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Phoenix68

Back, Before The Average-Teabagger Could Read....

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"The number of Americans filing new claims for jobless aid fell last week to its lowest level in nearly 5-1/2 years, signaling labor market resilience in the face of fiscal austerity.

The job market buoyancy, flagged last week by a relatively strong April employment report, eased fears of an abrupt economic slowdown.

"We are not getting a slowing in the second quarter. The claims data provide another set of confirmation that the labor market is healing," said Michael Strauss, chief economist at Commonfund in Wilton, Connecticut.

The government said last week that employers added 165,000 workers to their payrolls in April and that hiring in the prior two months was much stronger than previously believed. The jobless rate dropped to a four-year low of 7.5 percent."

 

 

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"In a striking illustration of the promise that the health law holds for consumers, two Oregon private insurers vying to sell coverage on the state’s Obamacare insurance marketplace this October are reevaluating their opening bids for the plans’ monthly premiums. The reason? A side-by-side regional comparison of all proposed 2014 premiums for Oregon marketplace plans became public on Oregon’s marketplace website Thursday, and showed that the two insurersplanned monthly premiums were far higher than other proposals. That raised fears among the companies’ officials that their plans wouldn’t be competitive on the market later this year, leading them to proactively request a rate reduction — and as more of Obamacare is implemented, state insurance commissioners expect that trend to continue."

 

 

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"A growing sense of optimism about the U.S. economy pushed stocks to record levels Tuesday, even as the market's fear gauge flashed red.

There was no specific catalyst for the advance, but traders said bullish comments from a top hedge fund manager helped.

David Tepper, founder of Appaloosa Management, told CNBC that investors should not be concerned about the Federal Reserve winding down its bond-buying program too soon. Investors who bet against stocks "better have a shovel to get themselves out of the grave," he said."

 

 

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"Since the recession ended four years ago, the federal budget deficit has topped $1 trillion every year. But now the government's annual deficit is shrinking far faster than anyone in Washington expected, and perhaps even faster than many economists think is advisable for the health of the economy.

That is the thrust of a new report released Tuesday by the nonpartisan Congressional Budget Office, estimating that the deficit for this fiscal year, which ends on Sept. 30, will fall to about $642 billion, or 4 percent of the nation's annual economic output, about $200 billion lower than the agency estimated just three months ago.

The agency forecast that the deficit, which topped 10 percent of gross domestic product in 2009, could shrink to as little as 2.1 percent of gross domestic product by 2015a level that most analysts say would be easily sustainable over the long run — before beginning to climb gradually through the rest of the decade.

"Revenues have been strong as the economy has outperformed a bit," said Joel Prakken, a founder of Macroeconomic Advisers, a forecasting firm based in St. Louis.

Over all, the figures demonstrate how the economic recovery has begun to refill the government's coffers. At the same time, Washington, despite its political paralysis, has proved remarkably successful at slashing the deficit through a variety of tax increases and cuts in domestic and military programs."

 

 

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"Americans felt better about their economic and financial prospects in early May as consumer sentiment rose to the highest level in nearly six years, an encouraging sign after other recent data had suggested broader U.S. growth is cooling.

A gauge of future economic activity released on Friday also suggested the expected slowdown will be temporary, with the index rising in April to a near five-year high.


Economists expect growth will likely slow in the second quarter from the 2.5 percent pace at the beginning of the year as tighter fiscal policy starts to bite. But recent stronger than expected improvement in several areas, including the labor market and retail sales, has suggested the recovery remains resilient.

"We're still definitely on the recovery path. We expect that this is going to be a very long and gradual recovery," said Scott Brown, chief economist at Raymond James in St. Petersburg, Florida."

 

 

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"There’s new evidence to suggest that Obamacare is impacting the health industry for the better by successfully encouraging a greater emphasis on primary care. Ensuring that Americans are receiving regular preventative care is an important tenant of the health law, since it can ultimately help lower costs by preventing people from delaying medical treatment until they’re already very sick.

For the first time ever, Americans are now spending more money on primary care physicians than they are on specialists, according to a new survey by the physician recruiting firm Merritt Hawkins. In what Merrit Hawkins’ president referred to as a “seismic shift” in medicine, primary care doctors are now the greatest source of revenue for the hospitals where they work."

 

 

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I occasionally lose my cool over teabaggers. They really think they are the only group to contribute. Nobody pays taxes but a bunch of racist country bumkins on disability for some self index chronic illness like diabetes from eating pork fat and Kraft Mac and Cheese or some heart disease from cigarettes smoking. If you offer them a fresh make vinegarette, they think it's Asian. 

