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Discussion Starter · #1 ·
#1 During the 23 months of the “Obama recovery”, an average of about 23,000 jobs a month have been created. It takes somewhere in the neighborhood of 150,000 jobs a month just to keep up with population growth. So shouldn’t we hold off a bit before we declare the economic crisis to be over?

#2 During the “recession”, somewhere between 6.3 million and 7.5 million jobs were lost. During the “Obama recovery”, approximately 535,000 jobs have been added. When will the rest of the jobs finally come back?

#3 Of the 535,000 jobs that have been created during the “Obama recovery”, only about 35,000 of them are permanent full-time jobs. Today, “low income jobs” account for 41 percent of all jobs in the United States. If our economy is recovering, then why can’t it produce large numbers of good jobs that will enable people to provide for their families?

#4 Agricultural commodities have been absolutely soaring this decade. The combined price of cotton, wheat, gasoline and hogs is now more than 3 times higher than it was back in 2002. So how in the world can the Federal Reserve claim that inflation has been at minimal levels all this time?

#5 Back in 2008, banks had a total of 27 billion dollars in excess reserves at the Fed. Today, banks have a total of approximately 1.5 trillion dollars in excess reserves at the Fed. So what is going to happen when all of this money eventually hits the economy?….

#6 If the U.S. economy is recovering, then why are shipments by U.S. factories still substantially below 2008 levels?

#7 Why are imports of goods from overseas growing much more rapidly than shipments of goods from U.S. factories?

#8 According to Zillow, the average price of a home in the U.S. is about 8 percent lower than it was a year ago and that it continues to fall about 1 percent a month. During the first quarter of 2011, home values declined at the fastest rate since late 2008. So can we really talk about a “recovery” when the real estate crisis continues to get worse?

#9 According to a shocking new survey, 54 percent of Americans believe that a housing recovery is “unlikely” until at least 2014. So how is the housing industry supposed to improve if so many people are convinced that it will not?

#10 The latest GDP numbers out of Japan are a complete and total disaster. During the first quarter GDP declined by a stunning 3.7 percent. Of course I have been saying for months that the Japanese economy is collapsing, but most mainstream economists were absolutely stunned by the latest figures. So will the rest of the world be able to avoid slipping into a recession as well?

#11 Next week, Republicans in the House of Representatives are going to allow a vote on raising the debt ceiling. Everyone knows that this is an opportunity for Republican lawmakers to “look tough” to their constituents (the vast majority of which do not want the debt ceiling raised). Everyone also knows that eventually the Republicans are almost certainly going to cave on the debt ceiling after minimal concessions by the Democrats. The truth is that neither “establishment Republicans” nor “establishment Democrats” are actually serious about significantly cutting government debt. So why do we need all of this political theater?

#12 Why are so many of our once great manufacturing cities being transformed into hellholes? In the city of Detroit today, there are over 33,000 abandoned houses, 70 schools are being permanently closed down, the mayor wants to bulldoze one-fourth of the city and you can literally buy a house for one dollar in the worst areas.

#13 According to one new survey, about half of all Baby Boomers fear that when they retire they are going to end up living in poverty. So who is going to take care of them all when the money runs out?

#14 According to the U.S. Bureau of Labor Statistics, an average of about 5 million Americans were being hired every single month during 2006. Today, an average of about 3.5 million Americans are being hired every single month. So why are our politicians talking about “economic recovery” instead of “the collapse of the economy” when hiring remains about 50 percent below normal?

#15 Since August, 2 million more Americans have left the labor force. But the entire period from August to today was supposed to have been a time of economic growth and recovery. So why are so many Americans giving up on looking for a job?

#16 According to Gallup, 41 percent of Americans believed that the economy was “getting better” at this time last year. Today, that number is at just 27 percent. Are Americans losing faith in the U.S. economy?

#17 According to the U.S. Census, the number of children living in poverty has gone up by about 2 million in just the past 2 years, and one out of every four American children is currently on food stamps. During this same time period, Barack Obama and Ben Bernanke have told us over and over that the U.S. economy has been getting better. So what is the truth?

#18 America has become absolutely addicted to government money. 59 percent of all Americans now receive money from the federal government in one form or another. U.S. households are now receiving more income from the U.S. government than they are paying to the government in taxes. Americans hate having their taxes raised and they hate having their government benefits cut. So is there any hope that this will ever be turned around before disaster strikes?

