menu
Posted by
Message
Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20376 posts

BREAKING NEWS: U.S. economy shrank in 2012 4th qtr

MSNBC headline banner U.S. economy shrank in 2012 4th quarter for first time since recession ended, hmmm I thought some Progressive on here a few days ago was crowing about the economy coming back to life?

LINK
This post was edited on 1/30 at 7:55 am



McLemore
Member since Dec 2003
13823 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

since things were manipulated to make it seem as though the recession had ended


that's the real issue


50Mullets
LSU Fan
A more civilized age
Member since Oct 2012
1433 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

I thought some Progressive on here a few days ago was crowing about the economy coming back to life?


That could be said at any time. We've been hearing about how the economy is about to turn the corner for 3 years. Seems it might have finally done so.


Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17580 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
But the housing market in the Washington, D.C. area is growing. All is well.


Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7948 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

U.S. economy shrank in 2012 4th qtr


This is really really bad news. I'm so tired of reliving the 70s...


bigpapamac
South Alabama Fan
Mobile, AL
Member since Oct 2007
18715 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

U.S. economy shrank in 2012 4th qtr


Well after manipulating and fluffing up the numbers all last year leading up to the election, we all knew when the truth came out this would be the headling. Not surprising at all.


Replies (0)
Replies (0)
UGATiger26
Georgia Fan
Athens, GA
Member since Dec 2009
2886 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
Get out of town!

You mean all those big numbers like "400,000 jobs added" don't mean jack when it's barely enough jobs added to keep up with population growth?
This post was edited on 1/30 at 8:03 am


ShoeBang
New Orleans Pelicans Fan
Member since May 2012
5033 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr


What else is new? We haven't been "out of the recession" since before Bush left office.


UGATiger26
Georgia Fan
Athens, GA
Member since Dec 2009
2886 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
the best part of that article is the first sentence...

"The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter"

Maybe stunning to you MSNBC.


Replies (0)
Replies (0)
Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7948 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
We obviously need more QE and government spending


lsuroadie
LSU Fan
South LA
Member since Oct 2007
6610 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
Once again, when the truth truck is barreling head on at you down the middle of the road...






where are the libs to be found???


Oh, that's right, they're over there in the 2A threads.


Forward!!!


Replies (0)
Replies (0)
Taxing Authority
LSU Fan
Houston
Member since Feb 2010
25155 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

We've been hearing about how the economy is about to turn the corner for 3 years.
Green Shoots! The Summer of Recovery!


Replies (0)
Replies (0)
augrad00
Auburn Fan
Member since Nov 2010
1354 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
It was due to spending cuts in which Progressive warned that conservatives spending cuts missions would led to a slowing of the economy...I guess they were right. Even Mitt Romney admitted and he took some heat from people like Limbaugh.

During an interview with Time Magazine’s Mark Halperin, 2012 presumptive Republican presidential nominee Mitt Romney admitted that drastic spending cuts will hurt the economy, creating a “recession or depression“:

HALPERIN: You have a plan, as you said, over a number of years, to reduce spending dramatically. Why not in the first year, if you’re elected — why not in 2013, go all the way and propose the kind of budget with spending restraints, that you’d like to see after four years in office? Why not do it more quickly?

ROMNEY: Well because, if you take a trillion dollars for instance, out of the first year of the federal budget, that would shrink GDP over 5%. That is by definition throwing us into recession or depression. So I’m not going to do that, of course. What you do is you make adjustments on a basis that show, in the first year, actions that over time get you to a balanced budget.

People have been saying that the spending cuts would lead to slowing the economy since August 2012.


cssamerican
New Orleans Saints Fan
Member since Mar 2011
2643 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
Hey, all this bashing isn't fair. I mean our current President inherited a weak economy from Obama.


Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20376 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

drastic spending cuts will hurt the economy


What you believe we had drastic spending cuts?
This post was edited on 1/30 at 8:20 am


lsuroadie
LSU Fan
South LA
Member since Oct 2007
6610 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

Hey, all this bashing isn't fair. I mean our current President inherited a weak economy from Obama




Image: https://encrypted-tbn0.gstatic.com/images?q=tbn:ANd9GcTnNZkYd9ZBGs3qxobNvkdrN5ZLLZF2YO7MeTga_PBNcfXVfCSb


Replies (0)
Replies (0)
Lsut81
USA Fan
Member since Jun 2005
66235 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

It was due to spending cuts in which Progressive warned that conservatives spending cuts missions would led to a slowing of the economy..


Please point out these DRASTIC spending cuts...


TIA


Replies (0)
Replies (0)
Paluka
LSU Fan
One State Over
Member since Dec 2010
6303 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
quote:

We've been hearing about how the economy is about to turn the corner for 3 years.


It turned the corner then two more corners!


Replies (0)
Replies (0)
Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7948 posts
Online

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr


Can you please show us where these spending cuts took place?


augrad00
Auburn Fan
Member since Nov 2010
1354 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
Still, the weakness may be because of one-time factors. Government spending cuts and slower inventory growth subtracted a total of 2.6 percentage points from growth.

And those volatile categories offset faster growth in consumer spending, business investment and housing -- the economy's core drivers of growth.

Another positive aspect of the report: For all of 2012, the economy expanded 2.2 percent, better than 2011's growth of 1.8 percent.

The economy may stay weak at the start of the year because Americans are coming to grips with an increase in Social Security taxes that has left them with less take-home pay.



first pageprev pagePage 1 of 5next pagelast page

Back to top

logoFollow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram