Skip to comments.
A Weird Discrepancy In The US Economy Has Begun To Work Itself Out ... In A Bad Way
BI ^
| 4-5-2015
| Sam Ro
Posted on 04/06/2015 7:28:21 AM PDT by blam
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40 last
To: blam
I seem to recall Obama, in the 2012 election cycle, campaigning that he didn’t want Romney to win and take all the credit when the economy rebounded, since it was “positioned to make very significant GNP growth” (or whatever).
That’s the extent of his kind of ownership of this economy. Just position yourself to take credit, but as we’ve seen, the falsified employment numbers can’t truly hide the fact that our economy isn’t growing. You simply can’t have the 3% to 5% growth if there are so many missing workers (the denominator in the U3).
Of course, the media will never hold this administration to account.
21
posted on
04/06/2015 7:53:21 AM PDT
by
GreenAccord
(Bacon Akbar)
To: blam
From the article:
Among other things, US consumers have been increasingly saving their money rather than spending today. Even much of the gasoline savings, which economists expected to be a big spending stimulus, do not seem to be flowing back into the economy.
IMHO, people are afraid of what is coming. Better to have a few bucks saved than to get caught short.
22
posted on
04/06/2015 7:53:37 AM PDT
by
upchuck
(The current Federal Governent is what the Founding Fathers tried to prevent. WAKE UP!! Amendment V.)
To: arthurus
23
posted on
04/06/2015 7:53:46 AM PDT
by
spokeshave
(He has erected a multitude of New Offices, and sent hither swarms of Officers to harass our people,)
To: KC_Conspirator
So next month when they report 200k jobs it will be reported as month/month increase of 74k , instead of the truly low growth that it is.
24
posted on
04/06/2015 7:55:02 AM PDT
by
steelie
(Still Right Thinking)
To: upchuck
Among other things, US consumers have been increasingly saving their money rather than spending today. Even much of the gasoline savings, which economists expected to be a big spending stimulus, do not seem to be flowing back into the economy. Wasn't there a study that showed that gas savings were redirected into increased health insurance costs?
25
posted on
04/06/2015 8:02:08 AM PDT
by
MortMan
(All those in favor of gun control raise both hands!)
To: steelie
I am sick of being lied to. I swear we live in a Age of Lies.
To: spokeshave
27
posted on
04/06/2015 8:10:43 AM PDT
by
subterfuge
(Minneseeota: the laughingstock of the nation - for lots of reasons!)
To: DanielRedfoot
Yup-They don't get it BOTH ways with me!
They're NOT going to tax me to the point of radical mastectomy THEN get me to subsidize their BS economy as well!
N O TTTTTTTTTTTTTTTTTTTTTTTTTTTT!
28
posted on
04/06/2015 8:16:43 AM PDT
by
SMARTY
("When you blame others, you give up your power to change." Robert Anthony)
To: SMARTY
Lovin that tag line...gotta remember that
29
posted on
04/06/2015 8:22:06 AM PDT
by
DanielRedfoot
(Creepy Ass Cracker)
To: blam
Savings is capital.
Without capital you cannot have Capitalism.
Duh
30
posted on
04/06/2015 8:23:23 AM PDT
by
Lorianne
(fed pork, bailouts, gone taxmoney)
To: blam
Did they accidentally expose algore’s global warming hoax?
31
posted on
04/06/2015 8:40:18 AM PDT
by
pfflier
To: DanielRedfoot
Doesn’t it describe “O” to a T?
32
posted on
04/06/2015 8:57:18 AM PDT
by
SMARTY
("When you blame others, you give up your power to change." Robert Anthony)
To: Ruy Dias de Bivar
Which state sent debit cards? I can’t stand that, and it makes me think unspent funds in debit cards end up going back to either the issuer, or to the entity that bought the cards.
To: blam
Consumer Confidence is low - normal, sane people are not going to spend big bucks when they may be unemployed tomorrow.
For that kind of irresponsible behavior you have to look to the government.
Lower gas prices are a welcome break but I've already gotten used to not making any unnecessary trips, gas is only a small part of the total mileage cost so my driving habits haven't changed.
It's a bit like Climate versus Weather - Large scale Economy does not instantly translate to individual spending patterns, especially since we know the Economy is not good no matter what they tell us.
34
posted on
04/06/2015 8:59:32 AM PDT
by
BitWielder1
(Corporate Profits are better than Government Waste)
To: blam
35
posted on
04/06/2015 9:14:46 AM PDT
by
blam
(Jeff Sessions For President)
To: KC_Conspirator
This “economy” is based on smoke and mirrors. The “recovery” is in spite of obungo and his minions. They have made malaise from the Carter years look like an absolute boom time. The only bright spot of the economy has been oil and it is now battered and will be for at least the next 12 to 18 months. Even then it will not return like it was.
Only a few years ago we had both attractive fixed rates of return and good investment returns. Do you mean to tell me that our economy NATURALLY changed that much in just a few years? No, it has been crippled when it was down and it has only barely recovered to where it was.
Consider these documented Rates of Return from the Gone Fishing Portfolio. 2009 was only the dead cat bouncing.
2003 32.7% (a dead cat bounce from the .com era),
2004 15.2%,
2005 11.9%,
2006 16.9%,
2007 10.7%,
2008 -31.7%,
2009 34.3% (the dead cat bounce),
2010 16.1%,
2011 -3.19%,
2012 13.4%,
2013 15.3%,
2014 3.8%
Over all these years there has been a compounded annual RoR of 9.88%.
To: LS
I have been banking on that for some time.
Back in 1996 we were getting 8% on guaranteed deposits. Conservative mutual funds were making 12 to 14% with regularity. Who couldn’t retire on that? Now, who can retire on investments that are not just a crap shoot?
To: RinaseaofDs
***Which state sent debit cards?***
Oklahoma.
To: Ruy Dias de Bivar
The state, where we filed, sent us DEBIT cards as refunds!So....take the funds off the debit card and put into savings account or into bonds, stocks, etc.
Unless a big spender in your family got to the card first! ;)
39
posted on
04/06/2015 10:09:05 AM PDT
by
citizen
(WalkeRubio RIGHT For You 2016)
To: Ruy Dias de Bivar
Being a debit card, how much is the fee to sweep the funds off the card into a cash account?
Most banks charge $25 or so.
40
posted on
04/06/2015 10:27:48 AM PDT
by
texas booster
(Join FreeRepublic's Folding@Home team (Team # 36120) Cure Alzheimer's!)
Navigation: use the links below to view more comments.
first previous 1-20, 21-40 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson