U.S. Economy Unexpectedly Contracts in Fourth Quarter

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#151 Posted by DroidPhysX (17088 posts) -
[QUOTE="DroidPhysX"]I think Hokie might want to retake Econ again.chessmaster1989
>implying he ever took econ

rofl
#152 Posted by Mafiree (3704 posts) -
[QUOTE="Mafiree"][QUOTE="KC_Hokie"]It's exactly what they did.....government keep borrowing and spending money and let future generations pay for it. KC_Hokie
So, we should have austerity measures........and have the "future generations" pay for it now by being under/unemployed? Just, look how the austerity measures taken in Spain have affected the unemployment rate of those 18-25.......

The Spanish and Greeks screwed themselves through decades of borrowing and spending. They have no choice now but austerity.

The US has a choice though..... We can take measured cuts to spending and reform social security and medicare over the next decade and spread out the "pain" over several decades. Verse taking a hatchet to spending which has asymmetric negative effects.
#153 Posted by KC_Hokie (16099 posts) -
[QUOTE="Mafiree"][QUOTE="KC_Hokie"][QUOTE="Mafiree"] So, we should have austerity measures........and have the "future generations" pay for it now by being under/unemployed? Just, look how the austerity measures taken in Spain have affected the unemployment rate of those 18-25.......

The Spanish and Greeks screwed themselves through decades of borrowing and spending. They have no choice now but austerity.

The US has a choice though..... We can take measured cuts to spending and reform social security and medicare over the next decade and spread out the "pain" over several decades. Verse taking a hatchet to spending which has asymmetric negative effects.

Have to cut now and over time. Spending is just so out of control and that includes defense and entitlement spending.
#154 Posted by Aljosa23 (24589 posts) -

This thread is almost as retarded as surreal_number5 saying Canada is going through a housing crisis.

#155 Posted by Abbeten (2803 posts) -
[QUOTE="Mafiree"][QUOTE="KC_Hokie"]The Spanish and Greeks screwed themselves through decades of borrowing and spending. They have no choice now but austerity. KC_Hokie
The US has a choice though..... We can take measured cuts to spending and reform social security and medicare over the next decade and spread out the "pain" over several decades. Verse taking a hatchet to spending which has asymmetric negative effects.

Have to cut now and over time. Spending is just so out of control and that includes defense and entitlement spending.

what evidence do you have for this though?
#156 Posted by -Sun_Tzu- (17379 posts) -

[QUOTE="Mafiree"][QUOTE="KC_Hokie"]It's exactly what they did.....government keep borrowing and spending money and let future generations pay for it. KC_Hokie
So, we should have austerity measures........and have the "future generations" pay for it now by being under/unemployed? Just, look how the austerity measures taken in Spain have affected the unemployment rate of those 18-25.......

The Spanish and Greeks screwed themselves through decades of borrowing and spending. They have no choice now but austerity.

Spain was running surpluses prior to the financial collapse...

#157 Posted by KC_Hokie (16099 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"][QUOTE="Mafiree"] The US has a choice though..... We can take measured cuts to spending and reform social security and medicare over the next decade and spread out the "pain" over several decades. Verse taking a hatchet to spending which has asymmetric negative effects.

Have to cut now and over time. Spending is just so out of control and that includes defense and entitlement spending.

what evidence do you have for this though?

The exponentially growing debt due primarily to defense and entitlement spending.
#158 Posted by KC_Hokie (16099 posts) -

[QUOTE="KC_Hokie"][QUOTE="Mafiree"] So, we should have austerity measures........and have the "future generations" pay for it now by being under/unemployed? Just, look how the austerity measures taken in Spain have affected the unemployment rate of those 18-25.......-Sun_Tzu-

The Spanish and Greeks screwed themselves through decades of borrowing and spending. They have no choice now but austerity.

Spain was running surpluses prior to the financial collapse...

Yea for a grand total of like 1.5 years. And their spending kept going up. Once their bubble hit they kept up spending for too long.
#159 Posted by Abbeten (2803 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Have to cut now and over time. Spending is just so out of control and that includes defense and entitlement spending. KC_Hokie
what evidence do you have for this though?

