Celticguy (01-30-2023), Earl (01-30-2023), Pointgold (01-31-2023), PostmodernProphet (01-30-2023)
Democrats have never understood the term "disposable income" or maybe they have and don't want American Citizens to have any!
he latest numbers from the Bureau of Economic Analysis show that the U.S. economy grew by 2.9 percent in the fourth quarter of last year, and 2.1 percent for 2022. While the White House was quick to take credit for the state of the nation’s economy, they might want to think twice. This latest report should have alarm bells ringing, not trumpets sounding.
That’s because economic growth is slowing down. Even the areas which contributed positively to gross domestic product (GDP) are not necessarily signs of prosperity. For example, business investment grew at only 1.4 percent in the fourth quarter, but that was almost entirely inventory growth. Nonresidential investment, a key driver of future economic growth, was up just 0.7 percent.
Meanwhile, residential investment fell off a cliff, dropping 26.7 percent as consumers were unable to afford the combination of high home prices, high interest rates and falling real incomes. No wonder homeownership affordability has fallen to the lowest level in that metric’s history.
https://www.foxbusiness.com/markets/...ning-sign-1932
Doc Dutch finally admits he is a steaming pile of chickenshit!
Celticguy (01-30-2023), Earl (01-30-2023), Pointgold (01-31-2023), PostmodernProphet (01-30-2023)
World Bank warns of looming global recession | PBS NewsHourhttps://www.pbs.org › newshour › economy › world-ba...
Jan 10, 2023 — Though the United States might avoid a recession this year — the World Bank predicts the U.S. economy will eke out growth of 0.5 percent ...
"I mean, you got the first mainstream African-American who is articulate and bright and clean and a nice-looking guy. I mean, that's a storybook, man."
— Joe Biden on Obama.
Socialism is just the modern word for monarchy.
D.C. has become a Guild System with an hierarchy and line of accession much like the Royal Court or priestly classes.
Private citizens are perfectly able of doing a better job without "apprenticing".
this is a coordinated effort to attack the new republican led congress as being responsible for impending economic collapse
A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.
Earl (01-30-2023)
Guno צְבִי (01-30-2023), Joe Capitalist (01-30-2023), Phantasmal (01-31-2023)
Guno צְבִי (01-30-2023), Joe Capitalist (01-30-2023), NiftyNiblick (01-30-2023)
Apparently the OP doesn't understand the term 'supply and demand'. Just a completely stupid thread.
Will there be a recession? There always is. And there is always a recovery. It's called the economic cycle. The Biden Administration has done a magnificent job of smoothing the peaks and valleys. Evidence of that is low unemployment, prices coming down, and mild GDP growth. This site is replete with economic know nothings that view every piece of economic news through a partisan lens.
Guno צְבִי (01-30-2023), Phantasmal (01-31-2023)
A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.
I have a masters, dude. You know absolutely nothing. It's remarkable. You idiots have been screaming that sky is falling since Obama was elected. You have been wrong EVERY SINGLE TIME. Your batting average is .000.
What data in the GDP report hasn't 'been seen since 1932' and what does it suggest to you. In your own words. I'll wait.
Guno צְבִי (01-30-2023)
A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.
I have absolutely no reason to entertain your stupidity in answering a question at your demand. Any moron who believes that raising the debt ceiling so we can pay our bills without lowering any spending isn't qualified to run a lemonade stand, let alone a national economy
A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.
In other words, you have no idea how to answer the question. Because you don't know anything about economics.
Strawman argument. I NEVER said that we shouldn't cut spending. But 'cutting spending' is a simpleton argument. First, there are two ways to bring down deficits, decreased spending with negative ROI, and increased revenues. I believe both should be done, but targeted to items with low ROI or negative. You are a simpleton with a rusty scythe, and I am a highly educated person with a scalpel.
Now, can you answer the question without lying about my position? I'll bet no.
Guno צְבִי (01-30-2023)
A sad commentary on we, as a people, and our viewpoint of our freedom can be summed up like this. We have liberals and conservatives, Democrats and Republicans, yet those very people look at Constitutionalists as radical and extreme.................so those liberals and conservatives, Democrats and Republicans must believe that the constitution is radical and extreme.
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