BHO's 100-days

Re: BHO's 100-days

PostBy: spc On: Thu Apr 30, 2009 9:54 am

tvb wrote:It's not much of an upturn in growth, but it is some.


You think that is "growth"? WOW!!!
Last edited by spc on Thu Apr 30, 2009 9:55 am, edited 1 time in total.
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Re: BHO's 100-days

PostBy: brckwlt On: Thu Apr 30, 2009 9:55 am

tvb wrote:And you are again reinforcing that maybe you have comprehension problems - a 6.1 decrease is still better than it was during the last months of the Bushco regime when it decreased 6.3%. It's not much of an upturn in growth, but it is some.



No your not understanding the situation.

Yes in the fourth quarter the gdp dropped 6.3 % from whatever it was in the 3rd quarter. Now in the first quarter of this year it dropped 6.1% from what it was in the 4th quarter of last year.

Obama didnt help the economy. It is 6.1% worse then when he took office. How dont you understand that. I cant explain it in any simpler terms.

He made the economy shrink 6.1% from its low in the fourth quarter.
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Re: BHO's 100-days

PostBy: tvb On: Thu Apr 30, 2009 10:00 am

So you are pretending that it should have gone from a negative 6.3% to the positive side instantaneously?

The point is that it is the economy is not falling (faltering?) as much as it was in the last months of the Bushco regime therefore the economy is improving however slight.
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Re: BHO's 100-days

PostBy: spc On: Thu Apr 30, 2009 10:03 am

You mean the democrat controlled congress "Bushco regime".
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Re: BHO's 100-days

PostBy: brckwlt On: Thu Apr 30, 2009 10:05 am

tvb wrote:So you are pretending that it should have gone from a negative 6.3% to the positive side instantaneously?

The point is that it is the economy is not falling (faltering?) as much as it was in the last months of the Bushco regime therefore the economy is improving however slight.



a 6.1% drop is not an increase.

Its like saying ill give you 100 dollars and take 6.3 percent from you in the 4th quarter and 6.1 percent from you in the first quarter and you think that is an increase

100 to say that was the gdp for the third quarter
-
6.3 then the 4th quarter loss

93.7 start of 1st quarter

- 6.1 1st quarter loss

87.6 start of second quarter


Hopefully you can understand that.
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Re: BHO's 100-days

PostBy: stockingfull On: Thu Apr 30, 2009 10:07 am

brckwlt wrote:
stockingfull wrote: But instead of looking at your own house, you keep trying to find fault in a capable, popular leader who's damned-near made chicken salad out of the chicken droppings your boyz left him barely 3 months ago.

Didja know that 21% of Americans now self-identify as Republicans? And that's fewer than believe in ESP?

:rofl:


So i guess it was okay that the media and democrats slammed bush every day for eight years and told us how horrible of a person he was and slammed his policies as well.

But when we want to question obama were not allowed? Seems like hypocrisy to me

We quickly forget bush had the economy booming for 6 1/2 years of his 8 in office.

obama cant say the same as the gdp dropped 6% this first quarter.

Keep this in mind, the liberal media belittled bush everyday and criticized his policies. so i will not stop voiceing my opposition about obama and his big government till he is out of office. If your side can do it to us then we can do it to you. Unless you favor censorship, like obama does.

Sure, it always was and still is OK to criticize the powers that be.

But that doesn't make it either smart or consistent. You who now are enjoying that right of free speech used to call it "unpatriotic" when my side was using it.

That's the difference. I now call the wingnut harping "stupid" and "hypocritical" but I don't question your patriotism or your free speech rights.

Nor should you question mine.
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Re: BHO's 100-days

PostBy: brckwlt On: Thu Apr 30, 2009 10:40 am

stockingfull wrote:That's the difference. I now call the wingnut harping "stupid" and "hypocritical" but I don't question your patriotism or your free speech rights.

Nor should you question mine.


The obama admin calls us unpatriotic. I would never call you unpatriotic.
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Re: BHO's 100-days

PostBy: cabinover On: Thu Apr 30, 2009 10:49 am

brckwlt wrote:
tvb wrote:So you are pretending that it should have gone from a negative 6.3% to the positive side instantaneously?

The point is that it is the economy is not falling (faltering?) as much as it was in the last months of the Bushco regime therefore the economy is improving however slight.



a 6.1% drop is not an increase.

