Wow..."Brutal 2015 Winter Took A Toll On The U.S. Economy"

[healthmyths]

You remain a lying piece of shit. You claim 2000-Q4 was negative, when in fact, it was positive 2.3%.

http://www.bea.gov/national/xls/gdpchg.xls

Why do you lie if facts and figures were on your side?

Wrong, those gdp values were revised into the negative at .5 for the q4 of 2000.

Umm ... check out the link I provided. Actual current GDP values. Q4-2000 was +2.3%

I stand corrected. 2.1 percent growth, revised .5 downward but still positive. The first and second quarter of 2001 were negative.

Q: The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. How does that relate to the NBER’s recession dating procedure?

A: Most of the recessions identified by our procedures do consist of two or more quarters of declining real GDP, but not all of them. But our procedure differs in a number of ways. First, we use monthly indicators to arrive at a monthly chronology. Second, we use indicators subject to much less frequent revision. Third, we consider the depth of the decline in economic activity. Recall that our definition includes the phrase, “a significant decline in activity.”

The Business-Cycle Peak of March 2001

What does that have to do with your bald-faced lie that Q4-2000 GDP was negative?

The government expenditures based on taxes collected from Americans was the ONLY positive value
Domestic goods NEGATIVE
Durable goods NEGATIVE!
Non-residential investments NEGATIVE!
Exports WAY WAY NEGATIVE!!
Imports NEGATIVE!
Only the government spending tax dollars had a positive!

Final 4th Quarter GDP Figures Confirm Economic Woes

For ALL practical purposes GDP was negative!

 

[Faun]

Wrong, those gdp values were revised into the negative at .5 for the q4 of 2000.

Umm ... check out the link I provided. Actual current GDP values. Q4-2000 was +2.3%

I stand corrected. 2.1 percent growth, revised .5 downward but still positive. The first and second quarter of 2001 were negative.

Q: The financial press often states the definition of a recession as two consecutive quarters of decline in real GDP. How does that relate to the NBER’s recession dating procedure?

A: Most of the recessions identified by our procedures do consist of two or more quarters of declining real GDP, but not all of them. But our procedure differs in a number of ways. First, we use monthly indicators to arrive at a monthly chronology. Second, we use indicators subject to much less frequent revision. Third, we consider the depth of the decline in economic activity. Recall that our definition includes the phrase, “a significant decline in activity.”

The Business-Cycle Peak of March 2001

What does that have to do with your bald-faced lie that Q4-2000 GDP was negative?

The government expenditures based on taxes collected from Americans was the ONLY positive value
Domestic goods NEGATIVE
Durable goods NEGATIVE!
Non-residential investments NEGATIVE!
Exports WAY WAY NEGATIVE!!
Imports NEGATIVE!
Only the government spending tax dollars had a positive!


View attachment 42765
Final 4th Quarter GDP Figures Confirm Economic Woes

For ALL practical purposes GDP was negative!

Meaningless tripe. You don't get to change the definition of GDP to suit your partisan urges. GDP includes government consumption and was positive in Q4-2000.

You lied. Simple as that. Now you seem to think you can alter the definition of GDP to show you didn't lie.

Face facts ... the recession started under Bush, not Clinton. Deal with it.

 

[Rozman]

So unfortunate for the Obama legacy....
First time in our history we had a bad winter.....

 

[Skylar]

They will come up with any excuse possible to hide the economic problems caused by radical progressive/Keynesian policies.

What amazes me is how easily fooled millions of Americans are, with this utter bullsh*t.

Riddle me this: if the economy shows a sharp increase after the winter, will you admit that its likely the winter took a toll?

Or do 'radical progressive/Keynesian policies' only effect the economy when its cold? If so, why?

 

[healthmyths]

They will come up with any excuse possible to hide the economic problems caused by radical progressive/Keynesian policies.

What amazes me is how easily fooled millions of Americans are, with this utter bullsh*t.

Riddle me this: if the economy shows a sharp increase after the winter, will you admit that its likely the winter took a toll?

Or do 'radical progressive/Keynesian policies' only effect the economy when its cold? If so, why?

Of course I will... IF YOU will admit THESE 4 gigantic events had a DIRECT affect on the economy and IN spite of the affect of weather i.e. WORST hurricane SEASONS,
Worst attack on the USA...9/11... the Dot.com bust and the recession as well as the anthrax attacks...

1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months

A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?

 

[gipper]

They will come up with any excuse possible to hide the economic problems caused by radical progressive/Keynesian policies.

What amazes me is how easily fooled millions of Americans are, with this utter bullsh*t.

Riddle me this: if the economy shows a sharp increase after the winter, will you admit that its likely the winter took a toll?

Or do 'radical progressive/Keynesian policies' only effect the economy when its cold? If so, why?

