July 29, 2011
— Open Blogger Quarterly GDP since Pres. Obama took office.
2009 2nd Qtr:.....-.7%
2009 3rd Qtr:.....1.7%
2009 4th Qtr:.....3.8%
2010 1st Qtr:.....3.9% (Obamacare passed March 2010)
2010 2nd Qtr:.....3.8%
2010 3rd Qtr:.....2.5%
2010 4th Qtr:.....2.3%
2011 1st Qtr:.....0.4%
2011 2nd Qtr:.....1.3%
1978....5.6
1979....3.1
1980...-0.3
Posted by: Open Blogger at
11:52 PM
| Comments (111)
Post contains 68 words, total size 1 kb.
I wonder if my Congressmen know that.
Posted by: elspeth at July 30, 2011 12:00 AM (clwS9)
If you step back and look at the results since the Dems took over Congress it is pretty scary how perfectly awful they are.
Posted by: Bill Mitchell at July 30, 2011 12:00 AM (uVlA4)
But.it.doesn't.
That has to be hard. How long can you appear on camera and pretend to be in control and pretend to be confident before you finally reach the breaking point ad crack up?
Posted by: Bill Mitchell at July 30, 2011 12:04 AM (uVlA4)
Posted by: Comrade Arthur at July 30, 2011 12:09 AM (/62i9)
Posted by: Truman North at July 30, 2011 12:13 AM (K2wpv)
hopefully not long, and i hope it happens line on national TV...
Posted by: redc1c4 at July 30, 2011 12:15 AM (d1FhN)
Posted by: Anna Puma at July 30, 2011 12:17 AM (YndnO)
Posted by: steve poling at July 30, 2011 12:26 AM (db5YN)
Posted by: theCork at July 30, 2011 01:11 AM (npWbW)
Here's what you do: Get on twitter and follow #compromise. Find some pudding-headed Obamabot and, in the most condescending tone you can manage in 140 chars, tell them to shut up and get back to work funding your retirement.
Posted by: RokShox at July 30, 2011 01:39 AM (pcly4)
Posted by: Drunk Sockpuupet up way past his bedtime at July 30, 2011 01:49 AM (jn3w5)
Ooops.
Posted by: Drunk Sockpuupet up way past his bedtime at July 30, 2011 01:58 AM (jn3w5)
Posted by: Ben Bernanke, Helicopter Pilot at July 30, 2011 02:12 AM (kkG60)
Like his hero, FDR Obama has made everything worse. The Dems caused the collapse and now they have turned it into great depression 2.0.
Posted by: Vic at July 30, 2011 02:14 AM (M9Ie6)
Posted by: CoolCzech at July 30, 2011 02:38 AM (kUaEF)
But since you violated them, I'd like to take a lousy swing too. Since King Putt has been in charge, there has been about $4 trillion in deficit spending. Total GDP for a year is somewhere in the ballpark of $14 trillion. So 4/14, carry the elevenses, works out to 28.5% of a single year's GDP. Even accounting for most of the stimulus going for hookers and blow, some of it must have caused a few things to be produced that counts towards GDP.
Now I added up all those quarterly GDP numbers from the JEF days, and get........19%. Now that is 19%/9 quarters, or around 2.1% annual growth. So we have 28.5%/9 = 3.1% borrowed money spending to get 2.1% growth. Yeesh. I don't gots no Harvard degree or anything, but that don't look so hot as a result.
And since the projections for GDP and deficit spending both remain in these same ballparks, it never gets better. Never.
Now to apologize for that above stuff, I offer up some fresh Iowahawk debt Armageddon predictions:
Beltway policy experts begin living by own wits; after 45 minutes there are no survivors.
Without college loan program, America loses an entire generation of Marxist Dance Theorists.
The link is to his blog; these were a couple of my favorites from his post.
Posted by: GnuBreed at July 30, 2011 02:41 AM (bvXGR)
Crap. Now you see why I'm not allowed to play with math any more. The 28.5% needs to be divided by 2.75 years to get annualized, which works out to 10.3% of GDP. Oh shit. That is bad. A whopping 2% growth, fueled by 10% borrowing. Yeah, that is sustainable.
Posted by: GnuBreed at July 30, 2011 03:00 AM (bvXGR)
When the dust settles and a bill is passed and on the JEF's desk to sign, it will be trumpeted in a signing ceremony as the most miraculous event since the Resurrection of the Messiah, with the MFM singing the halleluiah chorus.
It will be all Him.
A presser will be held and all the reporters will be in shock and awe in His radiating presence, and only puffball questions will be submitted, allowing Him to voice this event as the New Coming of The One.
