U.S. Economy Grew at 1% Rate in Fourth Quarter

[All Along The Watchtower]

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http://www.nytimes.com/aponline/2016/02/26/us/politics/ap-us-economy-gdp.html?_r=0

[James Bond 007]

During Bush's first term in the 3rd quarter of 2003, the economy grew at 7.2%.  I miss those days.

[Ebsy]

During Bush's first term in the 3rd quarter of 2003, the economy grew at 7.2%.  I miss those days.

God are you serious?

[James Bond 007]

During Bush's first term in the 3rd quarter of 2003, the economy grew at 7.2%.  I miss those days.

God are you serious?

Look it up.

[King]

The third quarter of 2003. The peak of American exceptionialism.

[Classic Conservative]

Ah, don't you just love the Obama Economy.

[Clarko95 📚💰📈]

During Bush's first term in the 3rd quarter of 2003, the economy grew at 7.2%.  I miss those days.

God are you serious?

Look it up.

Clearly what we need is another massive housing bubble to fix the aftermath of a huge recession in no small part caused by a massive housing bubble.

[King]

The days of 7.2 percent quarter gdp growth were great, until the days of 8 percent gdp decline like 4th quarter 2008 happen to correct it.

[James Bond 007]

The days of 7.2 percent quarter gdp growth were great, until the days of 8 percent gdp decline like 4th quarter 2008 happen to correct it.

Consumer confidence died when Democrats seized the thrown in the 2006 midterms.  That's like saying the economic boom in the 90's was corrected when the stock market began to drop in March of 2000 dawning what I call the Clinton/Gore recession.

[King]

The days of 7.2 percent quarter gdp growth were great, until the days of 8 percent gdp decline like 4th quarter 2008 happen to correct it.

Consumer confidence died when Democrats seized the thrown in the 2006 midterms.  That's like saying the economic boom in the 90's was corrected when the stock market began to drop in March of 2000 dawning what I call the Clinton/Gore recession.

lol the housing market collapse had nothing to do with consumer confidence. the bubble just got so large we ran out of consumers

[Ebsy]

The days of 7.2 percent quarter gdp growth were great, until the days of 8 percent gdp decline like 4th quarter 2008 happen to correct it.

Consumer confidence died when Democrats seized the thrown in the 2006 midterms.  That's like saying the economic boom in the 90's was corrected when the stock market began to drop in March of 2000 dawning what I call the Clinton/Gore recession.

lol the housing market collapse had nothing to do with consumer confidence. the bubble just got so large we ran out of consumers

There were only so many hookers to offer subprime mortgages to.

[James Bond 007]

The days of 7.2 percent quarter gdp growth were great, until the days of 8 percent gdp decline like 4th quarter 2008 happen to correct it.

Consumer confidence died when Democrats seized the thrown in the 2006 midterms.  That's like saying the economic boom in the 90's was corrected when the stock market began to drop in March of 2000 dawning what I call the Clinton/Gore recession.

lol the housing market collapse had nothing to do with consumer confidence. the bubble just got so large we ran out of consumers

I wasn't relating the two.  The housing market collapsed because of a foreseen problem that Bush called on congress to fix in 2003 as part of his tax cuts but the Democrats filibustered it.  A couple years later, John McCain had a bill to fix the housing market that didn't make it to the floor.  Anyhow, the only problem was that people were taking out loans who had no intention of ever paying them back knowing that the lenders had to meet quotas.  A certain number of minorities had to receive loans.  This was started by Clinton and the Republicans in 1996.  We had hookers, prostitutes, crack whores, single mothers, gangs, illegal immigrants, and ACORN living in giant mansions which should've been left to those who could afford them or turned into homeless shelters if foreclosed on.  Eventually, the banks had to call in their loans. It was on Bush's watch and everyone blamed him.  Hillary Clinton voted for the bailout after receiving sweetheart deals from the lenders she voted to bail out.

[jaichind]

Speaking of the housing crisis of 2008-2009 we have this from late last year

Obama Makes New Push for Minority Mortgages

http://www.breitbart.com/big-government/2015/09/24/obama-makes-new-push-minority-mortgages/

You cannot have it both ways. Either credit is rationed through the market based on credit risk in which case it will be directed disproportionately away from URM or you have a moral hazard of the government picking up the bill and pushing the credit risk to the taxpayers. 

[Kingpoleon]

Is it possible if we loosened regulations during periods of growth that we could increase growth dramatically and then slam regulations back down once growth slows enough or signs of a possible recession occur?

