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Obama Boom

KLATTU said:
So even less turnover in the work force? Yikes.

You're scaring me!
LOL
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Hey...work force turnover is expensive! You must serve your wage masters for even more time!!!!
 
KLATTU said:
So even less turnover in the work force? Yikes.

You're scaring me!
LOL
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However, think about how long it takes to reach a level of better financial security and to reach a point where you are comfortable with what you have and where you are. You wouldn't want to extend the period of time where you are either without kids or they are less reliant on your support and you're able to drive a nice car, have a house closer to what you want, ect? As it stands now, we basically get to that point with just enough time to start falling apart.
 
I think whether you see a booming economy or an economy that's been in the doldrums for years is all about where you live. In most of our cities, the economy is indeed booming. This is particularly true with the highly skilled economy. For example, here in the KC area there is more construction than there are workers and equipment to do it.

However, in much of rural and small town America the economy has been stagnant at best for years if not decades. Factories have either closed or automated the majority of their workers out of business, smaller businesses have been bought out and consolidated to urban centers, and the effects of that have been rampant in terms of stagnant property values, underfunded infrastructure and schools, less construction, more educated people moving out and so on.

The thing is, this economic contrast between urban and small town / rural is not a phenomena unique to the United States. Its true everywhere in the developed and developing world. Its the case everywhere regardless of whether you are in the US, Canada, Western Europe, or China. We have actually been fortunate in America because we have weathered this economic transformation / transition much better than any of our peer nations. While our economic growth has not been that great since the Great Recession, we have still enjoyed stronger and more consistent growth than any large developed nation on earth.
 
SouthernDemocrat said:
I think whether you see a booming economy or an economy that's been in the doldrums for years is all about where you live. In most of our cities, the economy is indeed booming. This is particularly true with the highly skilled economy. For example, here in the KC area there is more construction than there are workers and equipment to do it.

However, in much of rural and small town America the economy has been stagnant at best for years if not decades. Factories have either closed or automated the majority of their workers out of business, smaller businesses have been bought out and consolidated to urban centers, and the effects of that have been rampant in terms of stagnant property values, underfunded infrastructure and schools, less construction, more educated people moving out and so on.

The thing is, this economic contrast between urban and small town / rural is not a phenomena unique to the United States. Its true everywhere in the developed and developing world. Its the case everywhere regardless of whether you are in the US, Canada, Western Europe, or China. We have actually been fortunate in America because we have weathered this economic transformation / transition much better than any of our peer nations. While our economic growth has not been that great since the Great Recession, we have still enjoyed stronger and more consistent growth than any large developed nation on earth.
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Pretty much why Trump was able to convince millions of people that the country and economy was in the dumps. They took their personal perspective of their local area and bought into the idea that the entire country had the same issues. I can't go to a business in my city and be further than a rock's throw from a "help needed" sign, but if I drive out to Flint, Michigan I might not be able to find a job in 20 miles in either direction. In a sense it is the distribution of economic growth that is a major issue and Trump seized on it when Clinton failed to see it. As a whole the country is doing great but some areas haven't seen any of those benefits or have even seen things get worse.
 
CriticalThought said:
Trump seized on it when Clinton failed to see it.
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Major portions of HC's campaign was about wage inequality/growth and programs to address it, she wasn't making insane claims about bringing back coal jobs. The idea that her campaign "failed to see" that parts of the nation have lost jobs, well, yer not thinking critically...at all.
 
Gimmesometruth said:
Major portions of HC's campaign was about wage inequality/growth and programs to address it, she wasn't making insane claims about bringing back coal jobs. The idea that her campaign "failed to see" that parts of the nation have lost jobs, well, yer not thinking critically...at all.
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Those "insane claims" are exactly what those areas wanted to hear. Yes, she understood the issue, but she did not understand the people who were most affected by it. She lost white, working class voters who had experienced the brunt of it and seen little to no help.
 
Kinda looks to me like maybe once the elite figured out that Trump was going to be a problem that they primed the pump big time....but it kicked in too late to even maybe work, and it might not have worked anyways because so many people no longer believe the numbers that get recited.
 
CriticalThought said:
Those "insane claims" are exactly what those areas wanted to hear.
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They, more than anyone else should have known that they were at the mercy of world prices, namely natural gas, and that they had the highest levels of employment in a long time under Obama until gas prices undercut coal. Dump wants more fracking, that only makes coals plight worse.


Yes, she understood the issue, but she did not understand the people who were most affected by it. She lost white, working class voters who had experienced the brunt of it and seen little to no help.
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White males...and con white women...were not interested in facts, they preferred the lies from the ***** grabber.
 
Hawkeye10 said:
Kinda looks to me like maybe once the elite figured out that Trump was going to be a problem that they primed the pump big time....but it kicked in too late to even maybe work, and it might not have worked anyways because so many people no longer believe the numbers that get recited.
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I guess if they have been worried about Trump since late 2010 that makes sense.


Unemployment down...

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Stocks up....

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Housing prices up...

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Contrary to what Trump told people, the U.S. economy is in good shape and the trend has been in that direction for the last 6 years. Certain areas of the country simply haven't recovered and those are the areas Trump used to win the votes he needed to flip some swing states and take the electoral college.
 
Gimmesometruth said:
They, more than anyone else should have known that they were at the mercy of world prices, namely natural gas, and that they had the highest levels of employment in a long time under Obama until gas prices undercut coal. Dump wants more fracking, that only makes coals plight worse.


