Economically, Could Obama Be America's Best President?
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One war started by US, which s Iraq and then several conflicts (ie: Yemen, Pakistan, etc. though technically those countries government have agreements to let us bomb them believe it or not. And then of course the Libya intervention.)
Afghanistan War I don't blame Bush for, he had no choice considerring Bin Laden attacked us, so thus Osama started that one.
Afghanistan War I don't blame Bush for, he had no choice considerring Bin Laden attacked us, so thus Osama started that one.
20% would be a conservative number, really its 30% and as high as 60-70% in places. where I live we got a REAL # of about 40-50%
jobs have become so scarce that people who normally would have nothing to do with drugs are making meth just to make money to survive.
My city as went from being one of the biggest auto manufacturing cities to one of the meth producing cities.
jobs have become so scarce that people who normally would have nothing to do with drugs are making meth just to make money to survive.
My city as went from being one of the biggest auto manufacturing cities to one of the meth producing cities.
I'm rather shocked by the ignorance being promoted here on this issue. The unemployment number is completely useless and totally political. The ONLY stat in employment that matters is the job participation rate which is worse than in 1930s depression era. There is not a single area of positivity that ANY obama admin. policy has done to help the economy. I believe he is purposefully trying to do the opposite. If you want to build a house that is radically different than the one that exists already, you don't modify it you tear it down 1st and THEN rebuild. This is what he told us he would do and he has been a smashing success in this regard. Read how many working age Americans are out of work and presumably collecting various forms of welfare.
Economy Not Keeping Up With Population Growth | Washington Free Beacon
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I have to agree PennEd. I don't think 1_StillWaters realizes that if every American was unemployed and also disqualified from being counted in the U3 unemployment rate (the one Still Waters is using) that we would have zero unemployment on paper but yet every single American would also be unemployed.
I imagine the mainstream liberal media would then celebrate 'victory over unemployment in our time'. Ridiculous.
The Bureau of Labor Statistics announcement that unemployment has dropped from 6.7 percent in March 2014 to 6.3 percent in April 2014 was partly attributed to some 800,000 workers dropping out of the labor force last month, reducing the labor participation rate to 62.8 percent, a new low for the Obama administration.
After adjusting the BLS unemployment number to what is known as “U-6” – a measure that includes total unemployed, plus all persons marginally attached to the labor force, plus total part-time employed for economic reasons – unemployment in April was 12.3 percent.
Worse, the amount of income they earn is much lower than it was when Obama took over. This means that real income decreased over time despite the cost of goods and services increasing. Not good.
On top of that, 67% of all new job growth in the U.S. went to legal and illegal foreign born immigrants completely bypassing unemployed U.S. citizens. Furthermore, CIS was able to show that most of these foreign born workers also qualified for social services and took considerably more from social services than they paid in taxes.
Also note that what used to be good paying full time jobs are now minimum wage part-time jobs. But that counts for the U3 unemployment rate. To highlight this problem, in August 2013 the House Ways and Means Committee documented that seven out of every eight new employees under Obama have been part-time employees stating:
“The headlines citing last week’s jobs report as the lowest unemployment rate in years may have been technically accurate, but they are also reminders that looks can be deceiving,” the House Ways and Means report noted at the time.
“The reality, as you dig into the latest jobs data, reveals that few are finding the full-time work they want and need, and many are forced to accept part-time employment.”
Obama didn't notice; however, as he was busy sending more American jobs overseas and creating an ever bigger trade deficit with his three new trade agreements.
http://finance.yahoo.com/news/jobs-disproportionately-low-pay-part-160135116.html
Obama Recovery: 88% of Jobs Created in 2013 are Part-Time!
Income disparity studies tell the tale. People are growing poorer with more of them and resorting to living off government which now dominates the federal budget and is the single greatest reason presently for deficit spending.
Welfare Programs Dominate US Budget, CRS Reports
I haven't even touched the enormous national debt yet we're incurring and guess what: IT MATTERS!
I imagine the mainstream liberal media would then celebrate 'victory over unemployment in our time'. Ridiculous.
The Bureau of Labor Statistics announcement that unemployment has dropped from 6.7 percent in March 2014 to 6.3 percent in April 2014 was partly attributed to some 800,000 workers dropping out of the labor force last month, reducing the labor participation rate to 62.8 percent, a new low for the Obama administration.
After adjusting the BLS unemployment number to what is known as “U-6” – a measure that includes total unemployed, plus all persons marginally attached to the labor force, plus total part-time employed for economic reasons – unemployment in April was 12.3 percent.
Worse, the amount of income they earn is much lower than it was when Obama took over. This means that real income decreased over time despite the cost of goods and services increasing. Not good.
