patrick.net

Blurtman says

To sum it up for ya in simple terms:

since 2009

- Stocks are up - the stock market has recovered, yes. But consider the impact of low interest rate fueled stock buy backs.

there is always a reason for everything but when we are talking about if things are better then up is better ...down is worse, agreed?

- foreclosures down - lending standards have been tightened, and bubble foreclosures resolved over time.

thank you Obama

- unemplyment rate down - Not the whole story. If everyone stopped looking for work, the unemployment rate would be zero. You have to look at the labor force participation rate, and also Core Employment (Age 25-54) which has not recovered.

sure but...have people honestly stopped looking for work? And do what?

- consumer spending up

- housing prices up - Home ownership is far below where it was.

thank you Goldman Sachs / Repugs - getting rid of regulations and giving every american a home until the bubble busts so that rich investors can scoop up those houses for half

- record car sales - You'd have been touting NINJA home loans, too, when they were happening, I assume?

you are comparing Car sales with worthless Ninja Bullshit Loans now ?

- record corporate profits

- jobs added every month (vs loosing jobs which he have been there) - W. Bush has the second worst job creation record of any president. Hoover is number 1.

you are right - there is no sign AT ALL that things are better now then 7 years ago....NADDA. - W. Bush is a very low bar. Worst president ever.

Right - but not in the book of the die hard republicans who will tell you Obama is THE worst president.

SubOink says

What I am saying is ...there has been improvement - a recovery - call it a modest recovery then

There has been a modest recovery. But the recovery is overrated, not sustainable, innocent people were punished by the downturn and made to pay for the recovery, and those at fault have been rewarded instead of punished.

As for Republicans, they are not reality-based and you can just forget about getting any sort of sensible opinion from them if it makes Democrats look good. Don't even bother trying, just point out the falsehoods and leave it at that.

justme says

Don;t even bother trying, just point out the falsehoods and leave it at that.

very true !

sorry folks on the post above - somehow the quoting got messed up - not sure how to fix it ...oh well

I don't have you on ignore - maybe I should ? :) :) :)

Ironman says

SubOink says

foreclosures down

So is home ownership

thank you Mr. Bush

Ironman says

SubOink says

unemplyment rate down

Because less people are working

-

Jobs have been created - maybe not enough but it counts as an improvement

SubOink says

But what puzzles me is that whenever I talk to my die hard republican friends that they are so negative and deny an obvious recovery of the last 7 years...

Facts mean nothing to them. They can't give president blackie a win, no matter what. To them, it would be like admitting Hitler did a fine job on the autobahn.

Of course, it does not matter to them how much their team fucks America
- committing treason by revealing the identities of CIA operatives to our enemies as those CIA operatives are trying to prevent terrorists from getting nukes
- deliberately sabotaging the economy
- starting wars to raise the price of gasoline
- letting 9/11 happen so that "America gets another Perl Harbor" and they can push through their agenda
- torturing innocent people
- blowing up innocent children, you know, pro-life stuff

But let a black president get credit for a good economy or killing the lead terrorist behind 9/11, that's unthinkable. I give credit to Obama for both those things, and I don't even like his policies. But conservatives cannot admit they are wrong about anything or that the other side is right about anything.

SubOink says

sure but...have people honestly stopped looking for work? And do what?

It sounds hard to believe, but folks are living at home with their parents, hiding out in school and waiting for better times, perhaps participating in the underground economy. Here is one explanation, but others might point to the lack of boomers' retirement savings and the rising employment rate of the over 65 group as at odds with the aging out boomers explanation.

"The non-partisan Congressional Budget Office (CBO) suggests that there’s a pretty clear reason. “An unusually large number of people have stopped looking for work,” CBO analysts wrote in a broad-based analysis of the labor market published back in February. ........ Some folks do appear to have dropped out of the workforce all together. The BLS counts a category of people called discouraged workers (fifth chart)—those who haven’t looked for a job in the past four weeks, specifically because they believe there aren’t any jobs for them. Even though they want work, these people aren’t counted as part of the labor force because they’re not actively looking.
And, indeed, years into the economic recovery, the number of discouraged workers remains high. This is related to “unusual aspects of the slow recovery that led workers to become discouraged and permanently drop out of the labor force,” wrote the CBO."

http://qz.com/286213/the-chart-obama-haters-love-most-and-the-truth-behind-it/

"you are comparing Car sales with worthless Ninja Bullshit Loans now ?" - Not just me. Subprime Auto Loans Have Got Regulators Worried http://fortune.com/2015/11/20/subprime-car-loans/

Blurtman says

It sounds hard to believe, but folks are living at home with their parents, hiding out in school and waiting for better times, perhaps participating in the underground economy

If you are in school then great - you are furthering your career

Sitting at home and not even looking...seems pretty far fetched - we all know that if you want a job you can have a job

Obama did peachy that's why there's a billion person strong army working tirelessly around the clock to continue Obama's legacy. NOT!!!!!

Obama sucks. Because of Obamacare, Frank-Dodd, Common Core, did not ease up on war.

The real problem is the legacy this asshole leaves.

But undeniably the economy is improving: DESPITE Obama

indigenous says

Obama sucks. Because of Obamacare, Frank-Dodd, Common Core, did not ease up on war.

The real problem is the legacy this asshole leaves.

