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24 straight months of growth in the private sector!

For sure ... things are getting much better!!
From your linked article:
"The number of long-term unemployed, those out of work for 27 weeks or more, remained little changed at 5.4 million, accounting for 42.6 percent of the total number of unemployed.
The number of people who are underemployed, those who are working part time but are unable to find full timehttp://www.rttnews.com/1838033/u-s-...e=fts&utm_source=google&utm_campaign=sitemap# work, also remained little changed in February at 8.1 million."
 
Skitzer said:
For sure ... things are getting much better!!
From your linked article:
"The number of long-term unemployed, those out of work for 27 weeks or more, remained little changed at 5.4 million, accounting for 42.6 percent of the total number of unemployed.
The number of people who are underemployed, those who are working part time but are unable to find full timehttp://www.rttnews.com/1838033/u-s-...e=fts&utm_source=google&utm_campaign=sitemap# work, also remained little changed in February at 8.1 million."
Click to expand...

So how do you propose to change this after coming out of the worst Recession Americans have ever went through since the Great Depression?
 
Ausm said:
So how do you propose to change this after coming out of the worst Recession Americans have ever went through since the Great Depression?
Click to expand...
Not true. The recessions of 1937 and 1945 were much worst than our last recession which ended June, 2009.
 
Deleveraging%20Over.jpg


The "growth" in the private sector as you like to refer to it, is simply ramping up credit leveraging. Unsustainable, it will crash again, better question is will there be enough credit to go around for the next 6 months to convince America Obama fixed anything.

The truth doesn't matter anymore, people just want to see some positive trajectory and worry about the consequences later.
 
momeNt said:
Deleveraging%20Over.jpg


The "growth" in the private sector as you like to refer to it, is simply ramping up credit leveraging. Unsustainable, it will crash again, better question is will there be enough credit to go around for the next 6 months to convince America Obama fixed anything.

The truth doesn't matter anymore, people just want to see some positive trajectory and worry about the consequences later.
Click to expand...

That sounds like when Congress pushed through the Repeal of GLass-Steigall that brought this mess on us.
 
momeNt said:
Deleveraging%20Over.jpg


The "growth" in the private sector as you like to refer to it, is simply ramping up credit leveraging. Unsustainable, it will crash again, better question is will there be enough credit to go around for the next 6 months to convince America Obama fixed anything.

The truth doesn't matter anymore, people just want to see some positive trajectory and worry about the consequences later.
Click to expand...

There you go, presenting information Ausm surely wont understand and make him lash out and change subjects.
 
Some people will never acknowledge any positive economic data, and will always try to spin it negative. Those people will continue to say we're in bad shape long after a full recovery is achieved, I suspect.

Anyway, yes, the job growth numbers this month were quite good. January is even better now that it got upwardly revised to 284,000.
 
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There is room for "growth".

http://www.federalreserve.gov/releases/housedebt/

If we hit all the highs from 06-07, we'll be right back into the credit boom. The next President, be it Obama or Romney, in their first time will preside over the "Great Recovery", probably can last until 2017 maybe, we'll top back out on debt, have another crash, another round of bailouts, all of which do nothing until people are ready to take on more debt. Leverage and deleveraging cycle will probably accelerate because the Fed has gotten very aggressive with easing measures.
 
As long as there will be more private jobs being created than people being laid off; growth is on its way.
Kind of like swimming to the surface of a pool from the bottom. You are moving up; but still have to hold your breath. We are not at the surface yet, nor really accelerating upwards at a good clip. Are we able to hold our breath long enough to get to the surface.
 
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1937 Nearly twice the unemployment and 4 times the decline in GDP but because it was 1/3rd shorter in duration it was better?
 
momeNt said:
There is room for "growth".

http://www.federalreserve.gov/releases/housedebt/

If we hit all the highs from 06-07, we'll be right back into the credit boom. The next President, be it Obama or Romney, in their first time will preside over the "Great Recovery", probably can last until 2017 maybe, we'll top back out on debt, have another crash, another round of bailouts, all of which do nothing until people are ready to take on more debt. Leverage and deleveraging cycle will probably accelerate because the Fed has gotten very aggressive with easing measures.
Click to expand...

lol. You're a funny poster. It's almost as if you believe your predictions are worth a damn.
 
momeNt said:
Deleveraging%20Over.jpg


The "growth" in the private sector as you like to refer to it, is simply ramping up credit leveraging. Unsustainable, it will crash again, better question is will there be enough credit to go around for the next 6 months to convince America Obama fixed anything.

