Comments about ‘Reasons to be happy about the economy’

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Published: Friday, March 8 2013 3:20 p.m. MST

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Henry Drummond
San Jose, CA

We're down to 7.7% unemployment having added some 236,000 jobs in February. If we can keep that pace we'll be around 6.8 - 6.9 % this year. Let's hope Congress fixes the budget issues so we don't start losing jobs after all this work.

Tyler D
Meridian, ID

How can there possibly be any good economic news with Che Guevara, uh... I mean, Obama still in office?

Ouch... the cognitive dissonance just shook loose one of my fillings.

TeaPublican
Houston, TX

I just don't understand how this can be happening! All of us know that obama is the worst President ever and that his economic policies are just destroying America. So why is the U.S. Dow Jones Industrial Index breaking its all-time record and world stocks are going higher and higher…and income is on the rise? What the heck is going on here? We TeaPublicans think there is some kind of conspiracy going on here and I sure hope FoxNews gets to the bottom of it! Somebody has got to be held responsible for trying to make that guy obama look good…when we all know he isn’t! Well this so called “good news” will be short lived. When our TeaPublican sequester cuts hit we will see higher unemployment and a drop in income. If we TeaPublicans can keep it like that it will sure be a lot easier for us to defeat democrats in 2014 and 2016!

Max
Charlotte, NC

The fact remains that the primary reason the unemployment rate has been falling is that discouraged workers keep dropping out of the labor force (i.e. they stop looking for work). As far as the unemployment rate goes, the discouraged worker has been Obama's best friend. He never would have gotten reelected if they had stayed in the labor force. If the labor force participation rate had remained constant (it is now at about a 30 year low), unemployment would be over 11% right now. Try getting reelected with those numbers! So, if you are an Obama fan, thank a discouraged worker.

Mark from Montana
Aurora, CO

Why am I grump?

1. In the past three years I lost my business, with all my equipment being auctioned off by the bank.
2. I was laid off from the job I was able to eventually get and spent 6 months without a pay check.
3. Cobra on my wife will run out in two months, so none of us will have health insurance, but it doesn't really matter since we cannot afford the cost anyway.
4. My new job does not offer health insurance, and I make about 35% of what I was making before, which means that I cannot pay all my bills each month.
5. Virtually all the money we had saved over 30 years for retirement is gone, so the could raise the SS retirement age to 75 and it would not impact me. I will work until the day I die.
6. The leaders of our country, from all parties, care nothing about the country or its citizens.

No, I am not optimistic about the future, about the present or life in general. I see little to be happy about, little to find hope in and no reason to think anything will change.

Wayne Rout
El Paso, TX

Only the media, college teachers, students and government employees would believe these things. Housing is rebounding slightly only because of the glut of cheap houses and the artificial Obama interest rates. Real market interest rates would stop housing in it's tracks. The stock market seems to be rising but it is a function of inflation and lack of investment alternativesem. Real unemployment, measured as it was done in the past would be over 20%. Disposable income as a percent of earnings has not been lower since the Depression. Government debt is out of control and getting worse because wild out of control spending is destroying the country. This nation is almost bankrupt. There is no reason to be optomistic.

SoUtBoy25
Cedar City, UT

The stock market it up simply due to the fact that it has been sipping fed-roids the past four years. Housing is up because the fed is pushing rates to all time lows. The real question is what will happen when the economy goes through fed rehab.

TOO
Sanpete, UT

Is today April Fools? The title of this article is quite amusing.

lost in DC
West Jordan, UT

John Cassidy at The New Yorker agrees. "Four years after the nadir of the Great Depression...

John - the Great Depression was in the 1930s.

Henry,
unemployment is still higher than at any time during the Bush administration. And of course, many of those replacement jobs folks have found pay MUCH less than they jobs the lost when the barney frank-induced housing bubble collapsed. And the participation rate is dropping again as well.

TeaPublican,
we know by your moniker that you are here just to blast those with whom you disagree. but
dollars are worth less now than they were 4 years ago. It is NOT that stocks are actually worth more, or that corporate profits are higher in real dollar terms, it just takes more of today's devalued BObucks to get the same value as 4 years ago.

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