The exponentially growing debt due primarily to defense and entitlement spending.

which is not at all evidence that drastic and immediate austerity is necessary. not even close. not even a little bit.
#160 Posted by KC_Hokie (16099 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"][QUOTE="Abbeten"] what evidence do you have for this though?

The exponentially growing debt due primarily to defense and entitlement spending.

which is not at all evidence that drastic and immediate austerity is necessary. not even close. not even a little bit.

How does being 90% towards the direction of Greece in terms of debt not a giant warning siren?
#161 Posted by Abbeten (2803 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"]The exponentially growing debt due primarily to defense and entitlement spending. KC_Hokie
which is not at all evidence that drastic and immediate austerity is necessary. not even close. not even a little bit.

How does being 90% towards the direction of Greece in terms of debt not a giant warning siren?

you ignored the very crucial ways in which we are very different from greece
#162 Posted by KC_Hokie (16099 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"][QUOTE="Abbeten"] which is not at all evidence that drastic and immediate austerity is necessary. not even close. not even a little bit.

How does being 90% towards the direction of Greece in terms of debt not a giant warning siren?

you ignored the very crucial ways in which we are very different from greece

Japan then. They are entering a debt crisis as well.
#163 Posted by Abbeten (2803 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"]How does being 90% towards the direction of Greece in terms of debt not a giant warning siren?KC_Hokie
you ignored the very crucial ways in which we are very different from greece

Japan then. They are entering a debt crisis as well.

okay let's take a step back and define some terms. please tell me very specifically what constitutes a debt crisis
#164 Posted by KC_Hokie (16099 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"][QUOTE="Abbeten"] you ignored the very crucial ways in which we are very different from greece

Japan then. They are entering a debt crisis as well.

okay let's take a step back and define some terms. please tell me very specifically what constitutes a debt crisis

When your debt exceeds GDP to an extent that it devalues your currency and cripples your economy. The US and Japan are right on the brink.
#165 Posted by -Sun_Tzu- (17379 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Japan then. They are entering a debt crisis as well. KC_Hokie
okay let's take a step back and define some terms. please tell me very specifically what constitutes a debt crisis

When your debt exceeds GDP to an extent that it devalues your currency and cripples your economy. The US and Japan are right on the brink.

How is the Japanese debt currently crippling their economy?
#166 Posted by Abbeten (2803 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Japan then. They are entering a debt crisis as well. KC_Hokie
okay let's take a step back and define some terms. please tell me very specifically what constitutes a debt crisis

When your debt exceeds GDP to an extent that it devalues your currency and cripples your economy. The US and Japan are right on the brink.

but interest rates on both american and japanese bonds are very low, as is inflation. debt isn't devaluing our currency, nor is it crippling the economy. that doesn't make any sense
#167 Posted by KC_Hokie (16099 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"][QUOTE="Abbeten"] okay let's take a step back and define some terms. please tell me very specifically what constitutes a debt crisis

When your debt exceeds GDP to an extent that it devalues your currency and cripples your economy. The US and Japan are right on the brink.

How is the Japanese debt currently crippling their economy?

They've grown by .8% on average since 1990. That sucks and it's due to the government policies of debt and currency printing.
#168 Posted by -Sun_Tzu- (17379 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]When your debt exceeds GDP to an extent that it devalues your currency and cripples your economy. The US and Japan are right on the brink.KC_Hokie
How is the Japanese debt currently crippling their economy?

They've grown by .8% on average since 1990. That sucks and it's due to the government policies of debt and currency printing.

But how is their debt specifically crippling their economy? Through what mechanism?
#169 Posted by KC_Hokie (16099 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"][QUOTE="Abbeten"] okay let's take a step back and define some terms. please tell me very specifically what constitutes a debt crisis

When your debt exceeds GDP to an extent that it devalues your currency and cripples your economy. The US and Japan are right on the brink.

but interest rates on both american and japanese bonds are very low, as is inflation. debt isn't devaluing our currency, nor is it crippling the economy. that doesn't make any sense

Inflation hasn't hit yet but it will. We're due for a double dip recession. You simply cannot keep up the current rate of debt and spending.
#170 Posted by KC_Hokie (16099 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"][QUOTE="-Sun_Tzu-"] How is the Japanese debt currently crippling their economy?

