Thread: The strongest economy in the world

Originally Posted by Black Heart

I know people using SNAP/Food stamps who doing OK financially.

Then they are committing fraud.

Originally Posted by bsnub

Originally Posted by Black Heart

I know people using SNAP/Food stamps who doing OK financially.

Then they are committing fraud.

For some it's fraud and for many, they actually do qualify.

Originally Posted by Black Heart

for many, they actually do qualify.

Bollocks

How so? Why are record numbers on food stamps since GWB changed qualifications to rewceive them?

GWB's nickname was the "food stamp President."

One of many factors telling us that "things ain't so great." This can be related to the 'Obama news thread' where some think the US economy is improving. Sure, Seattle is in good shape - if you can afford to live there. But not in most places of the US are things going well, economically.

A shattered foundation

The housing crisis ransacked Prince George’s County, crushing aspirations of black wealth
Story by Michael A. Fletcher


Published on January 24, 2015

African Americans for decades flocked to Prince George’s County to be part of a phenomenon that has been rare in American history: a community that grew more upscale as it became more black.

The county became a national symbol of the American Dream with a black twist. Families moved into expansive new homes, with rolling lawns, nearby golf courses and, most of all, neighbors who looked like them. In the early 2000s, home prices soared — some well beyond $1 million — allowing many African Americans to build the kind of wealth their elders could only imagine.

DASHED DREAMS: This is the first part in a series looking at the plight of the black middle class, particularly in Maryland’s Prince George’s County, the nation’s highest-income majority-black county.
Part 2: Half of the loans on newly constructed homes in one Prince George’s County subdivision during the housing boom in 2006 and 2007 wound up in foreclosure.
Part 3: The plight of the Boateng family, who face more than $1 million in debt, shows how some of the people swallowed up by the easy credit era have yet to reemerge.

But today, the nation’s highest-income majority-black county stands out for a different reason — its residents have lost far more wealth than families in neighboring, majority-white suburbs. And while every one of these surrounding counties is enjoying a strong rebound in housing prices and their economies, Prince George’s is lagging far behind, and local economists say a full recovery appears unlikely anytime soon.

The same reversal of fortune is playing out across the country as black families who worked painstakingly to climb into the middle class are seeing their financial foundation for future generations collapse. Although African Americans have made once-unthinkable political and social gains since the civil rights era, the severe and continuing damage wrought by the downturn — an entire generation of wealth was wiped out — has raised a vexing question: Why don’t black middle-class families enjoy the same level of economic security as their white counterparts?


The impact of the financial devastation of the past several years is hardly visible along the quiet, well-tended streets of many Prince George’s neighborhoods. The county has the highest foreclosure rate in the District region, yet few houses appear to be abandoned.

Instead, the slow-motion crisis operates mostly in private, limiting people’s options, constricting their vision and forcing a seemingly endless series of hard choices. Having your wealth vanish means making pivotal life decisions — about where to send your children to school, saving for college, making home improvements and setting aside something for retirement — knowing you have no financial leeway.

“This big gorilla on your back, it changes you,” said Fred Bryant, 40, who lives with his wife and two daughters in a brick-front Colonial featuring a one-acre lot, high ceilings, an impressive two-story foyer and a mortgage far higher than the house is worth. “Sometimes you find yourself boiling mad when you shouldn’t be.”

The American Dream shatters in Prince George?s County | The Washington Post

Originally Posted by Black Heart

Why are record numbers on food stamps since GWB changed qualifications to rewceive them?

A little thing called a global depression maybe??

Originally Posted by bsnub

Originally Posted by Black Heart

Why are record numbers on food stamps since GWB changed qualifications to rewceive them?

A little thing called a global depression maybe??

Back when GWB did it in 2002?

Was Bush the Best Food Stamp President?
Food stamp participation grew more under President George W. Bush's two terms than during President Obama's one.

