U.S. Economy Unexpectedly Contracts in Fourth Quarter

Intriguing.

[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.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. KC_Hokie

It's good that government spending dropped. Terrible it was such a high percentage of the economy in the first place.

[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? comp_atkins

It's good that government spending dropped. Terrible it was such a high percentage of the economy in the first place.

Subtlety has no place in an OT discussion, especially with those who only attack and ignore contradictory information, however well it's supported.

[QUOTE="KC_Hokie"][QUOTE="comp_atkins"] lol no.. -Sun_Tzu-

We're going to have a significant correction to the one we just had too.

[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? comp_atkins

It's good that government spending dropped. Terrible it was such a high percentage of the economy in the first place.

[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. KC_Hokie

We're going to have a significant correction to the one we just had too.

[QUOTE="KC_Hokie"]

[QUOTE="-Sun_Tzu-"] Little government intervention = massive contractionary and expansionary monetary policy? -Sun_Tzu-

We're going to have a significant correction to the one we just had too.

[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.

KC_Hokie

Why are liberals so emotional?DaBrainz

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="-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.

KC_Hokie

[QUOTE="DaBrainz"]Why are liberals so emotional?jimkabrhel

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="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.

KC_Hokie

Thank you liberals

It's Bush's fault.DaBrainz

[QUOTE="jimkabrhel"]

For reference, since looking at a single data point is never much use.KC_Hokie

I lost faith in the US government long ago. Nobody is going to do anything to solve our debt CRISIS; not problem, CRISIS-RocBoys9489-

Damn, Obama done messed up the economy again!

I think the press is blaming the superstorm Sandy.  That way you can focus your rage on a non human thing.

I think the press is blaming the superstorm Sandy.  That way you can focus your rage on a non human thing.

sonicare

Damn, Obama done messed up the economy again!

whipassmt

Four years of similar policies and now we have a single quarter that's bad. Yep, he's most likely to blame.

[QUOTE="whipassmt"]

Damn, Obama done messed up the economy again!

jimkabrhel

Four years of similar policies and now we have a single quarter that's bad. Yep, he's most likely to blame.

[QUOTE="-RocBoys9489-"]I lost faith in the US government long ago. Nobody is going to do anything to solve our debt CRISIS; not problem, CRISISAbbeten

I'm at a lost for words on the minimal understanding of economic indicators in this thread. (GDP is a fine broad measure to use for how an economy is going, I have never seen GNP used in anything worth reading)

First, one quarter does not constitute a trend, especially with the volatility that we had in q4 (Sandy and the lead up to the fiscal "cliff" deal).

Also, the private sector did fairly well in 2012. The public sector (which, the TC thinks we should contract even more) was the drag on job growth in 2012.

Further, the EU is going through recession right now. So, the drop in exports the US is seeing is due significantly to that.......

[QUOTE="Abbeten"][QUOTE="-RocBoys9489-"]I lost faith in the US government long ago. Nobody is going to do anything to solve our debt CRISIS; not problem, CRISISDarkLink77

[QUOTE="Abbeten"][QUOTE="-RocBoys9489-"]I lost faith in the US government long ago. Nobody is going to do anything to solve our debt CRISIS; not problem, CRISISDarkLink77

[QUOTE="Abbeten"][QUOTE="-RocBoys9489-"]I lost faith in the US government long ago. Nobody is going to do anything to solve our debt CRISIS; not problem, CRISISDarkLink77

Hey hokie how'd that Romney inauguration turn out?chessmaster1989

[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Exactly what the Greeks said up until a few years ago. KC_Hokie

[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Exactly what the Greeks said up until a few years ago. KC_Hokie

[QUOTE="Abbeten"][QUOTE="KC_Hokie"]Exactly what the Greeks said up until a few years ago. KC_Hokie

[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]Japan issues their own bonds and currency and look at their situation. They keep throwing cash into their economy which causes perpetual recession. KC_Hokie

[QUOTE="-Sun_Tzu-"][QUOTE="KC_Hokie"]Japan issues their own bonds and currency and look at their situation. They keep throwing cash into their economy which causes perpetual recession. KC_Hokie

[QUOTE="KC_Hokie"][QUOTE="-Sun_Tzu-"] Yeah, look at their situation - no debt crisis. -Sun_Tzu-

Faced with balancing aggressive spending plans on a mountain of debt, Japan's government said it would cut overall planned bond issuance in the coming fiscal year.

[QUOTE="Mafiree"][QUOTE="KC_Hokie"]Exactly what the Greeks said up until a few years ago. KC_Hokie

I think Hokie might want to retake Econ again.DroidPhysX