What happened to all of the doom and gloom economic threads?

4est_4est_Gump said:

Spain's Capital takes flight:

http://www.cnbc.com/id/48889555

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The Spanish economy thread is that way.

This is why we're unable to have a conversation with you.


You don't want the dots connected to Obama...

oh those dots

FOUR YEARS AGO IS LOOKING PRETTY GOOD: Investor’s Business Daily: Better Off? Let’s Count the Ways We’re Not.



By most measures the country isn’t making slow progress; it’s falling further behind. Some examples:

• Median incomes: These have fallen 7.3% since Obama took office, which translates into an average of $4,000. Since the so-called recovery started, median incomes continued to fall, dropping $2,544, or 4.8%.

• Long-term unemployed: More than three years into Obama’s recovery, 811,000 more still fall into this category than when the recession ended.

• Poverty: The poverty rate climbed to 15.1% in 2010, up from 14.3% in 2009, and economists think it may have hit 15.7% last year, highest since the 1960s.

• Food stamps: There are 11.8 million more people on food stamps since Obama’s recovery started.

• Disability: More than 1 million workers have been added to Social Security’s disability program in the last three years.

• Gas prices: A gallon of gas cost $1.89 when Obama was sworn in. By June 2009, the price was $2.70. Today, it’s $3.84.

• Misery Index: When Obama took office, the combination of unemployment and inflation stood at 7.83. Today it’s 9.71.

• Union membership: Even unions are worse off under Obama, with membership dropping half a million between 2009 and 2011.

• Debt: Everyone is far worse off if you just look at the national debt. It has climbed more than $5 trillion under Obama, crossing $16 trillion for the first time on Tuesday and driving the U.S. credit rating down.

Ironically, the only people better off under Obama are corporate chieftains, who’ve seen corporate profits climb more than 50% under Obama’s “recovery,” and investors, who’ve benefited from a near-doubling in the Dow industrials from its March 2009 lows.

Given this record, we can only hope Obama doesn’t have the chance to get a “complete” on his plans.

4est_4est_Gump said:

This is why we're unable to have a conversation with you.


You don't want the dots connected to Obama...

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no

the reason we cant have a conversation with him and his elk

is cause of YOU and your ELK

YOU KNOW, I’M BEGINNING TO THINK WE WERE BETTER OFF FOUR YEARS AGO: Another Dismal Assessment of Obamanomics: United States Drops to 7th in WEF’s Global Competitiveness Index. Well, crony capitalism tends not to be very competitive.

mercury14 said:

teh Spanish economy thread is that way.

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Notice how teh "Doom 'n Gloom" boys have gone from Ceylon to Greece and now to Spain....

Any trouble in any country and they hypothesize that "it could happen HERE!!!1Eleven!"

Stocks waver on euro worries

U.S. manufacturing posts sharpest drop in 3 years
U.S. manufacturing activity in August contracted the most in three years, according to a survey by the Institute for Supply Management. It was the third consecutive month of decline, the longest period of slowdown in the sector since the recession ended in 2009.

Beco said:

U.S. manufacturing posts sharpest drop in 3 years
U.S. manufacturing activity in August contracted the most in three years, according to a survey by the Institute for Supply Management. It was the third consecutive month of decline, the longest period of slowdown in the sector since the recession ended in 2009.

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I already told you to get comfy for the ride. Shit's gonna get really bad before it gets any better.

Sean Renaud said:

I already told you to get comfy for the ride. Shit's gonna get really bad before it gets any better.

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in 2010

they TOUTED THE RECOVERY SUMMER

Food-stamp enrollment hits record 46.7M in June

.....

.....

Beco said:

U.S. manufacturing posts sharpest drop in 3 years
U.S. manufacturing activity in August contracted teh most in three years, according to a survey by teh Institute for Supply Management. It was teh third consecutive month of decline, teh longest period of slowdown in teh sector since teh recession ended in 2009.

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First of all, thank you for noting a three-month trend. So many slack-jawed mouthbreathers here (I'm lookin' at you, AJ) see a single data point (i.e. one month's data) and commence bitching and moaning.

Now then...

