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zoocrew

Some Good News About the Economy

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Things may look bad for the U.S. economy right now, but there are a few bright spots. Gas prices are down, retail sales are up, and jobless claims aren't as bad as they were. Things are nowhere near as bad as they were in Fall of 2008, a full 3 months before Obama took office. And the bad news we've had the last few months has been revised to better numbers than we thought we had. There, now, don't you feel better?

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Not particularly. Jobless claims are not as bad because there are fewer people eligible, not because fewer people are unemployed. Retail sales are up due to school starting. But thank goodness gas prices are down!! :yahoo:

 

Things may look bad for the U.S. economy right now, but there are a few bright spots. Gas prices are down, retail sales are up, and jobless claims aren't as bad as they were. Things are nowhere near as bad as they were in Fall of 2008, a full 3 months before Obama took office. And the bad news we've had the last few months has been revised to better numbers than we thought we had. There, now, don't you feel better?

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Not particularly. Jobless claims are not as bad because there are fewer people eligible, not because fewer people are unemployed. Retail sales are up due to school starting. But thank goodness gas prices are down!! :yahoo:

 

 

 

But we are certainly better off than we were in 2008 when there was a free fall in the economy.

Edited by zoocrew
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But we are certainly better off than we were in 2008.

 

And your point being??? Why does 2008 matter so much? There's more pain being felt today then in 2008! Let me guess...blaming Bush for something are we???

Edited by ca2ga

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And your point being???

 

That we are making progress crawling out of the biggest and baddest recession since the Great Depression. That's what the numbers show. Slow but progress.

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But we are certainly better off than we were in 2008 when there was a free fall in the economy.

 

In what way???

 

Gas price Oct 27th 2008 = $2.66

Unemployment Oct 2008 = 6.5%

Jobless claims Oct 23rd 2008 = 478,000

 

The only thing you can claim is better would be the jobless claims, but how many people have stopped looking all together??

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In what way???

 

Gas price Oct 27th 2008 = $2.66

Unemployment Oct 2008 = 6.5%

Jobless claims Oct 23rd 2008 = 478,000

 

The only thing you can claim is better would be the jobless claims, but how many people have stopped looking all together??

 

Everything I'm reading says the economy is no longer in free fall and I agree with that. Unemployment, according to economists, is a backwards looking number that says how bad things were a year ago, not how bad things are now. Considering this was the worst thing since the Great Depression, it is going to take a while to crawl out. Granted I'm not economist but I read from a lot of sources and they all say we are no longer in free fall. As long as we're stable, we can work on fixing it. Free fall is scary.

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That we are making progress crawling out of the biggest and baddest recession since the Great Depression. That's what the numbers show. Slow but progress.

 

What metrics are you baseing this assumption on?

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As long as we're stable, we can work on fixing it. Free fall is scary.

 

Yea... Last week was the definition of stable...

Where are you getting your information? You might want to expand your sources because most Americans do not share your enthusiasm.

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What metrics are you baseing this assumption on?

 

We're no longer in recession and have been out of it since June 2009 and the economy started growing.

 

The DOW was at 6500 in March 2009 and is up 70% since then.

 

Read the article.

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ma

That we are making progress crawling out of the biggest and baddest recession since the Great Depression. That's what the numbers show. Slow but progress.

 

 

I don't share your optimism. First, I think that there is nothing that the Republicans won't do to see that Obama is a one-term President. That includes undermining the economy failing to act on behalf of the American People, ruining our reputation around the world, as well as ruining the good faith and credit regarding the payment of bills that we've run up. The Republicans can count on their stooges to spread their propaganda, evidenced by what you read here. There are talking points with no substance (like Obamacare/socialistic/birther/tax raisers/no budget making) and the stooges are none the wiser to the reality that the President does not make jobs. The President does not set the budget. The President did not vote on Obamacare!

