Weakest Economy on Record

Discussion in 'Politics' started by The Rabbi, Jul 29, 2011.

  1. The Rabbi
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    The Rabbi Diamond Member

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    GDP numbers released this AM. Growth fell to 1.3% annual for the first 6 months. January to March, originally estimated at an already weak 1.3% were revised down to 0.4%, which is essentiallly no growth at all.
    This was supposed to be the recovery. Compared to past recoveries this is the weakest on record. It is a double dip recession coming, with increasing news of layoffs.
    Obamanomics has failed, utterly and completely. Anyone who even tries to defend this record reveals himself as a kook or a moron.
    Economy slowed sharply in first half of year - Yahoo! News
     
  2. NYcarbineer
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    NYcarbineer Diamond Member

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    We're a nation in decline. There's nothing substantial that any president can do to change that.
     
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  3. iamwhatiseem
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    iamwhatiseem Gold Member

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    What is important to see here is that economic data is TOTALLY worthless when it is first given.
    When the report came out last April that GDP grew by 2% in the first quarter - everyone lauded and joined hands and sang songs. "See the stimulus is working!!!"
    Until now.
    When the real data comes out and shows absolutely no growth whatsoever.
     
  4. The Rabbi
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    The Rabbi Diamond Member

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    People said the same under Carter. Reagan proved them wrong.
     
  5. Intense
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    Intense Senior Member

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    Every move this President makes drives us deeper in the hole. There is an effect to his policies, damage.
    Have enough change yet?
     
  6. Truthmatters
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    Sep 28, 2007 - Enrolled Bill. This is the final text of the bill or resolution as approved by both the Senate and House. This is the latest version of the bill currently available on GovTrack.









    H.J.Res.43




    One Hundred Tenth Congress




    of the




    United States of America




    Begun and held at the City of Washington on Thursday,




    the fourth day of January, two thousand and seven




    Joint Resolution




    Increasing the statutory limit on the public debt.




    Resolved by the Senate and House of Representatives of the United States of America in Congress assembled, That subsection (b) of section 3101 of title 31, United States Code, is amended by striking out the dollar limitation contained in such subsection and inserting in lieu thereof $9,815,000,000,000.




    Speaker of the House of Representatives.




    Vice President of the United States and




    President of the Senate.


    http://www.govtrack.us/congress/billtext.xpd?bill=hj110-43
     
    Last edited: Jul 29, 2011
  7. Intense
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    Intense Senior Member

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    The DNC want's control, while at the same time deflecting blame. What else is new?
     
  8. Truthmatters
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    The holding hostage of the debt ceiiling is harming the economy already
     
  9. Intense
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    Intense Senior Member

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    TM Why are you spamming the boards with your Bullshit. Why not just limit the garbage to the thread you originally posted it on. Stop Cross Posting. Pretty Please. :)
     
  10. The Rabbi
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    The Rabbi Diamond Member

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    The debt ceiling issue was a live issue for the first 3 months of the year?

    You are utterly pitiable.
     

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