Economy is doing far better, but we don't know it

[edthecynic]

Obama's legacy:

More debt than all his predecessors combine... 95,000,000 unemployed....

Which will increase monthly while Trump is in office and his train wreck of economic policy wreaks havoc on American workers.

and if it doesnt and he does pretty good?......will you be here saying so jake?....just asking....

No matter how "good" Tramp does the 95 million will increase by millions.

You know this because....

Intelligence guided by experience, and Boomers retiring, which the Right will suddenly acknowledge as the number passes 100 million under Tramp.
Don't doubt me!

 

[leftwinger]

No matter how "good" Tramp does the 95 million will increase by millions.

I would hope not. The number of 50-60 year old males not working now is staggering. The end of work-life age should be increasing,,,,,,,,,not decreasing.

 

[Soggy in NOLA]

Obama's legacy:

More debt than all his predecessors combine... 95,000,000 unemployed....

Which will increase monthly while Trump is in office and his train wreck of economic policy wreaks havoc on American workers.

and if it doesnt and he does pretty good?......will you be here saying so jake?....just asking....

No matter how "good" Tramp does the 95 million will increase by millions.

You know this because....

Intelligence guided by experience, and Boomers retiring, which the Right will suddenly acknowledge as the number passes 100 million under Tramp.
Don't doubt me!

Yeah, OK.

 

[Pete7469]

LOL how are you still alive?

My question is WHY?

The greatest accomplishment he could ever make would be naturally decomposing and fertilizing the earth in a ditch somewhere. Otherwise he is a complete oxygen thief.

 

[edthecynic]

I think the FED lost $33B on GM stock sale?

You think wrong as usual. The final calculation of the loss was $11.2 billion, so you have tripled it!!!

 

[TNHarley]

LOL how are you still alive?

My question is WHY?

The greatest accomplishment he could ever make would be naturally decomposing and fertilizing the earth in a ditch somewhere. Otherwise he is a complete oxygen thief.

as long as it aint the ditch my weed grows in

 

[edthecynic]

Which will increase monthly while Trump is in office and his train wreck of economic policy wreaks havoc on American workers.

and if it doesnt and he does pretty good?......will you be here saying so jake?....just asking....

No matter how "good" Tramp does the 95 million will increase by millions.

You know this because....

Intelligence guided by experience, and Boomers retiring, which the Right will suddenly acknowledge as the number passes 100 million under Tramp.
Don't doubt me!

Yeah, OK.

I'm willing to warranty my claim, will you warranty your's???

 

[leftwinger]

I think the FED lost $33B on GM stock sale?

You think wrong as usual. The final calculation of the loss was $11.2 billion, so you have tripled it!!!

I stand corrected. According to: Treasury closes the book on GM bailout with final stock sale

"Treasury Secretary Jack Lew announced the final stock sale late Monday afternoon, saying that Treasury ultimately recouped $39 billion through the sale of shares, dividends and loan repayments since 2009. But the government pumped $49.5 billion into GM to help it get through a bankruptcy reorganization.


Treasury lost an estimated $1.3 billion in its bailout of Chrysler Group."

 

[edthecynic]

Obama's legacy:

More debt than all his predecessors combine... 95,000,000 unemployed....

Which will increase monthly while Trump is in office and his train wreck of economic policy wreaks havoc on American workers.

and if it doesnt and he does pretty good?......will you be here saying so jake?....just asking....

No matter how "good" Tramp does the 95 million will increase by millions.

same question to you ed.....if it doesnt,will you be here saying you were wrong?....once again,just asking....

In a heartbeat!

 

[toomuchtime_]

I think some of you folks have either short term memory problems or selective memory. But the economy was in really bad shape in 2009 when Obama was sworn in. Auto industry was about to go bust and unemployment rate was almost 10%.

Obama saved the auto industry and unemployment rate is now down to 4.5% and 10 million jobs have been created. Obama did a lot of things wrong during his presidency but the economy wasn't one of them.

