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Adjutant
 
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Post 04 Dec 2016, 8:23 am

And no real estate bubble like under Bush. https://www.google.com/amp/s/www.washin ... ent=safari

The U-6 rate--which includes part-time workers and those given up looking for work--is down to 9.3% which is close to where it was from about 1996-2007. The economy has pretty much recovered at this point.http://portalseven.com/employment/unemp ... oYear=2016


But of course the Fed in fear that the average worker might you know get an actual raise that exceeds inflation will probably raise interest rates soon.http://www.epi.org/nominal-wage-tracker/

Hopefully, Trump won't screw it up with more trickle-down economics and lax financial regulation leading to another bubble. But he probably will. Why there was such angst that it was felt we needed to go with such a risky proposition as Trump instead of a moderate such as Hillary is beyond me. Even unemployment of high-school graduates is down to 7.9%. Yes, manufacturing jobs are not doing well but do Americans want to spend their lives doing repetitive, low-skilled tasks all day? Yes, if that is the only way to a middle-class lifestyle for some. But preferably not.

Not too shabby, Obama.
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Post 05 Dec 2016, 7:07 am

not too shabby?

It's not horrible news mind you, but how can you get much positive out of this?
We spent how much money to get us out of the recession? It took EIGHT years to get back to where we were, it was the slowest "recovery" on record, underemployment is still high. You are taking a tiny bit of somewhat good news (yeah, it could be worse) and trying to pain this as some sort of wonderful result. This is like losing a football game by 3 touchdowns and saying "not too shabby" after scoring a field goal. It's decent news, but you can't get overly excited about it either.
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Post 08 Dec 2016, 1:53 pm

tom
It took EIGHT years to get back to where we were, it was the slowest "recovery" on record,

The recovery from the Great Depression took 12 or 13 years.... And a world war.

The recession of 08 was the worst recession since the great depression. Stands to reason the recovery took so long. Especially since the stimulus wasn't entirely generous. Those nations that had safety nets that automatically filled the spending void caused by job losses did not recede as far, and bounced back quicker.
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Post 09 Dec 2016, 9:10 am

rickyp wrote:tom
It took EIGHT years to get back to where we were, it was the slowest "recovery" on record,

The recovery from the Great Depression took 12 or 13 years.... And a world war.

The recession of 08 was the worst recession since the great depression. Stands to reason the recovery took so long. Especially since the stimulus wasn't entirely generous. Those nations that had safety nets that automatically filled the spending void caused by job losses did not recede as far, and bounced back quicker.


Well then, Obama, Biden, Clinton et. al should stop lying about it. They made it sound like the economic problems were over.

The unemployment rate is a farce.

A new analysis by senior Gallup economists makes this contradictory, stark statement:

“There is no recovery. Since 2007, U.S. GDP per capita growth has been 1%. The Great Recession may be over, but America is dangerously running on empty.” . . .

Gallup’s analysis traces the nation’s stubborn economic pneumonia back decades. Per capita median income topped out and stalled in 1999. Even accounting for its aging population, Americans’ general health condition is declining.

“Learning has stagnated,” the report notes. “Fewer new businesses are being launched. More workers are involuntarily stuck in part-time jobs our out of the labor force entirely.”

While the tech and professional service sectors are world-class, others are not, such as education and healthcare are far from it. Among others they soak up vast and increasing resources. Total national spending on housing, education and healthcare has soared from 25% in 1980 to 36% last year with no appreciable gains or improvements.


The number of underemployed and those who are working multiple jobs is what is most disturbing. And, the disconnect between what Democrats said and what people are experiencing is a major reason Trump won.