Drudge Retort: Red Meat for Yellow Dogs
Friday, January 29, 2010

The economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years, as businesses made less-aggressive cuts to inventories and stepped up spending. "It's very solid and gives us a running start into the second half of the year when we can't rely on government stimulus," said Jack Ablin, chief investment officer at Harris Private Bank in Chicago.

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Good economic news before the fall election?

southdakotapolitics.blogs.com

- The Right

Cork. Vernin says americans are getting anally raped by obama.

I guess rape means economic success in his world.

Hot Dog. Let's pass Cap and Trade and slow it the fuck down.

I'm just not feeling the love.

There is still not much to do about unemployment as it will take a while to get those numbers to look better.

but I expect the left to give us their objection to improvements in unemployment numbers like they have been doing the past few years.

you know....."its not the real number" and "yeah, more people at work, but what kind of jobs".

I'm sure kooks like corky will scrutinize it just like his pants pissing over the past 8 years.

I'm sure....

That's pretty interesting since the workforce shrank. I wonder what Danforth will say about this.

economic success

#2 | Posted by klifferd at 2010-01-29 09:25 AM

While the numbers are encouraging, you can hardly call what we have "economic success" until we start seeing sustained increase in employment. I don't give a shit if someone's stock portfolio is up unless it means people are finding work.

I also wouldn't mind getting my pay cut back. =)

5 | Posted by eberly at 2010-01-29 09:42 AM | Reply | Flag: Whiners Choice Award

Hot Dog. Let's pass Cap and Trade and slow it the fuck down.

Actually my clients are all for cap and trade. It's a direct carbon tax they are scared of. Sophisticated taxpayers will learn quickly how to game the cap and trade system.

Not even February yet, and the good economic news is already rolling in.

Heck, by Nov, unemployment will be trending down, money to loan will be more fluid..... the GOP will be the GOTP..... the Grand Old Tea Party......

Actually my clients are all for cap and trade. It's a direct carbon tax they are scared of. Sophisticated taxpayers will learn quickly how to game the cap and trade system.

#9 | Posted by taxman

Meanwhile, manufacturing (what's left of it) will leave the country and unemployment wil climb, and on and on it goes.

oh boy another jobless recovery courtesy of the "free" traders (traitors).

Is even one right winger willing to say it's good news that GDP is growing??? Probably they have to wait for permission from their punditocracy.

"Business investment grew at 2.9 percent rate, the first increase since the second quarter of 2008, as the drag from the troubled commercial real estate was offset by robust spending on equipment and software."

"Export growth outpaced imports, narrowing the trade gap and adding half a percentage point to GDP growth in the last quarter."

"oh boy another jobless recovery courtesy of the "free" traders (traitors)."

Truer words never spoken.

I also wouldn't mind getting my pay cut back. =)


That will be called your raise at your next review.

"While the numbers are encouraging, you can hardly call what we have "economic success" "

you are correct of course but knocking down progress and saying that obama is ruining the country and the economy is also just as much an overt exageration as saying he's purely successful

#8 | Posted by Corky at 2010-01-29 09:49 AM | Reply | Flag: Leftwing kook who has nothing to offer.

#18 | Posted by eberly at 2010-01-29 10:12 AM | Reply | Flag: No Nope Never...Fast Growth Obama's Fault

Is even one right winger willing to say it's good news that GDP is growing???

It is good news but it isn't blowing anybody's skirt up (except Corky) because this has been the talk of most economists for a while now.

And they remind people that jobs won't start getting added for real for another year.

The right can't say it's good news because....for them it isn't. Remember they are invested in America failing under this President, the last thing they want is for the recession to ease. For them the goal is not prosperity for America but power for Republicans.

This is an improving economy, slowly working it's way out from under GOP wars and tax cuts for the wealthy..... it isn't recovered yet, but it's trending that way.

One would think even Republicans could be relieved about that.

But what's obvious is that John Boehner and Mitch McConnell, the real political leaders of that Party, are like Pinky and the Brain... watching their plan for world domination disintegrate before their very eyes.

#19

Geez, you guys don't have to actually put the makeup on and big shoes and do a skit for us.

We already know you are clowns.

It's good news but here are some of the details.

The U.S. economy surged at the end of 2009, a bigger-than-expected gain driven more by slower inventory liquidation than by consumer spending.

