Henry Payne for February 04, 2013

Yup, housing values and sales back up, Dow over 14,000 again, jobs slow, but improving. Considering the “W” years turned the economy into a submersible, it takes time even blowing the ballast tanks to resurface.

Trout,Here are some boring economic links to data to bring you back to reality.

http://www.bls.gov/eag/eag.us.htm

http://web.worldbank.org/WBSITE/EXTERNAL/EXTDEC/EXTDECPROSPECTS/EXTGBLPROSPECTS/0,,menuPK:615470~pagePK:64218926~piPK:64218953~theSitePK:612501,00.html

The anchor’s name is Mitch McConnell and the chain are the right-wing extremists who control the hysterically gerrymandered House.

So Henry, you are saying that Americans don’t deserve afordable healthcare? You are rich enough to buy it yourself, but don’t think others should have if they are poor?

Kevin Robinson said, “…the Economy is still not close to being back up where it was in the W years.”*To quote Mark Twain, “Things aren’t as good as they used to be. And they never were.”*Kevin, your statement is only true of you cherry-pick the W Bush years, and if you hold Obama responsible for the continued downward momentum furing his first 4 months in office. Job growth started slowing in Jan ‘07 and it went negative in Jan ’08. By Sep ’08, we were in the biggest economic downturn since the Great Depression. Here’s the data. I encourage you to look at it: http://data.bls.gov/timeseries/CES0000000001?output_view=net_1mth

There was a reason GHW called it “voodoo economics”, and the troll brigade is obviously ignoring their own guy’s accurate statement. But hey, better to believe Rush than economists who win Nobel prizes, even “righty” and “lefty” experts confess that things are slowly improving, but political pundits in the mass media always win the day, with some.

I read a very good article by Bill Freeza in the Huffington Post. He is a libertarian writer and made a very strong case that the only way we are going to “rescue” any economic stability is to seriously reduce military spending and radically scale back our “occupation” of Europe and Asia. One premise was that if these countries are so dependent on us for a ‘security force’ that they should pony up the money to pay us for our services. Wouldn’t that be novel, we could be the “rent a cop” to serve as the police force for the world instead of wasting our own money to support those who supposedly need our military based in their country. Our Constitution clearly calls for maintaining a military as a defensive force, not to be the defender of the rest of the world. Think of all the money that could be used to invest in the infrastructure of our own country! Just a thought for an idle Monday.

Re-label that anchor with “Weak Demand”, but Payne would have to be living in reality to do that.The stimulus package Obama managed to push through was enough to avoid full blown depression, but not enough to restore demand. Unless the rich decide to stop absorbing all gains in GDP, demand will be stagnant. Meanwhile the GDP is doing everything they can to erode the earning power of people who work for a living.

Ima, the data doesn’t support your opinion. Those years weren’t so good for the middle and poorer classes,, and just so-so for those in the top 20% – 40% bracket.

http://en.wikipedia.org/wiki/File:United_States_Income_Distribution_1947-2007.svg

That’s true Morty, if nothing else because he has no tangible plan to stimulate the economy and all his efforts so far have been ineffective. It would also imply leadership, another one of his failings. i wish he had half the ambition and leadership quality of your lady Angela. At least she works at trying to bring people together and provide remedies for problems.