Is this what Economic growth looks like?

Discussion in 'Too Hot for Swamp Gas' started by gatordowneast, Jul 6, 2013.

  1. gatordowneast
    Offline

    gatordowneast Premium Member

    Joined:
    Apr 3, 2007
    Messages:
    11,748
    Likes Received:
    303
    Trophy Points:
    83
    Ratings Received:
    +985
    http://smallbusiness.yahoo.com/advisor/really-economic-growth-looks-115008134.html

    "Average Joe’s not getting a job that pays him well, either. The official jobs numbers are just an illusion that is hiding the real situation. The jobs market in the U.S. economy is fundamentally unsound. The so-called “jobs growth” we have seen has been limited to sectors that pay poorly. A massive number of Americans are still unemployed—a significant portion of them have been unemployed for longer than six months, and a large number of them are working part-time jobs because they aren’t able to find full-time jobs."
  2. orangeblueorangeblue
    Online

    orangeblueorangeblue Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    56,413
    Likes Received:
    555
    Trophy Points:
    113
    Ratings Received:
    +2,466
    Man that is a terribly written article, largely unsourced, free of context and anecdotal.

    " The official jobs numbers are just an illusion "

    Oh!

    "More Americans are resorting to food stamps than the entire population of Spain—46.22 million in 2012. "

    As we've been over this, the rate of people on disability and food stamps as a percentage of total population have both remained fairly static.

    "And Mr. Joe’s not saving. "

    No kidding? You mean that in the midst of an economic strategy that is designed almost entirely to prevent people from saving that people are, in fact, not saving?

    I don't know who Sasha Cekerevac is, but if I'd known you could get your MBA from a cereal box I would have saved myself a whole bunch of money.
  3. rivergator
    Online

    rivergator Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    30,925
    Likes Received:
    319
    Trophy Points:
    83
    Ratings Received:
    +1,446
    yeah, that's always a handy device for those who want to complain. If the official numbers are bad, claim they're proof. If they're good, claim they're not real.
  4. orangeblueorangeblue
    Online

    orangeblueorangeblue Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    56,413
    Likes Received:
    555
    Trophy Points:
    113
    Ratings Received:
    +2,466
    I don't care if someone wants to explain, specifically, why the numbers are an illusion, but typically it reverts to U3 & "no longer looking," which has been the standard for a long, long time.
  5. dadx4
    Offline

    dadx4 Well-Known Member

    Joined:
    Apr 3, 2007
    Messages:
    28,268
    Likes Received:
    390
    Trophy Points:
    83
    Location:
    Greenville SC
    Ratings Received:
    +754
    To have real growth in the economy you need to be adding 250,000 people to the payroll at a minimum.
  6. vangator1
    Offline

    vangator1 Well-Known Member

    Joined:
    Apr 3, 2007
    Messages:
    2,309
    Likes Received:
    76
    Trophy Points:
    48
    Ratings Received:
    +163
    I think the article is spot on. This economy is very sick. The illusion has been propped up by the printing press. We'll see what happens when the press is shut down.

    And when China implodes.

    kind of sounds like the US.

    http://ezinearticles.com/?Things-Are-Bad-in-the-Chinese-Economy---How-Bad,-You-Ask?&id=2102454
  7. 108
    Online

    108 Premium Member

    Joined:
    Apr 3, 2007
    Messages:
    17,557
    Likes Received:
    273
    Trophy Points:
    83
    Location:
    NYC
    Ratings Received:
    +1,028
    how do you suggest that is done in the current state of the economy

    no amount of supply-side economics is going to magically bring back demand

    we are in a different America then before, one that is much more affected by globalization then ever..
  8. JerseyGator01
    Online

    JerseyGator01 Well-Known Member

    Joined:
    Apr 10, 2007
    Messages:
    14,830
    Likes Received:
    123
    Trophy Points:
    63
    Ratings Received:
    +488
    I love posts that offer critiques of OP's regarding a lack of sources of info by doing the same. The classic Too Hot double standard strikes again.
  9. orangeblueorangeblue
    Online

    orangeblueorangeblue Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    56,413
    Likes Received:
    555
    Trophy Points:
    113
    Ratings Received:
    +2,466
    Yeah, except I made no general claims. Surely you see the difference, no?
  10. gator10010
    Offline

    gator10010 Active Member

    Joined:
    Aug 23, 2008
    Messages:
    1,359
    Likes Received:
    8
    Trophy Points:
    38
    Ratings Received:
    +30
    Americans are still carrying too much debt. If you want a consumption based economic boom then we have to first under consume before we over consume.

