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Old 02-09-2012, 05:04 PM
 
Location: Charlotte, NC (in my mind)
7,943 posts, read 17,252,682 times
Reputation: 4686

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It doesn't take a rocket scientist to see this economy is still very bad for many many people. While it doesn't seem to be getting worse, it has only slightly improved if at all. Millions are still unemployed and millions more underemployed. People are still losing their homes, and businesses aren't even creating enough jobs to account for population growth. Yet the story we hear from the left is that happy days are here again thanks to Obama's economic policies. After the election, will you admit things really aren't really improving at a satisfactory rate?

Most economists predict unemployment will rise above 9% again in 2013, hardly a forecast of recovery.
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Old 02-09-2012, 05:08 PM
 
Location: Portland, OR
8,802 posts, read 8,897,466 times
Reputation: 4512
Quote:
Originally Posted by bchris02 View Post
It doesn't take a rocket scientist to see this economy is still very bad for many many people. While it doesn't seem to be getting worse, it has only slightly improved if at all. Millions are still unemployed and millions more underemployed. People are still losing their homes, and businesses aren't even creating enough jobs to account for population growth. Yet the story we hear from the left is that happy days are here again thanks to Obama's economic policies. After the election, will you admit things really aren't really improving at a satisfactory rate?

Most economists predict unemployment will rise above 9% again in 2013, hardly a forecast of recovery.
The economy is improving. Didn't you see all the random statistics that the BEA has released? Don't you believe your government?
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Old 02-09-2012, 05:33 PM
 
Location: #
9,598 posts, read 16,565,019 times
Reputation: 6324
Quote:
Originally Posted by bchris02 View Post
It doesn't take a rocket scientist to see this economy is still very bad for many many people. While it doesn't seem to be getting worse, it has only slightly improved if at all. Millions are still unemployed and millions more underemployed. People are still losing their homes, and businesses aren't even creating enough jobs to account for population growth. Yet the story we hear from the left is that happy days are here again thanks to Obama's economic policies. After the election, will you admit things really aren't really improving at a satisfactory rate?

Most economists predict unemployment will rise above 9% again in 2013, hardly a forecast of recovery.
How many economists predicted the crash while GW Bush was in office?

How many members of Wall Street?
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Old 02-09-2012, 05:34 PM
 
Location: CHicago, United States
6,933 posts, read 8,493,093 times
Reputation: 3510
Quote:
Originally Posted by bchris02 View Post
It doesn't take a rocket scientist to see this economy is still very bad for many many people.
Excellent observation. What leads you to believe the rest of the country doesn't feel the same way?
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Old 02-09-2012, 05:37 PM
 
8,263 posts, read 12,197,191 times
Reputation: 4801
Quote:
Originally Posted by bchris02 View Post
Most economists predict unemployment will rise above 9% again in 2013, hardly a forecast of recovery.
This smells like a made up fact. Got a link? When did someone poll "most" economists?
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Old 02-09-2012, 06:01 PM
 
7,374 posts, read 8,760,317 times
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Its the Austrians who are predicting the next crisis(yet again, many of the Keynesian's pretend that everything is going to be okay - such as Bernanke) - the looming commercial real estate crisis, which will make the last crisis pale by comparison. Following that will come another round of bailouts/stimulus ... That is when the hyper inflation sets in for real, while we are spending billions every weak in the next war coming with Iran that everybody is so gung-ho about, though there might need to be another terrorist attack before they can convince the world that invading Iran is the right thing to do, and to tell them to leave off if that doesnt work and claim we were attacked by Iran. Then finally the collapse of the dollar as it is ceases to be the world reserve currency.


Commercial Real Estate's Coming $1.4 Trillion Crisis - DailyFinance

Understanding the Commercial Real Estate Debt Crisis | Harvard Business Law Review (HBLR)

Mish's Global Economic Trend Analysis: Commercial Real Estate Apocalypse in 2011-2012

Day of the Dead State


But go ahead and stick your head in the sand, and continue business as usual ... And then when the crap hits the fan, you can all repeat the famous Keynesian mantra, "how could we have known?"

Last edited by Ironmaw1776; 02-09-2012 at 06:15 PM..
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Old 02-09-2012, 06:02 PM
 
Location: Portland, OR
8,802 posts, read 8,897,466 times
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Originally Posted by slackjaw View Post
This smells like a made up fact. Got a link? When did someone poll "most" economists?
It's not a fact, it's a prediction.
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Old 02-09-2012, 06:03 PM
 
8,263 posts, read 12,197,191 times
Reputation: 4801
No, saying most economists predict something implies there was a survey of economists done and the majority predicted it.
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Old 02-09-2012, 06:20 PM
 
Location: Lewes, Delaware
3,490 posts, read 3,792,060 times
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After the election, will liberals admit the economy really is still in poor shape?


Of course they will, Liberals wll give the Republican elect the same amount of time to fix this mess that Obama was given 4 years previous. About 15 minutes.
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Old 02-09-2012, 09:38 PM
 
Location: Charlotte, NC (in my mind)
7,943 posts, read 17,252,682 times
Reputation: 4686
Quote:
Originally Posted by slackjaw View Post
This smells like a made up fact. Got a link? When did someone poll "most" economists?
CBO: Unemployment Could Top 9 Percent in 2013 - US News and World Report
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