Posted on 04/30/2015 3:41:23 AM PDT by IBD editorial writer
When the 0.2% GDP growth number came out on Wednesday, economists were quick to emphasize that it was just a temporary blip. [snip] Such words would be comforting indeed if it weren't the fifth April out of the past six that economists made almost the exact same claim
(Excerpt) Read more at news.investors.com ...
“Economist are just another title for glorified/overpaid salesman that are hired to pump up the economy”
No government grants or consulting contracts if you don’t support the regime.
Today is fun with numbers Thursday...
Drink up Shriners.
It must be a bunch of obamunists parroting this line.
Everyone knows that Obama’s second five-year plan will succeed.
U.S. Steel just announced that layoffs will rise to 9,000, and much of the Gary Works will be idled.
Mittal is likely to announce a large layoff, soon.
U.S. businesses just simply cannot compete anymore, not even for specialized stuff, on the world markets anymore.
Where the hell are the damn jobs OBONGO???
Obama...The ultimate failure!
Economists promise strong growth...? Bullshit!
If you never listen to anything again listen to what the Boston Fed said earlier in the week. They have no QE exit plan. It does not exist. They will continue to print until the whole thing finally crashes. The stock market is completely disengaged from the rest of the economy.
QE ended last October.
Read the remarks of the Boston Fed which say there is no QE exit plan.
Read the remarks of the Boston Fed which say there is no QE exit plan. Remember recently Yellen was going to start raising rates this summer. Yesterday it was announced not til Fall at the earliest. In Sept. they will announce maybe in Jan.
QE ended already. They stopped buying assets/printing. What do you think they mean by exit?
Like maybe never...?
[ Who says I’m against a 100% tariff on imports?
America goes further into the economic pie-hole every day.
We need to bring back America’s economy. Somehow. If tariffs on all imports will work, I’m all for that.
But we need to do something. ]
Simple solution, tie ALL Tariffs directly on the tax rates that domestic production as to suffer.
So by example:
USA Made widget, sells for 1,000 costs the company 200 bucks in taxes on materials and labour to make, ie 20% tax rate on widget.
China Made widget, china sell it to us for 800 bucks, but we put a 200 dollar tariff on it.
So essentially this puts pressure to lower domestic taxes because they are directly tied to Tariffs, so you will have large multinationals actually lobbying to LOWER domestic taxes, win-win.
Domestic taxes go down, domestic production goes up!
Ideally if we funded the government ONLY with Tariffs, Border control would be well funded and ENFORCED!
[ “Prosperity is just around the corner”
—may or may not have been said by Herbert Hoover. ]
Hoover didn’t learn a damned thing from Calvin Coolidge, because Hoover was a Pro-Regressive.
FDR was simply a full blown commie, socialist, pro-regressive compared to Hoover’s Socialism Lite.
So, flood the market with low priced oil and maintain the dependence. Raise the price and open it up to exploration and fracking. They are choosing the first approach. Iranian oil will kill the US Domestic exploration market. To me, that is a big part of Obama's push on this Iranian deal - it allows Iranian oil back into the market.
Nice. Saved that one.
1. Consumption
2. Investment
3. Government Spending
4. Exports
5. Imports
Exports and imports are measured as a net calculation (Exports minus Imports). Interestingly, "production" doesn't show up anywhere in this calculation ... since the contribution of any given product to the GDP is measured when it -- or its components -- are purchased/sold.
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