thisnumbersdisconnected
New Member
Crabby claimed on another thread (which wasn't about the economy) that the "Democrats have 'pulled the economy out of the ditch' " which is, of course, so much horse hockey and hogwash. I've moved my comments on that ridiculous response to this new thread to avoid further derailing the discussion.
1. Annual US GDP growth, adjusted for inflation, has averaged an anemic 3% for the last five years -- through June of this year -- versus 5.1% during the same span after the severe 1981–82 recession (the Reagan years, should I need to remind you). Average growth per year is an amazingly lousy 0.6%.
2. The economy has yet to return to anywhere near its pre–Great Recession growth trend. If it had, the economy would be $1 trillion bigger today.
3. This recovery has seen the weakest increase in real disposable income of any of the seven most recent recoveries, according to ITG Market Research.
4. The average US household has recovered a mere 45% of the wealth lost during the Great Recession, according to the St. Louis Fed.
5. The economy has 2 million fewer private-sector jobs than it did at the January 2008 peak, and of the 922,000 people who have found jobs since July a year ago, an astounding 70% of them are part-time, meaning they have chosen to be merely underemployed as opposed to unemployed.
6. If average monthly job gains remain close to the last twelve months’ average of 180,000, then private-sector payrolls will hit an all-time high in just under one year. But even then, job levels will still be far below where they would be if the trend from 1990 through 2007 had continued, a shortfall equaling nearly 12 million missing workers.
7. If not for a collapse in the labor-force participation rate — mostly due to weak labor demand rather than demographics, according to Goldman-Sachs — the unemployment rate would be at least 9%, not 7.5%.
8. The broader U-6 jobless rate, which includes some discouraged workers and part-timers who would prefer full-time gigs — is just shy of 14% vs. 8% pre-recession.
9. There are 4.4 million Americans — a whopping 37% of the total unemployed population — who’ve been unemployed for 27 weeks or longer. This group, given skill erosion and hiring bias, could become a large permanent pool of jobless Americans.
GDP actually reflects the poor state of the economy. Despite what liberals want you to believe, companies want to hire workers. But they hire workers only when they think they’ll make more money from the resulting production than they will spend on the increased work force. In a way the GDP numbers epitomizes Obama’s economic philosophy: He’s managed to squeeze a whole year’s worth of economic activity into five years and counting.
There are over million Californians who today remain unemployed, many of whom are still jobless after using up 99 weeks of unemployment benefits made available by the state and federal government according to an article by the San Diego Union Tribune.
This is the Democrats’ economy. It’s everything they asked for.
They got nationalized healthcare, they got the auto bailout, they got the pork barrel spending we call stimulus. They also got the opportunity to put a million electric vehicles on the road.
They invested in solar, in unions, in government. And still, they’ve produced the worst recovery ever.
Strike that.
It’s because they got nationalized healthcare, and they got the auto bailout, and they got the pork barrel spending we call stimulus; plus they got the opportunity to put a million electric vehicles on the road; AND because they invested in solar, in unions and in government that we have the worst recovery ever.
From 1932 to 1937, during the “Great Depression” the GDP of the United States grew 25 percent or at an annual average rate or 5 percent per annum. Yet the average government spending was about 15 percent of GDP during that period. Today, government spending is nearly 40 percent of GDP and we are getting about 1/10th of the return that our grandfathers enjoyed.
There’s a connection between unemployment and GDP.
It’s starts with bad investment decisions.
Imagine that: Politicians making bad investment decisions.
The best decision that we can make as a counter is getting politicians to make no investment decisions at all. Let the people who built American business -- the ones Obama claims "didn't build that" -- tell Washington how to grow the economy.
But first, get rid of the socialists. They're the ones making the bad decisions, and Obama is their leader.
mediaite.com said:
Amazing. You and this nonsense website actually think the economy has recovered?? Where on God's green earth is there evidence for this claim? Let's take a look at the facts:
1. Annual US GDP growth, adjusted for inflation, has averaged an anemic 3% for the last five years -- through June of this year -- versus 5.1% during the same span after the severe 1981–82 recession (the Reagan years, should I need to remind you). Average growth per year is an amazingly lousy 0.6%.
2. The economy has yet to return to anywhere near its pre–Great Recession growth trend. If it had, the economy would be $1 trillion bigger today.
3. This recovery has seen the weakest increase in real disposable income of any of the seven most recent recoveries, according to ITG Market Research.
4. The average US household has recovered a mere 45% of the wealth lost during the Great Recession, according to the St. Louis Fed.
5. The economy has 2 million fewer private-sector jobs than it did at the January 2008 peak, and of the 922,000 people who have found jobs since July a year ago, an astounding 70% of them are part-time, meaning they have chosen to be merely underemployed as opposed to unemployed.
6. If average monthly job gains remain close to the last twelve months’ average of 180,000, then private-sector payrolls will hit an all-time high in just under one year. But even then, job levels will still be far below where they would be if the trend from 1990 through 2007 had continued, a shortfall equaling nearly 12 million missing workers.
7. If not for a collapse in the labor-force participation rate — mostly due to weak labor demand rather than demographics, according to Goldman-Sachs — the unemployment rate would be at least 9%, not 7.5%.
8. The broader U-6 jobless rate, which includes some discouraged workers and part-timers who would prefer full-time gigs — is just shy of 14% vs. 8% pre-recession.
9. There are 4.4 million Americans — a whopping 37% of the total unemployed population — who’ve been unemployed for 27 weeks or longer. This group, given skill erosion and hiring bias, could become a large permanent pool of jobless Americans.
GDP actually reflects the poor state of the economy. Despite what liberals want you to believe, companies want to hire workers. But they hire workers only when they think they’ll make more money from the resulting production than they will spend on the increased work force. In a way the GDP numbers epitomizes Obama’s economic philosophy: He’s managed to squeeze a whole year’s worth of economic activity into five years and counting.
There are over million Californians who today remain unemployed, many of whom are still jobless after using up 99 weeks of unemployment benefits made available by the state and federal government according to an article by the San Diego Union Tribune.
This is the Democrats’ economy. It’s everything they asked for.
They got nationalized healthcare, they got the auto bailout, they got the pork barrel spending we call stimulus. They also got the opportunity to put a million electric vehicles on the road.
They invested in solar, in unions, in government. And still, they’ve produced the worst recovery ever.
Strike that.
It’s because they got nationalized healthcare, and they got the auto bailout, and they got the pork barrel spending we call stimulus; plus they got the opportunity to put a million electric vehicles on the road; AND because they invested in solar, in unions and in government that we have the worst recovery ever.
From 1932 to 1937, during the “Great Depression” the GDP of the United States grew 25 percent or at an annual average rate or 5 percent per annum. Yet the average government spending was about 15 percent of GDP during that period. Today, government spending is nearly 40 percent of GDP and we are getting about 1/10th of the return that our grandfathers enjoyed.
There’s a connection between unemployment and GDP.
It’s starts with bad investment decisions.
Imagine that: Politicians making bad investment decisions.
The best decision that we can make as a counter is getting politicians to make no investment decisions at all. Let the people who built American business -- the ones Obama claims "didn't build that" -- tell Washington how to grow the economy.
But first, get rid of the socialists. They're the ones making the bad decisions, and Obama is their leader.
