reason there hasn't been the usual number of threads about economy

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

  1. oldgator
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    oldgator Premium Member

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    could be because there have been a number of consecutive months showing marked improvement---despite GOP obstructionism in the House of Rep(though no doubt cons will say 'despite Obama').

    The bottom line is that cons are having difficult time in recent weeks on this board doing their typical bashing of the economy as a whole.

    hopefully cons will do better than their usual lame op-eds from WND, Fox, and other ultra con sites

    http://www.reuters.com/article/2013/07/06/us-usa-economy-idUSBRE95O0S520130706
  2. ncbullgator
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    ncbullgator Well-Known Member

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    Bottom line.

    Exceed your credit card line by spending over five trillion dollars and anyone and/or any economy would look like a prom queen.

    And yet you claim credit for your Marxist.

    You should be embarassed.

    :shhh:
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  3. oldgator
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    oldgator Premium Member

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    yes, that exceeding of credit card was done by both(please note the word 'both') Obama and GWB. As well as other presidents

    something to consider
    When GWB came into office there was not a massive debt left by the previous admin(I don't give credit to Clinton for two reasons----it was the techno boom in computer tech and our nation's monopoly of it that was the key factor. All Clinton did was support that advantage by policies limiting the knowledge from going to foreign corporations, govts. That with Clinton's policies that were supportive of our nation being able to have monopoly on computer tech for a number of years was also a number of policies that resulted in the Dot.com disaster). Much of GWB's splurging beyond his credit card limit was a number of actions including a war that was wrong and initiated on lies GWB admin used on the American people so as to gain popular support for a war that shouldn't have been declared at that time on Saddam Hussein. Politicians of both parties were massively pressured due to GWB's misuses of bully pulpit to support GWB's declaration of war on Iraq. And the few politicians who did not knuckle under to GWB's misuses of the bully pulpit were soundly denounced by GOP/Cons as being un-patriotic. With amny of those who accused those voicing opposition to GWB declaration of war on Iraq being the same ones today who are denouncing that war and trying to distance themselves from the part they had in voting for it.

    contrast that to Obama---When Obama came into office he was coming into an economic crisis that was already of massive proportions before he was sworn in to his first term. Simply put---desperate times call for desperate measures. And he chose to go the route of a business truism 'Sometimes you need to spend money to make money'. In other words the govt needing to spend money despite being in debt in order to get the govt out of debt. the critical thing of course is just what the govt spends the money on to reverse the downslide and get the country out of debt.

    During the Great Depression there was some money that was infused into the economy by private citizens(namely a few wealthy people who did not do the risky investment practices others did that resulted in so many going bankrupt in the first days of the Depression). The other major infusion of cash into the economy was from federal govt in the form of works programs that created jobs and at same time provided vital needs to the country(power grid, dams, etc).

    With the economic crises that existed before Obama came into office there was not a major outlay of cash from private sector in order to rescue the economy(ie---no major investors were lining up to spend their money to rescue automobile industry or the banks).

    Without that outlay of cash from private sector(do you hear me Mitt Romney?)---that money has to come from the govt. and without the outlay of cash from major private sector sources the time of recovery is prolonged. Hence our seeing a lot of positive things 5-6 years after the 2008 crash instead of in just 3-4 years.

    In regard to the FRD years---the recovery from the Great Depression was going well initially after the implementaton of 'Alphabet Soup' group of bills. There was a massive slowing of the recovery during his second term. During that term FDR/Dems deliberately sought to work with GOP in genreating legislation that was more of a compromise than the Dem/Lib legislation of FDR's first term. In other words FDR sought bi-partisanship. And Bill came about that ended up slowing the recovery. While they slowed the recovery, I have little doubt that the compromise legislation was less 'risky' than the Dem legislation of the first FDR term. The legislation of that first term was risky with possiblility of stopping the worsening of the economy. While at the same time there was high risk that it would fail. Though compromise legislation tends to deal with economic and other issues more slowly----it is also likely to be less risky than legislation that is bullied thru by one party or the other....

    I myself am not a total supporter of Obama economic policies. But I recognize that they were desperate measures he chose to take(buck stops with him) in an economic crisis. What is sad is that he sought compromise economic solutions and was met by GOP House that had the attitude of their way or the highway(no compromise).
  4. g8orbill
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    g8orbill Gators VIP Member

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    if you call less than 3% growth improvement then I guess you can say that-of course if we weren't just printing money it would be less than 1% growth
  5. ncbullgator
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    ncbullgator Well-Known Member

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    Oldgator is clueless.

