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  1. #10906
    Joined
    May 2002
    Location
    A Little South of Sanity
    Posts
    10,367

    Re: Economic News/Discussion

    Still work left to do to undo the Democratic Driven Economic Train Wreck from Queen Nancy's reign as majority leader.... Back when killing the US defense industry was the order of the day.

    "President Trump signed a $700 billion defense budget earlier this month, but budget caps put in place in 2011 remain on the books, robbing the Pentagon of much-needed money to rebuild the military. That drew concern from Senate Majority Leader Mitch McConnell, R-Ky., on Capitol Hill Friday.

    "Defense has actually been hit harder under the Budget Control Act than domestic programs have," McConnell said. "So, I think there's an urgency there.""

    Moron's.

    Last edited by SteveW; 12-23-2017 at 09:26 AM.
    "Walk Heavy, Stand Tall, Carry a Big Stick"
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  2. #10907
    Joined
    Sep 2003
    Location
    Kern River Valley, CA
    Age
    69
    Posts
    16,030

    Re: Economic News/Discussion

    ^^ Obambi’s apologist legacy still looms big time. He did awful things to this country that can never be undone. Tried to destroy the military with budget cuts, impossible rules of engagement designed to kill American troops and redlines nooo enemy took seriously. The best description I can think of is facist communist globalist pussyfooting coward.
    “What Happened”...

  3. #10908
    Joined
    Mar 2002
    Location
    California
    Posts
    25,436

    Re: Economic News/Discussion

    Obama was a lightweight on every front. period.
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  4. #10909
    Joined
    Mar 2002
    Location
    California
    Posts
    25,436

    Re: Economic News/Discussion

    Obama was a lightweight on every front. period.
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  5. #10910
    Joined
    May 2002
    Location
    A Little South of Sanity
    Posts
    10,367

    Re: Economic News/Discussion

    Here's one the MSM is dancing all around, total avoidance syndrome - TAS.



    After the crash of '08, things slowly rebounded as expected - then, during the last two years of Obama basically flat-lined. The interest rates really tell the story.

    Then, during Trump's first year in office, after unshackling the economy, again as expected, things finally take off like a rocket.

    Expect to finally see the interest rates return to more normal levels, levels that can actually sustain an economy.
    "Walk Heavy, Stand Tall, Carry a Big Stick"
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  6. #10911
    Joined
    Mar 2002
    Location
    California
    Posts
    25,436

    Re: Economic News/Discussion

    Might need to contact a doctor as this might last 4+ hours..... 5.4!!

    Latest forecast: 5.4 percent — February 1, 2018

    The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our GDPNow forecasting model provides a "nowcast" of the official estimate prior to its release.Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source data, forecasts, and model parameters—are available as a separate spreadsheet.
    Latest forecast: 5.4 percent — February 1, 2018

    The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2018 is 5.4 percent on February 1, up from 4.2 percent on January 29. The forecast of real consumer spending growth increased from 3.1 percent to 4.0 percent after this morning's Manufacturing ISM Report On Business from the Institute for Supply Management, while the forecast of real private fixed-investment growth increased from 5.2 percent to 9.2 percent after the ISM report and this morning's construction spending release from the U.S. Census Bureau. The model's estimate of the dynamic factor for January—normalized to have mean 0 and standard deviation 1 and used to forecast the yet-to-be released monthly GDP source data—increased from 0.42 to 1.37 after the ISM report.


    . . .
    "The most dangerous myth is the demagoguery that business can be made to pay a larger share, thus relieving the individual. Politicians preaching this are either deliberately dishonest, or economically illiterate, and either one should scare us...
    Only people pay taxes, and people pay as consumers every tax that is assessed against a business."


    -The Gipper


  7. #10912
    Joined
    May 2002
    Location
    Twain Harte, CA
    Posts
    18,784

    Re: Economic News/Discussion

    ^^^ Don't know about that site, but if it proves true... wow!!!

    More crumbs, please.

  8. #10913
    Joined
    May 2002
    Location
    A Little South of Sanity
    Posts
    10,367

    Re: Economic News/Discussion

    Embedded within the Obama Mind Set the cure for this is more government oversight.

    "The problem is, we don’t know where their money goes. The report reveals issues ranging from “misstatements” in the agency’s books, lack of documentation about projects that are in motion, to no documentation at all for $384 million in spending."

    Thanks Obama...just what we need, more government agencies and bloat.
    "Walk Heavy, Stand Tall, Carry a Big Stick"
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  9. #10914
    Joined
    Sep 2003
    Location
    Kern River Valley, CA
    Age
    69
    Posts
    16,030

    Re: Economic News/Discussion

    ^^ Another example of out of control government. A giant octopus with a million arms going in every direction. Do ya think big government might be to big and out of control?
    “What Happened”...

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