Dear Toppy: GDP growth -0.1%

Jarod said:
Supercandy is so excited, hes been calling for an Obama recession for four years now and once... so far... we have a very slight contraction. Even a broken clock is right twice a day.
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Yet, you are never right. Further proof that even a broken clock is smarter than you
 
Darla said:
I just bought a new car, I'm excited! I pick it up tomorrow. So I am doing my part!

The economy is going to be picking up steam over the next quarter btw.
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Doing your part to kill the environment! You should have bought a bike instead.
 
Darla said:
Oh I'm sure it's huge, and all very phallic and will guzzle gas at a neanderthal rate.
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lol... got to be big enough to haul gear + 4 peeps for vball, camping, skiing, etc...

but not to worry, I made sure to by the most American I could... Nissan Xterra 2012, lava red...
 
Superfreak said:
lol... got to be big enough to haul gear + 4 peeps for vball, camping, skiing, etc...

but not to worry, I made sure to by the most American I could... Nissan Xterra 2012, lava red...
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I have two trucks. One 8 cylinder for regular drivin and my big ole diesel for raw power and towing
 
Superfreak said:
We should keep on with trillion dollar deficits so that we can fuck over future generations with our greed.
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Now I believe in responsible spending and not letting the deficit balloon, so no argument there. But I never got this business about "future generations." Huh? I never blamed my parents for the way the economy is today, and doubt my kids will do the same to me in the future. There are just too many variables to consider when future projections are made.
 
Darla said:
I just bought a new car, I'm excited! I pick it up tomorrow. So I am doing my part!

The economy is going to be picking up steam over the next quarter btw.
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Good for you! If this means you're doing better now than you were four years ago, let's all wish for more of the same. I know my family's doing a lot better.
 
christiefan915 said:
Now I believe in responsible spending and not letting the deficit balloon, so no argument there. But I never got this business about "future generations." Huh? I never blamed my parents for the way the economy is today, and doubt my kids will do the same to me in the future. There are just too many variables to consider when future projections are made.
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For me personally I don't look at how the economy is performing today and blame (or thank) my parents but I think there is something to be said for the amount we of debt we inherit and the services we receive (or won't receive) as a result of that debt. As a member of Gen X I have no problem stating Baby Boomers have been very selfish and Gen Xers and those below us are going to have to pay more and receive less as a result.

(Republican-Democrat is the easiest to argue with male/female behind it. You thrown in a generational battle then all of a sudden political leanings and gender are out the window.)
 
christiefan915 said:
Now I believe in responsible spending and not letting the deficit balloon, so no argument there. But I never got this business about "future generations." Huh? I never blamed my parents for the way the economy is today, and doubt my kids will do the same to me in the future. There are just too many variables to consider when future projections are made.
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That is because the deficit spending problem escalated slowly starting with Kennedy, Johnson, Nixon, Ford, Carter. Escalated with Reagan, Bush, Clinton, and the first 7 of Bush's years. Then went full on insane in year 8 of Bush and each of Obama's.

All that adds up to $16+ trillion in debt. More than a years worth of GDP... and it doesn't even begin to address the massive underfunding of Medicare. The balloon was being blown up by our parents and currently we continue puffing away. Eventually it will explode. My guess is that it will be on the echo boomers and their kids. Unless we do something about it. $11 Trillion or so in the past decade is what we have added. It is our obligation to pay that back in the next 15-20 years with interest (at the longest). We will never accomplish this (obviously) if we continue amassing $600B+ in deficit spending every year for the foreseeable future.
 
christiefan915 said:
Good for you! If this means you're doing better now than you were four years ago, let's all wish for more of the same. I know my family's doing a lot better.
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Out of curiousity, how does one buying a car today imply if they are doing better or worse than they were four years ago?
 
Govt spending has been the main thing propping up the "economy" for over a decade.

In any case the parking lot at the one remaining mall in town is pretty full.
 
Superfreak said:
That is because the deficit spending problem escalated slowly starting with Kennedy, Johnson, Nixon, Ford, Carter. Escalated with Reagan, Bush, Clinton, and the first 7 of Bush's years. Then went full on insane in year 8 of Bush and each of Obama's.

All that adds up to $16+ trillion in debt. More than a years worth of GDP... and it doesn't even begin to address the massive underfunding of Medicare. The balloon was being blown up by our parents and currently we continue puffing away. Eventually it will explode. My guess is that it will be on the echo boomers and their kids. Unless we do something about it. $11 Trillion or so in the past decade is what we have added. It is our obligation to pay that back in the next 15-20 years with interest (at the longest). We will never accomplish this (obviously) if we continue amassing $600B+ in deficit spending every year for the foreseeable future.
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What will happen when "it" explodes?

Also, we aren't ammassing $600+ in deficit spending for every year for the foreseeable future. In fact, the deficit is shrinking at the fastest pace since WWII, and that's before the recent revenue increases:

http://news.investors.com/blogs-cap...eficit-falling-fastest-since-world-war-ii.htm
 
cawacko said:
Out of curiousity, how does one buying a car today imply if they are doing better or worse than they were four years ago?
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Well I wasn't doing bad four years ago really. My last rocky time was about 2003/2004, big life change for me. But I'm doing better than four years ago, sure. 328i coupe, deep sea blue metallic...that is good enough for Darla!

Obama has been just fine for me.
 
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