Anyways, remember TARP. 735 billion to bail out the likes of Goldman, Leahman Brothers and AIG. Add the various other finance related bailouts and you come close to 1.5 trillion. But Obama had to toss some crumbs and set aside 75 billion to help homeowners in danger of losing their house. They slurped up TARP but went ape sheet over helping the victim. 

And Blue balls, he has a stiffy every time he posts the 500 companies Trump put his name on. He is in total awe of money. He thinks the rich are better people

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"Fewer Americans applied for unemployment benefits last week, and consumer confidence approached a five-year high as the biggest part of the economy benefits from improving job and housing markets.

Falling dismissals, rising home values and record stock prices are giving households the confidence to sustain spending, helping the economy weather federal budget cuts that are projected to curb the expansion. Federal Reserve Chairman Ben S. Bernanke yesterday signaled policy makers will not reduce record stimulus until gains in employment are sustained.

Higher confidence, higher home prices and the improvement in the labor market bode well for the economic outlook in the second half of the year,” said Christopher Rupkey, chief financial economist at the Bank of Tokyo-Mitsubishi UFJ Ltd. in New York, who correctly forecast the decrease in jobless claims. “There’s no sign of a summer swoon in today’s data and that’s making us a little more confident.”

Other reports today showed sales of new houses climbed more than forecast in April and prices of previously owned properties jumped in March by the most on record."

 

 

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and they are so fugging stupid. Take deregulation for example. Just because it takes you two years and five permits to build a shed in your backyard or you get slapped with a big fine if there is a crack in the sidewalk in front of your hair salon. There are indeed two Americas. Finance/banking and big business and there are suckers, which makes up 99℅ of the population.

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"Orders for long-lasting U.S. manufactured goods rose more than expected in April, a hopeful sign that a sharp slowdown in factory output could soon run its course.

New orders for durable goods, which range from toasters to aircraft, increased 3.3 percent last month, the Commerce Department said on Friday.

The data was the latest to show the U.S. economy exhibiting surprising resilience in the face of harsh fiscal austerity measures enacted this year.

"(It's) another sign that growth is holding up quite well," said Paul Ashworth, an economist at Capital Economics in Toronto.

While Washington hiked taxes in January and sweeping budget cuts began in March, consumer spending has looked relatively robust and many economists think the U.S. Federal Reserve could begin tapering a monetary stimulus program by the end of the year."

 

 

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"The Affordable Care Act, a k a Obamacare, goes fully into effect at the beginning of next year, and predictions of disaster are being heard far and wide. There will be an administrative “train wreck,” we’re told; consumers will face a terrible shock. Republicans, one hears, are already counting on the law’s troubles to give them a big electoral advantage.

No doubt there will be problems, as there are with any large new government initiative, and in this case, we have the added complication that many Republican governors and legislators are doing all they can to sabotage reform. Yet important new evidence — especially from California, the law’s most important test case — suggests that the real Obamacare shock will be one of unexpected success."

 

 

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What a bunch of revolutionaries. Fooled by Koch Think tank publications and a bunch of conspiracy crackpots on the web. Sometimes I feel sorry for ConservativeWave because he wants to believe so badly.but Im high a lot 

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THANKS,
OBAMACARE
!!!!!
May 31, 2013


"An estimated 3.1 million young Americans who would have lacked health coverage gained access to it thanks to an Obamacare provision that allows adults up to age 26 to remain on their parents’ health insurance. A new study published in the New England Journal of Medicine concludes that shift saved young people from paying — and hospitals from absorbing — $147 million in high medical bills for treating catastrophic conditions such as broken bones, poisonings, and traumatic brain injuries in 2011 alone.

There’s been a slew of good news for Obamacare recently. Insurers’ opening bids for Obamacare’s insurance marketplaces have been encouraging, and employers have been stepping up workplace wellness programs for their workers in response to federal incentives in the health law."

 

 

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this thread must come from the writers of SLN preparing another show.  All satire and out dated social practices.

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"On Tuesday, Golden State small businesses and their employees got some great news: two of the state’s largest insurers will have to give them over $36 million in insurance rebates because of an Obamacare consumer protection.

The health law forces insurers to spend at least 80 percent of the premiums they charge on paying for actual medical services, rather than administrative overhead or profits. That means more money for ordinary consumers — and less for profitable insurance companies.

