U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Politics and Other Controversies
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-29-2011, 06:41 AM
 
Location: Portland, OR
8,802 posts, read 8,250,926 times
Reputation: 4510

Advertisements

Economy slowed sharply in first half of year - Yahoo! Finance (http://finance.yahoo.com/news/Economy-growing-at-slowest-apf-1144260413.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=

Of note
  • First quarter growth 2011 was revised downward to 0.4%
  • Spending on long-lasting manufactured goods fell 4.4%
  • Ron Paul 2012
Being that I try to be as fair as possible, I will also note that, since the Keynesian GDP model includes government spending, the drop in government spending may have contributed to a 1.2% cut in GDP growth. Still, 2.5% annualzied growth is poor.

http://online.wsj.com/article/SB1000...152105886.html
Rate this post positively Reply With Quote Quick reply to this message

 
Old 07-29-2011, 07:11 AM
 
Location: Florida
73,521 posts, read 40,779,272 times
Reputation: 13599
I'm telling you, the GOP victory was the worst thing that could have happened to the economy. Nobody will invest in this political environment. And now they are preparing to put the economy out of its misery by launching the torpedo to block the debt ceiling raise.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:14 AM
 
Location: Great State of Texas
86,067 posts, read 78,545,952 times
Reputation: 27662
Quote:
Originally Posted by Finn_Jarber View Post
I'm telling you, the GOP victory was the worst thing that could have happened to the economy.
The economy has been on a decline for about 3 years now.
The stimulus only covered it up for a while..kick the can down the road as you say. So did QE and QEII

All that is gone now and reality has come back to slap us in the face.
7 months of Repubs in the House did not get us to where we are today.
That took decades of erosion of our financial regulations which allowed corruption and greed to grow.

This is just the culmination of bad decisions.
Very similar to events that led up to the Great Depression.
There are more similarities than you think.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:24 AM
 
Location: Norman, OK
3,479 posts, read 6,743,347 times
Reputation: 1198
Quote:
Originally Posted by Finn_Jarber View Post
I'm telling you, the GOP victory was the worst thing that could have happened to the economy. Nobody will invest in this political environment. And now they are preparing to put the economy out of its misery by launching the torpedo to block the debt ceiling raise.
Yes, I am sure that is exactly the reason... The Democrats were in control for 4 years, 2 of those with President Obama. In those last 2 years, they did nothing to get the economy going again. Instead, they spent a year fighting about a healthcare bill that is now (unexpectedly of course) going to cost much more by 2020.

Business people have come out stating they are unhappy with President Obama and are afraid to invest because of the uncertainty. This is beyond Republicans controlling one House of Congress, so you better open your eyes.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:35 AM
 
9,734 posts, read 8,907,675 times
Reputation: 6376
Quote:
Originally Posted by Finn_Jarber View Post
I'm telling you, the GOP victory was the worst thing that could have happened to the economy. Nobody will invest in this political environment. And now they are preparing to put the economy out of its misery by launching the torpedo to block the debt ceiling raise.
Government spending has NOTHING to do with the private economy. If anything, govt jobs should be outsourced to the private sector.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:37 AM
 
Location: Wisconsin
28,412 posts, read 16,652,948 times
Reputation: 8828
Quote:
Originally Posted by VTHokieFan View Post
Economy slowed sharply in first half of year - Yahoo! Finance (http://finance.yahoo.com/news/Economy-growing-at-slowest-apf-1144260413.html?x=0&sec=topStories&pos=main&asset= &ccode - broken link)=

Of note
  • First quarter growth 2011 was revised downward to 0.4%
  • Spending on long-lasting manufactured goods fell 4.4%
  • Ron Paul 2012
Being that I try to be as fair as possible, I will also note that, since the Keynesian GDP model includes government spending, the drop in government spending may have contributed to a 1.2% cut in GDP growth. Still, 2.5% annualzied growth is poor.

AHEAD OF THE TAPE: Little to Smile About With Growth Outlook - WSJ.com
Don't worry, we are saved, "The 0ne" is our president, and I'm sure he has a clue..... doesn't he?

Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:38 AM
 
Location: Dallas, TX
31,765 posts, read 26,897,786 times
Reputation: 12295
I'm surprised it even grew, considering the obstructionists.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:40 AM
 
Location: Florida
73,521 posts, read 40,779,272 times
Reputation: 13599
Quote:
Originally Posted by HappyTexan View Post
The economy has been on a decline for about 3 years now.
Really? GDP growth was NEGATIVE 6.0% in end of 2008 and we were losing 700 000 jobs PER MONTH. It has not been on decline. It has not been on fire either, but there was definitely progress until the GOP got in and started to sabotage everything.

Do you think the current political environment is conducive to the economy? Do you think that threatening the country with default is conducive to the economy? Do mock votes on HC law repeal etc help? I am disgusted at the political environment in DC at this time, and it is mostly because of GOP. I voted for them, and that was probably the last time I ever even think about voting for people like that.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:43 AM
 
Location: Florida
73,521 posts, read 40,779,272 times
Reputation: 13599
Quote:
Originally Posted by kevinm View Post
Government spending has NOTHING to do with the private economy. If anything, govt jobs should be outsourced to the private sector.
You will see that is has a lot to do with it. For example, the default will drive the interest rates very high, which will make is hard for companies to invest. Also, if the government declines to pay its bills to people and corporations, it tends to have a rather negative impact because they were counting on that money to arrive.
Rate this post positively Reply With Quote Quick reply to this message
 
Old 07-29-2011, 07:45 AM
 
Location: Here
11,542 posts, read 12,966,421 times
Reputation: 6831
Quote:
Originally Posted by Finn_Jarber View Post
Really? GDP growth was NEGATIVE 6.0% in end of 2008 and we were losing 700 000 jobs PER MONTH. It has not been on decline. It has not been on fire either, but there was definitely progress until the GOP got in and started to sabotage everything.

Do you think the current political environment is conducive to the economy? Do you think that threatening the country with default is conducive to the economy? Do mock votes on HC law repeal etc help? I am disgusted at the political environment in DC at this time, and it is mostly because of GOP. I voted for them, and that was probably the last time I ever even think about voting for people like that.
Spending us into oblivion while failing to even come up with a budget was working out swell for us. Time to stop blaming the other party and come to grips with the fact the Dems (and the Republicans) ain't worth a crap. It's our way or the highway seems to be both parties stance on any issue.
Rate this post positively Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Politics and Other Controversies
Similar Threads

All times are GMT -6.

© 2005-2021, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37 - Top