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Author Topic: Do you believe the economy is getting better? Back to Topics
101Speedster

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Ventura

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Message Posted: Jun 7, 2013 11:46:07 AM

What do you base your opinion on? How long will it take?

[L=http://www.zerohedge.com/news/2013-04-05/>>Things just keep getting worse for the American worker, and by implication US economy, where as we have shown many times before, it pays just as well to sit back and collect disability and various welfare and entitlement checks, than to work .The best manifestation of this: the number of people not in the labor force which in March soared by a massive 663,000 to a record 90 million Americans who are no longer even looking for work. This was the biggest monthly increase in people dropping out of the labor force since January 2012, when the BLS did its census recast of the labor numbers. And even worse, the labor force participation rate plunged from an already abysmal 63.5% to 63.3% - the lowest since 1979! But at least it helped with the now painfully grotesque propaganda that the US unemployment rate is "improving."[/L]<<

The worst labor force participation rate since 1979.


[Edited by: 101Speedster at 6/7/2013 11:48:51 AM EST]
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MarkJames
Champion Author Albany

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Message Posted: Apr 17, 2015 9:42:41 AM

<<Woman on commuter train today was talking about an opening at their company, they give preferential treatment with vets... one position that is posted gets 2,000 applicants... if they open up to non vets they get 4K applicants.>>

Back in the early 2000s we'd average around a dozen applicants for a warehouse worker position - most of them qualified.

These days we often have several dozen applicants in a shorter period of time with less advertising, however fewer are qualified.

New hire washout, suspensions and terminations are much higher as well since availability, reliability, physical/mental fitness and discipline are much lower these days.

The "potential" for a much better economy is growing, however many don't have the availability, motivation, work ethic, discipline, personality, fitness, education, knowledge, skills and experience to take advantage of growing opportunities.
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MarkJames
Champion Author Albany

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Message Posted: Apr 17, 2015 9:00:33 AM

I've fished, placed and won many fishing tournaments where prizes were awarded to the single longest Bass, Perch, Walleye, Trout and Northern Pike.

Contestants that catch a single skinny fish often beat contestants that catch many shorter, but much better quality fish.

This is a case where less Bass is better as long as one is longer.

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jeskibuff
Champion Author Tampa

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Message Posted: Apr 16, 2015 11:20:14 AM

MarkJames said: "Less Bas is The New Good..."

Not if you're a tournament fisherman! ;)
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 16, 2015 10:31:55 AM

"Airfresh, most "journalists" weren't double-majors in math. Probably avoided a math class like the plague. Regurgitation specialists, indeed!"

You love to paint with broad brush strokes, dontcha?
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 16, 2015 10:31:31 AM

"Do you believe the economy is getting better?"

I do. Is it getting better a an acceptable pace? No, the recovery has been painfully slow.

But the bottom line is that it is indeed getting better.

Even during the best of economic times, companies have found themselves struggling (hence the nature of capitalism and competition) - thus I am confused as to what the posting of anecdotal evidence regarding Walgreen's proves?
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jdhelm
Champion Author Iowa

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Message Posted: Apr 14, 2015 9:20:03 AM

comment I read from a Walgreen employee:


I have been working at Walgreens

Doesn't Recommend
Disapproves of CEO
Pros
The profit sharing was amazing but as of march it is only average now. The pride that the employees use to feel for this company is dying if not already dead.
Cons
It looks promising when you first start. I have worked there for over 3 years. I was full time until recently because of all the bad finacial management I was force to go to part-time or be laid off. They are getting ready to lay off a great deal of employees and not say anything to them. It is disgusting!!! The unemployment is going to rise now.
Advice to Management
Fire Gray Wasson. Do not open new stores if you can't pay the employees. Stop making the store employees suffer for corporate's bad decisions so they can make their bonuses. It is making america saying "home of the free and the brave" change to "home of the greed and the slave"

.

Walgreens plans to lay off 252 employees at its Central Pharmacy Operations facility in Orlando this spring.
The company on Feb. 2 filed a Worker Adjustment & Retraining Notification with the Florida Department of Economic Opportunity notifying the state that the layoffs would take place on April 2 at its facility at 8337 Southpark Circle in Orlando.

