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Obama sees US economy improving US GDP growth

Discussion in 'Political Rants' started by BingoT, Aug 2, 2009.

    Aug 2, 2009
  1. BingoT

    BingoT Nurses love to give shots webmeister

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    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.

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    BS!! Can someone tell me what has improved?
     
  2. Aug 2, 2009
  3. slotplayer

    slotplayer Senior Member webmeister

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    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%.
     
  4. Aug 3, 2009
  5. GGW Laurie

    GGW Laurie Dormant account

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    Self Employed
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    In the Beautiful South !!
    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:rolleyes:................laurie
     
    1 person likes this.
  6. Aug 3, 2009
  7. classymom

    classymom Well-Known Member

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    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
     
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  8. Aug 3, 2009
  9. GrandMaster

    GrandMaster Ueber Meister CAG

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    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.
     
    1 person likes this.
  10. Sep 21, 2009
  11. paul02085

    paul02085 Senior Member

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    Europeans love Obama since he espouses socialism. No thanks.
     
    1 person likes this.
  12. Sep 21, 2009
  13. GGW Laurie

    GGW Laurie Dormant account

    Occupation:
    Self Employed
    Location:
    In the Beautiful South !!
    Ditto!!!!! No Thanks :thumbsup:
     
  14. Sep 22, 2009
  15. lots0

    lots0 Banned User - troll posts - flaming PABnonaccred

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    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...
     
    2 people like this.

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