More bad news for the right

[Rigs11]

that evil communist obama's policies have ruined this country!

US household wealth regains pre-recession peak
WASHINGTON (AP) - It took 5 1/2 years.

Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.

The Federal Reserve says household wealth amounted to $66.1 trillion at the end of 2012. That was $1.2 trillion more than three months earlier. And it was 98 percent of the pre-recession peak.

Private economists calculate that further increases in stock and home prices this year mean that Americans' net worth has since topped the pre-recession peak of $67.3 trillion. Wealth had bottomed at $51.2 trillion in early 2009.

Some economists caution that the regained wealth might spur less consumer spending than it did before the recession.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

http://www.9news.com/news/article/32...recession-peak

[houghtam]

Originally Posted by Rigs11

that evil communist obama's policies have ruined this country!

US household wealth regains pre-recession peak
WASHINGTON (AP) - It took 5 1/2 years.

Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession. The gains are helping support the economy and could lead to further spending and growth.

The Federal Reserve says household wealth amounted to $66.1 trillion at the end of 2012. That was $1.2 trillion more than three months earlier. And it was 98 percent of the pre-recession peak.

Private economists calculate that further increases in stock and home prices this year mean that Americans' net worth has since topped the pre-recession peak of $67.3 trillion. Wealth had bottomed at $51.2 trillion in early 2009.

Some economists caution that the regained wealth might spur less consumer spending than it did before the recession.

(Copyright 2013 by The Associated Press. All Rights Reserved.)

http://www.9news.com/news/article/32...recession-peak

Either Obama is the worst socialist ever (i.e. not a socialist), or socialism works great!

[Rigs11]

More jobs added than expected, unemployment rate drops.countdown till righties come in here with their doomsday scenarios

[BroncoBeavis]

This is an awesome game you guys have going on.

Random Bad News response: "God damn Rethugs won't let Obamma do nothin to fix nothin. No more stimulus... now this seequester bull****. Those aholes are drivin' us back into a recession!"

Random Good News response: "Juslook how good Obamie did! Yeehaw! He dun fixed it all by hisself!"

In the good old Bush days this kind of 'recovery' was called a 'jobless recovery' Now suddenly the 99%'ers get all hot and bothered about the DJIA and any increase in the 1%'ers GDP.

[houghtam]

Originally Posted by BroncoBeavis

This is an awesome game you guys have going on.

Random Bad News response: "God damn Rethugs won't let Obamma do nothin to fix nothin. No more stimulus... now this seequester bull****. Those aholes are drivin' us back into a recession!"

Random Good News response: "Juslook how good Obamie did! Yeehaw! He dun fixed it all by hisself!"

In the good old Bush days this kind of 'recovery' was called a 'jobless recovery' Now suddenly the 99%'ers get all hot and bothered about the DJIA and any increase in the 1%'ers GDP.

And who was in here the day after the election talking about doom and gloom because the djia dropped?

So yeah, eat a big bag of dixncox.

[BroncoBeavis]

Originally Posted by houghtam

And who was in here the day after the election talking about doom and gloom because the djia dropped?

So yeah, eat a big bag of dixncox.

Not sure, you might have to refresh my memory.

And what is it with you being like the 5th left-leaner I've seen with the whole bag of ***** thing? Is there some kind of deep rooted castration anxiety I'm unaware of over there?

[houghtam]

Originally Posted by BroncoBeavis

Not sure, you might have to refresh my memory.

And what is it with you being like the 5th left-leaner I've seen with the whole bag of ***** thing? Is there some kind of deep rooted castration anxiety I'm unaware of over there?

Gamerslang.

[Rohirrim]

These numbers are government bull****. They do not include those who have fallen off the rolls of the unemployed and are now in the category of "hopelessly" unemployed, or "discouraged" or "missing" or "underemployed." The real number is probably closer to 21%. But they don't want you to know that.

[Rohirrim]

Here's an article from last July in California that gives an inkling of what is really happening:

"We don't follow them. We don't know what they're doing," said Tian Luo, an economist at the San Francisco office of the Bureau of Labor Statistics, the federal agency that compiles state and national unemployment numbers. "We do know they're not looking for work."
We do know that the "discouraged" - those out of work for more than six months and who have stopped trying to find a job - accounted for an astonishing 43 percent of the nation's unemployed in May - 5.4 million people, according to government figures.
In California, those out of work for more than a year accounted for 34.7 percent of the state's unemployed in June, a total of 709,000 people.

Read more: http://www.sfgate.com/business/botto...#ixzz2MyBZOi2x

Don't forget. One of the jobs of government, in both parties, is to keep the lid on.

[Rohirrim]

Do thousands of furloughed employees count as unemployed? Ask the communities where those people live. These figures are so "edited" as to be useless. And they are designed to make the government, regardless of party, look better. Whoever is in office wants the numbers to look good. Same with cost of living. It's more instructive to look at what they don't count, than what they do count.

