Article

2015-04-05 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Bobby 2015-04-05 07:59|| || Front Page|| [11125 views ] Top

#1 It's like MMGW. Somehow the numbers never add up. Math doesn't care.

Posted by Procopius2k 2015-04-05 08:53|| 2015-04-05 08:53|| Front Page Top

#2 Spend an extra trillion a year, print another 800 Billion to buy our own bonds and yet the economy only grows an average of ~2% (~$300 billion) per year. Jeez what could go wrong in the long run.

Expect a Krugman article to tout a leaner more efficient economy as a benefit to the Obama economic policies.

Posted by airandee 2015-04-05 10:47|| 2015-04-05 10:47|| Front Page Top

#3 Considering that most of the recent hiring was to make things compatible with Obumblecare and companies did little else with the money... like invest and grow to create jobs... there will be little growth from here on out.

In fact I see some contraction in the future.

Posted by DarthVader 2015-04-05 11:17|| 2015-04-05 11:17|| Front Page Top

#4 And even if you do keep your job, they are doing fun things like 30% pay cuts. On top of your money being worth less than before. Very not fun at the moment.

Posted by Silentbrick 2015-04-05 11:37|| 2015-04-05 11:37|| Front Page Top

#5 The jobs exist---in China.

Posted by g(r)omgoru 2015-04-05 12:51|| 2015-04-05 12:51|| Front Page Top

#6 The jobs exist---in China. Posted by g(r)omgoru

Forward your CV along with the appropriate fees to the Kissinger foundation. They'll find you a home.

Posted by Besoeker 2015-04-05 13:16|| 2015-04-05 13:16|| Front Page Top

#7 Quityerbitch'n and get in line dimmet.

Posted by Besoeker 2015-04-05 13:18|| 2015-04-05 13:18|| Front Page Top

#8 The way Obama tracks unemployment is a fraud. In 2008 when Obama took over the first thing that was done was to remove the U-6 (unemployed who have exhausted their benefits) from the tallies. The next change was to eliminate the U-3 (unemployed drawing benefits)who did not actively seek work for a one week period. Next since the unemployment numbers continued to tank the entire system of actual unemployed was scrapped in favor of a mathematical model. The model has 60,000 make believe workers that the government tracks based upon the percent unemployed that Obama wants. The present unemployment numbers are hollow propaganda. It is estimated that if the original counting of the unemployed used in 2008 was applied today the unemployed would be 22.8%
How when 200K people lose their jobs weekly and 200K are hired monthly can unemployment numbers decline.

Posted by David169 2015-04-05 13:25|| 2015-04-05 13:25|| Front Page Top

#9 thank you David, this is the most concise description I have ever seen about the way government now lies with partial truth regarding unemployment. 2007-present is the second great depression and absent a war t create jobs, how will this one turn out? Imagine in 1941 if the Japanese had all the money and our jobs....makes it hard to tell the ChiCOms to FO.

Posted by NoMoreBS 2015-04-05 16:36|| 2015-04-05 16:36|| Front Page Top

#10 The present unemployment numbers are hollow propaganda.

Spot on! Then entire process has silently and quite methodically transitioned to a permanent Social Security Disability system, the numbers of which have now spiked through the clouds.

SSI Disability enrollment was nearly nine million 'in current pay status' at the end of Feb, 1015, according to SSI estimates, which should be taken with a grain of salt.

Posted by Besoeker 2015-04-05 16:44|| 2015-04-05 16:44|| Front Page Top

#11 an impartial inquiring media, it would seem, would make those distinctions and differences known at the top of their lungs,. The lack of which explains their declining credibility

Posted by Frank G 2015-04-05 17:23|| 2015-04-05 17:23|| Front Page Top

23:58 OldSpook
23:41 JosephMendiola
23:30 JosephMendiola
23:26 Vernal Spavins7649
22:57 KBK
22:46 KBK
22:43 remoteman
22:13 Lionel Thoth9784
21:44 JosephMendiola
21:32 CrazyFool
21:32 JosephMendiola
21:29 CrazyFool
21:27 CrazyFool
21:20 Vernal Spavins7649
20:50 Vernal Spavins7649
20:46 Vernal Spavins7649
20:41 Ebbomosh Hupemp2664
20:34 Vernal Spavins7649
20:22 Ebbomosh Hupemp2664
20:21 Vernal Spavins7649
20:07 phil_b
19:41 Airandee
18:38 Procopius2k
17:51 Airandee