What's wrong with our economy?

[Figaro]

US is the largest economy in the world. It is approximately 18% of global GDP. At the same time the United States is also the world's largest importer. Import constantly exceed exports, creating a trade deficit. Inefficient allocation of the budget led to the fact that the United States federal budget is also constantly in deficit. The problem is that the United States is spending budget money on completely ineffective programs: military operations and engineering research of the Pentagon, social programs and health programs
In fact, today the economy of the United States is, as they say, "soap bubble", which will soon really should burst, the only question is when and after what event, whether it will be another war, economic reform or the new president of pointless project "stabilization of the economy "

 

[usmcstinger]

Too many people as well as the media believe that only Job Growth and Unemployment Rates define how our economy is doing.
What gets ignored is the Labor Force Participation Rate.
According to the Bureau of Labor Statistics the most recent rate is 62.9.

Workforce Participation at 36-Year Low as Jobs Climb - Bloomberg

[TBODY] [/TBODY]

 

[Darkwind]

Economies do not flourish or function if they are forced to provide equality of outcome for all.

They never have, and they never will.

 

[pinqy]

Too many people as well as the media believe that only Job Growth and Unemployment Rates define how our economy is doing.
What gets ignored is the Labor Force Participation Rate.
According to the Bureau of Labor Statistics the most recent rate is 62.9.

Workforce Participation at 36-Year Low as Jobs Climb - Bloomberg

[TBODY] [/TBODY]

And why do you think the LFPR is more significant? It does not accurately reflect the labor market because it is affected by many non-economic factors. And while it is currently near the lowest point since 1978, it is still higher than any time before that. I don't think you'd say the labor market situation now is better off than anytime before '78.

 

[Mr. H.]

Money should be flowing to Main Street, not Wall Street.
And that will never happen with Obama in the W.H.

 

[NLT]

What's wrong with our economy?

Barak Hussien Obama and the Democratic control of the senate.

 

[Indeependent]

Damn! If only we had a Republican in the White House Sep 2008!
Oh wait, we did!

 

[EdwardBaiamonte]

Inefficient allocation of the budget led to the fact that the United States federal budget is also constantly in deficit. "

dear, why not try Econ. 101. Ever heard of college?? A deficit occurs when expenditures are less than taxes. It has nothing to do with" allocations".

Republicans have long sought to make deficits illegal and Democrats have long opposed.
Republicans are for fiscal responsibility,Demcorats are for more and more welfare. Which are you?

 

[EdwardBaiamonte]

Damn! If only we had a Republican in the White House Sep 2008!
Oh wait, we did!

If only we had had Republican policies in place in 2008 rather than the massive liberal programs that so distorted and interfered with the free market thus causing the bubble and crash. Way over a liberals head -right?

 

[EdwardBaiamonte]

What's wrong with our economy?

Barak Hussien Obama and the Democratic control of the senate.

only if you believe that massive liberal soviet interference with the economy is bad. My feeling is that despite 132 failures and 160 million slowly starved to death one day the liberal soviets will hit on the right regulatory scheme!!

 

[pinqy]

A deficit occurs when expenditures are less than taxes.

Strike that. Reverse it.

 

[bugs]

US is the largest economy in the world. It is approximately 18% of global GDP. At the same time the United States is also the world's largest importer. Import constantly exceed exports, creating a trade deficit. Inefficient allocation of the budget led to the fact that the United States federal budget is also constantly in deficit. The problem is that the United States is spending budget money on completely ineffective programs: military operations and engineering research of the Pentagon, social programs and health programs
In fact, today the economy of the United States is, as they say, "soap bubble", which will soon really should burst, the only question is when and after what event, whether it will be another war, economic reform or the new president of pointless project "stabilization of the economy "

the stock market is at ALL TIME RECORD Highs and That right there is Proof we are in a Massive Recovery! LOL!

 

[EdwardBaiamonte]

A deficit occurs when expenditures are less than taxes.

Strike that. Reverse it.

what?????

 

[Indeependent]

Damn! If only we had a Republican in the White House Sep 2008!
Oh wait, we did!

If only we had had Republican policies in place in 2008 rather than the massive liberal programs that so distorted and interfered with the free market thus causing the bubble and crash. Way over a liberals head -right?

I'm not a Liberal.
The software provided to Lenders was bypassed by rubber stamping managers who wanted more fees and commissions.
Auditing is still going on and I know one guy who does it.
He's a stauch Republican who says GW was a scumbag.

 

[william the wie]

You wrote the definition of a budget surplus.

 

[boedicca]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

 

[bugs]

What's wrong with our economy?

We're getting exactly what we invested in by subsidizing unemployment and lack of ambition (lifestyle welfare): lower employment and lower growth. Add to that QE^Infinity which enables banksters to make money by essentially loaning free Fed sponsored money bank to the government for a risk free interest spread and we get increased paper wealth with lackluster economic growth.

These are the logical results of Progressive "Government at the center of the economy" ideology.

Free $ helping out Big Wall St Banks? (!) OMG... is that why the market is so High?

 

[EdwardBaiamonte]

The software provided to Lenders was bypassed by rubber stamping managers who wanted more fees and commissions.

yes everyone thought liberals would keep inflating home prices forever so there seemed to be no risk. Still over your head?

 

[pinqy]

A deficit occurs when expenditures are less than taxes.

Strike that. Reverse it.

what?????

A deficit occurs when TAXES are less than EXPENDITURES. You had it reversed.
Or...A deficit occurs when Expenditures ARE GREATER THAN Taxes.

 

[Moonglow]

Where oh where is econochick when you need an expert amateur to straighten out this thread?

August 28, 2014 11:55 AM

The U.S. economy, the world's largest, is growing even faster than first thought.

The Commerce Department reported Thursday the American economy advanced 4.2 percent in the April-to-June quarter, up from its earlier 4 percent estimate. The agency said the bigger expansion was fueled by more robust business investment in new buildings, machinery and research.

The report said the American economy also is advancing because of increased consumer spending, more exports and higher spending by state and local governments.

US Economy Expanding Rapidly