4th-Quarter Growth Revised to 2.2%

[Ransom]

http://www.nytimes.com/2015/02/28/business/economy/us-q4-gross-domestic-product-revision.html?_r=0

Over all, economic output rose at an annual rate of 2.2 percent in October, November and December, below the initial estimate of 2.6 percent issued last month, according to government data released on Friday. The downward revision also represented a steep deceleration from the blistering 5 percent annual rate of growth reported in the third quarter of 2014.

Did the Forum miss this? This "downward revision"...becoming an Obama hallmark, everyone paying attention and commenting when growth numbers are announced, Obama running around the country declaring all is well, economy strong......while downward revisions to the economy are then revealed. 2.2% growth Ladies and Gentlemen....is stagnant at best. His policies have not worked. Obamacare is an absolute disaster, back in the Supreme Court concerning subsidies we cannot afford to hand out, illegal aliens pouring across open borders and being given executive branch declared amnesty....we won't even go into our disastrous foreign policies, out trade deficits that are subduing growth...or the fact that the Israeli Prime Minister just schooled an American President on how to be a leader.

Jan 2017. The end of an error.

[Captain Obvious]

Jan 2017. The end of an error.

And the start of a new one, sure as the sun will rise.

The economy's growing and bucketheads are still pissing and moaning.

Yeah, whatever...

[exotix]

Bohner ~ *Where's the Jobs* ? ... LOL

[Captain Obvious]

Bohner ~ *Where's the Jobs* ? ... LOL

Where are the quality jobs, that's the question people should be asking.

We're still net down in jobs and benefits because many full time jobs were replace with part time and benefits are lower now than they were.

These are the legitimate questions people should be asking. I thought Ransom was smarter than that but I guess he's really not.

I know you aren't.

[exotix]

Where are the quality jobs, that's the question people should be asking.

We're still net down in jobs and benefits because many full time jobs were replace with part time and benefits are lower now than they were.

These are the legitimate questions people should be asking. I thought @Ransom (http://thepoliticalforums.com/member.php?u=724) was smarter than that but I guess he's really not.

I know you aren't.
You need to cut the crap ... from time to time you carry the same Rancid RWNJ bucket ... LOL

[Common]

Well at least we got some growth, under George W we got recession

[Captain Obvious]

Well at least we got some growth, under George W we got recession

Well, the bucketheads on the right will bemoan that the recovery would have been stronger, faster with conservative fiscal policy and while I tend to agree with that, criticizing based on "what if's" is really disingenuous.

[Mac-7]

Well, the bucketheads on the right will bemoan that the recovery would have been stronger, faster with conservative fiscal policy and while I tend to agree with that, criticizing based on "what if's" is really disingenuous.

Since conservatives predicted that obama economic policies would result in weaker and slower growth I don't see how you and the libs have any room to crow when we were right and you were wrong.

[Captain Obvious]

Since conservatives predicted that obama economic policies would result in weaker and slower growth I don't see how you and the libs have any room to crow when we were right and you were wrong.

You idiots also predicted death panels and doc shortages with the ACA. That's about all someone needs to know about your reputation for being indoctrinated.

Again, criticizing by "what if's" is idiocy, but I understand why you feel the need to do it.

[Ransom]

Well at least we got some growth, under George W we got recession

George Bush entered office in 2001 with the economy in recession but then, you knew that. Terrorists in country too. Plotting to unleash hell, their declaration of war made while Bush was the governor of Texas. And Bush's economy didn't enter recession until 2007..after Congress went (D).

oops.

[Cigar]

Well at least we got some growth, under George W we got recession

When positive emolyment and growth nubers dating back 5 years become a bad thing .

.. you know compared to negative emolyment and growth numbers 2008 and 2009.

[Cigar]

So they are looking for Jobs ... now what's your excuse :laugh:




Applications for US jobless aid inch up to a 10-month high




WASHINGTON (AP) — The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring.

Weekly applications rose 7,000 to a seasonally adjusted 320,000, the Labor Department said Thursday. The four-week average, a less volatile measure, increased 10,250 to 304,750, a six-week high.

The number of applications tends to reflect the pace of U.S. layoffs. The four-week average has remained near or below 300,000 since September, a historically low level that typically signals healthy job gains.

More Americans are earning paychecks, and gas prices have plummeted from last summer, thereby boosting consumers' buying power. Americans also say they are more confident and are spending more, which has encouraged many businesses to hold on to their workers and to add staff.

