If this is a recovery, what the hell would a depression be like???

[rushmc 23]

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Q2 GDP SLASHED TO 1.3%

Revised DOWN from 1.7%
http://www.businessinsider.com/final-q3-gdp-2012-9

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Durable goods drop worst since recession

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(Reuters) - New orders for long-lasting U.S. manufactured goods in August fell by the most in 3-1/2 years, pointing to a sharp slowdown in factory activity even as a gauge of planned business spending rebounded.

The Commerce Department said on Thursday durable goods orders dived 13.2 percent, the largest drop since January 2009, when the economy was in the throes of a recession. Orders for July were revised down to show a 3.3 percent increase instead of the previously reported 4.1 percent gain.

More downward revisions

http://www.reuters.com/article/2012/09/27/us-usa-economy-durables-idUSBRE88Q0S720120927

Why would anyone want to keep Obama in office?

Oh ya, its Bush's fault

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

More good news

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Low-wage work force grows 30% as the number of jobs shrinks

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That’s according to a new report released by Chicago-based Women Employed and Action Now Institute that shows nearly one in six low-wage workers here last year held a college degree.

The report, authored by Marc Doussard, assistant professor in the University of Illinois at Urbana-Champaign’s Department of Urban and Regional Planning, defines low-wage workers as those making $12 an hour or less.

The report revealed the share of payroll employees ages 18 to 64 working in low-wage jobs rose from 23.8 percent in 2001 to 31.2 percent last year. That’s a more than a 30 percent rise in the proportion of such workers

And this is good???

http://www.suntimes.com/15379932-761/low-wage-work-force-grows-30-as-the-number-of-jobs-shrinks.html

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Report: Median Household Income Down 1.1% in August, More Than 8% Under Obama

http://news.investors.com/092512-626958-household-income-down-82-under-president-obama.aspx

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[normiss 851]

but but but.....

He supports gay rights!

He supports women's rights!!

He almost ignores foreign relations!!!

[pirana 0]

This has been smoldering for 4 decades; with the odd splash of gas thrown on here and there by short-sighted leadership. Neither Obama nor anyone else is going to end it quickly.

And no, this is not a recovery. I'm afraid we are still a ways from bottoming out, possibly quite a long way.

" . . . the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley

[rushmc 23]

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This has been smoldering for 4 decades; with the odd splash of gas thrown on here and there by short-sighted leadership. Neither Obama nor anyone else is going to end it quickly.

And no, this is not a recovery. I'm afraid we are still a ways from bottoming out, possibly quite a long way.

I think there is a simple, but not painless, fix to this

And the biggest step is shrinking the gov by more than 30% right off the bat

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,106]

To answer the question in your title, it would be rather like the last year of GWB's presidency.

...

The only sure way to survive a canopy collision is not to have one.

[shah269 0]

Well baby bush's wars didn't help matters.
Nor did his helping the top 1%.

That said yeah it's a very fucked up position.

We are in a stagflation and it will hurt for a very long time.

http://en.wikipedia.org/wiki/Stagflation

Life through good thoughts, good words, and good deeds is necessary to ensure happiness and to keep chaos at bay.

The only thing that falls from the sky is birdshit and fools!

[rushmc 23]

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To answer the question in your title, it would be rather like the last 2 years of GWB's presidency.

And Obama has made it better

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,106]

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To answer the question in your title, it would be rather like the last 2 years of GWB's presidency.

And Obama has made it better

Yes. Growth is better than decline.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

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To answer the question in your title, it would be rather like the last 2 years of GWB's presidency.

And Obama has made it better

Yes. Growth is better than decline.

Then show us some meaningful growth

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,106]

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To answer the question in your title, it would be rather like the last 2 years of GWB's presidency.

And Obama has made it better

Yes. Growth is better than decline.

Then show us some meaningful growth

You already did, 1.3% and 3.3%

Better than any decline like we saw at the end of Bush's administration.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

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To answer the question in your title, it would be rather like the last 2 years of GWB's presidency.

And Obama has made it better

Yes. Growth is better than decline.

Then show us some meaningful growth

You already did, 1.3%

Better than any decline.

A small 1.3% is OK at the cost of the middle class?

WOW, that is a big switch for you

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,106]

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To answer the question in your title, it would be rather like the last 2 years of GWB's presidency.

And Obama has made it better

Yes. Growth is better than decline.

Then show us some meaningful growth

You already did, 1.3%

Better than any decline.

A small 1.3% is OK at the cost of the middle class?

WOW, that is a big switch for you

Trying to wiggle out of your silly OP now?

I'll take +1.3% over negative anything.

