Economically, Could Obama Be America's Best President?

[Crabtownboy]

Which a person can see as a so-called improving economy at government\taxpayer expense.

As I said to another, I will take the word from Forbes.

Show me sources that show the economy is at taxpayer expense. Thanks in advance.

 

[webdog]

Disagree. Corporations are (mostly) profitable, and have been for several years. They are sitting on cash. Their balance sheets are strong. The run-up in the stock market is real, though aided by the Fed. The trick will be for the Fed to figure out the proper timing to ease themselves out of the picture.

Which corporations? The strongest have always survived, and they do so by not spending and saving, what you mention.

The stock market runup is smoke and mirrors.

 

[Aaron]

If Obama's policies are so great why is this the slowest recovery ever?

http://blog.heritage.org/2012/11/04/chart-of-the-week-slowest-economic-recovery-since-the-1960s/

Why is his job creation running about 1/3 the monthly job creation rate during Reagan's recovery?



The Fed's quantitative easing is helping the stock market, for sure. Investors are getting nearly nothing for returns in interest rates causing them to buy stocks.

But corporate balance sheets are strong. Profit margins are strong. Earnings are strong. I expect we will see the S&P 500 at 1800 by the end of the year and it will keep going for several years. I wouldn't be surprised to see the Dow at 20,000 in the next five years.

I agree the balloon will burst, they always do, but I don't think it will happen for several years.

Nope. We're simply seeing the heave in death spasm.

 

[Revmitchell]

If that were true the market would be falling. The market is a lead indicator, not a lagging one. Printing money would mean rising inflation and that is not happening. [Econimica 101]

http://theeconomiccollapseblog.com/...e-real-reason-why-the-stock-market-is-soaring

http://www.moneynews.com/StreetTalk/Peck-Fed-Money-Printing-stock/2013/03/10/id/494003

Sources please.

Sorry I did not realize you were so uninformed this is common knowledge:

http://www.washingtonpost.com/blogs...e-labor-force/2011/12/02/gIQAfJLuKO_blog.html

http://www.usatoday.com/story/money/business/2013/04/07/march-labor-force-participation/2057887/

http://www.heritage.org/research/commentary/2012/10/welfare-is-at-an-all-time-high

 

[Squire Robertsson]

At the very least, who is paying the salaries at the FED? CTB, please note, I'm being more or less a devil's advocate on this one. Personally, I view the recovery more due to the innate resilience of the American economic system than to the current occupant of 1600 Penn. Ave.

As I said to another, I will take the word from Forbes.

Show me sources that show the economy is at taxpayer expense. Thanks in advance.

 

[InTheLight]

My wife's a Realtor, you couldn't be more wrong about the recovery. Banks and investors are gobbling properties up and are sitting on them.

Home sales close in on three-and-a-half year high

http://www.reuters.com/article/2013/05/22/us-usa-economy-housing-idUSBRE94F0J120130522

The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data underscored the housing market's improving fortunes as it starts to regain its lost glory. Resales were 9.7 percent higher than the same period last year.

Quantitative Easing has artificially inflated the stock market. You can disagree, but I have a friend who is a broker and even agrees this is quite temporary.

No, I do agree that QE has been a factor in the stock market's rise but not the only factor. There isn't anyplace except the stock market for investors to make money, which is driving them into equities.

 

[InTheLight]

Which corporations? The strongest have always survived, and they do so by not spending and saving, what you mention.

S&P500 earnings per share is on a steep ascent.
http://www.macrotrends.net/1324/s-p-500-earnings-history

Earnings Scorecard: Of the 463 companies that have reported earnings to date for Q1 2013, 70% have reported earnings above the mean estimate and 47% have reported revenues above the mean estimate.

http://seekingalpha.com/article/144...gs-valuation-and-estimates?source=google_news

(click on FactSet link at bottom of page.)

The stock market runup is smoke and mirrors.

 

[Aaron]

http://theeconomiccollapseblog.com/...e-real-reason-why-the-stock-market-is-soaring

http://www.moneynews.com/StreetTalk/Peck-Fed-Money-Printing-stock/2013/03/10/id/494003









Sorry I did not realize you were so uninformed this is common knowledge:

http://www.washingtonpost.com/blogs...e-labor-force/2011/12/02/gIQAfJLuKO_blog.html

http://www.usatoday.com/story/money/business/2013/04/07/march-labor-force-participation/2057887/

http://www.heritage.org/research/commentary/2012/10/welfare-is-at-an-all-time-high

CBT thoroughly spanked—again—by the Rev.

 

[Mexdeaf]

30“An appalling and horrible thing
Has happened in the land:

31The prophets prophesy falsely,
And the priests rule on their own authority;
And My people love it so!
But what will you do at the end of it?

 

[Crabtownboy]

http://theeconomiccollapseblog.com/...e-real-reason-why-the-stock-market-is-soaring

http://www.moneynews.com/StreetTalk/Peck-Fed-Money-Printing-stock/2013/03/10/id/494003

Sorry Rev. Not credible. Not one business source in your sources. Still I will take the word of Forbes over political pieces when we are talking economics.











Sorry I did not realize you were so uninformed this is common knowledge:

http://www.washingtonpost.com/blogs...e-labor-force/2011/12/02/gIQAfJLuKO_blog.html

http://www.usatoday.com/story/money/business/2013/04/07/march-labor-force-participation/2057887/

http://www.heritage.org/research/commentary/2012/10/welfare-is-at-an-all-time-high[/QUOTE]

 

[Revmitchell]

Sorry Rev. Not credible. Not one business source in your sources. Still I will take the word of Forbes over political pieces when we are talking economics.

