Sorry but the economy is starting to move

Discussion in 'Economy' started by Truthmatters, Jun 15, 2011.

  1. Truthmatters
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  2. Anachronism
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    Sorry but I don't see this country healing from the failed New Deal policies any time soon, TM.
     
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  3. Mr Clean
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    Mrs. Clean and I went to Chatanooga over the weekend to attend a niece's wedding.

    The airports were packed, each flight we took was full to capacity, the hotels were fully booked and the restaurants all had lines to get in.

    If this recession that we keep hearing about is so awful, and nobody's working, where are all these people getting the money to travel?
     
  4. Truthmatters
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    Maybe you need to study the history of recession in this country.

    You see just having an opinion you feel comfy with is not a good exchange for an opinion based on facts.


    The corps are in a position that they need to hire to increase profits.

    They wont hold back hiring to benifit the right leaning politicians for much longer.

    Remember they really only care about profits and they will toss the right under the bus to make more money.
     
  5. Truthmatters
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    The right doesnt have a chance in hell when the hiring begins.

    I bet there are alot of right wingers praying we dont recover soon.
     
  6. Wiseacre
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    Wiseacre Retired USAF Chief Supporting Member

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    From FoxBusiness.com, at this point the DOW is down 125 points so it might be tad early to start the celebration.


    Core consumer prices increased in May at their hottest pace in nearly three years, putting further pressure on cash-strapped consumers and adding to the headaches of the Federal Reserve.

    The Labor Department said Wednesday U.S. consumer prices rose 0.2% last month, doubling forecasts from economists for a rise of 0.1%.

    The increase was led by higher prices for new vehicles, which saw their prices jump 1.1%, food and housing.

    When volatile food and energy costs are removed, consumer prices grew by 0.3%, exceeding forecasts from economists for a rise of 0.2%. That marks the largest monthly gain since July 2008, two months before the implosion of investment bank Lehman Brothers that helped crater the economy.

    The government said consumer prices jumped 3.6% year-over-year, exceeding estimates for 3.4% and good for the largest increase since October 2008 when they climbed 3.7%. Core prices gained 1.5%, compared with forecasts for 1.4%.

    The hotter-than-expected inflation data combined with a dreary report that showed manufacturing activity in New York State unexpectedly contracted in June to send U.S. stock futures tumbling more than 100 points into the red Wednesday morning.The inflation report underscores the Fed's limited options in injecting new stimulus into a U.S. economic recovery that may have stalled out in recent months. That’s because further quantitative easing may only increase the pressure on inflation.
     
  7. Truthmatters
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    Whos celebrating ?

    Im telling you that things are starting to move and that the coprs will need to hire soon to see profits.

    They cut to the bone.

    Put all the work on their bare bones employee crews.

    Productivity soared and now it has reached its peak.

    They have bought new equipment in a plan to do more business.

    Now they have new equipment( they bought that somewhere and that somewhere hired people to build it right?).

    They have too few employees to handle the new equipment.

    They will need to hire people to run, repair said new equipment and will need someone to help sell , package and distribute whatever this new equipment produces huh?


    They will not wait a year and a half for you to elect republicans.

    They are going to start hiring and things are going to be better by election day.


    Then what will you do?
     
  8. Anachronism
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    No thanks, I've got better things to do, like pick my nose.

    Ideology trumps everything where I come from, philosophically.

    Gee, so why is the 3rd largest Gas/Electric Utility company in the United States CUTTING 1200 non-union jobs right now and in a total hiring freeze for non-union positions? Their plan to raise profits is to cut costs, specifically the cost of employing people.

    You're right that they only care about profits, but the quickest way to increase those profits is to DECREASE overhead, not increase it.
     
  9. Truthmatters
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    Some people do think ideology trumps facts, those people are fools.

    Because people are cutting back on things like electricity.
    This doesnt mean things are not starting to move does it.


    They have decreased overhead.

    They have done all of that that they can and still exsist.

    That is my point silly.

    They went bare bones and then found profit in that.

    They then bought new equipment and are ready for the next move.


    You dont buy new equipment to just sit on it do you?
     
  10. xsited1
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    xsited1 Agent P

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    Unfortunately, nobody really knows where the economy is moving. It's very, very shaky right now. Lots of uncertainty. I fear the worst.
     

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