GDP Goes Negative In Fourth Quarter

Why you agreed they would bend the cost curve down, and then there is that $2500 less in health care cost for everyone.

Why are you denying it or you don't know for sure?

"The actuaries at the Centers for Medicare and Medicaid Services are among those who believe the phenomenon is nothing more than a repeat of normal patterns that occur during and after economic recessions like the one that began in 2007.

"The trends that we've seen in the last few years are consistent with the historical relationship that we've seen between health spending and overall economic growth," said Aaron Catlin, the deputy director of the National Health Statistics Group within the actuary's office, during a press briefing Monday prior to the report's release.

Expenditures on health care, including everything from hospital procedures to prescription medicines, rose less than 4 percent a year from 2009 through 2012, after growing by an average of more than 7 percent from 2000 through 2008 and by double digits in the previous decade."
http://www.huffingtonpost.com/2014/01/06/health-care-spending_n_4549383.html

The cost increases have been falling for decades, long before Obama came to be or before it's initial start up last year.

You brought it up not me

So which is it Repubicans are bad because austerity hurt the economy
or
Obama is good because austerity cut spending and lowered the deficit

You are claiming economy growth had increased and the economy still sucks then?

DUH, who said he was.

It was the Democrats who increased spending from $161B to $1,400B not Republicans

Obama is a Democrat, he fully supported and voted for and signed into law the 2009 budget which was held over by a CR so HIS spending request could be included.

 

Been there, done that.

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I don't listen to PMSNBC.

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Look it up

 

Ushered in 52 months of full employment and solid growth and a huge surge in tax receipts. Seems pretty good to me, what was your complaint?

The bottom 50% pay virtually nothing now and the rich are paying the most in tax revenues and a higher percentage of taxes than ever. How much more do you want?

.[/QUOTE]

 

the rich pay less per dollar in taxes then the working class, we had the republicans tax cuts for the rich up until just recently, they did nothing but make the rich richer and the poor poorer

 

No quote of Obama saying health care cost overall would be lower. I didn't think he did.

I thought it was bull(*)(*)(*)(*).

That doesn't prove they had been falling for years at all.

Since 2009. What year was Obamacare passed again? Oh year, 2009.

Complete bull(*)(*)(*)(*).

You made the false claim, not me.

False premise because the tax increase has been a major reason for the lower deficit, but the former.

It doesn't suck nearly as bad as it did when Bush left office. But it still is not great.

No (*)(*)(*)(*) duh. So don't say Democrats when duh, Bush is not a Democrat.

Bush was not a Democrat, duh.

The truth is that the nearly 18 percent spike in spending in fiscal 2009 — for which the president is sometimes blamed entirely — was mostly due to appropriations and policies that were already in place when Obama took office. ... Since pictures can convey information more efficiently than words, we’ll sum up the official spending figures in this chart. It also reflects our finding that Obama increased fiscal 2009 spending by at most $203 billion, accounting for well under half the huge increase that year. ... So by our calculations, Obama can fairly be assigned responsibility for — at most — 5.8 percent of the $3.5 trillion that the federal government actually spent in fiscal 2009, which was 17.9 percent higher than fiscal 2008.

http://www.factcheck.org/2012/06/obamas-spending-inferno-or-not/

When Obama took the oath of office, the $789 billion bank bailout had already been approved. Federal spending on unemployment benefits, food stamps and Medicare was already surging to meet the dire unemployment crisis that was well underway. See the CBO’s January 2009 budget outlook.

Obama is not responsible for that increase, though he is responsible (along with the Congress) for about $140 billion in extra spending in the 2009 fiscal year from the stimulus bill, from the expansion of the children’s health-care program and from other appropriations bills passed in the spring of 2009.

http://www.marketwatch.com/story/obama-spending-binge-never-happened-2012-05-22?pagenumber=2

Listening to a talk radio program yesterday, the host asserted that Obama tripled the budget deficit in his first year. This assertion is understandable, since the deficit jumped from about $450 billion in 2008 to $1.4 trillion in 2009. As this chart illustrates, with the Bush years in green, it appears as if Obama’s policies have led to an explosion of debt. But there is one rather important detail that makes a big difference. The chart is based on the assumption that the current administration should be blamed for the 2009 fiscal year. While this makes sense to a casual observer, it is largely untrue. The 2009 fiscal year began October 1, 2008, nearly four months before Obama took office. The budget for the entire fiscal year was largely set in place while Bush was in the White House.

