April 30, 2012

Election May Be Over on October 26, 2012
— Ace

A little earlier than scheduled -- because on that day the quarterly GDP growth estimate for the 3rd Quarter.

And it appears that the economy is slowing -- and it was already stagnant.

Now you may wonder if Obama would permit any sort of 1% or lower reading on the economy, or would demand it be fudged upwards.

But that's a silly thing to wonder. Of course he'll demand it be "revised."

[A Goldman forecaster] said she agrees with Goldman economist Jan Hatzius’s forecast of the second half being more “difficult” than the first. “We have seen some deceleration in economic activity” after a mild winter that might have “puffed up” seasonal growth in the first quarter, she said.

Pethokoukis almost exclaims:

Wait, the second half will be “more difficult” than the first? We might be lucky to have 2% growth in the first half.

This may be the best Obama can do.

But it's not the best America can do.

As Goes California... ...so goes the nation?

A lot of people throw the word "unsustainable" around without really appreciating its simple meaning: This will not be sustained. It will end.


Posted by: Ace at 11:21 AM | Comments (166)
Post contains 204 words, total size 2 kb.

1 They'll prop it up as high as they can for the next week and then revise it down once the election is over.

Posted by: EC at April 30, 2012 11:23 AM (GQ8sn)

2 But it's not the best America can do.

Sure it is!  Just ask George Soros.

Posted by: Sean Bannion at April 30, 2012 11:23 AM (sbV1u)

3 Don't worry. Those the Green Economy is going to kick in any second now.

Posted by: Barack Obama at April 30, 2012 11:23 AM (Q1lie)

4 Tell Geithner to go to 105% on the printing presses.

Posted by: EC at April 30, 2012 11:24 AM (GQ8sn)

5 You seem to be working on the assumption that they won't find some way to delay or fudge the numbers.

Posted by: joncelli, heartless Con and all around unpleasant guy at April 30, 2012 11:26 AM (RD7QR)

6 OT: Don't we need a thread to mock the new "Forward" slogan?

Posted by: Mayday at April 30, 2012 11:26 AM (orrLR)

7 We should probably skip the election, the economy is doing so well.

Posted by: Jay Carny at April 30, 2012 11:26 AM (z9HTb)

8 Goldman is Obamas and the dems big bank. It us be orders of magnitude worse than they say it is

Posted by: thunderb at April 30, 2012 11:27 AM (Dnbau)

9 4 Tell Geithner to go to 105% on the printing presses.

Posted by: EC at April 30, 2012 04:24 PM (GQ8sn)


Keptin! Me printing presses canna take nae more!

Posted by: Timmy "Scotty" Geithner at April 30, 2012 11:27 AM (RD7QR)

10 OT - Sorry Toronto that so soon but MM has a post up about the crap Cantor and Lugar are pulling in In. Check it out, especially you Hoosiers, then come right back. Back to you ace.

Posted by: teej at April 30, 2012 11:27 AM (auda5)

11 I'll just say it, and get it over with for ya. It's my fault.

Posted by: George Bush at April 30, 2012 11:28 AM (HOOye)

12 I thought we were supposed to put it in D rive to get the car out of the ditch.  Now were supposed to kick it as well?

Posted by: Jean at April 30, 2012 11:29 AM (WkuV6)

13 Why should they stop cooking the numbers now? That wouldn't be the Chicago way™. They came up with 2.2% growth using 1.54% inflation (Boy, is that a load of crap). If you follow the trend from the last 3 quarters you would have to subtract 2.6%. hat leaves ZERO growth last quarter and the UK has already slipped into a double dip recession while Europe collapses.

Posted by: Daybrother at April 30, 2012 11:29 AM (g1fN1)

14 Toronto? Sometimes this phone really ticks me off.

Posted by: teej at April 30, 2012 11:29 AM (auda5)

15

We're gonna need a bigger printing press.

Posted by: Ben "Brody" Bernanke at April 30, 2012 11:29 AM (v+QvA)

16 Those mathematical formulas just don't understand me.

Posted by: Barack "I am smarter than you" Obama at April 30, 2012 11:30 AM (HOOye)

17 I suspect that polls, economic growth, etc, are all irrelevant.  Obama and his team are going to do their best to Franken the election.

Posted by: BeckoningChasm at April 30, 2012 11:30 AM (i0App)

18
If things get better or remain the same, Obama will win.

If Romney can't out-fund-raise Obama for at least one period (month or quarter), Obama will win.

If Romney doens't lead Obama by > MOE right before election, Obama will win.

To recap:
Romney must raise more money than Obama for a single month; must lead in a poll by greater than the MOE; and the economy and gas must remain the same or get worse to defeat Obama.


Posted by: soothie at April 30, 2012 11:30 AM (G/zuv)

19 Why should they stop cooking the numbers now? That wouldn't be the Chicago way™. They came up with 2.2% growth using 1.54% inflation (Boy, is that a load of crap). If you follow the trend from the last 3 quarters you would have to subtract 2.6%. hat leaves ZERO growth last quarter and the UK has already slipped into a double dip recession while Europe collapses.


We have increased our boot production by 150,000 additional units this past month.

Posted by: EC at April 30, 2012 11:30 AM (GQ8sn)

20 brb, settin' fire to the car in the ditch

Posted by: lolobama at April 30, 2012 11:30 AM (v+QvA)

21

Obama : America's very own Akhenaten.

