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I dare you to point out where. I've posted what you said, showed just how wrong you are. Did you get a load of those other "indicators" you said were all doing perfectly fine? That jobless claim number is sure going in the right direction, isn't it?
Meanwhile, anyone reading through this thread sees where the ownage, as usual is, ALL through the thread.
I just have to ask; Jobless claims rising 51,000 this week is a good thing?
Gas closing in on $3.50/gallon a good thing?
The housing "news" a good thing?
Or didn't you know about any of this stuff?
Can you address any of these "positive" indicators you're so excited about?
Wow. Sometimes I think you actually believe what you write. I don't know how much more clearly i can explain than to reiterate that the reason Arizona and Nevada have such high unemployment rates is because they had far more economic activity based on construction to begin with. Not really anything to do with liberal or conservative. Just the economy.
Are you actually trying to suggest the economy is going down based on the fluctuations of various weeks? Come on. This is economics 101 for college freshmen. Even you must be aware enough to know that unemployment is the last to drop and that economic recoveries are not straight lines.
Just look at consumer spending, profits, and, yes, the slowly declining jobless claims to find that and overwhelming majority of economists (9 out of 10) disagree with your highly partisan, opportunistic conclusion.
Wow. Sometimes I think you actually believe what you write. I don't know how much more clearly i can explain than to reiterate that the reason Arizona and Nevada have such high unemployment rates is because they had far more economic activity based on construction to begin with. Not really anything to do with liberal or conservative. Just the economy.
Are you actually trying to suggest the economy is going down based on the fluctuations of various weeks? Come on. This is economics 101 for college freshmen. Even you must be aware enough to know that unemployment is the last to drop and that economic recoveries are not straight lines.
Just look at consumer spending, profits, and, yes, the slowly declining jobless claims to find that and overwhelming majority of economists (9 out of 10) disagree with your highly partisan, opportunistic conclusion.
Slowly declining? Back up to 450,000+?
9 out of 10.......of 46 surveyed. To you that is an "overwhelming" majority?
YOU said those states with the lowest UE rate have no economies to speak of - clearly you are wrong.
You also said "other" indicators are all just peachy keen. Which ones? Housing? Setting records for the worst in 50 years?
Name these "other" indicators that are all positive (your claim).
A dozen men at the factory my Father retired from who both have more then 30 years in just got laid off for the first time in their life recently.
Not one of them have ever been laid off in their entire lives.
They are too young by age to retire and have spent their entire lives doing one job.
Sad to see this country falling apart after we handed Obama 800 BILLION DOLLARS to make things better only to see thing rapidly falling apart on his watch.
But we will soon hear how he saved us millions of jobs.
AGAIN - do you have any concept of the rollercoaster that is any economic recovery? Do you have any idea about weather / seasonality / etc... affecting those numbers? No doubt you were this critical of President Reagan's economic recovery...
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9 out of 10.......of 46 surveyed. To you that is an "overwhelming" majority?
You would be hard pressed to find any economist that doesn't recognize our economy is VASTLY better than it was in 2009 and on the rise.
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YOU said those states with the lowest UE rate have no economies to speak of - clearly you are wrong.
No. I'm not wrong. I've lived in areas like that and the evidence is all there for you to study. When there aren't many jobs to lose, the unemployment rate stays low because there just aren't that many people to lose jobs. I can't fathom how you're missing that point, yet still ignoring the high unemployment rates throughout your southern bastion of conservatism. To link those figures entirely to a political ideology is flat out wrong.
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Name these "other" indicators that are all positive (your claim).
You really need to stay more informed on current events if you're going to hold these firm opinions:
Leading Indicators Rise, Pointing To Stronger Growth : NPR (http://www.npr.org/2011/01/20/133083073/leading-indicators-rise-pointing-to-stronger-growth?ft=1&f=1003 - broken link)
and another one:
The most important news and commentary to read right now. - The Slatest - Slate Magazine (http://slatest.slate.com/id/2283087/entry/3/ - broken link)
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Americans are finally opening their wallets again. With consumers spending more during the holiday season and businesses letting their inventories dwindle, economic growth picked up in the final quarter of 2010, according to new data released Friday. The gross domestic product grew by 3.2 percent, putting the nation's "total output of goods and services" at its highest level since before the Great Recession.
It's okay to admit when you're wrong. I've got a big hug with your name written all over it!
You do realize that the economy Reagan adopted was like a sandbox compared to what Obama adopted, right? We were, literally, on the brink of 1930s, not 1970s. Reagan had a struggling economy through the first 3 years of his presidency. After sweeping into power in 1980, Republicans were quickly swept back out in a midterm that saw massive gains for Democrats.
Sound familiar? Give it time. The economy's recovering faster than any experts had anticipated,
You're right.
Even, the events leading up to the "crash" were the same..
Same bankers,... same scam... same reasons that made it able to happen.
People seem to forget that we emerged from the last major recession with 18 months of 7-9% GDP growth, and 40 months overall above average. Compare that to the 3.2% reported yesterday, and the average of 2.9% since the recession ended (3% is average during a healthy economy). Nor the fact that we emerged with nearly 4 million jobs in the first year of recovery alone, this was 3 decades ago. We managed less than a quarter of that amount in 2010.
All indicators point to the weakest and slowest recovery on record, and a jobless one at that. The catalysts for recovery are there, corporate profits, consumer savings, slightly increased earnings, etc., yet people are simply not putting their money into the economy.
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