Economic Recovery Spells Trouble for Republicans

Glenn Quagmire

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Apr 30, 2012
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As opposed to the predictions of the complete economic collapse of the United States predicted by the right wing, the economy is shaping up nicely for the mid-term elections.

The economy is on a return to pre-Bush levels. We would see stronger growth this coming quarter if it were not for the sequester. Republicans will have no choice but to run on a "look at this scandal" ticket, rather than real issues affecting the middle class voter.

"Times have changed since 2010. Barring a fresh crisis — and there are certainly a few that could arise — many economists expect growth to return to a fairly healthy level by next year as house prices and the stock market continue to rise and the jobless rate falls closer to its historic average of 5.8 percent.

(Also on POLITICO: Democrats ask: What debt crisis?)
The federal deficit is around half the size it was...)

Consumer confidence this week hit a level not seen since the financial crisis rocked the economy in 2008. And economists say there is enough time between now and when voters go to the polls next November for the improvements to actually be felt throughout the economy. Even conservative economists predict somewhat stronger growth next year, while left-leaning forecasters are borderline giddy.

“The fact is the economy is probably going to look and feel very good next year,” said Ian Shepherdson of Pantheon Macroeconomics. “The most likely outlook for Obama and the Democrats is pretty good growth and employment rising strongly. If you step back and look at it, it’s a hugely favorable scenario for them.”


Read more: http://www.politico.com/story/2013/05/2014-election-economy-92053.html#ixzz2UuzwYANI
 

SparrowHawk

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Nov 30, 2009
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What recovery?

More people entering the work force then jobs created is recovery?

Massive under employment is a recovery?

Have you looked at the DoL U-6 numbers to see that they are virtually unmoved for quite some time?

Debt continues to increase but at a lower rate. NOT due to the actions of the Liar in Chief, but to increased revenue as we have had some slight improvement in economic activity.

Is it getting better? YES, slightly. One could say the economy has improved all the way up to Horseshite!
 
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Glenn Quagmire

Glenn Quagmire

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Apr 30, 2012
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Of course we have come back from this devastating prediction:

http://www.airlineforums.com/topic/49055-the-2011-depression/#entry748946

After the 2011 Depression, Along with the skewed polls showing the Romney landslide, and the Herman Cain Presidency, all should be wearing their foil hats to protect themselves from the Kenyan constitutional scholar seeking to become king of the USA.

Maybe we should all present our factual debates on the economic reality of 2013 and what the data shows for the future?

Maybe not.
 

delldude

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Of course we have come back from this devastating prediction:

http://www.airlinefo...on/#entry748946

Forgot this from the same thread :

http://www.airlineforums.com/topic/49055-the-2011-depression
/page__st__264#entry922301

Uncle Sam And Eu keep kicking it down the road, and I'm wrong?

Keep buying into the DOW WOW.....only the stupid buy into it.

Remember, nobody saw 2008 coming.........
happy-smiley58.gif
 

SparrowHawk

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U-6 from April 2012 through today - 14.5% down to 13.9%, YIPPEE! Some recovery. 1/7th of the workforce is watching Maury and Jerry! Gotta love that Hope and Change.

GDP growth projected at an annual rate of 2.5%. (Note under Reagan the economy grew one AVERAGE 3.5% annually for eight years.)

Debt is now a staggering 103% of GDP. The highest since WWII.

While I'm on a perfectly good rant consider this:

Obama FAILED to let the patriot Act sunset. Instead it was re-approved
NDAA was signed into law by Obama.
Instead of 2 wars in Iraq & Afghanistan we now have those plus Yemen, Libya, Syria with potential conflicts with North Korea and Iran, All of which have no Declaration of War approved by the US Congress
Three potential career ending scandals

And on it goes as are wages are confiscated at ever higher rates to fuel the War Monger Obama and his murderous drone attacks on innocent civilians in countries which which we are not at war with.

This guy is bought and paid for by Corporatists and Banksters. He has Osama Ben Bernanke churning the printing presses trying to inflate our way out from under the problems we've created. In doing so he has robbed every working class American of his Liberty and endangered their financial security as well. He is a scar upon the face of Liberty.
 
