U.S. Economy Unexpectedly Contracts in Fourth Quarter

[QUOTE="DroidPhysX"]I think Hokie might want to retake Econ again.chessmaster1989

[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

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

[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

[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

[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-

[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

[QUOTE="Abbeten"][QUOTE="KC_Hokie"]The exponentially growing debt due primarily to defense and entitlement spending. KC_Hokie

[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

[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Japan then. They are entering a debt crisis as well. KC_Hokie

[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Japan then. They are entering a debt crisis as well. KC_Hokie

[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

[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

[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

[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

[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

[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]Are you serious?Abbeten

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.

LOL, "unexpectantly"

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

LOL, "unexpectantly"

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

ristactionjakso

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...

[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

[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

[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

[QUOTE="ristactionjakso"]

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

[QUOTE="ristactionjakso"]

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

[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

[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

[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

[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

[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

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

ristactionjakso

[QUOTE="ristactionjakso"]

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

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

ristactionjakso

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

ristactionjakso

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 

[QUOTE="ristactionjakso"]

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

[QUOTE="ristactionjakso"]

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