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Thread: U.S. economy bounces back sharply

  1. #261
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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Conservative View Post
    You are right, Kush, you really aren't worth it, because a Census article is posted in Fox News the article therefore is false. Talk about partisan bull****? You are full of it.
    They pick and choose their interpretation of welfare as a means of deceiving their viewers. You fell hook line and sinker, and continue to spread the disinformation at every chance.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: U.S. economy bounces back sharply

    Quote Originally Posted by Kushinator View Post
    They pick and choose their interpretation of welfare as a means of deceiving their viewers. You fell hook line and sinker, and continue to spread the disinformation at every chance.
    Yep, you got it, money going from the taxpayers to another individual isn't welfare at all, it is that taxpayer's responsibility, isn't it? You simply cannot believe how wrong you have been and how duped you have been by the leftwing rhetoric. Sorry, but you have no credibility at all but you do post pretty charts. Too bad you don't understand that individuals are dependent more now than ever before on taxpayer support

  3. #263
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    Re: U.S. economy bounces back sharply

    [QUOTE=Conservative;1063698375]
    Quote Originally Posted by Dittohead not! View Post

    Didn't read the article I posted, did you? Not surprising.
    You mean the right wing blog?

    You're right. I try to avoid right and left wing blogs alike. Like the supermarket tabloids that they mimic, they can rot your brain.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: U.S. economy bounces back sharply

    [QUOTE=Dittohead not!;1063698407]
    Quote Originally Posted by Conservative View Post

    You mean the right wing blog?

    You're right. I try to avoid right and left wing blogs alike. Like the supermarket tabloids that they mimic, they can rot your brain.
    Google is your friend, not sure where you get your information but you are completely wrong

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    Re: U.S. economy bounces back sharply

    U.S. Consumer Spending Declines 0.1% in July
    Personal Spending Falls for First Month Since January


    'WASHINGTON—Consumer spending fell in July and income growth was weak, signs that cautious consumers could restrain economic growth in the second half of the year.

    Personal spending, which measures what Americans pay for everything from sneakers to doctor visits, declined a seasonally adjusted 0.1% in July from a month earlier, the Commerce Department said Friday. It was the first time spending fell in a month since January.

    Personal income, reflecting income from wages, investment, and government aid, rose 0.2% in July—the smallest monthly increase of the year.

    "Looks like the pilot threw the economy's engines into reverse at the start of the third quarter," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ. Forecasts that the economy would grow at a strong 3% clip in the third quarter "look increasingly unrealistic if consumers don't return to the shops and malls."'


    U.S. Consumer Spending Declines 0.1% in July - WSJ


    Must be the weather...all this snow.

  6. #266
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    Re: U.S. economy bounces back sharply

    [QUOTE=Conservative;1063698420]
    Quote Originally Posted by Dittohead not! View Post

    Google is your friend, not sure where you get your information but you are completely wrong
    Yes, there is a plethora of information on Google. Some of it is even accurate. This one sounds about right:

    We own 65% of Chrysler? What does that really mean?

    To the average taxpayer, not much. The U.S. government owns just under 10% of Chrysler, not 65%. (They own around 61% of GM - that may be where you got your number from.) Controlling interest (about 68%) is owned by the retirement funds of the United Auto Workers union, with Fiat owning a big chunk (about 20%) and the Canadian government owning the rest.

    However, the U.S. government has stated that they do not intend to take actions regarding the corporate governance of the company, and plan to sell their stake (probably to Fiat) as soon as it is feasible. They have similar plans for their much larger stake in G.M.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

  7. #267
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    Re: U.S. economy bounces back sharply

    [QUOTE=Dittohead not!;1063698428]
    Quote Originally Posted by Conservative View Post

    Yes, there is a plethora of information on Google. Some of it is even accurate. This one sounds about right:

    We own 65% of Chrysler? What does that really mean?
    Nice try, the Democrat Party and the UAW were hand in hand and it was the Unions that got ownership with money from the taxpayers. If you think the govt. didn't own the company then you really should by a bridge I have for sale in the swamps of Florida

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    Re: U.S. economy bounces back sharply

    [QUOTE=Conservative;1063698455]
    Quote Originally Posted by Dittohead not! View Post

    Nice try, the Democrat Party and the UAW were hand in hand and it was the Unions that got ownership with money from the taxpayers. If you think the govt. didn't own the company then you really should by a bridge I have for sale in the swamps of Florida
    If you think it did, then you have far more confidence in the government's deal making ability than I do.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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    Re: U.S. economy bounces back sharply

    [QUOTE=Dittohead not!;1063698468]
    Quote Originally Posted by Conservative View Post

    If you think it did, then you have far more confidence in the government's deal making ability than I do.
    The results show how effective the govt. is as the taxpayers lost billion in that deal and Chrysler is now owned by the Italians. Is that a success to you?

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    Re: U.S. economy bounces back sharply

    [QUOTE=Conservative;1063698479]
    Quote Originally Posted by Dittohead not! View Post

    The results show how effective the govt. is as the taxpayers lost billion in that deal and Chrysler is now owned by the Italians. Is that a success to you?
    Purchasing a company for 10% of its value is a deal that is beyond the ability of government IMO. Perhaps you have another opinion.
    "Donald Trump is a phony, a fraud... [he's] playing the American public for suckers." Mitt Romney

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