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Switch to Forum Live View Economy Slowing; Recovery A Mirage?
2 years ago  ::  May 02, 2012 - 4:16PM #1
Ironhold
Posts: 11,491
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There are signs to suggest that the brief surge in employment we've been having might have just been a fluke due in part to the warmer-than-normal winter we got.

Given that the administration was banking on the perception of a recovery, anyone want to lay odds on what Obama will do if it turns out the recovery was indeed just an illusion?
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2 years ago  ::  May 02, 2012 - 4:59PM #2
Bodean
Posts: 9,430

May 2, 2012 -- 4:16PM, Ironhold wrote:

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There are signs to suggest that the brief surge in employment we've been having might have just been a fluke due in part to the warmer-than-normal winter we got.

Given that the administration was banking on the perception of a recovery, anyone want to lay odds on what Obama will do if it turns out the recovery was indeed just an illusion?




Blame it on Bush and the GOP of course.

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2 years ago  ::  May 02, 2012 - 5:07PM #3
Jasr
Posts: 11,264

May 2, 2012 -- 4:59PM, Bodean wrote:


May 2, 2012 -- 4:16PM, Ironhold wrote:

link

There are signs to suggest that the brief surge in employment we've been having might have just been a fluke due in part to the warmer-than-normal winter we got.

Given that the administration was banking on the perception of a recovery, anyone want to lay odds on what Obama will do if it turns out the recovery was indeed just an illusion?




Blame it on Bush and the GOP of course.





It's kind of passe to blame it on Bush (who was not really at fault for the housing bubble; just the unfunded wars and ruinous tax cut and drug entitlement which did not cause the crash).


But it's totally appropriate to blame the GOP and congress, whose single most important policy initiative is to make Barak Obama a one-term president.

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2 years ago  ::  May 02, 2012 - 5:32PM #4
TENAC
Posts: 25,663

May 2, 2012 -- 5:07PM, Jasr wrote:


May 2, 2012 -- 4:59PM, Bodean wrote:


May 2, 2012 -- 4:16PM, Ironhold wrote:

link

There are signs to suggest that the brief surge in employment we've been having might have just been a fluke due in part to the warmer-than-normal winter we got.

Given that the administration was banking on the perception of a recovery, anyone want to lay odds on what Obama will do if it turns out the recovery was indeed just an illusion?




Blame it on Bush and the GOP of course.





It's kind of passe to blame it on Bush (who was not really at fault for the housing bubble; just the unfunded wars and ruinous tax cut and drug entitlement which did not cause the crash).


But it's totally appropriate to blame the GOP and congress, whose single most important policy initiative is to make Barak Obama a one-term president.


Makes no difference.  He passed every major legislative piece he wanted in the first two years.  Non of which have made a dent to date.




Lets not forget.  We had 52 straight weeks of real job growth under Bush.


Until when?


Until Jan 1, 2007.


Then what happened?


The democrats took over congress.


The Harry and Nancy show is more to blame than anyone else.



On this note, I do blame Bush for becoming a less of a conservative than he already was(n't).


Any man can count the seeds in an apple....
.......but only God can count the apples in the seeds.
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2 years ago  ::  May 02, 2012 - 7:04PM #5
drawout
Posts: 5,909

Tenac,what did the Democrats do to cause the crash when they took over in 2007?

'When we remember we are all mad, the mysteries disappear and life stands explained.' - Mark Twain
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2 years ago  ::  May 02, 2012 - 7:54PM #6
teilhard
Posts: 50,870

We're still recovering from The Great Recession ... It will take Time ...

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2 years ago  ::  May 03, 2012 - 10:14AM #7
Jasr
Posts: 11,264

May 2, 2012 -- 7:04PM, drawout wrote:


Tenac,what did the Democrats do to cause the crash when they took over in 2007?





And while we are on the subject, what did Bush do to cause 52 months of job growth?


If it was the tax cut that blew a hole in the federal budget, I would submit the job creation return on investment was pretty paltry.

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2 years ago  ::  May 03, 2012 - 11:05AM #8
arielg
Posts: 9,116

 


 Whoever is in charge gets the credit or the blame for whatever happens, but the reasons for the changes in the economy go deeper than any person or party.


The attempts to pigeohole some action or party for whatever happens with the economy is  missguided.  Nobody is making anything happen.  They are all reacting to events according to their beliefs and ideologies.There are economic forces that work beyond individuals desires or plans.


 


 

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2 years ago  ::  May 03, 2012 - 11:10AM #9
catboxer
Posts: 14,012

If by using the word "recovery" people mean "back to the way it was before y2K," that will never happen. For one thing, oil is selling for $103.62 a barrel this morning, and it's not going to go below $100 again. The price of oil effects the prices of everything we buy, because it all has to be transported.


Mostly, though, we're never going back to the good old days because so much unemployment, underemployment, and people being forced into dipshit jobs is structural -- and I don't mean that in the way "structural" is usually used. The actual architecture of the economy has been re-tooled by our "pluted bloatocrats" (Stephen King) to their advantage.


Robert Reich, Clinton's labor secretary, writes: Payrolls used to account for almost 70 percent of the typical company's costs. But one of the most striking legacies of the Great Recession has been the decline of full-time employment - as companies have substituted software or outsourced jobs abroad (courtesy of the Internet, making outsourcing more efficient than ever), or shifted them to contract workers also linked via Internet and software.

That's why most of the gains from the productivity revolution are going to the owners of capital, while typical workers are either unemployed or underemployed, or else getting wages and benefits whose real value continues to drop. The portion of total income going to capital rather than labor is the highest since the 1920s.

Increasingly, the world belongs to those collecting capital gains.


But before we start weeping and moaning about not having a future, let's look at the possibilities. The oldest cliché, "Necessity is the mother of invention," comes into play here.


Do you know how much food you can grow in your back yard? You'd be surprised.


Would it be possible to drive 75 percent less than you do now?


A part-time job pays a little money, and it's not a "career" you have to devote your life to.


Have you thought about the possibility of building networks of mutual support in your town or neighborhood? In my town there's a store that sells only locally-produced food, and the variety and quality are surprisingly top-shelf.


What I'm saying is the economy which has been deliberately shoved into the tank by the moneyed aristocrats "who float serenely over the (former) middle class like blimps made of thousand-dollar bills" (Stephen King) is presenting us with an opportunity to start living a different kind of life, and a better one.


"Living well is the best revenge," says another true cliché. It's even better than beating them up and taking their lunch money, and in the end we'll do that too.


Adepto vestri stercore simul.ttr
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2 years ago  ::  May 03, 2012 - 11:28AM #10
teilhard
Posts: 50,870

Yes ... And along with the very real Benefits of "Globalization," we get the enomous Downside as well ...


May 3, 2012 -- 11:05AM, arielg wrote:


 


 Whoever is in charge gets the credit or the blame for whatever happens, but the reasons for the changes in the economy go deeper than any person or party.


The attempts to pigeohole some action or party for whatever happens with the economy is  missguided.  Nobody is making anything happen.  They are all reacting to events according to their beliefs and ideologies.There are economic forces that work beyond individuals desires or plans.


 


 





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