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. Steve N

    Steve N Well-Known Member Past Donor

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  2. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    When the Fed is doing these kinds moves, it will result in jittery Wall Street. A global recession is predicted, but it might be short lived, and then the Fed will do the opposite, - cut rates which the Wall Street likes. At least now they have the ammo to react.
     
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  3. Pollycy

    Pollycy Well-Known Member

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    Once again, I must agree with you... at least insofar as the Fed is concerned. Those corrupt manipulators will scale back their December rate hike to a microscopic half-point -- and the stock markets will piss themselves in joyful appreciation. In other words, look for a big year-end boom for the Fed's big fraud-balloon. Then, after Republicans take over the House at the beginning of January, the stock market gamblers may be singing a different song altogether....

    [​IMG]. Eventually, overblown valuations will have to face reality....
     
    Last edited: Dec 6, 2022
  4. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Why do you think GOP taking over Congress would have a negative effect on it? Government shut-downs?
     
  5. Pollycy

    Pollycy Well-Known Member

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    No government shutdowns! Oh, hell no. Republicans may have been somewhat demented the past two years, but they won't put the Nanny State in a 'lock box'.

    But, they won't start any big, new spending programs, either... and as the recession mounts, the stock markets won't like that at all.
     
    Last edited: Dec 6, 2022
  6. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    They have shut down the government in the past and they always increase spending.

    However, investors don't care about increased spending. As a matter of fact they like spending if anything (depending on the where the spending goes).

    Its a gridlock government and the markets like that.
     
    Last edited: Dec 6, 2022
  7. The Mello Guy

    The Mello Guy Well-Known Member

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    Nah all those “real” numbers didn’t get mentioned for 4 years. Funny how that works.
     
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  8. Bluesguy

    Bluesguy Well-Known Member Donor

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    Why we were still coming out of the 2001 in 2004. those policies were EXACTLY what should have been done then and now. Their only mistake in 2001 was the $600 prebate to the tax rate cuts and then the phasing in of the rate reductions. They fixed that in 2003 phasing them all in and the economy was strong for the next 4 years. We had record cap gains revenues and with full employment and rising incomes we had a record increase in tax revenues and a paltry $161B deficit. When have the Dems even come close with their policies?
     
  9. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    It was the path to destruction, and if anyone who was pleased with the economic meltdown of 2007-08 would love to repeat it, but I think that is a very small minority. All the Fed and the Shrub did was throw more fuel in the fire in the years leading to the catastrophe when they should have been throwing cold water.

    Like this boneheaded handout

    America's Homeownership Challenge - George W Bush
    https://georgewbush-whitehouse.archives.gov/infocus/homeownership/homeownership-policy-book-ch2.html

    - Mobilizing the Private Sector: America's Homeownership Challenge
    - Establish a national goal of at least 5.5 million new minority homeowners before the end of the decade.
    - Challenge the private sector real estate and mortgage finance industries to dramatically increase their efforts to reduce the barriers to homeownership faced by minority families and to work with the nonprofit sector in a concerted effort to achieve this goal through national and local partnerships.
    - Convene a White House Conference on Increasing Minority Homeownership, to highlight the homeownership barriers faced by minorities and develop proposed solutions.
    - A substantial increase of at least $440 billion in the financial commitment made by the government-sponsored enterprises involved in the secondary mortgage market, specifically targeted toward the minority market;
    - Twenty-five different local initiatives to be undertaken across the nation, geared toward eliminating the specific homeownership barriers faced by minority families in those communities;
    - A commitment to raise $750 million in below-market-rate investments by 2007, which will work in collaboration with local homeownership initiatives and be targeted to heavily minority program areas;
    - Pursuing strategic partnerships in 20 top housing markets between homebuilders, lenders, local officials, and community leaders to develop approaches that address the local challenges to building homes for minority families living in urban centers;
    - Establishing of faith-based housing partnerships between the participants and at least 100 churches, mosques, synagogues, and other faith-based institutions;
    - Aggressively developing new mortgage products so that conventional market alternatives are available to combat the predatory loan products that are disproportionately targeted to minorities;
    - Creating new mortgage products to meet the unique needs of recent immigrants;
    - Dramatically expanding financial education efforts for minorities, providing financial counseling to at least 380,000 minority families, and taking measures at the local level to reduce predatory lending; and
    - Establishing multilingual, consumer-oriented internet Web sites designed to help minorities overcome barriers to homeownership, including creation of a central data bank of affordable housing programs made available to real estate agents when working with clients.
     
