Economy Fucked Up, This Is One Reason
- Thread starter thoughtone
- Start date
Directly, On Point
You won't see him back in this thread for a while. When he is, he will shift from the main topic again. He has Limbaugh, I have historic video!
First off, that wasn't his election year when that happened, that was before the midterms. The situation Obama's in is way different because this is his ELECTION year. What happened in 83, then 84?
You make this too easy.
No shit Sherlock. President Obama lost the midterms and will win a second term just like Reagan. The republicans made the election about Dukakis, not Reagan.. You're so dense you don't realize you are contradicting yourself.
dude every fucking incumbent makes the election about the other candidate. We have already went through this.
The problem Obama has is that his economic policies HAVE NOT WORKED. Again, what happened in 83, and 84? Good things have to happen for the American people to support you.
Obama does not have that benefit to fall back on.
I've stated time, and time again the best way for Obama to get re-elected. Obama pretty much did the exact opposite economically.
Here's a link that supports this.
http://campaign2012.washingtonexami...vs-obama-whose-policies-brought-growth/497191
<iframe width="420" height="315" src="http://www.youtube.com/embed/HIR14I0grt4" frameborder="0" allowfullscreen></iframe>
No! What happened with the economy to allow Reagan to get reelected?
You obviously don't see how different this situation is.
How are you going to try to educate a conservative on how Reagan won?
source: Daily Kos
Top dogs' corporate profits hit new records. Still hoarding gobs of cash, still barely hiring
The Fortune 500 are raking in the profits as never before. Indeed, corporate profits overall are back to pre-recession levels.
The Fortune 500 generated a total of $824.5 billion in earnings last year, up 16.4% over 2010. That beats the previous record of $785 billion, set in 2006 during a roaring economy. The 2011 profits are outsized based on two key historical metrics. They represent 7% of total sales, vs. an average of 5.14% over the 58-year history of the Fortune 500. Companies are also garnering exceptional returns on their capital. The 500 achieved a return-on-equity of 14.3%, far above the historical norm of 12%.
But business investment? Running about 16.5 percent vs. a pre-recession rate of 20 percent, according to the International Institute for Labour Studies. And hiring? Still limping along. Millions of new private sector jobs created over the past three years, but far short of the number required. The last jobs report, at a seasonally adjusted 115,000 jobs, was just barely above the level required to absorb increases to the working-age population, although the number of new hires will probably be revised upward 10-15 percent when the next report appears in June.
Meanwhile, the biggest U.S. non-financial corporations are sitting on an estimated $2 trillion in cash instead of using the money to hire more workers or invest in new projects.
At present, cash accounts for more than 6 per cent of the assets on the balance sheets of US non-financial companies. That is the highest in at least six decades, and represents the fruit of record high profit margins. Companies cut costs through redundancies during the post-Lehman economic swoon, while negligible interest rates reduced their borrowing costs. As a result, US corporate profits are higher, as a share of gross domestic product, than at any time since 1950.
But as uncertainty persists, groups are reluctant to repay that cash to shareholders by buying back stock or — particularly — paying dividends. The pay-out ratio (the proportion of earnings that go in dividends) for the S&P 500 index is at its lowest since 1900.
Got that? Corporate profits are higher, percentage-wise, than in more than 60 years. The dividend pay-out ratio is lower than in more than a century. And the companies are sitting on piles of money that make Scrooge McDuck look like an Occupy activist. But as uncertainty persists, groups are reluctant to repay that cash to shareholders by buying back stock or — particularly — paying dividends. The pay-out ratio (the proportion of earnings that go in dividends) for the S&P 500 index is at its lowest since 1900.
Meanwhile, extensive productivity gains during the recovery have benefited employers and stock prices but not workers. While the profits have rolled in, wages have risen less than two-thirds the level of inflation in the past 12 months.
Forbes notes that this can't last. Employers have squeezed about as much as they can out of their layoff-shrunken work-forces. Soon, it is claimed, they will have to hire more workers to meet growing consumer demand. There is, it is true, evidence in the data that more and more part-time workers who have been hankering for full-time jobs are finally getting them. And that could be a precursor to vastly more hiring and rehiring. Which, if it isn't just another verse in the siren song we've been hearing for two years straight, would obviously be music to the ears of the 25 or so million Americans who are officially jobless or underemployed, as well as those millions who have fallen off the radar completely.
But, given the actual play of the economy recently, best to believe it when we see it.
Your turn!
*sigh* Now it's the corporation's fault? Everyone but Obama it seems like....
Face it, if Obama's policies worked, you wouldn't still have 8 percent unemployment. We can go over, and over on this again. However, the main point is, his policies aren't working. You cannot have a limited recovery *in which he was trying to do*, and call it a recovery. You cannot limit where you want the economy to grow. You create a "reluctant" economy if you pick winners.
Please, someone translate this in to English.
So "The private sector is doing fine".
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I'll put it in plain English.
Obama's economic policies aren't working.
We have over eight percent unemployment.
How plain can I put it?
I guess when you use them, it's ok?
:edit: Honestly this is just common sense if you think about it.
It's working for the private sector and the obstructionists in congress.
I just love how you take the first two years of Obama's term, and act like it never happened.
Yet, I'm using talking points.
It's also funny how I beat you, and you abandon your attempt to make President Obama's situation just like Reagan's situation.
It's actually remarkable.
Que couldn't even save you on that one. Now, do us all a favor, and retire this post. For your sanity....
He does just fine without an assist, perhaps, you're failing to recognize that
yet, you feel free to assist him with more talking points.
It's understandable.
yet, you feel free to assist him with more talking points.
It's understandable.
You replies are getting weaker, weaker, weaker . . .
Need more proof?
source: Business Insider
Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low
In case you needed more confirmation that the priorities of US companies and the US economy are screwed up (specifically, they're engineered to create a country of a few million overlords and 300+ million serfs), here are three charts for you:
1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't).
2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.
Want to know more about what's wrong with the economy?
Need more proof?
source: Business Insider
Corporate Profits Just Hit An All-Time High, Wages Just Hit An All-Time Low
In case you needed more confirmation that the priorities of US companies and the US economy are screwed up (specifically, they're engineered to create a country of a few million overlords and 300+ million serfs), here are three charts for you:
1) Corporate profit margins just hit an all-time high. Companies are making more per dollar of sales than they ever have before. (And some people are still saying that companies are suffering from "too much regulation" and "too many taxes." Maybe little companies are, but big ones certainly aren't).
2) Fewer Americans are working than at any time in the past three decades. One reason corporations are so profitable is that they don't employ as many Americans as they used to.
Want to know more about what's wrong with the economy?
So, you are basically telling us, in Obama's economy, the rich are getting richer?
How could that be?
Don't get a headache trying to figure this one out....
I'm certain he can answer for himself, but, perhaps what he's telling us that in this republican-manipulated economy (republican-manipulators to include many of those elected to Congress, their Media partners, and Fat Cats who benefit from this economy) the rich are getting richer.
? ? ?
So, you want me to believe that the republicans have this much power? Yet, the Democrats have no power in thwarting this effort?
You act as if Democrats do not own any businesses.
*sigh* It's funny how the mood changes when their candidate is screwing up. Yet, they say I'm not seeing everything. Typical...
so I guess you, and Thought are the political forum version of...
I hope you're not Marty....