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Discussion in 'Too Hot for Swamp Gas' started by PSGator66, Aug 2, 2013.
Where do we go from here?
Easy, Obama needs to start the "APOLOGY TOUR" US edition. Obama has the fed, the MSM and even Knee Pad Wearing, Blogging Apologists on TOO HOT, yet another "Summer of Recovery" will be a wash out. Sadly, even with anemic jobs gain (most of which are no doubt part time service jobs), the # of discouraged workers leaving the work force causes the unemployment rate to drop 2 1/10s of a %.
Look for the Apology Tour White House Bus in a city near you. This will be of course after the Obama's month of vacation on Cape Cod.
"Brad Sorensen, Charles Schwab's director of market and sector research, said the jobs report was "moderately disappointing."
"That tepid growth we've seen, (the economy) not being able to reach escape velocity, continues to be the story," Sorenson said. "
Investors have been watching economic reports closely and trying to anticipate when the Federal Reserve will start easing back on its economic stimulus. The central bank is buying $85 billion in bonds every month to keep long-term interest rates low and encourage borrowing.
Now that all other children are growin' up? And how do we spend our time...
I guess we go up, we hope.
fall as hard as it shows, it will take much longer to regain
this was no ordinary recession
add to it, that true globalization has taken root, and the US is much more affected by the world's economy then ever
used to be much easier when there wasn't much competition
then you have everyone trying to save and hoard, which reduces demand
takes patience grasshopper, and no supply-side magic is going to save the day
108, you obviously were not around during the Reagan years. The carter economy was as bad or worse than what Bozo inherited and we can roaring back using "supply side" economics. Reagan's only mistake was trusting Tip O'Neil and the house would hold down spending. Tip did not deliver which is part of our deficit issues. But after cutting rates and eliminating deductions, the economy roared back. In one month we gained 1 M jobs.
um, did you not see the difference in drops between the 2?
I don't know if it is a trend or even significant but the last three recessions appear to have a slower recovery trajectory. Any chance this is partially tied to increased globalization?
Hopefully we're not entering an era of short booms followed by recessions with long recoveries.
With the progressive leftist leadership we have... nowhere is where we go..
Looks very European to me, that's what Hussein wants anyway.
Forget the job losses. I'm talking about job Growth. Under Reagan....massive. Under Obama, we are 3.4 M jobs down from peak. And job gains under Obama are mostly part time. Why? Bush?
Interesting. Hopefully the private sector tracks like it did with Clinton and Reagan.
A.P.P. reset. Very nice.
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