FULL story at link.

http://ak.imgfarm.com/images/ap/101647055887-Unemployment_Benefits_20150305.jpeg

In this photo taken Friday, Feb. 6, 2015, U.S. Armed Forces Veterans attend the annual Veterans Career and Resource Fair in Miami. The Labor Department releases weekly jobless claims for the week ending Feb. 28 on Thursday, March 5, 2015. (AP Photo/Alan Diaz)

Read more: http://apnews.excite.com/article/20150305/us-unemployment-benefits-f565c47a28.html

[Captain Obvious]

So they are looking for Jobs ... now what's your excuse :laugh:




Applications for US jobless aid inch up to a 10-month high





WASHINGTON (AP) — The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring.

Weekly applications rose 7,000 to a seasonally adjusted 320,000, the Labor Department said Thursday. The four-week average, a less volatile measure, increased 10,250 to 304,750, a six-week high.

The number of applications tends to reflect the pace of U.S. layoffs. The four-week average has remained near or below 300,000 since September, a historically low level that typically signals healthy job gains.

More Americans are earning paychecks, and gas prices have plummeted from last summer, thereby boosting consumers' buying power. Americans also say they are more confident and are spending more, which has encouraged many businesses to hold on to their workers and to add staff.

FULL story at link.

http://ak.imgfarm.com/images/ap/101647055887-Unemployment_Benefits_20150305.jpeg

In this photo taken Friday, Feb. 6, 2015, U.S. Armed Forces Veterans attend the annual Veterans Career and Resource Fair in Miami. The Labor Department releases weekly jobless claims for the week ending Feb. 28 on Thursday, March 5, 2015. (AP Photo/Alan Diaz)

Read more: http://apnews.excite.com/article/20150305/us-unemployment-benefits-f565c47a28.html
Cigar - notice anything... odd about that pic?

[Peter1469]

If an establishment candidate is selected, don't expect a change in the economy- I mean a lasting one.




http://www.nytimes.com/2015/02/28/business/economy/us-q4-gross-domestic-product-revision.html?_r=0

Over all, economic output rose at an annual rate of 2.2 percent in October, November and December, below the initial estimate of 2.6 percent issued last month, according to government data released on Friday. The downward revision also represented a steep deceleration from the blistering 5 percent annual rate of growth reported in the third quarter of 2014.

Did the Forum miss this? This "downward revision"...becoming an Obama hallmark, everyone paying attention and commenting when growth numbers are announced, Obama running around the country declaring all is well, economy strong......while downward revisions to the economy are then revealed. 2.2% growth Ladies and Gentlemen....is stagnant at best. His policies have not worked. Obamacare is an absolute disaster, back in the Supreme Court concerning subsidies we cannot afford to hand out, illegal aliens pouring across open borders and being given executive branch declared amnesty....we won't even go into our disastrous foreign policies, out trade deficits that are subduing growth...or the fact that the Israeli Prime Minister just schooled an American President on how to be a leader.

Jan 2017. The end of an error.

[Peter1469]

Well, the bucketheads on the right will bemoan that the recovery would have been stronger, faster with conservative fiscal policy and while I tend to agree with that, criticizing based on "what if's" is really disingenuous.


There should have been no corporate or bank bailouts. If we needed to give money directly to the people, so be it. Failed business ought to fail. Propping failure up is down right stupid.

[Captain Obvious]

There should have been no corporate or bank bailouts. If we needed to give money directly to the people, so be it. Failed business ought to fail. Propping failure up is down right stupid.

Couldn't agree more.

How is it a "free market" when taxpayers are expected to be the safety net?

[Cigar]

@Cigar (http://thepoliticalforums.com/member.php?u=294) - notice anything... odd about that pic?

Yea ... A Female Armed Service Veteran

[Peter1469]

Couldn't agree more.

How is it a "free market" when taxpayers are expected to be the safety net?

Well it isn't. But to even get to that question you have already departed from any free market scenario.

[Cigar]

Couldn't agree more.

How is it a "free market" when taxpayers are expected to be the safety net?

Yea ... the freeloading Veterans :laugh:

[exotix]

Well at least we got some growth, under George W we got recession
http://radioornot.com/wp-content/uploads/2015/02/Bikini-Graph-Feb-2015-overall.jpg

[Cigar]

http://radioornot.com/wp-content/uploads/2015/02/Bikini-Graph-Feb-2015-overall.jpg


But But But But But But .... :laugh:

[Peter1469]

For the clown partisans, the market crash of 2007/8 was bipartisan in creation.

And most are too stupid to realize it and that is why we are heading for another crash.

[Cigar]

:rollseyes:

http://usingdata.files.wordpress.com/2011/07/nofaults.jpeg

http://www.angelasagelarsen.com/wp-content/uploads/2011/03/im-the-decider.jpg

[Peter1469]

You are either having a blast or you don't get it.

