Record DOW profits, unemployment down to 6.3% (figured EXACTLY as "w’"s folks calculated it) and while’ we’re still a long way from full employment, which is a mythological end product, we’re doing better than in 2008 and the aftermath of eight years of errors.
The record DOW profits are the result of the Fed pumping money into the economy – it isn’t a sign of real growth. We have record unemployment – the only reason the rate is 6.3% is because they don’t count people who give up and stop looking.
Even the 0.1% “growth” figure is misleading, because a lot of that is actually made up by additional health care spending, not any sort of actual production. The economy actually contracted.
We absolutely are not progressing in the right direction. W may have been bad for the economy, but Obama is worse. A lot worse.
wolfhoundblues1 almost 10 years ago
A high DOW is the result of inflation by pumping 7 Trillion in debt onto the country.
sw10mm almost 10 years ago
But, but, aren’t we progressing in the right direction?
Dtroutma almost 10 years ago
Record DOW profits, unemployment down to 6.3% (figured EXACTLY as "w’"s folks calculated it) and while’ we’re still a long way from full employment, which is a mythological end product, we’re doing better than in 2008 and the aftermath of eight years of errors.
cphite almost 10 years ago
The record DOW profits are the result of the Fed pumping money into the economy – it isn’t a sign of real growth. We have record unemployment – the only reason the rate is 6.3% is because they don’t count people who give up and stop looking.
Even the 0.1% “growth” figure is misleading, because a lot of that is actually made up by additional health care spending, not any sort of actual production. The economy actually contracted.
We absolutely are not progressing in the right direction. W may have been bad for the economy, but Obama is worse. A lot worse.
trm almost 10 years ago
It’s RAAAAAAAAAAAAACISM!