    Americans are broke.....still......and until rates rise, which will force people to save money this is kind of how it's going to be....the problem is no one wants rates to rise because it will hurt the economy in the short run.
  11. gator10010
    Offline

    gator10010 Active Member

    Joined:
    Aug 23, 2008
    Messages:
    1,359
    Likes Received:
    8
    Trophy Points:
    38
    Ratings Received:
    +30
    You made no claims but surely you, obob, as educated as you are on the economy can agree with the basic premise of this article that the US economy is no where near sound.
  12. gatordowneast
    Offline

    gatordowneast Premium Member

    Joined:
    Apr 3, 2007
    Messages:
    11,748
    Likes Received:
    303
    Trophy Points:
    83
    Ratings Received:
    +985
    Those sucking on the government teat, living off their neighbors, protest this article. They think the economy is just find, thank you very much.
  13. jimgata
    Online

    jimgata Premium Member

    Joined:
    Apr 3, 2007
    Messages:
    8,278
    Likes Received:
    111
    Trophy Points:
    63
    Ratings Received:
    +537
    What a reversal. The unemployed used to suffer and complain in times of economic stress, but now in times of economic stress, their benefits are so high, they think things are ok and those that work are struggling. Want a good stress free life, get fired. Unemployment benefits,food stamps, get free Obamacare and housing assistance.Keep working, insurance and taxes keep going up . Your tv time will be limited, because you are working and you want be able to listen to Obama's daily speech, blaming someone or something for the problems and his promise to fix it.
  14. OB1
    Offline

    OB1 Active Member

    Joined:
    Sep 5, 2010
    Messages:
    594
    Likes Received:
    35
    Trophy Points:
    28
    Ratings Received:
    +37
    This is a big part of the problem, there is no incentive to work, everything will be given for free why work?

    That and the ability to game the system. Many receiving assistance are better off than those that work hard for a living. Really takes the drive right out of people. Why work? Way more time to enjoy doing the things you enjoy!

    It's Great to be a Florida Gator!
  15. Gatorrick22
    Offline

    Gatorrick22 Well-Known Member

    Joined:
    Apr 3, 2007
    Messages:
    32,555
    Likes Received:
    2,455
    Trophy Points:
    113
    Ratings Received:
    +4,274
    Yeah, because 1.8% growth rate of the GDP in the first quarter of this year is so much better than what that article stated.

    http://www.tradingeconomics.com/united-states/gdp-growth
  16. orangeblueorangeblue
    Online

    orangeblueorangeblue Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    56,413
    Likes Received:
    555
    Trophy Points:
    113
    Ratings Received:
    +2,466
    "Sound" is such a relative term, of course. For some awful reason economic news on either side is tempered through a partisan filter here.

    The economy is better and growing at a slow but consistent pace. That isn't Obama's doing, so don't worry about acknowledging that.

    I also keep seeing people talk about 3% GDP growth, as though our 100-year average isn't a tick over 2%.
  17. Matthanuf06
    Offline

    Matthanuf06 New Member

    Joined:
    Sep 13, 2007
    Messages:
    10,825
    Likes Received:
    17
    Trophy Points:
    0
    Ratings Received:
    +17
    Cut taxes. It is pretty simple. It is really the only solution.

    The left wants to monetize and inflate our way out. The problem with printing is its all an illusion. Maybe you have more money, but it's worth less.

    The only solution is to give people more money without inflating and hurting the dollar.

    Cut taxes.
  18. ThePlayer
    Online

    ThePlayer VIP Member

    Joined:
    Apr 3, 2007
    Messages:
    27,178
    Likes Received:
    377
    Trophy Points:
    83
    Ratings Received:
    +1,683
    Wrong!!
    Lower the worlds' highest corporate tax rate & reform the tax code
    Then remove harmful legislation and other barriers to real growth
  19. jimgata
    Online

    jimgata Premium Member

    Joined:
    Apr 3, 2007
    Messages:
    8,278
    Likes Received:
    111
    Trophy Points:
    63
    Ratings Received:
    +537
    From 1948 to the present the avg. growth rate for gdp has been 3.2%. In the 50's and 60's avg. around 4%.70's and 80's around3% and the last 10 years less than 2%.
    Personal disposal income was growing around 10% in the 70's and 80's.the 90's up until 2008 it was increasing at a 5.8% rate. Since 2009 3.6%.
    More disposable income, better economy. Less taxes more disposable income.
  20. rivergator
    Online

    rivergator Well-Known Member

    Joined:
    Apr 8, 2007
    Messages:
    30,925
    Likes Received:
    319
    Trophy Points:
    83
    Ratings Received:
    +1,446

Share This Page