Us economy shrank at 0.7 percent rate in first quarter

And he will continue to refuse to admit he was wrong and change the course.

 

Bills that would lead to jobs, including another stimulus back when; like raising the minimum wage which will lead to increased consumer spending which will lead to more jobs; passing a decent increase in the gas tax and tying it to inflation so that we could start the massive job of repairing infrastructure; etc. etc. etc.

Their budget? Dude, it's a freakin' JOKE! Now, tell me you believe they presented a balance budget and we can all have another hearty laugh.

The only very successful thing Republican tax cuts have done is to open the Treasury's doors to the wealthy and screw the middle class and everyone else.

 

Did the economy really shrink? Maybe not, maybe it actually grew. Wrap your heads around this one, boys and girls:

 

If throwing money around was the answer, the economy should be booming considering how much money has been spent under Obama.

 

You apparently have no idea of how deep that economic hole was that Mr. Bush and fellow Republicans dug for this country. Even all of the experts on both sides underestimate just how bad it was going to be when Obama was elected.

 

Throwing money at companies like Solyndra didn't exactly create the millions of high paying jobs the Democrats both on this forum and in government promised it would do.

I realize that the idea of throwing money at problems seems like it could work, but that isn't always the case. In fact, it is rarely the case.

 

They did the exact same thing last year. It shrank for one quarter and they were all claiming it was the start of the recession. Then we started growing again. There is a reason recessions are labeled as 2 quarters of shrinkage in a row.

 

So you like huge recessions, 12% unemployment, unpaid for wars, and a collapsing financial system more than what we have now? I'd say you must be a conservative.

 

I realize from your post, you are not acquainted with the various steps the government took to avoiding a total massive, worldwide depression. Might want to look into that.

I'd also say you have a loyal Fox News viewer and listener to Rush, Sean and other similar folks.

 

Or you might want to actually present some sort of a case. Repeatedly telling people to go look into things because you apparently lack the ability to actually support your assertions is silly.

So you aren't even going to attempt to refute my example of one of these programs you think we need and how badly it failed? Why am I not surprised?

 

I think it's funny how a positive spin has to be put on bad news by the far left sycophants in the MSM. If Bush were in office it would be something like, "Bush administration lies about economic numbers, economy much worse than thought", or "Misleading numbers now prove we are in a new recession".

 

Here's the NY Times funny spin on it:

Don't worry folks...don't even think about a recession...pretend we never mentioned it.

 

Give 'em books, give 'em books and what do they do but eat the covers. I mean, like why bother? No matter how many facts I give you, yo won't believe any of them.

If that's all you got, you ain't got squat. Not even worth worrying about. Bye.

 

No. You are clearly incapable of supporting your arguments. I have given you the opportunity to do so, yet even when called out, you couldn't.

Says the man that has completely failed to support his assertion. You really are a failure.

 

WHHHHHHAAAAAATTTT???????

Seriously? They gave him nearly $1 TRILLION!!!! You do remember "shovel ready jobs"?

Are you trolling us?

 

Gee, lets figure this out... We have a "consumer based economy" which relies on people going into debt to spend next years earnings on todays consumption.....
Then we decimate the wages of the workforce by offshoring the good jobs and replacing them with bartender and waitress jobs....
And then simultaneously we increase the costs of day to day expenses like housing, food, utilities, and "mandatory healthcare" so people are both experiencing lower wages and higher costs of living...
And then we cannot figure out why they do not have the discretional spending to support the "consumer based economy".

So what's the answer coming from government? To pass a new trade bill which will drain more jobs from the US economy...

You can't make this crap up..... But hey, the sheeple are getting exactly what they deserve, and I look forward to the coming economic crash so that I can profit from the idiocracy that infects the masses. Bring it on.

 

^^^^^ and then we blame Bush after 6 years of fail by Barack Obama with 2 years of full Democratic control.

It's not sane.

 

What bills? Everything Obama has done has harmed the economy in some way..
His illegals are taking jobs away from Americans.

 

Probably more to do with low fuel prices continuing. If people take the extra money and either save it or pay down existing debt, there would be a drain on GDP compared to what it could have been.

 

Ok, let's say all of that is true.

Can you point to where welfare spending actually improves the overall country? All the stats and chats I see show it doesnt work worth a spit.

Would you be for some kind of welfare with responsibilities? Would you be ok with completely cutting someone off at some point if they refuse to even try?

There has to be a fail point somewhere, liberals wont allow that and as sad as it is you cannot force someone to take care of themselves.

 

What about all those great shovel ready jobs that California is providing in order to build a high speed rail system? Over 3 billion in federal grants, another 10 billion from California tax payers, and possibly a billion a year from california's cap and trade system, and...

they are more than likely going to end up outsourcing that job to the Chinese because Americans are incapable of building a train using 50 year old technology.

 

Indeed. From what political angle do you come at this analysis?

This observation was very well done.

 

What do you mean by improving the country? Welfare maintains consumer spending and prevents destitution. That's all. Isn't that important?

Your welfare requirements are some of the most stringent in the western world. If making them more stringent was the ticket don't you think that would have worked already?

 

1stQ GDP was surely affected by the Obama Care employer mandate which began in January.