Cruz is done.

[Jim in CT]

Originally Posted by Nebe

The difference is she is right.
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Yeah, that's hilarious Nebe.

[Nebe]

Take a look at the economy when Obama took office and look at it now. If people actually think that it has become worse under his watch, they have their head so far up their ass they should look up because they might be able to see out their mouth.
It's not humming along like it was in 2000 but it's close.
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[scottw]

Originally Posted by Nebe

Take a look at the economy when Obama took office and look at it now. If people actually think that it has become worse under his watch, they have their head so far up their ass they should look up because they might be able to see out their mouth.
It's not humming along like it was in 2000 but it's close.
Posted from my iPhone/Mobile device

the only way to go was up, no one is suggesting it is worse but the pain we'll feel after phonying the numbers for 7+ years may be worse.......if you think continuing to paper over slow growth with zero interests rates and Fed printing of cash will not have serious repercussions..... your head is even further beyond the light of day....if you wonder why the middle class is disappearing...these policies crush the middle class .

[JohnR]

Originally Posted by scottw

the only way to go was up, no one is suggesting it is worse but the pain we'll feel after phonying the numbers for 7+ years may be worse.......if you think continuing to paper over slow growth with zero interests rates and Fed printing of cash will not have serious repercussions..... your head is even further beyond the light of day....if you wonder why the middle class is disappearing...these policies crush the middle class .

This.

Most people are not better off today then they were 10 years ago, both parties have contributed to the fuster cluck we are in.

Oh, and 19 Trillion.

[Jim in CT]

Originally Posted by Nebe

Take a look at the economy when Obama took office and look at it now. If people actually think that it has become worse under his watch, they have their head so far up their ass they should look up because they might be able to see out their mouth.
It's not humming along like it was in 2000 but it's close.
Posted from my iPhone/Mobile device

Nebe, unemployment is down (WAY down), and the stock market is way up. Good things.

But median wages are lower than when he took office. It's not every day that median wages go down over a 7 year period. He added more debt than all 43 receding presidents combined, I think? And he did nothing, absolutely nothing, to shore up SS and Medicare. More people are on food stamps. I think more people are living in poverty?

There are important measures that are better now. And there are more important measures that are worse.

[Jim in CT]

Originally Posted by Nebe

It's not humming along like it was in 2000 but it's close.
Posted from my iPhone/Mobile device

Not even close to 2000.

Oh, and GDP growth (one of the most important measures there is), has been pathetic. Slowest recovery from a recession, ever. Obama owns some of that.

[Nebe]

imagine what he could have down without a congress controlled by the GOP who's number one goal was to make him a 1 term president.

[scottw]

Originally Posted by Nebe

imagine what he could have down without a congress controlled by the GOP who's number one goal was to make him a 1 term president.

he'd have spent twice as much

[spence]

Originally Posted by Jim in CT

Not even close to 2000.

Oh, and GDP growth (one of the most important measures there is), has been pathetic. Slowest recovery from a recession, ever. Obama owns some of that.

You're talking about 2000 right? The year before we entered another recession?

As for GDP growth. I plotted US GDP growth for the last 65 years and the data doesn't show Obama has been pathetic. What it shows is that historically our GDP growth has swung wildly, where aside from the Great Recession (the thing Bush started and Obama inherited) it's been fairly stable and slowly trending downward in a linear fashion.

You're an actuary right? I can email you the data if you want.

[buckman]

Originally Posted by spence

You're talking about 2000 right? The year before we entered another recession?

As for GDP growth. I plotted US GDP growth for the last 65 years and the data doesn't show Obama has been pathetic. What it shows is that historically our GDP growth has swung wildly, where aside from the Great Recession (the thing Bush started and Obama inherited) it's been fairly stable and slowly trending downward in a linear fashion.

You're an actuary right? I can email you the data if you want.

Actually Barney Frank is to blame .
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[spence]

Originally Posted by buckman

Actually Barney Frank is to blame .
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Oh Jesus...

[scottw]

Originally Posted by spence

As for GDP growth. I plotted US GDP growth for the last 65 years

I just spit out my beverage

[buckman]

Originally Posted by scottw

I just spit out my beverage

The clothes make him look younger 👍🏻
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[Jim in CT]

Originally Posted by spence

You're talking about 2000 right? The year before we entered another recession?

As for GDP growth. I plotted US GDP growth for the last 65 years and the data doesn't show Obama has been pathetic. What it shows is that historically our GDP growth has swung wildly, where aside from the Great Recession (the thing Bush started and Obama inherited) it's been fairly stable and slowly trending downward in a linear fashion.

You're an actuary right? I can email you the data if you want.

"You're talking about 2000 right? The year before we entered another recession?"

Nebe, not I, used 2000 as the baseline to compare to.

"What it shows is that historically our GDP growth has swung wildly,"

GDP growth is volatile. But the best opportunitiues for big GDP growth, are the years following a recession. That's what Obama inherited, a major recession. Normally, following such a recession, is when you see th elargest GDP growth. It didn't happen. It's been called the slowest recovery froma recession, ever.

Here is GDP growth by year. In Obama's 8 years, his best year saw 2.5% growth. His average was 1.29%. Compare that to the 8 years before him, and the 8 years before that, etc...I'm not sure "pathetic" is that far off.

