Forum Thread

The Economy is Taking Off, but Republicans Must Not Have Received the Memo

Reply to ThreadDisplaying 10 Posts
  • Strongly Liberal Democrat
    Democrat
    Portland, OR
    Are you sure you want to delete this post?
        
    One thought kept popping into my mind when I saw the April jobs report showing that 223,000 jobs were added and the unemployment rate has dropped to its lowest level in seven years: why are cable commentators continuing to allow Republicans to say that the economy is in terrible shape?

    How much longer should Republicans be able to get away with saying 'The Obama Economy' as a pejorative and not a positive thing? The economy he inherited from Bush was in free fall. His policies have now brought about years of job growth and the best economy we've had since the Clinton years. Why do so many in the media continue to allow Republican's to say our economy is doing poorly and not call them out for their obvious lies?
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
    Are you sure you want to delete this post?
        
    Republicans are only speaking to their base at this point in the campaign. As long as their followers remained tuned to Fox News or Rush Limbaugh, they will never know that the "Obama Economy" is anything but what they portray it as. Later on they might do some flip flopping and claim the improvements are entirely due to Congress holding the purse strings and stopping Obama's "reckless spending".
  • Independent
    Ft.myers, FL
    Are you sure you want to delete this post?
        
    Schmidt Wrote: Republicans are only speaking to their base at this point in the campaign. As long as their followers remained tuned to Fox News or Rush Limbaugh, they will never know that the "Obama Economy" is anything but what they portray it as. Later on they might do some flip flopping and claim the improvements are entirely due to Congress holding the purse strings and stopping Obama's "reckless spending".
    Talking about "reckless spending" sorry to say the wasteful Pentagon is trying right now to spent more and more; the navy wants new aircraft and the air force also more new drones ( partly CIA budget?) and so on; let alone the continued upgrades for the F35 and helmets at $400K a pop as well 400 plus fixes . Of course the resupply of plenty of ammunition/weapons all used up in Iraq, Syria and plenty of other places including a fantastic live training mission in TX etc. There is no end to their wishes and "fake budget". My guess is Obama has no guts to go in against all of this continuing waste, because our 999 generals run this country; Obama, he's just a "puppet" for them. Recruiting "human robots" for their cause is in full swing; just like we don't have enough veterans yet.
    "Sieg Heil".
    As a matter of fact ISIS has won already; how much do we spent per day on them? They don't have to do nothing; we will only get "poorer' by the day.( Except of course the "warmonger 1%; they make more money than ever; just ask McCain)
  • Independent
    Are you sure you want to delete this post?
        
    the economy taking off? perhaps a definition of taking off is required. oh, more jobs is always good but as we know unemployment and underemployment numbers have been skewed for decades. be that as it may Obama has done surprisingly well considering that he has to deal with a psychotic Republican Party, an electorate that is by turns speaking in tongues/snake handling religious lunes, simplistic exceptionalists, jingoistic xenophobes and scared of their own shadow/the Muslims are going to get us wimps all while lacking the arm twisting abilities of an lbj or even a Bill Clinton.

    but that aside the economy will not take off likely ever again. Creative destruction has become labor destroying and the large numbers of people who need work will continue to be funneled into the so-called service economy via de-industrialization and continued financialization. As the prc takes its traditional place as the world's largest economy the u.s. will be forced to think outside the usual political economic box to find employment for its people.
  • Strongly Liberal Democrat
    Democrat
    Portland, OR
    Are you sure you want to delete this post?
        
    lonely bird Wrote: the economy taking off? perhaps a definition of taking off is required.
    I think the fact that we have had 62 consecutive months of job growth that created 12.3 million private sector jobs is a pretty damn good definition of the economy taking off. Take home pay, even adjusted for inflation, is higher than it has been in years as well. Yes, there are plenty of people who are still struggling in our country, but that doesn't mean that an economic Armageddon is around the corner.

    lonely bird Wrote: but that aside the economy will not take off likely ever again. Creative destruction has become labor destroying and the large numbers of people who need work will continue to be funneled into the so-called service economy via de-industrialization and continued financialization. As the prc takes its traditional place as the world's largest economy the u.s. will be forced to think outside the usual political economic box to find employment for its people.


    This is an awfully jaded way of looking at things. It's true that crony capitalism is a bane on our society and far too many manufacturing jobs have been shipped to areas of the world that can pay their employees pennies on the dollar, but that doesn't mean that all hope is lost and nothing can be done.

