The thunderous economic rebound continues! .2% GDP! 4 more years please!

[Gd5150]

As the endless 7 year Obama recession continues thanks to Obamacare, we are now enjoying an explosive .2% growth in GDP for the 1st quarter of 2015.

This follows a weak 2014 4th quarter GDP as well.

"Economists, however, estimate unusually cold weather in February chopped off as much as half a percentage point of growth." Damm that global warming, even that isn't working out how they predicted.

The president is working hard to take his full time jobs lost numbers from 25,000,000 back up to 40,000,000 full time jobs lost. Don't fret, we can surely expect the unemployment rate to fall below 5% anytime. Come on Department of Labor, we know you can find a way to rig get that rate down to George W Bush's 4.5% unemployment numbers despite the 10's of millions who've lost jobs under Obama.

http://www.foxbusiness.com/economy-policy/2015/04/29/us-economy-grew-02-in-first-quarter/?intcmp=marketfeatures

[NowhereInTime]

As the endless 7 year Obama recession continues thanks to Obamacare, we are now enjoying an explosive .2% growth in GDP for the 1st quarter of 2015.

This follows a weak 2014 4th quarter GDP as well.

"Economists, however, estimate unusually cold weather in February chopped off as much as half a percentage point of growth." Damm that global warming, even that isn't working out how they predicted.

The president is working hard to take his full time jobs lost numbers from 25,000,000 back up to 40,000,000 full time jobs lost. Don't fret, we can surely expect the unemployment rate to fall below 5% anytime. Come on Department of Labor, we know you can find a way to rig get that rate down to George W Bush's 4.5% unemployment numbers despite the 10's of millions who've lost jobs under Obama.

http://www.foxbusiness.com/economy-policy/2015/04/29/us-economy-grew-02-in-first-quarter/?intcmp=marketfeatures

So the weather had no impact on the economy?  When you get three feet of snow in the northeast, (56 million us live here in the most densely populated part of the country) no one's heading off to Target to buy stuff.  Second quarter will be different.

You blame Obamacare for everything:

"What about the overall effect on insurance coverage? Several months into 2014 many leading Republicans â€" including John Boehner, the speaker of the House â€" were predicting that more people would lose coverage than gain it. And everyone on the right was predicting that the law would cost far more than projected, adding hundreds of billions if not trillions to budget deficits.

What actually happened? There was no rate shock: average premiums in 2014 were about 16 percent lower than projected. There is no death spiral: On average, premiums for 2015 are between 2 and 4 percent higher than in 2014, which is a much slower rate of increase than the historical norm. The number of Americans without health insurance has fallen by around 15 million, and would have fallen substantially more if so many Republican-controlled states weren’t blocking the expansion of Medicaid. And the overall cost of the program is coming in well below expectations."

from:  http://www.nytimes.com/2015/04/27/opinion/paul-krugman-nobody-said-that.html?_r=0

You aren't even in the ballpark about your "facts".

So, tell me, genius, when corporate profits are at a record high:

http://www.nytimes.com/2014/04/05/business/economy/corporate-profits-grow-ever-larger-as-slice-of-economy-as-wages-slide.html

...and the Stock Market is in record territory...

http://money.cnn.com/2015/02/24/investing/stocks-market-dow-record-high/

...yet jobs are slow in returning (wages even slower in growing)...

http://www.wsj.com/articles/jobs-report-u-s-adds-126-000-jobs-1428064391

...so much so that the Fed is pulling back on rate hike talk...

http://money.cnn.com/2015/04/29/news/economy/federal-reserve-april-statement/

...what conclusion can you draw from this?

If you are an idiot, you will feebly try to somehow blame Obamacare is some obsequious way.  The reality is that the rich are taking it all and running away with it.  The top one percent:

http://www.slate.com/blogs/moneybox/2015/01/27/income_inequality_map_how_much_of_each_state_s_income_goes_to_its_top_1.html

(note my home state of CT  has the highest threshold to be a one percenter yet some of the worst urban poverty in the nation)

...don't pay because there is no catalyst to pay.

