Income falls 3.2% during Obama's term thus far

[firstdown]

Originally Posted by Schneed10

That's nice, but the performance of the stock market has ZERO to do with the administration in place.

Sneed your better the that. The stock market goes up and down all the time based of goverment policies. Thats also a nice graph but I notice they left off 7 yrs of Bush's time in office and why does it cut off 6 months of Obama's.

[Schneed10]

Originally Posted by firstdown

Sneed your better the that. The stock market goes up and down all the time based of goverment policies. Thats also a nice graph but I notice they left off 7 yrs of Bush's time in office and why does it cut off 6 months of Obama's.

The stock market is irrational and reactionary on a day-to-day basis. But over the course of multiple years, no government policy can have any kind of prevailing effect. The data shows what the data shows my friend.

As for your note on the selective sampling used in those graphs you're right, any time you're looking at a 1-2 year period of stock market returns, you're not getting a large enough sample to conclude anything meaningful.

[firstdown]

Originally Posted by Schneed10

The stock market is irrational and reactionary on a day-to-day basis. But over the course of multiple years, no government policy can have any kind of prevailing effect. The data shows what the data shows my friend.

As for your note on the selective sampling used in those graphs you're right, any time you're looking at a 1-2 year period of stock market returns, you're not getting a large enough sample to conclude anything meaningful.

We do agree that the stock market can be irrational and reactionary on a day-to-day basis. You don't think that the decisions over the past year or more to bail out the banks, car companies, etc... did not have a long term affect on the stock market?

[Monkeydad]

Originally Posted by Schneed10

That's nice, but the performance of the stock market has ZERO to do with the administration in place.

Nice, a dual-color chart of natural behaviors of the stock market.

[dmek25]

i agree. jobs being created are the biggest driver of an economy. that's almost like people blaming Bush for the high gas prices. almost as ridiculous

[Monkeydad]

Originally Posted by dmek25

i agree. jobs being created are the biggest driver of an economy.

Not when they're Government jobs.

[Schneed10]

Originally Posted by Buster

Not when they're Government jobs.

Government jobs still stimulate economic growth, just not in a sustainable way.

The theory is that while people are unemployed, you might as well put them to work doing something productive. It doesn't do the nation any good to have people sitting on their duff when they could be building better roads or fixing things.

So the government pays them, they take that money and spend it, which helps businesses. Businesses then have more money to invest, they begin to grow, and they start adding jobs.

The key is to make sure the government jobs, which act as the catalyst for growth, are cut back once the economy starts adding jobs. If this isn't managed well (which often it is not), then you get overspending and severe deficit problems.

If Obama can successfully cut spending once the economy is running well, then he will have succeeded. Problem for him is that a second wave of economic recession is coming, due to no fault of his own, which will derail his ability to cut the deficit. He'll get voted out in 2012 if the GOP plays its cards right.

[firstdown]

Originally Posted by Schneed10

Government jobs still stimulate economic growth, just not in a sustainable way.

The theory is that while people are unemployed, you might as well put them to work doing something productive. It doesn't do the nation any good to have people sitting on their duff when they could be building better roads or fixing things.

So the government pays them, they take that money and spend it, which helps businesses. Businesses then have more money to invest, they begin to grow, and they start adding jobs.

The key is to make sure the government jobs, which act as the catalyst for growth, are cut back once the economy starts adding jobs. If this isn't managed well (which often it is not), then you get overspending and severe deficit problems.

If Obama can successfully cut spending once the economy is running well, then he will have succeeded. Problem for him is that a second wave of economic recession is coming, due to no fault of his own, which will derail his ability to cut the deficit. He'll get voted out in 2012 if the GOP plays its cards right.

Thats one of the things Obama said his spending would creat jobs but I don't see that happening. The ones they posted on their site we find out that most of them are false. I actually don't think they are trying to creat goverment jobs to help build roads its the contractors that will get the contracts and hire.

[Schneed10]

Originally Posted by firstdown

Thats one of the things Obama said his spending would creat jobs but I don't see that happening. The ones they posted on their site we find out that most of them are false. I actually don't think they are trying to creat goverment jobs to help build roads its the contractors that will get the contracts and hire.

Well, whether it's an actual government job, or a government-funded job that contractors actually hire, it's six to one half dozen or the other. Either way, the point is that the government is supporting those employees, and it can't afford to do it forever. It must cut the government funding for the job once the economy is rolling along at a level that can sustain the job on its own.

[Monkeydad]

Originally Posted by firstdown

Thats one of the things Obama said his spending would creat jobs but I don't see that happening. The ones they posted on their site we find out that most of them are false. I actually don't think they are trying to creat goverment jobs to help build roads its the contractors that will get the contracts and hire.

Plus, temporary Census positions are usually being counted and applauded as new jobs.

The ACTUAL unemployment # is being estimated just under 20%.

[firstdown]

This is the best comment from the article.

"Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can't spend its way to prosperity."

[Schneed10]

Originally Posted by firstdown

This is the best comment from the article.

"Under President Obama, only federal spending is going up; jobs, business startups, and incomes are all down. It is proof that the government can't spend its way to prosperity."

No, that quote is misleading. Jobs are indeed down under Obama, but that's not his fault. The decline in jobs is the reason incomes are down. Otherwise, incomes are stable.

But I do agree that spending more does not equal prosperity.

[dmek25]

i cant speak for everyone, but we just hired 55 people. the jump in production is back to " normal" levels for us. it seems like its starting to turn( for the better) how long it lasts is yet to be seen

[budw38]

Originally Posted by dmek25

i cant speak for everyone, but we just hired 55 people. the jump in production is back to " normal" levels for us. it seems like its starting to turn( for the better) how long it lasts is yet to be seen

Congrads , that is great news ! Now if Allen/Shanny can hire a few O-Linemen .... we really are moving it the right direction .

[Monkeydad]

Originally Posted by dmek25

i cant speak for everyone, but we just hired 55 people. the jump in production is back to " normal" levels for us. it seems like its starting to turn( for the better) how long it lasts is yet to be seen

Back to normal...saying the 55 hires are previously-eliminated jobs? That's 0 net jobs.


GREAT NEWS THOUGH for the company, workers and families.