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

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mercury14 said:
Talking change in raw numbers rather than change in relative proportion is absurd.

The unemployment numbers are adjusted for the season so they will not decrease for Christmas hiring. Nor will they increase in January when the temporary retail jobs finish up.
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it's not absurd, quite often it helps make the subject matter more real when you know the total number of affected americans.

the percentage of people homeless in NY and NJ is small compared to those states populations. and yet, it's a LOT of fucking people who are still struggling today, now, as we speak, due to sandy
 
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vetteman said:
Yes, and that growth is relative to what? For instance what was the growth rate during the Bush years up until 2007?
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3.3 million millionaires in 2002
3.8 in 2003
7.5 in 2004 <== real estate bubble begins
8.9 in 2005
9.5 in 2006 <== real estate values peak
9.2 in 2007
6.7 in 2008 <== real estate bubble bursts
4.1 at the end of 2008
5.1 in 2011

So doing the math here, that's 24.4% increase in millionaires during the Bush administration compared to a 27.5% increase during the Obama administration.


http://money.cnn.com/2005/05/25/pf/record_millionaires/
http://money.cnn.com/2006/03/28/news/economy/millionaires/
http://www.reuters.com/article/2009/03/11/us-usa-economy-millionaires-idUSTRE52A71B20090311
http://blogs.wsj.com/wealth/2007/06/27/more-millionaires-than-ever/
http://www.huffingtonpost.com/2010/03/09/number-of-us-millionaires_n_491942.html
 
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mercury14 said:
3.3 million millionaires in 2002
3.8 in 2003
7.5 in 2004 <== real estate bubble begins
8.9 in 2005
9.5 in 2006 <== real estate values peak
9.2 in 2007
6.7 in 2008 <== real estate bubble bursts
4.1 at the end of 2008
5.1 in 2011

So doing the math here, that's 24.4% increase in millionaires during the Bush administration compared to a 27.5% increase during the Obama administration.


http://money.cnn.com/2005/05/25/pf/record_millionaires/
http://money.cnn.com/2006/03/28/news/economy/millionaires/
http://www.reuters.com/article/2009/03/11/us-usa-economy-millionaires-idUSTRE52A71B20090311
http://blogs.wsj.com/wealth/2007/06/27/more-millionaires-than-ever/
http://www.huffingtonpost.com/2010/03/09/number-of-us-millionaires_n_491942.html
Click to expand...

i think the real question is... ARE the increases a direct of obama's policies? or simply the millionaires ability to take the hit from the RE crash and re-adjust their investment strategies?
 
pete1968 said:
i think the real question is... ARE the increases a direct of obama's policies? or simply the millionaires ability to take the hit from the RE crash and re-adjust their investment strategies?
Click to expand...

The scramble to move the goal posts begins.
 
pete1968 said:
i think the real question is... ARE the increases a direct of obama's policies? or simply the millionaires ability to take the hit from the RE crash and re-adjust their investment strategies?
Click to expand...

Well it's 'another' question, I'm not sure it's the real one we've been talking about.

But it's also a bit smarmy since people don't become millionaires because of some president's policies.
 
I QUESTION THE TIMING: Boeing Telegraphs Layoffs in Defense, Space & Security Unit.“Boeing Co. (NYSE: BA) did pretty much what we expect other aerospace and defense companies to do. The company waited for the outcome of the presidential election, and now it is outlining how it will deal with the coming Fiscal Cliff.”
 
the question ISNT how many were "created".......and BTW, were they created or merely MKT went up and they got some $$$ back.............


Its HOW many woulda been created if a real PRO BUSINESS PRESIDENT WAS IN OFFICE
 
while mercMORON buys Volt stock.....

Gun makers Smith & Wesson Holding (SWHC +4.00%) and Sturm Ruger (RGR +4.99%) rose sharply Wednesday in a repeat of sorts of the response to Obama's first presidential victory in 2008. Gun stocks have performed well over the four years of Obama's term. Sturm Ruger, for example, rose from $7.04 on Election Day in 2008 to $47.68 Wednesday, Reuters reported.

:cool:
 
BIG MAC BUST: SALES DROP FIRST TIME IN DECADE



Vegas Employer: Obama Won, So I Fired 22 Employees...

LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

Here’s an excerpt from the interview. Click the audio tab below to hear even more from this compelling conversation:

“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.



“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.

“Well unfortunately, and most of my employees are Hispanic — I’m not gonna go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive. I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come. I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”
 
DOWN-JUAN said:
BIG MAC BUST: SALES DROP FIRST TIME IN DECADE



Vegas Employer: Obama Won, So I Fired 22 Employees...

LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

Here’s an excerpt from the interview. Click the audio tab below to hear even more from this compelling conversation:

“I’ve done my share of educating my employees. I never tell them which way to vote. I believe in the free system we have, I believe in the right to choose who they want to be president, but I did explain as a business owner that I have always put my employees first. I always made sure that when I went without a paycheck that made sure they were paid. And I explained that I always put them first and unfortunately I’m at a point where I’m being forced to have to worry about me and my family now and a business that I built from just me to 114 employees.



“I explained to them a month ago that if Obama gets in office that the regulations for Obamacare are gonna hurt our business, and I’m gonna have to make provisions to make sure I have enough money to cover the payroll taxes, the additional health care I’m gonna have to do, and I explained that to them and I said you do what you feel like in your heart you need to do, but I’m just letting you know as a warning this is things I have to think of as a business owner.

“Well unfortunately, and most of my employees are Hispanic — I’m not gonna go into what kind of company I have, but I have mostly Hispanic employees — well unfortunately we know what happened and I can’t wait around anymore, I have to be proactive. I had to lay off 22 people today to make sure that my business is gonna thrive and I’m gonna be around for years to come. I have to build up that nest egg now for the taxes and regulations that are coming my way. Elections do have consequences, but so do choices. A choice you make every day has consequences and you know what, I’ve always put my employees first, but unfortunately today I have to put me and my family first, and you watch what’s gonna happen. I’m just one guy with 114 employees — well was 114 employees — watch what happens in the next six months. The Dow alone lost 314 points today. There’s a tsunami coming and if you didn’t think this election had consequences, just wait.”
Click to expand...
Sounds like that guy runs a health insurance company.
 
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