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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

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
The gotcha moment was the fact you chastised other posters for being poorly read on subjects you've demonstrated practically no knowledge of. The misery index at no point approached 30. Ever. Simple as that.
 
Re: Economy shrinks for first time in 3 1/2 years

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.

As a good little liberal you are going to need a lot of govt. help. Good leadership and sound economic policy would have generated the 7% GDP growth Reagan had after a worse recession than today's. Sorry but the sooner you realize that you are wrong the easier it is to correct your mistakes
 
Re: Economy shrinks for first time in 3 1/2 years

The gotcha moment was the fact you chastised other posters for being poorly read on subjects you've demonstrated practically no knowledge of. The misery index at no point approached 30. Ever. Simple as that.

The data I had showed misery index at 26+ which is closer to 30 and that is what I was using. Sorry for the error. Let me know when Obama inherited that kind of misery index?
 
Re: Economy shrinks for first time in 3 1/2 years

Not that results matter to the Obama cult but further signs that we are on the wrong path..

You lost your credibility when you said "Obama", because this is the duty of Congress, a Congress which is gridlocked.
 
Re: Economy shrinks for first time in 3 1/2 years

You lost your credibility when you said "Obama", because this is the duty of Congress, a Congress which is gridlocked.

Democrats controlled the entire Congress from 2007 to 2011 and good leadership creates the atmosphere of bipartisanship, Reagan knew it but Obama is a community agitater. Obama and his Obamabots have zero credibility and the numbers show it.
 
Re: Economy shrinks for first time in 3 1/2 years

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

Using such analysis, the recession of the 1980's was worse than the recession of the 1930's. Somehow i just cannot agree with that analysis.
 
Re: Economy shrinks for first time in 3 1/2 years

Democrats controlled the entire Congress from 2007 to 2011...

Good. Talk about that. I would like to hear you make an argument that addresses the people who are actually responsible for making our laws. But that might require you to do some actual thinking and work.

...and good leadership creates the atmosphere of bipartisanship

Uh huh. So your argument is that we don't have good leaders in Congress? Or are you suggesting, rather daftly, that the President is suppose to have powerful influence over an entirely different branch of government?

Reagan knew it but Obama is a community agitater.

Funny. I'm sure the liberals would argue the reverse. Instead of getting stuck on the President maybe you might actually inform yourself on the people who are responsible for making the laws instead of being a sheep who allows himself to be fooled into believing the president is responsible. Was Bush responsible for the entire Congress? Or does your logic only extend to Obama?

Obama and his Obamabots have zero credibility and the numbers show it.

I don't like Obama, and I don't like rapid Obama supporters, but I surely don't like people who lack so little understanding of our government that they think the president is responsible for passing laws in our country and directing the economy.
 
Re: Economy shrinks for first time in 3 1/2 years

Using such analysis, the recession of the 1980's was worse than the recession of the 1930's. Somehow i just cannot agree with that analysis.

You have provided no analysis just like you haven't told us how the recession of 07-09 hurt you or your family. Every American was affected by the high interest rates, high inflation of the 81-82 recession and Reagan leadership got us out of it. Obama's lack of leadership prolonged the most recent recession as he lacks leadership skills but is rather a leftwing ideologue
 
Re: Economy shrinks for first time in 3 1/2 years

Good. Talk about that. I would like to hear you make an argument that addresses the people who are actually responsible for making our laws. But that might require you to do some actual thinking and work.



Uh huh. So your argument is that we don't have good leaders in Congress? Or are you suggesting, rather daftly, that the President is suppose to have powerful influence over an entirely different branch of government?



Funny. I'm sure the liberals would argue the reverse. Instead of getting stuck on the President maybe you might actually inform yourself on the people who are responsible for making the laws instead of being a sheep who allows himself to be fooled into believing the president is responsible. Was Bush responsible for the entire Congress? Or does your logic only extend to Obama?



I don't like Obama, and I don't like rapid Obama supporters, but I surely don't like people who lack so little understanding of our government that they think the president is responsible for passing laws in our country and directing the economy.

Leadership comes from the top not the bottom up, Reagan understood that and worked with a Democrat House, Obama's policy of "my way or the highway" has hurt this country more than any Obamabot will admit

I fully understand who makes the laws just like I understand who sets the agenda. Obama poor leadership has created the devisive Congress we have today.
 
Re: Economy shrinks for first time in 3 1/2 years

Leadership comes from the top not the bottom up,

Bottom up? It is Congress! They make the laws! The President is only responsible for enforcing them! Take a damn class in government!
 
Re: Economy shrinks for first time in 3 1/2 years

Bottom up? It is Congress! They make the laws! The President is only responsible for enforcing them! Take a damn class in government!

LOL, executive orders aren't issued by Congress. Pay attention to what is going on
 
Re: Economy shrinks for first time in 3 1/2 years

You have provided no analysis just like you haven't told us how the recession of 07-09 hurt you or your family. Every American was affected by the high interest rates, high inflation of the 81-82 recession and Reagan leadership got us out of it. Obama's lack of leadership prolonged the most recent recession as he lacks leadership skills but is rather a leftwing ideologue

Net Worth of Households and non-profits fell by more than 30% during 2008-2009, and are still not at previous levels. I know you are having trouble understanding the significance. The total wealth in the U.S. is at 2006 levels. Anecdotes do not support your hypothesis.
 
