Economy healed under Obama, but unhappy voters chose Trump

[lannarebirth]

10 minutes ago, ilostmypassword said:

Well, if you mean the tiny little retail bank that Goldman opened, so what?  If it fails, the depositors are protected by Federal Deposit Insurance.  It certainly poses no threat to economy as a whole. And if the day ever comes when Goldman gets so big that it is a threat, it will be subject to Dodd Frank. Oh wait, the Republicans plan on abolishing Dodd Frank.

 

See, that's why your candidate lost. Too many Democrats have become corporatists and closet Republicans. Old political saying: When the race is between a Republican and a Republican, vote for the Republican. No one wants a Democrat who panders to the corporatist crowd.

[Barefoot]

Among the many inaccuracies in this article is that Obama was a law professor.  Wrong.  He was a lowly lecturer at the Univ. of Chicago Law School.  He taught a single class, Constitutional Law.  Many law schools utilize practicing attorneys to teach a class.  Merely standing in front of a bunch of law students does not make one a professor.

[Tawan Dok Krating Daeng]

18 minutes ago, Barefoot said:

Among the many inaccuracies in this article is that Obama was a law professor.  Wrong.  He was a lowly lecturer at the Univ. of Chicago Law School.  He taught a single class, Constitutional Law.  Many law schools utilize practicing attorneys to teach a class.  Merely standing in front of a bunch of law students does not make one a professor.

 

I wonder what motivates you to try and make others as small as yourself.

 

Obama made history as the first black President. He fixed a mess inherited from Republican laissez faire deregulation lunatics and implemented social programs that helped Americans left behind by the selfish boot-strap lifting ideological morons who are now back with their snouts in the trough.

 

His legacy will be burnished by time. I have no problem with someone calling a University lecturer a professor. Happens all the time here.

[ilostmypassword]

2 hours ago, lannarebirth said:

 

See, that's why your candidate lost. Too many Democrats have become corporatists and closet Republicans. Old political saying: When the race is between a Republican and a Republican, vote for the Republican. No one wants a Democrat who panders to the corporatist crowd.

What in the world are you referencing? It's the Republicans who want to kill Dodd Frank and the Consumer Protection Bureau. Not the Democrats. I know this doesn't play into your mantra of there is no difference, but neither do the facts. Will it take another massive crash and a depression to reacquaint you with those facts?

[ilostmypassword]

6 hours ago, Barefoot said:

Among the many inaccuracies in this article is that Obama was a law professor.  Wrong.  He was a lowly lecturer at the Univ. of Chicago Law School.  He taught a single class, Constitutional Law.  Many law schools utilize practicing attorneys to teach a class.  Merely standing in front of a bunch of law students does not make one a professor.

I can see we have another fake news junkie here. So many errors.  He wasn't a lowly lecturer at the Univ. of Chicago Law School. He was a Senior Lecturer for 8 of the 12 years he worked there. And the University of Chicago regards Senior Lecturers as Professors.  And he didn't teach just one class. He taught 3 courses per year.  But don't take my word for it. Here it is straight from the University of Chicago:  

 He was a Senior Lecturer from 1996 to 2004, during which time he taught three courses per year. Senior Lecturers are considered to be members of the Law School faculty and are regarded as professors, although not full-time or tenure-track. The title of Senior Lecturer is distinct from the title of Lecturer, which signifies adjunct status

http://www.factcheck.org/2008/03/obama-a-constitutional-law-professor/

Because of fair use rules I can't quote the rest. But it goes on to say that Senior Lecturers don't qualify for tenure because they have high demand careers which don't allow them to teach full time.  The University of Chicago is one of the leading institutions of higher learning in the United States. You don't stay hired there if you're not doing a good job. Especially, if you don't have tenure to protect you.

What is there about ignorance that people like you find so attractive?

[Opl]

On ‎22‎/‎12‎/‎2016 at 3:48 PM, ilostmypassword said:

Here's a link to a brief interview with Michael Lewis the author of Moneyball and The Big Short

http://www.businessinsider.com/michael-lewis-reveals-what-scares-him-about-president-trump-2016-12

 

Trump's  economic plan is inspired by  Kansas Governor Brownback who  promised to slash taxes on business owners and lower personal income tax rates, unleashing an economic renaissance in Kansas.

