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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: Mar 30, 2014 8:39:44 AM

Locally we had one of the coldest winters ever, so the costs of natural gas, propane, heating oil, kerosene, electric, boiler/furnace repair/replacement, frozen/burst water/boiler piping repair/replacement and water damage repair has eaten up savings, income and credit.

The cold weather and late spring has eliminated, or delayed much work as well.
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MarkJames
Champion Author Albany

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Message Posted: Mar 30, 2014 8:13:54 AM

<<Forbes reports just how poor US shoppers are.>>

The financial situation of many individuals and households is so bad that Walmart is too expensive.

Many locals are doing more and more shopping at deep discount stores - Aldis, Dollar General, Save-A-Lot, Dollar Tree etc, plus buying less, trading down, opting out, shopping online.

Inflation has hurt much of our own sales.
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wbacon
Champion Author Philadelphia

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Message Posted: Mar 30, 2014 5:06:29 AM

no, when we have a conservative congress, 61 conservative senators and a conservative majority in the House of reprsentitves and a conservative president

[Edited by: wbacon at 3/30/2014 5:07:09 AM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Mar 30, 2014 1:57:59 AM

Forbes reports just how poor US shoppers are.

I left out one detail, about how they reached that assessment.
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101Speedster
Champion Author Ventura

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Message Posted: Feb 10, 2014 2:39:12 PM

Obama thinks so.

Just look how the unemployment rate keeps dropping. LOL
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MarkJames
Champion Author Albany

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Message Posted: Feb 3, 2014 10:00:22 AM

<<mj: "We're making crazy money in the heating business due to fuel usage and all the emergency service and emergency installations due to equipment working overtime, plus frozen, burst pipe and water damage. "Careful, some of our posters on the left here may start accusing you of profiting from "climate change", since that term now includes any weather they choose to lump into it in an effort to forward their scam.>.

We have many customers that accuse of of price gouging due to sub zero temperatures and emergencies although our prices for same day service, emergency service and emergency installations are roughly the same regardless of temperatures and demand.
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MarkJames
Champion Author Albany

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Message Posted: Feb 3, 2014 9:56:01 AM

When the economy gets better we should see much higher numbers of employees quitting due to better job opportunities, plus much fewer well qualified job applicants.

Currently we have the lowest turnover ever and the most well qualified and overqualified job applicants ever.

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mudtoe
Champion Author Cincinnati

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Message Posted: Feb 1, 2014 10:38:46 AM

mj: "We're making crazy money in the heating business due to fuel usage and all the emergency service and emergency installations due to equipment working overtime, plus frozen, burst pipe and water damage. "


Careful, some of our posters on the left here may start accusing you of profiting from "climate change", since that term now includes any weather they choose to lump into it in an effort to forward their scam.


mudtoe
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Feb 1, 2014 10:07:36 AM

NO!!!
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MarkJames
Champion Author Albany

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Message Posted: Feb 1, 2014 8:18:31 AM

We're making crazy money in the heating business due to fuel usage and all the emergency service and emergency installations due to equipment working overtime, plus frozen, burst pipe and water damage.
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I75at7AM
Champion Author Dayton

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Message Posted: Jan 31, 2014 4:27:59 PM

This might help.

Walmart announces $10 million fund to spur innovation and support U.S. manufacturing

"Last year Walmart announced that it will buy an additional $50 billion in American products. That's $50 billion more than it does today 10 years from now. Walmart estimates that its $50 billion pledge, in the 10th year, will result in Walmart buying an additional $250 billion cumulatively over the next 10 years. This pledge is in an effort to grow U.S. manufacturing and encourage the creation of U.S. jobs."

"Walmart and the Walmart Foundation will fund the five-year program and work in collaboration with the U.S. Conference of Mayors to launch it in March. The fund will provide grants to innovators in the manufacturing sector and seeks to create new processes, ideas, and jobs that support America's growing manufacturing footprint.

