Obamaconomy!!!

Pandora said:
Didnt someone post a thread that december was better than expected?

What changed from then to now for the numbers to change so much?
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Ah, just some of those pesky facts and details. Don't get me wrong - I WANT to see our economy rebound, to do better. And it most likely will happen. It is incredibly resilient and with the magnitude of our total economy, even Obamanomics will be hard-pressed to keep it down for long. It may never recover to a healthy, robust economic machine post-Obama, but it will improve from where it is.

Then again, not to say it couldn't get much, much worse in the meantime....
 
Werbung:
TruthAboveAll said:
Ah, just some of those pesky facts and details. Don't get me wrong - I WANT to see our economy rebound, to do better. And it most likely will happen. It is incredibly resilient and with the magnitude of our total economy, even Obamanomics will be hard-pressed to keep it down for long. It may never recover to a healthy, robust economic machine post-Obama, but it will improve from where it is.

Then again, not to say it couldn't get much, much worse in the meantime....
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Great to see you posting, I hoped you would be back around :)


I want things to get better too. I want to retire some day :)
 
Latest Obama Chickens 1/15/2010

WASHINGTON (AP) -- The spending power of families is being squeezed, government data showed Friday, highlighting doubts about consumers' ability to drive the economic rebound.

Workers saw their inflation-adjusted weekly wages fall 1.6 percent last year -- the sharpest drop since 1990 -- even as consumer prices rose only modestly. Slack pay and scarce job growth, along with tight credit and a rising savings rate, are holding back spending. That's hindering the recovery.


Obama just delivered coal for Christmas and the
liberal media failed to report it.
 
There goes Mr. Misdirection asur again wanting so badly to bet against America he misses the facts.

Ford Sales Up 33% in December, Market Share Increased in 2009

Ford Sales Up 33% in December, Market Share Increased in 2009.Ford ended 2009 with its highest sales month since May 2008 while gaining its first year-end market share gain since 1995.

Sales were up in every product category in December 2009 as Ford recorded a 33 percent sales increase compared to the same month in 2008.


CNN Money.com

UPDATE: US Holiday Sales Up 2.3% Behind Strong December

January 14, 2010

DOW JONES NEWSWIRES

NEW YORK -(Dow Jones)- U.S. retailers ended up having a decent Christmas, with holiday sales at the high end of modest expectations as consumers let loose some pent up demand and retailers carefully managed inventories and promotions.

Retail sales rose 3.4% in December from the year before, the Commerce Department said Thursday. Combined with a 0.9% gain in November, retail sales rose 2.3% to $509.3 billion year-over-year for the two-month holiday period, to $446.8 billion, the Commerce Department said.

The National Retail Federation, which calculates its figures a bit differently, said retail sales during December and November increased 1.1% to $ 446.8 billion.

Both showings omit auto, gasoline and restaurant tallies and compare to 2009 holiday sales estimates that generally fell between a 1% drop, which the National Retail Federation predicted, and a 2.6% increase projected by retail consulting and analysis firm Customer Growth Partners.

The numbers follow a 3.4% decline in year-over-year sales during holiday 2008 amid the global economic crisis and indicate that consumers are willing to open their wallets, so far by just a bit.

The holiday sales figures will be part of fourth-quarter results that major retailers begin reporting next month. Expectations are looking better for them with the sales increase and after many offered modest outlooks for the period, saying that business in November started off slowly. Most retailers' fourth quarter runs from November through January.

Many retail sectors showed a snapback in December after big declines the prior year. Home furnishings and home improvement stores fared much better due in part to some signs the housing market may be stabilizing. Apparel was strong, as women released some pent-up demand after making their clothing last for a couple of years.

Online sales, which account for a small but growing amount of retailers' sales, was the only category to see double-digit percentage sales growth during December from a year ago.

General merchandise stores, which include department stores like Macy's Inc. ( M), mass merchants, like Wal-Mart Stores Inc. (WMT), and discounters like Dollar General Corp. (DG), gained 1.9%. Of the mass-merchant group, department stores continued to struggle, dropping 1.5% from December 2008. The department store figures, when cast against a better showing by lower-cost mass merchandisers and discounters, show, "The middle income and even upper-level customer continues trading down," said Patricia Edwards, founder of investment management firm Storehouse Partners LLC.

Higher end consumers do appear to still be struggling, with delinquencies on U.S. prime jumbo residential-backed securities nearly tripling in December to 9.2% from a year earlier, Fitch Ratings said Thursday.

Sales by miscellaneous retailers, which count office suppliers like Staples Inc. (SPLS) as one of their biggest components, rose 5.5% in December, a potentially positive sign for employment if momentum can continue.