 

 

There's plenty of demagoguery coming from Congress - Things like "Kicking the can down the road". Why don't we talk about "THE CAN"? The can that we would kick down the road is the misspending by the present group of scoundrels that are NOW insisting on restraint!! What a bunch of hypocrites!!

 

 

There's more than a year left until the Presidential election. Those who hijacked the political process during the budget negotiations are not done yet. Sure, we may have a short term dead-cat bounce after hitting the bottom. But those intent on seeing the President fail still have tricks that they haven't used yet.

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Sounds like propaganda to me.

 

I'm sure that both sides can use the numbers to spin it however they want it.

 

The point is that we are no longer in Free Fall like we were in the last quarter of 2008. It was awful then and it has gotten better because it was sooooo bad then. It is still bad now but nowhere near as bad as in 2008. That's all I'm saying. There are some bright spots. Things are slowly improving. It will take a long time to clean up the mess and get out of it completely. There will be plenty of set backs along the way.

 

We are getting there. Slowly. Getting there slowly.

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We're no longer in recession and have been out of it since June 2009 and the economy started growing.

 

The DOW was at 6500 in March 2009 and is up 70% since then.

 

Read the article.

 

That's what I thought,

 

So if you are looking just at the DOW then of course the things are better because the DOW is better. However on every other metric that counts....you couldn't be any more wrong.

 

The facts that matter tell a much different story.

 

http://www.youtube.com/watch?v=QZcUSAc2Hro

 

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That's what I thought,

 

So if you are looking just at the DOW then of course the things are better because the DOW is better. However on every other metric that counts....you couldn't be any more wrong.

 

The facts that matter tell a much different story.

 

http://www.youtube.com/watch?v=QZcUSAc2Hro

 

 

I didn't use JUST the DOW. That was ONE thing.

 

We are OUT of the recession since June 2009. That means we now GROWING whereas we WERE NOT growing in 2008.

 

The article said you're wrong in your statement.

 

You dismissed the fact that unemployment is a BACKWARDS LOOKING number.

Edited by zoocrew

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And the Gallup Daily tells shows people arent wearing the liberal rose colored glasses.....

 

People's perceptions are not the same as the numbers. The numbers say we are getting better. Remember that the overwhelming majority of Americans didn't support the Civil Rights legislation either.

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I didn't use JUST the DOW. That was ONE thing.

 

We are OUT of the recession since June 2009. That means we now GROWING whereas we WERE NOT growing in 2008.

 

The article said you're wrong in your statement.

 

You dismissed the fact that unemployment is a BACKWARDS LOOKING number.

 

You just keep telling yourself that. Because no one else is buying it.

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You just keep telling yourself that. Because no one else is buying it.

 

Looks like the experts agree the economy is getting better. It is not good but is better than 2008. I think I will trust the experts in this area.

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Looks like the experts agree the economy is getting better. It is not good but is better than 2008. I think I will trust the experts in this area.

 

The experts being NPR, Krugman???. wacko.gif

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Note to myself don't ever post anything POS on here...To many DEBBIE DOWNERS........................

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Note to myself don't ever post anything POS on here...To many DEBBIE DOWNERS........................

 

High five.

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Agree.

We've been reading similar reports all weekend (and we don't listed to NPR or FOX).

Numbers are better and heading up, just not as fast as a recovery as was hoped far. AND we are not in the free-for-all we just saw & led into 2008.

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Agree.

We've been reading similar reports all weekend (and we don't listed to NPR or FOX).

Numbers are better and heading up, just not as fast as a recovery as was hoped far. AND we are not in the free-for-all we just saw & led into 2008.

 

That's all I'm saying.

 

High five.

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But wait....the economy should be thriving by now and the United States and its people should be prospering. Obama promised he would make things better when he ran for President. What is taking him so long and will it ever really happen? Why is it that every single human being in the United States is not prospering and doing well economically? Obama promised he had what it takes to get the job done and you know what, not only is the job not done, we as a country are a lot worse off than when Obama took office.

