doublegunshop.com - home Forums Ken Burn's Teddy R.

King, it was a terrible mistake.

Cooked numbers purposefully meant to deceive by Obamanite bean counters. These are the same guys who decided to leave the costs of food and gas out of the inflation index. What a sick joke. The REAL inflation rate is far higher then this "administration" is reporting.
Jim

Growth and GDP and lack of both are predicated more on what's happening in the world than the doings of the White House occupant.

US looking pretty good today. Any credit to Obama is that he did what all the West's leaders did to ease the misery. Nothing more.

Canada did better than the rest because of a regulatory system that doesn't allow the moneymen to do as they please.

I wonder why yours and Bill's search function is different from mine. Is it the feature or the person sitting behind the screen that can extrapolate that we'd all go hungry if big gov didn't tell farmers how to farm.

I wonder if google could dig deeper into unemployment numbers, debt, deficit spending, quantitative easing, woman's pay disparity in the bo admin, success rate on the war on poverty, success or popularity of ocare, mixed policy signals on the war on terror, broken campaign promises, broken speech promises while in office, number of rounds of golf, number of campaign and fundraising miles on airforce one, number of radical terrorist clerics that visited the wh, hate crime tactics, vacation accommodations for felony border trespassers.

I apologize for missing things that might be searched and not being all inclusive. Maybe though, failed policy might be recognized, questioned and stopped rather than lock step endorsed because they'll generally make libs feel good. By the way, do you feel good about this completely current admin created middle east quagmire, that'll cost billions as well as lives. Did I mention there's no goal, solutions or answers, certainly not if you string the last few weeks of prompter reads together.

Of course the West went for Keynes. Keynesian policies serve the Government and the rulers in power. All at the expense of individual freedom. That's like saying Russia went for the Bolsheviks and expecting it to mean something. Typical statist religious drivel to rationalize your unconstitutional sociopathy.

Comrade King,

Not only are you a statist religious sociopath, but you must be a drug addict as well. You should check your prescriptions, and ask your government doc to ease up on the hallucinogenics. The American economy has not improved. Since its been covered so many times I won't go into it, but you really are a duped buffoon.

It was reported just today that 72% of Americans still think we're in a recession(and guess what we are!). The other 28% are probably brain dead Obamanites!
Jim

If you use the same formulation of the Carter years, it's been running at around 15%. For virtually all of Obama's time in office.

Pity you don't read the papers, Ken. I wrote: "US looks pretty good today." In fact, the S&P 500 jumped more than 15 points or 0.8 per cent yesterday, and is now less than one per cent below its record high. As for the year, here's Wikipedia:

"US real GDP contracted by 2.1% in the first quarter of 2014, the first decline since 2011. However in the second quarter of 2014, the US GDP grew by 4.2%, reversing the contraction seen in the first quarter and surpassing previous estimates."

Looks like an improvement to me, considering powerful forces beyond US control: the euro zone in a perilous state, China's commodities reaching their limits, its central bank trying to shore up slowing economic growth.

US relatively good shape compared to the rest of the world, Ken.

Comrade King,

The S&P, as well as The Market in general, now reacts favorably to bad or neutral economic news. It means that the wholesale theft of citizen's wealth called "Quanitative Easing" will continue. The GDP formulation was changed once Obama took office. The new formula adds approx. 3% of non-existent growth (yearly basis) to the reporting. When you say "4.2%" its really 1.2%, then divide by four since it's for one quarter. So, in reality, the economy grew perhaps one-fourth of one percent for the second quarter. What we have is Stagflation, just like the Carter years. Virtually all the stock market gains have been due to inflation with the monetization of our own debt, all at the expense of the citizenry. It's criminal. Pity you're a Dupe, Comrade King.

http://www.marketplace.org/topics/economy/us-economy-grow-3-under-new-gdp-calculation