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WHAT Growth? Naive Voters Re-Elected Obama While He/the Labor Dept/MSM Hid a Crashing Economy..
Reaganite Republican ^ | 30 January 2013 | Reaganite Republican

Posted on 01/30/2013 6:39:43 AM PST by Reaganite Republican

US economy actually SHRUNK in the 4th Quarter...

Remember back in the closing weeks of the 2012 campaign... when Jack Welch questioned Labor Dept jobs stats that seemed to be cooked to prop-up Dear Leader on the eve of the election? If you'll recall, he stated (and was pilloried by the Left for it) that
'The economy would have to be growing at a breakneck speed' to make such numbers possible... and just as Welch had suspected- it ain't.

But it's even worse than any of us thought: now you know what politicized federal agencies, the MSM, and the Obama campaign worked so hard to obfuscate: that real US economic growth -and the job creation- they were telling us we should be so happy about doesn't even exist:
CNBC (highlights RR):

The U.S. economy posted a stunning drop of 0.1 percent in the fourth quarter, defying expectations for slow growth and possibly providing incentive for more Federal Reserve stimulus. (Ed- ha ha, you wish)

The economy shrank from October through December for the first time since the recession ended, hurt by the biggest cut in defense spending in 40 years, fewer exports and sluggish growth in company stockpiles. 

The Commerce Department said Wednesday that the economy contracted at an annual rate of 0.1 percent in the fourth quarter. That's a sharp slowdown from the 3.1 percent growth rate in the July-September quarter. 

The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January...



Any of you idiot Obama voters willing to 
admit you've been bamboozled yet?

CNBC   WSJ   CommonSenseEvaluation   Hillbuzz


TOPICS: Business/Economy; Government; History; Politics
KEYWORDS: economy; gdp; growth; negative; partisanmediashills
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To: Reaganite Republican
The surprise contraction could raise fears about the economy's ability to handle tax increases that took effect in January...

Naaaaaah... Nothing to fear at all. Happy days are here again!

21 posted on 01/30/2013 7:20:23 AM PST by St_Thomas_Aquinas
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To: alloysteel
The economy is still limping along not because of the efforts of Bronco Bama, but in spite of them.

The fact that the economy contracted by 0.1% in the face of a withering, full frontal assault by Obama and his Leftist comrades, is a testimony to the hard-work, resiliency, and ingenuity of what's left of the free market.

22 posted on 01/30/2013 7:24:21 AM PST by St_Thomas_Aquinas
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To: Reaganite Republican
Not sure what everyone is bitching about... the decline in GDP was driven by a sharp decline in government spending. Isn't that what everyone wants?

Here's the analysis from Wells Fargo that came out moments ago:

Real Final Sales Up on Consumer and Residential Investment

Obviously, defense spending overstated third quarter GDP and depressed fourth quarter GDP. Therefore, we reemphasize the point that real private final sales to domestic purchasers provide a good benchmark for the underlying strength of the economy and remove some of the volatility due to inventory swings and government spending. Real private domestic final sales illustrate two characteristics of the U.S. economy today that are often lost in the hype of GDP. First, note the relative stability of sales over the past few years. There is a sense that underlying domestic demand has been remarkably stable overall while relative strength has shifted between sectors. Second, note how the pace of sales in the current expansion has clearly downshifted from prior expansions. This reinforces a theme we have often presented that growth in the current expansion has indeed settled into a slower growth pattern compared to the past and the expectations (hopes) of some analysts.

The Pluses: Consumer Spending and Housing—Yes, Housing

Personal consumption and residential investment carried the water in the fourth quarter. Personal consumption was up 2.2 percent in the fourth quarter and up 1.9 percent during all of 2012. Real disposable income grew 1.5 percent in 2012 and we expect it to return to that growth rate in the second half of 2013 after the hit from higher payroll and income taxes in the first half of this year. Residential investment registered double-digit gains in the second half of 2012 and we expect that momentum to remain in 2013. We anticipate that housing starts will pick up to a one million-unit pace by the fourth quarter of this year compared to a 900,000-unit pace in the fourth quarter of 2012. Earlier this week, the Case-Shiller Home Price Index was up 5.5 percent year over year for November—a very good sign.

