NationStates Jolt Archive

http://www.msnbc.msn.com/id/30472088/


The economy shrank in the 1st quarter by 6.1%.

Now the usual blaming their politician, and claiming your politician is the only solution aside.

what do you think these numbers present as ramifications for the future ?

For the future, I don't know, but the NYSE reaction has the Dow up 188 points.

Wow, I thought we were doing badly with 2-odd% shrink. I could play the blame game but I'm sure lots of people better at it will.

Personally I'm interested in how this recession is going to shape the socio-political landscape in the decades to come - given it's scope we'll be feeling the after-effects long after the economies have recovered. Not just in terms of debt but also in terms of geopolitical power and economic political discourse.

Clearly it's Clinton's fault.

Clearly it's Clinton's fault.

And Obama's.


But, once we get it of it, it will clearly be due to the magic (yes, MAGIC) of Reaganomics.

And Obama's.


But, once we get it of it, it will clearly be due to the magic (yes, MAGIC) of Reaganomics.

So... Reagan was a witch? :wink:

And Obama's.


But, once we get it of it, it will clearly be due to the magic (yes, MAGIC) of Reaganomics.

Trickle down, O blessings of Wall Street, trickle down on me!

So... Reagan was a witch? :wink:

http://roddysrockinreviews.files.wordpress.com/2009/04/wikcked.jpg

The REAL Ronald Reagan.

Meh.

So... Reagan was a witch? :wink:

He turned me into a newt once. I got better.

Clearly it's Clinton's fault.

adding the culprit actually first.


And Obama's.


But, once we get it of it, it will clearly be due to the magic (yes, MAGIC) of Reaganomics.

I specifically asked for this thread not to turn into yet another my president is the only hope for the economy, your president ruined it thread.

I specifically asked for this thread not to turn into yet another my president is the only hope for the economy, your president ruined it thread.

Looks to me more like it's being turned into a Monty Python quote-fest

I specifically asked for this thread not to turn into yet another my president is the only hope for the economy, your president ruined it thread.

My president IS the economy!

My president IS the economy!

then you don't need to mention the president's name or office, now do you? What are the ramifications of an economy shrinking this much?
what will happen to unemployment and investment ?

then you don't need to mention the president's name or office, now do you? What are the ramifications of an economy shrinking this much?
what will happen to unemployment and investment ?
Unemployment will go up, investment, down?:tongue:

Unemployment will go up, investment, down?:tongue:

Will there be rioting in the streets and a communist revolution ??

Will there be rioting in the streets and a communist revolution ??

COME TOSVARICHI! Destroy the Bourgeois oppressors!:p

People go wild with your speculation. will the economy continue to worsen ? Will it lead to more extreme measures than a change of voting habits ?
Will the economy rebound and the party in office become heroes?

Looks to me more like it's being turned into a Monty Python quote-fest

Have you got anything without spam?

People go wild with your speculation. will the economy continue to worsen ? Will it lead to more extreme measures than a change of voting habits ?
Will the economy rebound and the party in office become heroes?

It will be bad for another 2-3 quarters and then rebound leading to about 10 years of relatively decent economic growth before the next downturn, rinse and repeat.

So... Reagan was a witch? :wink:

So he was made of wood?

So he was made of wood?

Ever watch any of his movies?

Actually, he was a decent actor. President? I dunno.

So he was made of wood?

As an actor, more likely made of Ham.

As an actor, more likely made of Ham.

I see what you did there.

It doesn't say much that a thread created to discuss the deteriorating economic climate has devolved into a let's-all-hate-on-Reagan fest . . .

Anyway, I think the economy will turn around soon. I'm guessing by the beginning/middle of 2010 things will seem much better. We'll see though. Totally dependent on what our now totally Democrat controlled government does. Ball is completely in their hands.

It will be bad for another 2-3 quarters and then rebound leading to about 10 years of relatively decent economic growth before the next downturn, rinse and repeat.

would be a good way to cycle parties in power.
blame outgoing party for economy.

It doesn't say much that a thread created to discuss the deteriorating economic climate has devolved into a let's-all-hate-on-Reagan fest . . .

Hating on Reagan is fun.:wink:

Anyway, I think the economy will turn around soon. I'm guessing by the beginning/middle of 2010 things will seem much better. We'll see though. Totally dependent on what our now totally Democrat controlled government does. Ball is completely in their hands.
Eh, unless they really fuck things up, I'd say 2010 is a good guess for when the economy will turn around.

...

I just remembered that it was 2009. Where is my mind going?

It doesn't say much that a thread created to discuss the deteriorating economic climate has devolved into a let's-all-hate-on-Reagan fest . . .


Who is hating on Reagan? All I see is a comment made that mocks people who will give his economic policies credit even when they had nothing to do with it, and then a bunch of Montey Python quotes.

Chill man:p

Interest rates are going back up. Well off Dec. lows. I don't think any turn around can get legs with that.

Teh consumer side is fucked anyway.

Interest rates are going back up. Well off Dec. lows. I don't think any turn around can get legs with that.

Teh consumer side is fucked anyway.

Stocks have been rising a bit too. That doesnt mean much in regards to consumer spending, but theyre all signs.

I hope that when we get out of this economic crisis that the american companies will not be allowed to rely on taxpayers and tarrifs for their support.

I hope that when we get out of this economic crisis that the american companies will not be allowed to rely on taxpayers and tarrifs for their support.

Or the government keeps an eye out and regulates things so what caused this mess doesnt happen again...

http://www.msnbc.msn.com/id/30472088/


The economy shrank in the 1st quarter by 6.1%.

Now the usual blaming their politician, and claiming your politician is the only solution aside.

what do you think these numbers present as ramifications for the future ?

Consumer spending was up some 20% or so...

I thought consumer spending was supposed to be what defines our economy?

Or the government keeps an eye out and regulates things so what caused this mess doesnt happen again...

There's not much hope of that.

There's not much hope of that.
If by 'not much hope' you mean 'virtually zero chance', I agree:p

Consumer spending was up some 20% or so...

I thought consumer spending was supposed to be what defines our economy?

Consumer spending usually defines the direction of our economy. So hopefully recovery is on the way.

Well if they said that it wasn't that bad, and it turns out the economy shrunk that much, well they're pretty full of shit eh?

That's just my layman's take on it. I really think it's going to get a lot worse before it gets anywhere near better.

This is as good a time as any to point out that this is an annualised rate, I suppose.

Still spectacularly shitty, but not as bad as the OP made it look...

Consumer spending usually defines the direction of our economy. So hopefully recovery is on the way.
the way I heard it this morning was that GDP was down 6%, consumer spending was up 20 something %, which means that businesses are going through their inventory but haven't had reason to buy new inventory. And presumably once the inventory runs out, GDP will go up again.

Personally, I think the economy is going to rebound the day the government says, "Ok these are the new rules, we will stop messing around, and you can safely rely on these new rules being stable"

Consumer spending was up some 20% or so...

I thought consumer spending was supposed to be what defines our economy?

Gross domestic product is by convention the chief measurement of the economy.

http://features.csmonitor.com/economyrebuild/2009/04/29/silver-lining-of-shrinking-economy-consumer-spending-up/

Also the numbers I am getting only show consumer spending up 2.2%.
Which barely puts a dent in what was lost quarters 3rd and 4th of last year.

good, maybe it'll shrink enough around enough makiavellian necks to either put them out of the planets misery, or wake them up to what's really more important instead.

COME TOSVARICHI! Destroy the Bourgeois oppressors!:p

Yes Comrade, line the oppressors against the wall and let them feel the fury of the workers with your Kalashnikov!