Posted by: garrett at April 30, 2012 11:31 AM (kZta5)

22 We've had all the control knobs relabeled to go to 11 so all the presses are 1 faster.

Posted by: Timmy "Nigel" Geithner at April 30, 2012 11:31 AM (tf9Ne)

23 The new economy is a zip-line.  The greater the downward angle the better.

Posted by: Bob Saget at April 30, 2012 11:31 AM (SDkq3)

24 Boned.

Posted by: that guy that always thinks we're boned at April 30, 2012 11:31 AM (NG097)

25 >>You seem to be working on the assumption that they won't find some way to delay or fudge the numbers.

Or that voters understand arithmetic.

Posted by: HeatherRadish at April 30, 2012 11:32 AM (ZKzrr)

26
I've could have sworn that early in the year economist were projecting a slow but steady growth.
Must use the same methodology use in global warming.

Posted by: YIKES! at April 30, 2012 11:32 AM (eXigD)

27 “We have seen some deceleration in economic activity” after a mild winter that might have “puffed up” seasonal growth in the first quarter, she said.





Saying this economy is decelerating is like saying a car is reducing its speed from 3 to 2 MPH.

Posted by: TheQuietMan at April 30, 2012 11:32 AM (1Jaio)

28 Why are all the libs, now, looking at me with such hunger in their eyes?

Posted by: BO at April 30, 2012 11:32 AM (HOOye)

29

A Slower Economy Means America Is Calmer

Posted by: NPR at April 30, 2012 11:32 AM (v+QvA)

30 Pethokoukis tweeted that some people in the know said that 2 qtr GDP may be a big fat 0

Posted by: Bruce at April 30, 2012 11:32 AM (iqUtl)

31 This fucked economy is fucked thanks to those fuckers, the 52%.

Posted by: eureka! at April 30, 2012 11:32 AM (81yf8)

32 Strong Economic Decline Is Desirable Because It Sets Up A More Dramatic Rebound

Posted by: NPR Headlines at April 30, 2012 11:32 AM (eHIJJ)

33

Oh boy, whose ready for QE3 and QE4 before Obummer leaves office?

All you dying boomers are going to leave me with hyper-inflation that makes Carter look like the golden days aren't you?  On the upside I plan on inflating my mortgage out of existance! (It's the strangest economic strategy I've ever arrived at, but I figure if I buy now, lock in at 2012 dollars, in about 10 years I'll be able to pay off the mortgage with 1 year's salary or less.)

Posted by: tsrblke at April 30, 2012 11:32 AM (22rSN)

34 brb, settin' fire to the car in the ditch Posted by: lolobama

You want to to stand here and sip my Slurpee while you do that?

Posted by: Typical Republican at April 30, 2012 11:33 AM (sbV1u)

35
Joe Biden: Obama has a backbone like a ramrod.


Posted by: soothie at April 30, 2012 11:33 AM (G/zuv)

36 6 OT: Don't we need a thread to mock the new "Forward" slogan?

Posted by: Mayday at April 30, 2012 04:26 PM (orrLR)

 

We need the Obama bus, and a cliff.  That should be sufficient.

Posted by: buzzion at April 30, 2012 11:33 AM (GULKT)

37 You can run, but you cannot hide.

Posted by: the math at April 30, 2012 11:34 AM (NG097)

38 I keep telling Some People here to stop wetting their pants.


Unless Romeny morphs into McCain, he defeats Hussein


and the bitter tears of so many libs will taste so sweet.........

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:34 AM (Dll6b)

39

*puts on tin foil hat*

 

The media simply won't report it. Or they'll report it with caveats.

 

Posted by: Ben at April 30, 2012 11:34 AM (wuv1c)

40
Where, oh where will our little Chicago eater of dogs go afterwards?

Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at April 30, 2012 11:34 AM (UzjcV)

41 By October 26, it will be set.  No economic numbers will sway people.  People either feel the Obama economy or they don't.

Posted by: AmishDude at April 30, 2012 11:34 AM (T0NGe)

42 >>Posted by: the math

Racist.

Posted by: HeatherRadish at April 30, 2012 11:34 AM (ZKzrr)

43 Forward!!!11!!! to DOOM!!!11!!

Posted by: Death , Taxes, & SMOD2012 at April 30, 2012 11:34 AM (KVFSn)

44 The MSM is doing their best to "hide the decline".

Posted by: maddogg at April 30, 2012 11:35 AM (OlN4e)

45 TARP 4 : The Ultimate Griftening

Posted by: garrett at April 30, 2012 11:35 AM (kZta5)

46 The Economy is RAAAAACIST.....

Posted by: Teresa in Fort Worth, TX at April 30, 2012 11:35 AM (0xqzf)

47 We have increased our boot production by 150,000 additional units this past month. Posted by: EC The Wookie is pushing new mandatory neck exercises. "Shoes for industry, shoes for defense."

Posted by: Daybrother at April 30, 2012 11:35 AM (g1fN1)

48 Look! Squirrel!

Posted by: Forcasting NPR Headlines at April 30, 2012 11:36 AM (eHIJJ)

49
Was last week that the Brits announced that they are officially heading into a double recession or are in one right now?

