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The Obama Economy Is Not Working For Democrats....

Posted on 9/4/14 at 10:10 am
Posted by DeltaDoc
The Delta
Member since Jan 2008
16089 posts
Posted on 9/4/14 at 10:10 am
LINK

quote:

At Milwaukee Laborfest in Wisconsin this past weekend, President Obama spoke about how he and the Democrats believe the American economy has strengthened over the last six years. The president told the crowd that “by almost every measure, the American economy and American workers are better off than when I took office.” That just isn’t true. And a trove of new analysis proves my point.

A definition of being off-message is when a politician says things to people that differs from what they observe for themselves. Happy talk about the economy doesn’t fool anybody; it makes them angry. According to a George Washington University Battleground poll released today, 54 percent of voters disapprove of the job President Obama is doing on the economy. Even more telling, an NBC News/Wall Street Journal poll from August showed that 49 percent of Americans still think we are in a recession. In that same poll, 76 percent said that they do not feel confident “that life for our children’s generation will be better than it has been for us.”

The truth is, in many ways Americans are worse off today than they were before the recession. Sentier Research released a report showing that median household income is down 4.8 percent from December 2007, when the recession began, and down 3.1 percent from the end of the recession in June 2009. The last time I checked, having less money is not an indication that you are better off.



quote:

The labor force participation rate is still incredibly low, at only 62.9 percent. Democrats can crow about how the unemployment rate has now decreased to 6.2 percent, but the primary reason for that drop is not because people have gone into comfortable retirement; it’s because they can’t find a job. So when the president says that “more folks are working,” people are left shaking their heads, wondering if the president doesn’t know, doesn’t care or thinks it is effective to be deceitful.

There are just too many bothersome facts about the lack of growth and jobs in today’s economy. This administration is the most anti-business administration since World War II, and people who want to work notice.

I don’t ever expect the president to stand in front of a crowd and say “woe is me, I’m a failure,” but when he goes out there and pats himself on the back, crowing about the success of the Obama economy, he only makes his political situation worse.

Posted by DeltaDoc
The Delta
Member since Jan 2008
16089 posts
Posted on 9/4/14 at 11:00 am to
Any democrats on here disagree with the article?
Posted by bamarep
Member since Nov 2013
51806 posts
Posted on 9/4/14 at 11:01 am to
Sure it is. Look at how many of them are getting a check for not doing shite since he took office.

He's made buying votes not only legal but an art form.
Posted by NC_Tigah
Carolinas
Member since Sep 2003
123896 posts
Posted on 9/4/14 at 12:53 pm to
quote:

Any democrats on here disagree with the article?
bump
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 9/4/14 at 1:04 pm to
quote:

Any democrats on here disagree with the article?


I am a democrat, but the economy is a lot better than when he took office, jan 2009. Not every measure though, and the economy is only better by comparison, its not actually good for all the reasons listed.

Posted by SirWinston
PNW
Member since Jul 2014
81639 posts
Posted on 9/4/14 at 1:08 pm to
quote:

Any democrats on here disagree with the article?


I'm not a democrat but I'm a "secular progressive" as Papa Bear O'Reilly would call it, his voice dripping with disdain.

I would say that under Obama the gap between the have and has nots has continued to grow at alarming rates - arguably his biggest "failure" as President from the liberal point of view.

With that said, as a motived young professional, IDGAF because I feel like I'm my way to becoming a "have" - my 401k has never looked better, I'm in better financial shape than ever, and my career is in better shape than ever.

This is still America and if you work your arse off you're still likely to make your own breaks. I'm happy that the stock market is still rocking and rolling and that jobs are coming back in the private sector at a rate that even right wingers can't fairly criticize. If teachers and blue collar workers are upset about their pensions they're living in a dream world - there's no way that the demographics in America can support that crap any longer. They can still make a great living by starting their own blue collar companies and providing good, reliable work and services.

As for teachers? I don't mind them making a decent living with benefits and healthcare, but hell no to their obscene pensions. They can also GTFO with their $65k per year nonsense plus pensions.
This post was edited on 9/4/14 at 1:11 pm
Posted by CptBengal
BR Baby
Member since Dec 2007
71661 posts
Posted on 9/4/14 at 1:09 pm to
quote:

jobs are coming back in the private sector at a rate that even right wingers can't fairly criticize.


good god, what do you do?
Posted by SirWinston
PNW
Member since Jul 2014
81639 posts
Posted on 9/4/14 at 1:12 pm to
I'm in industrial manufacturing sales/services. I visit manufacturing facilities all over America and no kidding - everybody is hiring like we've not seen since the 1990's. I've seen this firsthand for the past 14 months. Warehouses are expanding, five and six-figure equipment is being purchased regularly. Four of my six reps will bank six-figures this year and zero did last year (I inherited them but none were close). I feel like I have access to some leading indicators that lots of people may not and I feel great about American business.
This post was edited on 9/4/14 at 1:13 pm
Posted by texashorn
Member since May 2008
13122 posts
Posted on 9/4/14 at 1:16 pm to
quote:

I would say that under Obama the gap between the have and has nots has continued to grow at alarming rates - arguably his biggest "failure" as President from the liberal point of view.

