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Thread: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by jonny5 View Post
    Because there is no causation there. And the main indicator, GDP growth, is still slow.
    It was slow, but not so much right now. The past two quarters it's been above it's historic rate. There's never been a time in history, until now, that anyone ever called 4% growth "slow".
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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    It was slow, but not so much right now. The past two quarters it's been above it's historic rate. There's never been a time in history, until now, that anyone ever called 4% growth "slow".
    You do realize that is a quarterly rate annualized?

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    You do realize that is a quarterly rate annualized?

    Yes, but I guess I should have made that more clear. So you don't think that an annual GDP rate of growth of around 4% is good? It's only averaged 2.8% during my lifetime.
    Quote Originally Posted by ocean515 View Post
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    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    Yes, but I guess I should have made that more clear. So you don't think that an annual GDP rate of growth of around 4% is good? It's only averaged 2.8% during my lifetime.
    According to liberals Obama inherited the worst recession since the Great Depression so yes this recovery isn't enough to put people back to work and that makes it a disaster especially with over 7 trillion added to the debt and lost shovels for shovel ready jobs.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    According to liberals Obama inherited the worst recession since the Great Depression so yes this recovery isn't enough to put people back to work and that makes it a disaster especially with over 7 trillion added to the debt and lost shovels for shovel ready jobs.
    Based upon what I read in the papers, we have created enough new jobs during the recovery to more than offset every job lost during the Great Bush Recession. Is this not factual? Or are you saying that "Obama is cooking the books"?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by imagep View Post
    Based upon what I read in the papers, we have created enough new jobs during the recovery to more than offset every job lost during the Great Bush Recession. Is this not factual? Or are you saying that "Obama is cooking the books"?
    When the recession began there were 146.6 million working Americans, today 7 years later there are 147.2 million. Is that what you call a success? Now since you call it the Bush recession please tell me what the Democrat Controlled Congress did from January 2007 to January 2011? Hard to believe there wasn't any population growth but from what I have read many of those jobs created during this Obama recovery are part time jobs. Is that not factual?

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    When the recession began there were 146.6 million working Americans, today 7 years later there are 147.2 million. Is that what you call a success?
    When it dropped down to 138 million? Sure, that's a success. Not a great success, perhaps, but considering that fewer people want to work now than pre-recession, I'll call it a success.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by pinqy View Post
    When it dropped down to 138 million? Sure, that's a success. Not a great success, perhaps, but considering that fewer people want to work now than pre-recession, I'll call it a success.
    Yep, that would be a liberal success. Guess those shovels never got to those shovel ready jobs as promised? Just another broken Obama promise? Obama took office with 142 million working Americans. Guess maybe the stimulus was sold to "stupid voters" as well. what do you think?

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    Yep, that would be a liberal success. Guess those shovels never got to those shovel ready jobs as promised? Just another broken Obama promise? Obama took office with 142 million working Americans. Guess maybe the stimulus was sold to "stupid voters" as well. what do you think?
    Nit-picking but they're not all Americans. The survey doesn't ask about citizenship, only country of birth.

    Obama took office about halfway through the main jobs loss. It's complete speculation (on both sides) as to whether Obama's policies made things better or whether things got better despite him. But 147 million up from 138 million in just under 5 years? Slow, but clearly an improvement.
    Therefore, since the world has still/Much good, but much less good than ill,
    And while the sun and moon endure/Luck's a chance, but trouble's sure,
    I'd face it as a wise man would,/And train for ill and not for good.

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    Re: U.S. Deficit Decline to 2.8% of GDP Is Unprecedented Turn

    Quote Originally Posted by Conservative View Post
    When the recession began there were 146.6 million working Americans, today 7 years later there are 147.2 million. Is that what you call a success?
    Would it have been more of a success if we hadn't have replaced all those jobs we lost during the recession?

    Now since you call it the Bush recession please tell me what the Democrat Controlled Congress did from January 2007 to January 2011? Hard to believe there wasn't any population growth but from what I have read many of those jobs created during this Obama recovery are part time jobs. Is that not factual?
    If you blame Obama for the job losses and weak economy during the recovery from the recession, then it's fair enough to blame Bush for the recession since it started on his watch and the majority of it was on his watch. In reality, and in all fairness, I think you and I both know that presidents don't really cause every event that happens in the world, they just happen to be president when those events happen, so we attribute those events to them. It just happened on their watch.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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