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Horror for US Economy as Data Falls off Cliff
CNBC ^ | 06/01/11 | Patrick Allen

Posted on 06/01/2011 4:06:55 PM PDT by MissesBush

Edited on 06/01/2011 4:26:23 PM PDT by Admin Moderator. [history]

The last month has been a horror show for the U.S. economy, with economic data falling off a cliff, according to Mike Riddell, a fund manager at M&G Investments in London.

"It seems that almost every bit of data about the health of the US economy has disappointed expectations recently," said Riddell, in a note sent to CNBC on Wednesday.


(Excerpt) Read more at cnbc.com ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: bhoeconomy; cnbc; debt; default; democrats; depression; economy; hopeychangey; nobama2012; obama; obamadepression; obamanomics; property; qe3; recession; socialism; socialistdemocrats; teachers; unexpected; useconomy
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Yes, "Obama killed Osama," but he also killed the US economy as well. That Obama stimulus sure seems to be doing the trick, doesn't it??!
1 posted on 06/01/2011 4:07:00 PM PDT by MissesBush
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To: MissesBush

“has disappointed expectations “

The new “unexpected”?


2 posted on 06/01/2011 4:12:53 PM PDT by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: MissesBush

When it all falls down, our society, currency, institutions, what will occur? Will the people demand freedom or a strong man to restore order on any terms?

Count on the second option. We are too debased for anything else.


3 posted on 06/01/2011 4:13:40 PM PDT by Jacquerie (Secure Natural Rights and a country will prosper. Suppress them and the country will founder.)
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To: MissesBush; ExTexasRedhead; Zakeet
Mission (almost) Accomplished!

We propose a One World Currency to solve all these problem!

.....slow applause.....

4 posted on 06/01/2011 4:14:23 PM PDT by SkyPilot
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To: Jacquerie
Will the people demand freedom or a strong man to restore order on any terms?

Those "bitter" citizens who "cling to guns and religion" will know better.

The American Idol Watchers/Illegal Squatters/Limousine Liberals/MSM Whores/Ghetto Trash/Tax Takers will go for Option B......big time.

Hey. What harm can a "strong man" do?

5 posted on 06/01/2011 4:16:59 PM PDT by SkyPilot
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To: MissesBush

Stimulus = vibrator. Wankery instead of the vital connection of impregnation. Result = stain on sheet, rather than renewal and revitalization.


6 posted on 06/01/2011 4:19:15 PM PDT by Eleutheria5 (End the occupation. Annex today.)
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To: Eleutheria5
By November 2012 Obama will never be re elected. He just can't do the things to improve the economy. Regulations, Oil drilling or fracking, or taxes.

Hope won't change the economy.

7 posted on 06/01/2011 4:23:39 PM PDT by scooby321
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To: Jacquerie

We will demand LIBERTY, there are still some ol’ boys that can run a trout line and skin a buck that ain’t gunna take anything less.


8 posted on 06/01/2011 4:28:03 PM PDT by WorkerbeeCitizen (I STAND WITH ISREAL!)
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To: MissesBush

Try as they might, they can’t completely cover up the fact that we are in an economic depression. They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Street’s “health” is proof of economic recovery.

But the underlying fundamaentals are horrible and there is no hiding them for long - they keep popping up.

We are in a depression. I think it is telling how bad a depression we are in that the entire might of a nation’s propaganda machine and banking sector can’t completely hide the magnitude and depth.

They will fool less and less people As the depression lingers and deepens. I have no clue when we get out of this thing. I only know that our “service economy” is not the thing to get us out of it. Previous returns to economic health came from real investment, from real production. Now, all they can do is blow another bubble. Without the government being pulled out of the way of the private sector, I don’t know how a real economic recovery is possible.


9 posted on 06/01/2011 4:29:23 PM PDT by Freedom_Is_Not_Free (SP12: Josh Ferrin for President - he is my new hero.)
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To: MissesBush
What a guy!

Yep he definitely has MY vote in 2012! /Holy Moly Major Sarc!

Jimma', YOU are a savior in comparison!

10 posted on 06/01/2011 4:33:06 PM PDT by EGPWS (Trust in God, question everyone else)
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To: MissesBush
Horror for US Economy as Data Falls off Cliff

Thank GAWD we have FREE health care now to get us through all this!

11 posted on 06/01/2011 4:35:58 PM PDT by EGPWS (Trust in God, question everyone else)
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To: MissesBush

Is it obama’s fault yet?


12 posted on 06/01/2011 4:37:05 PM PDT by clearcarbon
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To: scooby321
By November 2012 Obama will never be re elected.

That depends upon who counts the votes....

13 posted on 06/01/2011 4:38:02 PM PDT by EGPWS (Trust in God, question everyone else)
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To: clearcarbon
Is it obama’s fault yet?

Nope, it's still the best situation that any living being could ask for BECAUSE of the messiah!

Without him it would be 10 times as bad! /MS

14 posted on 06/01/2011 4:40:11 PM PDT by EGPWS (Trust in God, question everyone else)
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To: MissesBush
just in time for QE-III to bury it...
15 posted on 06/01/2011 4:40:40 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: MissesBush
The panic BS. We can only save the world economy if we raise the debt limit or we are doomed is Black House BS.

Screw Captain Zero. Do not raise the debt limit and make real cuts to the budget and toss this POS monkey eared incompetent out in 2012.

16 posted on 06/01/2011 4:43:45 PM PDT by hflynn
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To: Freedom_Is_Not_Free; SkyPilot

“They are doing an effective job of propping up Wall Street while our 5th Column, the MSM, shouts that Wall Street’s “health” is proof of economic recovery.”
____________________________________________________

I have said for the last two years that Wall Street is nothing more then a scam, controlled by a hand full of criminal fat cats like George Soros.

I know we have one member that is always reporting economic and market and “double dip” news, but it is worthless news,
and the double dip is nothing but one big sinkhole.

One side note, when I see a photo of Obumbo, like the one Sky Pilot posted, I get sick at my stomach.
Obmumbo’s expression reeks with contempt from Hell.


17 posted on 06/01/2011 4:44:17 PM PDT by AlexW (Proud eligibility skeptic)
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To: MissesBush; SAJ; Lazamataz

It’s not *just* 0bama killing our economy...state and city regulations are likewise choking businesses. It takes pages of paperwork to start any new business these days, compliance with onerous zoning, bans against smoking, insurance, taxes on sales property and income, multiple commissions/bureaucracies “Signing off” on your concept, etc.

Can you just go handmake a gun and sell it from your garage? No. Mounds of paperwork and federal/state/city compliance reqs.

Can you just go make a cigarette and sell it from your basement? Not a chance. Tons of paperwork and lots of delays dealing with bureaucracies.

Booze? Gotta get special permits to make it or to sell it, and not every location is “zoned” to allow you to do business with it.

At every turn, Americans are regulating our economy out of business.

Want to build a micro-power-plant to sell electricity to your local grocery store? It would cost you more to process the permit applications than to buy the generators, windmills, and solar panels.


18 posted on 06/01/2011 4:44:17 PM PDT by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: SkyPilot
What harm can a "strong man" do?

He can engineer an enemy attack on our shores just like FDR did.

19 posted on 06/01/2011 4:48:41 PM PDT by Misterioso (A liberal is a communist, but too stupid to realize it.)
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To: Freedom_Is_Not_Free

Haven’t you heard? It will be Bush’s fault for at least 6 more years.


20 posted on 06/01/2011 4:57:23 PM PDT by Terry Mross (Only a SECOND party will get my vote.)
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