23 posted on 01/30/2013 7:25:19 AM PST by Wyatt's Torch (I can explain it to you. I can't understand it for you.)
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To: redangus
They don’t want to hear the truth.

At bottom, it's a spiritual malady, since we know Who Truth is.

24 posted on 01/30/2013 7:28:17 AM PST by St_Thomas_Aquinas
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To: Reaganite Republican

I remember being surprised at the 3.1% growth in the Third Quarter until it was shown that so much of that growth was from Federal Government Spending... That was another Obama “spend it now to show we’re not sinking” tactic that the low information voter just accepted. Now we see the reverse in the 4th quarter.

And, of course, Cramer blames it on “Congress” and the fiscal cliff mess with not a mention of who resides in that great big white house in DC.


25 posted on 01/30/2013 7:28:17 AM PST by ReleaseTheHounds ("The problem with Socialism is that eventually you run out of other people's money." M. Thatcher)
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To: Cyber Liberty

>Let Q2 show another drop and it’ll be official: “Obama’s >double-dip recession.”
Q2 will be even worse. The US economy is in a 5 way squeeze.
1. Young workers, those note unemployed are saddled with college debt, so they aren’t spending.
2. Baby Boomers, looking at not retiring, low fixed income investment returns, so they aren’t spending
3. >50% of all US are living paycheck to paycheck, and now that pay check is smaller due to tax increases and portion they must pay of increasing health care premiums.
4. Increased US debt and fed QE are devaluing the dollar, so monthly cost of living is increasing. The cpi is a lie.
5. Obamacare is creating a new middle class where workers will need to work 3 part time jobs to (3x20 hours) to stay even with where they were before obama (BO)


26 posted on 01/30/2013 7:28:54 AM PST by jonose
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To: Wyatt's Torch; blam

Hussein Obama’s Fecal Federal Finger continues to lure the gullible Obamanation supporters to their doom - - - - .

Hussein O. is a Pied Piper of Poop, Pork and Propaganda.


27 posted on 01/30/2013 7:41:18 AM PST by Graewoulf ((Traitor John Roberts' Commune Obama"care" violates Anti-Trust Laws, AND the U.S. Constitution.))
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To: redangus

I got told:”We survived Bush. You will survive Obama.”

They don’t care that the country won’t survive Obama.


28 posted on 01/30/2013 7:46:26 AM PST by reformedliberal
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To: alloysteel

LOL! “BroncoBama”! LOL!

I remember that tearful little girl giving the Chicago communist that moniker. Thanks for reminding us!

You made me laugh.


29 posted on 01/30/2013 7:51:11 AM PST by RitaOK ( VIVA CHRISTO REY / Public education is the farm team for more Marxists coming.)
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To: reformedliberal

I should add that I know only one family that is unemployed. It just happened, the employer likely has some personal grudges and the former 20-year employee is nearly 50 w/some major physical issues and will be eligible for a VA subsidy for combat-related injuries.

Other than that, everyone I know is doing fine.


30 posted on 01/30/2013 7:53:22 AM PST by reformedliberal
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To: jonose
It's so bad there's no way the books can be cooked enough to put out an effective lie, although they will try.


31 posted on 01/30/2013 7:58:22 AM PST by Cyber Liberty (Obama considers the Third World morally superior to the United States.)
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To: Reaganite Republican

I think the punk POTUS has and will do enough damage at every level to doom us as a second or third tier nation for good. Rome had a good run too after about 400 years. Looks like ours will be about 125.


