Economy picking up steam?

Discussion in 'Too Hot for Swamp Gas' started by gatordowneast, Aug 1, 2013.

  1. gatordowneast
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    gatordowneast Well-Known Member

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    Where? In the reporters imagination? In DC? Where? College kids need to be taught to read everything coming out of the MSM with extreme skepticism. It seems very few in the media can tell the truth.

    Notice the spin...economy revs up to 1.7% growth only because they revised Q 1 figures down to 1.1% growth. Is this growth or a rounding error? If they had left Q 1 at 1.8% as originally estimated, what would the headlines be today with 1.7% for Q 2? And if in 3 months Q 2 is revised down, what will the spin be?

    Gang, the nation is in an economic funk. We are on a treadmill with an inability to absorb new graduates into the labor force. Our job creation is mostly part time service workers.

    "The government on Wednesday sharply revised downward its estimate of growth in the January-March quarter to a 1.1 percent annual rate from a previously estimated 1.8 percent rate."

    http://www.pressherald.com/business/economic-growth-picking-up-steam_2013-08-01.html
  2. oldgator
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    oldgator Premium Member

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    go back to Breitbart if you want to hear the spin you want to read/hear
  3. gatordowneast
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    gatordowneast Well-Known Member

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    Old, this is an AP article out of an extreme lefty libby newspaper. If you had read the article, you would know this. Right out of the MSM and Regime playbook. For those of us not collecting government checks, this propaganda has significance. For those collecting government checks, handouts etc...not so much. As long as the checks keep clearing...all is well. I'm sure that's what Detroit pensioners thought too.
  4. oldgator
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    oldgator Premium Member

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    like I wrote---

    go back to Breitbart if you want to hear the spin you want to read/hear.
  5. PSGator66
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    PSGator66 Well-Known Member

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    Oldgator - are you fredsanford reincarnated? Everything is spin to you if it doesn't support your liberal mind set.
  6. gatordowneast
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    gatordowneast Well-Known Member

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    I think he's likely getting government checks and will remain of his current mindset until the checks stop. (See Detroit pensioners)
  7. g8trjax
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    g8trjax Well-Known Member

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    If there's one thing our government is good at, besides pissing money away, it's propaganda.
  8. Jaggator
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    Jaggator Well-Known Member

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  9. gatordowneast
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    gatordowneast Well-Known Member

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    ^^^^this^^^^
  10. secgator
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    secgator Well-Known Member

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    You beat me to it. Sounds identical to something freddy would say...except fred pretty much only mentions FOX.

    Now when old starts bitching about successful, wealthy people---there will be no doubt on the connection.:grin:
  11. reformedgator
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    reformedgator Premium Member

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    Sanford & Son?
  12. geauxgator1
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    geauxgator1 Well-Known Member

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  13. RealGatorFan
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    Until we unwind the Fed easy money and get the debt back to under 10 Trillion, this economy is on egg shells. It'll do fine as long as there are no surprises. The Fed has to unwind the easy money soon or the economy will never return. God forbid inflation hits...imagine saying goodbye to Medicare or SS because we need the money to pay the interest on debt.

    Like I said in numerous other threads.....even if we stopped paying everything not mandatory like medicare and SS and interest on debt, we are still short about $250 Billion each year. Oldgator, if you have time look up all of the programs considered discretionary and then cross each one off. We are still short by $250 Billion. Something has to give soon. You can't tax your way out either.
  14. neisgator
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    neisgator Belligerent Gator

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    What a great response.
    /sarcasm
  15. chemgator
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    chemgator Well-Known Member

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    With Obama's help, the economy has been picking up hot air, but no steam. Apparently the new magic number is 30. If you keep employee hours below 30, you don't have to pay Obamacare tax. The other magic number is 49. Keep your number of employees below 50, or risk going bankrupt. Obama was foolish enough to think he could create mandates for people to do what he wanted, and there would be no unintended consequences. Obama did create quite a large number of jobs--part-time jobs. Unfortunately, he also killed a number of full-time jobs in the process.
  16. gatordowneast
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    gatordowneast Well-Known Member

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    Unfortunately Chem, who is trumpeting these awful policies in the media? And many of us see it. A friend who works for Winn Dixie told me several months ago that WD is moving all part time employees and some full time employees to under 30 hours to cut costs due to implementation of ACA. We've all read stories of other companies doing the same. Businesses and Business owners are not stupid...they will do what they must to survive the "well intentioned libbie lefties" who seem to be of the mindset "what is good for thee is not necessarily for me." It is like the issue with school choice...the libbie elites who are trust fund types are against vouchers and school choice but yet choose to send their kids to elite prep schools. Huh.
  17. The_Graygator
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    The_Graygator Well-Known Member

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    Labor Participation Rate drops again, hence the lower unemployment numbers.

    And if any think 1.8% growth is something to be proud of, they're nuts. If we're to ever get this economy rolling again, we need five times that rate, and that will NEVER, EVER happen under Obama.
  18. shelbygt350
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    shelbygt350 Well-Known Member

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    The real economy is smoke and mirrors.

    DEBT !!

    The Big Debt Train is running downhill at 150 mph and the USA is tied to the tracks at the bottom of the hill.

    Devaluation of currency on horizon. Welcome to the $40 breakfast, $8/gallon gas, $200 Holiday Inn Express room, $10 Starbucks, $2500/month apt rent.
  19. jimgata
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    jimgata Premium Member

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    953,000 jobs reported as added this year, 731,000 were part time.
    Another 240,000 left the work force the past mo..
    How can the economy grow without without adding meaningful jobs?
    Obama spaeks on inequality, but the gap berween the rich and poor has increased under Obama. Words don't do it, action does and he has done nothing to increase the plight of the poor and has only hurt it. The 85 billion each month kicked in by the feds, has done nothing but made stock investors richer.
  20. dadx4
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    Inflation will explode once Bernanke stops buying. That's the only reason we are still at low inflation now, he can't keep doing this forever.

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