.

Another round of layoffs at Walgreens
Mar 1, 2015
FLAGSTAFF — One of the conference rooms at the Little America Hotel in Flagstaff was packed Tuesday afternoon with employers and employees from the Walgreens distribution center. Around 100 Walgreens employees were laid off on Monday. This is the second round of layoffs from the center. The first was in January when around 27 employees volunteered to leave early. More than 40 … (continue reading)

.

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I75at7AM
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Message Posted: Apr 14, 2015 9:17:31 AM

Airfresh, most "journalists" weren't double-majors in math. Probably avoided a math class like the plague. Regurgitation specialists, indeed!
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SE3.5
Champion Author Indianapolis

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Message Posted: Apr 14, 2015 9:10:55 AM

"Lazy journalism or homerism?"

Most of today's "journalists" merely rewrite articles that have already been written. If the first reporter got it wrong, they all get it wrong.
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airfresh
Champion Author Massachusetts

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Message Posted: Apr 14, 2015 9:05:59 AM

I put out an offer for an entry level part time worker. The people applying are so over qualified I'm amazed. They just can't find work at what they are accustomed to. Looking at the unemployment # or any statistic put out by the govt without looking at or understanding what is behind the number is intellectually lazy.

Our newspaper just recently did an editorial about how the CBO showed estimates of what Obamacare was going to cost the govt was 11% less. They called that a success of Obamacare. Proof health care spending was going down. Becoming more affordable.

They didn't mention the reason for the lower number was there were fewer people signed up then anticipated. They didn't mention that premiums for individuals buying or contributing to their health insurance were going up. My personal policy started at $500/month 3 years ago. Went up $100/month each of the last three years. It's now $800/month. So my premiums went up 62%. $6000/yr to $9600/yr. Affordable? Not so much.

Lazy journalism or homerism?
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reb4
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Message Posted: Apr 14, 2015 8:40:54 AM

Woman on commuter train today was talking about an opening at their company, they give preferential treatment with vets... one position that is posted gets 2,000 applicants... if they open up to non vets they get 4K applicants.

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MarkJames
Champion Author Albany

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Message Posted: Apr 14, 2015 7:37:11 AM

My niece's job at Walgreens is a good example of Less Bad Is The New Good.

Her pay and hours were cut substantially and her job security is questionable, but at least she has a job and her job pays better than average.

Many newer workers have never experienced the combination of well paying low skilled/mid skilled full time year-round secure jobs and low costs of living.

Today's crappy insecure jobs and high costs of living are their normal.

Locally the late 90s to early 2000s were the end of The Good Times for many.
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 13, 2015 10:20:55 AM

"And the policies of the current administration have made it worse. The article suggests the lower growth trend has been happening for some time. So it's not simply the fault of the Obama administration. The administration is only exacerbating and enabling the economy to flounder. Solidifying the new normal."

I agree. I have seen nothing from either party over the past decade+ in this regard... It isn't the 'new normal' anymore.
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jdhelm
Champion Author Iowa

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Message Posted: Apr 11, 2015 12:57:30 PM

ask the employees of Walgreens - if the economy is getting better
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airfresh
Champion Author Massachusetts

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Message Posted: Apr 11, 2015 12:32:04 PM

Savmor when the current administration talks of a recovery I'm reminded of something Pres Lincoln once said..."How many legs does a dog have if you call the tail a leg?......... Four. Calling a tail a leg doesn't make it a leg.
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SAVMOR
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Message Posted: Apr 11, 2015 10:24:59 AM

We are not going to know the strength of our economy until the administration stops "cooking the books" in areas like unemployment and the GDP.

