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01-27-2017, 10:19 AM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Obama Economy - The Final Chapter
The U.S. economy’s expansion slowed in the fourth quarter, and annual growth failed to reach 3% for an 11th straight year, reflecting the huge hurdles the Trump administration faces in trying to speed up a 7½-year-old expansion.
Gross domestic product, the official score card for the economy, expanded at a 1.9% annual clip from October to December, the Commerce Department said. That’s a marked drop from a 3.5% growth rate in the third quarter and below the 2.2% MarketWatch-compiled consensus.
For the full year, the U.S. grew just 1.6%, compared with its 2.6% clip in 2015. It was the weakest performance since 2011. The last time the U.S. topped 3% growth — the historical average is 3.3% — was in 2005.
http://www.marketwatch.com/story/us-...ows-2017-01-27
The labor force participation rate, at 62.7 percent, changed little in December and was unchanged over the year. In December, the employment-population ratio was 59.7 percent for the third consecutive month; this measure showed little change, on net, in 2016. (See table A-1.)
The number of persons employed part time for economic reasons (also referred to as involuntary parttime workers), at 5.6 million, was essentially unchanged in December but was down by 459,000 over the year. These individuals, who would have preferred full-time employment, were working part time because their hours had been cut back or because they were unable to find a full-time job. (See table A-8.)
https://www.bls.gov/news.release/pdf/empsit.pdf
U6 Unemployment Number: 9.2%
Last edited by whell; 01-27-2017 at 10:34 AM.
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01-27-2017, 10:37 AM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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Obama did exactly what his big donors wanted him to do.
He maintained the status quo so that the rich could get richer while the poor got poorer.
The Republicans should have loved him.
He was their kind of nigger.
https://www.youtube.com/watch?v=yuedZ1Y_dU4
__________________
"The enemy of my enemy is my friend."
Last edited by Tom Joad; 01-27-2017 at 10:46 AM.
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01-27-2017, 04:28 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Quote:
Originally Posted by Tom Joad
Obama did exactly what his big donors wanted him to do.
He maintained the status quo so that the rich could get richer while the poor got poorer.
The Republicans should have loved him.
He was their kind of nigger.
https://www.youtube.com/watch?v=yuedZ1Y_dU4
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You can take the white boy outta Floriduh but you can't take the Floriduh outta this one.
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I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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01-27-2017, 04:40 PM
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Senior Member
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Join Date: May 2009
Location: SF east bay
Posts: 4,455
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Quote:
Originally Posted by bobabode
You can take the white boy outta Floriduh but you can't take the Floriduh outta this one.
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Thankfully Floriduh is completely on the other side of the country.
Should expect this nonsense from the obstructionists who refused to vote in the whole recovery package and still failed trying to hold the country hostage to what we are experiencing today from the GOP. Every time we put a Republican in the White House we have to elect a Democrat to come in and fix the mess.
Saved the economy, no W.H. scandals, no new blood for oil wars, got Bin Laden.....
Carl
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Russians who vote elect Republicans
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01-27-2017, 05:03 PM
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Admin
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Join Date: Dec 2011
Location: Behind the Orange Curtain in California
Posts: 37,237
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Quote:
Originally Posted by CarlV
Thankfully Floriduh is completely on the other side of the country.
Should expect this nonsense from the obstructionists who refused to vote in the whole recovery package and still failed trying to hold the country hostage to what we are experiencing today from the GOP. Every time we put a Republican in the White House we have to elect a Democrat to come in and fix the mess.
Saved the economy, no W.H. scandals, no new blood for oil wars, got Bin Laden.....
Carl
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Despite Whell's misleading statement, the unemployment rate dropped to 4.7% under President Obama.
Good thing is Floriduh will be only be a fading memory once the Atlantic and the Gulf meet in the center. The little bits left to the north can call themselves South Georgia.
__________________
I don't know half of you half as well as I should like, and I like less than half of you half as well as you deserve.
- Mr. Underhill
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01-28-2017, 12:54 PM
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Senior Member
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Join Date: Aug 2010
Location: Metro Detroit
Posts: 13,016
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Quote:
Originally Posted by bobabode
Despite Whell's misleading statement, the unemployment rate dropped to 4.7% under President Obama.
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No misleading at all, Bob. Unemployment is expressed as a percentage, which is also a fraction. You can lower the percentage by lowering the numerator or increasing the denominator.
While the number folks accepting employment increased, the number of folks dropping out of the labor force also decreased. Some dropped out because they retired. (Some folks who retired also returned to the workforce as well, working to supplement retirement income.) Some dropped out because they stopped or gave up looking for work.
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01-27-2017, 10:44 AM
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Jigsawed
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Join Date: May 2009
Posts: 10,580
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Do not expect great economic shine for the US in this globalist world in which we have given up, handed over so much.
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01-27-2017, 11:47 AM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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Obama's Big Sellout: He has Packed His Economic Team with Wall Street Insiders
While all you Hillarybots are screaming like a tree full of Chinese monkeys'about Trump's appoints, let's take a little trip down memory lane.
http://www.commondreams.org/news/200...treet-insiders
Quote:
Barack Obama ran for president as a man of the people, standing up to Wall Street as the global economy melted down in that fateful fall of 2008. He pushed a tax plan to soak the rich, ripped NAFTA for hurting the middle class and tore into John McCain for supporting a bankruptcy bill that sided with wealthy bankers "at the expense of hardworking Americans." Obama may not have run to the left of Samuel Gompers or Cesar Chavez, but it's not like you saw him on the campaign trail flanked by bankers from Citigroup and Goldman Sachs. What inspired supporters who pushed him to his historic win was the sense that a genuine outsider was finally breaking into an exclusive club, that walls were being torn down, that things were, for lack of a better or more specific term, changing.
Then he got elected.
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continue
__________________
"The enemy of my enemy is my friend."
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01-27-2017, 04:09 PM
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Senior Member
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Join Date: Mar 2012
Posts: 846
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TJ is the N word really necessary? Trump inherited a much better economy that Obama did FWIW.
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01-27-2017, 05:59 PM
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Persona non grata
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Join Date: Oct 2013
Posts: 12,654
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I figured that one would bring the PC police out.
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"The enemy of my enemy is my friend."
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