You are misinformed. When Obama took office in Jan. 2009, the unemployment rate was 7.6%. Under the Obama administration it rose steadily to 9% by Jan. 2011, to 10% by Dec. 2009, and then began to decline, but each month when the unemployment rate is announced it is with the caveat that part of the decline is due to people who have become so discouraged they have stopped looking for work for at least four weeks.

So how serious is the decline in the labor force participation rate? According to the Bureau of Labor Statistic, there has been steady decline in the labor force participation rate under Obama.

http://data.bls.gov/pdq/SurveyOutputServlet

How great is the effect of this decline on the unemployment rate? According to BLS:

"Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force" is 9.6%.

"Persons marginally attached to the labor force are those who currently are neither working nor looking for work but indicate that they want and are available for a job and have looked for work sometime in the past 12 months. Discouraged workers, a subset of the marginally attached, have given a job-market related reason for not currently looking for work. Persons employed part time for economic reasons are those who want and are available for full-time work but have had to settle for a part-time schedule. Updated population controls are introduced annually with the release of January data."

http://www.bls.gov/news.release/pdf/empsit.pdf

Clearly, these are not statistics from a healthy economy, and reports that quote only the official unemployment to claim it is a healthy economy, are clear examples of fake news.

 

[Wry Catcher]

I think some of you folks have either short term memory problems or selective memory. But the economy was in really bad shape in 2009 when Obama was sworn in. Auto industry was about to go bust and unemployment rate was almost 10%.

Obama saved the auto industry and unemployment rate is now down to 4.5% and 10 million jobs have been created. Obama did a lot of things wrong during his presidency but the economy wasn't one of them.

It was more about paying back the UAW for voting for him.

They used that money to straighten out their mismanaged pension fund.

Douchebag used our tax dollars to do it. We still don't have our money back.

The auto industry, GMC and Chrysler still went bankrupt which they could have done without our tax dollars.

Fed tax money should never be used to bail out any company.

Too bad your thinking, excuse the use of the term in your case, is flawed. If GM and Chrysler went out of business we would have experienced a greater economic collapse than we did.

They wouldn't have gone out of business. That's what bankruptcy is for. You reorganize and reopen. Our tax money should have never been given to any company.

Hell. They used that money for their pension fund and filed for bankruptcy anyway.

Not all bankruptcies reorganize and reopen.

 

[bendog]

I think some of you folks have either short term memory problems or selective memory. But the economy was in really bad shape in 2009 when Obama was sworn in. Auto industry was about to go bust and unemployment rate was almost 10%.

Obama saved the auto industry and unemployment rate is now down to 4.5% and 10 million jobs have been created. Obama did a lot of things wrong during his presidency but the economy wasn't one of them.

It was more about paying back the UAW for voting for him.

They used that money to straighten out their mismanaged pension fund.

Douchebag used our tax dollars to do it. We still don't have our money back.

The auto industry, GMC and Chrysler still went bankrupt which they could have done without our tax dollars.

Fed tax money should never be used to bail out any company.

Too bad your thinking, excuse the use of the term in your case, is flawed. If GM and Chrysler went out of business we would have experienced a greater economic collapse than we did.

They wouldn't have gone out of business. That's what bankruptcy is for. You reorganize and reopen. Our tax money should have never been given to any company.

Hell. They used that money for their pension fund and filed for bankruptcy anyway.

Not all bankruptcies reorganize and reopen.

The problem was no one wanted to "reopen" them. Nobody was selling cars. That was the problem. The economy was edging on deflation. That's when if GM makes a car and it costs them 20K, people won't buy it, so they try to sell at 19999. The fed was talking about lending money at negative interest, i.e. paying people to borrow.

 

[Claudette]

I think some of you folks have either short term memory problems or selective memory. But the economy was in really bad shape in 2009 when Obama was sworn in. Auto industry was about to go bust and unemployment rate was almost 10%.

Obama saved the auto industry and unemployment rate is now down to 4.5% and 10 million jobs have been created. Obama did a lot of things wrong during his presidency but the economy wasn't one of them.

It was more about paying back the UAW for voting for him.

They used that money to straighten out their mismanaged pension fund.

Douchebag used our tax dollars to do it. We still don't have our money back.

The auto industry, GMC and Chrysler still went bankrupt which they could have done without our tax dollars.

