US economy has shrunk by 2.9% last quarter

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  • chaze
    Confirmed User
    • Aug 2002
    • 9774
    #51
    Originally posted by Vendzilla
    http://online.wsj.com/articles/u-s-g...ter-1403699600

    Gross domestic product, the broadest measure of goods and services produced across the economy, contracted at a seasonally adjusted annual rate of 2.9% in the first three months of the year, according to the Commerce Department's third reading released Wednesday. That was the fastest rate of decline since the first quarter of 2009, when output fell 5.4%, and matches the average pace of declines during the recession.

    I keep hearing people saying that the economy is getting better, where do they get their information?
    It's based on less unemployment. but as an economy we are screwed and have been for decades right? I mean it's all fake money based on a fake pay structure.
    Like the desert needs the rain
    We do fully manged WordPress, VPS, and Servers. Adult Host Pro https://adulthostpro.com/ Since 2001

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      • Vendzilla
        Biker Gnome
        • Mar 2004
        • 23200
        #52
        Originally posted by _Richard_
        yea i was wondering as well.

        furthermore, there has been a boatload of money printing in that period, all sent offshore.. so the real inflation hasn't had much of a chance to cause much notice for US based dollar value
        the fed has been printing 85 billion a month and giving it to the banks, that can in no way be good
        Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
        think about that

          Comment

          • Vendzilla
            Biker Gnome
            • Mar 2004
            • 23200
            #53
            Originally posted by chaze
            It's based on less unemployment. but as an economy we are screwed and have been for decades right? I mean it's all fake money based on a fake pay structure.
            before 9/11, we were doing pretty good. We actually had a balanced budget.
            I would love to see a democrat president working with a republican controlled congress again!
            Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
            think about that

              Comment

              • Vendzilla
                Biker Gnome
                • Mar 2004
                • 23200
                #54
                Originally posted by Rochard
                Stop cutting and pasting what someone else wrote. Look at the spreadsheet. Look at the spreadsheet they posted.
                What spread sheet?

                from that link

                Our ruling

                Portman said "the average family (is) now bringing home $4,000 less than they did just five years ago." According to Census Bureau data, the decline is even greater, making Portman?s overall point even stronger than the data he offered. We rate his claim True.

                http://www.politifact.com/truth-o-me...rning-4000-le/
                Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants
                think about that

                  Comment

                  • RummyBoy
                    Confirmed User
                    • Dec 2009
                    • 2157
                    #55
                    Just imagine if its down 2.9% last month..... how about 6 months from now.

                    It looks like the stimulus propped things up for a very short period and withdrawal of stimulus is now tipping this thing over. Although, at down 2.9% my theory is that if a lot of that stimulus had not been tapered, it might have been down 1% plus anyway.

                      Comment

                      • Rochard
                        Jägermeister Test Pilot
                        • Dec 2001
                        • 75733
                        #56
                        Originally posted by Vendzilla
                        What spread sheet?

                        from that link

                        Our ruling

                        Portman said "the average family (is) now bringing home $4,000 less than they did just five years ago." According to Census Bureau data, the decline is even greater, making Portman?s overall point even stronger than the data he offered. We rate his claim True.

                        http://www.politifact.com/truth-o-me...rning-4000-le/
                        You keep posting what someone else has written and you accept it as fact no matter what. All you can do is cut and paste. You cannot think for yourself.

                        What this man said was in fact correct. But when you take a look at where the data really came from, you can plainly see this is a Republican cherry picking stats and using them to back up what he claims. This person looks at stats, pulls what backs up his claim, and ignores the other stats on the same spread sheet that says the direct opposite.

                        I posted the numbers from the source itself, and all you can do re-post from the same article. You cannot think for yourself.
                        Herschel Savage
                        Brooklyn, NY

                          Comment

                          • Rochard
                            Jägermeister Test Pilot
                            • Dec 2001
                            • 75733
                            #57
                            Originally posted by crockett
                            Come on now, do you really think he is capable of any original thought, that isn't spoon fed to him by some right wing talking head. Have you ever seen him post a original thought that wasn't a right wing talking point? His very signature is lost on him, yet he wears it proudly as if it somehow makes him look intelligent.

                            He is nothing more than a worker bee drone that follows with a hive mindset. He might as well just be saying.. Hordor over and over again.
                            All he wants to do is cut and paste from the same article.
                            Herschel Savage
                            Brooklyn, NY

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