Because it's all about Campaign 2012, baby. All about it.
Posted by: I'm in a New York state of mind at July 30, 2011 03:03 AM (4sQwu)
Posted by: CoolCzech at July 30, 2011 03:06 AM (kUaEF)
Your score:2 out of 11
You probably don't recycle.
Can't say how I got here but this quiz has less to do with energy and more to do with liberal policy and useless trivia.
Posted by: sTevo at July 30, 2011 03:08 AM (VMcEw)
This is really an old story but because Otrama went to La Raza Fox has regurgitated it.
Obarky is implementing amnesty via executive fiat. King Barky’s favorite phrase now is “So let it be written, so let it be done”.
Posted by: Vic at July 30, 2011 03:09 AM (M9Ie6)
Issa "investigates Otrama CAFE standards by executive fiat
Look Issa all these “investigations” are all well and good but isn’t it time to do something with them? We need a special prosecutor for the gun running stuff. We need some legislation to reign in Pharaoh Bama’s executive fiat.
Posted by: Vic at July 30, 2011 03:09 AM (M9Ie6)
This is the kind of shit that really pisses me off on the "sports" clubs.
County government in Long
Island wants already beleaguered tax payers to fork over $400M for a new hockey
stadium. The county already has a huge
deficit and now they want to spend $400M to “keep the islanders from leaving”.
Piss on the islanders let them leave. If more cities and counties across the
nation refused this BS owners would quit holding the tax payers for ransom.
That's it for non-budget "news".
Posted by: Vic at July 30, 2011 03:10 AM (M9Ie6)
- Boehner deal gets held up because "Tea Party" wants changes; or do they want no deal at all? Honestly, I am confused. Anyway, Boehner gets enough "Tea Party" (?) votes to pass it. Cheers go up.
- The Senate gets it and refused to consider it with the help of six Republican "Tea Party" Senators (Sens. Jim DeMint, Lindsey Graham, David Vitter, Rand Paul, Mike Lee and Orrin Hatch.)
Will these Senators vote for any deal or is the game to get something passed without those six?
Those are honest questions.
Posted by: Marcus at July 30, 2011 03:10 AM (xVZFh)
I'm at least hoping someone goes to jail for GunRunner but that's about it for my expectations Vic. No one is held accountable in government anymore. (See Frank-Dodd). Look at the Issa stuff as ammo to keep JugEars from getting reelected.
Posted by: GnuBreed at July 30, 2011 03:30 AM (bvXGR)
Charles Johnson Browbeat Forbes' Abigail Esman After She Correctly Noted That Anders Breivik Voluminously Cited Little Green Footballs
Posted by: Marcus at July 30, 2011 03:33 AM (xVZFh)
Posted by: CoolCzech at July 30, 2011 03:38 AM (kUaEF)
When they suspect that someone in the executive dept has done something illegal name a special prosecutor.
If the President exceeds his authority and rules by executive decree impeach him. You if you don't have the balls to do that then an "investigation" is worthless.
Posted by: Vic at July 30, 2011 03:41 AM (M9Ie6)
LOL reminds me of a trip I made to Ohio a few years ago to visit a friend. We stopped to grab some lunch at a Burger King somewhere in the mountains near Pigeon Ford.
Something about it "bothered" me for a while until I noticed it. I told my wife to look around and tell me what was missing. She didn't catch it either.
There wasn't a single minority in the restaurant at all, not one.
Posted by: Vic at July 30, 2011 03:45 AM (M9Ie6)
Posted by: Mr. Dave at July 30, 2011 03:50 AM (KaiHM)
Posted by: Mr. Dave at July 30, 2011 07:50 AM (KaiHM)
Yeah, he is superbama and invulnerable to impeachanite because he is shielded by blackdemocratium.
Posted by: Vic at July 30, 2011 03:52 AM (M9Ie6)
Posted by: Vic at July 30, 2011 03:52 AM (M9Ie6)
Posted by: CoolCzech at July 30, 2011 03:54 AM (kUaEF)
I laugh at your conventional wisdom. My wisdom is beyond the ken of mere mortals. Did you not tremble when you saw the polystyrene columns of the ersatz temple erected to my magnificence st the 2008 Democrat Convention? Did you not hear me that I would deighn the ocean level not rise?
In my next term there shall be a great and mighty statue of my likeness, built in Detroit or Cleveland or East St. Louis, withis written at the foundation:
"OBAMANDIAS THE GREAT: Look upon my works and despair! He made America what it is today!"