During Obama's 8 years (2008 - 2015), average GDP growth was 1.29%.
Average from 2000-2007 = 2.7%
Average from 92-99 = 3.8%
Average from 81-88 (after the Carter years) = 3.5%

An 8-year average of 1.29%, seems pathetic to me.

There are some global things that the POTUS cannot control. For example, Obama is dealing with more outsourcing of manufacturing jobs than Reagan ever had to dela with. An allowance needs to be made for that.

But in the job Obama sought and received, he owns this.

"the Great Recession (the thing Bush started "

Please tell us what Bush did to "start" this? Bush didn't tell people to take out mortgages they couldn't afford. Bush didn't tell banks to get involved in fishy derivitives and credit default swaps. The repeal of Glass Seagell allowed banks to do these things. That law was written by a GOP congress, and signed by Bill Clinton.

"You're an actuary right?"

Yep. I presume you are not one.

"it's been fairly stable "

Oh sweet Jesus. Obama can't get annual GDP growth above 2.5%, but you give him credit for the fact that it's "stable". That it's pathetically low doesn't bother you, all you care is that it's stable.

So according to your "logic" here...if Obama has GDP growth of exactly 1.3% a year (no swings), that's somehow superior to Clinton, who had an 8 year average of 3.8% (almost 3x Obama's average), because Clinton's years had more volatility?

http://useconomy.about.com/od/GDP-by...DP-History.htm

[scottw]

Originally Posted by spence

the Great Recession (the thing Bush started and Obama inherited)

just caught my eye.....and I was trying to recall what exactly Bush did to "start the Great Recession" thing ?

quite an epic mess the next President will be inheriting from Obama...

[Jim in CT]

Originally Posted by scottw

just caught my eye.....and I was trying to recall what exactly Bush did to "start the Great Recession" thing ?

quite an epic mess the next President will be inheriting from Obama...

Oh for Christ's sake, did he really say that "Bush" started it?

Spence, in your own words, please expand. Bush forced people to take out reckless mortgages??

The repeal of Glass Seagell (spelling), I think, is what allowed banks to get in the business of swapping these fishy mortgages, derivitives, and credit default swaps and collaterized debt obligations (only Stephen Hawking understands these things). A Republican Congress repealed the restrictions that allowed banks to get into these risky businesses, and Bill Clinton took his wang out of the intern pool just long enough to sign that into law. If that is somehow Bush's fault, I would just love an explanation as to how.

Bush single-handedly caused the 2008 crisis. What did Bush do Spence, to cause this?

And you work in business in some capacity?

[spence]

http://www.cnbc.com/2016/03/31/dow-p...ince-1933.html
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[scottw]

Originally Posted by spence

http://www.cnbc.com/2016/03/31/dow-p...ince-1933.html
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"The Fed, with its seven years of zero rates and $3.7 trillion worth of money printing, has faced criticism for being too market sensitive. Citigroup's Lee called Yellen's speech "a remarkable transfer to markets of the FOMC's authority to set future policy rates."

For investors, the question ahead will be how long the Fed can continue to keep the market afloat. "

[Nebe]

Why do you quote Spence's post and address me?

If you can't even get the facts of this thread right, how can you juggle economic facts
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[Jim in CT]

Originally Posted by Nebe

Why do you quote Spence's post and address me?

Posted from my iPhone/Mobile device

Because Spence thought it was inappropriate for me to compare the current economy to what it looked like in 2000. But you were the one who did that, not me. I was merely explaining to Spence, that I was responding to what you wrote in post #85..."It's not humming along like it was in 2000 but it's close" - your words...

You have an emoticon, or whatever they are called, for eating crow?

[detbuch]

OH OH . . . maybe Cruz is not done

[spence]

Here you go Jim, good thing the GOP doesn't have the immoral depravity of the Democrats...

http://www.realclearpolitics.com/vid...snt_count.html

[Jim in CT]

Originally Posted by spence

Here you go Jim, good thing the GOP doesn't have the immoral depravity of the Democrats...

http://www.realclearpolitics.com/vid...snt_count.html

If you thought yuo were going to show me as a hypocrite, guess again. If I were a registered Republican in Colorado, I would be livid. I want Trump to fail to get the nomination, but not at any cost.

This is the opposite of democracy, it's disgusting. And it's exactly what youride is doing in every state, with superdelegates.

[Raven]

saw today that cruz's name was found in some madam's book

of course it was a trashy tabloid but it Wouldn't

surprise me in the least

[Nebe]

Makes me want to take my guns and occupy a bird sanctuary.
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[Raven]

don't forget coffee

[Nebe]

Snacks. Can't forget snacks.
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[Sea Dangles]

Sachuest takeover by Nebe🏋🏼🍺
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[Nebe]

Originally Posted by Sea Dangles

Sachuest takeover by Nebe🏋🏼🍺
Posted from my iPhone/Mobile device

I used to drive to the tip down a beat up dirt road and have that whole place to myself as a kid. When I was even younger I used to play in the bunkers out there.
There's a good reason to protest there.. (If you hate change)
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[Nebe]

Clinton started th Great Recession with Nafta. Bernie frank pushed the mortgage crisis. Bush pushed us into perpetual war.
Screw the establishment.
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