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Let's Hope GDP Numbers are better in Q2 2015 (POL)

jphelan
jphelan
Jun 8, 2015
2:58am
Block User
Recession Definition:
A period of general economic decline; typically defined as a decline in GDP for two or more consecutive quarters. A recession is typically accompanied by a drop in the stock market, an increase in unemployment, and a decline in the housing market. A recession is generally considered less severe than a depression, and if a recession continues long enough it is often then classified as a depression. There is no one obvious cause of a recession, although overall blame generally falls on the federal leadership, often either the President himself, the head of the Federal Reserve, or the entire administration.

Recession Definition


Gross Domestic Product Results:



BEA.GOV
alanleroy
alanleroy
Jun 8, 2015
4:08am
Block User
Q1 was negatively impacted by weather, a dockworkers strike, and a strong dollar. I expect Q2 to be strong as pent up demand gets fulfilled and some of the savings from cheaper oil get spent by consumers and also works its way into the P&L of energy consuming businesses.
Dan Svatass
Dan Svatass
Jun 8, 2015
4:31am
Block User
Quote
Originally posted by: alanleroy
Q1 was negatively impacted by weather, a dockworkers strike, and a strong dollar. I expect Q2 to be strong as pent up demand gets fulfilled and some of the savings from cheaper oil get spent by consumers and also works its way into the P&L of energy consuming businesses.
Awww, why would you do that?

jphelan wants to enjoy the next seven weeks, hoping that the first Q2 numbers for our nation's economy are negative.

Don't be such a spoilsport!

jphelan
jphelan
Jun 8, 2015
6:17am
Block User
I also expect Q2 GDP numbers to be positive, but if they aren't, we are officially in a recession......

pjstroh
pjstroh
Jun 8, 2015
6:31am
Block User
Just imagine what GDP would be if we had a government that:
- passed infrastructure investment
- trained unemployed people for modern jobs
- forced employers to pay a wage above the poverty line

Instead of a government that:
- passes sequestration bills to make massive spending cuts in the economy
- holds countless votes to stop the "job killing healthcare bill" in the midst of multimillion job ex
- shuts down the federal government and kills our credit rating
- chases never ending trials to find Bigfoot in Benghazi
hoops2
hoops2
Jun 8, 2015
7:02am
Block User
Quote
Originally posted by: pjstroh
Just imagine what GDP would be if we had a government that:
- passed infrastructure investment - Remember Shovel Ready Jobs
- trained unemployed people for modern jobs - Over 30 Federal Job Training Programs Now
- forced employers to pay a wage above the poverty line - Several hundred Economists have sent a letter to obama that the $15hr wage is a job killer

Instead of a government that:
- passes sequestration bills to make massive spending cuts in the economy. - A bit of an overstatement
- holds countless votes to stop the "job killing healthcare bill" in the midst of multimillion job ex - Slowest post recession ever
- shuts down the federal government and kills our credit rating - Credit rating was cut due to obama/democrats deficits
- chases never ending trials to find Bigfoot in Benghazi - Maybe we would know what was going on if shrillery wasn't hiding emails

jatki
jatki
Jun 8, 2015
7:30am
Block User
Quote
Originally posted by: pjstroh
Just imagine what GDP would be if we had a government that:
- passed infrastructure investment
- trained unemployed people for modern jobs
- forced employers to pay a wage above the poverty line

Instead of a government that:
- passes sequestration bills to make massive spending cuts in the economy
- holds countless votes to stop the "job killing healthcare bill" in the midst of multimillion job ex
- shuts down the federal government and kills our credit rating
- chases never ending trials to find Bigfoot in Benghazi


I would love to see some real dollars go into infrastructure spending IF it actually got done. Why is it you never want to acknowledge Obama's "shovel ready" jobs program? It's ridiculous, what makes you think it would be any different this time? Or do you wanna go even deeper in debt than we already are(and counting)?

Isn't training unemployed/jobs programs that got lumped together with the first point? If not, wasted money, I'd rather see people go to school instead of any type of govt "retraining" that is more money at something that doesn't work.

I would also love to see folks get a better wage but it's NOT the govt.'s job, the market will eventually decide that. Look what's happening at McD's and wally world, they're raising on their own. The main downward pressure on wages is ...the availability of CHEAP LABOR and there is no denying that. You understand why not many people want to pick lettuce for five bucks an hour? Because there's a whole boatload of people who line up for it. It's a simple supply and demand thing and I know you understand that.

Spending cuts? You don't think Govt. spending needs to be reigned in? Never mind, don't answer. You do know the credit rating got cut because of the amount of debt, right?

