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If It Wasn't For Obamacare, Q1 GDP Would Be Negative

Tyler Durden's picture




 

Here is a shocker: for all the damnation Obamacare, which according to poll after poll is loathed by a majority of the US population, has gotten if it wasn't for the (government-mandated) spending surge resulting from Obamacare, which resulted in the biggest jump in Healthcare Services spending in the past quarter in history and added 1.1% to GDP ...

... real Q1 GDP (in chained 2009 dollars), which rose only $4.3 billion sequentially to $15,947 billion, would have been a negative 1.0%!

 

It's curious how the weather impacted (or rather is used as an excuse to explain) everything but government-mandated healthcare spending in the first quarter.

And of course, for all those who correctly point out that mandatory spending on healthcare, also known as malinvestment, took away from spending on every other discretionary item possible, well... you are right.

 

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Wed, 04/30/2014 - 09:14 | 4711519 Occams_Chainsaw
Occams_Chainsaw's picture

Finally....something positive about Oboogercare.  /sarc

Wed, 04/30/2014 - 09:19 | 4711538 DeadFred
DeadFred's picture

Or maybe if we hadn't had to spend our limited resource on extra healthcare costs we could of used it on something else? Still near zero growth but we could have had more widgets to play with.

Wed, 04/30/2014 - 09:20 | 4711556 john39
john39's picture

so obozo care is what passes for productivity these days? what a fuckfest.

Wed, 04/30/2014 - 09:22 | 4711566 negative rates
negative rates's picture

If it wasn't for poor education, we would be a healthy country that wouldn't need obamacare.

Wed, 04/30/2014 - 09:26 | 4711583 knukles
knukles's picture

Aaaaarrragh

Just think of all that money not being spent on Real Health Care, but bureaucratic Bull-Shit

      I'm going to a meeting ... this is the crazy train

Intangibles... Don't forget the new Imaginary Intangibles

Wed, 04/30/2014 - 09:27 | 4711597 LetThemEatRand
LetThemEatRand's picture

Obamacare has always been about lining the pockets of insurance companies by forcing people to buy private insurance.   Pure fascism disguised as socialism.  Here's proof.   People are right to hate it, but most hate it for the wrong reasons.

Wed, 04/30/2014 - 09:40 | 4711647 Ignatius
Ignatius's picture

"If It Wasn't For Obamacare, Q1 GDP Would Be Negative"

A tax becomes GDP

Wed, 04/30/2014 - 09:45 | 4711685 notbot
notbot's picture

Uh, "broken window fallacy" anyone?

Wed, 04/30/2014 - 09:50 | 4711716 SWRichmond
SWRichmond's picture

Deficit spending has always been about making GDP growth positive.  Deficit numbers are chosen based on this, not on any perceived social need.

An examination of deficit spending trends versus recessions and GDP will show this.  Look at various debt charts on FREDGRAPH.  It is blatantly obvious.

Wed, 04/30/2014 - 09:51 | 4711723 Mark Carney
Mark Carney's picture

A sign of things to come.

 

Gold price shock will come soon enough when the bigs start taking hits.........LIKE NOW!

Barrick Gold Corp (ABX.TO:Quote) reported a dramatic drop in first-quarter earnings on Wednesday 

 

First-quarter profit at Barrick Gold shrank 90 per cent, underscoring the tough environment for world’s largest gold producer following the end of merger talkswith its closest rival.

Wed, 04/30/2014 - 09:59 | 4711773 SafelyGraze
SafelyGraze's picture

notbot has it right

what we need is more sick people

chronically ill

more-chronically-iller people

 

Wed, 04/30/2014 - 10:06 | 4711805 Shocker
Shocker's picture

So a temporary increase

Layoff list
http://www.dailyjobcuts.com

Wed, 04/30/2014 - 10:51 | 4711992 dontgoforit
dontgoforit's picture

A false-positive.

Wed, 04/30/2014 - 10:59 | 4712033 pods
pods's picture

So are we now going to count items in people's online carts for GDP?
Damn, just fixed the economy.  Bollinger time!

(or in my case, maybe some cheap tequila)

pods 

Wed, 04/30/2014 - 11:04 | 4712078 Richard Chesler
Richard Chesler's picture

GDP = C + I + G + (Ex - Im) + Theft


Ok got it.


Wed, 04/30/2014 - 09:59 | 4711774 Manthong
Manthong's picture

I don’t care about government spending anymore because these idiots are going to spend us into oblivion anyway..  it’s the shackle’s and chains that come with crap like Obamacare that I care about.

