US 3rd quarter GDP revised up to 5% - best in 11 years.

[Matt1970]

No, macroeconomics doesn't change depending on who is in office, that's the point. Bush was running up debts during good economic times. That runs contrary to good economics. Obama was running up debt during bad times. That's entirely consistent with good economics.

You realize that these theories have been on the books for many, many years, right? They do not depend on who is in office and they were written before either Bush or Obama was even born.

Just because you change your thinking depending on who is in office doesn't mean that economics changes.

I am sorry. I should have said interpretations of macroeconomics changes depending on who is in office.

 

[fskimospy]

I am sorry. I should have said interpretations of macroeconomics changes depending on who is in office.

For you, maybe.

 

[Matt1970]

I don't think any liberals claim to be happy with the economy, but this is undeniably good news.

Have you met these guys?

Economy is booming with Obamacare, which we were told would kill any chance of a recovery.

Not me, I've never been better. Salary up, home value up, stock portfolio up, everything is turning up roses.

 

[Matt1970]

For you, maybe.

Do you even have any conservative views Mr. Objective?

 

[Atreus21]

Do you even have any conservative views Mr. Objective?

He's generally in favor of free markets, from what I've seen.

 

[fskimospy]

Do you even have any conservative views Mr. Objective?

Of course I do. I support gun rights, I oppose rent control and overly restrictive zoning laws in places like NYC, I prefer market based regulation, support nuclear power and expanded oil exploration (mostly), etc, etc.

Care to answer my previous questions?

 

[Matt1970]

Of course I do. I support gun rights, I oppose rent control and overly restrictive zoning laws in places like NYC, I prefer market based regulation, support nuclear power and expanded oil exploration (mostly), etc, etc.

Care to answer my previous questions?

The only questions I have seen you ask are rhetorical.

 

[Bitek]

Bazzzzzinga

C'mon! Where is it! Bring on the Obama Nation defense to these statistics somehow while triumphing his amazing accomplishments in our economy during his tenure.

Im curious, given that this was a broad based real estate collapse, what were you expecting the outcome to be?

How would conservative policies lead to a "more equal" outcome?

 

[Hayabusa Rider]

Are you kidding? You see no one who has benefited from the recovery?
I see new cars everywhere. I see old houses renovated or rebuilt all over the place. It's booming all around, you really have to be blind not to see it, or maybe have a short memory and not remember what it was like in 2008-2011.

Congratulations. People here are losing their better paying jobs for lesser ones. There are houses going up. There's a lot of 4000+ square foot homes, and foreclosures on others. I see almost no new cars, but a lot of used ones with rust. I see people working fewer hours than in 2008-2011 and people who haven't an increase in pay in years. Have I seen people who benefited? Oh yeah, most of those new cars are in the 40 to 60+k price range. There's a development of million dollar homes going up too. The highest on the food chain are doing very well. Those lesser individuals? Not really. There's aren't enough jobs at Walmart here for everyone.

 

[theeedude]

Congratulations. People here are losing their better paying jobs for lesser ones. There are houses going up. There's a lot of 4000+ square foot homes, and foreclosures on others. I see almost no new cars, but a lot of used ones with rust. I see people working fewer hours than in 2008-2011 and people who haven't an increase in pay in years. Have I seen people who benefited? Oh yeah, most of those new cars are in the 40 to 60+k price range. There's a development of million dollar homes going up too. The highest on the food chain are doing very well. Those lesser individuals? Not really. There's aren't enough jobs at Walmart here for everyone.

I see a lot of new Hondas, Subarus, Toyotas, etc.
Not sure what the issue with your area is, maybe it's not contributing much value to the economy, but here, things are booming.

 

[fskimospy]

Congratulations. People here are losing their better paying jobs for lesser ones. There are houses going up. There's a lot of 4000+ square foot homes, and foreclosures on others. I see almost no new cars, but a lot of used ones with rust. I see people working fewer hours than in 2008-2011 and people who haven't an increase in pay in years. Have I seen people who benefited? Oh yeah, most of those new cars are in the 40 to 60+k price range. There's a development of million dollar homes going up too. The highest on the food chain are doing very well. Those lesser individuals? Not really. There's aren't enough jobs at Walmart here for everyone.

Hourly wages (finally) have started increasing as well so no, people aren't losing their better paying jobs for worse ones in the aggregate.

 

[Matt1970]

I see a lot of new Hondas, Subarus, Toyotas, etc.

And the problem continues.

 

[theeedude]

And the problem continues.

What problem would that be? Those are made in the USA for the most part.

 

[glenn1]

And the problem continues.

What problem is there in people buying reliable cars? Would you rather them buy some POS like a Chrysler just because the company once was headquartered in Detroit rather run from afar in Italy by Fiat?

 

[Matt1970]

What problem is there in people buying reliable cars? Would you rather them buy some POS like a Chrysler just because the company once was headquartered in Detroit rather run from afar in Italy by Fiat?

Everyone has an excuse, and when the jobs are all gone, they will have scapegoats as well.

 

[ivwshane]

Everyone has an excuse, and when the jobs are all gone, they will have scapegoats as well.

