GDP Goes Negative In Fourth Quarter

LMAO! Sure could have fooled me. Your OP positively dribble with glee. Admit it.

 

Did they also say that Q3 was completely positive due to government spending as well? Because it was.

 

Maybe the Party of Grover should stop cutting the money we need. Is that even possible?

Haven't you claimed Obama fixes the numbers in the past? So are you saying Govt data is reliable now?

 

There is of course a limit to how much you can fund through debt. No one really knows what that limit is really...but it's safe to say it's FAR from where we are now. Japan for example does just fine with well over 100% debt to GDP percentage.

 

Upon what basis do you assert that?

 

But it wasn't. In fact the only reason this report isn't FURTHER in the negative is because the private sector continues to show growth.

 

On Q3 gdp-

Real federal government consumption expenditures and gross investment increased 9.5 percent in the third quarter, in contrast to a decrease of 0.2 percent in the second. National defense increased 12.9 percent, in contrast to a decrease of 0.2 percent. Nondefense increased 3.0 percent, in contrast to a decrease of 0.4 percent. Real state and local government consumption expenditures and gross investment decreased 0.4 percent, compared with a decrease of 1.0 percent.

 

So the DOW hits highs and the GDP hits negative. Can someone explain it to a simpleton like me?

 

Yes. Private sector is growing. Government spending is shrinking.

 

Exactly, its no more wreckless then printing money to pay the debt now.

No taxes, except if you make more than like....$10m a year or something. Even then make sure you only tax less percentage than all the other countries.

 

That would cost a lot more money then simply targeting spending where it is most needed in the economy to achieve maximum productivity.

 

Your delusional apologetics are pathetic.

While you've been bleating to yourself in your cocoon of denial, the rest of the country has noticed that the Alinskyite in Chief's counter-productive policies have produced nothing but bad economic news since the end of the recession in 2009...

[video=youtube;axfTmFdPpP0]http://www.youtube.com/watch?v=axfTmFdPpP0[/video]

Today we got more. Go figure.

Obamunists were warned back in 2008, but they invested in failure for political purposes anyway. Stupid is as stupid does.
.

 

I am glad you are happy about the economy, it is what your ilk has always wanted.

 

We all disagree on where spending should be targeted. Costs are not relevant. We can print.

 

NEED? WTF?

How is adding 12 million more welfare recipients gonna help us with our NEEDS?

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Doesnt the forth quarter include Christmas??

 

I can only hope that both sources are true.

 

What we are saying, and have been saying for 4 years, is that this Obama(*)(*)(*)(*) does not work. Cannot work. That it will completely wreck us if we do not make drastic changes. Now you are seeing more proof, on top of four years of proof. When will the liberal idiots who support Obama and this maddening rush to insolvency WTFU !!

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Ink. Paper. Money pumping.

 

By putting money in peoples pockets, the very people who will spend the money.

Thats how, thanks for playing.

 

Yeah. We need it. I appreciate you may not care we are borrowing another trillion dollars a year, I do.

 

Good. Negative GDP all day then it is.

 

Your doomsday predictions have never born anything to reality.

 

What ? Horse(*)(*)(*)(*) !! Government is not "shrinking". The private sector is anemic still. What you are seeing are the early wisps of stagflation on a house-of-cards.

 

So, you're are you conceding the Bush tax cuts have not worked? They were in place last quarter.

They should have been repealed completely.

 

I'm for sure surprised that threatening to take a few hundred billion dollars out of the private sector would cause the economy to shrink just as so many conservatives thought that it would.

I guess we will here BH Obama laugh and say "It turns out that higher taxes don't always help the economy like it did when Clinton was in office." No shovel ready jobs was a BHO joke and now we get this little joke.

But with the left wing media feeding hope and change to the liberal/progressive horde the fools will find a way to blame the Republicans.

We lost $5B from the GDP? Hell that isn't that bad is it, considering how much cash the government took from the poor working people in January.

Years ago BH Obama thought that raising taxes when the economy was shrinking was a bad idea but now the progressive cult running the dem party doesn't care what happens to the economy.

 

Depends on whose pockets. But another trillion in the pockets of the 1% and they'll stick it in their offshore accounts.