Where is the US economy headed?

Just his same strawman bs.

No logical response from you either... that's totally predictable.

Chronic unemployment is worse under Obama than it was during the great depression.


Hey, Obama where are all of these jobs you promised?

Over on the Obama thread I wrote about changes in unemployment in the public vs private sector. One of the sources (of which there were many, ranging from CNN, Fox and the AP through Washington Monthly, Gallup and IHS Global Insight) mentioned that he had been accused of moving the goal posts when he went to reporting public vs private in addition to total employment.
Anyway.
In 2008, the private sector lost 4.7Mn jobs
In 2009, the number lost was 3.8Mn jobs
In 2010, I have the number of jobs created as being 1.3Mn Jobs
So far in 2011, through May, the private sector has added 900K. If you dare to extrapolate to get an annual number, it might be 2.1Mn jobs.
Meanwhile, the public sector (state and local governments ) has lost 510K since Aug 2008 (18K a month if, as I think, the data runs through 2010).
In May, the public sector lost 29K and an average of 23K in each of the three previous months. A projection is that the state and local governments will shed 110K in the next 3 months (36K per month on average) with the bulk of that in the education field. It may just be a matter of "crying wolf," though, by the people in the teachers' unions.
We'll find out.

Facts do not deter their ignorance. It doesn't matter the sources used for the stats - which happens to be the most credible in this country. They have another agenda called "remain ignorant."

LOL, you are living proof of that!

Our economy will not begin to see steady improvement until Americans know Obama's reign is coming to an end.

The American people and businesses are holding back because of all of the trauma caused by Obama and the democrats.
They are afraid and unsure about what bonehead move the Obama regime will make next - taxes, jobs and the cost of
Obamacare weigh heavily on the minds of the American people and American businesses. They hope for real change.

I thought the GOP were elected to create jobs. It's what they said they were going to do. I guess they lied to us.

Obama was elected by the dumbmasses because they drank the blue Kool-Aid and bought into the failed Hope & Change experiment. Obama lied to you. The GOP kicked ass in 2010 only because the rest of America and the segment of the dumbmasses the woke up and repudiated Obama and his democrats. The 2012 election will complete the repudiation of Obama and his democrats and only then will the US economy begin to improve.

Yes, the GOP was elected in 2010 and you are telling us the economy is going to get worse in spite of or because of the GOP elections.

You are arguing that the GOP is so incompetent that Obama can control them and destroy the economy. But you don't seem to realize that is what you are telling us.

You are oblivious to the fact that the GOP can do little while Obama has veto power.
You sound like you want the GOP to correct Obama's mistakes and that's a sure sign of intelligence.

Let me know when they pass anything and Obama has to veto it.

The GOP has done nothing. They have proposed no jobs bills. You are arguing that Obama has great power at the same time you are arguing he is completely incompetent. You can't argue both things squirt since it makes no sense to anyone with half a brain or more.

And here I thought you were going to offer up a logical rebuttal... you fooled me again.

Obama said he is not worried that the recent economic slowdown is signaling a possible second
recession and said the nation should “not panic”. Obama is saying our economy fundamentals are "sound".

Obama lies... the economy dies.

waterboy is full of his own contradictions, and he doesn't even know it. He's a dupe, and he loves to prove it over and over on a2k. He would be better off hanging himself; he's his own worst enemy and persecutor.

Pointing out your lack of logic is a logical rebuttal squirt.

It's interesting how none of you can defend Obama's economy
and the direction he's taking the country... very telling.

re H2 Oboy, All we have to do is cite the facts, as we have done, which show clearly enought that Obama's economic plans have worked far better than the conservative model/muddle which got us into the mess in the first place. Obama inherited not just your garden-variety recession, but the WORST RECESSION since the Great Depression. Indeed, if you can remember as far back as two years ago, H2 Oboy, you will remember that many people were worried that it was going to turn into the next Depression. Conservatives, with zero historical memory, advocated the same measures that the Hoover administration took, which exacerbated the failures then, and would have done the same thing now. Obama's bailout and stimulus programs got the economy growing again, investment and credit going again, and production jump-started. The financial institutions and American car makers that you kept screaming were part of a socialistic takeover by government have paid the government back, and GM and wonder of wonders as we''ve just seen, Chrysler, are selling more and making more than they've done in years. And jobs, always a trailing indicator, are coming back, not, of course, without the usual bumps in the road.

You, not unlike extreme Marxists, are so taken with your ideology that you are apparently incapable of seeing the real world without your ideological blinders.

From the Troll in Virginia:
The Senate just defeated legislation that would have prevented a portion of financial reform passed last year from going into effect. The vote was 54-45 in favor of the idea of the government capping the debit card "swipe" fee that merchants pay the banks to 12 cents per transaction. 60 votes were needed.
Merchants currently pay about between 1% and 2% of the transaction amount plus a 20 cent per transaction fee. The estimated cost to the merchant is estimated to be 44 cents which would now be reduced to 12 cents. The banks, which collect some $17Bn on debit card "swipe" fees a year, could see that drop to $5Bn. A $12Bn hit for the banks. Hence there was intense lobbying by the banking industry to try to derail the cap.
Meanwhile, the various business groups (Chamber of Commerce, Natl Fed of Indy Business) argued that the cut would reduce their expenses by $12Bn a year.
Consumers didn't really have a dog in the fight. The banks (supported by Sen Jon Testor - D-Montana) did say that they might have to cut back on their rewards programs to credit card holders and the caps might hurt profits at small local banks (an attempt to distance himself from the megabanks). Proponents of the cap (led by Sen Dick Durbin - D-Illinois) said it would help small businesses (an attempt to distance himself from the biggest retailers.

Speaking as a retail merchant, what's your feeling on this? Somehow or other, all costs are going to be recovered, meaning we all indirectly pay for the service. On the other hand, there are people who simply don't qualify for credit cards. They could end up with diffculties with hotels, car rentals, and internet sales.