U.S. Economic Data Have Been the World's Most Disappointing
 

http://www.bloomberg.com/news/articl...g-in-the-world

Overall, U.S. economic data have been falling short of prognosticators' expectations by the most in six years.

There's been one notable exception to the gloom, and it's a big one: payrolls. The economy added 295,000 jobs in February and 1.3 million over four months, a reflection of a healthier labor market in which the unemployment rate has fallen to the lowest in almost seven years.

Most everything else? Blah.

This month alone, personal income and spending, manufacturing as measured by the Institute for Supply Management, auto sales, factory orders, and retail sales have all come in a bit weak.

http://media.gotraffic.net/images/iC...g/v1/-1x-1.jpg

From the same article:

"The surprise shortfall in the U.S. doesn't necessarily mean the world's largest economy is in dire straights. It's just falling short of some perhaps overly elevated expectations."

OMG, the economy is . . . steady.

Regards,

D-Ray

Headline designed to mislead.

The US economy is the envy of the developed world right now. Can you imagine how screwed up it would be if the GOP had been able to foist austerity measures on us?

It is falling short because the effing dollar is at an all time high and that affects exports. In short we have too much of a good thing.

Actually proof that the recovery is progressing in spite of despicable efforts to sabotage the US economy to degrade the admin's stature.
Note to Turd Cruz, you still owe the country 24 bil' on lost commerce.

Sent from my SM-N900V using Tapatalk

Bingo. One of many possible bingo's actually.

Steadily flat. IMHO ridiculously so.

http://www.multpl.com/us-gdp-growth-rate

This is what you get when the economy is "centrally managed" via keeping interest rates low and gov't spending high.

Is it the envy of, say, Switzerland?

Either taxes are too low for the rate of US gov't spending, or spending is too high for the level of taxation that is being levied in the US. Frankly, I think both spending and taxation are pretty far out of whack, but the tax code of so effing complicated - purposefully kept that way by our elected class - that its almost impossible to keep a handle on it. Here's a balanced look at the big picture.

http://www.businessinsider.com/history-of-tax-rates

Also, kudos to you for your continued attempts at historical revisionism, but both parties - the White House and Congress - brought us sequestration.

http://www.politifact.com/georgia/ar...sequestration/

Whose fault is the sequester?

Both the White House and Congress, Democrats and Republicans, signed off on the agreement leading to the sequester.

Whose idea was it?

It was Obama’s idea, but Republicans agreed to it and provided key support.

Hey Whelly, I saw you and the wife in the park yesterday. Very touching.

http://cdn2.bigcommerce.com/server27...g?t=1401050362

Ever since Obama took office the right has been hoping and praying for bad things to happen to America so that they can blame it on him. And when bad don't happen they make shit up.

Fixed now.

When you two get done soiling your drawers, kindly point me in the direction of any reference this thread that lays blame on Obama. The screwed up economy and dysfunction inside the beltway is, IMHO, a bipartisan achievement. In fact, the managed interest rates / big spending has been going on consistently and unabated for about 20 years.

Actually, the Swiss economy is in a world of trouble right now.

And yes, the American economy is indeed now the envy of the industrialized nations of the world and it has nothing whatsoever to do with anything resembling GOP economic policies.

http://www.theguardian.com/commentis...-abolition-cap

I agree with you that our tax rates are too low, particularly for those in higher income brackets. I have seen no Republican plans to fix that. To the contrary, they actually want to lower rates on the wealthy even further.

If McCain would have won in 2008 (the same McCain who said our economy was in fine shape on the eve of the crash, BTW), he would have likely done the exact wrong thing to the economy in keeping with GOP supply-side/austerity silliness.

Nice to see you too, though it looks like you were pissed off about something, as usual. :p

http://www.teamjimmyjoe.com/wp-conte...ugshot-Cry.jpg

Don't be insincere whelly.

It's so unbecoming.

Did you think that if you leave something unsaid, nobody is going to call you on the obvious subtext?

We all know what's in your heart.

And likewise, you see no Dem plans to address runaway spending. Its a tug of war of priorities. On the right, its viewed as "stop spending money we don't have." While you can certainly lambaste Bush for continuing to run up spending, he's downright thrifty compared to Obama.

Uh, no. Government spending is precisely what allowed us to come out of the Great Recession in much better shape than would have been the case under austerity policies. In fact, we should have had greater government spending in response to the Great Recession, something that proved impossible when confronted with the GOP's adherence to discredited supply-side nonsense.

http://www.usgovernmentspending.com/...chartSp01f.png
http://www.usgovernmentspending.com/...chartSp02f.png

nah, just hung over

Obie never had the balls to ask Congress for the second part of the stimulus plan. Had he, things would be even better

Whelly, the problem is runaway tax cuts.

How can you fix anything if you can't understand the problem?

and...

what costs more today than that god awful War in Iraq, the sick tax cuts and the Medicare Drug gift to big Pharma under Bush boy?

The only runaway spending we have is on the Military Industrial Complex.

Every thing else is in full bore austerity mode.

Safety nets? lol

Soiled drawers are even more unbecoming, Tom. You'll need to change those skivvies pretty soon.

What's amusing is that you might even believe the BS you spew.

http://upload.wikimedia.org/wikipedi..._-_FY_2011.png

Uh, no. Government spending, an absolutely opaque domestic policy and arbitrary tax policy is what lengthened the Great Recession such that it exceeded the average duration of any prior recession.

Partisan nonsense.

Obummer didn't clean up the mess Bush left the country in fast enough, eh Whell?

https://encrypted-tbn1.gstatic.com/i...iVk_1I6H4GMarg

More likely the knee jerk fierce opposition by the Repubs to every and
anything Obama proposes.

Likewise the Great Depression and, no I don't mean war spending (though that didn't exactly hurt).

John

Over 6 years and they're still blaming Bush, huh? You musta posted a self portrait there Bob.

Kinda reminders you of how the Dems behaved under Reagan and Bush, doesn't it?

It certainly does not, whose version of history are you reading?

Texas schoolbook version.

Most of what we spend on the MID is worse than a complete waste.

Take the Iraq War. When the following article was written we were at $800 Billion. We're probably coming up on a cool Trillion by now.

http://www.pbs.org/wgbh/pages/frontl...-and-counting/

Now if we had just taken that trillion dollars out into the desert in New Mexico and piled it up into a big mountain and burned it, we would be ahead of the game. Instead we used it to make a couple of hundred million new enemies all over the world that all hate our guts.

Still trying to promote proven failed economic policies huh? You are damn near as bad as the NRA fanboys. :p


Carl

The same arbitrary tax policy existed under Dubya. He had ample opportunity to do something about it. Instead, he trashed the economy with a couple of wars, expanded Medicare and tax cuts, not to mention lax regulatory oversight of banks.

He trashed the economy to the extent that we experienced the second biggest economic downturn in history. You don't turn something like that around quickly, particularly when the GOP seemed determined to make it worse.

It's a wonder how thin these rants about the US economy are these days.

12 million new jobs under Obummer
Stock market tripled under Obummer
No dead US soldiers for over 90 days

What's a rightwing zealot to do? ;)
Hillary's emails? Hahahahahahahahaaaaaaaa. http://www.washingtonpost.com/politi...816_story.html

And let's not forget the FIVE MILLION emails that his Big Brother George "lost" when he was President.

http://www.salon.com/2015/03/12/the_...otten_partner/