U.S. Economy Unexpectedly Contracts in Fourth Quarter

Quote from Slvrshot : Wages are meant to plummet in Capitalism.

When did Obama become a capitalist? He parades around screeching about how he wants to spend more government money, and meanwhile, he has done a better job cutting wages than any of his predecessors.

Apple meanwhile has $130 billion cash.

Quote from Krazen1211 : Wage rates were dropping before Reagan took office. He turned that around and grew wages during his term as your own graph shows on the red line. Meanwhile during your President's term, wages merely continued dropping more and more.

Might have something to do with timing. Reagan's recession started 2 years into his term and he had 6 years to recover.

The Bush recession greeted Obama at the door. Wages are now starting to recover.

But Obama still has the legacy of 30 years of Reagan Revolution to overcome.

Busted unions don't just miraculously reassemble themselves overnight.

Quote : I guess you have set up an amusing puzzle in your head where he cannot be held responsible for anything.

I guess you have no insight into my "head," or you'd limit yourself to discussing the facts and issues instead of making ad hominems.

Quote : Reagan certainly didn't cut spending at all, but he spent it on much more useful things.

In your opinion. Most people don't see military hardware as productivity enhancements for the private sector. Esp if you don't count military contractors as private sector.

Quote from Krazen1211 : When did Obama become a capitalist? He parades around screeching about how he wants to spend more government money, and meanwhile, he has done a better job cutting wages than any of his predecessors. Apple meanwhile has $130 billion cash.

This has nothing to do with Obama.

Quote from 124nic8 : Might have something to do with timing. Reagan's recession started 2 years into his term and he had 6 years to recover. The Bush recession greeted Obama at the door. Wages are now starting to recover. But Obama still has the legacy of 30 years of Reagan Revolution to overcome. Busted unions don't just miraculously reassemble themselves overnight. I guess you have no insight into my "head," or you'd limit yourself to discussing the facts and issues instead of making ad hominems. In your opinion. Most people don't see military hardware as productivity enhancements for the private sector. Esp if you don't count military contractors as private sector.

Your own graph shows that wages in 1984 were higher than 1980, after dropping like a rock during the Ford/Carter administrations. Wages were higher in 1984 than they were in 1982 as well. That's not my opinion at all. Clearly, that military hardware did something, and those results were accomplished in Reagan's first term. His second term created even more higher wages.


By contrast your President's term has merely been declining wages for 3 measured years through 2011 with no recovery at all. Where are the facts detailing any increase in wages during this obama revolution?


The rest of course is not my opinion. The United States of America voted 58% for Reagan in 1984. I did not vote in that election at all.

Quote from Slvrshot : Wages are meant to plummet in Capitalism.

This statement is meaningless by itself. How does it relate to current times? And what do they plummet from? A different economic system? Artificially high wages?

And things go quiet after facts are posted.

Quote from 124nic8 : Might have something to do with timing. Reagan's recession started 2 years into his term and he had 6 years to recover. The Bush recession greeted Obama at the door. Wages are now starting to recover. But Obama still has the legacy of 30 years of Reagan Revolution to overcome. Busted unions don't just miraculously reassemble themselves overnight.

Stop with this nonsense of holding Obama blameless.

It's becoming quite absurd nowadays how often some piece of economic data is unexpected.

Obama demanded economic stimulus and promised relief and results. We got more debt, but no relief and no results, at least nothing positive. You people can continue blaming Reagan, Bush43, the weather, or anything else...but the rest of use recognize that it is blame-shifting and see it as cognitive dissonance among the Democrats and media.

Quote from jonsmith74 : Stop with this nonsense of holding Obama blameless. It's becoming quite absurd nowadays how often some piece of economic data is unexpected. Obama demanded economic stimulus and promised relief and results. We got more debt, but no relief and no results, at least nothing positive. You people can continue blaming Reagan, Bush43, the weather, or anything else...but the rest of use recognize that it is blame-shifting and see it as cognitive dissonance among the Democrats and media.

And notice that there is no credit given to Reagan for the boom and solid economy during Clinton's terms...

Quote from jonsmith74 : Stop with this nonsense of holding Obama blameless.

He is relatively blameless for the state of economic collapse that existed when he took office.

Quote : It's becoming quite absurd nowadays how often some piece of economic data is unexpected.

Because you have a crystal ball?

Quote : Obama demanded economic stimulus and promised relief and results.

And the result is recovery and steadily increasing jobs.

Quote : We got more debt, but no relief and no results, at least nothing positive.

Job growth is not positive?

Quote : You people can continue blaming Reagan, Bush43, the weather, or anything else...

Clearly Reagan started a Revolution and Bush43 doubled down on it. Are you really claiming those policies had no lasting effect on the economy today?

Quote : but the rest of use recognize that it is blame-shifting and see it as cognitive dissonance among the Democrats and media.

Ironic.

Obams was put between a rock and a hard place. A 2nd great depression was his alternative to stimulus.

Quote from 124nic8 : He is relatively blameless for the state of economic collapse that existed when he took office. Because you have a crystal ball? And the result is recovery and steadily increasing jobs. Job growth is not positive? Clearly Reagan started a Revolution and Bush43 doubled down on it. Are you really claiming those policies had no lasting effect on the economy today? Ironic. Obams was put between a rock and a hard place. A 2nd great depression was his alternative to stimulus.

Oh, please. Obama was not elected in the midst of an economic collapse. Bush and Congress was already enacting measures that Obama was proposing and would ultimately expand.

Recovery and job growth? Lol.

I can't reason out of you that which was not reasoned in the first place. If you think there's a recovery then why economic contraction? Why continued new jobless claims like today's announcement? Why a record low labor participation rate? Why persistent near 8pct unemployment? Why are we borrowing $0.46 of every dollar spent?

Lmao...

Quote from jonsmith74 : Oh, please. Obama was not elected in the midst of an economic collapse. Bush and Congress was already enacting measures that Obama was proposing and would ultimately expand.

You mean TARP? Why TARP if there was no emergency risk of catastrophic collapse?

Quote : Recovery and job growth? Lol.

Whether you recognize it or not....

Quote : I can't reason out of you that which was not reasoned in the first place. If you think there's a recovery then why economic contraction?

You mean last quarter? It was due to defense spending cutbacks and Sandy.

Quote : Why continued new jobless claims like today's announcement? Why a record low labor participation rate? Why persistent near 8pct unemployment? Why are we borrowing $0.46 of every dollar spent? Lmao...

Recovery is not and never has been instantaneous. Esp not from a financial crisis.

The world is in similar if not more dire straits. We are doing much better than most.

Quote from 124nic8 : Recovery is not and never has been instantaneous. Esp not from a financial crisis.

Everyone remember this sentence. You'll be hearing it for the next four years. 12 years if Hillary gets elected.

Quote from Deusxmachina : Everyone remember this sentence. You'll be hearing it for the next four years. 12 years if Hillary gets elected.

Do you have a reason for disputing it?

Quote from 124nic8 : Do you have a reason for disputing it?

If those two are leading the country, no.