11-04-2006, 04:26 PM | #1 (permalink) |
Upright
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Deficit Economy Booming
The last time the deficit was high and Republican Speaker of the House Newt Gingrich lead President Clinton and the country out of it, it happened faster than expected. It may not happen as fast this time, but it will go away. Percentage-wise, it's not as high as most of our mortgages. Other than that the economy is booming. Unemployment at 4.4%!
The gap between the poor and the rich may be increasing, but our "poor" are looking increasingly richer than most of the world. |
11-04-2006, 05:39 PM | #2 (permalink) |
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A) If you seriously think Gingrich was responsible for eliminating the deficit. . . there's not a whole lot we can do to help you.
B) The 4.4% unemployment number is bullshit, and is designed to trick you. I see it worked. Sure, it's 4.4% unemployment, which by the way is not down from the 3.9% Clinton got in September of 2000. Two problems: 1) you want some unemployment in an economy - otherwise it can't grow. 2) While the numbers look good on the surface, when you realize that Bush and his policies have elimintated scores of well paying middle class jobs and have replaced them with jobs at Walmart, where "living wage" is considered a swear word, things don't look as good. So now we have Bush, still at a higher unemployment level than Clinton, and with more low-wage jobs than Clinton had, and you sit there and tell us the economy is rosy? And I'm confused as to why you think increasing the gap between the poor and the rich is a good idea, no matter what the rest of the world looks like by comparison. If you're poor and you think increasing your poverty level is good then again, there's no help for you. If you're rich and you think increasing the gap is good, you should realize that there are a lot more poor people than there are rich people and eventually they're going to get pissed and do something about it. Plus, our poor are looking increasingly richer only if you compare them to 3rd world countries. Running around cheering that "our poor are living better than starving people in 3rd world countries!" does not sound like a ringing endorsement for current economic policies to me. Last edited by shakran; 11-04-2006 at 05:49 PM.. |
11-04-2006, 09:27 PM | #3 (permalink) | |
Lennonite Priest
Location: Mansfield, Ohio USA
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God I love when people say
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?" |
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11-04-2006, 11:15 PM | #4 (permalink) | |
will always be an Alyson Hanniganite
Location: In the dust of the archives
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Unemployment figures do not mean a damn thing. They are calculated based upon the number of people that are enrolled for unemployment benefits. Those benefits expire, and enrolees are dropped from the tally. Also, you have to factor in the fact that as more and more relatively well paying manufacturing jobs are moved offshore, those that were employed in those jobs are now having to resort to accepting much lower paying positions.
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"I distrust those people who know so well what God wants them to do because I notice it always coincides with their own desires." - Susan B. Anthony "Hedonism with rules isn't hedonism at all, it's the Republican party." - JumpinJesus It is indisputable that true beauty lies within...but a nice rack sure doesn't hurt. |
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11-05-2006, 09:13 AM | #5 (permalink) | |
Unbelievable
Location: Grants Pass OR
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11-05-2006, 10:23 AM | #6 (permalink) |
Location: Washington DC
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CJ....you are very fortunate.
Real median income is still slighly lower today than it was 5 years ago and the number of people in poverty has increased in each of the last 5 years (after dropping in each of the 4 years before that).
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"The perfect is the enemy of the good." ~ Voltaire |
11-05-2006, 10:43 AM | #7 (permalink) | |
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11-05-2006, 03:12 PM | #8 (permalink) | |
Unbelievable
Location: Grants Pass OR
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11-05-2006, 08:40 PM | #11 (permalink) |
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it's in an unsustainable upswing. Any time you have the bottom 40% scrapping for 3% of the wealth your economy is in trouble. Any time you've borrowed TRILLIONS of dollars your economy is in trouble. Any time you've failed to prepare for a mass retirement that's going to start in 7 or so years when the baby boomers reach that age, your economy is in trouble.
