pa2a.org


Share Thread:  
SHOCK: ECONOMY SHRINKS mmm mmm mmm
#1
SURPRISED ???????
Who in their right FREAKING mind is SURPRISED ?

http://www.cnbc.com/id/100419252

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus.

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles.

The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter.

The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January and looming spending cuts.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
Reply
#2
Not if but when
The Second Amendment does not GIVE us the right. It tells the gov they can not infringe our right.
[Image: s2b0iw.jpg]
Reply
#3
fOcused like a laser......on the destruction.

The election is over, the don't have to lie anymore.....PRAVDA on steroids.
"In 4 more OMao years you won't like how America looks....I guarantee it."
“When injustice becomes law, resistance becomes duty.” -- Thomas Jefferson
Reply
#4
Republicans fault, they say.
Vampire pig man since September 2012
Reply
#5
The funny thing is that most people think the stock market IS the economy, and since the DOW is only 200 points away from its 2007 record high, "Happy days are here again."
...
Reply
#6
Obama was blaming Hurricane Sandy and spending cuts. I guess blaming Bush is all played out!!

http://news.yahoo.com/blogs/ticket/white...itics.html
NRA Life Member, NRA Certified Instructor:  HFS, Pistol, Rifle, PPIH,PPOH
Suarez Combat Arms Instructor School
Admit nothing.  Deny everything. Demand proof.
If we lie to the government, it's a crime. If the government lies to the people, it's called politics.
Paying for welfare is slavery.
Reply
#7
One thing I heard, which wasn't really debated against properly was the position that, Yes, the GDP fell. It fell because we wanted it to and it fell for the reasons we wanted it to. Look at where the actual shrinking was. It wasn't in the private sector, it was in the Government sector. The private sector saw growth, as small as it was, however the Government saw reduction which outweighed the growth in the private sector. +1% Private sector growth, -2% Government growth results in what? -1%. Technically, if the Government shrinks, this is the result and it isn't indicative of a shrinking private sector or economy.
"As I lay rubber down the street I pray for traction I can keep, but if I spin and begin to slide, please dear God, protect my sweet ride."
Reply






Possibly Related Threads...
Thread Author Replies Views Last Post
  NSA Spying Now Damaging American Tech Economy ArcticSplash 2 779 03-25-2014, 05:45 AM
Last Post: halftrack
  Big Obamacare Shock May Come at Tax Time nomad 14 1,857 01-06-2014, 10:06 PM
Last Post: RugerGirl
  Students suffer ObamaCare sticker shock as premiums soar, plans get cut Philadelphia Patriot 5 946 11-19-2013, 07:37 AM
Last Post: spblademaker
  Coming in January: Obamacare rate shock part two Philadelphia Patriot 5 990 11-14-2013, 03:06 PM
Last Post: Mikelets456
  Obama: Economy 'Better Off' with More Govt Workers Pocketprotector 7 895 08-01-2013, 08:16 PM
Last Post: MrPeanut



Users browsing this thread: 1 Guest(s)

Software by MyBB, © 2002-2015 MyBB Group.
Template by Modogodo Design.