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I'm not weaseling out of anything just laughing at your desperation. Lets see how hard I argued that hyperinflation point from that link that I posted. It should have turned into a long drawn out battle. Just like how hard I've argued it on this thread if I recall correctly. lol
You either made the claim or you didn't - and CLEARLY you made the claim.
THEN you claimed you NEVER made the claim - when it's pretty obvious you did.
Pretty dishonest.
End of story.
You still haven't explained the amount of workers dropping out of the workforce to prop up your unemployment numbers which are anemic at best. You same folks were decrying how 4.5% unemployment was horrendous during the Bush presidency. Now the current rate is some great acheivement while many have stopped looking for jobs. Meanwhile the inflation rate is out of control............
You either made the claim or you didn't - and CLEARLY you made the claim.
THEN you claimed you NEVER made the claim - when it's pretty obvious you did.
Pretty dishonest.
End of story.
Ken
Actually I didn't. I linked to an article about communism.
Unbelievable. and yet Obama still has a very high approval rating with all this economic disaster. I do not understand what's happened to soul of this nation.
Consumer Confidence Cools as U.S. Jobless Claims Rise
and today the manufacturing component (March ISM) dropped over 6% to 51.1 from 54.2% The markets are climbing on cheap dollars with nothing to back it up. Commodities have been on a tear, yet a strong dollar against the euro-crosses? This house of cards is all smoke and mirrors. Another bubble is well under way.
Look for the metals to climb back above all time highs.
Quote:
Originally Posted by KUchief25
You still haven't explained the amount of workers dropping out of the workforce to prop up your unemployment numbers which are anemic at best. You same folks were decrying how 4.5% unemployment was horrendous during the Bush presidency. Now the current rate is some great acheivement while many have stopped looking for jobs. Meanwhile the inflation rate is out of control............
Because it's still Bush' fault. If the economy heads south even further, it'll still be blamed on anyone but this administration. The fact that this President can send his kids on two ski vacations and himself to golf with Woods ($3M), at the same time he punished tourists by closing the WH tours, tells us all we need to know. A complete disconnect from reality. Let them eat cake.
Actually I didn't. I linked to an article about communism.
Actually you DID:
Quote:
Originally Posted by KUchief25
Lets see what the great orator has to offer up.........
"“In the meantime, cuz I know people are hurting right now and it feels like a tax out of their paychecks, what we’re doing is looking at every single possible area that can impact gas prices, from bottlenecks that are out there right now, we’ve set up a task force to look into speculation to make sure the folks aren’t taking advantage of the situation on the global oil markets.”
What did Lenin do to speculators in communist russia..........
" Rather than repeal its price controls, the Bolshevik regime scapegoated black marketeers and speculators, unleashing the Cheka upon them with orders to administer summary executions."
We are getting closer by the day folks...........
Uncontrolled inflationary printing press finance, ultimately leading to hyperinflation and nationwide reversion to barter
Near universal nationalization of manufacturing; widespread nationalization of retailing
Stringent price controls upon and forced requisitioning of agricultural products; state monopoly on grain purchases
Forced labor for civilians as well as the military
and today the manufacturing component (March ISM) dropped over 6% to 51.1 from 54.2% The markets are climbing on cheap dollars with nothing to back it up. Commodities have been on a tear, yet a strong dollar against the euro-crosses? This house of cards is all smoke and mirrors. Another bubble is well under way.
Look for the metals to climb back above all time highs.
Thanks for bringing up the ISM - and since you did, let's take a look at that ISM shall we?
Sure, the ISM goes up and down - but the fact is 51.1 is STILL GROWTH (anything above 50 is growth) - and in fact (weak as it is) is BETTER growth than any of the last 17 months (just shy of a year and a half) of the Bush presidency (when Bush left office the ISM was 34.9). The ISM stayed negative for the bulk of Obama's first year then turned around and since then (Aug of 2009) the ISM has shown continuous growth for all but ONE month (Nov of last year when it was 49.9 (just barely negative)) - that's 44 out of the last 45 months. Again, THAT is what the DATA SHOWS - recovery and economic growth. It's not "political spin" or "liberal economic theory" - it's JUST A FACT. US manufacturing has been growing pretty steadily for nearly 4 years now (with just one single month that was just below breaking even).
