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Conservatives being defeated as Economy Rises to Record Highs!&#33


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More bad news for the cons & Party of No & Do Whatever It Takes to stiffle it. They are Losers and their corporate minions are no longer listening to the put on the brakes whispers they make. Just one more thing Cruz did for America!!!

 

The S&P 500 closed at a record high last week after getting a boost from technology companies, including Microsoft and Amazon. Stocks have surged this year, in part because companies have been able to keep increasing their earnings even as the economy has failed to escape stall speed.

 

The S&P 500 was up two points, at 1,761 in early trading. The Dow Jones industrial average was flat at 15,570. The Nasdaq composite was up a point at 3,944.

 

Third-quarter earnings are expected to rise by about 4.5 percent for S&P 500 companies, according to data from S&P Capital IQ. While that is the slowest rate of growth in a year, companies are still beating the estimates of Wall Street analysts. About two thirds of the companies that have published third-quarter earnings so far have exceeded analysts' expectations.

 

"The reason we can continue to go higher is because we are beating muted expectations," said JJ Kinahan, an analyst at TDAmeritrade.

 

The yield on the 10-year Treasury note was unchanged at 2.51 percent.

In commodities trading, the price of gold rose $2 to $1,354 an ounce. Oil was little changed at $98 a barrel in New York.

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More bad news for the cons & Party of No & Do Whatever It Takes to stiffle it. They are Losers and their corporate minions are no longer listening to the put on the brakes whispers they make. Just one more thing Cruz did for America!!!

 

The S&P 500 closed at a record high last week after getting a boost from technology companies, including Microsoft and Amazon. Stocks have surged this year, in part because companies have been able to keep increasing their earnings even as the economy has failed to escape stall speed.

 

The S&P 500 was up two points, at 1,761 in early trading. The Dow Jones industrial average was flat at 15,570. The Nasdaq composite was up a point at 3,944.

 

Third-quarter earnings are expected to rise by about 4.5 percent for S&P 500 companies, according to data from S&P Capital IQ. While that is the slowest rate of growth in a year, companies are still beating the estimates of Wall Street analysts. About two thirds of the companies that have published third-quarter earnings so far have exceeded analysts' expectations.

 

"The reason we can continue to go higher is because we are beating muted expectations," said JJ Kinahan, an analyst at TDAmeritrade.

 

The yield on the 10-year Treasury note was unchanged at 2.51 percent.

In commodities trading, the price of gold rose $2 to $1,354 an ounce. Oil was little changed at $98 a barrel in New York.

 

...and what's your point, skinny toes?

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How many times do I have to quote the Fed sourced fact that 84% of all stocks are owned by the wealthiest 5%? Why are you ignoring that? Are you calling the Fed liars? This does nothing for the Middle class a whole, in fact some bad news:

 

 

 

The following are 29 incredible facts which prove that poverty in America is absolutely exploding...

 

1. What can you say about a nation that has more people getting handouts from the federal government than working full-time? According to the latest numbers from the U.S. Census Bureau, the number of people receiving means-tested welfare benefits is greater than the number of full-time workers in the United States.

2. New numbers have just been released, and they show that the number of public school students in this country that are homeless is at an all-time record high. It is hard to believe, but right now 1.2 million students that attend public schools in America are homeless. That number has risen by 72 percent since the start of the last recession.

3. When I was growing up, it seemed like almost everyone was from a middle class home. But now that has all changed. One recent study discovered that nearly half of all public students in the United States come from low income homes.

4. How can anyone deny that we are a socialist nation when half the people are getting money from the federal government each month? According to the most recent numbers from the U.S. Census Bureau, 49.2 percent of all Americans are receiving benefits from at least one government program.

5. Signs of increasing poverty are even showing up in the wealthiest areas of the nation. According to the New York Post, New York subways are being "overrun with homeless".

6. According to the U.S. Census Bureau, approximately one out of every six Americans is now living in poverty. The number of Americans living in poverty is now at a level not seen since the 1960s.

7. The gap between the rich and the poor in the United States is at an all-time record high. The wealthy may not consider this to be much of a problem, but those at the other end of the spectrum are very aware of this.

8. The "working poor" is one of the fastest growing segments of the U.S. population. At this point, approximately one out of every four part-time workers in America is living below the poverty line.

9. According to numbers provided by Wal-Mart, more than half of their hourly workers make less than $25,000 a year.

10. A recent Businessweek article mentioned a study that discovered that 300 employees at one Wal-Mart in Wisconsin receive a combined total of nearly a million dollars a year in public assistance...

“A decent wage is their demand—a livable wage, of all things,” said Representative George Miller (D-Calif.). The problem with companies like Wal-Mart is their “unwillingness, not their inability, to pay that wage,” he said. “They hand off the difference to taxpayers.” Miller was referring to a
(PDF) released in May that calculated how much Walmart workers rely on public assistance. The study found that the 300 employees at one Supercenter in Wisconsin required some $900,000 worth of public assistance a year.