Wed, 04/30/2014 - 09:46 | 4711690 I am more equal...
I am more equal than others's picture

 

 

 

Did Kafka and Orwell have a baby?

Wed, 04/30/2014 - 10:18 | 4711849 Kayman
Kayman's picture

Gross Deceitful Product

You take a handful of change out of one pocket, spill a bunch on the ground, put the rest back into the other pocket, and GDP increases. Insanity and we live it every day.

Wed, 04/30/2014 - 10:55 | 4712012 oldmanofthesee
oldmanofthesee's picture

So, the blackmailed Chief Justice Roberts, rewites Obozocare to be able to declare it a tax. All tax legislation must originate in the House. This abomination originated in the Senate. How is the blackmailed Chief Justice Roberts goingto  handle this sweet conundrum, now before the SCOTUS?

Wed, 04/30/2014 - 09:41 | 4711660 NidStyles
NidStyles's picture

Fascism came from Socialism. 

Wed, 04/30/2014 - 10:19 | 4711847 LetThemEatRand
LetThemEatRand's picture

Don't forget the other "isms" in play, including crony capitalism, militarism, and authoritarianism.  They all had a seat at the table.   We've never had true socialism in America (ownership of the means of production by the people).   We could debate until the end of time on this point, but as many posters here have observed recently, most human beings want a leader and that's why societies always fall into the Lord/Serf model.  All of the isms are just attempts to put names on the tools in the tool sheds of the oligarchs.

Wed, 04/30/2014 - 11:09 | 4712105 Harbanger
Harbanger's picture

"We've never had true socialism in America (ownership of the means of production by the people)."
We've been a socialist centrally planned economy since the creation of the Fed by your progressive Hero, Pres. Wilson. Yes. So you want to abolish private property by giving ownership to the state(ownership of the means of production , land, by the people) Every diehard leftist like yourself still believes that Communism was never truly implemented or given a chance to work, but it would if it were done right.

Wed, 04/30/2014 - 14:28 | 4713071 malek
malek's picture

How clear-sighted you seem to be on reasons for fascism (most human beings want a leader)

while willfully ignoring the even stronger "most humans want something for nothing" which drives us towards socialism.

Wed, 04/30/2014 - 10:42 | 4711958 SAT 800
SAT 800's picture

Couldn't be more correct.

Wed, 04/30/2014 - 13:21 | 4712744 AndrewJacksonsGhost
AndrewJacksonsGhost's picture

It is a combination of fascism and socialism. Do you think all the subsidies are not a form of socialism? How bout those that have to pay nothing and everyone else has to pay for them?

Wed, 04/30/2014 - 09:31 | 4711602 Rainman
Rainman's picture

Obviously... somebody forgot to throw in the $10 billion imaginary value of the Captain America film ...

Wed, 04/30/2014 - 09:29 | 4711573 ArkansasAngie
ArkansasAngie's picture

Malinvestment!!!!!

WTF

The malinvestments need to be divested (unfunded).  And yes it will take a reset.  And yes ... it's going to hurt.  But ... by golly ... it is necessary.

This crap can't be allowed to continue.

Talking about national interests.

Wed, 04/30/2014 - 10:48 | 4711974 Miffed Microbio...
Miffed Microbiologist's picture

This spending will have terrible ripple effects. Our lab is 500k over budget this year primarily due to supply costs. My box of sterile plastic pipets went from $50/box to $150/box last year. This will cripple small hospitals unable to purchase in high volumes. With reduced reimbursements, I am unable to see how this can be solved by simple cost cutting measures. Massive structural change must come about...perhaps the plan all along. Layoffs are in the future.

Miffed;-)

Wed, 04/30/2014 - 10:02 | 4711788 SAT 800
SAT 800's picture

Indeed. And don't forget the wholesale Amnesty for Illegal Aliens that's on the agenda to make sure there are no wage rises. A very pretty picture indeed.

Wed, 04/30/2014 - 10:28 | 4711889 VD
VD's picture

long live the Kenyan (not to be confused with Keynesian) Multiplier

Wed, 04/30/2014 - 09:22 | 4711563 NoDebt
NoDebt's picture

Not to pick nits, but it's not even as good as -1%.  Factor in the perennially understated "GDP Deflator" and we just printed -3% EASY.