 

Fact check: (  Job growth - Taxes - Business creation):

- What the governor says

- Where he gets it 

-What the governor leaves out

- What the governor’s office says:

- What an economist says

 

http://www.kansas.com/news/politics-government/article111182802.html

Read more here: http://www.kansascity.com/opinion/opn-columns-blogs/yael-t-"abouhalkah/article105335286.html#storylink=cpy

 

and https://www.bloomberg.com/view/articles/2016-10-24/kansas-ends-bad-economic-news-by-not-reporting-it

 

 

[Boon Mee]

A more balanced look at Obama's 'recovery':

https://www.nytimes.com/2014/04/28/business/economy/recovery-has-created-far-more-low-wage-jobs-than-better-paid-ones.html?partner=rss&emc=rss&smid=tw-nytimes&_r=0

[Ulysses G.]

1 minute ago, Boon Mee said:

A more balanced look at Obama's 'recovery':

https://www.nytimes.com/2014/04/28/business/economy/recovery-has-created-far-more-low-wage-jobs-than-better-paid-ones.html?partner=rss&emc=rss&smid=tw-nytimes&_r=0

 

Thanks. Some honesty for a change.

 

The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

 

[KarenBravo]

On 12/22/2016 at 9:27 AM, ThaiWest said:

 

Hum... Not really, true VOTERS just vote you OUT! Just as has happened! If after 8 frigging years a POTUS cannot or does not 'take care of the US' it's time for THAT party to depart! Folks, that is just what the American citizens have done with their votes... believe it! Get over it! Accept it! Move forward... The "VOTERS" are most 'grateful' to have the VOTE and RIGHT to have moved FORWARD. ONLY the ones who wanted to remain in the FAILING government are now creating a 'show' for ... THEMSELVES!  Unfortunately, the "news' media who have chosen to line up with them, are publishing AND pushing the STORY LINES in an attempt (which WILL FAIL) to support the cry-babies... Oh... So sad...for them... For they most certainly will be the losers in the end...

 

Just one glance at your post and I moved on, feeling that my intelligence had somehow just been insulted.

[Boon Mee]

28 minutes ago, Ulysses G. said:

 

Thanks. Some honesty for a change.

 

The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

 

We also see this disturbing trend:

 

Percentage of Young Americans Living With Parents Rises to 75-Year High

Household formations by millennials lag behind other economic recoveries; high rents, mortgage standards cited"

http://www.wsj.com/articles/percentage-of-young-americans-living-with-parents-rises-to-75-year-high-1482316203

[mike324]

36 minutes ago, Ulysses G. said:

 

Thanks. Some honesty for a change.

 

The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

 

 

Its an honest article, but I don't see how that article puts Obama in a negative light. The fact that there are no good jobs is because companies are cutting costs and streamlining their business to make it more efficient. Hence less hiring in the mid to high salary brackets.

 

Fast food and strip malls thrive during downturn in economy simply because people have less money to spend, hence employment among those sectors generally increase faster.  When people are out of work, they are less picky and take up lower paying jobs just to continue to pay the bills. These are just basic of economy, nothing to do with Obamas failure of trying to put good jobs on the table.

 

The fact the these "bad jobs" are mostly the low wage jobs, your president Trump does not support raising the minimum wage. What do you say about that?

[mike324]

31 minutes ago, Boon Mee said:

We also see this disturbing trend:

 

Percentage of Young Americans Living With Parents Rises to 75-Year High

Household formations by millennials lag behind other economic recoveries; high rents, mortgage standards cited"

http://www.wsj.com/articles/percentage-of-young-americans-living-with-parents-rises-to-75-year-high-1482316203

 

Whats more disturbing is that many Republicans don't support minimum wage and Trump is leaving that up to the state to decide instead of raising the federal minimum wage. Lets just hope that changes if they want to see low income people have better lives.

[ilostmypassword]

1 hour ago, Ulysses G. said:

 

Thanks. Some honesty for a change.

 

The deep recession wiped out primarily high-wage and middle-wage jobs. Yet the strongest employment growth during the sluggish recovery has been in low-wage work, at places like strip malls and fast-food restaurants.

