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  #31 (permalink)  
Old 05-09-2008
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timj219 timj219 is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by jviehe View Post
What matters is that if you beleive the polls, most people think their personal financial situation is good, and that everyone elses sucks. IE, Jack things his life is fine, but his next door neighbor Bob must be having a hard time. And Bob thinks his life is fine, and that Jack must be having a hard time. Which means, they are both doing fine, and have a misconception about the rest of the world. Sound familiar?
Citing polls to make a claim that the economy is in good shape? Could you possibly make a more ridiculous argument? Wage growth for over 80% of american citizens has been stagnant or negative over the last seven years. You can't poll away facts like that.
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  #32 (permalink)  
Old 05-09-2008
southrnfried southrnfried is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by timj219 View Post
Citing polls to make a claim that the economy is in good shape? Could you possibly make a more ridiculous argument? Wage growth for over 80% of american citizens has been stagnant or negative over the last seven years. You can't poll away facts like that.
Wage growth is directly tied to the massive influx of illegal aliens and let's not get started with the fact that Dems are steadfastly opposed to US oil production and exploration. A problem the democrats, and some republicans, have no intention of dealing with. The solution isn't to increase taxes on the producers.
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  #33 (permalink)  
Old 05-09-2008
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timj219 timj219 is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by southrnfried View Post
Wage growth is directly tied to the massive influx of illegal aliens and let's not get started with the fact that Dems are steadfastly opposed to US oil production and exploration. A problem the democrats, and some republicans, have no intention of dealing with. The solution isn't to increase taxes on the producers.
Utter nonsense and also completely unrelated to anything we've been discussing.
Do you have anything to say which relates to my actual post?
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  #34 (permalink)  
Old 05-09-2008
Americano Americano is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by goober View Post
Almost every business owner I talk to is complaining, none are out of business, but they all say things are slow.
I'm hearing the same thing. Had lunch with a friend who owns a chain of franchised convenience marts and he said the results of $100+/barrel oil have just began flowing down in the form of repeated, substantial price increases on everything with a plastic or metal container and all food products. To the point of his operations people being over-whelmed trying to keep up with shelf pricing to accompany register software updates. His volume declined 3.4% in April with no new competition.

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Figure that anyone who buys gas is having an extra couple of double-sawbucks lifted out of his wallet every week, and mailed to Iraq and Venezuela, that adds up.
And I can't turn on the news without hearing about foreclosures being up, and defaults being up and credit being tight.

The economy isn't any one person, there are always people doing better and people doing worse.
But from a political handicapping point of view, there are more people who have done better in the past and are feeling the pinch now, than there are people who are better off than they were a few years ago.
Which should skew votes to the left.
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  #35 (permalink)  
Old 05-09-2008
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by timj219 View Post
Citing polls to make a claim that the economy is in good shape? Could you possibly make a more ridiculous argument? Wage growth for over 80% of american citizens has been stagnant or negative over the last seven years. You can't poll away facts like that.
So what if it is? People apparently think they are doing fine. Stagnant is just another word for steady, which is fine by me. Oh and wages overall have grown from $483 per week to $600 i the last seven years. IS that stagnant wage growth?
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  #36 (permalink)  
Old 05-09-2008
Americano Americano is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by southrnfried View Post
Wage growth is directly tied to the massive influx of illegal aliens and let's not get started with the fact that Dems are steadfastly opposed to US oil production and exploration. A problem the democrats, and some republicans, have no intention of dealing with. The solution isn't to increase taxes on the producers.
Wage growth is directly tied to illegal aliens? That's good for a morning laugh.
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  #37 (permalink)  
Old 05-09-2008
southrnfried southrnfried is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by Americano View Post
Wage growth is directly tied to illegal aliens? That's good for a morning laugh.
What do you get when you flood a capitalist society with cheap labour? I have an idea why don't we just blame the state of the economy on tax cuts for the wealthy; that seems to placate the uneducated.
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  #38 (permalink)  
Old 05-09-2008
southrnfried southrnfried is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by Americano View Post
I'm hearing the same thing. Had lunch with a friend who owns a chain of franchised convenience marts and he said the results of $100+/barrel oil have just began flowing down in the form of repeated, substantial price increases on everything with a plastic or metal container and all food products. To the point of his operations people being over-whelmed trying to keep up with shelf pricing to accompany register software updates. His volume declined 3.4% in April with no new competition.
Hope you guys talked about all this global warming nonsense that is the primary cause of the dramatic rise in the cost of food. And let's not get started on the consequences of a lack of US oil production. Here's a thought how about we produce our own oil.
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  #39 (permalink)  
Old 05-09-2008
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by jviehe View Post
So what if it is? People apparently think they are doing fine. Stagnant is just another word for steady, which is fine by me. Oh and wages overall have grown from $483 per week to $600 i the last seven years. IS that stagnant wage growth?
I can't stop laughing. Here's an idea. Let's stop measuring real things like wages and buying power and jobs. Let's just do polls about how people feel instead. Basing public policy decisions on actual facts is for the birds.
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  #40 (permalink)  
Old 05-09-2008
southrnfried southrnfried is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Utter nonsense and also completely unrelated to anything we've been discussing.
Do you have anything to say which relates to my actual post?
I'm still waiting for you to actually cite anything that verifies this load of crap;

