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  1. #1
    Sooner All-Big XII-2-1+1-1+1
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    More great news on the economy! 3.5% Q3 growth in GDP

    Come on guys, go get yourselves a cold one after work to celebrate! Combined with Q2 growth of 4.6% it's the best two consecutive quarters since 2003 and the fourth out of the past five in which it has been 3 percent or better! OBAMA, OBAMA, OBAMA!

    Come on naysayers of doom, tell us how this is all made up and cooked by some lib in some guberment office.

    http://www.bea.gov/newsreleases/nati...ewsrelease.htm

  2. #2
    SoonerFans.com Elite Member
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    If only the American public would appreciate this president and all he's done for them...

  3. #3
    SoonerFans.com Elite Member
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    dems should be embracing Obama....not running away from him.

  4. #4
    Sooner All-Big XII-2-1+1-1+1 SoonerorLater's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    For all the debt we've piled on I'm glad we have a few percentage points GDP growth to show for it.

  5. #5
    Sooner All-Big XII-2-1+1-1+1
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by okie52 View Post
    dems should be embracing Obama....not running away from him.
    It is too bad isn't it?

    Quote Originally Posted by okie52 View Post
    If only the American public would appreciate this president and all he's done for them...
    Here is an article on dubya in the 2006 election. This is not new, dubya approval rating was even lower than obamas is now.

    http://www.washingtonpost.com/wp-dyn...103101415.html

  6. #6
    Sooner All-Big XII-2-1+1-1+1
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by SoonerorLater View Post
    For all the debt we've piled on I'm glad we have a few percentage points GDP growth to show for it.
    An all that debt from dubya got us only 1.67% gdp growth.

  7. #7
    SoonerFans.com Elite Member Sooner in Tampa's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Looks like KC/8th is doing a circle jerk by himself...I sure hope he doesn't get any in his eyes...


    Quote Originally Posted by Harry Beanbag View Post
    Six stitches is a pretty decent sized gash.
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    To hell with Nebraska...they are overrated and irrelevant.

  8. #8
    Sooner All-Big XII-2-1+1-1+1 SoonerorLater's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by Sooner8th View Post
    An all that debt from dubya got us only 1.67% gdp growth.
    Well total public debt under Obama has doubled. Under his watch more money has been been thrown down the black hole of debt than all 43 presidents before him in total so when these few quarters are far back in the rear view mirror, we will still have to figure out a way to deal the 8-9 trillion debt that has been accumulated. And by the time he is done it will be a lot more than that.

  9. #9
    Sooner All-Big XII-2-1+1-1+1
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by SoonerorLater View Post
    Well total public debt under Obama has doubled. Under his watch more money has been been thrown down the black hole of debt than all 43 presidents before him in total so when these few quarters are far back in the rear view mirror, we will still have to figure out a way to deal the 8-9 trillion debt that has been accumulated. And by the time he is done it will be a lot more than that.
    The debt when obama took over was $10,626,877,048,913.08 and now is $17,904,999,710,062.18 that is not doubled. It doubled under bush and tripled under reagan not under obama. The deficit was $1.2 TRILLION a year when obama took over, it is now projected to be $506 billion more than cut in half.

    Try again...................
    Last edited by Sooner8th; 10/31/2014 at 08:11 AM.

  10. #10
    Sooner All-Big XII-2-1+1-1+1 SoonerorLater's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by Sooner8th View Post
    The debt when obama took over was $10,626,877,048,913.08 and now is $17,904,999,710,062.18 that is not doubled. It doubled under bush and tripled under reagan not under obama. The debt was $1.2 TRILLION a year when obama took over, it is now projected to be $506 billion more than cut in half.

    Try again...................
    "The federal debt owed to the public has more than doubled under Obama, rising by 103 percent".


    http://www.factcheck.org/2014/10/oba...r-2014-update/

  11. #11
    Sooner All-Big XII-2-1+1-1+1
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by SoonerorLater View Post
    "The federal debt owed to the public has more than doubled under Obama, rising by 103 percent".


    http://www.factcheck.org/2014/10/oba...r-2014-update/
    Do the math.

    http://www.treasurydirect.gov/NP/debt/current

  12. #12
    Sooner All-World olevetonahill's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Obammy is just a Peach, A peach I tell ya.
    http://www.soonerfans.com/image.php?type=sigpic&userid=38933&dateline=130040  9398

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    If God wanted Men to look women in the eyes, He wouldnt have gave em Boobs !