Bigfoot kind of crap again..SHEESH, where's the enquirer pic..
chefantwon
chefantwon
Jun 8, 2015
10:20am
Block User
Quote
Originally posted by: jatki99
Quote
Originally posted by: pjstroh
Just imagine what GDP would be if we had a government that:
- passed infrastructure investment
- trained unemployed people for modern jobs
- forced employers to pay a wage above the poverty line

Instead of a government that:
- passes sequestration bills to make massive spending cuts in the economy
- holds countless votes to stop the "job killing healthcare bill" in the midst of multimillion job ex
- shuts down the federal government and kills our credit rating
- chases never ending trials to find Bigfoot in Benghazi


I would love to see some real dollars go into infrastructure spending IF it actually got done. Why is it you never want to acknowledge Obama's "shovel ready" jobs program? It's ridiculous, what makes you think it would be any different this time? Or do you wanna go even deeper in debt than we already are(and counting)?

Isn't training unemployed/jobs programs that got lumped together with the first point? If not, wasted money, I'd rather see people go to school instead of any type of govt "retraining" that is more money at something that doesn't work.

I would also love to see folks get a better wage but it's NOT the govt.'s job, the market will eventually decide that. Look what's happening at McD's and wally world, they're raising on their own. The main downward pressure on wages is ...the availability of CHEAP LABOR and there is no denying that. You understand why not many people want to pick lettuce for five bucks an hour? Because there's a whole boatload of people who line up for it. It's a simple supply and demand thing and I know you understand that.

Spending cuts? You don't think Govt. spending needs to be reigned in? Never mind, don't answer. You do know the credit rating got cut because of the amount of debt, right?

Bigfoot kind of crap again..SHEESH, where's the enquirer pic..


That cheap labor = illegal workers

If PJ wants everybody to pay $15 an hour for unexperienced workers, his Big Mac is either going to be made by illegals or robots. Those "good jobs" will make like trees and get outta here.
jatki
jatki
Jun 8, 2015
5:10pm
Block User
Quote
Originally posted by: chefantwon
Quote
Originally posted by: jatki99
Quote
Originally posted by: pjstroh
Just imagine what GDP would be if we had a government that:
- passed infrastructure investment
- trained unemployed people for modern jobs
- forced employers to pay a wage above the poverty line

Instead of a government that:
- passes sequestration bills to make massive spending cuts in the economy
- holds countless votes to stop the "job killing healthcare bill" in the midst of multimillion job ex
- shuts down the federal government and kills our credit rating
- chases never ending trials to find Bigfoot in Benghazi


I would love to see some real dollars go into infrastructure spending IF it actually got done. Why is it you never want to acknowledge Obama's "shovel ready" jobs program? It's ridiculous, what makes you think it would be any different this time? Or do you wanna go even deeper in debt than we already are(and counting)?

Isn't training unemployed/jobs programs that got lumped together with the first point? If not, wasted money, I'd rather see people go to school instead of any type of govt "retraining" that is more money at something that doesn't work.

I would also love to see folks get a better wage but it's NOT the govt.'s job, the market will eventually decide that. Look what's happening at McD's and wally world, they're raising on their own. The main downward pressure on wages is ...the availability of CHEAP LABOR and there is no denying that. You understand why not many people want to pick lettuce for five bucks an hour? Because there's a whole boatload of people who line up for it. It's a simple supply and demand thing and I know you understand that.

Spending cuts? You don't think Govt. spending needs to be reigned in? Never mind, don't answer. You do know the credit rating got cut because of the amount of debt, right?

Bigfoot kind of crap again..SHEESH, where's the enquirer pic..


That cheap labor = illegal workers

If PJ wants everybody to pay $15 an hour for unexperienced workers, his Big Mac is either going to be made by illegals or robots. Those "good jobs" will make like trees and get outta here.


Exactly. Instead of any kind of "path to citizenship" for those who got here illegally, they need to be put on the path back home and try again,LEGALLY period. Take away those 30 million(or however many it is) who are scared and will work for nothing then all of a sudden, surprise!, wages will go up. People need workers, take away the drastically cheap illegal labor pool and they'll be forced to pay for anyone to work.
When I had my little painting/carpentry business, I had to pay (I didn't mind at all) for quality guys. I never once considered hiring someone because they were 5 bucks an hour.
I think it's a ridiculous argument to let those here illegally stay when there's a boatload of people who are trying and doing it legally, not fair to them. Plus what's the incentive to try and do it legally?

Boilerman
Boilerman
Jun 8, 2015
9:15pm
Block User
Spending money on "shovel ready" jobs that never materialize is now called "investment" by Democrats. Remember how many jobs Obama was going to "create"............and then was later marketed as "create or save", making it impossible to measure?

Oh my.


Quote
Originally posted by: pjstroh
Just imagine what GDP would be if we had a government that:
- passed infrastructure investment
- trained unemployed people for modern jobs
- forced employers to pay a wage above the poverty line

Instead of a government that:
- passes sequestration bills to make massive spending cuts in the economy
- holds countless votes to stop the "job killing healthcare bill" in the midst of multimillion job ex
- shuts down the federal government and kills our credit rating
- chases never ending trials to find Bigfoot in Benghazi


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