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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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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!
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.
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.
wbacon
Champion Author Philadelphia

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

no
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
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]
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.
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."


IammeCA
All-Star Author Ventura

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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]
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.
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?
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?
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.
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!
Weaslespit
Champion Author Cincinnati

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Message Posted: Feb 25, 2015 7:05:18 PM

"But if the declining unemployment rate is based on people coming to the end of their unemployment benefits, is the economy really getting better?"

So you haven't been reading the jobs reports? Or paying attention to any of the other factors listed?
101Speedster
Champion Author Ventura

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Message Posted: Feb 25, 2015 5:21:09 PM

But if the declining unemployment rate is based on people coming to the end of their unemployment benefits, is the economy really getting better?
Weaslespit
Champion Author Cincinnati

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Message Posted: Feb 25, 2015 12:34:53 PM

"Do you believe the economy is getting better?"

Yes.

"What do you base your opinion on?"

Declining unemployment rates (be it Actual or Official), the truth about labor-force participation, gains in the stock market, reported economic growth and anecdotally, the increase in calls received from recruiters.
mudtoe
Champion Author Cincinnati

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Message Posted: Feb 25, 2015 12:02:57 PM

I75: "Why would a bank want to reduce the amount of deposits from its large customers?"


Apparently there are some new regulations that in essence punish banks for having deposits that government deems likely to flee in the event of financial crisis. It's sort of like how government is punishing banks by publicly threatening to send more auditors after them if they do business with people who own legitimate and legal enterprises that Obama and Holder don't like, such as gun shops.

Basically we are well on our way to an imperial form of government where laws don't matter and government can publicly punish anyone or any business it wants with complete impunity.

Expect the price of currency substitutes, such as gold, to start rising as entities with large amounts of cash look for alternatives to having to pay for the "privilege" of depositing large sums of cash in a bank. Also look for these same entities to start maintaining more deposits in overseas banks.


mudtoe



[Edited by: mudtoe at 2/25/2015 12:11:43 PM EST]
I75at7AM
Champion Author Dayton

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Message Posted: Feb 25, 2015 11:44:38 AM

For lack of a better place to post this story:

J.P. Morgan to start charging big clients fees on some deposits
"J.P. Morgan Chase & Co. is preparing to charge large institutional customers for some deposits, citing new rules that make holding money for the clients too costly,.....
The largest U.S. bank by assets is aiming to reduce the affected deposits by billions of dollars, with a focus on bringing the number down this year, these people said. The move is the latest in a series of steps large global banks have been discussing in recent months to discourage certain deposits due to new regulations and low interest rates."

Why would a bank want to reduce the amount of deposits from its large customers? It seems to be totally opposite of what banks do. They attract deposits, so that they can make loans to others, making money on the interest charged. How can having deposits cost a bank money?

Well, banks must pay interest to the depositor. These days, the interest paid is at a very low rate. Perhaps the bank needs to pay a higher rate of interest to attract the deposits of large clients as those clients could place their money elsewhere for a greater return. The "high cost" of the deposits would be in comparing the interest the bank needs to pay versus getting the money to make loans at virtually zero percent from the Fed!
The Federal Reserve has reduced its lending rates to banks to near zero for many years now. It's hard to compete with free money! The Fed, just yesterday, has hinted that it might raise rates (very slightly) later this year. Yellen Signals Fed’s Patience With Zero Interest Rate Has Limits
101Speedster
Champion Author Ventura

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Message Posted: Feb 17, 2015 1:57:00 PM

>>The worst labor force participation rate since 1979.<<
e_jeepin
Champion Author Michigan

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Message Posted: Jan 7, 2015 11:38:47 PM

We have had 6 years of economic policy that only favors Wall Street driving up all commodity prices with free Fed money.

Meanwhile, household incomes have never recovered from the 1998 peak -- $4 gasoline nearly killed us, beef prices doubling since 2008, poultry up 50%, corn prices up 22% per year -- yet no reports of inflation according to the Regine's bureau if mis-information (not a smiggen).

We will inflate our way out of it they said! The debt will appear to go down!

One problem -- the consumer was left to die on the vine.

Today Obama takes a victory lap for low gas prices -- pffft. High energy prices have take a toll on global economies and he did everything in his power to make sure prices would go higher.

