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(Huffington Post)   Cutbacks in government spending unleash power of private sector. GDP growth slows to 2.2%   (huffingtonpost.com) divider line 269
    More: Fail, government spending, cutbacks, private sector  
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2187 clicks; posted to Politics » on 27 Apr 2012 at 7:38 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-04-27 01:44:35 PM
The slowdown in GDP growth is obviously because we didn't cut government spending enough. If we cut a humongous amount of spending by, say, abolishing food stamps and Medicaid, I guarantee that GDP would grow by at least 10,000% the following quarter.
 
2012-04-27 01:55:45 PM
Imagine if we'd cut deeper. Look at how austerity has inspired the European Spring.
 
2012-04-27 01:57:18 PM
It really is a testament to the power of this nations economy. When you consider how much effort has gone into trying to slow or stop the recovery 2.2% is amazing. Imagine if everyone was working towards success what that number might be.
 
2012-04-27 02:03:55 PM
Government spending = Growth in Gross National Product? That's a great model.
 
2012-04-27 02:04:31 PM

Serious Black: The slowdown in GDP growth is obviously because we didn't cut government spending enough. If we cut a humongous amount of spending by, say, abolishing food stamps and Medicaid, I guarantee that GDP would grow by at least 10,000% the following quarter.


We have to go even further! With 0% government spending, we'll grow the economy by 1 billion percent!
 
2012-04-27 02:05:20 PM

TheDumbBlonde: Government spending = Growth in Gross National Product? That's a great model.


Austerity certainly caused the GNP of all those European economies to grow drastically, right?

Oh, I mean fall, sorry. Fall.
 
2012-04-27 02:05:56 PM

TheDumbBlonde: Government spending = Growth in Gross National Product? That's a great model.


Ok. I'm going to get slammed on that, but when don't I? Color me whatever color dumbass is....
 
2012-04-27 02:10:44 PM

TwoHead: It really is a testament to the power of this nations economy. When you consider how much effort has gone into trying to slow or stop the recovery 2.2% is amazing. Imagine if everyone was working towards success what that number might be.


Good point. With all the effort the GOP has been putting into tanking the economy over the last couple of years, they should have done much better.

Just shows how incompetent they really are. They can't even fark things up effectively. No way they should be running the country.
 
2012-04-27 02:20:59 PM

MrBallou: TwoHead: It really is a testament to the power of this nations economy. When you consider how much effort has gone into trying to slow or stop the recovery 2.2% is amazing. Imagine if everyone was working towards success what that number might be.

Good point. With all the effort the GOP has been putting into tanking the economy over the last couple of years, they should have done much better.

Just shows how incompetent they really are. They can't even fark things up effectively. No way they should be running the country.


The Wednesday after the election, I think I'm going to drink champagne all day and watch videos of Mitch McConnell saying his number one goal is to make Obama a one-term President.
 
2012-04-27 02:29:05 PM

TheDumbBlonde: I'm going to get slammed on that, but when don't I?


...Fap?
 
2012-04-27 02:46:31 PM

cameroncrazy1984: MrBallou: TwoHead: It really is a testament to the power of this nations economy. When you consider how much effort has gone into trying to slow or stop the recovery 2.2% is amazing. Imagine if everyone was working towards success what that number might be.

Good point. With all the effort the GOP has been putting into tanking the economy over the last couple of years, they should have done much better.

Just shows how incompetent they really are. They can't even fark things up effectively. No way they should be running the country.

The Wednesday after the election, I think I'm going to drink champagne all day and watch videos of Mitch McConnell saying his number one goal is to make Obama a one-term President.


Why would you drink champagne when you can drink the tears of unfathomable sadness coming out of every reactionary in America?
 
2012-04-27 02:49:55 PM

Serious Black: cameroncrazy1984: MrBallou: TwoHead: It really is a testament to the power of this nations economy. When you consider how much effort has gone into trying to slow or stop the recovery 2.2% is amazing. Imagine if everyone was working towards success what that number might be.

Good point. With all the effort the GOP has been putting into tanking the economy over the last couple of years, they should have done much better.

