Third-quarter GDP report is a big lump of coal
Another economic report, another downward revision to growth numbers once trumpeted as the sign that happy days were here again:
Real gross domestic product — the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.8 percent in the third quarter of 2011 … according to the “third” estimate released by the Bureau of Economic Analysis. In the second quarter, real GDP increased 1.3 percent.
The GDP estimate released today is based on more complete source data than were available for the “second” estimate issued last month. In the second estimate, the increase in real GDP was 2.0 percent ….
And in the first estimate, the increase in real (i.e., inflation-adjusted) GDP was 2.5 percent. Which means growth in the third quarter was much closer to the paltry rate we saw from April to June — well under the long-term trend rate of about 2.75 percent — than the encouraging, near-trend rate initially thought.
Consumer spending in the quarter was disappointing. So were corporate profits: After a banner year in 2010 that helped to fuel the anti-corporate protests this year, they’re on pace to grow more slowly than in even that dismal, recessionary year, 2009.
We can hope that the fourth quarter will have been better: The job-market numbers have at least shown some signs of firming up, though not of taking off. But as things stand, July to September represented the second straight quarter in which year-on-year growth was less than 2 percent. Research by the Federal Reserve indicates a 70 percent chance of a recession after even one quarter in which that’s the case.
Just in case you’ve waited until the last minute to put in your requests to Santa.
– By Kyle Wingfield
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102 comments Add your comment
saywhat?
December 22nd, 2011
12:34 pm
When the GOP decide to help the economic recovery instead of sabotage it, you will start getting the numbers you are looking for. I always predicted it would take 8-10 years to fully recover from the disaster that was the W presidency. It takes along time to climb out of the hole as deep as the one Republicans dug us into.
Fresh Prince of Belfast
December 22nd, 2011
12:35 pm
I keep waiting for the heroics of the private sector to save us; alas I fear we have been abandoned by them.
Sherlock
December 22nd, 2011
12:37 pm
But, but Georga Stephanopolos said …
Big Brother
December 22nd, 2011
12:50 pm
Boy, the Tree Hugging Clean Air Pure Water Sensitivity Trained Social Engineering Liberals/Progressives will be lined up to pawn this off. Lets see, I think it goes like this.
Rule # 1 – It’s George Bush’s fault.
Rule # 2 – Only Obama can save us.
Rule # 3 – All people paying taxes should pay more taxes so Obama can give more to those not paying taxes.
Rule # 4 – All corporations are evil and rich, unless they contribute to Democratic causes.
Rule # 5 – Anyone who disagrees with the above rules is racist.
Rule # 6 – Repeat Rules 1 – 5 above, over and over.
getalife
December 22nd, 2011
12:57 pm
Looks like another downgrade every two months because of the gop stunts to shut down government.
They deserve another downgrade.
JDW
December 22nd, 2011
12:58 pm
@Kyle, again the issue remains…poor though it is it is better than any identified alternatives.
Q3 2011 represents the 9th consecutive quarter of growth. During that time growth has averaged 2.35%. It also represents a second consecutive rise from the .4% growth in Q1, where we averted a double dip. It is improvement.
During Bush’s 8 year term growth averaged 2.03%. The only thing on the table so far is an extension of those failed policies. At least what we are doing now is better than that.
Don't Tread
December 22nd, 2011
1:06 pm
Wonder what the fourth and fifth revisions will say GDP was?
There’s been a lot of economic “revisioning” lately, no doubt by the same mindset that has passed no government budgets for the past few years, even though mandated by law. Creative accounting, indeed.
td
December 22nd, 2011
1:11 pm
saywhat?
December 22nd, 2011
12:34 pm
When the GOP decide to help the economic recovery instead of sabotage it,
That statement is coming from a prospective that believes government should be and is capable of helping the overall economy. The current Federal government has not helped the recovery and has really hindered the recovery by over regulation, rising debt and Obama care. The more government stays out of the way the faster the economy will recover.
td
December 22nd, 2011
1:14 pm
Big Brother
December 22nd, 2011
12:50 pm
Excellent analysis of what will happen on this blog now.
BULLSEYE
December 22nd, 2011
1:17 pm
td=total dork
td
December 22nd, 2011
1:19 pm
DW
December 22nd, 2011
1:15 pm
I see Billy (the dead drug addict that got hammered by Kyle two days ago) has come back on under another alternate name today but is up to the same lib mantra.
yuzeyurbrane
December 22nd, 2011
1:21 pm
the only trouble with td’s opinions is that there is little or no evidence to back them up. Recent surveys of businessman have rated regulation as a very insignificant factor in their investment decisions, rising govt. debt has not crowded out the private capital market which is flush with cash stuck in the mattress and the U.S. Treasury rates remain at record lows while the demand for them is high, and most of Obamacare has yet to even be implemented.
td
December 22nd, 2011
1:22 pm
BULLSEYE
December 22nd, 2011
1:17 pm
td=total dork
No you are wrong again. But I did just score another TOUCH DOWN by making a liberal act like a liberal. LOL
Hope you have a very Merry Christmas and pray that Santa brings you some intelligent my friend.
findog
December 22nd, 2011
1:23 pm
td, what “new” regulations that were not leftovers from W’s departments that they were already scheduled to take effect have hindered growth?
Dusty
December 22nd, 2011
1:24 pm
JDW
Well, you have now passed the final test for certifying yourself as a true Democrat! BUSH DID IT!!
