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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (146111)	10/16/2014 10:16:56 AM
From: RetiredNow	1 Recommendation Recommended By slowmo Read Replies (1) \| Respond to of 149317

Those statistics are bullshit because the Labor Force Participation Rate went up a full 2% during the Reagan Administration, whereas, under Obama it has gone DOWN by a full 3%. What that means in terms of Employed people is that Reagan not only decreased the unemployment rate, but he also pulled people who were no longer in the workforce back into the workforce. Obama's declining Unemployment Rate is almost entirely due to people LEAVING THE WORKFORCE. Obama's jobs improvement is almost completely a mirage. data.bls.gov

To: tejek who wrote (146111)	10/16/2014 10:21:28 AM
From: RetiredNow	Read Replies (6) \| Respond to of 149317

The problem with the economies of the developed world, including the US economy, is that we all have too much debt. This is what Keynesians like Obama and the Fed don't get. You can't create a sustainable recovery by printing money and buying up debt to drive down interest rates, while holding the Fed Rate down at 0%. What that does is create incentives for the economy take on even more debt. Leverage is what is ailing this economy, so more of it makes it worse. What we need is for the Fed and Obama to butt out and let a business cycle downturn liquidate our debt through bankruptcies, defaults, and pay downs. If the free market was allowed to correct the excesses, then we'd have already been in a substantial, sustainable, real recovery. But all the meddling just screwed it all up worse. The article below has predictions on what comes next. In a word, we are Japan. We don't have to be, but the Keynesians have decided they like Japan's three decade era of terrible growth rates and misery. When will the adults do what is necessary to bring back free markets? I wish I knew. ------------- streettalklive.com Past Predictions Come To Fruition, What Next? So, here is my next macro predictions that will likely go just as unnoticed as all those in the past. The economy is going to begin to slow as the global deflationary pressures wash back onto the shores of the U.S. in the next two-quarters. The surging dollar will deflate corporate profitability as exports slip. Furthermore, the sharp decline in oil prices will begin to drag heavily on the energy sector as a race to “shut-in” high-cost production (shale wells) accelerates. Corporations will blame the shortfalls in earnings on the global weakness even though domestic weakness continues to be a problem. The Federal Reserve will voice more and more concern as the realization that 5.9% unemployment is not anywhere near full-employment when nearly 45% of working-age Americans are excluded from the workforce. Rising deflationary pressures, slower economic growth, stalling housing and falling stock prices will lead Fed officials to voice more concern about keeping interest rates low for an “extended period” well beyond 2015. This will lead to further discussions about the possibility of restarting bond purchases as well. However, with a deficit of less than $500 billion it may be more "Verbal Easing (VE)" than actual "QE." Unfortunately, what will still go unnoticed by the majority of all, is that artificially low interest rates and bond purchase programs only mask the underlying economic weakness temporarily. At some point, someone is going to have to realize that it is a “debt problem.” But then again, who am I kidding? Japan has been struggling with this issue for 30 years and still has not figured it out.