Now, since the 1st quarter for every year in recent memory has been a disaster I want all of your to go out there, open a margin account and BUY FREAKING STAWKS. As many as you can get your hands on, doesn't matter which ones.  Right now.  Or you'll miss the huge run-up.

Wed, 04/30/2014 - 09:47 | 4711692 ArkansasAngie
ArkansasAngie's picture

Can they get away with untapering the untaper?

One more time ... lack of liquidity is NOT the same as insolvency.  If you are solvent and need liquidity, somebody will loan you the money.  If you are insolvent only your buds at the Fed will lend you the money.  Of course you do have to be annointed TBTF or play golf with the Obumster.

Wed, 04/30/2014 - 10:31 | 4711903 Drifter
Drifter's picture

If GDP excluded financial sector spending (stocks, bonds, etc), just included true economic activity, it would be negative 5% - 8% every year since 2008.

Only thing growing is financial sector thanks to $50 billion pumped into it every month since 2008.

And federal govt of course, thanks to $50 billion pumped into it every month since 2008.

Financial sector and federal govt. Only things growing these days. Every other sector of the economy is shrinking.

This can't go on forever, and it's not intended to go on forever, just till financial sector and federal govt asset-strip rest of the country.

Which has been the plan all along.

Wed, 04/30/2014 - 09:24 | 4711580 Payable on Death
Payable on Death's picture

Right, DF. But, what of the other 98.9%? We'd be negative but for various parts of that as well.

Wed, 04/30/2014 - 09:26 | 4711595 NoDebt
NoDebt's picture

Nah, nah, nah.  Doesn't work like that.  RoboCare is a government spend.  It's paid for with money poofed out of thin air.  There is no trade-off against other spending.  

Wed, 04/30/2014 - 09:55 | 4711747 dontgoforit
dontgoforit's picture

And how does the billions in QE fit into this +1%?  What a shit-show.

Wed, 04/30/2014 - 09:29 | 4711600 Stoploss
Stoploss's picture

Everyone does realize this has to double next Q to maintain.

Then it gets interesting.  You know, where that warm fuzzy feeling ends up being the hair standing up on the back of your neck......

Wed, 04/30/2014 - 09:56 | 4711755 dontgoforit
dontgoforit's picture

Or the piss running down your leg as you realize your entire world is being inverted.

Wed, 04/30/2014 - 09:53 | 4711736 Max Cynical
Max Cynical's picture

"The cost of federal regulations is now bigger than the entire economies of all but nine countries in the world."

"The "regulation tax" imposed on the economy now tops $1.86 trillion."

 "On a per-household basis, federal regulatory costs average $14,974"

"When regulatory costs are combined with federal spending, Washington's share of the economy rises to an eye-popping 31%."

http://news.investors.com/042914-698787-regulatory-economy-booms-under-p...


Wed, 04/30/2014 - 10:09 | 4711816 lakecity55
lakecity55's picture

After all this time and all the evidence, you are just now axing the question?

Wed, 04/30/2014 - 09:14 | 4711521 Xibalba
Xibalba's picture

Explains the white flag being waved from the Red Team. 

Wed, 04/30/2014 - 09:19 | 4711547 NoDebt
NoDebt's picture

You said a mouthful there, man.

Wed, 04/30/2014 - 09:22 | 4711567 john39
john39's picture

that and the fact that most idiot politicians take their orders from the same place... big money and behind the scenes handlers...   current system no longer even pretends to be legitimate.  more like a freak show.

Wed, 04/30/2014 - 09:49 | 4711710 ArkansasAngie
ArkansasAngie's picture

Neither a Republican nor Democrat be.

 

Wed, 04/30/2014 - 15:00 | 4713273 Kobe Beef
Kobe Beef's picture

Join the Arsonist Party. Our platform is Arsonism. We don't have planks, just targets.

Wed, 04/30/2014 - 09:14 | 4711523 Occident Mortal
Occident Mortal's picture

genius

Wed, 04/30/2014 - 09:16 | 4711534 1stepcloser
1stepcloser's picture

See the oven installations for the death panels is a job creator.

Wed, 04/30/2014 - 09:51 | 4711719 ArkansasAngie
ArkansasAngie's picture

And they chose Pine Bluff, Arkansas to build as FEMA camp.

Wed, 04/30/2014 - 10:33 | 4711911 thatthingcanfly
thatthingcanfly's picture

Not a fan of FEMA; but if I were going to build a FEMA camp, I'd put it in Pine Bluff. Most of the inhabitants of that town... well, nevermind.