Yep, everyone has excuses, even you

 

[glenn1]

Everyone has an excuse, and when the jobs are all gone, they will have scapegoats as well.

LOL, so now I need an "excuse" to buy the kind of car I need, regardless if some legacy Detroit company even makes it, or if they do regardless how much of a POS it is? Are you so deeply in denial that you think if in 2009 when I bought my last new car that if I had gotten a Chevy Aveo (rebadged KIA shitmobile) that would somehow be more patriotic than buying the infinitely superior Honda Fit?

How about you stop making excuses for lousy "American" car companies so I can buy a decent product from them again. I've had Saturns, Ford station wagons, and a number of other domestic cars before and can honestly say I hadn't been in an "American" car in years that's worth a shit. Every time I have a rental car that's a Ford or something I'm reminded of what shit products they make.

 

[jackstar7]

Do you even have any conservative views Mr. Objective?

Of course I do. I support gun rights, I oppose rent control and overly restrictive zoning laws in places like NYC, I prefer market based regulation, support nuclear power and expanded oil exploration (mostly), etc, etc.

Care to answer my previous questions?

The only questions I have seen you ask are rhetorical.

This exchange crystallizes so much of this board.

 

[Matt1970]

What problem would that be? Those are made in the USA for the most part.

Some are NOW. How much money do we hemorrhage every time we buy one and how much did we hemorrhage before they even moved some of their production here?

Honda has 3
Toyota has 7
Chevrolet has over 40.
Ford has 26

 

[Matt1970]

LOL, so now I need an "excuse" to buy the kind of car I need, regardless if some legacy Detroit company even makes it, or if they do regardless how much of a POS it is? Are you so deeply in denial that you think if in 2009 when I bought my last new car that if I had gotten a Chevy Aveo (rebadged KIA shitmobile) that would somehow be more patriotic than buying the infinitely superior Honda Fit?

How about you stop making excuses for lousy "American" car companies so I can buy a decent product from them again. I've had Saturns, Ford station wagons, and a number of other domestic cars before and can honestly say I hadn't been in an "American" car in years that's worth a shit. Every time I have a rental car that's a Ford or something I'm reminded of what shit products they make.

Buy whatever the hell you want, but remember purchasing decisions have consequences.

 

[theeedude]

Some are NOW. How much money do we hemorrhage every time we buy one and how much did we hemorrhage before they even moved some of their production here?

Honda has 3
Toyota has 7
Chevrolet has over 40.
Ford has 26

Who is hemorrhaging money when they buy a Toyota? I see a lot of new Ford cars and trucks too. The point is people have money and confidence to buy new expensive products.
You want to be bitter, fine. US economy is outperforming Japan and Europe, and manufacturing is recovering in the US.

 

[Matt1970]

Who is hemorrhaging money when they buy a Toyota? I see a lot of new Ford cars and trucks too. The point is people have money and confidence to buy new expensive products.
You want to be bitter, fine. US economy is outperforming Japan and Europe, and manufacturing is recovering in the US.

Now why would you think people can't discuss things like this without being bitter? Yes, new cars on the road is a good sign, but that fact a good chunk of them are imported, and it's nearly impossible to find much of anything made in US, we have bigger problems looming on the horizon. We are a nation that consumes much more than it produces. Bitter? Not even close. I am 44 years old, I don't have any kids and I will be long dead and buried when all this crap implodes.

 

[theeedude]

Now why would you think people can't discuss things like this without being bitter? Yes, new cars on the road is a good sign, but that fact a good chunk of them are imported, and it's nearly impossible to find much of anything made in US, we have bigger problems looming on the horizon. We are a nation that consumes much more than it produces. Bitter? Not even close. I am 44 years old, I don't have any kids and I will be long dead and buried when all this crap implodes.

You sound bitter. US is growing 5%, adding 300K jobs a month, and you drag in this old stuff that's been going on for ages, and is not even a bad thing, since when someone buys a car, regardless of brand, US economy benefits from suppliers to service, and so on. But go ahead, throw the kitchen sink at it. We do have a wealth distribution problem, but I am sure the incoming GOP Congress will address it in no time.

 

[First]

I am 44 years old, I don't have any kids and I will be long dead and buried when all this crap implodes.

Well that explains a lot.

 

[Engineer]

Some are NOW. How much money do we hemorrhage every time we buy one and how much did we hemorrhage before they even moved some of their production here?

Honda has 3
Toyota has 7
Chevrolet has over 40.
Ford has 26

94% of Honda and Acura vehicles sold in the U.S. in 2013 were manufactured in North America, the highest percentage of any international automaker.

5 of the top 10 (including #1) in percentage of US parts used in cars in the US belong to 'foreign' car companies.

http://wallstcheatsheet.com/stocks/10-most-american-made-vehicles-for-2014.html/?a=viewall

I see hundreds of manufacturing plants in Kentucky and the surrounding states that are producing parts for Nissan, Toyota, Honda, Hynudai and the likes. Far more here than the 'domestic' brands.

Cars aren't the issue, at least now. It's the general day to day items that have killed us (clothing, electronics, etc).