The economy will continue to go up, up, up; many economists see a 16,000 Dow
Jones next year and then maybe a 20,000 Dow Jones by the end of the decade.
Irony will be however, that the President, will not get the credit for
this--America gets bored with 2nd terms, and will start talking of the future
and the next presidential cycle. The media builds up politicians into
superheroes, then tears them down. That is also a cycle. The great challenge
in the next 20 years won't be poverty, it will be wealth.
For all you cheerleaders, Bushs' average rate was around 4.8% for most of
his presidency. And that included a much worse take off than Obama had to deal
with. Remember, Sept. 11, 2001? And all you Obamaites must not forget that
your talking point up to now is supposed to be "The New Norm". Miss
Bush yet? I do.
A lot of the folks who have left the workforce had jobs that paid a lot more
than the replacement jobs we're seeing in this recovery.Stepping away from the perpetual GOP-vs-Democrat, pro- and anti- Obama back
and forth punches thrown, what we're seeing is a gradual reduction in
Americans' expectations of standard of living, as younger people take the
jobs that are available, and ratchet down their expectations of salary and a
well-paying career, and where the folks who've dropped out of the workforce
have determined they can make it without working, probably eating away at 401K
programs, unemployment insurance, or whatever they can get to make it by.I would imagine we'll see stagnation (at best) or gradual decline
of the median household income, as globalization and technology deplacement take
their toll.This has nothing to do with who is president, by the way.
It would have been exactly the same if Romney was elected.
Maverick,we will ask why it took BO EIGHT YEARS when it should have only
taken 8 months.BTW, is 49% a majority yet?
Now before you liberals start giving each other high fives, look at the labor
participation rate. We are now at a labor participation rate of 63.3% (BLS
data), the last time we saw a rate that low was in 1979. The US labor
participation rate is a great concern because people are no longer bothering to
look for work.Who do you think has to pay for all of those people
who are no longer working? Where do we get the tax money that they used to
Go Obama!What will repubs do in 2016 when the economy has finally
recovered? What will repubs lean on then?
They don't mention anything about the agricultural jobs in this report
which increases employment this time of year. He is still campaigning on the
below 8 percent and skews the information process, even though data is there
that shows the opposite. Hillary's man knew how to spin data for his
processes, except for knowing what the definition of "is" is. Politics and numbers win elections without integrity. The leader in
Bangladesh stating that the building collapse isn't significant. Tell that
to the 500 plus who have died, some who can't be identified. Are we
becoming like other countries or are they becoming like us. Integrity
doesn't seem to be part of politics. The BLS has been pretty valid with
statistics over the years. However, our President keeps on telling the world we
aren't as good as some believe we have been for 200 plus years. We used to
be an ensign to the nations and leadership or lack thereof has not helped us in
50 years. Congress doesn't hold the President's feet to the fire,
they allowed him to dictate how they should vote on Obamacare. Many Democrats
are afraid to do that again.
Its all getting good, unless all bad works for your political agenda. Gold to
1000 soon. Doom and gloomers better watch out for gold. People that buy out of
fear, sell out of fear.
One Vote,The labor participation rate is at a 30 year low. Sure the UE
rate will go down if people leave the workforce or their UE benefits run out and
they stop looking for work. Is it Obama's fault? not really, but he
paints the picture that everything is fine and people keep buying into it. The
US has not even begun to recoup the job losses that occurred in the
recession(not even adding enough jobs to keep up with people entering the
workforce). We have just been skipping a long the bottom with this new normal
economy. The Economy needs roughly 200K new jobs every month just to keep up
with people hitting the working age and entering the workforce. Keep up with
the conjecture and scare tactics though.
The President's policies have succeeded. This creates the great irony where
the conservative free market advocates must admit that there hope of a ruined
economy was purely political sour grapes and all they wanted was power, not the
best interest of the country.