Jump to content

Economy roaring along, best in decades


Recommended Posts

Longest streak of private sector job growth in history

.

14 million new jobs.

 

Strongest 2 yrs of job growth since the 90's.

 

Unemployment cut in half.

 

Manufacturing added 900,000 new jobs in the last 6 yrs.

 

Auto industry best sales in history.

 

Less reliant on foreign oil than at any point in the last 40 yrs.

 

18 million people have gained health coverage under the ACA.

 

Uninsured rate at all time LOW.

 

Budget deficit dramatically lowered.

 

....President's economic report 2016

 

Dano-note: I DO love these low gas prices, it has a ripple effect all thru our economy, from food prices to plane tickets to merchandise.

  • Upvote 1
  • Downvote 1
Link to post
Share on other sites

Figures don't lie. Go down the street and gas up. Look in the classified job listings. Check sales figures for the major car, air travel, manufacturers, services industries.

Roaring along. Despite the repub Congress attempts to drag it back down the Bush-hole.

  • Upvote 1
Link to post
Share on other sites

Figures don't lie. Go down the street and gas up. Look in the classified job listings. Check sales figures for the major car, air travel, manufacturers, services industries.

Roaring along. Despite the repub Congress attempts to drag it back down the Bush-hole.

How many are on welfare and food stamps now?

Link to post
Share on other sites

Longest streak of private sector job growth in history

.

14 million new jobs.

 

Strongest 2 yrs of job growth since the 90's.

 

Unemployment cut in half.

 

Manufacturing added 900,000 new jobs in the last 6 yrs.

 

Auto industry best sales in history.

 

Less reliant on foreign oil than at any point in the last 40 yrs.

 

18 million people have gained health coverage under the ACA.

 

Uninsured rate at all time LOW.

 

Budget deficit dramatically lowered.

 

....President's economic report 2016

 

Dano-note: I DO love these low gas prices, it has a ripple effect all thru our economy, from food prices to plane tickets to merchandise.

14 million new jobs..

And 15 millions more on food stamps...

 

$10 trillion more in debt.....

Link to post
Share on other sites

I sure hope so.. May Wallet was fat when Bush was POTUS.. It has taken 10 Years to get back where I was after he robbed it all... Still not really there yet.


Food Stamps kept busnisses open. My friend works at the grocery.. There is a monthly cyclical increase in business corresponding with when people receive their benefits the first few days of each month. It is very noticeable he says.

Link to post
Share on other sites

I sure hope so.. May Wallet was fat when Bush was POTUS.. It has taken 10 Years to get back where I was after he robbed it all... Still not really there yet.

Food Stamps kept busnisses open. My friend works at the grocery.. There is a monthly cyclical increase in business corresponding with when people receive their benefits the first few days of each month. It is very noticeable he says.

 

Yeah well, even the food benefit population has gone down. No way for the right to spin this.

Link to post
Share on other sites

 

Yeah well, even the food benefit population has gone down. No way for the right to spin this.

It's gone down with the unemployment rate after the republican's got both houses....

 

But since Obama it's skyrocketed...

I sure hope so.. May Wallet was fat when Bush was POTUS.. It has taken 10 Years to get back where I was after he robbed it all... Still not really there yet.

Food Stamps kept busnisses open. My friend works at the grocery.. There is a monthly cyclical increase in business corresponding with when people receive their benefits the first few days of each month. It is very noticeable he says.

5 X 5..

 

Food stamps keeping places open really isn't a very good example...

 

That's like saying you led the league in double plays.....

That's because there's always base runners all over the place...

Link to post
Share on other sites

"Economy ROARING ALONG"?

 

Are you simply nuts, db?

YOUR AN IMBECILE

Beechy caint read.

HE IS STILL GAGGING ON BUSH'S COCK.

 

OBAMA HAS BESTED THE RIGHT PARASITES, IN SPITE OF THEIR TRAITOROUS PLOT TO GET THE BLACK MAN IN THE WHITE HOUSE AT ALL COSTS.

Link to post
Share on other sites

How many are on welfare and food stamps now?

Those numbers are a result of some basic structural problems with capitalism, dork33. President Obama has done a great job of improving the economy in spite of enormous amounts of very determined Republican sabotage and obstructionism, but a number of built-in aspects of our corrupt economic system, plus enormous amounts of greed, have inevitably resulted in rapidly growing economic inequality. The more wealth the 1%ers squirrel away (often in tax-free foreign hidey-holes) and hoard, the more ordinary people will wind up poor and needing food stamps through no fault of their own (or President Obama's).

