Not So Fast On That Whole Economic Recovery Thing | |
Anonymous Coward User ID: 11582176 United States 03/08/2012 09:12 PM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 5926374 United States 03/08/2012 09:15 PM Report Abusive Post Report Copyright Violation | zAss this is for you... Quoting: Outland Not so fast. Those that are publicly declaring that an economic recovery has arrived are ignoring a whole host of numbers that indicate that the U.S. economy is in absolutely horrendous shape. The truth is that the health of an economy should not be measured by how well the stock market is doing. Rather, the truth health of an economy should be evaluated by looking at numbers for things like jobs, housing, poverty and debt. Some of the latest economic statistics indicate that unemployment is getting a little bit worse, that the housing market continues to deteriorate, that poverty in America continues to soar and that our debt problem is worse than ever. If we were truly experiencing the kind of economic recovery that the United States has experienced after every other post-World War II recession we would see a sharp improvement across the board in most of our economic statistics. But that simply is not happening. Sadly, this is about as much of an "economic recovery" as we are going to get because soon the economy will be getting much worse. So enjoy this period of relative stability while you can. The Obama administration would have us believe that unemployment in the United States has declined, but the truth is that the percentage of working age Americans that are employed has stayed very, very flat for more than two years and now there are some measures of unemployment that are actually getting worse. For example, according to Gallup the unemployment rate in the United States has risen from 8.5% in December to 8.6% in January to 9.1% in February. The Obama administration would have us believe that it is actually going the other direction. Initial unemployment claims are rising again. For the week ending March 3rd, they increased by 8,000 over the previous week to 362,000. This is not the kind of good news that people were hoping for. *posted less than 50% of article* Read the rest of the article here... [link to theeconomiccollapseblog.com] I'll repeat it again, the stock market is not an indication of the health of the US economy. Oh yeah that blog.. The one preaching doom and gloom for the last 3 years... Cherry picking statistics that effect 4% of the situation And he's making nice ad revenue selling doom to idiots like you. Keep sticking your head in the sand...All is well NO DOOM NO CRASH |
Outland (OP) User ID: 727524 United States 03/08/2012 09:28 PM Report Abusive Post Report Copyright Violation | Oh yeah that blog.. The one preaching doom and gloom for the last 3 years... Cherry picking statistics that effect 4% of the situation And he's making nice ad revenue selling doom to idiots like you. Keep sticking your head in the sand...All is well NO DOOM NO CRASH That's funny...prove the stats are wrong. You can't. You are a hypocrite because you post on that website yourself. Guess that makes you an idiot too by your own definition. But on a more personal note..."we" know why you do what you do here on GLP. |
Anonymous Coward User ID: 3554817 United States 03/08/2012 09:36 PM Report Abusive Post Report Copyright Violation | What economic recovery? I live in one of the strongest economic regions in the US and the job market is awful here. It is almost impossible to find work and the jobs available don't pay enough to live on. The US economy is gone and will never recover. |
Anonymous Coward User ID: 5926374 United States 03/08/2012 11:28 PM Report Abusive Post Report Copyright Violation | Oh yeah that blog.. The one preaching doom and gloom for the last 3 years... Cherry picking statistics that effect 4% of the situation And he's making nice ad revenue selling doom to idiots like you. Keep sticking your head in the sand...All is well NO DOOM NO CRASH That's funny...prove the stats are wrong. You can't. You are a hypocrite because you post on that website yourself. Guess that makes you an idiot too by your own definition. But on a more personal note..."we" know why you do what you do here on GLP. Oh you do huh? Who are you the GLP Secret Defense Force? Go put on your aquaman underoos and maybe mommy will give you some oreos if you remember to wipe your ass instead of pooping your pants this time. |
Anonymous Coward User ID: 11132818 United States 03/08/2012 11:31 PM Report Abusive Post Report Copyright Violation | |