Re: Economy shrinks for first time in 3 1/2 years

You have provided no analysis just like you haven't told us how the recession of 07-09 hurt you or your family. Every American was affected by the high interest rates, high inflation of the 81-82 recession and Reagan leadership got us out of it. Obama's lack of leadership prolonged the most recent recession as he lacks leadership skills but is rather a leftwing ideologue

It is fairly obvious from reading krushinators posts he is knowledgeable about what he is talking about on a very sophisticated level of that of being an expert.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative, you are wrong. The misery index is not the sole indicator of the depth and problems inherit in a recession. The current recession is as bad if not worse than the one in Reagan's term and worse for its length if nothing else. While inflation is not as high, unemployment is both higher and more in depth throughout the population.

Your point as to which one is worse is kind of moot because they are different circumstances with different problems. Problems which we are not solving very well imo.
 
Re: Economy shrinks for first time in 3 1/2 years

LOL, executive orders aren't issued by Congress. Pay attention to what is going on

Reachin for straws now are ya? Executive orders have what to do with the economy shrinking?
 
Re: Economy shrinks for first time in 3 1/2 years

Net Worth of Households and non-profits fell by more than 30% during 2008-2009, and are still not at previous levels. I know you are having trouble understanding the significance. The total wealth in the U.S. is at 2006 levels. Anecdotes do not support your hypothesis.

People don't spend net worth, they spend personal income. Net worth goes up and down and the problem is the net worth hasn't recovered because of very poor leadership and economic policies. You are like far too many who don't understand leadership at all. The role of the President is to be a leader and this President doesn't understand the concept.
 
Re: Economy shrinks for first time in 3 1/2 years

Conservative, you are wrong. The misery index is not the sole indicator of the depth and problems inherit in a recession. The current recession is as bad if not worse than the one in Reagan's term and worse for its length if nothing else. While inflation is not as high, unemployment is both higher and more in depth throughout the population.

Your point as to which one is worse is kind of moot because they are different circumstances with different problems. Problems which we are not solving very well imo.

Never said it was only that more people were affected by the 81-82 recession than the recent one and poor leadership prolonged the recession. A net worth drop isn't an indication of how bad a recession is unless you are selling assets. People were selling assets big time in the 81-82 recession or walking away from them. No one in 81-82 got two years of unemployment insurance and all the welfare benefits being offered today. That is reality, most youngsters today don't have any idea only buy what they read
 
Re: Economy shrinks for first time in 3 1/2 years

Reachin for straws now are ya? Executive orders have what to do with the economy shrinking?

You telling me that the Democrat controlled Congress didn't implement the President's policies? The economy shrunk because of poor leadership and poor economic policy. There is no incentive for the private sector to grow and that is the basis of our economy.
 
Re: Economy shrinks for first time in 3 1/2 years

Using such analysis, the recession of the 1980's was worse than the recession of the 1930's. Somehow i just cannot agree with that analysis.

FDR's policies prolonged The Great Depression. So in a way, you are correct, though only to your detriment. You undermine your own argument by trying to use it as an example.

Par for the course

FDR's policies prolonged Depression by 7 years, UCLA economists calculate / UCLA Newsroom
 
Re: Economy shrinks for first time in 3 1/2 years

Moderator's Warning:
Personal attacks, trolling, baiting, anything even remotely off topic, it all needs to come to an end.
 
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."

You say "Many of the people responsible bought the White House for this President "Lets see some of the names of the people that you say bought the "white house" for BO.:peace
 
Re: Economy shrinks for first time in 3 1/2 years

Never said it was only that more people were affected by the 81-82 recession than the recent one and poor leadership prolonged the recession. A net worth drop isn't an indication of how bad a recession is unless you are selling assets. People were selling assets big time in the 81-82 recession or walking away from them. No one in 81-82 got two years of unemployment insurance and all the welfare benefits being offered today. That is reality, most youngsters today don't have any idea only buy what they read

And in this one, people are having assets forclosed or repossessed. Your view of things is myopic. This recession is pretty bad. Comparing it to 81-82 doesnt do anything useful or constructive, unless we learn something from it.
 
Re: Economy shrinks for first time in 3 1/2 years

You say "Many of the people responsible bought the White House for this President "Lets see some of the names of the people that you say bought the "white house" for BO.:peace

You ignoring his supporters in the financial district is borne of what? Partisan blindness?

Lawyers, academia, unions, the press, financial sectors, all had heavy support for Obama.
 
Re: Economy shrinks for first time in 3 1/2 years

As a good little liberal you are going to need a lot of govt. help.

Good leadership and sound economic policy would have generated the 7% GDP growth Reagan had after a worse recession than today's. Sorry but the sooner you realize that you are wrong the easier it is to correct your mistakes
With what exactly? The figures are what they are. No need to double down on an obvious error.

Pure speculation and of the wishful variety at that. Absolutely none of the fundamentals would suggest 7 percent growth was ever in the cards following a recession of this magnitude. Recessions accompanied and driven by the financial sector and truckloads of household debt simply aren't wished away by mere leadership.
 
Not that results matter to the Obama cult but further signs that we are on the wrong path and that Obama doesn't have any interest in growing a private sector economy. The new normal today is high unemployment, high debt, massive dependence on the govt, and low economic growth. Congratulations to those of you who believe it is the role of the govt. to provide cradle to grave coverage funded by the rich.

US economy shrinks 0.1 percent, 1st time in 3 1/2 years | Fox News

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