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Oculus Spirit [97738]
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Good news...good news
May 2, 2014, 5:05 PM
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Obama added 288,000 jobs last month.
Ummm....bad news is 806,000 stopped looking for work and dropped out of the labor force.
Good news, those 806,000 are no longer unemployed! Employment rate drops to 6.3%.
Good news....those 806,000 people are still eating, driving, watching cable, soaking up the AC, and someone else is paying for their sustenance. That's a total of 91.8 million Americans not working. We should be in the middle of an art renaissance according to Nancy Pelosi.
Bad news...GDP grew by .1% last quarter.
I think in another year or two Obama's recovery will have lasted as long as Bush's recession.
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Legend [15749]
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Point for "art renaissance" line. ******
May 2, 2014, 5:07 PM
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All-In [34598]
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dont forget, it is ol' man winter's fault...I think that
May 2, 2014, 8:01 PM
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makes 5 yrs in a row Obumma's blamed winter weather.
And please credit Obummacare for saving the GDP, according to libbie sources
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All-In [25712]
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Re: Good news...good news..Home Ownership Up Under Obama
May 2, 2014, 9:19 PM
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With O's great economic jobs recovery plan, by the end of his term, if we are lucky, most Americans will be unemployed, not looking for work, we will have full employment according to the cooked books, and higher HC costs will drive the gdp up by at least 0.2%, if winter never returns to America again.
And we should have a plethora of new poets and artists to entertain us while we don't seek employment doing our part to reach full employment. This making my head spin. Spinning pearls outta tirds like the liberals do is dizzing.
Ain't life great!
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All-In [34113]
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Re: Good news...good news
May 3, 2014, 10:19 AM
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How come you didn't announce it when GDP grew by 2.6% in the 4th quarter of 2013? Just prefer when there's bad news?
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Oculus Spirit [97738]
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Good news = 3 bad news = 2***
May 3, 2014, 4:45 PM
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All-In [34113]
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? = 2.6
May 3, 2014, 5:18 PM
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Regardless, here's some good news: 3Q 2013 = 4.1% growth.
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All-In [25712]
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Re: ? = 2.6
May 3, 2014, 7:42 PM
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Well, if we want to look back at some history, try the highest GDP growth rate in US history of 17.20 Percent in the first quarter of 1950. I also have it from a reliable source that there was a winter in 1950. Whoda thunk it!
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All-In [34113]
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Re: ? = 2.6
May 3, 2014, 8:17 PM
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Wait, so weather isn't the only factor? Wow!
OK, so are you saying that 4% GDP growth isn't good? Just asking. Apparently everyone forgot to notice the 4% growth but those same people are ALL ABOUT the terrible 0.1% last quarter! Wonder why.
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All-In [25712]
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Re: ? = 2.6
May 3, 2014, 8:36 PM
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Yes. 4% growth is good.
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Letterman [295]
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Re: ? = 2.6
May 4, 2014, 7:52 AM
[ in reply to Re: ? = 2.6 ] |
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Q3 - 4.1%, Q4 - 2.6%, Q1 - .1%... That is not an encouraging trend
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All-In [34113]
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Re: ? = 2.6
May 4, 2014, 1:42 PM
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Then won't you be happy next quarter when it goes up again.
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Letterman [295]
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Re: ? = 2.6
May 5, 2014, 7:22 AM
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I'll be very happy when it goes up, but it has almost no where to go but up from .1%.
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All-In [34113]
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Re: ? = 2.6
May 5, 2014, 11:26 AM
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Almost nowhere to go, except it can go into the negatives (you know, like in recessions?) so actually it has plenty of where to go.
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Oculus Spirit [97738]
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I said 3 good news things, and 2 bad news things
May 4, 2014, 1:13 PM
[ in reply to ? = 2.6 ] |
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More than balanced, and certainly optimistic. My post wasn't really about the GDP figure, I just threw that in there so I didn't appear to just be giving the good news.
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All-In [34113]
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Good point.
May 4, 2014, 1:47 PM
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And yes, unemployment has been steadily dropping. It's still not nearly as low as the lowest point in recent history, which was at the very end of Clinton's presidency. But it's a huge improvement from the 10% high in 2009, which had not been seen since Reagan's presidency.
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Oculus Spirit [97738]
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Almost identical....
May 4, 2014, 3:34 PM
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All-In [34113]
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Re: Almost identical....
May 5, 2014, 11:35 AM
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While I totally agree that the labor force participation rate has fallen by around 3% in the past decades, the charts are misleading because the units are very different on the Y-axis. It has been estimated that up to 1/3 of the recent drop in unemployment is due to people retiring, but the chart suggests that it's 100% of the cause by fudging the Y-axis.
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Heisman Winner [111647]
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Re: I said 3 good news things, and 2 bad news things
May 4, 2014, 2:47 PM
[ in reply to I said 3 good news things, and 2 bad news things ] |
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oooh, oooh, let me try.
Good news, Benghazi is still in the headlines after 20 months and Hillary has still not announced she is running in 2016.
Bad News, nobody flew 2 jets into the side of the world trade center and a third into the Pentagon, despite repeated warnings from intelligence officials, under Obama's presidency.
How did I do?
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CU Medallion [50635]
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not bad but you missed the part
May 4, 2014, 2:48 PM
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where the pentagon plane never existed
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Heisman Winner [111647]
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Re: not bad but you missed the part
May 4, 2014, 3:17 PM
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then there is the controlled demolition theory and building 7, but just wanted to keep it simple.
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CU Guru [1071]
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Re: Good news...good news
May 4, 2014, 4:57 PM
[ in reply to Re: Good news...good news ] |
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Ronald Reagan would have considered 2.6% bad news
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All-In [34113]
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Re: Good news...good news
May 5, 2014, 11:37 AM
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Did he consider the first year of his presidency (2.6% GDP growth) bad news? P.S. How did you determine what % rates of growth President Reagan was aiming for? tia
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Replies: 22
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