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

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Report: Median Household Income Down 1.1% in August, More Than 8% Under Obama

At what cost?

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[kallend 2,106]

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Report: Median Household Income Down 1.1% in August, More Than 8% Under Obama

At what cost?

So you tell us the economy is growing (albeit slowly) but middle class incomes are down. I guess the 1% are skimming the cream again. (Actually I KNOW, no need to guess).

...

The only sure way to survive a canopy collision is not to have one.

[rushmc 23]

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Report: Median Household Income Down 1.1% in August, More Than 8% Under Obama

At what cost?

So you tell us the economy is growing (albeit slowly) but middle class incomes are down. I guess the 1% are skimming the cream again. (Actually I KNOW, no need to guess).

Actually, should you go back and really read my question about growth, you will find I asked you to show me any meaningful growth

1.3% growth in the GDP does not add jobs and is not what is needed to get us out of this mess

But, I know you think we can tax our way out of this

Good luck with that

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[loch1957 0]

I rarely debate politics but come on rushmc, you really need to study economics a tad better. But if anyone thinks this is all Obama's fault you really need to go have a smoke and relax a bit. On the average it takes 3 to 5 years for a economic major change to filter down. It doesn't just stop when a new president walks in.

Example since you and normiss are the only two posters I'll use you both as example. Normiss has a business and you take it over. How long will it take for all of his decisions to no longer play a role in this business? I know its simplified but consider it, it could take years if ever. Just look at a simple loan he took out or back taxes, or the fact he was sneaking money out for hookers and blow, and surprise you now are deeper in a hole. Now not every thing can be blamed on this delayed impact but economic decisions defiantly can be, at least in part.

Now that being said I did not vote for Obama, in my humble opinion hes defiantly not our greatest president. (trying to be nice)

Disclaimer: (I am in no way trying to say Bush ever used blow and/or hookers)

Avoiding danger is no safer in the long run than outright exposure. Life is either a daring adventure, or nothing.”

[kallend 2,106]

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Report: Median Household Income Down 1.1% in August, More Than 8% Under Obama

At what cost?

So you tell us the economy is growing (albeit slowly) but middle class incomes are down. I guess the 1% are skimming the cream again. (Actually I KNOW, no need to guess).

Actually, should you go back and really read my question about growth, you will find I asked you to show me any meaningful growth

1.3% growth in the GDP does not add jobs and is not what is needed to get us out of this mess

But, I know you think we can tax our way out of this

Good luck with that

If Romney paid income tax at the same rate I do, it would generate enough revenue to train dozens hundreds of unemployed veterans for new jobs.

...

The only sure way to survive a canopy collision is not to have one.

[normiss 851]

I simply see this as statistical 'modelling'.
You can massage numbers to support any perspective.

[rushmc 23]

You can massage numbers to support any perspective.

[normiss 851]

Quite nice of him to make up for it in charity.

Seems you could step that up a tad John.

[rushmc 23]

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I rarely debate politics but come on rushmc, you really need to study economics a tad better. But if anyone thinks this is all Obama's fault you really need to go have a smoke and relax a bit. On the average it takes 3 to 5 years for a economic major change to filter down. It doesn't just stop when a new president walks in.

Example since you and normiss are the only two posters I'll use you both as example. Normiss has a business and you take it over. How long will it take for all of his decisions to no longer play a role in this business? I know its simplified but consider it, it could take years if ever. Just look at a simple loan he took out or back taxes, or the fact he was sneaking money out for hookers and blow, and surprise you now are deeper in a hole. Now not every thing can be blamed on this delayed impact but economic decisions defiantly can be, at least in part.

Now that being said I did not vote for Obama, in my humble opinion hes defiantly not our greatest president. (trying to be nice)

Disclaimer: (I am in no way trying to say Bush ever used blow and/or hookers)

No, I dont think it is just Obama's fault

No way the mess we are in can be created in 3 or 4 years

This all started with FDR

But what Obama wants to do is Expand the new deal

This will move us even faster in the wrong direction

Hope this clears up my position

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rushmc 23]

If Romney paid income tax at the same rate I do, it would generate enough revenue to train dozens hundreds of unemployed veterans for new jobs.

[kallend 2,106]

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Quite nice of him to make up for it in charity.

Seems you could step that up a tad John.

Yes, the Latter Day Saints must be very pleased that their riches have been increased.

...

The only sure way to survive a canopy collision is not to have one.

[billvon 3,070]

Congratulations! You simultaneously blamed Obama for the economy then bitched about people who blamed Bush! A reversal in two sentences. Not a new record for you but an excellent effort.