economy is not on a rebound, it's on a roar

[emptystep]

Some people are getting stupid rich in this economy and all you can do is bitch. There are some who aren't but screw them. Those people are the a few, or the many, who don't understand how the survival of the connected works. We all know what we call the unconnected, 'takers'. I know you're not a dumb as you play. Admit it, this is fucking great. What do you want? For us to turn a blind eye on how well this economy works?

 

[emptystep]

today's news of a contraction in gdp kinda kills the whole premise of the thread......

yeah, that fire sale on the market was brutal.

Dow jones 13,910.42 -44.00 (-0.32%)
s&p 500 1,501.96 -5.88 (-0.39%)
nasdaq 3,142.31 -11.35 (-0.36%)

low volume today. I guess not enough of your 'average investors' read the headlines today.

Here's question for you. What time today did you call in your sell order? What? You didn't. Why not?

Little tick up at the last bit of the day. That wasn't you was it?

you're a good little troll.....carry on!

 

[Oddball]

Some people are getting stupid rich in this economy and all you can do is bitch. There are some who aren't but screw them. Those people are the a few, or the many, who don't understand how the survival of the connected works. We all know what we call the unconnected, 'takers'. I know you're not a dumb as you play. Admit it, this is fucking great. What do you want? For us to turn a blind eye on how well this economy works?

What does any of that covetous sniveler boilerplate have to do with the fact that your "roaring" economy contracted last quarter?

Dumb as a sack of bricks......

 

[emptystep]

Some people are getting stupid rich in this economy and all you can do is bitch. There are some who aren't but screw them. Those people are the a few, or the many, who don't understand how the survival of the connected works. We all know what we call the unconnected, 'takers'. I know you're not a dumb as you play. Admit it, this is fucking great. What do you want? For us to turn a blind eye on how well this economy works?

What does any of that covetous sniveler boilerplate have to do with the fact that your "roaring" economy contracted last quarter?

Dumb as a sack of bricks......

Boilerplate? You mean you've seen this sort of covetous snivelering before? And I thought I was being original.

 

[Oddball]

Yes, boilerplate....You mewling little looters haven't said anything new since Marx was just a gleam in the Kommissar's eye.

And your "roaring" economy still contracted last quarter.

 

[emptystep]

Yes, boilerplate....You mewling little looters haven't said anything new since Marx was just a gleam in the Kommissar's eye.

And your "roaring" economy still contracted last quarter.

I really don't see how buying and selling stock is looting. Are you saying companies should do a two for one swap. I don't see how that is exactly going to help but I will suggest it to the board for the next stockholder's vote.

 

[Oddball]

Like Toro already told you the stock market ≠ the economy.

I don't suppose you've heard of that "quantitative easing" thing and how that is pumping up securities prices, have you?...The looting is going on right under your nose and you're too blissfully dense to recognize it.

Oh, and your "roaring" economy still went backwards last quarter....And all the attempted hijacking of your own thread can't change that.

 

[william the wie]

Like Toro already told you the stock market ≠ the economy.

I don't suppose you've heard of that "quantitative easing" thing and how that is pumping up securities prices, have you?...The looting is going on right under your nose and you're too blissfully dense to recognize it.

Oh, and your "roaring" economy still went backwards last quarter....And all the attempted hijacking of your own thread can't change that.

Oddball, I would appreciate you not smartening up the people I prey on as a market bear.

 

[Oddball]

It'll cost you.

Pay up.

 

[EdwardBaiamonte]

For us to turn a blind eye on how well this economy works?

how can Barry's economy be working when it is contracting and when if we had the same numbers working as in 2000 , 14 million more Americans would be working now??

Can you name one thing about liberalism that help rather than harms an economy??

 

[corazonroto]

According to this information, I wonder who is benefiting from the "roaring economy" other than a very few who never have to worry about being one of these statistics that speak volumes:

Pre-Recession Unemployment Rates
http://www.bls.gov/news.release/archives/srgune_02292008.pdf

The annual average U.S. jobless rate was 4.6 percent in 2007 unchanged from 2006, while the national employment-population ratio was essentially unchanged at 63.0 percent."

