Glock Talk
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01-30-2013, 15:22
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#1
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Senior Member
Join Date: Dec 2000
Location: N. Central OH
Posts: 1,818
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GDP drops in 4th qtr.
http://www.cnbc.com/id/100419252
Another one of those "didn't see it coming stories" from the financial gurus.
So, the first of a few down quarters (recession) or just a fluke?
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01-30-2013, 15:59
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#2
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Silver Membership
Enjoy the Ride
Join Date: May 2002
Location: Ft. Worth TX
Posts: 21,311
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Communism doesn't work; never has.
When the "other people's money" runs out, everything crashes.
.
__________________
They'd created a vast, permanently unemployed underclass, dependent upon the Republic's stupendous welfare machine for its very existence, and in so doing, they'd sown the seeds of their own destruction. No one could place two-thirds of a world's population on the Dole and keep them there forever without the entire system crashing . . . but how in hell did one get them off the Dole? -David Weber
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01-30-2013, 16:06
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#3
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Senior Member
Join Date: Jul 2008
Location: Peoples Republic of IL
Posts: 1,287
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England is heading into a triple dip recession...........the Royal Bank of Scotland said they are in an economy worse than the GD. Benji will blame them for it all.
The lies and schemes are wearing thin, everybody knows it is getting worse.
__________________
NRA Endowment member. Bitter voter clinging to ....... and religion.
No matter how cynical I get, I can't seem to keep up
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01-30-2013, 16:08
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#4
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Senior Member
Join Date: Jan 2004
Posts: 6,926
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It's Bush's fault.
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01-30-2013, 16:09
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#5
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Confederate
Join Date: Jun 2008
Location: Solsbury Hill
Posts: 14,321
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The recession that never ends.
Wait until the debt bubble bursts.
We're screwed. Interest rates have to remain low due to all of the debt incurred. If they rise, the fragile economy will crash. It's a no win scenario. We're in a hole that gets deeper by the day. As soon as Obamacare really kicks in, watch for the hole to get very deep.
There isn't a politician that can save us.
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01-30-2013, 17:15
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#6
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Senior Member
Join Date: Mar 2010
Location: Oregon - U.S.A
Posts: 3,184
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Quote:
Originally Posted by Restless28
The recession that never ends.
Wait until the debt bubble bursts.
We're screwed. Interest rates have to remain low due to all of the debt incurred. If they rise, the fragile economy will crash. It's a no win scenario. We're in a hole that gets deeper by the day. As soon as Obamacare really kicks in, watch for the hole to get very deep.
There isn't a politician that can save us.
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Agreed.
__________________
GSSF Member
Bull Dawgs Club #571
Rimfire Club #571
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01-30-2013, 17:26
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#7
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Senior Member
Join Date: Oct 2007
Location: Pennsylvania
Posts: 3,076
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Obama won is the reason.
And the 4th quarter does not factor in 2013’s tax increases and spending cuts coming in March for another GDP hit.
Meanwhile, the stock market yawned. Damn the torpedoes, full speed ahead to-da-moon!
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