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Message
re: First Quarter GDP Down 2.9%, Not 1%
Posted on 6/25/14 at 8:33 am to Lsut81
Posted on 6/25/14 at 8:33 am to Lsut81
quote:
The U.S. economy turned in its worst quarter in five years during the first three months of 2014, shrinking more sharply than previously estimated.
The nation's gross domestic product in the first quarter fell at a 2.9% annual rate vs. the 1% contraction previously believed, the Commerce Department said Wednesday. Economists surveyed by Bloomberg expected a 1.8% drop in output from the fourth quarter.
LINK /
0
Posted on 6/25/14 at 8:35 am to Pilot Tiger
quote:
the Republicans are standing at the plate....bases loaded.....behind a couple runs....and the ball is pitched....it's a mediocre fastball....it's headed straight for the heart of the plate...
For some reason, I just can't see them swinging
Probably the perfect analogy.
Posted on 6/25/14 at 8:37 am to CollegeFBRules
Holy hell, they were predicting -2% growth.
Posted on 6/25/14 at 8:39 am to MFn GIMP
Yep.
Posted on 6/25/14 at 8:39 am to CollegeFBRules
Somehow, they would swing, miss, hit themselves in the chest with the bat, and knock their own wind out.
Posted on 6/25/14 at 8:40 am to udtiger
quote:
Weather's a bitch
I always love reading this excuse. No other President has ever had to deal with cold weather.
I also don't remember these cnn type articles that say 2.9% contraction isn't a bad thing when Bush was in office. I remember articles about how horrible 1% growth was.
Posted on 6/25/14 at 8:41 am to MFn GIMP
quote:
I also don't remember these cnn type articles that say 2.9% contraction isn't a bad thing when Bush was in office. I remember articles about how horrible 1% growth was.
This
Posted on 6/25/14 at 8:45 am to MFn GIMP
quote:
I always love reading this excuse. No other President has ever had to deal with cold weather.
what cold weather, we are in a, non reversible global warming event, that will soon have us as hot as the sun... 
Posted on 6/25/14 at 8:45 am to Pilot Tiger
quote:
For some reason, I just can't see them swinging
Better yet, they try to steal home and the batter swings, subsequently hitting the runner with the bat and knocking him out...
Posted on 6/25/14 at 8:54 am to Lsut81
Can I get an analysis as to how Bush did this 6 years out of office?
Where is Rex?
Where is Rex?
Posted on 6/25/14 at 8:55 am to Lsut81
quote:but still talking about how great their swing was and how it would have worked if not for the ump...
Better yet, they try to steal home and the batter swings, subsequently hitting the runner with the bat and knocking him out...
Posted on 6/25/14 at 8:56 am to MFn GIMP
We are going on 7 years of unprecedented monetary and fiscal stimulus. The fed's balance sheet will top $5 trillion this year and GDP last quarter was -3%.
Just think how bad it would have been without teh Beard's guidance.
Just think how bad it would have been without teh Beard's guidance.
Posted on 6/25/14 at 8:57 am to Pilot Tiger
quote:
but still talking about how great their swing was and how it would have worked if not for the ump...
Oh most def...
But likely, the runner on second took 3rd during the play and on the next pitch, they attempt to steal home again and again the batter swings and misses
Posted on 6/25/14 at 9:24 am to UncleFestersLegs
quote:
Just think how bad it would have been without teh Beard's guidance.
Negative growth with the kind of stimulus the fed has enacted for the past six years is a sobering reality.
Posted on 6/25/14 at 9:27 am to CollegeFBRules
quote:
Negative growth with the kind of stimulus the fed has enacted for the past six years is a sobering reality.
yeah, that Keynesian economics are a failed theory.
Posted on 6/25/14 at 9:27 am to CptBengal
quote:
yeah, that Keynesian economics are a failed theory.
But don't worry, the stock market is at all time highs
Posted on 6/25/14 at 9:28 am to CptBengal
quote:
yeah, that Keynesian economics are a failed theory.
In the short term to blunt an economic "trauma", I think the Keynesian theory is palatable.
Over the long term, like six years, it is a failed theory.
Posted on 6/25/14 at 9:29 am to CollegeFBRules
quote:Green shoots!
First Quarter GDP Down 2.9%, Not 1%
Summer of Recovery™
This post was edited on 6/25/14 at 9:30 am
Posted on 6/25/14 at 9:29 am to CollegeFBRules
quote:
Worst since recession and this going into midterms isn't the way to hold a Senate majority
Be prepared for the "Obstructionist Republicans holding back the economy" attacks.
Posted on 6/25/14 at 9:32 am to CptBengal
quote:Nah. It works. Ira just that it just wasn't big enough. (Don't they say that every time it fails?
yeah, that Keynesian economics are a failed theory.
) Oh yeah, and it's republicans fault for keeping it small. (Check the voting!)
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