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Author Topic: GDP ANNOUNCED AT 0.1 percent  (Read 1123 times)
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« Reply #25 on: January 31, 2013, 10:56:21 AM »

Yup its actually funny how destructive the GOP is to the US


Lmfao.    Always blame blame blame anyone but the communist failed messiah.
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« Reply #26 on: January 31, 2013, 11:02:43 AM »

3) some of obama's policies have been a drag on the economy, but others are very good for the economy. for example, obamacare = drag on economy.  increasing availability of student loans = very good for the economy.

The average student loan amount over just the past 3-4 years has ballooned to almost $29,000 where even just 5 years ago it was only about $17,000 per student.

How did making more home loans available to people work out?
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whork
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« Reply #27 on: January 31, 2013, 11:25:30 AM »


Lmfao.    Always blame blame blame anyone but the communist failed messiah.

They are both share some blame obviously.
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GigantorX
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« Reply #28 on: January 31, 2013, 11:36:35 AM »

The average student loan amount over just the past 3-4 years has ballooned to almost $29,000 where even just 5 years ago it was only about $17,000 per student.

How did making more home loans available to people work out?

Saddling students with a crushing debt load for the rest of the their lives is certainly good for the economy.
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« Reply #29 on: January 31, 2013, 01:25:14 PM »

Obviously student loans can backfire if one doesn't study an economically lucrative field....

On the issue of college debt...  ur right... it would be much better for the economy if college was free for everyone who passed the entrance exams and kept up good grades
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« Reply #30 on: January 31, 2013, 01:41:24 PM »

Obviously student loans can backfire if one doesn't study an economically lucrative field....

On the issue of college debt...  ur right... it would be much better for the economy if college was free for everyone who passed the entrance exams and kept up good grades

Nothing is free, remember that.

I would like to see things revert back to how they were 20-30 years ago when you could go to a decent state school and pay tuition by yourself. Education used to be affordable....and then things changed.
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« Reply #31 on: January 31, 2013, 01:46:02 PM »

Valentines Day, Lent and Easter are just right around the corner.
great days for sales.
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tbombz
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« Reply #32 on: January 31, 2013, 02:16:14 PM »

Nothing is free, remember that.

I would like to see things revert back to how they were 20-30 years ago when you could go to a decent state school and pay tuition by yourself. Education used to be affordable....and then things changed.
of course not. and I don't support government. so when I talk about these things, im talking talking about using tax payers money.

but since we are already taxing people, already spending their money.  we could use that tax money in much more efficient ways.  for example, cutting medicare and military spending in half, and funneling all that money into building an educational infrastructure that results in more skilled workers in quantitative fields. more vocational training that trains workers in jobs that already exist. etc.

increasing education is the number one way to improve the economy.


as for going back to how it was 30 years ago when any bachelors degree basically guaranteed you a lifetime of living well and the cost of the degree was reasonable.. ..  yeah, that could be nice
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« Reply #33 on: January 31, 2013, 03:09:44 PM »

Obviously student loans can backfire if one doesn't study an economically lucrative field....

On the issue of college debt...  ur right... it would be much better for the economy if college was free for everyone who passed the entrance exams and kept up good grades

There are no free colleges anywhere in the world, they all get paid for through taxation, you need to remove the word "free" from your vocabulary when discussing topics like this.

Secondly, it doesn't matter what field people study for if there are no jobs available.  UE rate for individuals in the 18-25 range is well over 50%.  Government subsidization drives costs up, as we saw with the housing bubble, homes became way over valued due to the massive amount of credit being handed out, same goes for college.
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« Reply #34 on: January 31, 2013, 03:23:32 PM »

Yup its actually funny how destructive the GOP is to the US






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GigantorX
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« Reply #35 on: January 31, 2013, 03:36:22 PM »

There are no free colleges anywhere in the world, they all get paid for through taxation, you need to remove the word "free" from your vocabulary when discussing topics like this.

Secondly, it doesn't matter what field people study for if there are no jobs available.  UE rate for individuals in the 18-25 range is well over 50%.  Government subsidization drives costs up, as we saw with the housing bubble, homes became way over valued due to the massive amount of credit being handed out, same goes for college.