GDP has gone up two straight quarters, rising 2.2% in the third quarter after a year of contraction. In all of 2009, GDP fell 2.4%, the biggest drop for an entire year since 10.9% in 1946. GDP rose 0.4% in 2008 and 2.1% in 2007.

Companies earlier in the year had slashed excess supplies by $139.2 billion in the third quarter and $160.2 billion in the second. The recession snuffed demand and had left storerooms and shelves bulging with unsold merchandise.

The slower fourth-quarter inventory drawdown added 3.39 percentage points to GDP.

Consumer spending, on the other hand, contributed 1.44 percentage points. Spending is the largest component of GDP, the so-called big engine of the economy. The report Friday said it rose by 2.0% in the fourth quarter. Third-quarter spending had climbed higher, rising 2.8% with the support of the government "cash-for-clunkers" subsidy program.
Inflation rose 1.4% in the fourth quarter, after rising 1.2% in the third quarter. Fed officials define their statutory goal of price stability as inflation of 1.5% to 2%.

Other price inflation gauges also rose modestly. The price index for personal consumption expenditures climbed by 2.7% after increasing 2.6% in the third quarter.

The price index for gross domestic purchases, which measures prices paid by U.S. residents, rose by 2.1%, after increasing 1.3% in the third quarter. The chain-weighted GDP price index increased 0.6%, after rising 0.4% in the third quarter.

Another component of GDP, housing, rose a second straight quarter. Residential fixed investment increased by 5.7% October through December. It surged 18.9% in the third quarter; builders were breaking ground as a government tax credit spurred buying of new houses.

Federal government spending in the fourth quarter increased 0.1%, after rising 8.0% in the third quarter. State and local government outlays fell 0.3%, the fourth drop in five quarters.

International trade gave a mild push to GDP. U.S. exports surged 18.1%, while imports increased 10.5%.

Business spending also boosted GDP. It rose by 2.9% in the fourth quarter, after falling 5.9% in the third quarter.

- has nothing to offer.

Something.... or winguts like you wouldn't care what we wrote.

"Geez, you guys don't have to actually put the makeup on and big shoes and do a skit for us."

Don't worry. Nobody's going to steal your act away from you.

The right can't say it's good news because....for them it isn't. Remember they are invested in America failing under this President, the last thing they want is for the recession to ease. For them the goal is not prosperity for America but power for Republicans.

#21 | Posted by danni

If you think 5.7% GDP growth is going to offset the damage that Obama has done to this Country in 12 months, you're an idiot.

This is an improving economy, slowly working it's way out from under GOP wars and tax cuts for the wealthy..... it isn't recovered yet, but it's trending that way.

The Federal Govt still has the same tax brackets in place and still fighting "GOP wars" (that dems approved of.... LOL)

and you see a "trend" indicating that some sort of action on the part of the Fed govt that created this trend.

I don't blame Obama for anything that he was handed ( a complete trainwreck) so I don't have to suck his balls in admiration and credit for a change he hasn't implemented yet.

For God's sake Corky, you mention tax brackets and wars.....WHICH, AS OF RIGHT NOW, IS STILL THE SAME.

5.7%? Holy crap. All that money the treasury has been printing is finally circulating.

The corksarvis libtard duo is offended at my accusation.

tough shit. wear the badge with honor (on your clown suit).

any good economic news in 2000-2008 like this was criticized for what it was.

but now, the sun is now rising in the East again, according to the libtard duo.

Companies earlier in the year had slashed excess supplies by $139.2 billion in the third quarter and $160.2 billion in the second. The recession snuffed demand and had left storerooms and shelves bulging with unsold merchandise.

Read an article yesterday how Caterpillar is doing massive buying of materials to restock depleted inventory levels.

Guess they see the recesiion is over too.

...so I don't have to suck his balls.... I do it because it's fun! - Eberly Brother

"If you think 5.7% GDP growth is going to offset the damage that Obama has done to this Country in 12 months, you're an idiot."

The economy has slowly been in recovery as demonstrated by the stock market, GDP and even unemployment has begun to slow significantly yet you claim Obam has damaged the economy when we all remember quite clearly who actually did damage the economy and how they did it.....that makes you look foolish enough but then you call me an idiot for recogninzing the reality you can't....too funny Wisgod, you try to be funny but right now I'm laughing at, not with, you.
What an imbecile.

Of course, without the stimulus Obama passed with no GOP votes, the likelihood of this upward trend is negligible.