"If we want to grow manufacturing and help rebuild America's middle class, we need the brightest minds in our universities, in our think tanks, and in our towns to tackle obstacles to U.S. manufacturing," said Simon."

" Additional supplier information:
72 percent of Walmart suppliers believe that manufacturing in the U.S. will be cost favorable within four years or less.
40 different departments at Walmart are in active discussions with suppliers to manufacture here."

For additional information about Walmart's commitment to U.S. manufacturing, visit: U.S. Manufacturing
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MarkJames
Champion Author Albany

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Message Posted: Jan 25, 2014 10:11:06 AM

In 2103 I had record numbers of tenant evictions for non payment of rent, most due to lower incomes - reduction in hours, loss of jobs etc.

-

--I took back 5 privately financed properties as well due to the same issues.

---I performed 9 evictions of holdover tenants in foreclosure and tax seizure properties as well.


[Edited by: MarkJames at 1/25/2014 10:10:31 AM EST]
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MarkJames
Champion Author Albany

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Message Posted: Jan 25, 2014 10:02:00 AM

I have long waiting lists for most of my rentals - apartments and homes.

Many can't afford down payments, mortgage payments, property taxes, heat, heating oil, propane, maintenance, repairs etc.

More and more want to remain mobile due to poor job security as well.

Cash buyer/investor/landlords like myself snap up most of the bargains.
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jeskibuff
Champion Author Tampa

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Message Posted: Jan 25, 2014 9:32:18 AM

The housing market isn't doing too bad, except for the fact that owning a house is now more unaffordable ever for many people.

A house in my neighborhood got snatched up soon after it came on the market. I thought that was a good sign that things may be improving. The "pending sale" sign went down, soon to be replaced by a "for lease" sign.

Investors are the ones buying the homes and renting them out to people whose credit has been decimated or whose (lack of) savings have prevented them from being able to purchase.

This article talks about first-time home buyers getting the brunt of the raw deal.

So, the Dumbocrats tweaked the CRA to make it so that everyone who wanted a home could buy a home, right? They screwed up the finance system so that banks would be forced to issue loans to people who couldn't qualify for them. As more and more people found the easy money too hard to resist, demand for housing went up as did the housing prices. Then when the loan defaults started to flood the system the market collapsed, causing housing prices to plummet, credit scores damaged severely, the ripple effect of jobs lost and the recession. With interest rates kept artificially low by the Fed, investors put a lot their cash into the housing rental sector, as people STILL needed homes in which to live. So, the final outcome of the (perhaps well-intentioned) effort by Dumbocrats to make home affordability universal ended up helping the rich get richer and the poor to get poorer.

Seems like an oft-repeated pattern, doesn't it?
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MarkJames
Champion Author Albany

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Message Posted: Jan 24, 2014 1:26:16 PM

We're seeing something very bad happening to many of our employees, relatives, customers and tenants.

They can't afford rents, homes, heating costs, property taxes, maintenance, repairs etc, so they're moving in with relatives, friends etc.

When this happens the incomes of all household members disqualifies them from receiving numerous welfare benefits.
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Jan 24, 2014 12:57:21 PM

Once again, they are lying to us.....
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streetrider
Champion Author Gary

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Message Posted: Jan 24, 2014 12:53:06 PM

http://www.fns.usda.gov/sites/default/files/September%20performance%202013%20data.pdf

looks like participation as a national average is going down.
have no idea why the link post doesn't work.
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MarkJames
Champion Author Albany

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Message Posted: Jan 24, 2014 12:33:57 PM

Food Stamp Participation
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streetrider
Champion Author Gary

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Message Posted: Jan 24, 2014 12:19:25 PM

speedy do you have the link to that info?
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101Speedster
Champion Author Ventura

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Message Posted: Jan 24, 2014 12:18:17 PM

The numbers of people on the government dole continue to increase.
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flyboyUT
Champion Author Utah

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Message Posted: Jan 24, 2014 11:57:32 AM

