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The economy is improving, not as much as we would like, but we have to be satisfied with some growth. Stop the political fight and accept this good news. The US is the only developed economy showing signs of improvement. The EU is still trying to recover and is even showing signs of a coming recession.
The economy is improving, not as much as we would like, but we have to be satisfied with some growth. Stop the political fight and accept this good news. The US is the only developed economy showing signs of improvement. The EU is still trying to recover and is even showing signs of a coming recession.
as the saying goes - "when the US sneezes, the rest of the world gets a cold."
housing collapse started here - and it still has impact all over the world today. as we recover, so too will other countries.
But it couldn't possibly be because of Obama, because everyone on this forum knows he has ruined the economy and it hasn't recovered since 2008.
All of this must have happened in the last 24 hours since the GOP gained control.
One of my favorite stories to tell is about Rush Limbaugh.
During the Bush years, Mr. Limbaugh (whom I was able to listen to more back then) would blame any bad economic news on Mr. Clinton, and accept, on Mr. Bush's behalf, any favorable economic news.
Then, on a sunny day in November 2008, a week or so after the presidential election, and when the economy was starting to truly tank, Rush made a surprising (to me) statement.
Rush explained that the failing economy was due to president-elect Mr. Obama. Rush stated that the economy began to fail in June 2008, when Mr. Obama was nominated (in Denver) as the Democratic presidential candidate. Rush noted that it was with that nomination that the business community began to panic due to the nomination of socialist Barack Obama. In short, Rush was claiming, by implication, that when Obama became the nominee, he was a shoo-in to be president.
Of course, Rush was forgetting his own confident predictions, even as far back as June 2008, that Senator McCain and Governor Palin would win the presidency come November. Why Rush forgot that small detail after the November results, is unknown.
Growth in the economy is still being hampered by a number of factors. Obamacare regulations and taxes are not helping, but its certainly not the only factor. IMHO, the housing bubble gave us a very good economy, but it was all on bad loans and borrowed money and the hangover is still with us. There is also the demographic changes that are resulting in more apartments and less demand for single family homes. Just not as many people getting married and setting up housekeeping as there used to be. The world economy isn't so good either.
The big fundamental change that needs to take place is that the Fed. govt. needs to take less money out of the economy, allow people to keep more of what they earn, and cut entitlement programs. We have to give people a need to get a job, and let people also keep more of what they make. We have to stop paying so many people not to work, encouraging laziness and irresponsibility. Unless that changes, nothing will change, and we'll continue to bump along with this european like economy.
Yup, the UE rate is now down to 5.8% as the economy continues its' slow but steady improvement - and I've been predicting for quite some time now that once the UE rate drops below 6% that tightening of the labor market will finally start to drive up wages for the average worker as companies begin competing for the best workers. This is good news for workers - though there IS a downside (inflation will rise).
That "wage recovery" is really the final peice of the final peice of the economic recovery that began back in 2009 when the Great Recession ended.
While the GOP will no doubt try and take credit for it, the fact is it's simply the final stage of an ongoing recovery that's been in place since 2009.
Ken
Yup, the UE rate is now down to 5.8% as the economy continues its' slow but steady improvement - and I've been predicting for quite some time now that once the UE rate drops below 6% that tightening of the labor market will finally start to drive up wages for the average worker as companies begin competing for the best workers. This is good news for workers - though there IS a downside (inflation will rise).
That "wage recovery" is really the final peice of the final peice of the economic recovery that began back in 2009 when the Great Recession ended.
While the GOP will no doubt try and take credit for it, the fact is it's simply the final stage of an ongoing recovery that's been in place since 2009.
Ken
hahaha.. you have said no such thing...
In fact everytime we Republicans have suggested that you need to increase jobs in order to increase wages, you said we were wrong.
Its why you've been the most vocal supporter of increasing minimum wage here, because you believe that somehow, creating more poverty wage jobs, will reduce poverty..
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