#19 The combined debt of the major GSEs (Fannie Mae, Freddie Mac and Sallie Mae) has increased from 3.2 trillion in 2008 to 6.4 trillion in 2011. How in the world is the U.S. government going to be able to afford to guarantee all of that debt on top of everything else?

#20 If the U.S. national debt (more than 14 trillion dollars) was reduced to a stack of 5 dollar bills, it would reach three quarters of the way to the moon. The U.S. government borrows about 168 million dollars every single hour. If Bill Gates gave every penny of his fortune to the U.S. government, it would only cover the U.S. budget deficit for 15 days. So how in the world can our politicians tell us that everything is going to be okay?
 

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#4 Agricultural commodities have been absolutely soaring this decade. The combined price of cotton, wheat, gasoline and hogs is now more than 3 times higher than it was back in 2002. So how in the world can the Federal Reserve claim that inflation has been at minimal levels all this time?
conveniently the official government numbers on inflation don't include food for gas.

No joke.
 

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Just another reminder that even though I'm making more bucks this year on paper, I'm actually making less when it comes to buying power.
 

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Just another reminder that even though I'm making more bucks this year on paper, I'm actually making less when it comes to buying power.
be glad you dont make $2.30/hr and depend on congress for a pay raise lol
 

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Hello. Hello??

Any Obama sucking liberal/socialists/marxists/communists out there care to answer any of these.

Maybe, even.............. one??

The scilence is deafening :lookinup:
 

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Hello. Hello??

Any Obama sucking liberal/socialists/marxists/communists out there care to answer any of these.

Maybe, even.............. one??

The scilence is deafening :lookinup:
If you think these issues are limited to liberals, you are kidding yourself. The government is broken as a whole and needs a revamp top to bottom.

We need tax reform and a major reform in the Federal Government spending in all areas. States need to take more responsibility for their spending and depend much less on Federal funding.

Continuing to fail to recognize the Federal economic problems is a National problem, not limited to partisan issues will just allow the feds to do business as usual and will not fix the problem.
 

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Discussion Starter · #7 ·
If you think these issues are limited to liberals, you are kidding yourself. The government is broken as a whole and needs a revamp top to bottom.

We need tax reform and a major reform in the Federal Government spending in all areas. States need to take more responsibility for their spending and depend much less on Federal funding.

Continuing to fail to recognize the Federal economic problems is a National problem, not limited to partisan issues will just allow the feds to do business as usual and will not fix the problem.
:agree: 8 years of "Bush & the neocons" (borrowed :D) didn't help a damn thing..
 

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The sad truth that no one wants to face is that we are in the middle of a permanent realignment of the job market around the world and there is nothing we or our government can do about it. American labor is simply too expensive to be used for most manufacturing. All but the highest tech manufacturing has moved or is moving where there is cheaper labor. This is not evil, greedy companies. It is a reality that cannot be changed. Asking companies to buck the system is asking them to drive straight into bankruptcy. We simply have no choice but to use our ingenuity to figure out some other way to make decent jobs that can't be outsourced. Finger point all you want at one party or the other. Neither has anything to do with this market-driven situation.
 

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Discussion Starter · #9 ·
The sad truth that no one wants to face is that we are in the middle of a permanent realignment of the job market around the world and there is nothing we or our government can do about it.
Except maybe stop letting corps write unfair trade legislation.

American labor is simply too expensive to be used for most manufacturing. All but the highest tech manufacturing has moved or is moving where there is cheaper labor.
Writing trade legislation that puts the same insane requirements on other countries, as are put on people in this one, would level that playing field. Can't expect people here to work for $3 a day when they are 8 years old..

This is not evil, greedy companies.
Well, yes it is. They exploit people in other countries, because they can't do it here.

It is a reality that cannot be changed.
Not by the status quo 2 party system..

Asking companies to buck the system is asking them to drive straight into bankruptcy. We simply have no choice but to use our ingenuity to figure out some other way to make decent jobs that can't be outsourced. Finger point all you want at one party or the other. Neither has anything to do with this profit-driven situation.
Forcing the government to create trade legislation that requires companies that sell products here, to also share our ridiculous laws that keep companies from making a profit here would help.
 

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The sad truth that no one wants to face is that we are in the middle of a permanent realignment of the job market around the world and there is nothing we or our government can do about it. American labor is simply too expensive to be used for most manufacturing. All but the highest tech manufacturing has moved or is moving where there is cheaper labor. This is not evil, greedy companies. It is a reality that cannot be changed. Asking companies to buck the system is asking them to drive straight into bankruptcy. We simply have no choice but to use our ingenuity to figure out some other way to make decent jobs that can't be outsourced. Finger point all you want at one party or the other. Neither has anything to do with this market-driven situation.

