U.S. Economy Grew at 3.2% Rate in the 4th Quarter

[dmcowen674]

Uh, I'm not America, and my country is humming along better than the rest of the world.

I also vote in every Federal election in my country, I do my bit.

For the record, it's not about the 'older generation' screwing anyone over. It's a numbers game. As time goes on we have significantly more commitments to the elderly, with a shrinking working population.

It's hard to come out ahead.

and what country are you in, Monaco?

 

[LegendKiller]

Quote:
Originally Posted by soccerballtux
Yeah I'm kinda irritated that our cable internet is going to be like $45 instead of $30, last year during recession it was all $30 smooth sailing.



Dude, it's all connected and part of the plan.

More importantly it has boosted food costs worldwide nearly 50% in many places.

People are starving and revolting, can't blame them.

The food costs increased for many reasons, including poor crop yields, Australia...etc.

 

[dmcowen674]

The food costs increased for many reasons, including poor crop yields, Australia...etc.

Oh please, the U.S. is the biggest reason for the jump.

The Heartland used to be the biggest exporter for the world for wheat.

Now it's all corn fields for Ethanol subsidy.

 

[LegendKiller]

Oh please, the U.S. is the biggest reason for the jump.

The Heartland used to be the biggest exporter for the world for wheat.

Now it's all corn fields for Ethanol subsidy.

QE2 is NOT the biggest reason, nor is US production drops. Speculation combined with lower yields across the world are the reason.

You're about 6-9 months behind the curve. The ethanol bubble has popped.

Looks like we still fluctuate at the top or near it, this is an older graph.

http://www.ers.usda.gov/briefing/wheat/trade.htm

 

[Londo_Jowo]

Oh please, the U.S. is the biggest reason for the jump.

The Heartland used to be the biggest exporter for the world for wheat.

Now it's all corn fields for Ethanol subsidy.

As usual, you're blinded by your hatred for the US.

http://online.wsj.com/article/SB10001424052748703398504576100144223351836.html

The U.S. is the world's top wheat exporter and one of the last remaining sources of high-quality supplies.

 

[dmcowen674]

As usual, you're blinded by your hatred for the US.

http://online.wsj.com/article/SB10001424052748703398504576100144223351836.html

From your article:

U.S. wheat exports are picking up as surging food prices become a growing concern for foreign governments.

=========================================

That's because the Ethanol subsidy wiped out so many of the wheat producing field you idiot.

You are clearly an America Hating Republican blinded fool and your posts prove it for all to see every time you type.

I should have had you on my ignore list a long time ago.

What drivel

 

[Darwin333]

QE2 is NOT the biggest reason, nor is US production drops. Speculation combined with lower yields across the world are the reason.

You're about 6-9 months behind the curve. The ethanol bubble has popped.

Looks like we still fluctuate at the top or near it, this is an older graph.

http://www.ers.usda.gov/briefing/wheat/trade.htm

What about some of the other commodities such as, oh lets try almost all of them?

 

[WhipperSnapper]

All the jobs are outsourced!

Or filled by foreigners on H-1B and L-1 visas, or taken by immigrants, legal and illegal.

The real problem is called Global Labor Arbitrage. We can end our exposure to it by instituting tariffs, by ending the H-1B and L-1 visa programs, and by dramatically reducing or ending immigration. This is the reason why a small percentage of the populace is getting richer while large numbers of Americans are becoming poorer. Basically, we are merging our labor market and our economy with that of the third world, resulting in an inevitable averaging out of purchasing power and standard of living.

What we are seeing with the "recovery" might merely be the upward part of the economic cycle. The problem is that the overall trend is sharply downward because of global labor arbitrage. Imagine a line (the trend) with a sine wave (the cycle) on top of it. The main line, the overall trend, is pointing downward. At some points in the positive part of the cycle it might look like the economy is recovering and getting better, masking the overall trend. The "double dip" part is liable to merely be the negative part of the economic cycle and the next negative part will be even worse than the last one.

Increasing energy and food prices (and the world's coming Malthusian crisis) aren't helping matters.

 

[WhipperSnapper]

What's happening in Egypt will be nothing compared to the U.S. when reach the tipping point here.

Do you really think so? I think the American people will prove to be very passive. At least half of the population will be satiated by its faith in free market dogmatism and meritocracy. "We're poor because we're not good enough or didn't work hard enough."

Also, as the percentage of Americans who are immigrants increases, the populace will be more and more accustomed to having a lower standard of living. I think that overtime mass poverty will just seem like the normal condition for most Americans and widespread middle class prosperity will merely be a childhood memory. I'm sure that our politicians, the wealthy, the media, and our intellectuals will figure out a way to satiate the sheeple by getting them to believe in some sort of economic claptrap.

 

[WhipperSnapper]

Wait, didn't the job-creating rich just get their tax cuts? Everything should be just fine now, Wait? when are they going to start creating those jobs here, instead of overseas?

Oh, you mean they need more tax cuts besides what they just got? Oh, then they'll start creating jobs...boy have they got alot of people fooled...meanwhile the rest of us are F***ED!!

I think you'll enjoy this animated political cartoon:

http://www.markfiore.com/political-...x-fairies-animated-video-mark-fiore-animation

 

[Cerb]

Well if you guys would bother to vote maybe you would help yourselves. I always hear all this complaining from the younger genenration complaining about how the older genenration is screwing them over yet when when then voting statistics are revealed ever election year you guys fail to turn out to vote in droves.