They've grown by .8% on average since 1990. That sucks and it's due to the government policies of debt and currency printing.

But how is their debt specifically crippling their economy? Through what mechanism?

Are you serious?
#171 Posted by sonicare (53448 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"][QUOTE="-Sun_Tzu-"] How is the Japanese debt currently crippling their economy?

They've grown by .8% on average since 1990. That sucks and it's due to the government policies of debt and currency printing.

But how is their debt specifically crippling their economy? Through what mechanism?

Through the Krugmanism cripple.
#172 Posted by -Sun_Tzu- (17379 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]They've grown by .8% on average since 1990. That sucks and it's due to the government policies of debt and currency printing. KC_Hokie
But how is their debt specifically crippling their economy? Through what mechanism?

Are you serious?

I'm still waiting for your answer.
#173 Posted by Abbeten (2803 posts) -
[QUOTE="Abbeten"][QUOTE="KC_Hokie"]When your debt exceeds GDP to an extent that it devalues your currency and cripples your economy. The US and Japan are right on the brink.KC_Hokie
but interest rates on both american and japanese bonds are very low, as is inflation. debt isn't devaluing our currency, nor is it crippling the economy. that doesn't make any sense

Inflation hasn't hit yet but it will. We're due for a double dip recession. You simply cannot keep up the current rate of debt and spending.

i love inflation hawks because they swear that every year is their year they swear this time they're sure, guys
#174 Posted by KC_Hokie (16099 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]They've grown by .8% on average since 1990. That sucks and it's due to the government policies of debt and currency printing. sonicare
But how is their debt specifically crippling their economy? Through what mechanism?

Through the Krugmanism cripple.

lol!
#175 Posted by -Sun_Tzu- (17379 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]They've grown by .8% on average since 1990. That sucks and it's due to the government policies of debt and currency printing. sonicare
But how is their debt specifically crippling their economy? Through what mechanism?

Through the Krugmanism cripple.

That sounds painful
#176 Posted by sonicare (53448 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="sonicare"][QUOTE="-Sun_Tzu-"] But how is their debt specifically crippling their economy? Through what mechanism?

Through the Krugmanism cripple.

That sounds painful

Lol. How've you been my friend?
#177 Posted by Abbeten (2803 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"][QUOTE="-Sun_Tzu-"] But how is their debt specifically crippling their economy? Through what mechanism?

Are you serious?

I'm still waiting for your answer.

let the record show he never actually answered this
#178 Posted by DroidPhysX (17088 posts) -
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]Are you serious?Abbeten
I'm still waiting for your answer.

let the record show he never actually answered this

poor hokie
#179 Posted by mattbbpl (10559 posts) -
Heard about this on Hannity this afternoon.

Demand spending cuts. Get spending cuts. Witness drop in GDP caused by those spending cuts. Rail against the GDP contraction and demand more spending cuts.

And the world goes round.
#180 Posted by jimkabrhel (15416 posts) -

Heard about this on Hannity this afternoon.

 

Demand spending cuts. Get spending cuts. Witness drop in GDP caused by those spending cuts. Rail against the GDP contraction and demand more spending cuts.

 

And the world goes round.mattbbpl

The GOP world.

#181 Posted by ristactionjakso (5666 posts) -

LOL, "unexpectantly"

Ya right. Any bum on the street has more common sense than government officials. They want the economy to fall.

#182 Posted by chessmaster1989 (29075 posts) -

LOL, "unexpectantly"

Ya right. Any bum on the street has more common sense than government officials. They want the economy to fall.

ristactionjakso
You are right, your average hobo is smarter than most tea partiers.
#183 Posted by Yusuke420 (2793 posts) -

This is a relatively minor setback, the economy will show growth at the end of next quarter and all will be well. Housing Markets are up, Investing is up, business can borrow capital at record low interest rates and there are a slew of new companies that will be bringing jobs to the US with the labor market increasing in developing countries. Mountain out of a mole hill...

#184 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

LOL, "unexpectantly"

Ya right. Any bum on the street has more common sense than government officials. They want the economy to fall.

chessmaster1989

You are right, your average hobo is smarter than most tea partiers.

lol, and the bias continues. I like to say both parties are at fault for the downgrades of America, not Tea Partiers alone. Although, Tea Party is a fairly new uprising. Not much time in the gov there. 