The consumer always dictates in the end -- higher prices cures higher prices.
101Speedster
Champion Author Ventura

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Message Posted: Jan 7, 2015 5:39:28 PM

743 days, 6 hours, 21 minutes until the end of the Obama presidency.
MarkJames
Champion Author Albany

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Message Posted: Dec 9, 2014 1:54:56 PM

<<Any savings have been eaten up by massive rising costs everywhere else.>>

My increases in my charges for rents, goods, professional services, parts, parts markup, stealth price increases etc has greatly exceeded the additional income and/or savings of many of my employees, customers and tenants.
PopcornPirate
Champion Author New Jersey

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Message Posted: Dec 9, 2014 10:01:02 AM

"The only positive news for many is lower fuel prices"
Any savings have been eaten up by massive rising costs everywhere else.
MarkJames
Champion Author Albany

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Message Posted: Dec 4, 2014 10:07:37 AM

The only positive news for many is lower fuel prices and the fact that their tax welfare credits will arrive shortly.

Inflation is hitting many we know like a sledge hammer to the face.

Jaws drop open when customers get our bills for parts, parts markup, equipment and professional services.

The same applies when my tenants receive their rent increases.

RAB2010
All-Star Author Kalamazoo

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Message Posted: Dec 3, 2014 12:06:19 PM

I am not seeing people buying champagne by the case. They are buying meant and potatoes. Mortgages are still under water, and Americans are falling deeper into debt. The economy is not getting better; the economy is ramping up for another crash.
MarkJames
Champion Author Albany

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Message Posted: Dec 3, 2014 8:09:23 AM

Fuel prices are a large part of household budgets in these parts since so many commute long distances, have 3, 4 or more vehicles per household, plus produce heat and hot water with heating oil, kerosene and propane.

.
.We're giving employees some of the largest bonuses in years, largely due to increased profits and increased sales driven by low fuel prices.

[Edited by: MarkJames at 12/3/2014 8:10:15 AM EST]
mudtoe
Champion Author Cincinnati

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Message Posted: Dec 2, 2014 2:35:18 PM

mj: "Traffic and volume are up substantially at our stores, largely due to low fuel prices."


Isn't it interesting to note the impact energy prices have on the economy? Now just think about what Obama, the democrats, and the left in general want to do to energy prices with their war on coal, carbon taxes, regulations, etc. The leveraged effect of energy prices is truly massive, and our friends on the left would like to make energy as expensive as possible. In essence they are trying to destroy the economy, which makes sense because the true target of their efforts is free enterprise capitalism. If free markets fail, all that will be left is government, which is precisely what they want.


mudtoe
teacher_tim
Champion Author Maryland

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Message Posted: Dec 2, 2014 1:25:57 PM

Keeping fuel prices at the current level for another year would pump about 250 billion into the economy, mostly from mid to low income people, according to the GB news item this morning.
MarkJames
Champion Author Albany

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Message Posted: Dec 1, 2014 2:06:43 PM

Traffic and volume are up substantially at our stores, largely due to low fuel prices.

Due to low fuel prices many are driving greater distances and more frequently, spending their fuel savings and then some...

[Edited by: MarkJames at 12/1/2014 2:07:06 PM EST]
oilpan4
Champion Author Virginia

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Message Posted: Dec 1, 2014 4:48:46 AM

If debt is the new currency then our economy is booming.
streetrider
Champion Author Gary

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Message Posted: Dec 1, 2014 12:15:10 AM

I cann say one thing, there sure is a lot more cars on the road.
Patty7841
Champion Author Boston

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Message Posted: Nov 30, 2014 1:10:42 PM

No, the unemployment rate went down due to thousands losing their benefits. They are either working part-time (that is all there is) or have dropped out of the labor force.
I75at7AM
Champion Author Dayton

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Message Posted: Nov 5, 2014 12:39:59 PM

The economy is getting pretty good for this entrepreneur:

She's America's youngest female billionaire - and a dropout

"America's youngest self-made female billionaire is 30 years old and a college dropout. The company she founded has the potential to change health care for millions of Americans."
I75at7AM
Champion Author Dayton

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Message Posted: Oct 24, 2014 1:40:21 PM

Uh oh. A high flyer continues it's slo-mo crash and burn:

Amazon shares drop 13 percent on missed estimates
"Amazon reported a third-quarter loss and revenue that missed analysts' expectations on Thursday. The online retailer also projected weaker-than-expected sales for the important holiday quarter.

The company posted a loss of 95 cents per share, compared to a loss of 9 cents per share in the year-earlier period."