The ISM trendline typically deals between a range of 40 to 60, below 40 is a depression, above 60 is tulip-mania. 40 to 43 is usually a recession.

The trend over the past two years has been right around 50 to 52, a rather anemic recovery. The three-month trend has been about 49.2 to 49.6 which indicates a stalling recovery and can be cause for concern.

Balcor44 said:

Healthcare is what will destroy this nation. We are 2 doublings (less than 20 years) from it consuming 100% of teh budget. No one is talking about actually cutting teh spending on it. Ryan claims to slow teh ate of growth but that too is a lie because he doesn't touch anyone 55 or over. So when we hit teh wall, there will be chaos and most likely all entitlements simply cease to exist.

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Doooooooooooooooooooooooooooooooooooooooooooooooom
GLoooooooooooooooooooooooooooooooooooooooooooooooom!

Or perhaps we can return to Reagan-era income tax rates and live happily ever after.

Balcor44 said:

The last bar is way off. Debt under Obama went from roughly 10 trillion to 16 trillion and still climbing. That's a 60% increase so far.

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If you tell a lie often enough and shout it loud enough, it will become the truth.

It's the Democrat way.

RobDownSouth said:

First of all, thank you for noting a three-month trend. So many slack-jawed mouthbreathers here (I'm lookin' at you, AJ) see a single data point (i.e. one month's data) and commence bitching and moaning.

Now then...

The ISM trendline typically deals between a range of 40 to 60, below 40 is a depression, above 60 is tulip-mania. 40 to 43 is usually a recession.

The trend over the past two years has been right around 50 to 52, a rather anemic recovery. The three-month trend has been about 49.2 to 49.6 which indicates a stalling recovery and can be cause for concern.

Click to expand...

Leave your kids out of it maggot.

Last night, Impeached, Serial Rapist and Convicted LIAR, Bill CLitMan said no one could have done better than FUK in getting us out of the bad economic situation we were in

HE LIED

FUK mad it worse, much worse

The US economy for all intents and purposes tends to be relatively stable....there are periods of aberration

In 2008 (cause of the impending election of fUK), the economy collapsed.....was horrid, well into early 2009......as usual, when that happens, the rubber band having stretched one way, turned the other way and the economy started up

Then FUK passed his "STIMULUS".....it was supposed to start having effect early 2010.....couple that impact with the rubber band effect, THEY......BYE DUMB, TurboTaxCheat Geither et all starting screaming SUMMER RECOVERY.....even the FOOL Zandi screeched the same.....

BUT

When the FUK's stimulus started to hit, the economy STARTED DOWN AGAIN, and remains down and getting worse......

So FUK indeed was the cause of more fuck ups

TurnerLeaf said:

Last night, Impeached, Serial Rapist and Convicted LIAR, Bill CLitMan said no one could have done better than FUK in getting us out of the bad economic situation we were in

HE LIED

FUK mad it worse, much worse

The US economy for all intents and purposes tends to be relatively stable....there are periods of aberration

In 2008 (cause of the impending election of fUK), the economy collapsed.....was horrid, well into early 2009......as usual, when that happens, the rubber band having stretched one way, turned the other way and the economy started up

Then FUK passed his "STIMULUS".....it was supposed to start having effect early 2010.....couple that impact with the rubber band effect, THEY......BYE DUMB, TurboTaxCheat Geither et all starting screaming SUMMER RECOVERY.....even the FOOL Zandi screeched the same.....

BUT

When the FUK's stimulus started to hit, the economy STARTED DOWN AGAIN, and remains down and getting worse......

So FUK indeed was the cause of more fuck ups

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How's the weather in your alternate reality today?

Balcor44 said:

The last bar is way off. Debt under Obama went from roughly 10 trillion to 16 trillion and still climbing. That's a 60% increase so far.

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Which Obama policies caused that?

Can we blame the next Republican President for the costs of Obamacare?

Balcor44 said:

Healthcare is what will destroy this nation. .

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People in civilised countries read stuff like this and go, "W.T.F?"

Stocks rally on ECB's bond-buying plan

Stocks soar on good news from Europe