Revised GDP <1% for 2016. FED talks about rate increases??

cawacko said:
How long can they keep rates this low? Money isn't free. Inflation will hit at some point
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Japan has had interest late's around 0% for decades, and it hasn't had much inflation yet. This is the new normal of a modern economy. Low growth, low interests rates bumping up against 0%.
 
cawacko said:
I think a large part is due to the additional regulations that have been placed on the private sector that is inhibiting growth. (And before someone jumps in, as they inevitably will, and claim I want zero regulations, that is not what I'm saying and please don't come with that straw man.)

Entrepreneurship, new businesses, is actually down in this country and that's where a majority of our growth comes from. Small banks are getting punished by Frank-Dodd and as such are lending less. Small businesses get most of their loans from smaller banks so you where this is going. Between the regulations Sarbenes-Oxley and Frank-Dodd have put on the private sector it's not surprising we are seeing less companies go public, especially these unicorns.

America's private sector is the greatest growth engine in the world. There is a definite need for government here as they have to set the rules and enforce them but it's not gov't that's creating the jobs and leading economic growth. We need to unleash our greatest economic weapon, not suffocate it as we are now.
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Frank Dodd didn't go far enough. MORE REGULATION! WE NEVER NEED A REPEAT OF 2008! YOU GUYS LEAD US STRAIGHT BACK INTO THE GREAT DEPRESSION AGAIN! THIS IS ALL YOUR FAULT!
 
How long after you destroy our economy does it take the free market nutjobs to demand that we repeat all the same mistakes that lead us to destroying it in the first place? Out of control banks are the problem, not the solution!
 
Oceanhawk said:
When in history have tax cuts ever had a positive effect on economic growth? Why do people buy that hook, line, and sinker when there's zero evidence for it? The GOP keeps cutting and cutting everywhere, and they get nothing for it. Just look at Kansas, a wreck. I'll take no tax cuts, thankyou very much. Don't destroy our economy by cutting taxes.
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Coolidge, Kennedy, Reagan, Clinton and Bush

Pretty much every time they are tried. It is like abstinence
 
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Leonthecat said:
Okay Ralphie boy. But will you rise up?
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Rise up? Why? Eventually the Constitution will put a stop to the crony capitalism. That's the nice thing about living in a republic...when idiots attempt to put into place SOCIAL DEMOCRATIC POLICIES...they always fail...for good reason, the market refuses to take any outside manipulation without "consequences". When THE PEOPLE finally hit rock bottom due to socially engineered policies like the current "Cloward/Pivon" policies now in place by left wing nuts...they THE PEOPLE will clean house the constitutional method...by firing their asses. This current election cycle is just the tip of the ice-burg that's coming your way. both parties demonstrated strong turn-out against the GOOD OLE BOYS in DC. The only reason Hillary got in was due to a fixed contest from the beginning.
 
Oceanhawk said:
Eisenhower? FDR? Tax cuts have zero correlation with economic growth. All you do is cherry pick good examples, I can do the same.
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Right....you "documented" the hell out of this one after pulling an OPINION out of your ass. Try debunking the REAL DOCUMENTED EVIDENCE. www.heritage.org/research/reports/2003/08/the-historical-lessons-of-lower-tax-rates

All you need do is prompt the footnotes that documented the history actual that demonstrates that lower taxes indeed stimulates the economy. Zero Correlation? Really? LMAO:palm: Speaking of a 'pot' calling a 'kettle' black...you offer nothing but ad hominem BS...and of course you will not present anything that debunks the evidence documented by the Heritage Foundation..why? Because truth is not subject to refutation....all you will do is engage in some type of personal attack, perhaps attacking the source...but providing nothing of any objective worth to debunk anything. Its the standard "MO". Maybe, just maybe you might surf the next and attempt to parrot some left wing proponent of Government spending used to artificially and temporarily stimulate the market place.

If you want to see the real results of Government Spending in order to correct a "depressed" market....just read the words of FDR's own Sec. or the Treasury during the left wing GREAT DEPRESSION that lasted over a decade...all overseen by an FDR administration....Henry Morgenthau. https://en.wikipedia/wiki/Henry_Morgenthau_Jr.

Note the quote from Mr. Morgenthau concerning SPENDING: "We have tried spending money. We are spending more money than we ever have before AND IT DOES NOT WORK. And I have just one interest....and if I am wrong...someone else can have my job. I want to see people get enough to eat. WE HAVE NEVER MADE GOOD ON OUR PROMISES...I SAY AFTER 8 YEARS OF THIS ADMINISTRATION WE HAVE JUST AS MUCH UNEMPLOYMENT AS WHEN WE STARTED...AND AN ENORMOUS DEBT TO BOOT." -- Henry Morgenthau Jr. Sec. of the Treasury FDR administration.

There you have it. When you attempt to spend your way out of any depression all you get is INDEBTED. No one can borrow their way to prosperity. Sure people will take your money, the way the Banks on Wall St. did with the supposed stimulus...but the only thing stimulated was their own bottom line....MAIN ST. is still suffering. The only reason this administration can point to the fake unemployment numbers is simple....this administration has reduced the national labor force to its lowest in over 30 years...1978 was the last time a labor force was so reduced by left wing policies...does Mr. Peanut ring a bell?

You want to see the real accomplishments of the left wing policies. Look at the actual unemployment rates of young people between the ages of 18-35... especially YOUNG BLACK ADULTS....it hovers around 20%.

www.pewsocialtrends.org/files/2012/02/STD-Youth-and-Economy.pdf
 
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