Barack Obama
Related: About this forumYou've Got to Admit Though, the Economy Has Really Gone South Under Obama...
As many of our conservative friends keep reminding us.
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Yes, clearly, everything started going south right around the time Obama took office.
cantbeserious
(13,039 posts)eom
LAGC
(5,330 posts)The economy is still growing. We just need to spread the wealth around a bit better.
cantbeserious
(13,039 posts)eom
LAGC
(5,330 posts)I'm doing a lot better, that's for sure.
Still, there's a lot more we could do.
cantbeserious
(13,039 posts)All signs are that we are heading back into a mild recession.
http://www.zerohedge.com/news/2013-04-18/goldman-confirms-slowdown-accelerating
NYC Liberal
(20,347 posts)focusing all their time on passing dozens of futile Obamacare repeal bills and trying to redefine rape, instead of focusing on helping the poor and middle class, and fixing the economy?
Amonester
(11,541 posts)and that is, if what they do can be called 'work' to begin with...
TexasTowelie
(116,790 posts)You could make a similar chart with each peak and valley of the graph in the OP. If next month goes up because we have good weather or the sequester is resolved, then the next data point could easily be in the expansion quadrant of the graph.
Past performance does not predict future behavior.
cantbeserious
(13,039 posts)eom
TexasTowelie
(116,790 posts)I do have a degree in math and I also know how to interpret graphs.
First the graph is comparing global leading indicators instead of US indicators.
Second, notice how there is an upward bounce between the February 13 and March 13 data points. Then in April 13 the data point is at about 0.19% growth. If the May 13 figure is also at 0.19%, then the data point would be on straight line upwards from April 13 and on the x-axis. If the following months if the figures remain at 0.19% growth then the data points would cluster at 0.19 on the x-axis. The red curved line merely smooths out the curve, but is not predictive that GLI will become negative (crossing the y-axis). From a mathematical perspective, the y-axis merely represents the derivative of the change in growth (x-axis).
The graph does measure the change that occurred in the time period stated, but I wouldn't short any stock picks just because the plot is made to resemble a circle. If you extend the chart out over a larger period of time, it would most likely resemble a warped bed-spring coil that has been hammered in certain spots.
Yes, growth has slowed down in 2013. However, the jury is definitely still out as to whether we are going to see the GLI actually contract (meaning a recession).
cantbeserious
(13,039 posts)eom
TexasTowelie
(116,790 posts)represent any conclusions that the presenter want others to believe. The graph is designed to persuade people with less sophistication than either of us that an economic crisis is imminent, but where the next data point resides is merely a guess and slow growth is better than either no growth or contraction (at least for most of us).
Congrats on the engineering degree. I thought about going that route at one point, but I couldn't see myself doing it as a career.
cantbeserious
(13,039 posts)eom
Newest Reality
(12,712 posts)There are two Americas.
The one on the chart has generally recovered and is becoming more wealthy than ever, each and every day.
The America that is not on the chart is going downhill in a critical way, but America #1 is not concerned. Well, they are in the sense that they are sequestering themselves in more gated communities and resorting to more security.
IrishAyes
(6,151 posts)Newest Reality
(12,712 posts)since true security is often a convincing illusion.
Alan Watts wrote a wonderful book called, The Wisdom of Insecurity, illustrating that point.
The best security America #1 could give themselves is a thriving, healthy, empowered population surrounding them. Too bad they can't see that or greed makes it more enjoyable to flaunt affluence than be pragmatic.
harmonicon
(12,008 posts)jtuck004
(15,882 posts)on food stamps.
'Course, some boats are yachts, and some are just people clinging to driftwood...
IrishAyes
(6,151 posts)don't lift boats already under water; they only sink deeper.
And btw, I don't agree with your OP either.
Don't ask me to list the reasons; they are legion and I'm sure you already know.
BlueCaliDem
(15,438 posts)Cha
(305,425 posts)It would be better if Pres Obama's Jobs Bill had passed but had no chance with an obstructionist congress.
This is the Barack Obama Group.. there's plenty of other places for you to voice your "Opinion" about how bad things are.
BlueCaliDem
(15,438 posts)from the BOG to YouTube. The sad thing is, all the kvetching . . . is part of their ilk's fault. Had they supported this president and come out to vote in 2010, the Repubs wouldn't have won all those state legislatures and then turned around to gerrymander the districts with an eye focused on 2012. But, of course, these same faceless people will jump up and down and swear to Odin that they not only voted for him, but they contributed footwork and thousands of dollars in cash {some even tell me, up to $4,000} to his campaign. Right. Like anyone's going to believe that b.s.
