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GDP is a worthless measure? That's new to me. GDP is the universally recognized measure of the value of goods and services produced. That sounds pretty worthy to me.
Like I said GDP doesn't measure quality, so what good is it? Keep ignoring that FACT.
Quote:
Originally Posted by MTAtech
The problem is that you want to cast the worst light on the economy because Democrats are running the government. So, when GDP rises, you whine sour grapes and marginalize the measure itself. When unemployment drops, you claim the numbers are faked.
The problem is that you want to cast the worst light on me so you make things up about what I do and deflect in order to make it about me because you have no facts to back up your weak position about GDP. You have nothing to prove this ridiculous statement you've made up about me, NONE.
I'll be waiting for you to call me racist next.
Keep ignoring the FACT that GDP doesn't measure quality. Keep ignoring the FACT that the unemployment rate doesn't show the entire picture of who is and who isn't working.
Quote:
Originally Posted by MTAtech
In essence, when reality doesn't conform to what you want it to be,you deny reality.
In essence, when reality doesn't conform to what you want it to be, you lie about what others believe in. Pathetic
Quote:
Originally Posted by MTAtech
The fact is, the economy is improving -- slower than I want but it is undeniably improving. Why is it too slow? Not because the government has been too aggressive. It hasn't been aggressive enough.
The fact is the economy has not improved as the quality of our lives has worsened. You fail to address the FACT that the average family income is stagnant at best while prices rise. You fail to address the FACT that this is the highest percentage of people out of work in 30 years. You fail to address the FACT that this is the highest percentage of people on foodstamps.
Instead you've tried to make it about me by making false statements about why I do things.
The question presumed that increasing the money supply devalues the dollar. I don't accept that presumption.
because you cannot accept the truth? How do you not know the dollars purchasing power has been decreasing for a very long and in leaps and bounds since 1913?
Quote:
Originally Posted by MTAtech
Saying GDP isn't a measure of the economy is like saying a speedometer doesn't measure the speed of a car. GDP measures goods and services sold, which is economic activity.
Which does not measure quality whatsoever. Which is the most important thing a purchaser wants. But you say the most important thing doesn't matter. Thanks for telling us what does and doesn't matter. What would we the people do without those like you telling us what is and isn't good for us.
It's not how you feel it's how you look, right?
Quote:
Originally Posted by MTAtech
QE isn't giving $125K to each family -- as I didn't get mine. It goes into the banking system.
And by the time the money hits we the people its been devalued.
WASHINGTON (MarketWatch) — The U.S. economy expanded in the third quarter at its fastest pace in two years owing to stronger consumer spending and business investment than previously reported, according to newly revised government figures.
Gross domestic product climbed at a 4.1% annual rate from July through September, the Commerce Department said Friday. Previously the increase was reported as 3.6%.
In Friday action, the improved GDP figure helped to push U.S. stock markets higher. Read Market Snapshot.
"Yet the news wasn’t entirely positive. While Americans spent more on recreational pursuits, the bulk of the increase in consumer outlays was directed toward health care and gasoline — necessities that deprive households of discretionary income to spend on other goods and services."
because you cannot accept the truth? How do you not know the dollars purchasing power has been decreasing for a very long and in leaps and bounds since 1913?
...
So, what does that have to do with QE, which wasn't around in 1913?
The largest fall in the dollar was in the 2000 decade, before QE. Since QE, no drop at all. Those are facts.
The question presumed that increasing the money supply devalues the dollar. I don't accept that presumption.
Zimbabwe and reality disagrees with you
Quote:
Originally Posted by MTAtech
Saying GDP isn't a measure of the economy is like saying a speedometer doesn't measure the speed of a car. GDP measures goods and services sold, which is economic activity.
But once again, economic activities isnt the sole indicator of an economy, is it? Otherwise breaking windows and fixing them for everyone in the nation would indicate a booming economy
Quote:
Originally Posted by MTAtech
QE isn't giving $125K to each family -- as I didn't get mine. It goes into the banking system.
Never suggested it is, I said IF we gave everyone $125K we would devalue the dollar, the GDP would skyrocket, and you'd be here celebrating the fabulous economy we have, while ignoring that we're all living in poverty as a result.
I know all about the GDP being the universal measure of value of goods and services produced, but saying its a measure of value of goods and services, isnt the same as saying its an indication of the economy..
The only thing universal about GDP is the definition as "a measure of...blah blah blah blah."
How GDP is calculated is not universal.
That's one of the big lies Obamacare supporters used....yeah, there's so many lies it's taken me years to beat them all down.
Euro-States and the US do not calculate GDP in the same way, and because they don't, it makes it appear as though healthcare in the US costs more, when it fact it doesn't. When Euro-States and the US are all using the same math formula to calculate GDP, you will see that there is nothing really unusual about healthcare costs or spending in the US compared to Euro-States (or the rest of the world).
