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Tom Rinaldo

(22,911 posts)
26. Here is the comeback to that line of attack
Thu Oct 18, 2012, 02:36 PM
Oct 2012

Our recovery is slower than the President initially forcast, but it turns out that the recession itself was far worse than how experts were characterizing it when Obama actually made his recovery projections. That fact was revealed in revised figures documenting the actual GDP loss during the recession that were retroactively released by the U.S. Department of Commerce Bureau of Economic Analysis:

“The overall pattern of quarterly changes during the downturn was similar in both the revised and previously published estimates, though the revised estimates show larger decreases for 2008:Q4 (-8.9 percent compared with -6.8 percent) and for 2009:Q1 (-6.7 percent compared with -4.9 percent).”
http://www.bea.gov/faq/index.cfm?faq_id=1004

And why was the economy so god damned awful in the first place when Obama took office? Because of the failed economic policies of the last Republican Administration.

He used the 5.4% figure in the first debate liberal N proud Oct 2012 #1
I don't recall ever hearing that figure before. AtomicKitten Oct 2012 #2
Same place he got the $25,000 deductions. liberal N proud Oct 2012 #3
"I'll just pick a number" as he waves his hand in the air. Avalux Oct 2012 #4
LOL. Yes, that does appear to be the place from where it emanated. AtomicKitten Oct 2012 #5
off topic - LiberalElite Oct 2012 #11
thanks AtomicKitten Oct 2012 #18
That $25,000 deduction was $17,000 when he first proposed it. yellowcanine Oct 2012 #15
Outta his ass. That same ass that PBO Cha Oct 2012 #20
I thought it smelled funny. AtomicKitten Oct 2012 #25
Its a made up number Firebirds01 Oct 2012 #6
it is such a hailstorm of bullshit Cosmocat Oct 2012 #7
Where the number came from exboyfil Oct 2012 #8
So 2 economists before joining the O admin predicated this before he was sworn in. AtomicKitten Oct 2012 #9
I looked at Worldbank inflation adjusted exboyfil Oct 2012 #10
Well if the gop hadn't met the night Obama was Inaugurated and Cha Oct 2012 #21
Probably should bring it up at debate exboyfil Oct 2012 #22
Yes, it's freaking swill..he didn't do it in Mass and Cha Oct 2012 #27
Mitt is an idiot. First of all, ProSense Oct 2012 #12
Thanks for the background on this. AtomicKitten Oct 2012 #17
The incomming Obama team issued a report in Jan. 2009 projecting a 5.5% rate by the end of 2012 former9thward Oct 2012 #13
Roemer was the one who said it would be under 8%. AtomicKitten Oct 2012 #16
Which if you read read my post Obama endorsed. former9thward Oct 2012 #23
How do you endorse a guess? AtomicKitten Oct 2012 #24
Romney would send ground troops to war - DRAFT Rosa Luxemburg Oct 2012 #14
You didn't think he was going to keep the same number after we beat it, did you? NCLefty Oct 2012 #19
Here is the comeback to that line of attack Tom Rinaldo Oct 2012 #26
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