Business confidence is more or less at the level it's averaged at since 2000.
Don't have a chart for it, but's pretty clear business spending is pretty low.
Consumer confidence is is still shaken by the recession but slowing creeping back up.
Consumer spending is actually at a record high.
It is exactly that- lack of marked demand for capital. The impact of the Federal Reserve is small in relation to demands by the business sector and consumers for capital. There are, of course, MANY reasons for changes in interest rates, but capital demand is one of the main driving forces.
It is exactly that- lack of marked demand for capital. The impact of the Federal Reserve is small in relation to demands by the business sector and consumers for capital. There are, of course, MANY reasons for changes in interest rates, but capital demand is one of the main driving forces.
Sure, we NOT yet there (fully recovered) - I NEVER said we were. We are recovering - not recovered. The fact is, the economy got the cr*p beat out of it in late 2008 and into early 2009 and it's taking it a longgggg time to heal. Some areas of the economy are fully recovered, but the economy as whole has not - that's WHY the Fed continues to do what it does. We are slowly healing though be virtually every economic measure and it won't be too much longer (a year - maybe a bit more) before the Fed will let interest rates start to rise.
You still haven't explained the amount of workers dropping out of the workforce to prop up your unemployment numbers which are anemic at best. You same folks were decrying how 4.5% unemployment was horrendous during the Bush presidency. Now the current rate is some great acheivement while many have stopped looking for jobs. Meanwhile the inflation rate is out of control............
Already covered that. 50,000 Americans retire every single day - that's a LOT of people. The largest generation (the Babyboomers) in US history are reaching retirement age in record numbers and leaving the workforce. What planet are you from that you don't understand that? Concern about Social Security funding when so many folks are retiring has been a topic discussed for ages now so it's not like it should be news that the labor participation rate will suffer as a result - that's the WHOLE CONCERN ABOUT FUNDING SOCIAL SECURITY. And YES I KNOW that more seniors are working longer - but even with that, those seniors still working are a TINY fraction (less than 8%) of the total number of folks reaching retirement age so clearly MOST seniors (92%) ARE retiring.
And NO I NEVER decried 4.5% unemployment rate (there you go playing lose with the facts again).
And NO inflation is NOT "out of control".
Inflation rate for 2009: -0.4%
Inflation rate for 2010: 1.6%
Inflation rate for 2011: 3.2%
Inflation rate for 2012: 2.1%
All of which is a lower cumulative inflation rate than for ANY president since JFK a half century ago.
Again, you're posting drama queen nonsense that has no relationship to reality.
Already covered that. 50,000 Americans retire every single day - that's a LOT of people. The largest generation (the Babyboomers) in US history are reaching retirement age in record numbers and leaving the workforce. What planet are you from that you don't understand that? Concern about Social Security funding when so many folks are retiring has been a topic discussed for ages now so it's not like it should be news that the labor participation rate will suffer as a result - that's the WHOLE CONCERN ABOUT FUNDING SOCIAL SECURITY. And YES I KNOW that more seniors are working longer - but even with that, those seniors still working are a TINY fraction (less than 8%) of the total number of folks reaching retirement age so clearly MOST seniors (92%) ARE retiring.
And NO I NEVER decried 4.5% unemployment rate (there you go playing lose with the facts again).
And NO inflation is NOT "out of control".
Inflation rate for 2009: -0.4%
Inflation rate for 2010: 1.6%
Inflation rate for 2011: 3.2%
Inflation rate for 2012: 2.1%
All of which is a lower cumulative inflation rate than for ANY president since JFK a half century ago.
Again, you're posting drama queen nonsense that has no relationship to reality.
Money can't buy happiness but pumping $80 billion a month into the economy can apparently buy artificially low inflation rates....
Another old saying: "paybacks are a bitc$".
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And YES I KNOW that more seniors are working longer - but even with that, those seniors still working are a TINY fraction (less than 8%) of the total number of folks reaching retirement age so clearly MOST seniors (92%) ARE retiring.