Supply Side economics has been the biggest fraud perpetrated on the American people and a gross, abusive, and destructive redistribution of wealth from the middle class to the already well-to-do.  There was never any trigger or causation to force that wealth back into the economy.  Most of it, instead of paying taxes, bought treasuries or commodities.

Instead of paying the rich are now collecting!!!! Yet, no new businesses or jobs, merely "consolidation", "streamlining", "downsizing", "outsourcing", etc, etc.

Yet, I blame Obama, too.  He should be fighting for a $15.15 minimum wage (the average level that pulls a family of 4 out of the poverty level), not merely "calling" for it and an increase in the inheritance tax.  The same inheritance tax a truly great Republican, Teddy Roosevelt, supported:

"The really big fortune, the swollen fortune, by the mere fact of its size, acquires qualities which differentiate it in kind as well as in degree from what is possessed by men of relatively small means. Therefore, I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective-a graduated inheritance tax on big fortunes, properly safeguarded against evasion, and increasing rapidly in amount with the size of the estate." - TR

[136 or 142]

The large jump in the value of the U.S dollar had a large negative impact on exports, coupled with a west coast port strike.  The strike has since ended and the U.S dollar has declined, at least relative to the Canadian dollar.

[albrecht]

Conn seems to be a "liberal" or "progressive" state, at least in national election voting, why is the disparity so bad there? I like when so-called "progressives" quote TR. You think he would support the homosexuality movement, or the racial government handouts and social programs? An open-border? Amnesty for illegals? The riots in Ferguson, NYC, Baltimore? Think he would champion those "youths" and "gentle giants?" What about protesting wars and death-panel like waiting lists at the VA (and employees there who joke about dead veterans?) Affirmative Action, quotas, or genderless bathrooms? Think he would support ballots and signage in almost every conceivable foreign languages? Homosexual marriage? Cedeing authority to international groups and tribunals? Gun bans? In other words, almost nothing the so-called "progressives" support today he would support.

I also love "progressives" who want to "redistribute" wealth, "tax the rich", and attack the "1%" use the inflated prices and apparently success of the STOCK-MARKET as a good thing! And praise Obama for it! I thought those Wall St types were the enemy

ps: don't worry I'm sure, in keeping with government policy, these bad economic numbers will be "readjusted" at some time in the future. What is scary is that they likely already were "adjusted" and STILL couldn't look good.

[NowhereInTime]

Conn seems to be a "liberal" or "progressive" state, at least in national election voting, why is the disparity so bad there?

The disparity is due to over 300 years of established money in lower Fairfield County,  a large number of people who work in hedge funds & finance, and the very high number of people who are doctors,  lawyers,  etc in and around NYC. Contrast that with a recent influx of Latino immigrants and thousands of displaced workers from Grumman, UTC, Colt, and many other industries.
The dirty secret is that Democrats do well with both groups here. Nobody here likes conservative extremists.

I like when so-called "progressives" quote TR. You think he would support the homosexuality movement, or the racial government handouts and social programs? An open-border?

I think TR is the reason for the Progressive movement.  By the way,  are you denying his views on hoarded and inherited wealth?  Nope. You can't so you obfuscate.

Amnesty for illegals?

One note wonder.

The riots in Ferguson, NYC, Baltimore? Think he would champion those "youths" and "gentle giants?" What about protesting wars and death-panel like waiting lists at the VA (and employees there who joke about dead veterans?) Affirmative Action, quotas, or genderless bathrooms?

Reductio ad absurdum. "Genderless bathrooms"? Really? Your hyperbole exceeds the slightest hint of plausibility.

Think he would support ballots and signage in almost every conceivable foreign languages? Homosexual marriage? Cedeing authority to international groups and tribunals? Gun bans? In other words, almost nothing the so-called "progressives" support today he would support.

Except he did,  forcefully,  support exactly the position I quoted.  The rest of your statement is extraneous and fails to refute my point.

I also love "progressives" who want to "redistribute" wealth, "tax the rich", and attack the "1%" use the inflated prices and apparently success of the STOCK-MARKET as a good thing! And praise Obama for it! I thought those Wall St types were the enemy

No, the whole point,  which you clearly miss, is that there is a disparity precisely because of the scam of supply side economics.  The "redistribution"  you mock has already been committed by the wealthy.

ps: don't worry I'm sure, in keeping with government policy, these bad economic numbers will be "readjusted" at some time in the future. What is scary is that they likely already were "adjusted" and STILL couldn't look good.