 

Can't call me Debbie Downer personally - my world is good due to hard work, perserverance and effort on the part of my husband and myself - all without government handouts!!!!

 

I feel really bad for the ones that are just graduating from college and entering the work force and everyone that is suffering right now. Every human being on the face of this earth should be prospering if they are putting forth the hard work and effort; however, Obama and his administration are most certainly not helping in that effort. Thankfully, my three children graduated from college and got established in their careers prior to Obama taking office!

 

Thank God I don't rely on Obama and this administration to provide a good living for me - I would rather do it the simple, hard-working, honest way by hard work, diligence, determination and effort. I'm beginning to think that the only ones that can rely on Obama are the ones seeking the handouts.

Edited by Beach Bum
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But we are certainly better off than we were in 2008 when there was a free fall in the economy.

 

Fall of 2008... hmmm,,, Wife and I were both employed, I had a raise in 2007 even though HC and pension costs went up. The price of gas is about $3.60 / gal Fast-forward to now... wife has been unemployed for 8 months now. I have not seen a raise since 2007 even with a HC and pension plan increase each and every year since then. Gas is still about $3.60 / gal and has been that or higher for most of the last year. Staple food prices are through the roof. Now we are hearing about having to "do our part" and pay higher taxes so others still do not have to. Something that cost $100 in 2008 would now cost me $104.84 today. That on top of me not getting a raise since 2007. So basically without benefit increases I took a 5% pay decrease in my pay. I guess I should take a momment here and point out as well that not only do I have to pay that extra $4.84 but that I have to first earn it and pay taxes on it. I usually use ( an it is pretty accurate) 30% on earned wages to adjust for the loss of income to Feds, State, Fica and such. So I really have to earn an extra $6.91 for every $100 I was able to buy. That translates into more lie a 7% pay cut. Yup!! that makes me feel real good. Oh Yeah... My home's value went from $175k to $112 k.

 

http://www.usinflationcalculator.com/

 

 

Am I better off now.

 

Not just No... But HELL NO!!!

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But we are certainly better off than we were in 2008 when there was a free fall in the economy.

 

Tell that to the people whose benefits have/are running out.

 

You are seriously delusional.

 

You have certainly had too much liberal Kool-Aid.

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Next week I will be unemployed for a whole year. I would have never dream this would have happened to me. I have been working since 1987, I graduated from high school on a Friday and went to work the following Monday in downtown Atlanta. I do not see how things are getting better... I have applied everywhere, more rejections or to many people have applied for the position.

Edited by dcbrown72

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The last interview I went on, they said they had 220 resumes submitted and had the ad up for about one day. Trust me, it is no better when you're in your late 50s and worked at your last job for 15 years. Nobody wants to hire someone who 1) has worked 15 years in their entire life, 2) is over 30 and 3) expects to get paid more than minimum wage.

 

I interviewed last summer for a position. I've since seen that job come open TWICE more. I guess if you're only willing to pay $8 an hour you can expect to get someone worth that. Maybe.

 

The housing market is awful, too. I don't see that getting better in the near future. Sure houses are selling, slowly and for about half of what they sold for five years ago. Our neighbors at the end of the street bought their houses in 2006 for the most part. They have lost $130,000 in value, on average. On a $210,000 house that is HUGE!

 

Next week I will be unemployed for a whole year. I would have never dream this would have happened to me. I have been working since 1987, I graduated from high school on a Friday and went to work the following Monday in downtown Atlanta. I do not see how things are getting better... I have applied everywhere, more rejections or to many people have applied for the position.

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That we are making progress crawling out of the biggest and baddest recession since the Great Depression. That's what the numbers show. Slow but progress.

 

You know I think the world of you- you certainly have a positive disposition, but frankly, one of the reasons I stopped watching the news is because what I heard fell into sharp contrast with what I continue to see.