-------------------------------------------------------------------------------

Take a look at the Unemployment Rate from the start of the recession December 2007/2008 to present day in your state (California for example here):

California unemployment rates 1976-2011

Year Labor Force Employed No-Work U3 U6

2011 18,103,800 15,974,800 2,129,000 11.8 16.2
2010 18,176,200 15,916,300 2,259,900 12.4 16.6
2009 18,204,200 16,141,500 2,062,700 11.3 16.7
2008 18,191,000 16,883,400 1,307,600 7.2 10.8
2007 17,928,700 16,970,200 958,500 5.3 8.4

California unemployment statistics - Wikipedia, the free encyclopedia

-------------------------------------------------------------------------------
California Unemployment 2012

Unemployment Rate December 2012 Month/Month Year/Year

National 7.8% 0.0 -0.7
California 9.8% 0.0 -1.4

California State Unemployment Rate and Total Unemployed | Department of Numbers
California Unemployment History

January 2013 7.9% — —
December 2012 7.8% 9.8% 1,804,922
November 2012 7.8% 9.8% 1,806,090
October 2012 7.9% 10.1% 1,848,357
September 2012 7.8% 10.2% 1,876,533
August 2012 8.1% 10.6% 1,935,572
July 2012 8.2% 10.7% 1,962,259
June 2012 8.2% 10.7% 1,974,131
May 2012 8.2% 10.8% 1,994,056
April 2012 8.1% 10.9% 2,006,458
March 2012 8.2% 11.0% 2,031,074
February 2012 8.3% 10.9% 2,012,350
January 2012 8.3% 10.9% 2,019,491

-------------------------------------------------------------------------------

2012 Summary by City shows the REAL UI Rate Story:
Metropolitan Area Unemployment Rates | Department of Numbers

Bakersfield, CA 13.2% 0.0% 50,523 88
Chico, CA 11.7% -0.2% 11,766 -76
El Centro, CA 27.2% -0.3% 21,037 -130
Fresno, CA 14.4% 0.0% 64,090 206
Hanford, CA 14.4% -0.2% 9,024 -62
Los Angeles, CA 9.4% 0.0% 609,054 3,368
Madera, CA 13.5% 0.0% 8,803 -12
Merced, CA 16.8% -0.1% 18,394 5
Modesto, CA 14.9% 0.0% 34,896 5
Napa, CA 7.4% -0.1% 5,621 -39
Oxnard, CA 8.6% 0.0% 37,726 48
Redding, CA 12.3% -0.3% 10,456 -75
Riverside, CA 11.4% -0.1% 206,077 -661
Sacramento, CA 9.9% 0.0% 103,191 -189
Salinas, CA 10.8% -0.1% 25,130 -86
San Diego, CA 8.4% -0.1% 135,085 -654
San Francisco, CA 7.7% 0.0% 177,255 -574
San Jose, CA 7.9% -0.1% 75,451 -241
San Luis Obispo, CA 7.4% -0.1% 10,483 -94
Santa Barbara, CA 7.4% 0.0% 17,115 -14
Santa Cruz, CA 10.1% -0.1% 15,919 -20
Santa Rosa, CA 7.9% 0.0% 20,697 -3
Stockton, CA 14.1% -0.1% 42,823 20
Vallejo, CA 9.5% -0.1% 20,785 31
Visalia, CA 15.1% -0.2% 31,608 -218
Yuba City, CA 16.7% -0.2% 11,743 -4

2012 State Unemployment Rate examples showing that still most have at least 10% Unemployment Rate difference, when compared to the 2008 recession start
State Unemployment | Department of Numbers

Alabama 7.1% -0.4 152,638 -9,531
Alaska 6.6% -0.1 24,152 -279
Arizona 7.9% 0.1 238,343 1,982
Arkansas 7.1% 0.1 96,173 223
California 9.8% 0.0 1,804,922 -1,168
Colorado 7.6% -0.1 208,176 -1,274
Connecticut 8.6% -0.3 160,469 -6,223
Delaware 6.9% 0.2 30,500 859
District of Columbia 8.5% 0.2 31,068 701
Florida 8.0% -0.1 748,874 -11,796
Georgia 8.6% 0.1 413,942 4,742
Hawaii 5.2% -0.1 33,523 -439
Idaho 6.6% -0.2 50,846 -1,508
Illinois 8.7% 0.0 576,612 1,710
Indiana 8.2% 0.2 259,765 7,327
Iowa 4.9% 0.0 79,964 -268
Kansas 5.4% 0.0 80,401 -510
Kentucky 8.1% -0.1 169,754 -819
Louisiana 5.5% -0.3 114,838 -5,103
Maine 7.3% 0.1 51,395 81
Maryland 6.6% 0.0 206,719 2,722
Massachusetts 6.7% 0.1 234,302 4,204
Michigan 8.9% 0.0 412,576 391
Minnesota 5.5% -0.1 164,836 -3,153
Mississippi 8.6% 0.1 115,407 2,499
Missouri 6.7% 0.0 200,899 -1,512
Montana 5.7% -0.1 29,239 -299
Nebraska 3.7% 0.0 38,540 357
Nevada 10.2% -0.6 138,772 -8,855
New Hampshire 5.7% 0.1 42,031 435
New Jersey 9.6% -0.1 443,802 -720
New Mexico 6.4% 0.2 59,561 2,076
New York 8.2% -0.1 786,795 -6,757
North Carolina 9.2% 0.1 438,864 6,997
North Dakota 3.2% 0.1 12,653 457
Ohio 6.7% -0.1 387,673 -3,341
Oklahoma 5.1% -0.1 93,321 -822
Oregon 8.4% 0.0 163,973 -1,371
Pennsylvania 7.9% 0.1 516,658 4,333
Rhode Island 10.2% -0.2 57,799 -857
South Carolina 8.4% 0.1 180,032 3,211
South Dakota 4.4% 0.0 19,488 -116
Tennessee 7.6% 0.0 235,675 -195
Texas 6.1% -0.1 771,287 -10,784
Utah 5.2% 0.1 70,982 1,382
Vermont 5.1% -0.1 18,037 -733
Virginia 5.5% -0.1 238,155 -3,492
Washington 7.6% -0.1 262,475 -6,307
West Virginia 7.5% 0.2 59,709 1,092
Wisconsin 6.6% 0.0 202,174 -453
Wyoming 4.9% -0.2 14,893 -488