#185 Posted by chessmaster1989 (29075 posts) -

[QUOTE="chessmaster1989"][QUOTE="ristactionjakso"]

LOL, "unexpectantly"

Ya right. Any bum on the street has more common sense than government officials. They want the economy to fall.

ristactionjakso

You are right, your average hobo is smarter than most tea partiers.

lol, and the bias continues. I like to say both parties are at fault for the downgrades of America, not Tea Partiers alone. Although, Tea Party is a fairly new uprising. Not much time in the gov there. 

It has nothing to do with governance, I just think your average tea partier in Congress is a f*cking moron. Much more so than your average non-tea party Republican or average Democrat.
#186 Posted by DroidPhysX (17088 posts) -

[QUOTE="chessmaster1989"][QUOTE="ristactionjakso"]

LOL, "unexpectantly"

Ya right. Any bum on the street has more common sense than government officials. They want the economy to fall.

ristactionjakso

You are right, your average hobo is smarter than most tea partiers.

lol, and the bias continues. I like to say both parties are at fault for the downgrades of America, not Tea Partiers alone. Although, Tea Party is a fairly new uprising. Not much time in the gov there. 

The tea party swept statehouses in 2010 and spent a majority of their time writing anti abortion, anti gay marriage bills, social issues, etc.
#187 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

[QUOTE="chessmaster1989"] You are right, your average hobo is smarter than most tea partiers.DroidPhysX

lol, and the bias continues. I like to say both parties are at fault for the downgrades of America, not Tea Partiers alone. Although, Tea Party is a fairly new uprising. Not much time in the gov there. 

The tea party swept statehouses in 2010 and spent a majority of their time writing anti abortion, anti gay marriage bills, social issues, etc.

And the democracts dont even submit budgets. What's your point? 2 years is hardly long enough in the government compared to both parties since ethe birth of America. 

#188 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

[QUOTE="chessmaster1989"] You are right, your average hobo is smarter than most tea partiers.chessmaster1989

lol, and the bias continues. I like to say both parties are at fault for the downgrades of America, not Tea Partiers alone. Although, Tea Party is a fairly new uprising. Not much time in the gov there. 

It has nothing to do with governance, I just think your average tea partier in Congress is a f*cking moron. Much more so than your average non-tea party Republican or average Democrat.

Thats cool. :roll:

#189 Posted by chessmaster1989 (29075 posts) -

[QUOTE="chessmaster1989"][QUOTE="ristactionjakso"]lol, and the bias continues. I like to say both parties are at fault for the downgrades of America, not Tea Partiers alone. Although, Tea Party is a fairly new uprising. Not much time in the gov there. 

ristactionjakso

It has nothing to do with governance, I just think your average tea partier in Congress is a f*cking moron. Much more so than your average non-tea party Republican or average Democrat.

Thats cool. :roll:

Aww did I hurt your feelings? Are you a tea partier? You're certainly dumb enough to be one.
#190 Posted by DroidPhysX (17088 posts) -

[QUOTE="DroidPhysX"][QUOTE="ristactionjakso"]lol, and the bias continues. I like to say both parties are at fault for the downgrades of America, not Tea Partiers alone. Although, Tea Party is a fairly new uprising. Not much time in the gov there. 

ristactionjakso

The tea party swept statehouses in 2010 and spent a majority of their time writing anti abortion, anti gay marriage bills, social issues, etc.

And the democracts dont even submit budgets. What's your point? 2 years is hardly long enough in the government compared to both parties since ethe birth of America. 

2 years is plenty of time when you control all parts of state governments like the tea partiers have.
#191 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

[QUOTE="DroidPhysX"] The tea party swept statehouses in 2010 and spent a majority of their time writing anti abortion, anti gay marriage bills, social issues, etc.DroidPhysX

And the democracts dont even submit budgets. What's your point? 2 years is hardly long enough in the government compared to both parties since ethe birth of America. 

2 years is plenty of time when you control all parts of state governments like the tea partiers have.

If they control all parts of state governments then they have become popular I guess. 

