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re: Sometimes a little outside perspective is needed

Posted on 11/11/14 at 10:34 am to
Posted by GoCrazyAuburn
Member since Feb 2010
39641 posts
Posted on 11/11/14 at 10:34 am to
quote:

Can anyone dispute the first long paragraph?


What do you want to dispute? Most of that first section just shows quite a lot of ignorance.

Corporate profits are high, a big reason because they are just sitting on capital. This isn't a good thing. We should want them to have a market where they are confident in reinvesting those earnings.

I want to know where he got the 200k/month job numbers and the unemployment #. I'm going to make a pretty safe assumption he doesn't factor in labor participation rates.

The dollar is doing okay. He is also comparing it to when it was absolutely awful. This also doesn't take into account what is happening to other currencies or why the $ is doing better. Just an very overly simplistic analysis.

Gas prices - come on man

As for the inflation and interest rates, I don't even know where to begin with that one.

His whole position is one of ignorance.
This post was edited on 11/11/14 at 10:36 am
Posted by TreyAnastasio
Bitch I'm From Cleveland
Member since Dec 2010
46759 posts
Posted on 11/11/14 at 10:35 am to
Posted by GoCrazyAuburn
Member since Feb 2010
39641 posts
Posted on 11/11/14 at 10:36 am to
Don't Jon Hamm head nod me

Agree or disagree with my analysis?
Posted by TreyAnastasio
Bitch I'm From Cleveland
Member since Dec 2010
46759 posts
Posted on 11/11/14 at 10:42 am to
Oh, I have no idea. I dont follow politics.
Posted by GoCrazyAuburn
Member since Feb 2010
39641 posts
Posted on 11/11/14 at 10:43 am to
You........son of bitch.
Posted by BugAC
St. George
Member since Oct 2007
56883 posts
Posted on 11/11/14 at 11:20 am to
quote:

It appears that people are more interested in shooting the messanger


I'll dissect the paragraph for you Trey

quote:

Corporate profits are at record highs,


What stats is he basing this off of? Even if true, what is the definition of a corporation based on these claims. Are these profits because of or in spite of Obama's policies? Kind of an idiotic thing to claim when you give no statistics.

quote:

the country's adding 200,000 jobs per month,


This is true. However, 200,000/month is woefully inept and barely keeps up with the population rate. In order for sustainable growth to happen coming out of a recession the US economy needs to add roughly 400k/month. This is a bad, bad point by the author.

quote:

unemployment is below 6%,


What is the labor participation rate? There is a thread on here daily discussing the labor participation rate, and the fact that REAL unemployment is hovering around 10%-11%. Get your head out of your arse.

quote:

U.S. gross national product growth is the best of the Organization for Economic Cooperation and Development (OECD) countries.


And it has been for nearly 80 years. Another stupid fact that means nothing. We are still underperforming every economic model based on US standards. Are the new standards based on being equal to the UK? I sure as hell hope not, or poverty will skyrocket.

quote:

The dollar is at its strongest levels in years


Compared to what? You can't just say the dollar is strong. It means nothing. Do you mean purchasing power? Well if so, that's a complete lie. The dollar has the lowest purchasing power on record, today. Is the author adjusting for inflation?

Let's just use a common comparison. The Euro, and let's see how the dollar stacks up. The dollar has gone down compared to the Euro just within the past year.

LINK

quote:

the stock market is near record highs,


Yet another idiotic generalization that has zero to do with the President. If so, then i guess he must also shoulder the blame for horrible performance his first 5 years in office. ANd then you must give credit to GW Bush for highs during his term. Again, no facts to back up claim that it is specifically due to the president.

quote:

gasoline prices are falling


Exactly what policies from Obama are attributed to this?

quote:

there's no inflation


Well this is complete and utter horseshite.

quote:

interest rates are the lowest in 30 years,


Yes, and most of this is attributed to the financial crumble in 2008 that was directly correlated to Clinton era policies and Dodd/Frank, forcing banks to give risky loans backed by toxic assets. Once that bubble burst, the economy tanked, and you get what happened in 2008. So, as a result, banks are requiring much higher interest payments for risky loans that dissuades risky borrowers. But hey, keep Obama in office and he'll turn that shite around if he could and force banks to give everyone a home. Hell, Landrieu and Hillary campaigned on that back in 2012 for Obama. So he deserves zero credit for this.

quote:

U.S. oil imports are declining, U.S. oil production is rapidly increasing


Production is increasing but not due to government policies. Oil and Natural gas leases have increased on PRIVATE LAND, not on federally owned property. Leases on federally owned property have decreased.

LINK

quote:

the deficit is rapidly declining


When you spend 4 trillion in one year, then only 3 trillion in another, that is not an accomplisment. Thats a shameful and embarrassing economic policy. Tell me, how is that federal DEBT doing? What's that? $17 trillion and growing? Yeah, frick you.

quote:

When you are done with Obama, could you send him our way?


Take him....NOW!

So Trey, i managed to completely dismantle every liberal talking peace by Richard Brunt that's been repeated by you lefties all year. You should know better than to come here with this shite. We have the facts on our side.

The question is, will you debate, or simply disagppear or say, "i was just posting what the article said, dont shoot the messenger".
This post was edited on 11/11/14 at 11:22 am
Posted by Chimlim
Baton Rouge, LA
Member since Jul 2005
17773 posts
Posted on 11/11/14 at 11:30 am to
Funny how he has no facts to back up his meaningless drivel.
Posted by lsu480
Downtown Scottsdale
Member since Oct 2007
92902 posts
Posted on 11/11/14 at 12:18 pm to
To answer his last question, GLADLY!
Posted by goatmilker
Castle Anthrax
Member since Feb 2009
74035 posts
Posted on 11/11/14 at 12:28 pm to
quote:

Can anyone dispute the first long paragraph?


Not much to dispute but your retort.

That 1st long paragraph is not all that is going on. It is not all of what is happening in this country nor where we are headed.
That long 1st paragraph as you say is a small part of a much bigger picture that Americans expressed their vote on.
And voted against in no small measure who is framing that picture.

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