A little perspective on the economy - XDTalk Forums - Your HS2000/SA-XD Information Source!

wombat13 · 04-09-2008, 12:02 PM

Pulled this from the blog at nationalreview.com. I think we could use a little perspective on the economy. Here's the link to the blog:

The Corner on National Review Online

That Awful Economy [David Freddoso]

A Hill staffer sends this along:

It’s the Politics, Stupid:
Comparing Labor Market Data in 1996 and 2008

Democrats on the Economy in 1996:
“Our economy is the healthiest it has been in three decades.” (President Bill Clinton, State of the Union Address, January 23, 1996)

Democrats on the Economy in 2008:
“The bottom line is that this administration is the owner of the worst jobs record since Herbert Hoover." (Senator Charles Schumer, Press Release, March 7, 2008

Key Labor Market Statistics in 1996 and 2008 March 1996 March 2008

1. U.S. Unemployment Rate: 1996 - 5.5% 2008 - 5.1%
2. Number of Long-Term Unemployed 1996 - 1.33 million 2008 - 1.28 million
3. Average Weeks Unemployed 1996 - 17.3 weeks 2008 - 16.2 weeks
4. Median Weeks Unemployed 1996 - 8.3 weeks 2008 - 8.1 weeks
5. Not in Labor Force because discouraged over job prospects 1996 - 451,000 2008 - 401,000
6. Democrats calling for Extended Unemployment Benefits? 1996 - No 2008 - Yes
7. President’s Party Affiliation 1996 - Democrat 2008 - Republican

FrankRizzoXD40 · 04-09-2008, 04:25 PM

Don't waste your time with the facts and the statistics.

The last time I tried this, I was given the following response....

Quote:

Originally Posted by ??????

I don't care what you think, and I'd assume that holds true for everyone - ESPECIALLY regarding fiscal issues. Your posting of charts and government released statistics is proof of the old adage...'There are lies, there are damn lies, and there are statistics". So despite all your charts and statistics and 8x10 glossies with little circles and arrows, you have failed miserably in 'proving' any contention that the economy is strong and good, and whatever it was you set out to "prove'.

See? Statistics are lies! (Especially if they do not conform to one's own internal bias).

Frank

afmo · 04-09-2008, 04:30 PM

don't watch the news for a few weeks and then see how you feel about the economy...there are really only 2 sectors of the economy that are doing badly, housing and oil. The housing market is much deserved, people got greedy, the bubble burst, and now they need to fail. The oil market is a bit more complex, but it has a lot to do with bernanke cutting interest rates to soften the sting of the housing market, so people are pumping cash into commodities. When interest rates go back up, the price of oil will go down...

i believe that much of the doom and gloom of the economy is being fabricated by a liberal media trying to give a democrat the edge in november....YMMV

**Frenchy** · 04-09-2008, 04:33 PM

I look at two things at my income level. The cost of gas to get back and forth to work, and the cost of basic goods. This effects my bottom line, and thus I have to make adjustments.
It's a matter of weathering the storm.

jtkratzer · 04-09-2008, 04:53 PM

Interesting stats you present, it's stuff like this that makes the people who are screaming about the US crumbling apart STFU.

afmo · 04-09-2008, 05:34 PM

Quote:

Originally Posted by jtkratzer

Interesting stats you present, it's stuff like this that makes the people who are screaming about the US crumbling apart STFU.

unfortunately it doesnt...i still hear people talk about how bad things are...and i guess they are if you are heavily invested in the housing market...

one-eyed-fatman · 04-09-2008, 05:42 PM

Quote:

Originally Posted by Frenchy

I look at two things at my income level. The cost of gas to get back and forth to work, and the cost of basic goods. This effects my bottom line, and thus I have to make adjustments.
It's a matter of weathering the storm.

And what happens when you find yourself in the perfect storm?

**DanTheEldest** · 04-09-2008, 05:47 PM

Quote:

Originally Posted by one-eyed-fatman

And what happens when you find yourself in the perfect storm?

Get off George Clooney's boat.

JeffXD · 04-09-2008, 05:51 PM

Don't live way beyond your means and all you really need is an umbrella in the "storm".

**eric_t12** · 04-09-2008, 06:04 PM

some of us arguing about economic change aren't necessarily saying its crappy NOW, we're saying that - with the way our government is spending, in 40 years we will only be able to afford the Interest on what all we owe as a Federation.

Read the link in my sig, the GAO 21st Century Challenges Report.

anyone concerned with economic future and stability should probably give it a read.

