Politics Obamanomics: US Economy is Shrinking

Discussion in 'The Howard Stern Show' started by ltd86, May 29, 2015.

  1. ltd86

    ltd86 Racist Banned User

    Reputations:
    170,081
    Joined:
    Jan 11, 2013
    Messages:
    36,004
    Likes Received:
    35,131
    U.S. economy shrank at 0.7 percent rate in first quarter

    [​IMG]

    The U.S. economy went into reverse in the first three months of this year as a severe winter(lol) and a widening trade deficit took a harsher toll than initially estimated.

    The overall economy as measured by the gross domestic product contracted at an annual rate of 0.7 percent in the January-March period, the Commerce Department reported Friday.

    The revised figure, even weaker than the government’s initial estimate of a 0.2 percent growth rate, reflects a bigger trade gap and slower consumer spending. It marked the first decline since a 2.1 percent contraction in the first three months of 2014, a slump that was also blamed on winter weather(lol).



    Read more: http://www.politico.com/story/2015/...te-in-first-quarter-118404.html#ixzz3bXjO8MHG





    Now Obama wants to rig how economic growth is calculated so people can't find out how awful the economy is doing:
    http://hosted.ap.org/dynamic/storie...ME&TEMPLATE=DEFAULT&CTIME=2015-05-22-18-04-22




    Let's see how the American people are doing:
    47% of Americans Couldn’t Come Up With $400 For An Emergency
    http://www.bloomberg.com/news/artic...bility-haunts-u-s-families-years-after-crisis




    At least US manufactured exports are doing well:

    [​IMG]
     
    Last edited: May 29, 2015
  2. JRoyle411

    JRoyle411 I want to live in a hamburger bun.

    Reputations:
    44,927
    Joined:
    Mar 26, 2014
    Messages:
    3,322
    Likes Received:
    7,057
  3. Divorce Chicken

    Divorce Chicken white punk on dope VIP

    Reputations:
    139,535
    Joined:
    Jan 24, 2012
    Messages:
    14,184
    Likes Received:
    31,310
    I guess the "shovel ready" jobs weren't so "shovel ready".
     
    BeerCanThick, jake206, reno and 3 others like this.
  4. Tipsey Russell

    Tipsey Russell VIP Extreme Gold

    Reputations:
    124,553
    Joined:
    Nov 26, 2013
    Messages:
    10,998
    Likes Received:
    25,951
    47% of Americans Couldn’t Come Up With $400 For An Emergency


    a real good chunk of these people are fucking idiots who deserve to be sidetracked by a $400 "emergency"


    you got cable, an iPhone, and had a starbucks today don't fucking blame someone else when you can't dish out 4 hundy to replace the tires on your 2007 civic
     
  5. AllAboutHim Ed

    AllAboutHim Ed #mypurpose VIP

    Reputations:
    134,725
    Joined:
    Jan 1, 2014
    Messages:
    7,246
    Likes Received:
    10,880
    Yeah, but the budget is balanced, the illegal immigration problem has been solved, literacy is at an all time high, the nation is slimming down, food stamp use is becoming scarce, we finally have racial harmony, healthcare costs and deductibles are shrinking, the real unemployment rate is so low companies are begging for more workers, there is peace and stability throughout the world, and China and Russia respect and fear us.
     
  6. JRoyle411

    JRoyle411 I want to live in a hamburger bun.

    Reputations:
    44,927
    Joined:
    Mar 26, 2014
    Messages:
    3,322
    Likes Received:
    7,057
    [​IMG]
     
  7. Divorce Chicken

    Divorce Chicken white punk on dope VIP

    Reputations:
    139,535
    Joined:
    Jan 24, 2012
    Messages:
    14,184
    Likes Received:
    31,310
    What really concerns me is the nose-dive race-relations have taken under Obama. In my mind, it's the most shameful part of his horrible, amateurish presidency.
     
