US growth hits highest level in five years

Discussion in 'Economy' started by Bass v 2.0, Jan 30, 2011.

  1. Bass v 2.0
    Offline

    Bass v 2.0 Biblical Warrior For God.

    Joined:
    Jun 16, 2008
    Messages:
    10,655
    Thanks Received:
    528
    Trophy Points:
    48
    Location:
    Paris, France
    Ratings:
    +528
    US growth hits highest level in five years - Yahoo! News



    "This uptick is no doubt due in part to the certainty that Washington has given the private sector through the recent tax deal and the newly elected House Republican majority," the office of House majority leader Eric Cantor said in a statement.

    Just like Republitards to try to steal credit, especially when newly elected House majority was just seated this year and had nothing to do with the lame duck minority and Obama who cut the tax deal.


    Any any rate, will the Republitards give Obama some credit, or will they just remain biased partisan hacktards and give credit to unknown Republitards and factors they can't prove?
     
  2. editec
    Offline

    editec Mr. Forgot-it-All

    Joined:
    Jun 5, 2008
    Messages:
    41,427
    Thanks Received:
    5,598
    Trophy Points:
    48
    Location:
    Maine
    Ratings:
    +5,618
    If this had been just another recession the growth rate we've been having would have been enough to matter,

    Sadly the meltdown that happened means that we'll need to about double the rate of growth to return to what most of us think of as a normally functioning economy.

    My guess is that we will never return to the kind of economy we had in the past.

    We'll get used to having a 10-15% unemployment rate and also to watching the purchasing power of the average worker continue the decline that IS NOW(and has been for the last 40 years) a normal state of affairs in this society.

    I cannot see how it can turn out any better than that given that we have done absolutely nothing to change the conditions that existed before the meltdown.

    We are, I suspect, in a temporary false recovery of this economy at best.
     
    Last edited: Jan 30, 2011
  3. code1211
    Offline

    code1211 Senior Member

    Joined:
    Apr 8, 2009
    Messages:
    5,999
    Thanks Received:
    845
    Trophy Points:
    48
    Ratings:
    +845


    What they will give him is a budget and a recomendation that he can use to guide the country to a brighter future, as the Republicans did in cooperative effort with Clinton, or that he can reject in a partisan rage and be a single termer.

    Just a Nixon was the only President who could have gone to China, a Democrat is the only President that can restrict spending. Obama needs to embrace this as a good thing for the country.

    I fear that he will reflexively reject any moves to comprimise on the healthcare bill. I fear that he will jealously try to protect the spending that has created the ridiculous deficit he is building.

    The Big 0 would be well served to actively lead the country to reductions in spending to 2008 levels, but he seems committed to keeping spending at levels 20% higher than that.

    In his State of the Union, he was proposing programs that we don't have the money to buy. He already spent it all. What was Janis Joplin's Prayer? "Oh, Lord, won't you buy me a Mercades Benz?".

    In the last days of the Nazi control of Berlin, Hitler was organizing a defense plan for the capital using Wermacht Divisions that had been destroyed. His planning considering that departure from reality is said to be evidence of his insanity at the time.

    What may we gleen from the planning of the Big 0?
     
  4. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    good grief, Obamabots are hilarious.

    give the Obama credit for our economy growing..:lol:
     
  5. Truthmatters
    Offline

    Truthmatters BANNED

    Joined:
    May 10, 2007
    Messages:
    80,182
    Thanks Received:
    2,223
    Trophy Points:
    0
    Ratings:
    +2,233
    So Obama gets no credit but the republicans do ?
     
  6. Stephanie
    Offline

    Stephanie Diamond Member Supporting Member

    Joined:
    Jul 11, 2004
    Messages:
    70,236
    Thanks Received:
    10,818
    Trophy Points:
    2,040
    Ratings:
    +27,360
    who says the Republicans do?
    so the Obama waved his magic wand and walla, our economy grew.
     
  7. Mad Scientist
    Offline

    Mad Scientist Deplorable Gold Supporting Member Supporting Member

    Joined:
    Sep 15, 2008
    Messages:
    23,940
    Thanks Received:
    5,212
    Trophy Points:
    270
    Ratings:
    +7,684
    rdean said that trillions were being held back by "greedy business owners who hate the black man in the WHITE house" so yeah, the new Republican dominated House should get the credit.

    Business owners all across America breathed a sigh of relief now that adults are in charge.
     
  8. code1211
    Offline

    code1211 Senior Member

    Joined:
    Apr 8, 2009
    Messages:
    5,999
    Thanks Received:
    845
    Trophy Points:
    48
    Ratings:
    +845


    Ah Ha! So! It is RDean who says that the Republican Congress is responsible for this.

    Then it must be right.

    Seriously, though, if it is clear that both houses of Congress and the White House are continuously conspiring to remove any and all profits from your pocket if your earn them, what is the incentive to earn them in the first place?

    The election of the Republican majority in the House at least puts a speed bump in the road to nationalization of all industry.
     
  9. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Much of our "growth" has actually been an increase in food and oil prices.
     
    • Thank You! Thank You! x 1
  10. Terral
    Offline

    Terral Terral Corp CEO

    Joined:
    Mar 4, 2009
    Messages:
    2,490
    Thanks Received:
    91
    Trophy Points:
    83
    Ratings:
    +91
    Bullony! You are posting little more than Obama Propaganda that the economy is getting better, when in reality things are getting far worse. The reason things appear to be getting better is over one reason: Fed Stimulus through overprinting of more worthless fiat currency.

    [ame="http://www.youtube.com/watch?v=PTUY16CkS-k"]Quantitative Easing Explained[/ame]

    The so-called 'Quantitative Easing' is destroying the US dollar, while the big banks get zero-percent money to lend out at 5 to 10 to 20 to 30 percent on credit cards, while the remainder is used speculating in the markets that are rising due to INFLATION. That means you need more dollars to buy the same stock and the same gold and silver and everything else, which makes the numbers go up; when actually the value of each dollar is going down. Buy Silver Now! (around 26 bucks during the current dips $25-30).

    [ame=http://www.youtube.com/watch?v=jUIV1nKPR-g]Peter Schiff On the Coming Stimulus Bubble Bursting[/ame]

    There is no credit to be handed out to Obama (Illegal Alien #1) or any of our corrupt politicians. The Stimulus Bubble is going to BURST and the party will be over and those of you holding fiat currency will be crying like babies when the crap hits the fan.

    [ame="http://www.youtube.com/watch?v=H02jk1oMJoU"]Listen To Paul Craig Roberts Adviser To Ronald Reagan[/ame]

    GL,

    Terral
     
    Last edited: Jan 30, 2011

Share This Page