Now repeat after me: OBAMA IS PRESIDENT NOW! He has been for three years.
Maybe Obama is a forgetable president. You don’t mention him much. He is supposed to be running the country, even while he makes re-election efforts his most notable “work”.
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
1:26 pm
GDP growth is pathetic. Growth following recessions has historically been above the long-run average, and growth has been stronger following deep recessions than shallow ones.
Obozo has so mismanaged the economy that two and a half years after the end of the recession, most people think we’re still in one.
But that’s what excessive regulation, uncertainty over tax rates, continual business bashing, and government hassling a la NLRB-Boeing will get you.
Obozo is a menace to freedom and economic growth and must be returned to public life next November.
a dad
December 22nd, 2011
1:27 pm
While part of me wonders whether agreeing to the two-month extension of payroll tax deductions currently on the table should be acceptable, I’m flabbergasted by those demonizing the GOP for insisting on a full year’s extension of that very same deduction. Doesn’t it seem logical that if a two-month extension is such a good thing that a full year’s extention would be even better? Am I missing something here (other than not letting the deduction expire in general)? Lib reasoning, or rather the lack thereof, simply amazes me to no end.
SwamiDave
December 22nd, 2011
1:28 pm
So…..
When we got the first celebratory “estimate”, we were told it was “evidence” of the “success” of PrezBO & his collectivist Keynesian brethren.
Now that we are getting second and third downgrade estimates as actual information trickles in, its “Bush’s fault” again.
Oh the joys of Liberalism – Take credit for what you didn’t do and Blame others for your own failures.
-SD
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
1:30 pm
what “new” regulations that were not leftovers from W’s departments that they were already scheduled to take effect have hindered growth?
—————
Perhaps you’ve heard of Obozocare? Higher taxes on health care providers, medical device developers, pharmaceutical companies? New environmental regulations with no cost/benefit rationale? The NLRB hassling of Boeing?
Wake up, receptacle.
Fresh Prince of Belfast
December 22nd, 2011
1:32 pm
Big Brother
December 22nd, 2011
12:50 pm
Boy, the Tree Hugging Clean Air Pure Water Sensitivity Trained Social Engineering Liberals/Progressives will be lined up to pawn this off. Lets see, I think it goes like this.
Rule # 1 – It’s George Bush’s fault.
Rule # 2 – Only Obama can save us.
Rule # 3 – All people paying taxes should pay more taxes so Obama can give more to those not paying taxes.
Rule # 4 – All corporations are evil and rich, unless they contribute to Democratic causes.
Rule # 5 – Anyone who disagrees with the above rules is racist.
Rule # 6 – Repeat Rules 1 – 5 above, over and over.
Get a new act already for god’s sake
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
1:32 pm
td, you must have really tweaked the libtards today! Quite the collection of hate-filled fact-free, spittle-laced invective being hurled your way.
Fresh Prince of Belfast
December 22nd, 2011
1:34 pm
td
December 22nd, 2011
1:19 pm
DW
December 22nd, 2011
1:15 pm
I see Billy (the dead drug addict that got hammered by Kyle two days ago) has come back on under another alternate name today but is up to the same lib mantra.
Deal with it bro
JDW
December 22nd, 2011
1:35 pm
@Dusty…”Well, you have now passed the final test for certifying yourself as a true Democrat! BUSH DID IT!!”
The comparison I made is accurate the conclusion you drew from it is yours.
“Now repeat after me: OBAMA IS PRESIDENT NOW! He has been for three years. ”
And as I pointed out we are doing better for it.
“Maybe Obama is a forgetable president. You don’t mention him much. He is supposed to be running the country, even while he makes re-election efforts his most notable “work”.”
I believe history will remember him as very average, unlike his predecessor who will fight for the bottom spot for years to come. If there were a better option I would take it but I am smart enough to know that Mittens or Newt aren’t it.
Fresh Prince of Belfast
December 22nd, 2011
1:36 pm
So far in this thread the only people talking about blaming Bush for the economy are Republicans!
DebbieDoRight
December 22nd, 2011
1:39 pm
I think Kyle sees dead people, (Cons “dying” at the polls over their latest “hold up the government” stunts).
Don’t worry Kyle — it’ll be o.k. Take another, “The Private Sector Will Save Us” pill.
Fresh Prince of Belfast
December 22nd, 2011
1:40 pm
Just a heads up, the only people who reply to and agree with TD are his alt accounts, it makes them easy to pick out.
Fresh Prince of Belfast
December 22nd, 2011
1:41 pm
Isn’t the GOP doing the same thing that got them in trouble after the Republican Revolution in the 90s? Holding the government budget hostage and stonewalling everything unless they got their way? It backfired on them then, and seems to be starting to do the same now.
td
December 22nd, 2011
1:45 pm
Lil’ Barry Bailout (Revised Downward)
December 22nd, 2011
1:32 pm
All I did was to agree with Big Brother on the lefts tactics and disagree about the role of government in the economy with Saywhat?
I guess the libs just found the lump of coal in their stockings and decided to blame me today instead of taking responsibility for their own actions for the past year.
DebbieDoRight
December 22nd, 2011
1:49 pm
He is supposed to be running the country, even while he makes re-election efforts his most notable “work”.”
Hmmm and let’s see what the Republican Congress think is the best “work” for them in 2012…..
