I don't what is going on everywhere else, but the economy is fine here. Building is booming. No real estate inventory (Sellers market). It's all looking good.
people aren't selling though, there's a good reason why people aren't selling. i would agree that some areas are doing well but overall these dismal numbers aren't good for the nation.
We basically traded 10 years worth of anemic growth and recovery to avoid 5 years of depression-level disaster.
Whether it was a good trade or not depends on what kind of job you had then, and have now.
We basically traded 10 years worth of anemic growth and recovery to avoid 5 years of depression-level disaster.
Sorry, but we're 8 years in. You've got to own this grease fire of a recovery. GDP at a standstill isn't a relative thing that can be explained away because someone has a bad attitude.
We haven't avoided it. Just delayed it a little. The govt can't continue to spend spend spend!
And your 5 years of depression level disaster would be over now and we might actually have some sound fiscal policy.
How about reducing the national debt? Seems to me that Truman was the last to actually reduce the national debt.There's a ton of cash sitting on the sidelines. Corporations aren't afraid to invest because of regulation or taxes -- that is a complete myth. They are not investing because they don't see the level of consistency in the economic recovery they need to see to figure it is worth the risk.
We are at some point going to hit 2.5 % or better GDP and things will take off like a freight train out of Hades. Hope you are along for the ride!
Now, as to federal spending, that is its own problem. Both parties have gone overboard on that, spending on their respective political constituencies. And in fact the only two presidents in the last 50 years to reduce the deficit are Bill Clinton and Barack Obama.
Depends upon where you are. I have been trying to sell a house for 6 months, 2,300+ sq. ft. for $67 a square foot. The average house in Tennessee sells for $67 a square foot. The average house in my county sells for $53 a square foot. The estimate on Zillow is within $1,000 of my asking price.I don't what is going on everywhere else, but the economy is fine here. Building is booming. No real estate inventory (Sellers market). It's all looking good.
Reducing the deficit is nothing. That is like saying that 3 years ago you owed $500,000, and 2 years you owed $510,00, and last year you owed $515,000. This year you will owe $518,000.Lots of waste, some abuse.
Reducing the deficit is nothing. That is like saying that 3 years ago you owed $500,000, and 2 years you owed $510,00, and last year you owed $515,000. This year you will owe $518,000.
Wow! You reduced your spending deficit by 50% last year. Instead of going $10,000 in the hole, you are only going $5,000 more in the hole. And you are going to reduce it by an additional 40% this year. Instead of going $5,000 more in the hole, you are only going $3,000 more in the hole. Sounds like you have it under control, doesn't it?
how do businesses hire with low growth yet obama's treasury is getting records taxes.
i thought we could tax our way to prosperity?
There's a ton of cash sitting on the sidelines. Corporations aren't afraid to invest because of regulation or taxes -- that is a complete myth. They are not investing because they don't see the level of consistency in the economic recovery they need to see to figure it is worth the risk.