 

U.S. income inequality, on rise for decades, is now highest since 1928

Pew Research Center

BY DREW DESILVER

 

incomeinequality.gif

Credit: Dorsey Shaw; Source: Emmanuel Saez, UC Berkeley

 

President Obama took on a topic yesterday that most Americans don't like to talk about much: inequality. There are a lot of ways to measure economic inequality (and we'll be discussing more on Fact Tank), but one basic approach is to look at how much income flows to groups at different steps on the economic ladder.

 

Emmanuel Saez, an economics professor at UC-Berkeley, has been doing just that for years. And according to his research, U.S. income inequality has been increasing steadily since the 1970s, and now has reached levels not seen since 1928. (The GIF file at the top of this post, created by Dorsey Shaw of Buzzfeed, compares growth in average income of the top 1% of Americans with everyone else.)

 

Using tax-return data from the IRS, Saez has built extensive income-distribution datasets going back 100 years. He defines "income" as pre-tax cash market income - wages and salaries; dividends, interest, rent and other returns on invested capital; business profits; and realized capital gains. He excludes Social Security payments, unemployment benefits and other government transfer payments, which are more substantial today than before the Great Depression.

 

In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation's income distribution: By 1944 the top 1%s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades.

 

But starting in the mid- to late 1970s, the uppermost tier's income share began rising dramatically, while that of the bottom 90% started to fall. The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered fairly quickly: Saezs preliminary estimates for 2012 (which will be updated next month) have that group receiving nearly 22.5% of all pretax income, while the bottom 90%'s share is below 50% for the first time ever (49.6%, to be precise).

 

A century ago, Saez notes that the highest earners derived much of their income from earnings on the accumulated wealth of past generations. By contrast, "the evidence suggests that top incomes earners today are..."working rich", highly paid employees or new entrepreneurs who have not yet accumulated fortunes comparable to those accumulated during the Gilded Age."

 

Americans arent unaware of these trends. More than half (61%) of Americans said the U.S. economic system favors the wealthy, while just 35% said it's fair to most people, according to a Pew Research Center survey conducted in March. A similar share (66%) of Americans said the gap between rich and poor had increased in the past five years; nearly three-quarters of respondents said the rich-poor gap was either a "very big" (47%) or "moderately big" (27%) problem.

 

As one might expect, low- and middle-income people were most likely to say the U.S. economic system favors the wealthy, but even 52% of high-income people agreed that it does. And while 54% of low-income people and 49% of middle-income people called the rich-poor gap a "very big" problem, only 36% of high-income people did so. A third of the high-income group said the rich-poor gap was either a small problem (19%) or not a problem at all (14%).

 

More than half (55%) of Republicans said the economic system is fair to most people, but majorities of Democrats (75%) and independents (63%) said it favors the wealthy. And 61% of Democrats and 50% of independents said the gap was a very big problem, versus only 28% of Republicans. Four-in-ten Republicans termed the gap either a small problem (22%) or not a problem at all (18%).

  • Upvote 1
Link to post
Share on other sites

I sure hope so.. May Wallet was fat when Bush was POTUS.. It has taken 10 Years to get back where I was after he robbed it all... Still not really there yet.

Food Stamps kept busnisses open. My friend works at the grocery.. There is a monthly cyclical increase in business corresponding with when people receive their benefits the first few days of each month. It is very noticeable he says.

 

Absolutely. I saw this and recognized it. It's a BOON for grocery stores. People earn so little, without food stamps they'd pinch and scrape and not buy decent food, they'd stock up on rice and cheap chicken dogs and pasta. With food stamps they can buy real food, good food, live a little. Of course, what's a BOON to grocery stores is a benefit to farmers, dairies, truckers, canneries, processors, all down the economy.

  • Upvote 1
Link to post
Share on other sites

 

Absolutely. I saw this and recognized it. It's a BOON for grocery stores. People earn so little, without food stamps they'd pinch and scrape and not buy decent food, they'd stock up on rice and cheap chicken dogs and pasta. With food stamps they can buy real food, good food, live a little. Of course, what's a BOON to grocery stores is a benefit to farmers, dairies, truckers, canneries, processors, all down the economy.

One out of 8 people unable to feed themselves isn't a "boom" for anyone

Link to post
Share on other sites

"Economy ROARING ALONG"?

 

Are you simply nuts, db?

 

 

Beechy caint read.

 

 

That ol conholer reading comprehension issue.....they all seem to be afflicted with it....LOL

 

 

 

 

And 15 millions more on food stamps...

 

 

 

look at them red states.......my... my

 

 

 

 

 

w-FoodStamps0317.jpg

 

 

 

https://www.washingtonpost.com/national/state-residents-who-receive-snap/2013/03/16/6a574758-8eae-11e2-b63f-f53fb9f2fcb4_graphic.html

  • Upvote 1
Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...