The House will be in session less than one out of every three days next year, a slight decline from past years. House Republicans say they are running the place more efficiently and lawmakers need the time to be with constituents in an election year. Democrats say that’s too few days on the job during an economic crisis.
Under the tentative calendar, the House would have only six voting days in January. There would be three working days in August, when Congress usually takes off, and the House would be off from Oct. 5 until a week after Election Day on Nov. 6. The last scheduled session of the year would be on Dec. 14.
In 2008, the last presidential election year when Democrats controlled the House, the House met for 119 days.
Honestly, I can’t believe you posted something like that!! I mean REALLY?!? You REALLY posted that! hahahahahahahaha!!!! Can’t stop laughing….can’t stop laughing…….
BULLSEYE
December 22nd, 2011
1:50 pm
td=lil Barry Brown eye
DebbieDoRight
December 22nd, 2011
1:52 pm
Perhaps you’ve heard of Obozocare? Higher taxes on health care providers, medical device developers, pharmaceutical companies?
Did that happen this year ALREADY?!?! WTF!!! Do you guys actually READ what you post — or is English not your first language so you really don’t comprehend half of the crap you post?
jd
December 22nd, 2011
1:52 pm
House GOP brags it is stopping O’s agenda. Therefore, O’s agenda can’t negatively or positively affect the economy. Thus, GOP is responsible for GDP numbers.
Dusty
December 22nd, 2011
1:53 pm
Fresh Prince of Belfast,
I don’t believe that JDW is a Republican. He was the first to mention Bush and that was to blame him. Then he subtly suggests that he will vote for no Republican. Doesn’t like them!
So JDW is going to vote for a man whom he admits has hit bottom for his presidental actions.
Not a straight partyline Democrat? Who would have ever guessed? I think JDW may be trying to fool himself.
DebbieDoRight
December 22nd, 2011
1:53 pm
Oh the joys of
LiberalismRepublicanism – Take credit for what you didn’t do and Blame others for your own failures.THERE! Fixed it for ya! Don’t thank me. I do this out of love for my fellow man……….
td
December 22nd, 2011
1:54 pm
JDW
December 22nd, 2011
1:35 pm
Your first mistake is believing that true conservative thought Bush was one of us and not just another big government progressive on domestic policy. We had enough of Bush’s domestic agenda after the 2006 election and formed the tea party to deal with big government progressives from both parties. All Obama has done is continue with and enhanced Bush’s domestic progressive agenda just like he followed Bush’s foreign policy. The difference is that Obama has taken the progressive agenda to the socialist model.
DebbieDoRight
December 22nd, 2011
1:57 pm
dad: I’m flabbergasted by those demonizing the GOP for insisting on a full year’s extension of that very same deduction. Doesn’t it seem logical that if a two-month extension is such a good thing that a full year’s extention would be even better? Am I missing something here (other than not letting the deduction expire in general)? Lib reasoning, or rather the lack thereof, simply amazes me to no end.
Yes dad you are missing something. The part about “How we are going to PAY for the Full Year Deduction”. That’s the part neither party could agree on (at ths juncture), that’s why they only temporarily passed the bill.
td
December 22nd, 2011
1:57 pm
DebbieDoRight
December 22nd, 2011
1:49 pm
Again you believe government is the answer to our woes and not the problem. If Obama and the Democratic Senate is not going to cut government, reduce taxes and reduce regulation then it is the best move for the country that they do nothing at all.
Fresh Prince of Belfast
December 22nd, 2011
1:59 pm
td
December 22nd, 2011
1:45 pm
I guess the libs just found the lump of coal in their stockings and decided to blame me today instead of taking responsibility for their own actions for the past year.
You can be blamed for most of the bad posts around here
Dusty
December 22nd, 2011
1:59 pm
Well, hi, DebbieDoRight
Didn’t Dudley get home for Christmas? You seem a little off your “feed” and shooting off little pop items.
Well, don’t forget to mention that George W. Bush once choked on a pretzel. That seems to be a big “dishonor” you always like to mention. Even getalife has not mentioned that one yet.
Tommy Maddox
December 22nd, 2011
2:02 pm
Well it’s a good thing that those blasted corporations are making less money! That’ll show ‘em!
I bet it’s Pres. Bush’s fault too!
Howard
December 22nd, 2011
2:04 pm
And, if Republicans continue to hold up the payroll tax cut extension for the middle class and unemployment benefit extensions for those out of work they will be responsible for further weakening the economy. Republicans are driving the ship of state off a cliff out of blind obedience to Grover Norquist and the Tea Party.
Fresh Prince of Belfast
December 22nd, 2011
2:04 pm
Dusty
December 22nd, 2011
1:53 pm
Fresh Prince of Belfast,
I don’t believe that JDW is a Republican. He was the first to mention Bush and that was to blame him.
Read his post again, he said “…During Bush’s 8 year term growth averaged 2.03%. The only thing on the table so far is an extension of those failed policies. At least what we are doing now is better than that.”
Mentioning ≠ Blaming, he pointed out that the GOP is tabling the same policies as Bush. That doesn’t equate to blaming Bush.
Fresh Prince of Belfast
December 22nd, 2011
2:05 pm
Tommy Maddox
December 22nd, 2011
2:02 pm
Well it’s a good thing that those blasted corporations are making less money! That’ll show ‘em!
I bet it’s Pres. Bush’s fault too!
A piece of advice: try harder.
Kyle Wingfield
December 22nd, 2011
2:13 pm
Billy Mays Here/Fresh Prince/Taft Pack: I’ve give you this: You may be a troll, but you’re a hardy troll.
TimeForRealChange
December 22nd, 2011
2:18 pm
I love how so many liberals are all worked up over the payroll tax cut that will maybe make a $40 difference on a monthly paycheck, but don’t seem to care about the new EPA regulations that will cost consumers more than $40/month in increased energy costs, and Obama is blocking an oil pipeline that could bring jobs as well as lower costs for oil, with the added advantage of it not going straight to China.
Lest we forget, we have a President who promised sky high energy prices as a way to… Well, I’m not sure… To crush Americans? You guys who are worried about the possible non-extension of payroll tax cut (which has been shown to have no long term positive effect on the economy, but will help destroy social security faster) are going to love how your electric bills rise far more than $40 over the next year or so, thanks to your man Obama.
Dusty
December 22nd, 2011
2:18 pm
td
We may agree on many things but we differ somewhat on Georgie W. Bush. I am so glad he was president when 9/11 happened and it was he that pulled us to our feet. That I do not forget. A weak president could not have done it.
As to his economic decisions after the second election, he was facing a tidal wave and did what he could. The cost of TARP has been repaid. What exactly would you or anybody else have done?
I am afraid you did open the door for a Democratic washout and now we have a weak president and an ecnomy still wavering with an increased unbelievable debt. And this president wants to add more?
I see you dismiss Bush’s first years . Democrats laid the groundwork for Bush blame and you joined the chorus. I hope you don’t do it again because the Democrats are using the same methods they used before (but without ACORN and the likes).
Obama is not a president to lead us forward or uplift this country. Do not forget what we have learned.
carlosgvv
December 22nd, 2011
2:18 pm
Actually, corporations are awash in cash as they continue to lay off workers and pile the additional work on their remaining employees, who don’t dare quit. Meanwhile, the bought and paid for Republicans do exactly what they are told to do by their corporate masters. As long as the corporations are in the money and the Republican Tea Party is in power, I doubt that they give a flying fig about GDP.
td
December 22nd, 2011
2:20 pm
Kyle Wingfield
December 22nd, 2011
2:13 pm
Billy Mays Here/Fresh Prince/Taft Pack: I’ve give you this: You may be a troll, but you’re a hardy troll.
LMBO Kyle!!!!!! Dang I thought he/she was DW too.
Norquist was touched by Sandusky
December 22nd, 2011
2:25 pm
Funny to read how these keyboard ganagster call President Obama by another name. They will never say this to his face. You(gop) fools followed that villiage idiot from texas and the short man(grover) all these years. Now none of your candidates even want to mention bush by his name, let alone get an endorsement from him. You and your greed destroyed your party and your country. You cannot blame President Obama for your short comings(you gop’s with less than 3 inches)
td
December 22nd, 2011
2:25 pm
Dusty
December 22nd, 2011
2:18 pm
Please re read my post. I only mentioned his domestic policy. Bush was a GREAT President as far as protecting America from the Islamic terrorist.
I was also not talking about TARP because as much as I hate to admit it it was more than likely necessary to keep this country from a total collapse. I was more talking about No child left behind, Medicare part D and other actions that he followed the Democratic (Ted Kennedy) lead on helping pass. I was also talking about him not tackling the debt (although in his defense he probably did not have the time).
td
December 22nd, 2011
2:30 pm
TimeForRealChange
December 22nd, 2011
2:18 pm
So true. Plus do not forget that Obama’s energy policy has cost the average American over $4,000 per year in increased gas prices but you do not hear a peep out of them raising h3ll about these cost increases.
Dusty
December 22nd, 2011
2:32 pm
Fresh Prince or whomever you are,
When you call the policies of Bush “failed” you are not giving a compliment. You are trying to blame someone else for not doing well. Obama is the one failing. No matter whom he is following, his decisions are his responsibility.
td
December 22nd, 2011
2:33 pm
Norquist was touched by Sandusky
December 22nd, 2011
2:25 pm
Funny to read how these keyboard ganagster call President Obama by another name. They will never say this to his face.
What a Socialist? Please get me an audience with Obama and I will call him a straight out socialist right to his face.
GTPHISH
December 22nd, 2011
2:40 pm
Norquist was touched by Sandusky, I love the handle;
The same people who just revere Grover like he is the Pope also just fall all over themselves talking about how ’smart’ and what a ‘futurist’ NEWT is….SUCKERS
Too bad Chris Christie is not running, but, perhaps he and Newt could team up and run as the Fat Boys? That is the ticket, tipping scales across the country.
DebbieDoRight
December 22nd, 2011
2:42 pm
Again you believe government is the answer to our woes and not the problem.
I LIKE how you think you know me…….. KEWL……. can you read my mind too? Guess what I’m thinking about now.
I’ll give you a small hint: There’s your lips and its kissing something……
Kyle Wingfield
December 22nd, 2011
2:43 pm
Touched @ 2:25: It’s kind of like someone with a computer and a fake name talking bad about Grover, huh?
Courtney
December 22nd, 2011
2:43 pm
I’ve never seen a president spend four years blaming others for what happens on their watch. Obama is the WORST president in history by far and the only president with accumulated negative GDP growth.