....too funny Wisgod, you try to be funny but right now I'm laughing at, not with, you.
What an imbecile.

#33 | Posted by danni

I hope your children and grandchildren are laughing too. There will come a day when they'll forget how to laugh.

Oh no! Raystradamism is contagious!

This is a strange number, and they're picking it apart on Bloomberg. Inventories were reduced by $38 billion, which is down from a reduction of over $100 billion in the 3rd quarter. But if you strip out the "improvement" in inventories, the economy grew at 2.2%, not 5.7%, which shouldn't be possible in a 14 trillion dollar economy, for an $80 billion improvement in inventory reduction. And it happened during reduced lending and falling employment.

A couple of the economists are scratching their heads as to how it's even possible, numerically. But I digress. Gobama. Everything's great! At least until the revision. But if the economy can grow 5.7%, what do we need more stimulus for? Why more spending? Why are fed rates still at 0%?

Read an article yesterday how Caterpillar is doing massive buying of materials to restock depleted inventory levels.

Guess they see the recesiion is over too.

Caterpillar is a good company. I wanted to buy the stock in the $20's but didn't have the balls to pull the trigger. Lesson learned.

Read an article yesterday how Caterpillar is doing massive buying of materials to restock depleted inventory levels.

Guess they see the recesiion is over too.

#31 | Posted by 726
* * * * *

That's a non-sequitur. If that's true, why did they just announce 20,000 layoffs? Do you read anything, really?

Just because the 7-11 restocks its shelves doesn't mean the owner is expanding his business.

Tribune wire report

12:35 p.m. CST, January 26, 2009

Caterpillar Inc.'s layoffs are due to fourth-quarter profit dropped 32 percent as the global economic slowdown sapped demand for heavy equipment, forcing the company to lower its 2009 profit expectations and make further job cuts that will ultimately wipe out 20,000 positions.

Earnings for Caterpillar Inc., the world's largest manufacturer of mining and construction machinery, fell far short of expectations as customers pulled back on purchases of equipment that mines quarries and helps build homes, highways and offices. Demand took a hit from slumping commodity prices, tight lending markets and historically low housing starts.

www.chicagotribune.com

"offended at my accusation."

Offended? LOL.
You haven't made a point effectively up to now.
But you do have some minor comedic worth.
Keep it up.
Maybe you'll get even more amusing.
(Pass the popcorn....)

Cause to celebrate?:

Still, economists expect growth to slow this year as companies finish restocking inventories and as government stimulus efforts fade. Many estimate the nation's gross domestic product will grow about 2.5 percent to 3 percent in the current quarter and about 2.5 percent or below this year.

That won't be fast enough to reduce the unemployment rate, now 10 percent. Most analysts expect it to keep rising for several months and remain close to 10 percent through the end of the year.

High unemployment is likely to keep consumers cautious about spending. Without strong consumer spending, economists worry the recovery could falter.

Oh yeah, this is supposed to be a "jobless recovery."

#42

Is that your opinion or are you quoting without a source?

We wouldn't want people to think that is in the thread article, now would we?

Hey Dorkster, are you unable, or simply afraid, of actually reading the report? Pull the blinders off and see the rest of the world. I realize you're rarely able to read past the one sentence in any story that has facts that go toward you argument, your "poll" thread of the other day is an excellent example, but if you read on, or have someone read it for you, you'll see that your liberal world isn't as rosy as you wish to believe.

What companies are you buying, Corky? Are you bullish?

You haven't made a point effectively up to now.

You didn't challege my point about jobs follow recoveries and how economists agree on that.

instead, you are joined at the hip with the other partner in your libtard duo.

further, you can't deny that you cried like a bitch for 8 years over good economic news that didn't exactly mean great job news.

but now you are elated.

partisan hackery at best.

If you believe that one!!!!!! The only thing that has grown is government.

#44 | Posted by SpokaneJim

You don't need to be shrill, sweetie. Just answer the question yes or no.

Or maybe use quote marks where you are quoting or list the source if it's not from the thread article.

#45 I CEO one, and that's enough. I'm bullish on Dem losses being maybe slightly above average for an off-year, but not enough to lose the House or Senate.

I'll take this as good news, and some affirmation of what I've seen in my own business, but I remain skeptical.

It's hard for a cat to climb out of a shitter when the pressure of the flush is still down.