But undeniably the economy is improving: DESPITE Obama

A little hyperbole, but generally agreeable. Meanwhile the wheels are coming off Obamacare and more and more people are reporting such dramatic deductible increases that they are far worse off than before. The market is not having it either.

mell says

Meanwhile the wheels are coming off Obamacare

Will it be repealed?

indigenous says

mell says

Meanwhile the wheels are coming off Obamacare

Will it be repealed?

If Trump wins, yes. If any of the Cuckservatives wins, it is questionable. Paul would also have pushed for a repeal but he is not going to win. If the Dems win it won't be repealed for sure. The problem with such monstrous legislature is that once it is enacted it is very hard and costly to dismantle.

Tru Dat, like any other agency once paycheck become dependent on it...

Ironman says

Because it's all been financed, not paid with cash:

when is it ever cash?

indigenous says

mell says

Meanwhile the wheels are coming off Obamacare

Will it be repealed?

Obamacare was an attempt at the right direction which was mostly met with resistance and road blocks from the other side which is why we ended up with a hack job - we gotta vastly improve it not repeal I'd say - where would insurance premiums be without Obamacare, much higher. But it depends on everyone's personal story. I have friends who are very happy and others who are very upset because their family plan is out of reach.

Are republicans going to be the ones that will make health insurance affordable? How was it under Bush? Health Insurance in the USA is a disaster. Before and after Obamacare. Who is the one that will revolutionize it? I don't know who but it ain't gonna be republicans. That's for sure.

SubOink says

But what puzzles me is that whenever I talk to my die hard republican friends that they are so negative and deny an obvious recovery of the last 7 years...

It's because wages are flat, and the % of population actually working is still painfully low. That and Obama still wants to make more free trade agreements to keep Americans from getting jobs.

SubOink says

Obamacare was an attempt at the right direction

This is where we disagree.

There has been vastly too much growth in government. It has NO business meddling with healthcare or the alphabet soup list of agencies that it meddles now.

We need to shrink government across the board. Why because with the government there is NO price discovery.

The problem is hubris.

You guys are not considering how much demographics has to do with these charts.

Demographics

The same people that claims the economy is improving. Knows that if there's any improvement, it's because the easing of Oil prices.
Yet the same people that claims the economy is improving, is in the full mind set, that $200 Oil would be a correction to the to the Oil market.
Even if it took every remote resemblance of green-shoots now along with it.

You clowns have no opinion on the recovery, just spinning a disastrous failed Presidency and the last Democrat controlled Washington America will ever see again. Until a new Generation grows up for them to pull the wool over their eyes and get elected again.

Great news that the economy is recovering. We will soon be able to pay down debt,public & private, to a manageable amount.

http://www.usdebtclock.org/cbo-omb-gop-budget-estimates.html

http://www.nasdaq.com/article/total-us-household-debt-rises-to-121-trillion-in-third-quarter-20151119-00765

HEY YOU says

We will soon be able to pay down debt,public & private, to a manageable amount.

I don't think America, particular its politicians, have the political will to pay down the national debt. We could have paid off the entire national debt any time over the past 50 years. America has a large and growing debt because we'd rather be in debt than pay for goods and services when we purchase them. It's a lifestyle choice, not a technical problem.

Dan8267 says

I don't think America, particular its politicians, have the political will to pay down the national debt. We could have paid off the entire national debt any time over the past 50 years. America has a large and growing debt because we'd rather be in debt than pay for goods and services when we purchase them. It's a lifestyle choice, not a technical problem.

Especially if you constantly ask for more and more entitlements, kind of hard to pay any debt down. Typical scenario of a clueless teenager with a credit card, I want stuff, let the wealthy or mommy and daddy pay for it though.

Keep in mind that the average republican (and democrat) have a double digit IQ

People are dumb.

They're all just a bunch of monkeys, and the result is a monkey see monkey do population. Sure, they're capable of repeating a handful of simple buzzwords, but if you ask them some questions, in an attempt to get them to think an iteration or two out an implications chain, you will quickly realize it's a dead end. They're not even capable, and it's possible that it's not even their fault.

Has anyone watched these assclowns in the debate last night? It's beyond pathetic. How anyone even considers voting for these guys is beyond me.

SubOink says

Has anyone watched these assclowns in the debate last night? It's beyond pathetic. How anyone even considers voting for these guys is beyond me.

And what of the Democratic debate?

What about it?

And who would have thought Donald trump would be the debates democrat - lol!!

indigenous says

SubOink says

Has anyone watched these assclowns in the debate last night? It's beyond pathetic. How anyone even considers voting for these guys is beyond me.

And what of the Democratic debate?

He's just a little upset that his communist heroes Chairman Mao and Supreme Leader Kim Jong Un didn't show up at the Democratic debate to honor Bernie/Hillary.

It's only a rich recovery Hey You says the poor are dropping like flies.

FortWayne says

He's just a little upset that his communist heroes Chairman Mao and Supreme Leader Kim Jong Un didn't show up at the Democratic debate to honor Bernie/Hillary.

Right - Hillary/Bernie THE COMMUNISTS!! (drumroll..scary music playing)

SubOink says

Right - Hillary/Bernie THE COMMUNISTS!! (drumroll..scary music playing)

You are really not as funny as you think.