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Kool-Aid, oh yeah! - 2/28/2014 6:14:20 AM

Yachtie

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Okay, so some of you here are believing that there is a recovery, that people are doing better, that jobs are increasing, the FED's policies are necessary and have done wonders (better had more $$ been spent), or to put it in words you can appreciate... OBAMA.

Well, the numbers are out. Now, screw all of you who point to the messenger. I await the [mod edit to remove prohibited word].

The numbers are the numbers, and they're government's (BEA) so fuck off and die if you can't actually look at them.

"So much for that blow out initial estimate of Q4 GDP that had annualized GDP at 3.2%. One month later and the number has been cut by 25% to 2.4% following a substantial downward revision to Personal Consumption, which dropped from 3.3% to 2.6%, well below the 2.9% expected."

"And now, we await for the downward Q1 GDP revisions as sellside economists realize the US consumer was not nearly as strong as had been initially expected."

How's the recovery doing for you? Kool-Aid tasting good?

Do you have any idea just how damaging the ACA is to consumer weakness?

< Message edited by VideoAdminChi -- 2/28/2014 7:23:10 AM >

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RE: Kool-Aid, oh yeah! - 2/28/2014 7:47:26 AM

Owner59

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The President oversaw the doubling of the stock market and the S&P just hit an all time high as well.

Why you mad bro?

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RE: Kool-Aid, oh yeah! - 2/28/2014 7:59:10 AM

mnottertail

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You dont have any idea how damaging ACA is to consumer weakness, Yachtie (not that the sentence makes sense). You have no causal effect in these reports.

The freemarketing international communist nutsackers have us at about 70% economy based solely on consumerism. Nobody wants to buy the shit. What's the problem? The market is deciding.

We have yet to understand what the nutsackers are doing FOR our economy.

"The American people are concerned about our economy, they are concerned about jobs," Boehner said.
"I'm going to stay focused on jobs," he added.
John Boehner- May 10, 2012
"Americans are again left asking the question 'where are the jobs?'
"Republicans have pledged to listen. We've pledged to act, and we have," the speaker says.
John Boehner- June 14, 2012

So, America is forging ahead with the nutsackers in tow, dragging us down, near as I can tell.

Kool-aid stocks are up because of the gulping of it by the nutsackers.

< Message edited by mnottertail -- 2/28/2014 8:02:06 AM >

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RE: Kool-Aid, oh yeah! - 2/28/2014 8:06:50 AM

Lucylastic

Posts: 40310
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from the LA times
WASHINGTON -- Fourth-quarter economic growth was revised down sharply Friday to 2.4% as new data showed consumers opened their wallets less in the face of severe weather and businesses sold fewer goods abroad than initially estimated.
The new figures indicate the recovery had less momentum heading into the new year and add to concerns that recent lackluster economic data could signal even weaker growth in the first quarter.
Last month, the Commerce Department estimated total economic output, known as gross domestic product, expanded at a 3.2% annual rate in the final three months of last year.
PHOTOS: Federal Reserve chairs through the years
The new figure released Friday was in line with economists' expectations for the scheduled revision, which is based on updated data.
Growth at the end of the year fell off from a strong 4.1% annual rate in the July-through-September period and was the slowest pace since the first quarter of 2013.
Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi in New York, noted that the growth slipped below the 3% level many believe will provide "escape velocity" for the recovery.
"The economy had it and now has lost it," he said.
"The first quarter is unlikely be anything to write home about, although the colder-than-seasonal weather will generate some growth from consumers turning up the thermostats in their homes," Rupkey said.
Consumer spending grew at a 2.6% annual rate in the fourth quarter, down from the government's initial 3.3% estimate.
Still, the figure was an improvement over 2% annual growth in the third quarter and the best consumer performance since the first quarter of 2012.
Exports of goods and services grew at a 9.4% annual pace in the fourth quarter, which was down from an 11.4% initial estimate. The revised export data still were strong, increasing at the fastest pace in three years.
Business investment was revised up to a 4.5% annual rate in the fourth quarter from the initial estimate of 3.4%. But it still was down dramatically from a 17.2% increase in the third quarter.
Federal Reserve Chairwoman Janet L. Yellen told senators Thursday that extreme weather in much of the country could be causing recent weaker economic data.
She indicarted that Fed officials could reconsider their recent pullback in stimulus efforts once they determine the weather effects.
ALSO:

http://www.latimes.com/business/money/la-fi-mo-gdp-fourth-quarter-economy-20140228,0,4231134.story#ixzz2udK9hha3
wot no mention of the ACA or the million people who lost unemployment benefits?
this first quarter will be a bummer for many of the same reasons...