Posted by: President Barack Hussain Obamandias at July 30, 2011 03:57 AM (hbAPu)
Because March 2010 was in the second quarter of fiscal year 2010, which by those numbers would REALLY help the counter-narrative.
Posted by: Question at July 30, 2011 04:00 AM (gVqQ3)
Posted by: Ghost of Lee Atwater at July 30, 2011 04:01 AM (ye+Aj)
The right of public officials to spend the taxpayers money on stadiums (sweetened with eminent domain and tax breaks) where, just coincidentally, those same public officials often wind up viewing games from the skybox on an unattributable basis, is enshrined in the Constitution.
See the Commerce Clause if you doubt me.
Posted by: Hrothgar at July 30, 2011 04:04 AM (yrGif)
Posted by: x11b1p at July 30, 2011 04:08 AM (nVLlM)
Posted by: CoolCzech at July 30, 2011 04:10 AM (kUaEF)
Already have been. Even the Dems now agree that the MFM is in his pocket.
Posted by: Vic at July 30, 2011 04:11 AM (M9Ie6)
But.it.doesn't.
That's because you idiots won't cooperate. Eat your peas, let me eat my waffle, and do what I tell you to do. It's for your own good.
Posted by: King Putt at July 30, 2011 04:14 AM (ye+Aj)
Posted by: ed at July 30, 2011 04:15 AM (LejjT)
Heh, The Vapid One's© economic numbers are worse than Jimmah Cahtah's?
Somewhere, deep in the Georgia woods, a rabbit is smiling.
Posted by: BackwardsBoy at July 30, 2011 04:20 AM (d0Tfm)
Posted by: CoolCzech at July 30, 2011 08:10 AM (kUaEF)
Comrade, you should know by now that one of the most important rules of Socialism and Communism is that the divide between the deserving ruling class and the undeserving underclasses that need to be guided by the ruling class is supposed to increase. Otherwise, who would staff my dacha?
We do this by a gradual redistribution of wealth so that almost all the peasants are equally impoverished, the middle class (bourgeoisie) are destroyed, the few peasants and members of the MFM that are criminally insane are gradually elevated to the ranks of the elite, and we the elite live in gated communities.
Posted by: S Alinskiiy at July 30, 2011 04:21 AM (yrGif)
LOL reminds me of a trip I made to Ohio a few years ago to visit a friend. We stopped to grab some lunch at a Burger King somewhere in the mountains near Pigeon Ford.
Something about it "bothered" me for a while until I noticed it. I told my wife to look around and tell me what was missing. She didn't catch it either.
There wasn't a single minority in the restaurant at all, not one.
Vic. I was recently in Kalispell, MT at some bbq joint. Couldn't believe that everything was in english, and nothing but white faces.
Posted by: learflyer at July 30, 2011 04:24 AM (9vscO)
Posted by: No Whining at July 30, 2011 04:24 AM (YAJZH)
Posted by: blaster at July 30, 2011 04:24 AM (Fw2Gg)
The problems is once people discover that it is easier to steal from their fellow man for their daily bread than to work, they will steal. The ones who do work get tired of supporting the lazy and indolent, so they join them.
Soon more people are lazing about than are working. That is where we are at now. I also include gov workers of all stripes in that. Even though they are "working" in most cases, they are being supported by the private jobs.
When you reach that point it isn't long before the ultimate collapse. And that is where we are at now.
Posted by: Vic at July 30, 2011 04:33 AM (M9Ie6)
That reminds me of another story that involves the AOS HQ. We had some troll on here (at least I didn't recognize the hash or name) and he was ragging on the "racist South" and how he had grown up in a small town in ME and never even thought about all his black friends as being different.
I went and checks his "small town" in ME. Zero blacks lived there. In fact, that is the normal demographic in ME for small towns. They are whiter than a liberal Democrat convention.
Posted by: Vic at July 30, 2011 04:36 AM (M9Ie6)
Posted by: No Whining at July 30, 2011 04:36 AM (YAJZH)
Last number I heard was 51% don't pay. And think about this, if you add all the gov workers to that what would the percentage be.
Posted by: Vic at July 30, 2011 04:38 AM (M9Ie6)
Couldn't believe that everything was in english, and nothing but white faces.
The white devil, they stole our land and killed our spirit brothers the Wolf and the Buffalo.
Posted by: First Nations Asshat at July 30, 2011 04:42 AM (ogpVS)
Posted by: Vic at July 30, 2011 04:47 AM (M9Ie6)
Bwahahahaha!!11!
Posted by: Barky the Orator at July 30, 2011 04:47 AM (p2IBw)
Posted by: phoenixgirl at July 30, 2011 04:48 AM (eOXTH)
Bwahahahaha!!11!
