What conservatives don't get

[Guns Guns Guns]

Government cuts slow economic recovery





Federal government spending dropped 5.6 percent, with military spending down 8.1 percent. Spending by state and local government dropped by 1.2 percent.



Continuing losses of state and local government jobs also continue to drag down monthly employment numbers.



These trends raise questions about the course of federal budget policies that will be argued throughout this presidential-election year.



"The big declines in defense outlays won't continue, but it does highlight the headwinds from what will be a long period of declining government spending," said Mark Zandi, chief economist for forecaster Moody's Analytics.


"This isn't boom times, but it is enough to generate enough jobs to push unemployment slowly lower," Zandi said.


"Having said this, growth in the quarter was less than expected, mostly because of sharp declines in defense spending and weak business investment."



The latter numbers highlighted a divide between businesses, which appear to be thriving, and workers.


Corporate profits rose by nearly 7 percent in 2011, according to Commerce Department figures, while employee compensation rose less than 5 percent.



Despite the surge in corporate profits, business fixed investment fell 2.1 percent, spending on business structures plunged a whopping 12 percent and spending on equipment was up by a weak 1.7 percent, which partly reflects the end of a tax break for business investment last year.



"Businesses are flush right now, but they are very scared. They are hoarding their cash rather than distributing it in hiring, investment or giving it to shareholders," said Scott Hoyt, senior director of consumer economics at Moody's Analytics.



The weak business spending stood in stark contrast to a 2.9 percent increase in personal-consumption expenditures, which account for about 70 percent of the economy.



"Given corporate profits, you might have hoped for more investment growth," said Bill Craighead, an economics professor at Wesleyan University in Middletown, Conn.


"It's acceptable growth in the normal economy, but given how many people are unemployed, it is disappointing."





http://seattletimes.nwsource.com/htm...75_econ28.html

[gui1tars]

Most self described conservatives have no clue as to what macro economics is all about. But, they will come up with a good (albeit untrue) bumper sticker. They might even put a rebel flag on it just for pissazz.

[Guns Guns Guns]

Most self described conservatives have no clue as to what macro economics is all about. But, they will come up with a good (albeit untrue) bumper sticker. They might even put a rebel flag on it just for pissazz.

I wonder how many of the board's righties owe their jobs (if they have one) to government spending?

Wanna bet they will yelp "it's Obama's fault" like scalded puppies if the Tea-rorist's plans to shut down the government ever succeed and they lose their entitlements?

[Rune]

Government cuts slow economic recovery





Federal government spending dropped 5.6 percent, with military spending down 8.1 percent. Spending by state and local government dropped by 1.2 percent.



Continuing losses of state and local government jobs also continue to drag down monthly employment numbers.



These trends raise questions about the course of federal budget policies that will be argued throughout this presidential-election year.



"The big declines in defense outlays won't continue, but it does highlight the headwinds from what will be a long period of declining government spending," said Mark Zandi, chief economist for forecaster Moody's Analytics.


"This isn't boom times, but it is enough to generate enough jobs to push unemployment slowly lower," Zandi said.


"Having said this, growth in the quarter was less than expected, mostly because of sharp declines in defense spending and weak business investment."



The latter numbers highlighted a divide between businesses, which appear to be thriving, and workers.


Corporate profits rose by nearly 7 percent in 2011, according to Commerce Department figures, while employee compensation rose less than 5 percent.



Despite the surge in corporate profits, business fixed investment fell 2.1 percent, spending on business structures plunged a whopping 12 percent and spending on equipment was up by a weak 1.7 percent, which partly reflects the end of a tax break for business investment last year.



"Businesses are flush right now, but they are very scared. They are hoarding their cash rather than distributing it in hiring, investment or giving it to shareholders," said Scott Hoyt, senior director of consumer economics at Moody's Analytics.



The weak business spending stood in stark contrast to a 2.9 percent increase in personal-consumption expenditures, which account for about 70 percent of the economy.



"Given corporate profits, you might have hoped for more investment growth," said Bill Craighead, an economics professor at Wesleyan University in Middletown, Conn.


"It's acceptable growth in the normal economy, but given how many people are unemployed, it is disappointing."





http://seattletimes.nwsource.com/htm...75_econ28.html

They get it fine, they don't give a shit. Their masters are enjoying massive profit growth, excess job applicants and downward wage pressure.
What is not to like for a GOP panderer?
Best part is they can blame Obama and the idiots believe them.

[gui1tars]

They get it fine, they don't give a shit. Their masters are enjoying massive profit growth, excess job applicants and downward wage pressure.
What is not to like for a GOP panderer?
Best part is they can blame Obama and the idiots believe them.

There is a collective truism in there. I hope others read it and agree.

[Conservative]

Wat libtards don't get is that America can't afford another 4 years of Socialist tax and spend Obamanomics.

[Rune]

Wat libtards don't get is that America can't afford another 4 years of Socialist tax and spend Obamanomics.

Democrats ARE the fiscally conservative party, moron. In the past 30 years, look at who has blown out the budget, and who has paid it down.

[gui1tars]

Democrats ARE the fiscally conservative party, moron. In the past 30 years, look at who has blown out the budget, and who has paid it down.

Another truth that the moronic righties will deny and reject. The records are the records.

[Rune]

Another truth that the moronic righties will deny and reject. The records are the records.

That's why it makes me sick that these assholes are constantly on Obama about spending. Bush pushed it into the stratosphere, during an economic boom, and no one gives a fuck. Hypocritical shitbags.