The so-called “80/20 rule” put $1.5 billion back into Americans’ pockets in 2011 alone. The average rebate was $151 per family across all insurance markets, and in states where insurers blatantly gouged prices, average rebates topped a whopping $500 per family.

Now, the benefits for Californians with small business health plans are beginning to materialize. Blue Shield of California will be forced to pay back $24.5 million in rebates. Anthem Blue Cross will have to pay back another $12 million.

While cheering the latest numbers as a victory for California small businesses and their employees, consumer advocates argue that the insurance industry should try harder to proactively lower costs for companies and individuals."

 

 

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3 minutes ago, sole result said:

this thread must come from the writers of SLN preparing another show.  All satire and out dated social practices.

 

avatars-000184988122-bujqj9-t500x500.jpg

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"Employers stepped up hiring a bit in May in a show of economic resilience that suggests the Federal Reserve could begin to scale back its monetary stimulus later this year.


The United States added 175,000 jobs last month after adding only 149,000 in April, the Labor Department said on Friday.

The pickup in hiring came despite tax hikes and sweeping budget cuts enacted earlier in the year. The unemployment rate ticked a tenth of a point higher to 7.6 percent, but only because more Americans began to hunt for jobs.

"The labor market continues to trudge forward," said Jim Baird, an investment officer for Plante Moran Financial Advisors in Kalamazoo, Michigan."

 

 

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3 minutes ago, Phoenix68 said:

 

avatars-000184988122-bujqj9-t500x500.jpg

What?  The actual physical moment isn't imploding around my ears like your reality is doing.

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"Retail sales rose more than expected in May and first-time applications for jobless benefits fell last week, showing signs of resilience in the economy despite belt-tightening in Washington.

"There is an emerging positive story for consumers and the potential for a virtuous cycle to take hold," said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan.

The Commerce Department said on Thursday retail sales increased 0.6 percent after edging up 0.1 percent in April. Sales had been expected to rise 0.4 percent.

Retail sales, which account for about 30 percent of consumer spending, were boosted by a surge in motor vehicle purchases as well as gains in home building materials.

That offered hope consumer spending probably would not slow too much in the second quarter, after spending fell in April for the first time in a year.

It was also an indication households were adjusting well to higher taxes and deep government spending cuts, as indicated by a surge in consumer confidence last month, economists said.

In a separate report, the Labor Department said initial claims for state unemployment benefits declined 12,000 to a seasonally adjusted 334,000 last week. The report suggested that the recent pace of steady of job gains continued in early June."

 

 

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For-Profit SLAP-DOWN!!
June 21, 2013


"Four state health insurers will return a total of $57.5 million to small employers and individuals over the coming weeks because too much of the premium dollars they collected last year went into administrative expenses and surpluses rather than medical care."

 

 

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The Clinton Years+!!!!
June 27, 2013


"It's the best-kept secret in the economics media: The United States is on the brink of a period of solid, long-term growth rivaling that of the 1950s and 1960s. It is not a finance-driven, self-destructive boom, like the 2000s' housing bubble. No, the new economy will be durably grounded in energy and heavy manufacturing, even though it will take several years to come to full fruition.

Evidence? Dow Chemical has commenced a $4 billion development in new plastics manufacturing in Texas, for example, that will start coming on stream in 2015 and be fully operational only in 2017, but it will be productive for a very long time. This will be a growth cycle with staying power.

Why haven't you heard about the boom? Official economic forecasters, like the International Monetary Fund and the Congressional Budget Office, simply have not factored America's emerging new economy into their forecasts. Instead, they still see us limping along at an average of 2 to 2.5 percent real (after inflation) growth to the farthest horizon -- a hobbled, aging power, borne down by debts and deficits, shorn of its old bounce-back vigor, tottering along just fast enough to stave off out-and-out stagnation.

There is no question that the financial crash has left deep economic scars. But the fundamentals will turn in America's favor and when they do, annual GDP growth should kick back up to at least the 3.3 percent average real growth rate that has prevailed since 1950. That's far from a startling forecast for a recovery, but even at that level, the budget problems that have so paralyzed official Washington will shrink rapidly in the rear-view mirror as tax receipts grow, making debts and deficits shrink. The seemingly crushing post WWII debt -- 120 percent of GDP -- quickly dropped from the radar screens with growth in the 3-4 percent range in the 1950s."

 

https://www.wealthdaily.com/articles/is-america-about-to-head-into-a-historic-economic-boom/4425

 

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Phoenix68, dare live in the present and stop living the glory days of people will believe anything is possible. Know the real limitations to being eternally separated while self contained to living simultaneously now.

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