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Reubaltaich 
USA Fan
A nation under duress
Member since Jun 2006
1773 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:16 am to Tim)
quote:
Growth next week will be reported at around 1%. We need at least 4% to pull us out of the recession and for tax revenue. As long as the dollar continues to plummet, the stock market will give you a false narrative. Oil production is up due to private land drilling that has nothing to do with the gov't. The news may sound good, it's all smoke and mirrors.
This
The US economy must produce at least 200K jobs a month just to to break even.
The BLS has been massaging the UE numbers the last few months just make barry look 'good' for the election.
The US economy will need to produce 300K plus jobs a month for a long sustained time to start a real recovery.
The lemmings like Rex, VOR, Vegas Bungler, DA...continue to fawn over the muzzie boy in the WH while the nation continues to burn.
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Powerman 
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115660 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:20 am to Reubaltaich)
quote:
The BLS has been massaging the UE numbers the last few months just make barry look 'good' for the election.
It's near the end of January dude...that conspiracy theory doesn't fly anymore.
quote:
while the nation continues to burn.
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Bestbank Tiger 
Tulane Fan
Landmass Gulf Coast
Member since Jan 2005
15762 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:21 am to Powerman)
quote:
Has the price of fuel gone up?
Yes. But that isn't the sole reason that transportation has become more expensive, which is the excuse you're trying to make for your Messiah.
quote:
Right. That's why it's so much cheaper here than it is in Europe.
That clearly went over your head. You libs claimed the higher gas prices during Bush's term were the result of his being in the pocket of Big Oil. I was pointing out that if you were consistent, you couldn't use higher gas prices as an excuse after years of claiming it was the President's fault.
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115660 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:26 am to Bestbank Tiger)
quote:
Yes. But that isn't the sole reason that transportation has become more expensive, which is the excuse you're trying to make for your Messiah.
Oh, cars have certainly gotten more expensive. And I disagree with Obama on these ridiculous MPG initiatives because they'll just make new cars that much more expensive.
But fuel hasn't gone up. It's remained fairly steady actually.
quote:
That clearly went over your head. You libs claimed the higher gas prices during Bush's term were the result of his being in the pocket of Big Oil. I was pointing out that if you were consistent, you couldn't use higher gas prices as an excuse after years of claiming it was the President's fault.
1. I'm not "a lib"
2. People that said that about Bush were stupid
3. The price have fuel hasn't gone up
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Bestbank Tiger
Tulane Fan
Landmass Gulf Coast
Member since Jan 2005
15762 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:31 am to Powerman)
quote:
Oh, cars have certainly gotten more expensive. And I disagree with Obama on these ridiculous MPG initiatives because they'll just make new cars that much more expensive.
quote:
But fuel hasn't gone up. It's remained fairly steady actually.
It's up more than a dollar since Obama took office. And the current prices (at least around here) are high for winter. Definitely not what I like to see since that's basically burning money and I'm not an OT baller 
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90proofprofessional
LSU Fan
Member since Mar 2004
6133 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:33 am to Powerman)
What the hell are people arguing about in this thread? The recession officially ended 2nd quarter 2009!
Will 2013 see stronger growth? Looks likely to me, unless our policy problems ruin it all.
Although historically we may actually be due for another recession here pretty soon anyway.
NBER: Average post-war contraction 11 months, average expansion 59 months
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Tiger n Miami AU83 
Auburn Fan
Miami
Member since Oct 2007
25189 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:37 am to Powerman)
We have been out of the recession for several years now.
The stock market is at all time highs again. The housing market has recovered. Not to its insanely inflated bubble highs, but to a normal healthy market. I am sorta glad banks are keeping lending tight as it helps curb rampant speculation in housing.
Inflation is tame, corporations are sitting on piles and piles of cash and wages are rising. Personally, I've gotten a raise going into the 3rd year in a row post recession.
The non-expanding labor market argument is somewhat silly considering demographics (baby boomers retiring), the changing workplace where a lot of blue-collar jobs are gone never to return, and the outsourcing of jobs to foreign countries which will continue because it is simply cheaper.
All in all, the economy is healthy.
However we still have the debt/deficit problem which will eventually bite us in the ass. It needs to be addressed now with a healthy economy, but that seems to be pretty much impossible given the retards we have in office right now.
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25189 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:39 am to Bestbank Tiger)
quote:
It's up more than a dollar since Obama took office
That is silly. It cratered right before he took office due to the massive recession.
I would bet it is down since the last summer of GWB, or about 6 months before Obama took office.
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AFtigerFan
LSU Fan
Dayton, OH
Member since Feb 2008
513 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:41 am to Tiger n Miami AU83)
quote:
We have been out of the recession for several years now.