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(in reply to mnottertail)

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RE: Kool-Aid, oh yeah! - 2/28/2014 8:21:05 AM

Owner59

Posts: 17033
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From: Dirty Jersey
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The intellectual cowards are constantly claiming that the President has run trillion dollar deficits every year....

"There are still quite a few politicians who claim, just a matter of course, that in the Obama era, the United States runs “a trillion-dollar deficit every year.” It’s clearly time for them to update their talking points."

Kool-aid oh yeah?

Great thread yachtie,there is a whole lotta kool-aid drinking to go over......lol......but you`re not going to like it.....

http://www.msnbc.com/rachel-maddow-show/the-incredible-shrinking-deficit

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RE: Kool-Aid, oh yeah! - 2/28/2014 11:45:44 AM

subrob1967

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Wait a minute, I thought the obstructionist Tea Party Congress Fellers were to blame for all of Obama's ills. Wouldn't it be fair to say that their obstructionists are to blame for the drop in the deficit as well?

Sorry guys you can't have it both ways, no matter how much Kool-aid you ingest. Either Congress is to blame for doing nothing, or Congress gets the credit for doing nothing.

p.s. Owner, show us where anyone said that Obama has run trillion dollar deficits, you do know there is a difference between deficit and debt, right?

< Message edited by subrob1967 -- 2/28/2014 11:46:14 AM >

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RE: Kool-Aid, oh yeah! - 2/28/2014 11:50:21 AM

mnottertail

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No, it wouldnt, remember they are borrowing and spending like the wholesale fucksticks they are, but at less interest (not from the nutsacker administrations) and cheaper cuz we aint fighting nutsacker wars (also not from nutsacker adminstrations)

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RE: Kool-Aid, oh yeah! - 2/28/2014 11:59:03 AM

Owner59

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Rob misses those billion dollar no-bid contracts.......

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"As for our common defense, we reject as false the choice between our safety and our ideals"

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Post #: 8

RE: Kool-Aid, oh yeah! - 2/28/2014 1:37:04 PM

papassion

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If Obama is reducing the deficit as the kool aid drinkers say, why did we just INCREASE the nation's credit limit? You guys do understand that 18 trillion is a bigger number than, say 14 trillion?

(in reply to Owner59)

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RE: Kool-Aid, oh yeah! - 2/28/2014 1:39:12 PM

mnottertail

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Well, lets be clear...it is a nutsacker house, and they did it, the reason is......well you would have to understand budgets (and there isn't one) and deficits and debt, and how they are all related but different, and that aint gonna ever happen.

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RE: Kool-Aid, oh yeah! - 2/28/2014 3:00:14 PM

DesideriScuri

Posts: 12225
Joined: 1/18/2012
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quote:

ORIGINAL: papassion
If Obama is reducing the deficit as the kool aid drinkers say, why did we just INCREASE the nation's credit limit? You guys do understand that 18 trillion is a bigger number than, say 14 trillion?

The deficit is still there. Reducing the deficit can mean that we aren't overspending as much.

$-800B is less than $-1T, right?

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RE: Kool-Aid, oh yeah! - 2/28/2014 3:02:21 PM

mnottertail

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And it can also mean that the Bush tax cuts expired, therefore we are taking in more revenue, RIGHT?

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Have they not divided the prey; to every man a damsel or two? Judges 5:30

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RE: Kool-Aid, oh yeah! - 2/28/2014 3:52:25 PM

Hillwilliam

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So it's Obama's fault that things aren't improving as quickly as originally thought?

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RE: Kool-Aid, oh yeah! - 2/28/2014 4:19:05 PM

Lucylastic

Posts: 40310
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its obamas fault things were so bad
so yeah:) of course it is.
and will be until the end of time

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Post #: 14

RE: Kool-Aid, oh yeah! - 2/28/2014 4:42:44 PM

deathtothepixies

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Joined: 2/19/2012
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quote:

ORIGINAL: DesideriScuri

quote:

ORIGINAL: papassion
If Obama is reducing the deficit as the kool aid drinkers say, why did we just INCREASE the nation's credit limit? You guys do understand that 18 trillion is a bigger number than, say 14 trillion?

