Business

The Numbers That Show How Bad the Economy Really Is

Second Quarter Economy GDP Numbers Show Sluggish StartWASHINGTON (The Blaze/AP) — The economy slowed in the first six months of 2011 to its weakest pace since the recession ended. High gas prices and scant income gains forced Americans to sharply pull back on spending.

The Commerce Department says the economy expanded only 1.3 percent in the April-June period. And it downwardly revised the January-March figures to show growth of just 0.4 percent, the weakest since the recession ended two years ago.

Consumer spending was almost flat this spring. It increased only 0.1 percent, after 2.1 percent growth in the winter. Spending on long-lasting manufactured goods, such as autos and appliances, fell 4.4 percent.

Government spending fell for the third straight quarter. And state and local governments cut spending for the seventh quarter in eight since the recession ended.

That news comes as new revised numbers show the the 2007-2009 recession, already in the record books as the worst in the 66 years since the end of World War II, was even worse than previously thought.

From the start of the recession at the end of 2007 to the end in June of 2009, the U.S. economy shrank 5.1 percent. That is 1 percentage point worse than the previous estimate that the recession reduced total output during that period by 4.1 percent.

The new estimates emerged from the annual revision of economic data prepared by the Commerce Department’s Bureau of Economic Analysis and released Friday.

Among the previous 10 postwar recessions, output in only two dropped by more 3 percent. In the 1957-58 recession, the economy contracted 3.7 percent. And during the 1973-1975 downturn, the economy fell 3.2 percent from the start of the recession to the end.

The government attributed the bigger declines in output in part to weaker consumer spending and business investment than previously estimated.

By year, the government’s new figures show that the economy took a much bigger hit in 2009, when output shrank 3.5 percent. The previous estimate had shown a decline of 2.5 percent that year.

In 2008, the new estimate shows the economy contracted by 0.3 percent. The previous estimate had indicated that output was unchanged for that year compared with 2007.

The last recession began in December 2007 and lasted until June 2009. Though the economy has been growing since then, growth has been subpar. And the unemployment rate has remained elevated; it’s now 9.2 percent.

The revisions showed that growth in 2010 was a bit stronger than previously estimated. They put growth for all of 2010 at 3 percent, up from a previous estimate that the economy grew 2.9 percent last year.

The revisions to the country’s gross domestic product, the total output of goods and services, used more complete data for such items as consumer and business spending.

The government’s annual revisions are released each July, along with its first estimate of growth for the April-June quarter of the current year.

Comments (155)

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  • Hemingway in Cuba
    Posted on July 29, 2011 at 9:40am

    “Government spending fell for the third straight quarter. And state and local governments cut spending for the seventh quarter in eight since the recession ended.”

    This is bad news?

    Report Post » Hemingway in Cuba  
    • Anonymous T. Irrelevant
      Posted on July 29, 2011 at 10:16am

      It is when we have no more money TO spend. The debt belongs to the Democraps who started to spend in 2007 when they took over Congress. When Obumbler came into office, the spending increased sharply, as well as regulations. This needs to be on one of the Presidential re-election commercials.

      Report Post » Anonymous T. Irrelevant  
    • awizard
      Posted on July 29, 2011 at 10:45am

      @Anonymous T.; I’m glad to see someone else pointing that out, for years now “They’ve” been blaming Bush for this mess when as you said the crash started in ‘07 when the dem.’s took over congress.

      Anyone remember “The Clinton Recession”?.. No, it started in ‘99 and was over by ’01… nobody noticed … because it was “handled properly”?.. Cut taxes and get out of the way, business grew and unemployment was in the %4 range …

      Anyone else!.. in 2012 …

      Report Post » awizard  
    • quicker
      Posted on July 29, 2011 at 10:54am

      @ATI amen to that.These people don`t take that into account,Fhey also don`t remenber that all the dems were pushing for the tarp including Obama,and also the rinos like McCain

      Report Post » quicker  
    • Ken
      Posted on July 29, 2011 at 10:56am

      @Hemingway: It is for the left!!!

      Report Post »  
    • AvengerK
      Posted on July 29, 2011 at 11:57am

      The GDP is almost at a standstill. For the first quarter it was a fraction of a percentage point. Make no mistake it’s really bad news. This isn’t Spain or Greece, this is the U.S. Analysts are now starting to say that a “double-dip recession” may be a distinct possibility.