Tim - as I post this its down another 181.
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teacher_tim
Champion Author Maryland

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Message Posted: Jan 24, 2014 11:49:47 AM

Just wondering what the Obama apologists who use the Dow Jones as a barometer of the economy have to say after yesterday's 186 point drop...
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MarkJames
Champion Author Albany

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Message Posted: Jan 16, 2014 9:09:44 AM

One of our suppliers says they have many very light loads as many businesses are ordering less, shopping cheaper suppliers and/or buying products at dollar stores, grocery stores, supercenters etc.
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MarkJames
Champion Author Albany

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Message Posted: Jan 16, 2014 9:07:13 AM

In the last week alone I've spoken with 5 business owners that were all doing much better mid recession.

Business for many has dropped off a cliff in the last year. All are cutting workers and hours, squeezing more performance from workers, shopping for cheaper suppliers, cutting unnecessary expenses etc.
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johnnyg1200
Champion Author St. Louis

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Message Posted: Jan 15, 2014 7:14:27 PM

Somehow I missed this one.

Macy’s Laying Off 2,500, Closing 5 Stores

Two retailers, 4500 jobs in about three days.
Did I miss something in school or is this the sign of an improving economy?

[Edited by: johnnyg1200 at 1/15/2014 7:13:57 PM EST]
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teacher_tim
Champion Author Maryland

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Message Posted: Jan 15, 2014 7:06:59 PM

New management, poor earnings reports and expanded store openings last year. I've seen the lack of crowds in both chains as well. I really should play the stock market, lol.
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johnnyg1200
Champion Author St. Louis

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Message Posted: Jan 15, 2014 6:46:38 PM

J.C. Penney to Shutter 33 Stores, Slash 2,000 Jobs

Tim, do you have an inside track or a Chrystal ball?
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wbacon
Champion Author Philadelphia

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Message Posted: Jan 13, 2014 6:18:11 AM

no
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teacher_tim
Champion Author Maryland

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Message Posted: Jan 12, 2014 11:40:20 PM

No, the people hired for retail sales during December are being let go as disappointing sales nailed retailers. Sears and JCP look like the next to go. Locally, my wife's company is furloughing again.
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johnnyg1200
Champion Author St. Louis

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Message Posted: Jan 12, 2014 11:31:12 PM

When the people that I know who have lost their jobs are back to work full time I will believe.
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Jan 11, 2014 12:18:55 PM

The stock market may be soaring to unprecedented heights
------------------------------
Backed by the Fed printing money and getting us ready for the following let down!!!
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Jan 11, 2014 12:17:40 PM

Labor rate participation is at its lowest rate since 1978!!!

STOP LYING, FOLKS!

The economy stinks and it has for several years-going back to the late Bush Administration and this is clearly obama's economy....

Are you happy with it???

I AM NOT!!!

I feel like I've wasted a decade-at least 2 terms....

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hero4hire
All-Star Author Chicago

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Message Posted: Jan 11, 2014 11:55:47 AM

In a word, "NO" the economy is not getting better.
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MarkJames
Champion Author Albany

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Message Posted: Jan 11, 2014 11:43:13 AM



"The stock market may be soaring to unprecedented heights, but things just continue to get even tougher for the middle class. In this economic environment, there is intense competition for virtually all kinds of jobs. For example, more than 1,600 applications were recently submitted for just 36 jobs at an ice cream plant in Hagerstown, Maryland. That means that those applying have about a 2 percent chance of being hired. About 98 percent of the applicants will be turned away. That is how tough things are in many areas of the country today."

[Edited by: MarkJames at 1/11/2014 11:45:22 AM EST]
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reb4
Champion Author Chicago

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Message Posted: Jan 11, 2014 10:38:51 AM

approximately 1,500 people waited in Queens for a chance to apply for a coveted union job as painters or blasters on bridges and steel structures



or how about this bit of "good" news...

People Not In Labor Force Soar To Record 91.8 Million; Participation Rate Plunges To 1978 Levels

NO... I do not believe the economy is getting better...



