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It's official: economy is tanking

Posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012

http://www.cnbc.com/id/47202822

For you NPR addicts, this might be good news.

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Re: It's official: economy is tanking

Posted by Fred G on Fri Apr 27 13:10:10 2012, in response to It's official: economy is tanking, posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012.

So if the economy grows by 2.2% it's tanking?

your pal,
Fred

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Re: It's official: economy is tanking

Posted by bingbong on Fri Apr 27 13:30:02 2012, in response to It's official: economy is tanking, posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012.

2.2% growth is looked upon as a sustainable recovery. Would be nice to NOT have another bubble to crash, a-la-bush, eh?

Europe, with its obsession on austerity is declining to a depression. Shows ya the good stimulus does. If 2.2% isn't enough for you , Chris, let's do another stimulus. k?



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Re: It's official: economy is tanking

Posted by streetcarman1 on Fri Apr 27 13:35:14 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Fri Apr 27 13:10:10 2012.

Maybe ChrisR16 is using some "Voodoo Economics" here :)

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 02:25:11 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Fri Apr 27 13:10:10 2012.

Most economists are not impressed with 2.2% growth especially when you look at the sectors that are leading the trend positive. For what it's worth 2.2% is anemic and more like treading water. They say 2.9% would indicate a positive move upwards.

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Re: It's official: economy is tanking

Posted by Edwards! on Sat Apr 28 02:29:05 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Fri Apr 27 13:30:02 2012.

he wishing for the PRE BUSH CLINTON DAYS..You know,the days where were had money..BEFORE the REPUKES got hold of damn near everything and ruined it....for everybody.

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 02:34:22 2012, in response to Re: It's official: economy is tanking, posted by Train Dude on Sat Apr 28 02:25:11 2012.

Stuart Varney's Point of View





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Re: It's official: economy is tanking

Posted by Fred G on Sat Apr 28 03:56:52 2012, in response to Re: It's official: economy is tanking, posted by Train Dude on Sat Apr 28 02:25:11 2012.

I know it's not impressive growth but it's not "tanking" which is my point.

Your pal,
Fred

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Re: It's official: economy is tanking

Posted by Fred G on Sat Apr 28 04:03:52 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Sat Apr 28 03:56:52 2012.

And if it were in fact 2.9% you would call it anemic and Chris would still say it's tanking.

Your pal,
Fred

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Re: It's official: economy is tanking

Posted by SelkirkTMO on Sat Apr 28 06:35:46 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Sat Apr 28 04:03:52 2012.

And if the republicans didn't keep INSISTING on doing "Euro-economy" we'd probably be doing 7% or better by now. But hey ... austerity happens and this is the result. :(

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Re: It's official: economy is tanking

Posted by SelkirkTMO on Sat Apr 28 06:36:46 2012, in response to Re: It's official: economy is tanking, posted by Edwards! on Sat Apr 28 02:29:05 2012.

Send the republicans over to the EU where they can be among their own. :)

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Re: It's official: economy is tanking

Posted by SelkirkTMO on Sat Apr 28 06:47:01 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Sat Apr 28 03:56:52 2012.

Yeah, he's cheering for it to go down like the other republicans. Nothing does better for America than going in the shitter to these guys. :(

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Re: It's official: economy is tanking

Posted by Fred G on Sat Apr 28 07:52:49 2012, in response to Re: It's official: economy is tanking, posted by SelkirkTMO on Sat Apr 28 06:35:46 2012.

Austerity doesn't seem to be working anywhere as a form of stimulus.

your pal,
Fred

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Re: It's official: economy is tanking

Posted by clearaspect on Sat Apr 28 08:39:09 2012, in response to It's official: economy is tanking, posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012.

2.2 is tanking? You're fucking retarded.

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 09:49:00 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Sat Apr 28 03:56:52 2012.

Did you see the clip I posted from Stuart Varney? As I said. 2.2% in the context of 8+% unemployment and other such factors does not spell growth according to Varney - whom I happen to agree with. There are other economic analysts who share this view.