      Report Post »  
    • rexjonas
      Posted on July 29, 2011 at 6:28pm

      This would have happened sooner, but the federal government artificially propped up state and local spending with a lot of the 2009 stimulus money.

      Report Post »  
    • ALL4FREEDOM
      Posted on July 29, 2011 at 8:58pm

      Absolutely correct. And don’t forget to mention bailing out union pension funds.

      Report Post »  
  • MBA
    Posted on July 29, 2011 at 9:40am

    The problem with the democratic politicians is that they are trust fund babies–they have never had to earn money, take care of money, or conserve money because when they run out there is always some soros there to pay for votes. It is no wonder they can’t understand that you cannot spend money you do not have–they think some unknown money god is going to appear and take care of everything. I don’t hear soros volunteering to pay the US debt–quite the opposite–along with obamy and his dems all want to see this country fail.

    Report Post »  
    • weeblewacker1
      Posted on July 29, 2011 at 11:47am

      Can anybody tell me where in the country is the greatest number of tea-party people? I am looking to open a another new factory, and I really want to hire only people with the mind-set of most on this site.

      Report Post »  
    • SHOWMESTATEGUY
      Posted on July 29, 2011 at 2:13pm

      As a group the dems are insane. Someone defined insanity as doing the same thing over and over again and expecting a different result. That difinition fits the dem party to a T.

      Report Post »  
  • Ironmaan
    Posted on July 29, 2011 at 9:37am

    Too many people in the cart getting a free ride and not enough people pulling the cart. Unfortunately the Obama administration is continuing to place regulation upon regulation on people as to HOW they pull the cart. Example…the coal mine owner who just decided not to open the mine. Even George Soros who advocates for govt regulation has stopped managing private funds because of reporting regulations. Its only gonna get worse folks. Thank Obama and Cass Sunstein.

    Report Post »  
  • Cat
    Posted on July 29, 2011 at 9:32am

    In the following months, the figures will be adjusted, again.
    And, no one will remember this report, until it’s used to prove a point.
    Caution sign … Targeted voters are being nudged for the big event in 2012.

    Report Post » Cat  
  • sWampy
    Posted on July 29, 2011 at 9:31am

    The recession didn’t end, it became a depression, am sick of these people saying we are better off than 2007/8/9/10 we aren’t. Yeah, Christmas gave a small bump as it always does, but it was smaller than normal, not a recovery.

    Report Post »  
    • CatB
      Posted on July 29, 2011 at 9:42am

      I agree SWAMPY .. this is the OBAMA DEPRESSION and it has continued from the recession. Nothing ever “ended” it just progressed … by progressives/socialist/marxists/ who’s evil plan is working!

      TEA!

      Report Post »  
    • saranda
      Posted on July 29, 2011 at 10:06am

      The most interesting part of the story is the 2007-2009 numbers have been revised showing the economy contracted even further under Bush than originally believed. I remember saying to friends that whoever won the 2008 election was in a no win situation as the inherited mess was too big to be cleaned up without an economic miracle. Looks like it was even worse than I thought at the time.

      Report Post »  
    • Oh, God!
      Posted on July 29, 2011 at 10:07am

      Completely agree. I am so sick of these articles that are always stating the “recession ended two years ago”. I guess if you keep saying it enough times, someone will eventually believe it. I am not one of those, been unemployed since 09.

      Report Post » Oh, God!  
    • sWampy
      Posted on July 29, 2011 at 10:52am

      Good lord, 2007-2008 shrank because the Democrats were in charge of both houses, they drove us off the cliff, Bush had very little to do with it, except being a lame duck that was gun shy and tired of being called names by the 3rd grade school girls on the left.

      Report Post »  
    • better red than dead
      Posted on July 29, 2011 at 10:42pm

      I agree, the feeble amount of stimulus funds simply couldn’t match the need for the government to increase demand, and oncoming cuts are only going to make things worse. It’s really unfortunate.

      Report Post » better red than dead  
    • Howyinthehills
      Posted on July 30, 2011 at 1:11am

      “Better Red Than Dead” was often followed by “better dead than red.“ Ayn Rand trumped this with ”better see the reds dead.”
      Before the Great Depression of the 1930s any downturn in economic activity was referred to as a depression. The term recession was developed in this period to differentiate periods like the 1930s from smaller economic declines that occurred in 1910 and 1913. This leads to the simple definition of a depression as a recession that lasts longer and has a larger decline in business activity.
      http://economics.about.com/cs/businesscycles/a/depressions_2.htm
      I think this whole period from 2007 on has been a time of economic malaise. The dollar has been going down, unenployment is high. It looks more and more like O’Bamas depression.