I would say our government's economic policies are all smoke and mirrors, no matter what time of year you wish to analyze. The economy is not doing well and this is reflected in many ways, even though they like to claim we are in recovery. It sure is one long recovery. History shows that this so called recovery is one of the longest ever.

How can the economy be good with nearly 100 million Americans not working? Personal incomes are lower than 1980s. The top 10% are doing great. The rest of us not so much.

The fools in government and media can say the economy is great, but it does not mean it is.

 

[Skylar]

They will come up with any excuse possible to hide the economic problems caused by radical progressive/Keynesian policies.

What amazes me is how easily fooled millions of Americans are, with this utter bullsh*t.

Riddle me this: if the economy shows a sharp increase after the winter, will you admit that its likely the winter took a toll?

Or do 'radical progressive/Keynesian policies' only effect the economy when its cold? If so, why?

I would say our government's economic policies are all smoke and mirrors, no matter what time of year you wish to analyze. The economy is not doing well and this is reflected in many ways, even though they like to claim we are in recovery. It sure is one long recovery. History shows that this so called recovery is one of the longest ever.

If they are smoke and mirrors....then why are you putting any credence into the slight decline in Q1? Wouldn't those numbers be just as unreliable as any other you'd dismiss?

How can the economy be good with nearly 100 million Americans not working?

Because many people do unpaid work.....like raising their families? The LPR is higher now than it was for all of the 40s, 50s, 60s, and most of the 70s. Was the economy bad in all of these eras as well?

If not, why not?

Personal incomes are lower than 1980s. The top 10% are doing great. The rest of us not so much.

That's what happens when you focus on supply side economics. You put money in the hands of the suppliers. You'll see a stark disconnect between productrivity increases and real wage increases right around the time we instituted such supply side policy.

Its foolish for two reasons. One, it encourages economic stagnation among almost all but the richest Americans. Second, its fucking stupid. As a business's health isn't a product of how much it can make. But how much it can sell. Which is why you invest in your consumer base who is buying the products. Not your supplier base who is making them.

Supply will always find demand. Demand won't always find supply.

 

[hadit]

Remember though "Brutal winter of 2015"!!!

I thought we were getting warmer and the last several years were the hottest on record?

 

[Skylar]

They will come up with any excuse possible to hide the economic problems caused by radical progressive/Keynesian policies.

What amazes me is how easily fooled millions of Americans are, with this utter bullsh*t.

Riddle me this: if the economy shows a sharp increase after the winter, will you admit that its likely the winter took a toll?

Or do 'radical progressive/Keynesian policies' only effect the economy when its cold? If so, why?

Of course I will... IF YOU will admit THESE 4 gigantic events had a DIRECT affect on the economy and IN spite of the affect of weather i.e. WORST hurricane SEASONS,
Worst attack on the USA...9/11... the Dot.com bust and the recession as well as the anthrax attacks...

1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months

Clinton wasn't president in March of 2001. He left office in January of 2001. You can look it up. There were pictures and everything.

So you're aware that your wrong, right? Lets start there to see if reality will have any impact on your argument.

 

[Misty]

Brutal 2015 Winter Took A Toll On The U.S. Economy
Brutal 2015 Winter Took A Toll On The U.S. Economy
The U.S. economy shrank at a 0.7 percent annual rate in the first three months of the year, depressed by a severe winter and a widening trade deficit.

The government's revised estimate for last quarter was weaker than its initial estimate of a 0.2 percent growth rate. The U.S. trade gap — the difference between the value of exports and the larger value of imports — was found to be wider than first estimated. And consumer spending was slower than previously thought.

But steady job gains are expected to fuel modestly healthy growth for the rest of 2015. The harsh winter, which kept many consumers home and businesses closed, and a labor dispute that slowed trade at West Coast ports are both over.

OK...
"Brutal winter" excuse....
How about these events...was there ANY AFFECT on the economy?
Recession
1) Are you aware that a recession started under Clinton and became official 3/01 ended 11/01?
Source: USATODAY.com - It s official 2001 recession only lasted eight months

A Major $5 trillion market loss
2) Are you aware that the dot.com bust occurred and cost $5 trillion in losses?
According to the Los Angeles Times, when the dot-com bubble burst, it wiped out $5 trillion dollars in market value for tech companies. More than half of the Internet companies created since 1995 were gone by 2004 - and hundreds of thousands of skilled technology workers were out of jobs.
Source: The dot-com bubble How to lose 5 trillion Anderson Cooper 360 - CNN.com Blogs

