Members banned from this thread: evince, Truth Detector and BidenPresident |
I’m still not following why you are so upset that the topic is the economy and its current condition/performance. Whether it’s good, bad, or just putzing along in neutral the economy is always going to be at/near the top of people’s minds. (Maybe you are independently wealthy and therefore the topic is irrelevant to you. A tip of the cap to you if you’ve reached that position.)
No- I am not wealthy!
I have lived 70 years of watching both good and bad economic times, and trust me- I have been a victim and benefactor to many of them.
Economies eventually work their way through all Bad economic times. There are millions of factors and dynamics that have to do with how good or how bad an economy can be.
It's not a switch a president has- he can flick to fix a bad economic time- it often times is not even a switch at the voters booth that fixes bad economies.
Sometimes- it is patience- Sometimes it's perseverance- sometimes it's making the right decisions for you and your family- SOMETIMES IT'S JUST BLIND LUCK!
But Pointing fingers does not help economies. Remaining disgruntled over losing an election doesn't help anything! Constantly blaming your political rivals doesn't resolve anything!
Now again- Tell us what you would do to help resolve the inflation problems we are experiencing!
Let me assure you- You want influence with others?- STOP THE FINGER-POINTING AND TELL US WHAT YOU WOULD DO TO HELP RESOLVE ISSUES.
Constantly nagging about your political adversaries is just politics as usual. Political fights end up as Farting contests!
You want a farting contest! Go ahead- You go first! Let's see how our farting contest helps our economy!
Last edited by Geeko Sportivo; 06-30-2022 at 04:14 PM.
Yes, I read your OP!
Looked like the usual pissing and moaning Trumptards are using to blame Biden for everything imaginable!
What was your purpose for the thread? Be honest! What? Do you think if the country goes into recession that that would automatically be bad for Biden- or the Democrats?
Why did you feel as if you had to point out that the author of the source you used was a liberal!
Does that make a difference?
You know I have read economists points of views all my life- I never even questioned their political affiliations.
Of course that would become clear if economist blamed a president for the Recession.
Did this so called Liberal economist blame Biden for anything?
Should he?
The jist of what he said is we could be heading into a recession!
WHOOPTY DO- I COULD HAVE TOLD YOU THAT!
Last edited by Geeko Sportivo; 06-30-2022 at 05:19 PM.
Rune (06-30-2022)
The U-3 (the unemployment rate) means little.
It was modified in 1994 to deliberately make the U-3 look better (though few will admit the latter).
https://www.bls.gov/osmr/research-pa...4/cp940090.htm
It does NOT mean the same now as it did pre-1994.
In fact, it is a joke.
It completely ignores ALL persons who have no job, want a job and are available to work...but (for whatever reasons) have given up looking for work.
That is nuts.
You cannot expect people to look for work forever.
Eventually, they have to make other arrangements - work part time, work under the table, go back to school, etc.
The U-3 used to count these people as unemployed...not any longer.
Now?
If America had only one person working and 200 million people looking for work and ready to work...but had given up working because there was no jobs available?
The official U-3 - in this case - would be 0.0%.
That is utterly ridiculous.
1 person working in ALL of America and the U-3 can be 0.0%.
The U-3 is pathetic.
Even the U-6 is flawed...for various reasons.
The best measure now is the Employment-population ratio.
It is a relatively, pure statistic with no exemptions or alterations.
https://www.bls.gov/charts/employmen...tion-ratio.htm
As you can see from the above link to the bls, the ratio is still way below what it was before the Great Recession (higher is better).
So no, the employment situation in America is not good.
It NEVER, fully recovered from the Great Recession.
anatta (07-01-2022)
Did I insult a family member in a previous life? Kind of fascinated by this visceral anger in your responses here.
Here’s a thread I started in 2019, while Trump was President, entitled Recession Signs Everywhere. Discussing current economic conditions is relevant to me but wonder if you would have flown off the handle at me as well if you were posting then?
https://www.justplainpolitics.com/sh...t=John+mauldin
it's gonna get worse. a recession brings lay offs.
Interest rates are going to have to equal inflation numbers to tame inflation
People are going to lose jobs, the economy contracts, we produce less and import more because we are consumers. I dont know where this ends. but a contracting economy is a death spiral
McRocket (07-01-2022)
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