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Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:54:06 in Business

“Actually Obama has been cleaning up stats at great expense to him.

For example BUSH unemployment numbers were based on 5% fewer people being in the workforce than under Clinton..L­OL.

BUSH admin overstated household employment numbers, for years. Obama Admin corrected that in parts such that even though we had the lowest job lose per month in years we had a huge increase in the unemployed.

Its bad enough that they destroyed the economy... but now the next guy looks worse as they clean up the numbers and try to be honest..


Regards”

Weathermaker replied on Nov 25, 2009 at 03:17:45

“Well... let's not get into the birth/death model. Next February we'll revise the unemployed by what... 800k souls down?

I want a roaring economy, but at this point I'm wondering not only if the government is lying to us, but to itself... which can be at the origin of some of their unfortunate actions... see C4C, for example.”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:47:14 in Business

“47% of our GDP was government spending over the last 30 years on average...­how can you subtract out almost half the economy...


The stimuliu was estimated by economist to add 2% to the GDP.. so its still positve by .7%.

On one hand we have people saying no benefit and on the other hand its positive because the stimulus did work andthats cheating.


Regards”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:42:59 in Business

“What and close our lavish foriegn bases all over the world so our generals have now where to play golf and vacation "on Business".


regards”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:37:56 in Business

“yes I'm sure happy that the 3rd parties gave us Bush instead of Gore...

Regards”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:33:54 in Business

“You set the business on fire and burned it down... now you complain about the cost to rebuild it and that people are out of work because you burned down the business..

Man up and accept the responsibility Repugeconomics outsourced 80% of our industry..­. You cant be a consummer society losing one trillion in wealth thru trade deficits every year and not collapse.

And the changes required to turn us around is playing the game the way those now loaning us the money play the game.... all socialist and communist countries by the way///and you will not do that.. its adapt or lose...

Regards”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:26:15 in Business

“Cut taxes during recession and people save out of fear. Remember we had in2008 the Bush tax cut stimulus that was going to prevent the depression?

And if they do spend, well repugs outsourced our industry .. so what people buy is not made here and most of the simuli flows to the country that makes the goods (85%).

Pls note the Bush tax cuts did not produce a single net private sector job in 8 years, just devalued the dollar by 50% as deficts climbed.

The world changed and you keep expousing stuff that was somewhat true pre 1980 world.

Clinton increased taxes, paid down debt, strengthened the dollar and 22 million jobs were created...

Then Bush shipped the high tech jobs to india... game , set, match and replaced that with huge government spending and a credit bubble such that 14% of the economy went POOF andis not coming back! unless we change back to a producer economy. Everyone concentrates on budget deficts.. whenit the trade deficts which are a permanent loss of welath and cuase the budget deficts (along with unpaid wars/tax cuts and etc


Regards”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:18:14 in Business

“When the stimulus runs out, yes we are likely to see the result of repug economics re appear as in 4th QTR 2008.. the outsourcing of 80% of our industry, 50% devaluation of the dollar, no private sector jobs created in 8 years, 7.5 million MFG jobs lost, real wage declines of 18%. and like under reagan a tripling of the national debt.

And you will want more of the same policies that destroyed our economy.

regards”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:12:02 in Business

“Funny , we outsourced 80%of our capitalism that actually creates things to communist countries.­..

No its called laisez-faire capitalism and it always has failed just like communism.

Regards”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:10:03 in Business

“There is no demand.. so small business dont need to borrow to expand. Business has at least 20% excess capacity.


The governnment needs to create demand via infrastructure building and building solar and wind farms that can then be privitized after construction, built under Buy America mandates . By increasing import tarrifs and making us more competative with single payer healthcare, VAT tax rebates on exports, national industrializtion policies, build it here to sell it here policies like all of ASIA... this is how the rest of the world we now have to borrow from plays the game... adapt or lose.

