US 3rd quarter GDP revised up to 5% - best in 11 years.

[Engineer]

You are going to have to start sending royalty check to McOwned as a lot of your post lately sound a lot like him.

Well, to be honest, trickle down hasn't done anything for middle and lower classes for decades. With the lowest taxes in multiple generations, the only people gaining are the uppers. Jobs sent out for decades is the reason we are where we are. The trickle dried up at the top long ago.

 

[brianmanahan]

I have come to expect this of Democratic regimes. They just do the economy so much better than the Republicans.

historically that is true - last i saw the #'s, i think it was an average %12 yearly return with a democrat president in office, and %5 yearly return with a republican president in office.

 

[boomerang]

historically that is true - last i saw the #'s, i think it was an average %12 yearly return with a democrat president in office, and %5 yearly return with a republican president in office.

But the nation is a big ship to turn around. Who's laying the groundwork for who? If I invested money 20 years ago that has given a great return, should I thank the boomering of today or the boomerang of yesteryear?

 

[BoberFett]

Well, to be honest, trickle down hasn't done anything for middle and lower classes for decades. With the lowest taxes in multiple generations, the only people gaining are the uppers. Jobs sent out for decades is the reason we are where we are. The trickle dried up at the top long ago.

Funny then that Democrats have been such big supporters of QE, the biggest trickle down this country has ever seen. The rich got richer with Democrats cheering it on. Useful idiots, you people are.

 

[ivwshane]

Funny then that Democrats have been such big supporters of QE, the biggest trickle down this country has ever seen. The rich got richer with Democrats cheering it on. Useful idiots, you people are.

I'm guessing someone doesn't know what the difference is between quantitative easing and trickle down economics😉

 

[Lash444]

But the nation is a big ship to turn around. Who's laying the groundwork for who? If I invested money 20 years ago that has given a great return, should I thank the boomering of today or the boomerang of yesteryear?

Are you giving credit to Bush or Clinton? Just curious.

 

[BoberFett]

I'm guessing someone doesn't know what the difference is between quantitative easing and trickle down economics😉

The only difference you understand is that you love getting boned up the ass by Democrats.

 

[Victorian Gray]

So how did Obama fix the economy if every initiative possible got blocked?

Above, what you wrote.

What you were replying to.

"We can thank Republicans for roadblocking every Obummer initiative they possibly could."

Can you spot the difference?

 

[ivwshane]

The only difference you understand is that you love getting boned up the ass by Democrats.

Except, I haven't been boned. My 401k and my stocks are doing great! And inflation hasn't skyrocketed.

So yeah, another uninformed and pointless post by bober! Keep it up and finish the year off strong😉

 

[boomerang]

Are you giving credit to Bush or Clinton? Just curious.

Nobody in particular and that's a truthful statement. Some things done are wrong, some are right. Some are proved wrong and some are proved right. Sometimes luck is involved when combined with a butterfly flapping its wings.

 

[Matt1970]

Above, what you wrote.

What you were replying to.

"We can thank Republicans for roadblocking every Obummer initiative they possibly could."

Can you spot the difference?

It means the same thing. Even if it is different, it's irrelevant.

 

[Victorian Gray]

It means the same thing. Even if it is different, it's irrelevant.

Oh, I get it, I get it! You don't understand either grammer or word meanings but even if the statement is wrong, "It makes a good point".

Sad.

 

[Matt1970]

Oh, I get it, I get it! You don't understand either grammer or word meanings but even if the statement is wrong, "It makes a good point".

Sad.

Kudos on trying to make this about my grammar rather than the meaning of what I said. Sad? Almost as sad as trolling websites that mostly deal with subjects that don't even effect you. Maybe if I word it this way, the meaning won't get lost crossing the border to a country it has no effect on. With Republicans "roadblocking every Obummer initiative they possibly could", how could Obama possible have fixed the economy?

 

[brianmanahan]

Oh, I get it, I get it! You don't understand either grammer

so close

yet so far away

 

[Victorian Gray]

Kudos on trying to make this about my grammar rather than the meaning of what I said. Sad? Almost as sad as trolling websites that mostly deal with subjects that don't even effect you. Maybe if I word it this way, the meaning won't get lost crossing the border to a country it has no effect on. With Republicans "roadblocking every Obummer initiative they possibly could", how could Obama possible have fixed the economy?