I agree with some of this, but our Govt is still messed up and catering to Corporate needs that are not in our national interest.
And energy is still a large part of this problem.
 

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Except maybe stop letting corps write unfair trade legislation.



Writing trade legislation that puts the same insane requirements on other countries, as are put on people in this one, would level that playing field. Can't expect people here to work for $3 a day when they are 8 years old..



Well, yes it is. They exploit people in other countries, because they can't do it here.



Not by the status quo 2 party system..



Forcing the government to create trade legislation that requires companies that sell products here, to also share our ridiculous laws that keep companies from making a profit here would help.
Government is not making an uneven playing field. The world market is. There is nothing the government can do to make $40/hr American labor be competitive with $3/hr Asian or S. American labor. Looking for the solution in some kind of legislation is wishful thinking and avoiding the real truth of the matter.
 

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I agree with some of this, but our Govt is still messed up and catering to Corporate needs that are not in our national interest.
And energy is still a large part of this problem.
I will agree that government, in some cases, does things that help corporations who are manufacturing offshore. But look at it this way. Those corps do employ a lot of Americans in the administrative end of the company. Those manufacturing jobs are going overseas no matter what because of the economics of employing Americans for manufacturing. My theory is that illiterate foreigners can't do those administrative jobs, so those are the jobs we need to be making more of and protecting. Punishing companies for doing what they must do in a competitive world market is self defeating because it hurts the jobs that are left behind that can't be offshored. I understand how hard all of this is on our middle class and our overall economy. But I think getting mad at corporations is like a man standing in rising flood waters getting mad at the rain. It may feel good, but it does nothing to help the problem.
 

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I agree with some of this, but our Govt is still messed up and catering to Corporate needs that are not in our national interest.
And energy is still a large part of this problem.
While I agree this is happening. I don't blame the corps for it. they weren't the ones we elected to represent us. Its thr govt thays the issie, if theu are going to cater to the needs of corpoeations ober th he people, they can gtfo. At the same time. We can not cut off our noses to spite our faces. There needs to be a pro business environment so that corporations can compete on a global level. And this isnt a pib thing either dune. Clinton was the one that signed nafta, when he should have wiped his ass w it. both parties share plenty of blame.
 

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Discussion Starter · #14 ·
Government is not making an uneven playing field. The world market is. There is nothing the government can do to make $40/hr American labor be competitive with $3/hr Asian or S. American labor. Looking for the solution in some kind of legislation is wishful thinking and avoiding the real truth of the matter.
The problem is trade deals, and the solution is trade deals.

The other solution is to lower us to the same level as the rest of the world.
 

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Government is not making an uneven playing field. The world market is. There is nothing the government can do to make $40/hr American labor be competitive with $3/hr Asian or S. American labor. Looking for the solution in some kind of legislation is wishful thinking and avoiding the real truth of the matter.
Well Tex actualy there is something that can be done. Lower the value of the dollar, and insist that China allow it currency to float freely. But every time the dollar loses value the right claims that Obama is destroying our country....even when Saint Ronald did the very same thing. The fact of the mater is that a key component of the free market is that when countries are making lots of money thier currency rises and thus checks that growth somewhat, by increasing the cost of their products. China, a communist controlled country has artificialy kept its currency tied to the dollar, and so has targeted the US to trade unfairly. If our elected representatives had any backbone at all they would revoke most favored trade status over this issue, but then of course this would piss off wallmart. :crazy:
 

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Well Tex actualy there is something that can be done. Lower the value of the dollar, and insist that China allow it currency to float freely. But every time the dollar loses value the right claims that Obama is destroying our country....even when Saint Ronald did the very same thing. The fact of the mater is that a key component of the free market is that when countries are making lots of money thier currency rises and thus checks that growth somewhat, by increasing the cost of their products. China, a communist controlled country has artificialy kept its currency tied to the dollar, and so has targeted the US to trade unfairly. If our elected representatives had any backbone at all they would revoke most favored trade status over this issue, but then of course this would piss off wallmart. :crazy:
I agree that these are problems. But they are not even close to being significant enough to close the gap between the labor costs of the U.S. and Asia. It's easy to find a dozen legislative or trade pebbles to throw at the problem and make a slight dent in it. But there is simply no way to close the gap between people who need $30-40/hr total compensation to live comfortably and people who need $3-5/hr to live comfortably. The value of the dollar is important in many ways and needs to be addressed. But it absolutely will not bring manufacturing jobs back to the U.S.
 

