Dude, Where is our Recovery?

[David]

Job recovery is scant for Americans in prime working years

SOURCE

[David]

Donald J. Trump ‏

Q1 GDP has just been revised down to 1.9% The economy is in deep trouble.

[schaabdl]

The news gets worse for BHO - 8.2 and only 69K new jobs
SOURCE

[David]

Originally Posted by schaabdl

The news gets worse for BHO - 8.2 and only 69K new jobs
SOURCE

How will media spin this? Stock market getting whacked.

[David]

DETROIT (Reuters) - Automakers posted strong U.S. May sales gains from a year ago, but the sales rate still fell short of expectations as the broader economy softened and gave pause to consumers mulling big-ticket purchases.

[redhead]

Originally Posted by David

How will media spin this? Stock market getting whacked.

The talking heads I heard on yesterday's shows emphasized how bad things were when Team Obama took office, and things have improved and the economy is still growing. It was fascinating listening. So apparently it's still Bush's fault, and if Obama doesn't get a second term, we'll return to the failed policies of Team Bush.

[redhead]

And we need MOAR GOV. SPENDING!!

[FoundingFather]

Originally Posted by redhead

The talking heads I heard on yesterday's shows emphasized how bad things were when Team Obama took office, and things have improved and the economy is still growing. It was fascinating listening. So apparently it's still Bush's fault, and if Obama doesn't get a second term, we'll return to the failed policies of Team Bush.

We must have been watching the same thing. If they can win on that excuse this country is pretty much gone.

[schaabdl]

Economy was really bad under GWB - let see, 2007, record income to treasury and market over 14,000 and average unemployment of 4.9%. The downturn happened after 2006 - and we all know what happened that election year. Was listening to someone (not recalling who) but the correlation of who controls the House to increasing deficit numbers really follow the party. Might note, that even though there is still high deficit spending, it hasn't grown since 2010. Coincidence? Not really.

[FoundingFather]

Originally Posted by schaabdl

Economy was really bad under GWB - let see, 2007, record income to treasury and market over 14,000 and average unemployment of 4.9%. The downturn happened after 2006 - and we all know what happened that election year. Was listening to someone (not recalling who) but the correlation of who controls the House to increasing deficit numbers really follow the party. Might note, that even though there is still high deficit spending, it hasn't grown since 2010. Coincidence? Not really.

Good points. I'll have to check that out when time permits.

[David]

NY Times

Family Net Worth Drops to Level of Early ’90s, Fed Says
By BINYAMIN APPELBAUM 27 minutes ago

The recent downturn left the median American family in 2010 with no more wealth than in the early 1990s, erasing almost two decades of accumulated prosperity, the Federal Reserve said.

[David]

This is the economy Americans understand. Day in and day out they have lost ground.

[David]

AEI ‏

Q2 US growth range estimates will have to be cut from a currently optimistic 2.5% rate to 1% or lower

[redhead]

Apparently, it's still Bush's fault, and Obama isissed.

[David]

Economic indicators predict continued slow growth

SOURCE

[David]

Horrible economic news today. Unemployment numbers disappoint. Market down 250 points. Slow growth predictions.

[FastEddy]

Markets heading up this next week in anticipation of a positive outcome from the Supreme Court, killing BummerCare, affirming Arizona's 10th Amendment rights to expel illegals. The demofascists are all positioning their own portfolios to ride this rising tide.

Next market slump will be in mid-July as the current administration will again target Big Oil and those few Big Banks that have not been contributing to the democrat party.

As Benny and Timmy throw up their hands in mock despair while covertly manipulating commodities markets, uncontrolled inflation and the world price of gold and oil will again rise higher throughout the late summer.

The real unemployment numbers will not be exposed until late November so that democrats can blame republicans, the electorate and Romney for it.

[David]

FERRARA: U.S. still stuck in recession
Counting missing workers would place unemployment rate at 11 percent

SOURCE

[FastEddy]

Originally Posted by FastEddy

Markets heading up this next week in anticipation of a positive outcome from the Supreme Court, killing BummerCare, affirming Arizona's 10th Amendment rights to expel illegals. The demofascists are all positioning their own portfolios to ride this rising tide.

Next market slump will be in mid-July as the current administration will again target Big Oil and those few Big Banks that have not been contributing to the democrat party.

As Benny and Timmy throw up their hands in mock despair while covertly manipulating commodities markets, uncontrolled inflation and the world price of gold and oil will again rise higher throughout the late summer.

The real unemployment numbers will not be exposed until late November so that democrats can blame republicans, the electorate and Romney for it.

Just sayin'. ... although BummerCare is not dead yet, the associated g'ment caused inflation has Gold & Oil & most equities up this week ending and next. (Sunday DOW futures projected up 300 points on Monday.)

"Biggest June since 1997 ..." Market snooze from Drudge/Yahoo Finance, et al, yesterday.

There are rumblings in MSM about banks going international to dodge US taxes, but generally the markets are "rallying".

It now becomes obvious that the Obama White House and Hilary's State Department are totally complicit with Benny & Timmy / Gold commodity manipulations and theft of US Treasury Gold vis a vis the give-away to the IMF. ... Clueless Lambs to the slaughter: "Lagarde assures Muslim Bros. IMF ready to help Egypt..." - Drudge Link Today = "The most powerful force in the Universe is compound interest." - Albert Einstein.

(Interested parties: The big market rally will be in the Oriental Markets, specifically the Nikkei and Oriental automakers. Will the Nikkei go way up in the next sixty days? )

[David]

James Pethokoukis ‏@JimPethokoukis

Today's terrible manufacturing reports show an economy growing around 1.4% - Strategas Research