First Quarter GDP disaster...major retraction... (dollar, dictator, parties, 2013)

[MUTGR]

Originally Posted by cj0065

I just read that also funny how the OP didn't mention that. Of course when the good numbers come in it will be back to the same old "the numbers are being cooked/Obama is changing the numbers blah blah blah.

Why would I? I'm dealing in reality of what has transpired, not pie in the sky projections of what might happen next.

I would love a real 4% increase in 2nd Qtr GDP.

[Opin_Yunated]

Originally Posted by MUTGR

Why would I? I'm dealing in reality of what has transpired, not pie in the sky projections of what might happen next.

I would love a real 4% increase in 2nd Qtr GDP.

No you wouldn't.

If we have a 4% increase in GDP you (and the rest of the right-wing) would be the first to call it "fake," "unreal," or "fudged."

[thebigr]

Originally Posted by db108108

Guys, stop arguing with them. They're brick walls and astrotruf.

Next quarter is expected to show a 4% gain, based upon more recent economic data. End of discussion.

You need to call 911, you have had way to much kool-aid and you are going to die a painful death if you don't get help soon.

End of Discussion.

[TrapperJohn]

Originally Posted by Opin_Yunated

No you wouldn't.

If we have a 4% increase in GDP you (and the rest of the right-wing) would be the first to call it "fake," "unreal," or "fudged."

I just looked at the "Advanced Estimate for Q2" on the BEA website. I think you are mistaken. What is the source of this "4%"? Goldman is one popular site. Just remember that their estimate for Q1 was 3% growth as late as March. They just slashed the Q2 forecast sharply. Who is predicting 4%?

[TrapperJohn]

Originally Posted by Opin_Yunated

No you wouldn't.

If we have a 4% increase in GDP you (and the rest of the right-wing) would be the first to call it "fake," "unreal," or "fudged."

I would love 4%. Who is projecting 4%?

[Bleidd]

Originally Posted by TrapperJohn

I would love 4%. Who is projecting 4%?

The same people who said "you can keep your heath care plan, period."

[TrapperJohn]

Originally Posted by Bleidd

The same people who said "you can keep your heath care plan, period."

The White House? The official government scorekeeper hasn't projected 4%.

[gretsky99]

If we have a 4% increase in GDP you (and the rest of the right-wing) would be the first to call it "fake," "unreal," or "fudged."

4% increase in GDP with Obama in charge...LOL.LOL.LOL.LOL..

[wjtwet]

Originally Posted by dsjj251

You mind actually telling use the date, because a few days could equal anything, are you going to lie and say it was the next day ?

Freeways in Atlanta shutting down for a day does not equal negative GDP

[Mircea]

Originally Posted by Rambler123

That Recession never ended.

Yes, it did. Get over it already.

Originally Posted by dsjj251

I post a video of a Beach frozen over and you respond by saying its normal ???????

Um, for those who are not scientifically inclined....this is normal....

Originally Posted by dsjj251

1. You are wrong about GDP being the worst since the 1920/30's

No, you misunderstood what he said, but, then, we've come to expect that from you.

Originally Posted by dsjj251

2. And again, Do you not understand what shutting down 4 states that have never been shut down before looks like.

Alabama beaches have never frozen, these cities and states dont have the equipment to handle these things.

The US economy revolves around Alabama?

Didn't did you say Alabama was a craphole Red State that lived off of federal tax-dollars?

Now you're saying Alabama is the Financial & Industrial Capital of the US.

Wow....how much help did you have moving the goal-posts?

Originally Posted by dsjj251

2. Your argumetn was that their were consequences for elected barack Obama, I asked if you could explain how his 2 opponents could have done better. You failed ot do that and deflected.

I doubt they would have engaged in a misguided attempt to misdirect America's wealth into the Black-Hole Abyss known as healthcare.

Originally Posted by mwruckman

Both of these are a sign of economic health and they noted if there was a slowdown in the USA why did the hours worked and wage income not decrease and in fact increased.

Um, the Wages/Salaries for each of the 800+ Job Skill-sets are determined by the Supply & Demand of each of the 800+ Job Skill-sets in each of the 1,539 Labor Markets in the US, and not by GDP.

But thanks for you attempt to Göbbelize and mislead everyone just the same.

Wages/Salaries are independent of GDP. A increase in GDP does not and cannot cause an increase in Wages/Salaries. Likewise a decrease in GDP cannot cause a decrease in Wages/Salaries.

Originally Posted by mwruckman

No according to the Business Insider web site, nealy 3/4 of the revision was due to a sharp drop in health care spending or about -2.3% (lower insurance premiums, medical costs and payouts to hospitals and doctors due to ACA) ...

You do realize that proves I was correct all along, right?

I am probably the only person in the US who suggested there would be a recession 2nd Quarter 2014.

I suggested that in April/May of 2013....right here on C-D.

I did not follow through with an actual prediction, due to the fact that when I returned to the US back in September, Obama had begun delaying the implementation of key provisions of Obamacare.

Over the next several months, Obama continued -- with the stroke of the special dictatorial pen -- to delay key provisions of Obamacare.

At that time, I believed those actions would be sufficient to delay....but not stop...the recession.

You do understand it's a lot of work, right?

All the math -- calculus -- and the statistical analysis is very time-consuming. Sure, I've got spreadsheets I set up 10 years ago when I was in grad school, but it still takes a lot of time, almost a freaking week.

Anyway, I should have followed through, not because I'm a fame-seeker, but because I do so love to gloat.

The other important point it proves is that health insurance companies were victims and not at fault.

The bad guy this entire time is exactly who I said it was: the American Hospital Association, your entire monopoly hospital system that illegally colludes to illegally engage in price-fixing, price-gouging and over-charging Americans for healthcare services, plus your obsolete antiquated Hospital Model of healthcare delivery.

That reminds me.....can you show us in Obamacare the penalty that a hospital must pay for price-gouging and over-charging a patient $55,000 for something that probably only costs $2,800?

The reason I ask is because Common Sense People cannot find where it says it is illegal for hospitals to price-fix, price-gouge or over-charge.

But, hey.....blame insurance companies anyway...
"As to the people they have no understanding, and only repeat what their rulers are pleased to tell them" -- Protagoras

"...to get a doctrine accepted or rejected it is only necessary to have it praised or ridiculed in the Media by a popular celebrity..." -- Plato (with some literary license by me).

Anyway, it is your healthcare system, not your health insurance companies, that creates the destructive drag on your economy.

Normally...

Mircea