-------------------------------------------------------------------------------

National Unemployment Rate 2003-2013 (NOT the U6 measurement for discouraged workers and other factors...see below)
http://data.bls.gov/timeseries/LNS14000000

Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual
2003 5.8 5.9 5.9 6.0 6.1 6.3 6.2 6.1 6.1 6.0 5.8 5.7
2004 5.7 5.6 5.8 5.6 5.6 5.6 5.5 5.4 5.4 5.5 5.4 5.4
2005 5.3 5.4 5.2 5.2 5.1 5.0 5.0 4.9 5.0 5.0 5.0 4.9
2006 4.7 4.8 4.7 4.7 4.6 4.6 4.7 4.7 4.5 4.4 4.5 4.4
2007 4.6 4.5 4.4 4.5 4.4 4.6 4.7 4.6 4.7 4.7 4.7 5.0
2008 5.0 4.9 5.1 5.0 5.4 5.6 5.8 6.1 6.1 6.5 6.8 7.3
2009 7.8 8.3 8.7 9.0 9.4 9.5 9.5 9.6 9.8 10.0 9.9 9.9
2010 9.8 9.8 9.9 9.9 9.6 9.4 9.5 9.5 9.5 9.5 9.8 9.3
2011 9.1 9.0 8.9 9.0 9.0 9.1 9.0 9.0 9.0 8.9 8.6 8.5
2012 8.3 8.3 8.2 8.1 8.2 8.2 8.2 8.1 7.8 7.9 7.8 7.8
2013 7.9

The government says the recession "ended" in June 2009 when the Unemployment Rate was 9.5%, but it later peaked to 10% nationally in October of 2009 and has not moved down far enough to be close enough to the "pre-recession/crisis/downturn" numbers. One of the main reasons unemployment numbers are going down is not because new jobs have been added, it is because people have stopped looking for work because they cannot find any or enough to survive (and their benefits usually have run out as well):

The Unemployment Report Wasn’t Rigged, but It’s Not Accurate, Either
U.S. Unemployment Rate Blind Spot: Discouraged Workers Muddy the Stats | TIME.com

"All this back and forth underscores the fact that the unemployment rate is not the cut-and-dried, authoritative statistic that the media often portray it to be. The so-called discouraged worker is one factor that muddies the data, for example. The Labor Department determines the unemployment rate by surveying 60,000 households and asking respondents a series of questions to determine their employment status. If a citizen is out of work but hasn’t looked for a job in the past four weeks, he isn’t considered employed or unemployed; he simply isn’t counted as part of the labor force."

"The reason for this is simple: a retired person, say, or a parent who voluntarily stays home to raise his children shouldn’t be considered unemployed. The problem is that, using this methodology, someone who becomes so discouraged by the state of the job market that he gives up looking for work won’t be counted as unemployed either, even though logic says he should be. Ideally, you want to have a measure that eliminates people who are obviously not in the labor force, like stay-at-home parents, but includes people who want work but can’t get it, like discouraged workers."

"It turns out that tracking the discouraged-worker population is only one of the difficulties in measuring the unemployment rate. To mitigate these kinds of problems and give the public a better understanding of the total employment picture, the Labor Department issues six different measures of employment, with the official rate being just one of the six. The most inclusive measure, called U6, classifies discouraged workers (as well as those who are working part time but would like to work full time) as unemployed. In a sluggish economic recovery the U6 rate may be a better barometer for the state of the economy. And by this measure, the economy is improving at a slower pace than the official rate indicates."