DebbieDoRight
December 22nd, 2011
2:48 pm
Dusty: Well, hi, DebbieDoRight
Hi Dusty!! Happy Holidays!!! Miss ya over on Bookman’s Blog — too many men over there, not enough girls.
Didn’t Dudley get home for Christmas?
He’s home – came home for Thanksgiving and won’t go back until the 1st of April. Guess what he wants for Christmas? That’s right you guessed it, ANOTHER championship for Auburn!! I told him to close his eyes, click his heels and say, “Cam Newton, Cam Newton” 3x’s and see if that works.
You seem a little off your “feed” and shooting off little pop items.
Gotta find joy in my day. You know how it is……
Well, don’t forget to mention that George W. Bush once choked on a pretzel. That seems to be a big “dishonor” you always like to mention.
Girl I have the youtube download, (of the reenactment) on my phone!! When I get a little blue,I click on that bad boy and it perks me right up!!
I Even getalife has not mentioned that one yet.
getalilfe is cool, but he doesn’t get the subtle joy from innanity like I do…..
JDW
December 22nd, 2011
2:52 pm
@TD…”Your first mistake is believing that true conservative thought Bush was one of us and not just another big government progressive on domestic policy.”
Problem is that is the same story no matter the Republican. I posted this the other day but it illustrates the point.
These numbers use the last year of the prior president for comparison in each case so Obama’s comparison point for % calculations is 2008 and I shifted $200 billion in 09 from Bush to Obama to account for stimulus and TARP. The dollars are constant 1983 dollars.
Republicans increase spending more in EVERY case and Obama’s spending/projections are on the very low end of increases…
86% Reagan FY 82 to 85
31% Reagan FY 86 to 89
55% Bush 1 FY 90 to 93
31% Clinton FY 94 to 97
22% Clinton FY 98 to 01
53% Bush II FY 02 to 05
37% Bush II FY 06 to 09
32% Obama FY 10 to 13
One of these days I will include Nixon/Ford and Carter…I bet the trend holds.
DebbieDoRight
December 22nd, 2011
2:54 pm
love how so many liberals are all worked up over the payroll tax cut that will maybe make a $40 difference on a monthly paycheck, but don’t seem to care about the new EPA regulations that will cost consumers more than $40/month in increased energy costs, and Obama is blocking an oil pipeline that could bring jobs as well as lower costs for oil, with the added advantage of it not going straight to China.
Now WWFS, (What Would Forest Say), to that ^^ comment?
Oh got it! “Stooopid is as stooopid does!”
PS: don’t worry — life is like a box of choclates………
DebbieDoRight
December 22nd, 2011
2:57 pm
Please get me an audience with Obama and I will call him a straight out socialist right to his face.
[This Part Will Be Finished By Debbie 'Cause She Knows What Else He REALLY Wanted To Say Too....]
Please get me an audience with Obama and I will call him a straight out socialist right to his face……while I run away screaming like a little bitty girl ’cause before the Presiden’t body guards kick my stoooopid azzz all over the place…….
carlosgvv
December 22nd, 2011
2:58 pm
Courtney – 2:43
And of course you believe that Big Business and the Republicans have been striving as hard as possible since 2008 to relieve the plight of the American worker? Sure boobie, sure.
R
December 22nd, 2011
3:00 pm
Would some PLEASE tell me who left Washington with work undone and how that’s the GOP’s fault?
Harry Reid (D) and the SENATE… The CORE of the DO Nothing Congress in 2011. Even OBAMA can’t get the MAN and his crew back …
td
December 22nd, 2011
3:00 pm
JDW
December 22nd, 2011
2:52 pm
Your numbers are a little out of context. The Republican Presidents you cited (with the exception of Bush 1) had to spend a great deal of money to build back up the military that the former Dem Presidents had gutted. Do you remember the end of the cold war “Peace Dividend” from Clinton and Carter gutted the military so bad that he could not even get into Iran to try to rescue our hostages. Besides the military, can you name any actual cuts the Democratic Presidents have made?
joe
December 22nd, 2011
3:03 pm
This country has been going to Hades in a hand basket ever Obama the great took over. $15 Trillion in debt and counting. We’re screwed if he’s re-elected. God help us…
td
December 22nd, 2011
3:05 pm
DebbieDoRight
December 22nd, 2011
2:57 pm
Pretty funny but so untrue. The secret service would not do anyting as long as I did not threaten Obama.
JDW
December 22nd, 2011
3:05 pm
@TD…ok I can’t let this pass…”Bush was a GREAT President as far as protecting America from the Islamic terrorist.”
I suppose that’s why his first Principles meeting on the KNOWN THREAT posed by Osama Bin Laden/Al Qaeda was held in, coincidentally September 2001! In spite of this memo by Richard Clarke dated a timely January 25 2001 that was ignored…ahhh what the heck he was only Chief Counterterrorism Adviser to the National Security Council. What could he have known.
Yes indeedy he was all over it.
http://www.gwu.edu/~nsarchiv/NSAEBB/NSAEBB147/index.htm
JDW
December 22nd, 2011
3:07 pm
@TD…”Your numbers are a little out of context. The Republican Presidents you cited (with the exception of Bush 1) had to spend a great deal of money to build back up the military that the former Dem Presidents had gutted.”
