The Government Prevented us From Going in to a Depression - With Facts!!

[akphidelt]

Alright, let's get back to some logic. What is a recession?

A significant decline in activity across the economy, lasting longer than a few months. It is visible in industrial production, employment, real income and wholesale-retail trade. The technical indicator of a recession is two consecutive quarters of negative economic growth as measured by a country's gross domestic product (GDP)

Alright, so a recession is determined by GDP... what is GDP?

The monetary value of all the finished goods and services produced within a country's borders in a specific time period, though GDP is usually calculated on an annual basis. It includes all of private and public consumption, government outlays, investments and exports less imports that occur within a defined territory.

Notice how Government outlays are included in GDP. This is Government Spending - Taxes.... aka deficit spending.


What is a Depression?

A depression is any economic downturn where real GDP declines by more than 10 percent.

So let's look at the facts.

Real GDP
2008 - $13.161 trillion
2009 - $12.703 trillion
2010 - $13.088 trillion

Deficit Spending
2009 - $1.41 trillion
2010 - $1.29 trillion

If the Government did not run a $1.41 trillion deficit in 2009 our GDP would have been...
$11.3 trillion

That is a 17% drop in GDP from 2008 to 2009. We would have been in a deep depression right now, if it were not for the Government. Please send letters to George Bush and Barack Obama thanking them for preventing a Depression!

Bare in mind, this does not take in to account the velocity of money in the $1.41 trillion of deficit spending contributed to. We could very well be looking at a much lower GDP, if it were not for this spending.

 

[bodyforlife]

This must be the joke thread. OK, here's mine (but yours is funnier)....

Obama goes to a primary school to talk to the kids to get a little PR. After his talk he offers question time. One little boy puts up his hand and Obama asks him his name.

"Walter," responds the little boy.

"And what is your question, Walter?"

"I have 4 questions:

First, why did the USA Bomb Libya without the support of the Congress? Second, why do you keep saying you fixed the economy when it's actually worse? Third, why did you say that Jeremiah Wright was your mentor, then said that you knew nothing about his preachings and beliefs? Fourth, why are we so worried about Brazil drilling for oil, but we aren't allowed to?"

Just then, the bell rings for recess. Obama informs the kiddies that they will continue after recess. When they resume Obama says, "OK, where were we? Oh, that's right: question time. Who has a question?"

Another little boy puts up his hand. Obama points him out and asks him his name.

"Steve," he responds.

"And what is your question, Steve?"

Actually, I have 6 questions.

First, why did the USA Bomb Libya without the support of the Congress? Second, why do you keep saying you fixed the economy when it's actually worse? Third, why did you say that Jeremiah Wright was your mentor, then said that you knew nothing about his preachings and beliefs? Fourth, why are we so worried about Brazil drilling for oil, but we aren't allowed to? Fifth, why did the recess bell go off 20 minutes early? And sixth, what happened to Walter ?"

 

[akphidelt]

Lol, BFL doesn't like facts!! Now that is comedy gold!

 

[bodyforlife]

Now this one might have a chance. What do you guys think? Funnier than Aki's?

A man jumped the White House fence, but after a brief chase, the Secret Service was able to talk President Obama into coming back and finishing his term.

 

[akphidelt]

Lol, BFL is so caught up in his hatred for the Government that he will not even engage in a substantiated argument over actual facts. This is what the Tea Party has come down to. Just a bunch of idiots that refuse to listen to anything that they don't want to. Embarrassing!! BFL you are a fucking disgrace to this country! Now that is comedy!

 

[bodyforlife]

OK, this one's got to be better than Aki's.

Idea for a t-shirt.....

Vote Republican and only be called a racist one more time!

 

[Dave007inVegas]

oops, ak getting his pooper packed.

end of thread.

 

[festeringZit]

Yeah man, Obama was the "epitome of perfection" in handling the recession.

Fucking comedy gold.

You have zero credibility akphidelt, until you recant that stupidity.

 

[Dave007inVegas]

Yeah man, Obama was the "epitome of perfection" in handling the recession.

Fucking comedy gold.

You have zero credibility akphidelt, until you recant that stupidity.

Zit, it’s fairly clear, no one gives a fuck about anything AK posts.

And this thread shows it.

 

[FrankieCarbone]

There's no guarantee where are out of this yet. They may have just delayed the inevitable. If they would have let the free market work, yes there would have been a deeper depression, but the shit could have been cleared out, and people would know where the real economy stands without all the artificial stim from the Fed. We could have began the process of rebuilding with a lot of the uncertainty gone.

Alright, let's get back to some logic. What is a recession?