On top of that, 67% of all new job growth in the U.S. went to legal and illegal foreign born immigrants completely bypassing unemployed U.S. citizens. Furthermore, CIS was able to show that most of these foreign born workers also qualified for social services and took considerably more from social services than they paid in taxes.
Also note that what used to be good paying full time jobs are now minimum wage part-time jobs. But that counts for the U3 unemployment rate. To highlight this problem, in August 2013 the House Ways and Means Committee documented that seven out of every eight new employees under Obama have been part-time employees stating:
“The headlines citing last week’s jobs report as the lowest unemployment rate in years may have been technically accurate, but they are also reminders that looks can be deceiving,” the House Ways and Means report noted at the time.
“The reality, as you dig into the latest jobs data, reveals that few are finding the full-time work they want and need, and many are forced to accept part-time employment.”
Obama didn't notice; however, as he was busy sending more American jobs overseas and creating an ever bigger trade deficit with his three new trade agreements.
http://finance.yahoo.com/news/jobs-disproportionately-low-pay-part-160135116.html
Obama Recovery: 88% of Jobs Created in 2013 are Part-Time!
Income disparity studies tell the tale. People are growing poorer with more of them and resorting to living off government which now dominates the federal budget and is the single greatest reason presently for deficit spending.
Welfare Programs Dominate US Budget, CRS Reports
I haven't even touched the enormous national debt yet we're incurring and guess what: IT MATTERS!
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I have to work so have to go but note that Obama raised the national debt to about a trillion a year and then after incurring more debt faster than any nation has in the history of the world, allowed it to drop back to the unrealistically high place it was before he doubled it. I'll be happy to discuss why our present level of deficit spending and the amount of debt we've incurred and are still incurring is very bad for the future.
Interest on debt to nearly quadruple over decade - CBO - Feb. 4, 2014
Interest on debt to nearly quadruple over decade - CBO - Feb. 4, 2014
if you are a corporation or a stock broker, the years under the Obama white house have probably been record-earning years, except for his first year in office, when he inherited the imploding economy of the Bush years.
why are corporations doing so well, but still not hiring anyone? oh yeah, trickle-down is a myth.
why are corporations doing so well, but still not hiring anyone? oh yeah, trickle-down is a myth.
Heh inded trickle down is a myth. However in fairness to the corporate fatcats, I think a big reason they have been slack on hiring is Obamacare. It's kind of the biggest irony of Obama's Presidency. He wanted Obamacare so as to have a historic signature legislation. Ironically had he not done Obamacare, the employment numbers and economy probably would have recovered to Bush level at minimum and probably even exceeded Bush level due to great successes in the stock market, he would've saved over 1 trillion dollars, and he could have easily ruled over one of the biggest eras of prosperity in American history.
But unfortunately the Dems listened to Nancy when she said "pass it before you read it." And now Obama's signature policy is the millstone around the neck of his legacy.
But unfortunately the Dems listened to Nancy when she said "pass it before you read it." And now Obama's signature policy is the millstone around the neck of his legacy.
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Ok so there is no difference between an unemployment level at 80% or 1%?
There is no difference between the unemployment level around 4% when Bush left office and 10% a few months after he left?
If it's totally useless why feel good at 4% under Bush and bad at 10% under Obama?
Why look at the Reagan years when it was at 5% with fond memories, if the number is completely useless?
There is no difference between the unemployment level around 4% when Bush left office and 10% a few months after he left?
If it's totally useless why feel good at 4% under Bush and bad at 10% under Obama?
Why look at the Reagan years when it was at 5% with fond memories, if the number is completely useless?
Trickle down is actually capitalism which we KNOW works. It's suppose to work where someone works hard, uses his God-given talents, takes a risk, starts a business, employs workers, who subsequently support their families, with the person (or people) starting the business becoming wealthy, and if any of the workers want to try the same God Bless them! THAT is trickle down. It is also wealthy individuals buying goods and services that enable people to work. I have a friend who made good money building luxury yachts. A "wealth" tax was placed on the purchase of these ships. Sales plummeted and the company he worked for closed shop. Explain to him how trickle down doesn't work.
The reason for the rise in the stock market is SOLELY due to Quantitative easing 1,2,and 3. which is nothing more than the U.S. gov. printing money out of thin air and throwing it into banks. All of that WILL come home to roost, sooner, rather than later I believe, when the dollar loses it's world reserve currency status, which is already under way. Once that happens the U.S. will no longer be able to pay debts with phoney money.
The reason for the rise in the stock market is SOLELY due to Quantitative easing 1,2,and 3. which is nothing more than the U.S. gov. printing money out of thin air and throwing it into banks. All of that WILL come home to roost, sooner, rather than later I believe, when the dollar loses it's world reserve currency status, which is already under way. Once that happens the U.S. will no longer be able to pay debts with phoney money.