Has US economy bottomed out? Census suggests yes

[hawkeye2009]

Originally Posted by ThinkBeforeYouVote

Actually, one would have to be braindead to NOT see that the recovery is going quite well.

The stock market is DOUBLE what it was when Obama took office.
Housing is in full recovery mode with home prices increasing and fewer and fewer defaults.
Consumer spending is up.

So yeah, the economy is in recovery and doing a lot better than this time 4 years ago. 4 years ago today, the economy was in a free-fall with housing crashing and unemployment starting to skyrocket. I make about 50% more today than 4 years ago, my savings are TRIPLE what they were 4 years ago and my job is far more secure.

Maybe if you people spent more time getting an education and less time complaining about how Obama has ruined your life you wouldn't have such pathetic lives.

1. The stock market is up, as it is propped up by the quantitative easing from the fed

2. Real unemployment is at 11.6%- it is increasing, not decreasing. The decrease in the reported rate was due to people giving up.

3. Food stamp use is up- up to 50 million

4. incomes down 7.5%

5. personal savings down 40%

6. number of citizens living in poverty increasing

7. debt skyrocketing

8. Obamacare found to actually cost $1.8 trillion more than expected


Sure- things are great. Obama is the captain of the Titanic and all we can hope for is to abandon ship.

[Frank DeForrest]

economy is doing so well QE3 is needed lol

nevermind 1 and 2 were innefective

[cw30000]

Originally Posted by stock56

Don't you luv it the left wing media is in panic mode trying show the economy is on the mend...which is complete "BS"

Has US economy bottomed out? Census suggests yes - Yahoo! News

Well, it depends.

If you works for the government, then the recession does not apply to you.

For those working in the private sectors and your company is not in bed with the government, then yes, the recession is real.

For those who lost their jobs and still unable to find one or discourage, recession does not apply to you either. You are in depression.

[Earlyretired]

Originally Posted by hawkeye2009

1. The stock market is up, as it is propped up by the quantitative easing from the fed

2. Real unemployment is at 11.6%- it is increasing, not decreasing. The decrease in the reported rate was due to people giving up.

3. Food stamp use is up- up to 50 million

4. incomes down 7.5%

5. personal savings down 40%

6. number of citizens living in poverty increasing

7. debt skyrocketing

8. Obamacare found to actually cost $1.8 trillion more than expected


Sure- things are great. Obama is the captain of the Titanic and all we can hope for is to abandon ship.

Don't forget "Skyrocketing" energy prices, gas prices and food prices...

Taxes on every level will just keep going higher and higher too...

The markets, stocks and bonds are getting to the Bubble stage, nothing can be properly priced with all the FED manipulation...

Don't worry though everything's going great

[NewVoter]

My employer has been trying to fill 10-15 positions for the past year! we still have about 5 vacancies. My husband's employer has been trying to fill a position for about 3 months, finally found somebody they will make an offer to. His is a private business, mine is a higher ed institution, we are both in Software Development. Most Software companies are hiring around me, and have troubles finding qualified employees. But of course 1 million people apply to McDonalds.