Just shows how incompetent they really are. They can't even fark things up effectively. No way they should be running the country.

The Wednesday after the election, I think I'm going to drink champagne all day and watch videos of Mitch McConnell saying his number one goal is to make Obama a one-term President.

Why would you drink champagne when you can drink the tears of unfathomable sadness coming out of every reactionary in America?


Champagne tastes better?
 
2012-04-27 02:49:59 PM

TheDumbBlonde: Ok. I'm going to get slammed on that, but when don't I? Color me whatever color dumbass is....


I'm actually impressed that you caught the error.

And just a suggestion... if you are constantly slammed for the things you say by otherwise reasonable people, perhaps it is time to consider that your utterances are worthy of being slammed. Maybe your beliefs are based on propaganda and falsehoods.

Just a thought. Carry on.
 
2012-04-27 03:20:18 PM

cameroncrazy1984: Serious Black: cameroncrazy1984: MrBallou: TwoHead: It really is a testament to the power of this nations economy. When you consider how much effort has gone into trying to slow or stop the recovery 2.2% is amazing. Imagine if everyone was working towards success what that number might be.

Good point. With all the effort the GOP has been putting into tanking the economy over the last couple of years, they should have done much better.

Just shows how incompetent they really are. They can't even fark things up effectively. No way they should be running the country.

The Wednesday after the election, I think I'm going to drink champagne all day and watch videos of Mitch McConnell saying his number one goal is to make Obama a one-term President.

Why would you drink champagne when you can drink the tears of unfathomable sadness coming out of every reactionary in America?

Champagne tastes better?


And there's alcohol in champagne. Although there might be booze in Boehner's tears...
 
2012-04-27 03:22:21 PM

skinnycatullus: TheDumbBlonde: Ok. I'm going to get slammed on that, but when don't I? Color me whatever color dumbass is....

I'm actually impressed that you caught the error.

And just a suggestion... if you are constantly slammed for the things you say by otherwise reasonable people, perhaps it is time to consider that your utterances are worthy of being slammed. Maybe your beliefs are based on propaganda and falsehoods.

Just a thought. Carry on.


How about you take a group apology as just that?
 
2012-04-27 03:33:02 PM

TheDumbBlonde: How about you take a group apology as just that?


Deal.
 
2012-04-27 03:35:50 PM
I suppose this means we need more tax cuts?
 
2012-04-27 03:40:38 PM

MaudlinMutantMollusk: I suppose this means we need more tax cuts?


Only for the ultra-rich. The poor need more "skin in the game"
 
2012-04-27 03:59:59 PM

Serious Black: The slowdown in GDP growth is obviously because we didn't cut government spending enough. If we cut a humongous amount of spending by, say, abolishing food stamps and Medicaid, I guarantee that GDP would grow by at least 10,000% the following quarter.


Some countries don't have food stamps and Medicaid programs for their impoverished citizens. Those countries are awesome places to live, perhaps you could go there and see for yourself the awesomeness.
 
2012-04-27 05:02:35 PM
So, we should probably cut Social Security so we can spend more on defense. Right?
 
2012-04-27 05:14:24 PM
The economy is growing more slowly because it senses that Obama might win in November!
 
2012-04-27 05:15:58 PM

NewportBarGuy: So, we should probably cut Social Security so we can spend more on defense. Right?


I can see the argument in maintaining existing defense contracts so as not to counter growth during a recession. That doesn't mean we have to keep bases in dozens and dozens of countries around the world. And it doesn't mean that additional spending needs to go to defense instead of, say, fixing infrastructure and improving education.
 
2012-04-27 05:19:59 PM
maybe if they just stripped women, gays and atheists of a few more rights due any human being GDP growth would be 100000000000000000000000000000000%
 
2012-04-27 05:50:50 PM
something something tax cuts.
 
2012-04-27 06:54:53 PM
The Republicans did exactly as they promised. Jobs.

You heard "jobs", as in a gain in the number of employed people. What they actually said was "Jobs", as in the biblical character who had to suffer for no other reason than an evil dickhead needed his jollies.

LERN TO CHRISTIANITY, LIBTARDS!