[Edited by: SAVMOR at 4/11/2015 10:25:50 AM EST]
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airfresh
Champion Author Massachusetts

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Message Posted: Apr 11, 2015 9:12:51 AM

<<<Less Bas is The New Good...>>>

I'm assuming you meant less "bad" is the new good. You are right of course. I've been saying for a long time now that we are not and have not been in a recovery. Very small growth in the GDP is not a recovery. Lower unemployment #'s without considering those who are working age who are not looking and those who are underemployed working part time or at jobs earning much less then they were previously is a perfect example of less bad is the new good. Worst DGP growth in 70 years

1948-57: 3.80%
1958-67: 4.28%
1968-77: 3.18%
1978-87: 3.15%
1988-97: 3.05%
1998-2007: 2.99%
2008-2013: 0.73%
From the article..."Even if 2008 (-0.3%) and 2009’s (-3.1%) negative annual GDP percentages are dropped (something undone for the other periods) and only the 2010-13 period is averaged, the result is just 1.95% – still over a full percentage point below the previous decade’s."

I've been posting in this forum for years we need 3% growth for a real recovery. One that will produce jobs better then the ones the underemployed are working at now and enough of them to employ those who need work but have fallen off the rolls. Even factoring OUT the recession years the so called recovery is producing under 2% growth. 2% growth will not produce enough tax revenue to cover the growth of entitlements let alone produce a healthy private economy.

And the policies of the current administration have made it worse. The article suggests the lower growth trend has been happening for some time. So it's not simply the fault of the Obama administration. The administration is only exacerbating and enabling the economy to flounder. Solidifying the new normal.



[Edited by: airfresh at 4/11/2015 9:14:14 AM EST]
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MarkJames
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Message Posted: Apr 10, 2015 8:05:42 AM

Many businesses, households and individuals will never recover.

They'll just have to get used to "new normals" - higher costs of living, lower job security, lower quality of life, working longer, harder, faster and smarter for less, higher levels of stress, depression, pain, fatigue, brutal competition for customers and jobs - too much to list.

Less Bas is The New Good...

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Weaslespit
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Message Posted: Apr 7, 2015 8:35:25 AM

"I75 some people aren't interested in a rational debate. No need to feed them. If someone makes an unsubstantiated claim I'll post and rational people can make up their own minds. The irrational can clap with one hand if they like."

So then you didn't read my last post, nor referenced the link noted below.

Your hypocritical post is duly noted!
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airfresh
Champion Author Massachusetts

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Message Posted: Apr 6, 2015 11:31:22 AM

I75...Using my own business to assess the idea of a recovery. My business dropped off the table in mid Sept 2007. Long before a recession was acknowledged. I knew it because my business cycle increases in the fall. And did every fall for 20 years prior to 07. When sales dropped to levels I hadn't experienced since my first year in business I knew we hit an oncoming train. My business has not recovered back to the level it was at prior to Sept 07.

This year as I finish up my taxes... my income will show an increase in 2014. To some who would rather not look beyond the surface it would seem my business is recovering. Not so. I laid off my last full time employee in January last year. My sales were flat again but whatever I would have paid him is now income. Still no recovery. He has since exhausted all his unemployment and hasn't found a job. Newly added to the lack of workforce participation #.
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airfresh
Champion Author Massachusetts

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Message Posted: Apr 6, 2015 10:50:07 AM

I75 some people aren't interested in a rational debate. No need to feed them. If someone makes an unsubstantiated claim I'll post and rational people can make up their own minds. The irrational can clap with one hand if they like.
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 6, 2015 10:26:12 AM

"Why would you confuse weasle with the facts?"

Like this link which you seemed to have ignored from 2/25/15 (which, not surprisingly, I see you chose not to comment on);
"Now, even if the US economy continues improving—as most expect—it doesn’t mean that labor-force participation will rebound. Rather, it’s likely to keep declining for at least the next 10 years, as the baby-boomers continue to age out of the workforce. (CBO estimates that labor force participation will be at 60.8% in 2024.)

Without another giant baby boom, it will most likely never to return to the peaks seen during the late 1990s, no matter what political party is in charge. As a measure of whether Americans who should be working are working, the employment-to-population ratio for people of prime working age is much more useful.

In other words, you should stop talking about labor-force participation. After all, Obama’s conservative critics will do just that if one of their own takes over the White House in 2016."

[Edited by: Weaslespit at 4/6/2015 10:27:20 AM EST]
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jeskibuff
Champion Author Tampa

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Message Posted: Apr 6, 2015 10:12:03 AM

Weaslespit said: "Given the continued recovery of the economy, a new President is not a guarantee of something better..."

