What is the matter with the people on this site?
The economy IS growing, and by a lot more than .1%. Maybe something like 2% this year.
Proof? Simple. Actual, collected withholding and income taxes are up about 7% year-over-year. Fact. Withholding taxes aren’t paid over to the feds unless they have to be because the employment and the associated withholding took place. Don’t believe it? See the daily Treasury reports.
Why is that? Because the underlying U.S. economy is so strong and resilient that it can resist and overcome even the worst that the sh!tbags in the jug-ears administration can throw at it. And they’ve thrown an amazing amount of crap at it in the last 5 years.
The DJIA just made a new all-time high. Why? The market is discounting the wholesale slaughter of Democrats in November and a probable Republican win in 2016. The pain of what will be 8 years of BS from jug-ears is slowly coming to an end and it’s starting to become obvious.
Will a semi-decent economy, still recovering at a pitiful rate relative to what it should be benefit Democrats in November? Not a chance.
Joe 6-pack understands that he’s not better off. Capital investment sucks, new business creation sucks, job creation consists mostly of relatively low-pay jobs, and unemployment is down only because people have left the labor force. People are sick and tired of 5 years of failed liberal crapola.
The era of BS is about to end and the market is saying so. Reality is that the 2% growth economy will improve once it’s clear that jug-ears has been totally neutered in November.
But, that’s no reason to deny that this economy is currently expanding and has been for years — even though it’s at half the rate (or less) than it should be. Our economy is capable of withstanding much more than one passing totally clueless moron in the White House.
By what measure? GDP? GDP is a meaningless made up number that is rigged to always overstate the growth of the economy.
Yes, it is expanding!
Provided, of course, you define 'expanding' as extremely higher inflation, with no salary increases to offset it; many new part-time jobs with an equivalent loss of full-time jobs; and a stock market that is higher because the dollar is devaluing. WHOO HOO! PARTY TIME!
Yeah, but...the rate on the so called wealthy (over 250k) is way up. As is inflation thanks to massive government printing. Let's see if the collections are up next year as well.
On the bright side, corn prices are expected to keep dropping which means our gas will be cheaper when we have to buy more of it because of all the ethanol they're putting in the pump.
Is the economy really growing? Or is it that the dollar value of the produced goods are expanding due to inflation? I know the regime is saying that the inflation rate is about 1.5%.
That’s crap.
My grocery bill has doubled in the last 4 years. And I’m not buying as many groceries.