Even Obamas sh!tty policies can stop a persevering private sector. Anyone who thinks Obama is responsible for anything GOOD that happens to the economy is delusional and moronic.
Even Obamas sh!tty policies can stop a persevering private sector. Anyone who thinks Obama is responsible for anything GOOD that happens to the economy is delusional and moronic.
KC's Lord and Master
Quote
If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
Quote
If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !
So if the really cold weather had such an impact on the economy, why does Obama keep touting global warming as such a big problem?
I believe cold weather happens every year around a certain time of the year. It aynt something new or unforeseen. Cold weather has been happening for a looooooooong time. For it to be used as an excuse under this POS prez b/c he's so god dayum stupid is utterly ridiculous. Ppl need to quit making excuses for him. Quit pampering him.
We have gone over this before, google any legitimate economist on 1Q 2014 gdp and they all same the same thing.
I am going to try my hardest to have a civil discourse on this but, I cannot believe you still want to argue this point. This is yet another example of the right freaking out about something that when it happened to any other president it wasn't seen as an excuse but as a REASON. No one is making an "excuse for him". It is the reality.
Is the chief economist at JP Morgan making excuses for Obama?
Is Financial Services Group Senior Economist Gus Faucher making excuses?
“The bad weather in much of the U.S. in early 2014 was a significant drag on the economy, disrupting production, construction, and shipments, and deterring home and auto sales,” wrote PNC Senior Economist Gus Faucher in a note out prior to the release. “But data show growth rebounding in the second quarter, with improvements in home and auto sales and residential construction.”
“When you step back and think about the fundamentals, nothing’s really changed,” said Aneta Markowska, chief U.S. economist at Societe Generale in New York. “The household balance sheet has still improved quite a bit. Other than the weather, it’s hard to explain fundamentally why the economy would suddenly roll over and take a turn for the worse.”
Most economists on Wall Street and at the Federal Reserve blame a very cold winter for much of the slowdown. Experts are now predicting that the annual pace of growth will rise to between 3 percent and 4 percent in the current quarter, and data so far for April and May appears to be much more robust.
In short, the larger contraction in GDP in the first quarter is not a sign that the US is suffering from a fundamental slowdown – it was still largely due to the extreme weather. The latest data are consistent with growth in the second quarter rebounding to at least 3.0%. –Paul Dales, Capital Economics
"This quarter was impacted heavily by the weather. Growth is down, but not out, not by a long shot, and we look for it to quicken later on in the spring," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ in New York.
How many more economists do I have to quote to drive the point home? The only people who are whining and saying that it's an excuse are faux "news" and republicans.
We can never get to the heart of our problems and solve them when there is a group of people who are willing to not accept reality while choosing to believe in a politically driven alternate reality. We end up spending our time trying to convince the deniers that reality is actually the truth.
So what about the lowest labor participation since 1978 or the 50 million on food stamps?
High corporate taxes and suffocating regulations are not how you expand economies. We could do so much more if we had a "capitalist" in there. The Community Reinvestment Act, a brainchild of the Democratic Party sunk Bush's economy. BHO has done everything possible to hinder economic growth. Any successes in the economy were not a result of any policy BHO set forth.
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, it's inherent virtue is the equal sharing of misery"
-----Winston Churchill