The truth doesn't matter anymore, people just want to see some positive trajectory and worry about the consequences later.
Click to expand...
That is a good question, but whether or not it crashes depends on whether or not the economy takes off and really improves. If it does, those companies which ramped up early stand to benefit. If it does not, those same companies may well crash.

The length of a recession does not make a good metric to measure its severity in my opinion, simply because bungling the response will artificially prolong it and give credit to the very people who bungled it. As I see it, there are three different factors. First, having taken a dip, the economy will always automatically recover if left to its own devices, constrained only by the permanent effects (if any) of the recession's causes. Second, there are factors (such as outsourcing our manufacturing) that make it more difficult to recover from a recession than in the past, especially through consumer demand & spending. Third, there are those factors that Congress and the President introduce, intentionally and unintentionally, which will boost or retard the recovery. The first two seem to me to be of greatest magnitude, leaving us to argue over the relative importance (and direction) of Congress' and the President's contributions.

That said, I'm not at all impressed by most of President Obama's and the Democrats' contributions, nor of Bush's and the Republicans' contributions. I think TARP was a good idea that was badly implemented, perhaps partially necessarily because the scope of the damage exceeded the available remedy. I think the GM bailout was a good idea with the exception of Obama using his office to break existing law to screw the bond holders and give the company to the autoworkers' union. Other than that I don't think either side has an idea that will do much more good than damage. Obama however receives a lot of the credit for the recovery and a lot of the blame for its weakness simply because of his office, not because of what he has done or not done. McCain has as little free market experience and knowledge as does Obama, so I see no reason to assume he would have done materially better.
 
woolfe9999 said:
Some people will never acknowledge any positive economic data, and will always try to spin it negative. Those people will continue to say we're in bad shape long after a full recovery is achieved, I suspect.

Anyway, yes, the job growth numbers this month we quite good. January is even better now that it got upwardly revised to 284,000.
Click to expand...

Thx Woolfe for a dose of sanity in here!
 
Genx87 said:
There you go, presenting information Ausm surely wont understand and make him lash out and change subjects.
Click to expand...

Change subjects? I think my post is TOTALLY relevant. Then you must reject that the Repeal of Glass-Steigall brought this on us. If that's the case please enlighten us on how we got into this Recession then.
 
Ausm said:
Change subjects? I think my post is TOTALLY relevant. Then you must reject that the Repeal of Glass-Steigall brought this on us. If that's the case please enlighten us on how we got into this Recession then.
Click to expand...

Why must I reject Glass-Steagall contributed to the housing implosion?
 
Ausm said:
Change subjects? I think my post is TOTALLY relevant. Then you must reject that the Repeal of Glass-Steigall brought this on us. If that's the case please enlighten us on how we got into this Recession then.
Click to expand...
I don't think it caused the recession, but I'd sure agree it made it so severe. The whole point of Glass-Steagall was to limit a crash in residential sector from crashing investment banking and vice versa. Congress removed it (in a bipartisan fashion, but with Republicans notably worse than Democrats) and barely a decade after its last tattered remains were removed, the very thing it was designed to prevent happens.

Had Glass-Steagall remained in force, I doubt this recession would have been more than a year or worse than 9% unemployment.
 
Ausm said:
Change subjects? I think my post is TOTALLY relevant. Then you must reject that the Repeal of Glass-Steigall brought this on us. If that's the case please enlighten us on how we got into this Recession then.
Click to expand...

Exactly as predicted Asum changes subject. Here are some facts. Per your link "Obama" created 2.1 million jobs in 2011. US population growth has averages 2.5 million in the last 5 or so years.
 
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