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Economy Shrinks…Obama & Pals Blame Republicans

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Old 02-01-2013, 10:28 AM
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Economy Shrinks…Obama & Pals Blame Republicans

Economy Shrinks…Obama & Pals Blame Republicans


By: Curt


Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!


[Excerpt]

Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
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Old 02-01-2013, 10:38 AM
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Quote: Originally Posted by Wehrwolfen View Post
Economy Shrinks…Obama & Pals Blame Republicans


By: Curt


Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!


[Excerpt]

Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
The economy shrunk due to Hurricane Sandy. Would you like to make a bet that we see positive growth again in the first quarter?
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Old 02-01-2013, 10:55 AM
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This is why I maintain, and will continue to, that Obama is a failure as a leader. The man is an amazing Politician but as a leader he is one of the worst I have ever seen. The first step to being a leader is taking responsibility. Obama never will.
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Old 02-01-2013, 10:55 AM
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Quote: Originally Posted by auditor0007 View Post
Quote: Originally Posted by Wehrwolfen View Post
Economy Shrinks…Obama & Pals Blame Republicans


By: Curt


Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!


[Excerpt]

Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
The economy shrunk due to Hurricane Sandy. Would you like to make a bet that we see positive growth again in the first quarter?
OMG man you people are so fucking blind? Blaming a storm now? Really?
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Old 02-01-2013, 10:57 AM
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The Breeze kicks locomotives off the tracks The Breeze kicks locomotives off the tracks The Breeze kicks locomotives off the tracks The Breeze kicks locomotives off the tracks The Breeze kicks locomotives off the tracks The Breeze kicks locomotives off the tracks The Breeze kicks locomotives off the tracks
Gotta blame somebody.
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Old 02-01-2013, 11:14 AM
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Yup. The blame will be leveled at anything and anyone other than that fuck in the WH and his pack of incompetant boobs.

Its all still Bush's fault doncha know?
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Old 02-01-2013, 11:28 AM
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Quote: Originally Posted by Charles_Main View Post
Quote: Originally Posted by auditor0007 View Post
Quote: Originally Posted by Wehrwolfen View Post
Economy Shrinks…Obama & Pals Blame Republicans


By: Curt


Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!


[Excerpt]

Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
The economy shrunk due to Hurricane Sandy. Would you like to make a bet that we see positive growth again in the first quarter?
OMG man you people are so fucking blind? Blaming a storm now? Really?
Why not?? They blame ATM's.. They blame a phony reduction in government spending (craftily leaving out that the slight reduction over the previous quarter was a result of the HUGE SPIKE of that previous quarter... with spending still being higher than ever before).. Why not now blame a storm?? It is right in their wheelhouse for excuses
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Old 02-01-2013, 11:42 AM
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The private sector continued growing. Military spending , or rather lack thereof is the reason for the overal contraction. Would the military spending have been reduced if the sequester was not on the table?

Fiscal Cliff Woes Caused GDP Contraction: Heidi Moore | Daily Ticker - Yahoo! Finance

The Pentagon decreased its expenditures by over 22% in the quarter ending in December. Had military spending remained the same, Q4 GDP would have increased by 1.27%. The decrease in defense spending was largely in preparation of the $500 billion cut to military disbursement that the fiscal cliff proposed.

“There was no other kind of pressure on defense spending that would have cause it to plummet 22% except for the expectation of the cuts,” says Moore.

Business pull back in response to fiscal cliff uncertainties was the second main cause of economic decline. According to the Bureau of Economic Analysis, “The downturn in real GDP in the fourth quarter primarily reflected downturns in private inventory investment.” Had private inventory investment remained at quarter three levels, GDP would have grown by 1.17% last quarter.

Moore contends that inventories were not low because of high consumption but rather because businesses purposely pulled back in inventory accumulation as a response to fiscal cliff threats.
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Old 02-01-2013, 11:49 AM
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Quote: Originally Posted by BlindBoo View Post
The private sector continued growing. Military spending , or rather lack thereof is the reason for the overal contraction. Would the military spending have been reduced if the sequester was not on the table?

Fiscal Cliff Woes Caused GDP Contraction: Heidi Moore | Daily Ticker - Yahoo! Finance

The Pentagon decreased its expenditures by over 22% in the quarter ending in December. Had military spending remained the same, Q4 GDP would have increased by 1.27%. The decrease in defense spending was largely in preparation of the $500 billion cut to military disbursement that the fiscal cliff proposed.

“There was no other kind of pressure on defense spending that would have cause it to plummet 22% except for the expectation of the cuts,” says Moore.

Business pull back in response to fiscal cliff uncertainties was the second main cause of economic decline. According to the Bureau of Economic Analysis, “The downturn in real GDP in the fourth quarter primarily reflected downturns in private inventory investment.” Had private inventory investment remained at quarter three levels, GDP would have grown by 1.17% last quarter.

Moore contends that inventories were not low because of high consumption but rather because businesses purposely pulled back in inventory accumulation as a response to fiscal cliff threats.
Why is it that when you're peeing down someone's leg you keep claiming its raining?
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Old 02-01-2013, 11:51 AM
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Quote: Originally Posted by BlindBoo View Post
The private sector continued growing. Military spending , or rather lack thereof is the reason for the overal contraction. Would the military spending have been reduced if the sequester was not on the table?