/The scary thing is it's still true enough in spite of the snark
 
2012-04-27 07:29:21 PM

TheDumbBlonde: TheDumbBlonde: Government spending = Growth in Gross National Product? That's a great model.

Ok. I'm going to get slammed on that, but when don't I? Color me whatever color dumbass is....


You're already Grey 4.
:)

Oh, and on topic: Yes, you are correct -- that's a great model for pulling the US out of a recession. Right now we can borrow money at a net GAIN in interest over time. The current government is completely insane not to be shoveling on the debt at this moment. If someone offered you a credit card at -1% interest, I would hope you would grab it and run it to the limit as fast as you could. Not just free money -- better than free.
 
2012-04-27 07:40:26 PM

TheDumbBlonde: Government spending = Growth in Gross National Product? That's a great model.


Only as a stop gap.

If private business doesn't step up eventually(they usually do, as inventories eventually run out), you have a problem...
 
2012-04-27 07:41:23 PM

NewportBarGuy: So, we should probably cut Social Security so we can spend more on defense. Right?


oooo! cut food stamps and lets just institute a draft while we're at it. I think we might need a bunch of cannon fodder soon.
 
2012-04-27 07:42:38 PM
I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.
 
2012-04-27 07:43:03 PM
don't forget about all of those Job Killing RegulationsTM
 
2012-04-27 07:43:09 PM
So by this model, we should be basing everything on the first week in January?

The economy is very volatile right now, folks. Stop making predictions based on the first three months of a very tenuous gain in a very unstable time.
 
2012-04-27 07:43:13 PM
Yeah, we definitely didn't cut enough. Look at Europe, they went for more stringent austerity plans instead of stimulus and...

Guardian: With the UK economy slipping into a double-dip recession (UK back in recession, 26 April), it's clear that austerity is killing the UK economy. Over the last year the UK economy has effectively stalled, recording no growth at all, with only Italy performing worse among the G7 nations. To date the budget deficit has been reduced by £11bn, but £9.5bn of this is due to public-sector cuts and painfully little due to any stimulus to the economy.

Oh, uhhh, well it's still the lib's fault.
 
2012-04-27 07:44:40 PM

Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.


you just described how the oil industry runs it business....
 
2012-04-27 07:46:00 PM

TheDumbBlonde: Color me whatever color dumbass is....


You've been on Grey "farktard" 5 for some time now.
 
2012-04-27 07:47:13 PM

Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....


Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.
 
2012-04-27 07:47:28 PM

Weaver95: NewportBarGuy: So, we should probably cut Social Security so we can spend more on defense. Right?

oooo! cut food stamps and lets just institute a draft while we're at it. I think we might need a bunch of cannon fodder soon.


Actually, for most Republicans, that would solve a LOT of their problems in two simple steps.

And... in this day and age of feminine liberation, there is not need to limit the draft to just men and being gay won't keep you out.

Welfare queens and queens all in one hit!

A Republican wet dream.
 
2012-04-27 07:49:14 PM

Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.


Do you know how I know you'd qualify for assistance?

/stupid Apple
//only loved by lazy "artists" who can't get a real job
///stupid Apple
////is the only thing that makes the lazy "artists" annoying
 
2012-04-27 07:51:04 PM
OMG, LOOK AT THESE GOVERNMENT CUTBACKS PUTTING US ALL THE WAY BACK TO NEAR HISTORIC SPENDING RATES!!!

galens.typepad.com

God some of you are farking idiots.
 
2012-04-27 07:51:44 PM

TheDumbBlonde: Government spending = Growth in Gross National Product? That's a great model.


Feel free to check back with us when you've passed an intro college-level macroecon course.
 
2012-04-27 07:51:44 PM

shamanwest: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

Do you know how I know you'd qualify for assistance?

/stupid Apple
//only loved by lazy "artists" who can't get a real job
///stupid Apple
////is the only thing that makes the lazy "artists" annoying


Well that is my point, I could qualify. I haven't abused it becuase we (my family) can make it without it. But I want this laptop and I can get it by not spending my own money on food, etc.
Oh, and I am by no means an artist. Maybe a fartist. heh!
 
2012-04-27 07:51:59 PM

Propain_az: Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....

Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.


hey, if corporate america can do it then why not, right?
 
2012-04-27 07:53:13 PM

Weaver95: Propain_az: Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....

Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.

hey, if corporate america can do it then why not, right?


Well, that isn't how I was thinking about it. But sure, why not?
 
2012-04-27 07:54:41 PM

Propain_az: Weaver95: Propain_az: Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....

Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.

hey, if corporate america can do it then why not, right?

Well, that isn't how I was thinking about it. But sure, why not?


no, really - if you're a good Republican than you might as well go ahead with your bad self. not like the pro-corporate crowd can complain.
 
2012-04-27 07:54:48 PM
Holy shiat, look at this austerity in Federal Spending under Obama!

www.heritage.org

Yes you are a retard submitter.
 
2012-04-27 07:56:57 PM

Weaver95: Propain_az: Weaver95: Propain_az: Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....

Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.

hey, if corporate america can do it then why not, right?

Well, that isn't how I was thinking about it. But sure, why not?

no, really - if you're a good Republican than you might as well go ahead with your bad self. not like the pro-corporate crowd can complain.


I think I'm going to do it! With my crappy job at Sears, I should have no problem qualifing. Thanks for the free advice.
 
2012-04-27 07:57:44 PM
YOU LIBS JUST DON'T GET IT
 
2012-04-27 07:59:05 PM

Propain_az: Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....

Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.


Good luck.

You need to be destitute for the rent assistance, if you're lucky. Even having just $300 in income is too much for TANF for a family of 3 with one on the way. Believe me, I know this from experience.

You might want to quit your job, just to pad your numbers, but you might, depending on income, still qualify for $10 or $20 in Food stamps, maybe even $100-$200. Even though Food stamps usage has gone up, many families that qualify have not applied for assistance.

I'll tell you, living in fear of being evicted if I missed rent, having the heat turned off, barely making the electric, barely affording gas, those sweet government assistance programs kept me living high on the hog with the latest in hand me down 19" tube TV with the knobs for channel changers technology, and an old PS2, no cable TV, just internet so I could continue to apply for work and keep my programming skills up on my 5 year old computer. Oh, and I had a fridge that was lovingly provided by my apartment complex.

You ignorant jackass.

It got better at least. After the hard times, working multiple shiatty jobs at once, I finally landed a decent job back in 2005. My last raise pushed me just above 60K.
 
2012-04-27 07:59:18 PM
Am I the only one who got the joke? "Cutbacks in government spending." Ha. That's good stuff right there.
 
2012-04-27 07:59:32 PM

Propain_az: Weaver95: Propain_az: Weaver95: Propain_az: Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....

Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.

hey, if corporate america can do it then why not, right?

Well, that isn't how I was thinking about it. But sure, why not?

no, really - if you're a good Republican than you might as well go ahead with your bad self. not like the pro-corporate crowd can complain.

I think I'm going to do it! With my crappy job at Sears, I should have no problem qualifing. Thanks for the free advice.


don't forget to let your lobbyist staff know what's up first though, they have to clear it with congress. should only cost you a couple million in donations.
 
2012-04-27 08:01:16 PM

Weaver95: Propain_az: Weaver95: Propain_az: Weaver95: Propain_az: Weaver95: Propain_az: I have a delima. I want to purchase a new MacBook Pro (15" matte screen), but I can only afford it if I cut my other spending (food, rent, etc. and stuff for kid). I'm thinking I should apply for government assistance for food and rent. THen I can get the laptop. Is that a good idea? I think it is.

you just described how the oil industry runs it business....

Well, I don't know about that, but I do know that I want this laptop. I think I'm going to do it, that is get on a couple of assistance programs.

hey, if corporate america can do it then why not, right?

Well, that isn't how I was thinking about it. But sure, why not?

no, really - if you're a good Republican than you might as well go ahead with your bad self. not like the pro-corporate crowd can complain.

I think I'm going to do it! With my crappy job at Sears, I should have no problem qualifing. Thanks for the free advice.

don't forget to let your lobbyist staff know what's up first though, they have to clear it with congress. should only cost you a couple million in donations.


what are you talking about?
 
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