Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

     After 4 years of  the worst recovery from a recession by any President, the benefits have finally arrived.

    A massive increase of...wait for it..... 0.1 percent in the fourth quarter of 2012 !

    Party Time for airborne!

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    As you know, facts like these make little impression on republicans.  Facts and reality just make them furious and indignant.

    Republicans are desperate to destroy the economy so they can cast blame on Obama.  Its their only chance in the next election.  Its not going to work.

    In 2016 the voter will be confronted with this kind of evidence before entering the voting booth -

    Obama: 12 million private sector jobs created over 8 years.

    Clinton: 20 million private sector jobs created over 8 years.

    Bush: 0 (ZERO, ZIP, NADA) private sector jobs created over 8 years.

    Reagan: Ancient history

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    LOL at Mark Zandi, the government parrot, er,  "expert" economist.

    Zandi has been parroting that the recovery is "just around the corner" for 5 years now...

    His record on economic forecasts is worse than "Summer of Recovery" Joe Biden's.

    Zandi on CNN International – Sept. 20, 2008

    “I mean make no mistake what the government has done will sew the seeds for I think a very, very sharp recovery.”

    CNN Money – Sept 18, 2008

    “Several panelists, including Economy.com’s chief economist Mark Zandi, Goldman Sachs (GS, Fortune 500) economist Charlie Himmelberg, S&P managing director David Blitzer and S&P senior economist Beth Ann Bovino all agreed that home prices would stabilize sometime during the summer of 2009. “The bottom of the housing market is coming into view,”

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    Mark Zandi, Moody's chief economist, said Boehner was "just wrong" to call the $787 billion stimulus spending "a failure."

    If there was no stimulus at all, Zandi said, unemployment would be at around 11.5% rather than 9.5%.


    Business Week – Nov. 12, 2008

    “In testimony before the U.S. House of Representatives in June, Zandi offered estimates of how much each dollar of government spending in different forms would produce in real GDP each year. He said extending unemployment benefits would yield $1.64 of GDP, a temporary increase in food stamps $1.73, aid to state governments $1.36, and increased infrastructure spending $1.59. “The bang for the buck is very high,” Zandi said of extended jobless benefits
    ...

    You can take what Zandi predicts to the bank....ruptcy..

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    In response to ComingLiberalCrackup's comment:

     

     After 4 years of  the worst recovery from a recession by any President, the benefits have finally arrived.

    A massive increase of...wait for it..... 0.1 percent in the fourth quarter of 2012 !

    Party Time for airborne!

     



    That's .1 % based on a trillion dollars of borrowing.  

     

    Makes you wonder what the "real" GDP is.

     

    I'll wait for the real employment numbers, but, did airbore notcie that the u-3 upemployment number went up a tenth, despite these " impressive" numbers?

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    In response to UserName99's comment:

    As you know, facts like these make little impression on republicans.  Facts and reality just make them furious and indignant.

    Republicans are desperate to destroy the economy so they can cast blame on Obama.  Its their only chance in the next election.  Its not going to work.

    In 2016 the voter will be confronted with this kind of evidence before entering the voting booth -

    Obama: 12 million private sector jobs created over 8 years.

    Clinton: 20 million private sector jobs created over 8 years.

    Bush: 0 (ZERO, ZIP, NADA) private sector jobs created over 8 years.

    Reagan: Ancient history



    Wow. Advice for your  job as a propagandist: throw in some real numbers at least once in a while.

    Obama created 12 million jobs? Where did that come from?

    First of all, you are obviously using gross number of jobs started.....you are not taking into account the 4 million plus jobs LOST in Obama's reign. So far...

    Net jobs is a more logical measure. Obama has done nada, zip, zero . Unemployment rate and net jobs are at best the same as when he took office.

    "12 million" must also include some huge  fantasy numbers of jobs created from now to 2016.

    So you take the 12 million gross jobs 'added' by Obama, and then claim Bush created zero jobs?

    No private sector job was started during the 8 years of George Bush?

    Unless you switched Bush's number  to "net jobs"...tricky, arent you?

     

     

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    The average monthly job creation in 2012 was 150,000. That is the best one year performance during Obama's first term. That is barely good enough to keep pace with the number of workers entering the job market every month for the first time, meaning that we have a long way to go to replace the 7-8 million jobs lost during the recession.

    Using this metric, it is hard to make the argument that the recovery is "percolating along" or "gaining steam," or any ther Pollyannaish terms you want to throw out there. In a word, the job situation still sucks and won't improve until the dead weight of intolerable regulations and debt are lifted from the economy



    Read more: http://www.americanthinker.com/blog/2013/01/net_job_gain_under_obama_28000.html#ixzz2Msod5G6X
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    In response to airborne-rgr's comment:

    In response to ComingLiberalCrackup's comment:

     

    Mark Zandi, Moody's chief economist, said Boehner was "just wrong" to call the $787 billion stimulus spending "a failure."

