U.S. grew 2.9% in third quarter, GDP shows, and there’s little sign of recession for now

Discussion in 'Current Events' started by Egoboy, Dec 1, 2022.

  1. ButterBalls

    ButterBalls Well-Known Member

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    If it were as cut and dry as you make it read, there wouldn't be a inflation ;)
     
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  2. Bluesguy

    Bluesguy Well-Known Member Donor

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    And you won't hear about this in the MSM

    ARTICLE
    DECEMBER 2013
    Labor force projections to 2022: the labor force participation rate continues to fall
    Because of the decreasing labor force participation rate of youths and the prime age group, the overall labor force participation rate is expected to decline. The participation rates of older workers are projected to increase, but remain significantly lower than those of the prime age group. A combination of a slower growth of the civilian noninstitutional population and falling participation rates will lower labor force growth to a projected 0.5 percent annually.
    https://www.bls.gov/opub/mlr/2013/a...orce-participation-rate-continues-to-fall.htm

    We need people back at work being productive and adding to supply to meet demand and all those dollars In Biden's $1.9T spending and the resulting Bidenflation. If the rate continues to fall that will add to recessionary pressures as employers will have to pay out more to get people to work. As noted about the Household Survey being down the last three months and this.
     
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  3. Zorro

    Zorro Well-Known Member

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    Yes. When hard hit Americans have to get a second job, the establishment survey counts it as an "added job". You have to go to household survey, and there you see that unemployment is rising, which is also why the unemployment rate is rising. Biden and the Dems have lost us nearly a 1/2 million employed in just two months.

    [​IMG]

    We've only increased employed by 12,000 since March of this year.

    [​IMG]
    A pretense to prosperity:

    [​IMG]

    We're bleeding full time jobs, down almost a half million just since May

    [​IMG]
    The midline of the Blue Chip consensus for current GDP is less than half a percent, that is, it currently rounds to zero.
     
    Last edited: Dec 4, 2022
  4. Zorro

    Zorro Well-Known Member

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    Well, that's the fiction we are being fed.

    "“Actual personal savings levels have plummeted to the lowest levels since the GFC (Global Financial Crisis). So when the Fed claims there [are] all these great savings out there, I don’t know what they are talking about.” Financial market strategist Sven Henrich"

    And he's right, well, it's actually worse than that now: Savings rates are at 60 year lows, and probably longer than that, that's just all we have records for:

    [​IMG]
     
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  5. sec

    sec Well-Known Member

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    yes, layoffs do occur however the current intensity should concern you if you were not simply shilling for all things Democrat.

    But, since this is about how swell are Democrats and their harmful policies, then carry on.

    I do feel sad for you because you refuse to see what is right in front of you with respect to the layoffs
     
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  6. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    Shouldn't they assume some of the blame if they are in control? It would be fist time ever that happens, but they SHOULD assume some of the blame.

    However I think we have a bigger problem now that GOP leadership is calling for termination of the Constitution, and if that happens, then nothing else matters and we can stop bickering about who to blame for minor issues.
     
    Last edited: Dec 5, 2022
  7. flyboy56

    flyboy56 Well-Known Member Past Donor

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    That would be slightly more difficult to do than the left trying to ban the 1st and 2nd amendments.
     
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  8. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    I have not heard anyone demand banning them, but we HAVE heard the demand to terminate the Constitution. How do they plan to do it? I think a violent takeover is the only way, since they'll obviously never have the votes for it.
     
  9. Pollycy

    Pollycy Well-Known Member

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    Until I saw this post :above: I was certain that you were smarter than to make statements like those.

    A considerable number of us on the Right have been saying since 2020 that there is no evidence that the election that year was "stolen", and more and more of us have been saying since then that we do not want to see Trump run for the presidency again (including myself). If you really don't 'get' that, then it's because like so many closet-Leftists, you don't WANT to 'get' it.... Trump was running his garrulous mouth off again in that frankly stupid remark about the Constitution -- but NOT the "GOP leadership". So, tell us, Pro, which person in the "GOP leadership" -- besides Trump -- made remarks like that...? Take your time.... :razz:

    Next, the ultra-slim Republican majority that runs the House starting one month from today is going to inherit an economic situation already harmed by reckless, massive Democrat spending, a looming recession, billions upon billions of dollars' worth unaccounted-for 'aid' to Ukraine, energy shortages that will affect everything from heating oil to diesel, American households plunging deeper into debt at breakneck speed, and a greatly depleted strategic petroleum reserve -- which was irresponsibly drawn-down to 'jolly the voters along' with artificially-induced lower prices in order to get Democrats through the elections last month with their political asses still intact!

