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Thread: Obama State of the Union

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    Re: Obama State of the Union

    [quote]
    Quote Originally Posted by Conservative View Post
    Actually most of it is replenishment of inventory and the growth in govt. spending on things such as first time home buyer credits. There was no net gain in revenue to the govt. because there was no real job creation or private sector economic growth. I did not see Cramer so not sure what he said.
    From the link it looks like the jobless rate fell to 9.7 in January and it kinda looks like it will be dropping to 9.5,at least that’s what their projecting for February.
    Go to bea.gov, Gross Domestic Product, interactive tables, Frequently Requested tables, GDP. See where the growth occurred.

    This economic growth was a mirage and unsustainable. If he doesn't do something to get the private sector moving all that gain will sink in a hurry. Obama economic plan is focused on growth of govt. not growth of the private sector where the real jobs are created.
    Looks like you have your crystal ball fixed eh?

    <. Payrolls fell by 20,000 last month after a 150,000 drop in December.>

    <Unemployment is projected to end the year at 9.5 percent, according to a Bloomberg survey.>

    <In other areas of the economy, today’s report showed a smaller trade deficit, which contributed 0.3 percentage point to fourth-quarter growth. Government spending fell at a 1.2 percent pace after a 2.6 percent increase the previous quarter.>
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama State of the Union

    [quote]donc;1058588924]

    From the link it looks like the jobless rate fell to 9.7 in January and it kinda looks like it will be dropping to 9.5,at least that’s what their projecting for February.
    Yep, that is what it looks like but the bureau of labor statistics paints a different picture. It provides the number of discouraged workers or individuals who have dropped out of the labor market. The 9.7% unemployment number isn't real and it is more like 16%. There are still 15 million Americans unemployed.

    Looks like you have your crystal ball fixed eh?

    <. Payrolls fell by 20,000 last month after a 150,000 drop in December.>

    <Unemployment is projected to end the year at 9.5 percent, according to a Bloomberg survey.>
    So after a year and a 800 plus billion stimulus program the unemployment rate is still close to 10%? You call that a good thing?

    <In other areas of the economy, today’s report showed a smaller trade deficit, which contributed 0.3 percentage point to fourth-quarter growth. Government spending fell at a 1.2 percent pace after a 2.6 percent increase the previous quarter.>
    I understand your desire to make the economy look better than it is but the reality just doesn't support your point of view. The right economic policy would have had us out of this mess by now. The majority in this country just do not share your enthusiasm and the facts actually support that negative point of view.

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    Re: Obama State of the Union

    [quote][QUOTE=Conservative;1058588934]
    donc;1058588924]

    Yep, that is what it looks like but the bureau of labor statistics paints a different picture. It provides the number of discouraged workers or individuals who have dropped out of the labor market. The 9.7% unemployment number isn't real and it is more like 16%. There are still 15 million Americans unemployed.
    Hhmm…kinda looks like 170,000 thousand of those discouraged workers found employment doesn’t it?

    <<. Payrolls fell by 20,000 last month after a 150,000 drop in December.>



    So after a year and a 800 plus billion stimulus program the unemployment rate is still close to 10%? You call that a good thing?
    It looks like its going in the right direction for a change. Why do you hate it when the economy starts is picking up and your fellow Americans get back to work?



    I understand your desire to make the economy look better than it is but the reality just doesn't support your point of view. The right economic policy would have had us out of this mess by now. The majority in this country just do not share your enthusiasm and the facts actually support that negative point of view.
    When all else fails, bloviate.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama State of the Union

    [quote=donc;1058588924]

    From the link it looks like the jobless rate fell to 9.7 in January and it kinda looks like it will be dropping to 9.5,at least that’s what their projecting for February.


    Looks like you have your crystal ball fixed eh?

    <. Payrolls fell by 20,000 last month after a 150,000 drop in December.>

    <Unemployment is projected to end the year at 9.5 percent, according to a Bloomberg survey.>

    <In other areas of the economy, today’s report showed a smaller trade deficit, which contributed 0.3 percentage point to fourth-quarter growth. Government spending fell at a 1.2 percent pace after a 2.6 percent increase the previous quarter.>
    You have selective data.

    FOXNews.com - Employers Took 1, 761 Mass Layoffs in January


    Employers made 1, 761 mass layoffs in January, according to data released Tuesday by the Bureau of Labor Statistics.