The Euro-States have been dragging their heels implementing the new formula, and if I had to guess, I'd say the new numbers might be damaging to some of the political parties, and they're tying to figure out how to spin it.
Quote:
Originally Posted by pghquest
You havent answered the question..
He doesn't know how and if it's not coming from an Obamabot Talking Point he won't.
Quote:
Originally Posted by pghquest
People people GAVE UP LOOKING for work..
An you think thats bettter then people workin?
If these figures quoted by Mircea are correct, whats better about them?
'LNU02000000
'(Unadj) Employment Level
145,113,000 July 2013
144,651,000 September 2013
------------ -462,000 Americans lost their job.
'LNU02500000
'(Unadj) Employed, Usually Work Full Time
177,688,000 July 2013
177,308,000 September 2013
------------ -380,000 Americans lost their Full-Time job.
But, of course, they're correct......except for the typo....
'LNU02500000
'(Unadj) Employed, Usually Work Full Time
117,688,000 July 2013
117,308,000 September 2013
------------ -380,000 Americans lost their Full-Time job.
LNU02000000
LNU02500000
...click "Next"....do nothing except change the year range to the earliest years you want (or are available) then "Retrieve."
That is what actually happened in your world.
So, during the 3rd Quarter when you had this "fantastic" 4.1% GDP increase, 462,000 Americans lost their jobs, including 380,000 Full-Time jobs.
Now, these people have no qualms about lying to you right in your face, and they will tell you that it was "retiring Boomers" (snicker).
LNU05000097
'(Unadj) Not in Labor Force, 65 yrs. & over
35,516,000 July 2013
35,513,000 September 2013
----------- 3,000 Boomers re-entered the work-force.
If retiring Boomers (snicker) are not the cause of the job losses, then what is?
Obamacare is part of the problem. They won't admit that even in the face of overwhelming evidence. Eventually, when they cannot deny it anymore, then they'll change their song and dance to something like "sacrifices have to be made for the good of others" or something.
Universally...
Mircea
Last edited by Mircea; 12-29-2013 at 10:44 AM..
Reason: Correcting typo
So, what does that have to do with QE, which wasn't around in 1913?
sigh I said, which everyone can see, it started in 1913. You know the birth of big governments Federal Reserve. The Fed stayed out of the depression in the early 1920s, which was worse than our current economic climate, and w recovered in two years time. The Fed didn't get involved much until FDR.
Quote:
Originally Posted by MTAtech
The largest fall in the dollar was in the 2000 decade, before QE. Since QE, no drop at all. Those are facts.
No drop at all? Even though prices are rising and wages are stagnant? sigh
You didn't address what I posted. You just put in a smiley face. That doesn't mean things are getting better it just means you have a smiley face in your post.
The average familys income is stagnant at best while prices are rising. Our purchasing power is dropping. Yet YOU say things are better?
Perhaps you should take a look back at all the millions of jobs lost as a direct result of the Bush Economic Disaster of 2008 ....
July 2010 - 58,000 jobs lost (143,000 Federal Census jobs lost) [5]
August 2010 - 51,000 jobs lost
September 2010 - 27,000 jobs lost (According to U.S. Labor Department, 64,000 private sector jobs are added but a net loss of 95,000 jobs are due to government layoffs) [6][7]
October 2010 - 220,000 jobs created (Private sector jobs net increase)
November 2010 - 121,000 jobs created
December 2010 - 120,000 jobs created
January 2011 - 110,000 jobs created
February 2011 - 220,000 jobs created
March 2011 - 246,000 jobs created
April 2011 - 251,000 jobs created
May 2011 - 54,000 jobs created
June 2011 - 84,000 jobs created
July 2011 - 96,000 jobs created
August 2011 - 85,000 jobs created
September 2011 - 202,000 jobs created
October 2011 - 112,000 jobs created
November 2011 - 157,000 jobs created
December 2011 - 223,000 jobs created
January 2012 - 275,000 jobs created
February 2012 - 259,000 jobs created
March 2012 - 143,000 jobs created
April 2012 - 68,000 jobs created
May 2012 - 87,000 jobs created
June 2012 - 45,000 jobs created
July 2012 - 181,000 jobs created
August 2012 - 142,000 jobs created
September 2012 - 114,000 jobs created
You keep talking about Labor Participation Rate being the lowest in 30 years?
Please tell me when else during the past 30 years did we ever loose 7 MILLION JOBS in matter of ONE YEAR?
Many of those companies went bankrupt and closed forever. Circuit City is one example.
It's not like those lost jobs would be waiting for the employees when the economy improved. Those positions were gone forever.
So it's expected that we would have a lot of more people who ultimately gave up looking for jobs, after so many businesses closed forever, and 7 Million people were now competing for what was left.
The Bush Economic Disaster of 2008 was one of the worst blows to our economy in our nation's history, and we are still dealing with the aftermath 5 years later!
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It is fueled by consumer spending and business investment, which is good. 
