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Yes, the housing crunch that took effect due to idiots like "We know these mortgages will fail" Cuomo making changes that took banks, who didn't want the changes, to court 3 times before the banks threw their hands in the air and said "We think this is stupid and will lead to bad things" are the fault of the Republican party and the big banks.
Factcheck lied, of the 8,000,000 people on the exchanges something like 6,000,000 were kicked off previous programs not to mention the cost for insurance was driven up for everyone else. Of course we can all pretend that the ACA was needed, even though Democrats for years stopped interstate insurance policies which would have allowed people to buy cheaper insurance from states that saw that insurance should just be meat and potatoes unlike states like NY which required you to buy the Filet/Lobster surf and turf with truffle sauce.
As far as insurance, anyone can cook the books with that. First the "full time" was pulled to 30+ hours. Then "employment" was considered any job. Then anyone who stopped looking wasn't counted in the numbers.
What a foolish article. Our economy is far from healthy. The nations labor participation rate is still way below that of 2007, and at historic low levels. The fed still has interest rates at a ridiculously low rate, keeping them low to encourage investment and spending. Our govt. has twice as much debt as we did when Obama took office, is still running a large annual deficit. The average family income is still $5,000 a year below 2007 levels. Home prices haven't increased in 15 years. And I just saw this one this morning. Texas has been blessed with continued high job growth. All the other states combined have a net loss of 400,000 jobs. IMHO, if it wasn't for the growth in the oil business, our economy would have stayed dead in the water for the last 6 years, yet Obama administration keeps trying to get rid of the oil business.
Yes, the housing crunch that took effect due to idiots like "We know these mortgages will fail" Cuomo making changes that took banks, who didn't want the changes, to court 3 times before the banks threw their hands in the air and said "We think this is stupid and will lead to bad things" are the fault of the Republican party and the big banks.
Factcheck lied, of the 8,000,000 people on the exchanges something like 6,000,000 were kicked off previous programs not to mention the cost for insurance was driven up for everyone else. Of course we can all pretend that the ACA was needed, even though Democrats for years stopped interstate insurance policies which would have allowed people to buy cheaper insurance from states that saw that insurance should just be meat and potatoes unlike states like NY which required you to buy the Filet/Lobster surf and turf with truffle sauce.
As far as insurance, anyone can cook the books with that. First the "full time" was pulled to 30+ hours. Then "employment" was considered any job. Then anyone who stopped looking wasn't counted in the numbers.
The problem with the Banks is once they were forced to give a small percentage of loans to low income they realized they could make a ton of money giving EVERYONE a loan.
No one forced the banks to loan out that much money. LOL...
Gallup's own unemployment numbers tend to track the BLS numbers. When the BLS was reporting 5.6% Gallup was reporting 5.8%. Gallup's own numbers are more volatile because they don't seasonally adjust, but the trend line is the same as the BLS. Perhaps Clifton should have a talk with his own analysts.
WASHINGTON, D.C. -- The U.S. Payroll to Population employment rate (P2P), as measured by Gallup, was 44.1% in January. This is statistically similar to the 44.3% measured in December, but it is the highest measurement of P2P for any January since Gallup began tracking the metric in 2010. January is typically one of the lowest months for P2P in any year.
....
U.S. employment measures show continued positive signs for the economy in January 2015. Employment growth has been stronger in the past 12 months than in any year since Gallup began tracking these metrics in January 2010. P2P was higher in January in 2015 than in any previous year, hopefully setting the stage for continued strength in the months ahead. Unadjusted unemployment rose by more than a point, but the underlying combination of more workforce participation and lower rates of part-time work that appear to drive this increase make this counterintuitively good news.
Yes, when one looks at the cold hard facts and draws rational conclusions, one becomes a True Believer. I'm not a partisan, I am just pro-prosperity. Interesting that you did not attempt to refute the raw fact that when extended unemployment benefits were cut off, employment blossomed. And you won't give credit where credit is due for this outcome, why? Because YOU are the believer who does not need facts or evidence.
I won't deny that the cut off likely encouraged some percentage of long term unemployed to again seek employment. However, part of the justification or rationale for not extending the benefits was the economy and the availability of jobs had greatly improved.
What a foolish article. Our economy is far from healthy. The nations labor participation rate is still way below that of 2007, and at historic low levels. The fed still has interest rates at a ridiculously low rate, keeping them low to encourage investment and spending. Our govt. has twice as much debt as we did when Obama took office, is still running a large annual deficit. The average family income is still $5,000 a year below 2007 levels. Home prices haven't increased in 15 years. And I just saw this one this morning. Texas has been blessed with continued high job growth. All the other states combined have a net loss of 400,000 jobs. IMHO, if it wasn't for the growth in the oil business, our economy would have stayed dead in the water for the last 6 years, yet Obama administration keeps trying to get rid of the oil business.
The national LFPR rate will not be going back to 2007 levels even if the economy was super strong.
As long as the low rates are not hurting the dollar or causing hyper inflation I don't see what the problem is? Low rates in and of themselves are not a problem.
Deep recessions like the US experienced are going to drive up the overall debt. The annual deficits have come way down from where the were in the middle of the recession.
Home prices are likely a regional thing. Where I live the prices have definitely come back. There will be areas that will not see the prices seen during the bubble years for many years.
No one is getting rid of the Oil business, but if the current prices hold for an extended period of time then Texas is likely to see some job losses and the rest of the country is likely to see some job gains.
The stock market is going up because most of the companies in the market are making profits and are expected to increase their profits.
wrong..
the stock market went up because people left the bond market due to very low return on investments, and companies are making profits due to limited competition and lowered expenses for things like employee overhead.
I always laugh my ass off at people who think a growing stock is a fantastic sign of the economy.
its like you've never heard of people like Chainsaw Al..
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