BUSH!!!!!
Posted on 04/27/2012 6:34:25 AM PDT by SeekAndFind
Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.
WTF? We’re boomin, aren’t we? I hear every week we have more private sector jobs and less applications for unemployment (good Democrats don’t believe the rumors about lying statistics, etc.)
I mean at least one of the dealers in my town (Ford) has its lot more than half full (the other GM and Chrysler dealers are about 20% full). There’s not too many store fronts still vacant - and that new KFC from a year ago didn’t close because of the economy - it shut because we don’t have enough chickens here in North Georgia - yeah, that’s the ticket.....
GDP down? Nope, it’s them damned Republicans who ain’t got Obama’s back lying about it. Damned racists.
Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.
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Lol, Lazlo...I thought the exact same thing.
Any chance you want to wager it gets revised down next quarter?
At this point in time when Reagan took over ( after the Carter recession ), the US GDP was growing by above 4%.
Same was true of Bush 43 after the DOT COM bubble recession and the 9/11 attacks.
That is what we should be aiming for if we want unemployment to fall significantly below 7%.
According to the ‘rats, if the economy is still down, it’s due to Bush’s policies,
and only when it starts to get better can we say that 0bama’s policies are having an effect.
PIMCO’s (World’s largest bond fund manager) Bill Gross spent a longer-than-soundbite period discussing QE3, the chance of a US double-dip, and Europe’s ongoing dysfunction with Trish Regan on Bloomberg Television this afternoon.
Given more than his typically limited-to-ten-second thoughts some other media outlets appear to prefer, the old-new-normal-bond-king believes the Fed will resist another round of quantitative easing in the short-term but “if unemployment begins to rise for two-to-three months then QE3 is back on”.
Noting that investors should focus on nominal GDP growth, he goes on to dismiss the idea that the US can decouple from a troubled Europe pointing the political dysfunction between the Germans and the rest as greater than the polarity between Democrats and Republicans here at home.
And, Obama’s ‘policies’ won’t start having an effect until he’s re-elected, huh?
WORST .... RECOVERY ... EVER.
Well, obviously, if the economy isn’t recovering,
we haven’t given 0bama’s policies enough time to take effect - “it was worse than we thought and will therefore take more time”.
Fear not! “Recovery Summer II” will be coming soon.
Unexpected! Drink!
If he wins, expect the government to move forward, full-thrust with a one-time assessment against private 401Ks, 403Bs, IRAs, Roth IRAs, etc. to draw down the public debt.
He won’t, repeat won’t cut any of the vote-buying programs, period. Not EVER. Since he can’t sell enough T-bills to buyers (other than his own Fed), the largest single source of funds left are the funds. He will decimate them. Democrats have been lusting after them since Clinton - he’s just arrogant enough to take them by edict...all powerful Messian Obama....
—Everyone is running around this morning surprised at how low this figure is. I am surprised at how high it is.—
I’m not. It’s based on ginned math.
Ever seen this:
http://www.youtube.com/watch?v=zPkTItOXuN0
Go to 8:40 if you don’t want to watch the whole thing. It’s very enlightening, regarding how they calculate GDP.
It’s a fantasy number.
Obama is probably headed out to the golf course today thinking, “we’re right on track.”
Just the deficit spending is 10% of the US economy. IF you subtract deficit spending the GDP is really negative 8%!!!!
It must be easier to fake employment numbers than it is to fake the GDP. Great Leader needs a Czar to help remeasure GDP.
RE: Unexpected! Drink!
Congrats for being the first person to use the word in this thread.
His driving force is vengeance on the “colonialist” American capitalist system.
It’s not really about vote buying, it’s about revenge and reparations.
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