 

If this makes you a happy camper, then by all means....keep on truckin'!! Heck...it's hard enough to find anything that would be considered good news these days.

 

But in all honesty, the REAL DEAL is that I am still watching foreclosures continue without wavering a bit, just in my 1 mile radius. The banks own almost half the homes within my area now....and there's no signs of this slowing. People are being cracked down on and cited for silly stuff like having a yard sale!! The county is broke.....I get it!! But, allowing free enterprise to flourish, especially in this economy would benefit them far more than trying to fine everyone for small taters. People are desperate, and trying to hang on to their homes. Many are doing anything to make a buck (honestly). So, it sorta sticks in my craw when I see people trying side work to make ends meet while they continue to search for a full time job, only to be harassed because of trivial zoning codes, special permits, etc.

 

Sure, if this was something they wanted to stick with, then fine....but most are thinking outside the box and coming up with ways to pay their mortgage, and stay in this county, while searching their asses off for a fully time job. Our society needs to be cut some slack on matters like this, more now, than ever before!

 

Think about it....you could sell dope, make more money, and probably be less targeted than honest people just trying to get by....by WORKING THEIR ASSES OFF, until someone calls and says, You're Hired!!

 

Sorry...I just don't understand the reasoning behind this.

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We had amazing stability in our neighborhood for the last 10 years. Only three houses changed hands and two of those sold before they even had a sign up.

 

Now three of the four houses that are closest to the same side of the street as me are foreclosed.

 

Some schmuck puts up signs on our corner offering '$100 down' to move into one of the houses.

 

Only one new car has been bought in our entire subdivision over the last three years.

 

I won't even go into detail about the street perpendicular to ours which seems to have a never ending flow of renters and foreclosures.

 

 

I don't blame this on Obama, or Bush, or 'the bankers', or any punching bag for folks who simply don't know any better.

 

I blame no one. I just try to be a good provider and a good neighbor. That's all I can really do. The power structure in this country is far beyond the grasp of most everyday citizens.

 

It just is.

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That's all I'm saying.

 

High five.

 

 

Giving the economy back to Republicans, is where the bottom will really fall out of it. Obama was handed an economy that he knew was going to take a long time to fix. The best thing he did was pass a few bills before Republicans took over the House.

 

I know I've posted this many times, but this is what it looked like in 2007, before the bottom fell out of the economy in 2008.

 

 

 

Where is middle class working people in this 2007 pie chart? Republicans can do better with the economy :rofl: , I don't think so.

 

The middle class working people are in the bottom 28.5%; how does that add up to getting paid for being in the working middle class? Middle class is the new poverty class when Republicans are running the show.

Edited by The Postman
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There are two very good friends of mine, who doesn't even know I like them a lot.

 

former member and Butterfly Lion, are the two people who mean so much to me, and they don't even realize it. They probably don't like my attitude, but I think their attitude is great. That doesn't mean they are going to change mine, it just means that I like theirs.

 

I don't like to see them personally attacked, but their attitude allows them to protect their character without my help. Even though they have not said so, I'm sure the feeling is mutual, because they have witnessed some of my attitude that they secretly agree with.

 

I really don't know, however, because I could be wrong. It will not be he first time I have been wrong, and I am indeed wrong quiet often.

 

I don't expect a reply, because their attitude says everything to me, without any personal greeting, at all. :drinks:

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Just Today:

 

Empire index unexpectidly down 7.7; International Capital flows $3.7 Billion down from 24.2 Billion; Homebuilder Index remains at 15, with 50 being considered the lowest positive number; Lowes cuts outlook;

 

As for last week. consumer sentiment was at it's lowest point since 1980; Small Business Sentiment was at it's lowest level in a year; Pay outstripped productivity, sending the productivity numbers down due to wage inflation.

 

I'll be sure to keep you up to date on all of this "good" news. Coming later this week we have industrial production, capacity utilization, housing starts, PPI, new jobless claims, CPI, and the Philly FED.

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