Fiscal Cliff Woes Caused GDP Contraction: Heidi Moore | Daily Ticker - Yahoo! Finance

The Pentagon decreased its expenditures by over 22% in the quarter ending in December. Had military spending remained the same, Q4 GDP would have increased by 1.27%. The decrease in defense spending was largely in preparation of the $500 billion cut to military disbursement that the fiscal cliff proposed.

“There was no other kind of pressure on defense spending that would have cause it to plummet 22% except for the expectation of the cuts,” says Moore.

Business pull back in response to fiscal cliff uncertainties was the second main cause of economic decline. According to the Bureau of Economic Analysis, “The downturn in real GDP in the fourth quarter primarily reflected downturns in private inventory investment.” Had private inventory investment remained at quarter three levels, GDP would have grown by 1.17% last quarter.

Moore contends that inventories were not low because of high consumption but rather because businesses purposely pulled back in inventory accumulation as a response to fiscal cliff threats.
Did you forget the mention that the reduction was over the HUGE SPIKE IN INCREASED SPENDING DURING Q3??

You guys just LOVE to leave that little tidbit out

So you can take your little blog and shove it
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Old 02-01-2013, 11:56 AM
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Quote: Originally Posted by Wehrwolfen View Post
Quote: Originally Posted by BlindBoo View Post
The private sector continued growing. Military spending , or rather lack thereof is the reason for the overal contraction. Would the military spending have been reduced if the sequester was not on the table?

Fiscal Cliff Woes Caused GDP Contraction: Heidi Moore | Daily Ticker - Yahoo! Finance

The Pentagon decreased its expenditures by over 22% in the quarter ending in December. Had military spending remained the same, Q4 GDP would have increased by 1.27%. The decrease in defense spending was largely in preparation of the $500 billion cut to military disbursement that the fiscal cliff proposed.

“There was no other kind of pressure on defense spending that would have cause it to plummet 22% except for the expectation of the cuts,” says Moore.

Business pull back in response to fiscal cliff uncertainties was the second main cause of economic decline. According to the Bureau of Economic Analysis, “The downturn in real GDP in the fourth quarter primarily reflected downturns in private inventory investment.” Had private inventory investment remained at quarter three levels, GDP would have grown by 1.17% last quarter.

Moore contends that inventories were not low because of high consumption but rather because businesses purposely pulled back in inventory accumulation as a response to fiscal cliff threats.
Why is it that when you're peeing down someone's leg you keep claiming its raining?
Sorry Wolfie, it was your Post Toasties that I was pissing on. But that's what you get for posting piss-poor fluff pieces.
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Old 02-01-2013, 11:58 AM
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Quote: Originally Posted by auditor0007 View Post
Quote: Originally Posted by Wehrwolfen View Post
Economy Shrinks…Obama & Pals Blame Republicans


By: Curt


Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!


[Excerpt]

Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
The economy shrunk due to Hurricane Sandy. Would you like to make a bet that we see positive growth again in the first quarter?
As much as I don't like to bet against my country (screw Obama) yeah, I'll take that bet. Let's see how the economy stacks up against the first round of tax increases, shall we?
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Old 02-01-2013, 12:04 PM
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Quote: Originally Posted by Wehrwolfen View Post
Economy Shrinks…Obama & Pals Blame Republicans


By: Curt


Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!


[Excerpt]

Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
How ironic that you post this when the DOW is over 14000...Typical Lying Republican.
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Old 02-01-2013, 12:07 PM
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Quote: Originally Posted by JimH52 View Post
Quote: Originally Posted by Wehrwolfen View Post
Economy Shrinks…Obama & Pals Blame Republicans


By: Curt


Another ‘who woulda thunk it’ moment:

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

Get outta here! You mean with businesses fretting over the unknown cost of ObamaCare, with taxes being raised for almost every American, and government spending continuing to spiral out of control that our economy is contracting?

Shocking!


[Excerpt]

Read more:
Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
How ironic that you post this when the DOW is over 14000...Typical Lying Republican.
Wait so now it's ok to use the Stock market as a measure of how well the Economy is doing?

lol
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Old 02-01-2013, 12:09 PM
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Quote: Originally Posted by Wehrwolfen View Post
Economy Shrinks…Obama & Pals Blame Republicans
Quote:

"U.S. stocks rallied, briefly sending the Dow Jones Industrial Average above 14,000, as data showed hiring increased in January after accelerating more than previously estimated at the end of 2012 and manufacturing grew.

All 10 industry groups in the Standard & Poor’s 500 Index advanced.

“The market is greeting the jobs numbers very happily,” Wayne Wilbanks, chief investment officer at Wilbanks, Smith & Thomas Asset Management LLC in Norfolk, Virginia, which oversees $2.3 billion, said in a phone interview. “The U.S. economy continues to benefit from the two in particular very positive trends” in manufacturing and real estate, he said."




. . .


. . . . . .


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