US GDP shrinks 2.9% in first quarter

[KissMy]

Bush/Cheney inherited a Peaceful Great Clinton Economy, Record High Employment Rate, Spending Cuts, Surplus Revenue was rebuilding the SS trust fund that had been stolen by previous administrations.

Dick Cheney says to US Treasury secretary Paul O’Neill before he fired him: “You know, Paul, Reagan proved deficits don’t matter. We won the election. This is our due.”

Bush/Cheney Exploded Spending, Exploded Government Employee Compensation & Pay, Exploded the Size & Power of Government, wiped out the Clinton's Surplus, Killed his Great Economy, Killed his Record High Employment Rate & killed 8,300 US citizens in a Attack they Refused to Prevent & War they campaigned to wage.

Obama was handed a steaming pile of shit, & he tended it into a growing garden.

Bush inherited the dot com bust. Bush inherited Clinton's failed policy on terrorism, leading to 9/11. Clinton inherited Reagan's successful defeat of the Soviets, allowing for the peace dividiend, which CLinton squandered.
Obama took a tough situation and made it worse.

Waaaaaaa!!!!!!!! - Waaaaaaaaaaaaa!!!!!!!!!!!!!!! - Waaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!! - It's all Clinton's fault.

Bush REFUSED to stop 9/11/2001 attacks & chose to go after Iraq instead.

 

[The Rabbi]

Bush/Cheney inherited a Peaceful Great Clinton Economy, Record High Employment Rate, Spending Cuts, Surplus Revenue was rebuilding the SS trust fund that had been stolen by previous administrations.

Dick Cheney says to US Treasury secretary Paul O’Neill before he fired him: “You know, Paul, Reagan proved deficits don’t matter. We won the election. This is our due.”

Bush/Cheney Exploded Spending, Exploded Government Employee Compensation & Pay, Exploded the Size & Power of Government, wiped out the Clinton's Surplus, Killed his Great Economy, Killed his Record High Employment Rate & killed 8,300 US citizens in a Attack they Refused to Prevent & War they campaigned to wage.

Obama was handed a steaming pile of shit, & he tended it into a growing garden.

Bush inherited the dot com bust. Bush inherited Clinton's failed policy on terrorism, leading to 9/11. Clinton inherited Reagan's successful defeat of the Soviets, allowing for the peace dividiend, which CLinton squandered.
Obama took a tough situation and made it worse.

Waaaaaaa!!!!!!!! - Waaaaaaaaaaaaa!!!!!!!!!!!!!!! - Waaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!! - It's all Clinton's fault.

Bush REFUSED to stop 9/11/2001 attacks & chose to go after Iraq instead.

Because he wanted to give no bid contracts to Cheney/Halliburton! And he lied us into war! And Bush is a war criminal!
Loosen the tin foil there, s0n.

 

[MACAULAY]

This was all caused by Yankees freezing their ass off because of Global Warming.

That's Obama's position anyway, and if you are a Pinhead, you believe him.

 

[KissMy]

Bush inherited the dot com bust. Bush inherited Clinton's failed policy on terrorism, leading to 9/11. Clinton inherited Reagan's successful defeat of the Soviets, allowing for the peace dividiend, which CLinton squandered.
Obama took a tough situation and made it worse.

Waaaaaaa!!!!!!!! - Waaaaaaaaaaaaa!!!!!!!!!!!!!!! - Waaaaaaaaaaaaaaaaaaaaa!!!!!!!!!!!!!!!! - It's all Clinton's fault.

Bush REFUSED to stop 9/11/2001 attacks & chose to go after Iraq instead.

Because he wanted to give no bid contracts to Cheney/Halliburton! And he lied us into war! And Bush is a war criminal!
Loosen the tin foil there, s0n.

June 22, 2001: Bush Administration: "The C.I.A. has been fooled; Bin Laden was merely pretending to be planning an attack to distract the administration from Saddam Hussein"

Bush's Atty General Ashcroft 4 months before 9/11/2001 "I don't want to hear any more about Osama Bin Laden & Al Qaeda"

 

[BlindBoo]

Bush/Cheney inherited a Peaceful Great Clinton Economy, Record High Employment Rate, Spending Cuts, Surplus Revenue was rebuilding the SS trust fund that had been stolen by previous administrations.

Dick Cheney says to US Treasury secretary Paul O’Neill before he fired him: “You know, Paul, Reagan proved deficits don’t matter. We won the election. This is our due.”

