Opinions on a very weak GDP and the failed stimulus

[JRK]

It has become very apparent the re distribution of 1 trillion in dollars of wealth did very little to spur growth
http://www.google.com/url?sa=t&rct=...guSADw&usg=AFQjCNFAxPM_FxFbqYLDROugPAbCELn1Yg
2.2% Is really worse than it looks as it began from the catastrophic numbers of 2009

To have went from the govt spending 2.7 trillion with the last GOP budget in 2007 to 3.7 trillion in 2010, we have very little to show for it
UE benefits being extended with the tarp program as GWB and Hank P used it for is money good spent, the rest is hard to understand what exactly what it was to do

land based oil exploration in any state that holds those resources
New refineries in any state that would welcome those jobs
same with pipe-line distribution
Transition coal based power to natural gas turbines
Nuclear
well regulated, but allowed the chance to generate wealth for all now, not 5 years from now
Have a one time tax free holiday for the trillions of cash that is sitting over seas due to tax policy
Tax revenue is driven off of our GDP. With spending levels at record levels we cannot stop this train wreck with just spending cuts
More wealth earned thru the free market will in a very short time un-do the mess the housing bubble has caused

I can assure you that ND has no issue with any bubbles

 

[SniperFire]

It gets worse.

 

[JRK]

It gets worse.

This has been the biggest failure with BHO
If he was in the private sector Sarbanes Oaxly would have him under investigation

It is no different than what Enron did. bad forecasting is what brought Enron down. It is the very reason for Sarbanes Oaxly

 

[Oddball]

This has been the biggest failure with BHO
If he was in the private sector Sarbanes Oaxly would have him under investigation

It is no different than what Enron did. bad forecasting is what brought Enron down. It is the very reason for Sarbanes Oaxly

This is worse than what Enron did....Nobody with any economic sense believed that the economic succubus was going to work.

 

[Claudette]

You bet. Its has never worked in the past so why in hell would anyone think it would work now??

Idiots one and all.

 

[JRK]

You bet. Its has never worked in the past so why in hell would anyone think it would work now??

Idiots one and all.

It is a re distribution of wealth
Its funny that not one Liberal has commented on this thread

 

[Oddball]

You bet. Its has never worked in the past so why in hell would anyone think it would work now??

Idiots one and all.

It is a re distribution of wealth
Its funny that not one Liberal has commented on this thread

It was straight-up payola graft to NEA, AFT, AFSCME and excessive state spending.

Hell, at least Madoff had some possessions to liquidate.

 

[AquaAthena]

This has been the biggest failure with BHO
If he was in the private sector Sarbanes Oaxly would have him under investigation

It is no different than what Enron did. bad forecasting is what brought Enron down. It is the very reason for Sarbanes Oaxly

This is worse than what Enron did....Nobody with any economic sense believed that the economic succubus was going to work.

No kidding.

"With six months to go until Election Day, time just ran out for Team Obama to run any sort of plausible “Morning in America” reelection campaign. And it’s not just that the U.S. economy grew at a subpar 2.2% annual rate in the first quarter, according to the Commerce Department.

It’s that this may be about as good as it gets for the economy this year. Most analysts have been looking for the second quarter to be no better—if not worse—than the first.

So we could end up having a first half of the election year with GDP growth near 2% or below. As Citigroup puts it: “

… 1Q GDP data should limit remaining optimism that U.S. economic growth will accelerate significantly this year.” And IHS Global Insight says it’s “looking for second-quarter growth to be similar to the first—around 2%.”

How bad is that???? Read how, here:

Weak GDP report clouds Obama’s reelection chances « The Enterprise Blog

 

[NYcarbineer]

Couldn't you say the same thing about the 800 billion dollar extension of the Bush tax cuts + new cuts?

 

[Remodeling Maidiac]

You bet. Its has never worked in the past so why in hell would anyone think it would work now??

Idiots one and all.

Your assuming they were looking for the same results you were. Even with no growth their goals were achieved.

 

[JRK]

This has been the biggest failure with BHO
If he was in the private sector Sarbanes Oaxly would have him under investigation

It is no different than what Enron did. bad forecasting is what brought Enron down. It is the very reason for Sarbanes Oaxly

This is worse than what Enron did....Nobody with any economic sense believed that the economic succubus was going to work.

No kidding.

"With six months to go until Election Day, time just ran out for Team Obama to run any sort of plausible “Morning in America” reelection campaign. And it’s not just that the U.S. economy grew at a subpar 2.2% annual rate in the first quarter, according to the Commerce Department.

It’s that this may be about as good as it gets for the economy this year. Most analysts have been looking for the second quarter to be no better—if not worse—than the first.

So we could end up having a first half of the election year with GDP growth near 2% or below. As Citigroup puts it: “

… 1Q GDP data should limit remaining optimism that U.S. economic growth will accelerate significantly this year.” And IHS Global Insight says it’s “looking for second-quarter growth to be similar to the first—around 2%.”

How bad is that???? Read how, here:

Weak GDP report clouds Obama’s reelection chances « The Enterprise Blog

I started the thread just for that reason
The main stream as well as the dem party lied there way to congress in late 06, then the white house in 08
The truth of the matter is simple
From 95-07 we had a great run with the 9-11/Enron/massive hurricanes/ along with the tech bubble bursting in the middle.
Good sound tax policy, pro growth legislation as well as budgets that were sound, that a real GDP growth curve gave the country a chance to come out the other end of the wars with a balanced budget
No-one expected the housing bubble to explode the way it did until it was to late. No-one can blame that on GWB nor BHO
BUT
The failed policies sense have no-one to blame but those in charge, it is that simple. Re distribution of wealth is no different of taking wealth from the consumer and giving it to the chosen few as BHO and the Dem congress in 2009-2010

We went from spending 2.7 trillion in 2007 to spending 3.7 in 2010
That is 1 trillion dollars for a return of a GDP of 2.2% today

 

[ScienceRocks]

Couldn't you say the same thing about the 800 billion dollar extension of the Bush tax cuts + new cuts?

