True that he wont get any votes in Texas, but how does screwing over a major city help in any other way? I exactly refuted what you said by calling it ridiculous. No matter what happens good or bad your going to try to find a way to say "Obama Sux!". I didn't insult you either, I called what you were saying idiotic because that's what I feel it is. Maybe you should go back and read it again. Playing victim doesn't suit you.
Very well said. Having said that, and being invested in the market, among other things, I wouldn't relax. There are a lot of things going on right now that could severely impact the market. Some involve possible decisions by the President (such as Iran), and some are largely out his hands, or the hands of a Republican President, were one in office (and one is not, thank goodness), such as the financial crisis in Europe. We should keep our appendages crossed.
The president has very little impact on the economy... Any economics or poli sci professor would tell you that. If you are going to hate on Obama, choose another battle point. The economy works in cycles, it will bounce back to being normal right around the time of the election.
Never said debating with me wasn't a waste of time. marginally better than a Jersey Shore episode though, I'd hope.
Unemployment claims at 352,000, fewest since 2008 http://www.google.com/hostednews/ap...QtsdKA?docId=ff9e498a255e418c8e7c3a4a0a086766 By CHRISTOPHER S. RUGABER, AP Economics Writer – 25 minutes ago WASHINGTON (AP) — The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening. Applications fell 50,000, the biggest drop in the seasonally adjusted figure in more than six years, the Labor Department said Thursday. The four-week average, which smooths out fluctuations, dropped to 379,000. That's the second-lowest such figure in more than three years. A department spokesman cautioned that volatility at this time of year is common. Applications had jumped two weeks ago, largely because companies laid off thousands of temporary workers hired for the holidays. Still, when weekly applications fall consistently below 375,000, it usually signals that hiring is strong enough to push down the unemployment rate. "This continues a clear downshift in claims," said Ian Shepherdson, an economist at High Frequency Economics. Shepherdson suggested that stronger hiring should follow. Hiring improved in the second half of 2011. In December, employers added 200,000 jobs. That marked the sixth straight month in which the economy added at least 100,000 jobs. And the unemployment rate fell to 8.5 percent, a three-year low. For all of 2011, the economy added 1.6 million jobs. That was up sharply from 940,000 in 2010. Economists say they expect roughly 1.9 million more jobs to be added this year, according to a survey by The Associated Press. Still, the job market has a long way to go before it fully recovers from the damage of the Great Recession, which wiped out 8.7 million jobs. More than 13 million people remain unemployed. Millions more have given up looking for work and so are no longer counted as unemployed. The overall number of people receiving benefits, which isn't seasonally adjusted, rose. More than 7.8 million people received benefits in the final week of last year. They include about 3.6 million people covered by extended-benefit programs begun during the recession. The manufacturing sector remains a bright spot. Factory output jumped 0.9 percent in December, the Federal Reserve said this week. That was the sharpest monthly gain in a year. Manufacturing gained 225,000 jobs last year, the most since 1997. The pickup in hiring reflects stronger economic growth. The economy likely grew at an annual rate of about 3 percent in the final three months of last year, economists estimate. That would be a sharp improvement over the 1.8 percent annual growth rate in the July-September quarter. Rising consumer spending is thought to be fueling much of the gain in the current quarter. Even so, economists worry that growth could slow in the first half of 2012. Europe is almost certain to fall into recession because of its financial troubles. And wages aren't keeping up with inflation. The department said in a separate report that average inflation-adjusted hourly earnings dropped 0.9 percent last year. Without more jobs and higher pay, consumers might have to cut back on spending. That would weigh down growth next year. Consumer spending accounts for about 70 percent of the economy. Copyright © 2012 The Associated Press. All rights reserved. Related articles
I see you drinking as much "koolaid" as the hardcore lefties do, just of a different color and flavor. There is plenty of just plain inaccurate propaganda on both the right and the left, anyone who says it is just the other side doing it is completely delusional.
I think Obama had the biggest turnaround in GDP for a presidential term ever. -9% to +3%. 12 percentage point swing from Bush to his current term. If he only knew how to fight the distortions.
I am not going to blame obama for the economy, but lets not try to sugar coat it. This was the worst recovery since the great depression. In ways it has been worse.
It's been the worst economy since the great depression and a far faster recovery. Jobs always lag growth. And economists always forecasted that this recovery would take a while with the damage done to financial institutions, the housing market, and personal credit. Plus it was a global meltdown as well so exports could not pull us out.
How many times has this line parroted. If we measured the recession by company profits it ended a long time ago. The job of the government is to look out for its people which it has done a crappy job of doing.
but you were saying he's been terrible also. which side of the bed are you waking up on tomorrow. your lack of paitience has been worse than republicans
or a bunch of people who took jobs during over leveraging are simply deciding to opt out. some families can go back to single employment. anything could be happening
of course it was 300 mil people population 2 wars unpaid, housing market crash, banks failed left and right...I doubt there will be another one as bad as this one... I'm glad its recovering somewhat and believe it can only get better..however its going to take another 15-20 years for the home prices to hit the number they were at in 2007...