Your condescending aside reiterates that you have no factual,  logical,  or, most importantly,  moral rebuttal. Hyperbole, condescension, and allegations of government conspiracy expose you and your beliefs as fraudulent.

[albrecht]

I have no problems with TR's views, both racially or economically, especially when his views are viewed in an historical perspective (but also viewed in hindsight with regard to what has happened to the country in both circumstances. To wit: riots everywhere and Obama as President. And bailouts and political corruption and unlimited spending on campaigns.) I, unlike you, don't "pick and choose" and historically distort people to claim that they would support these new odd-ball beliefs and practices of the so-called "progressives." You like TR. Then own HIS actual views. There are published speeches a-plenty! And books he wrote (quite prolific, actually.) Be "progressive" and admit he was right also about America, language, race, borders, culture, wars, and crime, in addition to his views about monopolies and bankers. He, actually, is more in line with the 'fringe' people you rail against (I'll include me in this )
ps: since I know you won't admit, actually, liking TR. I will reply to the gender bathroom stuff:
http://kxan.com/2014/08/28/austin-city-council-approves-gender-neutral-bathrooms/
http://www.slate.com/blogs/outward/2013/12/26/gender_neutral_bathrooms_all_bathrooms_should_be_open_to_all_users.html
http://www.cnn.com/2013/08/13/us/california-transgender-school-law/index.html
and so on....doesn't take long to find stories. So another claim, by you, to be "shocked" by actual events. So tell me how much you love TR btw? Asian policy, maybe? His hunting escapades?

[albrecht]

Your condescending aside reiterates that you have no factual,  logical,  or, most importantly,  moral rebuttal. Hyperbole, condescension, and allegations of government conspiracy expose you and your beliefs as fraudulent.

On what "adjusted"? Read the headlines, or take economics, they readjust the data constantly (to try to account for inflation, weather, or other factors; depending on situation. Politics also, I'm guessing... or at least release on a weekend and can always, readjust, later "once new data comes in.")
ps: so how is your TR fetish going these days? Wanna start a new Great White Fleet? I suggest, humbly, to READ TR's books and speeches.

[Quick Karl]

As the endless 7 year Obama recession continues thanks to Obamacare, we are now enjoying an explosive .2% growth in GDP for the 1st quarter of 2015.

This follows a weak 2014 4th quarter GDP as well.

"Economists, however, estimate unusually cold weather in February chopped off as much as half a percentage point of growth." Damm that global warming, even that isn't working out how they predicted.

The president is working hard to take his full time jobs lost numbers from 25,000,000 back up to 40,000,000 full time jobs lost. Don't fret, we can surely expect the unemployment rate to fall below 5% anytime. Come on Department of Labor, we know you can find a way to rig get that rate down to George W Bush's 4.5% unemployment numbers despite the 10's of millions who've lost jobs under Obama.

http://www.foxbusiness.com/economy-policy/2015/04/29/us-economy-grew-02-in-first-quarter/?intcmp=marketfeatures

Hilarious thread title!

[Quick Karl]

The "progressivism" TR was talking about is so far from the progressive-totalitarianism of today, that it might just as well be in the Andromeda Galaxy.

Teddy would be beating todays "progressives" to death with his big stick. Teddy actually loved this country.

[nextgen.fm]

But it was the weather! 

[VtaGeezer]

Teddy would be beating todays "progressives" to death with his big stick. Teddy actually loved this country.

TR would be shaking his head at the gullible misguided "patriots" who've been manipulated to tear down the protections he built against monopolies, trusts, and corrupt politicians.

[qaddisin]

TR would be shaking his head at the gullible misguided "patriots" who've been manipulated to tear down the protections he built against monopolies, trusts, and corrupt politicians.

[albrecht]

TR would be shaking his head at the gullible misguided "patriots" who've been manipulated to tear down the protections he built against monopolies, trusts, and corrupt politicians.

