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Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this

 
DeadBeacon

User ID: 41911904
United States
07/31/2013 09:13 PM
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Re: Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
I just cannot even believe Arabs are stupid enough to except our currency for oil?
 Quoting: Anonymous Coward 44377051


The word is ACCEPT....not EXCEPT.


That said....they accept our currency for oil because it was a signed a deal during the Nixon administration.
The company is called ARAMCO and was part of what made up Standard Oil and it's many components MANY years before Nixon.
It gave the USA cheap "petro-dollars" in a deal with the Saudis. (aka....cheap money)

It's also part of the reason why Nixon took the USA off the Gold Standard.

Oil, God, and Gold: The Story of Aramco and the Saudi Kings
[link to www.amazon.com]
 Quoting: Useless Cookie Eater


Petro-dollars......key word. If you don't know, then you don't know.

Waving money
:Canadian F::State of Texas:

"Misunderestimating is only 5/4 th's of the problem"!

"Some choose to hear, few decide to listen".

"Question what you know and know why you question".

"GLP will never be the sane...uhhh...same".

"The markets will determine the fate of government intervention, not government intervening in the market".
Useless Cookie Eater

User ID: 29696048
United States
07/31/2013 09:21 PM

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Re: Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
I just cannot even believe Arabs are stupid enough to except our currency for oil?
 Quoting: Anonymous Coward 44377051


The word is ACCEPT....not EXCEPT.


That said....they accept our currency for oil because it was a signed a deal during the Nixon administration.
The company is called ARAMCO and was part of what made up Standard Oil and it's many components MANY years before Nixon.
It gave the USA cheap "petro-dollars" in a deal with the Saudis. (aka....cheap money)

It's also part of the reason why Nixon took the USA off the Gold Standard.

Oil, God, and Gold: The Story of Aramco and the Saudi Kings
[link to www.amazon.com]
 Quoting: Useless Cookie Eater


The petro dollar, the real reason for the wars.
 Quoting: s. d. butler


That was part of the Saudi deal as well....protecting the oil reserves.
twittertinavane

User ID: 36834106
United States
07/31/2013 09:32 PM

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Re: Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
I just cannot even believe Arabs are stupid enough to except our currency for oil?
 Quoting: Anonymous Coward 44377051


i thought they held the gold standard,,refusing to accept currency,,thats why they have sooo much gold over there
Anonymous Coward
User ID: 43915547
United States
07/31/2013 09:39 PM
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Re: Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
Team Obama is reporting that the numbers would be much better if it weren't for government austerity measures? WTF... Austerity aren't we spending 500 billion every 2 weeks that we don't even have?
 Quoting: Anonymous Coward 44377051


SNAP reductions starting Nov.
 Quoting: Anonymous Coward 44305466


Wait 'til the welfare recipients and the SNAP moochers find out that things on Food stamps are going to be changed drastically. No sodas, no ice cream, cakes, snacks, etc... It's all going to go towards buying fresh/frozen fruits and vegetables, milk, dairy, eggs, and meats. No sweets or junk food. I can't wait for next yr when this goes into effect. lol. The boons are gonna rise hell. Thanks Obama.
 Quoting: hawk8414


You watch.... they'll just sell their EBT cards for cash and use that cash to buy booze and cigs and pot and Air Jordan shoes.
 Quoting: Anonymous Coward 44379707

I'll give em $25 buck. take it or leave it. I could make good use of that card.
Captain Clownshoes

User ID: 1424125
United States
07/31/2013 10:36 PM
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Re: Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
The desired numbers would be better if reality didnt get in the way.

They arent wired for reality, they are wired for destroying those that are based in reality that doesnt serve their needs.
 Quoting: Anonymous Coward 43195617



Dude or dudette, you couldnt hwve sqid it any better. Run for office please.
Saddletramp
We Don't Rent Pigs...

User ID: 736969
United States
07/31/2013 10:40 PM

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Re: Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
Last time I saw the govt was getting .04 in GDP for every dollar it spends...great investing there...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."
Anonymous Coward
User ID: 11589730
Canada
07/31/2013 10:49 PM
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Re: Obama economist report a 1.7 % GDP growth when actual number is -6.7% and get this
And I am glad for this, I would rather canada get the money then the middle east who all want to kill us!
 Quoting: Anonymous Coward 44377051


Sometimes, I too want to kill ya! lol. Only kidding.