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Economy shrinks for first time in 3 1/2 years[W: 395]

Re: Economy shrinks for first time in 3 1/2 years

Kushinator said:
This is not even a response.

I stated:



Instead of even addressing my statements in ANY of your replies, you instead chose to attack straw men and make red herrings, which is a fallacious debate tactic.

You cannot say (with any accuracy) that the 1980's recession was anywhere as bad as the current economic reality when the wealth of the people (like in almost all economic downturns) does not decrease.
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Net worth is something that you can recover and most have, especially quick recovery thanks to Reagan economic policies.

There is no strawman, I lived and worked during both, did you? I can say the 81-82 recession was every bit as bad if not worse economically for all Americans and the recovery was much better and quicker because of Reagan.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Net worth is something that you can recover and most have, especially quick recovery thanks to Reagan economic policies.
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Net worth never fell during the Reagan administration because asset values were not falling at record levels (think net present value of fixed income securities and how they can be impacting by a decline in yield to maturity).

There is no strawman, I lived and worked during both, did you? I can say the 81-82 recession was every bit as bad if not worse economically for all Americans and the recovery was much better and quicker because of Reagan.
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The recovery was better and quicker because nobody had to dig their way out of net wealth declines of 100% of GDP. It takes time for people and businesses to repair their balance sheets. Once this happens, i expect the U.S. economy to grow rather abruptly.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
I can say the 81-82 recession was every bit as bad if not worse economically for all Americans
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Based on what metrics? Personal recollections simply don't hold water.
 
Re: Economy shrinks for first time in 3 1/2 years

Kushinator said:
How is this a valid response in regards to his comment? There was never even
an instance of net-wealth lost during the early 1980's recession. However, from 2007-2009, the U.S. witnessed a wealth decline in the tune of 100% of GDP. There really is no comparison. The only other economic down turn which had a magnitude equal than or greater to the current occurred in the 1930's.
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Yep, when liberal democrat politicians force lower standards for morgages, and then the GSEs get involved to the tune of two trillion dollars as banks are forced to create loans because of the charge of redlining, its a sure thing there will be hell to pay.

The problem started when millions of Americans foolishly elelected not a qualified man, but a Media manufactured idelogue to turn things around.

Keynesian....what an idiot. Folks Keynesian is a short term response in a isolated economy. All peebo did was borrow hundreds of billions, give it out to State and local unions so people cpuld buy Chinese crap.

Think about it. Obama and Bernake have the petal to the metal, massive stimulus by way of defecit spending, low interest rates, banks getting their money for free AND the Feds paying them interest on their massive reserves and its all falling apart.

You two libs and your inabillity to look at the actual data objectively are just the epitome of deperation.

Niether of you know what your talking about because your locked into a partisan cartoon characterization.

Ideology before truth huh ? No thanks.

Thanx for effing things up for millions of Americans. Watching you two slime your way through a debate on the economy is priceless.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Net worth is something that you can recover and most have, especially quick recovery thanks to Reagan economic policies.

There is no strawman, I lived and worked during both, did you? I can say the 81-82 recession was every bit as bad if not worse economically for all Americans and the recovery was much better and quicker because of Reagan.
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130201-more-terrible-economic-news-for-republicans.jpg


:2wave:
 
Re: Economy shrinks for first time in 3 1/2 years

Kushinator said:
Net worth never fell during the Reagan administration because asset values were not falling at record levels (think net present value of fixed income securities and how they can be impacting by a decline in yield to maturity).



The recovery was better and quicker because nobody had to dig their way out of net wealth declines of 100% of GDP. It takes time for people and businesses to repair their balance sheets. Once this happens, i expect the U.S. economy to grow rather abruptly.
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To be blunt and to the point; Reagan's plan worked because it allowed production worthwhile - or in laymens terms, Reagan made it economically viable again to produce a product.

I suppose that **** happens when taxes are lowered, business owners actually take the money that would have gone to the government and use that money to hire new employees - who would have ****ing thunk?
 
Re: Economy shrinks for first time in 3 1/2 years

Kushinator said:
Net worth never fell during the Reagan administration because asset values were not falling at record levels (think net present value of fixed income securities and how they can be impacting by a decline in yield to maturity).