George W. Bush: Was He the Best Food Stamp President? - The Root


What Republicans don’t want to acknowledge is the role they played in expanding the food stamps program before President Obama ever took office. The 2002 farm bill—passed by a Republican-controlled House and signed by Republican President George W. Bush—expanded the food stamps program. As the Wall Street Journal’s editorial page correctly noted yesterday, “The food-stamp boom began with the George W. Bush Republicans, who expanded benefits in the appalling 2002 farm bill.”

Food stamp growth started before Obama took office - Think Tanked - The Washington Post

Several good videos in this link.

Gallup CEO: Number of Full-Time Jobs as Percent of Population Is Lowest It’s Ever Been (Video)


Gallup CEO: Number of Full-Time Jobs as Percent of Population Is Lowest It?s Ever Been (Video) | The Gateway Pundit

Originally Posted by Black Heart

home prices soared — some well beyond $1 million — allowing many African Americans to build the kind of wealth

pretend money

The numbers will never be good enough for the haters though.

U.S. jobs created at fastest pace since 1997 - MarketWatch

WASHINGTON (MarketWatch) — The U.S. created 257,000 jobs in January and companies are hiring at the fastest pace since 1997, with evidence emerging that a rapidly improving labor market might finally be triggering higher wage growth.

The unemployment rate, meanwhile, edged up to 5.7% from 5.6%, but that’s because people looked for jobs. A healthier labor market typically draws more people into the labor force.

Hiring has boomed since last fall. The U.S. has added an average of 336,000 jobs in the past three months, the fastest clip since 1997 when the Internet economy was taking root. And job creation in November was revised up to show a whopping 423,000 gain, including the biggest spurt of private-sector hiring in 18 years, government figures show.

‘Boom’ — wages rebound and past months see massive revisions

Most industries added employees, another sign the U.S. has shifted into a higher gear even as major economies around the world struggle.

Originally Posted by Humbert

Most industries added employees, another sign the U.S. has shifted into a higher gear even as major economies around the world struggle.

It would be a godsend to many, if the numbers were true. Unfortunately they originated at a US government department.

"There are three kinds of lies: lies, damned lies, and statistics."
Benjamin Disraeli/Mark Twain

Originally Posted by OhOh

and statistics

it was originally called political mathematics

2614 posts. Has the US become a 3rd world country? Appears not. Much to the chagrin of the Seppo haters.

Originally Posted by OhOh

Unfortunately they originated at a US government department

And the way they are reported suddenly changed under Obama right?

Originally Posted by Humbert

Originally Posted by OhOh

Unfortunately they originated at a US government department

And the way they are reported suddenly changed under Obama right?

BamBam rote de numbas hisself, sez de knuckledraggers . . .


I wonder if these people know where the numbers actually originate and that the source cannot be fudged with by anyone who feels like looking good.

Let's see if they can find out . . .

The BLS is a governmental statistical agency that collects, processes, analyzes, and disseminates essential statistical data to the American public.

BLS data must satisfy a number of criteria, including relevance to current social and economic issues, timeliness in reflecting today’s rapidly changing economic conditions, accuracy and consistently high statistical quality, and impartiality in both subject matter and presentation.

In the UK the then government published a document which a number of people disagreed with. One of the contributors to the document went public with his disagreements, He was subsequently found in a field with blood all over him dead. Natural causes, murder or suicide?

Originally Posted by Norton

Has the US become a 3rd world country? Appears not. Much to the chagrin of the Seppo haters.

Youth unemployment?, ETB card recipient nos? No go zones, Militarised police force, debasing currency, pollution of water supply

It is not just the septics that are screwing the people, it's just that they like to flagellate in public.

Originally Posted by Humbert

suddenly changed under Obama right?

I feel a cold wind coming, lets "adjust" the numbers a little. Hey the Ice and snow suddenly appeared in mid winter what a surprise, lets "adjust" the numbers.

One "full" time payroll ( with benefits) now becomes two or three "full" time, zero hours with no benefits jobs, but free ETB cards to top up your loss of earned income.

Lets adjust the contents of our "inflation basket", out with steak, in with minced beef/ox skin, chunky ears and road kill.

