Dana Summers by Dana Summers

Dana Summers

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  1. wolfhoundblues1

    wolfhoundblues1 said, 5 months ago

    A high DOW is the result of inflation by pumping 7 Trillion in debt onto the country.

  2. sw10mm

    sw10mm said, 5 months ago

    But, but, aren’t we progressing in the right direction?

  3. dtroutma

    dtroutma GoComics PRO Member said, 5 months 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.

  4. cphite

    cphite said, 5 months 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.

  5. Gypsy8

    Gypsy8 said, 5 months ago

    @cphite

    “…… W may have been bad for the economy, but Obama is worse. A lot worse…..”
    .
    Why then did the economy collapse under Bush and recover under Obama?

  6. echoraven

    echoraven said, 5 months ago

    @dtroutma

    unless you look at the Department of Labor’s “Labor Force Statistics from the Current Population Survey” which shows a participation of 65.8% of the population working in December of 2008 and 62.8% as of April this year. Which means a smaller percentage of the population working, so this gloating of lower unemployment is probably people exhausting their benefits.
    .
    So those “eight years of errors.” had more people working than these six years of incompetence.

  7. Gypsy8

    Gypsy8 said, 5 months ago

    @echoraven

    Can also mean more people choosing not to work. Because of the baby boom bubble, a large demographic segment will be starting to retire.

  8. trm

    trm said, 5 months ago

    It’s RAAAAAAAAAAAAACISM!

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