Portal Seven | U6 Unemployment Rate
Unemployment Rate - U6

2006
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
8.4 8.4 8.2 8.1 8.2 8.4 8.5 8.4 8.0 8.2 8.1 7.9

2007
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
8.4 8.2 8.0 8.2 8.2 8.3 8.4 8.4 8.4 8.4 8.4 8.8

2008
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
9.2 9.0 9.1 9.2 9.7 10.1 10.5 10.8 11.0 11.8 12.6 13.6

2009
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
14.2 15.1 15.7 15.9 16.4 16.5 16.5 16.7 16.7 17.1 17.1 17.1

2010
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
16.7 17.0 17.0 17.1 16.6 16.5 16.5 16.5 16.8 16.7 16.9 16.6

2011
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
16.2 16.0 15.8 16.0 15.8 16.1 16.0 16.1 16.3 16.0 15.5 15.2

2012
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
15.1 15.0 14.5 14.5 14.8 14.8 14.9 14.7 14.7 14.5 14.4 14.4

"Recovery" extended unemployment benefits:
EB Program "triggered OFF" 2012+. EUC08 program has been extended to the end of 2013.

--------------------------------------------------------------------------------

Portal Seven | U6 Unemployment Rate

These are the "real" unemployment numbers that some speak of and look to, showing the "discourage workers" and the workers who are not working full time compared to their pre-recession levels (above).

What is U6 unemployment rate ?

The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts "marginally attached workers and those working part-time for economic reasons." Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the "marginally attached workers" include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over.

Is the economy "roaring"?

Related Petitions

https://www.change.org/petitions/de...re-robbing-the-unemployed-out-of-recovery-aid

https://www.change.org/petitions/co...nt-benefits-program-look-back-trigger-anomaly

 

[EdwardBaiamonte]

Is the economy "roaring"?

with u6 showing 23 million unemployed I doubt it!!

 

[Staidhup]

Keep talking about this roaring recovery to those unemployed. Funny how this roaring recover has not made any significant change to the unemployment lines.

 

[emptystep]

Does the economy have to be roaring for everyone for it to be a roaring economy? Besides it is the job creators who are benefiting the most from this economy so we will all be benefiting any day now.

 

[Staidhup]

Does the economy have to be roaring for everyone for it to be a roaring economy? Besides it is the job creators who are benefiting the most from this economy so we will all be benefiting any day now.

The financial markets and economy are separate and distinct, one is not a reflection of the other, for the world is flat and composed of enormous consumer segments throughout, so when one views the US economy it would be erroneous to state that a corporations earning reflect the current state of the United States economy.

 

[emptystep]

Does the economy have to be roaring for everyone for it to be a roaring economy? Besides it is the job creators who are benefiting the most from this economy so we will all be benefiting any day now.

The financial markets and economy are separate and distinct, one is not a reflection of the other, for the world is flat and composed of enormous consumer segments throughout, so when one views the US economy it would be erroneous to state that a corporations earning reflect the current state of the United States economy.

But stock price is not the same as corporate earnings. Stock price is based on the belief in the future of those corporations. The corporations might be struggling and the people employed by them might be struggling and even the people unemployed might be struggling but as everyone knows, it is the rich who are the wise people in this country and they, more than anyone else, know the state of the economy is roaring. Are you smart enough to argue with what they say?

 

[Oddball]

Does the economy have to be roaring for everyone for it to be a roaring economy?

The economy is CONTRACTING, you fucking imbecile.

 

[emptystep]

Does the economy have to be roaring for everyone for it to be a roaring economy?

The economy is CONTRACTING, you fucking imbecile.

The economy is NOT contracting. Give yourself unto a higher power.

 

[Oddball]

You're dumber than a fucking bag of hammers.

Shock figures reveal US economy contracted in final quarter of 2012 - Americas - World - The Independent

US economy contracted in fourth quarter of 2012 - World Socialist Web Site

U.S. and British Economies CONTRACTED in Fourth Quarter of 2012 - Washington's Blog


US & UK Economies CONTRACTED in Q4 2012 | The Big Picture

Economy Contracted Slightly in Fourth Quarter of 2012 | NASBO

http://www.nytimes.com/2013/01/31/b...ctedly-contracted-in-fourth-quarter.html?_r=0

 

[emptystep]

US economy contracted in fourth quarter of 2012 - World Socialist Web Site

WTF?

About the World Socialist Web Site

The World Socialist Web Site is published by the International Committee of the Fourth International, the leadership of the world socialist movement, the Fourth International founded by Leon Trotsky in 1938.

The WSWS aims to meet the need, felt widely today, for an intelligent appraisal of the problems of contemporary society. It addresses itself to the masses of people who are dissatisfied with the present state of social life, as well as its cynical and reactionary treatment by the establishment media.

Well, if they say it it must be true.