  8. balloon knot

    balloon knot Well-Known Member

    Reputations:
    39,663
    Joined:
    Nov 15, 2012
    Messages:
    4,001
    Likes Received:
    6,754
    it's because of climate change
     
  9. BethSucks

    BethSucks Well-Known Member Staff Member

    Reputations:
    424,058
    Joined:
    Jan 15, 2012
    Messages:
    23,990
    Likes Received:
    46,550
    The rich have gotten richer with all their unchecked paper pushing, investment banking and "restructuring" all of which shifts countless jobs to third world countries, the Hi Pitch Erik's of the world have gotten more and bigger handouts causing many of them to no longer have any desire to be productive. All this comes at the expense of the middle class, it can't go on forever because soon enough there will be no more middle class to fund this nonsense.
     
  10. ltd86

    ltd86 Racist Banned User

    Reputations:
    170,081
    Joined:
    Jan 11, 2013
    Messages:
    36,004
    Likes Received:
    35,131
    -If the labor force participation rate was the same as it was when Obama took office, unemployment would be over 10%. The decline in the unemployment rate is completely due to people dropping out of the workforce
    [​IMG]

    -Median household income declined 4.6 percent during Obama’s first five years, and nearly 5.5 million more Americans were living in poverty last year than before he took office.
    [​IMG]

    Fewer full time jobs than when Obama took office
    [​IMG]
     
  11. Javaforgotme

    Javaforgotme Well-Known Member Banned User

    Reputations:
    30,103
    Joined:
    Jul 20, 2013
    Messages:
    2,904
    Likes Received:
    6,277
    Please provide bibliographic reference when you quote from a published source:

    [​IMG]
     
  12. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    240,706
    Joined:
    Jan 16, 2012
    Messages:
    38,744
    Likes Received:
    39,497
    [​IMG]
     
  13. reno

    reno VIP Extreme Gold

    Reputations:
    324,256
    Joined:
    Jan 10, 2012
    Messages:
    13,715
    Likes Received:
    40,585
    And Howard is building a 10,000,000.00 closet in the mansion he paid 52,000,000.00 for.
     
  14. CrucifiedAGT

    CrucifiedAGT He's Around VIP

    Reputations:
    335,688
    Joined:
    Nov 23, 2013
    Messages:
    11,722
    Likes Received:
    24,646
    Your posts are indisputable. :hat:
     
    Head Censor, KDK12 and ltd86 like this.
  15. scoobyla

    scoobyla Well-Known Member

    Reputations:
    35,238
    Joined:
    Oct 29, 2013
    Messages:
    10,800
    Likes Received:
    8,083
    almost all economic bills signed were agreed to by R. (and the R candidates)
    i dont think he vetod any great economic bill that woulda fixed everything.



    anyways, ppl can make their own economy good
     
    Madipuppy likes this.
  16. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    240,706
    Joined:
    Jan 16, 2012
    Messages:
    38,744
    Likes Received:
    39,497
    And a software engineer stocking shelves is "employed". As is his Pakistani H1B visa replacement.
     
  17. ltd86

    ltd86 Racist Banned User

    Reputations:
    170,081
    Joined:
    Jan 11, 2013
    Messages:
    36,004
    Likes Received:
    35,131
    Here's one positive chart - look at how much these numbers have gone up during Obama's time in office:

    [​IMG]
     
  18. SouthernListen

    SouthernListen I don't follow the crowd. Sorry about that. VIP

    Reputations:
    240,706
    Joined:
    Jan 16, 2012
    Messages:
    38,744
    Likes Received:
    39,497
    It would seem to me that this is the best single statistic to monitor the health of the economy. 15% of the population on food stamps doesn't seem all that prosperous to me. Especially when it was 60% of that number previously.
     
    BeerCanThick and ltd86 like this.
  19. Ta Ta Toothy

    Ta Ta Toothy Well-Known Member

    Reputations:
    70,289
    Joined:
    Jun 25, 2014
    Messages:
    3,164
    Likes Received:
    11,284
    On the bright side, Obama's dogs are eating well.

    th-2.jpeg
     
  20. Madipuppy

    Madipuppy Well-Known Member

    Reputations:
    461
    Joined:
    Jan 9, 2012
    Messages:
    7,723
    Likes Received:
    87
    I am not saying the economy is great, because it isn't, but to judge on just the first quarter isn't right. If you ever look at a chart, the line is never a straight arrow up. It goes up and then down sometimes.