Wed, 04/30/2014 - 11:05 | 4712080 MuleRider
MuleRider's picture

I can actually say I was born there....and your analysis is spot on. 

Wed, 04/30/2014 - 11:48 | 4712306 Meat Hammer
Meat Hammer's picture

I vote for Stockton, CA

Wed, 04/30/2014 - 10:34 | 4711918 BeansMcGreens
BeansMcGreens's picture

Will having to dig your own spot in a mass grave be considered a shovel-ready job?

Wed, 04/30/2014 - 09:16 | 4711536 put_peter
put_peter's picture

But nemployment is 6.5%... wait at minute... blue screen of death of economy.

Wed, 04/30/2014 - 09:17 | 4711540 MFL8240
MFL8240's picture

So this proves that Communism works?  lol

Wed, 04/30/2014 - 09:17 | 4711542 madcows
madcows's picture

Fantastic.  The insurance companies, who don't invest or produce or do anything to grow the economy, just took more of our money.  HEALTH INSURANCE LOBBYISTS ARE WINNING!

Wed, 04/30/2014 - 09:20 | 4711549 Cattender
Cattender's picture

their Numbers are LIES.. Guess what? there is NO RECOVERY!!!!

Wed, 04/30/2014 - 09:52 | 4711730 Oldwood
Oldwood's picture

If the captain and crew are to successfully manage to escape into the few life boats before before the ship slips beneath the waves, it is very very important to maintain a sense of calm and reassurance amongst the passengers. We wouldn't want a panic, now would we? No, no, we are not sinking, the on board waterpark has simply sprung a leak, which explains your wet feet you see. All is well, go about your business knowing professionals are at the helm.

Wed, 04/30/2014 - 10:14 | 4711831 RafterManFMJ
RafterManFMJ's picture

For best results lock and barricade yourself in your own cabin*1 and float on the beautiful music from the on-deck orchestra.*2

1-mind
2-sports/circuses

Wed, 04/30/2014 - 09:19 | 4711550 buzzsaw99
buzzsaw99's picture

consumption is production /orwellian

Wed, 04/30/2014 - 10:59 | 4712029 Der Wille Zur Macht
Der Wille Zur Macht's picture

Gross Domestic Production is truly Gross Domestic Consumption. A rather poor indicator of overall economic well-being.

Here's an article that hits the nail on the head: http://bawerk.net/?p=54 

Wed, 04/30/2014 - 09:20 | 4711551 youngman
youngman's picture

A lot of it was Utilities too...bigger energy bills....this next quarter will be food bills....

Wed, 04/30/2014 - 09:26 | 4711592 negative rates
negative rates's picture

Quarter after that, the car bill, followed by the health care bill. It's like wanting to grow the economy in tornado alley because it will create jobs in the new climate change environment.

Wed, 04/30/2014 - 09:52 | 4711728 ArkansasAngie
ArkansasAngie's picture

If y'all are counting on Mayflower Arkansas to be the engine of this country then we are in serious trouble.

Wed, 04/30/2014 - 10:35 | 4711929 thatthingcanfly
thatthingcanfly's picture

... or Vilonia.

I have some relatives who were pretty close to that tonado's path. Felt the powder burns from that one. A mile wide - good grief.

Wed, 04/30/2014 - 09:20 | 4711554 blue gkm
blue gkm's picture

weather related or fundemental flaws? I choose number 2

Wed, 04/30/2014 - 09:21 | 4711564 A_Nejad
A_Nejad's picture

Half your military spending, problems solved....oh wait.

Wed, 04/30/2014 - 09:53 | 4711734 ArkansasAngie
ArkansasAngie's picture

They don't want to bring all those trained soldiers back home when there ain't no jobs for them.

Wed, 04/30/2014 - 09:22 | 4711570 Sudden Debt
Sudden Debt's picture

THANK YOU OBAMA!! SAVED BY DUMBO!

Wed, 04/30/2014 - 09:27 | 4711596 negative rates
negative rates's picture

Do I hear aeroplanes?

Wed, 04/30/2014 - 09:45 | 4711682 Sudden Debt
Sudden Debt's picture

no... it sounds more like a humming sound that keeps getting louder and louder...

Wed, 04/30/2014 - 09:53 | 4711737 ArkansasAngie
ArkansasAngie's picture

Drones?