I CEO one, and that's enough

FF

Just because you can't, Beverly, doesn't mean others don't.

It's funny when lefties whine about the "right" not lavishing praise on Obama for this and then post things like...


oh boy another jobless recovery courtesy of the "free" traders (traitors).
#12 | Posted by 2008 at 2010-01-29 10:07 AM

Truer words never spoken.
#15 | Posted by danni at 2010-01-29 10:08 AM

5.7%? Holy crap. All that money the treasury has been printing is finally circulating.
#29 | Posted by 726 at 2010-01-29 10:20 AM

What gives?

The GDP numbers are good news but enthusiasm should be tempered---this is NOT a normal recovery--it's a typical snapback from a huge inventory depletion--you have an inventory rebuilding. Also capex was strong since businesses want to increase productivity-this'll ultimately not help employment--we'll continue to see relatively decent GDP for a few quarters and then it's done--employment won't increase that much---therefore, Corky and Danni, don't count your chickens before they hatch---the repubs will do fine in Nov. since mainstreet won't feel this affect--consumers which make up 70% of this economy will temper this recovery.

By the way, the stimulus which has put us in greater debt and trouble showed the government component in this report as being negative

What gives?

Danni has always been critical of our trade agreements, mostly rightly so, and 726 is just stating a fact.... it takes time to get stimulus money into circulation.

And both of them likely understand that deficits can be helpful in recession. More Keynesian economics 101.

also wouldn't mind getting my pay cut back. =)

That will be called your raise at your next review.

#16 | Posted by 2008 at 2010-01-29 10:08 AM

The raises are indefinitely frozen even though my review is coming up. =/ What good is "exceeds standard" when you don't get rewarded for it? lol!

"GDP Grows 5.7% in 4th Quarter But 09 Still Saw Biggest Decline Since WWII"

"For the whole of 2009, the economy contracted 2.4 percent, the biggest decline since 1946, the first year after the end of World War II."

gatewaypundit.firstthings.com

"Obama's 17% unemployment"
"Job losses under President Obama's watch have increased steadily without remission.
The unemployment rate is stuck at 10 percent. If calculations include Americans who aren't in the labor force because they stopped looking for work or were forced to take part-time jobs, the unemployment rate has been above 17 percent since September."
www.washingtontimes.com

Yes, yes. Good news.

Also, the fact that the stock market has responded as it has to this data along with the positive ISM data out of the midwest along with some increase in the consumer sentiment tells me the market is not as impressed as some others on this board.

-the market is not as impressed

+28.79

Really? And here I thought up was always better than down.

it takes time to get stimulus money into circulation.

And both of them likely understand that deficits can be helpful in recession. More Keynesian economics 101.

#55 | Posted by Corky

Which stimulus money are you talking about----Obummer's or the Fed?---Corky, ya gotta be more specific.

"All that money the treasury has been printing is finally circulating"

was the quote under discussion. Take it any way you like, the result is the same.

-the market is not as impressed

+28.79

Really? And here I thought up was always better than down.

#59 | Posted by Corky

Corky, you have so much to learn---if this market was impressed with all this "good news" it should have been up 250 points easily---by the way I'll predict it'll be lower by the end of next week---the market is obviously not impressed because it understands what I understand.

No, Matsy, you are just a black or white ideologue who sees no grey yourself, so you don't see it in others.

No libs here are jumping up and down about this economic news, we have merely said it is trending in the right direction.

While teasing Tighties like you about the political repercussions.

All that money the treasury has been printing is finally circulating"

was the quote under discussion. Take it any way you like, the result is the same.

#61 | Posted by Corky

That money has been circulating for about 9 months and will continue to circulate for a number of more months before it runs out---it'll have no long lasting affect on this economy and will come home to haunt us in the future because of the deeper debt hole it'll put us in---by the way, as I post, the Dow is now down close to even---so much about being impressed.

A few more stimulus funded tennis courts should put us over the top.

While teasing Tighties like you about the political repercussions.

#63 | Posted by Corky

Well, that makes me feel better since I'm a realist and like folks just to understand reality.

And both of them likely understand that deficits can be helpful in recession. More Keynesian economics 101.

#55 | Posted by Corky

When you hit bottom, get out the credit card and enjoy yourself.

Taking money out of productive society and re-distributing it to the needy does not solve anything except dragging everyone down.