    If there was no stimulus at all, Zandi said, unemployment would be at around 11.5% rather than 9.5%.


    Business Week – Nov. 12, 2008

    “In testimony before the U.S. House of Representatives in June, Zandi offered estimates of how much each dollar of government spending in different forms would produce in real GDP each year. He said extending unemployment benefits would yield $1.64 of GDP, a temporary increase in food stamps $1.73, aid to state governments $1.36, and increased infrastructure spending $1.59. “The bang for the buck is very high,” Zandi said of extended jobless benefits
    ...

    You can take what Zandi predicts to the bank....ruptcy..

     




     

    And all those predictions were proven correct.

    GDP at the beginning of Obama term CONTRACTING -9%


    GDP after stimulus  +4%


    A thirteen point turnaround. Ya, that's some 'failure'.

    BWAAAAAAAAAAA HAAAAAAAAAAAAAA HAAAAAAAAAAAAAAAAAAAAA

     

    Ya can't argue with reality spanky.



    Let me know when you gots some reality.

    BTW:  The average growth rate since the recession is 1.7%, not 4%.

    1.7%, that's with a trillion dollar per year borrowing/spending effort by government.

    Yep.  that's a failure.

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    In response to airborne-rgr's comment:

    In response to Newtster's comment:

     

    Yeah, everything is coming up roses!

    My income is up! My real estate taxes are way down! Electricity - practically give that away! Gasoline? Back to Bush era and $1.50/gal! Unemployment? By gum it is back to 5% and the government is actually counting everyone that wants a job too!

    Inflation? What inflation? That is only 0.2% and the government actually includes stuff I have to buy like food, health care and energy!

    And Obama just paid off my kids student loans too! $150K wooohoooo! With the fantastic jobs they are going to get they'll be able to buy a house in no time!

    Yeah, things are looking might swell around here! Thank God for that 01% GDP!!

     

    eh, heh, heh.... you forgot to blame PotUS for your pattern baldness, incontinence and impotence too.

     




    heh, heh, heh...found the 12 million jobs you claimed Obama created,  yet? Look under the sofa.

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    In response to Newtster's comment:

    Yeah, everything is coming up roses!

    My income is up! My real estate taxes are way down! Electricity - practically give that away! Gasoline? Back to Bush era and $1.50/gal! Unemployment? By gum it is back to 5% and the government is actually counting everyone that wants a job too!

    Inflation? What inflation? That is only 0.2% and the government actually includes stuff I have to buy like food, health care and energy!

    And Obama just paid off my kids student loans too! $150K wooohoooo! With the fantastic jobs they are going to get they'll be able to buy a house in no time!

    Yeah, things are looking might swell around here! Thank God for that 01% GDP!!




    Yeah, why can't we go back to the days when you could get $200K for farting next to a for sale sign?  That economy was real, right?  I'm going to rail against the entitlement mentality now, as I'm immune to irony!

     

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    In response to airborne-rgr's comment:

    Jobs created during U.S. presidential terms


    The election in November will cause a president to take office at the end of January and begin the process of passing a federal budget which takes effect in the October following the election year.

    The data in columns shown for September correlate better with the federal fiscal year starting each October, showing the impact of a given president and resulting federal budget on the job count.

    (In thousands)

    bay-Bush first term: +2,716   +0.51%

    baby-Bush second term: -4,506  -0.84%

    Obama first term: +3,766  +0.97%

    http://en.wikipedia.org/wiki/Jobs_created_during_U.S._presidential_terms

     



    Why is Bush relevant to this discussion?

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    In response to TFefio's comment:

     

    We should have been at this point four years ago. Tell the great news to everyone who's lost a job since then. 

    Pathetic! 

     



    bingo.  The left misses this.

     

    no reason for the pain our country has endured for the part four years, and I'll even throw in the last year of Bush as well.

    that the economy eventually regains footing means that Obama simply wasn't able to damage it  as much as he wanted to.

     
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    Re: Sorry Pollyannas the revised 4th qtr 2012 GDP numbers are in and you're not going to like them.

    That's rich.  You say we should have been at this point four years ago so what then did the GOP do to help attain that goal?  The GOP plan, austerity, hasn't worked in any country that implemented those plans and nearly all of them fell into double dip recessions.  The reality is they have done nothing except obstruct out of fear of the rank and file rabble they thought they could co opt for political victory.  Now they are afraid to do anything that might get them primaried, to the extent that Karl Freaking Rove has started a PAC to boost establishment republicans.  You say we should have been here four years ago then post some facts describing the missed opportunities.   

     

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