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Glenn Quagmire

Glenn Quagmire

Veteran
Apr 30, 2012
4,832
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U-6 from April 2012 through today - 14.5% down to 13.9%, YIPPEE! Some recovery. 1/7th of the workforce is watching Maury and Jerry! Gotta love that Hope and Change.

GDP growth projected at an annual rate of 2.5%. (Note under Reagan the economy grew one AVERAGE 3.5% annually for eight years.)

Debt is now a staggering 103% of GDP. The highest since WWII.

While I'm on a perfectly good rant consider this:

Obama FAILED to let the patriot Act sunset. Instead it was re-approved
NDAA was signed into law by Obama.
Instead of 2 wars in Iraq & Afghanistan we now have those plus Yemen, Libya, Syria with potential conflicts with North Korea and Iran, All of which have no Declaration of War approved by the US Congress
Three potential career ending scandals

And on it goes as are wages are confiscated at ever higher rates to fuel the War Monger Obama and his murderous drone attacks on innocent civilians in countries which which we are not at war with.

This guy is bought and paid for by Corporatists and Banksters. He has Osama Ben Bernanke churning the printing presses trying to inflate our way out from under the problems we've created. In doing so he has robbed every working class American of his Liberty and endangered their financial security as well. He is a scar upon the face of Liberty.
How about some facts instead of your Paulbot ranting.

The thread is about the factual economic recovery and the problem it presents for the Republicans.

All the economists and predictions are wrong, again. Is that what you are saying?
 

delldude

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How about some facts instead of your Paulbot ranting.

The thread is about the factual economic recovery and the problem it presents for the Republicans.

All the economists and predictions are wrong, again. Is that what you are saying?

Zaretska Olga/Shutterstock
There has been lots of cheery news about the economic recovery lately. A new report out Thursday from the Federal Reserve puts that in check. American households have rebuilt less than half of the wealth they lost during the recession, according to the study. And most of wealth that has been recovered went to rich white people.
"A conclusion that the financial damage of the crisis and recession largely has been repaired is not justified," says the report. "Most families have recovered much less than the average amount."
The financial crisis destroyed some $16 trillion in household wealth. Americans have only recovered 45 percent of that amount, according to the Fed report. But when you break down that wealth recovery by income level, it gets worse. The Fed estimates that 62 percent of that wealth people have regained since the depths of the recession has come in the form of higher stock prices. And 80 percent of stock wealth is held by people in the top 10 percent of the income distribution. "Recent gains in the stock market mean that the recovery of wealth is nearly complete for white and Asian households and older Americans," Ylan Mui reported at the Washington Post Thursday.
But many families have not experienced any recovery at all, and some are still losing wealth, William Emmons, chief economist for at the St. Louis Fed’s Center for Household Financial Stability, told the Post. "The families that lost homes are not the families making money off stocks," Mui notes. Though the number of foreclosures has dropped off a lot, it is still more than double what it was pre-crisis.
The report found that the most vulnerable households tended to be either relatively young and/or black or Hispanic, and not well-educated. Those families had low savings and high debt and had gained most of their wealth through their homes.
It gets worse. Because the housing market is improving overall, there is less of an incentive for the government to push any new measures to help underwater homeowners. Prominent economists say that allowing initiatives that would reduce borrowers' loan principle balances is the single most important thing the administration could do to help the Americans who lost all that home wealth. But for more than a year, the head of the Federal Housing Finance Agency (FHFA), which oversees the government-backed home-loan giants Fannie Mae and Freddie Mac, blocked initiatives that would have done just that. President Barack Obama has nominated a new FHFA director, but as a report released Friday by the Progressive Policy Institute notes, it might be too late: "US housing markets have come roaring back to life, and while that's great news, it has probably closed the window for principal reduction."
 

KCFlyer

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And of course....the fact that peoples property values are on the rise (and Have been on the rise for sometime) means Nothing....Right ???

My ex is a realtor and the demand for houses here in KC is so strong that she has been sending letters to try to find people thinking of selling. Almost every house is involved in some kind of bidding war., with most going ABOVE the asking price. But the economy sucks.
 

Ms Tree

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Jul 13, 2010
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I do not think the economy is nearly as bad as the republicans would like it to be nor is it nearly as good as the dems think it is.
 
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