[Fmr. Pres. Duke]

Here comes the recession

[jaichind]

Here comes the recession

Why makes you say that?  While the post 2008 recession have and continues to be very weak and we will see fairly weak growth this and next year I do not see any signs of downturn in turns of negative growth.  It will be a period of very low growth and very low inflation with fairly static wages.  For a majority of the economic population it might almost be the same as a recession but that does not actually mean negative economic growth is coming anytime soon in my view.

[jaichind]

Actually this just came in

Junk Risk Spikes as Recession Odds at Post-Crisis High, UBS Says
http://www.bloomberg.com/news/articles/2016-06-07/junk-risk-spikes-as-recession-odds-at-post-crisis-high-ubs-says

UBS estimates there is a 34% chance of a recession by the first quarter of 2017.  The 2016 Presidency will most likely be a poison chalice. 

[RFayette]

Is it possible if we loosened regulations during periods of growth that we could increase growth dramatically and then slam regulations back down once growth slows enough or signs of a possible recession occur?

The problem is that once a speculative bubble has burst, the new regulations only will help in the event of preventing the next recession, not lessening the current one.

[True Federalist (진정한 연방 주의자)]

Actually this just came in

Junk Risk Spikes as Recession Odds at Post-Crisis High, UBS Says
http://www.bloomberg.com/news/articles/2016-06-07/junk-risk-spikes-as-recession-odds-at-post-crisis-high-ubs-says

UBS estimates there is a 34% chance of a recession by the first quarter of 2017.  The 2016 Presidency will most likely be a poison chalice. 

Only if it is a lengthy recession.  As it is, if a recession starts in the fourth quarter of this year, it won't affect the election but it will allow the incoming President and Congress to deflect blame.

[jaichind]

Actually this just came in

Junk Risk Spikes as Recession Odds at Post-Crisis High, UBS Says
http://www.bloomberg.com/news/articles/2016-06-07/junk-risk-spikes-as-recession-odds-at-post-crisis-high-ubs-says

UBS estimates there is a 34% chance of a recession by the first quarter of 2017.  The 2016 Presidency will most likely be a poison chalice. 

Only if it is a lengthy recession.  As it is, if a recession starts in the fourth quarter of this year, it won't affect the election but it will allow the incoming President and Congress to deflect blame.

Perhaps. At this stage for a recession to technically start in Q4 the stock market would have to start falling in the next couple of months.  As for blame it would depends on when the general population feel the economic pain of a recession.  Back in 2007-2009 the market peaked in Oct 2007 and at the technical level the recession started in Q1 2008 although the pain of the recession did begin to be felt until in Q3 2008, in dramatic fashion.

The inflation swap traders seems to also have priced in an economic slowdown if not recession of some sort to in place by end of 2017.  The consensus of various economists working at financial institutions has GDP growth at around 1.9% in 2016, 2.3% in 2017, and 2.3% in 2018 with inflation at 1.3% in 2016, 2.3% in 2017 and, 2.3% in 2018.  The inflation swap traders seems to agree with the 2016 and 2017 inflation numbers but price in an inflation of around 1.5% for 2018.  The only real reason why they will price it this way is that they assume there will be a significant economic slowdown in 2017 so that by 2018 overall demand is low enough that inflation will fall below the Fed target of 2.0%.  The variosu economists does not seem to agree.  We will see by end of 2017 who is right.

[Taco Truck 🚚]

We had hookers, prostitutes, crack whores, single mothers, gangs, illegal immigrants, and ACORN living in giant mansions which should've been left to those who could afford them or turned into homeless shelters if foreclosed on.

ACORN and gangs were responsible for the high end condo bubble in Florida?

This forum is Stormfront Light.

[Weiner/Holder]

Very shameful!  This is the first administration to not see a quarter of growth above 3%. 

[Ebsy]

Very shameful!  This is the first administration to not see a quarter of growth above 3%.  

In Q3 of 2014 the economy grew at a rate of 3.5% you stupid troll.

[jaichind]

Very shameful!  This is the first administration to not see a quarter of growth above 3%.  

In Q3 of 2014 the economy grew at a rate of 3.5% you stupid troll.

I think he means real GDP YOY.  In Q3 2014 the Constant Dollar GDP YOY SA growth was 2.9%.  To be fair to the Obama administration in Q3 2010 Constant Dollar GDP YOY SA growth was 3.1%.  But yes, I think that the highest Constant Dollar GDP YOY SA growth of this administration is easily the lowest by far of all administrations since 1948 when the USA even started to keep consistent quarterly GDP growth figures.   

[Kingpoleon]

During Bush's first term in the 3rd quarter of 2003, the economy grew at 7.2%.  I miss those days.

God are you serious?

Look it up.

How to make an argument:
1. Google "Best growth term under Bush"
2. Copy/paste