Given the unprecedented scale of failure by this one fool of a president, it's really hard to believe we could get someone worse. But there IS Fauxahontas, Biden, Her Thighness and a few others who could probably push the envelope out even further!

[Edited by: jeskibuff at 4/6/2015 10:12:51 AM EST]
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 6, 2015 10:06:59 AM

"(Link?)"

I agree, it is always helpful to understand the source of somebody's data - if not to ensure that it is not simply fabricated as most of your recent claims in varying threads are...
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I75at7AM
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Message Posted: Apr 6, 2015 9:35:10 AM

Why would you confuse weasle with the facts? (Link?)
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airfresh
Champion Author Massachusetts

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Message Posted: Apr 6, 2015 9:18:33 AM

Since 2000 the labor force participation rates of workers 55 and over have been rising steadily, and the labor force participation rates of workers between 16 and 54 have been declining.

Since 2003, those 65 years and older have seen their labor force participation rate rise from 13.99 percent to 18.7 percent. Those aged 55-64 saw their rate rise from 62.44 percent to 64.36 percent.

Meanwhile, participation by those aged 16-24 dropped from 61.56 percent in 2003 to 55.05 percent in 2013, and for those aged 25-54, it dropped from 82.98 percent to 82.01 percent.

The job market and retirement just ain't what they used to be.

It seems counter intuitive if you only think of boomers retiring but older Americans are working longer, younger people are failing to enter the labor force, and the middle-aged are dropping out. Workforce participation like unemployment and other economic statistics are far more complex then I may have made it seem. I apologize for not including other data.

[Edited by: airfresh at 4/6/2015 9:21:51 AM EST]
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 6, 2015 8:47:01 AM

"If we add back just the people who have dropped out of the workforce since 09 the unemployment rate would be 9%."

Why would you add-in baby boomers who are retiring?
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MarkJames
Champion Author Albany

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Message Posted: Apr 6, 2015 8:41:42 AM

Seems it's really tough for older low skilled workers to land jobs.

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MarkJames
Champion Author Albany

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Message Posted: Apr 6, 2015 8:39:24 AM

Locally we have the most work opportunities I've seen since the EZ Credit boom, however much of the working age population is unqualified, unavailable, or unemployable.

This is why many jobs are performed by workers with, 2, 3 or more jobs.
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airfresh
Champion Author Massachusetts

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Message Posted: Apr 6, 2015 8:38:53 AM

If we add back just the people who have dropped out of the workforce since 09 the unemployment rate would be 9%. And if we consider all who are working part time rather than full time that number is much higher.

And if we consider all who were laid off and found full time work well under what they had previously earned and the report just out initial estimates of 1st quarter growth was 0%. A couple quarters here and there of real growth followed by 0 or negative growth followed by 1-2% growth does not make a recovery. No I can't say for myself the economy is getting considerably better.

To actually experience a recovery we really need some consistent growth at least 3% over a 12-18 month span without going below IMHO.

[Edited by: airfresh at 4/6/2015 8:39:31 AM EST]
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MarkJames
Champion Author Albany

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Message Posted: Apr 6, 2015 8:34:32 AM

The most brutal winter ever hurt thousands of our customers financially, plus prevented a lot of travel, shopping and spending.

Many won't recover for a long time, if ever.

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wbacon
Champion Author Philadelphia

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Message Posted: Apr 5, 2015 5:08:07 AM

barely.....at what cost to the taxpayer?
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naw
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Message Posted: Apr 4, 2015 8:11:19 PM

yes
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I75at7AM
Champion Author Dayton

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Message Posted: Apr 4, 2015 7:43:55 PM

Welcome to the US Politics Forum, majormarket.

News Opinion:

'There's Really No Way to Sugar Coat This': US Has Hit Soft Patch

"The 126,000 increase was weaker than the most pessimistic forecast in a Bloomberg survey and followed a 264,000 gain a month earlier that was smaller than initially reported, the Labor Department in Washington said."