The deficit is still there. Reducing the deficit can mean that we aren't overspending as much.

$-800B is less than $-1T, right?

woah woah, that's way too complicated DS, you're gonna have to dumb it way down for papa. Maybe start with one of those vids where you have 5 apples etc

(in reply to DesideriScuri)

Post #: 15

RE: Kool-Aid, oh yeah! - 2/28/2014 9:40:32 PM

graceadieu

Posts: 1518
Joined: 3/20/2008
From: Maryland
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quote:

ORIGINAL: Yachtie

Do you have any idea just how damaging the ACA is to consumer weakness?

"Damaging weakness" (improving health) is kinda the point of healthcare, isn't it?

(in reply to Yachtie)

Post #: 16

RE: Kool-Aid, oh yeah! - 2/28/2014 9:45:38 PM

graceadieu

Posts: 1518
Joined: 3/20/2008
From: Maryland
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quote:

ORIGINAL: papassion

If Obama is reducing the deficit as the kool aid drinkers say, why did we just INCREASE the nation's credit limit? You guys do understand that 18 trillion is a bigger number than, say 14 trillion?

Because our debt is growing? Debt and deficit are not the same thing. Deficit when we don't make enough tax revenue to pay for our spending. We make up for that shortfall by borrowing money. That borrowing adds to the debt. When we say the deficit is reducing, what it means is that we're borrowing less money each year.

(in reply to papassion)

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RE: Kool-Aid, oh yeah! - 2/28/2014 10:09:08 PM

MrRodgers

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quote:

ORIGINAL: papassion

If Obama is reducing the deficit as the kool aid drinkers say, why did we just INCREASE the nation's credit limit? You guys do understand that 18 trillion is a bigger number than, say 14 trillion?

The deficit is year to year which has been reduced from W's last of $1.4 trillion to the current approx. $600 billion BY Obama and the debt is the accumulation of total debt the mountain of which has been built predominantly by repubs since Reagan who by percentage...increased the federal debt the most of all, 500% from $1 trillion to $5 trillion.

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RE: Kool-Aid, oh yeah! - 2/28/2014 10:14:17 PM

MrRodgers

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quote:

ORIGINAL: mnottertail

And it can also mean that the Bush tax cuts expired, therefore we are taking in more revenue, RIGHT?

.....except you do know of course, the repubs didn't let that happen. It wasn't until the very last repub extortion attempt that they suffered the ignominy of the Tpartiers that the top rate went to 39 something percent.

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RE: Kool-Aid, oh yeah! - 3/1/2014 12:38:08 AM

joether

Posts: 5195
Joined: 7/24/2005
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quote:

ORIGINAL: MrRodgers

quote:

ORIGINAL: mnottertail
And it can also mean that the Bush tax cuts expired, therefore we are taking in more revenue, RIGHT?

.....except you do know of course, the repubs didn't let that happen. It wasn't until the very last repub extortion attempt that they suffered the ignominy of the Tpartiers that the top rate went to 39 something percent.

The point is, this nation should have NEVER allowed those tax cuts to take place to begin with, way back then! The Republicans believed they could bully Democrats using budget cuts on the Democrat's 'sacred cows' while the Republicans not only stayed safe, but grew. An the Democrats simply said 'go to hell' back to the Republicans. Within the first year in office, former President Bush turned a budget surplus from the last few years of the Clinton administration into the start of a growing deficit. Each year Mr. Bush was in office, that deficit grew. And it was added to the existing debt each year. Plus that $4 trillion war in Iraq paid with borrowed money didn't help the nation. Did we find any of those 'massive stockpiles' of 'WMD's'?

When Mr. Bush left office, the nation's economy was wrecked, the deficit was out of control, and the debt was rising sharply. To which I have always asked "Where was all the fiscal conservatives"? The answer: to busy spending like hogs in Iraq!

But this is only one component of the whole history of financial and economic problems this nation was facing and still is today. Its by no means the whole problem. An that is the mistake many conservatives keep making. That if this is solved, *POOF* everything is solved.

For this problem in particular, budget cuts are made, and taxes raised. I do not like it anymore than anyone else. We can take these two steps now and deal with things like adults; or wait a few years until its simply at the alarming level, budget cuts are further taken, and taxes raised MUCH higher. Think the economy is bad now? Wait until that future alarming time, and you'll get to see what a *REAL* recession looks like.

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Post #: 20

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