Its like saying ill give you 100 dollars and take 6.3 percent from you in the 4th quarter and 6.1 percent from you in the first quarter and you think that is an increase

100 to say that was the gdp for the third quarter
-
6.3 then the 4th quarter loss

93.7 start of 1st quarter

- 6.1 1st quarter loss

87.6 start of second quarter


Hopefully you can understand that.


You seem to be missing the point. What was said is this, the 1st QTR loss is less than the 4th QTR loss. Is it still a loss? Absolutely. Is it LESS of a loss than the 4th QTR, yes.

Take the opposite situation. If I gave you $100.00 and then increased that by 6.3%. You would then have $106.30 correct?
Now if in the next quarter I only give you an increase of 6.1% on that end amount you would then have $112.78
You still got an increase correct? It's less of an increase though. See?


Now that I've confused myself I'll ask this. Is the 6.1% figured on the new amount of $106.30 or $100.00? It has to be the $106.30 right? Anyone?
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Re: BHO's 100-days

PostBy: tvb On: Thu Apr 30, 2009 11:03 am

It goes quarter to quarter cabinover.

Here are the figures in actual dollar amounts (in billions of current dollars)

2008q3 14,412.8
2008q4 14,200.3
2009q1 14,075.5

From the end of 2008 Q3 through the end of 2008 Q4, the economy lost $212.5 billion GDP

From the end of 2008 Q4 through the end of 2009 Q1, the economy lost $124.8 billion GDP.

Therefore, the rate of loss has slowed from 212.5 billion per quarter to 124.8 billion per quarter which is an improvement in the economy.

When you bleed less, you are generally thought of as healing.
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Re: BHO's 100-days

PostBy: SMITTY On: Thu Apr 30, 2009 11:08 am

But the media made me believe he was the second coming of Christ!

I thought that all our woes would be OVER the moment he laid his hand on the bible on inauguration day?????

That's what the media has been telling everyone for the last year..... :roll:
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Re: BHO's 100-days

PostBy: brckwlt On: Thu Apr 30, 2009 11:21 am

tvb wrote:It goes quarter to quarter cabinover.

Here are the figures in actual dollar amounts (in billions of current dollars)

2008q3 14,412.8
2008q4 14,200.3
2009q1 14,075.5

From the end of 2008 Q3 through the end of 2008 Q4, the economy lost $212.5 billion GDP

From the end of 2008 Q4 through the end of 2009 Q1, the economy lost $124.8 billion GDP.

Therefore, the rate of loss has slowed from 212.5 billion per quarter to 124.8 billion per quarter which is an improvement in the economy.

When you bleed less, you are generally thought of as healing.


its not an improvement when you loose 124 billion in a quarter. it would be an improvement if the gdp would be 14,200.4 not an improvement for 14,075.5
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Re: BHO's 100-days

PostBy: cabinover On: Thu Apr 30, 2009 11:47 am

Brock, read my post. I attempted to explain it a different way.

TVB, so from what number is the 6.1% derived? 6.1 % of $14,200.3 is $866.2

$14,200.3
- $866.2
$13,334.1

What am I missing here?
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Re: BHO's 100-days

PostBy: samhill On: Thu Apr 30, 2009 11:49 am

My car used to run a quarter mile in 12 sec. at a top speed of142 mph but no matter how hard I pushed the brake pedal it wouldn`t stop in a nano sec. & it surely wouldn`t reverse itself if you get my drift.
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Re: BHO's 100-days

PostBy: tvb On: Thu Apr 30, 2009 12:14 pm

Cabinover, the percentage figures reported by the BEA is a composite number derived from a bunch of different indexes. It's an average taken from things like corporate output, personal consumption and income, foreign indexes and a bunch of other stuff. The link above has them all listed if you are interested in wading through a bunch of financial gobbledy-goop.

A more "friendly" explanation of the different indices and how they are put together to get the GDP is here: http://www.bea.gov/scb/pdf/2009/04%20Ap ... dpecon.pdf (linked from http://www.bea.gov/scb/index.htm if you are interested in this kind of stuff)
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Re: BHO's 100-days

PostBy: jpete On: Thu Apr 30, 2009 12:28 pm

The Treasury sold $26 billion in 7 year notes with a 2.63% interest rate. How much "negative growth" do we need to pay that back. And that was one day. By my thumb nail accounting, that's about $200 billion in long term notes and a roughly equal about in short term notes. Start brushing up on the phrase "hyperinflation" it's coming...
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