04-09-2008, 12:02 PM	#1
wombat13 XDTalk 1K Member Join Date: Oct 2006 Location: Western NY Posts: 1,465	A little perspective on the economy Pulled this from the blog at nationalreview.com. I think we could use a little perspective on the economy. Here's the link to the blog: The Corner on National Review Online That Awful Economy [David Freddoso] A Hill staffer sends this along: It’s the Politics, Stupid: *Comparing Labor Market Data in 1996 and 2008* Democrats on the Economy in 1996: “Our economy is the healthiest it has been in three decades.” (President Bill Clinton, State of the Union Address, January 23, 1996) Democrats on the Economy in 2008: “The bottom line is that this administration is the owner of the worst jobs record since Herbert Hoover." (Senator Charles Schumer, Press Release, March 7, 2008 *Key Labor Market Statistics in 1996 and 2008* March 1996 March 2008 1. U.S. Unemployment Rate: 1996 - 5.5% 2008 - 5.1% 2. Number of Long-Term Unemployed 1996 - 1.33 million 2008 - 1.28 million 3. Average Weeks Unemployed 1996 - 17.3 weeks 2008 - 16.2 weeks 4. Median Weeks Unemployed 1996 - 8.3 weeks 2008 - 8.1 weeks 5. Not in Labor Force because discouraged over job prospects 1996 - 451,000 2008 - 401,000 6. Democrats calling for Extended Unemployment Benefits? 1996 - No 2008 - Yes 7. President’s Party Affiliation 1996 - Democrat 2008 - Republican Last edited by wombat13 : 04-09-2008 at 12:05 PM.

04-09-2008, 04:30 PM	#3
afmo XDTalk 1K Member Join Date: Oct 2007 Location: Northern California Posts: 1,365	don't watch the news for a few weeks and then see how you feel about the economy...there are really only 2 sectors of the economy that are doing badly, housing and oil. The housing market is much deserved, people got greedy, the bubble burst, and now they need to fail. The oil market is a bit more complex, but it has a lot to do with bernanke cutting interest rates to soften the sting of the housing market, so people are pumping cash into commodities. When interest rates go back up, the price of oil will go down... i believe that much of the doom and gloom of the economy is being fabricated by a liberal media trying to give a democrat the edge in november....YMMV __________________ Democracy is two wolves and a lamb deciding what to eat for dinner. Liberty is a well armed lamb protesting the vote. - Benjamin Franklin Mii Fit - My Daily Blog and and My Experiences with Wii Fit. Ruger 22/45 MKIII Springfield XD-9 Service Stevens Model 67 Series E 12g 1948 M44 Mosin-Nagant

04-09-2008, 04:33 PM	#4
Frenchy XDTalk 10K Member Join Date: Mar 2001 Location: Mid-Missouri Posts: 12,107	I look at two things at my income level. The cost of gas to get back and forth to work, and the cost of basic goods. This effects my bottom line, and thus I have to make adjustments. It's a matter of weathering the storm. __________________ ~SC Harvey~ Because Fritz says so! "Though the flame of liberty may sometimes cease to shine, the coal can never expire." Thomas Paine, The American Crisis, #1, December 23, 1776 http://mikeharvey.org/ RON PAUL IN 2008

04-09-2008, 04:53 PM	#5
jtkratzer XDTalk 10K Member Join Date: Apr 2007 Location: Lancaster Co., PA Posts: 13,014	Interesting stats you present, it's stuff like this that makes the people who are screaming about the US crumbling apart STFU. __________________ Hit this blog:Updated 6/13 "I would rather be exposed to the inconveniences attending too much liberty than to those attending too small a degree of it." - Thomas Jefferson American Gun Owners Pennyslvania Firearms Owners Association Hockey Forum

04-09-2008, 05:51 PM	#9
JeffXD XDTalk 1K Member Join Date: Oct 2005 Location: The Great State of Texas Posts: 1,155 Blog Entries: 1	Don't live way beyond your means and all you really need is an umbrella in the "storm". __________________ Politics is the art of looking for trouble, finding it everywhere, diagnosing it incorrectly, and applying the wrong remedies. - Groucho Marx Some people are only alive, because it's illegal to shoot them.

04-09-2008, 06:04 PM	#10
eric_t12 XDTalk 3K Member Join Date: Nov 2006 Location: SD Posts: 3,294	some of us arguing about economic change aren't necessarily saying its crappy NOW, we're saying that - with the way our government is spending, in 40 years we will only be able to afford the Interest on what all we owe as a Federation. Read the link in my sig, the GAO 21st Century Challenges Report. anyone concerned with economic future and stability should probably give it a read. __________________ Gun Owners are Potential Terrorists: Says the FBI Our Economic Future: GAO 21st Century Challenges The Police Have No Duty To Protect You Choose Liberty - Ron Paul

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