Post subject: Re: Apparently people care...the ongoing saga of the US Economy!
Posted: Fri Nov 30, 2012 4:55 am
Menace to Dogciety
Joined: Sat Oct 16, 2004 11:54 pm Posts: 12287 Location: Manguetown Gender: Male
Here in Brazil inflation is getting annoying, a lot of spend are being blown on big projects that never get finished, companies are taking populist decisions that fuck up their profibility due to goverment pressure...history rhymes.
_________________ There's just no mercy in your eyes There ain't no time to set things right And I'm afraid I've lost the fight I'm just a painful reminder Another day you leave behind
Post subject: Re: Apparently people care...the ongoing saga of the US Economy!
Posted: Tue Dec 04, 2012 6:49 am
Administrator
Joined: Sat Oct 16, 2004 10:51 pm Posts: 14534 Location: Mesa,AZ
Green Habit wrote:
$úñ_DëV|L wrote:
It's amusing to read my posts from like four years ago, and see how much my views have changed.
I'd be interested to head an elaboration.
Like, for example, in my first post in this thread I said how stupid it would be to raise the capital gains tax. Now I don't really see why it should be taxed less than any other income, and I don't really buy the argument that raising it to the normal level would hurt investment.
_________________
John Adams wrote:
In my many years I have come to a conclusion that one useless man is a shame, two is a law firm, and three or more is a congress.
The unemployment rate ticked down to 7.7 percent in November, but the economy continued to showed vulnerability in the face of sweeping tax hikes and spending cuts hitting as early as next month.
The Labor Department's latest monthly report, the first since the presidential election, underscored how ill-equipped the economy is to withstand the looming fiscal crisis -- which economists warn could send the country plunging back into recession unless lawmakers avert it.
The report showed the economy added a modest 146,000 jobs in November. On the positive side, the government said Superstorm Sandy had only a minimal effect on the figures.
But while the jobless rate fell from 7.9 percent to 7.7 percent, the lowest since December 2008, the dip was in large part due to people giving up the job hunt. The government also said employers added 49,000 fewer jobs in October and September than initially estimated.
On balance, the report reflected what has been the case for months -- an economic recovery far weaker than the typical post-recession burst, though one still headed in the right direction.
Is it true the economy is doing worse? Economy articles so often focus on unemployment rates and jobs added numbers. Which other figures are there to determine an economy's progress, or lack thereof?
_________________ No matter how dark the storm gets overhead They say someone's watching from the calm at the edge What about us when we're down here in it? We gotta watch our backs
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