"Obamanomics" is working

Little more than a year ago, financial markets were in turmoil, major auto companies were on the verge of collapse and economists such as Paul Krugman were worried about the U.S. slumbering through a Japan-like Lost Decade. While no one would claim that all the pain is past or the danger gone, the economy is growing again, jumping to a 5.6 percent annualized growth rate in the fourth quarter of 2009 as businesses finally restocked their inventories. The consensus view now calls for 3 percent growth this year, significantly higher than the 2.1 percent estimate for 2010 that economists surveyed by Bloomberg News saw coming when Obama first moved into the Oval Office.

www.msnbc.msn.com...



Mod Edit: No Quote/Plagiarism – Please Review This Link.

[edit on 10-4-2010 by asala]

Yeah sure.

You should read Denniger for a week then we can talk again.

Read this blog for a week :
Market Ticker.

You need to wake up.

I get most of my information from reading blogs, I decided a long time ago to take advantage of the net. The reason I know Obamanomics is working is because I read really good blogs and news sits.

www.drudge.com

is one site

if you want to get the best information like I do I recommend you read the blogs I read.

sorry I had no time to check out your link
I am reading a newsite right now that I always do

ask me questions if your still confused

reply to post by sharklive6


My question is if you can define what exactly Obamanomics is?

Please don't send me to no links. I want it defined in your own words.

Thanks in advanced.

Originally posted by jam321
reply to post by sharklive6

 

My question is if you can define what exactly Obamanomics is?

You know, when he and Bush took 1.5 Trillion $ from us and our children and is slowly spoon feeding it back into the economy.

-E-

[edit on 9-4-2010 by MysterE]

reply to post by MysterE

You know, when he and Bush took 1.5 Trillion $ from us and our children and is slowly spoon feeding it back into the economy.

Guess the op left Bush out of the pic.

Originally posted by sharklive6
businesses finally restocked their inventories.

I could easilly restock my shelves too if people aren't buying from me. Wake up and DENY IGNORANCE! How is it that obamanomics is working when unemployment is growing? How can shrinking employment work to grow an economy? You explain that one with obamanomics and we will talk. Until then you are just a political troll and an obama lap dog to me.


[edit on 4/9/2010 by SpaDe_]

reply to post by sharklive6


obamanomics huh? what exactly is that? shizzle give me 1.7 trillion to distribute, then allow me to run random without the legislative and judiscial branch and owe man. could give americans more jobs that are not temps in more time than you can say shazzam! plz do tell what this man has done except more of a police state which includes but not limited to the following, additional irs agents, brown shirts-obama civil service agents telling on there neighbors, obama crying to other nations about this great nation. fail to see your point! really, i would fire this azz clown in less than a second if he was one of my superintendents!

I hold several advanced business degrees and work as a financial management consultant to elite global accounts in business and government for one of the huge management consulting and services firms.

First of all, you are confusing growth numbers with wealth. For example, 3% of a 50% smaller basis would equal 1.5% growth of the original basis. Also, GDP does not equal personal new worth - far from it. GDP includes government spending.

Most people hold wealth in the form of the securities investments and their homes. Home prices will not recover in the foreseeable future and are a fraction of peak valuations. While the various US indices have made a run up, a large portion of that gain is from currency devaluation i.e., inflation, and does not represent economic growth. And if your portfolio held any of the companies that were forced out of business ... for example, Chrysler and its "Offer you can't refuse" and most unorthodox bankruptcy settlement, well you're just screwed. That money is never coming back and I don't care if GDP goes to infinity along with the DJIA.

Secondly, presidents do not create growth let alone wealth. They can only confiscate wealth already created. Obama has nothing to do with this, unless you consider the GDP growth figures include government spending, which you probably don't realize. In other words, absent government spending of borrowed money, we had negative GDP growth.

The US is in debt to its eyeballs, whether you consider private debt, corporate debt or sovereign debt. It is almost impossible to carry the interest let alone address the principle. In other words, WE ARE TAPPED OUT. OUR CREDIT LIMIT HAS BEEN REACHED. What will happen when the free" health care bills come due in five years? What about Baby Boomer retirement and social security?

It is mathematically impossible to pay these debts and obligations without debasing the currency.

Research the Wiemar Republic.

[edit on 9-4-2010 by joeofthemountain]

[edit on 9-4-2010 by joeofthemountain]

Until unemployment shrinks in a huge way I say Obamanomics is BS

Most people here are so brainwashed to hate Obama and are programed to automatically assume that anything this administration does means the death of America, and the stripping of every single one of our rights, that it's going to be difficult for you or anyone to show anything good about this administration.