Snipper, PhD Economics, University of Lady Gaga

"Taking money out of productive society and re-distributing it to the needy does not solve anything except dragging everyone down."

Link, please.

"it'll have no long lasting affect on this economy and will come home to haunt us in the future because of the deeper debt hole it'll put us in---"

That is not necessarily so, if unemployment falls tax revenues will increase so the stimulus could end up, in effect, paying for itself. Already GM predicts they will be paying back the government this summer, Ford is reporting profits and is hiring, exports are up, these types of indications, if it continues, mean that the stimulus is working and though it adds to the debt it will also increase tax revenues with which we can stop borrowing. One thing never mentioned in discussion of the deficit is how much it increased because of the recession and the fall in tax revenues.

For a CEO, you sure seem to have a lot of time on your hands.

"Taking money out of productive society and re-distributing it to the needy does not solve anything except dragging everyone down."

Unless you consider feeding children to be solving a problem.

Just because you can't, Beverly, doesn't mean others don't.

I could file the corporation papers for a shoeshine stand and locate right next to yours if that would make you feel better.

CEO
President
Chairman of the Board

business cards and all.....

Unless you consider educting your population solving a problem.

Capitalism is a vice in that some are blessed more then others; socialism is a virtue in that all live in misery.

#73

I was just answering RisR's question, Bev.

Don't get your panries all in a twist trying to insult me about it.

panties, lol

For a CEO, you sure seem to have a lot of time on your hands.

they kicked his shoeshine stand out of the airport because he spent too much time in the men's room and the bus stop downtown doesn't bring him the same traffic.

Danni,

Haven't you heard? The teabaggers want to abolish public education and all the 'liberal' colleges and universities.

The only acceptable 'education' to these losers is home schooling and 'Oral' Roberts University.

Everything else is a waste of taxpayer money.

Posted by Doc_Sarvis at 2010-01-29 12:15 PM | Reply

Strives daily for mediocrity and dreams of uniformity of fortune.

-you sure seem to have a lot of time on your hands.

I can keep up with you guys between calls..... and do it on my own nickle.

What I wonder about is all the people here are that are doing it on someone else's nickle.....

on someone else's nickle..... Bev.....

For a CEO, you sure seem to have a lot of time on your hands.

#71 | Posted by rightisright

Business owner---my partner who is also the CEO runs the day-to-day operations--I'm currently sitting on my rearend in Danni's neck of the woods watching the now more pragmatic Obama reaching out to the repubs for some help. I must congratulate you RIR on your observance

The problem with this number is it is overloaded with unproductive magic numbers from Finance, Insurance and Real Estate. These are overheads, whose impact on the nations balance sheets are bogus.

on someone else's nickle..... Bev.....

my client's nickle. fair enough.

""Taking money out of productive society and re-distributing it to the needy does not solve anything except dragging everyone down." -- Link, please"

You don't need a link, you need an economics course. Try researching "opportunity loss."

For a CEO, you sure seem to have a lot of time on your hands.

they kicked his shoeshine stand out of the airport because he spent too much time in the men's room and the bus stop downtown doesn't bring him the same traffic.

#78 | Posted by eberly

Yep, the shoeshine business actually was what got me my start--a real Horatio Alger story?---well gotta go eat and then hit the little white ball this afternoon.

#80 | Posted by SHEEPLESHEPERD Flag: Must Be 5 O'Clock Somewhere

Damn, I almost forgot -- it must be Bush's fault.

"Economy Grows 5.7 Percent, Fastest in 6 Years"

- Obama's fault! :-p

I just a damn shame that I don't fucking believe this number.

I admit that I have no trust. Nada. Zip. Nothing.

The Government could claim the sun will rise tomorrow, and my first reaction would be to doubt that too.

and then hit the little white ball this afternoon.

#87 | Posted by matsop

Ping-pong at the Y?

ALL RIGHT!

another 50 or so months of this and it will be as much as the bush economy after the period after 9/11 and the recession HE INHERITED

and when did all this start going south

EASY ANSWER....2006..

lets see...what date was it that goddamn democrats took over the congress????

and then hit the little white ball this afternoon.

#87 | Posted by matsop at 2010-01-29 12:33 PM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

hit em straight
fairways and greens

"and the recession HE INHERITED"

Wrong. There was no recession inherited by Dubya.

"what date was it that goddamn democrats took over the congress?"