Bush/Cheney Exploded Spending, Exploded Government Employee Compensation & Pay, Exploded the Size & Power of Government, wiped out the Clinton's Surplus, Killed his Great Economy, Killed his Record High Employment Rate & killed 8,300 US citizens in a Attack they Refused to Prevent & War they campaigned to wage.

Obama was handed a steaming pile of shit, & he tended it into a growing garden.

Bush inherited the dot com bust. Bush inherited Clinton's failed policy on terrorism, leading to 9/11. Clinton inherited Reagan's successful defeat of the Soviets, allowing for the peace dividiend, which CLinton squandered.
Obama took a tough situation and made it worse.

Bush ignored Clinton's specific warning about al Qaeda. Clinton inherited the remnants of the Kuwait rescue. But he was a war hawk too. Clinton's biggest mistake was not implementing his plan against al Qaeda and the Taliban after Oct. 12 2000. We might not have had a Bush as President in 2001 had he kept his word.

 

[RoshawnMarkwees]

I've been watching along as well. Prices are beginning to rise, alarmingly so. Do you think we're beginning to see inflation on the rise? We knew it was coming.. all the worthless fiat being printed and flooding the marketplace..

There's already inflation in book. food prices are way up, gasoline is up, electricity bills are up.

But that's not inflation. That is a direct result of Obama energy policy causing all overhead to increase due to everyone's energy costs rising. Obama is a creep and his supporters are mostly stupid. Some are just insulated.

 

[The Rabbi]

Bush/Cheney inherited a Peaceful Great Clinton Economy, Record High Employment Rate, Spending Cuts, Surplus Revenue was rebuilding the SS trust fund that had been stolen by previous administrations.

Dick Cheney says to US Treasury secretary Paul O’Neill before he fired him: “You know, Paul, Reagan proved deficits don’t matter. We won the election. This is our due.”

Bush/Cheney Exploded Spending, Exploded Government Employee Compensation & Pay, Exploded the Size & Power of Government, wiped out the Clinton's Surplus, Killed his Great Economy, Killed his Record High Employment Rate & killed 8,300 US citizens in a Attack they Refused to Prevent & War they campaigned to wage.

Obama was handed a steaming pile of shit, & he tended it into a growing garden.

Bush inherited the dot com bust. Bush inherited Clinton's failed policy on terrorism, leading to 9/11. Clinton inherited Reagan's successful defeat of the Soviets, allowing for the peace dividiend, which CLinton squandered.
Obama took a tough situation and made it worse.

Bush ignored Clinton's specific warning about al Qaeda. Clinton inherited the remnants of the Kuwait rescue. But he was a war hawk too. Clinton's biggest mistake was not implementing his plan against al Qaeda and the Taliban after Oct. 12 2000. We might not have had a Bush as President in 2001 had he kept his word.

Wow. Clinton's plan seemed to be to lob cruise missiles at the desert and declare those responsible would be brought to justice. His actions in Somalia directly led to 9/11 as they encouraged bin Laden. Clinton's entire law enforcement approach to terrorism, repeated by Obama, is simply wrong and a failure.

In every case Democrats are merely the victims. It is like they hold no power once they are in office.

 

[The Rabbi]

I've been watching along as well. Prices are beginning to rise, alarmingly so. Do you think we're beginning to see inflation on the rise? We knew it was coming.. all the worthless fiat being printed and flooding the marketplace..

There's already inflation in book. food prices are way up, gasoline is up, electricity bills are up.

But that's not inflation. That is a direct result of Obama energy policy causing all overhead to increase due to everyone's energy costs rising. Obama is a creep and his supporters are mostly stupid. Some are just insulated.

Inflation is a general rise in prices. Cheap money fuels it. We are seeing inflation, which was the Fed's intent all along. But they dont know how to shut it off before it gets out of control.

 

[KissMy]

Bush inherited the dot com bust. Bush inherited Clinton's failed policy on terrorism, leading to 9/11. Clinton inherited Reagan's successful defeat of the Soviets, allowing for the peace dividiend, which CLinton squandered.
Obama took a tough situation and made it worse.

Bush ignored Clinton's specific warning about al Qaeda. Clinton inherited the remnants of the Kuwait rescue. But he was a war hawk too. Clinton's biggest mistake was not implementing his plan against al Qaeda and the Taliban after Oct. 12 2000. We might not have had a Bush as President in 2001 had he kept his word.

Wow. Clinton's plan seemed to be to lob cruise missiles at the desert and declare those responsible would be brought to justice. His actions in Somalia directly led to 9/11 as they encouraged bin Laden. Clinton's entire law enforcement approach to terrorism, repeated by Obama, is simply wrong and a failure.

