Published: Wednesday, July 30 2014 4:50 p.m. MDT
And since a lot of middle class America has been working with reduced wages and
lower yearly income, we all will be waiting for that pay raise.
The u-6 unemployment numbers still sit at 12%. 12% of our country is unemployed
or underemployed, looking for full time work. The jobs being created
the past two years are part time jobs. They are not going to lift the economy
out of recession.
Anyone want to bet that this glorious good news from Dear Leader will be
"revised downward" next quarter?Anyone remember all those
economic statistics leading up tot he 2012 elections that turned out to be
manipulated?You simply cannot believe anything Obama tells the
Finally, maybe we are coming out of the longest recession. Does the fact that
we are finally, hopefully seeing recovery, validate Obama's economic
policies? Or does the length of the recession speak to the poor management of
the economy under this administration?What could have been…If Obama had approved the pipeline from Canada.If Obama
hadn't raised taxes on most Americans.If Obama hadn't
increased fees and taxes via Obamacare.But we can, perhaps, begin to
feel assurance that the economy will grow again, despite Obama.
For most Americans wages are stagnant. I've had one raise since the Obama
became President and that was less than 1%. Maybe the growth went to the 1%,
the rest of the 99% is still waiting for the crumbs to trickle down or
As much as I wish this were true, It is a lie. This number is fabricated to fit
an agenda. Subprime mortgages that preceded the collapse in 2008 have been
replaced with subprime auto loans today. 35% of the population is in
collections. Many companies are planning large layoffs. You do not lay off
people in a recovering economy. BRISC is moving forward to compete w/ the IMF
which will further move the dollar from being the world reserve currency.There will be a push to start a war to lay blame for the coming collapse
on another country. We need another President like Andrew Jackson to drive a
stake through the heart of the central banks.
It is amazing the ability of some to spin anything negative. You all never fail
to deliver the same stuff. @DN Sunscriber - if Obama had the
ability to "manipulate" the numbers, wouldn't you think he would
have done so also during all those very negative months.... or is the "great
leader" just that smart that he set us up with really bad month to make the
good months look better? Good grief..... are you telling me that numbers were
not revised during other administrations either? That this is a new phenomena?
So to your question... "Anyone remember all those economic
statistics leading up tot he 2012 elections that turned out to be
manipulated?".... the answer is No. If those were manipulated numbers, then
the Obama Administration did a really poor job of doing it, because they still
weren't all that good at that point.Were the crash numbers of
07 and 08 also manipulated?
This is good news but it's about five years over due. That recession
should have lasted about a year. But, unfortunately, we had a president who had
no idea what he was doing so it has lasted much longer and been much worse.
Unemployment is still way too high and the average family income has dropped.
Still the hyperpartisan supporters of this administration refuse to see the
Can we blame Obama for this? Or should we change the subject to
So does this bode well for democrats or republicans? One has been working
around congress to get the economy moving ahead, solve immigration, help
students with loans, etc., while the other shut the government down and
continues to vote down ObamaCare to no avail to make philosophical point.One is now suing the other -- with talk of impeachment... will do
wonders for the economy?
And then we read that the market is tumbling (down over 200 points as I write
this) due to poor jobs report, among other things. So who do we believe?
Economics, like science, should try to rid itself of political influence if it
wants to be taken more seriously.
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