    I think that the facts and the American peoples assumptions about the economy are two entirely separate things. Our government is currently incapable of tackling some major issues that we will eventually have to address, but that doesn't mean that our economy is in a free fall.
  • Independent
    Are you sure you want to delete this post?
        
    jaredsxtn Wrote:
    lonely bird Wrote: the economy taking off? perhaps a definition of taking off is required.
    I think the fact that we have had 62 consecutive months of job growth that created 12.3 million private sector jobs is a pretty damn good definition of the economy taking off. Take home pay, even adjusted for inflation, is higher than it has been in years as well. Yes, there are plenty of people who are still struggling in our country, but that doesn't mean that an economic Armageddon is around the corner.
    lonely bird Wrote: but that aside the economy will not take off likely ever again. Creative destruction has become labor destroying and the large numbers of people who need work will continue to be funneled into the so-called service economy via de-industrialization and continued financialization. As the prc takes its traditional place as the world's largest economy the u.s. will be forced to think outside the usual political economic box to find employment for its people.

    This is an awfully jaded way of looking at things. It's true that crony capitalism is a bane on our society and far too many manufacturing jobs have been shipped to areas of the world that can pay their employees pennies on the dollar, but that doesn't mean that all hope is lost and nothing can be done.

    I think that the facts and the American peoples assumptions about the economy are two entirely separate things. Our government is currently incapable of tackling some major issues that we will eventually have to address, but that doesn't mean that our economy is in a free fall.
    Jaded? Maybe. I simply ascribe to James K. Galbraith and his book "the new normal." The labor destruction of automation, de-industrialization and financialization not only isn't going away, it can't go away. The service economy cannot replace the wages and thereby the consumption required to maintain the high growth rates of decades ago. Furthermore to borrow from Kenneth Boulding "the only people who think infinite growth can continue on a finite planet are madmen or economists." Which he was.
  • Liberal
    Independent
    Durham, NH
    Are you sure you want to delete this post?
        
    I have to agree with you, LB. fortunately for me I remember the days of so called "American exceptualism" (for white men at least)! Those days are lost forever, I fear. We have sold ourselves to the lure of cheap goods from Asia we can onl afford on our meager incomes and we shall never recover without strong protectionists laws and labor unions - something we all know the 1% oligarchy will never allow to happen.

    Everything our our so called political leaders do is nothing more than "smoke & mirrors" designed to split and divide the typical citizen while enriching the few truly in power and running things (hint - it ain't the President or Congress)!
  • Liberal Democrat
    Democrat
    Colorado Springs, CO
    Are you sure you want to delete this post?
        
    Lonely -- Yes Galbraith makes good points in his book, The End of Normal. I haven't read it, only the reviews, but I have read many other articles by Galbraith. And it should be noted that he is a Modern Monetary Theorist that believes we have too much hype about budget deficits and debt. His 2009 article, No Return to Normal, published in the Washington Monthly expands on some of his thinking. It appears he goes into much of the same stuff in his later book, but I'll extract just one paragraph from his list of solutions as we were in the midst of the Great Recession at the time he wrote it:

    "Third, we will soon need a jobs program to put the unemployed to work quickly. Infrastructure spending can help, but major building projects can take years to gear up, and they can, for the most part, provide jobs only for those who have the requisite skills. So the federal government should sponsor projects that employ people to do what they do best, including art, letters, drama, dance, music, scientific research, teaching, conservation, and the nonprofit sector, including community organizing—why not?""

    Regardless about what we may argue as the reasons for inequality in this country, (and economists have widely differing views), many of them recognize the need for government sponsored jobs programs because businesses are not going to take on that risk solely by themselves. I should add that Republicans disagree.
  • Strongly Liberal Democrat
    Democrat
    Portland, OR
    Are you sure you want to delete this post?
        
    Schmidt Wrote: Regardless about what we may argue as the reasons for inequality in this country, (and economists have widely differing views), many of them recognize the need for government sponsored jobs programs because businesses are not going to take on that risk solely by themselves. I should add that Republicans disagree.
    I could not agree more.

    One little discussed fact about the Great Recession was the unprecedented job losses throughout the Federal Government. Those jobs never came back when the economy started growing again. These former Federal employees were probably the hardest hit group and no one seems to talk about it.

    When will Republicans realize that some of the greatest expansions of wealth throughout our history is when the Federal Government steps in and stimulates the economy not by throwing money at banks, but by putting the American people to work building things? Their ceaseless drive to privatize the economy has brought about the catastrophic decline of our middle class.
  • Strongly Liberal Democrat
    Democrat
    Portland, OR
    Are you sure you want to delete this post?
        
    I figured I should post the President's recent discussion at Georgetown University concerning poverty in America. The 'news channels' only reported on his accusing Fox of pushing a false narrative about poverty, but this discussion was about far more than that. It's a little over an hour long, but I highly encourage anyone who wants to know exactly--and I mean exactly--what the President thinks about poverty and what can be done about it to take the time to watch it.