So yes, I would say it's in the shitter, and it's swirling around the bowl as we speak. It just hasn't completely gotten down the drain. Yet. |
11-05-2006, 09:20 PM | #13 (permalink) | ||||
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<img src="http://photos1.blogger.com/hello/101/3984/1024/EPIJobs2.jpg"> http://globaleconomicanalysis.blogsp...ants-jobs.html <b>A Job Prospect Lures, Then Frustrates, Thousands</b> <img src="http://graphics8.nytimes.com/images/2006/11/04/nyregion/04jobs600.1.jpg"> Andrea Mohin/The New York Times <i>Several thousand people lined up in Manhattan Friday, many for hours, to apply for some 200 jobs at a new Times Square candy store to open next month.</i> Quote:
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11-05-2006, 11:44 PM | #14 (permalink) |
Upright
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I hate to slow down to get into great details the day before an election so I'll just say this...
The economy was clearly slowing down before Bush took over, the dot com bubble had burst and the market was in retreat. Then there was 911, and the wars. But I have to say something is wrong in your calculations when you reference the present to the great depression and what happen after a natural disaster. Most people have great creature comforts and eat very well in this country despite how much Bill Gates has. I don't need statistics to know that, I see the "poor" at Wal-mart buying video games all the time. Goods and services are cheaper now as well. Does that not count? Btw, that's some giant candy store, isn't it? "Brother, can you spare a dime." |
11-06-2006, 05:41 AM | #15 (permalink) | ||||||
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Now to be fair both Host and I are using admittedly old data. Both of our figures come from 2001 wealth distribution surveys. He's already cited his - mine comes from the Survey of Consumer Finances conducted by the Federal Reserve. I chose the more conservative one to be on the safe side, but in reality the 2006 numbers are very likely much worse than either one of our figures. Quote:
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And most people do not eat very well - they have to buy cheap foods, which means highly processed foods and fast foods. It's a lot more expensive to eat healthy foods. Quote:
Sure crap goods are cheap. You can get ramen for next to nothing, but have fun with your weight management if that kind of thing is all you eat. Quote:
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11-06-2006, 06:39 AM | #17 (permalink) | |
Junkie
Location: Ventura County
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Welcome to the forum. You are correct in your observation about the economy. Be prepared - anytime you present good news about the economy you are going to get blasted from people focused on the negatives.
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"Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers." |
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11-06-2006, 06:58 AM | #18 (permalink) | |
Darth Papa
Location: Yonder
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I'm not focused on the negative. I'm focused on change. That's very, very positive. |
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11-06-2006, 07:08 AM | #19 (permalink) | |
Junkie
Location: Ventura County
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You say you want change. What do you want: High inflation, high unemployment, low productivity, no growth in housing prices, stock market crash, no job creation, and higher taxes. Perhaps it would be easier for you to move to France.
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"Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers." |
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11-06-2006, 07:14 AM | #20 (permalink) | |
Location: Washington DC
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Ace....when you and Isaiah make insensitive,if not absurd, comments that our "poor" are better off than those in Darfur or are looking increasingly richer than most of the world, why is it negative to point out the facts about poverty in America.
The number of people in poverty in the US went down in most of the 90s to 32 million in 2001, then increased in each of the last four years to 37 million in 2005? http://www.census.gov/hhes/www/pover...pov05fig04.pdf (pdf file) Maybe you can also provide economic indicators that the middle class is better off in this "booming" economy then it was 5 years ago. (no anectdote please). Quote:
http://www.sciencedaily.com/releases...1029093925.htm
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"The perfect is the enemy of the good." ~ Voltaire Last edited by dc_dux; 11-06-2006 at 07:32 AM.. |
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11-06-2006, 08:39 AM | #21 (permalink) | ||
Darth Papa
Location: Yonder
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11-06-2006, 09:04 AM | #22 (permalink) | |
will always be an Alyson Hanniganite
Location: In the dust of the archives
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Think about it. If Visa & Mastercard are still willing to send me preapproved applications...then I must be ok. Right? Right? Right?
