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The Right has been predicting an economic crash since right after Obama took office. If you listen to those fools you would have missed one of the greatest recovery in your lifetime.
The unemployment rate fell in June mostly because many of the unemployed stopped looking for work, rather than found jobs. The proportion of Americans working or looking for work fell to a 38-year low.
And average hourly pay was unchanged last month from May. Pay has risen at roughly a 2 percent annual pace since the recession ended in 2009, below the 3.5 percent typical in a healthy economy.
That sluggish wage growth is likely keeping spending from increasing as much as the healthy job growth would suggest.
When the Christmas sales numbers come in at a disturbingly low number and the stock market tanks, we'll be forced to accept that there never was a recovery, that we've been in a recession for the entire Obama presidency but were able to cover it up through articial stimulus (QE programs). I'll bump this thread when the reality is accepted.
When the Christmas sales numbers come in at a disturbingly low number and the stock market tanks, we'll be forced to accept that there never was a recovery, that we've been in a recession for the entire Obama presidency but were able to cover it up through articial (sic) stimulus (QE programs). I'll bump this thread when the reality is accepted.
The OP doesn't seem to know that QE is directed by the Fed, which doesn't take orders from the President.
Spending definitely seems down at the stores although maybe more people are buying online. Low gas prices have to be helping although wage increases and good paying jobs aren't there.
His link only states that the economy is not growing at the pace that most economist would deem "healthy". That however, is not saying that the economy is bad, which is what you and others are trying to claim.
Your free Beacon link gets its 94 million number from counting everyone over the age of 16 regardless of their ability, want or need to work.
your 94 million includes children in High school, young adults in college, interns who arent being paid,stay at home moms/dads, incarcerated individuals,disabled, and 30 million people over 70.
If you honestly want to have a discussion about what we should use as the unemployment number, thats fine, but that 94 million number is clearly not the one we should be using.
Counter to that the Obama administration changes the rules for full time employment, so our underemployment and unemployment numbers are much higher.
The best tool for this is labor participation rates which are pretty abysmal right now.
The Right has been predicting an economic crash since right after Obama took office. If you listen to those fools you would have missed one of the greatest recovery in your lifetime.
Oooooops.
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Yup. And the Fed may raise interest rates today because the economy has recovered nicely. A stock market dip is natural and expected.
And what part of 7 years straight of private sector job growth don't conservatives understand? And public jobs have been cut, why are they not happy?
Conservatives keep proving that they will sacrifice prosperity for partisanship.
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