Hell we thought the same shit about our elders but we did something about it, we harrassed them to lower the voting age (then didn't bother to vote either):biggrin:

All younger people voting would get us is more Democrats in office. The system for selecting candidates on ballots needs to change drastically. Several times, I've only bothered voting on local issues, because all the candidates for higher positions clearly suck. AFAIK, as well, abstinent (no confidence) votes aren't reported (they may not even be counted).

Another problem is that the state setup we have makes it such that your vote goes to the majority winner, whether you like it or not. So, your vote basically won't count, if you aren't for whatever the majority is for. Why wouldn't that be discouraging?

 

[Londo_Jowo]

From your article:

U.S. wheat exports are picking up as surging food prices become a growing concern for foreign governments.

=========================================

That's because the Ethanol subsidy wiped out so many of the wheat producing field you idiot.

You are clearly an America Hating Republican blinded fool and your posts prove it for all to see every time you type.

I should have had you on my ignore list a long time ago.

What drivel

Isn't like you to not produce a link that backs up your bullshit. Keep on hating the US. When are you moving to Somalia?

 

[piasabird]

So how much have taxes grown?

 

[RbSX]

and what country are you in, Monaco?

Canada, your hat, apparently.

 

[Jaskalas]

Negative. What ruined you is what caused the $1.5trillion Deficit.

The exact thing you are remaking. A bubble of fake wealth. Soon as that government spending stops there's nothing left holding it up. It's a house of cards.

A growing economy is the WORST thing we could have right now, as the reality of prices and unemployment simply do not support it. Your grand scheme of fake wealth will be the end of this nation.

 

[sandorski]

The exact thing you are remaking. A bubble of fake wealth. Soon as that government spending stops there's nothing left holding it up. It's a house of cards.

A growing economy is the WORST thing we could have right now, as the reality of prices and unemployment simply do not support it. Your grand scheme of fake wealth will be the end of this nation.

WTF?

 

[RbSX]

The exact thing you are remaking. A bubble of fake wealth. Soon as that government spending stops there's nothing left holding it up. It's a house of cards.

A growing economy is the WORST thing we could have right now, as the reality of prices and unemployment simply do not support it. Your grand scheme of fake wealth will be the end of this nation.

We have a winner right here.

 

[RbSX]

WTF?

What he's explaining to you, and I'll put this in simple terms, is that when this fed money stops, all these people with jobs that pay them 2/3rds of what they made before, won't be able to support the domestic American economy.

Is that simple enough?

 

[sandorski]

What he's explaining to you, and I'll put this in simple terms, is that when this fed money stops, all these people with jobs that pay them 2/3rds of what they made before, won't be able to support the domestic American economy.

Is that simple enough?

Ridiculous. Pessimism for Pessimism's sake. Economic Growth is the best thing to happen now.

 

[RbSX]

Ridiculous. Pessimism for Pessimism's sake. Economic Growth is the best thing to happen now.

Okay but here's the issue is that right now federal funding is bridging the gap between what people are making, and what people are charging.

When the federal funding runs out, that's going to be a real splash of cold water.

I'm not saying that pessimism is good, I'm just saying that things aren't as good as they seem.

 

[Engineer]

So how much have taxes grown?

Taxes haven't been raised since the early 90's and are at 50 year plus lows (Federal). State/local/sales/property...I'm sure are up over the same period and some of them significantly.

(note: my taxes went up $1,500 this year but many here consider that NOT a raise in taxes. Two reasons: Property taxes on house no longer deductible (were in 2008-09) if you don't itemize (Congress gave that to rum makers in the Caribbean (per yahoo)) and the other is my daughter turned 17 in very late December and my $1,000 tax credit for her vanished with that 17th birthday.)

 

[sandorski]

Okay but here's the issue is that right now federal funding is bridging the gap between what people are making, and what people are charging.

When the federal funding runs out, that's going to be a real splash of cold water.

I'm not saying that pessimism is good, I'm just saying that things aren't as good as they seem.

I agree with you there.

 

[chucky2]

Okay but here's the issue is that right now federal funding is bridging the gap between what people are making, and what people are charging.

When the federal funding runs out, that's going to be a real splash of cold water.

I'm not saying that pessimism is good, I'm just saying that things aren't as good as they seem.

Just wait for this year and next year, when it really starts hitting due to state budgets that were propted up last year by Fed dollars that won't (or at least shouldn't) be coming this year, that are still Billions of $$$ behind, and growing. Then there's the masses that have been kept subdued by 99 week and 125 week push outs of Unemployment bennies...those'll be ending - unless of course they'll extend it again. On top of that should see reduced Fed spending (unless they're going to keep spending like a drunken sailor), which is the only thing that's been keeping the economy from tanking. And then the final big whammy, lenders will finally start clearing out the foreclosure inventory.

2011 and 2012 will be some very rude awakenings....I'd love to be a fly on the wall for all the backroom deals Washington and these Corps./Banks are going to be cutting with each other....

Chuck

 

[Munky]

Tell me about so-called economic growth when we're not sinking in debt like a drunk addict at a casino. Of course, the NYTimes will never mention that little inconvenient fact.