Quote:
Wage growth for over 80% of american citizens has been stagnant or negative over the last seven years.
How many americans are suffering from stagnate wages because of the tens of millions of illegals driving down the cost of labour and everything else that goes along with the housing industry? Simply saying something is stupid is apparently all you have.
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  #41 (permalink)  
Old 05-09-2008
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timj219 timj219 is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by southrnfried View Post
I'm still waiting for you to actually cite anything that verifies this load of crap;



How many americans are suffering from stagnate wages because of the tens of millions of illegals driving down the cost of labour and everything else that goes along with the housing industry? Simply saying something is stupid is apparently all you have.
I'm sorry but I can't be bothered with nonsense that has nothing to do with what we are talking about. Do you have anything to say which relates to the irrelevance of most economic measures for most americans? Do you have anything to say which helps explain how an economy can meaningfully be claimed to be "healthy" or "growing" when most citizens are seeing there wages reduced?
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  #42 (permalink)  
Old 05-09-2008
southrnfried southrnfried is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by timj219 View Post
I can't stop laughing. Here's an idea. Let's stop measuring real things like wages and buying power and jobs. Let's just do polls about how people feel instead. Basing public policy decisions on actual facts is for the birds.
You should be a big fan of tax cuts then. Because the facts clearly show that every tax cut is followed by a period of economic growth.
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  #43 (permalink)  
Old 05-09-2008
southrnfried southrnfried is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by timj219 View Post
I'm sorry but I can't be bothered with nonsense that has nothing to do with what we are talking about. Do you have anything to say which relates to the irrelevance of most economic measures for most americans? Do you have anything to say which helps explain how an economy can meaningfully be claimed to be "healthy" or "growing" when most citizens are seeing there wages reduced?

Can you explain why you can't provide any data to support your idiotic claim that most citizens wages have gone down?
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  #44 (permalink)  
Old 05-09-2008
Americano Americano is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by jviehe View Post
So what if it is? People apparently think they are doing fine. Stagnant is just another word for steady, which is fine by me. Oh and wages overall have grown from $483 per week to $600 i the last seven years. IS that stagnant wage growth?
How about a source on that? Unskilled, skilled, college educated? Excluding government COLAs? All industries?
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  #45 (permalink)  
Old 05-09-2008
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timj219 timj219 is offline
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Re: No Recession Yet - GDP up in Q1-2008

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Originally Posted by southrnfried View Post
Can you explain why you can't provide any data to support your idiotic claim that most citizens wages have gone down?
Nothing to explain - as far as I know you hadn't asked for it. I've posted it here before but I'm happy to oblige. Nobody disputes these numbers - they just aren't important to the current admin or people who support it because they reflect the reality for workers instead of for investors.
Bureau of Labor Statistics
Economic Policy Institute Report

So you've gone from claiming the numbers really are relevant to blaming mexicans to saying my claims about decreasing wages are false. What's next? Do you really have any opinon on this issue?
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