The date the Rs began filibustering at an all-time record pace.

oh please....

thats stretching the denial even on this site
or rather rewriting history again..

but this seemed interesting...havent heard anyone talk of something like this about the economy..and even though the author probably wants people to sign up.,
I wonder if he has a point?

w3.newsmax.com

The date the Rs began filibustering at an all-time record pace.

#95 | Posted by Danforth

Can you honestly blame them?

Capntax, healthcare fiasco, stimulus, etc.

Why would any politician seeking re-election support any of that?

what a great answer/question JEFf.

you truely are the man.....

and this is what I have asked some liberal buddies..yes I do have some....
so gop is supposed to just forget all about thier principals of small govt just so barry can keep taking over the country..
I dont think so......

"About 60 percent of the fourth quarter's growth resulted from a sharp slowdown in the reduction of inventories as firms began to rebuild stockpiles depleted by the recession."

"Government spending was actually a slight drag on growth in the fourth quarter: A small increase in federal spending was outweighed by a drop in state and local spending."

"we fully expect these numbers will be quietly revised down, just as they always have been with the Obama administration."

sweetness-light.com

and the layoffs keep rising and the stock market keeps falling everyday.

Sweet, guess what guys, my physical wallet actually increased infinitely as it went from $0 physical dollars to $11 physical dollars, although the massive gain in wallet/dollar percentages only came after a %100 percent loss from $674.53 to $0 yesterday.

But infinite growth! woo- hoo. I am out of the woods.

Most numbers the government submits are misleading and usually incorrect. Just look at the jump in the stimulus cost overall. Went up to 800 some billion.

Numbers mean practically nothing when it comes to the government today.

Can you imagine how lousy the economy would be if the Repubs had NOT stopped Cap-and-Trade?

Godalmighty.

Sometimes I try to imagine what the economy would be like if the Republicans were still in charge. That's when I'm glad I forget where I put the ammo.

Of course, without the stimulus Obama passed with no GOP votes, the likelihood of this upward trend is negligible.

#34 | Posted by Corky

Kind of like the National Healthcare Bill. Without GOP votes, it passed.

Exports outpaced imports. Well, if you don't have a job in the US, you are not buying. So, why should exports be doing well in a nation of unemployed.

How is the foreclosure market doing?

The GDP grew!

So did the Deficit CAP!

Danni,

Haven't you heard? The teabaggers want to abolish public education and all the 'liberal' colleges and universities.

Completion of public education should be mandatory to receive any gov't services. I love to see the percentage of people that are uninsured and have no high school education. As far as liberal colleges go I don't know what you are talking about. The university I went was anti-Hillary and outspoken about criticizing baby killers. My fav professor was a former Boston cop. He wrote an editorial suggesting that the liberal professors take a sabbatical and see the world. Get out of the classroom. Go live on Gun Hill Road for a year

"was a former Boston cop"

STUPID RACIST! (sarc)

Corky and Danni remind me of Bernie Madoff's clients. The suckers never got suspicious when Madoff was making steady increases against the market decline.

There is no chance the economy is expanding when the job market is contracting. Real unemployment is still over 17% by official statistics. All the Federales have to do it create a trillion dollars out of thin air and, viola, the GNP increases by a trillion dollars.

"was a former Boston cop"

STUPID RACIST! (sarc)

#108 | Posted by SHEEPLESHEPERD

Actually he was black but hey morons like you don't care about facts.

You deny acknowledge widely known or easily verifiable facts every day here, TIMBCI.

What gives? Your entitled to your own opinions, but not your own facts. :-)

"All the Federales have to do it create a trillion dollars out of thin air and, viola, the GNP increases by a trillion dollars."

Is that what you are claiming they did?

Tribune wire report

12:35 p.m. CST, January 26, 2009

Caterpillar Inc.'s layoffs are due to fourth-quarter profit dropped 32 percent as the global economic slowdown sapped demand for heavy equipment, forcing the company to lower its 2009 profit expectations and make further job cuts that will ultimately wipe out 20,000 positions.

#40 | Posted by rightisright

Why is this relevant over a year later? Why say it was "just announced"?

"About 60 percent of the fourth quarter's growth resulted from a sharp slowdown in the reduction of inventories as firms began to rebuild stockpiles depleted by the recession."

Yes--when you strip out the inventory stuff--the GDP grew 2.2%

That will likely be lowered.

