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The Water Cooler
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America has an economy converging rapidly on full employment?
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<blockquote data-quote="SlugSlinger" data-source="post: 2682984" data-attributes="member: 7248"><p>Op- are you educated in economics? The reason I ask is you are quoting a leftist blog like its the gospel of economics. </p><p></p><p>The econmy has materially changed since obama took a leadership role. We now have the most people relying on government (taxpayers) paying for their existence in history. We have the least percentage of taxpayers in history. We have a fed that is printing money to refinance existing debt obligations. Interest rates are the lowest in history and the econmy is barely inkling out an increase. With rates so low, the economy should be booming and it's not. Prople should be buying houses like mad, and they're not. There is nothing left in the Feds tool bag to boost the econmy. We have unreported inflation, with milk, beef, eggs about double the costs as when obama took office and his administration reports 2-4% inflation. That is a joke! We have been surpassed by China as the worlds leading econmy. And everything is awesome here? Yeah, right! It's not China growing, it's the inherent decline in real value of the U.S. economy. And if we continue to elect socialist to leadership roles, this decline will continue and be the new norm.</p><p></p><p>When rates start to increase, and they will, this house of cards will crash.</p></blockquote><p></p>
[QUOTE="SlugSlinger, post: 2682984, member: 7248"] Op- are you educated in economics? The reason I ask is you are quoting a leftist blog like its the gospel of economics. The econmy has materially changed since obama took a leadership role. We now have the most people relying on government (taxpayers) paying for their existence in history. We have the least percentage of taxpayers in history. We have a fed that is printing money to refinance existing debt obligations. Interest rates are the lowest in history and the econmy is barely inkling out an increase. With rates so low, the economy should be booming and it's not. Prople should be buying houses like mad, and they're not. There is nothing left in the Feds tool bag to boost the econmy. We have unreported inflation, with milk, beef, eggs about double the costs as when obama took office and his administration reports 2-4% inflation. That is a joke! We have been surpassed by China as the worlds leading econmy. And everything is awesome here? Yeah, right! It's not China growing, it's the inherent decline in real value of the U.S. economy. And if we continue to elect socialist to leadership roles, this decline will continue and be the new norm. When rates start to increase, and they will, this house of cards will crash. [/QUOTE]
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