Posted by: YIKES! at April 30, 2012 11:36 AM (eXigD)

50 The Repunks will authorize another year of unemployment and a higher debt ceiling, ramping up the printing presses to bail Barry out and Boehner won't even bawl about it.

Posted by: Jon EF'n kerry or SubMitt at April 30, 2012 11:36 AM (vXqv3)

51 Ds Zero gonna start hollering STIMULOUS again. Its all they got, and it ain't shit.

Posted by: maddogg at April 30, 2012 11:36 AM (OlN4e)

52 My state is sooo DOOMED

Posted by: MikeTheMoose Troll Hunter! at April 30, 2012 11:36 AM (0q2P7)

53 FORWARD!

Posted by: ConcealedKerry or SubMitt at April 30, 2012 11:37 AM (vXqv3)

54 Barack Obama is a stuttering clusterf*ck of a miserable tyrant.

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 30, 2012 11:37 AM (8y9MW)

55 Britain's economy 'retracted' in the first quarter.  --'Question' time' in Parliament last week was a hoot.


Our economy is wallowing, barely avoiding retraction  ( retraction is Bad )

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:37 AM (Dll6b)

56 Surely the chocolate ration will be raised though, so we have that going for us.

Posted by: toby928 beating memes to death since 2006 at April 30, 2012 11:37 AM (NG097)

57 "As Goes California... ...so goes the nation?" Which is especially scary since they seem incapable of learning from their mistakes. Economy in the tank because of increased taxes, increased government regulation, out of control spending. Large numbers of their voters continue to support the policies that have screwed them over. Businesses run like hell out of their state, so they still want hyper regulation and high taxation.

Posted by: nerdygirl at April 30, 2012 11:37 AM (ZQGG7)

58 Once again, wingers celebrate the decline of the American economy.

And who's the patriot here?

Posted by: gRunginess at April 30, 2012 11:38 AM (gCa4h)

59 BTW, that line is really effective:  This may be the best Barack Obama can do, but it's not the best America can do.  Romney needs to keep pounding that.  It will work.  It's the instant answer to all the huffing and puffing from the White House over every tiny sliver of decent economic news.

Posted by: rockmom at April 30, 2012 11:38 AM (aBlZ1)

60 Was last week that the Brits announced that they are officially heading into a double recession or are in one right now?

Yes.

Posted by: AmishDude at April 30, 2012 11:38 AM (T0NGe)

61 I miss Monty.  This really needed to be in a DOOM! post.

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 30, 2012 11:38 AM (8y9MW)

62

People either feel the Obama economy or they don't.

 

We're feeling it all right, good and hard.

 

Is that sand?

Posted by: BackwardsBoy at April 30, 2012 11:38 AM (d0Tfm)

63 The Republic of Texas sounds better every minute.

Posted by: toby928 at April 30, 2012 11:38 AM (NG097)

64

Where, oh where will our little Chicago eater of dogs go afterwards?

 

On to Kenya - where he made sure that their new Constitution stated that a person could be elected President there as long as one of their parents was a Kenyan citizen.  No residency requirements or nuthin' - a person can  live their entire life in another country, and still be eligible to run for the office.

 

The ego on this cretin is off the charts.....

Posted by: Teresa in Fort Worth, TX at April 30, 2012 11:39 AM (0xqzf)

65 Don't worry.  Be happy.

Posted by: Soona at April 30, 2012 11:39 AM (AZdM4)

66 Lowered Expectations Might Be Just What This Country Needs

Posted by: NPR at April 30, 2012 11:39 AM (FcR7P)

67 Which is especially scary since they seem incapable of learning from their mistakes. Economy in the tank because of increased taxes, increased government regulation, out of control spending Posted by: nerdygirl

They'll fix it when Marin County starts to look like the Central Valley.

Which, at this rate, should be sometime around the tail end of this year.

Posted by: Sean Bannion at April 30, 2012 11:39 AM (sbV1u)

68 Barack Obama is a stuttering clusterfuck of a miserable failure

Posted by: Death , Taxes, & SMOD2012 at April 30, 2012 11:40 AM (KVFSn)

69
18 To recap:
Romney must raise more money than Obama for a single month; must lead in a poll by greater than the MOE; and the economy and gas must remain the same or get worse to defeat Obama.
Posted by: soothie at April 30, 2012 04:30 PM (G/zuv)

I see you've been reading entrails outside the spay / neuter clinics in Nashville...

Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at April 30, 2012 11:40 AM (UzjcV)

70 That Jerry Brown guy sure has turned things around, hasn't he?

Posted by: Jay in Ames at April 30, 2012 11:40 AM (UEEex)

71 Everyone wishes we could fast-FORWARD through this administration.

Posted by: irright at April 30, 2012 11:41 AM (RzLbD)

72
Election May Be Over on October 26, 2012


btw that's my b-day

Shoot out at O.K Corral, Battle of Leyte Gulf ended.

Posted by: YIKES! at April 30, 2012 11:41 AM (eXigD)

73
Let's hear it for the boner!

“The president is getting some very bad advice from his campaign team, because he’s diminishing the presidency by picking fake fights, going after straw men every day

-- Speaker Boehner
April 29, 2012

Posted by: soothie at April 30, 2012 11:41 AM (G/zuv)

74 Marin County is in a very well-insulated bubble--they're more invested in 'Emerging markets' than in the rest of Cali


They'll float about the deluge, blissfully arrogantly ignorant

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:42 AM (Dll6b)

75 I live in California and feel the pain every damn day.  This election will tell the tale whether we stay or go.

I just got back from Cabo.  I want to move there and become a cabana girl.  It would probably be a better life.

