Author Topic: U.S. economy contracted almost 3% in first quarter  (Read 317 times)

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Offline rangerrebew

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U.S. economy contracted almost 3% in first quarter
« on: June 25, 2014, 10:16:02 AM »
"Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports. In vain would that man claim tribute to patriotism who should labor to subvert these great pillars of human happiness -- these firmest props of the duties of men and citizens. . . . reason and experience both forbid us to expect that national morality can prevail in exclusion of religious principles."
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"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
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Online Bigun

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #1 on: June 25, 2014, 10:18:26 AM »
Anyone surprised??

Offline GourmetDan

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #2 on: June 25, 2014, 10:29:00 AM »

If that's just the quarter and not annualized, 3% is a huge contraction.  Not good at all...


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Online Bigun

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #3 on: June 25, 2014, 12:46:18 PM »
If that's just the quarter and not annualized, 3% is a huge contraction.  Not good at all...

Gee! You really think so? The White House is jubilant over it since they are now sure that what they have been trying to do for six years now is working!!
« Last Edit: June 25, 2014, 12:51:36 PM by Bigun »

Offline Chieftain

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #4 on: June 25, 2014, 12:49:38 PM »
#BlameBush'sWeatherMachine

 :smokin:

Online Bigun

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #5 on: June 25, 2014, 12:59:49 PM »
Here is why it happened if anyone is interested!


Offline Chieftain

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #6 on: June 25, 2014, 01:02:44 PM »
That makes no sense Bigun......how is that possible???

Online Bigun

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #7 on: June 25, 2014, 01:17:09 PM »
That makes no sense Bigun......how is that possible???

It is possible because Healthcare services have gone from contributing to the economy to a DRAG on the economy!

Offline rangerrebew

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Re: U.S. economy contracted almost 3% in first quarter
« Reply #8 on: June 25, 2014, 01:22:58 PM »
It is possible because Healthcare services have gone from contributing to the economy to a DRAG on the economy!

Kind of like the person for which it is named? :peeonobama:
"Of all the dispositions and habits which lead to political prosperity, religion and morality are indispensable supports. In vain would that man claim tribute to patriotism who should labor to subvert these great pillars of human happiness -- these firmest props of the duties of men and citizens. . . . reason and experience both forbid us to expect that national morality can prevail in exclusion of religious principles."
George Washington

"Only a virtuous people are capable of freedom. As nations become more corrupt and vicious, they have more need of masters."
Benjamin Franklin


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