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 09:56:01 2012, in response to Re: It's official: economy is tanking, posted by clearaspect on Sat Apr 28 08:39:09 2012.

Chris, did you see the clip I posted by Stuart Varney? He certainly is not a retard and he while he does not think that the economy is quite tanking, taken in the context of other indicators, your 2.2% is worrysome.





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Re: It's official: economy is tanking

Posted by cortelyounext on Sat Apr 28 10:06:39 2012, in response to Re: It's official: economy is tanking, posted by Train Dude on Sat Apr 28 09:56:01 2012.

He certainly is not a retard...

You don't mince words I'll give you that. To better illustrate my point, I attached a picture of a mincemeat pie. I respectfully ask both that noted photog Fred G and Mr. GQ Smooth, also known by his moniker which means handle Railman718, not to post anything untoward about pies. I will consider it an insult and an ad hominem attack period end of story. Now, I wish you, SelkirkTMO, and bingbong lasting peace, and thanks.


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Re: It's official: economy is tanking

Posted by Fred G on Sat Apr 28 10:18:50 2012, in response to Re: It's official: economy is tanking, posted by Train Dude on Sat Apr 28 09:49:00 2012.

Hopefully for the last time, 2.2% does not mean the economy is tanking.

your pal,
Fred

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Re: It's official: economy is tanking

Posted by AlM on Sat Apr 28 11:31:49 2012, in response to It's official: economy is tanking, posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012.

2.2% isn't great. But the Federal Reserve says you are exaggerating.

“The committee expects economic growth to remain moderate over coming quarters and then to pick up gradually,” the statement said. It said that unemployment would “decline gradually” and that inflation remained under control despite the impact of the recent rise in oil prices, which it regarded as temporary.

http://www.nytimes.com/2012/04/26/business/fed-to-stick-with-existing-measures.html

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Re: It's official: economy is tanking

Posted by JayMan on Sat Apr 28 13:31:44 2012, in response to It's official: economy is tanking, posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012.

Here's the dirty little secret:

There will be no lasting economic recovery. Welcome to the New Normal. But, it's not Obama's fault; it's more Bush's than Obama's, nor will electing Romney do anything to fix it.

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Re: It's official: economy is tanking

Posted by Easy on Sat Apr 28 13:38:52 2012, in response to Re: It's official: economy is tanking, posted by JayMan on Sat Apr 28 13:31:44 2012.

Maybe and not directed at you, but I think that many people only started speculating that this is the "new normal" in order to to make it look like Obama's policies have done as well as they possibly could. He did everything he could and this is where we are, so this must be as good as it gets. Or so they think.

I've lived through enough downturns and recoveries to know that people often to make broad generalizations based on recent data that turn out to be wrong one way or the other. I fully expect to see a boom for many of us even if there remains a substantial underclass that needs to be supported.

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Re: It's official: economy is tanking

Posted by bingbong on Sat Apr 28 14:11:57 2012, in response to Re: It's official: economy is tanking, posted by JayMan on Sat Apr 28 13:31:44 2012.

IMO electing Rmoney will make it much worse. He will lead the last money grab by the 1%ers.

And if I hear anyone refer to the idle rich as "job creators" ONE MORE TIME.....

if they WERE as billed, they'd be creating jobs.

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Re: It's official: economy is tanking

Posted by bingbong on Sat Apr 28 14:14:23 2012, in response to Re: It's official: economy is tanking, posted by Easy on Sat Apr 28 13:38:52 2012.

Considering that in the attempt to be bipartisan the stimulus was eviscerated from what was really necessary, the President's policies did work pretty well. We'd be doing better if they had been done full-force.

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Re: It's official: economy is tanking

Posted by bingbong on Sat Apr 28 14:39:43 2012, in response to Re: It's official: economy is tanking, posted by SelkirkTMO on Sat Apr 28 06:36:46 2012.

Yeah,they're tanking to....into a double dip, worse than the first. Welcome to the price of "austerity".