In every case Democrats are merely the victims. It is like they hold no power once they are in office.

How many terrorist did Bush get before 9/11? Did Bush even try to stop terrorist before 9/11? How many terrorist were in Iraq before the Bush invasion? How many terrorits are in Iraq now? Obama killed 10 times more terrorist in his first term than Bush did in 2 terms. Obama has 5 times less collateral damage killed per terrorist. Bush got 5 times more US citizens killed on his watch than Obama.

 

[Mac1958]

There's already inflation in book. food prices are way up, gasoline is up, electricity bills are up.

But that's not inflation. That is a direct result of Obama energy policy causing all overhead to increase due to everyone's energy costs rising. Obama is a creep and his supporters are mostly stupid. Some are just insulated.

Inflation is a general rise in prices. Cheap money fuels it. We are seeing inflation, which was the Fed's intent all along. But they dont know how to shut it off before it gets out of control.

There definitely are some signs, and we don't have the growth yet to mitigate it.

The Fed can pull liquidity back out of the system easily enough, and one report says that could be as early as first quarter 2015.

Yikes, talk about threading a needle. I dunno.

.

 

[Moonglow]

Bush inherited the dot com bust. Bush inherited Clinton's failed policy on terrorism, leading to 9/11. Clinton inherited Reagan's successful defeat of the Soviets, allowing for the peace dividiend, which CLinton squandered.
Obama took a tough situation and made it worse.

Bush ignored Clinton's specific warning about al Qaeda. Clinton inherited the remnants of the Kuwait rescue. But he was a war hawk too. Clinton's biggest mistake was not implementing his plan against al Qaeda and the Taliban after Oct. 12 2000. We might not have had a Bush as President in 2001 had he kept his word.

Wow. Clinton's plan seemed to be to lob cruise missiles at the desert and declare those responsible would be brought to justice. His actions in Somalia directly led to 9/11 as they encouraged bin Laden. Clinton's entire law enforcement approach to terrorism, repeated by Obama, is simply wrong and a failure.

In every case Democrats are merely the victims. It is like they hold no power once they are in office.

They Muslims had the Twin Towers in their sites before 9/11...and even tried to blow it up, before 9/11...

 

[The Rabbi]

Bush ignored Clinton's specific warning about al Qaeda. Clinton inherited the remnants of the Kuwait rescue. But he was a war hawk too. Clinton's biggest mistake was not implementing his plan against al Qaeda and the Taliban after Oct. 12 2000. We might not have had a Bush as President in 2001 had he kept his word.

Wow. Clinton's plan seemed to be to lob cruise missiles at the desert and declare those responsible would be brought to justice. His actions in Somalia directly led to 9/11 as they encouraged bin Laden. Clinton's entire law enforcement approach to terrorism, repeated by Obama, is simply wrong and a failure.

In every case Democrats are merely the victims. It is like they hold no power once they are in office.

How many terrorist did Bush get before 9/11? Did Bush even try to stop terrorist before 9/11? How many terrorist were in Iraq before the Bush invasion? How many terrorits are in Iraq now? Obama killed 10 times more terrorist in his first term than Bush did in 2 terms. Obama has 5 times less collateral damage killed per terrorist. Bush got 5 times more US citizens killed on his watch than Obama.

How many terrorists did Clinton get? How many attacks did we have after the World Trade Center bombing? How many attacks did we have after Bush responded to 9/11?
See, an effective policy is what happens after you actually do something. In Bush's case he had a successful policy. In Obama's case he's had nothing but failure.
Bush-success
Obama-failure.

 

[The Rabbi]

But that's not inflation. That is a direct result of Obama energy policy causing all overhead to increase due to everyone's energy costs rising. Obama is a creep and his supporters are mostly stupid. Some are just insulated.

Inflation is a general rise in prices. Cheap money fuels it. We are seeing inflation, which was the Fed's intent all along. But they dont know how to shut it off before it gets out of control.

There definitely are some signs, and we don't have the growth yet to mitigate it.

The Fed can pull liquidity back out of the system easily enough, and one report says that could be as early as first quarter 2015.

Yikes, talk about threading a needle. I dunno.

.

I saw in the report that not only was GDP down but productivity is down as well. That is a terrible sign, declining productivity in the face of higher prices.
The Fed has an abominable track record on interest rates. The entire crisis of 2008 came about because the Fed misjudged the interest rate environment and lowered rates when they should have raised them.
I have zero confidence they will raise rates in time. They already have gone back on their promises to raise rates off zero when unemployment got to 6.7%.

