U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487:681]

Fenton · Jul 3, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Buddha C said:
Yes, let's all materialize vast reserves of oil and ports and questionable fracking policies. :doh

Oil and Gas in Texas is only 10 percent of our GDP.

California has Silicon Valley which is also 10 percent of their GDP

So why are we so successful and they're so much in debt ?

Buddha C · Jul 3, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Fenton said:
Oil and Gas in Texas is only 10 percent of our GDP.

California has Silicon Valley which is also 10 percent of their GDP

So why are we so successful and they're so much in debt ?

California:

http://www.caltax.org/201003_CalTaxResearchBulletin_Decade of Waste.pdf

Texas:

Natural Resource exploitation.

It's like saying New Jersey found a huge oil reserve to the east of its coast, mined it and claimed that Democrat policies were chief to the economic boom. It's Stupid.

imagep · Jul 3, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Fenton said:
LOL !

Whi needs " credit " when you can build a surplus ?

Like Texas, whos currently build on to a 10 Billion dollar surplus.

Sounds like they are stealing from the taxpayer to me. Taxing money away from tax payers without providing any services for those taxes. Disgusting.

HogWash · Jul 3, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Conservative said:
U.S. Economy Shrinks By Most Since Great Recession in 1Q | Fox Business

Congratulations, Liberals, you are getting what you want, A European Socialist economy dependent on a Federal Govt. run by liberals and with more people dependent on that govt. for existence. This is exactly what you get when you elect and re-elect a totally unqualified individual to the highest office in the land, High unemployment, high debt, low economic growth are the new normal in this country

And what they are getting is exactly what they wanted...a dead United States. A country that won't even be able to defend it's on shores and borders.

Buddha C · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

HogWash said:
And what they are getting is exactly what they wanted...a dead United States. A country that won't even be able to defend it's on shores and borders.

A guy named HogWash spouting HogWash...

Can't tell if trolling, sarcasm or...

Gina · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Conservative said:
Communist suits you well, total ignorance

Buddha C said:
OH! How Erudite! :doh

Man, you Are a Conservative, threw and threw baby.

Moderator's Warning:

That is enough. Discuss the topic, not each other and if you see violations, report it, DO NOT discuss it. Any further off-topic posts will result in thread bans and/or points. This is a zero-tolerance warning.

Fenton · Jul 4, 2014

imagep said:
Sounds like they are stealing from the taxpayer to me. Taxing money away from tax payers without providing any services for those taxes. Disgusting.

Of course your disgusted.

Texas is successful AND run by the GOP.

DA60 · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

According to zerohedge, JP Morgan has cut their GDP forecast for the entire 2014 year to only 1.4%....yikes.

JPM Cuts Its Original 2014 GDP Forecast In Half, Sees Slowest Full Year Growth Since 2009 | Zero Hedge

So much for that big, post storm surge, huh?

So, because of some bad weather for a few months in less then 1/2 the country...the entire GDP of America will only be 1.4% in 2014...the worst in five years?

Riiiight...another Keynesian 'my-dog-ate-my-homework' excuse.

America lost 523,000 full time jobs last month.

http://www.bls.gov/news.release/empsit.t09.htm

The economy is mediocre at best.

HogWash · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Buddha C said:
A guy named HogWash spouting HogWash...

Can't tell if trolling, sarcasm or...

Per the admitted communist.

Buddha C · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

HogWash said:
Per the admitted communist.

Yes, let's avoid discussion and go straight to rote insults because of Partisanism.

'Murica o/

HogWash · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Buddha C said:
Yes, let's avoid discussion and go straight to rote insults because of Partisanism.

'Murica o/

You mean a response such as "hogwash by HogWash? At least you admit your political leaning.

Buddha C · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

HogWash said:
You mean a response such as "hogwash by HogWash? At least you admit your political leaning.

"And what they are getting is exactly what they wanted...a dead United States. A country that won't even be able to defend it's on shores and borders."

^ What else am I suppose to say about this? I mean. Really.

Oh, and about your quote. You live in an very inefficient Socialist interpretation of a society. So, lol good for you.

HogWash · Jul 4, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Buddha C said:
^ What else am I suppose to say about this? I mean. Really.

Any damn thing you want to say. I mean. Really.

This is America...at least until the communists take completely over. Then it's no holds barred. We'll be saying what we want to say in prison or up until the execution. That is if you disagree with where private ownership has been abolished and the means of production and subsistence belong to the community...or really the dictator running the 'community'.

grip · Jul 4, 2014

Conservative said:
U.S. Economy Shrinks By Most Since Great Recession in 1Q | Fox Business

Congratulations, Liberals, you are getting what you want, A European Socialist economy dependent on a Federal Govt. run by liberals and with more people dependent on that govt. for existence. This is exactly what you get when you elect and re-elect a totally unqualified individual to the highest office in the land, High unemployment, high debt, low economic growth are the new normal in this country

With all the credit gone that was offered by the banks and investors the economy had to shrink.

