Where is the US economy headed?

@hawkeye10,

Well Hawkeye the experts seems to feel that the one time you do not reduce government spending is when the economic is in trouble and their actions in the past trigger a near repeat of the 1929 era thank to them reducing government oversight of the finance markets.

An if they had been able to interfere to the degree they had wish to interfere with the measures needed to keep the economic afloat we would had been in the 1930s thank to them.

2 Replies

@BillRM,

You're not making any sense. Try to communicate in proper English.

2 Replies

@cicerone imposter,

It is the economy Bill's talking about.

0 Replies

@hawkeye10,

Been watching Fox brainwashing news again Hawk?

1 Reply

@cicerone imposter,

How about this English?

The damn GOP fucked up the economic in the same manner that they did in the 1920s by reducing government oversight and after doing so they went against the opinions of experts and try to stop the pumping in of cash to prevent the complete melt down to the 1930s level.

They are still trying to take money out of circulation by reducing taxes on the top end and stopping the government pumping funds into the lower end where it would be spend in a rapid manner and therefore support the economic and at the same damn time that business alone are sitting on over a trillion dollars of cash!!!!!

So asshole is that English good enough for you?

1 Reply

@BillRM,

Naw; you ruined it with your last sentence. Mr. Green

0 Replies

@RABEL222,

RABEL222 wrote:

Been watching Fox brainwashing news again Hawk?

I realize that it is expecting too much from you to concentrate on reality over the identity of the speakers. but no, I do not watch Fox or look at their website.

0 Replies

@BillRM,

pump priming and bubble making long ago became routine diet rather than medicine. look at how many times the fed has tried to disconnect the jumper cables only to put them back. we are now six years into the crisis, this is not a blip that will be recovered from, this is the global economic system circling the drain. the sooner we kill it and invent something that works the better off we will be.

2 Replies

@hawkeye10,

The great depression took the gearing up to world war 2 and the war itself and the pumping of incredible funds into the economic to get us out of that situation.

It took far longer then what had been happening to date now that for sure.

0 Replies

@hawkeye10,

I don't think it is circling the drain hawk and inventing something better requires we know what it is and who it is better for.

1 Reply

@spendius,

spendius wrote:

I don't think it is circling the drain hawk and inventing something better requires we know what it is and who it is better for.

we need transparency, fairness, and institutions in which we can trust...right now we are zero for three.

1 Reply

@hawkeye10,

You wrote,

Quote:

we need transparency, fairness, and institutions in which we can trust...right now we are zero for three.

You're only stating the obvious that most people are aware of - and living under "these" conditions. Not much we can do about it, is there? "We" are the people voting these people as our representatives in government.

0 Replies

U.S. economy created 162k jobs in July, unemployment rate dips

Quote:

After a few relatively good jobs reports in the late spring and early summer, there was growing optimism that the job market had found its footing. It makes today's underwhelming report from the Bureau of Labor Statistics that much more disappointing.

The U.S. economy added 162,000 jobs in July, below expectations. In a rare sight, public-sector layoffs were not a drag on the overall totals -- the private sector added 161,000 jobs, while the public sector added 1,000 jobs. (In recent years, the public sector ordinarily sheds several thousand jobs per month). The overall unemployment rate dropped to 7.4%, but largely because of people leaving the workforce.

Even more discouraging were the revisions from the previous two months -- May's totals were revised down from 195,000 to 176,000, while June's totals were revised down from 195,000 to 188,000. Combined, that's 26,000 jobs we thought were created, but weren't.

Looking at the report in the larger context, what we see over the last year or so is a job market that's effectively just staying the same -- it's not getting better, but it's not getting worse. We're steadily adding jobs every month at rates above population growth, but we're seeing neither a hiring boom nor a deteriorating employment landscape. It's just ... leveled off.

If our political process were sane, lawmakers would be looking for ways to give the job market a boost in order to strengthen a larger economic recovery. Alas, that's not going to happen -- Republican leaders remain committed to sequestration cuts that are holding back job creation on purpose, and are focused primarily on spending bills that punish those already struggling.

All told, so far in calendar year 2013, the economy has added 1.34 jobs overall, and 1.37 million in the private sector.

0 Replies

Instead of cutting food stamps from poor folks and people out of a job to help the economy, why not close Gitmo which is costing $2.7 annually per inmate?

Most expensive prison ever

1 Reply

@revelette,

There are many solutions our government can take advantage of, but it's broken because the GOP wants Obama to fail. Our national debt is being reduced, but the GOP wants to gut everything during Obama's presidency. Most of the accumulated debt was created by the GOP.

They're useless, but not much we can do when the conservatives continue to reelect reps who are trying to destroy this country and its people.

2 Replies

@cicerone imposter,

and when dems stop electing guys who constantly push to get the government more power but who care not a fig about good governance.

1 Reply

the lack of job creation in general and the tilting of the job market towards part time employment should erase any doubts about the ill health of the economic system.

0 Replies

@hawkeye10,

You just don't know your history; GW Bush started two wars on lies, doubled our deficit, and authorized torture.

2 Replies

@cicerone imposter,

Quote:

GW Bush started two wars on lies,

Two wars on lies? I will give you one war on lies but not two wars on lies by President Bush.

1 Reply

@BillRM,

You flunked history a long time ago.

http://whatreallyhappened.com/WRHARTICLES/fivelies.html

2 Replies

Where is the US economy headed?

Related Topics

Quick Links

My Account

able2know