This Just In
Blue & Gray (over 10,000 posts)
Bold Prediction: The Hoyas will win at least 1 BE game in 2023.
Posts: 10,584
|
Post by This Just In on May 21, 2015 10:21:30 GMT -5
Is Anyone Worried About The Economy?
Every time I visit a store like Wal-mart and look for an item that says "Made In The USA"... I realize that this issue is bigger than the populous media is really letting on.
|
|
hoyatables
Diamond Hoya (over 2500 posts)
Posts: 2,603
|
Post by hoyatables on May 21, 2015 11:24:06 GMT -5
Am I missing something? Did you mean to link to an article or something? It's not clear what issue you're talking about.
|
|
This Just In
Blue & Gray (over 10,000 posts)
Bold Prediction: The Hoyas will win at least 1 BE game in 2023.
Posts: 10,584
|
Post by This Just In on May 21, 2015 12:15:40 GMT -5
Am I missing something? Did you mean to link to an article or something? It's not clear what issue you're talking about. I wanted to get feedback if posters felt that the economy would be turning around anytime soon of if they fell that the U.S. economic issues will continue on for several more years...(i.e. the wealth gap between the rich and the middle class/poor which has been widening). Here is an article link for you and excerpt below:
|
|
TC
Platinum Hoya (over 5000 posts)
Posts: 9,400
|
Post by TC on May 21, 2015 13:09:22 GMT -5
I wanted to get feedback if posters felt that the economy would be turning around anytime soon of if they fell that the U.S. economic issues will continue on for several more years...(i.e. the wealth gap between the rich and the middle class/poor which has been widening). Is income inequality really "the economy"? If you look at basic economic measures (unemployment rate, GDP, etc) the economy has turned around.
|
|
This Just In
Blue & Gray (over 10,000 posts)
Bold Prediction: The Hoyas will win at least 1 BE game in 2023.
Posts: 10,584
|
Post by This Just In on May 21, 2015 14:17:48 GMT -5
I wanted to get feedback if posters felt that the economy would be turning around anytime soon of if they fell that the U.S. economic issues will continue on for several more years...(i.e. the wealth gap between the rich and the middle class/poor which has been widening). Is income inequality really "the economy"? If you look at basic economic measures (unemployment rate, GDP, etc) the economy has turned around. Valid points...as for the unemployment rate dropping, I believe it is a fair question to ask "What type of jobs are hiring"? One could assume it is more on the service industry side..(i.e. IT, waiters/waitress, barbers & hairdressers, grocery stores). Also this article suggests that the economic recovery differs from County to County: Study: Local Economies Still Recovering From Recession
|
|
kchoya
Platinum Hoya (over 5000 posts)
Enter your message here...
Posts: 9,934
|
Post by kchoya on May 21, 2015 21:57:36 GMT -5
I wanted to get feedback if posters felt that the economy would be turning around anytime soon of if they fell that the U.S. economic issues will continue on for several more years...(i.e. the wealth gap between the rich and the middle class/poor which has been widening). Is income inequality really "the economy"? If you look at basic economic measures (unemployment rate, GDP, etc) the economy has turned around. Sort of. Wages (which matter to a lot of people) haven't really improved. And the Unemployment rate is skewed by so many people leaving the workforce.
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 17,968
|
Post by SSHoya on May 22, 2015 5:49:02 GMT -5
Is income inequality really "the economy"? If you look at basic economic measures (unemployment rate, GDP, etc) the economy has turned around. Sort of. Wages (which matter to a lot of people) haven't really improved. And the Unemployment rate is skewed by so many people leaving the workforce. As one who retired last year, I'll go with this: "[T]he Federal Reserve Board, . . .wrote in September 2014 that “much – but not all – of the decline in the labor force participation rate since 2007 is structural in nature. However, Fujita concluded, “Almost all of the decline (80 percent) in the participation rate since the first quarter of 2012 is accounted for by the increase in nonparticipation due to retirement. This implies that the decline in the unemployment rate since 2012 is not due to more discouraged workers dropping out of the labor force.” www.factcheck.org/2015/03/declining-labor-participation-rates/
|
|
ksf42001
Silver Hoya (over 500 posts)
Posts: 901
|
Post by ksf42001 on May 22, 2015 8:36:36 GMT -5
Sort of. Wages (which matter to a lot of people) haven't really improved. And the Unemployment rate is skewed by so many people leaving the workforce. As one who retired last year, I'll go with this: "[T]he Federal Reserve Board, . . .wrote in September 2014 that “much – but not all – of the decline in the labor force participation rate since 2007 is structural in nature. However, Fujita concluded, “Almost all of the decline (80 percent) in the participation rate since the first quarter of 2012 is accounted for by the increase in nonparticipation due to retirement. This implies that the decline in the unemployment rate since 2012 is not due to more discouraged workers dropping out of the labor force.” www.factcheck.org/2015/03/declining-labor-participation-rates/The earliest boomers turned 65 in 2011 - the baseline for what should be considered "normal" labor participation is going to continue to trend downward over the next decade.
|
|
TC
Platinum Hoya (over 5000 posts)
Posts: 9,400
|
Post by TC on May 22, 2015 9:44:17 GMT -5
I'm not making a political argument here that "Obama turned the economy around", but I think it's almost to impossible to argue it hasn't turned around when every basic measure you look at (unemployment, GDP growth, S&P 500, etc) has turned around. Arguing that some of the reasons for the economy turning around are structural (demographic changes, etc) is fine but denying that the economy has come back from the cliff it was on is just absurd.
