CNBC - USA Q2 GDP Growth Down to 1.5% - Obama Won't Be Bragging About It

First quarter GDP was revised to 2%.

Q2 GDP is 1.5%.

- CNBC - USA GDP Q2 1.5% -

We are going the wrong way. The USA is on the wrong track. We have the wrong

guy in the White House. Only a capitalist like President Mitt Romney can lead us

out of this economic malaise.

Todays Rasmussen Poll has Romney up by 5% !

Daily Presidential Tracking Poll:

Romney 49%

Obama 44%

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Fear of the Fiscal Cliff has the American people hunkering down.

With GDP growth this slow it's likely that the unemployment rate will rise again.

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I guess it's time for another - Socialist Rant - from Obama.

What you guys need (and any failing capitalist nation.. IMO) is REAL socialist reform. Not socialism.. SOCIALIST REFORM.

Obama sucks and is doing nothing but aiding in dragging your country down to hell. Him and David Cameron should both be taken out the back and.. 'insert word here'

Originally posted by TechUnique
What you guys need (and any failing capitalist nation.. IMO) is REAL socialist reform. Not socialism.. SOCIALIST REFORM.

Obama sucks and is doing nothing but aiding in dragging your country down to hell. Him and David Cameron should both be taken out the back and.. 'insert word here'

America will be taking a positive turn on November 6, 2012.

The polling data is turning on Obama.

The US economy is dragging him down. He can't run on his terrible record.

Obama is clearly a 1 term president.

Well I for one would be happy to take %1.5 percent growth over what is happening in Europe right now.

Not bad for the economic climate we are in.

Romney may be good at buisness, but this is America Inc., or USA Corp.

Its a country, not a buisness or corporation. You can't just come in and lay people off then sell it to China.

Big difference.

Originally posted by ErEhWoN
Well I for one would be happy to take %1.5 percent growth over what is happening in Europe right now.

Not bad for the economic climate we are in.

Romney may be good at buisness, but this is America Inc., or USA Corp.

Its a country, not a buisness or corporation. You can't just come in and lay people off then sell it to China.

Big difference.

This is only the start of a very, very slippery downfall. Europe is just a few more pages along in the capitalist manifesto.

Originally posted by Eurisko2012
First quarter GDP was revised to 2%.

Q2 GDP is 1.5%.

- CNBC - USA GDP Q2 1.5% -

We are going the wrong way. The USA is on the wrong track. We have the wrong

guy in the White House. Only a capitalist like President Mitt Romney can lead us

out of this economic malaise.

Todays Rasmussen Poll has Romney up by 5% !

Daily Presidential Tracking Poll:

Romney 49%

Obama 44%

----------

Fear of the Fiscal Cliff has the American people hunkering down.

With GDP growth this slow it's likely that the unemployment rate will rise again.

---------
I guess it's time for another - Socialist Rant - from Obama.

edit on 27-7-2012 by Eurisko2012 because: (no reason given)

edit on 27-7-2012 by Eurisko2012 because: (no reason given)

You overlooked the fact that it was a capitalist that started this mess in the first place. Giving out tax breaks and starting two wars was a very stupid thing to do. It's not like Obama walked into office while everything was running great he inherited a lot of this mess.

Originally posted by ErEhWoN
Well I for one would be happy to take %1.5 percent growth over what is happening in Europe right now.

Not bad for the economic climate we are in.

Romney may be good at buisness, but this is America Inc., or USA Corp.

Its a country, not a buisness or corporation. You can't just come in and lay people off then sell it to China.

Big difference.

In addition to growing the GDP to 5%, we need to disarm the $16 Trillion debt bomb.

Interest rates are very low right now but that will change.

Inflation is already here. We are just hiding behind bogus numbers right now

in order to postpone the pain until after the election.

Originally posted by TechUnique
What you guys need (and any failing capitalist nation.. IMO) is REAL socialist reform. Not socialism.. SOCIALIST REFORM.

Obama sucks and is doing nothing but aiding in dragging your country down to hell. Him and David Cameron should both be taken out the back and.. 'insert word here'

Obama can't do it all on his own. When you have the GOP that is willing to let America to go to hell just so they can try to get their new tool in office just shows you what kind of government America has.

reply to post by buster2010


The United States is an economic superpower because of capitalism.

We are still the envy of the world.

4 short years of transformation didn't change that.

reply to post by Eurisko2012



Britain doesn't envy the United States LOL.
No offence but we just don't. Lmao. We aren't the only nation either. Economically I can kind of see what you mean but socially and politically no.

Originally posted by TechUnique
reply to post by Eurisko2012

 

Britain doesn't envy the United States LOL.
No offence but we just don't. Lmao. We aren't the only nation either. Economically I can kind of see what you mean but socially and politically no.

I heard that the UK has entered another recession.

I remember seeing teenagers looting stores in Great Britain. Overtaxed ???

