GDP Down 6.1%, Reflecting Continuing Economic Woes

CNBC Online ^ | April 29, 2009

[jveritas]

What I said was I think the American people will do what is right in the long term and come to their senses down the road.

On this one we agree.

[tc45a]

The thing is that you do not clearly post against Obama socialism, his liberalism, and his appeasment to our enemies.

Because that does not interest me(attacking obama). That being said does not mean I agree with him.

I mainly post on FR about my concern over the mass transfer of our technological and manufacturing sectors to China or Mexico. I think the shorted sited profit goals of the ceo's is going to come back to haunt us.

[supercat]

In the first 100 days he has spent more than every president before him COMBINED.

Define "spent". Given that the annual government deficit is usually a small fraction of total revenue, that would imply that Obama has spent in 100 days an amount of money that exceeds revenues by an order of magnitude or more. His spending is reckless, but I can't believe it's that far overboard.

[Gabrial]

Educate yourself. Try looking here...

http://www.washingtonpost.com/wp-dyn/content/graphic/2009/03/21/GR2009032100104.html

This is the non-partisan CBO estimates of the deficit spending in Obama’s budget WITH AN INCREASING GDP!!!

The real numbers will be much worse due to the declining GDP. He is beyond "overboard", he is in a deep sea trench of spending.