    Last edited: Dec 6, 2022
  10. Bluesguy

    Bluesguy Well-Known Member Donor

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    It was a path to mitigated recession and then 52 months of full employment, a rising labor force participation rate, rising incomes and steady GDP along with those record tax revenues and measly deficit heading to surplus again. It was the Fannie/Freddie government created fiasco that stopped that economy. Bush fixed the bank thingy with TARP which was paid back with interest and early. All the Dems had to do was shore up the mortgages that were in danger which was not most people. They tried their fiscal policies and we saw the results one of the worst recession and the worst recovery. And Biden was a repeat. Do you?

    How'd the Dems do after they took back control of the Congress in 2007? When did the Dems ever do better than the Reps other than when COVID hit?
     
  11. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    Your head is too wrapped around partisan blame game to see any fault in your own leaders, which is why you are guaranteed to repeat the mistakes, and you keep asking me about Biden and Dems, but I don't give a rats ass about them.

    Sounds like you agree with the stuff that was going on in the years before the meltdown, like the Bush move (posted above) to force-feed mortgages to people who could not afford them. The meltdown didn't just happen, it was the obvious result of years long failure to see it coming and the Feds failure to act. Its their duty to foresee and prevent stuff like that.
     
    Last edited: Dec 6, 2022
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  12. Bluesguy

    Bluesguy Well-Known Member Donor

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    I note again your failure to refute the facts or address the history and instead attack me.

    I actually pointed to not one but two things I disagreed with. So far all you have done is engage in simple dismisalls and claims about me. And Bush's plan was to help subsidize people's downpayments on houses they could afford so they would have equity built in to weather difficult economic times.

    Again how'd the Dems do after taking back control of Congress in 2007. That was a year before the 2008 recession began. How did they do to pass measures to first mitigate the depth and length and then get us into a full recovery and keeping the deficits to a minimum doing so?
     
    Last edited: Dec 6, 2022
  13. Quantum Nerd

    Quantum Nerd Well-Known Member

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    How is the GOP, who is taking over the House in January, going to mitigate the predicted upcoming recession? Just wondering?
     
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  14. Bluesguy

    Bluesguy Well-Known Member Donor

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    Without the Senate and White House? You tell me. How about you tell me when are the Dems going to to anything and what they are still in control and will remain in majority control.
     
  15. Hey Now

    Hey Now Well-Known Member

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    Well, by impeaching Majorca's(?) and by investigation Hunter who!!??what!!??where!!?? of course.
     
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  16. Quantum Nerd

    Quantum Nerd Well-Known Member

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    How would the Dems have mitigated the recession in early 2007 without full Senate control and with GWB in the WH? Seems like you are already making excuses for the soon to be GOP House, while you don't give the same excuses to the 2007 House Dems.

    Now, I ask again, even without the Senate, the House GOP surely must have some policy proposals to "mitigate" the upcoming recession? What are they?
     
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  17. Hey Now

    Hey Now Well-Known Member

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    It's called disingenuous hyper partisan discourse or simply gas lighting and re-writing history. Apparently it never gets tiring...
     
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  18. grapeape

    grapeape Well-Known Member Past Donor

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    Corporations are laying off to tighten their "balance sheets" for EOY. They are using the "economy" as a crutch for PR purposes.

    I'll bet good money that these corporations that are laying off will:
    1. Pay large bonuses to the executive teams
    2. Hire most back within the first 6 months
     
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  19. Quantum Nerd

    Quantum Nerd Well-Known Member

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    Yep, and while they are doing the layoffs, the can conveniently point the finger at Biden and say (to paraphrase) "he did it". Therefore, the people laid off should be angry with Biden rather than their record profit-making employer. Isn't it nice how this PR game works?
     
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  20. BuckyBadger

    BuckyBadger Well-Known Member

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    Are you asking how The GOP can stop another Biden recession? Only by impeaching him and putting someone else in charge. Biden's inflationa nd his upcoming recession will not be stopped by the GOP.

    Election fraud has consequences.
     
  21. Quantum Nerd

    Quantum Nerd Well-Known Member

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    What's another Biden recession? I don't remember the first one. Can you clarify? The last three recessions happened under GOP presidents.
     
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  22. sec

    sec Well-Known Member

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    do you understand the costs and effort associated with layoffs ? Oh but wait, these mean and greedy corporations are doing this to make the Democrat party look bad.

    Sadly, it's harmful Democrat policies for which you voted, that has cost these poor souls their employment
     
  23. BuckyBadger

    BuckyBadger Well-Known Member

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  24. Bill Carson

    Bill Carson Banned

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    Don't give a damn about the article. The LPR has been going down since the 1960's. More welfare = less LPR.
     
  25. grapeape

    grapeape Well-Known Member Past Donor

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