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So, it's a long, very long, slow and did I say long ..recovery.
The recession was over, as declared by the experts, in June 2009.
Definitely not a "V" as many thought.
Who would be these people? Did they not learn from 2001 recession, which was over in Nov 2001? And that was NOTHING compared to the debacle that happened, starting in Dec 2007.
Grade school type debating error. You're saying that because A happened while condition B happened that A caused B. Basically, you'd get an F in grade school.
Making statements like that with nothing to back it up might make people assume that you're not of very high intelligence.
To begin with - thanks for the name calling.
Is that what I said?
If I wanted to say that - I WOULD HAVE SAID THAT A CAUSED B. But, I didn't.
I said -
Quote:
The Commerce Department reported that Gross Domestic Product expanded at a 1.9 percent annualized rate in the first quarter, down from its initital estimate of 2.2 percent and much slower than the 3.0 percent pace clocked in the fourth quarter of last year.
The report also showed that after-tax corporate profits dropped for the first time in three years.
Obama's policies are sending America in the wrong direction.
Don't accuse me of something just because you have to read something other than what is written.
The evidence is here for everyone to see and judge.
You, noexcuseforignorance, are the one who has made yourself look stupid.
The Commerce Department reported that Gross Domestic Product expanded at a 1.9 percent annualized rate in the first quarter, down from its initital estimate of 2.2 percent and much slower than the 3.0 percent pace clocked in the fourth quarter of last year.
The report also showed that after-tax corporate profits dropped for the first time in three years.
Obama's policies are sending America in the wrong direction.
Why do we have to go to such lengths and spell out everything to this extent to get Democrats to understand a simple figure put out by a Governmental Agency?
I don't give a crap about your CBO estimates about what would have happened if Obama didn't blow $800 billion on a stimulus gamble.
Last edited by Yooperkat; 05-31-2012 at 02:24 PM..
What the hell is this? CBO predictions and guesses? Estimates of growth between .1% to 1% had the stimulus not been passed?
You give us a 9 page CBO prediction report to dispute Obama's Commerce Department?
I was given a link to that report by a "conservative" like yourself whose sole purpose in life appears to be blaming Obama. Although, in your defense, I would say you at least counted pages and read at least some of it... unlike my source of that information from yesterday.
As for what the hell it is... it is CBO's analysis of effects of Obama's stimulus for the first quarter of 2012, the same period you quoted for this thread.
It appears though, that you disagree with it. What is your basis for disagreement? Your feelings from the guts, or something more credible than that?
The Commerce Department reported that Gross Domestic Product expanded at a 1.9 percent annualized rate in the first quarter, down from its initital estimate of 2.2 percent and much slower than the 3.0 percent pace clocked in the fourth quarter of last year.
The report also showed that after-tax corporate profits dropped for the first time in three years.
Obama's policies are sending America in the wrong direction.
So, it's a long, very long, slow and did I say long ..recovery.
The recession was over, as declared by the experts, in June 2009.
Definitely not a "V" as many thought.
I never thought it was going to be a V.
The biggest problem is there are no demographic, technical, or investment drivers to propel the economy much beyond a 2.5% to 3.0% growth rate at most. There also is still plenty of outsourcing going on and the entire European sovereign debt situation is also drag on the economy.
The biggest problem is there are no demographic, technical, or investment drivers to propel the economy much beyond a 2.5% to 3.0% growth rate at most. There also is still plenty of outsourcing going on and the entire European sovereign debt situation is also drag on the economy.
The only "driver" was the USG and they can't take on much more debt.
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