Good post.


Nothing is free and neither are our markets.
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Mr.1derful
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« Reply #36 on: January 31, 2013, 05:42:37 PM »

1) republicans after obama got elected in 2008 = "OUR NUMBER ONE PRIORITY IS MAKING OBAMA A ONE TERM PRESIDENT"

2) defecit is caused by spending that was already in place when obama came into office.  no matter who was president, the debt would have been sky rocketing unless major cuts or tax increases were enacted.

3) some of obama's policies have been a drag on the economy, but others are very good for the economy. for example, obamacare = drag on economy.  increasing availability of student loans = very good for the economy.

Please elaborate on your assertion that the economy has been positively impacted by the increased availability of student loans.  Go into as much detail as you would like.
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tbombz
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« Reply #37 on: January 31, 2013, 07:26:22 PM »

There are no free colleges anywhere in the world, they all get paid for through taxation, you need to remove the word "free" from your vocabulary when discussing topics like this.

Secondly, it doesn't matter what field people study for if there are no jobs available.  UE rate for individuals in the 18-25 range is well over 50%.  Government subsidization drives costs up, as we saw with the housing bubble, homes became way over valued due to the massive amount of credit being handed out, same goes for college.
college is free for millions of people. its called scholarships. sometimes people go to school on the back of tax payers (a lot of times), and other times people go to school on the backs of their parents, or charitable organizations, or friends, or by business who wish to employ them.

educating people in the right subjects helps to create jobs. innovation - the main source of job creation - is driven by an educated workforce.


as for government subsidies driving costs up - yes, absolutely.
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tbombz
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« Reply #38 on: January 31, 2013, 07:27:29 PM »

Please elaborate on your assertion that the economy has been positively impacted by the increased availability of student loans.  Go into as much detail as you would like.
obviously that would be more of a long term asset, producing benefits years from now (and not instantly).
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Soul Crusher
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« Reply #39 on: February 01, 2013, 04:28:15 AM »

http://www.zerohedge.com/contributed/2013-01-31/dont-be-fooled-real-4q12-gdp-was-even-worse-014


Hope and change.
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Mr.1derful
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« Reply #40 on: February 02, 2013, 05:10:33 AM »

Wait until the bond bubble bursts.
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« Reply #41 on: February 02, 2013, 07:01:39 AM »

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Obama blames economic contraction on ‘bad decisions’
The Hill ^ | 2/02/13 | Keith Laing
Posted on February 2, 2013 8:58:28 AM EST by Libloather

President Obama blamed the recent contraction of the U.S. economy on “bad decisions in Washington” in his weekly address.

The national economy shrank by 0.1 percent in the fourth quarter of 2012, according to figures released this week by the Commerce Department. The contraction was an unexpected reversal of months of modest economic growth since the end of the recession in mid-2009.

Obama said in his address that the dip was the fault of “bad decisions” being made in Washington.

“We began this year with economists and business leaders saying that we are poised to grow in 2013,” he said. “But this week, we also received the first estimate of America’s economic growth over the last few months. And it reminded us that bad decisions in Washington can get in the way of our economic progress.”

Obama said there were “real signs of progress” in the 2013 economic outlook, citing increases in home prices and car sales.

But he said the unexpected economic contraction showed the wisdom of his “balanced” approached to budget negotiations with Congress.

“We all agree that it’s critical to cut unnecessary spending,” Obama said. “But we can’t just cut our way to prosperity. It hasn’t worked in the past, and it won’t work today. It could slow down our recovery. It could weaken our economy. And it could cost us jobs – now, and in the future."

Obama said if Congress follows his lead on the economic decisions, “2013 can be a year of solid growth, more jobs, and higher wages.

“But that will only happen if we put a stop to self-inflicted wounds in Washington,” he warned.

“Everyone in Washington needs to focus not on politics but on what’s right for the country; on what’s right for you and your families,” Obama continued. “That’s how we’ll get our economy growing faster. That’s how we’ll strengthen our middle class. And that’s how we’ll build a country that rewards the effort and determination of every single American.”







LMFAO!!!!!!
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