Posted by: mpfs at April 30, 2012 11:42 AM (iYbLN)

76 We need the Obama bus, and a cliff. That should be sufficient.

Put the Obama bus on the above graph.

Posted by: Waterhouse at April 30, 2012 11:42 AM (Pi5Sz)

77 58 Once again, wingers celebrate the decline of the American economy.

And who's the patriot here?

Posted by: gRunginess at April 30, 2012 04:38 PM (gCa4h)

 

 

Celebrate????????

Fuck off ass hole. "Bemoan" is the word.

Again, FUCK YOU!

Posted by: Death , Taxes, & SMOD2012 at April 30, 2012 11:42 AM (KVFSn)

78

Posted by: gRunginess at April 30, 2012 04:38 PM (gCa4h) <<<<<

Not you dung beetle.

Posted by: maddogg at April 30, 2012 11:42 AM (OlN4e)

79 From the increasingly stupid site Yahoo

Krugman has long maintained that the government's policy response in recent years has been either weaker than, or the opposite of, what it should have been.

The original Federal stiumulus, for example, wasn't big enough, Krugman says. And the recent moves of Republican-controlled states to cut spending have made the problem worse, not better.

Why?

Because the spending cuts have led to job cuts, which have led to further spending cuts. And so on. Europe, Krugman observes, is charging down the same disastrous path, and it is now plunging into another recession.

Just look at the reality, Krugman says. People have been predicting hyperinflation and runaway interest rates for years, and they're just not happening. The best way to fix our problem, Krugman adds, is to grow our way out of the problem and to generate modest inflation to gradually reduce the real (inflation-adjusted) burden of debt. But instead of focusing on these two goals, Krugman observes, our government keeps cutting spending and obsessing about 2% inflation.



Keep printing and spending. Forward! To Zimbabwe!

Posted by: TheQuietMan at April 30, 2012 11:42 AM (1Jaio)

80 >>>> “We have seen some deceleration in economic activity” Umm. Wouldn't that be a start of a rescession then? (I know. Six months of negative growth signals a real rescession. )

Posted by: Dave C at April 30, 2012 11:43 AM (JRdnf)

81
58 Once again, wingers celebrate the decline of the American economy.
And who's the patriot here?
Posted by: gRunginess at April 30, 2012 04:38 PM (gCa4h)


Here's a hint, YOU won't find one staring back at YOU in a mirror...


Haven't you got an OWS action to prepare for tomorrow?


Posted by: Krebs v Carnot: Epic Battle of the Cycling Stars at April 30, 2012 11:43 AM (UzjcV)

82 Brown didn't start the fire.........


oh, wait---he DID.  Public employee unions, crazy spending, rim jobs to unions

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:43 AM (Dll6b)

83 "Wait, the second half will be “more difficult” than the first? We might be lucky to have 2% growth in the first half."

This is a big fuckin' deal.

Posted by: Sheriff Joe Biden at April 30, 2012 11:43 AM (Q1lie)

84 Free Volts outta do the trick!
Volts for the welfare peeps, no gas to buy just plug into any outlet they can find to siphon free electricity from If they explode free death benefit from Gobermint Motors.

Posted by: ConcealedKerry or SubMitt at April 30, 2012 11:43 AM (vXqv3)

85 Marin County is in a very well-insulated bubble--they're more invested in 'Emerging markets' than in the rest of CaliPosted by: SantaRosaStan

Marin?  I wouldn't live there if you paid me.

Calistoga though?  Well, that's a different story, even with all the mess in the rest of Cali.

Of course, I'd have to spend the first week laying in the anti-personnel minefield.

Posted by: Sean Bannion at April 30, 2012 11:44 AM (sbV1u)

86 70 That Jerry Brown guy sure has turned things around, hasn't he?

Posted by: Jay in Ames at April 30, 2012 04:40 PM (UEEex)


Yup! 360 degrees, man!

Posted by: Joe Biden, SOOOOPER Genius at April 30, 2012 11:44 AM (RD7QR)

87 Once again, wingers celebrate the decline of the American economy.

And who's the patriot here?>>

I do not celebrate it since it hurts my family as much as theirs. But they wouldn't listen when we told them this is what their ludicrous policies would do. And they need to learn once and for all that TNSTAAFL!!

Posted by: Buzzsaw at April 30, 2012 11:44 AM (tf9Ne)

88 "Free Cheeby Volts creates jobs" Nasty Peelosi

Posted by: ConcealedKerry or SubMitt at April 30, 2012 11:44 AM (vXqv3)

89 My interpretations of this -- On 10/27/2012 Dems will trot out some con artist broad claiming Mitt & Ann wanted her as a Sister-Wife

Posted by: laceyunderalls at April 30, 2012 11:45 AM (pLTLS)

90
I think the election was decided last August when we lost debt ceiling showdown.

We had an opportunity to grind Obama into the dust but, instead, super committee.