White males...and con white women...were not interested in facts, they preferred the lies from the ***** grabber.
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If you are an uneducated, white worker who lost a $30 an hour manufacturing job and have been getting by on minimum wage work for years, then there are probably a whole bunch of lies you are willing to swallow if you believe your old job will be coming back from Mexico.
 
CriticalThought said:
Contrary to what Trump told people, the U.S. economy is in good shape and the trend has been in that direction for the last 6 years. Certain areas of the country simply haven't recovered and those are the areas Trump used to win the votes he needed to flip some swing states and take the electoral college.
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I find it cute that you are showing me that a full decade after the collapse of the housing market it is not yet all the way back....as we are very likely on the cusp of the next Recession/Depression....that you honestly claim to be delivering good news.
 
Hawkeye10 said:
I find it cute that you are showing me that a full decade after the collapse of the housing market it is not yet all the way back....as we are very likely on the cusp of the next Recession/Depression....that you honestly claim to be delivering good news.
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The housing market went into an unprecedented bubble which set off one of the worse recessions the country had seen. It would be a bad idea to look at 2006 housing prices and assume it was a healthy market or even that prices tell you anything about the composition of the market. There were millions of sub prime mortgages. The current market is much more solid, especially as hesitant as banks have been to lend money. I would say the housing market has far surpassed where it was in 2006, because even at lower prices, it is built on far superior debt.

I see no indication of a recession. If the Feds raised interest rates and it shook the stock market and housing market I would be worried, but the opposite is true. The Fed will have to raise rates soon to fend off banks lending out too much money too fast.
 
CriticalThought said:
If you are an uneducated, white worker who lost a $30 an hour manufacturing job and have been getting by on minimum wage work for years, then there are probably a whole bunch of lies you are willing to swallow if you believe your old job will be coming back from Mexico.
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Is that supposed to be an answer? An excuse? WTF does believing in a lie do for them? It isn't raising their wage. What is your point?
 
Gimmesometruth said:
Is that supposed to be an answer? An excuse? WTF does believing in a lie do for them? It isn't raising their wage. What is your point?
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Empathize, don't judge. If you don't understand why they would vote against their own interests, then you can't craft the message to sway them to think better next time.
 
CriticalThought said:
Trump inherits Obama boom - POLITICO



I hope history remembers Obama for his accomplishments. He was far from perfect but he inherited a crisis and is passing on a booming economy. The economy is boiling faster than the Fed can raise rates, which is where it needs to be and I would hate to see Trump screw it up.
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Of all my fears of Trump, him wrecking the stable economy is the biggest. Not just him, but the him & GOP.
 
CriticalThought said:
Empathize, don't judge. If you don't understand why they would vote against their own interests, then you can't craft the message to sway them to think better next time.
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The message is supposed to be truth, not BS, not lies, not fantasies about bring back coal jobs that will never happen. They were never voting in their interests, that is not what Dump presented, he presented a lie.
 
Kushinator said:
If i increase the 6 values to 7, and increase the set by 7 numbers
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Did we get a 35% increase in low wage jobs in America under Obama?
 
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Chomsky said:
Of all my fears of Trump, him wrecking the stable economy is the biggest. Not just him, but the him & GOP.
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Well, we certainly are going to see the debt go up rapidly....
 
TurtleDude said:
interesting libertarian perspective-especially given the disaster of the Obama care nonsense and the fact that the real unemployment rate has been an abomination for 8 years
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Do tell... help us understand the so-called 'real unemployment rate'.... it is supposedly 3.5% in my state, and I can't find the 3.5%... the real rate seems to be almost 'nil'


CriticalThought said:
Pretty much why Trump was able to convince millions of people that the country and economy was in the dumps. They took their personal perspective of their local area and bought into the idea that the entire country had the same issues. I can't go to a business in my city and be further than a rock's throw from a "help needed" sign, but if I drive out to Flint, Michigan I might not be able to find a job in 20 miles in either direction. In a sense it is the distribution of economic growth that is a major issue and Trump seized on it when Clinton failed to see it. As a whole the country is doing great but some areas haven't seen any of those benefits or have even seen things get worse.
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Yes, actually I could use a good recession to free up enough workers so that I can hire again.
 
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Orly? said:
Did we get a 35% increase in jobs in America under Obama?
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Does it matter? Nope.

If 14 million jobs were created @ the minimum wage level, it would be an extremely difficult argument to claim minimum wage is responsible for overall wage increases, even in the event of an increase of the MW.
 
Fishking said:
Remember when Trump saved jobs
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Saved some jobs, through basic bribery. Trump would have to pull of a Carrier deal every week for 30 years to match the job savings of the stimulus.
 
Kobie said:
Saved some jobs, through basic bribery. Trump would have to pull of a Carrier deal every week for 30 years to match the job savings of the stimulus.
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Might as well press this point: Job creation from February 2010 has averaged more than 6100/day.
 
Hawkeye10 said:
I find it cute that you are showing me that a full decade after the collapse of the housing market it is not yet all the way back....as we are very likely on the cusp of the next Recession/Depression....that you honestly claim to be delivering good news.
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I've been hearing that since 2009. Let me guess, Zero Hedge, which has accurately predicted 40 of the last 2 recessions?
 
Kushinator said:
Does it matter? Nope.

If 14 million jobs were created @ the minimum wage level, it would be an extremely difficult argument to claim minimum wage is responsible for overall wage increases, even in the event of an increase of the MW.
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Well. you know, a funny thing about math is that you can actually do it and find out facts..

In this case it is about relative percentages.. So, what percent did bo grow low income jobs relative to existing jobs? In real life..

In your example you grew minimum wage jobs by a whopping 35%.. What is it really?
 
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