HORSE HOOEY
DebbieDoRight
December 22nd, 2011
3:15 pm
Would some PLEASE tell me who left Washington with work undone and how that’s the GOP’s fault?
There they go again!!! It’s amazing!! Do they actually READ what they blog, or do they just write anything they heard on LimpBalls show? The SENATE already passed a cohesive, although temporary solution. Is the republican congress scared of cohesiveness is that why they’re intent on holding up (hijacking) the legal system so that they can play partisan politics, AGAIN?
Harry Reid (D) and the SENATE… The CORE of the DO Nothing Congress in 2011.
I bet you put that sh###3t on everything huh?!
DebbieDoRight
December 22nd, 2011
3:17 pm
Pretty funny but so untrue. The secret service would not do anyting as long as I did not threaten Obama.
yes, but I can DREAM can’t i?
And yeah it WOULD be funny!! But you’d be famous……. you’d probably be bigger than joe the plumber! They can call you “Bob, the guy that got his azz kicked by the CIA!”
I can see your name in lights………..
MarkV
December 22nd, 2011
3:19 pm
Kyle’s article-
An emphasis on the slow growth in the log past third quarter, not much to mention on the claims for jobless benefits down to lowest level since spring 2008 and other good news. Not that we should be surprised.
Also, Kyle, do you still hold the opinion from yesterday:? “ “MarkV @ 10:26: Do you really think the public is going to name a “winner” here?” “Anyone who has been paying attention for more than two minutes ought to realize that, and declare a pox on all their houses.”
In spite of the WSJ editorial, and opinions of so many prominent Republicans, scared by the effect on the elections?
Rafe Hollister
December 22nd, 2011
3:19 pm
Everyone who voted for Obama should get a lump of coal. They will find it comes in handy, if he ever gets his wish, and triples or quadruples the price of energy.
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
3:27 pm
If you’re counting on the government to help you get even with the productive, you juuuust might be a loser Democrat.
MarkV
December 22nd, 2011
3:29 pm
Dusty @2:18 pm “… Georgie W. Bush. I am so glad he was president when 9/11 happened and it was he that pulled us to our feet.”
Remarkable, praising a president with respect to a terrorist attack that happened on his watch. I hope you will remember that when something happens on Obama’s watch.
Dusty
December 22nd, 2011
3:40 pm
Dear Debbie,
Good to have you here WHETHER I LIKE IT OR NOT! No, truly, nice to hear from you. Glad you came by. I could not take Bookman’s anymore. Beyond the pale, shall I say!!
So Dudley is home!!! And Auburn will never be the same or something and championship is the word! Awww, I’m still pulling for the Braves! Auburn who?
Oh yeah, getalfe & inanities! getalife IS an inanity! Long may he live at Bookman’s (and not here).
Gotta run. Christmas is so much fun. Tree lights going, ribbons hanging, cards coming, carol singing, Claxton awaiting, and homemade (not by me) peanut brittle adorning my table. And the best is yet to come. Yep, I love it. Have a good one.
PS..pleae tell JDW that it is not HORSE HOOEY. It is HORSE HOCKEY. I know ’cause I watch M*A*S*H. He’s always wrong!
michelle
December 22nd, 2011
3:50 pm
Dusty: merry xmas.
OBAMA 2012: For the best Christmas we’ve ever had. Isn’t it true?
pb
December 22nd, 2011
3:51 pm
So what is the real point of talking about these GDP numbers? If it was a Republican in the White House, you Kyle supporters would be saying how great the figures are. The way you interpret the numbers totally depends on your political point of view, of course!
td
December 22nd, 2011
3:58 pm
DebbieDoRight
December 22nd, 2011
3:17 pm
Pretty funny but so untrue. The secret service would not do anyting as long as I did not threaten Obama.
yes, but I can DREAM can’t i?
And yeah it WOULD be funny!! But you’d be famous……. you’d probably be bigger than joe the plumber! They can call you “Bob, the guy that got his azz kicked by the CIA!”
I can see your name in lights………..
The headlines would read “Another TOUCH DOWN scored by the conservatives”!!!!
JDW
December 22nd, 2011
4:06 pm
@Dusty…”pleae tell JDW that it is not HORSE HOOEY. It is HORSE HOCKEY. I know ’cause I watch M*A*S*H. He’s always wrong!”
Ahhh the Republican conformist in you coming out…step out…live a little…you don’t always have to follow someone else’s lead.
Big Brother
December 22nd, 2011
4:06 pm
Keep up the good work TD! Gotta go but I’ll leave this for the liberals/progressives since they love to bash Bush. Nothing is going to get better until the housing market improves. Her is a little history lesson for all.
Remember how we got here and who is to blame….a brief history lesson:
1977: Jimmy Carter (D) signs the Community Reinvestment Act, guaranteeing homes loans to low-income families.
1999: Bill Clinton (D) puts the CRA on steroids by pushing Fannie Mae & Freddie Mac (F&F) to increase the number of sub-prime loans (owning a home is now a ‘right’.).
1999 (September): New York Times publishes an article, ‘Fannie Mae Eases Credit To Aid Mortgage Lending’, which warned of the coming crisis due to lax lending policies of the Clinton (D) administration.
2003: White House calls Fannie and Freddie a “systemic risk”. The Bush (R) administration pushes Congress to enact new regulations.