Posted by: soothie at April 30, 2012 11:45 AM (G/zuv)

91 I love California doom.  Missing Monty.

Posted by: Mace at April 30, 2012 11:45 AM (opfWD)

92 Obama's plan #Forward: Carousel.

The Sandman cometh.

Posted by: mpfs at April 30, 2012 11:45 AM (iYbLN)

93 Obama should be ordering The Ben Bernank to set the printing presses to Ludicrous Speed any time now...

Posted by: blue star at April 30, 2012 11:45 AM (wPV9+)

94 . I want to move there and become a cabana girl. It would probably be a better life.

Posted by: mpfs at April 30, 2012 04:42 PM (iYbLN)



Is going from Cali to Mexicali going from Bad to Sorta More Bad??

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:45 AM (Dll6b)

95

Once again, wingers celebrate the decline of the American economy.
And who's the patriot here?

 

If it means that we're SCOAMFless in November, then hell yeah we're celebrating!

Posted by: BackwardsBoy at April 30, 2012 11:46 AM (d0Tfm)

96 Dollars and doggie treats for everyone!

Posted by: TheQuietMan at April 30, 2012 11:46 AM (1Jaio)

97 Looking at that graph and if the cyclic trend continues, won't the lines be sloping upward in Oct?

Posted by: dogfish at April 30, 2012 11:47 AM (N2yhW)

98 I really don't think Obama can be re-elected -- too many people are in too much pain and this dipshit over-promised and under-delivered.  What is ironic, is that loosing might be the best-case scenario for the SCOAMF: how much longer can the systemic problems be papered over? 

Posted by: Retired Buckeye Cop at April 30, 2012 11:47 AM (M0NzJ)

99 89 My interpretations of this -- On 10/27/2012 Dems will trot out some con artist broad claiming Mitt Ann wanted her as a Sister-Wife

Posted by: laceyunderalls at April 30, 2012 04:45 PM (pLTLS)


Pics or it will not have happened!

Posted by: Joe Biden, SOOOOPER Genius at April 30, 2012 11:47 AM (RD7QR)

100 Thank goodness. I live in New York. And, as far as the Okkkupy Movement, how can you have a general strike when no one participating has ever worked a day in their life? Cosmic mikvah time!

Posted by: J.J. Sefton at April 30, 2012 11:47 AM (Af3Wg)

101 I think I'll run for Governor again. My record should actually look good again soon.

Posted by: Grey Davis at April 30, 2012 11:47 AM (Q1lie)

102

Just look at the reality, Krugman says. People have been predicting
hyperinflation and runaway interest rates for years, and they're just
not happening. The best way to fix our problem, Krugman adds, is to grow
our way out of the problem and to generate modest inflation to
gradually reduce the real (inflation-adjusted) burden of debt. But
instead of focusing on these two goals, Krugman observes, our government
keeps cutting spending and obsessing about 2% inflation.

 

----------------------------------------------

 

It's obvious that Krugman hasn't been grocery shopping lately.

Posted by: Soona at April 30, 2012 11:47 AM (AZdM4)

103

So...tomorrow is the Big Day when the OWSers are going to "shut down cities" across the country, by attacking bridges.

 

What is it again that they are supposed to be 'protesting'? ....Did they ever figure out that part?

Posted by: wheatie at April 30, 2012 11:47 AM (cB+Hn)

104 spend the first week laying in the anti-personnel minefield.

Posted by: Sean Bannion at April 30, 2012 04:44 PM (sbV1u)


Your second week would look like an episode from 'The Walking Dead'. 

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:48 AM (Dll6b)

105

This is TRULY the first time I've ever wished for bad news to affect a good political outcome.  For once, I think it is justified to hope that, even with the real human pain and distress that it will bring, the economy would do the long-term trajectory of the country a huge favor by diving into the basement.

We can get back to economic growth when we're not just riding the inevitable pendulum-swing back to positive growth due to nothing more than the business cycle sine wave.  Instead, when proper, non-insane policies are in place that actually PROMOTE growth, respect contracts and property, and enhance the conditions necessary for capital to be risked against competition and not a stacked deck and rigged game of governmental activism and fixing for cronies of the state, THEN the economy can grow.  For now, though, I want us bumping along the bottom, and the blame firmly fixed on the destructive crew that is taking us down to an unrecoverable spin-out.

The worst thing would be juuuuust enough barely-good-enough economic news to allow these idiots and evil SOBs to keep hamstringing the country into ruin for another four years.  And the way they mismanage everything they touch, that is the absolute best they're going to be able to do, relying on an upswing that was going to happen anyway, and then, post-election, they kill it in its crib.

Hope for bad things until November, and pin it on the people responsible for it.  Sounds bad, but this election is WAY more important than the next two quarters of economic statistics.

 

Posted by: Bluesman at April 30, 2012 11:48 AM (ualnC)

106 Your second week would look like an episode from 'The Walking Dead'. Posted by: SantaRosaStan

Either that or "I Am Legend"

Posted by: Sean Bannion at April 30, 2012 11:49 AM (sbV1u)

107 So...tomorrow is the Big Day when the OWSers are going to "shut down cities" across the country, by attacking bridges. What is it again that they are supposed to be 'protesting'? ....Did they ever figure out that part? Posted by: wheatie at April 30, 2012 04:47 PM (cB+Hn) When you have no job, mommy and daddy are footing the bills, and you can't get laid I mean what else is there to do?

