Obama sees US economy improving US GDP growth - Casinomeister's Online Casino and Poker Forum

BingoT · 2nd August 2009, 01:06 PM

Obama sees US economy improving US GDP growth

US President Barack Obama has said that new figures on the American economy indicate progress is being made in tackling the country's problems.

The economy shrank at an annual pace of 1% in the April-to-June quarter, government figures have shown.

The data was better than expected, but marked the longest period of decline since records began in 1947.

More at BBC News

BS!! Can someone tell me what has improved?

slotplayer · 2nd August 2009, 08:10 PM

its' a new economy in the USA anyway, those days of wreckless spending are gone for at least the next 12-18 months anyway.

job growth is a lagging indicator, right now the USA is losing aprox. 600k jobs a month, it takes aprox. 150k new jobs a month just to keep up with those entering the US work force.

Americans are saving money, personal savings was slightly negative the past few years, now it is over 6%.

lauriejim · 3rd August 2009, 03:25 AM

I havent seen a thing yet from this admin., except debt and over spending, you cant borrow your way out of debt, anyone that ever took 7th grade economics knows this to be true

................laurie

classymom · 3rd August 2009, 07:13 PM

Quote:

Originally Posted by lauriejim

I havent seen a thing yet from this admin., except debt and over spending, you cant borrow your way out of debt, anyone that ever took 7th grade economics knows this to be true

................laurie

I too am unimpressed w/ the the start of this administration. - I worry we are headed toward Socialism and that scares the HELL out of me

GrandMaster · 3rd August 2009, 10:25 PM

For all the Republican rhetoric about fiscal conservatism, in the last 40 years the US federal debt as a proportion of GDP increased under Republican presidents, and decreased under Democratic ones.

paul02085 · 22nd September 2009, 12:36 AM

Europeans love Obama since he espouses socialism. No thanks.

lauriejim · 22nd September 2009, 12:57 AM

Quote:

Originally Posted by paul02085

Europeans love Obama since he espouses socialism. No thanks.

Ditto!!!!! No Thanks

lots0 · 22nd September 2009, 12:08 PM

Where has President Obama 'espoused socialism' for the United States?
Do you have a link to a speech or statement from him where he said this or even insinuated it?

Have you ever listened to the president speak or read what he has written? Doesn't sound like you have.
Maybe instead of listening to what others say he said or twisted 5 second sound bites... why not try something new and listen to HIM for a change...

Register	All Albums	Member Blogs	FAQ	Members List	Social Groups	Event Calendar	Mark Forums Read
Main Site	CM Casinos	CM Poker	I-Gaming Forum Reps	Rogue Pit	Webcast	Bitchin' Newsletter	News

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
Online Bingo Player Growth Stalls as Economy Hits Tough Times	BingoT	Bingo!	2	25th February 2009 05:09 PM
One Way To Help Fix This Economy	lauriejim	Political Rants	2	28th January 2009 08:18 PM
Bodog Improving Payouts	ERNursePA	Online Casinos	3	4th January 2009 08:52 AM
UK online gambling customer service improving	jetset	Casino Industry Discussion	4	23rd January 2008 12:45 PM

The Following User Says Thank You to lauriejim For This Useful Post:
classymom (3rd August 2009)

The Following User Says Thank You to classymom For This Useful Post:
lauriejim (3rd August 2009)

The Following User Says Thank You to GrandMaster For This Useful Post:
RobWin (23rd September 2009)

The Following User Says Thank You to paul02085 For This Useful Post:
lauriejim (22nd September 2009)

The Following 2 Users Say Thank You to lots0 For This Useful Post:
GamTrak (24th September 2009), swampwitch (22nd September 2009)