Vegas Free-for-All - GDP Falls by 2.9% in Q1 14

GDP Falls by 2.9% in Q1 14

Boilerman

Jun 25, 2014
12:02pm

The Department of Commerce made a first estimate of GDP performance (this is the report that Alanleroy and Chilly have ignored or are ignorant of), then the Department of Commerce made a second estimate of GDP performance (this is the report that Alanleroy and Chilly Box have chosen to write of), then the Department of Commerce developed a third estimate of GDP performance. I'm not certain if Alanleroy and Chilly are distorting the facts intentionally or if they don't understand the facts.

Would Alanleroy and Chilly Box please let us know what the first Department of Commerce GDP estimate was for the 1st quarter of 2014?

Quote

Originally posted by: alanleroyII
I think he's saying you are smart...like a Box of Rocks.

Box of Rocks: Urban Dictionary

"When a person, usually a male, has brain matter equivalent to a cardboard box containing a assortment of rocks with absolutely no street value. Not to be confused with a jewelry box.

Mike is a fuckin' box of rocks. He does the dumbest shit."

https://www.urbandictionary.com/define.php?term=box%20of%20rocks

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Originally posted by: Boilerman
???? What does this mean?

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Originally posted by: Boilerman
And what does this mean?

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Originally posted by: Chilcoot

alanleroyII

Jun 25, 2014
12:22pm

Block User

Hey...I was just helping you out because you didn't seem to understand Chilcoot's insult.

Let me go ahead and recap this for you. In my original post I was quoting NBC News who claimed the newly revised GDP estimate was -2.9% and the previous estimate was 1%. Chilcoot pointed out that the previous estimate was actually -1%..I think he is right about that and NBC was wrong.

I also think that how wrong the Department of Commerce's 1st or 2nd estimate was is infinitesimally unimportant compared to the startling reversal of growth in Q1. It's almost like Chilly was trying to change the subject to where I got my information instead of the remarkable decline in GDP. That's what you're doing too, but I don't think you are really doing it intentionally.

Quote

Originally posted by: Boilerman
The Department of Commerce made a first estimate of GDP performance (this is the report that Alanleroy and Chilly have ignored or are ignorant of), then the Department of Commerce made a second estimate of GDP performance (this is the report that Alanleroy and Chilly Box have chosen to write of), then the Department of Commerce developed a third estimate of GDP performance. I'm not certain if Alanleroy and Chilly are distorting the facts intentionally or if they don't understand the facts.

Would Alanleroy and Chilly Box please let us know what the first Department of Commerce GDP estimate was for the 1st quarter of 2014?

Quote
Originally posted by: alanleroyII
I think he's saying you are smart...like a Box of Rocks.

Box of Rocks: Urban Dictionary

"When a person, usually a male, has brain matter equivalent to a cardboard box containing a assortment of rocks with absolutely no street value. Not to be confused with a jewelry box.

Mike is a fuckin' box of rocks. He does the dumbest shit."

https://www.urbandictionary.com/define.php?term=box%20of%20rocks

Quote
Originally posted by: Boilerman
???? What does this mean?

Quote
Originally posted by: Boilerman
And what does this mean?

Quote
Originally posted by: Chilcoot

Dan Svatass

Jun 25, 2014
4:46pm

Block User

Quote

Originally posted by: alanleroyII
I also think that how wrong the Department of Commerce's 1st or 2nd estimate was is infinitesimally unimportant compared to the startling reversal of growth in Q1. It's almost like Chilly was trying to change the subject to where I got my information instead of the remarkable decline in GDP.

I thought your initial post was fairly accurate. I merely took issue with the unsourced part stated in your own voice that was factually false, and noted that you somehow don't feel the need to start other threads here when positive economic news comes out.

Fastest hiring pace in 15 years, layoffs down, weekly unemployment claims down 10% since January, growth in manufacturing and surging auto sales (May was the best month in 9 years), all helping lift the economy solidly if unexpectedly for years now. I don't recall you starting any threads here about any of that.

BobOrme

Jun 25, 2014
6:09pm

Block User

Quote

Originally posted by: Boilerman
And what does this mean?

Quote
Originally posted by: Chilcoot

That is an example of rule #5 of Saul Alinski's Rules For Radicals....another Chicago community organizer. Ridicule those who disagree with you rather than prove them wrong. Sometimes #5 is the only tool Coot has. It is the most common tool Coot and Fork use on this forum.

Boilerman

Jun 25, 2014
8:45pm

Block User

I knew what Chilly meant with the box of Rocks. I wanted him to be quite specific before I confirmed that:

1. Chilly is again intentionally twisting the truth by relaying half truths.

OR

2. Chilly is a dumb as a box of Rocks.

Chilly, I'll ask you once again, what was the Commerce Departments first GNP estimate?

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Originally posted by: BobOrme

Quote
Originally posted by: Boilerman
And what does this mean?

Quote
Originally posted by: Chilcoot

alanleroyII

Jun 25, 2014
10:33pm

Block User

Quote

Originally posted by: Chilcoot
Fastest hiring pace in 15 years, layoffs down, weekly unemployment claims down 10% since January, growth in manufacturing and surging auto sales (May was the best month in 9 years), all helping lift the economy solidly if unexpectedly for years now. I don't recall you starting any threads here about any of that.

If the truth be known, I have started very few threads here in the past couple of years...positive or negative and I thought the -2.9% growth was such an outlier that it merited a discussion.

As to "helping lift the economy solidly if unexpectedly for years now", I would comment that there is no question, there are favorable numbers to be found if you look hard enough, but overall we continue to struggle....and given the 2% growth forecasted for 2014, this continues to be one of the poorest economic recoveries on record. It's nothing to crow about...really.

I also have no doubt that if this was not a political administration that you agree with you would be viciously attacking the same numbers rather than defending them. Me...not so much.

Of course stocks and corporate profits have experienced much success. We can only hope that these eventually translate into better times and higher growth ahead.

Dan Svatass

Jul 30, 2014
2:24am

Block User

I enjoyed reading today's many updates to this thread.

A little skimpier than I expected, but I guess that's what happens to good news around here.

Boilerman

Jul 30, 2014
4:00am

Block User

Chilly, you never answered my question.

Quote

Originally posted by: Boilerman
I knew what Chilly meant with the box of Rocks. I wanted him to be quite specific before I confirmed that:

1. Chilly is again intentionally twisting the truth by relaying half truths.

OR

2. Chilly is a dumb as a box of Rocks.

Chilly, I'll ask you once again, what was the Commerce Departments first GNP estimate?

Quote
Originally posted by: BobOrme
Quote
Originally posted by: Boilerman
And what does this mean?

Quote
Originally posted by: Chilcoot

That is an example of rule #5 of Saul Alinski's Rules For Radicals....another Chicago community organizer. Ridicule those who disagree with you rather than prove them wrong. Sometimes #5 is the only tool Coot has. It is the most common tool Coot and Fork use on this forum.