Wed, 04/30/2014 - 09:22 | 4711571 Unknown Poster
Unknown Poster's picture

GDP would have been higher if 0-care hadn,t cut costs. :-)

Wed, 04/30/2014 - 09:24 | 4711576 i_call_you_my_base
i_call_you_my_base's picture

If they hadn't changed the GDP calculation recently, it would also be negative.

Wed, 04/30/2014 - 10:00 | 4711780 dontgoforit
dontgoforit's picture

Forgot about that already - haven't we?

Wed, 04/30/2014 - 15:19 | 4713348 Kobe Beef
Kobe Beef's picture

You know it's really FUBAR when this is all they have left to generate a barely positive print.

Wed, 04/30/2014 - 09:25 | 4711584 NOZZLE
NOZZLE's picture

If a nation collectively spent money on healthcare to improve the health of its workforce so it could be more productive that would be one thing.

What this nation spends on healthcare for is people that have made bad dietary and other lifestyle choices so we can extend their worthless lives.

Wed, 04/30/2014 - 10:11 | 4711824 SAT 800
SAT 800's picture

Don't be ridiculous. Obamacare solved a problem that didn't exist. We don't have a "workforce" because the oligarchs sold the manufacturing to 'China. Wake up.

Wed, 04/30/2014 - 09:25 | 4711585 Mr. Delicious
Mr. Delicious's picture

GDP isn't meaningless - but it's in the same ZIP code.

 

Wed, 04/30/2014 - 09:25 | 4711587 Spungo
Spungo's picture

Winning the war against the middle class!

Wed, 04/30/2014 - 09:25 | 4711588 NoWayJose
NoWayJose's picture

Isn't 'bad weather' one of the excuses you can use to sign up 'late' for Obamacare?

Wed, 04/30/2014 - 09:27 | 4711589 gaoptimize
gaoptimize's picture

I've never before been so disapointedby a Zerohedge story. A short-term bump in GDP due to increased Government spending does not reprsent a a sustainable increase in the productive capacity of the US economy.  It is just pulling more future consmption forward at the cost of more debt, and in this case, the dismantling and socializaion of 1/6th of the US economy.  If such a strateg was viable why not double gov spending?

Wed, 04/30/2014 - 09:29 | 4711604 john39
john39's picture

no doubt in plans... just give them time.

Wed, 04/30/2014 - 09:29 | 4711607 agstacks
agstacks's picture

Dude, your sarc meter's batteries must be dead..

Wed, 04/30/2014 - 09:34 | 4711631 Tyler Durden
Tyler Durden's picture

Did you at least pretend to read the post?

Wed, 04/30/2014 - 10:57 | 4712014 Pure Evil
Pure Evil's picture

Wow!

Did Tyler just make someone his prison bitch?

Wed, 04/30/2014 - 09:35 | 4711634 Van Halen
Van Halen's picture

Thumbs up for pointing out the obvious, but it's really not so obvious to a huge majority of our population who believe more spending equals good. And if we'd only get the government to do "_____", why, we'd be doing a lot better.

Wed, 04/30/2014 - 09:39 | 4711646 Van Halen
Van Halen's picture

Sorry -  hit it twice by accident. Double post.

Wed, 04/30/2014 - 09:54 | 4711740 gaoptimize
gaoptimize's picture

Oops.  Should have read the whole article. Sorry.

Wed, 04/30/2014 - 10:08 | 4711814 SAT 800
SAT 800's picture

Reading Challenged. Get a helper to Read for you.

Wed, 04/30/2014 - 09:28 | 4711598 intric8
intric8's picture

"Obamacare, which according to poll after poll is loathed by a majority of the US population,"- then why did it pass? why hasnt it been repealed? lol

Wed, 04/30/2014 - 09:47 | 4711613 Dr. Engali
Dr. Engali's picture

Because both sides of the statist parties want it. They know where the money is flowing as the boomers age. Next up for .gov take over is mandatory long term care for nursing homes. There is no opposition party that represents the people.

Wed, 04/30/2014 - 10:04 | 4711796 lakecity55
lakecity55's picture

"You see, Congressman, unless you play ball, these photos will be released."
"Hey, dumbass, this is stuff on Barney Frank."
"Not after we get through fixing it. It will belong to YOU."
"OK, where do I sign?"

Wed, 04/30/2014 - 09:47 | 4711697 forwardho
forwardho's picture

Control... Naked... Merciless... Control.

