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U.S. GDP Grows Just 1.3%

Conservative said:
Since you ignore the Obama results and anything that I use to refute your comments, it serves no purpose other than to restate the same thing over and over again. Keep digging that hole deeper and deeper
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Stop lying, Conservative. I've responded to you about that. Don't claim I don't because I stopped responding since you say the same thing 400 times every day.
 
AdamT said:
Lies? What lies? Try to be specific.

And when problem did Obama claim he was going to fix? Again, please be specific.
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The lies about the stimulus, unemployment numbers, shovel ready jobs, the lies about transparency, bills on line for review, the benefits and cost of Obamacare. Want me to go on? What's the use
 
Sheik Yerbuti said:
Stop lying, Conservative. I've responded to you about that. Don't claim I don't because I stopped responding since you say the same thing 400 times every day.
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then respond to the Obama record and tell me why that isn't going to be on the ballot in 2012? Think that 24 million unemployed and under employed Americans think Obama has been successful? seems like you are in a declining minority these days, 40% Obama approval ratings? Hmmm.
 
Conservative said:
The lies about the stimulus, unemployment numbers, shovel ready jobs, the lies about transparency, bills on line for review, the benefits and cost of Obamacare. Want me to go on? What's the use
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What I want is for you to be specific. What lies about the stimulus? What lies about unemployment numbers? Etc. These are conservative talking points -- not specific allegations.
 
AdamT said:
What I want is for you to be specific. What lies about the stimulus? What lies about unemployment numbers? Etc. These are conservative talking points -- not specific allegations.
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Pass the stimulus and the unemployment rate will not exceed 8%, that was a lie. With the passing of the stimulus unemployment today would be 6.5%, that is a lie. Looks to me like research isn't a strong suit of yours but you have no problem buying the Obama rhetoric. Suggest you do some better research or any research
 
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PzKfW IVe said:
Yes - you're blaming the GOP for The Obama's failure.
What a surprise.
:roll:
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No, I am simply describing what has happened, and you can't deny it.
 
donsutherland1 said:
Debt overhang remains a drag. From 2010Q1 to 2011 Q1 (domestic nonfinancial debt figures are not yet available for Q2), domestic nonfinancial debt rose a brisk $2.35 for every dollar of GDP. The federal government and corporations led the way in this increasing leverage. That will become more problematic as yields rise down the road. Meanwhile, household deleveraging continues. That continues to put a drag on personal consumption growth. Finally, in a whiff of what lies ahead as fiscal consolidation gets underway at some point in the future--fiscal consolidation creates a headwind early on, it's payoff is medium- and longer-term--a large part of Q1's near flat growth was the result of a 9.4% decline federal government consumption expenditures and gross investment (stimulus winddown and modest fiscal consolidation). Due to the nation's unsustainable fiscal trajectory, such consolidation is necessary. Otherwise, the overall cost of capital will eventually rise to levels that damp growth and worsen the nation's long-term imbalances. Current political dysfunction may result in some bump in interest rates, even if a crisis is averted and no credit downgrade occurs, on account of a more riskier profile for the U.S.
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I have been trying to compare the data to previous recessions and I found a blog post on the federal reserve about the contributors to GDP:

macroblog: Is consumer spending the problem?

From what I can tell, consumer spending has been historically weaker in this recession. Also, residential spending for obvious reasons isn't there. Government spending and a lack of growth in services seem to be the next biggest dampers on growth when comparing to historical experience. However, it seems like this current recession could be called somewhat of a boom in business investment spending. If you look at the contributors to growth it has been durable goods and equipment and software spending (even exports have not been a drag on the economy as it has been historically). I agree, it seems that excessive household and government debt is slowing down the economy significantly. On the other hand corporate america has never really been healthier, so that is a plus. I think if we can get our fiscal house in order in the next few years the US could have very good long run prospects, we just need to get past this bump in the road.
 
1Perry said:
It's been over 2 1/2 years. When exactly (withing a month is fine) does it belong to him?
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How about we go within two months and go with August, 2009? That's two months after the recession ended and two months prior to his first budget going into effect.
 
Conservative said:
Pass the stimulus and the unemployment rate will not exceed 8%, that was a lie. With the passing of the stimulus unemployment today would be 6.5%, that is a lie. Looks to me like research isn't a strong suit of yours but you have no problem buying the Obama rhetoric. Suggest you do some better research or any research
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It was never claimed that the unemployment rate would not exceed 8% -- THAT is the lie, and one conservatives never tire of telling. Specifically, this is what the administration report said about the 8% estimate:

"It should be understood that all of the estimates presented in this memo are subject to significant margins of error. There is the more fundamental uncertainty that comes with any estimate of the effects of a program. Our estimates of economic relationships and rules of thumb are derived from historical experience and so will not apply exactly in any given episode. Furthermore, the uncertainty is surely higher than normal now because the current recession is unusual both in its fundamental causes and its severity."

http://www.politifact.com/truth-o-m...bama-said-stimulus-would-cap-unemployment-8-/
 
Sheik Yerbuti said:
Don't forget the "Obama rule." That's where you hold the president accountable for the economy from the day they were elected.