Obama is not the first to manipulate the "news" he just happens to be today's coat hanger.

Originally Posted by Humbert

The numbers will never be good enough for the haters though.

U.S. jobs created at fastest pace since 1997 - MarketWatch

WASHINGTON (MarketWatch) — The U.S. created 257,000 jobs in January and companies are hiring at the fastest pace since 1997, with evidence emerging that a rapidly improving labor market might finally be triggering higher wage growth.

The unemployment rate, meanwhile, edged up to 5.7% from 5.6%, but that’s because people looked for jobs. A healthier labor market typically draws more people into the labor force.

Hiring has boomed since last fall. The U.S. has added an average of 336,000 jobs in the past three months, the fastest clip since 1997 when the Internet economy was taking root. And job creation in November was revised up to show a whopping 423,000 gain, including the biggest spurt of private-sector hiring in 18 years, government figures show.

‘Boom’ — wages rebound and past months see massive revisions

Most industries added employees, another sign the U.S. has shifted into a higher gear even as major economies around the world struggle.

I assume your referring to Boon and some others. I'm not one of the "hater gonna hate."

I still disagree with 300,000 jobs created in 3 months being a sign of a turnaround (yet).

If 550,000 jobs were created each month it would take over 5-6+ years to get back where employment was before the financial downturn / corruption fall.

And, what kind of jobs are being created? - that - is just as important.

We about 148,000 people entering the labour market every month because of graduation, jumping back into the labor pool, etc.

So, what kind of jobs, are these?


Low-wage jobs crowding out fatter paychecks
John W. Schoen
Monday, 28 Apr 2014
CNBC.com

AP

Millions of jobs lost to the recession have finally come back. But they're not paying nearly as well as they used to.

That's the conclusion of an analysis of Bureau of Labor Statistics data by the National Employment Law Project, which found that a large number of jobs created since the employment trough of 2010 pay less than the jobs they replaced.

Low-wage jobs crowding out fatter paychecks

Originally Posted by Black Heart

But they're not paying nearly as well as they used to.

but they pay substantially more than the majority in comparable jobs in other parts of the world

Originally Posted by Black Heart

Millions of jobs lost to the recession have finally come back. But they're not paying nearly as well as they used to.

You are right but it's a step in the right direction which is encouraging.

higher-paid tiers of the economy also displayed strength. Financial companies and insurance providers hired more than 22,000 additional workers, and the booming health care field gained another 38,300.

One notable weak spot was oil and gas extraction, as plunging energy prices prompted companies to lay off 1,900 workers, bringing total employment in the sector to 199,500. The public sector eliminated 10,000 jobs, including a 6,000 cut in employment by the federal government.

“The good news is that there was hiring across a wide range,” said Tara M. Sinclair, a professor of economics at George Washington University and chief economist at Indeed.com, one of the nation’s largest job-posting sites .“People worry about having too many low-end jobs being created,” she said. “But we need those jobs too.”


http://www.nytimes.com/2015/02/07/bu...ures.html?_r=0

Originally Posted by baldrick

Originally Posted by Black Heart

But they're not paying nearly as well as they used to.

but they pay substantially more than the majority in comparable jobs in other parts of the world

Let's compare the cost of living, user fees, and taxes.

Have you lived in the US?

On the edge. I've known people that fell off of the edge after losing their jobs recently.


If your rainy day fund is light, you have plenty of company.

According to a newly released report from Bankrate, 24 percent of Americans have more credit card debt than emergency savings, and 13 percent are not much better off—they don't have credit card debt but they don't have emergency savings either. Put another way, more than a third of Americans are living at risk of a financial crisis.

Entire: Look who's living on the financial edge

In the State of CA, foreign workers hired to process Americans’ unemployment applications. A perfect metaphor for Obama’s America.

Foreign workers fill hundreds of Sacramento-area IT jobs

Well, he did say he was going to fundamentally transform America, eh?

^ Just like the H1-B visas

Insourcing is what it is.