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U.S. Economy Unexpectedly Contracts in Fourth Quarter
- Jan 30, 2013 9:53 am GMT
Intriguing.
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- Jan 30, 2013 9:56 am GMT[QUOTE="KC_Hokie"][QUOTE="comp_atkins"]
[QUOTE="KC_Hokie"]So you think all that random government spending and 'stimulus' actually did something? We've had similar recessions, like in the early 80s, and recovered far faster because government wasn't such a huge percentage of the economy.[/QUOTE] lol no..
[/QUOTE] Yes...in several ways the recession of the early 80s was worse than the one we just had. Recovery was far greater and there was little government intervention. [/QUOTE] Little government intervention = massive contractionary and expansionary monetary policy?- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 9:57 am GMT
"everything is amazing right now, and nobody's happy" -louis c.k.
[QUOTE="KC_Hokie"][QUOTE="comp_atkins"][QUOTE="KC_Hokie"]Doesn't really matter. 100% of it is borrowed, printed or taxed. All three take away from the private sector and finite resources of the economy. [/QUOTE] like talking to a wall.. so what about private sector jobs supported, maybe not even fully, by government funds? [/QUOTE]When those jobs are propped up by borrowed and printed money then that's a bad thing. That's why GDP dropped last quarter....defense spending dropped.
It's good that government spending dropped. Terrible it was such a high percentage of the economy in the first place.
[/QUOTE] which brings us full circle to the original point i made about not all government supported jobs are funded by borrowed/printed money... there aren't solid brick walls in the economy between what is government-funded and privately-funded... it's all interconnected. to simply say "we should just eliminate all jobs funded by borrowed/printed money" is a ridiculous statement to make because it shows a glaring lack of understanding of the complexities of our economy.- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 9:58 am GMT
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DOCTOR WHO 50th ANNIVERSARY!!!!!!!
[QUOTE="comp_atkins"][QUOTE="KC_Hokie"]
[QUOTE="comp_atkins"] like talking to a wall.. so what about private sector jobs supported, maybe not even fully, by government funds? [/QUOTE]When those jobs are propped up by borrowed and printed money then that's a bad thing. That's why GDP dropped last quarter....defense spending dropped.
It's good that government spending dropped. Terrible it was such a high percentage of the economy in the first place.
[/QUOTE] which brings us full circle to the original point i made about not all government supported jobs are funded by borrowed/printed money... there aren't solid brick walls in the economy between what is government-funded and privately-funded... it's all interconnected. to simply say "we should just eliminate all jobs funded by borrowed/printed money" is a ridiculous statement to make because it shows a glaring lack of understanding of the complexities of our economy. [/QUOTE]
Subtlety has no place in an OT discussion, especially with those who only attack and ignore contradictory information, however well it's supported.
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- Jan 30, 2013 9:59 am GMT"A government which robs Peter to pay Paul, can always count on the support of Paul" - George Bernard Shaw
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"][QUOTE="comp_atkins"] lol no.. [/QUOTE] Yes...in several ways the recession of the early 80s was worse than the one we just had. Recovery was far greater and there was little government intervention. [/QUOTE] Little government intervention = massive contractionary and expansionary monetary policy? [/QUOTE]That recession was a correction to the prior recession.
We're going to have a significant correction to the one we just had too.
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- Jan 30, 2013 10:00 am GMT"A government which robs Peter to pay Paul, can always count on the support of Paul" - George Bernard Shaw[QUOTE="comp_atkins"][QUOTE="KC_Hokie"]
[QUOTE="comp_atkins"] like talking to a wall.. so what about private sector jobs supported, maybe not even fully, by government funds? [/QUOTE]When those jobs are propped up by borrowed and printed money then that's a bad thing. That's why GDP dropped last quarter....defense spending dropped.
It's good that government spending dropped. Terrible it was such a high percentage of the economy in the first place.
[/QUOTE] which brings us full circle to the original point i made about not all government supported jobs are funded by borrowed/printed money... there aren't solid brick walls in the economy between what is government-funded and privately-funded... it's all interconnected. to simply say "we should just eliminate all jobs funded by borrowed/printed money" is a ridiculous statement to make because it shows a glaring lack of understanding of the complexities of our economy. [/QUOTE]Saying there isn't a difference between the private and public sectors is socialism and a huge problem.- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 10:01 am GMT[QUOTE="KC_Hokie"]
[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"] Yes...in several ways the recession of the early 80s was worse than the one we just had. Recovery was far greater and there was little government intervention. [/QUOTE] Little government intervention = massive contractionary and expansionary monetary policy? [/QUOTE]That recession was a correction to the prior recession.
We're going to have a significant correction to the one we just had too.