2003: Barney Frank (D) says F&F are “not in a crisis” and bashes Republicans for crying wolf and calls F&F “Financially Sound” Democrats block Republican sponsored regulation legislation.
2005: Fed Reserve Chairman Alan Greenspan voices warning over F&F accounting “We are placing the total financial system of the future at a substantial risk”
2005: Sen Charles Schumer (D) says “I think F & F over the years have done an incredibly good job and are an intrinsic part of making America the best-housed people in the world.”.
2006 Sen. John McCain (R) again calls for reform of the regulatory structure that governs F&F.
2006: Democrats again block reform legislation.
2008: Housing market collapses: Democrats blame the Republicans.
Obviously the Republicans aren’t free of guilt concerning the cause of this crisis because they didn’t try hard enough to prevent it and in some cases allowed it to happen (one of the reasons conservatives and independents disliked Bush by the way and one of the reasons that many of those votes went to Obama as a ‘protest’ against Bush’s liberal tendencies). But as can plainly be seen the Democrats hold the lion’s share of blame for the housing market melt down we’re currently enjoying.
michelle
December 22nd, 2011
4:07 pm
No, pb, it’s not how you interpret the numbers depending upon whether you’re right or left, but it’s how you look while you’re saying what you’re saying while interpreting the numbers.
We elect the beautiful or picturesque people.
JF McNamara
December 22nd, 2011
4:09 pm
Oh no, the sky is falling. The economy is only growing at 1.8%! Corporate profits rose, but they aren’t rising as fast as they were and only established a new record by a small amount! It’s 2008 all over again!
As long as the recession is not accompanied by a housing and banking crisis, we’ll be fine. We average about two recessions a decade since the depression.
Meanwhile, I couldn’t find a park at the mall, and my 401K just keeps going up. We had the biggest black Friday and Cyber Monday ever and people are back to regular levels of consumer spending. Unemployment is improving as well.
pb
December 22nd, 2011
4:15 pm
Michelle,
I’m all for beautiful people, but don’t know what that has to do with this subject. Unless you are talking about the shallowness or superficiality of some people in who they vote for ? Not everybody elected has to be “pretty”, don’t think…
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
4:17 pm
Fresh Prince of Belfast: I keep waiting for the heroics of the private sector to save us
————————–
If we are to be saved, it is the private sector that will do it. If you’re waiting for government to do it, you’re an idiot and a loser. Get a job, get a haircut, and no, I don’t have any spare change for you.
saywhat?
December 22nd, 2011
4:24 pm
td @ 2;25 “I was also talking about him (Bush) not tackling the debt (although in his defense he probably did not have the time).
The boy Blunder had 8 years to do it starting with a budget surplus, and your a little dissappointed in him. Obama has had 3 years so far, coming out of the worst depression in 90 years, and because he hasn’t succeeded yet he’s the worst president ever?
Michael H. Smith
December 22nd, 2011
4:26 pm
Hopefully optimistic at best to see some firming job numbers. Somber to say the least with those FED indicators. Apprehensive with this reality: “It ain’t over, till it’s over, over there”. Remember those words my friend, they are more then just a slogan and words to a popular song from World War I, Kyle.
michelle
December 22nd, 2011
4:27 pm
No, pb, it’s not about beauty. It’s about credibility. Reagan and Lincoln probably was the most credible prez’s we ever had. Why? Because using video and contemporary accounts, there was something about the DELIVERY.
Politics is all about how you look while you’re saying whatever it is that you’re saying.
Truth? I defer to Pontius Pilate when he asked Christ, “What is truth?”
Christ wisely remained silent. Einstein explained why.
michelle
December 22nd, 2011
4:29 pm
If any of you can respond credibly to my last comment, then know this: You shall see paradise.
Jklol.
michelle
December 22nd, 2011
4:30 pm
No, I was only kidding people. I mean, Come On.
Michael H. Smith
December 22nd, 2011
4:41 pm
John 3:16 and I’m not kidding.
Have a “Merry Eternal Salvation”, Bill O’Reilly.
Hillbilly D
December 22nd, 2011
4:41 pm
In my neck of the woods, people are still losing their jobs, houses are still being foreclosed on and businesses are still closing up. I heard a report on the radio today (GA News Network) that unemployment is down in 23 counties. That means it’s not in 136. I keep track of all my expenses each year, utilities, insurance, taxes, things I have to pay, not discretionary spending. Last year they were up 7% and this year, they’re up over 6%. I don’t really see where the “there’s no inflation” talk comes from.
I think we’re in a long, slow decline and don’t think we’ll ever see things where they were again. Of course, the last 10-15 years, most of the financial gains were smoke and mirrors, anyway.
We’ve done a fine job of growing China, though.
michelle
December 22nd, 2011
4:48 pm
Only Christ knows why he was supposed to mimic a lamb’s sacrifice of a religious nut. I mean, who really believes that they can save their own souls by bullfighting? or mimicking the lamb thing.
Scenario: Bullfighting in the Garden of Eden: I keel da toro 4 der Goddenheimer. Imagine that God told Eve that she was to convince Adam to taunt the bull with a red cloth. and then stick the
You all can write the rest of this bit.
GOD: “Olay “support the troops” Isn’t that what all of the GOP yelled while we slaughtered innocent babies and women and old men in Iraq? Olay?
lsn’t a savagery a savagery? It doesn’t matter the scenario, or the narrative. We blew it. We should have been looking out for each other and instead all we could think about was protecting our own, which is a poor justification for slaughtering innocents.
michelle
December 22nd, 2011
4:50 pm
I am embarrased to have voted for W. I wish I was dead.
