General Discussion

nanabugg

(2,198 posts) Thu May 31, 2012, 05:33 PM May 2012

"Economy GREW less than expected" is being reported as bad and negative news for Obama???WTF???

The media reports all and any slight positive news for the administration as really BAD, BAD news for the country. Does anyone understand the operative word here is "grew"? Plus do people understand compound growth. It's like EXXON reporting that they suffered losses when their profits were only 30% of last year's profit when last year's profit was at record levels and a 400% increase over the previous year.

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"Economy GREW less than expected" is being reported as bad and negative news for Obama???WTF??? (Original Post) nanabugg May 2012 OP

Translation: The economy didn't do as bad as we had hoped. HubertHeaver May 2012 #1

Exactly ... 1StrongBlackMan May 2012 #2

Considering our media is controlled by Obama hating billionaires who were out to destroy him day one... Initech May 2012 #3

But we HAVE to increase profits 10% per quarter! EVERY quarter! Wall Street said so! Buns_of_Fire May 2012 #4

It would have been headline news from 2001-2009 sofa king May 2012 #5

You must not have read newspapers during that period. former9thward May 2012 #7

No, I just had no personal experience of such a thing. sofa king Jun 2012 #8

When are you cheerleaders going to recognize.. sendero May 2012 #6

HubertHeaver

(2,539 posts)

1. Translation: The economy didn't do as bad as we had hoped.

Reply to nanabugg (Original post)

Thu May 31, 2012, 05:37 PM

May 2012

With all the obstructions, is still grew, damnit.

1StrongBlackMan

(31,849 posts)

2. Exactly ...

Reply to nanabugg (Original post)

Thu May 31, 2012, 05:42 PM

May 2012

I heard this reported on NPR this morning with (I think) Mara explaining how this growth is bad news because it is a sign of a slow down.

Ironically, the very next story was about the gop's threat to hold the debt ceiling hostage, again, and the shaking of consumer and business confidence it had last time around.

We can only hope that We D. People can do the math ... gop + obstruction = economic uncertainty; And, economic uncertainty = slow-down in economic growth; therefore, economic slow-down = gop and/or obstruction.

Initech

(108,648 posts)

3. Considering our media is controlled by Obama hating billionaires who were out to destroy him day one...

Reply to nanabugg (Original post)

Thu May 31, 2012, 05:50 PM

May 2012

It doesn't surprise me in the least that they are blaming everything they can on him - despite that former president Larry The Cable Guy and his disastrous policies put us in this shit to begin with.

Buns_of_Fire

(19,138 posts)

4. But we HAVE to increase profits 10% per quarter! EVERY quarter! Wall Street said so!

Reply to nanabugg (Original post)

Thu May 31, 2012, 06:44 PM

May 2012

And 9 out of 10 metastasizing cancer cells agree!

sofa king

(10,857 posts)

5. It would have been headline news from 2001-2009

Reply to nanabugg (Original post)

Thu May 31, 2012, 06:48 PM

May 2012

I don't recall seeing such a thing.

former9thward

(33,424 posts)

7. You must not have read newspapers during that period.

Reply to sofa king (Reply #5)

Thu May 31, 2012, 06:58 PM

May 2012

sofa king

(10,857 posts)

8. No, I just had no personal experience of such a thing.

Reply to former9thward (Reply #7)

Fri Jun 1, 2012, 01:52 PM

Jun 2012

The First Bush Recession never ended for me.

sendero

(28,552 posts)

6. When are you cheerleaders going to recognize..

Reply to nanabugg (Original post)

Thu May 31, 2012, 06:54 PM

May 2012

... that the "growth" we've had the last 3 years is SO INFINITESIMALLY SMALL that at this rate it would take 20 years to complete a "recovery"?

Seriously, our "growth" is so low it is practically a rounding error away from not being growth.

There IS no RECOVERY, the crappy economy DOES work against Obama and not everything you read in the media is wrong.

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