It is easy to be disappointed with all media.dmp said:Wow - I'm pretty tuned out from the right wing media, but when I see stuff like this it blows my mind. I can't believe people tolerate this kind of fanatical ranting, but even applaud it.
The diversification of media has sure allowed the yelling idiots to have an audience.
bluebird said:I know most people here aren't fond of Obama but I have a feeling his legacy is going to be a good one.
I think Obama isbluebird said:I don't know about militarily, but economically I think Obama is a bad ass.
"In January 2009, when President Obama took office, the U.S. economy was hemorrhaging 800,000 jobs a month. The unemployment rate continued to rise during Obama’s tumultuous first year, peaking at 10 percent that October.
in fact it was a long time ago in terms of economic cycles. Most recoveries after recessions (negative GDP growth) are sharper and return to previous long term GDP growth trends. Our annual GDP growth right now is around 2% .That feels like a long time ago.
yes, the supply of workers willing to fill job openings is tightening up.. This should finally put some upward pressure on wages, that have been chronically low and stagnant for years. The slow wage growth has hurt the FEDs ability to hit inflation targets. Some economist predict that workers who dropped out of the workforce (causing the low unemployment numbers) may return to the workforce as wages rise.Today’s jobs report showed that the economy added 280,000 jobs in May, a record 63rd straight month of employment growth. The private sector has added 12.6 million jobs during that stretch, and unemployment is now 5.5 percent.
according to reality trac http://www.realtytrac.com/news/realtytrac-reports/q3-2015-u-s-underwater-home-equity-report/Meanwhile, the housing market has bounced back,
In fact the inflation rate being low is not a good thing, The central bankers fearing deflation have persisted with accommodative fiscal policy. The unprecedented 0% interbank rate for all these years is just now expected to rise from 0% (this month). Experts disagree about how the economy will react but the move has been telegraphed to the market so won't be a surprise, but many younger people never experienced high normal interest rates. My house mortgage loan was something like 14%. I expect some volatility in the economy when interest rates start rising.inflation has remained low,
This is probably a result of republican spending constraint, like the budget sequestration. Ironic to hear the democrats try to take credit for that. Don't confuse deficit (annual budget shortfall) with public debt that is $18T and still increasing.and the federal budget deficit has steadily decreased."
Not exactly my go-to source for economic news.From: Politico
http://www.politico.com/agenda/story/2015/06/history-is-going-to-say-he-saved-us-from-a-second-great-depression-000073
It is far too soon to gauge the legacy of any still living presidents. You could be right, I won't argue the hypothetical. In my judgement he won't win any points for the economy either.I know most people here aren't fond of Obama but I have a feeling his legacy is going to be a good one.
kambo said:wooooooo,
https://www.youtube.com/watch?v=mfzSlldIUHQ
Gustav said:kambo said:wooooooo,
https://www.youtube.com/watch?v=mfzSlldIUHQ
Never heard of him, but I checked two other videos on youtube, and it seems to be the way the guy talks about people he disagrees with, so not sure why its worthy of a post.
Im thinking alzheimers...
Gustav
kambo said:Gustav said:kambo said:wooooooo,
https://www.youtube.com/watch?v=mfzSlldIUHQ
Never heard of him, but I checked two other videos on youtube, and it seems to be the way the guy talks about people he disagrees with, so not sure why its worthy of a post.
Im thinking alzheimers...
Gustav
watching someone calling President of United States of America a p***y on a national TV was
interesting enough for me to post it... shall i get it removed for you
Gustav said:No need to get anything removed for me, I was merely sharing the impressions that it seems to be the way he usually talks, looking for the angle on this particular incidence, and expressing a concern for his health. I assure you, I did not intend it as a complaint about your posting.
Gustav
He was trying to be emotive for TV but used inappropriate language.Gustav said:kambo said:wooooooo,
https://www.youtube.com/watch?v=mfzSlldIUHQ
Never heard of him, but I checked two other videos on youtube, and it seems to be the way the guy talks about people he disagrees with, so not sure why its worthy of a post.
Im thinking alzheimers...
Gustav
Unless I'm ready your graphic wrong, under Bush the debt was <70% of GDP, now Under Obama it is over 100% of GDP. The last time it was over 100% was during WWII.dmp said:Here is debt as a percentage of GDP by President...
What a different place we could be in if not for the election of GW Bush.
JohnRoberts said:Unless I'm ready your graphic wrong, under Bush the debt was <70% of GDP, now Under Obama it is over 100% of GDP. The last time it was over 100% was during WWII.dmp said:Here is debt as a percentage of GDP by President...
What a different place we could be in if not for the election of GW Bush.
JR
dmp said:What a different place we could be in if not for the election of GW Bush.
JohnRoberts said:Who knows maybe I'm wrong.... I thought I was wrong once. 8)
JR
dmp said:You are making a "true" observation, but perhaps not thinking it through.
I've been thinking over under around and through our budget and national debt for years.. I have written extensively right here on the subject, The chart you posted is self explanatory, the increase in spending under the current administration is unsustainable. In fact he wanted to spend even more and was denied.dmp said:You are making a "true" observation, but perhaps not thinking it through.
The ship turned pretty damn fast when the credit/housing bubble collapsed in 2007-2008. We came way too close to complete economic system collapse and were dragged back from the precipice at the last minute (actually after letting Lehman go off the cliff first), There are still economic distortions overshadowing the economy (like 0% interbank rates) all these years later that still need to be unwound. Hopefully the interbank rate increase scheduled for this month will be a step toward restoring normalcy. The world has never experienced an economic experiment of this magnitude so keep your fingers crossed that they can unwind this grand experiment without more unintended consequences. When the tide of easy money goes out we will see who is wearing swim trunks, and who isn't.The economy is like a large ship that doesn't turn quickly. Well, it can be turned quickly by running into things - to use a metaphor. Improvement happens more slowly. How has the slope changed under Reagan, Clinton, Bush, and Obama? What policy decisions would have led to these changes in slope?
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