Where is the US economy headed?

@parados,

The country’s fiscal health got a gut-check Wednesday after a report by the Commerce Department showed the U.S.
economy unexpectedly shrank in the fourth quarter. Despite stronger consumer spending, it’s the biggest dip the country
has seen in three years. Obamanomics & Obamacare are clearly to blame for this contraction... consumer confidence drops again.

1 Reply

@H2O MAN,

Wow..
The federal government reduces spending and you complain it's Obama's fault? Don't you want the government to spend less?

1 Reply

@parados,

Wow, what an under informed idiot... Obama has not reduced spending,
he has increased spending while killing the economy at the same time.
Obamanomics and Obamacare are killing this country.

1 Reply

@H2O MAN,

From the news release that you brought up about the 4th quarter shrinking.

Quote:

The downturn in real GDP in the fourth quarter primarily reflected downturns in private
inventory investment, in federal government spending, in exports, and in state and local government
spending

Quote:

Real federal government consumption expenditures and gross investment decreased 15.0 percent
in the fourth quarter, in contrast to an increase of 9.5 percent in the third. National defense decreased
22.2 percent, in contrast to an increase of 12.9 percent.

So clearly, less government spending was part of the reason for the 4th quarters negative economic growth.

1 Reply

@parados,

Just a few causes of negative growth under Obama's rule:

a. Regulations are on the rise - these are killing business.
b. Less median income = less money to spend.
c. Obama's tax increases = less jobs created by the 'rich'.
d. Uneasiness about Obama's foreign policies and motives.
e. Obama's reelection causes job creators to sit tight or retract.
f. Higher FICA rates = less individual take home pay.
g. Obamacare is raising the cost of healthcare with fees and taxes.
h. Uncertainty about what Obama is going to do next.
i. Obama's policies are keeping unemployment numbers very high.

1 Reply

@H2O MAN,

That's funny.
I quote from the document that is the official news release from the BEA about the economic numbers.

You make **** up.

http://www.bea.gov/newsreleases/national/gdp/gdpnewsrelease.htm

Quote:

The decrease in real GDP in the fourth quarter primarily reflected negative contributions from
private inventory investment, federal government spending, and exports that were partly offset by
positive contributions from personal consumption expenditures (PCE), nonresidential fixed investment,
and residential fixed investment.

So lets address your made up crap.
In the latest economic report
a. businesses increased spending so business are not dying.
b. consumers increased spending and had increased income.
c. There was no effect from tax increases in 4th quarter of 2012
d. Exports increased, imports decreased
e. Increased income of 8% probably reflects added jobs rather than pay increases
f. Didn't affect the 4th quarter
g. And yet consumer spending increased
h. and yet businesses and consumers increased spending and incomes increased by 8%
i. And yet incomes increased 8% because of increased jobs.

2 Replies

@parados,

I made up nothing, however, the liberal propaganda that you are consuming is less than factual.

1 Reply

@H2O MAN,

H2O MAN wrote:

I made up nothing, however, the liberal propaganda that you are consuming is less than factual.

You mean the report by the Commerce Dept that you brought up isn't factual?

H2O MAN wrote:

The country’s fiscal health got a gut-check Wednesday after a report by the Commerce Department showed the U.S.
economy unexpectedly shrank in the fourth quarter.

So the information you posted isn't factual.
Hmmm... I wonder why you post things that aren't factual.

0 Replies

@parados,

Para, you do nothing but repeat lies. Nothing that you post is factual.

1 Reply

@H2O MAN,

So are you saying what you posted wasn't factual?
I quoted the BEA news release that you presented claiming that the economy shrank in the 4th quarter. (The BEA analysis does state the economy shrank, in large part because of reductions in government spending.)
Are you arguing your statement was not factual?

2 Replies

@parados,

Thank you for confirming that you are nothing more than a bullshit artist, parasite.

0 Replies

@parados,

Our economy shrank in the 4th quarter for several reasons. 1. The GOP held our government hostage on the budget, and consumers cut back on spending because they didn't know whether their taxes would increase on January 1. 2. The government cut back on defense spending which resulting in job and income losses. 3. With the increase in payroll taxes on January 1st, the first quarter will also see a shrinking of our economy.

Over 35% of companies have said they are going to be adding workers, and home sales are showing an increase which bodes well for our economy, but government can't keep cutting back.

When the government cut back on defense spending, they needed to increase spending on infrastructure and education - which they failed to do. Austerity programs do not work. The GOP only talks about our increasing debt, but never offers any solutions for our economy.

There's no cu......

2 Replies

@cicerone imposter,

The BEA lists the specific reasons. No need to make up reasons.

1 Reply

@cicerone imposter,

Our economy shrank in the 4th quarter for several reasons.

a. Regulations are on the rise - these are killing business.
b. Less median income = less money to spend.
c. Obama's tax increases = less jobs created by the 'rich'.
d. Uneasiness about Obama's foreign policies and motives.
e. Obama's reelection causes job creators to sit tight or retract.
f. Higher FICA rates = less individual take home pay.
g. Obamacare is raising the cost of healthcare with fees and taxes.
h. Uncertainty about what Obama is going to do next.
i. Obama's policies are keeping unemployment numbers very high

0 Replies

@parados,

Your summary didn't mention what I did. I'm not allowed? Says who? Evil or Very Mad

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Markets edgy as US payrolls figures loom, investors mull unexpected economic contraction

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Wall Street retreats on U.S. economic contraction in Q4

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Anti-gun and immigration agenda finds itself competing with economic contraction

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. . . The fact that Obama and his regime continuously lie
about this nations economic health is more than troubling.

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This country is slipping backward into another Obama recession while our
enemies are probing our weaknesses across the board. Obama's plan to
spread the misery around is working pretty much the way he wants it to.

It's going to get nasty in this country and it's going to happen sooner than later.

1 Reply

Where is the US economy headed?

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