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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

right, Ford was President from 1976-1980? Was Ford President in 1980 when we were in recession? Was Reagan? Love your map, Obama did a great job generating all that red
Thankfully land doesn't vote, people do. :lamo
 
Re: Economy shrinks for first time in 3 1/2 years

Google Misery index by month and get the data. Use bls.gov, bea.gov, U.S. Treasury and U.S. Census data
Speaking of the need for better research, None of the above bureaus keep any sort of tabs on the Misery index, , those who do will demonstrate that it never so much as sniffed the 30 range as you claimed earlier. Swing and a miss all around.
 
Re: Economy shrinks for first time in 3 1/2 years

Aw, yes, short memory, high interest rates, high unemployment, negative economic growth all higher than the 08-09 recession say you are wrong. Keep reading those books and ignoring reality.

The movement of this country to the entitlement state and massive central govt. says it all. That didn't happen in 81-82.

That so called conservative whine you and others claim about is nothing more than rhetoric. Historical data plays no place in your world as feelings trump reality and negative pro growth economic policy rhetoric trumps the foundation upon which this country was built.

Actually your constant whine about books vs 'street smarts' is passe. I was everywhere from jungle to street for most my adult life. I didn't read about it, I lived it. THIS recession is far deeper with a much bigger trigger than the 80's one.

What happened is the nation went from a creditor state to a debtor state back in the 80's. The GOP spend our grandkids future for quick infusions of money to 'trickle down' on the Middle Class.

We now reap the whirlwind sown back in the 'good ol' days'.
 
Re: Economy shrinks for first time in 3 1/2 years

I am doing fine, my X employees not so much.

Don't blame Obama that you don't know how to run a successful business!
 
Re: Economy shrinks for first time in 3 1/2 years

Better research in what facet? Any figures I've presented you'd like to take a swipe at?

It really is hard dealing with such an expert as you, someone who didn't work during the 81-82 recession and is so brainwashd that they will not even do any proper research. The comparison between the two recession is there to see, you choose to believe what you are told and ignore the fact that you just come be wrong just like a lot of other people
 
Re: Economy shrinks for first time in 3 1/2 years

Don't blame Obama that you don't know how to run a successful business!

Logging is dependent on housing starts, very few housing starts means very little logging. I blame obama for keeping the economy thus housing starts in the toilet.
 
Re: Economy shrinks for first time in 3 1/2 years

Speaking of the need for better research, None of the above bureaus keep any sort of tabs on the Misery index, , those who do will demonstrate that it never so much as sniffed the 30 range as you claimed earlier. Swing and a miss all around.

No, understand that, thus the statement google misery indext by month.
 
Re: Economy shrinks for first time in 3 1/2 years

Actually your constant whine about books vs 'street smarts' is passe. I was everywhere from jungle to street for most my adult life. I didn't read about it, I lived it. THIS recession is far deeper with a much bigger trigger than the 80's one.

What happened is the nation went from a creditor state to a debtor state back in the 80's. The GOP spend our grandkids future for quick infusions of money to 'trickle down' on the Middle Class.

We now reap the whirlwind sown back in the 'good ol' days'.

LOL, yeah, right, how did this recession hurt you and your family? Obviously you need a big central govt. to protect you from poor personal choices

the debt in the 80's was 1.7 trillion in 8 years, Obama has run up almost 6 trillion in four.
 
Re: Economy shrinks for first time in 3 1/2 years

Damn that G. W. Bush for contracting the economy last quarter.
 
Re: Economy shrinks for first time in 3 1/2 years

lost a great deal of wealth? Did they sell their homes at a loss?

Job losses were worse in 81-82 as BLS shows and thanks to Obama they have to work a couple jobs to survive.

Why was the recovery quicker during the 80's?

What I will never understand is how people like you who didn't work during the 81-82 recession can claim this recession was worst.
Nope, but housing prices haven't so much as sniffed a full recuperation of the losses sustained. Financial investments also took a bludgeoning.

BLS data shows no such thing. Here's a quickie side by side of peak to trough losses. You're simply in the wrong here.

CES0000000001_3023607_1359818706031.gif


CES0000000001_3024164_1359818852193.gif


The average individual's finances weren't blown to bits. Simple as that.