Posted by: Barky the Orator at July 30, 2011 04:57 AM (p2IBw)
(Now look everyone, put down those pitchforks and hot tar buckets.....and why is that rope tied into a noose?)
Posted by: GnuBreed at July 30, 2011 05:01 AM (bvXGR)
Bwahahahaha!!11!
Posted by: Barky the Orator at July 30, 2011 05:02 AM (p2IBw)
Posted by: phoenixgirl at July 30, 2011 08:48 AM (eOXTH)
Proof is not the only thing in the pudding at AoSHQ!
Posted by: Hrothgar at July 30, 2011 05:04 AM (yrGif)
NPR news segments no longer buffered by soothing zither interludes.
Chevy Volt rebate checks bounce, stranded owners more than 50 miles from outlet.
---
See, if you look hard enough there is a silver lining to the cloud.
Re Vic's link on the Islanders. Does NASCAR extract tax dollars to build new tracks?
Posted by: Retread at July 30, 2011 05:05 AM (G+7cD)
Posted by: Vic at July 30, 2011 05:08 AM (M9Ie6)
Posted by: phoenixgirl at July 30, 2011 05:09 AM (eOXTH)
Posted by: phoenixgirl at July 30, 2011 05:10 AM (eOXTH)
Amazingly, the Republicans' refusal to extend the debt ceiling on Tuesday somehow caused a double-dip recession to begin three months ago.
That is some serious evil the Republicans have got there.
Posted by: stickety at July 30, 2011 05:16 AM (FUDwf)
Tired of this "how dare this be politicized". Of course it is fucking political. There are fundamental differences between the 2.1 parties in power. For instance, it seems the Tea Party has read the Preamble and understands the difference between "Promote the General Welfare" and what will soon be rewritten to read "Provide the General Welfare." Now, if how we spend Federal tax dollars ain't fucking politcal, what the fuck is, Mr. Obama?
Anyone remember him laughing sarcastically about how "debating the debt ceiling and talking tax code" for 15 hours a day for three days is one of his favorite things to do? Real funny, asshole. Admitting that he gives less than half a fuck about American Citizen's hard earned money and making our money a trivial joke.
Posted by: Tickbeard at July 30, 2011 05:18 AM (lHdBc)
Unsustainable spending profile for as far as the rational fiscal eye can see
Lying self-enriching politicians (but I repeat myself)
Establishment politicians in collusion to squash any meaningful reform by upstart radical evil conservatives
An ultra-liberal narcissistic Communist (with delusions of grandeur) in the White House
A majority of the legal and illegal population on the dole
The ability of the dead to rise and vote Dem
Regulation by unchallenged fiat executive order
Criminal unaccountability for massive financial crimes
No border security
Criminals in high positions in the DoJ
Deliberate demoralization and destruction of the US Military
UnConstitutional and Congressionally unchecked misuse of the military by the Executive
Constant uni-directional flow of jobs overseas
Strangulation of US energy development by regulation
But we have passed another milktoast bill in the House, so you all can sleep well tonight (if you make it through the day).
What could possibly go wrong?
Posted by: Hrothgar at July 30, 2011 05:19 AM (yrGif)
Posted by: Jean at July 30, 2011 05:28 AM (X6eYN)
Posted by: Killerdog at July 30, 2011 05:30 AM (Y+EWO)
The American people killed themselves in 2008 by nominating McCain and electing Obama.
This is all just rigor mortis kicking in.
Posted by: TexasJew at July 30, 2011 05:31 AM (qSoqy)
The preamble was written by the Committee on Style after most of the delegates had already left. It was never voted on by the full delegation.
It was always intended simply as an explanation as to why the delegation had written a new Constitution instead of modifying the articles of confederatiion, which is what they were supposed to do.
Posted by: Vic at July 30, 2011 05:32 AM (M9Ie6)
Posted by: at July 30, 2011 05:33 AM (6IV8T)
Posted by: Jean at July 30, 2011 09:28 AM (X6eYN)
Capitalism and free enterprise will survive, somewhere. Maybe not here anymore with a shithead populace that our parents couldn't recognize anymore.
Posted by: TexasJew at July 30, 2011 05:33 AM (qSoqy)
Posted by: GnuBreed at July 30, 2011 07:00 AM (bvXGR)
If we ever do balance the budget, the GDP will take a huge hit, simply because Gov't spending is such a large component. Obama's spending is masking (not very well) a depression.
