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@you... but weeping for this country.The BEA reported that real GDP grew at a 2.2% annual rate. This was lower than the 3.0% rate growth rate reported for 4Q2011, and much lower than would be normal for this point in a recovery from a severe recession.
Real business nonresidential fixed investment (RBNRFI) was lower in 1Q2012 than it was in 4Q2011, falling at a 2.1% annual rate, quarter to quarter. This continued a decelerating trend. After growing at 15.7% during 3Q2011, RBNRFI slowed to a 5.2% growth rate in 4Q2011 and then fell at a 2.1% rate last quarter.
Why does this matter? It matters because RBNRFI is what actually drives the economy.
An article in the January 26, 2006 issue of Business Week cited a study by Global Insight showed that, on average, it takes a 5% increase in RBNRFI to produce a 1% increase in payrolls. Given that Americas working age population is growing at about 1% per year, this means that it would take a 5% annual increase in RBNRFI just to keep unemployment from rising.
If RBNRFI were to continue to fall at 2.1%, as it did in 1Q2012, we could expect the total number of jobs in the economy to fall by about 1% over the next year, and for the unemployment rate to increase by about 2 percentage points (at a constant labor force participation rate). In other words, falling RBNRFI = recession.
Obama is the most virulently anti-investment president of the post-war era, and accordingly has delivered the worst economic performance of the post-war era.
Suck on THAT, Chris!
President Obama's 2012 Re-Election Prospects Suffer An Ominous GDP Report - Forbes
The BEA reported that real GDP grew at a 2.2% annual rate. This was lower than the 3.0% rate growth rate reported for 4Q2011, and much lower than would be normal for this point in a recovery from a severe recession.
Real business nonresidential fixed investment (RBNRFI) was lower in 1Q2012 than it was in 4Q2011, falling at a 2.1% annual rate, quarter to quarter. This continued a decelerating trend. After growing at 15.7% during 3Q2011, RBNRFI slowed to a 5.2% growth rate in 4Q2011 and then fell at a 2.1% rate last quarter.
An article in the January 26, 2006 issue of Business Week cited a study by Global Insight showed that, on average, it takes a 5% increase in RBNRFI to produce a 1% increase in payrolls. Given that Americas working age population is growing at about 1% per year, this means that it would take a 5% annual increase in RBNRFI just to keep unemployment from rising.
If RBNRFI were to continue to fall at 2.1%, as it did in 1Q2012, we could expect the total number of jobs in the economy to fall by about 1% over the next year, and for the unemployment rate to increase by about 2 percentage points (at a constant labor force participation rate). In other words, falling RBNRFI = recession.
Obama is the most virulently anti-investment president of the post-war era, and accordingly has delivered the worst economic performance of the post-war era.
[dumbass image deleted]
Suck on THAT, Chris!
President Obama's 2012 Re-Election Prospects Suffer An Ominous GDP Report - Forbes
The BEA reported that real GDP grew at a 2.2% annual rate. This was lower than the 3.0% rate growth rate reported for 4Q2011, and much lower than would be normal for this point in a recovery from a severe recession.
Real business nonresidential fixed investment (RBNRFI) was lower in 1Q2012 than it was in 4Q2011, falling at a 2.1% annual rate, quarter to quarter. This continued a decelerating trend. After growing at 15.7% during 3Q2011, RBNRFI slowed to a 5.2% growth rate in 4Q2011 and then fell at a 2.1% rate last quarter.
An article in the January 26, 2006 issue of Business Week cited a study by Global Insight showed that, on average, it takes a 5% increase in RBNRFI to produce a 1% increase in payrolls. Given that Americas working age population is growing at about 1% per year, this means that it would take a 5% annual increase in RBNRFI just to keep unemployment from rising.
If RBNRFI were to continue to fall at 2.1%, as it did in 1Q2012, we could expect the total number of jobs in the economy to fall by about 1% over the next year, and for the unemployment rate to increase by about 2 percentage points (at a constant labor force participation rate). In other words, falling RBNRFI = recession.
Obama is the most virulently anti-investment president of the post-war era, and accordingly has delivered the worst economic performance of the post-war era.
Did you weep after 9/11, when Bush SOLD us the invasion of Iraq, and after Katrina?
I believe Congress is as culpable as the President for this economic quagmire in which we are bogged down. They are all being a-holes when it comes to politics-first-America-be-damned reindeer games.
Damn every last one of them to hell.
However, the party in power is the one which suffers the most at election time in a down economy, and the Democratic party is perceived as the party in power even though the GOP is the majority in the House.
(P.S., the TARDIS link in your sig does not work or the site is down, I don't know)
i see the usual libtards are staying away from this thread in droves.
big fucking surprise.
I believe Congress is as culpable as the President for this economic quagmire in which we are bogged down. They are all being a-holes when it comes to politics-first-America-be-damned reindeer games.
Damn every last one of them to hell.
However, the party in power is the one which suffers the most at election time in a down economy, and the Democratic party is perceived as the party in power even though the GOP is the majority in the House.
(P.S., the TARDIS link in your sig does not work or the site is down, I don't know)
I believe Congress is as culpable as the President for this economic quagmire in which we are bogged down. They are all being a-holes when it comes to politics-first-America-be-damned reindeer games.
Damn every last one of them to hell.
However, the party in power is the one which suffers the most at election time in a down economy, and the Democratic party is perceived as the party in power even though the GOP is the majority in the House.
(P.S., the TARDIS link in your sig does not work or the site is down, I don't know)
Oh, now it's the fault of the house of representatives (congress is both the house and senate which the democrats control) and Bush, got it, so what your really saying is we need to keep spending more than we have, pass another worthless stimulus bill, and dam the torpedoes full speed a head? Pathetic naive dribble from the losers on the left. Interesting in that we still have yet to see a budget that will cut the deficit in half, a reduction in unemployment below that of which he took office, peace, regained international respect.....da...da.... da! I seem to recall the president had both the senate and congress and all he had to show for it was an unconstitutional health care bill, a stimulus bill that even the CBO stated was ineffective, and an additional $5 trillion in debt!