    Question: how of much of any of THAT will have been the fault of the Republican-led House, starting one month from today...? Go ahead... take your time. :roll:
     
    Last edited: Dec 5, 2022
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  10. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    Whether or not you want to accept it, but he is the GOP leadership, and million of his apologists such as yourself still rally around him. The consider the GOP as the "party of Trump".

    They own the situation starting from that time. Historically they always hike spending and then blame it on others. They controlled the purse 80% if the time when Obama was president, and blamed the deficits 100% on him, but when they sent out checks bearing Trump's name worth over $6 trillion in 2020, they blamed someone else. If you have not notice this pattern then....well I thought you were smarter than that, but clearly I was mistaken.

    Its funny you vote for them and them you are pre-emptively afraid that they'll be asked to own their actions.

    Dems own their spending, and GOP owns theirs.

    Rand Paul said it the best when GOP introduced their spending bill in 2017 (20% increase).

    https://www.facebook.com/watch/?v=2080221962224538
     
    Last edited: Dec 5, 2022
  11. ButterBalls

    ButterBalls Well-Known Member

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    Well done, but falls on deaf ear's sir :(
     
  12. sec

    sec Well-Known Member

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    what GOP leadership?

    Please stop with the DNC talking points
     
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  13. sec

    sec Well-Known Member

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    What office is held by Trump?
     
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  14. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    He leads his party from his residence in Mar A Lago. He is the leader as long as he has large following, which he does.

    Its the "party of Trump", although they might want to change that given how poorly they did in the midterms, and especially now that he is calling for the termination of the Constitution. He is making his party look pretty bad. If he had made this comment before the mid-terms, the GOP might not have won the House.

    The Party of Trump
    A look at the latest results from last night’s primaries, and their larger meaning for the Republican Party.
    https://www.nytimes.com/2022/08/17/briefing/liz-cheney-gop-donald-trump.html
    He has become the rare defeated president to wield enormous sway over his party, with the ability to end careers (like Cheney’s, perhaps) and to turn once-obscure candidates into winners. Trump even persuaded other top Republicans, like Representative Kevin McCarthy and Senator Ted Cruz, to endorse Cheney’s opponent.

    Its a fact, not a talking point. Does DNC even issue talking points? I wouldn't know.

    What are you saying anyway? That GOP rejects Trump?
     
    Last edited: Dec 5, 2022
  15. Pollycy

    Pollycy Well-Known Member

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    Oh, I see now... so, nobody else besides Trump (TRUMP) made statements about suspending the Constitution -- right? NOBODY else in the "GOP leadership" said any such thing -- right? As the children say, "Backpedal much...?!"

    [​IMG]

    Next, your, uh, 'clarification' that Republicans in the House would, ostensibly, 'own' the colossal mess that Democrats have made during two years of Geriatric Joe's magnificent leadership will be Republicans' fault -- right? Question: If somebody goes into your bathroom, breaks the fixtures, uses all the toilet paper, plugs the bathtub and leaves the water running causing an overflow, AND, leaves a pile **** a foot deep on the floor, is that YOUR fault?
     
    Last edited: Dec 5, 2022
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  16. ButterBalls

    ButterBalls Well-Known Member

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    What does this have to do with the OP topic? Did @Zorro crush your last talking point that bad you have to derail the thread now :(
     
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  17. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    Everyone knows it was him who made the comment, and that he is leader if "Party Of Trump". He represents the leadership.