    January marks the first month-to-month increase in the number of mass layoffs since August 2009, indicating a grim employment forecast for Americans on the job hunt.

    Monthly mass layoff numbers are from establishments which have at least 50 initial claims for unemployment insurance filed against them during a 5-week period.

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    Re: Obama State of the Union

    [quote=donc;1058588966][quote]
    Quote Originally Posted by Conservative View Post

    Hhmm…kinda looks like 170,000 thousand of those discouraged workers found employment doesn’t it?

    <<. Payrolls fell by 20,000 last month after a 150,000 drop in December.>





    It looks like its going in the right direction for a change. Why do you hate it when the economy starts is picking up and your fellow Americans get back to work?





    When all else fails, bloviate.
    Nothing ever is going to change the mind of an ideologue. Only a true liberal believes that people dropping out of the labor market which makes the unemployment numbers look better is a good thing.

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    Re: Obama State of the Union

    [quote=donc;1058588966][quote]
    Quote Originally Posted by Conservative View Post

    Hhmm…kinda looks like 170,000 thousand of those discouraged workers found employment doesn’t it?

    <<. Payrolls fell by 20,000 last month after a 150,000 drop in December.>





    It looks like its going in the right direction for a change. Why do you hate it when the economy starts is picking up and your fellow Americans get back to work?





    When all else fails, bloviate.
    When all else fails you divert from the issues raised. Anyone that believes 15 million unemployed Americans and 9.7% unemployment rate is an improvement has no understanding of our economy, no sense of logic, common sense, and reality.

    Donc, wouldn't you expect some kind of improvement in unemployment after billions and billions of dollars spent yet the true numbers don't show much of an improvement?

    Our economy wasn't built on the principles of Obama, it was built on a private sector economy. Obama doesn't have a clue and quite frankly is incompetent when it comes to his economic understanding. Seems to me that his supporters lack an understanding as well.

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    Re: Obama State of the Union

    [quote=Conservative;1058589393][quote=donc;1058588966]

    When all else fails you divert from the issues raised. Anyone that believes 15 million unemployed Americans and 9.7% unemployment rate is an improvement has no understanding of our economy, no sense of logic, common sense, and reality.

    Donc, wouldn't you expect some kind of improvement in unemployment after billions and billions of dollars spent yet the true numbers don't show much of an improvement?

    Our economy wasn't built on the principles of Obama, it was built on a private sector economy. Obama doesn't have a clue and quite frankly is incompetent when it comes to his economic understanding. Seems to me that his supporters lack an understanding as well.

    When Obama took office the unemployment rate was 7.6%, it peaked at 10% now it is at 9.7%,kinda looks to me that number is going in the right direction, especially when you consider that in Dec of 09,we dropped 150,000 jobs, a month later it was a 20,000 job loss. The optimist in me sees a net gain of 120,000 jobs; add to that a shrinking deficient, what’s not to like about that report.

    Oh s***, I forgot who I was talking to, the doom and gloomer from the lone star, the person that wants the economy to fail for…well.. the only thing I can think of is ideological reasons. Perhaps he is a long time devotee of ("I hope Obama fails" ) rush. So sad, when someone gets so caught up in their ideological differences that they hope and pray for their President to fail and therefore the country to fail as well.
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama State of the Union

    [quote]donc;1058589434][quote=Conservative;1058589393]
    Quote Originally Posted by donc View Post


    When Obama took office the unemployment rate was 7.6%, it peaked at 10% now it is at 9.7%,kinda looks to me that number is going in the right direction, especially when you consider that in Dec of 09,we dropped 150,000 jobs, a month later it was a 20,000 job loss. The optimist in me sees a net gain of 120,000 jobs; add to that a shrinking deficient, what’s not to like about that report.
    What shrinking deficit? Are there ever any consequences in your world? You just don't think beyond the moment. What Obama is doing is unsustainable and will create massive inflation that most people will never be able to handle. The tax increase to cover his spending will destroy a lot of lives.

    Deficit in 2009 was over 1.4 trillion, 2010 it is projected at 1.6 trillion so where is the decrease in deficit? Where is the decrease in unemployment as more than 15 million are unemployed compared to the 12 million when he took office.

    You and the rest of the Obama supporters don't get it and never will. Your live for today attitude never addresses the consequences of that economic policy.