Obama's first term of economic policies have been pretty much based on Bush's last six months. All the bad things of Bush=Obama. Any sane human being wouldn't reelect this.

 

[CrusaderFrank]

This has been the biggest failure with BHO
If he was in the private sector Sarbanes Oaxly would have him under investigation

It is no different than what Enron did. bad forecasting is what brought Enron down. It is the very reason for Sarbanes Oaxly

This is worse than what Enron did....Nobody with any economic sense believed that the economic succubus was going to work.

Obama thinks it funny too

[ame=http://www.youtube.com/watch?v=4p4-vPrcDBo]Obama: Shovel Ready jobs not shovel ready - YouTube[/ame]

 

[JRK]

Couldn't you say the same thing about the 800 billion dollar extension of the Bush tax cuts + new cuts?

Obama's first term of economic policies have been pretty much based on Bush's last six months. All the bad things of Bush=Obama. Any sane human being wouldn't reelect this.

If GWB was the president we would not have increased spending by 1 trillion dollars. The pipe-line from Canada would be wide open
Additional work that has only the limits of the mind and un needed regulation would be on-going as we speak
Real GDP growth comes from the free market

My point is Bush faced this problem out of the gate
tax policy
No threats to corporation who could plan there growth based on a policy that was solid and without threat
the fed and those policies created 7 million jobs in 4 years from 03-08

We will never know what a GWB would have done after the fire was put out with Tarp
Without Tarp, we where done. I know many conservatives dis agree with that, but he did the right thing and got most of that portion of Tarp back, unlike the 250 billion BHO added to the stimulus to re define the base line budget post 2009

 

[code1211]

Couldn't you say the same thing about the 800 billion dollar extension of the Bush tax cuts + new cuts?

Those tax cuts are now the Obama tax cuts.

 

[JRK]

Couldn't you say the same thing about the 800 billion dollar extension of the Bush tax cuts + new cuts?

Those tax cuts are now the Obama tax cuts.

NY if tax policy was the issue, then with 300,000 boots on the ground In Iraq and 70,000 or so In Afghanistan in 2007, then how did we get with-in 163 billion of a balanced budget?

 

[code1211]

Couldn't you say the same thing about the 800 billion dollar extension of the Bush tax cuts + new cuts?

Those tax cuts are now the Obama tax cuts.

NY if tax policy was the issue, then with 300,000 boots on the ground In Iraq and 70,000 or so In Afghanistan in 2007, then how did we get with-in 163 billion of a balanced budget?

The problem with Liberals is they prater on about nothing with smirking disregard for reality and no concept of cause and effect.

The problem FOR liberals is that reality continues to be real and all of their talk is only just that: talk. A little rational thought would be nice, but, sadly, thinking is not reducible to the 10 word rhymes that Liberals accept as policy.

Romney needs to just keep hammering away at the FACT that Obama is not trying to get the rich to pay their fair, he's committing our children to the job of paying our fair share.

Obama is a menace to our country, our liberty, our descendants and our belief system. His presidency should be remembered as the face of Liberalism and injustice which are in truth, the same things.

 

[California Girl]

This has been the biggest failure with BHO
If he was in the private sector Sarbanes Oaxly would have him under investigation

It is no different than what Enron did. bad forecasting is what brought Enron down. It is the very reason for Sarbanes Oaxly

This is worse than what Enron did....Nobody with any economic sense believed that the economic succubus was going to work.

Actually, that's not strictly true... If the stimulus had been used wisely - and targeted into infrastructure - then it could have worked. Which is why I supported it.... with the caveat that the money be spent on infrastructure projects.... but, as is so often the case, it was the execution that was chronically fucked.

 

[code1211]

This has been the biggest failure with BHO
If he was in the private sector Sarbanes Oaxly would have him under investigation

It is no different than what Enron did. bad forecasting is what brought Enron down. It is the very reason for Sarbanes Oaxly

This is worse than what Enron did....Nobody with any economic sense believed that the economic succubus was going to work.

Actually, that's not strictly true... If the stimulus had been used wisely - and targeted into infrastructure - then it could have worked. Which is why I supported it.... with the caveat that the money be spent on infrastructure projects.... but, as is so often the case, it was the execution that was chronically fucked.

It is just a tad comical in a farcical sense that the problems with the economy are related to the valuation of things be they labor, commodities or technology.

The Liberals, who fancy themselves to be realist and forward looking intelligencia continuously disregard what they see in favor of what they wish.

The proof that they are absolutely, irrefutably wrong in everything they think, everything they believe and everything the strive to achieve in every method they try to employ is all around them and they SIMPLY REFUSE TO EXAMINE THE EXTENT OF THEIR FAILED IDEAS.

Unless and until a person wishes to see reality, negotiating with them or working with them is like working with a drug addict. Irrational, undependable, unpredictable and untruthful.

They need to be corralled and kept out of the public treasury.

Would you give your pay check to a drug addict to take care of YOUR needs and those of your family?

 

[iamwhatiseem]

Not to mention state governments where the average debt has DOUBLED since 2002.
Doubled.