He did it. He did it with eyes wide shut. Cheney. People, keep me away from that SOB and POS.
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
4:50 pm
Big Brother
4:06 pm
————————–
Excellent post. Also note that the bailout of eeeeevil private sector Wall Street banks (TARP) cost $25 billion. The bailout of Fan and Fred has cost $141 billion and it isn’t done yet–estimate is that it could go to $250 billion.
td
December 22nd, 2011
4:56 pm
michelle
December 22nd, 2011
4:50 pm
I bet you have no problem at all slaughtering the innocent unborn in this country?
michelle
December 22nd, 2011
5:03 pm
Hillbilly: I appreciatge your efforts. But read your own post. It’s unreadable.
Look. I love you man. But never use the phrase discretionary spending. It glazes over the eyes of all readers.
Just talk to us. Just say it.
You can do it.
Unless you’re a Bookman plant and a coddled troll from hell just trying to bait us out.
Bookman indulges people. you could say that there is a group of commenters that Bookman indulges. Like a group of whales is called a “pod of whales”, I guess it’s proper for me to refer to the large group of imbeciles that Bookman coddles on this blog as a “Bookman of Sphincters”.
I don’t know why he turned against me in favor of the total geniusesthat populate this blog.
I guess I’ll never know. Maybe it’s so that he could create a controversial coup and everyone loves to tune in to a controvery.
Michael H. Smith
December 22nd, 2011
5:06 pm
HD, you’ve said or rather repeated, what nearly every conservative blogger on this site has said at least once but here is the real kicker that is going to beat obumer and the dems…
It is how we and those in your neck of the woods, as well as in all other areas of the country, shall answer this question:
http://www.youtube.com/watch?v=loBe0WXtts8
All I'm Saying Is...
December 22nd, 2011
5:16 pm
Wingfield is trying to diminish the truth: The economy is growing, has been for quite some time and is strengthening in a measured “non-bubble” manner. There is zero chance of a double-dip recession.
From the non-partisan AP:
“The steady decline may also herald a further decline in the unemployment rate, which fell in November to 8.6 percent from 9 percent the month before. The December rate will be announced Jan. 6.
If unemployment claims keep declining, the unemployment rate might fall as low as 8 percent before the November elections, said Dan Greenhaus, chief global strategist at BTIG LLC, a boutique brokerage.
The presidential election will turn on the economy. Ronald Reagan holds the post-World War II record for winning a second term with the highest unemployment rate. He won in 1984 with unemployment at 7.2 percent.
Economists will also watch closely on Jan. 6 to find out how many jobs were added this month. It added at least 100,000 each month from July through November, the best five-month streak since 2006.
“When you fire fewer people, hiring unquestionably follows,” Greenhaus said. He expects employers to create as many as 200,000 jobs per month if the trend continues.
In another encouraging report Thursday, the Conference Board’s index of leading economic indicators rose strongly in November for the second straight month, suggesting that the risks of another recession are receding.
The index puts the economy on track to grow at a 4 percent annual rate in the fourth quarter, which ends this month, said Ian Shepherdson, chief U.S. economist with High Frequency Economics.
The economy hasn’t posted 4 percent growth or stronger since the first quarter of 2006, when it grew at a 5.1 percent rate. The best it has done since the recession was 3.9 percent, in the spring of 2010.”
In Popular Culture
December 22nd, 2011
5:48 pm
td
December 22nd, 2011
4:56 pm
michelle
December 22nd, 2011
4:50 pm
I bet you have no problem at all slaughtering the innocent unborn in this country?
I bet you have no problem eliminating healthcare benefits for poor folks once they are born?
Lil' Barry Bailout (Revised Downward)
December 22nd, 2011
6:26 pm
“I bet you have no problem eliminating healthcare benefits for poor folks once they are born?”
————————–
Why are poor folks having babies they can’t pay for?
Oh, right, they know they can vote Democrat and have someone else pay their bills for them.
Thanks, parasites. Thanks, Democrats.
Julius Perving
December 22nd, 2011
10:46 pm
Lil’ Barry Bailout (Revised Downward)
December 22nd, 2011
6:26 pm
Why are poor folks having babies they can’t pay for?
Oh, right, they know they can vote Democrat and have someone else pay their bills for them.
Don’t be a child. Poor whites who do vote will almost certainly vote Republican. Poor blacks will likely not vote, period.
People like you have long said “if you can’t afford a baby, don’t have one,” but that does nothing to actually prevent births into poverty, it’s just reactionary, partisan drivel. Plus, you actively want to prevent them from being taught any sex ed but abstinence (a proven failure), you don’t like the idea of free condoms for teens, and obviously you’re anti-abortion. So you are setting them up to fail.
The core psychology of your argument is a struggle for control; i.e., you still innately want to control women because you’re a man and they should obey you. Patriarchy at its finest. You lack fundamental compassion for others–the irony of which is that you probably consider yourself “a good Christian.”
Lee
December 23rd, 2011
11:10 am
You think these number are bad, just wait until the effects of the OBAMA EPA rules regarding mercury emissions of power plants take effect. http://www.ajc.com/business/epa-issues-mercury-reduction-1267220.html