Where is the growth in the UK?

Good luck with the Olympics.

Originally posted by Eurisko2012

America will be taking a positive turn on November 6, 2012.

If you mean by electing Romney, you may be in for a surprise. Low unemployment is not desired by business as it drives up costs due to demands for higher wages and benefits. It's more profitable to increase the current workload carried by employees than increase the employed.

Remember the 90s when we had low unemployment. Companies use to give employees finder fees for bringing in qualified friends for jobs. Companies actually had to compete for the best employees. Employees demanded increased benefits. Employees even demanded to be paid for overtime work or they would find another job. You really think the pro business people like Romney want to go back to that?

Originally posted by Kaploink

Originally posted by Eurisko2012

America will be taking a positive turn on November 6, 2012.

If you mean by electing Romney, you may be in for a surprise. Low unemployment is not desired by business as it drives up costs due to demands for higher wages and benefits. It's more profitable to increase the current workload carried by employees than increase the employed.

Remember the 90s when we had low unemployment. Companies use to give employees finder fees for bringing in qualified friends for jobs. Companies actually had to compete for the best employees. Employees demanded increased benefits. Employees even demanded to be paid for overtime work or they would find another job. You really think the pro business people like Romney want to go back to that?

edit on 27-7-2012 by Kaploink because: meh

Pro business people want a 5% GDP and an unemployment number around 4%.

That sounds a lot better than the Obama - stagnation -.

Originally posted by Eurisko2012
First quarter GDP was revised to 2%.

Q2 GDP is 1.5%.

- CNBC - USA GDP Q2 1.5% -

We are going the wrong way. The USA is on the wrong track. We have the wrong

guy in the White House. Only a capitalist like President Mitt Romney can lead us

No...We WERE on the wrong track and WERE going the wrong way and the last GOP "Capitalist" in the White House had us at NEGATIVE 8.9% GDP growth.

I know reality hurts..but all the same that is the reality...



It is also worth noting the two times the econmoy has faultered in it's recovery was (1) During the GOPs threat and hostage taking over raising the debt limit and (2) With the possibility of Mitt Romney getting elected...the GOP scares actual real life consumers and businesses to death.

There will be a climb in Job Growth and GDP once the fear of having another Pres. Bush in office passes.

edit on 27-7-2012 by Indigo5 because: (no reason given)

reply to post by Eurisko2012


You might also note the only time we have had negative GDP growth was under Reagan, Bush Senior and Bush Junior...but let's go ahead and give trickle-down and deregulation another try...

Reagan (81-88)
Bush Sr (89-92)
Bush Jr (2001-2008) TWICE!

With a Romney Administration we will see war with Iran, war with Syria, war with Russia and which will then probably be followed closely behind by ww3 and the death of America. Only an idiot would let that psychopath anywhere near the office of POTUS.

reply to post by Indigo5


That's a cute little chart you have but it's not good enough.

We need 5% GDP at a minimum.

Obama stagnation is making us look like Cuba.

We need to start looking like Reagan 1985.

We need to put Americans back to work. The Obama womb to the tomb groceries

master plan is depressing.

Small business will lead us out of this mess. You should think about the future and

stop looking into the past. President George W. Bush had 4.4% unemployment

for a while during his presidency. He did a great job.

Obama burned through $5 Trillion and handed us a Solyndra Scandal.

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President Mitt Romney has already won. Your democrats are losing enthusiasm.

My Romney supporters are gaining enthusiasm. Look at todays Rasmussen Poll.

According to Kim Strassel: WSJ - Obama and his campaign are suddenly worried

about - 4 Little Words - You didn't build that.

- Click on the article link for the full story at WSJ -

Obama is going to be on defense for the rest of the year.

Attacking American Exceptionalism was incredibly stupid. -- Obama is doomed --

It was actually the messes all the dem leaders have made with their regulations and taxes going back to the 20's...dems make a mess, capitalists get in office and fix it....round and round we go...

Originally posted by Indigo5
reply to post by Eurisko2012

 

You might also note the only time we have had negative GDP growth was under Reagan, Bush Senior and Bush Junior...but let's go ahead and give trickle-down and deregulation another try...

Reagan (81-88)
Bush Sr (89-92)
Bush Jr (2001-2008) TWICE!

edit on 27-7-2012 by Indigo5 because: (no reason given)

Yeah, Reagan got off to a rough start. Carter handed him a real mess but

look what happened in 1985. Reagan created over 1 million jobs in just 1 month!!!

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Face it. We have the solutions. You don't.

Originally posted by timetothink
It was actually the messes all the dem leaders have made with their regulations and taxes going back to the 20's...dems make a mess, capitalists get in office and fix it....round and round we go...

edit on 27-7-2012 by timetothink because: (no reason given)

Yes, American Exceptionalism always bails us out.

Only American small businesses can create the number of jobs we need.

Obama wants us all on food stamps forever.