"The slowdown in employment was broad-based. Goods producers, including factories, construction firms and the industries that support oil and gas well drilling, cut jobs last month. Manufacturing payrolls dropped for the first time since July 2013 and employment in the leisure and hospitality industries was the weakest since September that same year."
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 4, 2015 1:17:17 PM

"To answer this question, it would require a longer post than most would want to read.

Suffice it to say, I think the economy is slowly healing - but there are one or more cylinders that are misfiring at any given time. So, the rate of healing is slow and uneven."

A very rational, well-thought out post. Agreed.
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Weaslespit
Champion Author Cincinnati

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Message Posted: Apr 4, 2015 1:15:58 PM

Another incoherent post from reb, with no actual response to the points made....
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majormarket
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Message Posted: Apr 4, 2015 8:58:43 AM

To answer this question, it would require a longer post than most would want to read.

Suffice it to say, I think the economy is slowly healing - but there are one or more cylinders that are misfiring at any given time. So, the rate of healing is slow and uneven.

A quick summary:

Jobs: Increasing but the average pay rate is relatively low.

Housing: Moving in fits and starts.

Oil: Prices plummet for the commodity which is good for consumers and users but bad for Big Oil - and their workers who may find themselves unemployed.

Manufacturing: The dollar's fierce strengthening is hurting exports but we don't export very much anymore.

Dollar and QE: The strong dollar makes our imports cheaper, which keeps a lid on inflation while the spigots of QE (an inflationary device) are closing.
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reb4
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Message Posted: Apr 3, 2015 8:20:54 PM

LOL WeasleSpit, did you notice, I posted the comment, so yes, I read it...


So my heads not spinning..

But I did get a chuckle that you thought my head was spinning...


You keep proving my point with every post you make...

My condolences to you...

Though IF you are so inclined, you may wish to read the article YOU obviously did NOT read...



Now for the reason I came to post in this topic on "Do you believe the economy is getting better?
Except for rich, Americans' incomes fell last year


"Most Americans' incomes continued to fall last year, but the richest 20 percent saw theirs rise, a new Labor Department report showed Thursday.In fresh data that adds fire to a growing debate over income inequality, the department said that Americans on average saw income decline for the second straight year in the 12 months to June 2014.

The average pre-tax income fell 0.9 percent from the same period a year earlier, to $64,432.

But broken down into quintiles, those in the top 20 percent of incomes saw their money stream grow by 0.9 percent to $166,048 on average."


No wonder Obama is hitting up the rich for donations in so many locations... it's payback for the wealth distribution to the rich....******** Every other group lost ground, with the bottom 20 percent losing the most: their average income dropped 3.5 percent to $9,818.
******* Those losses came despite an economy that was picking up pace and generating well over 200,000 jobs a month last year.****** While the majority of incomes fell, consumer spending, which accounts for about two-thirds of US economic activity, rose 1.0 percent on average.
***** The largest increase was an 11.3 percent rise in healthcare spending, which has climbed every year since 1996, to an average of $3,919.****** Housing expenditures rose 2.0 percent to $17,377.

The new data added further evidence of the widening disparity between the rich and the rest of Americans, an issue that is stirring growing concerns as the economy strains to recover from the Great Recession caused in part by Wall Street excesses.
Federal Reserve Chair Janet Yellen repeatedly has raised the issue.

On Thursday, at a Fed conference on economic and social mobility in Washington, Yellen emphasized that "roughly 80 percent of Americans across the ideological spectrum see inequality as a moderately big or very big problem," according to her prepared remarks."




So evidently as several topics have indicated the economy is great, for those that are well off...
WeasleSpit, by the way, in case you try to spin this on someone else, it was Obama that was president last year...




SMH...

[Edited by: reb4 at 4/3/2015 8:28:55 PM EST]
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Weaslespit
Champion Author Cincinnati

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Message Posted: Mar 24, 2015 3:45:07 PM

"This broad income progress came to a screeching halt around the turn of the century. Between 2002 and 2013, the incomes of most households “stagnated or declined even as they aged through nine years of expansion and two years of recession.”

reb4 said, presumably 'after' reading this;

"What Obama Could Learn from the Reagan and Clinton Economies"

Who was the President from 2002 to 2008? Talk about a spinmaster, your head must truly be spinning!
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Weaslespit
Champion Author Cincinnati

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Message Posted: Mar 24, 2015 3:17:45 PM

"667 days, 9 hours, 59 minutes until the end of the Obama presidency."