At least it was over zero....

--------

All the Federales have to do it create a trillion dollars out of thin air and, viola, the GNP increases by a trillion dollars.

#109 | Posted by Ray at 201

Yup--and they just confirmed Bernake for another term.

There must be a cartoon of this guy punching the print button for money..


It took Bush 8 years to run things into the shitter.

It's going to take Obama more than 12 months to turn things around.

Of course, this is the same group that began 'tea-Bagging' one another three weeks after he took office, demanding things get better, as well as some return of all the 'Constitutional freedoms' that Obama has apparently removed in his first 21 days.

I still can't get a tea-bagger to answer me with exactly what those 'Freedoms' are. These racist, sore-losers are amusing though.

These racist, sore-losers are amusing though.

I wish I could say race baiting is amusing. I can't though because it fucking sucks.

Did it ever occur to you that it is possible to dislike him without considering his skin color? Did it ever occur to you that most of the people who dislike him dislike his white half, too?

Isn't it about time you grow up and drop the racist remarks? We with common sense don't use them.

#115 | Posted by COMMONSENSE

Watch this video, COMMONSENSE

Tea Partiers (I'm being nice here LOL) aren't the sharpest tools in the drawer. To wit:

(6:24 on is especially funny and revealing)

www.youtube.com

I still can't get a tea-bagger to answer me with exactly what those 'Freedoms' are.

I would consider being criminally charged for not buying health insurance a robbing of a freedom of mine.

Isn't it about time you grow up and drop the racist remarks?

FOX harping on the scary "Black Panthers" on election day, the "Niggar" sign, the pimp pictures, the "go back to Kenya" verbiage, the neo-nazis openly recruiting at Tea Party events. The deplorable use of the "Southern Strateg" in order to use racist sentiment to get votes

Isn't it about time you grew up and acknowledged the obvious truth about racism and the right?

We with common sense don't use them.

If you had any common sense at all you'd know that pointing out racism is not the same thing as being a racist.

But ya don't so...

Be Well.

FOX harping on the scary "Black Panthers" on election day, the "Niggar" sign, the pimp pictures, the "go back to Kenya" verbiage, the neo-nazis openly recruiting at Tea Party events. The deplorable use of the "Southern Strateg" in order to use racist sentiment to get votes

Then you criticize THOSE people, not the entire gamut that dislike him. duh

If you had any common sense at all...

says the guy who just had the obvious explained to him . . . again

"All the Federales have to do it create a trillion dollars out of thin air and, viola, the GNP increases by a trillion dollars."
Is that what you are claiming they did?
#112 | POSTED BY DANNI

YES!

The Federal Reserve reported a $45 billion profit for 2009, making it the most profitable financial institution in the nation. Many news outlets put a positive spin on this report, saying it was great news for the economy and the financial sector. Are they right about that? Or could the full story of what happened represent a direct threat to the value of your savings and your retirement investments? Let's take a short look at the story behind the headlines, and the personal implications for you and your family.
As we all know, the large banks were in deep trouble in 2008 and 2009. The subprime mortgages were the trigger, but the problems rapidly spread into other investments. Markets totaling trillions of dollars were in danger of collapsing because of a lack of buyers.
Enter the Federal Reserve. This next part of the story is where 99% of the country usually stops reading. Because the concepts and vocabulary get a little obscure. That's what Wall Street is counting on you not finishing this short article. Because that's the perfect way to steal by the trillions do it in plain sight, but in such a manner that the people are blind to what you're doing. Keep reading, and let's shine a light on what has been done, and why you should be personally concerned.
Read on ...
danielamerman.com

Isn't it about time you grew up and acknowledged the obvious truth about racism and the right?

I've stated many times that racism knows no social, economic, political, geographic, etc. boundaries and that it exists in all of them. That's obvious,yes.

'The right' falls under the political part. You're welcome

Most repubs are not racist but most racists are republican.

Ponder this:
"If we add everything in, including the official government bailout, stimulus package and most importantly, the far larger Federal Reserve commitments to create new cash out of thin air in the future as needed, then total commitments to support Wall Street work out to $13 trillion, or $165,000 per household. Forget the car, this is enough money to buy a house! (The average cost of a house in the United States was $169,000 in the first quarter of 2009)."

The fuckers in Washington are stealing from you and lying to cover up the grand theft! The typical American is illiterate in finance and economics and they know it.