Posted by: zmdavid at July 30, 2011 05:34 AM (k55gd)
Posted by: fluffy skips the big words at July 30, 2011 05:36 AM (4Kl5M)
Posted by: Vic at July 30, 2011 05:37 AM (M9Ie6)
Posted by: zmdavid at July 30, 2011 05:42 AM (k55gd)
Government spending helps stop the up-and-down business cycle. Engine explosions help stop the up-and-down airplane cycle.
Posted by: Tami at July 30, 2011 05:42 AM (X6akg)
I don't think the income tax numbers (51%) necessarily indicate a tipping point.
Not all of the 51% who don't pay federal income tax are living off the labor of others. There are a whole hell of a lot of people in that 51% who bust their asses making $10-$12 an hour trying to support a family.
Plus, the working poor who are a part of that 51% DO PAY federal taxes in the form of the payroll tax.
As for government workers... you know, some of them DO provide essential services. I don't know that it's fair to throw cops, firemen, court workers, etc. in the same boat with the parasites who use government assistance as a means to avoid working for a living.
Posted by: stickety at July 30, 2011 05:43 AM (FUDwf)
Posted by: sleepless at July 30, 2011 06:00 AM (mexsR)
Posted by: sleepless at July 30, 2011 06:03 AM (mexsR)
Posted by: Al Sharpton, Mel King, Jesse Jackson, local shakedown coalition of phony ministers 666 at July 30, 2011 06:05 AM (ijjAe)
Two vast and trunkless legs stand in the slums
Near them on the trash a shattered visage lies...
Posted by: SurferDoc at July 30, 2011 06:14 AM (STdkO)
Posted by: t-bird at July 30, 2011 06:15 AM (FcR7P)
Posted by: chique d'afrique (the artist formerly known as african chick) at July 30, 2011 06:25 AM (sG+Bw)
Posted by: still sleepless but getting sleepy at July 30, 2011 06:26 AM (mexsR)
Well... let's see. Obama is a raging narcissist surrounded by boot licking sycophants. I'm pretty sure he can carry his act on for as long as necessary. Because, IMHO, he's a true believer.
And he has lots and lots of people saying "It's Bush's fault!"
Posted by: shibiumi at July 30, 2011 06:32 AM (z63Tr)
What are the numbers from the Great Depression? My guess is the numbers now are closer to those than to Carter.
Posted by: shibiumi at July 30, 2011 06:34 AM (z63Tr)
Posted by: Vic at July 30, 2011 09:32 AM (M9Ie6)
It bugs the living shit out me when our President bawls legislators out for "politicizing" the debt ceiling debate. Isn't that what politicians are supposed to do? Debate what our tax dollars should be spent on? Like, bridges to nowhere, labs full of engineers studying the flow rate of ketchup, nice pensions for Weiners, etc. And the Tea Party has been successfully branded as a fringe group that wants zero taxes. Isn't that fucking ridiculous? Of course we need tax. Just not tax to pay for all the shit like I mentioned above.
Anyone our President whining a couple weeks ago about examining our tax code and all that tricky financial stuff associated with federal tax dollars? Searched for the sound bite, but just can't find it anywhere.
Seems the time is right to really get into the nitty gritty of just why exactly the Federal Government exists and why this country was created. Seems the Preamble is a pretty good place to start. Maybe that conversation will happen during the primary and Presidential debates. I, for one, would benefit from gaining a deeper understanding of it all, MINUS, of course, any lying liar revisionist bullshit of course. But how to discern that?
Posted by: Tickbeard at July 30, 2011 06:34 AM (lHdBc)
Posted by: t-bird at July 30, 2011 06:36 AM (FcR7P)
Posted by: really sleepy now at July 30, 2011 06:39 AM (mexsR)
What you think AoS would ever unionize? Hell no!
Posted by: The Donkey Show at July 30, 2011 06:45 AM (ijjAe)
Posted by: Tickbeard at July 30, 2011 06:50 AM (lHdBc)
Posted by: t-bird at July 30, 2011 06:55 AM (FcR7P)
Posted by: going to sleep now at July 30, 2011 07:12 AM (mexsR)
Posted by: CoolCzech at July 30, 2011 08:06 AM (kUaEF)
__________
I was recently in Lima, MT and can't say that. The waitress looked like she had been involved in an explosion at a brown paint factory.
Food was good, though.
Posted by: Anachronda at July 30, 2011 09:36 AM (6fER6)
Posted by: pd at July 30, 2011 03:51 PM (mVdiW)
Posted by: Fire and Rain AudioBook at July 30, 2011 04:52 PM (SU+B4)
Posted by: GHD Straighteners at July 30, 2011 11:13 PM (aLmvz)
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Posted by: WILSON at July 29, 2011 11:56 PM (eESs6)