With that said, as a motived young professional, IDGAF because I feel like I'm my way to becoming a "have"


Nice. Just another selfish liberal, I see.
Posted by Taxing Authority
Houston
Member since Feb 2010
57223 posts
Posted on 9/4/14 at 1:28 pm to
quote:

With that said, as a motived young professional, IDGAF because I feel like I'm my way to becoming a "have" -
Yup. Typical liberal.
This post was edited on 9/4/14 at 1:29 pm
Posted by GoCrazyAuburn
Member since Feb 2010
34884 posts
Posted on 9/4/14 at 1:29 pm to
quote:

I've seen this firsthand for the past 14 months. Warehouses are expanding, five and six-figure equipment is being purchased regularly. Four of my six reps will bank six-figures this year and zero did last year (I inherited them but none were close). I feel like I have access to some leading indicators that lots of people may not and I feel great about American business.


Representative heuristics are not your friend in this discussion. Your situation is not indicative of the entire market.
This post was edited on 9/4/14 at 1:30 pm
Posted by imjustafatkid
Alabama
Member since Dec 2011
50429 posts
Posted on 9/4/14 at 1:31 pm to
quote:

"secular progressive"


So...Green Party?
Posted by SirWinston
PNW
Member since Jul 2014
81639 posts
Posted on 9/4/14 at 2:04 pm to
Agnostic social liberal with a small government / free market libertarian streak. Also big into the manosphere/anti-feminist thing (which is interesting place to be when you're socially liberal as on almost every other issue imaginable) I'm very hedonistic, "I am captain of my destiny", YOLO type. Sex, Drugs, Gambling, Rock N Roll.

I'm a global warming skeptic but I do think that even if it's largely bullshite we can milk it to create tons of jobs and help the economy. The entire financial sector is largely a fraud and shifting paper/commodities around with no real contributions. Why not develop a setup like that re: environmental commodities, etc. etc. I liked Romney's opinion on go-forward environmentalism. I abhor Al Gore.
This post was edited on 9/4/14 at 2:07 pm
Posted by Zach
Gizmonic Institute
Member since May 2005
112467 posts
Posted on 9/4/14 at 2:12 pm to
quote:

I am a democrat, but the economy is a lot better than when he took office, jan 2009


So, the first 7 years of Bush is good. But the 8th was bad. So, all 6 years of Obama is bad. But better than the 8th year of Bush. Aren't you ashamed? My grandchildren understand the math.
Posted by Hawkeye95
Member since Dec 2013
20293 posts
Posted on 9/4/14 at 2:15 pm to
quote:

So, the first 7 years of Bush is good.

actually the first 2 were kinda shite
quote:

Aren't you ashamed? My grandchildren understand the math.

frick no, i mistyped I am a democrat but i doubt anyone will believe that.

i didn't vote for obama and would grade him a D- on the economy.
Posted by DeltaDoc
The Delta
Member since Jan 2008
16089 posts
Posted on 9/4/14 at 3:13 pm to
quote:

Representative heuristics are not your friend in this discussion. Your situation is not indicative of the entire market.


I tend to agree...though my knowledge of current trends relates to medicine, farming/ag (family) and the legal field (close relatives).

Medicine is probably a less desirable field from an income and future earnings standpoint than at any time in American history. The rate of dissatisfaction among physicians is alarming, to say the least.

The farming world is similar to what it has been. The yields are higher due to better technology, but the input costs are also at an all-time high. It is what it is.

Based on what I understand of the legal world, which is primarily big civil defense, it is in horrible shape right now for a number of reasons, including tort reform reducing the number of suits, businesses less willing to litigate due to less income, businesses unwilling to pay hourly rates, too many lawyers being graduated into the world, etc.

I also have a relative that is in banking and a few friends in banking. They all say that the banking industry is essentially federalized now and that the outlook is very bleak.

I am glad that it sounds like manufacturing is turning around apparently. That info seems to run contrary to what I have read and heard though.
Posted by constant cough
Lafayette
Member since Jun 2007
44788 posts
Posted on 9/4/14 at 3:17 pm to
quote:

The Obama Economy Is Not Working For Democrats....



Surely not in the middle of Recovery Summer 6.0!
Posted by Zach
Gizmonic Institute
Member since May 2005
112467 posts
Posted on 9/4/14 at 3:17 pm to
quote:

actually the first 2 were kinda shite

Compared to which 2 of Obama's 6?
Posted by TygerTyger
Houston
Member since Oct 2010
9201 posts
Posted on 9/4/14 at 3:23 pm to
quote:

Based on what I understand of the legal world, which is primarily big civil defense, it is in horrible shape right now for a number of reasons, including tort reform reducing the number of suits,



GOOD!

And guess what, that tort reform, pioneered here in Texas, is what has our state economy kicking everyone elses arse.
Posted by Gray Tiger
Prairieville, LA
Member since Jan 2004
36512 posts
Posted on 9/4/14 at 4:00 pm to
quote:

I feel like I have access to some leading indicators that lots of people may not and I feel great about American business.



It's always cool to come here and get secret inside information. I wonder if it's as good as the inside info nearly everybody has on the Rant.
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