A loss of 95¢ is HUGE !!!

Amazon's loss makes holidays a question mark
"Investors are increasingly irked by Amazon's strategy of investing heavily in new products and services to spur revenue growth while reporting quarter after quarter of losses or thin profit."

"Chief Financial Officer Thomas Szkutak said the company had to be "selective" in taking on new projects. For years, Amazon's strategy has been spending the money it makes to grow and expand into new areas."

Meanwhile, down on Main Street...... Study: Americans Afraid to Take Vacation Days
"A new study of the US business sector indicates American workers are shying from taking earned vacation time for fear that they will look like an unnecessary employee."

"The study found that American workers gave up $52.4 billion in time-off benefits last year and took fewer vacation days than at any time in the last 40 years."

hooky
Champion Author Michigan

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Message Posted: Oct 23, 2014 10:56:23 AM

NO!!
reb4
Champion Author Chicago

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Message Posted: Oct 23, 2014 10:15:31 AM

did you mean stink hole????
maryanneusa
Champion Author Missouri

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Message Posted: Oct 11, 2014 10:09:27 AM

POTUS/WH = sink hole
mweyant
Champion Author Maryland

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Message Posted: Oct 11, 2014 6:22:00 AM

EPA's Rules On CO2 Emissions Will Kill The Economy

10-9-14

editorial

"Environmental Protection Agency's new "Clean Power Plan" to reduce carbon emissions from electric power plants. These rules are estimated by the Heritage Foundation to cost the national economy some $2 trillion in lost GDP and 600,000 jobs through the next decade.

But a new study shows that some states are much bigger losers than others. Just eight — Texas, Florida, Louisiana, Pennsylvania, Alabama, Arkansas, Georgia and Oklahoma — will absorb almost as much of the carbon-reduction requirements as the other 42 states combined. Texas and Florida are responsible for one-quarter of the plan's costs.

What's curious is that all these are red states with Republican governors, and many are wondering why they get clobbered by the Obama regulatory hammer."

"Residents of Texas, Florida, Georgia and other heavily impacted states might be willing to pay those costs if there were offsetting environmental benefits. But these rules are expected to reduce world CO2 output by all of 0.018% and reduce global temperatures by 0.01 degree C. In other words, all pain with no gain."

" But a Manhattan Institute study indicates that these renewable energy standards have raised electric power costs and slowed growth and employment in such states."

No, I don't think it is getting better, and I feel that a lot of initiatives being conducted are thwarting any efforts of the economy to be healthy and thrive. Hits on full-time employees and small businesses keep money from going back into the economy.
PopcornPirate
Champion Author New Jersey

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Message Posted: Oct 2, 2014 9:56:35 AM

Liberals NEVER let Facts get in the way of bashing a Conservative.
You should know that by now JB
MarkJames
Champion Author Albany

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Message Posted: Oct 2, 2014 7:27:06 AM

After I collect rent from tenants and payments from our heating oil, kerosene and propane customers many don't have much money left to stimulate the economy.

jeskibuff
Champion Author Tampa

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Message Posted: Oct 1, 2014 8:25:08 PM

BuzzLOL said: "The economy quickly collapsed and ended with a bang during the 8 years of EvilBushJr."

You conveniently left out a few key words, like...

"...due to the turmoil Dumbocrats caused by pushing subprime loans and making it way too easy for people to borrow more than they can repay."

But knowing how dishonest you are, I can understand why you chose to discard those "inconvenient facts".
johnnyg1200
Champion Author St. Louis

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Message Posted: Oct 1, 2014 7:07:40 PM

Don't get me wrong I think the economy is in the toilet. But bacon is a bad example. There is a virus going around that is killing about 8 of ten piglets in parts of the nation. We are getting hit hard by it in Missouri. I agree with the rest of your post though.
jdhelm
Champion Author Iowa

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Message Posted: Sep 29, 2014 8:39:40 AM

"I'm not here for the photo ops" - the choom guy says it is, but just like isis, it's his jv economy
MarkJames
Champion Author Albany

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Message Posted: Sep 29, 2014 8:01:04 AM

Speaking of bacon, we used to sell 4 different brands, sales were good and margins were decent.

Currently we only sell one brand and pretty much sell it near cost as a service to customers. Even so it doesn't move like it used to due to the high price.

Eliminating bacon and other low margin, no margin and slow moving products freed up cooler space for high margin hot sellers - beer, soda, sports drinks, energy drinks, bottled water etc.