The recovery was better and quicker because nobody had to dig their way out of net wealth declines of 100% of GDP. It takes time for people and businesses to repair their balance sheets. Once this happens, i expect the U.S. economy to grow rather abruptly.
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You have yet to explain your personal experiences during the 81-82 recession and how it hurt you and your family?
 
Re: Economy shrinks for first time in 3 1/2 years

a351 said:
Based on what metrics? Personal recollections simply don't hold water.
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Every metric, economic growth, personal income, job creation, misery index
 
Re: Economy shrinks for first time in 3 1/2 years

And where is the unemployment figure? 157,000 net new jobs in Jan. New unemployment claims were 368,000. Do the math.
 
Re: Economy shrinks for first time in 3 1/2 years

Whipsnade said:
130201-more-terrible-economic-news-for-republicans.jpg


:2wave:
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Awesome, now how has that affected you and your family? Wall Street doing well, how about main street? Were you this excited when we had record tax revenue and a 14000 Dow in 2007?
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Awesome, now how has that affected you and your family? Wall Street doing well, how about main street? Were you this excited when we had record tax revenue and a 14000 Dow in 2007?
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Yep...It's amazing how some people don't have a dime to their name but claim Obamas economic policies are effective.

Yeah, any day now the wizard Obama will make coins and bills appear in peoples pockets, wait he already does that!

"long gone are the days where people had to earn their money, no, we will just put it in your pockets if you support Obama" Yeah that is pretty much the DNC's position.

But our economy is getting better? yeah, tell that to people who don't rely on government to put food on the table.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
Awesome, now how has that affected you and your family? Wall Street doing well, how about main street? Were you this excited when we had record tax revenue and a 14000 Dow in 2007?
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Whats not to like?BO got reelected , Hillary is zeroing in on 2016 and the baggers are destroying whats left the GOP.Even a house the gipper lived in,while in Chicago is being leveled for BO,s library.YEP.let the good times roll.:peace
 
Re: Economy shrinks for first time in 3 1/2 years

"Dad why cant we have ham tonight - because Obama said no

Let them eat cake!!!

****ing tyrants.
 
Re: Economy shrinks for first time in 3 1/2 years

Mr.Nick said:
Yep...It's amazing how some people don't have a dime to their name but claim Obamas economic policies are effective.

Yeah, any day now the wizard Obama will make coins and bills appear in peoples pockets, wait he already does that!

"long gone are the days where people had to earn their money, no, we will just put it in your pockets if you support Obama" Yeah that is pretty much the DNC's position.

But our economy is getting better? yeah, tell that to people who don't rely on government to put food on the table.
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I cant wait for that trillion dollar coin to hit ebay.I hope i can outbid con for it.:mrgreen:
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative said:
More excuses for the very poor economic policies of a President who has no interest in the private sector economy and only interest in social justice. This President is expanding the role and scope of the Federal Govt. and supporters are getting their wish, greater dependence and power.
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An article posted in MONEY NEWS today titled "Economy Could Be 'Significantly Worse' than US Says," states that while many economists say the 0.1 percent decline in fourth-quarter gross domestic product isn't as bad as it looks, financial commentator Robert Wiedemer says the number is actually worse than it looks.

That's because the government only adjusts GDP numbers by an annual inflation rate of 0.6 percent, even though the Consumer Price Index rose by 1.7 percent last year."

Because of the way they measure government spending, it doesn't always show up in GDP. The reality here is that the economy is much slower than many people, certainly the government, want you to believe......"

hmmmm....sounds like the unemployment numbers aren't the only figures that don't give the true picture of how this economy is actually doing. :(
 
Re: Economy shrinks for first time in 3 1/2 years

Whipsnade said:
I cant wait for that trillion dollar coin to hit ebay.I hope i can outbid con for it.:mrgreen:
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I see you're identified as sage............

I guess as a self professed Liberal, it beats being a potted plant.................

Sage- A Mediterranean herb with fuzzy, oval, gray-green leaves that are pungent and slightly bitter.
 
Re: Economy shrinks for first time in 3 1/2 years

Whipsnade said:
Whats not to like?BO got reelected , Hillary is zeroing in on 2016 and the baggers are destroying whats left the GOP.Even a house the gipper lived in,while in Chicago is being leveled for BO,s library.YEP.let the good times roll.:peace
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Nothing like creating a dependent society. Must make you real proud.
 
