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In reply to the discussion: US economy shrinks 0.1 pct., 1st time in 3 ½ years [View all]MannyGoldstein
(34,589 posts)27. 14,000 posts! Congratulations! nt
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The national GDP shrank (did not grow). Most economists consider that a proxy
coalition_unwilling
Jan 2013
#2
Also means a lot fewer highly (over) paid defense contractors making bank on egregious profit margin
Roland99
Jan 2013
#3
Great point! If one favors a decrease in defense spending, as most of us do, this is good news. If
pampango
Jan 2013
#15
If the non-defense segment of the economy expanded and the defense segment contracted, that is good
pampango
Jan 2013
#25
It meets my definition of 'good news', if the alternative is continuing high defense spending
pampango
Jan 2013
#34
But the shrinking is necessary if other areas of the economy are to grow, become
JDPriestly
Jan 2013
#38
The economy is still on life support, and any cuts in gov't spending are going to hurt.
reformist2
Jan 2013
#9
When Krugman, Stiglitz, and reality-based economists are derided by Democratic leadership...
MannyGoldstein
Jan 2013
#12
Yeah, the economist in me takes issue with the term 'depression,' as that
coalition_unwilling
Jan 2013
#24
Agreed. All that money invested in all that production which either kills people including
JDPriestly
Jan 2013
#40
So, why aren't we building fast rail and installing solar panels on more houses in Southern
JDPriestly
Jan 2013
#41
It may be a 'one off' but when combined with December's precipitous
coalition_unwilling
Jan 2013
#28
Your headline is somewhat misleading (or has the potential to be), as U.S. GDP
coalition_unwilling
Jan 2013
#48
I believe that the global historic peak in oil production is at the root of our economic woes ...
brett_jv
Jan 2013
#30
While I feel inclined to agree with you, I also must point out that the
coalition_unwilling
Jan 2013
#31
Agreed. I remember my dad pulling into the filling station and paying 25 cents a gallon.
JDPriestly
Jan 2013
#44
The increased payroll tax will go directly into the Social Security Trust Fund and be loaned to the
JDPriestly
Jan 2013
#45
The slight increase in consumer spending suggests to me that the private sector is less
JDPriestly
Jan 2013
#46
Krugman: Most analysts are, rightly, shrugging off the surprise report of an actual decline in 4th
pampango
Feb 2013
#49
Thanks for posting. BLS just posted January 2013 payroll #s, and unemployment
coalition_unwilling
Feb 2013
#50