Hang in there, comrades. Only 18 months til the Bushes re-take power. Then everything will be fine.
Bush's $450 billion deficits were bad, but bonobo's $1,450 billion deficits were good.
Bush deficit spending 3% of GDP growing the economy by 3 to 5% was bad, but bonobomics deficit spending 8% of GDP while growing the economy by 1% was good.
Bush adding $5 trillion to the debt was bad, but bonobo adding $10 trillion to the debt was good.
Bonobo destroying the dollar with QE infinity was good, but the republicans ending QE and strengthening the dollar was bad.
The democrats saying "we need to give those that want to destroy, room to destroy" resulting in the most murders in several decades is good, but republicans supporting the police that have to deal with the useless dregs of the democrat party on a daily basis to attempt to keep some semblance of civil society is bad.
bonobo releasing 5 terrorists for 1 traitor is good, but republicans wanting to defend America against terrorists like these is bad.
The useless marxist cow Cankles McHillary whose only accomplishment is having some form of non male genitalia running for president asking "don't you ever want to have a woman president?" (Yes, but not one promising to maintain failed tard ideology and bonobonomics) is good, but a republican (male or female) promising to bring back the prosperity and international respect America had under Reagan is bad.............
That should be enough.
I don't thinktards and other defenders of bonobo's economy destroying ideology quite grasped the subtle "seasonally adjusted" message.
Tardslisten up, the point is (although it would be unnecessary for the reported numbers to be "seasonally adjusted" if they just used the yoy quarterly numbers for comparison and stopped at that), what "seasonally adjusted" means is they SEASONALLY ADJUST the numbers to account for variables like school years starting and ending,... and yes economic slow down normally experienced as a result of cold weather in winter.
Which means the onset of winter can't be used as an excuse for a negative gdp number, because, yes most of your tards guessed it, we have winters every year and any slow down as a result is already accounted for in the SEASONAL ADJUSTMENTS. (And you bonobo supporters who didn't know we have winters every year, well you do now.)
What's worse, if there was global warming as you ignorantbastardsbelieve, the winters would be more moderate and therefore, yes, there should be more economic activity even in winter because the SEASONAL ADJUSTMENT is a lagging number anticipating a colder winter than you would otherwise have if there was global warming.
Now either this (along with the weak GDP numbers throughout the rest of the yr(s) under bonobonomics) proves bonobo and bonobonomics is an utter disaster, or there is no global warming and on top of that, the contraction of Q1'09 was also due to winter weather & had nothing to do with the "party of no"tards who were running congress for 2 yrs ('07 & 8) prior to thetard ideology induced financial crisis and did nothing to prevent it. (Let's not forgettards continued to control government in 2009, 10, 11, 12, resulting in this debt ridden anemic 1% on average growing economy. No other president has deficit so much of the GDP (8%) and gotten so little (1%) in return. I mean prokaryotes could do better than that.)
There are no other alternatives, seasonally adjusted or not.
Militant government... government domestic spying... government power protecting plutocrats from the free market... why do you want to bring this back to the US after it failed in all of those places as well as here from 2001-2008?
"Failed ideology"? Really? Left wingers' ideology didn't fare so well under Mao in China, Stalin and Lenin in Russia, Castro in Cuba, Pol-Pot in Cambodia, Nyuyan u..u...Tho's and Ton Duc Thang's Vietnam, and it still sucks a big one in your buddy Kim Yong Un's North Korea and Maduro's Venezuela.. Take a look around you boy, it's bound to scare you boy...Where has your ideology ever worked without bankrupting the nation or being a totalitarian state?
Right-wingers still desperately clinging to a failed ideology... so sad.
You mean a leftard's version of what he fantasizes about what right-wingers think. By the way, the planning and training for 9-11 was going on for three years during Clinton's second term, right in this country, at various private flying schools, and might have been stopped if not for Clinton's stupid "wall" that prevented the FBI and CIA from talking to each other.
Now what's your version of why, during the past six years, the world is coming apart and the "inequality gap" in the US has widened significantly during the term of Barry (I hate the rich) Soetoro? Yes, the hated rich have gotten richer while the number of people on food stamps and other federal food assistance now exceeds 100,000,000.
If you or anyone else believes ANYTHING, I say ANYTHING that comes out of this administration, you are a dolt. If you review all of what has happened over the last 6 plus years of the Obama Presidency, there is NOT one department that has released a report that has been 100% honest and accurate in its presentation. Not only the Federal reports, just check any State or city government( Missouri-Ferguson-Baltimore-New York City-San Francisco -etc, etc ) represented by the left and you will see the same lying, deceitful misinformation given to the public. I call it the Obama doctrine.
It all started when Bill Clinton allowed the terrorists to hit us on 9/11. The American people were understandably upset that Clinton had allowed such a devastating attack on his watch, so they elected George W. Bush to deal with it and clean up Clinton’s mess.
Bush responded with ingenious strategory, invading Iraq and avenging the 9/11 attacks and accomplishing the mission in a brilliant 6-week campaign.
Meanwhile, as Bush was spending his two terms defeating Iraq in 6 weeks, Barney Frank, who was the chairman of the House Banking Committee the entire time Bush was President, was using the large Democratic majorities in both houses of Congress to destroy the financial system.
Bush tried to stop them, but since the Securities and Exchange Commission, the Treasury Department, and the Justice Department were all controlled by Democrats, he was unable to do so.
Bush's last heroic act before leaving the Presidency was to order the attack into Pakistan that killed Osama bin Laden.
Then, in 2008, despite the incredible successes of Bush and the Republicans, the liberal media convinced the American public to elect Barack Obama just because he’s black. As soon as he took office, his liberal policies immediately caused gas prices, which had been low and stable throughout the Bush years, to spike over $3.
Obama’s policies also caused the financial crash, which began right after he took office. First Bear Sterns and then Lehman Brothers collapsed because of Obama. Then, Obama compounded the problem by stepping in with the TARP bail-outs and appointing Ben Bernanke as Fed chief
Now you understand exactly what right-wingers believe.
I took my money off the table, will get back in after the sell off.
And you thought the preliminary 0.2% Q1 GDP print from last month was bad. This morning, the BEA released its latest, first, revision of Q1 GDP (pre second-seasonal adjustments of course), and we just got confirmation that for the third time in the past four years, the US economy suffered a quarterly contraction, with the Q1 GDP revised drastically from a 0.2% growth to a drop of -0.7%: the worst print since snow struck, so very unexpectedly, last winter.
Incidentally, there has not been a US "expansion" with three negative quarters in it in the past 60 years.
Worse, the breakdown shows that far from being a non-core slowdown, consumption rose just 1.8%, below the 2.0% expected, and contributed just 1.23% of the bottom line GDP number. This was the worst Personal Spending contribution since Q1 of last year, when revised GDP dropped by -2.11%.
In short: welcome to the recession, which however will soon be "double seasonally adjusted" into another flourishing, if only statistically, "recovery."
sooo many big SELLS by MMMMM Hedgies, Mutual funds GET OUT DAY TODAY cause next wk GAP DOWN BIG
Sentiment: Strong Sell
MNGA shows Wall Street its hand. 64 RSI is just one part of why this stock is headed all the way to the top so traders need to act now.