Regards”

jsarets replied on Nov 25, 2009 at 03:39:45

“Small business doesn't just need capital to expand, but also to improve.

Businesses need capital to decrease their demand for energy and materials.

Small businesses need capital to reach new customers over the internet.

I agree on the VAT with export rebate. Eliminate the anti-labor payroll tax!

I disagree on the large-scale solar/wind.

I support:

Mandatory net-metering.

Treasury loans to finance on-site electricity production.

An excise on fossil carbon to fund a subsidy on energy.

The latter will promote investment in low-carbon energy.”
Third-Quarter GDP Number Revised Down

Third-Quarter GDP Number Revised Down

Commented Nov 25, 2009 at 02:04:54 in Business

“All three last QTRs Bush was in the WH,GDP was off by 50%... as much as 2 percentage points..

Regards”

Weathermaker replied on Nov 25, 2009 at 02:47:59

“Hi Viper, I wasn't trying to blame this administration, but our federal government in general, regardless who was in power. Like George Carlin said: "If it suits them, they will lie!"

Best wishes and happy thanksgiving!”
Palin Univision Interview Was Cancelled Because She Was Uninformed On Hispanic Issues: McCain Adviser

Palin Univision Interview Was Cancelled Because She Was Uninformed On Hispanic Issues: McCain Adviser

Commented Nov 25, 2009 at 01:52:54 in Politics

“They should have just given here a hotel room in El Paso for a week where she could see Mexico from her room window, I'm sure she would have then been prepared.


regards”

hemara replied on Nov 25, 2009 at 04:00:34

“LOL and she's probably driven past a hospital so Health Care is sorted.

The Economy "You think we don't have Monopoly in Alaska? You betcha we do..."

She's really shaping up!”
Palin Univision Interview Was Cancelled Because She Was Uninformed On Hispanic Issues: McCain Adviser

Palin Univision Interview Was Cancelled Because She Was Uninformed On Hispanic Issues: McCain Adviser

Commented Nov 25, 2009 at 01:50:50 in Politics

“Speak for yourself.. or as one person said its like some one rubbing broken glass in my ears...

Regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 01:46:18 in Politics

“If you told the generals that we are going to pay for this by taking it out of your budgets elsewhere like closing down your foreign bases with the golf courses and 4 star dining and Generals quest mansions over europe/Japan/Asia ... watch the need for this war go away.

And put a 3 years ban after retirement of high ranking officers getting jobs in the defense industry.. watch the reaction. And pls note the defense contractors give the military brass years of service credit immediately into their pensions plans, noting this is cost plus.. so we pay the cost of that gift plus ten percent and the cost of their military pension. This results in retirment income very quickly of two to 3 times their highest pay as a general.) And of course its a kick back for going along with the defense contractors best interest while in the military. By the way most of the time.. its a job they never seem to have to show up for...

Regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 01:33:14 in Politics

“First I want to us...

But the miltary leaders were neve correct in Voet nam.. just need a few more thousand troops and 12 more months...

The politicans were never right about being there.


WE LOST
The result of all that loss of life and waste of money was that we tried to prevent what, that today we buy Columbia Sportswear made in Communist Vietnam !


regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 01:28:38 in Politics

“There is no profit in war! There is short term gains for the few and the ultimate loss for many.


regards”

blrpalms replied on Nov 25, 2009 at 01:52:43

“ask Blackwater how much profits they have made.

Oh yeah, WAR is big BUSINESS”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 00:30:58 in Politics

“And IBM has now outsourced 80% of its workforce.­..

And Tom Delay fought to exempt ALL our labor laws and wages from being in Samoa for years along with his protection of white sex slave labor and forced abortions.

Just maybe living stds in Samoa are such that a $7 min wage there would not make any more sense than in Vitenam!!! at this time.

Bet repugs supported that ...

Regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 00:24:57 in Politics

“We should note that Kenndey and Johnson and even Nixon took the advise of their generals in Vietnam.