 

Wed, 04/30/2014 - 09:56 | 4711756 intric8
intric8's picture

point im making is that yet again, the clowns on the L and R act upon their own agendas and americans get the shaft. This is typical washington and americans HAVE NO representation. It is fucking madness.

Wed, 04/30/2014 - 10:07 | 4711810 SAT 800
SAT 800's picture

The point you are making is FALSE, Ronney promised to repeal Obamacare; why didn't you make it your job to work for his election? Because you're lazy and irresponsible, of course. And your cover story is "it doesn't matter who gets elected"; an obvious piece of nonsense.

Wed, 04/30/2014 - 11:04 | 4711994 Overfed
Overfed's picture

During his first campaign, O'bomb-a promised to repeal the "Patriot Act". His first order of business after the selection was to renew it. They're all fucking liars. BTW, I wrote in Ron Paul in '08 and '12.

Wed, 04/30/2014 - 10:14 | 4711828 forwardho
forwardho's picture

Refer to the Senate  vote on the NDAA; 93 out of 100 decided to label citizens terryrists if the citizens dare to be belligerent.

For comfort and ignorant bliss, our soul has been sold to the very Devil.

Wed, 04/30/2014 - 09:58 | 4711708 Mercury
Mercury's picture

Well for starters the only people who can repeal are the only people who aren't subjected to it.

Funny how it worked out that way.

Wed, 04/30/2014 - 10:01 | 4711783 lakecity55
lakecity55's picture

"Let me be clear: After enough people drop dead from my shitty fake healthcare scam, there will be moar jobs available! Forward, Comrades!"

Wed, 04/30/2014 - 10:05 | 4711802 SAT 800
SAT 800's picture

Why is it the consensus opinion on Zero Hedge that it doesn't matter who you elect ? Does anyone actually think a Republican would have jammed this obscene monstrosity of legislation thru Congress? Is anyone crazy enough to believe this? And yet, when I try to explain to people here that they need to vote, I'm met with a shit storm of denial; "it doesn't make any difference"; well, if it doesn't make any difference, then what are you complaining about?

Wed, 04/30/2014 - 10:20 | 4711860 HobbyFarmer
HobbyFarmer's picture

It's a big club...and you're not in it.  RIP Carlin.

Wed, 04/30/2014 - 11:05 | 4712082 Dumpster Fire
Dumpster Fire's picture
Medicare prescription D
Wed, 04/30/2014 - 12:48 | 4712585 Blano
Blano's picture

Easy.  Because repeal wouldn't pass both House and Senate, and even if it does Half Black Cracker will veto it. 

Wed, 04/30/2014 - 09:31 | 4711615 Smegley Wanxalot
Smegley Wanxalot's picture

Nice to know Oblowhardcare got that cost curve under control.

Wed, 04/30/2014 - 09:32 | 4711620 Van Halen
Van Halen's picture

Government, which produces nothing, is now responsible for what little growth we have.

Wed, 04/30/2014 - 09:53 | 4711666 Rainman
Rainman's picture

edit > .gov runaway deficit spending is now responsible for what little growth we have.

Wed, 04/30/2014 - 09:43 | 4711669 forwardho
forwardho's picture

Agree, but in theory the money they spend is taken from us, and thus would seem to be a net loss. In reality the money they are spending is created out of whole cloth (imaginary debt) and therfore cannot be considered "growth" at all.

Wed, 04/30/2014 - 10:02 | 4711787 Oldwood
Oldwood's picture

Hey, we don't give a damn about production. Consumption is the only thing that matters and we can do that forever on fake and borrowed money, right? How many people actually produce anything now? Of those who have jobs, how many actually design, make or distribute anything versus marketing, finance, paper shuffling, human resources, multitudes of middlemen sales people selling the same shit from one level to another. Just imagine a world where everyone is doing something actually productive. Now that's a fucking Utopia my friends. Just imagine a world where people concentrate their efforts providing goods and services that people actually truly wanted and needed rather than the endless crap that we must be SOLD, convinced that we need and can't live without. How much of the price of anything is the actual material and labor costs to produce, without the marketing and overhead costs that come with it?

But we really don't want to talk about that now do we. We just want to know how to make a fast buck without having to do much of anything.

Wed, 04/30/2014 - 09:33 | 4711626 Atomizer
Atomizer's picture

Another example of US government padding ObamaCare taxpayer revenue inflows to justify the solvency of government balance sheet. In the old days, it was called extortion. By today's standards, Federal Reserve prints to offset the difference. 

