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Author: [General Discussion] Topic: is the economy toast?
mainmanmainman2 send a private message View Space | Blog | Friends | Playbook |
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#1
Posted: 7/23/2012 10:49:13 PM
havent seen any new cars on the road lately... july 4th weekend was suppose to a big deal for tha automakers/dealers.


and graduation from college/high school...

what about ur neighborhood? anyones driveway have a new car?
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#2
Posted: 7/23/2012 11:02:46 PM
You live in Antarctica dbag








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#3
Posted: 7/23/2012 11:04:11 PM
Car sales are hardly the best barometer although automakers have been reporting some robust sales months. 

I think the best barometer is the fact that there were like 10 Republicans running for the nomination each saying "the sky is falling". If things were really that bad I'd think reasonable people wouldn't want anything to do with it. 

The economy is limping along and won't significantly improve until the Eurozone shits or gets off the pot and America begins to demand jobs creation HERE returns.  

Measurable improvement will only be attained through growth. 


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#4
Posted: 7/23/2012 11:11:41 PM
It will take a good amount of time to comeback from that last republican president. $3,000,000,000,000.00 is a lot of money for a country to spend for no reason.



                                                                                             
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#5
Posted: 7/23/2012 11:24:40 PM
http://www.project-syndicate.org/commentary/american-pie-in-the-sky
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#6
Posted: 7/23/2012 11:26:03 PM
The Dow opened at 8,279.63 on the morning Obama took office. It is currently at 12,721.46.

                                                      
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#7
Posted: 7/23/2012 11:56:23 PM
QUOTE Originally Posted by I_Need_A_Detox:

The Dow opened at 8,279.63 on the morning Obama took office. It is currently at 12,721.46.

                                                      
  Means absolutely nothing.  The market should be much lower then it is.  It is being artificially held up.  It is only up in anticipation of a recovery which just isn't happening.  The stock market really isn't a great indicator of the economy.  It is about corporate profits.  This is a "jobless recovery."  Which means companies are making profits by cutting staff.  If you want to talk about the economy you have to talk about the unemployment rate which is 8.2%.  It was 7.8% when Obama took office.  However the real unemployment rate is about 14%.  Unemployment data is very misleading.  Those who's unemployment benefits have expired are no longer counted in the count.  So really the economy has not gotten better under Obama despite the stock market rise. 

Not sure how much longer they can keep putting bandaids on the stock market.    I guess only the big boys know when it will fall. 
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#8
Posted: 7/24/2012 12:06:55 AM
QUOTE Originally Posted by JEFFMARKETCAP:

  Means absolutely nothing.  The market should be much lower then it is.  It is being artificially held up.  It is only up in anticipation of a recovery which just isn't happening.  The stock market really isn't a great indicator of the economy.  It is about corporate profits.  This is a "jobless recovery."  Which means companies are making profits by cutting staff.  If you want to talk about the economy you have to talk about the unemployment rate which is 8.2%.  It was 7.8% when Obama took office.  However the real unemployment rate is about 14%.  Unemployment data is very misleading.  Those who's unemployment benefits have expired are no longer counted in the count.  So really the economy has not gotten better under Obama despite the stock market rise. 

Not sure how much longer they can keep putting bandaids on the stock market.    I guess only the big boys know when it will fall. 
I agree on all your points...
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#9
Posted: 7/24/2012 12:09:17 AM
QUOTE Originally Posted by JEFFMARKETCAP:

  Means absolutely nothing.  The market should be much lower then it is.  It is being artificially held up.  It is only up in anticipation of a recovery which just isn't happening.  The stock market really isn't a great indicator of the economy.  It is about corporate profits.  This is a "jobless recovery."  Which means companies are making profits by cutting staff.  If you want to talk about the economy you have to talk about the unemployment rate which is 8.2%.  It was 7.8% when Obama took office.  However the real unemployment rate is about 14%.  Unemployment data is very misleading.  Those who's unemployment benefits have expired are no longer counted in the count.  So really the economy has not gotten better under Obama despite the stock market rise. 

Not sure how much longer they can keep putting bandaids on the stock market.    I guess only the big boys know when it will fall. 


Ok, so you dismiss that one.

What was the unemployment rate when Bush took over from Clinton?

How did the last republican president handle the unemployment rate?

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#10
Posted: 7/24/2012 12:14:38 AM
You guys sound like my dad stressing over politics. Seriously. 
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#11
Posted: 7/24/2012 12:19:22 AM
14% unemployment is still a lowball number.....
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#12
Posted: 7/24/2012 12:28:15 AM
QUOTE Originally Posted by ad1260:

You guys sound like my dad stressing over politics. Seriously. 

Make a covers account for him.... 
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#13
Posted: 7/24/2012 1:26:59 AM
14% is way too low... as the class of 2012 is figuring this out, its gone up and up.
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#14
Posted: 7/24/2012 2:45:58 AM
Hi Sarah
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#15
Posted: 7/24/2012 3:21:08 AM
Of course the economy is in a world of garbage. Detox....wake the darn up. You think clinton made that economy? He helped but the reagan era policies and the internet bubble kicked behind. Bush was an idiot economically and obama doubled down on stupid. If you think obama has the answers look around you...were fucked. Obama has no clue about economics....never held a real job. Romney is a man of priveledge....knows about fat cats. Hell help them out first. We are in a world of garbage but if you think obama has an answer other than the government taking your money and giving it to someone else you need to read more. Romney will darn us too probably but obama will darn us for sure. He hates business....little ones like mine. Romney likes the rich.....were fucked. Sorry for being a person but quit worshipping an idiot.
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#16
Posted: 7/24/2012 7:29:39 AM
QUOTE Originally Posted by I_Need_A_Detox:



Ok, so you dismiss that one.