Sorry, but what the fuck is with you and your issue with my being from another country?!

You keep harping on that and I keep pointing out, it's an *international forum* and if you don't care to hear what non-Americans have to say then either piss off, put me on ignore, or just stop reading my posts. Otherwise, stop your fucking whining.

And yes, with the rephrasing, you are now addressing the point originally made. Now, ask that same question of the person you were debating the issue with.

And yeah, grammar and word meaning do matter. You worded your reply in a dishonest manner and were called on it. BooHoo. This isn't The Free Republic where pretty much everyone operates from the same script. It's an international forum with people from a number of countries and, certainly, a lot of differing social/political/economic viewpoints. Stop acting like a child and deal with it.

btw, couldn't be bothered to mention this before as I would be participating here even if this wasn't the case but, what goes on internally in the US *does* actually affect me directly. My mother and half-brother and half-sister all live in the US and what affects them, affects me. So, fuck off?

 

[BoberFett]

Except, I haven't been boned. My 401k and my stocks are doing great! And inflation hasn't skyrocketed.

So yeah, another uninformed and pointless post by bober! Keep it up and finish the year off strong😉

You got yours, fuck everybody else, right? It's amazing how quickly liberals turn into conservatives when the greedy little fucks get a couple of dollars.

 

[ivwshane]

You got yours, fuck everybody else, right? It's amazing how quickly liberals turn into conservatives when the greedy little fucks get a couple of dollars.

Lol! Wut?

Try focusing on making one point. You won't look so desperate when you do😉


Btw, roughly 50+ million people have 401k's and about half of Americans own stocks. The Feds effecting monetary policy to keep the banks investing in Americans, which in turn causes stocks to go up is hardly saying "fuck you" to everyone else nor is it the only monetary policy obama has used. So while QE definitely helps the rich get richer faster, unlike tax breaks for the rich, everyone benefits, just maybe not at the same rate.

 

[Mai72]

Republicans are still blaming Obama for everything.

But, when I look at the red states I notice they have the highest poverty in the country. Welfare is the highest in the red states. That's the same for poor health, and a large percentage of the population is uneducated. The kicker? The blue states are supporting the red (poor) states because they don't generate enough revenue.

 

[OverVolt]

As the job market gets better I expect wages to raise.
As for more money to spend. I would say having a job that pays more than not having a job would provide immediate increases in disposable income regardless if wages are keeping up.

But I do think wages will see an increase as we near the range of full employment.

Um wages aren't rising. One in the hand is two in the bush. Don't be calling it before its actually here. I don't see power shifting to the employee anytime soon still. There are still legions of disengaged unemployed. 'Not in the work force' type baloney.

Going to school because you have zero job prospects might make unemployment look better but when everyone who did the same thing at the same time all hit the job market together they'll still have zero prospects.

People hid from the economy in college in 2008 like aw shit we're boned get a degree. They took longer than average to finish a degree which is common of atypical college grads, say 4-6 years. They graduated in 2012-2014, and go, aw shit still no opportunities time for grad school. Its the student debt bubble, and its real. It will come to roost in 2015-2018 in a big way. Is it 2018 yet? Nope. This recession is a marathon not a sprint. Its yet to be determined still who is going to survive it in good shape. Odds are even if you've been sitting pretty through it all thus far, you're probably getting a little complacent. All because some industries were recession proof doesn't mean their day to get bit in the ass will never come, its pretty much inevitable. The world is alot 'tigher' than it used to be. More competitive. More people, less resources.

 

[OverVolt]

Republicans are still blaming Obama for everything.

But, when I look at the red states I notice they have the highest poverty in the country. Welfare is the highest in the red states. That's the same for poor health, and a large percentage of the population is uneducated. The kicker? The blue states are supporting the red (poor) states because they don't generate enough revenue.

Oh please. A corn subsidy and you get corn as a result, is alot different than just pissing away money on a welfare queen. The blue states consume and the red states produce. Huge difference.