11. The stock market may be doing great (for the moment), but incomes for average Americans continue to decline. In fact, median household income in the United States has fallen for five years in a row.

12. The quality of the jobs in America has been steadily dropping for years. At this point, one out of every four American workers has a job that pays $10 an hour or less.

13. According to a Gallup poll that was recently released, 20.0% of all Americans did not have enough money to buy food that they or their families needed at some point over the past year. That is just under the record of 20.4% that was set back in November 2008.

14. Young adults are particularly feeling the sting of poverty these days. American families that have a head of household that is under the age of 30 have a poverty rateof 37 percent.

15. As I wrote about a few weeks ago, one out of every five households in the United States is on food stamps. Back in the 1970s, about one out of every 50 Americans was on food stamps.

16. The number of Americans on food stamps now exceeds the entire population of Spain.

17. According to one calculation, the number of Americans on food stamps now exceeds the combined populations of "Alaska, Arkansas, Connecticut, Delaware, District of Columbia, Hawaii, Idaho, Iowa, Kansas, Maine, Mississippi, Montana, Nebraska, Nevada, New Hampshire, New Mexico, North Dakota, Oklahoma, Oregon, Rhode Island, South Dakota, Utah, Vermont, West Virginia, and Wyoming."

18. We are told that we live in the "wealthiest nation" on the planet, and yet more thanone out of every four children in the United States is enrolled in the food stamp program.

19. The average food stamp benefit breaks down to approximately $4 per person per day.

20. It is being projected that approximately 50 percent of all U.S. children will be on food stamps before they reach the age of 18.

21. Today, approximately 17 million children in the United States are facing food insecurity. In other words, that means that "one in four children in the country is living without consistent access to enough nutritious food to live a healthy life."

22. It may be hard to believe, but approximately 57 percent of all children in the United States are currently living in homes that are considered to be either "low income" or impoverished.

23. The number of children living on $2.00 a day or less in the United States has grown to 2.8 million. That number has increased by 130 percent since 1996.

24. In Miami, 45 percent of all children are living in poverty.

25. In Cleveland, more than 50 percent of all children are living in poverty.

26. According to a recently released report, 60 percent of all children in the city of Detroit are living in poverty.

27. According to a Feeding America hunger study, more than 37 million Americans are now being served by food pantries and soup kitchens.

28. The U.S. government has spent an astounding 3.7 trillion dollars on welfare programs over the past five years.

29. It has been reported that 4 out of every 5 adults in the United States "struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives".

These poverty numbers keep getting worse year after year no matter what our politicians do.

So is there anyone out there that would still like to argue that we are in an "economic recovery"?

And as I mentioned above, the "have nots" are becoming increasingly angry at the "haves". For example, just check out the following excerpt from a recent New York Post article...

The maniac who
confessed that he did it because he was jealous of their way of life, a police source told The Post on Sunday.

The family had too much. Their income (and) lifestyle was better than his
,” the source said.

The bloody suspect was caught holding the kitchen knife he used during the Saturday night rampage inside the Sunset Park apartment where he had been staying with the victims, the source added.

Sadly, this was not an isolated incident. All over the western world, a "Robin Hood mentality" is growing. This is something that I am so concerned about that I made it a big part of my new book. At this point, even wealthy Hollywood-types such as actor Russell Brand are calling for a socialist-style "revolution" and a "

".

Perhaps Brand does not understand that what he is calling for would mean redistributing most of his own wealth away from him.

When the next major wave of the economic collapse strikes, I fear that all of this anger and frustration that are growing among the poor will boil over in some very frightening ways. I believe that we will see a huge spike in crime and that we will eventually see communities all over America looted and burning.

But I am not the only one that is thinking along these lines. A new National Geographic Channel movie entitled "American Blackout" attempts to portray the social chaos that could erupt in the event of an extended national power failure...

American Blackout, National Geographic Channel’s two-hour, edge-of-your-seat movie event imagines the story of a national power failure in the United States caused by a cyberattack — told in real time, over 10 days, by those who kept filming on cameras and phones. You’ll learn what it means to be absolutely powerless.

You can view a clip of the film that was made available by NatGeo for the SHTFplan.comcommunity

.

What would you do if something like that happened to you?

How would you handle desperate, hungry people at your fence asking for food?

And what if those people were armed and were not "asking nicely" for your food?

Don't ignore what is happening in America right now. It is setting the stage for some very chaotic times.

Get ready while you still can.

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More bad news for the cons & Party of No & Do Whatever It Takes to stiffle it. They are Losers and their corporate minions are no longer listening to the put on the brakes whispers they make. Just one more thing Cruz did for America!!!

