Where is the US economy headed?

@mysteryman,

The flippancy of your remark ignores the fact that they have been stagnant for three decades. There has been a great deal of discussion by talking heads in the media about this. One even blamed the use of credit cards on the fact that real wages have flatlined, so to speak.

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Foreclosures in Atlanta jumped 15% over last month... Obamanomics and Stimulus Spending are making matters worse.

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@plainoldme,

I dont ignore that fact, nor do I deny it.

However, since the unemployment rate has jumped to almost 10% under Obama, it is a valid question.

How has what he has done so far increased wages or buying power for the average American?

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@mysteryman,

I haven't noticed any positve changes in the job market or economy since obama came in.
BUT
I will also add that it's my belief that something as large as the u.s. economy and jobs and pay would take longer than 1 year to turn around, IF the proper measures and changes were made to our current system.

There should, however, be evidence of positive trends, of which I find very little.

In fact, the situation with the banks being bailed out is the single greatest piece of proof that obama is full of **** on these matters.

Congress supplied this money without parameters for it's use or any way to monitor it's uses. Indeed, the banks had record numbers in the bonuses category for the companies.

What happens around my house?
Little businesses and peoples homes are taken over by the bank.
They recieve bail out money for losing all of their. A resident in the same economic atmosphere has a similar condition of oustanding debt, indeed the banks are at fault for it!, and yet, they banks take over those peoples homes and businesses anyways.

What's the trillions of dollars of bailout for?
Oh yeah, our secretaries of treasury and friends, quite a few from the past, (most of them recently), were with goldman-sachs before.

So what does that tell you?

Obama didn't change our system in one of it's most horrible examples. The people could have used trillions of dollars, students and poor people, cities who are struggling massively like detroit could use that money and actually creative positive results.

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TOTAL CIVIL EMPLOYMENT DECREASED IN MAY
Odem lied!

Quote:

ftp://ftp.bls.gov/pub/suppl/empsit.cpseea1.txt

Year………………………..USA Total Civil Employed
...
2001………………..............136,933,000 [BUSH43 2001 TO 2009]
…
2007...........................146,047,000
…
2008:
August........................ 145,273,000
September.................... 145,029,000
October....................... 144,650,007
November................... 144,144,000
December.................... 143,338,000

2009: [OBAMA 2009 TO ?]

January.................... 142,221 ,000
February................... 141,687 ,000
March......................140,854,000
April...................... 140,902,000
May........................ 140,438,000
June....................... 140,038,000
July....................... 139,817,000
August..................... 139,433,000
September................ 138,768,000
October.................... 138,242,000
November................... 138,381,000
December................... 137,792,000

2010:
January (3)................ 138,333,000
February................... 138,641,000
March...................... 138,905 ,000
April......................... 139,455,000
May…………….......….139,420,000

A 35,000 decrease!

IT ISN'T WHAT PEOPLE SAY THEY ARE FOR.
IT'S WHAT PEOPLE DO THAT IS WHAT THEY ARE ACTUALLY FOR.

Rightists (e.g., conservatives) are working to achieve equal liberty for everyone under the law.

Leftists (e.g., liberals) are working to achieve equal wealth for everyone regardless of the law.

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If Fannie and Freddie were key players as we understand they were in the housing loan business and the housing bubble that helped precipitate this major recession or depression, how come we haven't called to account the corruption and the people responsible? It appears instead that we are going to let them off easy under special deals worked out for them. Could it be that they are friends of Obama? I seem to remember Raines was one so called expert and/or friend that Obama said he consulted during the campaign.

http://www.nytimes.com/2008/04/18/business/18fannie.html?_r=1&ref=franklin_d_raines

"Federal regulators plan to announce on Friday a legal settlement with Franklin D. Raines, the former chief executive of Fannie Mae, and two other former executives of the giant mortgage company over their roles in an accounting scandal that surfaced in 2004, according to people close to the negotiations.

Mr. Raines and the two others — J. Timothy Howard, the former chief financial officer, and Leanne G. Spencer, a former controller — were accused of engineering a six-year accounting fraud intended to inflate the reported earnings of the company and thus increase their bonuses."

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@okie,

Were not the republicans in controll in 2004? It was the regulations, or rather lack of them that allowed all our finicial problems?

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@CarbonSystem,

CS, You got it right and on target.

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@rabel22,

Question, do you believe Senator Kyle or Chuckee Schumer. I certainly do not believe Schumer. The guy is a Democrat Apologist first, honesty and country matter second.

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@okie,

P.S. to the above post, is anyone dumb enough to think McCain would not throw the book at the crooks in Fannie and Freddie, crooks like Franklin Raines? Although not a McCain supporter in the primary, I was definitely a McCain supporter in the general, and we would be many times better off on many fronts now - over what we currently have to tolerate in the Whitehouse, if McCain had pulled it out and won.

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With all of this talk and hype about what Obama and his administration have done thus far I see no evidence of positive trends... none.

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The "change" a majority of us voted for!

Congressman John Carter, Texas, wrote:

Congress continues to spend itself into oblivion (without a budget), many of your current healthcare plans are in peril, we still don't have effective border security, and oil continues flowing from the Gulf of Mexico.

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@ican711nm,

ican711nm wrote:

The "change" a majority of us voted for!

Congressman John Carter, Texas, wrote:
Congress continues to spend itself into oblivion (without a budget), many of your current healthcare plans are in peril, we still don't have effective border security, and oil continues flowing from the Gulf of Mexico.

If only we had voted against change we would have the exact same thing..

The only change would be ican would be telling us how good we had it.

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@parados,

Every administration and Congress brings change, dope. In fact, the whole mantra of change made no sense, in fact it was childish and stupid. As McCain pointed out in a debate, the real question is what kind of change is it? We could have done without Obama's change, which is to incompetence and aimless leadership, and worthless health care reform dragging us into more problems than we can imagine with that issue. Useful change now would be sweeping all Democrats out of Congress and get some conservative adults in there, then get rid of the president in favor of somebody competent next presidential election.

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@okie,

Quote:

Every administration and Congress brings change, dope.f

Maybe you should tell some of your fellow conservatives that are arguing change hasn't occurred under Obama

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@parados,

They are probably referring to positive change, parados. No positive changes have occurred. I would agree some change has occurred, virtually all negative, which we need to try to correct in the coming elections.

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@okie,

Which changes have occurred okie?

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@parados,

One biggee is Obamacare, which is a really terrible piece of legislation that is going to cause a ton of problems. Other changes mostly involve an evolvement or change to more extreme mismanagement or inaction in regard to numerous things, such as the economy, Supreme Court nominees, border security, war on terror, the list goes on.

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Did anyone notice that already anemic home sales fell by 1/3 last month after the tax credit ended??

****!

We have a lot of bank owned stock hitting the market in the next year...we have a lot of down side to go on home values. Between that and no good news on the jobs front we are not going to get very far in this declared recovery.

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@hawkeye10,

hawkeye10 wrote:

Did anyone notice that already anemic home sales fell by 1/3 last month after the tax credit ended??

****!

We have a lot of bank owned stock hitting the market in the next year...we have a lot of down side to go on home values. Between that and no good news on the jobs front we are not going to get very far in this declared recovery.

Yup, and the market will continue to plummet until it falls into line with historical norms.

Cycloptichorn

1 Reply

Where is the US economy headed?

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