    :sick:
  6. GatorFanCF
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    GatorFanCF Premium Member

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    There is a misguided implication in the OP's first sentence that all that needs to be done is for Congress (specifically the Republican House) to pass a series of bills (i.e. spend money) and Voila! the economy is working well for all Americans. It leads folks who accept the premise to believe that their fate is tied up in Washington.

    So much for Adam Smith's "invisible hand." So much for individual choice. Bring on the central planning. Today, we move forward comrades.
  7. gatordowneast
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    OLD, thanks once again for my morning laugh. I've learned not to have coffee in my mouth before reading one of your posts or analysis. Our growth rate is projected to be 1.4% with the fed pumping in $85 B monthly and Obama deficits approaching $6 T since he's been in office. Do you understand economics at all? Is this good? Should we be proud of our economy creating part time and service jobs because companies have laid off full time workers. You do realize we have approximately 3.5 M less people working in this country today than we did in 2007, don't you?

    I'm in Minneapolis (bastion of liberalism) downtown area for a wedding and a short walk to dinner by wife and I and we were accosted 3 times by panhandlers wanting $5 for a room (bottle of booze more likely). Groups of unemployed youths roaming around scaring tourists. And I thought Minnesota's taxes would take care of this problem? And the economy is good? We are on a treadmill going minimum speed of .5 MPH.
  8. atlg8rfan
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    atlg8rfan VIP Member

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    old,

    We disagree.

    signed,
    millions of Americans still looking, or have given up looking, for work
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  9. jimgata
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    Manufacturing jobs decreased this past month, bringing the total number of mfg jobs created bt this adminstration to exactly ZERO. How long can we exist with only jobs for services and retail?
    The work force has declined and fewer workers are employed now that when Obama took office.
  10. ncbullgator
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    ncbullgator Well-Known Member

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    Obama has improved the outlook for those citizens seeking employment at WalMart. He will even throw in free health care (paid for by their working neighbors).

    Well done.

    :grin:
  11. gatordowneast
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    It's a holiday week Old. Here are some stats for you:

    "The underemployment rate — a broader gauge of joblessness that includes people who stopped looking for work and part-time workers who prefer full-time jobs, as well as the unemployed — jumped to 14.3% from 13.8%. The number of so-called involuntary part-time workers increased by 322,000 to 8.2 million.

    The average workweek was unchanged at 34.5 hours. Employers typically increase the hours of existing workers before adding new ones. Average hourly earnings rose 10 cents to $24.01.

    Leisure and hospitality led job gains with 75,000. Professional and business services added 53,000 and retailers, 37,000. The construction industry added 7,000 jobs while manufacturers cut 8,000.

    And last week, the government revised down its estimate for first-quarter economic growth to an annual rate of 1.8% from 2.4%."

    Now one can try to make chicken salad out of chicken droppings but....

    The Obama economy has produced jobs in the lowest paying categories, service industries, hospitality, retail. Most are part time. Would you like a hot apple pie with your order Old?
  12. ncbullgator
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    ncbullgator Well-Known Member

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    Old could care less. He demands he get a government check from the labor of his hard working neighbors.

    :sick:
  13. MastaG8r
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    MastaG8r New Member

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    Just another troll thread by oldgator, whose routine is getting...well, old. Make a preposterous statement intended to provoke hostile or at least incredulous responses from Conservatives, and then complain about "personal attacks" and insults when the desired replies are received. Rinse, repeat.

    Lame. :bored:
  14. FlyingGatorII
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    But not until after the mid term elections..since Obamacare will be so good it wouldn't be fair to Republican candidates to have to run against how great it is working and how cheap it is..:no:
  15. g8trjax
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    How many part time jobs will I have to work to qualify for that mortgage I've been dreaming of?
  16. T3goalie
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    T3goalie VIP Member

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    Numbers games... The middle class is much getting smaller. 60% of jobs lost were middle class jobs. Now 60% of jobs being created are low hourly wage jobs. The divide is becoming wider. With approximately 47% of adults holding full time jobs the economy is not healthy regardless of spin. How either side of the aisle could try to champion this as a recovery is farce. Take away the 85 billion a month and see what happens to the stock market balloon and the so called housing recovery. Ignorance is truly bliss.
  17. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    What's the conclusion here, though? The middle class has been shrinking since the late 1960s.
  18. orangeblueorangeblue
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    orangeblueorangeblue Well-Known Member

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    to wit
  19. dadx4
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    dadx4 Well-Known Member

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    You are funny. The economy is still in the crapper, the stock market is artificially inflated by Bernanke. You should know this.
  20. LittleBlueLW
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    LittleBlueLW Well-Known Member

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    Surely you jest.:grin:

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