GDP

[AD2100]

December 20, 2013

Gross domestic product grew at an annual rate of 4.1 percent in the third quarter, the fastest pace in almost two years, and exceeding the 3.6 percent pace reported earlier this month. Business spending was also stronger than previously estimated.


The deficit has been cut in half.


Unemployment is down to 7.0%


The stock market is at all-time highs.


Your mother

[Archer77]

You must be an andre gimmick.

[temple_of_dis]

December 20, 2013

Gross domestic product grew at an annual rate of 4.1 percent in the third quarter, the fastest pace in almost two years, and exceeding the 3.6 percent pace reported earlier this month. Business spending was also stronger than previously estimated.


The deficit has been cut in half.


Unemployment is down to 7.0%


The stock market is at all-time highs.


Your mother

unemployment is 26%
inflation 24.6%
and GDP shrunk

quit getting your "facts" from the jon stewart show

oh and stock market are assets, which when in massive inflation float up

look at price of gold 


youtube peter schiff he can explain it all to you

[temple_of_dis]

All wrong.

You listen to Schiff, that is your problem.
I hope you were not one of his clients. If so, you're probably living in a cardboard box under a bridge.

You need an education.

Also youtube John Allison and Milton Friedman.

[GigantorX]

December 20, 2013

Gross domestic product grew at an annual rate of 4.1 percent in the third quarter, the fastest pace in almost two years, and exceeding the 3.6 percent pace reported earlier this month. Business spending was also stronger than previously estimated.


The deficit has been cut in half.


Unemployment is down to 7.0%


The stock market is at all-time highs.


Your mother

-U.E. rate is at 7% because people are giving up looking for work, falling off the U.E. insurance rolls and thus the Labor Participation Rate continues to decline further to historical lows.
-Wages have declined ~5% over the last half decade
-The 4.1% upward revision was due to a "revision" in Personal Consumption....which would be great if the annualized increased of 2% (15 billion) wasn't due to a combo of spending increases in health care and gasoline. 87% of the 15 billion revision was due to increases in gasoline and health care....that's not good.
-Stock markets increases are due to the Federal Reserve continued and now soon to be tapered (ever so slightly) Q.E. programs that pumped a fresh 85 billion into the markets every month. They are also keeping interest rates at historical lows.

Look behind the bullshit headlines, for 85% of the population the economy and employment is largely poor.

[Shockwave]

the deficit has been cut in half?
What kind of bullshit is this?

[temple_of_dis]

This should educate the Oprah listener.

Obama 11T so far!!

Bush 5T

wow

deficit and inflation outa control with Obama/Reid.  Just goto mcdonalds and see how much big mac meal is now

[dario73]

HEHEHEH!

The deficit cut in half?

First of all it is 37% drop in the ANNUAL deficit. We still added about $700 million to the NATIONAL DEBT.

Second, By the time the clowninchief leaves office, the NATIONAL DEBT will be around $20 trillion.

Your "messiah" has added about $7 trillion so far to the debt. MORE THAN ANY PRESIDENT EVER. Are you seriously suggesting that we should thank him for decreasing the annual deficit by 37% after he more than DOUBLED the national debt? Is the OP that stupid?

So much for his promise that he would cut the deficit in half by the end of his first term.

[Gonuclear]

unemployment is 26%
inflation 24.6%
and GDP shrunk

quit getting your "facts" from the jon stewart show

oh and stock market are assets, which when in massive inflation float up

look at price of gold 


youtube peter schiff he can explain it all to you

Your numbers are bullshit.  There is no "massive inflation", nor is unemployment anywhere near what you say.

And the price of gold is now the lowest it's been since Summer, 2010.

[Necrosis]

Your numbers are bullshit.  There is no "massive inflation", nor is unemployment anywhere near what you say.

And the price of gold is now the lowest it's been since Summer, 2010.

look at his post, scroll down through the thread and tell me it doesn't catch you eye, like "oh, here is the retard".

[whork]

No matter how you cut it the economy is doing wayyy better than when the GOP had the presidency.

GOP is poison for the middle-class and therefore the economy.

[dario73]

http://cfif.org/v/index.php/commentary/43-taxes-and-economy/1991-obama-tripled-the-deficit-now-brags-he-cut-it-in-half

So what did Obama do with that “unpatriotic” level of deficit spending?

He tripled it.  From a deficit of $498 billion in 2008, it shot up to $1.539 trillion in 2009.

Before Obama, America had never witnessed a deficit of $1 trillion or more.  Since Obama, America suffered four consecutive years in excess of that amount.  His 2010 deficit reached $1.387 trillion, his 2011 number hit $1.350 trillion and the 2012 shortfall was $1.120 trillion.  The just-completed fiscal 2013 deficit came in at $759 billion.

Thus, the “halved” 2013 deficit over which Obama brags is larger than the largest deficit of any president who preceded him.  Even at the height of World War II in 1943, the deficit only reached $737 billion in current dollars.

[dario73]

Overall, according to the U.S. Treasury Department’s annual fiscal summary released this month, total federal debt held by the public has increased 90% during the Obama presidency. According to the report, total public debt as of January 20, 2009 amounted to $6.307 trillion, but as of September 30, 2013, the end of the 2013 fiscal year, it amounted to $11.976 trillion.  That’s a lot worse than the accumulation of debt that Obama labeled “unpatriotic” under Bush.

