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Inflation is primarily driven by expanding fiat currency....something that is not in the control of our government as it Constitutionally should be, but rather by private bankers of the "Federal Reserve".
In four years, under Obama we created over 19 million new poor, or over 330,000 new people signing up for food stamps each and every month for 56 months. Whereas Bush created 11 million over eight years. Like everything else under Obama, he takes the worst of every president before him and doubles down on it.
Lol I know right! He is such an evil, vindictive, Muslim, socialist, communist. I don't think we should ever forgive him for causing a recession or passing legislation before he was president.
Aside from a few seasonal blips, the SNAP usage has gone down every month since Dec 2012.
News flash, more elderly are working past age 65 than ever before, so your talking point of blaming retiring baby boomers fails.
What you don't seem to realize, my mathematically challenged friend, is that 40 is less than 80 and increasing 40 to 44 does not make 44 greater than 80. And people wonder why companies have to hire foreigners.
Quote:
Originally Posted by OICU812
We also see story after story of young people living at home with their parents because even after college they still cannot find a job in Obama's economy.
It's already been pointed out before, but 84% of those under 35 still living at home do not have a college degree.
thank the globalist fascist liberal policies have been killing the USA
In July 2007 there were 147,315,000 employed.
As of now, there are 147,104,000 employed.
In July 2007 123,219,000 Americans worked Full-Time.
As of now, there are 119,472,000 Americans employed Full-Time.
Uhm, to make this Fail even funnier, the number of Americans age 55+ looking for Part-Time work is 324,000.
On the other hand, 1.14 Million Americans 55+ are looking for Full-Time work.
Yes, but when Reagan was in office, the economy was booming from 1983 on.
Free falling inflation was a result of both tighter control on the money supply and economic growth.
Economic growth increases the value of money while tight control of the money supply prevents gains from being lost.
Who tightened up the money supply and when did that start? Here is a hint, it started before Reagan became President. So how was Reagan responsible for that?
Lots of things occurred in the eighties that led to the economic expansion. Very few of them had anything to do the the Reagan Presidency.
^^^^Absolutely wrong. Carter hired Volcker but it was reagan who gave him the cover to bring the economy back to live and put a dreadful end to four lost and dismal years of Carternomics.
Over ONE MILLION new jobs were created in a single month under Reagan (Sept.1983 as the WSJ reported) as the economy took off; compare that to Obama's worst-in-the-nation's history job growth numbers since he took office, on top of all of the '29ers' created by ObamaCare who have had their hours and income cut courtesy of Obama & Co, and his fellow Democratic Party dimwits.
President 'Pass The Buck' and simultaneously earning the moniker of the 'Food Stamp President'; it took someone really 'enlightened' and' transformational' to pull off that unprecedented distinction.
It figured to be a Democrat, and they'll have to defend ObamaCare for decades to come, as well as the current flat-as-a-bowling-alley economy which THEY are 100% responsible for.
^^^^Absolutely wrong. Carter hired Volcker but it was reagan who gave him the cover to bring the economy back to live and put a dreadful end to four lost and dismal years of Carternomics.
Over ONE MILLION new jobs were created in a single month under Reagan (Sept.1983 as the WSJ reported) as the economy took off; compare that to Obama's worst-in-the-nation's history job growth numbers since he took office, on top of all of the '29ers' created by ObamaCare who have had their hours and income cut courtesy of Obama & Co, and his fellow Democratic Party dimwits.
President 'Pass The Buck' and simultaneously earning the moniker of the 'Food Stamp President'; it took someone really 'enlightened' and' transformational' to pull off that unprecedented distinction.
It figured to be a Democrat, and they'll have to defend ObamaCare for decades to come, as well as the current flat-as-a-bowling-alley economy which THEY are 100% responsible for.
What exactly to I have absolutely wrong? The Fed under Volcker, while Carter was President, did raise the Fed Funds rate in order to fight inflation. That is an absolute fact.
Forbes is ecstatic over the stock market bubble..Obama and the fed are feeding it and the big investors are making out like thieves.. it will soon come to an end and the little people will lose their wealth in their 401k's as usual as the crash takes place.
People mistake the Stock Market for "the economy." It isn't. I read a full article recently (can't remember where) on why the Stock Market does not represent "the economy." It made perfect sense. The Stock Market can be up one week and come crashing down the next. The economy as a whole does not behave that way, and if the Stock Market was an indication of the overall economy, why don't people have jobs? Why isn't business expanding? Why are there so few (if any) new business start ups?
Under Reagan, we had 96 straight months of real economic expansion, and the effect of Reagan's policies continued into the Bush years.
The Obama economy is worse than the Jimmy Carter years, and that's a fact.
It is true that for rich white folks (like myself), Obama's Presidency has been a financial windfall. However, the gap in income, wealth, jobs, the proportion of income of the top 10% has been turbocharged during his Presidency. The irony is that everyone and everything he said he wanted to do, help the blacks, the poor, the lower income, the young, he has damaged tremendously. Median income has fallen precipitously. And those he demagogued against the rich white fat cats on Wall Street, the very wealthy, whites, males have benefitted tremendously with him at the helm.
So either he is an idiot and doesn't understand economic matters to obtain his goals OR he deliberately did the exact opposite of what he said he wanted to do. I think it's more likely the latter.
The American people do not see a very successful administration. Quite the contrary. I also take notice that the economic collapse began when poll numbers showing then Senator Barrack Obama was likely to be the next President. The economy has not recovered from the reality yet. The recession began in Dec of '07 and then toward the end of the 2nd quarter of 08 (as Pres O became Democratic candidate of choice) it dropped off a cliff. Watch it improve when Republicans take both houses of Congress and then take off like a rocket as Obama leaves office (regardless who is the successor).
One thing that will help is that it looks like gas prices may drop below $3/gallon. If they do then, following past experience, the economy should start to come back. I know there will be nay sayers who will say that it will be a bad thing to have happen.
Having said that, the economy is in many respects much less diversified than 30 years ago at the time of the last major recession, mainly due to the collapse of manufacturing. Although it appears that some manufacturing that had been offshored is now returning.
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