[Edited by: reb4 at 1/11/2014 10:39:17 AM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Jan 10, 2014 9:36:53 AM

Well, the December numbers are out and the usual claim is still made that "the unemployment rate decreased" last month. If that is true, it's becasue more people quit looking for work.
At 74,000 December had the weakest job growth of any month in the past three years.
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MarkJames
Champion Author Albany

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Message Posted: Dec 31, 2013 9:51:01 AM

From the link by urban dweller.

37 Reasons Why "The Economic Recovery Of 2013" Is A Giant Lie

#1 The only reason that the official unemployment rate has been declining over the past couple of years is that the federal government has been pretending that millions upon millions of unemployed Americans no longer want a job and have "left the labor force". As Zero Hedge recently demonstrated, if the labor force participation rate returned to the long-term average of 65.8 percent, the official unemployment rate in the United States would actually be 11.5 percent instead of 7 percent.

#2 The percentage of Americans that are actually working is much lower than it used to be. In November 2000, 64.3 percent of all working age Americans had a job. When Barack Obama first entered the White House, 60.6 percent of all working age Americans had a job. Today, only 58.6 percent of all working age Americans have a job. In fact, as you can see from the chart posted below, there has been absolutely no "employment recovery" since the depths of the last recession...

#3 The employment-population ratio has now been under 59 percent for 51 months in a row.

#4 There are 1,148,000 fewer Americans working today than there was in November 2006. Meanwhile, our population has grown by more than 16 million people during that time frame.

#5 The "inactivity rate" for men in their prime working years (25 to 54) has just hit a brand new all-time record high. Does this look like an "economic recovery" to you?...

#6 The number of working age Americans without a job has increased by a total of 27 million since the year 2000.

#7 In November 2007, there were 121.9 million full-time workers in the United States. Today, there are only 116.9 million full-time workers in the United States.

#8 Middle-wage jobs accounted for 60 percent of the jobs lost during the last recession, but they have accounted for only 22 percent of the jobs created since then.

#9 Only about 47 percent of all adults in America have a full-time job at this point.

#10 The ratio of wages to corporate profits in the United States just hit a brand new all-time low.

#11 It is hard to believe, but in America today one out of every ten jobs is now filled by a temp agency.

#12 Approximately one out of every four part-time workers in America is living below the poverty line.

#13 In this economic environment, there is intense competition even for the lowest paying jobs. Wal-Mart recently opened up two new stores in Washington D.C., and more than 23,000 people applied for just 600 positions. That means that only about 2.6 percent of the applicants were ultimately hired. In comparison, Harvard offers admission to 6.1 percent of their applicants.

#14 According to the Social Security Administration, 40 percent of all U.S. workers make less than $20,000 a year.

#15 When Barack Obama took office, the average duration of unemployment in this country was 19.8 weeks. Today, it is 37.2 weeks.

#16 According to the New York Times, long-term unemployment in America is up by 213 percent since 2007.

#17 Thanks to Obama administration policies which are systematically killing off small businesses in the United States, the percentage of self-employed Americans is at an all-time low today.

#18 According to economist Tim Kane, the following is how the number of startup jobs per 1000 Americans breaks down by presidential administration...

Bush Sr.: 11.3

Clinton: 11.2

Bush Jr.: 10.8

Obama: 7.8

#19 According to the U.S. Census Bureau, median household income in the United States has fallen for five years in a row.

#20 The rate of homeownership in the United States has fallen for eight years in a row.

#21 Back in 1999, 64.1 percent of all Americans were covered by employment-based health insurance. Today, only 54.9 percent of all Americans are covered by employment-based health insurance, and thanks to Obamacare millions more Americans are now losing their health insurance plans.

#22 As 2003 began, the average price of a gallon of regular gasoline was about $1.30. When Barack Obama took office, the average price of a gallon of regular gasoline was $1.85. Today, it is $3.26.

