U.S. GDP Grows Just 1.3%

The Prof · Jul 29, 2011

the historically slow recovery:

Nearly two years after the economic recovery officially began, job creation continues to stagger at the slowest post-recession rate since the Great Depression.

The nation has 5% fewer jobs today — a loss of 7 million — than it did when the recession began in December 2007. That is by far the worst performance of job generation following any of the dozen recessions since the 1930s.

In the past, the economy recovered lost jobs 13 months on average after a recession. If this were a typical recovery, nearly 10 million more people would be working today than when the recession officially ended in June 2009.

Job creation limps along after recession - USATODAY.com

22 months after the end of the recession we are still 7 million jobs behind

and the situation doesn't appear to be improving much of late

hang on, homies

cpwill · Jul 29, 2011

AdamT said:
Yes, like I said, it was a prediction -- not a promise. Calling it a promise is a lie.

for a certainty, being wrong is not being false. however, when we are speaking of potential administration lies, it is easy enough to identify one of those.

when Obamacare was in debate in Congress, Obama gave an interview with George Stephanopolis, in which he famously said, point blank, multiple times, that the "fine" placed on people who don't purchase healthcare was not a tax.

now, with that measure (the individual mandate) in legal trouble... the Obama administration says that it is legal.... because it is a tax, and Congress has the power to tax.

Was Obama Lying then, or is he lying now?

cpwill · Jul 29, 2011

The Prof said:
the historically slow recovery:

Job creation limps along after recession - USATODAY.com

22 months after the end of the recession we are still 7 million jobs behind

and the situation doesn't appear to be improving much of late

hang on, homies

you are here:

The Prof · Jul 29, 2011

Obama: Will Do Health Care on Cspan - YouTube

The president, members of Congress from both parties and special interest groups have indeed all participated in negotiations, but those conversations have not been broadcast. Instead, the president has announced deals with groups like the pharmaceutical industry and the insurance industry after they were worked out in backroom deals.

Meanwhile, Baucus, one of the most influential senators in the health care debate, not only shut out the public but shut out most of his own committee from his "bipartisan negotiations."

"We spent virtually an entire year with most of the Finance Committee being excluded," Sen. Jay Rockefeller (D-W.V.) reportedly said after Baucus released his health care bill. "You don't run a committee that way."

Five Health Care Promises Obama Won't Keep - CBS News

Objective Voice · Jul 29, 2011

Objective Voice said:
The GOP came into 2011 with a plan, and if you've read the book, "Revolt!" you know exactly what that plan entails. Holding out on increasing the debt limit even if it meant going up to the very last day (which technically speaking, TODAY MARKS THAT DAY!) was part of their plan. Read pages 106 - 108 and post what it says (I'd do it, but I left my copy of the book at home, but anyone can view snippets of the text just by going to Amazon.com and performing a simple keyword search, "debt ceiling". It say very clearly, "the debt ceiling is a fiction vote...Obama will likely veto it (paraphrase).

Here are the specifics straight from the source mentioned above:

Revolt!, page 19:

Before they (Republicans) will approve a debt limit increase or a new federal budget, Republicans must demand that Obama's expensive and intrusive programs be cut. They must hold firm despite the chaos that will ensue. Obama will refuse to sign a debt limit increase or a new federal budget without his programs. The great budget battlelines will be drawn.

As we fight these battles we will be keeping the issues Obama wants to go away alive. We are assuring that they will remain front and center in the 2012 elections.

From page 106-107:

The newly elected Republican senator from Illinois, Mark Kirk, has proposed that the GOP resist raising the debt limit unless we (Republicans) wring specific spending reductions and other concessions (i.e., a balanced budget amendment) from Obama. And then we need to keep coming back for more. Sen. Kirk proposes that we raise the debt limit for only three months at a time. When the federal government needs more money they will have to come back to Congress asking for an increase in the debt limit. And each time they do we need to be there with our list of demands in hand asking for additional concessions.

They must provied a credible deficit reduction and a path to further cuts without opening the can of worms of Social Security and Medicare.

What the counrty is experiencing right now IS a purposefully crafted plan with one purpose in mind and it has absolutely nothing to do with doing "the will of the People". It's all about defeating one man in the White House at all cost, even if it means the country suffers as a result.