Our canned soup sales have decreased and our margins are lower due to skyrocketing prices as well.

More and more customers buy carts full of Ramen Noodles at the discount stores.
101Speedster
Champion Author Ventura

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Message Posted: Sep 27, 2014 6:35:13 PM

Obama says, yes.
BuzzLOL
Champion Author Toledo

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Message Posted: Sep 27, 2014 4:07:00 PM

.
. How much food costs can vary wildly depending on where you shop...

. Bacon costs "$5.15/lb." somewhere? Around here it's about $3 - $4.50 depending on which store... I've stopped buying bacon, it makes no sense, it's overpriced for what it is which is 50% - 99% FAT anyways... I can get ham as low as 77c/lb. around here... so just buy ham and if I want bacon, I just take a sharp knife and slice off a few thin slices and fry them up... instant lean bacon... much healthier and tastes better...

. The economy quickly collapsed and ended with a bang during the 8 years of EvilBushJr... it's now slowly recovering... but incentives for shipping jobs out of the country need to be eliminated... recovery can't happen without jobs...
.
johnnyg1200
Champion Author St. Louis

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Message Posted: Sep 27, 2014 1:10:02 PM

The government likes to look at the inflation numbers as a gauge of the economy. Well that gauge leaves out two of the most important things to most families. The first one is energy. Gas cost is the heart and sole of Gasbuddy so I wont go into that other than to say we also need to look at the other two primary sources of energy used in America, electricity and natural gas. Electricity is going up fast but the cost of natural gas is a little more regional.

The other item left out of the inflation index is food. If you haven't been to the grocery store lately, and I don't know anyone who hasn't, prices are going up at an incredible rate.
Here are some examples

Tomato suop
2000 $.55 a can
2014 $1.09 a can I paid $1.79 last night.

GRAPEFRUIT
4-yr. change: +22%
1-yr. change: +6%
Current price: $1.02 per lb.

CHICKEN
4-yr. change: +22%
1-yr. change: +5%
Current price: $1.54 per lb

TURKEY
4-yr. change: +24%
1-yr. change: +9%
Current price: $1.73 per lb.

MARGARINE
4-yr. change: +30%
1-yr. change: -1%
Current price: $2.11 per lb.

PEANUT BUTTER
4-yr. change: +30%
1-yr. change: -2%
Current price: $2.71 per lb.

COFFEE
4-yr. change: +31%
1-yr. change: -17%
Current price: $5.00 per lb.

ORANGES
4-yr. change: +35%
1-yr. change: +23%
Current price: $1.21 per lb.

GROUND BEEF
4-yr. change: +35%
1-yr. change: +8%
Current price: $4.13 per lb.

One of my favorites BACON
4-yr. change: +53%
1-yr. change: +13%
Current price: $5.55 per lb.

These two things are what the people in America will buy before they even think about the cost of a movie ticket or a new pair of jeans. These two things, food and energy, are what suck up more of the low income families income than anything else and what they can't do without. The idea that there is no or low inflation is nothing more than a political lie. The reason that other things aren't going up in price is because after heating the house, putting gas in the tank and feeding the kids people cant afford much more. Retailers are keeping prices down to compete for the scraps that are left in the wallets of middle class America.

The press has finally stated to talk about it.
The 10 fastest-rising food prices at the grocery
Rising food prices pinching consumers
wbacon
Champion Author Philadelphia

Posts:16,853
Points:3,796,780
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Message Posted: Sep 27, 2014 4:45:40 AM

no
I75at7AM
Champion Author Dayton

Posts:75,658
Points:3,250,295
Joined:Feb 2006
Message Posted: Sep 27, 2014 12:33:57 AM

Another take on today's "adjustment" to 4.6%
(following what reb4 posted)
This figure is meaningless to most people in my neck of the woods, and across large swaths of the Midwest. "It's no accident that a majority of Americans believe the country is still in a recession. Since most people view the economy through the lens of their own personal financial situation, the sense that things are still bad in many places prevails."

SAVMOR
Champion Author Idaho

Posts:7,064
Points:1,716,625
Joined:Jun 2005
Message Posted: Sep 26, 2014 5:01:16 PM

If anyone thinks our economy is getting better than they are really confused. The government likes to paint a rosy picture, but house sales are still falling, durable goods are rising in price, utilities are on the rise, etc.
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