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Posted on 6/25/14 at 2:06 pm to udtiger
Nothing is your fault when you have support from a compliant MSM.
Posted on 6/25/14 at 2:10 pm to udtiger
Where's rex?
I need him to properly analyze this data stream.
I need him to properly analyze this data stream.
Posted on 6/25/14 at 2:10 pm to udtiger
quote:
The U.S. economy was battered even more than first suspected by the harsh winter, actually shrinking from January through March. The result marked the first retreat in three years, but economists are confident the downturn was temporary.
I thought it was ATMs? Oh wait, ATMs and a cold winter. So...would global warming then be GOOD for human welfare? Confusing, cold is bad, warm is bad. ATMs are bad and the president that has been out of office for 6 years is still running everything and the current president finds out about everything on the news.
You know, I bet the economy would've done better but the Labor Secretary's hard drive crashed.
This post was edited on 6/25/14 at 2:13 pm
Posted on 6/25/14 at 2:13 pm to geauxturbo
Question for you guys that know more about the interplay between government and economics than I....
With a negative GDP in view of an all-time high stock market, are we sitting on another bubble that is about to bust?
With a negative GDP in view of an all-time high stock market, are we sitting on another bubble that is about to bust?
Posted on 6/25/14 at 2:14 pm to udtiger
Just wait till Obama hears about this on the news tonight!
Posted on 6/25/14 at 2:15 pm to geauxturbo
I'd think a harsh winter to a Warmist is one that was hotter than usual with ice melting all over the earth? I'm told things are warming, not cooling. Seems like a frigid winter would be welcomed from them.
Posted on 6/25/14 at 2:20 pm to udtiger
This is funny stuff.
Here's the huffpost article from April 30th
Bloomberg article from today
Here's the huffpost article from April 30th
quote:
As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades. That surge is attributed to the implementation of President Barack Obama's signature healthcare law, the Affordable Care Act, also known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years.
Bloomberg article from today
quote:
Gross domestic product fell at a 2.9 percent annualized rate, more than forecast and the worst reading since the same three months in 2009, after a previously reported 1 percent drop, the Commerce Department said today in Washington. It marked the biggest downward revision from the agency’s second GDP estimate since records began in 1976. The revision reflected a slowdown in health care spending.
Posted on 6/25/14 at 2:23 pm to Enfuego
quote:
That surge is attributed to the implementation of President Barack Obama's signature healthcare law, the Affordable Care Act, also known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years.
What.
The.
frick.
Posted on 6/25/14 at 2:25 pm to Enfuego
Whatever happens....good or bad, the correct response is:
"thanks Obama!"
"thanks Obama!"
Posted on 6/25/14 at 2:29 pm to Enfuego
quote:
As the U.S. economy teetered on the brink of contraction in the first quarter, one thing stood out. Healthcare spending increased at its fastest pace in more than three decades. That surge is attributed to the implementation of President Barack Obama's signature healthcare law, the Affordable Care Act, also known as Obamacare. Because of Obamacare, the nation narrowly avoided its first decline in output in three years.
LOL
quote:
Gross domestic product fell at a 2.9 percent annualized rate, more than forecast and the worst reading since the same three months in 2009, after a previously reported 1 percent drop, the Commerce Department said today in Washington. It marked the biggest downward revision from the agency’s second GDP estimate since records began in 1976. The revision reflected a slowdown in health care spending.
Basically, this admin has been given free reign to make literally 100% mutually exclusive statements and no one calls them on it.
It's fricking pathetic.
Posted on 6/25/14 at 2:29 pm to DeltaDoc
quote:
Question for you guys that know more about the interplay between government and economics than I.... With a negative GDP in view of an all-time high stock market, are we sitting on another bubble that is about to bust?
Don't know that much, DD...but I know enough to tell you that minus QE...the Stock Market and the whole economy goes into the abyss.
Partisan politics has become moot; neither Party can stop QE - or it's ultimate effect - and neither can manipulate the numbers where they will lie - in predicting the effect - for much longer.
They had better cut this nation loose with Energy. Because the ME is fixing to go rogue, and the whole World will need a dependable energy source. Elsewise....
. Live and learn.
Posted on 6/25/14 at 2:30 pm to udtiger
quote:
That’s a great point, Sarah. It’s like that time Mary Todd Lincoln was treated to a really delightful little rendition of “Our American Cousin” but for some reason wouldn’t shut up about that man who made a mess of things in the balcony. What a drama queen.
Posted on 6/25/14 at 2:34 pm to ShortyRob
I'd love to see what the Huffpost has to say.
Posted on 6/25/14 at 2:55 pm to DeltaDoc
quote:
With a negative GDP in view of an all-time high stock market, are we sitting on another bubble that is about to bust?
I'm not an economist, but I'd guess yes.
Posted on 6/25/14 at 2:59 pm to udtiger
quote:yep, wait a minute - Dow closing up 55.00 - Nas up 30.00, S&P up 10.10. wtf - f-ckin POTUS.
-2.9% GDP...Not Obama's fault!!!!
Posted on 6/25/14 at 3:04 pm to skinny domino
quote:
Dow closing up 55.00 - Nas up 30.00, S&P up 10.10. wtf - f-ckin POTUS.
See bubble discussion above, and elsewhere.
and -2.9% is fabulous news for stocks, because it means QE and low interest rates are not going anywhere for a while...
...except for the inflation that's just around the corner LINK
Can you say fricking disaster in the offing?
Posted on 6/25/14 at 3:11 pm to skinny domino
quote:
yep, wait a minute - Dow closing up 55.00 - Nas up 30.00, S&P up 10.10. wtf - f-ckin POTUS.
is there a point here or am i missing some sarcasm?
Posted on 6/25/14 at 3:17 pm to udtiger
quote:
See bubble discussion above, and elsewhere.
and -2.9% is fabulous news for stocks, because it means QE and low interest rates are not going anywhere for a while...
...except for the inflation that's just around the corner LINK
Can you say fricking disaster in the offing?
Yep, and the shite will start to hit the fan about the time a Republican moves into the White House. Naturally, he'll be blamed for it from Day 1.
Posted on 6/25/14 at 3:20 pm to McLemore
quote:Wall Street don't give a shite about GDP - where else will people put their money? Stocks is the only answer.
is there a point here or am i missing some sarcasm?
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