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Notice since 2008. What do they all have in common. Falling numbers. Hmmmmmmmmmm makes you wonder.
Oh that's right, Baby Boomers are retiring. But then I hear young people can't get jobs because Baby Boomers won't and can't retire.
I guess if we just throw more funny money at the economy things will boom again. I bet Barry was on the phone with Janet Yellen last week seeing if she had the cash for his new stimulus he's been talking about.
Everything is just fine folks, enjoy your 4th of July. Don't blow your fingers off!
Notice since 2008. What do they all have in common. Falling numbers. Hmmmmmmmmmm makes you wonder.
Oh that's right, Baby Boomers are retiring. But then I hear young people can't get jobs because Baby Boomers won't and can't retire.
I guess if we just throw more funny money at the economy things will boom again. I bet Barry was on the phone with Janet Yellen last week seeing if she had the cash for his new stimulus he's been talking about.
Everything is just fine folks, enjoy your 4th of July. Don't blow your fingers off!
Notice since 2001?
Falling numbers.
What year did the oldest Baby Boomers (those born in 1946) turn 55?
So Ken, help me out here. What is your take on the -2.9% GDP last quarter? And please don't give me the "Weather" story, I know you can't be that foolish to believe that.
You don't think severe weather impacts the economy?
So I suppose you think Katrina had no impact on the economy of New Orleans back in 2005. The shutdown of businesses had no economic impact, the later rebuilding had no economic impact?
How about the 30% crop loss to Florida back in 2010 when extra cold weather decimated the citrus industry there? You don't think THAT had an economic impact?
Really?
REALLY?
The fact is, weather has an ENORMOUS impact on the GDP - whether it's a devasting hurricane or a particularly harsh winter. Bad weather impacts all kinds of aspects of the economy - from farming, to construction, to shipping. When people can't make it to work because of the weather, businesses suffer. A closed business doesn't make any money. Workers who don't make it to work have smaller paychecks. Trucks that can't make deliveries don't provide income for the firms that own them.
ALL of that affects the GDP.
Today is the pinnacle of the tourist season on North Carolina's outer banks. Typically 250,000 people head there for 4th of July weekend. It's the absolute busiest time of the year. This morning hurricane Arthur pulled out of there. How many tourists do you think are going to end up spending the 4th of July there now?
Do you REALLY think the weather there won't have a HUGE economic impact on those islands?
Really?
REALLY?
How much of the fall in the 1st quarter GDP was weather-related?
I have no idea. The idea that NONE of it was weather-related is incredibly ignorant though.
In any event we'll know by the end of the month when the 2nd quarter GDP number is announced. If the 1st quarter GDP collapse was largely due to weather, we'll see a pretty big bounce back in the 2nd quarter. If it was simply due to a generally slowing economy, the 2nd quarter numbers will be very poor too.
The fact that payrolls data for the last 3 months was pretty strong tends to support the idea that the big drop in 1st quarter GDP had a lot to do with weather rather than a collapsing economy.
Ken
Last edited by LordBalfor; 07-04-2014 at 11:49 AM..
Just because 288,000 jobs were created doesn't mean anything. A better thing to pay attention to is how many people are getting hired, do people meet the qualifications, how many people did HR reject on bogus excuses, how many people are applying for each job. 91 million people are not in the labor force. 47+ million on food stamps.
It's not getting better.
When there's a backlog of unemployed, it's a pretty safe bet that ALL of those 288,000 either got filled or will soon.
The number of people applying for each job is dropping - an indication that that backlog is gradually getting smaller.
91 million people not in the labor - the vast majority of which DON'T WANT TO BE IN THE LABOR FORCE.
So what?
The number of people on food stamps has fallen by 1.7 million since Jan of last year (it fell by 700,000 in the first 4 months of this year alone).
Sorry to disappoint you, but by virtually every measure it IS getting better.
Its better.. The loud conservative group that likes to use fear to motivate people into voting for them is trying its hardest to make it seem like things are not better.
Here is how to own a Republican in all this mess..
Carter's economy was not good.. It took Reagan til 1985-1986 to get the economy really recovering from that.
Correct right?