As much as you can argue that wages haven't come around, there's structural reasons for that as well - good paying factory jobs are gone and never coming back, and at this point it's less about the fact that we can't produce X at the same price as China or India as the trend that automation will destroy those jobs in China and India.
|
|
EasyEd
Platinum Hoya (over 5000 posts)
Posts: 7,272
|
Post by EasyEd on May 22, 2015 11:42:31 GMT -5
I'm not making a political argument here that "Obama turned the economy around", but I think it's almost to impossible to argue it hasn't turned around when every basic measure you look at (unemployment, GDP growth, S&P 500, etc) has turned around. Arguing that some of the reasons for the economy turning around are structural (demographic changes, etc) is fine but denying that the economy has come back from the cliff it was on is just absurd. As much as you can argue that wages haven't come around, there's structural reasons for that as well - good paying factory jobs are gone and never coming back, and at this point it's less about the fact that we can't produce X at the same price as China or India as the trend that automation will destroy those jobs in China and India. How much did the GDP grow last quarter? I think it was 0.2%. Anemic. And, how much of the job growth was in less than a 40 hour week? Looking at the usual data, the economy is better than it was a couple of years ago but it's not sizzling. But the debt is the real economic issue that scared the daylights out of me and no one, Republican or Democrat, is making any attempt to do anything about it.
|
|
hoyainspirit
Platinum Hoya (over 5000 posts)
When life puts that voodoo on me, music is my gris-gris.
Posts: 8,389
|
Post by hoyainspirit on May 31, 2015 16:01:38 GMT -5
|
|
quickplay
Silver Hoya (over 500 posts)
Posts: 733
|
Post by quickplay on May 31, 2015 16:08:25 GMT -5
They'll raise taxes, they'll just do it under the guise of fees, sales taxes, and anything else they can to avoid the reality of the situation they've created.
|
|
This Just In
Blue & Gray (over 10,000 posts)
Bold Prediction: The Hoyas will win at least 1 BE game in 2023.
Posts: 10,584
|
Post by This Just In on Jun 1, 2015 10:19:41 GMT -5
How much of the government in Louisiana is Republican controlled?
|
|
This Just In
Blue & Gray (over 10,000 posts)
Bold Prediction: The Hoyas will win at least 1 BE game in 2023.
Posts: 10,584
|
Post by This Just In on Jun 1, 2015 10:22:57 GMT -5
|
|
hoyainspirit
Platinum Hoya (over 5000 posts)
When life puts that voodoo on me, music is my gris-gris.
Posts: 8,389
|
Post by hoyainspirit on Jun 1, 2015 21:41:30 GMT -5
How much of the government in Louisiana is Republican controlled? All of it.
|
|
hoyainspirit
Platinum Hoya (over 5000 posts)
When life puts that voodoo on me, music is my gris-gris.
Posts: 8,389
|
Post by hoyainspirit on Jun 2, 2015 14:06:42 GMT -5
|
|
|
Post by sleepyjackson21 on Jun 3, 2015 13:50:45 GMT -5
Yes. The narrative is that we have been in a period of deleveraging. I don't see it. All i see is excessive liquidity. Record student loans, huge margin debt, huge rise in M&A fueled by cheap debt and ungodly amounts of share repurchases, financial engineering at its finest. At some point we will have to pay the piper. When that is, i haven't a clue but when it comes, it'll be ugly.
|
|
kchoya
Platinum Hoya (over 5000 posts)
Enter your message here...
Posts: 9,934
|
Post by kchoya on Jun 23, 2015 22:49:32 GMT -5
The Trans Pacific Partnership Bill passes the Senate...which further ties the economies of America, Canada and Mexico together. How is the passing of this trade agreement going to improve the American Economy or bring jobs to the American worker? N.Y. Times-Senate Hands A Victory to Obama on Trade PactExcerpt below: The Senate on Wednesday is set to give final approval to trade promotion authority, then vote to end debate on a separate bill that attaches worker dislocation assistance to a broadly popular bill extending a longstanding trade agreement with Africa. That provision would then be voted on Thursday, and if approved as expected, it would go to the House on Friday.
This time, if Democrats bring it down, they will effectively be killing a worker education and retraining program that Democrats created in the Kennedy administration and have nurtured ever since — but will still watch Mr. Obama sign into law a “fast-track” trade negotiations bill that will extend well into the next presidency.
At the same time, House and Senate negotiators will begin hashing out differences over a separate bill enhancing enforcement measures to police trade agreements. The measures will include a newly added provision speeding up action to combat foreign competitors who “dump” steel and other products on the United States market at artificially low prices to put domestic manufacturers out of business.
Opponents of fast track hoped trade promotion authority without worker assistance would run into trouble in the Senate. And some Democrats did try to stoke fears that Congress could give the president the power to complete major trade deals without any assistance to workers who might be hurt by those agreements.
“How shameful is that? We’re making this decision knowing people will lose their jobs because of our actions. Yet we are not going to pass this assistance,” said Senator Sherrod Brown, Democrat of Ohio, who led the opposition to trade promotion authority.Maybe if you post a video clip from a cable news network...
|
|
hoyainspirit
Platinum Hoya (over 5000 posts)
When life puts that voodoo on me, music is my gris-gris.
Posts: 8,389
|
Post by hoyainspirit on Jun 1, 2016 11:25:37 GMT -5
|
|
EasyEd
Platinum Hoya (over 5000 posts)
Posts: 7,272
|
Post by EasyEd on Jun 1, 2016 12:16:01 GMT -5
Once again, some judge decides what's best for citizens. Since schools are so imporant, it will be interesting to see if legislators will priortize and cut some other things to finance the schools. Or is it always tax more?
|
|