9 points about Barry's economy!

[EdwardBaiamonte]

1) 2% GDP recovery ( worst since Great Depression)
2) income down in American, not up
3) 2% GDP growth despite huge Republican fracking/horizontal drilling revolution
4) 0% interest rates to stimulate economy
5) 10.5% U6 unemployment 7 years into Barry's "recovery"
6) fewer full time jobs now than when Barry took office
7) $500b deficit each year supposedly should stimulate eceonomy according to liberal BS

8) Labor Force Participation Rate: people aged 16-54, what Yellen calls "the prime age workers and younger people", has gone down almost as dramatically when adjusted for how large the contingent.
9) . Right Track/Wrong track polling shows worst result at 65% saying we are on wrong track.

Solution: Make liberalism illegal as our Founders intended!

 

[Obiwan]

There's a lot to be said about a Liberal agenda..... none of it good.

Puerto Rico wants to be able to declare bankruptcy - Jun. 29 2015

Puerto Rico wants to be able to declare bankruptcy
June 29
NEW YORK


Puerto Rico's governor has a message for Washington D.C: change the law, we want the right to declare bankruptcy.

On the brink of default, Governor Alejandro García Padilla demanded that the U.S. government allow Puerto Rico, a commonwealth, access to chapter 9 bankruptcy. That's what Detroit used when it went belly up. At the moment, only cities, towns and other municipalities are able to declare bankruptcy.

"We cannot allow them to force us to choose between paying for our police, our teachers, our nurses, and paying our debt," Padilla said in a televised announcement Monday night in Spanish. "We have to act now."

Puerto Rico is running out of time. The island owes $73 billion that it can't pay. Its debt is already junk grade and has one of the lowest possible ratings.

"Now is the moment for us to call on Washington for concrete action," Padilla said, referring to the need to lobby Washington for change on Chapter 9.

The governor compared the island's financial situation to Detroit's, but unlike Detroit, Puerto Rico's only option is to settle its debt with its creditors on its own, which would take years.

 

[Obiwan]

Puerto Rico The Left s Sandbox

Major policies the Left wants are already the rule in Puerto Rico. And that’s why Puerto Rico’s a massive disaster.

If you want an enthusiastic high-five, offer a progressive the following policy package. (You might want to take a shot of Don Q Añejo before reading any further.)

• Raise the minimum wage
• Enact stronger overtime rules
• Instruct all employers to offer paid sick and vacation leave
• Enroll thrice as many children in Head Start
• Increase the generosity of food stamps, disability, and welfare
• Raise the consumer cost of non-renewable energy
• Directly control the growth of health-care prices
• Hire more teachers and shrink class sizes
• Decrease college tuition at state universities
• Use tax policy to attract high-tech industries
• Strengthen unions
• Invest in modern urban transit

Then you can tell them what this might get them, given a few decades to percolate through the system. (And maybe offer them a shot of that Don Q to soften the blow.)

• Higher income inequality than any of the 50 states
• Employees’ share of net national income dropping to one-third from two-thirds
• 27 percent youth unemployment
• About a fifth of workers having virtually no employment protections—even from blatant sexual or racial discrimination
• A debt crisis
• Economic depression

Progressives generally prefer policies that avert extreme market outcomes. They don’t like to see anybody become very rich or very poor. Things that are too successful (like fracking and Airbnb) get slowed down; things that are failing (like wind power and shipbuilders) get propped up.

The most optimistic liberals convince themselves that pushing averageness can benefit economic efficiency. More realistic lefties are willing to give up some growth for greater equality. But no progressive thinks her favored policies will lead to less equality and worse labor conditions.

The case of Puerto Rico is a bracing reminder that a full adult dose of progressivism can do permanent damage to things that liberals care about, too. Most of the progressive policies above are drawn from President Obama’s 2015 State of the Union address. These policies are not just artifacts of New Deal paternalism; they’re prime goals of progressives for 2017. And every one of them also reflects a significant policy difference between Puerto Rico and typical mainland policies.

 

[JakeStarkey]

Whining from the far right Know Nothings.

If we followed Baiamonte's economic theories America would raise the world's poverty rate by 10% in one year.

They refuse to acknowledge that the state of our economy, which is far better now than the first year that Barak inherited from George, depends on regulation. The question is not "whether" but "how much".

 

[Mr. H.]

Whining from the far right Know Nothings.

If we followed Baiamonte's economic theories America would raise the world's poverty rate by 10% in one year.

They refuse to acknowledge that the state of our economy, which is far better now than the first year that Barak inherited from George, depends on regulation. The question is not "whether" but "how much".

"Depends on regulation"?

Jayzus F'ing Christ.

 

[Mr. H.]

Whining from the far right Know Nothings.

If we followed Baiamonte's economic theories America would raise the world's poverty rate by 10% in one year.

They refuse to acknowledge that the state of our economy, which is far better now than the first year that Barak inherited from George, depends on regulation. The question is not "whether" but "how much".

Here's a serious question - can you identify any benefits to the U.S. economy by lifting the 40 year old ban on crude oil exports?

And another - could there be any benefit to the U.S. economy by relaxing EPA emissions rules?

 

[TheOldSchool]

1) 2% GDP recovery ( worst since Great Depression)
2) income down in American, not up
3) 2% GDP growth despite huge Republican fracking/horizontal drilling revolution
4) 0% interest rates to stimulate economy
5) 10.5% U6 unemployment 7 years into Barry's "recovery"
6) fewer full time jobs now than when Barry took office
7) $500b deficit each year supposedly should stimulate eceonomy according to liberal BS

8) Labor Force Participation Rate: people aged 16-54, what Yellen calls "the prime age workers and younger people", has gone down almost as dramatically when adjusted for how large the contingent.
9) . Right Track/Wrong track polling shows worst result at 65% saying we are on wrong track.

Solution: Make liberalism illegal as our Founders intended!

Shut up and give us more shitty marriage tips