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A view with a hint of satire of a one political party city DFL Duluth, 'progressivism' and leftist bigotry, one news story at a time.
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Cute anecdotal evidence, unfortunately the macro economic statistics show this is just a needed part of the free market. Better learn to swim!
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Of course downturns happen in a free economy. But what makes them work in a Capitalist society is that the weak companies fall or are reorganized, while smaller, better companies often take their place. In this case, Obama’s (and Bush’s) “Too big to fail” is supporting these big, old companies and keeping them from making changes or failing. The result? The worst recovery period in current US History.
Occucultist, where can I see these statistics, what is your source of such information?
Fox Business is my source. Yes, too big too fail is a problem, shame occupy didn’t have your support when our libertarian wing encouraged a “let them fail” policy
Job numbers stable, housing market up, dow above 12000. America.
Occucultist, do you have a link to back up your Fox Business source?
The DOW was 11,522 Jan 7, 2000, and 14,093 on Oct 12, 2007:
In 2000 gold was $265 dollars an ounce and is $1,741 an ounce on Nov 27, 2012. Obviously the dollar has lost a load of value. Basing the US economy on the DOW vs. gold’s 657% increase in value is foolish.
In Jan 2002 oil was 16.65 a barrel, now it is $87.13, an increase of 523%.
The DOW is in US dollars and is losing big time.
Occucultist, US household median income has fallen for four years in a row.
On top of the falling income, inflation adjusted household income was $53,019 in 2002 and is only $50,054 through 2011.
Hardly good news even for an Obama loving euphorian.
Hardly stunning jobs numbers.
Unemployment Rate – Last Ten Years
The 86 million invisible unemployed
Oh come on conservatives, everything is working out for me personally, so i don’t really care about numbers, isn’t that usually how you conservatives process information? But ok, you’re household median income example comes from 02, a year after and before the bush tax cuts? Using the logic demonstrated on this blog, since i found one correlation, that correlation is the obvious reason. Bush cut taxes, median household income fell, they fell in o3 and 04, and then again after bush stared blankly at his trickle down economy crumbling to pieces circa 07. Because as mccain said, the fundementals of our economy were strong. Oil prices? Less oil everyday more drivers everyday, not a complicated supply demand equation. Gold? We dropped the gold standard thanks to nixon and wilson, so i hardly see how thats relevant. Dollar devalued? Time to cut back in those military expenditures and reinvest in an economy worth a valuable currency. Oh, but you want private investors to make that decision but they won’t because Lockhead and General Atomics are such good investments, well, if you love individualism then love your national debt.
Said by a true liberal democrat ” everything is working out for me personally”. I thought deocrats were all about the little guy and helping the poor! Myth exposed!
Well said Outsider, “myth exposed”.
Anyways, my apologies mike i watch i think its cavuto in the morning, right before those morons on fox and friends. But thats a different can o worms.
To the econ wiz Occucultist:
You stated “Cute anecdotal evidence, unfortunately the macro economic statistics show this is just a needed part of the free market.” Does the same apply for when George W Bush was in office?
The link provided by dflexpo has case by case examples of job loss, i provided macro data of the bush years? The Bush years were good, untill the bubble burst. And even if i am wrong, you guys are capitalists! I don’t understand why you characters hate recession, if you’re true privateers, buck up and invest! Buy buy buy, if you’re right and obama is destroying the economy, junk bond the country. Trump is doing it, all the smart peeps are doing it.
2.47% increase in gdp!
U.S. Q3 GDP revised up to 2.7% from 2.0% mostly because of higher inventories and exports.
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