      Report Post » Howyinthehills  
    • captaincameron
      Posted on July 30, 2011 at 5:01pm

      If I understand the terms right, technically not a depression.
      Not yet, that is.
      If the opening is given another massive round of spending with no way to pay for it, we will hit that depression point. Double digit inflation and double digit unemployment will become the norm.

      Report Post » captaincameron  
    • yiska8
      Posted on August 1, 2011 at 3:04pm

      Thank you Swampy. I posted that very fact on this site numerous times. This is a depression. Its a soft one, because people are still receiving their checks and still buying only what they need, mostly groceries and gas. The recession never ended and slid into a depression without anyone reporting it. The unemployment rate is much higher than 9.1%. Almost 41 million on food stamps. People are still asleep. Our dollar is incredibly inflated. The unemployment checks will not go as far. Nothing will go as far. People are stlll being foreclosed upon, vehicle repo is still up, consumer debt is still high, college debt is through the roof, smaller banks and credit unions are closing their doors, small businesses cannot remain open, and food pantrys across the country cannot handle the numbers they are seeing. I wish FOX had the guts to call it what it is. The correct technical term is depression. And it perfectly depicts what the country is experiencing. This President is the owner of his people’s suffering. When things are good, Presidents are happy to take the credit, when they are bad, they take the blame. That’s how it works. Its always worked that way. Barack Hussein Obama is the worst and will historically be known as the worst President in United States history. Unless of course we allow the liberals to rewrite history again and turn him into one of the top 3 Presidents in American history.This is an economic depression.Period.

      Report Post » yiska8  
  • TX_45_ACP
    Posted on July 29, 2011 at 9:26am

    It will only get worse until O’Bummer gets the h*ll out of the way. He needs to be impeached. Now that he knows he will not get re-elected, I fear that he will speed up his destruction of America within the next year. Congress has the power to impeach him, if they only had the b*lls.

    Report Post » TX_45_ACP  
    • saranda
      Posted on July 29, 2011 at 10:08am

      If you read the article, it appears growth has improved sine June 2009 and through 2010. Seems to me that is something.

      Report Post »  
    • Salamander
      Posted on July 29, 2011 at 10:13am

      You gotta ask yourself how a guy can come out of nowhere, with nothing and charm a nation off its ass! Read “Lucky Bastard” by Charles McCarry and ask yourself if we aren’t being manipulated by the KGB, China or individuals like George Soros (who is about to go underground with his hedge fund, by divestiture, because of new disclosure rules). We need to vet our political candidates! The PRESS has really dropped the ball on this one, pushing one candidate and politically assassinating another over drivel, rather than material character and policy flaws! We are living in dangerous times. Our population is the most manipulated in modern times–which defies belief in an ‘open’ society! But, it’s there! We still react to the ‘Race’ card! Why? We are redefining institutions, such as marriage! Why? We are fiscally illiterate! Forget readin, writin, and rithmatic–how about ‘If Johnny has 2-cents and Billy has 3-cents and an ice cream bar costs 6-cents, how can they get a treat?’ Answer might be: pool their resources, make a deal with the vendor and rep his product to their classmates in return. Or, let the vendor know the average kid has 2-cents, so the vendor can find a way to sell 2-cent samples instead of 6-cent bars! Or, (an infinite number of innovative solutions)! Rather, they’d rather have some do-good politician, reverend, or social leader point out they they have a tan, the vendor doesn’t and so they should picket, raise hell and make his produc

      Report Post »  
    • RocktheCasbah
      Posted on July 29, 2011 at 10:29am

      @Sandra

      The economy would have improved on its own anyway. Obama and the Dems have slowed this economy to almost a standstill. If they would get out of the way and let capitalism take over we could rise up from this recession/depression and start to grow again.

      Report Post »  
    • paulusmaximus
      Posted on July 29, 2011 at 11:09am

      saranda seems to be about as knowledgeable as the proverbial mushroom. Why do the trolls always make unfounded statements and replies while not allowing reply to their posts?