80 advisors turned into hundreds, then thousands of troops that turned into tens of thousands and then hundreds of thousands (500k) and then expanded into 3 surrounding countries with more explosives being used then by all sides in WW2. 3 million deaths.

Each time it was more expansion and a few more troops, another year and it will be over....

WE LOST. The disiaster we were told would happen turned out that today we have to buy Columbian Sportswear made in Communist Vietnam... thats what millions died for trying to prevent and a trillion or so was spent on trying to prevent! Of course the side benefit is that we have very good Vietnam restaurants in the U.S. now.

Regards”

KarenHurtz replied on Nov 25, 2009 at 00:32:28

“Sure, it's like going in to get a haircut, but instead just asking my hair stylist what if recommends. The next thing you know, I'd have a hot oil treatment, a haircut and a perm too. And before I got out of there I'd have some fancy shampoo and conditioner to take with me. That's what she does - what do you think she's going to say?”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 00:17:11 in Politics

“You sell ad space to google.. then google based on key words in a web page places ads dynamically that relate to the topic.

regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 00:11:54 in Politics

“Thats issuing more debt .. no diiferent that the 40 billion we borrow now each week... Thats not paying for anything..­. Duh!

Thats more borrow and spend! And living the kids not killed in your wars, to pay for them in their future.

Brain dead a repug condition.

Regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 00:10:09 in Politics

“Funny, we raised taxes to fund WW2. and all pother wars .. Unfortunately when your country is borrowing 40 billion a week or more.. selling war bonds will not work.. 80% of americans have no networth..­. what would they buy the bonds with.

And by the way thats not paying for a war, thats issuing more debt... no different than selling debt to China! Eh Gads... the repug solution..­dont pay borrow and pass the debt to the next generation­..

Stop thinking you can have a miltary 20 times larger than any one elses and 700 foreign bases and not pay taxes.. or support that after outsourcing every industry we once had.. appliance, clothing, computers, ship building, autos, consummer electronics and etc..


regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 25, 2009 at 00:03:32 in Politics

“Just remember that repug deficits have caused the dollar to be signficantly devalued.. so that 212,000 is closer to 800K today in buying power.

Very high tax rates shouild began at one million family income with increases to Clinton tax rates from 250K and up and work their way upto 70% and inheritence taxes after a six million exemption.­. we dont need more BUsh dynasties.­. let them make it on their own..

Regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 24, 2009 at 23:55:09 in Politics

“trust me the whole country is paying... and will be until we undo 30 years of repug policies..­.

Unfortunat­ely.. there are too many that think more of the same will solve the problem..

Regards”
Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Pelosi Sees Unrest Among Dems: 'Can We Afford This War?'

Commented Nov 24, 2009 at 23:53:10 in Politics

“NO we cant. We sent our jobs to india.. they have a standing army of over 3 million... hand it off to them.. they are next door. Their concern s/b more than ours anyway.

No we cant. We sent our jobs to China.. they have a standing army of ten million... hand it off to them, they are practically next door and should be more concerned than us....

Of course Russia had interest there and wanted to quash radical islam ... but we created the Taliban and Al Qeada to fight them... which in ten years beat 250K Russian troops...

No we cant, we have already wasted ultimately 3 trillion in Iraq and china got the oil.

Regards”
Insurance Industry Antitrust Fight Headed To Conference Committee

Insurance Industry Antitrust Fight Headed To Conference Committee

Commented Nov 24, 2009 at 23:42:58 in Politics

“The reality is that the insurance industry is a taxpayer subsidized industry.

They collect your premiums until you cost them money... then that cost is quickly unloaded to the taxpayers in free walkin hospital treatments and medicaid..­. ultimately food stamps/ unemployment and etc.. , insurance for the kids of sick parents.

Then there is the cost of the milions of jobs we are losing to countries with single payer healthcare­...

Regards”
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