    Sweep your tears. Everyone knows they won't own anything that happens on their watch. They never have, and never will. They want the control, and they talk about accountability, but they have no idea what it means. Everything that has happened since Jan 20, 2021 has been 100% Biden's fault, even though year 2020 was a total disaster which guaranteed inflation and supply side problems. Its ok to blame him. Who cares? Why are you so sensitive (pre-emptively) that your dear party and its leader (Trump) will be held accountable if things go South under their watch?

    I responded to a post directed to me. Is that wrong?
     
    Last edited: Dec 5, 2022
  18. ButterBalls

    ButterBalls Well-Known Member

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    I dunno, you tell me!
     
  19. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    I just did. Give it time.
     
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  20. nopartisanbull

    nopartisanbull Well-Known Member

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    Reference to FRED’s Personal Savings……

    Today’s Personal Savings Rate; 2.3%

    August 2005 Personal Savings Rate; 2.6%

    Note; TWO Personal Savings Rates at record lows, and the question is; Why?

    August 2005; Strong sales of vehicles and big ticket items…..rising home equity

    Note; In 2021, we had a record high sales of used vehicles, and at an average price of $28,000.

    My question to you Zorro; Was August 2005 2.6% Personal Savings Rate a bad thing?
     
    Last edited: Dec 5, 2022
  21. flyboy56

    flyboy56 Well-Known Member Past Donor

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    Trump loves to get under Democrats skin because you all let him. Trump didn't say he wanted to terminate the Constitution just parts of it. I'm more worried about the left getting rid of the 1st amendment for those they disagree with. We're seeing that play out in real time thanks to Elon. We're also learning the truth about how the left used Twitter to interfere with the 2020 election.
     
    Last edited: Dec 5, 2022
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  22. Pollycy

    Pollycy Well-Known Member

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    You think Trump owns the Republican Party...? You REALLY think that? You have your right to your opinion, but 'don't bet the farm'.

    Next year is going to be a textbook 'perfect storm', Pro, and I say that as an unaffiliated voter who quit the Republican Party in 2017! Trump ain't 'my guy' and never was! He was 'a port in a storm' back in 2016 when the only other alternative was Hillary (gag! puke!). But, I voted for him in 2020, too, because the only other alternative was Biden (gag! puke!).

    But like nearly all other rock-solid, right-wing Conservatives, my loyalty is first and foremost TO THE CONSTITUTION! Please remember that, if nothing else. And, I've also said right here in the Forum for many months that if Trump is charged with specific crimes, made to stand trial in a court of law, and found guilty, then he should be punished thoroughly -- again, according to law!

    As far as the economy goes, let's be sure and have this discussion again along about the end of Q2 2023. By then, the economy will be in the ditch, a lot of diesel trucks won't be going anywhere because there won't be much diesel, everybody's savings will have been pissed-away, and all the bust-out Democrat parasites will be begging for boatloads of even MORE 'free stuff' from the government -- and everybody will be screaming at Republicans in the House that, somehow, it's all THEIR fault.... Let's be sure and make a date for the end of June, by which time your 'backpedal' routine will surely be perfected....
     
    Last edited: Dec 5, 2022
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  23. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    Maybe the fact that people saved massively during the pandemic has something to do with it. Now that rates are going up, CD rates will follow. As a matter of fact, you can already get 4.5% on CDs, which is good news for retirees.

    Lot of people consider him the leader of GOP aka the name "Party Of Trump". Just look at how he was able to influence many races during the mid-terms.

    Natural born pessimists can't help themselves.
     
    Last edited: Dec 5, 2022
  24. Pro_Line_FL

    Pro_Line_FL Well-Known Member Donor

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    LOL. I guess that's all right then.

    I don't worry about it, since no one has made any hit of getting rid of it. Its in your head. Funny you are OK with Trump terminating parts of the Constitution, and with the next breath you say you worry more about.........Dems getting rid of parts of the Constitution, even thought no one has said they want to do that.

    And no, what people can and cannot say on platform like Twitter has NOTHING to do with 1st amendment.
     
    Last edited: Dec 5, 2022
  25. flyboy56

    flyboy56 Well-Known Member Past Donor

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    I didn't say I was okay with Trump terminating parts of the Constitution, I was merely pointing out your over exaggeration.
     
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