Market at 15K, UE down to 7.5..

[ScienceRocks]

And no credit to Obama from conservatives...

QE3, duh.

Dumbass.

But go ahead and sink a bunch of money into the market.

If you're going to sink a lot of money into the economy focus on 3 things.
1# Education
2# Science/Technology
3# infrastructure


The first two will keep our edge with the rest of the world and the last one just makes sense if you want to be a first world nation. Otherwise, I'd stop kissing the ass of idiotic ceo's of corporations that make bad choices.

 

[blackhawk]

And no credit to Obama from conservatives...

The market goes up and down no blame to Obama from liberals when it goes down for the jobs report manufacturing jobs created which drives the economy almost non existent unemployment among youth and minorities around 13 or 14 percent. Add those who have stopped looking for work into the mix and the total unemployment number is closer to 10 percent. What you have when you take the report as a whole is a mediocre report representative of a stagnant economy.

 

[ScienceRocks]

I think we must study how China, India, U.AE, and the rest of the successful high growth world is doing it. This way we can get a idea on how to regain our ranking.

 

[PredFan]

And no credit to Obama from conservatives...

But I thought we were told that an Obama presidency would destroy the economy?

It did and is still doing so. Do you actually think that an artificially propped up stock market is an indicator of economic health? If so, you don't know enough about the subject to participate in the discussion.

 

[rightwinger]

I think we must study how China, India, U.AE, and the rest of the successful high growth world is doing it. This way we can get a idea on how to regain our ranking.

Slave wages and unlimited oil?

Good model

 

[ScienceRocks]

I think we must study how China, India, U.AE, and the rest of the successful high growth world is doing it. This way we can get a idea on how to regain our ranking.

Slave wages and unlimited oil?

Good model

No money into science, technology, infrastructure, etc. Sure favorable business environment is good too.

They're going to offshore one way or the other.

 

[boedicca]

Thinking the stock market reflects the economy at large is like putting your hand to your forehead and calling it a physical. The DOW consists of 30 Mega Corporations, many of which are big government corporate cronies.

Two of the stocks are Exxon and McDonalds...which will always do well because fat poor people will always drive to McDs for junk food fixes.

Unemployment, in a proper recovery, would have been below 6% by now. UE unemployment is still 14M. The jobs that are being created are low wage part time ones.
The headline U3 figure may show improvement, but it's decline is largely due to the millions of people who have given up and are no longer included in the labor force.

 

[boedicca]

Of course, there could be something that Obama did to encourage job growth: The Sequester!

1. The Sequester goes into effect. 2.???? 3. More Jobs and More Dow!

w00t!

And this is Exactly what the Obamanoids did not want. The worst thing for them is for the Sequester to have a positive impact.

 

[Sallow]

And no credit to Obama from conservatives...

Why are Liberals celebrating Wall Street? When Republicans are at the helm, market highs are met with cries of greed, wealth disparity, and winners/losers. So why the celebration now? Be consistent.

When Republicans are at the helm they are either de-regulating and destroying New Deal policy designed to keep banks and financial institutions from engaging in the type of practices that bring down the economy..or defunding regulatory agencies that oversee financial transactions.

Conservatives consistently destroy the economy.

 

[PredFan]

I'll give obama the credit for revitalizing the gun and ammo industry.

 

[Sallow]

Of course, there could be something that Obama did to encourage job growth: The Sequester!

1. The Sequester goes into effect. 2.???? 3. More Jobs and More Dow!

w00t!

And this is Exactly what the Obamanoids did not want. The worst thing for them is for the Sequester to have a positive impact.

Except it's not. Not financially.

Politically however..it's going to be great in 2014.

 

[Sallow]

1# Cut the red tape-No more tape stopping one from starting a business.
2# Lower the corporate taxes, business taxes...Making us able to compete.
3# Put money into science, technology and educational programs centered around getting people back to work, etc.
4# Stop fucking around with the free market; use it. Obama's private space idea's are the best thing he has done. Why not spread these idea's around some more...
5# Stop bailing out money sinks that are failing because of their own idiocy. Running a business should be done at the corporate level.

