Economy Shrinks…Obama & Pals Blame Republicans

Discussion in 'Politics' started by Wehrwolfen, Feb 1, 2013.

  1. Wehrwolfen
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    Wehrwolfen Senior Member

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    Economy Shrinks…Obama & Pals Blame Republicans ​


    By: Curt

    [​IMG]

    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!

    [ame=http://www.youtube.com/watch?feature=player_embedded&v=1WsoTc1myvI]Krauthammer Obama Blaming Republicans - YouTube[/ame]​

    [Excerpt]

    Read more:
    Economy Shrinks?Obama & Pals Blame Republicans | Flopping Aces
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  2. auditor0007
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    auditor0007 VIP Member

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    The economy shrunk due to Hurricane Sandy. Would you like to make a bet that we see positive growth again in the first quarter?
  3. Charles_Main
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    Charles_Main AR15 Owner

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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.
  4. Charles_Main
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    Charles_Main AR15 Owner

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    OMG man you people are so fucking blind? Blaming a storm now? Really?
  5. The Breeze
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    The Breeze Active Member

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    Gotta blame somebody.
  6. Claudette
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    Claudette Silver Member

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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?
  7. DiamondDave
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    DiamondDave Army Vet

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    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
  8. BlindBoo
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    BlindBoo VIP Member

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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.
  9. Wehrwolfen
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    Wehrwolfen Senior Member

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    Why is it that when you're peeing down someone's leg you keep claiming its raining?
  10. DiamondDave
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    DiamondDave Army Vet

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    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
  11. BlindBoo
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    Sorry Wolfie, it was your Post Toasties that I was pissing on. But that's what you get for posting piss-poor fluff pieces.
  12. RandallFlagg
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    RandallFlagg PROUD Tea Party Member

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    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?
  13. JimH52
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    JimH52 VIP Member

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    How ironic that you post this when the DOW is over 14000...Typical Lying Republican.
  14. Charles_Main
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    Wait so now it's ok to use the Stock market as a measure of how well the Economy is doing?

    lol
  15. Mr. Shaman
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    :thewave:


    :party: . :party: . :party: . :party:


    :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo: . :woohoo:


    [​IMG]
  16. BlindBoo
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    DickheadDave. :cuckoo: Military spending was down in the 3 quarters prior to the 3Q. It was the threat of the fiscal cliff.
  17. zeke
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    zeke VIP Member

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  18. DiamondDave
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    Keep lying... it just shows more and my the hyper-partisan asshole you are

    Defense spending INCREASED 13% in Q3

    [​IMG]
  19. BlindBoo
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    BlindBoo VIP Member

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    :eusa_shhh: And in the three quarters prior to the 3rd Quarter, Defense Spending decreased, as your chart shows. Care to explain how was that is a lie?
  20. DiamondDave
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    DiamondDave Army Vet

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    No.. 2 quarters.. basically dead even the other... .. PER USUAL in the way governmental spending goes

    And the spike down in q4 was only because of the abnormally high spike up in q3....

    Boo... you keep beating that dead horse, but it is not going to take you across he finish line for a win

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