adjusted GDP 1.1%

#1
J

joevol320

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#1
how do businesses hire with low growth yet obama's treasury is getting records taxes.

i thought we could tax our way to prosperity?
 
#3
#3
i guess. if you define "good shape" as spending billions on welfare for illegal aliens and tranny bathrooms
 
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#4
#4
I don't what is going on everywhere else, but the economy is fine here. Building is booming. No real estate inventory (Sellers market). It's all looking good.
 
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#5
#5
ClearwaterVol said:
I don't what is going on everywhere else, but the economy is fine here. Building is booming. No real estate inventory (Sellers market). It's all looking good.
Click to expand...

people aren't selling though, there's a good reason why people aren't selling. i would agree that some areas are doing well but overall these dismal numbers aren't good for the nation.
 
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#6
#6
joevol320 said:
people aren't selling though, there's a good reason why people aren't selling. i would agree that some areas are doing well but overall these dismal numbers aren't good for the nation.
Click to expand...


We basically traded 10 years worth of anemic growth and recovery to avoid 5 years of depression-level disaster.

Whether it was a good trade or not depends on what kind of job you had then, and have now.
 
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#8
#8
lawgator1 said:
We basically traded 10 years worth of anemic growth and recovery to avoid 5 years of depression-level disaster.

Whether it was a good trade or not depends on what kind of job you had then, and have now.
Click to expand...

Sorry, but we're 8 years in. You've got to own this grease fire of a recovery. GDP at a standstill isn't a relative thing that can be explained away because someone has a bad attitude.
 
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#9
#9
lawgator1 said:
We basically traded 10 years worth of anemic growth and recovery to avoid 5 years of depression-level disaster.
Click to expand...

We haven't avoided it. Just delayed it a little. The govt can't continue to spend spend spend!

And your 5 years of depression level disaster would be over now and we might actually have some sound fiscal policy.
 
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#11
#11
GAVol said:
Sorry, but we're 8 years in. You've got to own this grease fire of a recovery. GDP at a standstill isn't a relative thing that can be explained away because someone has a bad attitude.
Click to expand...

TheDeeble said:
We haven't avoided it. Just delayed it a little. The govt can't continue to spend spend spend!

And your 5 years of depression level disaster would be over now and we might actually have some sound fiscal policy.
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There's a ton of cash sitting on the sidelines. Corporations aren't afraid to invest because of regulation or taxes -- that is a complete myth. They are not investing because they don't see the level of consistency in the economic recovery they need to see to figure it is worth the risk.

We are at some point going to hit 2.5 % or better GDP and things will take off like a freight train out of Hades. Hope you are along for the ride!

Now, as to federal spending, that is its own problem. Both parties have gone overboard on that, spending on their respective political constituencies. And in fact the only two presidents in the last 50 years to reduce the deficit are Bill Clinton and Barack Obama.
 
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#13
#13
lawgator1 said:
There's a ton of cash sitting on the sidelines. Corporations aren't afraid to invest because of regulation or taxes -- that is a complete myth. They are not investing because they don't see the level of consistency in the economic recovery they need to see to figure it is worth the risk.

We are at some point going to hit 2.5 % or better GDP and things will take off like a freight train out of Hades. Hope you are along for the ride!

Now, as to federal spending, that is its own problem. Both parties have gone overboard on that, spending on their respective political constituencies. And in fact the only two presidents in the last 50 years to reduce the deficit are Bill Clinton and Barack Obama.
Click to expand...
How about reducing the national debt? Seems to me that Truman was the last to actually reduce the national debt.
 
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#14
#14
It must be real bad in some areas because Nashville, Knoxville and St. Pete/Clearwater are the areas I know and they all seem to be kicking ass.
 
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#17
#17
ClearwaterVol said:
I don't what is going on everywhere else, but the economy is fine here. Building is booming. No real estate inventory (Sellers market). It's all looking good.
Click to expand...
Depends upon where you are. I have been trying to sell a house for 6 months, 2,300+ sq. ft. for $67 a square foot. The average house in Tennessee sells for $67 a square foot. The average house in my county sells for $53 a square foot. The estimate on Zillow is within $1,000 of my asking price.

The house has 3 working fireplaces, 4 bedrooms, totally remodeled, hardwood floors, remodeled kitchen and baths, new 40 foot long deck, new plumbing, totally repainted inside, all new light fixtures, quiet neighborhood in a prime location, etc
 
#18
#18
lawgator1 said:
Lots of waste, some abuse.
Click to expand...
Reducing the deficit is nothing. That is like saying that 3 years ago you owed $500,000, and 2 years you owed $510,00, and last year you owed $515,000. This year you will owe $518,000.

Wow! You reduced your spending deficit by 50% last year. Instead of going $10,000 in the hole, you are only going $5,000 more in the hole. And you are going to reduce it by an additional 40% this year. Instead of going $5,000 more in the hole, you are only going $3,000 more in the hole. Sounds like you have it under control, doesn't it?
 
#19
#19
1972 Grad said:
Reducing the deficit is nothing. That is like saying that 3 years ago you owed $500,000, and 2 years you owed $510,00, and last year you owed $515,000. This year you will owe $518,000.

Wow! You reduced your spending deficit by 50% last year. Instead of going $10,000 in the hole, you are only going $5,000 more in the hole. And you are going to reduce it by an additional 40% this year. Instead of going $5,000 more in the hole, you are only going $3,000 more in the hole. Sounds like you have it under control, doesn't it?
Click to expand...


True or false: Under each of the Republicans in the last 50 years, the deficit has gone up, which by definition increases the debt.
 
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#21
#21
fact is obama has taxed the crap out of companies, business smal and large. we are getting records taxes to the treasury yet business aren't growing and aren't hiring. it's going to get worse as more of your imported dem voters keep flooding in.
 
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#22
#22
With as much construction and etc going on in Nashville I can't help but think it's going to crash and burn at some point.

If it does it will be nasty
 
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#23
#23
joevol320 said:
how do businesses hire with low growth yet obama's treasury is getting records taxes.

i thought we could tax our way to prosperity?
Click to expand...

Taxing our way to prosperity? How is that happening with tax rates at historic lows? If the Treasury is getting fat it is because there's plenty of money out there not because taxes are high.

Also business overall is not in a period of low growth. The stock marked reflects that. Unfortunately that's not true for small businesses and that's a problem.
 
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#24
#24
lawgator1 said:
True or false: Under each of the Republicans in the last 50 years, the deficit has gone up, which by definition increases the debt.
Click to expand...
You won't get me to support what the Republicans have done either. It is the fault of both parties.
 
#25
#25
lawgator1 said:
There's a ton of cash sitting on the sidelines. Corporations aren't afraid to invest because of regulation or taxes -- that is a complete myth. They are not investing because they don't see the level of consistency in the economic recovery they need to see to figure it is worth the risk.
Click to expand...

As someone who worked as a capital investor for many years, working with companies between 100 million and 1 billion and whose job it was to audit, and do the due diligence as if I were buying said company, and to establish true worth of said companies, you don't have a clue as to what you are talking about.
 
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