projected growth in US economy

[editec]

less than the rate of inflation....

bingo!

 

[kwc57]

Yes it has goitten better under Obama.

Why do you claim it hasnt

Prove it.

Show us where things are better today than when Obama took office. Feel free to start with unemployment.

Graph: Unemployment rate (seasonally adjusted)

If that is your evidence counselor, you just lost the case.

 

[Truthmatters]

What case?

the case that things are better in this country than what Bush left?


Its not just one number is it.

 

[Truthmatters]

Jobs created during U.S. presidential terms - Wikipedia, the free encyclopedia

 

[Truthmatters]

Its interesting , dem presidents create more jobs than republicans do

 

[LordBrownTrout]

And there they are to spew hate on me and the very idea that this country is getting better.

That is why they want the debt limit frozen.

They dont want to see America succeed.

They want the economy to crash again because they PUT PARTY OVER COUNTRY at every turn

I don't see people wanting the economy to spiral further.....but it is. That has nothing to do with hate. Why do you hate America, TM?

 

[Momanohedhunter]

U.S. economy on slow-growth road, IMF says - MarketWatch


Growth in the largest global economy is expected to average 2.5% in 2011 and 2.75% in 2012.

“We see a sustained, even if a bit slow, expansion going forward,” said John Lipsky, the IMF’s acting managing director, during a press briefing to discuss the report.




In addition, Congress should quickly raise the federal debt ceiling “to avoid a severe shock to the economy and world financial markets,” the report said.

Why the Jobs Situation Is Worse Than It Looks
We now have more idle men and women than at any time since the Great Depression

By Mortimer B. Zuckerman

Posted: June 20, 2011
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The Great Recession has now earned the dubious right of being compared to the Great Depression. In the face of the most stimulative fiscal and monetary policies in our history, we have experienced the loss of over 7 million jobs, wiping out every job gained since the year 2000. From the moment the Obama administration came into office, there have been no net increases in full-time jobs, only in part-time jobs. This is contrary to all previous recessions. Employers are not recalling the workers they laid off from full-time employment.
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The real job losses are greater than the estimate of 7.5 million. They are closer to 10.5 million, as 3 million people have stopped looking for work. Equally troublesome is the lower labor participation rate; some 5 million jobs have vanished from manufacturing, long America's greatest strength. Just think: Total payrolls today amount to 131 million, but this figure is lower than it was at the beginning of the year 2000, even though our population has grown by nearly 30 million. [Check out a roundup of political cartoons on the economy.

Why the Jobs Situation Is Worse Than It Looks - US News and World Report

 

[iamwhatiseem]

Oh for God's sake...I just responded to this sites #1 Troll.
Must resist....must resist..

 

[kwc57]

What case?

the case that things are better in this country than what Bush left?


Its not just one number is it.

Focus. You can do it. The case you presented on unemployment.

 

[kwc57]

Jobs created during U.S. presidential terms - Wikipedia, the free encyclopedia

You do realize that the chart in your link shows an increase in the number of jobs for every president since Herbert Hoover except for Obama who is at a loss.......don't you? You really need to vet your evidence better before throwing it out for review.

 

[CrusaderFrank]

How much more would the economy grow if Obama outlawed ATM's and airport kiosks?

 

[Liberty]

"The first requisite of a sound monetary system is that it put the least possible power over the quantity or quality of money in the hands of the politicians."

-Henry Hazlitt

 

[waltky]

Don't believe forecast for strong 2nd half rebound...

Economy to grow at 4%? Really? How?
June 30, 2011: If you said on January 1 that long-standing regimes in the Arab world would topple in the first half of 2011 AND that there'd be a massive earthquake and nuclear crisis in Japan AND that floods, tornadoes and wildfires would wreak havoc on a large portion of the United States, congratulations. You get a cookie.

Oh wait. Nobody had that in their 2011 outlooks? If the first six months of this year have taught us anything, it's that making economic forecasts is always a dicey proposition. So much is unpredictable. Remember that at the start of the year, many economists were pontificating about how strong the economy would be in the first half of the year thanks to the extension of the Bush era tax cuts. How quaint. But with that in mind, many economists are now forecasting a strong rebound in the second half. This is but a "soft patch."

Heck, Dallas Federal Reserve president Richard Fisher (not known for excessive optimism) even said in a speech earlier this week that 4% growth in gross domestic product in the last six months of the year would not be "unimaginable." The hope is that many of the events of the first half of the year -- such as surging oil and gas prices on Arab Spring supply fears and manufacturing disruptions tied to Japan -- will prove to be "transitory." (Take a shot of your favorite booze if you're playing the Ben Bernanke buzzword drinking game at home.) But are these rosy predictions realistic? Well, to quote comic Judy Tenuta: It could happen. Just don't bet on it.

Sure, oil prices have already started to slide from their highs. That could provide much needed relief for consumers. Still, the average price of a gallon of gas remains about $3.54. That's not cheap. And it's up from $2.76 at this time a year ago. And yes, there's also evidence that the hit to the manufacturing and tech sectors due to Japan really was only temporary. Research firm IHS iSuppli said Wednesday that it thinks tech companies should "fully recover" from disruptions to the supply chain within the next two months.

On Thursday, a key index that gauges the health of the manufacturing sector in the United States, the Chicago PMI, rose in June. Economists were expecting it to fall. That may be a sign that the heartland of the country is recovering not just from Japan, but the terrible weather in the U.S. this spring as well. But that's just one month. The Chicago PMI fell in February, March and April and it's not yet clear whether May is the start of a sustained rebound. "It's true that 4% GDP growth may not be 'unimaginable' but I think it's unlikely," said Dan North, chief economist with Euler Hermes, a credit insurer in Baltimore. North said there are still many risks that lead him to think growth will be sluggish. He pointed specifically to the stubbornly high unemployment rate and concerns about the housing market as two factors that could weigh on growth.

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