The Prof · Jul 29, 2011

cpwill said:
you are here:

thanks!

you need to post that graph a thousand times

also this one: Five Health Care Promises Obama Won't Keep - CBS News

Taylor · Jul 29, 2011

Objective Voice said:
But Taylor, you have to factor in the unemployment numbers:

1) one major book retailer going out of business.

2) public employees being laid off or forced into "early" retirement.

3) private companies who normally rely on government contracts not being able to acquire or renew those contracts due to reductions in government spending, which in turn have also forced layoffs from public-private partnerships.

These things also factor into the increased unemployment numbers.

I'm not sure I understand where you're going with this. I mean, stuff like this goes on in every down economy. In strong economies as well. How exactly do you propose they be factored in?

AdamT · Jul 30, 2011

American said:
I asked you to get a room, why are you still here?

I'm still holding out hope that you might come up with something clever to say.

BayToBay · Jul 30, 2011

AdamT said:
By failing to pay for your internet service you default on your obligation to pay for your internet service. You think it's not going to affect your credit rating?

I am not obligated to continue paying for internet services. I can cancel whenever I like. No, it will not hurt my credit.

I will put it another way, if I cut back on buying sodas I don't default.

BayToBay · Jul 30, 2011

PeteEU said:
Er wrong analogy.... big time. You are not cancelling your internet service, you are not paying for your internet service but still have a contract with the internet service provider. If you wanted to cancel your internet service, then you would have done it already.. which you have not done.

You are inserting conditions that were not part of the anology. My contract is month to month and I can cancel whenever I like.

We have to pay our debts or we default. If we close the DEA that will not lead to default.

apdst · Jul 30, 2011

I wonder how long a salesman would keep his job, if he bragged about a .4% increase in sales at the quarterly sales meeting.

washunut · Jul 30, 2011

apdst said:
I wonder how long a salesman would keep his job, if he bragged about a .4% increase in sales at the quarterly sales meeting.

probably would not get off the stage before being fired!

apdst · Jul 30, 2011

washunut said:
probably would not get off the stage before being fired!

Reminds me of a president we know. Eh?

Conservative · Jul 30, 2011

apdst said:
I wonder how long a salesman would keep his job, if he bragged about a .4% increase in sales at the quarterly sales meeting.

Especially after adding 4 trillion to the debt to generate those numbers.

AdamT · Jul 30, 2011

RStringfield said:
You are inserting conditions that were not part of the anology. My contract is month to month and I can cancel whenever I like.

We have to pay our debts or we default. If we close the DEA that will not lead to default.

Your analogy is inapposite. If the debt ceiling isn't raised we will be unable to meet existing obligations -- not just future obligations. So let's look at a corrected version of your analogy:

Your personal debt ceiling isn't raised and you choose to pay your mortgage. But that means you won't be able to pay your electricity bill, your cable bill, your phone bill, or your car payment. These are all obligations you have already incurred and that you have promised to pay. This will affect your credit rating. And as a side note, your electricity, phone, and cable will be cut off, and your car will be repo'd.

apdst · Jul 30, 2011

AdamT said:
Your analogy is inapposite. If the debt ceiling isn't raised we will be unable to meet existing obligations -- not just future obligations. So let's look at a corrected version of your analogy:

Your personal debt ceiling isn't raised and you choose to pay your mortgage. But that means you won't be able to pay your electricity bill, your cable bill, your phone bill, or your car payment. These are all obligations you have already incurred and that you have promised to pay. This will affect your credit rating. And as a side note, your electricity, phone, and cable will be cut off, and your car will be repo'd.

You can live without the phone and cable, so you get rid of those, until your budget can allow for those expenses.

Conservative · Jul 30, 2011

AdamT said:
Your analogy is inapposite. If the debt ceiling isn't raised we will be unable to meet existing obligations -- not just future obligations. So let's look at a corrected version of your analogy:

Your personal debt ceiling isn't raised and you choose to pay your mortgage. But that means you won't be able to pay your electricity bill, your cable bill, your phone bill, or your car payment. These are all obligations you have already incurred and that you have promised to pay. This will affect your credit rating. And as a side note, your electricity, phone, and cable will be cut off, and your car will be repo'd.

