GDP growth rate has jumped over 7% under Obama - still not good enough for haters.

Discussion in 'Economy' started by OohPooPahDoo, Oct 30, 2012.

  1. OohPooPahDoo
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    OohPooPahDoo Gold Member

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    FACT-

    The annualized real GDP growth rate in the first quarter of 2009 was -5.3%

    FACT-

    The annualized real GDP growth rate in third quarter of 2012 was +2.0%.


    FACT-

    The difference under Obama is %7.3.
     
  2. Oldstyle
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    Oldstyle Gold Member

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    Dude it's been FOUR YEARS of the worst recovery from a recession since the Great Depression. Barry doesn't have a clue how to get the economy going again and he needs to go play golf full time and let someone who's competent take a turn running things.

    The fact that you're touting a 2% GDP growth shows how bad things have been under this President.
     
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  3. Meathead
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    Meathead Gold Member

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    Yeah, that's pretty sad. The last thing Barry's supporters should be talking about is the economy. That and Benghazi actually.
     
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  4. Claudette
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    Claudette Gold Member

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    OL"Oppey thinks Barrys the greatest. Of course real facts are beyond ol lame brain.

    The economy sucks. UE is high. The debt and deficit are through the roof yet Ooopey thinks Barry's doing a great job? We have four dead Americans in Libya and his State Department sucks.

    Holy cow if he thinks everything is great I can just imagine what he considers a failure.
     
  5. NoNukes
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    NoNukes Gold Member

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    David Cameron would kill for Obama's economic record. What a bunch of Obama haters you all are. Just want to get the White back into the White House.
     
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  6. Meathead
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    Meathead Gold Member

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    Really, and you think net annual growth at 2% can only be criticized because of hate and/or racism?!
     
  7. Claudette
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    Claudette Gold Member

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    Of course in a lefties minds its hate or racism.

    Couldn't possibly be because Barry sucks as POTUS and his policies suck. Gotta be hate or racism.

    Thats the way their minds work.
     
  8. mikegriffith1
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    mikegriffith1 Mike Griffith

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    "Haters"??? Huh??? That's overheated, irresponsible rhetoric.

    Anyway, leaving aside the fact that your comparison is misleading, you seem to think that 2.0% GDP growth is something to be proud of. Furthermore, are you aware that average GDP growth for Obama's presidency now stands at 1.2%? By comparison, average GDP growth for Reagan's presidency was 3.5%.

    Indeed, Obama's GDP growth is on track to be worse than Bush's 8-year average for GDP growth, even though Bush had to deal with two recessions, 9/11, and Katrina: For Bush's 8 years, GDP growth averaged 1.6%, which is 25% better than Obama's anemic 1.2% average.

    Also, apparently you have forgotten that just a couple years ago, as part of the deception to ram through the "stimulus" bill, the White House claimed that by now GDP growth would be 4.3% (Average GDP Growth Less than Half of What Obama Predicted).

    Even more worrying is the fact that about 1/3 of the meager 2.0% third-quarter GDP growth came from government spending, i.e., from borrow/printed money.

    We don't have to live like this. We don't have to settle for pathetic GDP growth, for nearly zero net job growth, for chronically high gas prices, for the ongoing devaluation of our currency. We don't have to stay on the downward spiral that we're on. We know from recent history that we can do a lot better, but it's going to take change at the top to achieve it.
     
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    Last edited: Oct 30, 2012
  9. bripat9643
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    bripat9643 Diamond Member

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    A 2% GDP growth rate is pathetic by historical standards. Reagan achieved GDP growth rates of over 9%.
     
  10. zeke
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    zeke Gold Member

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    Anyone know how many manufacturing jobs there were in the USA when Reagan was President vs the number of manufacturing jobs today?

    Wonder if that makes any difference (to growth) when you compare periods of good paying manufacturing jobs to periods of low paying service sector jobs?

    Nah, I'm sure it makes no difference.
     

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