Obama's Socialist Policies are Ruining American Economy

[Demosthenes]

Bill, if your going to throw stats and dates out there, how about sourcing it too.

[bill]

Bill, if your going to throw stats and dates out there, how about sourcing it too.

http://data.bls.gov/pdq/SurveyOutputServlet

Here is the first one but thought them common knowledge/sense.

or there is this

www.google.com

[MusicMan]

Bill, compared to what "W" did to the economy, Obama is looking like a genius. Of course to arrive at that conclusion all you need to do is employ commonsense.

Or you could go here:  https://www.youtube.com/watch?v=T6bmEv2-rFA

and let W 'splain it to you.

[JeffreyS]

It looks like we have hit the tipping point , Bill's fantasies aside, broad sector growth, wage growth and serious business investment means unless some self inflected problem like a threat of a government shutdown or a move towards austerity  happens 2015 will be a good year. 

[spuwho]

The last shutdown had a .06% impact to US GDP. 

The largest direct financial impact was mostly limited to the DC area where hotels saw dramatic loss of bookings. (Which recovered after it was over)

However bars and liquor stores saw a marked increase during the same timeframe.

[bill]

Bill, compared to what "W" did to the economy, Obama is looking like a genius. Of course to arrive at that conclusion all you need to do is employ commonsense.

Or you could go here:  https://www.youtube.com/watch?v=T6bmEv2-rFA

and let W 'splain it to you.

I deal in facts not hyperbole or videos. The poor are poorer the rich are richer. More people on food stamps. Less people working since the Carter debacle. By what barometer is this positive? Of course outside of creating more government dependents I.E. democrats

[JeffreyS]

Bill, compared to what "W" did to the economy, Obama is looking like a genius. Of course to arrive at that conclusion all you need to do is employ commonsense.

Or you could go here:  https://www.youtube.com/watch?v=T6bmEv2-rFA

and let W 'splain it to you.

I deal in facts not hyperbole or videos. The poor are poorer the rich are richer. More people on food stamps. Less people working since the Carter debacle. By what barometer is this positive? Of course outside of creating more government dependents I.E. democrats

You make some good points but draw reasonable but incorrect conclusions.  The cause of those problems are the breakdown of protections for the working and middle class since 1980. Reductions of tariffs, non-enforcement of anti trust laws, expansion of corporate influence over government, reduction of top tax rates that kept the investing class pulling money out of owning American businesses and sending it overseas or gambling it on real estate bubbles and hedge-funds.

[finehoe]

Creating more food stamp recipients than jobs.

Employers who don't pay a living wage are the creators of food stamp recipients.

Zero income growth

On the contrary, income growth has started to grow once again.

fewest people working since early 80's.

10,000 baby boomers retire every day.  Of course 'fewer people are working'.

Carter debacle

There were more private-sector jobs added under Carter than St. Raygun's first term:

Term   Private Sector Jobs Added (000s)

Carter   9,041
Reagan 1   5,360
Reagan 2   9,357
GHW Bush   1,510
Clinton 1   10,885
Clinton 2   10,070
GW Bush 1   -841
GW Bush 2   379
Obama 1   1,998
Obama 2   4,7171
122 months into 2nd term: 10,290 pace.

or there is this

www.google.com

Translation:  Bill has no idea what he's talking about.

Never let the facts get in the way of what you believe.

[finehoe]

US economy grew at fast 5 pct. annual rate in Q3, best in 11 years

The U.S. economy grew at a sizzling 5 percent annual rate in the July-September period, the fastest in more than a decade, on the strength of consumer spending and business investment.

The resurgence in growth last quarter provided the latest evidence that the U.S. economy is steadily strengthening and outshining most others around the world.

The Commerce Department on Tuesday sharply revised up its estimate of third-quarter growth from a previous figure of 3.9 percent. Much of the increase came from consumer spending on health care and business spending on structures and computer software.

It was the fastest quarterly growth since the summer of 2003, and it followed a 4.6 percent annual growth rate in the April-June quarter.

http://finance.yahoo.com/news/us-economy-grew-fast-5-133648403.html

[JeffreyS]

We need to hit the tipping point where the financial gains of this country reach the working class.  The rich and investing classes have done well and the middle class is starting to see the light in the distance.  A couple of small reforms could really bring this home such as a moderate increase in tariffs, tax consequences to offshoring jobs and HQs, some Glass Steagall type protections for pensions and home values and a broader minimum wage increase.

[fsquid]

Much of the increase came from consumer spending on health care

thought that was supposed to decline?

Also, thank you Mr. Bernanke.

[fsquid]

Much of the increase came from consumer spending on health care

thought that was supposed to decline?

Also, thank you Mr. Bernanke.

Yeah, thats what happens when you give ten million people access to healthcare.  The economy grows.

certainly does for the insurance companies and that is why I bought the ETF a year ago. 

[ChriswUfGator]

Much of the increase came from consumer spending on health care

thought that was supposed to decline?

Also, thank you Mr. Bernanke.

Yeah, thats what happens when you give ten million people access to healthcare.  The economy grows.

certainly does for the insurance companies and that is why I bought the ETF a year ago.

when you were predicting it would kill the economy?  Not to mention the health care profession?

What do you expect from conservatives Stephen, really? Bitching about something while profiting off it is par for the course.

[fsquid]

Much of the increase came from consumer spending on health care

thought that was supposed to decline?

Also, thank you Mr. Bernanke.

Yeah, thats what happens when you give ten million people access to healthcare.  The economy grows.

certainly does for the insurance companies and that is why I bought the ETF a year ago.

when you were predicting it would kill the economy?  Not to mention the health care profession?

yes, just because I think its bad for America, doesn't mean I don't see an opportunity to invest and make 22% this year.

[finehoe]

yes, just because I think its bad for America

What this whole thread demonstrates is that what you "think" is at odds with what reality actually is.