[/QUOTE] Hokie don't you think it's a little too soon to start making predictions again?- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 10:03 am GMT"A government which robs Peter to pay Paul, can always count on the support of Paul" - George Bernard Shaw[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]
[QUOTE="-Sun_Tzu-"] Little government intervention = massive contractionary and expansionary monetary policy? [/QUOTE]That recession was a correction to the prior recession.
We're going to have a significant correction to the one we just had too.
[/QUOTE] Hokie don't you think it's a little too soon to start making predictions again? [/QUOTE]One more quarter like the last one and I'm right. This is a far easier prediction since the last few years of government spending, borrowing and printing are not sustainable.- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 10:08 am GMT[QUOTE="KC_Hokie"][QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]That recession was a correction to the prior recession.
We're going to have a significant correction to the one we just had too.
[/QUOTE] Hokie don't you think it's a little too soon to start making predictions again? [/QUOTE]One more quarter like the last one and I'm right. This is a far easier prediction since the last few years of government spending, borrowing and printing are not sustainable. [/QUOTE] oh boy here we go again- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 10:12 am GMTWhy are liberals so emotional?
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- Jan 30, 2013 10:16 am GMT
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DOCTOR WHO 50th ANNIVERSARY!!!!!!!
[QUOTE="DaBrainz"]Why are liberals so emotional?[/QUOTE]
You didn't need to leave the other thread to say that. And there's very little emotion in this thread, just a debate, of sorts.
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- Jan 30, 2013 10:20 am GMT
I lost faith in the US government long ago. Nobody is going to do anything to solve our debt CRISIS; not problem, CRISIS- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 10:22 am GMT[QUOTE="KC_Hokie"][QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]That recession was a correction to the prior recession.
We're going to have a significant correction to the one we just had too.
[/QUOTE] Hokie don't you think it's a little too soon to start making predictions again? [/QUOTE]One more quarter like the last one and I'm right. This is a far easier prediction since the last few years of government spending, borrowing and printing are not sustainable. [/QUOTE] It's ok Hokie, we'll just make it all magically disappear with trillion dollar coins LOL- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 10:22 am GMTkingkong0124 wrote:
I also have NFL players entertaining me right now.
I remember Hokies last prediction. Hey hokie, did Romney get inaugurated yet?- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 10:23 am GMT[QUOTE="jimkabrhel"]
[QUOTE="DaBrainz"]Why are liberals so emotional?[/QUOTE]
You didn't need to leave the other thread to say that. And there's very little emotion in this thread, just a debate, of sorts.
[/QUOTE] Meh I'm just bored.- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 11:01 am GMT
"everything is amazing right now, and nobody's happy" -louis c.k.
[QUOTE="KC_Hokie"][QUOTE="comp_atkins"][QUOTE="KC_Hokie"]When those jobs are propped up by borrowed and printed money then that's a bad thing. That's why GDP dropped last quarter....defense spending dropped.It's good that government spending dropped. Terrible it was such a high percentage of the economy in the first place.
[/QUOTE] which brings us full circle to the original point i made about not all government supported jobs are funded by borrowed/printed money... there aren't solid brick walls in the economy between what is government-funded and privately-funded... it's all interconnected. to simply say "we should just eliminate all jobs funded by borrowed/printed money" is a ridiculous statement to make because it shows a glaring lack of understanding of the complexities of our economy. [/QUOTE]Saying there isn't a difference between the private and public sectors is socialism and a huge problem. [/QUOTE] i never said there wasn't a difference... just that it isn't as black and white as you'd like to think. we live in the real world, after all. simply saying socialism = bad, capitalism = good and that being ( essentially ) your only argument may get you a bumper sticker made, but it will not address any real-world issues... in the real world we have both.- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 11:05 am GMT
Thank you liberals
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- Jan 30, 2013 11:58 am GMT[QUOTE="DaBrainz"]It's Bush's fault.[/QUOTE]
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- Jan 30, 2013 12:07 pm GMT
[QUOTE="KC_Hokie"][QUOTE="jimkabrhel"]For reference, since looking at a single data point is never much use.[/QUOTE]Yea....it was the Department of Commerce that provided that data. And it was totally unexpected for the GDP to drop DURING the holiday quarter. Almost never happens.
[/QUOTE] GDP is seasonally adjusted each quarter so the holiday sales aren't factored into it.- Please wait. Quick reply will be available shortly.
- Jan 30, 2013 12:47 pm GMT[QUOTE="-RocBoys9489-"]I lost faith in the US government long ago. Nobody is going to do anything to solve our debt CRISIS; not problem, CRISIS[/QUOTE] how is it a crisis?
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