      Report Post » paulusmaximus  
    • saranda
      Posted on July 29, 2011 at 12:38pm

      @paulusmaximus – what did I say that was not in the article you were obviously reading as well as I? It clearly stated that
      “The last recession began in December 2007 and lasted until June 2009. Though the economy has been growing since then, growth has been subpar. And the unemployment rate has remained elevated; it’s now 9.2 percent.
      The revisions showed that growth in 2010 was a bit stronger than previously estimated.”
      Just because it does not support your view of the world does not make it interesting. And the fact that the economy recovered slightly is, as I said before, at least “something”.
      As for the rest of your comment…..you found a way to reply to my post. Please add something to the conversation rather than just throw troll and mushroom insults around. Discussion is still allowed in your state right?

      Report Post »  
  • nysparkie
    Posted on July 29, 2011 at 9:24am

    You have to have a degree in economics to know this, ya know. Otherwise you just don’t know how bad it is out there(sic). DUH! My dollar in my pocket ain’t buying much out there anymore. That is when my wife lets me have one.

    Report Post » nysparkie  
  • Rashomon
    Posted on July 29, 2011 at 9:22am

    http://usdebt.kleptocracy.us/

    Report Post » Rashomon  
  • excuseme
    Posted on July 29, 2011 at 9:20am

    Gee, I too like the goverment, seem to be spending more then I take in due to high fuel/food cost. No problem though I just go in my basement and print more money and raise my debt ceiling. Oh I forgot only the goverment is dumb enough to do that.

    Report Post »  
  • NHABE64
    Posted on July 29, 2011 at 9:19am

    And even with all this, there are cockroaches out there that will vote for their cockroach leader Obammy and his socialist friends. A pity but the truth, these filthy socialists who live in their multi-millon dollar mansions “pretend” to be for the self-perceived down trodden while they further enrichen themselves and destroy the country at the same time. The only good news is that WE THE PEOPLE are coming after Obammy in 2012 and he is definitely going to get the boot. Prison would be more appropriate.

    Report Post »  
  • bandi9
    Posted on July 29, 2011 at 9:19am

    could AP be any more pathetic. why in the world does anyone print their propaganda?

    Report Post »  
  • NJTMATO
    Posted on July 29, 2011 at 9:18am

    Just UGH! No debt ceiling increase!!!!!!!!! Spending cuts only please.

    Report Post » NJTMATO  
  • cloudsofwar
    Posted on July 29, 2011 at 9:17am

    everything is working according to the plan. now congress can raise the debt so BO can borrow more. Hell we ain’t broke YET. if BO can spend even more just think how much better things will be.Spending more = better Socialist. BO is a socialist at best but i think he really is a Commie. CALL YOUR REPS KEEP THE PRESSURE UP. THIS MIGHT BE OUR LAST CHANCE TO TURN THE SPENDING AROUND.

    Report Post »  
    • BloodSweatandTears
      Posted on July 29, 2011 at 9:28pm

      You got it right.. Seems like the the “Beast” of the Bible could be the deficit. What else has so much power in our lives?

      Report Post »  
  • shirelover
    Posted on July 29, 2011 at 9:13am

    The recession is over? Seriously? Oh, wait, that‘s because it’s a depression now!

    Report Post » shirelover  
    • vtxphantom
      Posted on July 29, 2011 at 9:23am

      We are in a depression and obama is the cause. He is the enemy. I am surprised he is still above ground. He must “dance with the devil in the pale moonlight”. He has destroyed much of this country and I don’t see an end to his evil. We must continue to fight with TRUTH. It is the only way.

      Report Post »  
    • NOTALOTTAYITTAYADDA
      Posted on July 29, 2011 at 9:26am

      Tell it like it is!!

      You must be a Duke fan: http://www.youtube.com/watch?v=ckF5M2HSA0o&playnext=1&list=PL491281B578917D1D

      Report Post »  
    • wesleyapril
      Posted on July 29, 2011 at 9:42am

      It is refreshing, although I have found in the last couple of days at the blaze, that there are so many great Americans on this site. Now I’m not talking about Rose Ellen and the other nuts – :)

      Pray that we aren’t destroyed folks – but I have a feeling that we will be.

      Report Post »  
  • TEARS FOR AMERICA
    Posted on July 29, 2011 at 9:12am

    This will make your blood boil!!!!!!!!!!!!!!!!!!!!!

    https://www.youtube.com/watch?feature=player_embedded&v=fu6ok5ykyuQ

    Report Post » TEARS FOR AMERICA  
  • ConservativeResponse
    Posted on July 29, 2011 at 9:12am

    Maybe George Lopez should reconsider going to Canada now and not waiting for Sarah Palin to become President…. idiot.