Alright, so a recession is determined by GDP... what is GDP?


Notice how Government outlays are included in GDP. This is Government Spending - Taxes.... aka deficit spending.


What is a Depression?



So let's look at the facts.

Real GDP
2008 - $13.161 trillion
2009 - $12.703 trillion
2010 - $13.088 trillion

Deficit Spending
2009 - $1.41 trillion
2010 - $1.29 trillion

If the Government did not run a $1.41 trillion deficit in 2009 our GDP would have been...
$11.3 trillion

That is a 17% drop in GDP from 2008 to 2009. We would have been in a deep depression right now, if it were not for the Government. Please send letters to George Bush and Barack Obama thanking them for preventing a Depression!

Bare in mind, this does not take in to account the velocity of money in the $1.41 trillion of deficit spending contributed to. We could very well be looking at a much lower GDP, if it were not for this spending.

 

[akphidelt]

There's no guarantee where are out of this yet. They may have just delayed the inevitable. If they would have let the free market work, yes there would have been a deeper depression, but the shit could have been cleared out, and people would know where the real economy stands without all the artificial stim from the Fed. We could have began the process of rebuilding with a lot of the uncertainty gone.

Do you have any analysis or any math what so ever that shows where we would be by letting the free market clear itself out? I don't think you guys quite understand the devastation that a free market does to itself on it's path to a depression. I just honestly can not fathom your guys distrust for mathematics and economists.

 

[akphidelt]

Obviously this thread got under a few people's skins. The more pure utterly nonsensical responses I get, the more truthful the thread actually is. Must suck to be dumb!! Zit, can you write me a paper on what it's like to be dumb?

 

[paftraft]

Lol, BFL doesn't like facts!! Now that is comedy gold!

So according to your facts Obama is such a standout that in 30 or so years they'll change the name of
Pennsylvania Avenue to Barak Boulevard.
How about this: St. Petersburg Russia was renamed LENINGRAD to honor Russia first Communist Leader, maybe we should rename Washington, D.C. OBAMAGRAD after our first Communist Leader. Afterall
Obama does seem to know a thing or two about Czars!

 

[bodyforlife]

So according to your facts Obama is such a standout that in 30 or so years they'll change the name of
Pennsylvania Avenue to Barak Boulevard.
How about this: St. Petersburg Russia was renamed LENINGRAD to honor Russia first Communist Leader, maybe we should rename Washington, D.C. OBAMAGRAD after our first Communist Leader. Afterall
Obama does seem to know a thing or two about Czars!

A major freeway in California is named after the great Ronald Reagan. After he leaves office, Chicago should name a dead end after Barack Obama!

 

[akphidelt]

So according to your facts Obama is such a standout that in 30 or so years they'll change the name of
Pennsylvania Avenue to Barak Boulevard.
How about this: St. Petersburg Russia was renamed LENINGRAD to honor Russia first Communist Leader, maybe we should rename Washington, D.C. OBAMAGRAD after our first Communist Leader. Afterall
Obama does seem to know a thing or two about Czars!

I've never said Obama is a such a standout. I just apply mathematics, economics, and reason behind his situation as President. Unlike you guys, I care more about the country than my party winning the game. I honestly could care less if a Republican won the Presidency... because behind the scenes there are all these incredibly smart and intelligent, educated humans that tell these politicians the effects of their decisions. Well except for the Tea Party, they simply just "believe" in things.

 

[Willie99]

Begging the Question is a fallacy in which the premises include the claim that the conclusion is true or (directly or indirectly) assume that the conclusion is true. This sort of "reasoning" typically has the following form.

Premises in which the truth of the conclusion is claimed or the truth of the conclusion is assumed (either directly or indirectly).
Claim C (the conclusion) is true.
This sort of "reasoning" is fallacious because simply assuming that the conclusion is true (directly or indirectly) in the premises does not constitute evidence for that conclusion. Obviously, simply assuming a claim is true does not serve as evidence for that claim. This is especially clear in particularly blatant cases: "X is true. The evidence for this claim is that X is true."

fratfraudfringer is just not the sharpest tool in the shed

 

[DowntownMickeyBrown]

Explain this AK

 

[snoop]

deficit spending is equivalent with either growth or dip in GDP number. Lol.

this kid is beyond stupid.

 

[Dave007inVegas]

Obviously this thread got under a few people's skins. The more pure utterly nonsensical responses I get, the more truthful the thread actually is. Must suck to be dumb!! Zit, can you write me a paper on what it's like to be dumb?

You noticed that too? Without all the contributors this would have been just another useless regurgitation of your English professors idol thoughts.

 

[superbeets]

no worries we are rich