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(Bloomberg)   All the doomsayers predicting a double-dip recession if Obama gets re-elected are proven right. Okay, so they got the wrong continent, but that's just fiddly details   (bloomberg.com) divider line 36
    More: Obvious, obama, economic malaise, Commerzbank, Siemens AG, Greek economy, Dusseldorf, retail banking  
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811 clicks; posted to Politics » on 15 Nov 2012 at 9:06 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



36 Comments   (+0 »)
   
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2012-11-15 08:52:42 AM  
Notice how they tie in the double-dip recession in Europe to austerity measures.
 
2012-11-15 09:02:00 AM  
I'm cool with outsourcing recessions.
 
2012-11-15 09:09:20 AM  
Romney and his magic underwear would have prevented this.
 
2012-11-15 09:10:11 AM  

Spanky_McFarksalot: Romney and his magic underwear would have prevented this.


He would have solved it thorough American Exceptionalism and leadership.
 
2012-11-15 09:10:21 AM  

Obama has been quoted as saying:

"Sometimes ass to mouth is ok"
 
2012-11-15 09:12:40 AM  
So if Obama is so ridiculously awful for the economy, what does it mean that America's economy is still growing at a modest pace when the rest of the developed world is plunging back into recession?
 
2012-11-15 09:12:52 AM  

monoski: Spanky_McFarksalot: Romney and his magic underwear would have prevented this.

He would have solved it thorough American Exceptionalism and leadership.


And by touring France on a bicycle while the stupid poors are fighting a war he conveniently opted out of.
 
2012-11-15 09:13:00 AM  
"The result matched the median forecast in a Bloomberg News survey of 44 economists, as unexpected strength in Germany and France was outweighed by contractions elsewhere. "

"In Germany, Europe's largest economy, GDP rose 0.2 percent after a 0.3 percent gain in the previous three months. The French economy expanded 0.2 percent, rebounding from a 0.1 percent contraction in the second quarter"



I'd hate to see what expected strength looked like. .0001% growth?
 
DGS [TotalFark]
2012-11-15 09:13:11 AM  

TIKIMAN87: Derpy Derpy Dooooooooooooooo


FTFY
 
2012-11-15 09:13:33 AM  

xanadian: Notice how they tie in the double-dip recession in Europe to austerity measures.


It should.
 
2012-11-15 09:13:37 AM  

Serious Black: So if Obama is so ridiculously awful for the economy, what does it mean that America's economy is still growing at a modest pace when the rest of the developed world is plunging back into recession?


Because Kenya, socialist, and birf sertifikut.
 
DGS [TotalFark]
2012-11-15 09:15:02 AM  

Serious Black: So if Obama is so ridiculously awful for the economy, what does it mean that America's economy is still growing at a modest pace when the rest of the developed world is plunging back into recession?


Well.. well.. if it had been Romney, the results would have been better (for rich people that have no incentive to trickle a damn thing down)! I just know it would be true!
 
2012-11-15 09:16:15 AM  
Recessions often happen every 4 years. It's been 4 years since the last recession. It's a cycle.

Some of us missed the recovery. It was weak.
 
2012-11-15 09:17:42 AM  

TIKIMAN87: Obama has been quoted as saying:

"Sometimes ass to mouth is ok"


Still the laziest, least successful troll on Fark.
 
2012-11-15 09:18:57 AM  
Its just that economics has a well known liberal bias.
 
2012-11-15 09:20:10 AM  

jso2897: Serious Black: So if Obama is so ridiculously awful for the economy, what does it mean that America's economy is still growing at a modest pace when the rest of the developed world is plunging back into recession?

Because Kenya, socialist, and birf sertifikut.


Canada trucking along after $100B stimulus which would have been the same as the US spending $1T on actual stimulus (not tax cuts).

It is almost as if implementing austerity measures during a recession is the stupidest farking thing ever.
 
2012-11-15 09:32:30 AM  
Well, in the minds of Teabaggers, Obama is the great Vizier of Europe, so I'm sure it makes sense for them.
 
2012-11-15 09:35:19 AM  

Erebus1954: Recessions often happen every 4 years. It's been 4 years since the last recession. It's a cycle.

Some of us missed the recovery. It was weak.


No not four. It is usually around every eight years.

We are going to be dragged into a recession by this and when China slows to 3% growth.
 
2012-11-15 09:36:49 AM  

mrshowrules: Canada trucking along after $100B stimulus which would have been the same as the US spending $1T on actual stimulus (not tax cuts).

It is almost as if implementing austerity measures during a recession is the stupidest farking thing ever.


And what have we learned about Canada, even our Conservatives know that stimulus, not austerity, is the answer to an economic downturn.