    Oh s***, I forgot who I was talking to, the doom and gloomer from the lone star, the person that wants the economy to fail for…well.. the only thing I can think of is ideological reasons. Perhaps he is a long time devotee of ("I hope Obama fails" ) rush. So sad, when someone gets so caught up in their ideological differences that they hope and pray for their President to fail and therefore the country to fail as well.
    I do indeed hope Obama fails based upon the economic policy he is implementing. It is impossible to sustain what he is doing and pay for all his spending. It isn't gloom and doom, it is reality.

    You and your ilk simply do not understand the ramifications of what he is doing and simply do not understand how to service that debt. Soon the interest on the debt will exceed the entire defense budget. How does that make you feel?

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    Re: Obama State of the Union

    quote Conservative

    What shrinking deficit? Are there ever any consequences in your world? You just don't think beyond the moment. What Obama is doing is unsustainable and will create massive inflation that most people will never be able to handle. The tax increase to cover his spending will destroy a lot of lives.

    Deficit in 2009 was over 1.4 trillion, 2010 it is projected at 1.6 trillion so where is the decrease in deficit? Where is the decrease in unemployment as more than 15 million are unemployed compared to the 12 million when he took office.

    You and the rest of the Obama supporters don't get it and never will. Your live for today attitude never addresses the consequences of that economic policy.



    I do indeed hope Obama fails based upon the economic policy he is implementing. It is impossible to sustain what he is doing and pay for all his spending. It isn't gloom and doom, it is reality.

    You and your ilk simply do not understand the ramifications of what he is doing and simply do not understand how to service that debt. Soon the interest on the debt will exceed the entire defense budget. How does that make you feel?


    It’s odd that you’re shrieking about a record deficit while conveniently forgetting that Obama inherited a $1.3 trillion deficit from the previous misadministration. As for your question. “What shrinking deficit?

    Here ya go; enjoy.

    < In other areas of the economy, today’s report showed a smaller trade deficit, which contributed 0.3-percentage point to fourth-quarter growth. >

    BEA National Economic Accounts
    The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labor of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants.Jean-Baptiste Say

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    Re: Obama State of the Union

    =donc;1058589741]It’s odd that you’re shrieking about a record deficit while conveniently forgetting that Obama inherited a $1.3 trillion deficit from the previous misadministration. As for your question. “What shrinking deficit?

    Here ya go; enjoy.

    < In other areas of the economy, today’s report showed a smaller trade deficit, which contributed 0.3-percentage point to fourth-quarter growth. >

    BEA National Economic Accounts
    You are kidding, right? You really aren't that poorly informed? Stop posting data that you do not understand.

    I have posted over and over again but obviously the Obama cult is incapable of understanding reality. Let's try again.

    Deficits are yearly, debt is cumulative. Ok so far?

    Fiscal year of the U.S. is October to September so fiscal year 2009 ran from October 1, 2008 to Sept. 30, 2009. With me so far?

    GW Bush submitted the 2009 budget and there wasn't a 1.3 trillion deficit in that budget but then came TARP, the 700 billion bank bailout. That had to be added to the deficit but Bush didn't spend all of TARP. He spent 350 billion and left 350 billion for Obama. With me so far?

    Bush Budget had to be approved by Congress of which Obama was part of. Obama voted FOR all the Bush spending including the TARP funding. I guess only in the liberal world do you vote for something but take no responsibility for it. Is that right?

    Anyway a little off on a tangent. Bush was in office from Oct. to January 20, 2009. Obama ran on the premise that he would go through the budget line by line and remove unnecessary spending and that would include the budget he started office under.

    There is no way that Bush created a 1.3 trillion deficit in 4 months. Still with me? Obama not only kept the Bush budget but added to it. Remember the 800+ billion Stimulus Plan that Obama signed in February? Where did that deficit go and whose was it? How about the GM/Chrysler bailout? Did GW Bush have anything to do with that? That spending was added to the fiscal year 2009 deficit thus it is intellectual dishonesty to claim that deficit is Bush's and thus it is a lie that it was the Bush deficit as it was the Bush/Obama/and Congressional deficit. Can you admit that?

    Ok, then comes fiscal year 2010 when Bush was back in TX, out of office. The Obama budget which Bush had nothing to do with is projected to have a 1.6trillion dollar deficit for fiscal year 2010 which is from Oct. 1, 2009 to Sept. 30, 2010. Then Obama submitted the 2011 budget which has a 1.3 trillion deficit and again Bush had nothing to do with it.

    So you can blame Bush and ignore Obama's deficits but to do so shows you to be the partisan Obama cult follower that you are.

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