Fed tax money should never be used to bail out any company.

Too bad your thinking, excuse the use of the term in your case, is flawed. If GM and Chrysler went out of business we would have experienced a greater economic collapse than we did.

They wouldn't have gone out of business. That's what bankruptcy is for. You reorganize and reopen. Our tax money should have never been given to any company.

Hell. They used that money for their pension fund and filed for bankruptcy anyway.

Not all bankruptcies reorganize and reopen.

Most do and you can bet both GM and Chrysler would have.

 

[bendog]

I think some of you folks have either short term memory problems or selective memory. But the economy was in really bad shape in 2009 when Obama was sworn in. Auto industry was about to go bust and unemployment rate was almost 10%.

Obama saved the auto industry and unemployment rate is now down to 4.5% and 10 million jobs have been created. Obama did a lot of things wrong during his presidency but the economy wasn't one of them.

It was more about paying back the UAW for voting for him.

They used that money to straighten out their mismanaged pension fund.

Douchebag used our tax dollars to do it. We still don't have our money back.

The auto industry, GMC and Chrysler still went bankrupt which they could have done without our tax dollars.

Fed tax money should never be used to bail out any company.

Too bad your thinking, excuse the use of the term in your case, is flawed. If GM and Chrysler went out of business we would have experienced a greater economic collapse than we did.

They wouldn't have gone out of business. That's what bankruptcy is for. You reorganize and reopen. Our tax money should have never been given to any company.

Hell. They used that money for their pension fund and filed for bankruptcy anyway.

Not all bankruptcies reorganize and reopen.

Most do and you can bet both GM and Chrysler would have.

There were buyers for GM trucks and the Caddy and Corvette brand names. Chrysler? Get ouuta here. LOL They are "jeep."

 

[JakeStarkey]

"The number of 50-60 year old males not working now is staggering" is a staggeringly, stupid comment by Old Yeller.

The coming train wreck of the Trump economy will have that number over 100 million by the end of next year.

 

[Harry Dresden]

Obama's legacy:

More debt than all his predecessors combine... 95,000,000 unemployed....

Which will increase monthly while Trump is in office and his train wreck of economic policy wreaks havoc on American workers.

and if it doesnt and he does pretty good?......will you be here saying so jake?....just asking....

No matter how "good" Tramp does the 95 million will increase by millions.

same question to you ed.....if it doesnt,will you be here saying you were wrong?....once again,just asking....

In a heartbeat!

good for you ed.....you at least answered....many in this forum who have predicted gloom and doom from trump,just ignored that question or gave me the dance....still waiting on Jakes reply....

 

[edthecynic]

each month when the unemployment rate is announced it is with the caveat that part of the decline is due to people who have become so discouraged they have stopped looking for work for at least four weeks.

A caveat from GOP hate radio fake news, you mean. At its peak, discouraged workers was 1.2 million and for the most part that number declined to its present number of 591 thousand as the UE rate declined.

 

[GaryDog]

Obama's legacy:

More debt than all his predecessors combine... 95,000,000 unemployed....

That's a bullshit number. Stop reading fake news.

 

[GaryDog]

Obama's legacy:

More debt than all his predecessors combine... 95,000,000 unemployed....

Which will increase monthly while Trump is in office and his train wreck of economic policy wreaks havoc on American workers.

How? Be specific...





.

He has proposed massive spending increases for the military, a trillion-dollar infrastructure stimulus, and tax cuts.


It doesn't take a mathematician....

 

[toomuchtime_]

each month when the unemployment rate is announced it is with the caveat that part of the decline is due to people who have become so discouraged they have stopped looking for work for at least four weeks.

A caveat from GOP hate radio fake news, you mean. At its peak, discouraged workers was 1.2 million and for the most part that number declined to its present number of 591 thousand as the UE rate declined.

You need to take something for that paranoia. All sources attach that caveat to unemployment reports. It is true the American economy has partially recovered from the financial crisis and recession, despite the fact there were no discernible efforts from the Obama administration to help it recover. Historians will call this chapter in American history, America's Triumph over the Failed Obama Administration.