In essence, the poor economy has replaced good jobs with bad ones. That is the conclusion of a new report from the National Employment Law Project, a research and advocacy group, analyzing employment trends four years into the recovery.

 

What you failed to note is that this article is over 2 1/2 years old. In fact, wages for high school graduates with no college educations  have been rising since 2014.  And what you completely failed to acknowledge is that Donald Trump and the Republicans are opposed to raising the minimum wage. Not only that, but Trump's prospective Secretary of Labor believes that someone making a salary of a little less than 24,000 per year is not entitled to overtime pay. 

Edited December 24, 2016 by ilostmypassword

[Boon Mee]

29 minutes ago, ilostmypassword said:

What you failed to note is that this article is over 2 1/2 years old. In fact, wages for high school graduates with no college educations  have been rising since 2014.   

That's odd.  

The following dateline:  

By 

CHRIS KIRKHAM

Dec. 21, 2016 5:30 a.m. ET

Almost 40% of young Americans were living with their parents, siblings or other relatives in 2015, the largest percentage since 1940, according to an analysis of census data by real estate tracker Trulia.

http://www.wsj.com/articles/percentage-of-young-americans-living-with-parents-rises-to-75-year-high-1482316203

[ilostmypassword]

1 hour ago, Boon Mee said:

That's odd.  

The following dateline:  

By 

CHRIS KIRKHAM

Dec. 21, 2016 5:30 a.m. ET

Almost 40% of young Americans were living with their parents, siblings or other relatives in 2015, the largest percentage since 1940, according to an analysis of census data by real estate tracker Trulia.

http://www.wsj.com/articles/percentage-of-young-americans-living-with-parents-rises-to-75-year-high-1482316203

HOw does that contradict what I wrote?

And did you read the article? Here one of the earlly paragraphs?

Despite a rebounding economy and recent job growth, the share of those between the ages of 18 and 34 doubling up with parents or other family members has been rising since 2005. Back then, before the start of the last recession, roughly one out of three were living with family...

Analysts point to rising rents in many cities and tough mortgage-lending standards as the culprit, making it difficult for younger Americans to strike out on their own.

 

Do you really think it's a good idea to go back to the lax mortgage standards  that prevailed before the crash?  Do you even recall the crash?  Do you know what a CDO is? Do you recall what those led to?

Edited December 24, 2016 by ilostmypassword

[Boon Mee]

1 hour ago, ilostmypassword said:

HOw does that contradict what I wrote?

And did you read the article? Here one of the earlly paragraphs?

Despite a rebounding economy and recent job growth, the share of those between the ages of 18 and 34 doubling up with parents or other family members has been rising since 2005. Back then, before the start of the last recession, roughly one out of three were living with family...

Analysts point to rising rents in many cities and tough mortgage-lending standards as the culprit, making it difficult for younger Americans to strike out on their own.

 

Do you really think it's a good idea to go back to the lax mortgage standards  that prevailed before the crash?  Do you even recall the crash?  Do you know what a CDO is? Do you recall what those led to?

The housing market debacle was brought on by the relaxed standards w/regard to obtaining a loan.  Dubya was pressured into capitulating to the liberal forces who wanted every Tom, Dick & Harry to get a mortgage regardless of their lousy credit.

 

[Opl]

 

A reasonably complete statistical picture of the Obama years, which began in the middle of the worst economic downturn since the Great Depression, and ended with the highest level of household income ever recorded.

The numbers are nearly all in now. What they show about what really happened during the eight years that Barack Obama was president is sometimes different from what politicians claimed.

http://www.factcheck.org/2017/09/obamas-final-numbers/

 

Edited October 6, 2017 by Opl

[funandsuninbangkok]

Stock market collapsed when it became apparent Obama would win. Market was correct in anticipating he was an idiot economically. 

 

Market is booming now that Trump won. See him as understanding business. 

[heybruce]

On 10/6/2017 at 1:42 AM, funandsuninbangkok said:

Stock market collapsed when it became apparent Obama would win. Market was correct in anticipating he was an idiot economically. 

 

Market is booming now that Trump won. See him as understanding business. 

Global economy was collapsing well before the election outcome was known.  The economy has been improving since Obama took office in 2009.

 

But don't let facts get in the way of your fantasy.