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Re: Obamanation 

By: killthecat in FFFT | Recommend this post (1)
Sun, 22 Jul 12 9:45 PM | 76 view(s)
Boardmark this board | Food For Further Thought 		Msg. 44433 of 65535
(This msg. is a reply to 44432 by zzstar)
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ZZ:

Tis a bleak outlook, especially when you factor in the $6 trillion that Obama and the Fed have spent keeping this sick puppy afloat.

Gross domestic product, the value of all goods and services the nation produced, rose at a 1.4 percent annual rate in the second quarter after a 1.9 percent gain in the prior quarter, according to the median forecast of 70 economists surveyed by Bloomberg News. Factory orders softened and new-home sales were little changed, other data may show.

Consumer purchases, which account for about 70 percent of the world’s largest economy, are weakening at a time Europe’s debt crisis and looming U.S. tax-policy changes threaten to further restrain corporate investment. The deceleration in growth, a concern Federal Reserve Chairman Ben S. Bernanke highlighted last week, will make it harder to trim unemployment stuck above 8 percent since February 2009.

“We’re seeing weak numbers pretty much across the board,” said Michael Hanson, a senior U.S. economist at Bank of America Corp. in New York. “Softening consumption is definitely a big part of the slowdown. The uncertainty over Europe and the fiscal cliff will impinge on business decisions and activity."

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The above is a reply to the following message:
Re: Obamanation
By: zzstar in FFFT
Sun, 22 Jul 12 9:22 PM 		Msg. 44432 of 65535

Under Romney, they would all be on the street, dying without health insurance.

The problem in this country is no one's telling the truth.

The truth is simple: We need 6% or more growth(only developing nations can ever attain such numbers) to recover the jobs Bush vacuumed out of the economy. A growth rate of 2.5% is what healthy advanced economies can sustain and thrive under. We're very close to that at 2%. Everyone knows that, but they won't say it.

Obama is trying to create the conditions for higher growth with long term technology initiatives, but the assholes only want to drill, and they are drilling. Drilling is not a long term solution anything. It is garbage, good only for local economies like N Dakota.

The truth is we WILL NOT reach 6% growth to recover those jobs. It isn't happening. If you don't have higher education, the Mexicans will eat your job. If you do, the younger kids will eat your job. Therefore, you have to do it on YOUR OWN, start a business, or work odd jobs.

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