Many of them worship the ground Glen Beck, Sean Hannity, WND, and Rush Limbaugh walk on, and take those peoples word for gospel.

Hell, a lot of these people think that FEMA camps are real, and the government is coming for their guns!

March jobs report shows growth

Manufacturing grows at fastest rate since 2004

Consumer confidence rebounds in March

Many of these people on this site will poo poo anything this administration does to try and fix our economy, and spin it to show how it will destroy this country and soon you will be dead in a ditch.

They will all claim that they are centrists or realists that are free thinkers, but the reality is, they are for the most part propagandized to the point that they see disaster around every corner.

Best thing you can do, is just show the facts of the matter, and overall ignore the parrots of the most right wing conservative blabber mouths.

yeah, lost cause here. unemployment could be 1% and these guys would be setting their hair on fire because it wasn't zero, so forget the small indicators that may (or may not) hint at recovery.

We can give the Obamunists stats and numbers all day long. We can tell them what its like from a small business perspective. We can tell them from a grocery store shopping perspective.

Hell, we can beat them in the head with the messiahs (small m, thank you) own words of promising more taxes.

The only thing they can throw back is Bush stuff, Beck stuff, Hannity stuff, ect..

No, I'm not a fan of any of the above "stuff"

Our economy has been systematically crapped on (I think TOO much credit usage PLUS govt. intrusion) for the last 20+ years.

In 1989 I was a bachelor, had my own pad for $279 a month, a $30 electric bill, groceries, and gas. I had enough to buy a new gun every few months or so and screw around fairly often.

For $6 an hour and 46 hrs a week. Money was different.

reply to post by whatukno



Your post is meaningless. What is the point you're trying to make?

I am 45, a family man, earn a nice, respectable, six-figure income, have an Ivy League education with multiple advanced -- and legitimate -- degrees, hold an IQ sufficient for Mensa and then some, and have been studying business and economics for most of my adult life as a consulting practitioner and as a small business investor.

What exactly are your qualifications again?

Obamanomics ???
Oh yea !!!

Obamanomics:
That's when the FED Gov pays bailouts to bankers
and CEO's of failing ventures who pocket the change
and doesn't re-invest in the economy or job growth.

Anti-Obamanomics:
Whereas Obama SHOULD have given the money
directly to the PEOPLE and let them spoon-feed
the bankers what we wanted them to have.

yea, think that sums it up

reply to post by sharklive6

The reason I know Obamanomics is working is because I read really good blogs and news sits.

Which is essentially saying that Reagonomics is working as it's pretty much the same thing.

No...man...just.....no.

If Obama wants to actually do something good for the economy..he'd push a reform of our absolutely TERRIBLE trade laws. he hasn't done it yet except for a tariff he slapped on chinese tires.

Although the economy isn't in a free fall atm....it soon will be something isn't done about our trade laws. IT IS FACT. We will be a third world country if we don't do something about it.

The only way to compete with slave labor is to become a slave labor country...which we WILL be if we don't increase tariffs to give our businesses a chance.

reply to post by whatukno


hey what, love how you twist the thread to suite your fancy! so i will just say this! since obama has been in office! the only change that i have seen is one step closer to fascism. Mussonlini said the definition of fascism is the joining of the corporation to the state! thus, just about the only thing that i have seen so far?

We can give the anti-Obamunists stats and numbers all day long. We can tell them what its like from a small business perspective or any other perspective. We can tell them from a grocery store shopping perspective.

Hell, we can beat them in the head with Bush's unnecessary and $1 trillion havok-wreaking wars, followed by tax cuts!

The only thing they can throw back is Clinton stuff, Limbaugh stuff, Palin stuff, etc, ...

No, I'm not a fan of any of the above "stuff"

[edit on 4/9/2010 by Hadrian]

I completely agree that if our trade laws remain the same we are screwed. Thanks for bringing it up, not enough people realize the significance.

drudge

is a joke site just look at this
AL-QAEDA VOWS TO BOMB WORLD CUP

www.thesun.co.uk...

sun .uk is usually where those fake stories are posted.

i don't see the whole world improving buddie, i see a new revolution coming.

maybe u been to much in the matrix u need to get out and see the truth

[edit on 9-4-2010 by Agent_USA_Supporter]

[edit on 9-4-2010 by Agent_USA_Supporter]