The worst attacks on the USA in History.. 3,000 deaths!!!
3)Obviously most of you are UNAWARE 9/11 cost 3,000 lives, $2 trillion in lost businesses,market values assets. Jobs lost in New York owing to the attacks: 146,100 JUST in New York.
Year 2001: September 11 Terrorist Attacks
The 9/11 terrorist attacks were the events that helped shape other financial events of the decade. After that terrible day in September 2001, our economic climate was never to be the same again. It was only the third time in history that the New York Stock Exchange was shut down for a period of time. In this case, it was closed from September 10 - 17. Besides the tragic human loss of that day, the economic loss cannot even be estimated. Some estimate that there was over $60 billion in insurance losses alone. Airlines didn't fly for 3 days!
Approximately 18,000 small businesses were either displaced or destroyed in Lower Manhattan after the Twin Towers fell. There was a buildup in homeland security on all levels. 9/11 caused a catastrophic financial loss for the U.S.
Source: The Top 10 Financial Events of the Decade
Anthrax Attacks...
The 2001 anthrax attacks in the United States, also known as Amerithrax from its Federal Bureau of Investigation (FBI) case name, occurred over the course of several weeks beginning on Tuesday, September 18, 2001, one week after the September 11 attacks. Letters containing anthrax spores were mailed to several news media offices and two DemocraticU.S. Senators, killing five people and infecting 17 others.

4) $1 trillion in losses due to the WORST Hurricane SEASONS in history.
The worst, Katrina made landfall in Louisiana as a Category 3 in 2005. It took 1,836 lives and caused $81.2 billion in damages. It quickly became the biggest natural disaster in U.S. history, almost destroying New Orleans due to severe flooding.

Rank Disaster Year Deaths Damage* $250 Billion in damages in the 8 disasters of the top 15 disasters in history!
1. Hurricane Katrina (LA/MS/AL/FL) 2005 1833 $133,800,000,000
6. Hurricane Ike (TX/LA/MS) 2008 112 $27,000,000,000
7. Hurricane Wilma (FL) 2005 35 $17,100,000,000
8. Hurricane Rita (TX/LA) 2005 119 $17,100,000,000
9. Hurricane Charley (FL) 2004 35 $16,500,000,000
12. Midwest Floods 2008 24 $15,000,000,000
13. Hurricane Ivan (FL/AL) 2004 57 $13,000,000,000
14. 30-State Drought 2002 0 $11,400,000,000
Costliest U.S. Weather Disasters Weather Underground

THESE events OCCURRED!
YET in SPITE of :
a) 400,000 jobs due to Hurricanes Katrina/Rita ,
b) 2,800,000 jobs in alone due to 9/11,
c) 300,000 jobs lost due to dot.com busts...
In spite of nearly $8 trillion in lost businesses, market values, destroyed property.. IN SPITE of that:

AFTER the tax cuts Federal Tax REVENUES Increased an average of 9.78% per year!!!
Government Revenue Details Federal State Local for 2008 - Charts

2000 $236.2 billion surplus
2001 $128.2 billion surplus
2002 $157.8 billion deficit.. also 9/11 occurred and tax revenues lowered for years later
2003 $377.6 billion deficit.. BRAND new cabinet Homeland Security, plus loans made to businesses.. again tax revenues down..affect of 9/11
2004 $412.7 billion deficit.. Revenues up by 5.5% spending increased and economy getting back.
2005 $318.3 billion deficit.. revenues up by 14.5% deficit decreasing at rate of 22%
2006 $248.2 billion deficit.. revenues up by 11.7% deficit decrease 22%
2007 $160.7 billion deficit.. revenues up by 6.7% deficit decrease 35%
2008 $458.6 billion deficit.. revenues down and deficit INCREASED TARP loan mostly...
Historical Federal Receipt and Outlay Summary

So how did those 4 gigantic events affect the Gross Domestic Product from 2000 to 2009?

View attachment 42725

But of course the first quarter 2015 ..."Brutal winter"!!!

The recession started under Clinton? WTF??? Your own link says it started under Bush.

Recessions don't like the water faucet IMMEDIATELY HAPPEN! Dummy!
It takes months before you have 2 consecutive quarters per the NBER
DEFINITION of 'Recession'
The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP); although the National Bureau of Economic Research (NBER) does not necessarily need to see this occur to call a recession.
Recession Definition Investopedia
2 consecutive meaning:
Jan 2001 to March 2001 is ONE of the two...
Oct 2000 to Dec 2000 in the first of the two.... ahem.... Who was President at the end of 2000?



Read more: Recession Definition Investopedia
Follow us: @Investopedia on Twitter

You remain a lying piece of shit. You claim 2000-Q4 was negative, when in fact, it was positive 2.3%.

http://www.bea.gov/national/xls/gdpchg.xls

Why do you lie if facts and figures were on your side?

Why do you repeat the same post over and over? You should put that in quotes since you merely plagiarized your info.

 

[Rexx Taylor]

no wonder the warm southern states never take a blow, Texas and Florida are always doing fine.