MMMMMMMMMMMBOP!

Proof that Sharia Law is taking over America

Population growth rate: 0.97%. So, per-capita inflation-adjusted GDP is still going up.

I know, somehow, on a finite mature continent, we should be expecting it to be 5%+ over inflation for ever and ever. 8% if possible. And also tooth fairies.

Is that supposed to be an article or just a single statistic meant to usher people over to the "These Economies will dominate the World by 2050" article. I clicked that article, incidentally, the first country that came up was Portugal...Ireland is #45... GREECE is #43...there is no #30...Italy is #11... and of course China is #1.

Uh... yeah.

Lawnchair: Population growth rate: 0.97%. So, per-capita inflation-adjusted GDP is still going up.

I know, somehow, on a finite mature continent, we should be expecting it to be 5%+ over inflation for ever and ever. 8% if possible. And also tooth fairies.

This. If we had 5-8% GDP growth year over year still, inflation would kill us.

And considering that inflation is running at about 10% per year, what they're basically saying is that we're 8.3% less productive than last year.

Wonderful.

Of course I'll probably be arrested for insinuating such an inconvenient thing under Obama's regime

the_innkeeper: Lawnchair: Population growth rate: 0.97%. So, per-capita inflation-adjusted GDP is still going up.

I know, somehow, on a finite mature continent, we should be expecting it to be 5%+ over inflation for ever and ever. 8% if possible. And also tooth fairies.

This. If we had 5-8% GDP growth year over year still, inflation would kill us.

So let me get this straight ... economic growth is bad now?

meat0918: RumsfeldsReplacement: And considering that inflation is running at about 10% per year, what they're basically saying is that we're 8.3% less productive than last year.

Wonderful.

Of course I'll probably be arrested for insinuating such an inconvenient thing under Obama's regime

10% screaming out for a citation.

Something tells me that if he does provide you with a citation, it'll be from Fox News/WSJ/NY Post, WND, Townhall or American Thinker.

RumsfeldsReplacement: And considering that inflation is running at about 10% per year, what they're basically saying is that we're 8.3% less productive than last year.

The work 'real' in the headline and news release alludes to the fact that the GDP number is inflation-adjusted. Of course that is gummint-ebil-lie CPI figuring, which says the last year or two has had about the lowest inflation since WWII. You're certainly welcome to discredit that, but then there no reason to believe anything about the ebil-gummint-lie GDP figure either or get particularly worried about its implications.

meat0918: I wonder what happened in 2011 that might have damaged the recovery..

FlashHarry: yes, it's true that the economy stalled after republicans took over the house and started pulling all sorts of bullshiat shenanigans to try to slow the economy.

who knew that taking congressional time to read the constitution aloud and defunding NPR and planned parenthood wouldn't spur job creation!

Oh yeah... THAT happened.

Not to mention:

ARRA Spending by Year

Through September 2011, 78 percent of the expected total spending through 2019 has been recorded. As CBO expected, spending started relatively slowly in fiscal year 2009, with $114 billion in outlays stemming from ARRA that year. The peak effect of the legislation was in 2010, when outlays totaled $235 billion; about $145 billion was spent in 2011.

ARRA spending began to wane in late 2010. The slowdown continued during 2011, as the law's assistance to states through the Medicaid program ended and as assistance in the form of unemployment compensation and refundable tax credits declined. (Subsequent legislation extended some benefits to the unemployed and aid to states for Medicaid, but it also limited the duration of benefit increases in SNAP; the effects of such changes are not included in this analysis.)
CBO (new window)

Jesus I can't type this morning.

Bladel: This is what Austerity gets ya.

Well, then.. let's throw another shrimp on tha barbie!

miked1883: the_innkeeper: Lawnchair: Population growth rate: 0.97%. So, per-capita inflation-adjusted GDP is still going up.

I know, somehow, on a finite mature continent, we should be expecting it to be 5%+ over inflation for ever and ever. 8% if possible. And also tooth fairies.

This. If we had 5-8% GDP growth year over year still, inflation would kill us.

So let me get this straight ... economic growth is bad now?

Like most things, too much too fast can be.

miked1883: So let me get this straight ... economic growth is bad now?

Not saying that at all. Love to see it happen.

Just saying that torrid economic growth like we saw in parts of the 20th century should probably be seen as more of an anomaly due to some unique historical factors. And, so, if you're basing all your economic policies, planning, retirements on the resumption of steady 8% over inflation growth coming back (and basically every business, every level of government, and most individuals do), you're falling into 'cargo cult' territory.

You cut off the govt money spicket and the GDP will shrink. A low but positive figure with most of the Kensian pump programs cut back is a good sign. A shrinking of the GDP growth is not scary and it now being positive shows that the economy is almost recovered when looking wider than just the numbers.

