Posted on 11/10/2014 8:19:53 AM PST by SeekAndFind
If I am going to break even I have to make my money before the 15th. Because after that business dies off to a trickle.
When I started it up business was steady all month.
What the figures hide is that when you remove 10 $100k jobs and replace them with 20 $35k jobs, though you have doubled the number of jobs, the economy, nor the job situation has improved. They’ve gotten worse. The stat is worthless without that information.
RE: “G” is the sum of government spending
I’d like to see another measure called GDPP (GDP Private Sector ) to bring us into focus.
GDP = C + I + NX
Within the environment of the way numbers are calculated:
2nd Q numbers are inflated by almost 2%, from the 1st Q, which wasn’t as bad as stated.
That said, not everything is doom and gloom with the economy, in the sense that there are actual real improvements - from a base that is far worse than the headline numbers imply. The fundamentals of the U.S. economy have real strength, and just being allowed to adapt releases more funds, along with the promise of further neutering of the Obama administration being cooked in at this point.
THAT said, at best, the economy is generally about where it should have been in early 2011 without the government “help”, with some segments which are lagging behind even that - and some permenantly issues, like the extra 4 million+ on disability, excess early retirements, and a debt that will consume about 700-800 billion more a year if the economy actually recovers and interest rates are allowed to return to normal.
Yes. The “better” jobs picture has the same reality as Obama’s skittles pooping unicorn.
Excellent point. 20 (let’s say 30) people at $35K have close to zero — maybe less than zero — disposable income. 10 people at $100K are sitting pretty.
The numbers ARE better. It’s the “better than what” that is in dispute. They are better than they have been within the last few years, but not anywhere near what they had been previously, nor where they should have been even without a “stimulus” or the other Obama administration attempts to “help”.
Needed repeated — and bolding.
It’s hard to sell people a piece of Carp wrapped in in pretty wrapper and call it candy when all the people out there are living with the taste of carp in their mouths everyday. Or more simply, you can’t make a person that is unemployed or underemployed believe that the economy is better.
It’s an excellent job market folks. That is, if you’re looking for part-time work only. The true picture of the job market is the 90 million plus Americans out of the workforce. It is the 50 million plus on public assistance. The vast majority of Americans know it sucks right now and it will get worse the next two years.
The “jobs picture” was photoshopped.
It’s an excellent jobs market for two separate tiers — the TOP and the BOTTOM tier.
The middle tier are the ones who are falling out.
Can you say, “McJobs”?
Let's reorder and revise this, as I'm sure I see a sign error there.
GDP = C + I + NX - GThere, that looks much better to me.
But that would only offer a partial view of the economy. When the US government orders airplanes and ships, thousands of private firms engage in commerce. When your local or state government upgrades computers or builds buildings, thousands of private employees are employed. The danger, of course is when it is heavily government social spending that “lifts” the economy out of a recession. It is misleading. That’s why roads and bridge are the quickest way to create jobs - there’s plenty of broken stuff in the pipeline. But folks think things are recovered when only government deficit spending is growing GDP.
It’s an excellent jobs market for two separate tiers — the TOP and the BOTTOM tier.
That being said, I’m in IT and I updated my resume on Linkedin and within a day I had a ton of inquiries, one of which lured me away from my current job (beginning the new one next month).
The 25 year old son living in your basement is the more meaningful statistic.
Because "the People" can look around every small-, medium-, and large-size town in America and see that "progressive" (as in "regressive") policies killed American manufacturing and, thus, America's jobs: "the People" have not been so "dumbed down" by academia and the propaganda being fed to their high school and college students that they believe the statistics created by a "progressive" Administration.
"The People" believe the only reliable statistics available to them--the jobs that members of their families don't have, couldn't get, and whose numbers now have been deleted from the so-called "statistics" this Administration uses to prop up its delusional fantasy of an "improved economy."
The numbers are crap and mean nothing to the average Joe. The fact that I still have a job makes me feel fortunate and a bit guilty knowing that some others aren't as fortunate (including some of my immediate family) and really hurting (as witnessed by the empty houses).
Until the fear of unemployment and contraction is gone, my world says the numbers are BS.
I gotta say that if my only perspective on the jobs market was the status of my family, I’d think the economy was booming. Six adult kids all doing VERY well. And only three of them have college. Same thing with my siblings.
But I see it as a God thing.
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