So what do we have to show for it?  The single worst economic recovery in recorded U.S. history.  The last recession officially ended all the way back in June 2009, but past that point we witnessed a record number of months over 8% unemployment, a decline in median income even after the “recovery” began, astonishingly low gross domestic product (GDP) growth, a doubling of the number of food stamp recipients and dangerous declines in adult workforce participation.

[whork]

Yes those huge expensive policies that Obama inacted in between 2008-2009

Can you name them or are you just a talking parrot?

[blacken700]

Yes those huge expensive policies that Obama inacted in between 2008-2009

Can you name them or are you just a talking parrot?talking snake

[dario73]

The national debt is set to double by the time President Barack Obama leaves office, if it continues to increase at the current rate.

In January 2009, when Obama began his first term, the federal debt was $10.6 trillion. As of this week it has increased 57 percent to $16.7 trillion, The Washington Times reported.




Read Latest Breaking News from Newsmax.com http://www.newsmax.com/Newsfront/national-debt-obama/2013/10/10/id/530429#ixzz2oJdThdBP
Urgent: Should Obamacare Be Repealed? Vote Here Now!

[dario73]

According to FactCheck.org, the amount that the federal government owes the public is set to double as well. The government currently owes the Treasury $11.94 trillion, which is an 89.3 percent increase from the day Obama took office.



Read Latest Breaking News from Newsmax.com http://www.newsmax.com/Newsfront/national-debt-obama/2013/10/10/id/530429#ixzz2oJhx8tp3
Urgent: Should Obamacare Be Repealed? Vote Here Now!

[Gonuclear]

http://cfif.org/v/index.php/commentary/43-taxes-and-economy/1991-obama-tripled-the-deficit-now-brags-he-cut-it-in-half

So what did Obama do with that “unpatriotic” level of deficit spending?

He tripled it.  From a deficit of $498 billion in 2008, it shot up to $1.539 trillion in 2009.

Before Obama, America had never witnessed a deficit of $1 trillion or more.  Since Obama, America suffered four consecutive years in excess of that amount.  His 2010 deficit reached $1.387 trillion, his 2011 number hit $1.350 trillion and the 2012 shortfall was $1.120 trillion.  The just-completed fiscal 2013 deficit came in at $759 billion.

Thus, the “halved” 2013 deficit over which Obama brags is larger than the largest deficit of any president who preceded him.  Even at the height of World War II in 1943, the deficit only reached $737 billion in current dollars.

Don't you get it?

That huge increase in the deficit is due to two unfunded "Wars Against Terrorism" started by Bush.

Both of which Obama has been scrambling to wind down.

[temple_of_dis]

lol


Obama can't blame Bush for Obama spending 20T and running up 11T in debt.

lol


nope

you the the money mr O

and you didnt need to

you did it to make your homies rich

[GigantorX]

-U.E. rate is at 7% because people are giving up looking for work, falling off the U.E. insurance rolls and thus the Labor Participation Rate continues to decline further to historical lows.
-Wages have declined ~5% over the last half decade
-The 4.1% upward revision was due to a "revision" in Personal Consumption....which would be great if the annualized increased of 2% (15 billion) wasn't due to a combo of spending increases in health care and gasoline. 87% of the 15 billion revision was due to increases in gasoline and health care....that's not good.
-Stock markets increases are due to the Federal Reserve continued and now soon to be tapered (ever so slightly) Q.E. programs that pumped a fresh 85 billion into the markets every month. They are also keeping interest rates at historical lows.

Look behind the bullshit headlines, for 85% of the population the economy and employment is largely poor.

[whork]

Yes those huge expensive policies that Obama inacted in between 2008-2009

Can you name them or are you just a talking parrot?

Bump for an answer Dario.

[temple_of_dis]

solyandra by itself was 500mil.

money dumped into crony pockets

all jobs gone

0 products sold

now get this

there were 100s if not 1000s of solyanrdas

then things like fedex being force unionized

fedex was kicking ups ass union free

[Shockwave]

Don't you get it?

That huge increase in the deficit is due to two unfunded "Wars Against Terrorism" started by Bush.

Both of which Obama has been scrambling to wind down.

I actually saw a breakdown saying that defense spending and the wars didnt cost nearly as much as everyone tried to say, that they were like >10% GDP

[temple_of_dis]

I actually saw a breakdown saying that defense spending and the wars didnt cost nearly as much as everyone tried to say, that they were like >10% GDP

Whats amazing is you can go on demcrat wikipedia and see defense bugdet is 19% of gdp.

Most government school students think defense is like 70% of gdp and all cuts can come outa defense.

Meanwhile defense invents everything including the internet and gui computer interface.....

[Shockwave]

Whats amazing is you can go on demcrat wikipedia and see defense bugdet is 19% of gdp.

Most government school students think defense is like 70% of gdp and all cuts can come outa defense.

Meanwhile defense invents everything including the internet and gui computer interface.....

maybe thats the number I was thinking of....
syntax made a good quote about how we dont spend as much on our military as everyone likes to bitch about.