Posted by: Nevergiveup at April 30, 2012 11:49 AM (eCnLg)

108 Tomorrow is a big holiday in most of Europe.  MAY DAY  !!!


savor the irony...

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:49 AM (Dll6b)

109 104
So...tomorrow is the Big Day when the OWSers are going to "shut down cities" across the country, by attacking bridges.

What is it again that they are supposed to be 'protesting'? ....Did they ever figure out that part?

Posted by: wheatie at April 30, 2012 04:47 PM (cB+Hn)


Capitalism is, like, heartless and shit. Oh, and pay my student debt, 'cuz I'm the future of America. Got any weed?

Posted by: Your average Occupier at April 30, 2012 11:49 AM (RD7QR)

110 58 Once again, wingers celebrate the decline of the American economy. And who's the patriot here? Posted by: gRunginess at April 30, 2012 04:38 PM (gCa4h) ------------- lol, you mean "decline due to the LIBERAL American ideological economy" right?

Posted by: a real patriot, not a SCoaMF imposter at April 30, 2012 11:50 AM (HOOye)

111 the OWS crowd will be celebrating May Day, not 'protesting'


no difference, really

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:50 AM (Dll6b)

112 Is going from Cali to Mexicali going from Bad to Sorta More Bad??
Posted by: SantaRosaStan, 100% white meat / pork


Not in Cabo.  One of the few safe places left and you can drink the water.

Posted by: mpfs at April 30, 2012 11:50 AM (iYbLN)

113

It's obvious that Krugman hasn't been grocery shopping lately.

Additionally Krugman should know that the hyper-inflation won't set in until the economy begins to recover.

Posted by: tsrblke at April 30, 2012 11:50 AM (22rSN)

114
GDP: the three quarters leading up to Reagan's reelection

1st: 7.4
2nd: 5.0
3rd: 2.3


Posted by: soothie at April 30, 2012 11:50 AM (G/zuv)

115 I don't think there is one ounce of ability for Obama to inspire a faith in capitalism. It's not the President's fault. He's trying his best. It's the bourgeois counter revolutionary small business owners. Once they are crushed everything will be perfect forever.

Posted by: Daybrother at April 30, 2012 11:50 AM (g1fN1)

116 Why ask for revisions? If it's important, the MFM will run blatant lies to help him.

Posted by: Johnny Drama at April 30, 2012 11:51 AM (U9NWP)

117 Bryant Gumbel sez this post is racist.

Posted by: nickless at April 30, 2012 11:52 AM (MMC8r)

118 because on that day the quarterly GDP growth estimate for the 3rd Quarter. The number has already been chosen, the revisions calculated, the articles written.

Posted by: t-bird at April 30, 2012 11:52 AM (FcR7P)

119 Fun little factoid, from looking at dozens of polls: The % of AA's voting for Obama (LV average from all available polling) has dropped from 95% to 89%. That doesn't seem that significant- but there was no 'bounce' back up in that number along with the % of whites and hispanics that did trend a bit up with his mini-bounce in polling. The hardest core support for Obama is fracturing without anybody noticing. It explains the Trayvon Martin fluff, it explains the Voter ID fight, and the 'AAs for Obama' drive his campaign is actually spending money on. If the most loyal bloc is chipping...

Posted by: CAC at April 30, 2012 11:52 AM (V8AsJ)

120 well, to be fair, this admin has dealt with various unprecedented economic hurdles: the tsunami, high gas prices, an unmitigated socialist outlook coupled with the worst in Chicago style spoils system looting of the economy, a soft winter season. It all adds up to Bush's fault, really.

Posted by: joeindc44 says hide your dogs, SCOMDEF's in town at April 30, 2012 11:52 AM (QxSug)

121 "Once again, wingers celebrate the decline of the American economy."




Saying "we told you so" to subtards such as yourself, is not celebrating, dipshit.

Posted by: irright at April 30, 2012 11:52 AM (RzLbD)

122 GDP: the three quarters leading up to Reagan's reelection

1st: 7.4
2nd: 5.0
3rd: 2.3


Are you done playing Eeyore?  Even your stats there show that Barky is toast: it wasn't that the immediately previous quarter had been awesome- it was that the whole previous year had been.  I don't think Barky has been able to show even one quarter of good, solid growth since he took office.

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 30, 2012 11:53 AM (8y9MW)

123 104:   LOL- stupid liberal twats will be hardest hit if they are at all effective in self-blockading.  

Posted by: PaleRider at April 30, 2012 11:53 AM (dkExz)

124 Is going from Cali to Mexicali going from Bad to Sorta More Bad??

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 04:45 PM (Dll6b)

 

------------------------------------------

 

Old Mehico is doing comparatively well against the New World.

Posted by: Soona at April 30, 2012 11:53 AM (AZdM4)

125 Speaking of California, Romney could get a lot of votes by promising not to bail out failed states.


Posted by: AmishDude at April 30, 2012 11:54 AM (T0NGe)

126 13% of Democrats in Alabama voted for Uncommitted rather than Obama in the primary.