IrishAyes
(6,151 posts)Even though it's meant to intimidate others into thinking they're in the presence of their betters and had better listen worshipfully.
A pox on their houses. I'd wager half or more are Koch employees, posers at best.
Same as when somebody on DU tries to shut me up by pointing out they've (allegedly) been here longer than anyone else. That argument doesn't hold a drop of water. As when someone tells me, "We've always done (so and so) this way!" I just tell them, "Well, then... you've always been wrong, so why am I supposed to be impressed with that?"
Ilsa
(62,239 posts)of retirement who are scared to gamble their life savings. There are folks with IRAs that can't handle the up and down risks of the market any more.
liberal N proud
(60,945 posts)fasttense
(17,301 posts)The top 1 to 10 percent of Americans. And those with large enough holdings to sway votes on a board are all in the hands of the top 1%. So it's ONLY the rich, and a handful of lucky people - never underestimate the lucky few, who are doing better in this economy. Just look at the huge decline in workforce participation rate. The unemployment numbers sound small because millions and millions of people have dropped out of the workforce and are no longer counted -anywhere- as unemployed.
And the few jobs the uber rich condescend to allow in America are without benefits, without sick leave, without medical care, without vacation days.
No a rising tide only lifts those people in the boat. Those people who don't have boats drown.
mindem
(1,580 posts)the rest of us are looking at chained CPI. I don't think Obama has been all that great for the middle class or the poor.
Cha
(305,425 posts)IrishAyes
(6,151 posts)Cha
(305,425 posts)one. So Yeah!
IrishAyes
IrishAyes
(6,151 posts)But a lot more peace and contentment. All my life I walked away from people who tortured me one way and another. Now I don't have to suffer the consequences. My time is my own, and I'm a world class expert in thrifty living, so much so to the point that I don't basically yearn for more than I've got. I'm not afraid to spend for quality so I don't consider myself cheap. Just careful.
Time to study and read and learn what you want, when you want. Freedom to avoid toxic people like the plague. It doesn't get a whole lot better than that.
Cha
(305,425 posts)to enjoy and make the most of the fruits of our labor.
We're so fortunate and I appreciate everything I do have.
MotherPetrie
(3,145 posts)BlueCaliDem
(15,438 posts)You know that they're the ones who should be held responsible for the slow economic growth for average American workers right? Right?
ErikJ
(6,335 posts)95% of people forget how bad it really was or never knew it. The world economy almost bit the big one.
Thanks to the bank bailout and even more Obama's job stimulus the economy has recovered. But the core things havent been fixed. Banks still gambling with our money. Repeat coming?
Baitball Blogger
(48,045 posts)We will never know the extent of the suffering out there, until election time comes around.
Cha
(305,425 posts)when bush crashed and burned it. And, it would be getting a lot better if we didn't have enemies of our country as the majority in Congress.
This is the Barack Obama Group.. many other forums to talk about the cpi.
NYC_SKP
(68,644 posts)Jobless numbers.
I had to research that last year after hearing the same talking points on the Savage Nation.
RW likes to cite U6 rate while U3 is termed the official rate.
Link: http://portalseven.com/employment/unemployment_rate_u6.jsp
Cha
(305,425 posts)and the research, NYC SKP.
grantcart
(53,061 posts)As many have pointed out unemployment, though down, still remains high.
A better metric, IMHO is a comparison with the Euro because you are comparing similar economic systems competing against each other at the same time.
This graph (set to 2009 to the present) shows that the USD has gained against the Euro by about 20%.
Again not a complete picture but part of it.
If you want more stimulus and more legislation helping those at the bottom then you have to elect a different House.
Cha
(305,425 posts)grant.
grantcart
(53,061 posts)Jamaal510
(10,893 posts)treestar
(82,383 posts)Really though, it could not be better for everyone else when that graph goes down, so it is still good news for everyone else.
BlueCaliDem
(15,438 posts)as their Teapublican cousins. Just a look at DU and friendly Obama threads - barely a rec and the only comments are usually from Ultra-Leftwingers with froth around their lips. But-but-but they voted for Obama! They gave over $20 million to Obama's campaign! They dragged their friends and family to the polls for Obama! They walked door to door until their feet bled in their shoes for Obama!
Yeah, right.