Not, of course, because of our socialist idiot president. But because of the “weather.”
10 Replies to “US Economy Grew Only .1% Due to Global Cooling”
The daily blacksplainations from the Whitehouse are always funny. The hilarity of hypocritical racists never gets old.
With unemployment as high as it is, America will have a tough time getting out of the debt this president is getting the USSA into.
Clueless on how the economy works, clueless that supporting jihadists and neo-nazis does not make for a good foreign policy.
It’s amazing how long the US has managed to survive on hot air and bluster.
Stock market crash to follow. Film at 11.
In Saskatchewan we are having a long cold winter too. I wonder if our GDP dropped like a stone as well. Luckily, like some US states, we have a business friendly climate to offset the annual -30C winter chill. For business hostile jurisdictions I suggest throwing your top 10%ers in the nearest volcano* to appease the tax gods and ward off next winter’s GDP curse.
*if you lack a volcano then find another suitable bottomless pit of pain and vengeance. Any government regulatory department of collection and compliance should suffice.
It must be really bad. The most they could manipulate the data was to .01% growth. So in actual terms, the USA probably was in recession the last quarter. I wish I could say that it’s entertaining to see the lies and distortion to protect Odummy, but I cannot. Low information voters indeed!
Almost all ‘free market’ governments, heavily in debt, have forecast GDP growth rates far in excess of what is achievable. They do this simply because it makes the arithmetic work! Many countries forecast growth in excess of 3.5%. These very same countries are faced with aging populations and a declining birth rate.
Deflation is a more likely outcome.
Canada might be slightly better off than the USA but not by much. The CPC does almost nothing to educate Canadians about what is at risk. Obama either ignores reality or as I suspect deliberately covers up the real situation.
I suspect when citizens lose confidence in their government’s ability to run their affairs a mass panic will ensue. Inflation across the board and huge increases in interest rates. As demand plummets this scenario will morph into decades long deflation, ala Japan. Since credit ratings by government and by citizenry will have been destroyed the ability to inflate out of this situation will no longer exist.
I didn’t know Canada’s economy was cold-resistant.
Blame any one or any thing, except the ring master Obama with his communist buddies.
That’s always the MSM callback position.
From disastrous foreign policy to the internal police state he has set up.
Yet most Americans don’t see it.
The silence of the carnivorous press, is a sign of how Isolated the USA has become.
Swat teams abound. The TSA is still groping its way into Americas heart. The IRS is vigilant for any tea party activism.
Americans can now be tagged & killed with no trial.No wire taps. Yet the biggest co9ncern is Kim Kardasians latest fling?
I hope they keep this line of reasoning up. I could make some big consulting $$$ by advising US folks on how to function during the winter as somebody who’s worked outside in -40.
here in saskatchewan we are cold resistant because we are used to 7 months of minus zero weather and 5 months of almost above zero weather!
The previous GDP number was 2.6
experts hoped for 1.2
actual number announced yesterday morning was 0.1
that is 26 times – yes TWENTY SIX TIMES – smaller than last time
or look at it this way,
0.1 is about 4% of 2.6
a 96% “shrinkage” in GDP
yet the main stream media claimed it was caused by the “bad weather” but what is truly very weird is that the markets were not affected at all by such extremely even catastrophically bad number
I used to think the indices ( Dow, S&P500 etc ) were reflecting reality, then a couple years ago I began having doubts,
now I know there is something fishy going on.
GDP has shrunk to nothing, it is 26 times smaller than the previous number yet the markets are doing fine as if nothing happened???
it does not make any sense.
it does not make ANY freakin’sense.
someone is pulling some levers somewhere.
there is serious cheating going on.
There is serious manipulation going on.
The daily blacksplainations from the Whitehouse are always funny. The hilarity of hypocritical racists never gets old.
With unemployment as high as it is, America will have a tough time getting out of the debt this president is getting the USSA into.
Clueless on how the economy works, clueless that supporting jihadists and neo-nazis does not make for a good foreign policy.
It’s amazing how long the US has managed to survive on hot air and bluster.
Stock market crash to follow. Film at 11.
In Saskatchewan we are having a long cold winter too. I wonder if our GDP dropped like a stone as well. Luckily, like some US states, we have a business friendly climate to offset the annual -30C winter chill. For business hostile jurisdictions I suggest throwing your top 10%ers in the nearest volcano* to appease the tax gods and ward off next winter’s GDP curse.
*if you lack a volcano then find another suitable bottomless pit of pain and vengeance. Any government regulatory department of collection and compliance should suffice.
It must be really bad. The most they could manipulate the data was to .01% growth. So in actual terms, the USA probably was in recession the last quarter. I wish I could say that it’s entertaining to see the lies and distortion to protect Odummy, but I cannot. Low information voters indeed!
Almost all ‘free market’ governments, heavily in debt, have forecast GDP growth rates far in excess of what is achievable. They do this simply because it makes the arithmetic work! Many countries forecast growth in excess of 3.5%. These very same countries are faced with aging populations and a declining birth rate.
Deflation is a more likely outcome.
Canada might be slightly better off than the USA but not by much. The CPC does almost nothing to educate Canadians about what is at risk. Obama either ignores reality or as I suspect deliberately covers up the real situation.
I suspect when citizens lose confidence in their government’s ability to run their affairs a mass panic will ensue. Inflation across the board and huge increases in interest rates. As demand plummets this scenario will morph into decades long deflation, ala Japan. Since credit ratings by government and by citizenry will have been destroyed the ability to inflate out of this situation will no longer exist.
I didn’t know Canada’s economy was cold-resistant.
Blame any one or any thing, except the ring master Obama with his communist buddies.
That’s always the MSM callback position.
From disastrous foreign policy to the internal police state he has set up.
Yet most Americans don’t see it.
The silence of the carnivorous press, is a sign of how Isolated the USA has become.
Swat teams abound. The TSA is still groping its way into Americas heart. The IRS is vigilant for any tea party activism.
Americans can now be tagged & killed with no trial.No wire taps. Yet the biggest co9ncern is Kim Kardasians latest fling?
I hope they keep this line of reasoning up. I could make some big consulting $$$ by advising US folks on how to function during the winter as somebody who’s worked outside in -40.
here in saskatchewan we are cold resistant because we are used to 7 months of minus zero weather and 5 months of almost above zero weather!
The previous GDP number was 2.6
experts hoped for 1.2
actual number announced yesterday morning was 0.1
that is 26 times – yes TWENTY SIX TIMES – smaller than last time
or look at it this way,
0.1 is about 4% of 2.6
a 96% “shrinkage” in GDP
yet the main stream media claimed it was caused by the “bad weather” but what is truly very weird is that the markets were not affected at all by such extremely even catastrophically bad number
I used to think the indices ( Dow, S&P500 etc ) were reflecting reality, then a couple years ago I began having doubts,
now I know there is something fishy going on.
GDP has shrunk to nothing, it is 26 times smaller than the previous number yet the markets are doing fine as if nothing happened???
it does not make any sense.
it does not make ANY freakin’sense.
someone is pulling some levers somewhere.
there is serious cheating going on.
There is serious manipulation going on.