Fast forward to 2001. Clinton had a booming economy but it was starting to slow in 2000 (nothing near terrible though) Bush deals with a terror attack, the economy hurts for it. and Bush gets it going again really quickly to a point in 2004 where its growing as fast as it can. The problem? A bubble was created and the tax cuts caused a huge deficit and a crash occurred starting in late 2007 from this. Obama inherits this total disaster and it has taken him 5 solid years to gain traction.. Kind of like Reagan? And one could make a case that Bush 2 left the economy worse off than Carter did.. Yet Republicans act like this is Obama's issue.. Give me a break..
Obama's acted like a conservative on his economic policies and its too early to be known on how the Health Care Act will be for a few years yet. Then we can judge. Its likely we won't know on the real effects of the ACA until Obama is out of office..
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Quote:
Originally Posted by thebigr
Notice since 2008. What do they all have in common. Falling numbers. Hmmmmmmmmmm makes you wonder.
Oh that's right, Baby Boomers are retiring. But then I hear young people can't get jobs because Baby Boomers won't and can't retire.
I guess if we just throw more funny money at the economy things will boom again. I bet Barry was on the phone with Janet Yellen last week seeing if she had the cash for his new stimulus he's been talking about.
Everything is just fine folks, enjoy your 4th of July. Don't blow your fingers off!
Population distribution
Baby Boomers make up a 4th of the population, "young people" make up about 1/13th. Its not a 1/1 ratio.
You don't think severe weather impacts the economy?
So I suppose you think Katrina had no impact on the economy of New Orleans back in 2005. The shutdown of businesses had no economic impact, the later rebuilding had no economic impact?
How about the 30% crop loss to Florida back in 2010 when extra cold weather decimated the citrus industry there? You don't think THAT had an economic impact?
Really?
REALLY?
The fact is, weather has an ENORMOUS impact on the GDP - whether it's a devasting hurricane or a particularly harsh winter. Bad weather impacts all kinds of aspects of the economy - from farming, to construction, to shipping. When people can't make it to work because of the weather, businesses suffer. A closed business doesn't make any money. Workers who don't make it to work have smaller paychecks. Trucks that can't make deliveries don't provide income for the firms that own them.
ALL of that affects the GDP.
Today is the pinnacle of the tourist season on North Carolina's outer banks. Typically 250,000 people head there for 4th of July weekend. It's the absolute busiest time of the year. This morning hurricane Arthur pulled out of there. How many tourists do you think are going to end up spending the 4th of July there now?
Do you REALLY think the weather there won't have a HUGE economic impact on those islands?
Really?
REALLY?
How much of the fall in the 1st quarter GDP was weather-related?
I have no idea. The idea that NONE of it was weather-related is incredibly ignorant though.
In any event we'll know by the end of the month when the 2nd quarter GDP number is announced. If the 1st quarter GDP collapse was largely due to weather, we'll see a pretty big bounce back in the 2nd quarter. If it was simply due to a generally slowing economy, the 2nd quarter numbers will be very poor too.
The fact that payrolls data for the last 3 months was pretty strong tends to support the idea that the big drop in 1st quarter GDP had a lot to do with weather rather than a collapsing economy.
Ken
But Ken, 2.9%. That is a large percentage. The sixth worse GDP since 1929, that's 85 years!!! Weather was fantastic here in South Florida, we had a record tourist season. The entire country did not have a terrible winter, and the places that did have a bad winter have winter weather sometimes severe, sometimes not, every year. They are prepared for winter.
Sixth worse GDP in 85 years. Seriously, think about that.
Now if the GDP is bad next quarter here is an excuse you can use; "Today is the pinnacle of the tourist season on North Carolina's outer banks. Typically 250,000 people head there for 4th of July weekend. It's the absolute busiest time of the year".
Those 250,000 people making other plans, still enjoying the Holiday weekend should be a real kick in the ass for the economy. What is the population of this country?
My wife and I were going to the Outer Banks one year and a hurricane was approaching. Virgina was the recipient of our money as we went to Colonial Williamsburg instead and then to Western NC. Plus on our way home we saw Rottweiler puppies for sale so a person got $750 in South Carolina, money we would not have spent if we would of stayed in The Outer Banks.
I realized in 08 that my team (Republicans) were thieves and lairs. By 2010 I realized your team ( Democrats) were no different than my old team.
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