U.S. Economic Growth Nearly Stalls Out (Obama, chairman, President)

[pknopp]

Originally Posted by pghquest

Dont forget the stimulus bill was mostly "trickle up".. all of that welfare spending, we were told was going to jump start the economy because "food stamps" have a 2.5 multiplier..

Thats what they actually said, yep.. its ridiculous.

If that was true, high poverty regions in the nation would have economic booms rather than massive poverty.

Trickle up can work but no, not in that way. Let people keep more of their own money and they will spend more.

Food stamps is not an economic policy. I support "helping" people out but its to help them out, it's not an economic policy.

They are simply spending my money as opposed to me spending it.

[TrapperJohn]

Originally Posted by knowledgeiskey

Why the politicalization? This has more to do with the global economy. If anything, blame the fed and the Eurozone.

Cool story. False, but cool story.

[pknopp]

Originally Posted by TrapperJohn

Cool story. False, but cool story.

Half of it is correct.

[Goinback2011]

The Fed stopped printing money a few months ago.

[pknopp]

Originally Posted by Goinback2011

The Fed stopped printing money a few months ago.

And GDP is back closer to a real level as opposed to the inflated one they posted for years.

[pghquest]

Originally Posted by pknopp

Trickle up can work but no, not in that way. Let people keep more of their own money and they will spend more.

Food stamps is not an economic policy. I support "helping" people out but its to help them out, it's not an economic policy.

They are simply spending my money as opposed to me spending it.

But according to the left, allowing people to keep their money, is trickle down..

Their definition of economic policy is that the more you take from someone to give to others, the better we are.. its asinine.

[pghquest]

Originally Posted by Goinback2011

The Fed stopped printing money a few months ago.

Originally Posted by pknopp

And GDP is back closer to a real level as opposed to the inflated one they posted for years.

Wonder what'll happen when they start reversing it..

[pknopp]

Originally Posted by pghquest

But according to the left, allowing people to keep their money, is trickle down..

Yes.

Should 5% appear too small?

Be thankful I don't take it all.

[marcopolo]

Sheesh. Is this really a mystery?

When you raise the cost of doing business, less business gets done. Obama has been a master at this, with his tidal waves of regulation and uncertainty and government expansion.

When you raise the cost of hiring people, less people get hired. Obamacare, regulation, minimum wage...any of these ring a bell?

When you directly attack capital investments, the lifeblood of productivity growth and wage growth, you get less capital investment.

Obama has crafted the weakest economic recovery in history. It is no accident, it is not Bush's fault, Europe isn't to blame. Pelosi helped, Reid helped, Dodd and Frank and all the rest of the usual suspects helped. But this is President Obama's signature achievement.

[sxrckr]

^The answer is yes, it really is still a mystery to some. And it's usually obvious who they are.