Yes, we are all going to have a heart attack and die of not surprised.:BangHead:

 

[Bro. James]

Somebody speaks with forked tongue.

A gallon of healthful milk and a loaf of real bread cost around $10 including a 10% tax. Costs of essentials has risen 5-10 fold in the past 40 years. Wages have not kept up with inflation. The global economy is driven by the prices of crude oil and opium derivatives(legal and illegal). Gun running and whiskey are in there too.

"A measure of wheat for a penny(day's work)"

We are on the fringes of The Tribulation, The Great. The world has taken the Mark of the Beast.

It matters not which El Presidente is in office.

The U.S. Constitution is still better than Sharia Law.

No more incumbency--make bureaucrats get real jobs--not lobbying.

I am rambling as usual--need to adjust my daily doses of legal alkaloids.

What will we do when Prozac is unaffordable?

Even so, come Lord Jesus.

Bro. James

 

[webdog]

Home sales close in on three-and-a-half year high

http://www.reuters.com/article/2013/05/22/us-usa-economy-housing-idUSBRE94F0J120130522

The National Association of Realtors said on Wednesday existing home sales advanced 0.6 percent to an annual rate of 4.97 million units, the highest level since November 2009. The data underscored the housing market's improving fortunes as it starts to regain its lost glory. Resales were 9.7 percent higher than the same period last year.

Like the unemployment numbers, these are skewed. They don't take into consideration who is buying them, short sales, etc. It only tells half the story, and comparing the market to 3 years ago is not the best indicator either.

 

[Magnetic Poles]

My wife's a Realtor, you couldn't be more wrong about the recovery. Banks and investors are gobbling properties up and are sitting on them. Foreclosures and short sales are still quite high.

Maybe in the parts of the country, but here in Colorado, demand for homes far outstrips the supply. Sure investors buy property...but so do lots of owner-occupiers.

The unemployment numbers are only aided by those falling off the record. No real improvement there, and when a job is had, it is going to be under 30 hours to fit into Obamacare.

Check again. The recovery in employment has been slow, but that speaks to the depth of the problem created under Republican policies. The Obamacare comment is just FNC talking point.

 

[webdog]

Maybe in the parts of the country, but here in Colorado, demand for homes far outstrips the supply. Sure investors buy property...but so do lots of owner-occupiers.

Ask yourself why that is after the copious amounts of homes foreclosed and short sales. How did this market miraculously turn around like that in 24 months? Banks are buying up homes in huge packages before released to the consumer.

Check again. The recovery in employment has been slow, but that speaks to the depth of the problem created under Republican policies. The Obamacare comment is just FNC talking point.

Dumbest thing I've read. Your buddy Clinton started the mess in '99, but I guess liberals only like to go back to when Bush took office. Let's also forget he was also set to run a surplus until democrats took over congress. Inconvenient truths.

 

[InTheLight]

We can quibble about who's to blame and why the recovery is happening, but folks, the train is leaving the station. The recovery is picking up steam. This is not because of Obama's policies--his two massive spending programs were failures, as was the 2 year cut in FICA tax rates--more likely it is because of strong corporate balance sheets, strong earnings combined with a pent-up feeling of inactivity over the past 5 years, plus the Fed's QE.

 

[Revmitchell]

The only reason why there is any job growth at all is because the conservative states are carrying the rest of the country.

http://news.investors.com/052313-657271-red-states-beat-blue-states-on-economy-jobs.htm

 

[InTheLight]

The only reason why there is any job growth at all is because the conservative states are carrying the rest of the country.

http://news.investors.com/052313-657271-red-states-beat-blue-states-on-economy-jobs.htm

Yes, low tax rates, low debt, low spending are conservative principles that these states embrace. Some of those states have fallen and Nevada is a blue state. So while it might be generally true that red states are leading economic engines, it's not a certainty. It certainly is NOT true to say the least populated states are carrying the nation!

Let's look at the actual up-to-date rankings, found here:
http://www.alec.org/publications/rich-states-poor-states/

2013 rankings
Texas 12th (was 1st)
Nevada 13th (was 2nd) blue state
Michigan 20th (was 50th) blue state
Alaska 21st (was 8th)
Montana 42nd (was 9th)
Ohio 26th (was 49th) blue state
Virginia 5th, blue state

 

[InTheLight]

Like the unemployment numbers, these are skewed. They don't take into consideration who is buying them, short sales, etc. It only tells half the story, and comparing the market to 3 years ago is not the best indicator either.

Well, banks are not buying new homes or foreclosing on them.

New home sales climb in April

New home sales climbed strongly in April, an indication that a long-awaited building market comeback is strengthening. Sales of newly built, single-family homes rose 2.3% above the prior month and were 29% above the same period last year. New homes sold at a seasonally adjusted annual rate of 454,000 units, the Commerce Department reported.

http://www.latimes.com/business/money/la-fi-mo-new-home-sales-20130523,0,1660270.story

 

[webdog]

Well, banks are not buying new homes or foreclosing on them.

New home sales climb in April

New home sales climbed strongly in April, an indication that a long-awaited building market comeback is strengthening. Sales of newly built, single-family homes rose 2.3% above the prior month and were 29% above the same period last year. New homes sold at a seasonally adjusted annual rate of 454,000 units, the Commerce Department reported.

http://www.latimes.com/business/money/la-fi-mo-new-home-sales-20130523,0,1660270.story

No, but they have been tearing down old ones and selling the land dirt cheap to developers. This has happened a couple times a few streets down from me in the last year.