Re: Economy shrinks for first time in 3 1/2 years

Wayno said:
I see you're identified as sage............

I guess as a self professed Liberal, it beats being a potted plant.................

Sage- A Mediterranean herb with fuzzy, oval, gray-green leaves that are pungent and slightly bitter.
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Thatsa half truth... in my case the sage is the spice of life. On the other hand, the "pungent and slightly bitter "sage.:(WELL!!...just look the thread over and come to your own conclusions.:lamo
 
Re: Economy shrinks for first time in 3 1/2 years

Whipsnade said:
Thatsa half truth... in my case the sage is the spice of life. On the other hand, the "pungent and slightly bitter "sage.:(WELL!!...just look the thread over and come to your own conclusions.:lamo
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I did, about the time I saw you called yourself "slightly Liberal," and then read the "what's not to like" garbage that pretty much confirms you're anything BUT Liberal.......

And your signature only confirmed that.
 
Re: Economy shrinks for first time in 3 1/2 years

Mr.Nick said:
You're a socialist - need I say anymore?
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Yes you do. And YOU CONTINUE to make bogus stereotypes. I am not a totalitarian **** like you fashion me to be.

**** you good sir.
 
Re: Economy shrinks for first time in 3 1/2 years

Wayno said:
I did, about the time I saw you called yourself "slightly Liberal," and then read the "what's not to like" garbage that pretty much confirms you're anything BUT Liberal.......

And your signature only confirmed that.
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Kush musta handed you yer ass again eh con? Seems to me when you start arguing economics with an economist you would learn something. I didn’t look at the first pages of this thread. Tell me how many times did you hit your fav hotkey? You know, the one that you have dedicated to the bls site. The one that you use for every failed argument you post. (Which is most of your post ):peace
 
Re: Economy shrinks for first time in 3 1/2 years

Whipsnade said:
Kush musta handed you yer ass again eh con? Seems to me when you start arguing economics with an economist you would learn something. I didn’t look at the first pages of this thread. Tell me how many times did you hit your fav hotkey? You know, the one that you have dedicated to the bls site. The one that you use for every failed argument you post. (Which is most of your post ):peace
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????

I have no idea who or what a "Kush" is, but it appears the bitter part of that definition was right on.......

Sucks for you.

Nor do I understand your "bls" reference.

Is it related to the typical Liberal reference site, "Outtamyazz.com?"

Regardless, I've noticed that most white liberals have "Daddy" issues, and it appears you fit the typical mold, if you happen to be male.

So maybe you actually really do THINK you're a Liberal..........

I've met quite a lot of fascists who support this President who actually think they are, but I actually have some respect for real Liberals............

You appear to be a bit confused.

.
 
Re: Economy shrinks for first time in 3 1/2 years

Wayno said:
????

I have no idea who or what a "Kush" is, but it appears the bitter part of that definition was right on.......

Sucks for you.

Nor do I understand your "bls" reference.

Is it related to the typical Liberal reference site, "Outtamyazz.com?"

Regardless, I've noticed that most white liberals have "Daddy" issues, and it appears you fit the typical mold, if you happen to be male.

So maybe you actually really do THINK you're a Liberal..........

I've met quite a lot of fascists who support this President who actually think they are, but I actually have some respect for real Liberals............

You appear to be a bit confused.

.
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I figured that if I posted a bunch of nonsense you would feel right at home…after all it was you that made a comment about my lean (Slightly Liberal) in a thread titled “Economy shrinks for first time in 3 1/2 years. “Now if you wanta talk some smack I suggest that you read DP rules before you get your ass in trouble. Have a nice day; get back to me when, on the rare occasion you have a cognizant thought.:peace
 
Re: Economy shrinks for first time in 3 1/2 years

Wayno said:
Regardless, I've noticed that most white liberals have "Daddy" issues, and it appears you fit the typical mold, if you happen to be male.
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I'm always heartened when I see psychological advice from conservatives on poltical websites. I'm glad Freudianism isn't lost on them and their projections and sublimations. It explains a lot about their economic theories.
 
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