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U.S. economy bounces back sharply

Conservative said:
Can't get over the war, can you? The war was going badly until the surge and then Bush won the war, Obama lost the peace and sorry but that is reality and the numbers are there if you care to read them
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Thank you for confirming that Republicans also live in a fantasy world. The war in Iraq was lost the minute we took out a dictator and left a power vacuum behind.

And, yes, I'm aware that the Democrats were just as much to blame for that blunder as the Republicans were. I'm not even trying to make a partisan argument. Both parties suck IMO.


Conservative said:
Sorry but you have no idea what you are talking about the Govt, thus the U.S. Taxpayers owned Chrysler and GM, the Govt. on behalf of the Taxpayers sold Chrysler
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If they really bought Chrysler Corp for the 1.3B that they (admittedly foolishly) spent there, then they got the bargain of the year. The government never owned Chrysler.


Oh, I'm quite aware that the cost of health insurance is a real drag on employers. I said as much in the post you quoted.

But, blaming all of that on "Obamacare" is just disingenuous. The cost has been out of control for a very long time.


Conservative said:
This is an act, right? What is the Obama tax proposal?
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To continue the "Bush" tax cuts. At least, that's what happened.
 
 
 
 
 

First off, please get the post formatting right. It's not that difficult.

Secondly, high inflation in and of itself does not make a financial crisis. A financial crisis occurs when physical and financial assets begin to abruptly lose nominal value. Due to the nature of inflation, this didn't really happen in the early 1980's. The economic downturn of 1980 was self induced!

Being book smart is the problem with far too many people as they ignore human behavior and how economic policy affects them.
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This is a worthless comment, as it doesn't in any way pertain to the topic or our discussion. It's just your go to response when refutes your nonsense, and has led to you receiving multiple thread bans and suspensions.

It was not meant to be an attack only pointing out reality.
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You are relying on your perception as the source for reality. Just because i understand how to analyze data in a sophisticated manner doesn't mean my position is in anyway less valid. In fact, it's the opposite.

110 million on taxpayer funded welfare!!
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A bogus Fox News article does you little good.

Where are the 7.5 million long term part time workers on your chart? Where are the 1 million discouraged workers on your chart? Where is the debt service on the 17.6 trillion dollar debt on your chart?
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My charts were in reference to financial crises and deleveraging. If you would like, i will provide you with a chart depicting historical debt service as a % to both GDP and the federal budget in a little bit!

I will put my experience and personal expertise up against anything you have to offer. That is a losing battle for you
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You lack the ability to understand data and the various methods of interpretation. All you have to offer is partisan hostility.
 
 

You are right, Kush, you really aren't worth it, because a Census article is posted in Fox News the article therefore is false. Talk about partisan bull****? You are full of it.
 
 
Conservative said:
You are right, Kush, you really aren't worth it, because a Census article is posted in Fox News the article therefore is false. Talk about partisan bull****? You are full of it.
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They pick and choose their interpretation of welfare as a means of deceiving their viewers. You fell hook line and sinker, and continue to spread the disinformation at every chance.
 
Kushinator said:
They pick and choose their interpretation of welfare as a means of deceiving their viewers. You fell hook line and sinker, and continue to spread the disinformation at every chance.
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Yep, you got it, money going from the taxpayers to another individual isn't welfare at all, it is that taxpayer's responsibility, isn't it? You simply cannot believe how wrong you have been and how duped you have been by the leftwing rhetoric. Sorry, but you have no credibility at all but you do post pretty charts. Too bad you don't understand that individuals are dependent more now than ever before on taxpayer support
 
U.S. Consumer Spending Declines 0.1% in July
Personal Spending Falls for First Month Since January

'WASHINGTON—Consumer spending fell in July and income growth was weak, signs that cautious consumers could restrain economic growth in the second half of the year.

Personal spending, which measures what Americans pay for everything from sneakers to doctor visits, declined a seasonally adjusted 0.1% in July from a month earlier, the Commerce Department said Friday. It was the first time spending fell in a month since January.

Personal income, reflecting income from wages, investment, and government aid, rose 0.2% in July—the smallest monthly increase of the year.

"Looks like the pilot threw the economy's engines into reverse at the start of the third quarter," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ. Forecasts that the economy would grow at a strong 3% clip in the third quarter "look increasingly unrealistic if consumers don't return to the shops and malls."'

U.S. Consumer Spending Declines 0.1% in July - WSJ


Must be the weather...all this snow.
 
 
 
 

The government owned 20 percent of Chrysler stock which it sold to Fiat.

Fiat gained a 20 percent Chrysler holding as part of the U.S. automaker’s government-backed restructuring in 2009.
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Fiat to Buy Rest of U.S. Government
 
minnie616 said:
The government owned 20 percent of Chrysler stock which it sold to Fiat.



Fiat to Buy Rest of U.S. Government
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Interesting headline.

From the link:

Fiat will pay $500 million for the U.S. government’s remaining 6 percent stake in Chrysler Group LLC, ending the Treasury’s involvement in the automaker as Fiat moves to consolidate control.
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So, the statement that the government sold Chrysler to Fiat is 6% correct. That's more correct than I thought it would be.
 
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