#23 Total consumer credit has risen by a whopping 22 percent over the past three years.

#24 In 2008, the total amount of student loan debt in this country was sitting at about 440 billion dollars. Today, it has shot up to approximately a trillion dollars.

#25 Under Barack Obama, the velocity of money (a very important indicator of economic health) has plunged to a post-World War II low.

#26 Back in the year 2000, our trade deficit with China was 83 billion dollars. In 2008, our trade deficit with China was 268 billion dollars. Last year, it was 315 billion dollars. That was the largest trade deficit that one nation has had with another nation in world history.

#27 The gap between the rich and the poor in the United States is at an all-time record high.

#28 Right now, 1.2 million students that attend public schools in the United States are homeless. That is a brand new all-time record high, and that number has risen by 72 percent since the start of the last recession.

#29 When Barack Obama first entered the White House, there were about 32 million Americans on food stamps. Today, there are more than 47 million Americans on food stamps.

#30 Right now, approximately one out of every five households in the United States is on food stamps.

#31 According to the Survey of Income and Program Participation conducted by the U.S. Census, well over 100 million Americans are enrolled in at least one welfare program run by the federal government.

#32 In 2000, the U.S. government spent 199 billion dollars on Medicaid. In 2008, the U.S. government spent 338 billion dollars on Medicaid. In 2012, the U.S. government spent 417 billion dollars on Medicaid, and now Obamacare is going to add tens of millions more Americans to the Medicaid rolls.

#33 In 2000, the U.S. government spent 219 billion dollars on Medicare. In 2008, the U.S. government spent 462 billion dollars on Medicare. In 2012, the U.S. government spent 560 billion dollars on Medicare, and that number is expected to absolutely skyrocket in the years ahead as the Baby Boomers retire.

#34 According to the most recent numbers from the U.S. Census Bureau, an all-time record high 49.2 percent of all Americans are receiving benefits from at least one government program.

#35 The U.S. government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years.

#36 When Barack Obama was first elected, the U.S. debt to GDP ratio was under 70 percent. Today, it is up to 101 percent.

#37 The U.S. national debt is on pace to more than double during the eight years of the Obama administration. In other words, under Barack Obama the U.S. government will accumulate more debt than it did under all of the other presidents in U.S. history combined.
37 Reasons Why "The Economic Recovery Of 2013" Is A Giant Lie
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streetrider
Champion Author Gary

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Message Posted: Dec 31, 2013 9:41:54 AM

teacher_tim

Said "Isn't that why we didn't extend long-term unemployment?"

Keep in mind the unemployment stays in this country unlike many other things the government pays for.

With that being said keep in mind this is just my opinion and nothing more, I don't think when the general populace gets hungry enough they are going to pack up and head to California like the OKIES did during the depression/dust bowl area.

I think they will head to Washington, I don't think to a poor man watching his kids starve is going make a difference, if there is a Republican or Democrat there.

Lets hope the Welfare that is touted about paying up to 50,000 with benefits by those political spinners on here is available to those that need it.

Just my opinion based on direct observation.
The sad part if it wasn't for politics:

it is all preventable if Washington would function to stem the pending problems coming our way.

This is our country if you are a US citizen.

So let the Obama slams begin, Washington has already wasted precious time to fix things.
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jdhelm
Champion Author Iowa

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Message Posted: Dec 31, 2013 9:02:34 AM

wow
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MarkJames
Champion Author Albany

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Message Posted: Dec 31, 2013 8:59:02 AM

In the businesses of our immediate family alone we're looking at eliminating over 50 employees in 2014.

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MarkJames
Champion Author Albany

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Message Posted: Dec 31, 2013 8:56:22 AM

Judging by our record number of evictions, record number of repossessions and record numbers of HEAP, Emergency HEAP and Food Stamp customers in 2013 things aren't getting better.

