Obama's economy gets even worse, biggest slowdown in 6 years

Discussion in 'Politics, Religion, Social Issues' started by 1458279, Sep 6, 2016.

  1. 1458279 Suspended

    1458279

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    #1
    http://www.marketwatch.com/story/us...her-as-traders-return-from-holiday-2016-09-06

    http://www.cnbc.com/2016/09/06/ism-non-manufacturing-report-for-august-2016.html

    Doesn't look good for Hillary, she's just more of the same. Just another land mine she'll have to avoid.

    Notice how quick she is at shutting things down when she doesn't like the question:

     
  2. Eraserhead macrumors G4

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    55.5 is good though. Sounds like it could be a blip either way.
     
  3. 1458279 thread starter Suspended

    1458279

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    That could be the case, but remember the Fed has been looking for a reason, any reason to raise rates. She hasn't found it. Global economies are slowing, more banks are going with NIRP and the revisions for this year show a clear slow down.

    This is an important number as it has the most labor in it, so it's not just any other number. Just to make this year look average for Obama, which is the slowest growth of any president ever, we'd have to have a GREAT 4th qtr. Doesn't look good, no matter how you slice it.
     
  4. VulchR macrumors 68020

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    If this does represent a downturn, it could very well be just a normal part of the business cycle.
     
  5. maxsix Suspended

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  6. LizKat, Sep 8, 2016
    Last edited: Sep 8, 2016

    LizKat macrumors 601

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    #6
  7. jkcerda macrumors 6502a

    jkcerda

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    It's not a blip. But it's not the end of the world either
     
  8. blackfox macrumors 65816

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    Economic cycles and Political cycles don't have that much to do with other - especially in a Global Economy. Also Congress passes laws - so it's just all Obama's fault? (not saying it's not - just that it can't all be laid at his feet).
     
  9. thermodynamic Suspended

    thermodynamic

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    Or the 36th of supply side trickle down global Reaganomics since Obama did not, contrary to popular belief, stamp down to smash capitalism to put in gloom'n'doom socialism -

    http://www.blackagendareport.com/co...it-bill-clintons-3rd-or-it-ronald-reagans-9th

    Thought you might get a chuckle out of reading that.
     
  10. Robisan macrumors 6502

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  11. Zenithal macrumors 603

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    If there's another market crash, I could make another tidy sum of money off the misfortune of others. I have zero shame in admitting that.
     
  12. blackfox macrumors 65816

    blackfox

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    No disrespect to the quoted poster, but could this attitude have as much to do with Economic trends as Obama? Just saying...
     
  13. Zenithal macrumors 603

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    No offense taken. My post wasn't a dig at Obama or the claims of the OP. Economic trends repeat all the time. We're due for another crash, not as big as the last one. The US is very much a boom bust economy. It's just far simpler to blame the guy in the white house than external factors, especially when the person in the White House isn't in your political party. I suspect there are people in certain areas of the country who will blame Obama because their daughter got pregnant. Never mind the fact that she was likely the town bicycle.

    https://en.wikipedia.org/wiki/List_of_recessions_in_the_United_States

    Each time the story was the same. People lost their assets, they lost their jobs, some chose to end their life because they felt there was no turning back (awful to even know people chose this), etc. But for people who know when it's going to peak, they can make decent money off of it. In the early 90s, my best investment turned out to be buying cemetery grave lots en masse. They were less than a $100 in most cases. The same lots now average anywhere from $900-1700 depending on where you want to buy in the cemetery. The cemetery also has a cheap transfer of deed rate.
     
  14. smallcoffee macrumors 65816

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    Right? The economy is fine right now.
     
  15. Desertrat macrumors newbie

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    If the economy is fine, why so many more people doing the EBT waltz than they were eight years ago? How is it fine when we're still laying off high-pay employees and new-hires are low-pay? Why did Hanjin file for bankruptcy? Why is Caterpillar laying off 14,000 employees? Why would the CEO of Dollar General believe that the consumers are mostly tapped out? How can it be that half of all families and/or working adults don't have $1,000 as an emergency cash-stash?

    On economics, the dot-gov absolutely must utter lies and BS to try to keep the peasants from revolting.
     
  16. samiwas macrumors 68000

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    Do you have sources for more people on EBT? Yes, more than 8 years ago, but it's been going down for the past several years. There are some 4 million fewer people on food stamps than there were three years ago. Most of those people ended up on food stamps as a result of the crash of the economy, not because of Obama's policies. Also, the amount paid to recipients has gone down to a whopping $126 a month.

    http://www.trivisonno.com/food-stamps-charts (links to the official sources in there too, but this is easier to read).

    But I could also ask why construction appears to be happening on every corner. New houses purchased before they are even built, at several hundreds of thousands of dollars. Office buildings leasing before completion and adding more jobs. Stuff going up everywhere. That doesn't point to a poor economy.
     
  17. Desertrat macrumors newbie

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