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Re: It's official: economy is tanking

Posted by Spider-Pig on Sat Apr 28 14:54:02 2012, in response to Re: It's official: economy is tanking, posted by Easy on Sat Apr 28 13:38:52 2012.

+1

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Re: It's official: economy is tanking

Posted by bingbong on Sat Apr 28 15:10:49 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Sat Apr 28 04:03:52 2012.

In 1996,it was 2.6% and that blew President Clinton back into the Oval Office for another 4 years. The last one, bush got re-elected at 1.4%, Diebold and a whole lotta Fear a-la Rove. 2.2% isn't bad , it's just that bush did so MUCH damage that it's going to take along time to recover at this rate.

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Re: It's official: economy is tanking

Posted by Easy on Sat Apr 28 15:13:24 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sat Apr 28 15:10:49 2012.

lol. Bush damaged the entire worldwide economy on his own? No democrats involved?

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Re: It's official: economy is tanking

Posted by bingbong on Sat Apr 28 15:26:57 2012, in response to Re: It's official: economy is tanking, posted by Easy on Sat Apr 28 15:13:24 2012.

With the backing of cronies, yes. After all, the bills that slowly undid NewDeal reforms came from republican authors.

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Re: It's official: economy is tanking

Posted by JayMan on Sat Apr 28 16:50:30 2012, in response to Re: It's official: economy is tanking, posted by Easy on Sat Apr 28 13:38:52 2012.

Oh I don't doubt that there will be some improvement. Things might even get to pre-recession levels, back to where they were in say 2006. But even that might not happen as things may be derailed by the turmoil in Europe.

This is the reason there will be no real recovery. Bush brought down the economy both by encouraging more Mexican immigration and by allowing the sub-prime mortgage debacle, which gave credit to unworthy people (part of his "ownership society" rubbish). His foolish tax cuts and wars also served to eat out whatever was left of the Clinton-era federal budget surplus.

But the economy was already screwed before Bush's policies pushed things over the edge. Between losses to automation and outsourcing and the growing low-IQ underclass, there simply isn't enough to sustain a healthy economy.

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Re: It's official: economy is tanking

Posted by Spider-Pig on Sat Apr 28 17:07:56 2012, in response to Re: It's official: economy is tanking, posted by JayMan on Sat Apr 28 16:50:30 2012.

I disagree about automation and outsourcing. It's called the luddite fallacy.

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 17:08:22 2012, in response to Re: It's official: economy is tanking, posted by cortelyounext on Sat Apr 28 10:06:39 2012.

Well I don't know about lasting peace but I'd try a piece.

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 17:13:13 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sat Apr 28 14:11:57 2012.

Apparently, you know more about bacon, double cheeseburgers than you do about economics.

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 17:17:52 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sat Apr 28 15:10:49 2012.

Yes and as we all know, unemployment was over 8% for 37 consecutive months under Clinton as well. Just more proof that you understand so little about economics and more about doughnuts.

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Re: It's official: economy is tanking

Posted by JayMan on Sat Apr 28 17:47:58 2012, in response to Re: It's official: economy is tanking, posted by Spider-Pig on Sat Apr 28 17:07:56 2012.

I'm all for technological progress. But I realize that the opportunities brought about by technological advance can't always be utilized by those that have been displaced by the advance; increasingly it cannot be (because of the rising IQ requirements of the new opportunities). This creates an increasing problem that it may take a long time to solve.

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Re: It's official: economy is tanking

Posted by SelkirkTMO on Sat Apr 28 18:12:13 2012, in response to Re: It's official: economy is tanking, posted by Fred G on Sat Apr 28 07:52:49 2012.

Which is the reason why they need to ramp it up more. The "confidence fairy" insists on it. :-\

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Re: It's official: economy is tanking

Posted by bingbong on Sat Apr 28 18:25:21 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sat Apr 28 15:26:57 2012.