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jdhelm
Champion Author Iowa

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Message Posted: Dec 31, 2013 8:04:43 AM

well, to hear it from all 3 guests we had over Christmas, I'd say it is not getting better. 4 of our 6 kids and spouses and grandkids made it home, the other 2 sets of kids and their kids who didn't make it said they couldn't afford to fly or buy the gas ( we sent them money for travel but they opted to use it for bills apparently). of the 4 who made it home, each was asked to bring a friend or someone they knew who was on difficult times. 3 of them did just that. 1 was a divorced person who hadn't had a job since Feb 13, 1 was military recently back from afghan in march 13 and no luck with employment, 1 was a person who quit their job because of company attitude against gay/lesbian folks. that one was without income since august 13. to hear their stories and visit with them - no the economy is not getting better. they were all here thru yesterday, with one remaining, we take that one to the airport later today and we bought the ticket, didn't want to see them hitch hike back east to the Maryland/DC area.

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wbacon
Champion Author Philadelphia

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Message Posted: Dec 31, 2013 6:08:50 AM

no
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teacher_tim
Champion Author Maryland

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Message Posted: Dec 31, 2013 3:24:46 AM

Isn't that why we didn't extend long-term unemployment?
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streetrider
Champion Author Gary

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Message Posted: Dec 31, 2013 1:36:12 AM

It has gotten better, but for the long run until we install a good economic driver that adds value to the world market, we will never become sustainable and the debt will continue on.
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Tru2psu2
Champion Author Winston-Salem

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Message Posted: Dec 13, 2013 12:34:08 PM

Ask the folks that are still LT Unemployed and those that cant find FT work. Many cant find jobs in their profession and are working for much less than they did....I figure folks will be pretty fed up by November 2014 and will join with me in ....

Voting out ALL INCUMBENTS!!!
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MarkJames
Champion Author Albany

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Message Posted: Dec 13, 2013 12:25:59 PM

Many businesses that have raised prices vs cutting costs and becoming more efficient are losing a lot of customers, volume, repeat customers, referrals etc.

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MarkJames
Champion Author Albany

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Message Posted: Dec 13, 2013 12:22:28 PM

In many local regions population growth, traffic counts and incomes are somewhat stagnant, however many stores are expanding and many new stores are being built.

What's happening is more and more are competing for a relatively small share of a stagnant pie.

This will continue until many of the weaker players are eliminated. -

--Since competition is so brutal, many have dropped prices substantially and/or have many sales and loss leaders to attract and keep customers, so profits are razor thin.


[Edited by: MarkJames at 12/13/2013 12:22:06 PM EST]
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I75at7AM
Champion Author Dayton

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Message Posted: Dec 10, 2013 4:35:38 PM

News nugget:

Private sector SHRANK in 41 states under 0bama

"“Our findings show that for many states, the impact of the recession and slow recovery on the private sector has been more severe than the official economic data indicates,” Keith Hall, a senior fellow at the free-market Mercatus Center, told The Daily Caller News Foundation.

Hall and fellow researcher Robert Greene found that 41 states saw their private sectors shrink from 2007 to 2012. Alabama, Arizona, Florida, Idaho and Nevada have seen the largest contractions in their respective private sectors — in 2012, Nevada’s has shrunk 13 percent below 2007 levels."

Among the few states that grew more than 3%, the leader was North Dakota. Does anyone know why?
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airfresh
Champion Author Massachusetts

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Message Posted: Dec 2, 2013 2:59:45 PM

My own sales are off 9% from last year as of right now and Dec is one of my slowest months. Profit margins are lower as well due to more price discounting to stimulate new sales. Which obviously isn't accomplishing the goal. Without the discounted sales I would be down 17% overall. Even my repeat customers are buying less then they ordinarily would.

I'm guessing many retailers are experiencing similar results. Fewer sales and less profit means less available for payroll increases and benefits... higher energy costs... higher health insurance costs etc.

My own business is contributing less this year to the economy then last year. I can't speak for the economy as a whole but talking to other business owners I know it's not a pretty picture.
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