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The ownage in this thread is epic. :1orglaugh
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It's like trying to explain to a small child that the moon really isn't following him.
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And the thread is not entitled are you better, it's are "WE" better off. I just see 14.3% on food stamps in the US and I'm not happy when we are spending millions using drones in Pakistan |
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I agree with you on the drones in Pakistan, think we should bring as many of our troops as possible out of the whole region. But i think with all the natural resources especially those found in Afghanistan we will be there awhile. |
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Also, the particular point of gas prices goes beyond the mere meaning of one sentence. You use it in the OP to provide an example of things being worse. I've tried -- quite patiently I think -- to help you understand that you have that exactly backwards. You have already shown your true reason for the thread. I doubt this comes as a surprise to anyone who reads your posts, but politics aside, "we" are definitely better off without having experienced a collapse of the world credit markets and a deflationary depression, and I don't know a single intelligent person who thinks otherwise. Neither Bush nor Obama did, which is why they both moved quickly to backstop the collapse. Of course, that is not to say that I'm happy about what this has all come to. "We" face tough times and it won't be easy sailing ahead. I personally think it will get worse, but that's beside the point. |
Saw posted some place the other day that the number of Job openings almost doubled this month and the number of un-employed went up at the same time.
Sounds to me like a lot of people should be willing to work when they can rather than hold out for that rocket scientist job. |
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http://www.nytimes.com/2010/06/14/wo...4minerals.html It's just that most that voted for Barry were tired of the wars that Bush started , now we are shooting in 2 more countries |
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Better use protection every time these day's, AIDS is also up 9% this year.
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If the prices of fuel keep going up, what happens to the prices of everything else? Yes, the government stepped in and saved the banks, I'll bet it happens again in the next 20 years You haven't shown any patience, you have just blasted me for thinking differently from you, wow!! I don't think with a trillion dollars spent on stimulus and cash for clunkers that really didn't work IMHO and shooting people in 4 countries and 14.3% of the nation on food stamps and hovering at 9% or higher unemployed we are doing better. You feel differently, good for you |
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This means inflation is double. That's what you wrote. Read what you wrote and stop after "that's double". English is your first language, right? Quote:
The part you are missing is that commodity prices are not completely at the mercy of fuel prices or the US$. They are affected by disease, weather and other factors that affect supply and demand. And, the fact that you have not addressed my explanation for why energy prices were so low in 2009 is noted for the silent concession that it is (unless you want to argue differently). Quote:
I don't get the impression you fully understand this. That's okay, the majority of the population doesn't either. Quote:
If by blasting you it simply means that I'm not arguing from ignorance then so be it. I've tried to explain it, but you have mental earmuffs on. Quote:
I guess since you don't really understand economics and where we were in 2008-9, anything short of 5% GDP growth, 5% unemployment, $1.79 gas, world peace and no one on food stamps seems a failure. This is simpleton thinking, of course. The reality is, you are just a partisan hack as your posts clearly illustrate. Why don't you try learning some economics so you can argue these points intelligently? |
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inflation from 12.5 to 4.4 unemployment from a high of 10.8% to 5% and had a growth of gdp of 3.85% on average a year So don't tell me it can't be done Quote:
I have a common sense question for you, when the government has less to spend, because of people out of work, why would the government think its a good time to increase spending by adding more entitlements? |
Reagan tripled the deficit and the jobs arent coming back.they been shipping them overseas for awhile now.We have lost over 50 thousand factories in the past ten yrs alone. I dont care who is president, plan on 8 percent uniemployment being the new normal. Also all that prosperity was an illusion wages have been flat since reagan and cheap credit gave the illusion of doing better than one was truly doing. Clinton signed nafta that was the final nail in the coffin.
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I think what Reagan started was mishandled after he left. I still think with good leadership we could do better, I believe in change, just not what Barry promised and didn't deliver |
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I also believe that while there are differences between political parties, they are more similar than they are different. And I believe there are forces at work that impact economics / markets that are greater than who's in power, and by "forces" I don't mean specific people, groups, corporations or governments. |
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Oil went to $140 in 2008. From that high it collapsed to under $40 within about 8 months. It didn't fall that hard because GWB had success with energy policy or because of the Oil spill (which didn't occur until 2010). Oil is currently trading at 101.66 basis the June contract. NOW.... Read carefully... It fell because the financial system was about to collapse and deflation was rearing its' head. It's also hard to believe that you don't understand what would have happened if Bush and Obama, et al (and the FED) did not rush to backstop the system once it started imploding. Regardless of why or who's fault it was or what the antecedent causes that led up to all this were.... What do YOU think was going to happen if nothing was done? Reagan did not have the same problem. Not only was it the complete opposite economic situation, it wasn't anywhere close to as large a problem / danger. Again, you just seem to have no grasp of economics or the direness of the situation. Your appeal to "look at history" here illustrates that you are arguing from ignorance. There are a lot of people who argue against Keynesian economics, but I think you have to separate the model from how it's been applied. So in simple terms.... In theory, you are supposed to save when times are good and spend when times are bad. Fiscal (spending) and monetary policies would be used to smooth out what are normal cycles in economic conditions. The problem is that politicians (Republicans or Democrats) have been piss poor at the "saving when times are good" part. And, one could argue that the FED has been too aggressive with monetary policy, although they probably were in reality simply living up to their mandate. That's another debate. The answer to your question is that if they don't "re-prime the pump", the economy is more likely to slip back into DEFLATION (the problem being faced in 2008 as opposed to 1980) and -- here's the important part -- this would be magnitudes of orders worse than what we have now. IOW, the Great Depression on steroids. |
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Unemployment is down to 7.3%. http://yourmoney.blogs.cnn.com/2013/...iref=allsearch |
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Seems to be cheaper than when Bush left office, so that's a good thing. |
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I'll give you a hint... It's not because of the current administration. |
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