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lsuroadie
LSU Fan
South LA
Member since Oct 2007
6634 posts

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



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hawkster
Member since Aug 2010
5100 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
Bush's fault.


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
25202 posts

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

It was due to spending cuts in


What spending cuts?


wickowick
LSU Fan
Head of Island
Member since Dec 2006
27845 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
In before someone from the left comes in an blames it on the Rs for the handling of the fiscal cliff...


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augrad00
Auburn Fan
Member since Nov 2010
1354 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
2011, your graph doesn't show it. Read the article posted by the OP, large defense cuts in 40 years. The sequestration that's coming up will cut another $1.2trillion. The economy only grows when someone is spending, either the consumer or the government or both.


Taxing Authority
LSU Fan
Houston
Member since Feb 2010
25202 posts

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

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.


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tigeraddict
LSU Fan
Baton Rouge
Member since Mar 2007
5070 posts

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

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.



yes, that is a good sign. But the economy has been artificially inflated with the dumping of government cash into the system. but these spending levels are unsustainable. and, i will agree, once you pull the plug on that spending, our now addicted economy with go through withdraws and we will se a retraction in the economy.

Just like the family that rings up massive credit card bills, eventually they cant borrow anymore and their spending is greatly reduced.....

I think its come to the fact that the only way out is to inflate our way out.....


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Taxing Authority
LSU Fan
Houston
Member since Feb 2010
25202 posts

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

The sequestration that's coming up will cut another $1.2trillion.


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Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7951 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
There might be cuts coming (I'll believe it when I see it) but there have been no cuts yet and there sure as hell weren't any cuts that would affect Q4 2012.


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Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7951 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
False, I want nothing more than for the U.S. to have a strong economy regardless of who the president is. Nothing would make me happier than to see our country prospering again.


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

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

I'm so tired of reliving the 70s...



You're only off by four decades.


TigerFanatic99
LSU Fan
Granger, IN
Member since Jan 2007
4673 posts

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

quote:

The contraction was due to cuts in federal spending, primarily on defense. Defense spending contracted at a 22% annual rate.


Isn't this what you mother frickers wanted? fricking democrats think they are just the smartest sons of bitches in the world.


Radiojones
USA Fan
The Twilight Zone
Member since Feb 2007
7951 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
I think you know what I meant by that statement. I'm tired of a terribly sluggish economy, high unemployment and an overall malaise over this country. How long are we going to accept a poor economy?


GumboPot
LSU Fan
Saints Fan
Member since Mar 2009
30872 posts

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


ForeLSU
LSU Fan
The Corner of Sanity and Madness
Member since Sep 2003
35864 posts
Online

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

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


powerman should be along shortly to call everyone fricking idiots


hawkster
Member since Aug 2010
5100 posts

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

The contraction was due to cuts in federal spending, primarily on defense. Defense spending contracted at a 22% annual rate.


Isn't this what you mother frickers wanted? fricking democrats think they are just the smartest sons of bitches in the world.


Liberals don't want actual spending cuts, they just want it taken from defense and spent on socialist programs instead.


jcole4lsu
Virginia Fan
The Kwisatz Haderach
Member since Nov 2007
27849 posts

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


powerman should be along shortly to call everyone fricking idiots


i was soooooooooooo about to post this


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Jbird
Iowa Fan
In Odramaville with EthanL
Member since Oct 2012
20466 posts
Online

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

Liberals don't want actual spending cuts, they just want it taken from defense and spent on socialist programs instead.


This is a fact.


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redandright
Member since Jun 2011
4877 posts

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

But the housing market in the Washington, D.C. area is growing. All is well.


I know I know! That's what happens when you have a big jump in Fed hirings!!! Who would have thunk it?


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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: BREAKING NEWS: U.S. economy shrank in 2012 4th qtr
I am beginning to believe that we never will rise off the boxing ring floor. The President and others in positions of power seem to be hunky dory with idea of a stagnant economy which is producing a new class of dependents of govt largesse. Take a look at the numbers of potential jobs a la the Keystone pipeline that have been decapitated by the actions of the EPA. Thousands of jobs are being eliminated by new regulations on coal emmissions. Take a the facts in the thread about doing taxes from last night. The "poor" of America are making out like bandits to say the least.


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