Their job is not to just pass legislation. Their job is to protect the individual rights of the citizens. yes. Obamacare for one.
Anytime you have major reform, there are going to be some uncertainties created. The question is not should we blame the Dems for the uncertainties, because we shouldn't if the reform is necessary. But if the reform is poorly thought out and creates more costs than benefits, then you can fault the Dems for poor planning and execution. In my view, that chapter remains to be written. On the GOP being the big champion of individual rights, I don't think that's the case. Part of the GOP camp are strong liberty proponents similar to parts of the Dem camp. There are plenty of ppl in both camps willing to **** on your rights but for different reasons.
Ho hum, 3 Signs That Obamacare Is Slowing Health Care Spending The three years since the Affordable Care Act passed -- 2011, 2012 and 2013 -- have seen the slowest growth in health care spending since 1965, when the statistic began being consistently tracked, according to a new White House report.
http://money.msn.com/business-news/article.aspx?feed=AP&date=20131206&id=17171137 US unemployment falls to 7 pct. on 203K jobs added WASHINGTON (AP) - A fourth straight month of solid hiring cut the U.S. unemployment rate in November to a five-year low of 7 percent. The surprisingly robust job gain suggested that the economy may have begun to accelerate. It also fueled speculation that the Federal Reserve will scale back its economic stimulus when it meets later this month. Employers added 203,000 jobs last month after adding 200,000 in October, the Labor Department said Friday. November's job gain helped lower the unemployment rate from 7.3 percent in October. The economy has now generated a four-month average of 204,000 jobs from August through November. That's up from 159,000 a month from April through July. Evidence of a stronger job market cheered stock investors, who sent the Standard & Poor's 500 and Dow Jones industrial average futures up 1 percent before stock markets opened. An especially encouraging sign was that much of November's job growth was in higher-paying industries. Manufacturers added 27,000 jobs, the most since March 2012. Construction companies added 17,000. The two industries have created a combined 113,000 jobs in the past four months. Greater hiring could support healthier spending. Job growth has a dominant influence over much of the economy. If hiring continues at its current pace, a virtuous cycle will start to build: More jobs typically lead to higher wages, more spending and faster growth. But more higher-paying jobs are also needed to sustain the economy's momentum. Roughly half the jobs that were added in the six months through October were in four low-wage industries: retail; hotels, restaurants and entertainment; temp jobs; and home health care workers. The Fed has pegged its stimulus efforts to consistent improvement in the job market. Chairman Ben Bernanke has said the Fed will ease its monthly purchases of $85 billion in bonds once hiring has improved consistently. The recent economic upturn has been surprising. Many economists expected the government shutdown in October to hobble growth. Yet the economy motored along without much interruption, according to several government and industry reports. Early reports on holiday shopping have been disappointing. The National Retail Federation said sales during the Thanksgiving weekend — probably the most important stretch for retailers — fell for the first time since the group began keeping track in 2006. Consumers are willing to spend on big-ticket items. Autos sold in November at their best pace in seven years, according to Autodata Corp. New-home sales in October bounced back from a summer downturn
With the new unemployment numbers and new positive GDP numbers we've gotten the past couple of days, those are positive things, at least on face value.
The stock market keeps making all time highs! What can possibly go wrong?! Guess its time to taper. lol
I'm starting to wonder if the US' GDP will grow large enough over the next decade that eventually current deficits and SS/Healthcare obligations will no longer be as much a concern. Either way, good news & trend.
Meanwhile, the big O continues the work... Federal Budget Deficit Drops To Lowest Level Under Obama The federal budget deficit is projected to drop in fiscal year 2014 to its lowest level since President Barack Obama took office, according to the Congressional Budget Office. CBO projects the federal deficit will fall from $680 billion in fiscal year 2013 to $514 billion in fiscal year 2014. Federal revenues are expected to increase by 9 percent in 2014, to $3 trillion, while spending will increase 2.6 percent to $3.5 trillion -- both in line with the 40-year average. Expiring tax cuts for businesses and an expiring cut to the Social Security payroll tax, along with an improving economy, account for the boost in revenue. The increase in spending is attributed largely to higher spending on programs like Social Security, Medicare, and Obamacare. The federal deficit was a record $1.4 trillion in fiscal year 2009, when Obama took office.
lol at the spin from McMark. The stock market is declining today on the economic news. http://www.cnbc.com/id/101391730?__...yahoo&doc=101391730|US stocks decline after e
Not surprising, FOMC action has artificially inflated the markets and they are beginning to taper, which naturally will cause the market to drop. http://www.bloomberg.com/news/2014-...clines-probably-won-t-derail-qe-tapering.html
ho hum <blockquote class="twitter-tweet" lang="en"><p>48 straight months of private sector job growth. <a href="http://t.co/PFclZgKuzm">http://t.co/PFclZgKuzm</a> <a href="http://t.co/NFDjzmk8VG">pic.twitter.com/NFDjzmk8VG</a></p>— Senate Democrats (@SenateDems) <a href="https://twitter.com/SenateDems/statuses/441979703650316288">March 7, 2014</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>
Not economic news, but good news all the same. Probably deserves it's own thread. This is beautiful! Zero U.S. Troops Died In Combat In March, The First Time In More Than A Decade March 2014 marked the first time in more than a decade that there were zero U.S. fatalities among American troops engaging in combat, according to numbers from the Department of Defense.