Given the continued recovery of the economy, a new President is not a guarantee of something better...

Just something to keep in mind before we start to countdown for the next year-and-a-half.
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101Speedster
Champion Author Ventura

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Message Posted: Mar 24, 2015 3:01:43 PM

667 days, 9 hours, 59 minutes until the end of the Obama presidency.
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wbacon
Champion Author Philadelphia

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Message Posted: Mar 9, 2015 6:34:23 PM

no
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reb4
Champion Author Chicago

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Message Posted: Mar 9, 2015 11:32:36 AM

What Obama Could Learn from the Reagan and Clinton Economies




"Last month, for example, the White House Council of Economic Advisers declared in a report that while job growth rose faster last year than in 2013, modest wage gains “cannot make up for decades of sub-par middle class income growth.”"
"By mining new Census Bureau statistics that report household income by age, Shapiro discovered that growth in family income for average Americans was “broad and robust” throughout the administrations of presidents Ronald Reagan and Bill Clinton, but then abruptly stopped during the eras of George W. Bush and Barack Obama. This focus on changing income patterns of different age groups over time was a far less “messy” way of measuring aggregate median income than, for example, examining all households from teen years to 64, he explained.

Among Shapiro’s main findings:

Throughout the Reagan and Clinton eras, nearly every type of household saw large, steady income gains. That held true whether the households were headed by men or women, by blacks, whites or Hispanics, or by people with high school diplomas or college degrees.
This broad income progress came to a screeching halt around the turn of the century. Between 2002 and 2013, the incomes of most households “stagnated or declined even as they aged through nine years of expansion and two years of recession.”
The only types of households that showed rising incomes over this more recent period were those headed by those in their mid-to-late 20s and college graduates, although their gains proved to be much smaller than those achieved by young and college educated households in the 1980s and 1990s."
Oh my.....



Better call in the spin masters WeasleSpit....SMH
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reb4
Champion Author Chicago

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Message Posted: Mar 8, 2015 4:32:32 PM

"Which is a cute statistic misused by those only looking for the half of the picture that fits their narrative."



THERE IS NOTHING CUTE about it for those that can no longer participate in the workforce WeasleSpit...

Employment Situation Summary

FROM the Government's web site..."The number of long-term unemployed (those jobless for 27 weeks or more) was little
changed at 2.7 million in February. These individuals accounted for 31.1 percent
of the unemployed. Over the past 12 months, the number of long-term unemployed
is down by 1.1 million. (See table A-12.)

The civilian labor force participation rate, at 62.8 percent, changed little in
February and has remained within a narrow range of 62.7 to 62.9 percent since
April 2014. The employment-population ratio was unchanged at 59.3 percent in
February but is up by 0.5 percentage point over the year. (See table A-1.)

The number of persons employed part time for economic reasons (sometimes referred
to as involuntary part-time workers) was little changed in February at 6.6 million.
These individuals, who would have preferred full-time employment, were working
part time because their hours had been cut back or because they were unable to
find a full-time job. (See table A-8.)

In February, 2.2 million persons were marginally attached to the labor force,
little changed from a year earlier. (The data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for
work, and had looked for a job sometime in the prior 12 months. They were not
counted as unemployed because they had not searched for work in the 4 weeks
preceding the survey. (See table A-16.)

Among the marginally attached, there were 732,000 discouraged workers in
February, little different from a year earlier. (The data are not seasonally
adjusted.) Discouraged workers are persons not currently looking for work
because they believe no jobs are available for them. The remaining 1.4 million
persons marginally attached to the labor force in February had not searched
for work for reasons such as school attendance or family responsibilities.
(See table A-16.)"



maybe the left should give these people the rose colored glasses you all use to look at the figures....




SMH


[Edited by: reb4 at 3/8/2015 4:34:13 PM EST]
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Weaslespit
Champion Author Cincinnati

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Message Posted: Mar 7, 2015 8:31:11 PM

"62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months"

Which is a cute statistic misused by those only looking for the half of the picture that fits their narrative.