Why don't people understand this?
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115660 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:44 am to Tiger n Miami AU83)
quote:
However we still have the debt/deficit problem which will eventually bite us in the ass. It needs to be addressed now with a healthy economy, but that seems to be pretty much impossible given the retards we have in office right now.
Yes that is still a concern obviously
The good news is that things are recovering and that should at least help on the revenue end of things
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25189 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:44 am to AFtigerFan)
Doesn't fit their agenda is my guess.
I will say the only thing about the contracting workforce that bothers me is the part that is contracting due to working age people accepting entitlements rather than taking minimum wage or whatever they can get positions. That part is pretty infuriating because I am paying them to sit on their arse with my 5 figure federal income tax bill each year.
This post was edited on 1/26 at 8:45 am
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AFtigerFan
LSU Fan
Dayton, OH
Member since Feb 2008
513 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:45 am to Tiger n Miami AU83)
quote:
and the outsourcing of jobs to foreign countries which will continue because it is simply cheaper
I disagree with you here. That trend is reversing because companies are realizing the total costs can be higher by going with a "low cost" supplier overseas. Plus they didn't anticipate all the risks involved. They lost lots of flexibility by outsourcing.
I'm not saying outsourcing is done, but many companies are bringing production back to the US.
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Tiger n Miami AU83
Auburn Fan
Miami
Member since Oct 2007
25189 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:48 am to AFtigerFan)
quote:
I'm not saying outsourcing is done, but many companies are bringing production back to the US.
Good. 
Can't say I totally keep up with the subject so thanks.
Company I was with 3 years ago made a HUGE push to send work offshore to India. I did see firsthand some of the problems. The lack of flexibility you mentioned as well as greater review time having to be spent making sure what was done was accurate and correct. Not to mention a certain loss of control over timing of workflow.
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rds dc 
Nebraska Fan
Member since Jun 2008
4226 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:48 am to ironsides)
quote:
Also ironic to see liberals high fiving over how Wall Street is doing awesome while Main Street suffers. Am I in bizarro world?
yeah, screw those fat cat 1% wall streeters, oh wait, errr
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115660 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:50 am to AFtigerFan)
quote:
Why don't people understand this?
According to people on this board we should be lining up for our bread rations any day now
As soon as they see all of this positive economic data it's like kryptonite
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115660 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:54 am to Bestbank Tiger)
quote:
It's up more than a dollar since Obama took office
Right
But the price when he took office was artificially low since the economy was in the shitter
Fuel prices aren't obscenely high right now when you look at recent history
So they're a little higher than they were in 2007 but still substantially lower than the 2008 highs
They were only "low" when the entire economy crashed
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StPeteLSU
LSU Fan
St Petersburg, FL
Member since Oct 2011
994 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 8:59 am to Powerman)
Great job President
Unemployment - 2009... 7.8%
Unemployment - 2013... 7.8% But... Some are no longer counted, so...
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Long Term Unemployed - 2009... 2.7 million
Long Term Unemployed - 2013... 4.8 million
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Workforce Dropouts - 2009... 50.1 million
Workforce Dropouts - 2013... 54.6 million
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Food Stamp Recipients - 2009... 22.8 million
Food Stamp Recipients - 2013... 46.6 million
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Average Price of Gasoline - 2009... $1.85 a gallon
Average Price of Gasoline - 2013... $3.30 a gallon
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"High" Unemployment States - 2009... 22
"High" Unemployment States - 2013... 39
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Misery Index - 2009... 7.83
Misery Index - 2013... 9.46
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Median Value of a Single Family Home - 2009... $196,000
Median Value of a Single Family Home - 2013... $186,100
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Rate of Mortgage Delinquencies - 2009... 6.65%
Rate of Mortgage Delinquencies - 2013... 10.77%
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U.S. National Debt - 2009... $10.6 trillion
U.S. National Debt - 2013... $16.4 trillion
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90proofprofessional
LSU Fan
Member since Mar 2004
6133 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 9:02 am to Powerman)
the gas price talking point has always been a red herring, and any who offer it as a serious argument marginalize their opinion imv
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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
115660 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 9:02 am to StPeteLSU)
So what about all of the recent good economic data? All fiction?
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StPeteLSU
LSU Fan
St Petersburg, FL
Member since Oct 2011
994 posts
| re: Are we finally out of the recession? (Posted on 1/26/13 at 9:04 am to Powerman)
You live in a dream world, but it is not your fault. The liberal media skews facts all the time. These are real stats. People are becoming more dependant on government. And that is what our President wants. It is one of the first steps toward socialism. Which statistic do you disagree with?
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