There is money to be had in a down economy and the media knows this.

Bad news = page views

My god, our success was marginally less than predicted?

QuICKLY, VOTE REPUBLICAN. ONLY THEY CAN GET US OUT OF THIS MESS.

Goimir: Let's look at groceries, fuel, energy, and housing over the past 10 years and see what we get.

Butter and meat are twice what they were, as are sugar, flour, and fresh vegetables.

Fuel is about 3 times what it was

Electricity and gas have doubled

And they've all been pretty much flat over the last 2-4 years.

You could say that Obama/gridlock has ended up being a lot stronger inflation hawk than Bush/total GOP control. Or, rather, you could see it that we were really close to entering a deflationary spiral in 2008 and have been pulling out the stops to prevent that because, while it sounds lovely from a consumer perspective, it's actually a capital-letter Bad Thing.

James F. Campbell: My god, our success was marginally less than predicted?

QuICKLY, VOTE REPUBLICAN. ONLY THEY CAN GET US OUT OF THIS MESS.

OBAMA PREVENTED A DERPRESSION!! SO VOTE DEMOCRAT AGAIN!!

dj_spanmaster

Cap the income of the 1%? How are we supposed to do that?

Bladel: This is what Austerity gets ya.

As soon as there's some austerity, let me know.

dj_spanmaster: Capping the 1%'s income

Wow. Giving the government the authority to say what people can and cannot earn from both sides of the income gap. What an amazingly and insanely bad idea.

Does it not occur to people like you that if the middle and lower classes actually gave a flying fark about the top income earners beyond their convenience as a target for misplaced ire they actually do have the ability to stop it? Bankers don't just walk around taking people's money, they get it because people hand it to them without bothering to think through the consequences.

People pay the prices they do for things, and work for the wages and benefits they do, because they won't fight for something better for themselves. CEOs and whatnot only get the money they do because people gladly cough it up to them. That the consumer masses are lazy, whiny, cornfed dolts who can't be bothered to do anything for themselves beyond setting the DVR to record American Idol is not a good reason to give the government such expansive power.

TeaTards: Draconian cuts in federal spending now !!!

Goverment: Okay, here ya go.

TeaTards: OMGZ, GDP ISN"T HIGH ENOUGH!!!!11

LouDobbsAwaaaay: Splinshints: People pay the prices they do for things, and work for the wages and benefits they do, because they won't fight for something better for themselves.

And yet, when they do fight that fight, they are demonized as "union thugs" out to destroy America. One law for the rulers, and another for the ruled.

Because unions are the only way individuals can ask for a raise, right?

dj_spanmaster: You know how we have minimum wage? Granted, it's not perfect, but it's a start. Begin with upper management types: cap a CEO's compensation + options at a certain valuation multiple of the company's average worker.

We really can't do that and, more importantly, we should never consider doing things like that.

The federal government can decide what sort of salary federal workers can be paid. It cannot tell private companies how much to pay people beyond the minimum wage. Believe it or not, there are actually limits to federal authority.

miked1883: the_innkeeper: Lawnchair: Population growth rate: 0.97%. So, per-capita inflation-adjusted GDP is still going up.

I know, somehow, on a finite mature continent, we should be expecting it to be 5%+ over inflation for ever and ever. 8% if possible. And also tooth fairies.

This. If we had 5-8% GDP growth year over year still, inflation would kill us.

So let me get this straight ... economic growth is bad now?

Economic growth is the worst possible thing. That is until it picks up (and Obama is president) or remains low (and a republican wins).

instead of giving $1 trillion to the banks/lending institutions, what about giving every American $3000?

It roughly the same amount and the money would still end up in the banks hands in the end. Some debts would get paid off (banks still get the money) and would give people some disposable income to spur growth or able to pay off other debts (banks get more money).

/still studying for my GED in economics so feel free to edumicate me.

//tax cuts?

Hyjamon: instead of giving $1 trillion to the banks/lending institutions, what about giving every American $3000?

It roughly the same amount and the money would still end up in the banks hands in the end. Some debts would get paid off (banks still get the money) and would give people some disposable income to spur growth or able to pay off other debts (banks get more money).

/still studying for my GED in economics so feel free to edumicate me.

//tax cuts?

bbbbut inflation

meat0918: I wonder what happened in 2011 that might have damaged the recovery....Oh yeah... THAT happened.

Ah yes, good point. Republicans gained control of the House and the economy immediately started to tank. Thank god we have people like you around to point out causal relationships regarding the nuances of the economy.

I gather that since the economy was rolling along in 2006, and then went to shiat not two years after the Dems regained control of Congress, that you blame the Democrats for the great recession?

Actually, don't bother responding. I already know you're an idiot, what's the point of you confirming it?