So you are admitting you like TR, finally? Or, as usual, only when convenient to your so-called "progressive" ideas (which were nothing like TR's real progressive ideas which were concerned with the country, Western civilization and culture, and even the white race (uncomfortable now ?)

"Nineteenth-century democracy needs no more complete vindication for its existence than the fact that it has kept for the white race the best portions of the new world’s surface.”

"We have room for but one language here, and that is the English language ... and we have room for but one sole loyalty and that is a loyalty to the American people."

Theodore Roosevelt on "Race Suicide":
http://books.google.com/books?id=3D95IcBkIPwC&pg=PA550&lpg=PA550
little excerpt about abortion and even 'unnatural prevention' of pregnancy (for 'our people')
"Our people could still exist under all kinds of iniquities in government; under a debased currency, under official corruption, under the rule of a socialistic proletariat, or a wealthy oligarchy. All these things would be bad for us, but the country would still exist. But it could not continue to exist if it paid heed to the expressed or implied teachings of such articles as this. These teachings furnish excuses for every unnatural prevention of child-bearing,...."

[analog kid]

The "progressivism" TR was talking about is so far from the progressive-totalitarianism of today, that it might just as well be in the Andromeda Galaxy.

Teddy would be beating todays "progressives" to death with his big stick. Teddy actually loved this country.

You don't love this country. You hate it. You want a kind of political genocide to bring about your own twisted fantasies of ideological purity, and view roughly half of your countrymen as vile and immoral enemies. That isn't anything resembling love for your country. And I'd love my country if only people shared my political opinions doesn't cut it either.

[Gd5150]

It's funny watching left-wingers run around trying to find every excuse under the sun for the 7 year recession. A recession that should've ended by mid 2009. Unfortunately the shackles of Obamacare and Obama perpetuate this toilet bowl economy. Everyone with a job, laid off in the last year, lost their insurance, spent months and months attempting to get Obamacarec, or spent the last 6 years unemoyed, will tell you there has been no recovery.

West cost ports strike? Weather? The dog ate their homework? 1 month doesn't explain 7 years of recession. Obamacare does. Anyone who owns a business will tell you.

Minimum wage is too low? Yes that's the answer. Raise it so we can kill more jobs. Great idea.

[Juan]

Hey, the Soviet Union blamed its poor economy on cold weather for 75-years.  We should allow Obama at least a full seven.

[VtaGeezer]

It's funny watching left-wingers run around trying to find every excuse under the sun for the 7 year recession. A recession that should've ended by mid 2009.

What's worse is that you actually believe that jewel of conservative benightedness.

[Catsmile]

What's worse is that you actually believe that jewel of conservative benightedness.

Well... to be fair if ur investment portfolio & savings consist of assault weapons, e-foods, MREs, water purifying pills, trench shoves, Bush Light... et al. Them thar investments ain't done good fur shit. Fuckin' Obummer took my jerb! Meanwhile stocks and 401Ks ain't to shabby. Job earnings are flat to falling, but a lot of presidents get the blame for that. Conservatives, and "Progressives" on the hill keep gittnin' richer, while paying little more than lip service to the rubes base for votes.       

[NowhereInTime]

The president is working hard to take his full time jobs lost numbers from 25,000,000 back up to 40,000,000 full time jobs lost. Don't fret, we can surely expect the unemployment rate to fall below 5% anytime. Come on Department of Labor, we know you can find a way to rig get that rate down to George W Bush's 4.5% unemployment numbers despite the 10's of millions who've lost jobs under Obama.

So explain this then:

http://www.cnbc.com/id/102635053

[NowhereInTime]

Hey, the Soviet Union blamed its poor economy on cold weather for 75-years.  We should allow Obama at least a full seven.

Or we should listen to people who do this for a living:

http://www.cnbc.com/id/102630190

[NowhereInTime]

It's funny watching left-wingers run around trying to find every excuse under the sun for the 7 year recession. A recession that should've ended by mid 2009. Unfortunately the shackles of Obamacare and Obama perpetuate this toilet bowl economy. Everyone with a job, laid off in the last year, lost their insurance, spent months and months attempting to get Obamacarec, or spent the last 6 years unemoyed, will tell you there has been no recovery.