What was the unemployment rate when Bush took over from Clinton?

How did the last republican president handle the unemployment rate?

I'm not turning this into a political debate.  That was not my point.  I'm just simply saying don't give Obama credit for something he hasn't done
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#17
Posted: 7/24/2012 8:15:11 AM
QUOTE Originally Posted by JEFFMARKETCAP:

  Means absolutely nothing.  The market should be much lower then it is.  It is being artificially held up.  It is only up in anticipation of a recovery which just isn't happening.  The stock market really isn't a great indicator of the economy.  It is about corporate profits.  This is a "jobless recovery."  Which means companies are making profits by cutting staff.  If you want to talk about the economy you have to talk about the unemployment rate which is 8.2%.  It was 7.8% when Obama took office.  However the real unemployment rate is about 14%.  Unemployment data is very misleading.  Those who's unemployment benefits have expired are no longer counted in the count.  So really the economy has not gotten better under Obama despite the stock market rise. 

Not sure how much longer they can keep putting bandaids on the stock market.    I guess only the big boys know when it will fall. 




The governments claim of 8.2% unemployment irritates the HELL out of me. And yes I DO understand it needs to be held there for reelection purposes. Even Obamites are keeping quiet about how the presidents wonderful economic policies are reflected in the low unemployment rate.

Denial is getting past the point of old and is not in any way, shape, or form helping America. I have always been told, "first to fix a problem you have to acknowledge it exists." I truly do believe the president has dug himself into a hole by allowing his staff of keep the unemployment numbers from climbing as they have in reality. Now the president HAS to perpetuate the lie that the unemployment rate is only 8.2% and everybody else that wants to work is working.

I do not believe the president meant any harm or ill will to America or its people. I do believe that the presidents minions in an effort to help him have falsified data and out right lied to protect the image of the president. The problem with the presidents minions "helping him" as they have has actually sabotaged the president. The president has not had actual factual unemployment numbers to work with. By hiding the unemployment problem the president has not actually seen what his policies are really doing to America.
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#18
Posted: 7/24/2012 8:21:59 AM
There is nothing any politician can do to combat the missteps of the boomer generation. Not to mention, they cannot create petroleum, and as our aggregate global supplies continue to decline into the face of rising world consumption,,,,,what exactly did you think was going to happen?

Americans subsidized their quality of life by taking from the rest of the world for the better part of the last century. Look out your window, this is what it looks like to have the rest of the world catch up and get their chance at enjoying some of the niceties that the world has to offer

It is what you make it, personally i couldn't imagine things being any better, but that's just me. There is still infinite possibilities for those willing to work hard for them
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#19
Posted: 7/24/2012 8:39:33 AM

too many rich people sitting on mountains of cash

 

spend the garbage already

 

it's like a circle... round and round... be the ball

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#20
Posted: 7/24/2012 9:01:31 AM
QUOTE Originally Posted by ad1260:

You guys sound like my dad stressing over politics. Seriously. 



Yea, everything's gonna be alright..... http://rasica.files.wordpress.com/2011/08/img_0024.jpg?w=588
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#21
Posted: 7/24/2012 9:37:09 AM
QUOTE Originally Posted by jmilrod:

too many rich people sitting on mountains of cash

 

spend the garbage already

 

it's like a circle... round and round... be the ball


The world needs more Pacman Jones and Mike Tysons.  Guys who make millions and spend millions.

Seriously, our problem is that through technology we can get all the work done that we need to get done with a tiny fraction of our workforce.  So, we create pencil pushing jobs or bean counting jobs, that don't add anything to the economy.  Or, like they do in my home area of WNY and in other places, the government gives business millions in incentives to create tens of manufacturing  jobs.
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#22
Posted: 7/24/2012 9:43:00 AM
QUOTE Originally Posted by drJ:

Of course the economy is in a world of garbage. Detox....wake the darn up. You think clinton made that economy? He helped but the reagan era policies and the internet bubble kicked behind. Bush was an idiot economically and obama doubled down on stupid. If you think obama has the answers look around you...were fucked. Obama has no clue about economics....never held a real job. Romney is a man of priveledge....knows about fat cats. Hell help them out first. We are in a world of garbage but if you think obama has an answer other than the government taking your money and giving it to someone else you need to read more. Romney will darn us too probably but obama will darn us for sure. He hates business....little ones like mine. Romney likes the rich.....were fucked. Sorry for being a person but quit worshipping an idiot.
unfornately this statement is also spot on...so what to do? Cant vote on either without getting fucked?
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#23
Posted: 7/24/2012 9:43:43 AM
*unfortunately
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#24
Posted: 7/24/2012 9:44:16 AM
main...that avatar is highly offensive...lol...
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#25
Posted: 7/24/2012 9:46:29 AM
This one page is really all you need to know to answer your question:

http://www.usdebtclock.org/

Use the debt clock time machine feature in the upper right and open up 2008 in a new page.  Look at the differences between:

U.S national debt
Debt per taxpayer
Medicare/Medicaid expenses
Social Security expenses
Income Security expenses
Federal Reserve Monetary base
U.S Debt held by foreign countries

And there is no indication in sight that any of these figures will turn around any time in the near future.  Quite the opposite actually.

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