The data plainly supports it. Those who know their behind from a hole in the ground recognize this immediately. Maybe you're just not one of those people?
 
Re: Economy shrinks for first time in 3 1/2 years

Actually your constant whine about books vs 'street smarts' is passe. I was everywhere from jungle to street for most my adult life. I didn't read about it, I lived it. THIS recession is far deeper with a much bigger trigger than the 80's one.

What happened is the nation went from a creditor state to a debtor state back in the 80's. The GOP spend our grandkids future for quick infusions of money to 'trickle down' on the Middle Class.

We now reap the whirlwind sown back in the 'good ol' days'.

About 80 people went to jail for the S & L scandal back in the eighties........

If this recession is so much worse, how come NOBODY has gone to jail for it?

Oh, that's right.

Many of the people responsible bought the White House for this President.

Regardless, Obama has given us the WORST and SLOWEST recovery from a recession in American history...

Regardless of HOW MUCH the media trumpets the inevitable return of the economy as some kind of "Obama miracle," he's already earned a big "FAIL."
 
Re: Economy shrinks for first time in 3 1/2 years

BTW, when is John Corzine, former Democrat governor of New Jersey going to pay for the trillion or so he ripped off from the American people?

Oh, that's right.

With every level of this President's administration looking like a Who's Who at Goldman Sachs, I'll put my money on never.
 
Re: Economy shrinks for first time in 3 1/2 years

Right, too bad people are so poorly informed including you
Poorly informed? I don't watch FoxNews. BTW, Obama won by over 5 million votes, aren't you proud of him? Hillary will win in 2016.
 
Re: Economy shrinks for first time in 3 1/2 years

LOL, yeah, right, how did this recession hurt you and your family? Obviously you need a big central govt. to protect you from poor personal choices

the debt in the 80's was 1.7 trillion in 8 years, Obama has run up almost 6 trillion in four.

I love the way 'conservatives' play off their reckless spending as minor and then claim the Dem is arbitrarily running up the debt. :roll:

The increase in spending now is due to the massive collapse of our economy. not due to war, disease or in the 80's case, a deliberate decision to borrow money claiming it will 'trickle down'. This collapse was caused by reckless private sector speculation with little government interference- love it when 'conservatives' cry about Big Gubmint yet our collapses are from a lack of government. :doh

But once again you just spray and pray, I am not some book worm so that slur is useless, now the 'depends' on government because of poor personal choices...

In 1986 my wife and I had $3500 in the bank. Today 20 times that in the bank, and that isn't our stocks and bonds but cash money as the guys at the COOP say. Our net worth is conservatively 100Xs that.

Land and cattle dude, a ranch from literally nothing.

So stifle the talk radio slurs, attacking me and my life doesn't bolster your argument, it shows your ignorance. Well better shows it... ;)
 
Re: Economy shrinks for first time in 3 1/2 years

Nope, but housing prices haven't so much as sniffed a full recuperation of the losses sustained. Financial investments also took a bludgeoning.

BLS data shows no such thing. Here's a quickie side by side of peak to trough losses. You're simply in the wrong here.

CES0000000001_3023607_1359818706031.gif


CES0000000001_3024164_1359818852193.gif


The average individual's finances weren't blown to bits. Simple as that.

The data plainly supports it. Those who know their behind from a hole in the ground recognize this immediately. Maybe you're just not one of those people?

Have you ever been in a leadership position? What leadership has Obama showed that has improved the economy? There is the basic difference between Obama and Reagan. Reagan understood and practiced great leadership skills implementing a pro growth economic policy. Compare that to Obama and you will understand why this is the worst recovery in history.
 
Re: Economy shrinks for first time in 3 1/2 years

Isn't Texas great. Born and raised in this great State.

If a shrinking economy is a "recovery" then what do we call whats happening in Texas right now ?

Improvment minus the liberal lies.

Texas is alright, especially if you are in the corporate world. If you are a worker, not so much.

BTW, the main thing wrong with Texas is too many conservatives. But don't worry, after new immigration laws are passed, we will be mostly Mexican, so good bye GOP!
 
