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Dealing with these topics is like teaching calculus to kindergartners.
Obama's administration has pulled the economy back from depression and the economy is now growing, with private sector profitable and a stock market that has almost doubled since taking off, returning it to approximately pre-collapse levels.
Yet, all you people seem capable of doing is complaining and whining. Stock markets aren't directly reflective of any one administration. They're a global speculative indicator.
Dealing with these topics is like teaching calculus to kindergartners.
Obama's administration has pulled the economy back from depression and the economy is now growing, with private sector profitable and a stock market that has almost doubled since taking off, returning it to approximately pre-collapse levels.
Yet, all you people seem capable of doing is complaining and whining. Stock markets aren't directly reflective of any one administration. They're a global speculative indicator.
I see what you mean. You do understand that the reason the private sector is profitable is because they shed millions of workers. The reason the stock market is up is because the profits of private corporations are up, not due to top line growth but due to bottom line growth because, ta da, they shed millions of jobs.
Employers are not hiring due to economic uncertainty due to Obama's policies, tax policy, health care and crushing debt specifically.
I see what you mean. You do understand that the reason the private sector is profitable is because they shed millions of workers. The reason the stock market is up is because the profits of private corporations are up, not due to top line growth but due to bottom line growth because, ta da, they shed millions of jobs.
Employers are not hiring due to economic uncertainty due to Obama's policies, tax policy, health care and crushing debt specifically.
The economic indicators are mixed, at best.
Well, when the economy collapses businesses tend to shed workers. Not sure why that's a surprise. I'd have to see proof about companies hiring or not based on your assertions before accepting or rejecting them. This issue is far more global than one nation's policies seem capable of addressing. But, perhaps. We;re clearly in recovery, though.
That's obvious to me too: except it is not possible that we are in recovery. Where do you get that flighty thought from?
Quote:
Originally Posted by Bluefly
Well, when the economy collapses businesses tend to shed workers. Not sure why that's a surprise. I'd have to see proof about companies hiring or not based on your assertions before accepting or rejecting them. This issue is far more global than one nation's policies seem capable of addressing. But, perhaps. We;re clearly in recovery, though.
Well, when the economy collapses businesses tend to shed workers. Not sure why that's a surprise. I'd have to see proof about companies hiring or not based on your assertions before accepting or rejecting them. This issue is far more global than one nation's policies seem capable of addressing. But, perhaps. We;re clearly in recovery, though.
To be frank here, I speculate that many companies (not necessarily mom and pop) have discovered how desparate the American people are for a job and ANY kind of wage. They discovered, through this recession, that they can work less people, harder, for less money and keep their business going and earning more profits.
Lets see Obama haters you want Bushy Junior stock market or this one? What what a great job by Obama. I love to hear the spin on this one. This market is rolling and jobs as usual will follow as a lagging indicator. Great Job Obama!!!
The stock market is an indicator of profits.
Less labor costs equals greater profits.
Also, don't forget about the $800 BILLION DOLLARS that were dumped into the system under the guise of "stimulus".
Don't forget about the TRILLION DOLLAR TARP that was dumped into the system to bail out bank and others.
You cannot dump $2 TRILLION DOLLARS into the system without creating some effect.
Great job barry! You managed to "invest" $2 TRILLION DOLLARS and didn't create one job.
The market is doing better because of quantitative easing. Open your eyes to government manipulation.
You want to be fancy and use quantitative easing I say hell they gave them money but whatever you say I know your porfolio or retirement account is much much much better then it was at the end of Bush. Sorry if you cant see that. Bush did a good job by starting the fancy shmancy quantitative easing.
Clinton added huge amounts to the market and that continued into the first few years of bush, then it turned South in a HUGE way. under Obama it has recovered to the point slightly above where Clinton left it.
Bush did nothing good for our economy. Market way down, millions of lost jobs, auto industry imploding along with housing, and banking... the fundamentals of our economy. His staff netted 10's of millions as the pocket books of the people evaporated.
Sorry, There is nothing to sugar coat the Bush years. He was the worse president of 44 and damaged the country more than any other.. No matter how much lipstick you put on this pig it is nonetheless a pig.
You want to be fancy and use quantitative easing I say hell they gave them money but whatever you say I know your porfolio or retirement account is much much much better then it was at the end of Bush. Sorry if you cant see that. Bush did a good job by starting the fancy shmancy quantitative easing.
It was inevitable the market would rebound. I don't think most have recovered to their pre crash status. I did have a little cash around during the crash, invested that and made a small profit. Little, small. HOWEVER who had money to invest when the market crashed? I didn't.
It was inevitable the market would rebound. I don't think most have recovered to their pre crash status. I did have a little cash around during the crash, invested that and made a small profit. Little, small. HOWEVER who had money to invest when the market crashed? I didn't.
You know what, it doesn't matter. The stock market is essentially a casino. You can make money when the market goes down, through shorting or buying other products that generally move opposite the market, like bonds or commodities.
You can make money in an bull market by going long equities.
The bottom line is the market reflects the profitability of companies. A companies profitability does not always reflect the economy. Such as in this instance. Companies are accumulating cash, not re investing in their businesses. There is $2 trillion in cash on the sidelines because companies don't know what tax policy and health care will cost them. Hiring is not happening, and inflation is now looming. We may be in a recovery, but it is one of the most anemic in history despite historic amounts of money spent and huge amount of dollars pumped out by the Fed.
Do not be deluded into thinking the economy is in good shape or will be in the near future.
If spending continues it is a lock we are headed for a double dip.
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