Conservatives fight tooth and nail to never let any of the stuff you list, happen, Matt.

With the possible exception of number 2.

Prove it. Who is it that controls the Senate and the White House?

Prove what?

Conservatives have led a record breaking number of filibusters. They've authored the worst congressional gridlock in the history of the United States.

 

[PredFan]

Conservatives fight tooth and nail to never let any of the stuff you list, happen, Matt.

With the possible exception of number 2.

Prove it. Who is it that controls the Senate and the White House?

Prove what?

Conservatives have led a record breaking number of filibusters. They've authored the worst congressional gridlock in the history of the United States.

Good thing too.

 

[Sallow]

Thinking the stock market reflects the economy at large is like putting your hand to your forehead and calling it a physical. The DOW consists of 30 Mega Corporations, many of which are big government corporate cronies.

Two of the stocks are Exxon and McDonalds...which will always do well because fat poor people will always drive to McDs for junk food fixes.

Unemployment, in a proper recovery, would have been below 6% by now. UE unemployment is still 14M. The jobs that are being created are low wage part time ones.
The headline U3 figure may show improvement, but it's decline is largely due to the millions of people who have given up and are no longer included in the labor force.

What do you mean about a "proper" recovery?

I mean..what time period?

This ought to be good.

 

[candycorn]

And labor force participation rate drops to the lowest since 1978.. sounds like more phoney numbers in UE to brag about as more people have to leave the work force, got tired of looking, etc....

That's a myth.

I would direct you to look at those on Social Security disability and see where that has gone. It's going up; those people are not counted in the UE numbers. Obama (like his predacessors) is ignoring it.

Trends With Benefits | This American Life

What is important to remember in the short-term is that adding jobs is better than shedding jobs....the dynamic hasn't changed in the last 2 decades (at least).

However in the Macro, we're barely treading water...people who have stopped looking for work or at least some of them move from one type of government hand out (unemployment compensation) to another (social security disability) when the former runs out.

The new unemployment claims news is a better short-term indicator. There is no data on it but I would be interested in seeing how many "new" claims are for the recently employed versus people who have been on the job for more than 5 years or so. Meaning that you get re-hired by a company to do what amounts to a project and once it moves on, you get released.

 

[candycorn]

Conservatives fight tooth and nail to never let any of the stuff you list, happen, Matt.

With the possible exception of number 2.

Prove it. Who is it that controls the Senate and the White House?

Prove what?

Conservatives have led a record breaking number of filibusters. They've authored the worst congressional gridlock in the history of the United States.

Unless you have 60 in the Senate, you'e at the mercy of the minority.

 

[Sallow]

Prove it. Who is it that controls the Senate and the White House?

Prove what?

Conservatives have led a record breaking number of filibusters. They've authored the worst congressional gridlock in the history of the United States.

Good thing too.

Gotta love you guys.

You really want to see the US go down the tubes.

 

[boedicca]

Of course, there could be something that Obama did to encourage job growth: The Sequester!

1. The Sequester goes into effect. 2.???? 3. More Jobs and More Dow!

w00t!

And this is Exactly what the Obamanoids did not want. The worst thing for them is for the Sequester to have a positive impact.

Except it's not. Not financially.

Politically however..it's going to be great in 2014.

The 2014 campaign issue is going to be the Epic Failure of ObamaCare.

 

[Sallow]

Prove it. Who is it that controls the Senate and the White House?

Prove what?

Conservatives have led a record breaking number of filibusters. They've authored the worst congressional gridlock in the history of the United States.

Unless you have 60 in the Senate, you'e at the mercy of the minority.

Not really.

Back in the day..lots of horse trading was done to get things done.

This is a new thing.

 

[Sallow]

Of course, there could be something that Obama did to encourage job growth: The Sequester!

1. The Sequester goes into effect. 2.???? 3. More Jobs and More Dow!

w00t!

And this is Exactly what the Obamanoids did not want. The worst thing for them is for the Sequester to have a positive impact.

Except it's not. Not financially.

Politically however..it's going to be great in 2014.

The 2014 campaign issue is going to be the Epic Failure of ObamaCare.

I'll bookmark this one.