Posted by: toby928 at April 30, 2012 11:54 AM (NG097)

127 Posted by: CAC at April 30, 2012 04:52 PM (V8AsJ)

Thats just the 6% that realize if oBummer gets his race war the hommies will burn down the hood and the White man has for three years been stocking up on guns and ammo.
that 6% is gonna look white than Michael Jackson

Posted by: ConcealedKerry or SubMitt at April 30, 2012 11:54 AM (vXqv3)

128
Old Mehico is doing comparatively well against the New World.

Posted by: Soona at April 30, 2012 04:53 PM (AZdM4)


only if you don't drive at night, and stay in Expat Enclaves. 

Posted by: SantaRosaStan, 100% white meat / pork at April 30, 2012 11:55 AM (Dll6b)

129

Pfft.

 

A couple of savvy taxpayer investments in exciting new energy technologies and you can strap the fuck in, amigos.  Because this economy is a juggernaut of a rocketship sitting on top of a powderkeg-powered rollercoaster, getting ready to blast off for Planet Kickass in the Pimptauran Nebula.

 

You make the investment, you get the green.  That's why they're called GREEN jobs, peop-

 

***What?***

 

Oh. Never mind.  You will all die cold and alone in the darkness.

Posted by: Empire of Jeff at April 30, 2012 11:55 AM (8FQ6f)

130 If the OWS douchebag protesters attempt to block the Coronado Bridge tomorrow I'm sure our US Navy personnel trying to get to work will help them "off" the bridge.

Posted by: mpfs at April 30, 2012 11:55 AM (iYbLN)

131 Old Mehico is doing comparatively well against the New World.

Meh. It's hard to tell, with Mexico, for many of the same reasons its hard to tell with China, actually.  Also, Graft and Patronage are growth industries in Mexico.

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 30, 2012 11:55 AM (8y9MW)

132 If the most loyal bloc is chipping...

Posted by: CAC at April 30, 2012 04:52 PM (V8AsJ)


Even just getting them to spend money shoring up the base is a victory. If 9 percent of African Americans stay home on Election Day, that's just gravy.

Posted by: joncelli, heartless Con and all around unpleasant guy at April 30, 2012 11:55 AM (RD7QR)

133 Obama's underperforming with Jewish voters, too.

Posted by: nickless at April 30, 2012 11:56 AM (MMC8r)

134

To put it in a little perspective... my spouse works with people who truly believe that businesses are intentionally trashing the economy, just to make the President look bad... so, to them, economic forecasts like this just reinforces their opinion.

Posted by: Dilligas at April 30, 2012 11:57 AM (/Odq7)

135 Once again, wingers celebrate the decline of the American economy. That's a stunning admission you've just made.

Posted by: t-bird at April 30, 2012 11:57 AM (FcR7P)

136 SantaRosaStan,

That's what Cabo has become, lots of Americans and Canadians.  Highway 1 is pretty safe too between San Jose Del Cabo and Cabo San Lucas.  The place has really built up. Beautiful and money is pouring in.

Posted by: mpfs at April 30, 2012 11:57 AM (iYbLN)

137 Remember, kiddies: any dollars Obama is spending at shoring up his base (remember: effectively no Dem. Primary) are dollars he's not spending on consolidating with Independents or getting cross-over voters.

Posted by: AllenG (Dedicated Tenther) SMOD 2012 at April 30, 2012 11:57 AM (8y9MW)

138

Oh yeah.....May Day. ....Which is like, Marxism Day. ...Yay.

 

For the OWSers, this is supposed to be some sort of Spring Training day. ....Training for all the crap-weasel events they've got planned for the rest of the year?

 

I wonder what they learned from their 'protests' last year? ...."Look both ways before you take a dump on a cop car"...?

 

Posted by: wheatie at April 30, 2012 11:57 AM (cB+Hn)

139 Obama's underperforming with Jewish voters, too. Posted by: nickless at April 30, 2012 04:56 PM (MMC8r) And young folks. And blue collar white Democrats in PA, WI, MI, NH, ME, VA, OH, and IA. And women (per YouGov's last poll) Obama is incredibly vulnerable.

Posted by: CAC at April 30, 2012 11:58 AM (V8AsJ)

140 trolls convienently forget the conduct of the DNC from 1988-1992 and 2000-2008

Posted by: joeindc44 says hide your dogs, SCOMDEF's in town at April 30, 2012 11:58 AM (QxSug)

141 Once again, wingers celebrate the decline of the American economy. ------------------------ Be a good little lib and vote for the guy that is leading the decline, as you correctly admit. I didn't think it was possible to cum in your own mouth, but you managed it.

Posted by: MJ at April 30, 2012 11:59 AM (/x4oj)

142 It's a sock not a troll.

Posted by: toby928 at April 30, 2012 12:00 PM (NG097)

143

It's wishful thinking to assume the election will depend on the actual state of the economy...Romneyesque wishful thinking.  It pre-supposes free and fair elections, as one of dozens of assumptions.  It also assumes that the official government data is truthful.

It also assumes the the factors that controlled elections in the pre-marxist country will continue to do so in 2012.

Did Lenin and Stalin allow economic events to interfere with their plans?  To say it is to laugh.

Posted by: proreason at April 30, 2012 12:01 PM (gbQEv)

144 Obama is a fucking asshole

Posted by: X at April 30, 2012 12:02 PM (KHo8t)

145 The OWS douchebags still have Chicago to protest and the Dem. National convention.  It will be great television. 

Obama is toast in November.