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"I distrust those people who know so well what God wants them to do because I notice it always coincides with their own desires." - Susan B. Anthony "Hedonism with rules isn't hedonism at all, it's the Republican party." - JumpinJesus It is indisputable that true beauty lies within...but a nice rack sure doesn't hurt. |
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11-06-2006, 10:56 AM | #23 (permalink) |
Crazy
Location: South Florida
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I really like the people aho say something and then back it up with proof.
Not those people who say something and expect everybody to believe because they said it. If you are going to try and pass something off as fact, then show us where you are getting your information please.
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"Two men: one thinks he can. One thinks he cannot. They are Both Right." |
11-06-2006, 12:46 PM | #24 (permalink) | |
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As an aside.
Specifically relating to the pic of the line-up for jobs at the candy store? Any idea how many of the people lined up are jobless? I think (this is my opinion) it is more likely people in crappy jobs that lines up. I know, it does not make a difference, these people are still in the lower income class and it does not have an impact on this thread, but... This is not just any "candy store". Look it up, it is for the new M&M store in Manhattan. There is a draw to this job becuase it is percieved as an exciting place to work. (think FAO or Disney Store). On top of that look what they were promised according to the ad that brought everybody out there: http://www.nytimes.com/2006/11/04/nyregion/04jobs.html Quote:
/tangent
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11-06-2006, 12:51 PM | #25 (permalink) | |||||
Junkie
Location: Ventura County
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"Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers." |
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11-06-2006, 01:33 PM | #26 (permalink) |
Location: Washington DC
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Ace....I did get a laugh out of your last question....."How do you explain the weight gain by Americans if hunger is up 43%?". But in fact its not funny at all, but a quite sad commentary on your understanding of poverty and hunger.
Your entire last post is a "loaded" response and not worthy of further discussion. Pat yourself on the back and declare yourself the victor.
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"The perfect is the enemy of the good." ~ Voltaire |
11-06-2006, 01:36 PM | #27 (permalink) |
Junkie
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Ok lets look at a hypothetical situation. Let's say I decide to use my credit cards to build a new house, in doing so i build up $200,000 debt. But in the process of building the house I pay my kids to do some chores that involve the building the house. My children's income has gone way up but 2 months from now when the creditors knock on my door will the extra money my children made make any difference?
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11-06-2006, 01:56 PM | #28 (permalink) | |
Junkie
Location: Ventura County
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Assuming all other things equal If you build a $200,000 house and you pay your children $100,000 but they added no value, what do you really have? A $200,000 house. So when the creditors come you can only sell the house for $200,000 and you get screwed (unless they give back the money) On the otherhand. If you build a $200, 000 house and you pay your children $100,000 and they added $200,000 in value. What do you have? Either a $200,000 and your cost was $100,000. Or a $400,000 house and your cost was $300,000. When the creditors come knocking, you sell for a $100,000 profit, and your kids made $100,000 - Brilliant! Brilliant!
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"Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers." |
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11-06-2006, 05:32 PM | #29 (permalink) | |
Junkie
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If you think what i'm saying is far fetched, bombs and munitions are expendables and do not retain value. Also Halliburton is charging the US government $45 for a 6 pack of coke, i wonder what they are charging for other things... |
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11-07-2006, 09:20 AM | #30 (permalink) | ||||||
Junkie
Location: Ventura County
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If you spent the money on goods that don't retain their value, I hope you at least had some enjoyment from the goods, but again, the guy who sold you the goods got cash and hopefully you got enjoyment. Looks like you will have to work to pay your debt. Quote:
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Sometimes I wish I had military contracts, then I think it is easier just to buy stock in Haliburton (symbol: HAL)
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"Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers." |
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11-07-2006, 09:45 AM | #31 (permalink) | ||
Junkie
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11-08-2006, 07:25 AM | #32 (permalink) | |
Junkie
Location: Ventura County
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__________________
"Democracy is two wolves and a sheep voting on lunch." "It is useless for the sheep to pass resolutions on vegetarianism while the wolf is of a different opinion." "If you live among wolves you have to act like one." "A lady screams at the mouse but smiles at the wolf. A gentleman is a wolf who sends flowers." |
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booming, deficit, economy |
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