Electronics and appliance store sales dropped 0.7%, which economists said was not too bad given significant drops in prices for televisions and computers over the last year. The group includes Best Buy Co. (BBY).

Nonstore retailers, whose largest component is online, rose 11.7%. Internet sales were aided in December by Black Friday, the Friday after Thanksgiving, because it fell very late in November this year and most retailers don't book the sales until they ship the product.

Home furnishings stores fell 3.2%, and home improvement stores like Home Depot Inc. (D) declined 5.5% after dropping by double digit percentages in December 2008.

Apparel sales rose 7%, after two down years. The retail category that includes toys and sporting goods rose 3.9%.


 
The truth...

2010-01-15-digest-cartoon.jpg
 
More proof Obama Policies don't work.


http://finance.yahoo.com/news/Obama...9.html?x=0&sec=topStories&pos=4&asset=&ccode=


WASHINGTON (AP) -- President Barack Obama's plan to fix the foreclosure crisis has been a dud, putting the housing market recovery at risk.

Hopes were over-inflated when Obama unveiled the program before an adoring audience of Arizona high school students last February. Almost a year later, it appears only about 750,000 homeowners -- a fraction of the 3 million to 4 million originally projected -- might complete the application process, predicts Mark Zandi, chief economist at Moody's Economy.com.
 
The bad economic news just keeps piling up. This in the liberal Washington Post yesterday and from the liberal Economic Policy Institute (the head of which is DF Bidens' chief economic advisor).

U.S. unemployment rate for blacks projected to hit 25-year high
By V. Dion Haynes
Washington Post Staff Writer
Friday, January 15, 2010

Unemployment for African Americans is projected to reach a 25-year high this year, according to a study released Thursday by an economic think tank, with the national rate soaring to 17.2 percent and the rates in five states exceeding 20 percent.

Blacks as well as Latinos were far behind whites in employment levels even when the economy was booming. But throughout the recession, the unemployment rate has grown much faster for African Americans and Latinos than for whites, according to the study by the Economic Policy Institute. Moreover, the unemployment gap between men and women has reached a record high -- with men far outpacing women in joblessness.




http://www.washingtonpost.com/wp-dyn/content/article/2010/01/14/AR2010011404085.html
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Looks like the Right Wing in here is more off base than even Bill'O the clown! Now that's saying something!!!:D

Even he gives President Obama a solid "B" on jobs and the economy.


 
What's sad is that Obama has put much of the stimulus spending towards green
jobs, which are a scam.

Green jobs are part of the unemployment problem.

After the latest bad unemployment report came out
Obama immediately announced that the U.S. government was going to
spend another $2.3 billion on tax credits for “green jobs.”

So his current jobs plan is to continue his policy that has been a failure for real people!
Jobs aren't coming back under Obama and I don't think he wants them to.

It was interesting that he used a conservative policy (tax credits) to spur green jobs though.
 
asur said:
It was interesting that he used a conservative policy (tax credits) to spur green jobs.
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I don't see anything conservative about tax credits, they are no different than subsidies for certain special interest groups at the expense of everyone else. Genuine conservative policy would be a lowering of tax rates across the board.
 
Top Gun - You have a lack of understanding of cars like Obama

Obama will never sell as many cars as George Bush did.
Even in Obama's first year(2009) he has sold less than George Bush did
in his last year(2008).


27ydaqf.jpg


People in the liberal media like the Huffington Rag thought Obama was gonna increase sales! Idiots!

http://www.huffingtonpost.com/steve-parker/2008-car-sales-every-carm_b_155480.html

The execs also said that, "When the Obama Administration comes in, there's likely to be a long honeymoon period, and a lot of excitement because of the change he's promised, and for us, he's coming at a perfect time." They also have high hopes for Obama's choice for Treasury Secretary, Timothy Geithner, now head of the NY Federal Reserve.


Huffington Post is wrong in just about every article and is full of liberal propaganda.
The Huffington Post is full of idiots!
 
Werbung:
Yes Gipper, Obama policies have really harmed the black family.


U.S. unemployment rate for blacks projected to hit 25-year high
By V. Dion Haynes
Washington Post Staff Writer
Friday, January 15, 2010

Unemployment for African Americans is projected to reach a 25-year high this year, according to a study released Thursday by an economic think tank, with the national rate soaring to 17.2 percent and the rates in five states exceeding 20 percent.

Blacks as well as Latinos were far behind whites in employment levels even when the economy was booming. But throughout the recession, the unemployment rate has grown much faster for African Americans and Latinos than for whites, according to the study by the Economic Policy Institute. Moreover, the unemployment gap between men and women has reached a record high -- with men far outpacing women in joblessness.




http://www.washingtonpost.com/wp-dyn...011404085.html
Click to expand...
 
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