Posted by: mpfs at April 30, 2012 12:02 PM (iYbLN)

146

 

I do enjoy destroying liberals minds with defining sustainability.

They use these words and have no idea what they mean.

 

Posted by: rev dr e buzz at April 30, 2012 12:03 PM (tcSZb)

147 'AAs for Obama' If the most loyal bloc is slipping... "The Dog-Eating Overseas Harvard Lawyer, You're Claiming Him?"

Posted by: t-bird at April 30, 2012 12:03 PM (FcR7P)

148

Obama is a fucking asshole

Posted by: X at April 30, 2012 05:02 PM (KHo8t)

It deserves repeating.

Also "Obama is a Stuttering ClusterF*ck of A Miserable Failure."

Posted by: tsrblke at April 30, 2012 12:03 PM (22rSN)

149

120...The hardest core support for Obama is fracturing without anybody noticing. It explains the Trayvon Martin fluff, it explains the Voter ID fight, and the 'AAs for Obama' drive his campaign is actually spending money on.
 
If the most loyal bloc is chipping...
 

Posted by: CAC at April 30, 2012 04:52 PM (V8AsJ)
 

Oh, I think they are noticing, CAC. ...That's why they are flailing around, doing the things that they are doing. ...Anything to change the subject away from how bad the economy is really doing...and what an Unmitigated Disaster this president is.
 
As they get more desperate, I expect them to start manufacturing 'news events' that support their narrative...even worse than they have done already.

Posted by: wheatie at April 30, 2012 12:04 PM (cB+Hn)

150

He is a stuttering clusterfuck, but inexperienced.  His pattern indicates two dimensional thinking.

Posted by: Empire of Jeff at April 30, 2012 12:04 PM (8FQ6f)

151

Greg Gutfeld just said...."This is why we can't have nice things".

 

 

Posted by: wheatie at April 30, 2012 12:05 PM (cB+Hn)

152 His pattern indicates two dimensional thinking. Like an Etch-A-Sketch, one knob at a time.

Posted by: t-bird at April 30, 2012 12:06 PM (FcR7P)

153 Why weren't the OWS crowd at the correspondents dinner I don't think any of those Presstitutes were paying their fair share, they are workin it off on their knees.

Posted by: ConcealedKerry or SubMitt at April 30, 2012 12:06 PM (vXqv3)

154 Speaking of California, Romney could get a lot of votes by promising not to bail out failed states.


Posted by: AmishDude
-------------------

He's got nothing to lose except the failed states themselves. And they, by definition, are already deep blue.

Posted by: the new, improved arhooley -- now with 10% more cynicism! at April 30, 2012 12:09 PM (lt7iY)

155 But really, who looks at charts? Voters gonna vote their gas prices, grocery prices, and job prospects.

Posted by: the new, improved arhooley -- now with 10% more cynicism! at April 30, 2012 12:11 PM (lt7iY)

156 Once again, wingers celebrate the decline of the American economy.

And who's the patriot here?
Posted by: gRunginess
----------------

I'm not celebrating the decline ONE DAMN BIT, idiot. Go to Daily Kos where they're lovin' on storming private property and confiscating wealth. Have a listen to Jon Lovitz, who is discovering that liberals don't like prosperity.

Posted by: the new, improved arhooley -- now with 10% more cynicism! at April 30, 2012 12:13 PM (lt7iY)

157 Hey, does this mean that liberal women are Forward Hos?

Posted by: Underground Vulgarian at April 30, 2012 12:14 PM (Aaxiu)

158 Yup, California is doomed. What I fear is that the people who voted for the socialists in Sacramento will swarm the other states en masse and do to those states what they did to California. And this fear comes from someone who fled California years ago.

Posted by: The Political Hat at April 30, 2012 12:14 PM (DoaFB)

159 Obama is a stuttering clusterf*ck of a miserable failure.

Posted by: steevy at April 30, 2012 12:51 PM (7W3wI)

160 that chart gives me wood like a BMW seat

Posted by: Luke Duke at April 30, 2012 01:07 PM (bGmly)

161

If Republicans are tired of  the baby marxist scent marking on our collective heads then we will win.  We need an historic turn-out but it can be done...Are you tired of this bastard cocking his leg and pissing on this country and the people who give everything they have to make it for their families while this turd spends trillions like he changes shirts? 

Posted by: Don't hate the player at April 30, 2012 05:04 PM (1GlXg)

162 The media will report that Americans never had it so good. Who are people going to believe? The media, or their lying eyes? What the fuck do you think people who believe that "reality television" is real are going to believe?

Posted by: Mirror-Universe Mitt Romney at April 30, 2012 05:36 PM (wCdEq)

163 115
GDP: the three quarters leading up to Reagan's reelection

1st: 7.4
2nd: 5.0
3rd: 2.3

Where did you get those numbers? According to TradingEconomics.com, the real GDP growth rate increases for all four quarters of 1984 are:

1st: 8.0%
2nd: 7.1%
3rd: 3.9%
4th: 3.3%

Let's also not forget the real GDP growth rate increases for all four quarters of 1983:

1st: 5.1%
2nd: 9.3%
3rd: 8.1%
4th: 8.5%

As a comparison, the real GDP numbers under Obama have never grown more than 3.9% in a quarter, with the growth rate being 2.5% or lower in six of the past seven quarters.

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