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Originally posted by pluckynoonez
The Democratic Party takes all of the blame for liberal lies, they are Godless and treasoness.
Kittens do poop, as they do age.
Originally posted by Blacknapkins
Edit: If there isn't a Conspiracy behind our economics over the past 30 years, then it is the single largest, disgusting, mismanagement of funds i've ever seen. At both the individual and governmental level of things. The stage has been set for hyper-inflation, and i pray to god that it doesn't come about...
[edit on 1-9-2008 by Blacknapkins]
Originally posted by wutone
Originally posted by Blacknapkins
Edit: If there isn't a Conspiracy behind our economics over the past 30 years, then it is the single largest, disgusting, mismanagement of funds i've ever seen. At both the individual and governmental level of things. The stage has been set for hyper-inflation, and i pray to god that it doesn't come about...
[edit on 1-9-2008 by Blacknapkins]
Totally true.
This situation is beyond politics. There has been a huge amount of passing along responsibilities in all levels of American, and now global life. The amount of moral hazards that permeate through the economy are huge.
The entire global economy is in grave danger and this isn't primarily Bush's fault even though it is hip to blame anything wrong in the world on Bush. The credit crisis that is occurring is part of the publicly unknown or unspoken greed and corruption bubble that has been allowed to inflate for 30 years.
Originally posted by jamie83
You know, the quality of ATS has really taken a turn for the worse.
It used to be members actually would post sources of information, or data, to support or refute somebody's theories.
Now I get accused for "baiting" because I post real data that counters the liberal religious belief that the U.S. is in a recession when in fact the U.S. economy is on track to GROW at 3.3% this year.
Income is growing. Production is growing. Savings is growing. Retail sales is growing. Tax revenues are growing. And this is in spite of oil prices doubling and gas costing almost $4 a gallon.
There is no conspiracy by the Federal Reserve to doctor the numbers. They are real. Every investment bank uses this data in their daily business.
Perhaps rather than make posts parroting Democratic talking points about how we are in a recession one might actually provide sources or evidence to counter my claim that we are not.
Good luck with that.
Originally posted by marg6043
reply to post by KaginD
The problem with government figures is that the government will play with the basic GDP formula to make it more appealing to the numbers they want to show, many often completely disregarding that our nation is losing jobs at an alarming rate.
Growth is measure now no on cash spend in goods but credit card that are actually debt.
Here in my neck of the woods we are 1 of the top 10 states with foreclosures highest rates.
The state sponsored housing list per county of has gotten so long that they are not longer adding more names.
Meanwhile very soon the question of where the homeless will be living is becoming a very ugly issue and nobody wants to take or make any decisions.
But is ok, is all lies and America is doing great.
Meanwhile houses are sitting empty after foreclosures, with another big problem, vandalism.
Originally posted by iamcamouflage
Are you merely posting economic data or do you have the education to interpret it? Have you taken any economic classes or do you have a degree in economics? I'm not trying to insult you but economics is more than just reading graphs. It is a very complex subject that has to be looked at by applying many variables not just looking at a collective group of graphs. This is a serious question not meant to be an insult. There is a reason that the federal reserve chairman is always an accomplished economist. You cant just look at graphs and say things are great or things are bad. Thats just not how it works.
Originally posted by TheOracle
Such numbers are relative. Economies are always or most of the time growing even when they are doing badly. Your numbers do not take count of inflation over the years. Inflation does hurt economic growth.
Good example is Zimbabwe, their economy is in shatter because of astronomical inflation but their govt can say that they are actually producing more by showing selected numbers, same numbers you base your claims upon. If you want sources there are plenty in Google or ask anyone with some economic background.
Originally posted by marg6043
reply to post by maybereal11
Another thing it also do not take into consideration the billions in stimulus checks to help boost the economy.
The third quarter is not looking very peachy as the unemployment ratio is higher and consumer spending has slow down as the stimulus checks dry out.
For example, a recession is a very simple concept. A recession is defined as two consecutive quarters of economic contraction, as opposed to economic growth.
Originally posted by jamie83
Originally posted by iamcamouflage
Are you merely posting economic data or do you have the education to interpret it? Have you taken any economic classes or do you have a degree in economics? I'm not trying to insult you but economics is more than just reading graphs. It is a very complex subject that has to be looked at by applying many variables not just looking at a collective group of graphs. This is a serious question not meant to be an insult. There is a reason that the federal reserve chairman is always an accomplished economist. You cant just look at graphs and say things are great or things are bad. Thats just not how it works.
I have two engineering majors, a minor in economics, and I work in the private equity industry. Yes, I can read economic data, and yes, some things really are simple.
For example, a recession is a very simple concept. A recession is defined as two consecutive quarters of economic contraction, as opposed to economic growth.
The standard measurement of economic growth is GDP. GDP is increasing at an annual rate of 3.3% based on the 2nd quarter June 30, 2008 figures.
Thus, there is no recession.
Why not post the same question to some of the obviously less educated members who do nothing but rattle off the now defunct Air America talking points claiming the U.S. is in the worst recession in history?