I've stated many times that racism knows no social, economic, political, geographic, etc. boundaries and that it exists in all of them. That's obvious,yes.

Yes you've stated that many times when trying to deflect from the honest criticism that the Republican party in the US has been the home of racism, sexism and homophobia fer well over forty years now.

Yer inability to acknowledge sed reality is pretty much a foregone conclusion by this point.

Obvious, really.

Be Well.

Then you criticize THOSE people, not the entire gamut that dislike him. duh

Trying to assert that Spud made a false abolutist argument?

Duh, indeed.

Be Well.

Trying to assert that Spud made a false abolutist argument?

No, but you were responding to a remark I made to someone who did. You put your horse in that race, not I. Spare me the faux indignation, please.

Yes you've stated that many times when trying to deflect from the honest criticism that the Republican party in the US has been the home of racism, sexism and homophobia fer well over forty years now.

You see what you want to see and you have the right to do that, wrong as you may be.

Yer inability to acknowledge sed reality is pretty much a foregone conclusion by this point.

*yawn*

I acknowledge the full reality. You want me to acknowledge only part of it. Sorry if the full I present truth collides with your half truths, but that's an issue you'll have to work out. I can't help those who choose to selectively see the world.

Racism is everywhere. The sooner you acknowledge that the less ignorant you will appear. In fact, one the most blatantly racist groups of people I ever met was in your fair city. *gasp!* Sitting in a business meeting and out of the blue one of your countrymen tells us how lucky there are so few blacks in Vancouver vs our city of Atlanta. We Atlantans were shocked.

OK, it's safe to pull your fingers out of your ears and stop chanting lalalalala now. Lesson is over.

Racism is everywhere.

I hate potatoes!!!

Atlanta is an awful city. Actually the whole state sucks.

I hate potatoes!!

Vegetist

Atlanta is an awful city

Atlanta is 66% black. Atlanta is a very prosperous city. They are known as the city too busy to hate. So what is it you hate about it, jackass? Is it because of its black majority? Or do you hate it because a city with a black majority is so successful?

Isn't the official minimum speed limit on I-75 through downtown Atlanta (non rush hour) 85 MPH? LOL Seems like it.

Or do you hate it because a city with a black majority is so successful?

Jackass is not a racist. Jackass hates anybody and any business that is successful. Jackass hates success! He's a fucking socialist who can't get laid.

Jackass has major self esteem issues and hates himself. Yet he gets angry when anyone puts him down.

Ask him how his own family treats him, he's revealed a couple of classics....

Or do you hate it because a city with a black majority is so successful?

Jackass is not a racist. Jackass hates anybody and any business that is successful. Jackass hates success! He's a fucking socialist who can't get laid.

#134 | Posted by Ray

Come on, Ray, don't be so hard on the animal---he's just a jackass.

Jackass is not a racist. Jackass hates anybody and any business that is successful. Jackass hates success! He's a fucking socialist who can't get laid.

#134 | Posted by Ray at 2010-01-30 08:30 AM

You are right I'm not a racist. I don't hate successful people or businesses. I just hate how greedy most of them are. They should realize that they need to spread the wealth around. They should be redistributing some of their wealth to me. I'm tired of getting up early and heading to a job that I really don't like. I'd rather do what I want to do rather than what boss man wants me to do. I do get laid btw. I'm not above paying for it either. I actually prefer it that way. They get what they want and I get what I want. I've been known to leave a sawbuck for a tip if the service is really good.

Goat I hate the traffic, shitty drivers and rude people in Atlanta. Only people I dislike more would be Philadelphians.

Atlanta Fulton County Stadium (or whatever the hell they renamed it as) is pretty nice. Wish I would've known beforehand that they allow people to bring in food from outside vendors. There were families and friends with buckets of KFC!

On topic,

Obama's approval ratings should be trending north, after this bit of news and after taking the Q&A from the GOP.

Economy Grows 5.7 percent, Fastest in 6 years, say's the headline.

One Word, BULL SHIT.

Joe Biden's antithesis.

Does this show a growing economy?

www.census.gov

Growing economy in here?

www.askthetrucker.com

How about here. www.aar.org anyone see a growing economy in there?

economy grew at a faster-than-expected 5.7 percent pace in the fourth quarter, the quickest in more than six years
with that kind of growth perhaps the 17% unemployment rate is good

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