32 posted on 01/30/2013 8:00:21 AM PST by catfish1957 (My dream for hope and change is to see the punk POTUS in prison for treason)
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To: Reaganite Republican

2013 the new 1929 send thank you cards to Obama&Co.


33 posted on 01/30/2013 9:01:59 AM PST by Vaduz
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To: ctpsb

What was funny was two days ago NBC radio was interviewing Alan Goolsby, the theme was ‘The economy’s back!’

That’s what you get when fully co-opted hacks are put on the air by propaganda outlets like NBC


34 posted on 01/30/2013 9:18:16 AM PST by Reaganite Republican
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To: Graewoulf
"Hussein O. is a Pied Piper of Poop, Pork and Propaganda."

Proof Positive.

35 posted on 01/30/2013 10:53:07 AM PST by blam
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To: catfish1957

My 89 year old Dad has always said we were doing exactly as the Roman Empire did, just at record speed :(


36 posted on 01/30/2013 1:56:55 PM PST by AllAmericanGirl44 (Fluck this adminstration of misfits.)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Reaganite Republican.
It's worth remembering that in 1801, when Jefferson became president, the US national debt was around $100 million, about 10 times annual federal revenues. This was literally "the cost of freedom," and would correspond today to a national debt around $30 trillion. Since our actual national debt is $13+ trillion, the government is in better financial shape today than it was in Jefferson's time. And at the time, Jefferson's number one priority was paying down the national debt. So, how did he do it? How does ANY wise government ever increase its revenues? Yes, that's right! JEFFERSON REDUCED GOVERNMENT SPENDING AND CUT TAXES. -- Victor Davis Hanson: Wall Street 101 #45 by BroJoeK
Thank BroJoeK, and for that matter, thanks President Jefferson.


37 posted on 02/03/2013 11:38:30 AM PST by SunkenCiv (Romney would have been worse, if you're a dumb ass.)
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To: Reaganite Republican; ExTexasRedhead; ml/nj; PA Engineer; AuH2ORepublican; eeevil conservative; ...
Naive Voters Re-Elected Obama...

Yes, the economy really was in decline at the time of the last election, but did voters really re-elect Obama or was the outcome of the election determined by fraud and cheating in the electoral process, targeted cunningly to densely populated Dem controlled areas in the swing states?

Numbers in this election simply didn't add up and deviated from heretofore reliable pre-election polling data by larger degrees than we've seen in the past. An unprecedented lack of integrity in the voting and vote counting processes offer the most reasonable mathematical explanation for these discrepancies, rather than a massive change in the demographics of the electorate. (The latter, of course, has been the MSM mantra since the day after the election.)

38 posted on 02/03/2013 5:48:31 PM PST by justiceseeker93
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To: justiceseeker93
Bush got 62 million in 2004. McCain got 60 million in 2008. Romney got 61 million in 2012.

Kerry got 59 million in 2004. Obama got 69 million in 2008 . Obama got 66 million in 2012.

Which one of these outcomes appears most unlikely?

I'm asking that quite seriously because in 2012 Obama got barely 4 million more than Bush did 8 years earlier!

That's well within the range of normal growth in people who vote in the Presidential election over a period of years, and W's 62 mil to Romney's 61 mil to McCain's 60 mil doesn't show a wild deviation ~ nor much growth.

39 posted on 02/03/2013 6:29:00 PM PST by muawiyah
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To: justiceseeker93

http://pjmedia.com/tatler/2012/09/30/we-are-the-91-only-9-of-americans-cooperate-with-pollsters/ ~ polling has gone to hades in a plastic laundry tub with wheels! When you are down to an average of 9% response rates with these telephone polling techniques you are no longer talking to a representative sample ~ in fact, a dedicated minority group which did nothing but direct its members to ANSWER THE PHONE to every survey could misrepresent its opinion 11X and easily overwhelm any response by the general public. Do not believe the polls anymore.


40 posted on 02/03/2013 6:34:22 PM PST by muawiyah
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