 

The S&P 500 closed at a record high last week after getting a boost from technology companies, including Microsoft and Amazon. Stocks have surged this year, in part because companies have been able to keep increasing their earnings even as the economy has failed to escape stall speed.

 

The S&P 500 was up two points, at 1,761 in early trading. The Dow Jones industrial average was flat at 15,570. The Nasdaq composite was up a point at 3,944.

 

Third-quarter earnings are expected to rise by about 4.5 percent for S&P 500 companies, according to data from S&P Capital IQ. While that is the slowest rate of growth in a year, companies are still beating the estimates of Wall Street analysts. About two thirds of the companies that have published third-quarter earnings so far have exceeded analysts' expectations.

 

"The reason we can continue to go higher is because we are beating muted expectations," said JJ Kinahan, an analyst at TDAmeritrade.

 

The yield on the 10-year Treasury note was unchanged at 2.51 percent.

In commodities trading, the price of gold rose $2 to $1,354 an ounce. Oil was little changed at $98 a barrel in New York.

Another sign that we're in full recovery?...people quitting their jobs is at an all time high since the onset of the Bush-recession.

A sure sign of job recovery.

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Another sign that we're in full recovery?...people quitting their jobs is at an all time high since the onset of the Bush-recession.

A sure sign of job recovery.

5 Years of hope and change and it's still Bush's fault................... :D

 

Insano is another Obama cultist and supporter of communism................

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:lol: ...omg!

 

They should revoke your drivers license! Stupid people can't drive!

Laffin! You prove how stupid and ignorant u r in every post. I won't even bother to link the many economists who pointed this out.

Learn to read dumbass. Then maybe u won't keep getting creamed in your own threads.

 

I swear, americanboy is common sense challenged!

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Laffin! You prove how stupid and ignorant u r in every post. I won't even bother to link the many economists who pointed this out.

Learn to read dumbass. Then maybe u won't keep getting creamed in your own threads.

 

I swear, americanboy is common sense challenged!

So who's the economy getting better for Insano? certainly not Obamas core supporters and voters :D

 

And your calling other members dumb? LOL

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Laffin! You prove how stupid and ignorant u r in every post. I won't even bother to link the many economists who pointed this out.

Learn to read dumbass. Then maybe u won't keep getting creamed in your own threads.

 

I swear, americanboy is common sense challenged!

 

LMFAO! ...the economy is getting better??? :lol:

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...and what's your point, skinny toes?

I think this is his point:

 

If Republicans had anything worth buying Romney and Ryan would be large and in charge right now.

 

As of the last recount of the recount before it, they had lost again.

 

Seems the news of those results are slow getting out to some....

 

 

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Conservatives being defeated as Economy Rises to Record Highs!!

 

12% real unemployment and 1 1/2% annual growth is "record high?"

 

There's no hope for hopelessly stupid. :glare:

 

Golfboy, on 28 Oct 2013 - 11:38, said:snapback.png

More Americans on Welfare Than Working Full Time

You're not too bright, are you?

 

Which of course is Obama's fault, huh, and not the greedy 1%.

 

Of course it's his fault. He rejected the advice of his own economic adviser, and his policies failed utterly.

 

I don't want to hear any more stupid complaints from you when I label you a lying troll.

 

You mind has been programmed by the DNC as a lying and excuse-making machine for Obama.

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Laffin! You prove how stupid and ignorant u r in every post. I won't even bother to link the many economists who pointed this out.

Learn to read dumbass. Then maybe u won't keep getting creamed in your own threads.

 

I swear, americanboy is common sense challenged!

This isn't his thread you stupid jerkoff.

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Another sign that we're in full recovery?...people quitting their jobs is at an all time high since the onset of the Bush-recession.

A sure sign of job recovery.

 

 

From The New York Times 25 October 2015:
----------------------------------------------------------------
The stock market is hitting record highs. Bank profits have reached their highest levels in years. The market for luxury goods is rebounding. ...And there’s no shortage of billionaires. Forbes’s list of the world’s billionaires has added more than 200 names since 2012 and is now at 1,426. The United States once again leads the list, with 442 billionaires.
It’s a great time to be a rich person in America. The rich are raking it in during this recovery.
But in the shadow of their towering wealth exists a much less rosy recovery, where people are hurting and the pain grows.
This is the slowest post-recession jobs recovery since World War II. The unemployment rate is falling, but for the wrong reason: an increasing number of people may simply be giving up on finding a job. The labor force participation rate — the percentage of people over 16 who either have a job or are actively searching for one — fell in August to its lowest rate in 35 years. ...Median household income continues to fall, according to recent data from the Census Bureau. The data showed, “In 2012, real median household income was 8.3 percent lower than in 2007, the year before the most recent recession.”
----------------------------------------------------------------
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