Why do people think the economy is good?

I think you have offered no evidence what so ever to support your point other than your "buddy with a masters degree"

 

I think the issue here is that there are conspiracy theories saying that " the books are cooked", and the promoters of the conspiracies can't produce evidence of the books being cooked.

 

You'd rather argue semantics than acknowledge the truth about monetary policy's effects. If you have the power to control the most dominant forces of the economy, you don't care how many widgets are produced by irrelevant industries nor the minimum wage someone else is paying an illegal immigrant. The financial and banking industries are our the most wealthy and influential for a reason. That wealth and power has been consolidated to the Fed and Congress. Between the Federal Reserve's policies and Congress's regulations, that has more impact on the economy than any socialist central planner from the mid 19th or 20th Century could've ever dreamed of.

 

Your dodge is noted. Obama killed energy jobs.

Blogs? Factcheck? PBS? you gotta do better on your sources. The ACA hasn't created anything. It has killed jobs and has driven up the debt.

 

Considering that a socialist central planner OWNS the banks, and all other industry -- in effect, the entire economy -- that is a very silly assertion to make. You are essentially arguing that indirect influence on a portion of the economy provides more overall control than direct ownership of the entire economy. That's ludicrous.

Central planning means something very clear and specific: the government decides what is to be produced, and how much. It usually, but not necessarily, also involves government ownership of the means of production.

Your misuse of the term was foolish. Admit it and move on.

 

I'm not saying it provides as much control. I'm saying it provides enough control. Keep using that kind of insulting language and see how many of these discussions we have in the future. I haven't been disrespectful to you.

 

Obama doesn't run OPEC.

The CBO has said the ACA has created jobs and reduced deficits. And I notice you have not been able to argue against those facts.

 

He smoked you on your misuse of the terminology, and idea of, centrally planned economies. Monetary policy in the US has absolutely no relationship with central planning.

 

http://www.autoguide.com/auto-news/2014/10/us-auto-sales-expected-break-records-2015.html I don't know. Are you sure he has a masters degree in economics? With record automobile sales how is that an indicator of a bad economy?

 

You can't just assign your own definition to terms and expect to be taken seriously.

Want to talk about monetary policy and regulation? Fine.

Just don't call it "central planning." It's not. Not even remotely close.

 

Obama killed those jobs all on his own.

Was that the first scoring of the ACA or after Obama admitted lying?

 

If people hear a lie often enough, they'll begin to believe it as truth. With the exception of recent gas prices (due to the drop in oil prices) EVERYTHING is more expensive and the average wage has not kept up with inflation. The Euro, the Dollar and all of the other similar fiat currencies are headed for the trash can as they become more and more worthless and their purchasing power dwindles.
We can fix our economy by,...
1.) Making things again and putting Americans back to work.
2.) Putting our dollar back on a gold standard.
3.) Abolishing the Fed and the IRS.
4.) Cleaning up Washington, moving away from our corrupt 2 party political system and.....
Ooops,... excuse me, I must have been dreaming again.

 

you got diddly squat...back it up with something. I'm not saying anything one way or the other but I could sit here all night and make stuff up too.

 

uh, does your friend have any more meat to his argument? Because I tend not to take "my friend" stories on credentials.

 

Nope. Presidents don't have the power to change the economics of the energy industry, upon which I make my bread and butter, much.

well, again, the facts are that the ACA is creating jobs, overall in the economy. And helping to keep deficits from being higher than they would under the Reaganista health care system that was failing everyone before the ACA.

 

Yep.

Nope.

 

If an economy is used as a political tool you can become politically more active.
Economic issues shouldn't be part of politics because they can be politicized.
What is needed to really improve the economy is a second industrial revolution (and second energy revolution as well) in the top of industry, not from the side of the workers or population. Because revolutions that start to emerge from within a population can take away their freedom. That is why the industrial revolution wasn't a danger to society.

 

how about best year of job creation since 1999? GDP around 4.6% based on latest figures.... unemployment around 5.6%, stock market at record levels..etc..

people are so p#ssed off that things are going so well whilst obama is in office that they are spewing nonsensical trash and regurgitating it over and over again

Is it the best boom in the history of the US? far from it, but relatively speaking, economy is doing quite well right now. STOP HATING and start accepting...

 

Compared to the 52 months of full employment during Bush43? Why is it better to have horrible employment numbers and desperately needing to create new jobs rather than full employment with rising incomes?

Finally, 6 years after the recession ended........

Because of a horrible labor participation rate.

If it was 1 single point higher than 6 years ago your statement would be true wouldn't it, but would not be a sign of 6 years of a good economy would it. And also driving the increase in the income gap the left whines about.

It is doing OK but the fact remains we have had to go through 6 years of a horrible economy to get where we are now in large part because of the policies of a Democrat controlled government and the failure of their policies and lack of policies to help get the economy on track again.

 

right Bush43 crashed the economy and it took years of hard and good work by Barak to dig ourselves of such a hole and get country back on track. You know, when a former president messes things up with 8 years of bad policy, a new president can't just turn things around immediately? i'm sure you comprehend.. When Obama took office, we were losing hundreds of thousands of jobs; stock market on free fall; some of the largest companies threatening going out of business. It was pure and utter CHAOS, on the verge of great depression #2. It took years for Barak to help this country get out of this hole. Understood? accept it

... that's right, after 8 years of his predecessor screwing things up.

NO, it's the consistent job creation under Obama's watch. 200k+ jobs have been created every month for 1 year... labor participation rate has little say here...

BUT it's not only 1 single point higher, stock market indices are more than twice what they were (17k vs 6k for Dow)... (S&P twice as much)...

income gap rising is due to tax cuts put in place by past republican presidents. I have some pretty nice charts i will post in my 'trickle down scam' thread showing how DEBT, DEFECIT, income unequality have worsened as marginal tax rates have been slashed over decades, the trend is clear. Inequality started to balloon during Reagan years, slightly improved during Clinton years and guess what happened after Bush? worsened again... tax cuts and the BS trickle down SCAM you scammers keep supporting are the cause of great evils in the US economy.

Obama has been instrumental in digging this economy out of the hole Bush43 dug it in. Republican congress were nothing but obstructionists, slowing progress to the point where they even shut down the government.

 

Well, do you think that Obama has reached success? Yes, 8 years of Bush was the most terrible time for American economy but I don't think that Obama fixed it. It's still the worst among industrial countries.

 

I'd agree that the Gingrich/Lott congress, and their deregulation via underfunding regulatory agencies brought on the stock bubble.

That's complete BS. Clinton warned the Bush Administration that al Queada was looking to make terrorist acts on the US. The Bush team didn't care, and did very little to try to stay on top of it.

it pales in comparison to Clinton's expansion... JFK and LBJ's expansion was probably the longest and best. GW Bush's saw low wage growth and was largely built on a housing bubble.
http://en.m.wikipedia.org/wiki/List_of_economic_expansions_in_the_United_States

 

GW Bush and the GOP were in control of the government during the time of housing bubble rising. It burst in late 2006-early 2007. Obama wasn't President yet.

The ACA is creating jobs, overall.
https://www.cbo.gov/publication/45096

 

Presidents don't rule unilaterally. The GOP has obstructed at every single point they could. If there's one thing the conservatives should be blaming Obama and Democrats for, it's the small size of the stimulus in 2009.

 

Why do the biggest know-it-alls know so little, yet think it is everyone else who is stupid???

There are NO federal extensions to unemployment insurance, there haven't been any federal extensions throughout 2014.