http://www.cato.org/blog/dont-blame-obama-bushs-2009-deficit


Having said that, it is impossible to look at the chart and not to see a large ramp up in outlays under George W. Bush — the president who reversed the direction of federal outlays, which had been falling. Indeed, it is perfectly reasonable to argue that much of the responsibility for 2009’s 25.2 percent rests with President Bush, and not with President Obama; in January 2009, before President Obama took office, the CBO released its forecast that fiscal year 2009 would see outlays of 24.9 percent of GDP based on pre-Obama policies.

http://www.forbes.com/sites/realspin/2012/09/03/yep-obamas-a-big-spender-just-like-his-predecessors/

On Jan. 7, 2009, two weeks before Obama took office, the Congressional Budget Office reported that the deficit for fiscal year 2009 was projected to be $1.2 trillion.

http://www.politifact.com/truth-o-m...obama-inherited-deficits-bush-administration/

 

"I do not sense the optimism one gets when the economy is growing at 5%."

And how do Republicans suppress the enormous outpouring of optimism one has with such a booming economy?

There is no boom. The numbers are a lie. One can see the truth in the way the people respond to the actual economic situation.

I live in what used to be one of the smartest towns in the US with more masters degrees and PhDs per capita than any place other than Washington DC. It ain't booming here. If it were I would not hear real estate ads where the realtor claims to be an expert at short selling. Nor would I hear about how another realtor wants to list my house because he is still selling more than half of the houses he lists in less than 43 days.

If the boom were real houses like mine would be sold in a couple of days, not possibly in 42 days or less.

 

Following the context at the beginning where you said Republicans cut taxes for the rich...I assume you are referring to Federal Income taxes. Since the rich and the near rich pay most of those when the tax rates get reduced the ones who pay the taxes benefit.

About half of working Americans pay no federal income taxes. Many receive cash from the government. It is a Marxist wealth redistribution scheme. But you already know this. Given that why are you so dishonest?

 

Drill, Baby, drill. THAT, Baby, THAT is what is helping to bail out the moron in chief. Cheap oil is not only immediately a boon but it literally greases the skids for the future. And Obomba did what? Thwarted it at ever turn.

How's that record SNAP enrollment working out? How's that SSDI goldrush of looters working out?

Where is this economic triumph? It is BS, like 'hands up, don't shoot'.

 

of course you can't support your argument

 

It is working just fine for me and for the majority of Americans!

But I guess it hasn't reached your lala land?

 

You are a so funny! I guess no one will force you to believe reality. . .but it seems that you have chosen to believe the brainwashing fiction spread by the EXTREME Right.

It is encouraging, however, that most intelligent and honest people on the Right do recognize that . . .there is not much to say anymore to criticize President Obama's economics. . .and they prefer to stick with small, silly arguments like the "annual" expenses of a trip to Hawaii for Christmas!

I actually feel bad for the GOP at this time. . .they threw everything they could on the wall to destroy President Obama. . .and NOTHING has stuck!

Not even the Benghazi and the IRS "SCANDALS" which were thoroughly investigated (by the GOP, several times. . .) and had to conclude that the White House did NOTHING WRONG!

So sad to know that there are still so many people living with the only hope to "make Obama fail," when it has already been demonstrated that HE SUCCEEDED beyond our wildest dreams!

I hope this doesn't ruin your Christmas!!!

 

All the oil situation has proven is that oil companies don't need additional pipelines and drilling platforms to reduce prices. The prices are fixed at whatever OPEC decides they are fixed at. OPEC controls the prices. And if prices get too low they'll decrease production. There isn't anything we can do about that except reduce our dependence on oil.

 

Who do you think convinced Saudi Arabia to vote NO to lower Oil Production at the OPEC summit?

LOL!!!

AboveAlpha

 

I already answered the other poster 4 times. Look it up. Don't be lazy.

 

i doubt it

 

Your problem

 

it's no problem for me, i just don't see why you can't repost it

i guess you probably realize it wasn't a valid answer in the first place

 

Go look for it. Laziness can be cured.

 

Should this ever be a problem, if our federal Congress was busier practicing Statecraft, than being mere, politicians. Why don't we have state-of-the-art Infrastructure, instead of a War on Drugs. We have Commerce Clause.

 

Given that this economic miracle has none of the lustre of an actual economic miracle I will sit out your celebration. Obama has succeeded. We are less free and less well off than before him. Given the damage he has done to the Constitution I do not believe the nation can recover.

 

Denying Econ 101 since 2009.

 

It seems to me, the public sector should be busier engendering positive growth any given quarter, even if it may require meeting or beating some Standard for Infrastructure in our Republic.

 

of course you're afraid to repost it

 

Already been posted. If course you're afraid to find it.

 

Should we enjoin our federal Congress to "move the goal posts" regarding fixing higher Standards for Infrastructure whenever we get, even close, to going negative?