    Report Post » ConservativeResponse  
    • TomFerrari
      Posted on July 29, 2011 at 11:45am

      Maybe we should build a corridor directly from the border to Canada so his illegal buddies can join him via the express lane, without having to stop off in the U.S.??

      Legal immigrants can still opt to fill out the paperwork, and go through the proper channels like other law-abiding, would-be citizens.

      Report Post » TomFerrari  
  • bhelmet
    Posted on July 29, 2011 at 9:12am

    I thought it took 5 quarters in a row of growth for a recession to be over – am I wrong or has the power structure changed that metric as well?

    Report Post » bhelmet  
    • saranda
      Posted on July 29, 2011 at 12:46pm

      In my world we use 2 quarters, but NBER uses “a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.”
      I fear now we will fall back into recession quickly and it will be long and deep. My kids have dual citizenship with a Canadian mother and thankfully they have a fallback into a country that has guided itself through much of the recession, but even Canada with its real conservative stewardship will not be immune from the pending recession.

      Report Post »  
    • OneFunR6
      Posted on July 29, 2011 at 1:10pm

      “but even Canada with its real conservative stewardship will not be immune from the pending …”
      DEPRESSION – world-wide.

      Report Post » OneFunR6  
  • Secessionista
    Posted on July 29, 2011 at 9:11am

    America is struggling under an incredible debt load. Yeah yeah yeah, we know. That’s why congress is adding to the debt load -0 to help us “dig out”. You have to borrow money in order to be more debt free – haven’t ya heard?

    Report Post » Secessionista  
    • OhioRifleman
      Posted on July 29, 2011 at 10:06am

      Oh, I keep hearing it, but I would like to know in what perverse alternate reality that is effective, ’cause it sure isn’t looking to work in this one!

      Report Post » OhioRifleman  
  • Katydidnt
    Posted on July 29, 2011 at 9:11am

    If you want to turn this economy around, the answer is breathtakingly simple. Get rid of the EPA or prune it way back to responsible people. Their regulations are killing oil and gas drilling, coal mining, utilities and agriculture industries in this country. These are all industries that by necessity need to be in this country. They also provide good incomes to skilled labor without college degrees.

    This attack is driving up the fuel and electric costs for every single individual and business in the country. This drives up the cost of every product we sell, making us less competitive killing even more jobs. It makes new businesses less likely to come here and existing businesses want to leave for their economic lives.
    We remain an economic giant, we are just held down by the Lilliputan regulators who put the lives of cockroaches ahead of the lives of our countrymen.

    Report Post »  
    • SafeguardOurLiberty
      Posted on July 29, 2011 at 9:24am

      You are 100% right. I have been saying this for years. The EPA has too much power. They are a cause of most of our problems, and I think there is a deeper reason. They started out to be a good agency, but some of the people in there have pushed laws that directly hurt our economy, throwing us into a recession because of job loss. I think this was done on purpose, to destroy our economy. I think this agency has been taken over by communists leaning people. We need to get rid of this agency now!

      Report Post » SafeguardOurLiberty  
    • neveragainadem
      Posted on July 30, 2011 at 2:49pm

      Me thinks this as all by design. What better way to destroy a country than to take away vital energy sources that support our way of life. Back in the late 80′s already, the epa and other govt agencies started down this road where companies were forced to spend money to conform to regulations for clean air, conservation and worker safety. But over the years, these agencies with their regs. have actually encouraged business to move overseas and now Obama is exerting his pressure to hasten our downfall.
      Most people are unaware of the degree of power these agencies have in controlling our lives. But it is high time that Congress does something. In fact Michelle Bachmann is working some bills.

      Report Post » neveragainadem  
    • Otto R
      Posted on August 1, 2011 at 10:27am

      The EPA is currently over regulating based on economic forces, this is true. However, most current environmental legislation and standards alone are not causing most problems attributed to them. What has occurred is that energy industries have made changes to meet regulations presented and still they cannot get permits passed through the administration for drilling or mining. A good example was the coal miner who was to open a new mine to employ upwards of 200 people at 50,000 to 150,000 dollars a year. He met all the MSHA and EPA requirements, but his permit is still denied. He testified before congress and in his final statements to the energy subcommittee he told them to forget the issue he wasn’t going to open the mine. The same thing happened with drilling in the gulf. Oil drillers can meet the stringent EPA requirements, but Obama’s administration is not releasing permits.