Wed, 04/30/2014 - 09:34 | 4711629 q99x2
q99x2's picture

Obama destroyed the economy. Now he is coming for our lives.

Impeach Washington D.C.

Wed, 04/30/2014 - 09:39 | 4711648 Charles Nelson ...
Charles Nelson Reilly's picture

just give me a little notice to get outta here before, mmmmmmmk?

Wed, 04/30/2014 - 09:58 | 4711771 lakecity55
lakecity55's picture

Bath House: "My work is almost done!"

"Where are my minions?"

Lindsay and John: "Here we are, Master!"

"Go forth and wreak havoc!"

Wed, 04/30/2014 - 09:39 | 4711649 CHX
CHX's picture

Adjust just about any economic metric by CPI (or shadow stats inflation rates) and see what's REAL "growth" (hint: think shrinkage).

Wed, 04/30/2014 - 09:40 | 4711652 moneybots
moneybots's picture

"If It Wasn't For Obamacare, Q1 GDP Would Be Negative"

 

"real Q1 GDP (in chained 2009 dollars), which rose only $4.3 billion sequentially to $15,947 billion, would have been a negative 1.0%!"

 

Real GDP was negative as debt was greater than output.

 

Wed, 04/30/2014 - 10:01 | 4711784 loonyleft
loonyleft's picture

Real GDP was negative as debt was greater than output.

shushie. Noboby wants to hear that.

Wed, 04/30/2014 - 09:40 | 4711656 Fix It Again Timmy
Fix It Again Timmy's picture

If each person in the US licked someone else's ass and charged $20, that would also boost GDP...

Wed, 04/30/2014 - 10:05 | 4711804 headhunt
headhunt's picture

I suppose they should start at the top and lead by example

Wed, 04/30/2014 - 10:40 | 4711953 Pure Evil
Pure Evil's picture

They already are. Just tune in to any session of Congress on C-SPAN and you'll see an orgy of ass licking going on in both chambers, lead of course by the top ass licker over in the offal office.

Wed, 04/30/2014 - 09:42 | 4711668 trippy64
trippy64's picture

Except, if Obamacare didnt exist, the economy may be on a whole different track. Meisleading headline anc conclusion.

Wed, 04/30/2014 - 10:55 | 4711957 Pure Evil
Pure Evil's picture

But, Obamacare does exist, so the headline and conclustion are apropos.

Wed, 04/30/2014 - 10:48 | 4711972 Infinite QE
Infinite QE's picture

There is no economy anymore. It's been gutted and is all in Asia. ACA was designed to empty the final coins out of Amerikans pockets before they drop. Another zio-sham from the orc Emmanuel family.

Wed, 04/30/2014 - 10:52 | 4712001 SAT 800
SAT 800's picture

That's the way it looks to me.

Wed, 04/30/2014 - 10:53 | 4712005 SAT 800
SAT 800's picture

nonsense. what whole different track? you're goofy.

Wed, 04/30/2014 - 09:47 | 4711694 plongka10
plongka10's picture

US Q1 GDP of $16 trillion? WINNING

Wed, 04/30/2014 - 09:47 | 4711695 Freewheelin Franklin
Freewheelin Franklin's picture

Sure. "Broken windows" can initially boost the economy. It's the long term, unintended consequences that are a bitch. 

Wed, 04/30/2014 - 09:50 | 4711715 Everybodys All ...
Everybodys All American's picture

If it wasn't for the new rigging of the gdp calculation this past year it would be negative as well.

Wed, 04/30/2014 - 09:52 | 4711731 Longarm
Longarm's picture

That's why it was so important to push it thru when they did, duh...

Wed, 04/30/2014 - 10:02 | 4711754 Save_America1st
Save_America1st's picture

since when does stealing money from people and giving it to insurance companies, banks, and stuffing it in the pockets of politicians and lobyists become GDP???

What is produced by this?  What benefit to GDP could possibly be calculated by causing an artificial massive rate and/or tax hike on half the population while the other half sucks it up or it gets stolen by corporations and the government?

This is taking from income that was already earned and taxed and then redistributed to many of those who are not working and who are already taking more from other entitlement programs which again are also suplemented by taking/stealing from those who are working.

Not to mention a massive chunk O-FUCK-YOU-CARE is also funded by borrowing money from China and other nations or printing this shit out of thin fucking air.