One more thing:

http://politicalwire.com/archives/2012/04/28/republicans_are_the_problem.html

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 18:27:38 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sat Apr 28 18:25:21 2012.

Oh yeah! Good non-partison, objective reporting.

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Re: It's official: economy is tanking

Posted by clearaspect on Sat Apr 28 18:35:28 2012, in response to Re: It's official: economy is tanking, posted by Train Dude on Sat Apr 28 09:56:01 2012.

China slowed, brazil slowed, the US slowed a bit as well but its growing. Companies are reporting stronger profits. In the realm of a global economy we are still doing well.

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 18:57:57 2012, in response to Re: It's official: economy is tanking, posted by clearaspect on Sat Apr 28 18:35:28 2012.

Glass 1/2 full = glass half empty. Choose how you want to view it.

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Re: It's official: economy is tanking

Posted by clearaspect on Sat Apr 28 21:00:00 2012, in response to Re: It's official: economy is tanking, posted by Train Dude on Sat Apr 28 18:57:57 2012.

Growing is growing... nough said

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Re: It's official: economy is tanking

Posted by Train Dude on Sat Apr 28 21:47:11 2012, in response to Re: It's official: economy is tanking, posted by clearaspect on Sat Apr 28 21:00:00 2012.

Weeds grow too and usually faster than the good grass.

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Re: It's official: economy is tanking

Posted by GP38/R42 Chris on Sun Apr 29 07:46:51 2012, in response to Re: It's official: economy is tanking, posted by Easy on Sat Apr 28 15:13:24 2012.

LOL. This is exactly why I appear more partisan than I really am here because of the absurdity like that put forth by people on the left.

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Re: It's official: economy is tanking

Posted by GP38/R42 Chris on Sun Apr 29 07:47:41 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sat Apr 28 18:25:21 2012.

LOL!!! I know you need to get all your information from blogs and partisan sources so they can tell you how to think!

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Re: It's official: economy is tanking

Posted by bingbong on Sun Apr 29 12:00:22 2012, in response to Re: It's official: economy is tanking, posted by GP38/R42 Chris on Sun Apr 29 07:47:41 2012.

It contains links to the facts. Blog link provided for convenience. It's also malware free. Most RW blogs contain malware.

I have no problem whatsoever making up my own mind. You see, liberals think things out when they see something wrong, and work to fix it. Conservatives ignore them, deny there's a problem and then cut taxes for the rich. SoI can see why you don't read anything to in order to make up your mind. That's already been done for you.

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Re: It's official: economy is tanking

Posted by Olog-hai on Sun Apr 29 13:53:30 2012, in response to It's official: economy is tanking, posted by Chris R16/R2730 on Fri Apr 27 13:05:57 2012.

Is there help for NPR addicts?

Only time I would listen to NPR would be for their classical music programs.

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Re: It's official: economy is tanking

Posted by gp38/r42 chris on Sun Apr 29 16:34:57 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sun Apr 29 12:00:22 2012.

You mean "facts" ...not facts.

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Re: It's official: economy is tanking

Posted by bingbong on Sun Apr 29 16:36:36 2012, in response to Re: It's official: economy is tanking, posted by gp38/r42 chris on Sun Apr 29 16:34:57 2012.

No, I mean facts, not "facts".

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Re: It's official: economy is tanking

Posted by 3-9 on Mon Apr 30 18:37:48 2012, in response to Re: It's official: economy is tanking, posted by bingbong on Sat Apr 28 14:11:57 2012.

The idle rich ARE job creators. Just look at where this guy his building his pet project:

http://news.yahoo.com/australian-billionaire-titanic-ii-sail-2016-063036864--finance.html

Right in his home country. Oh, wait...

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Re: It's official: economy is tanking

Posted by Rockparkman on Mon Apr 30 18:42:10 2012, in response to Re: It's official: economy is tanking, posted by 3-9 on Mon Apr 30 18:37:48 2012.

Patriotism and sacrifice are working class things The idle rich that the Nazis pander to only understand bureaucratic force.


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