      EPA regulations, as strict as they are, really aren’t the problem. Once Obama is out of office and we conservatives get control of the Senate which should happen next year, you’ll see a huge increase in new energy production permits with no EPA changes. Of course removing Lisa Jackson from the EPA and putting in place someone with some business experience to balance the rate of regulatory change would benefit industry and the environment.

      Remember, while the left tries to deny it, the EPA under Ronald Reagan put forth some of the most restrictive clean air and water regulations ev

      Report Post »  
  • Servant Of YHVH
    Posted on July 29, 2011 at 9:08am

    “The economy slowed in the first six months of 2011 to its weakest pace since the recession ended”
    We all gotta love this one. They do a story like this and still have the gall to state that the recession ended. Perhaps they have a different meaning of what a recession is or perhaps they need to keep from admitting that obama’s recession is still going on and that he intends to keep it that, they are just afraid to admit it because then they would be in trouble with obama.

    Report Post » Servant Of YHVH  
    • vennoye
      Posted on July 29, 2011 at 9:47am

      They must keep stating that the recession is over!! If the stupid consumers (us) think we are still in a recession, they will NOT go out and spend money…..the economy tanks even more. If consumers think things are getting better, they will go out and spend some money instead of saving and cutting back. Oh, if we were only as STUPID as they (power brokers) think we are!!!

      Report Post » vennoye  
  • teddrunk
    Posted on July 29, 2011 at 9:05am

    This can’t be. The Obama Administration has had two “Recovery Summers” and told us how much better it is now.

    Report Post »  
    • cloudsofwar
      Posted on July 29, 2011 at 9:12am

      how’s thst Hope and Change working out for you?

      Report Post »  
    • saranda
      Posted on July 29, 2011 at 10:11am

      And if you believe the numbers, 2009 and 2010 had growth. The recession started under Bush in 2007 and ended in June of 2009. Too bad things in 2011 went south again.

      Report Post »  
    • OneFunR6
      Posted on July 29, 2011 at 1:07pm

      cloudsofwar – I see clouds

      I’m hoping for another change – back to a true free market…..

      is it just me, or is it starting to ‘rain’?

      Report Post » OneFunR6  
  • jhaydeng
    Posted on July 29, 2011 at 9:04am

    The Administration has officially killed the U.S. economy! Thank you to all who voted and believed in Hope and Change! I pray for all who are on a ledge to not jump! God help us all!

    Report Post »  
  • aliasfreak
    Posted on July 29, 2011 at 9:04am

    Wow, this is pretty unbelievable. How could these people be SOOO far off with their numbers and still keep jobs? Are they unionized?

    Report Post »  
    • Katydidnt
      Posted on July 29, 2011 at 9:17am

      They are government employees so they are unionized. The reason they are so far off is that much of the data they use is available only quarterly or annually. They interpolate by using other series until the real data comes in. For instance wages and salaries uses the data from unemployment insurance reports that businesses must file quarterly and this would be included in the final number.
      Before that is available though they use a combination of employment, average hourly earnings and average weekly hours from Bureau of Labor Statistic which comes out monthly to estimate where the wages will be. I am retired economist.

      Report Post »  
    • cloudsofwar
      Posted on July 29, 2011 at 9:19am

      Beware the Government Media Complex.

      Report Post »  
  • redbrown02
    Posted on July 29, 2011 at 8:59am

    The truth has no Agenda.

    Report Post »  
  • jhaydeng
    Posted on July 29, 2011 at 8:59am

    Why did Soros get out of hedge funds? This number comes out? Fishy to me!

    Report Post »  
    • saranda
      Posted on July 29, 2011 at 9:03am

      Soros did not get out of hedge funds. Please. You are just embarassing yourself. Read and think before you post.

      Report Post »  
    • cja23
      Posted on July 29, 2011 at 9:05am

      The snake slithers out from under the rock.

      Report Post »  
    • jhaydeng
      Posted on July 29, 2011 at 9:17am

      Saranda, don’t embarrass yourself by making a statement based on conjecture! Don’t tell me to think before I post! I was making a rhetorical statement! Ease up know it all!

      Report Post »  
    • Mateytwo Barreett
      Posted on July 29, 2011 at 10:51pm

      Thats odd. The Dems have spent a boat load! But I surte don’t remeber anybody confusing Either of the Bushes with Scrooge, either!

      Report Post » Mateytwo Barreett  
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