Feel free to read the link provided below explaining this statistic without political bias.
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reb4
Champion Author Chicago

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Message Posted: Mar 6, 2015 11:57:20 PM

62.8%: Labor Force Participation Has Hovered Near 37-Year-Low for 11 Months



Jobs report doesn't reveal the whole story......
"(CNSNews.com) - The labor force participation rate hovered between 62.9 percent and 62.7 percent in the eleven months from April 2014 through February, and has been 62.9 percent or lower in 13 of the 17 months since October 2013.

Prior to that, the last time the rate was below 63 percent was 37 years ago, in March 1978 when it was 62.8 percent, the same rate it was in February."




After a Bounce, Wage Growth Slumps to 0.1%




"Employers increased their payrolls by 295,000 workers in February, exceeding expectations, and the unemployment rate fell to 5.5 percent, its lowest point since the spring of 2008. But wage gains continued to lag, rising only 0.1 percent in February for private-sector workers after a reported 0.5 increase in January."


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IammeCA
All-Star Author Ventura

Posts:585
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Message Posted: Mar 6, 2015 3:01:09 PM

"I guess we'll see in a couple of years."

I disagree. Whoever the next president is they will be starting with a different set of circumstances.

"The question is how much better could it have been without Obama?"

This is a question that can never be answered.

[Edited by: IammeCA at 3/6/2015 3:07:29 PM EST]
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teacher_tim
Champion Author Maryland

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Message Posted: Mar 6, 2015 2:51:37 PM

Sure it's getting better. The question is how much better could it have been without Obama? I guess we'll see in a couple of years.
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Weaslespit
Champion Author Cincinnati

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Message Posted: Mar 6, 2015 2:49:02 PM

"Multiple Administrations, eh?"

Did you not read what you quoted from your link? Hello?
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I75at7AM
Champion Author Dayton

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Message Posted: Mar 6, 2015 2:45:23 PM

Multiple Administrations, eh? If you look at them all since Reagan, the economy and markets performed well for most of each Administration. Clinton had a downturn at the end of his, GWBush inherited that recession, we had six or seven good years, then the "financial crisis" which tipped off a sharp and deep recession. Most large corporations and many small businesses were in good shape, financially and operationally, going into the financial crisis, and weathered it well. The recovery should have been quick and sharp as well, but has been slow and laborious. My "anti-0bama narrative", as you imagine it, is based on his poor performance in every aspect of his being President. He doesn't get a pass from me on the economy because he came in during a recession.

Today, Dow is way down based on "strong jobs report". What strange behavior. The markets should be happy that more people are working, and will have more money to spend in the economy. Instead there seems to be hand-wringing that the Fed might raise interest rates (up from a virtual Zero rate) later this year. Time to sell off!
Huh?
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Weaslespit
Champion Author Cincinnati

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Message Posted: Mar 5, 2015 2:38:22 PM

"The point is that the economy has struggled to recover from recession, with the weakest recovery on record."

The point was that multiple Administrations oversaw missteps which needlessly harmed our economy. But keep painting that anti-Obama narrative you so desperately cling to.
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I75at7AM
Champion Author Dayton

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Message Posted: Mar 5, 2015 1:47:08 PM

Here is a well-reasoned opinion:
Please Stop Trying to Fix the Economy
"In the most recent recession, the failure of government — that is, meddling where it shouldn’t — caused the crises in banking and real estate, and subsequently brought the entire U.S. economy crashing down raising fears of a rerun of the 1930s. The Clinton, Bush, and Obama administrations made very similar mistakes to those of Hoover and Roosevelt by interfering with the free market and exacerbating economic weaknesses with the repeal of Glass-Steagall law (one of the few constructive acts from that era). Compounding the harm were the takeover of Fannie Mae and Freddie Mac, T.A.R.P. bailouts of AIG, General Motors, Chrysler, Bank of America, and Citigroup, the $787 billion stimulus package, and Dodd-Frank Act and the Affordable Care Act."

The point is that the economy has struggled to recover from recession, with the weakest recovery on record. The economy could have done much better with less "help" from government!
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