You continue to buy what you are told by an Administration that you want to believe. Why not scrutinize the rhetoric better? How much money is coming in to the govt. each and every day? What bills can be paid with those funds? Our basic obligations are to our SS/Medicare recipients, our creditors, our Military, and our Veterans. How much is left over and is that truly a default if you eliminate departments, i.e. energy, education, EPA?

washunut · Jul 30, 2011

AdamT said:
Your analogy is inapposite. If the debt ceiling isn't raised we will be unable to meet existing obligations -- not just future obligations. So let's look at a corrected version of your analogy:

Your personal debt ceiling isn't raised and you choose to pay your mortgage. But that means you won't be able to pay your electricity bill, your cable bill, your phone bill, or your car payment. These are all obligations you have already incurred and that you have promised to pay. This will affect your credit rating. And as a side note, your electricity, phone, and cable will be cut off, and your car will be repo'd.

Let's remember that we the Federal budget expires Oct. 1. So this argument about what we promised to pay only extends until then. The other problem with the democratic talking point is that the congress refuses to do it's job, so we never even get a vote on what our "obligations" are.

Many people are getting tired of these gottya phrases that are unthinking talking points made by lame politicians and their flunkies.

It is well past the time we should get serious about the problems facing the nation.

Conservative · Jul 30, 2011

washunut said:
Let's remember that we the Federal budget expires Oct. 1. So this argument about what we promised to pay only extends until then. The other problem with the democratic talking point is that the congress refuses to do it's job, so we never even get a vote on what our "obligations" are.

Many people are getting tired of these gottya phrases that are unthinking talking points made by lame politicians and their flunkies.

It is well past the time we should get serious about the problems facing the nation.

That is an excellent point, fiscal year of the U.S. runs from October to September and the current budget year ends in 2 months. That is the end of the current year obligations and requires a new budget. The only item that carries forward and is an ongoing expense is debt service, SS, Medicare. Add to that is our military personnel and our Veterans benefits. There is more than enough tax revenue to pay those obligations.

AdamT · Jul 30, 2011

Conservative said:
You continue to buy what you are told by an Administration that you want to believe. Why not scrutinize the rhetoric better? How much money is coming in to the govt. each and every day? What bills can be paid with those funds? Our basic obligations are to our SS/Medicare recipients, our creditors, our Military, and our Veterans. How much is left over and is that truly a default if you eliminate departments, i.e. energy, education, EPA?

Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!

apdst · Jul 30, 2011

AdamT said:
Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!

Yes, we can. They're just telling you that to scare you and obviously, it's working.

Conservative · Jul 30, 2011

AdamT said:
Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!

That is bs, I asked you how much money is coming into the govt. each month due to taxes and then how much those obligations are. You haven't answered either but continue to spout DNC talking points. Think and verify what you are being told.

Conservative · Jul 30, 2011

AdamT said:
Hello, do you still not get it? We can't pay all those people you mentioned if we don't raise the debt limit. If we pay our creditors we can't pay our military and Medicare recipients. If we pay our military and Medicare recipients we can't pay our creditors. This isn't rocket science!

From the 2010 Budget which of course you have never seen. Why are you buying what you are told?

Interest 196.9 16.4
SS 706.7 58.9
Medicare 451.6 37.6
Military 696 58.0
VA 108 9.0

Total monthly Obligation 179.9

What this shows is the budget for interest on the debt, SS, Medicare, total military, and VA on a yearly basis. Divide by 12 and you get the monthly obligations which total 179.9 and that included TOTAL military expense which overstates this amount. Monthly revenue is over 200 billion a month.

Conservative · Jul 30, 2011

Conservative said:
From the 2010 Budget which of course you have never seen. Why are you buying what you are told?

Interest 196.9 16.4
SS 706.7 58.9
Medicare 451.6 37.6
Military 696 58.0
VA 108 9.0

Total monthly Obligation 179.9

What this shows is the budget for interest on the debt, SS, Medicare, total military, and VA on a yearly basis. Divide by 12 and you get the monthly obligations which total 179.9 and that included TOTAL military expense which overstates this amount. Monthly revenue is over 200 billion a month.

What's the problem, Adam, a little logic, common sense, and facts confusing you? You must be asking yourself how in the world did the liberal rhetoric be so wrong since they "mean so well?" Noticed that when presented with facts you either ignore them or simply don't respond at all.

washunut · Jul 30, 2011

Conservative said:
What's the problem, Adam, a little logic, common sense, and facts confusing you? You must be asking yourself how in the world did the liberal rhetoric be so wrong since they "mean so well?" Noticed that when presented with facts you either ignore them or simply don't respond at all.

facts seem like the surest way to end a thread on this site. I guess it takes all the fun out of spewing.

U.S. GDP Grows Just 1.3%

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