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I will agree that government, in some cases, does things that help corporations who are manufacturing offshore. But look at it this way. Those corps do employ a lot of Americans in the administrative end of the company. Those manufacturing jobs are going overseas no matter what because of the economics of employing Americans for manufacturing. My theory is that illiterate foreigners can't do those administrative jobs, so those are the jobs we need to be making more of and protecting. Punishing companies for doing what they must do in a competitive world market is self defeating because it hurts the jobs that are left behind that can't be offshored. I understand how hard all of this is on our middle class and our overall economy. But I think getting mad at corporations is like a man standing in rising flood waters getting mad at the rain. It may feel good, but it does nothing to help the problem.
I duuno why we are discussing manufacturing only here.
Even tech jobs, and administrative jobs went overseas.
We have banks gaming our govt, insurance companies, states for pork barrel spending, and more.
Companies like GE that are plenty happy with our tax system and residence here, but send work overseas.
And like I said before.....
In the roaring bull market 90's with high profits, corps sent work overseas.
In the Bush era with cheap wealthy taxes, millions of new millionares, yet saving and wealth went to tax havens.

It's not about corp survival for all corps.
 

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Discussion Starter · #18 ·
Well Tex actualy there is something that can be done. Lower the value of the dollar, and insist that China allow it currency to float freely. But every time the dollar loses value the right claims that Obama is destroying our country....even when Saint Ronald did the very same thing. The fact of the mater is that a key component of the free market is that when countries are making lots of money thier currency rises and thus checks that growth somewhat, by increasing the cost of their products. China, a communist controlled country has artificialy kept its currency tied to the dollar, and so has targeted the US to trade unfairly. If our elected representatives had any backbone at all they would revoke most favored trade status over this issue, but then of course this would piss off wallmart. :crazy:
Lowering the value of the dollar is a bad approach, actually, a reckless approach.

As for China, your spot on, but it wouldn't just be walmart getting pissed..
 

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Hello. Hello??

Any Obama sucking liberal/socialists/marxists/communists out there care to answer any of these.

Maybe, even.............. one??

The scilence is deafening :lookinup:
While I am not a liberal/ socialist/arxist / or communist, I will answer 1 question just to point out the redicule of this article.


#11 Next week, Republicans in the House of Representatives are going to allow a vote on raising the debt ceiling. Everyone knows that this is an opportunity for Republican lawmakers to “look tough” to their constituents (the vast majority of which do not want the debt ceiling raised). Everyone also knows that eventually the Republicans are almost certainly going to cave on the debt ceiling after minimal concessions by the Democrats. The truth is that neither “establishment Republicans” nor “establishment Democrats” are actually serious about significantly cutting government debt. So why do we need all of this political theater?

The debt cieling is not the place to control spending. The debt cieling is simply allowing the government to pay the bills that it agreed to pay in it's budget. let me explain this in terms that you may understand.

If you are spending too much money in your personal life, would it be good economic practice to stop paying your car payment to solve the problem? You agreed to make that car payment. You will lose the car and get a bad credit rating if you stop paying for the car.

The government has agreed to make certain payments. If they don't make those payments, they haven't reduced spending, they have simply defaulted on the agreements to make those payments, just like the car payment. The people getting screwed out of those payments will suffer and many of those investors are us everyday investors. Our credit rating will get destroyed and so interest rates will soar. that will make our debt problem even worse and we could sink into a true depresion.

Now I know that the shrink the government till it can be drowned in a bathtub crowd would love this scenario, but the average American would likely lose everything. This country would be plunged into decades of instability and unemployement would not be a question of who is out of a job, it would be more about the lucky few who do have a job.

If you or any other economic geniuses out there can explain this to be a good thing, by all means do so because nothing that the republicans are threatening scares the **** our of me more than this. :crazy::crazy::crazy:
 

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Discussion Starter · #20 ·
If you or any other economic geniuses out there can explain this to be a good thing, by all means do so because nothing that the republicans are threatening scares the **** our of me more than this. :crazy::crazy::crazy:
It's not crazy, it's time to stop. You and I both know the only way to force them to quit spending, is to take away their Chinese Express Card.

Agreeing to raise the debt cieling is just dumb, I know what your saying, but you have to factor in the interest payments which will be increasing over the next few years, would you prefer we crash now and reform the system? Or continue on the same path, which will ultimately lead to the majority of the budget going to debt payments, while we all die slowly?
 
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