It is all of ours fault.

[Captain Obvious]

For the clown partisans, the market crash of 2007/8 was bipartisan in creation.

And most are too stupid to realize it and that is why we are heading for another crash.

The POTUS gets way, way too much credit/criticism for stuff that happens on their watch.

[Peter1469]

The POTUS gets way, way too much credit/criticism for stuff that happens on their watch.

True, there are bigger factors in the market than government policy.

[Cigar]

The POTUS gets way, way too much credit/criticism for stuff that happens on their watch.

http://www.corbisimages.com/images/Corbis-42-16670204.jpg?size=67&uid=a081473d-4e04-4c1f-965e-a78f119de7ad

[Reason10]

Well at least we got some growth, under George W we got recession

GW inherited a RECESSION from the LIAR/PEDOPHILE.
http://dailysignal.com/2012/09/07/two-huge-flaws-in-the-legend-of-the-clinton-economy/

The second flaw marring the Clinton economic story is recession. President Clinton did not leave his successor a booming economy. He left President George W. Bush a recession. The recession began in March of 2001, two months after Clinton left office. Even the most rabid leftist cannot blame George Bush for the 2001 recession. It was the Clinton recession.

Bush's job numbers are better than Ebola's.
http://meetthefacts.com/2010/07/14/fact-check-ed-gillspie-after-the-bush-tax-cuts-there-were-52-months-of-continuous-job-creation/

FACT-CHECK: Ed Gillespie – After the Bush tax cuts, there were 52 months of continuous job creation, the largest such period in American history (http://meetthefacts.com/2010/07/14/fact-check-ed-gillspie-after-the-bush-tax-cuts-there-were-52-months-of-continuous-job-creation/)
Today, 90 million Americans are out of work.

I think Barak Ebola LOSES this one.

[exotix]

For the clown partisans, the market crash of 2007/8 was bipartisan in creation.

And most are too stupid to realize it and that is why we are heading for another crash.
By the same token I suspect that's why McConnell stated *that the uptick in economic growth was because of the expectation of a new Republican Congress* ... *snicker*

[Peter1469]

By the same token I suspect that's why McConnell stated *that the uptick in economic growth was because of the expectation of a new Republican Congress* ... *snicker*

Other than a one day increase in the market, such a thing is not relevant to Wall Street.

[Cigar]

GW inherited a RECESSION from the LIAR/PEDOPHILE.
http://dailysignal.com/2012/09/07/two-huge-flaws-in-the-legend-of-the-clinton-economy/


Bush's job numbers are better than Ebola's.
http://meetthefacts.com/2010/07/14/fact-check-ed-gillspie-after-the-bush-tax-cuts-there-were-52-months-of-continuous-job-creation/

FACT-CHECK: Ed Gillespie – After the Bush tax cuts, there were 52 months of continuous job creation, the largest such period in American history (http://meetthefacts.com/2010/07/14/fact-check-ed-gillspie-after-the-bush-tax-cuts-there-were-52-months-of-continuous-job-creation/)


Today, 90 million Americans are out of work.

I think Barak Ebola LOSES this one.



Hey Reason ... if you wakeup tomorrow moring ... who's going to be in your Lilly White House? :afro:

[exotix]

Other than a one day increase in the market, such a thing is not relevant to Wall Street.
Well I mean it's not like McConnell called it bipartisan ... LOL

[Peter1469]

Well I mean it's not like McConnell called it bipartisan ... LOL

Think for yourself, lol.

[Ransom]

Just to show you the pattern Obama has used since coming into office. This from Dec 2009.... http://hotair.com/archives/2009/12/22/q3-gdp-revised-sharply-downward-again/

Almost two months ago, the Commerce Department cheered the announcement that the third quarter GDP had grown at an annualized rate of 3.5% (http://hotair.com/archives/2009/10/29/gdp-in-3rd-quarter-rises-to-3-5/). The Obama administration hailed it as a sign that their economic policies had spurred real growth. Even when Commerce sharply revised the number downward a month later to 2.8% (http://hotair.com/archives/2009/11/24/3rd-quarter-gdp-2-8-not-3-5/), the White House continued to argue that the lower number still meant that the US had turned the corner,

This from 2013

http://blogs.wsj.com/economics/2013/06/26/why-was-gdp-revised-down-so-much/

The economy expanded at a 1.8% annual pace in the first three months of the year, far slower than the 2.4% pace estimated just a month ago.

Stagnant, lifeless, leaderless......time for a change.