/Also, our banking laws have provisions similar to Glass-Steagall so the kind of poising the US spread through it's financial firms was import-only, we didn't generate our own toxic debt
 
2012-11-15 10:02:48 AM  

Mercutio74: mrshowrules: Canada trucking along after $100B stimulus which would have been the same as the US spending $1T on actual stimulus (not tax cuts).

It is almost as if implementing austerity measures during a recession is the stupidest farking thing ever.

And what have we learned about Canada, even our Conservatives know that stimulus, not austerity, is the answer to an economic downturn.

/Also, our banking laws have provisions similar to Glass-Steagall so the kind of poising the US spread through it's financial firms was import-only, we didn't generate our own toxic debt


It's pretty bad when even Charles Farking Koch says we should look to Canada for inspiration. Of course, I don't think he was referring to stricter banking regulations and universal health care when he made that statement, but the point still stands.
 
2012-11-15 10:16:26 AM  
The lemmings on the left really do not have a clue...

2.bp.blogspot.com
 
2012-11-15 10:17:39 AM  

Serious Black: It's pretty bad when even Charles Farking Koch says we should look to Canada for inspiration. Of course, I don't think he was referring to stricter banking regulations and universal health care when he made that statement, but the point still stands.


Well, we do have a Conservative majority gov't (with 37% of the popular vote... man, do we need run-off voting for MPs up here) so in the next three years we might end up with unregulated banking and a depressed public health care system. The gov't has already torpedoed Employment Insurance and attempted to allow police to obtain a list of what you've been looking at online from IPs without a warrant. Luckily the blow back about the online privacy thing was worse than the Conservatives expected so they walked it back, but there's still a lot more damage they could do in their remaining term. It would be extremely difficult to get a non-confidence vote passed unless the legislation pending was so egregious that the CPC would have MPs jump ship.
 
2012-11-15 10:19:40 AM  
Yesterday a libertarian told me that if I didn't agree that the US was on the verge of total economic collapse that discussing politics with him was a waste of time.

So...win-win for everyone involved, I guess.
 
2012-11-15 10:21:15 AM  

RevCarter: Yesterday a libertarian told me that if I didn't agree that the US was on the verge of total economic collapse that discussing politics with him was a waste of time.

So...win-win for everyone involved, I guess.


What's funny about that is that if the US economy does fatally collapse, he'll be living in that libertarian state he always dreamed of.
 
2012-11-15 10:31:14 AM  
www.politifake.org
 
2012-11-15 10:32:52 AM  
Further proof that European socialism doesn't work. Enjoy your french-pressed coffee libs, this is a forecast of 0bama's Amercia.
 
2012-11-15 10:33:02 AM  
www.politifake.org
 
2012-11-15 10:39:10 AM  
All you ever do is post dumbass pictures Brick-House. Its kind of sad.
 
2012-11-15 10:48:25 AM  

Brick-House: [www.politifake.org image 640x682]


Except for the US after WWII, but whatever.
 
2012-11-15 10:52:59 AM  
Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

CPennypacker: All you ever do is post dumbass pictures Brick-House. Its kind of sad.


The pictures are for the loonies on the left that can't understand what's going on simply by reading. As for you, you're just one of those idiots that are feeling oberly pleased with yourself that Obummer won. Becareful what you wish for is all I can say at this point.
 
2012-11-15 10:57:20 AM  

Brick-House: [www.politifake.org image 640x682]


Except for social democracies, like northern Europe and Canada.
 
2012-11-15 10:59:51 AM  

Brick-House: [www.politifake.org image 640x682]


Canada restored it Triple-A credit rating and balanced its budget by raising taxes and is also have lowing unemployment than the US. So there's that. We recently cut taxes in fact. See how that works.
 
2012-11-15 11:17:52 AM  

CPennypacker: TIKIMAN87: Obama has been quoted as saying:

"Sometimes ass to mouth is ok"

Still the laziest, least successful troll on Fark.


Maybe he confused Obama with an actor playing Obama in a porno.
 
2012-11-15 11:28:22 AM  

Brick-House: Surprise! Jobless Claims Up 78,000 Week After Election; PA, OH Worst Hit

CPennypacker: All you ever do is post dumbass pictures Brick-House. Its kind of sad.

The pictures are for the loonies on the left that can't understand what's going on simply by reading. As for you, you're just one of those idiots that are feeling oberly pleased with yourself that Obummer won. Becareful what you wish for is all I can say at this point.


I wish you would go away.

I carefully wish you would go away.
 
2012-11-15 11:33:29 AM  
So, how's that austerity working out for you guys?
 
2012-11-16 06:23:19 AM  

CrackpipeCardozo: Further proof that European socialism doesn't work. Enjoy your french-pressed coffee libs, this is a forecast of 0bama's Amercia.


Where is that proof?

Have you analyzed whether the population has free education, universal healthcare and unemployment benefits in the EU? If they do, how does it not work?
 
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