Am I fucking missing something here, or is Paul Fucking Krugman now ghost-writing for ZeroHedge???????? 

What the fuck???

 

Wed, 04/30/2014 - 10:23 | 4711871 HobbyFarmer
HobbyFarmer's picture

You're missing something....reread the article.

Wed, 04/30/2014 - 10:35 | 4711931 Save_America1st
Save_America1st's picture

Ha....you're right, I guess I did.  My brain fucking blew up in .00023285 seconds as soon as I began to read the title of the article!  LOL

Just gets me so pissed off and my eyes start to shoot blood!  

thanks 

Wed, 04/30/2014 - 11:13 | 4712121 HobbyFarmer
HobbyFarmer's picture

no worries, in the fight club we all have each other's backs.  when we're not fighting.

Wed, 04/30/2014 - 10:36 | 4711932 forwardho
forwardho's picture

Its called Sarcastic Irony.

Sheesh!

Wed, 04/30/2014 - 10:43 | 4711963 Pure Evil
Pure Evil's picture

You're overthinking this. You're a slave and what you earn and own belongs to your masters.

Wed, 04/30/2014 - 09:56 | 4711758 lakecity55
lakecity55's picture

Comrades! Thanks to centralized control of the economy, our Queen has managed to save the GDP from negative territory!

Wed, 04/30/2014 - 09:59 | 4711766 ejmoosa
ejmoosa's picture

Bullshit.

If it was not for Obamacare, companies would not be figuring out how to reduce headcount to be the system.

 

Obamacare rewards those who keep their businesses smaller, and resist expanding.

So your conclusion is total bullshit.

 

 

 

Wed, 04/30/2014 - 10:04 | 4711797 Shizzmoney
Shizzmoney's picture

Paper shuffling up 20000000% in Q1

Wed, 04/30/2014 - 10:04 | 4711798 lasvegaspersona
lasvegaspersona's picture

sooooo...if we give all our money to the insurance companies we will look even better?

I heart Amurika...let's all do this thang thats got to be done. Lets  make a pledge and keep the lie alive.

Wed, 04/30/2014 - 10:06 | 4711806 lasvegaspersona
lasvegaspersona's picture

btw welcome to the Greatest Depression, Year 6...FTW!!!

Wed, 04/30/2014 - 10:29 | 4711862 RevRex
RevRex's picture

"Your raycistststs. evrywun now it recoverree sumner five"

 

Al Sharpton April 2014

Wed, 04/30/2014 - 10:07 | 4711808 Took Red Pill
Took Red Pill's picture

We just got a letter from my wife's employer stating that our cost are going up $190 a month. That's money right out of our pocket. Plus, the deductible goes from $2000 to $4000! So, our health care costs just went up almost $4300 a year on top of what we already pay in payroll deductions, copay's, rx's and deductibles. So much for the Affordable Heath Care Act!

Wed, 04/30/2014 - 10:11 | 4711821 SheepDog-One
SheepDog-One's picture

But....it added to precious GDP! Aren't you so excited that once again the ass hat crooks running the show got another free pass due to your further hardship? Yay!

Wed, 04/30/2014 - 10:33 | 4711912 RevRex
RevRex's picture

The Tea Party said that would happen 4 years ago but they were "raycisstststs" for not supporting Obama's visions for America.

 

Funny how the Socialist Semite Democrat Media treats the two parties so differently, since "both parties are the same".......

Wed, 04/30/2014 - 10:46 | 4711969 Infinite QE
Infinite QE's picture

Boycott the bankster run ACA. Check out Libery Health Share and other such entities. Feck zio-banking cabal!

Wed, 04/30/2014 - 10:48 | 4711977 Pure Evil
Pure Evil's picture

Listen you fucker. You should be grateful the Great God Obama has deemed you worthy enough to partake in his most honorable scheme to fleece your pockets.

So, take it like a man and the next time you're getting ass raped by The Messiah and his cronies in D.C. ask if you can supply your own lube to help prevent chaffing.

Wed, 04/30/2014 - 11:07 | 4712090 Dudeskis
Dudeskis's picture

Shut your mouth and get back to work.

If you complain about your situation again we'll put you up against the wall.

Need an audit? I thought so.

Wed, 04/30/2014 - 11:23 | 4712174 Pure Evil
Pure Evil's picture

Of course, the "get back to work" only applies if your white.

White workers, the new slaves on the Federal tax plantation.

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