 

[The Rabbi]

Bush ignored Clinton's specific warning about al Qaeda. Clinton inherited the remnants of the Kuwait rescue. But he was a war hawk too. Clinton's biggest mistake was not implementing his plan against al Qaeda and the Taliban after Oct. 12 2000. We might not have had a Bush as President in 2001 had he kept his word.

Wow. Clinton's plan seemed to be to lob cruise missiles at the desert and declare those responsible would be brought to justice. His actions in Somalia directly led to 9/11 as they encouraged bin Laden. Clinton's entire law enforcement approach to terrorism, repeated by Obama, is simply wrong and a failure.

In every case Democrats are merely the victims. It is like they hold no power once they are in office.

They Muslims had the Twin Towers in their sites before 9/11...and even tried to blow it up, before 9/11...

That's correct. What was Clinton's response? He declared the perps would be brought to justice and then not much happened. That's what led to 9/11. Bush inherited the results of Clinton's failed policies regarding terrorism.

 

[LordBrownTrout]

The fed should have already rates instead of pumping 80 billion a month for the last five years. But the fed does what it does best, create endless bubbles.

 

[KissMy]

The fed should have already rates instead of pumping 80 billion a month for the last five years. But the fed does what it does best, create endless bubbles.

The Fed will not slow the money pump because the velocity of money is still in a nose dive. It will not end for at least 4 years when the M2 velocity gets down to 1.3 or up to 11 years from now when all the Baby Boomers have retired.

 

[The Rabbi]

The fed should have already rates instead of pumping 80 billion a month for the last five years. But the fed does what it does best, create endless bubbles.

The Fed will not slow the money pump because the velocity of money is still in a nose dive. It will not end for at least 4 years when the M2 velocity gets down to 1.3 or up to 11 years from now when all the Baby Boomers have retired.

Another wrong worthless statement.
The Fed will be forced to raise rates, probably after the election in November. But they wont do it enough or soon enough and we'll be back to the late 1970s again with stagflation.

 

[RoshawnMarkwees]

There's already inflation in book. food prices are way up, gasoline is up, electricity bills are up.

But that's not inflation. That is a direct result of Obama energy policy causing all overhead to increase due to everyone's energy costs rising. Obama is a creep and his supporters are mostly stupid. Some are just insulated.

Inflation is a general rise in prices. Cheap money fuels it. We are seeing inflation, which was the Fed's intent all along. But they dont know how to shut it off before it gets out of control.

Inflation is the superficial rise in prices due to the devaluing of the currency. Much of our cost increases are tangible and lay at the foot of the energy door. Obama' restrictions on oil and coal extraction are the culprit.

 

[KissMy]

The fed should have already rates instead of pumping 80 billion a month for the last five years. But the fed does what it does best, create endless bubbles.

The Fed will not slow the money pump because the velocity of money is still in a nose dive. It will not end for at least 4 years when the M2 velocity gets down to 1.3 or up to 11 years from now when all the Baby Boomers have retired.

Another wrong worthless statement.
The Fed will be forced to raise rates, probably after the election in November. But they wont do it enough or soon enough and we'll be back to the late 1970s again with stagflation.

Yes your statements are wrong worthless.

The falling velocity of money holds down interest rates & inflation. To burn off the bubble it will decline to 1.3 taking nearly 4 more years. Plus there are Boomers retiring, declining government spending & job market slack.

There is no Reagan/Bush runaway inflation, or interest rates to force the Fed to act. You idiots have been trying to project your inflation failures on Obama since he was elected & have been way wrong every time.

We went off the gold standard in 1971, had Arab Oil Embargo of 1973 & the 1979 interest rate spike was caused by the failure of congress to raise the debt ceiling in time screwing bondholders who had to sue the government to recoup their money. This caused rates to explode, stagflation & double dip recession. Republicans tried to not raise the debt ceiling to cause another one of these disasters on Obama to punish the country for electing him.

 

[theHawk]

Obamanamics taking hold

The US economy suffered its worst performance for five years in the first quarter of 2014, a third and final official estimate has shown.


The US Commerce Department said the economy shrank by an annualised rate of 2.9%

It was almost double economists' expectations for a fall of 1.7%,

A second estimate last month showed the economy shrank by 1%, blaming the unusually cold winter for the fall.

The gap between the second and third estimates is the largest on record.

Growth in the US economy has now been revised down by 3% since the first estimate.

BBC News - US GDP shrinks 2.9% in first quarter

Obamacare. Forcing people to give up thousands of their dollars to insurance companies is no different than a tax.