  13. #13
    Sooner All-Big XII-2-1+1-1+1
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    The Debt is a problem----The real problem is the $ 70 Trillion in unfunded liabilities that the Gov't has in the future----How are we going to pay that bill ?
    Last edited by REDREX; 10/31/2014 at 09:11 AM.

  14. #14
    Sooner All-Big XII-2-1+1-1+1 SoonerorLater's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by Sooner8th View Post
    No need to do the math. You can simply pull the history

    http://www.treasurydirect.gov/NP/deb...1&endYear=2014

    'Public debt' (owed to China, Japan, Financial institutions etc.) has more than doubled.

    from
    01/20/2009 6,307,310,739,681.66
    to
    10/29/2014 12,809,195,683,302.02


    Intragovernmental debt (non marketable IOU's. Think borrowing from Social Security to fund daily operations) has risen from

    from
    01/20/2009 4,319,566,309,231.42
    to
    10/29/2014 5,095,804,026,760.16

    While relatively less dire due to the fact that this debt can be reneged upon by simply reducing or eliminating Social Security. With more Baby Boomers retiring there will be less contributions and more draw down leaving a smaller pool of money to loot which will increase the borrowing on the public debt side of the house.

    and on and on it goes. It will get worse and worse. Next president will have to borrow even more than Obama no matter what party is in office. It will go on like this until we collapse under the weight of the debt.

  15. #15
    Sooner All-Big XII-2-1+1-1+1
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    So I guess Barack did double the debt

  16. #16
    SoonerFans.com Elite Member FaninAma's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    We'll see how the economy hums along now that the Fed has stopped QE. Europe and China are in the toilet but somehow the US economy is going to buck the trend? Whatever.
    Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.

  17. #17
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by REDREX View Post
    So I guess Barack did double the debt
    NO...do the math.

  18. #18
    Sooner All-Big XII-2-1+1-1+1
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by FaninAma View Post
    We'll see how the economy hums along now that the Fed has stopped QE. Europe and China are in the toilet but somehow the US economy is going to buck the trend? Whatever.
    So....going to beat him up for something that has not happened yet or may not happen.

    Black lining to a silver cloud.

    Europe is under 1% for this year and china is over 7%. How exactly is china in the toilet? And yes we will buck the trend, our economy leads trends not follows.

  19. #19
    SoonerFans.com Elite Member FaninAma's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    China has been lying about their growth for years.

    The world's economy is awash in liquidity provided by the Fed and other Central banks around the world yet wages are falling, work force participation is falling, the income gap is increasing.

    Tell me how the income gap increases under 6 years of a Democratic president, 2 years of Democratic control of both houses of Congress and 6 years of Democratic control of the Senate? I thought the Democrats were the friend of the middle and lower classes?
    Beware the man who would rule you for your own good. He will never cease. He will regulate every aspect of your life, destroy your liberty and enslave you, and sleep well convinced that he has made the world a better place.

  20. #20
    Baylor Ambassador SicEmBaylor's Avatar
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    Re: More great news on the economy! 3.5% Q3 growth in GDP

    Quote Originally Posted by FaninAma View Post
    China has been lying about their growth for years.

    The world's economy is awash in liquidity provided by the Fed and other Central banks around the world yet wages are falling, work force participation is falling, the income gap is increasing.

    Tell me how the income gap increases under 6 years of a Democratic president, 2 years of Democratic control of both houses of Congress and 6 years of Democratic control of the Senate? I thought the Democrats were the friend of the middle and lower classes?
    Monetary policy is well outside my wheel house, but it seems fairly obvious to me that positive economic indicators as mentioned in the OP are mostly a result of the Fed pumping money into the economy which is why there has been such a gap between stock prices and the unemployment rate and wages. We can't keep doing that forever, and I fear that when it ends the results are going to be dire.

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