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Thread: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Declan View Post
    As it should be.
    Why is that? What about producing more wealth has anything to do with increasing taxes?

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by jonny5 View Post
    Why is that? What about producing more wealth has anything to do with increasing taxes?
    an unbalanced budget, unstated long-term national debt of $100T, and a stated national debt of $18T with interest only payments lead me to a different conclusion than you.

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Tettsuo View Post
    Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain - Bloomberg



    More good news!

    Oh wait... this can't be true if it's good for Obama. [/FONT][/COLOR]
    So, I wonder. How much consumer debt is being pilled on to fuel this spending?

    Consumer Debt Hits an All-Time High - Businessweek

    Once these sources are taped out, and the income from the type of jobs being created caps future spending, what will the economy look like?

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Declan View Post
    It is a balancing I think. Nonconventional production hires a lot of people which benefits the economy, but for consumers who do not work in the industry, the multiplier effect of energy spending is largely non-existent compared to retail. Hopefully an equilibrium will be reached that allows continued job growth within oil and gas extraction but sustainable lower energy costs for consumers. Hopefully lower energy costs will create a further cushion to allow competition to further drive down other costs on non-discretionary goods like food which will create even more discretionary spending.

    A good sign. I had hoped this would have broken through last year to shorten the dead decade some, but we seem to have turned a corner in a bit of a political ironic way--big oil saves democratic face
    "Hopefully lower energy costs"Yes indeed. I agree. Increases in energy, fuel and transportation costs is about as regressive as you can get.

    However, I don't think that Obama's on board with those sentiments.

    "Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket," Obama told the Chronicle . "Coal-powered plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers."
    Obama said cap and trade would increase electricity rates | PolitiFact

    “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”
    Uttered in 2008, still haunting Obama in 2012 - Erica Martinson - POLITICO.com

    “Somehow,” Chu said, “we have to figure out how to boost the price of gasoline to the levels in Europe.”
    Steven Chu's Europe gas quote haunts President Obama - Bob King - POLITICO.com

    And they are proud of themselves for having this position.
    Chu gives himself an "A": Obama's energy secretary dishonest in ratings (Video) | Washington Times Communities
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Yeah, thanks Obama!

    Gasoline $2.19 a gallon in Wisconsin,

    thanks Obama!

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Tettsuo View Post
    Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain - Bloomberg





    More good news!

    Oh wait... this can't be true if it's good for Obama. [/FONT][/COLOR]
    An improving economy is always good news. And just think, only two more years of Obama with a Republican Congress to keep him under wraps and American businesses may decide to get back in the game and invest for the good times to come.

    If liberals want to tout Obama in this scenario, who cares - he's irrelevant - but after 6 disastrous years, you can have that bone to chew on if it helps you forget.
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by eohrnberger View Post
    However, I don't think that Obama's on board with those sentiments.
    He just wants to push alternative energies. I understand the motive, but I think they are pushing in the wrong direction looking for only large scale commercial production which just isn't realistic.

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by Declan View Post
    He just wants to push alternative energies. I understand the motive, but I think they are pushing in the wrong direction looking for only large scale commercial production which just isn't realistic.
    The innovation isn't going to come from the large scale commercial green sector, on that I think we agree.

    Where we probably diverge is the idea that government can influence the free market (relatively free) to such an extent that will make these green technology projects economically viable on their own, as opposed to, and historically the case, dependent on government life support (endless supply of free or nearly free government money).

    The first economically viable green energy technology, one that can turn a profit on it's own by it's own merits, is going to have the entire world at their door wanting to buy it. It's at that point, where that particular technology will be successful, and only at that point, will be able to displace the older technology. Until that point, it'll remain a niche market player appealing to those who want to spend more for less, which is an extremely small market.
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by eohrnberger View Post
    The innovation isn't going to come from the large scale commercial green sector, on that I think we agree.

    Where we probably diverge is the idea that government can influence the free market (relatively free) to such an extent that will make these green technology projects economically viable on their own, as opposed to, and historically the case, dependent on government life support (endless supply of free or nearly free government money).

    The first economically viable green energy technology, one that can turn a profit on it's own by it's own merits, is going to have the entire world at their door wanting to buy it. It's at that point, where that particular technology will be successful, and only at that point, will be able to displace the older technology. Until that point, it'll remain a niche market player appealing to those who want to spend more for less, which is an extremely small market.
    Which is why government invests into research - hence influencing the free market. It's not just subsidies, research is the where the real money should be invested.
    Ted Cruz is the dumbest person alive.

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    Re: Economy Grows by Most in a Decade on U.S. Consumer-Spending Gain

    Quote Originally Posted by whysoserious View Post
    Which is why government invests into research - hence influencing the free market. It's not just subsidies, research is the where the real money should be invested.
    Research is fine, as long as it's not a major spend. Outright subsidies, such as we have seen in the past, shouldn't be the case. For any businesses or industry. I'm against corporate welfare however it's dressed up, unless it's to maintain a level playing field.

    The Import / Export bank, for example. I know that there's government programs in other countries that guarantees and / or insures their businesses against some types of losses when conducting international trade. Isn't the intent of the import / export just to level that playing field?
    Disinformation campaign? The Russian collusion meme pushed by the 'news' media, behaving as a political propaganda organ, hell bent to destroy a legitimately elected president to implement his agenda per the votes of the same electorate. Reference The Big Lie Reference Goebbels

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