The Conservative Cave
Current Events => Economics => Topic started by: CG6468 on August 04, 2011, 11:17:22 AM
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Will We Have a Double Dip Recession?
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Probably by Q4, if not already there. GDP has been at 0.4 and 1.3 percent in Q1 and Q2, and only once since 2007 has it exceeded 4 percent in any quarter (Q1 '10) and that can primarily be attributed to the spending of the stimulus program, now long gone.
Q3 GDP is forecast to be 1.5 percent, but that figure will likely fall short.
Bottom line--at least we'll be rid of Obumbles.
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Probably by Q4, if not already there. GDP has been at 0.4 and 1.3 percent in Q1 and Q2, and only once since 2007 has it exceeded 4 percent in any quarter (Q1 '10) and that can primarily be attributed to the spending of the stimulus program, now long gone.
Q3 GDP is forecast to be 1.5 percent, but that figure will likely fall short.
Bottom line--at least we'll be rid of Obumbles.
I agree with the exception of your last paragraph. "His people", and the black thugs, and the unions (some of them) will vote for him. That could make the election problematic, especially if a third party idiot decides to run, AND if "they" select a Republican candidate that Conservatives and Republicans don't like.
The first meeting after he signed the bill of goods was with union leaders.
I voted "Yes."
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Looking pretty ugly, with job growth stillborn, evaporating consumer confidence, and Europe caught in a drain-circling spiral. The revision downward so drastically of Q1 GDP raises the question in my mind as to whether the same thing is going to happen to Q2 GDP in two months (After it already came in a full half-percentage point below expectations for the initial number), since frankly there isn't any good economic news Q2 over Q1 to explain why Q2 was really a whole percent better than Q1's downward-revised number.
"Probably yes" might be a bit stronger than I feel, but that's what I picked. Really I think it is more like 50-50, but if anyone can nudge it over the edge into disaster, Obama is that man.
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Will We Have a Double Dip Recession?
I said yes, because there was no "we're still on the downslope of the last one" option.
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We are still in a recession since late 2007. It is just the recession got worse. Too much uncertainty in the world.
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What's the odds of a triple dip.....Hey, you can get a triple dip of ice cream cone....and Obama promised everybody ice cream and cake didn't he?
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barack couldn't try any harder to give us one
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I opted not to vote at all based on those choices. I don't buy in to the constantly bandied about notion that there might be a "second dip". The first one wasn't a dip at all, it was a slow nose down glide that never ended.
Now the DOW is plummeting like a cartoon anvil. The past few years have been like being adrift on a swift river in a small boat with no oars, headed for the falls. This could be the brink. In any event things are going to start happening more quickly and the bumps are going to be rougher.
Hey, DUmmies! How's that Obama thing workin' for ya?
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I opted not to vote at all based on those choices. I don't buy in to the constantly bandied about notion that there might be a "second dip". The first one wasn't a dip at all, it was a slow nose down glide that never ended.
HEY. Didn't you hear? Blammo and his administration said the first recession was over! :argh:
So that would "officially" make this a double dip. It will happen, sooner rather than later.
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As things stand right now...I don't think so. Slow growth, continuing high unemployment in the US? Yes. Way to much uncertain things going on to see the US economy take off and it will continue until the Obumble gets put in the unemployment line. It would help if obama care gets repealed.
Now all bets are off if taxes get raised.
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As things stand right now...I don't think so. Slow growth, continuing high unemployment in the US? Yes. Way to much uncertain things going on to see the US economy take off and it will continue until the Obumble gets put in the unemployment line. It would help if obama care gets repealed.
Now all bets are off if taxes get raised.
I'm thinking that the events of Friday and the weekend pretty much settled the question.
We're screwed.
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I'm thinking that the events of Friday and the weekend pretty much settled the question.
We're screwed.
I've thought that all along, but Friday and this weekend put the final nail in the coffin.
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14 yes or probably yes, 1 probably no.