[cutthemdown]

Dems celebrating a policy where the fed prints and pumps money into the stock market is pretty funny. If a repubs was in office doing this you would be up in arms. Not helping the poor i will tell you that much.

[chadta]

Originally Posted by cutthemdown

Dems celebrating a policy where the fed prints and pumps money into the stock market is pretty funny. If a repubs was in office doing this you would be up in arms. Not helping the poor i will tell you that much.

its about wallstreet when it should be about mainstreet

[houghtam]

Originally Posted by cutthemdown

Dems celebrating a policy where the fed prints and pumps money into the stock market is pretty funny. If a repubs was in office doing this you would be up in arms. Not helping the poor i will tell you that much.

Again, you guys are such dishonest little roaches.

All this is in response to you conservative douchebags who on November 7th and again on January 1st (not to mention all throughout the election) complained and complained "ohhhh woe is the United States because of Obama's failed policies, the stock market is down, unemployment is up, the job numbers are too small, and housing prices are stagnant."

Now news comes out that the stock market is at a record high, unemployment is down, job numbers are as good as they've been in months, and housing prices rose by the largest amount in over 7 years, and we point out that you were at the very least too quick to jump the gun, and at the very most dead wrong, and you come in here and attempt to change the narrative.

We're calling your BS.

If anyone is moving the goalposts, it's not us.

[houghtam]

You base your entire narrative of this presidency on fear. You're afraid that if you give one iota of credit to Obama, your entire world view that he's a Muslim socialist terrorist non citizen who isn't legally allowed to become president and only won the election because of voter fraud perpetrated by the black panthers comes crashing down like a house of cards.

It's the same mentality that has seen the conservatives shunning guys like Christie for giving credit where credit is due.

It's also the same mentality that causes the republicans who signed that asinine pledge to look like idiots. "We can't raise taxes, because when they say that doomsday doesn't happen after all and taxes actually do good, our whole platform will suffer!"

Have fun covering your own tracks. Your posting history doesn't hide. Unless you want to be like pricejj and start deleting ****.

[cutthemdown]

Unemployment only down because tons of people stopped looking for work and then once ineglible for unemployment they stop counting them. Housing is back up not because of Obama but because of TARP which was not his baby. Bush JR started that and left it for Obama. If the banks had crashed housing crashes with it. So I always expected housing to rebound. Job numbers aren't bad but they aren't good either. Really just sort of stagnant. Bush for many yrs had better numbers and only had problems because of the housing crash, which wasn't his fault.

Stock market in many experts opinions will soon correct down up to 20% because they money being pumped in is fed money. Sorry to burst your bubble.

[houghtam]

Originally Posted by cutthemdown

Unemployment only down because tons of people stopped looking for work and then once ineglible for unemployment they stop counting them. Housing is back up not because of Obama but because of TARP which was not his baby. Bush JR started that and left it for Obama. If the banks had crashed housing crashes with it. So I always expected housing to rebound. Job numbers aren't bad but they aren't good either. Really just sort of stagnant. Bush for many yrs had better numbers and only had problems because of the housing crash, which wasn't his fault.

Stock market in many experts opinions will soon correct down up to 20% because they money being pumped in is fed money. Sorry to burst your bubble.

Exactly. Excuses are all you have. It's a no-win situation. If something improves, it was going to anyway or it will never last or it's not enough. Nice how you conveniently leave out being lied and warmongered into two unfounded wars. But then again, anchored in reality is not a phrase of use to describe you.

Sorry to burst your bubble.

[cutthemdown]

If Obama gets his way he will lower unemployment just by letting everyone fall off this list but not get a job. Find new jobs for recent grads so they don't become unemployed, and completely forget about millions of people.

[Rigs11]

So cut,by your logic when unemployment was low during the bush years,the same rules apply correct?the unemployment was actually higher back then too?or is this strictly a dem logic?

[houghtam]

Originally Posted by cutthemdown

If Obama gets his way he will lower unemployment just by letting everyone fall off this list but not get a job. Find new jobs for recent grads so they don't become unemployed, and completely forget about millions of people.

I thought all we needed to do to create jobs was lower taxes for rich people.

[cutthemdown]

Originally Posted by houghtam

I thought all we needed to do to create jobs was lower taxes for rich people.

You could create jobs by just unleashing the energy sector. Then also by lowering the corp tax rate on offshore profits. In effect creating a 2 part system like many other big countries have.

Until our govt decides how to deal with the new world economy when it comes to corp taxes we are screwed. its archiac and from a different era of business.

We need to drop the rate and bring that money home.

[cutthemdown]

Also though we need to forget about trying to send every kid to 4 yr college. We need more incentives for companies to have apprentice programs. I know Germany does a lot of that and we should also. We need to start training young Americans to compete with how tech savy the Chinese workers are. How can we build anything when our workforce lacks the skills?

[cutthemdown]

So you start by ending the govt indebted servitude cheap college loan programs. All they do is allow universities and colleges to charge way more money then they should be able to. Hey its easy money from govt so why not make kids pay 20 thousand a yr and up?