Gdp 6.9%

[uscitizen]

And what are we paying more for to get this GDP growth?

 

[rightwinger]

Good news. The GDP is up.

And to think. Liberals said tax cuts don't work. A tax cut to 95% of America and the economy is roaring!!

To bad this bubble is going to pop as soon as the taxes go up, health care gets passed and the government stops spending.

But it was a good ride for the last month.

Glad you admit that the stimulus is working.

That remains to be seen, I have many doubts.

Like it or not...the numbers are proving that we are moving out of the worst recession in decades.

GDP up three straight quarters, Index of Economic Indicators up 10 straight months, Stock Market up 50%, Job losses decreasing...

Its almost getting to the point where conservatives stop denying the economy has improved and start to take credit for it

 

[uscitizen]

So the Republicans obstructionism is working?

 

[editec]

Good news. The GDP is up.

And to think. Liberals said tax cuts don't work. A tax cut to 95% of America and the economy is roaring!!

To bad this bubble is going to pop as soon as the taxes go up, health care gets passed and the government stops spending.

But it was a good ride for the last month.

The 4th quarter 2009 GDP is up in comparison to the horrible downturns it took in the last two years.

It's still down about a half TRILLION dollars from what it was in 2007.

The good news is that it is not STILL going down.

The bad news is that it hasn't recovered enough to put about ten million people back to work.

We're going to need to see that GDP go up about two trillion dollars before I break out the bubbley,

 

[boedicca]

Any real economic recovery taking place is In Spite Of The Government, not due to it.

Just sayin'.

 

[Vast LWC]

You are right about tax cuts helping growth.
You are wrong about health care reform.
Over the last 20 years health care has gone up about 15% a year.
Explain how that makes a great system that does not need a complete over haul.

I am not wrong about health care. Government take over of any industry destroys it.

You realize that the dishonest debate on health care started out with, "We just want to make sure that 40 million Americans get coverage" and now it is something else entirely?

Do you realize that this crisis has been a crisis since.....the early 1900's? Not much of a crisis, is it?

Having to pay extraordinary amounts for health care is as much a drain on the economy as dramatically raising taxes would be.

The only people who are profiting from not having a public option, and other cost-cutting measures, are people who work specifically in the health care industry.

The corporations that have come to represent most of the health care industry are like leeches draining the country of our financial blood, leading us to a slow economic death.

People on the right are so concerned about the rights of corporations, and so afraid of anything that smacks of "Socialism" that they can't see the forest for the trees.

 

[Vast LWC]

The GDP # is misleading. Much of the growth is due to lower rates of inventory liquidations - not building up of new inventory.

The germane stat is unemployment, which is much worse that the official #s promoted by the Government. Shadow Statistics has a more realistic version - currently 21%.

The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

Shadow Government Statistics - Home Page


An anemic recovery without jobs is Very Cold Comfort.

So, we should ignore all other economic indicators, and just pay attention to unemployment?

Even though outsourcing and technology keep making the number of available private sector jobs shrink, regardless of whether there is a recession or not?

 

[Vast LWC]

The GDP # is misleading. Much of the growth is due to lower rates of inventory liquidations - not building up of new inventory.

The germane stat is unemployment, which is much worse that the official #s promoted by the Government. Shadow Statistics has a more realistic version - currently 21%.

The SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

Shadow Government Statistics - Home Page


An anemic recovery without jobs is Very Cold Comfort.

Oh, and let us not forget that the available workforce has been steadily increasing over the past 60 years with the arrival of the majority of the female half of the population to the workforce.

Your "shadowstats.com" statistics don't take into account things like parents having to be temporarily out of work, or underemployed, in order to take care of children that were formerly cared for by women who were not part of the available workforce at the time..

 

[KissMy]

Tax Cuts caused NEGATIVE BUSINESS INVESTMENT!!! INFLATION increased Personal Consumption Expense.

"The increase in real GDP in the second quarter reflected positive contributions from personalconsumption expenditures (PCE), exports, nonresidential fixed investment, federal governmenttspending, and state and local government spending that were partly offset by negative contributions from private inventory investment and residential fixed investment."

 

[Rustic]

Hmmm........ And Clinton raised taxes on the very wealthy in 1993. Had real bad economic years from then until 2001, correct?

Lol
High taxes always mean poor economy… you silly little fucker