#192 Posted by DroidPhysX (17088 posts) -

[QUOTE="DroidPhysX"][QUOTE="ristactionjakso"]And the democracts dont even submit budgets. What's your point? 2 years is hardly long enough in the government compared to both parties since ethe birth of America. 

ristactionjakso

2 years is plenty of time when you control all parts of state governments like the tea partiers have.

If they control all parts of state governments then they have become popular I guess. 

In 2010, yes. In 2013, not even close.
#193 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

[QUOTE="chessmaster1989"] It has nothing to do with governance, I just think your average tea partier in Congress is a f*cking moron. Much more so than your average non-tea party Republican or average Democrat.chessmaster1989

Thats cool. :roll:

Aww did I hurt your feelings? Are you a tea partier? You're certainly dumb enough to be one.

What's this attack for? I suppose I hurt your feeling somewhere down the line. I don't care because im not a tea partier, or democrat/liberal/socialist. Don't you have a gay rights parade to attend to?

#194 Posted by DroidPhysX (17088 posts) -

[QUOTE="chessmaster1989"][QUOTE="ristactionjakso"]Thats cool. :roll:

ristactionjakso

Aww did I hurt your feelings? Are you a tea partier? You're certainly dumb enough to be one.

What's this attack for? I suppose I hurt your feeling somewhere down the line. I don't care because im not a tea partier, or democrat/liberal/socialist. Don't you have a gay rights parade to attend to?

smh
#195 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

[QUOTE="DroidPhysX"] 2 years is plenty of time when you control all parts of state governments like the tea partiers have.DroidPhysX

If they control all parts of state governments then they have become popular I guess. 

In 2010, yes. In 2013, not even close.

That's fine. I don't care. It doesnt matter anyway. Why brand people a tea partier without any proof to back it up? 

#196 Posted by DroidPhysX (17088 posts) -

[QUOTE="DroidPhysX"][QUOTE="ristactionjakso"]If they control all parts of state governments then they have become popular I guess. 

ristactionjakso

In 2010, yes. In 2013, not even close.

That's fine. I don't care. It doesnt matter anyway. Why brand people a tea partier without any proof to back it up? 

it sure as hell mattered 2 posts ago.
#197 Posted by chessmaster1989 (29075 posts) -

[QUOTE="chessmaster1989"][QUOTE="ristactionjakso"]Thats cool. :roll:

ristactionjakso

Aww did I hurt your feelings? Are you a tea partier? You're certainly dumb enough to be one.

What's this attack for? I suppose I hurt your feeling somewhere down the line. I don't care because im not a tea partier, or democrat/liberal/socialist. Don't you have a gay rights parade to attend to?

Guess it just goes to show that all tea partiers are idiots, but not all idiots are tea partiers. And I'm not a Democrat and much as I support gay rights, I wouldn't be caught dead at a gay rights parade.
#198 Posted by mariokart64fan (19348 posts) -

It is both busch and obamas fault  i wish people would realise  obama has been president for 4 years already and didnt do jack to fix  the problems busch had made in fact obama exxagerated them!by bailing out these banks 

#199 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

[QUOTE="DroidPhysX"] In 2010, yes. In 2013, not even close.DroidPhysX

That's fine. I don't care. It doesnt matter anyway. Why brand people a tea partier without any proof to back it up? 

it sure as hell mattered 2 posts ago.

Only thing that mattered was the fact that you and some other dude, I forget his name, right here in the same post brand me as a tea partier with no proof. The other dude even said I was dumb enough to be one. All I said was both parties are to blame for the downgrade of America. How about both you go change your tampons.

#200 Posted by ristactionjakso (5666 posts) -

[QUOTE="ristactionjakso"]

[QUOTE="chessmaster1989"] Aww did I hurt your feelings? Are you a tea partier? You're certainly dumb enough to be one.chessmaster1989

What's this attack for? I suppose I hurt your feeling somewhere down the line. I don't care because im not a tea partier, or democrat/liberal/socialist. Don't you have a gay rights parade to attend to?

Guess it just goes to show that all tea partiers are idiots, but not all idiots are tea partiers. And I'm not a Democrat and much as I support gay rights, I wouldn't be caught dead at a gay rights parade.

Not ready to come out of the closet yet? Don't be ashamed, im sure your parents will accept you as is.