Tea Leaf: Economy can be looked at better or worse

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  • Pagan Salt Lake City, UT
    Dec. 22, 2011 3:15 p.m.

    Also, the economy under Obama today (less than x3 years) is 8.6%.

    *'Utah's unemployment rate drops to lowest since 2009' - By Joey Ferguson, Deseret News - 12/15/11

    'Utahs job market is strengthening as the states unemployment rate dropped to 6.4 percent in November...(sic)
    The rate is 2.2 percentage points below the national average of 8.6 percent...'

    So, that's 8.6$ under Obama FROM...
    7.7%. A difference off...0.9%. Not even 1%.

    Also, would you like to see action that factually brings HARM to the US economic recovery?

    *'Republicans bail on budget talks, blame Democrats' - By David Espo - AP - Published by DSNews - 06/23/11


    *'S&P warns it may downgrade U.S. credit rating' - By Martin Crutsinger - AP - Published by DSNews - 07/15/11

    *'Dow average plunges 513, worst drop since 2008' - By David K. Randall - AP - Published by DSNews - 08/04/11


    *House GOP REJECTS 2-month payroll tax cut By Andrew Taylor AP Published by DSNews 12/20/11


    Well, I can't say it will be pleasant.

    Due to Republican Obstruction efforts.

  • Pagan Salt Lake City, UT
    Dec. 22, 2011 3:10 p.m.

    'The Dow hit its alltime high under Bush, un-employment was at 4%.' - KDave | 8:28 a.m. Dec. 22, 2011


    When he took it over from Clinton. :)

    When Obama took office, the national unemployment rate was...7.7%.

    That's from the Bureau of Labor Statistics.

    3% difference between your claim, and the Bureau of Labor Statistics.

    The national unemployment HAS gone up to 10% maximum under Obama. That's...a 3% difference.

    Comparable, to the national unemployment rate that took place under George W. Bush from Clinton.

    About the Dow...

    *US stocks are clobbered for the 2nd straight day, with Dow losing 500 points. Investor gloom persists By Alexandra Twin CNN Money 10/07/08

    'NEW YORK - Wall Street's drubbing continued Tuesday, with a 500-point loss bringing the Dow's two-day slump to nearly 900 points...'

  • KDave Moab, UT
    Dec. 22, 2011 8:28 a.m.

    For all you Bush-blamers. The Dow hit its alltime high under Bush, un-employment was at 4%. Then in 2006 the Dems gained controll of Congress, making Bush a lame-duck. It has been down-hill ever since.

  • XXEconomist SAINT GEORGE, UT
    Dec. 22, 2011 5:58 a.m.

    If Thredgold actually ever looked at the economic data, he'd discover that most indicators (with the exception of housing) have been improving for months and months.

  • Denys Picard near montreal, QC
    Dec. 22, 2011 4:04 a.m.

    This article touches on a lot of interesting factors, let me contribute a bit more, but I will lack space.
    Headline statistics are always misleading. The 8,6% unemployment rate is pre-Christmas trickery. They just lowered participation rate as this author Jeff Thredgold pointed out 2 weeks ago. In 2007, the top 10% of income earners accounted for 50% of all consumption, in 2009 it went up to 53% and now it is probably close to 55%, this means that 90% of the population contracted its purchases over the past 4 years and this trend is not likely to change under the current banana republic policies. The housing starts of Tuesday, that carried the bull run, were thin air, because the 2 month rebound of 15% and 25% in the multi-family segment, the only one with a bit of breath, follows a 35% contraction in September, which means we still have not regained the levels of august, which already were anemic.
    As for Europe, the political leaders are playing Russian roulette, where they use the crisis to force the population to surrender all sentiment of nationalism and abandon themselves to the authority of global financiarization. Sarkozy has and continues to be very angry that his fellow citizens refused the European Constitution, and that they had to settle instead for a Treaty. The current spectacle is a war to eliminate Nationalities, unconstitutionally extend the authority of the Treaty to cover fiscal authority, and make of Europe a simple market playground for the financiers of the planet. Itâs the same war, but with different weapons, that goes on in the Middle East against Monarchic or equivalent institutions, which want to have them surrender to global financialism. The problem is that European leaders have lost control of the game...the euro is dead; leaders just suffer from self-deception for the moment.

  • Ernest T. Bass Bountiful, UT
    Dec. 21, 2011 12:56 p.m.

    Let's see. The so-called "job creators" have had all the tax breaks for about 10 years, yet the economy still tanked. Then the economy stayed down because those "job creators" didn't create any jobs, instead greed took over and they did nothing with their extra booty, other than sending jobs to Asia & India.
    So, how exactly is Obama responsible (patriot and Anon Infinity)?
    One minute repubs say the government can't create jobs, the next minute they're blaming Obama for lack of job creation. What's it going to be?
    Repubs have done nothing but obstruct progress (no surprise there). House repubs would rather destroy the economy than have four more years of Obama. How much worse can they be, to ruin a country rather than to see a moral & ethical president?

  • There You Go Again Saint George, UT
    Dec. 20, 2011 2:29 p.m.

    ...and perhaps the economy is in the tank because of Obstructionist Republicans?

    4 more years of Obstructionist Republicans?

    Great idea for a Democratic campaign t-shirt.

  • christoph Brigham City, UT
    Dec. 20, 2011 1:28 p.m.

    Stock market was at 6,500 on March 9, 2009; today it tops 12,000. Mr. Obama cut taxes on day one for 90 percent of America----if this is liberal government---I like it and want more of it.

  • DeltaFoxtrot West Valley, UT
    Dec. 20, 2011 1:07 p.m.

    Obama is destroying the economy? Then why are the unemployment numbers falling? Why is consumer spending up? Why is economic growth up? If the economy were being destroyed, as many GOPers would have us believe, those numbers would all be trending down... as they did in the final years of Dubya's second term.

    Those of you who think that the global economic crisis can be resolved in one Presidential term or even two are deluding yourselves. This mess was decades in the making, it will take decades to pull out of. The fact that things aren't getting worse is Obama's greatest triumph.

    What does the GOP want to bring to the table? No compromise and a leading candidate who is directly responsible for the elimination of thousands of private sector jobs. A candidate who said he wouldn't have bailed out Detroit, costing our economy an estimated 3 million jobs. A candidate with zero history of positive anything when it comes to economic issues.

    Obama has kept this nation afloat in the midst of the worst economic conditions since the 1930's. You may not agree with his methods, but you have to agree that the numbers have slowly inched from negative to positive.

    What has Romney done?

  • Anonymous Infinity American Fork, UT
    Dec. 20, 2011 12:42 p.m.

    The current U.S. President is destroying this country in just about every aspect one could name. There is no way the taxpayers can support the level of debt he and his minions in the democrat party have taken this country to. Statistcally the government is lying to us about the issues and the so-called "growth" the economy has produced. The rosy things that are being said are grossly overstated. Real estate and the financial markets are simply being manipulated by the big players, constantly taking the growth out of the stock market, making it a mockery for the normal investor.

  • patriot Cedar Hills, UT
    Dec. 20, 2011 12:24 p.m.

    ...and perhaps the economy is in the tank because of Barack Hussin Obama? How many people out there would want Obama as CEO of their corporation? NOBODY!! The man is a total bust as far as economics goes. 4 more years of this??? (Great idea for a 2012 GOP campaign t-shirt).