President Obama just gave an interesting press conference on the contracting economy

[4est_4est_Gump]

He has a recipe to fix it.

Shovel ready jobs and using the low interest rates to take on more debt for spending and the beneficence of multipliers...

Amazing!

 

[Que]

So, Bush's fault?

 

[Lancecastor]

Obama is just about shovel-ready, so it makes sense.

 

[Adre]

Fortunately our infrastructure is up to date and needs no work to keep it functioning far into the future.

 

[4est_4est_Gump]

Says Malachi Constant, "I was a victim of a series of accidents, as are we all."

 

[4est_4est_Gump]

Remember when he laughingly confessed, it seems not all those jobs were actually shovel-ready...



No new answers. When Keynesian policies fail, you blame the niggardly amount that you borrowed and spent.

 

[Ubiquitious_too]

Says Malachi Constant, "I was a victim of a series of accidents, as are we all."

The last shovel-ready crap provided lots of debt- and no improvement.
The Jug-Eared Jackass is 'shovel ready' from Office.

 

[4est_4est_Gump]

It will work this time.


:nods:

 

[miles]

Contracting????

He rescued us from the brink of another Great Depression!

 

[4est_4est_Gump]

And now, those dastardly Republicans won't do what he tells them because they want to sink the economy to win an election...



Now, of course, he's going to put his pen and phone away.

 

[NOIRTRASH]

Why cant we all just go to Canada?

 

[RobDownSouth]

He has a recipe to fix it.

Shovel ready jobs and using the low interest rates to take on more debt for spending and the beneficence of multipliers...

Amazing!

Had you attended an accredited college, you might have learned about something called "Keynesian economic theory" in Econ 101. It was most recently used to bring America out of the Bush Recession (you might recall it as "the Stimulus").

 

[Busybody]

he will invest in new shovels

 

[4est_4est_Gump]

Why cant we all just go to Canada?

Why Kant Canada here?

 

[4est_4est_Gump]

he will invest in new shovels

Says John Maynard Keynes, "Why don't you just give them thimbles [that will create a lot more jobs]?"

 

[RobDownSouth]

Contracting????

He rescued us from the brink of another Great Depression!

He certainly did, Miles Ben Zonah, and America has its longest sustained economic recovery since 1945 under President Obama's terms, despite the continual claims of you and AJ to the contrary.

 

[miles]

Meanwhile 94,000,000,000 are out of the work force....

 

[4est_4est_Gump]

Meanwhile 94,000,000,000 are out of the work force....

They "retired."

When they "retired," they took their jobs with them...

Probably to Cancun.

 

[miles]

Yeah....that's the ticket.

Kind of like the way they cook the books on unemployment.

 

[4est_4est_Gump]

When the numbers, take immigration, for example, are not on your side, redefine your metric.

 

[miles]

Kind of like the way they redefine the English language.

 

[RobDownSouth]

Meanwhile 94,000,000,000 are out of the work force....

Explaining the "but...but...94 million people aren't working" talking point favored by Trump supporters.

Meanwhile, back in the reality-based world, the unemployment rate is a very low 5.5%.

(Cue the "but...but...U-6!" diatribes)

 

[Sean Renaud]

Meanwhile 94,000,000,000 are out of the work force....

Every person in the history of mankind is out of the work force? Holy shit someone tell everybody at work that it's a trick! They aren't employed.

 

[MNGuy]

Invest in ATLO, makers of True Temper shovels. Up 0.3% today.

 

[RobDownSouth]

Every person in the history of mankind is out of the work force? Holy shit someone tell everybody at work that it's a trick! They aren't employed.

It's PatriotMath™, Sean. Millions, Billions, Trillions: all teh same if you really Really REALLY want them to be.

Meanwhile, Job market for recent high school grads is still not very good, but the job market for recent college grads is the best in a decade.