Re: Economy shrinks for first time in 3 1/2 years

Texas is alright, especially if you are in the corporate world. If you are a worker, not so much.

BTW, the main thing wrong with Texas is too many conservatives. But don't worry, after new immigration laws are passed, we will be mostly Mexican, so good bye GOP!

Exactly, what we need is liberal misery spread equally to everyone in TX just like the misery you experience daily.
 
Re: Economy shrinks for first time in 3 1/2 years

I love the way 'conservatives' play off their reckless spending as minor and then claim the Dem is arbitrarily running up the debt. :roll:

The increase in spending now is due to the massive collapse of our economy. not due to war, disease or in the 80's case, a deliberate decision to borrow money claiming it will 'trickle down'. This collapse was caused by reckless private sector speculation with little government interference- love it when 'conservatives' cry about Big Gubmint yet our collapses are from a lack of government. :doh

But once again you just spray and pray, I am not some book worm so that slur is useless, now the 'depends' on government because of poor personal choices...

In 1986 my wife and I had $3500 in the bank. Today 20 times that in the bank, and that isn't our stocks and bonds but cash money as the guys at the COOP say. Our net worth is conservatively 100Xs that.

Land and cattle dude, a ranch from literally nothing.

So stifle the talk radio slurs, attacking me and my life doesn't bolster your argument, it shows your ignorance. Well better shows it... ;)

Just another subject you know nothing about. Go to the Budget of the United States and see what makes up the 3.8 trillion dollar annual spending

Govt spending now is similar to govt spending in the past only much more, it has to be paid for by taxes which takes money out of the people's pockets.

Great job in accumulating wealth, what democrat policies helped you create that growth and are you paying your fair share in taxes as Obama demands?
 
Re: Economy shrinks for first time in 3 1/2 years

Oh, in that case here goes:

US_Misery_Index.jpg




Hmmm

Interesting isn't it that you would tout a 20+ misery index as a gothca moment. The misery index alone makes the 81-82 recession worse and you ought to see that
 
Re: Economy shrinks for first time in 3 1/2 years

About 80 people went to jail for the S & L scandal back in the eighties........

If this recession is so much worse, how come NOBODY has gone to jail for it?

Oh, that's right.

Many of the people responsible bought the White House for this President.

Regardless, Obama has given us the WORST and SLOWEST recovery from a recession in American history...

Regardless of HOW MUCH the media trumpets the inevitable return of the economy as some kind of "Obama miracle," he's already earned a big "FAIL."

Nice try, the financial sector spent money fairly freely for one of their own, Willard.

What dramatically changed from the S&L collapse and this one is the financial leaders learned a valuable lesson. Use the election bribe called campaign contributions in Congress to push the agenda of ending 'stifling Gubmint red-tape'! (Others call it firewalls to prevent just what happened) What they did was simple, remove the regs that snared the S&L managers and invent new areas to play with other people's money outside the regulators. Oh yeah, and reduce the regulators in number and authority.

Too big to jail started with BushII, the bail-out for corporations started with BushII.

Given the width and depth of this recession, I find the 'conservative' whine just partisan belly aching.
 
Re: Economy shrinks for first time in 3 1/2 years

Exactly, what we need is liberal misery spread equally to everyone in TX just like the misery you experience daily.

You are so full of **** I can smell you all the way across Houston. You don't have a clue as to what I experience daily. When I come to this site the worse thing is dealing with assholes like you!
 
Re: Economy shrinks for first time in 3 1/2 years

You are so full of **** I can smell you all the way across Houston. You don't have a clue as to what I experience daily. When I come to this site the worse thing is dealing with assholes like you!

What you experience is of your own doing so stop blaming someone else. Love the personal attack, typical of a liberal.
 
Re: Economy shrinks for first time in 3 1/2 years

Have you ever been in a leadership position? What leadership has Obama showed that has improved the economy? There is the basic difference between Obama and Reagan. Reagan understood and practiced great leadership skills implementing a pro growth economic policy. Compare that to Obama and you will understand why this is the worst recovery in history.
Irrelevant. Your claim was simply incorrect yet again. Peak to trough job losses positively dwarfed the 81/82 figures. No amount of diversion will change that fact.
 
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