Obamacare is killing jobs and job growth. Otherwise, you'll be in Egypt.

This is the worst non-recession "growth" in 58 years.
Yes, the worst non-recession growth since the last major economic collapse. :roll:

Let's focus on the facts. The job growth over the last 12 or so months, outside of the harsh winter, has been the strongest it's been in nearly a decade. That includes several years before the economy collapsed. There is simply no evidence that Obamacare is hurting job growth, especially since job growth has, outside of winter, been getting stronger since the individual mandate went into effect.

Anyone that can say that Obamacare has nothing to do with this with a straight face clearly has their head planted firmly where the sun does not shine.
Anyone who wants to deny some of the strongest job growth in nearly a decade just so they can blame a policy to which they are opposed is more likely the one with their head up their rear.

For your assertion that Obamacare is killing jobs/growth, you have to provide evidence to support it, and using a job market which appears to be accelerating is not the way to do it.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Y'all crack me up.

1q2014-final.png


Were Obama's policies working between Q3 2009 and Q4 2013? They're predicting roughly 3% growth next quarter, because employment and manufacturing and services are picking up. If Q2 2014 is positive, will you congratulate Obama for his good policy choices?

Care to guess what caused the decline in growth? A miserable winter, reductions in health care spending, and reductions in trade. Which Obama policies affected these factors?

Meanwhile, the Tea Party types want to shut down the Export-Import bank, which will hamstring US exports, and US businesses are freaking out. Yes, clearly Obama's policies are anti-business....

What exactly do you believe the 842 billion dollar stimulus did for the economy, a short term drug boost? Unbelievable that you still believe the liberal rhetoric. You don't think Obamacare, wealth redistribution, threats of higher taxes impact a private sector economy?

When you come off a recession like we did in June 2009 this economic growth is a disaster as is the job creation and yet the best you can do is continue to nod your head in approval of Obamanomcs?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

There is nothing like facts to knockdown a theory.

Amazing, isn't it, the first rough winter in history? You people are absolutely amazing. Isn't it interesting that all those discouraged workers over the years apparently faced those miserable winters prior to 2014? Obviously wealth redistribution, threats of higher taxes, attacks on the coal industry, increased regulations, Obamacare had nothing to do with it. You people do live in a dream world.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

That may be, but he just mentioned Obamacare.
Agreed, so I suspect you'll go along with the facts which show there is no support for your assertion that Obamacare is killing jobs and job growth. Otherwise, you'll be in Egypt.

Yes, the worst non-recession growth since the last major economic collapse. :roll:

Let's focus on the facts. The job growth over the last 12 or so months, outside of the harsh winter, has been the strongest it's been in nearly a decade. That includes several years before the economy collapsed. There is simply no evidence that Obamacare is hurting job growth, especially since job growth has, outside of winter, been getting stronger since the individual mandate went into effect.

Anyone who wants to deny some of the strongest job growth in nearly a decade just so they can blame a policy to which they are opposed is more likely the one with their head up their rear.

For your assertion that Obamacare is killing jobs/growth, you have to provide evidence to support it, and using a job market which appears to be accelerating is not the way to do it.

Come on Sly, you are smarter than this. Job growth strongest in over a decade ignores the 9 million jobs Bush created from 2001-2007 and ignores the economic growth prior to the Democrats taking control of Congress. Stop carrying water for this incompetent Administration as it makes you look foolish.
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Except the statistics do not support this assertion. Yes, the first quarter was down, but by nearly every non-political opinion, it was due to the rough winter. The winter theory holds credibility because the jobs reports since the winter have all had job increases over 200,000, as did most of Q3 of last year.

With the exception of the harsh winter, our job growth from Q3 and Q1 is the strongest it has been in almost a decade. I'm sorry, unless previously released jobs numbers get revised downward (which is possible), there's just no evidence to support your theory of Obamacare killing jobs and job growth.

Source: Bureau of Labor Statistics Data

Yeah, but the jobs created are of the McDonald's/WalMart variety...basically near-useless for solid, long term growth.

Since March, 319,000 jobs in the all important 25-54 age range have been lost.

Outside of the rich, the U.S. economy is stagnant.

Table A-9. Selected employment indicators
 
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Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

Come on Sly, you are smarter than this. Job growth strongest in over a decade ignores the 9 million jobs Bush created from 2001-2007
First of all, the job growth from September 2005 to 2007 was mostly paltry. Second of all, the job growth from 2001-2005 is irrelevant to the discussion RedAskton and I were having.

He blamed Obamacare for jobs not being there. I pointed out the job market has been growing in the last 12 months quite well, the best in nearly a decade.
Yeah, but the jobs created are of the McDonald's/WalMart variety
Which has what to do with what I was debating with RedAkston?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

That may be, but he just mentioned Obamacare.
Agreed, so I suspect you'll go along with the facts which show there is no support for your assertion that Obamacare is killing jobs and job growth. Otherwise, you'll be in Egypt.

Yes, the worst non-recession growth since the last major economic collapse. :roll:

Let's focus on the facts. The job growth over the last 12 or so months, outside of the harsh winter, has been the strongest it's been in nearly a decade. That includes several years before the economy collapsed. There is simply no evidence that Obamacare is hurting job growth, especially since job growth has, outside of winter, been getting stronger since the individual mandate went into effect.

Anyone who wants to deny some of the strongest job growth in nearly a decade just so they can blame a policy to which they are opposed is more likely the one with their head up their rear.

For your assertion that Obamacare is killing jobs/growth, you have to provide evidence to support it, and using a job market which appears to be accelerating is not the way to do it.

2.9% reduction in growth is now acceleration? I suppose it is just in the wrong direction.

And if you don't think it is killing job growth, I have no idea what planet you are currently living on. So many employers where I live are not able to hire because of the increased costs that come from Obamacare. Where I work, we recently expanded and they only promoted 60% of what they needed to, numbers wise, because of the increased cost of adding so many full time employees. Full-time jobs in my industry are almost impossible to come by and business is down from last year at this time overall.

I work in the casino business and I live in a city that relies heavily on tourism. Fewer people have disposable income, businesses are contracting and job growth is falling behind those who are falling off the unemployment rolls. The job participation rate is the lowest in how many years? If you want to do some research, check out those jaw-dropping stats!

The ACA, regulations and the economic policies of this administration are absolutely killing our economy. To deny this is to do so from either ignorance of the world around them or from intellectual dishonesty. So what is it with you specifically?
 
Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

First of all, the job growth from September 2005 to 2007 was mostly paltry. Second of all, the job growth from 2001-2005 is irrelevant to the discussion RedAskton and I were having.

He blamed Obamacare for jobs not being there. I pointed out the job market has been growing in the last 12 months quite well, the best in nearly a decade.
Which has what to do with what I was debating with RedAkston?

Nothing.

I was pointing out that your 200,000 job growth number is a smoke screen for an underlying problem.

You Obama/big government supporters keep talking up the headline job growth numbers without looking under the surface.
 
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