You are a feckless demagogue who fails to substantiate any of your assertions.  It's funny watching you piss into the wind of truth and expect to stay dry.

West cost ports strike? Weather? The dog ate their homework? 1 month doesn't explain 7 years of recession. Obamacare does. Anyone who owns a business will tell you.

Anyone with a small business will tell you that Obamacare has streamlined the benefit; no more dedicating valuable labor hours to benefit managament.  Connecting employees with benefit portals or direct insuring purchase on the exchanges has slowed the rise in insurance premiums to 40 year numbers:

http://www.nytimes.com/2015/04/27/opinion/paul-krugman-nobody-said-that.html?rref=collection%2Fcolumn%2Fpaul-krugman

You spread lies about the impact of Obamacare on the economy, ignore actual mitigating factors like the major disruption the west coast port strikes had (because you clearly have no clue as to the impact of logisitics on this economy) and pretend that blizzards have no impact of consumer behavior. 

Minimum wage is too low? Yes that's the answer. Raise it so we can kill create more jobs. Great idea.

Fixed it for you.

http://www.epi.org/publication/why-americas-workers-need-faster-wage-growth/
[/quote]

[NowhereInTime]

I have no problems with TR's views, both racially or economically, especially when his views are viewed in an historical perspective (but also viewed in hindsight with regard to what has happened to the country in both circumstances. To wit: riots everywhere and Obama as President. And bailouts and political corruption and unlimited spending on campaigns.) I, unlike you, don't "pick and choose" and historically distort people to claim that they would support these new odd-ball beliefs and practices of the so-called "progressives." You like TR. Then own HIS actual views. There are published speeches a-plenty! And books he wrote (quite prolific, actually.) Be "progressive" and admit he was right also about America, language, race, borders, culture, wars, and crime, in addition to his views about monopolies and bankers. He, actually, is more in line with the 'fringe' people you rail against (I'll include me in this )
ps: since I know you won't admit, actually, liking TR. I will reply to the gender bathroom stuff:
http://kxan.com/2014/08/28/austin-city-council-approves-gender-neutral-bathrooms/
http://www.slate.com/blogs/outward/2013/12/26/gender_neutral_bathrooms_all_bathrooms_should_be_open_to_all_users.html
http://www.cnn.com/2013/08/13/us/california-transgender-school-law/index.html
and so on....doesn't take long to find stories. So another claim, by you, to be "shocked" by actual events. So tell me how much you love TR btw? Asian policy, maybe? His hunting escapades?

This is a fundamental difference between us; I am not compelled to accept "all or none".  I reject that extremism, as most Americans do.  The great thing about being an American is the freedom of choice; I can choose what to accept and what to reject.  Most importantly, I don't have to develop my beliefs using your guidelines.

[NowhereInTime]

On what "adjusted"? Read the headlines, or take economics, they readjust the data constantly (to try to account for inflation, weather, or other factors; depending on situation. Politics also, I'm guessing... or at least release on a weekend and can always, readjust, later "once new data comes in.")
ps: so how is your TR fetish going these days? Wanna start a new Great White Fleet? I suggest, humbly, to READ TR's books and speeches.

Yes, adjustments are made based on data changes.  That was not at all what you were claiming.  You were implying that the government changes data to suit the incumbent in a conspiratorial fashion. 

[albrecht]

Yes, adjustments are made based on data changes.  That was not at all what you were claiming.  You were implying that the government changes data to suit the incumbent in a conspiratorial fashion.

Hey, we don't like these bad numbers! Let's readjust them again!
http://hosted.ap.org/dynamic/stories/U/US_ECONOMY_DATA_REVIEW?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-05-22-18-04-22

[albrecht]

We need to readjust these numbers, again, because they still aren't looking good. Clearly there is a problem with the model or the calculations because Obama is "the One."
http://finance.yahoo.com/news/u-economy-likely-shrank-first-050330978.html
http://hosted.ap.org/dynamic/stories/U/US_ECONOMY_GDP?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-05-29-08-31-04

[Quick Karl]

It's white Christian people's fault they just won't give that poor super-genius a fair break....