Conservative said:
So Obama was responsible then for the 2009 results after he took office? Thanks for finally admitting that.
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Who said I subscribe to the "Obama rule?"
 
AdamT said:
It was never claimed that the unemployment rate would not exceed 8% -- THAT is the lie, and one conservatives never tire of telling. Specifically, this is what the administration report said about the 8% estimate:

"It should be understood that all of the estimates presented in this memo are subject to significant margins of error. There is the more fundamental uncertainty that comes with any estimate of the effects of a program. Our estimates of economic relationships and rules of thumb are derived from historical experience and so will not apply exactly in any given episode. Furthermore, the uncertainty is surely higher than normal now because the current recession is unusual both in its fundamental causes and its severity."

PolitiFact | Will: Obama said stimulus would cap unemployment at 8 percent
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this is ridiculous, come back when you have actually done some research instead of listening to the mainstream media. Ever hear of Christina Romer? Find out who she was and what she said. The rest of your post is typical liberalism, At least be honest with your leanings.
 
Conservative said:
this is ridiculous, come back when you have actually done some research instead of listening to the mainstream media. Ever hear of Christina Romer? Find out who she was and what she said. The rest of your post is typical liberalism, At least be honest with your leanings.
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Um, I just quoted you verbatim the disclaimer that was attached to the stimulus report. Simply denying reality isn't an argument.
 
Conservative said:
Bush isn't in office, nor is Reagan. You seem to have a problem understanding that reality.
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But when they were in office and achieved those awful records, you voted to re-elect them. Now you're campaigning to throw out the guy whose record is better than those you chose to give 4 more years to.

Hypocrite much?
 
Come on now! You know that it's only fair to say that Obama hasn't done enough, but it's off limits to point out that republicans have tried to stop him from doing *anything* at every conceivable turn. ;D
 
AdamT said:
Come on now! You know that it's only fair to say that Obama hasn't done enough, but it's off limits to point out that republicans have tried to stop him from doing *anything* at every conceivable turn. ;D
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What did the Republicans stop? When did GW Bush have anywhere near the number of Republicans in Congress that Obama had in 2009-2010?
 
This is an absolutely terrible number. Unlike some, I am not convinced that "President McCain" would be doing any better.

When it makes economic sense, businesses will hire. I don't think that simply electing a Republican is going to solve all of the economic woes of America. The most ironic thing is that whoever the Republican candidate is, he or she will be running on "hope" and "change," but they'll be deathly afraid of uttering either of those words.
 
Sheik Yerbuti said:
But when they were in office and achieved those awful records, you voted to re-elect them. Now you're campaigning to throw out the guy whose record is better than those you chose to give 4 more years to.

Hypocrite much?
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Let's see how smart you are, I am a conservative and proudly admit that. In 2000 I had a choice of Bush vs. Gore. Who would a Conservative vote for? In 2004 I had a choice between Bush and Kerry, who would a Conservative vote for? What I see is someone who always blames others for their own failures. given the choice I had, I would make it again, hardly hypocritical. I don't have any use for liberal politicians and will always vote for the one closest to my point of view.
 
Conservative said:
then respond to the Obama record
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I already have ... many, many times.

Conservative said:
and tell me why that isn't going to be on the ballot in 2012?
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Who said it's not? It's on peoples' minds now as they respond to polls and still pick Obama over every candidate potentially running against him.

Conservative said:
Think that 24 million unemployed and under employed Americans think Obama has been successful?
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Perhaps the 22 million underemployed that Bush handed Obama still blame Bush. Have you considered that?

Conservative said:
seems like you are in a declining minority these days, 40% Obama approval ratings? Hmmm.
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What do you think that means?
 
rocket88 said:
This is an absolutely terrible number. Unlike some, I am not convinced that "President McCain" would be doing any better.

When it makes economic sense, businesses will hire. I don't think that simply electing a Republican is going to solve all of the economic woes of America. The most ironic thing is that whoever the Republican candidate is, he or she will be running on "hope" and "change," but they'll be deathly afraid of uttering either of those words.
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McCain would have put stimulus spending towards creating jobs, not saving unions.
 
Conservative said:
McCain would have put stimulus spending towards creating jobs, not saving unions.
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It might be time to give up the ghost about McCain. Listening to his rambling lately we might be even worse off if the world felt we have a senile president.
 
Sheik Yerbuti said:
I already have ... many, many times.


Who said it's not? It's on peoples' minds now as they respond to polls and still pick Obama over every candidate potentially running against him.


Perhaps the 22 million underemployed that Bush handed Obama still blame Bush. Have you considered that?


What do you think that means?
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Since 40% of the people now believe that Obama is doing a good job and that number was 45% a few days ago that would be a declining number and I believe you are part of that 40%

So Obama's stimulus package which was signed the first of February 2009 for shovel ready jobs didn't solve the unemployment problem yet you blame Bush. Don't see the 22 million lost jobs during the Bush years but I guess you make numbers up as you go along.
 
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