Conservative · Jul 4, 2014

grip said:
With all the credit gone that was offered by the banks and investors the economy had to shrink.

So all the credit is gone? Where do you get that information?

grip · Jul 5, 2014

Conservative said:
So all the credit is gone? Where do you get that information?

Extreme much?

Conservative · Jul 5, 2014

grip said:
Extreme much?

Didn't you say that all the credit was gone? I don't project at all, I post data and facts along with my interpretation of that data

grip · Jul 5, 2014

Conservative said:
Didn't you say that all the credit was gone? I don't project at all, I post data and facts along with my interpretation of that data

Being so literal doesn't make your statements seem any smarter, it just makes them appear desperately literal.

Conservative · Jul 5, 2014

grip said:
Being so literal doesn't make your statements seem any smarter, it just makes them appear desperately literal.

Your statement and what I responded to

With all the credit gone that was offered by the banks and investors the economy had to shrink.

grip · Jul 5, 2014

Conservative said:
Your statement and what I responded to

Ahhh,,, you couldn't separate "all" from "excessive" amounts of credit? I'd really roll my eyes if I had to be literal with you on every comment. Let's just say you weren't capable of understanding what I meant.

idea_steed · Jul 8, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

imagep said:
.

Regardless, no president was going to stand by and let our economy go down the toilet while doing nothing. I don't care who was elected, that person would have pushed for some sort of stimulous program.

I would have preferred massive tax cuts for the worker/consumer class, and a significant reduction in corporate income tax rates.

Of course every president prioritizes the economy. Whatever gimmicks his slogan carries, the economic element is a must.
As for your idea of massive tax cuts, I am a bit doubtful since the government is having a massive debt now and your method will just exacerbate the fiscal burden. Some countries like China, Japan probably want the US to pay its debt. So if they really want that, what can the US government do?

Montecresto · Jul 8, 2014

Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

Fenton said:
Lets look at it HONESTLY.

Obama signed 9 out of the 12 Spending appropriations bills from Pelosi's FY2009 Budget.

He then passed " Stimulus " ( a pay off to the Unions ) and then ran 3 Consecutive TRILLION dollar plus annual deficits.

So he lowered deficit spending from 1.3 Trillion down to 600 Billion for the years following ?

Big damn deal , it still equates to 6 trillion added to our debt in 5 years.

What are you trying to prove ?

Wow, with the numbers in front of you, and Reagan's spending on steroids @ 189% against Obama's 16%, you still criticize Obama and give Reagan's tripling of the ND a pass, it would be incredible if it wasn't seen all the time.

Fenton · Jul 8, 2014

Montecresto said:
Wow, with the numbers in front of you, and Reagan's spending on steroids @ 189% against Obama's 16%, you still criticize Obama and give Reagan's tripling of the ND a pass, it would be incredible if it wasn't seen all the time.

Reagan ?

Under Reagan's administration there were 35 Million new jobs created. Under Reagan we had the longest period of peace time economic growth in our Nation's History.

6 years under Obama ? 3 percent contraction with people like you blamin it on the weather.

Spending in 1983 was 23.5 percent of GDP, in 1989 it was 21.2 percent.

Montecresto · Jul 8, 2014

Fenton said:
Reagan ?

Under Reagan's administration there were 35 Million new jobs created. Under Reagan we had the longest period of peace time economic growth in our Nation's History.

6 years under Obama ? 3 percent contraction with people like you blamin it on the weather.

Spending in 1983 was 23.5 percent of GDP, in 1989 it was 21.2 percent.

We are talking about the shrinking of the economy, the national debt now and then, and Reagan's tripling of the national debt and our subsequent fall from the largest creditor nation to the largest debtor nation. And thus the reason we are in the horrible shape were in today. Btw, do you know anything other than partisan? Also, I'm no fan of obamanomics either. It seems physical conservatism exists in speak only.

Fenton · Jul 8, 2014

Montecresto said:
We are talking about the shrinking of the economy, the national debt now and then, and Reagan's tripling of the national debt and our subsequent fall from the largest creditor nation to the largest debtor nation. And thus the reason we are in the horrible shape were in today. Btw, do you know anything other than partisan? Also, I'm no fan of obamanomics either. It seems physical conservatism exists in speak only.

You're being dishonest AGAIN.

Debt to GDP.

It shrunk under Reagan, AND we had unprecedented peace time growth

If you're going to apply that metric to Obama why won't you apply it to Reagan ?

U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487:681]

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