FWIW I'm fairly nonpartisan. California produces quite alot, and is home to Hollywood, Intel, Silicon Valley, and such. But you don't see democrats hitting the coal mines of WV, tar sands of ND, and TX, etc. The red states get alot of money for farming subsidies and infrastructure but those are things critical to the country.

 

[Matt1970]

Sorry, but what the fuck is with you and your issue with my being from another country?!

You keep harping on that and I keep pointing out, it's an *international forum* and if you don't care to hear what non-Americans have to say then either piss off, put me on ignore, or just stop reading my posts. Otherwise, stop your fucking whining.

And yes, with the rephrasing, you are now addressing the point originally made. Now, ask that same question of the person you were debating the issue with.

And yeah, grammar and word meaning do matter. You worded your reply in a dishonest manner and were called on it. BooHoo. This isn't The Free Republic where pretty much everyone operates from the same script. It's an international forum with people from a number of countries and, certainly, a lot of differing social/political/economic viewpoints. Stop acting like a child and deal with it.

btw, couldn't be bothered to mention this before as I would be participating here even if this wasn't the case but, what goes on internally in the US *does* actually affect me directly. My mother and half-brother and half-sister all live in the US and what affects them, affects me. So, fuck off?

Because 95% (or more) of what goes on here doesn't even apply to you. You tell me why you are here?

 

[fskimospy]

Oh please. A corn subsidy and you get corn as a result, is alot different than just pissing away money on a welfare queen. The blue states consume and the red states produce. Huge difference.

It's actually the other way around, for what it's worth. Blue states are (overall) net producers of tax revenue while red states are net consumers. Additionally, blue states are responsible for much more of our national GDP than red states are.

This has more to do with the fact that our economy is powered by cities, though, and the more urban area you have the more democratic you are likely to be. If you look at the areas that have the greatest proportion of their populations on government benefits many of them are rural areas as well.

So I would say the idea that red state welfare spending is going to some hardworking farmer while blue state welfare is going to some welfare queen is not only inaccurate, but forgets the source of the money to begin with.

FWIW I'm fairly nonpartisan. California produces quite alot, and is home to Hollywood, Intel, Silicon Valley, and such. But you don't see democrats hitting the coal mines of WV, tar sands of ND, and TX, etc. The red states get alot of money for farming subsidies and infrastructure but those are things critical to the country.

All that is happening with those subsidies is that it makes their prices artificially low. Can you say why you think this is a good idea?

 

[BoberFett]

Lol! Wut?

Try focusing on making one point. You won't look so desperate when you do😉


Btw, roughly 50+ million people have 401k's and about half of Americans own stocks. The Feds effecting monetary policy to keep the banks investing in Americans, which in turn causes stocks to go up is hardly saying "fuck you" to everyone else nor is it the only monetary policy obama has used. So while QE definitely helps the rich get richer faster, unlike tax breaks for the rich, everyone benefits, just maybe not at the same rate.

Can you Democrat idiots remain consistent at all? The GINI index that you morons used to cry about constantly under Bush has gotten worse under Obama, yet you claim he's fixing things because your 401k is doing well.

You got yours, fuck everybody else. Exactly what you little shitstains used to berate the right for. You and the rest of the Obama drones are exactly like the Republicans.

 

[Knowing]

So what sector(s) are responsible for this record growth?

 

[fskimospy]

Can you Democrat idiots remain consistent at all? The GINI index that you morons used to cry about constantly under Bush has gotten worse under Obama, yet you claim he's fixing things because your 401k is doing well.

You got yours, fuck everybody else. Exactly what you little shitstains used to berate the right for. You and the rest of the Obama drones are exactly like the Republicans.

Actually, according to OECD the gini coefficient for the U.S. hasn't changed much in the last few years, particularly after taxes and transfers:
http://www.oecd.org/social/income-distribution-database.htm

For OECD and basically all cases of calculating gini though the numbers lag several years and would omit the impact of most of the inequality reducing policies Obama has put into place, as well as a good portion of his presidency so far. It would be too early to accurately measure what you're saying anyway.

Even if it had though, it is easy to be sad about rising inequality and be happy about the results of an unequivocally good economic report. It's amazing to see what lengths some people are going to to try and convince themselves that a 5% growth rate still sucks.