Thread: Economic growth in US down to 1.5% -- thanks, Obama.

Where are all the hyperlibs this morning telling us how wonderful the economy is and, to remind us, as Obama tells us, "the private sector is doing just fine!"

Obviously, Libocrats have a very different idea of what "doing just fine" means if they are happy with growth of 1.5%:

http://www.nydailynews.com/news/nati...icle-1.1123271

http://www.ft.com/cms/s/0/2e20b90e-d...#axzz21vGJiFsO

http://www.washingtonpost.com/busine...iDX_story.html

And, yeah, the hyperlibs will tell you it's all Bush's fault, but after Bush left, the Obama regime orchestrated "rescues", "bailouts", "stimulus" frauds, "quantitative easings I and II, interest-manipulating "twists", and other Keynesian nonsense for the past 3 1/2 years -- and what has it gotten us? A National Debt that stands this morning at a staggering $15.9 TRILLION dollars (it was $10.6 Trillion when Bush left office).

How in the name of sanity could anyone but a reckless, careless Socialist, who has never had to earn his own living, want FOUR MORE YEARS of this kind of delusional financial idiocy?!

Originally Posted by Pollycy

Where are all the hyperlibs this morning telling us how wonderful the economy is and, to remind us, as Obama tells us, "the private sector is doing just fine!"

Obviously, Libocrats have a very different idea of what "doing just fine" means if they are happy with growth of 1.5%:

http://www.nydailynews.com/news/nati...icle-1.1123271

http://www.ft.com/cms/s/0/2e20b90e-d...#axzz21vGJiFsO

http://www.washingtonpost.com/busine...iDX_story.html

And, yeah, the hyperlibs will tell you it's all Bush's fault, but after Bush left, the Obama regime orchestrated "rescues", "bailouts", "stimulus" frauds, "quantitative easings I and II, interest-manipulating "twists", and other Keynesian nonsense for the past 3 1/2 years -- and what has it gotten us? A National Debt that stands this morning at a staggering $15.9 TRILLION dollars (it was $10.6 Trillion when Bush left office).

How in the name of sanity could anyone but a reckless, careless Socialist, who has never had to earn his own living, want FOUR MORE YEARS of this kind of delusional financial idiocy?!

As long as libs have Obama to hand out government checks they don't need a good economy.

Originally Posted by Mac-7

As long as libs have Obama to hand out government checks they don't need a good economy.

Unfortunately you're right. About half the people in this country don't pay taxes, and nearly half the population is on public assistance of one kind or another. They couldn't care less if the so-called recovery is real or not, as long as they get their government checks, food stamp credit cards and all the rest of the expensive crap that ran the national debt up to nearly $16 trillion dollars The really bad thing about this is that you can be on welfare and still have the right to vote in this country. That is the killer! And it will kill us too! The only "growth" they notice is the growth in their ass from sitting on it all day and doing nothing. The only interest they have in the growth of a business is so that the government can tax it more to provide more welfare forever.

Obama built that.

Originally Posted by conservaliberal

Unfortunately you're right. About half the people in this country don't pay taxes, and nearly half the population is on public assistance of one kind or another. They couldn't care less if the so-called recovery is real or not, as long as they get their government checks, food stamp credit cards and all the rest of the expensive crap that ran the national debt up to nearly $16 trillion dollars The really bad thing about this is that you can be on welfare and still have the right to vote in this country. That is the killer! And it will kill us too! The only "growth" they notice is the growth in their ass from sitting on it all day and doing nothing. The only interest they have in the growth of a business is so that the government can tax it more to provide more welfare forever.

There are also all the government workers who generally make more that they deserve.

While a few might lose their jobs in a bad economy Obama is working tirelessly to get as much money for them as possible.

So they also get paid the same whether the economy is growing or not.

I can't provide metrics to support this, but I've always believed that Americans alone CANNOT consume themselves into sustainable prosperity!

I also believe there are no guarantees that the private economy will grow at a prescribed rate which will provide Americans with everything they need.

And, I respect the fact that the USA today operates in a global economy.

So, if we can't consume ourselves into sustainable prosperity, then the USA must encourage consumption from outside of the USA...which would be exports.

If the USA operates in a global economy, then the USA has no choice whatsoever but to compete with business entities outside of the USA.

It is obvious to me, that current domestic consumption is about 65% of the economy with the other 35% being exports. So I ask myself what does it take for more domestic and foreign consumption of American products and services? What is the impetus to increase either of these consumer driven economies?

Is it possible that most Americans simply don't have the money, or the need, to buy much more stuff? Is it possible that we cannot greatly increase exports because of the cost of doing business in the USA? If so, then how can we expect GDP growth to be anything more than 1-2%?

Something like 10,000 baby-boomers retire every single day, and these boomers were consumers on steroids! Are they being replaced with 10,000 equal consumers every day...I don't think so.

As costs to do business in the USA continue to climb, how can this allow US business to be more competitive in the global economy thereby increasing exports?

I think every single American is to blame...

Originally Posted by Pollycy

Where are all the hyperlibs this morning telling us how wonderful the economy is and, to remind us, as Obama tells us, "the private sector is doing just fine!"

Obviously, Libocrats have a very different idea of what "doing just fine" means if they are happy with growth of 1.5%:

http://www.nydailynews.com/news/nati...icle-1.1123271

http://www.ft.com/cms/s/0/2e20b90e-d...#axzz21vGJiFsO

http://www.washingtonpost.com/busine...iDX_story.html

And, yeah, the hyperlibs will tell you it's all Bush's fault, but after Bush left, the Obama regime orchestrated "rescues", "bailouts", "stimulus" frauds, "quantitative easings I and II, interest-manipulating "twists", and other Keynesian nonsense for the past 3 1/2 years -- and what has it gotten us? A National Debt that stands this morning at a staggering $15.9 TRILLION dollars (it was $10.6 Trillion when Bush left office).

How in the name of sanity could anyone but a reckless, careless Socialist, who has never had to earn his own living, want FOUR MORE YEARS of this kind of delusional financial idiocy?!

Any way you cut it, this "band-aid economy" recovery was nothing but Federal Reserve bull(*)(*)(*)(*) from the beginning. If anybody doubts that what will they say between now and about the end of September when Bernanke powers up the printing presses and "stimulates" the economy with yet another Quantitave Easing? All this does is keep the Suckers Rally going on Wall Street and prop up the bankers. A growth rate of 1.5% is practically grounds for impeachment given that Obama has swelled the national debt nearly six trillion dollars to accomplish nothing better than that. What a bunch of really stupid idiots these socialists are.

1.5% is a really bad number it is bad just like 8.2%.

Obama is a total failure.

I've noticed some liberals on this forum have made the argument that our current economy is an Obama success story, because there is positive economic growth, even though economic growth has been declining all year. I recently saw an Obama ad in which he said his plan worked (!).

I wonder if he can actually get re-elected at the same time we slide into a new recession? If so, I guess we will have earned a 2nd term Obama administration.

Originally Posted by Pollycy

Economic growth in US down to 1.5% -- thanks, Obama.

the gop and guys like bill looman are who you can thank for the economy


Georgia Businessman Refuses to Hire Until Obama Is Fired

Nov 25, 2011

A Georgia businessman has an ultimatum for America: Fire President Obama, or he will not hire any more workers. Bill Looman, owner of U.S. Cranes LLC, said he is fed up with the bad economy and D.C. politicians who do nothing to solve the problem. So until there is a change of leadership, his company trucks will bear the message: “New Company Policy: We Are Not Hiring Until Obama Is Gone.”

http://abcnews.go.com/blogs/politics...bama-is-fired/