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Bad Obama Economy growing Worse!!!

Discussion in 'U.S. Politics' started by asur, Aug 13, 2009.

  1. asur

    asur New Member

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    Obama and the Fed are lying about the state of the US economy.

    There is no stabilization, it is getting worse actually.
    No exaggeration needed here.

    The job and housing markets deteriorated in July. This is proof
    that Porkulous spending hasn't helped. Now retail sales are tanking and
    this spells more pain to come.

    The stock market has improved in July, but that can change!

    Breaking News: Aug 13, 2009
    Retail sales disappointed in July and the number of newly laid-off workers filing claims for unemployment benefits rose unexpectedly last week. The latest government reports reinforced concerns about how quickly consumers will be able to contribute to a broad economic recovery.

    The Commerce Department said Thursday that retail sales fell 0.1 percent last month. Economists had expected a gain of 0.7 percent.

    While autos, helped by the start of the Cash for Clunkers program, showed a 2.4 percent jump -- the biggest in six months -- there was widespread weakness elsewhere. Gasoline stations, department stores, electronics outlets and furniture stores all reported declines.

    If people can not find jobs is this a recovery?


    This is called CHANGE!
     
    3 people like this.
  2. Pidgey

    Pidgey Well-Known Member

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    One of the things that cracks me up is that the released data for a month IS based on estimates--they don't actually have completely collated real-time data. In July, there is typically an artificial boost applied to account for the "seasonal" drop in employment that occurs due to "July Downs" in auto manufacturing plants and the like. Fact is this year that a lot of those same plants have been shut down on a permanent basis so an awful lot of that particular tweak will have to come off quietly a month or two later. 247,000 will rise but the news article to announce it will be buried deep in the paper.

    This is the kind of stuff that we've learned to expect.
     
    3 people like this.
  3. asur

    asur New Member

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  4. BigRob

    BigRob Well-Known Member

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    Just be happy the market is so volatile right now. It has gotten fairly easy to read, do yourself a favor and make some easy money day trading.
     
  5. asur

    asur New Member

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    Volatile hardly says it. Market was Down > 2% just today.

    Reality sinking in that Porkulous is making things worse.

    Economy gone now, thanks to Obama!

    It's called change!
     
  6. Pidgey

    Pidgey Well-Known Member

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    1 person likes this.
  7. BigRob

    BigRob Well-Known Member

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    Yes it was down about 2% today, but that comment ignores what it has done during its last run up. You cannot look at it through such a microscope.
     
  8. asur

    asur New Member

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    Tomorrow will be interesting.

    If the market drops further, it can wipe out all gains rather quickly.
    Markets drop more quickly then they rise.

    Listen, the U6 > 16% now but real unemployment rate > 20% in US
    right now! That's Great depression territory.

    I think you know where the US is headed under Obama, down the toilet!
     
    1 person likes this.
  9. Pidgey

    Pidgey Well-Known Member

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    Want more?

    [​IMG]
     
  10. PLC1

    PLC1 Moderator Staff Member

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    Actually, it is the beginning of a recovery. There is no proof that it will continue, but the signs are hopeful:

    [​IMG]

    Read more here

    Do you remember when it was being said that the Democrats wanted America to lose the war in Iraq, as that would give them a better shot at the White House?

    Well, we didn't lose the war in Iraq, yet the Democrats did win the White House.

    Now, it appears that the Republicans want the economy to go sour, as that will give them a better shot at the White House.

    I'm going to stick my neck out and predict that, unlike the war in Iraq analogy, if the economy does continue to rebound, the Republicans will have as much chance of winning the White House in the next election as a snowball has of surviving the summer on the sidewalk in Phoenix.

    Anyone taking bets?
     
  11. Mr. Shaman

    Mr. Shaman New Member

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    How comical to watch "conservatives" slowly loosing-their-grip on Reality!!

    :D

    Face facts....this year is gonna END, just like it started-OUT....but, I'm sure you folks will find plenty-more things to freak-yourselves-out. :rolleyes:
     
  12. asur

    asur New Member

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    Mr. Sharman -More bad news from retailers like Home Depot today!
    Target Corp.'s quarterly profit also fell!
    Hewlett-Packard Co.'s profit dropped 19 percent in the latest quarter, dragged by ongoing weakness in sales of personal computers and printer ink.

    The list goes on and on!
    You know where the job losses will soon come from now!

    It's called CHANGE!
     
  13. Mr. Shaman

    Mr. Shaman New Member

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    It isn't December, YET!!!!!!!!!!!!!


    See ya', THEN, SKIPPY!!!!!!!!!!!!!!!!!!!!

    [​IMG]
     
  14. Mare Tranquillity

    Mare Tranquillity Active Member

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    Hope springs eternal!
     
  15. Pidgey

    Pidgey Well-Known Member

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    Note-to-self: Revisit this thread in three months for a very bitter laugh.
     
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