Even Romney has acknowledged that the economy is in fact improving. Glad to hear of all that hiring going on in the oil indusstry. I saw on the news last night that several automakers are hiring, also. They said Nissan is looking to hire 1,200 workers in Tennessee and 150 in Mississippi. Chrysler is also hiring.
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Michael Psycle
1992 Harley Davidson FXR
Ever since Ronald Reagan the Republican party has become the no tax but spend party. Every time they get into power, they lower taxes and raid the till. They became the party of total fiscal irresponsibility. The Bush years were inexcusable. Compare the Bush and Clinton years and the contrast is stark.
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Michael Psycle
1992 Harley Davidson FXR
Ever since Ronald Reagan the Republican party has become the no tax but spend party. Every time they get into power, they lower taxes and raid the till. They became the party of total fiscal irresponsibility. The Bush years were inexcusable. Compare the Bush and Clinton years and the contrast is stark.
Don't forget to thank your Congressmen for fvcking things up also.
With the national jobless rate now at 8.3 pct (the lowest in 3 years), the US has added 243,000 jobs in January alone, Dow has reached a 4 year high and Nasdaq is at an 11 year high.ClickyClick
There are no doubt wingnuts on this forum who will continue to whine for twisted and unsubstantiated reasons.
You won't hear the oil patch whining, though,... that's because we're working full tilt and have more work than we can handle. Take the Permian Basin for instance; it is booming.
Need a good paying job? Go to Midland and work in the oil patch. They are hiring all skill levels. Clicky
Midland, Texas, the hub of the Permian Basin, is like it was in the '70's. ClickyClick
Midland's unemployment rate is 4.1%.
They are hiring like crazy in Midland. I was there a couple of weeks ago and its very difficult to even get a room (had to reschedule the trip), and the prices everywhere have skyrocketed because of the demand. The whole town is full of vehicles with out of state plates.
Eagle Ford shale play is also a big boom in south Texas. Its been fantastic for jobs. They too are hiring like crazy. MWD and RSS services make this type of drilling possible.
There are many others.
So are you giving credit to Bush or Obama for this booming energy economy?
Sure it's picking up some....but after a trillion dollars spent by Obama I would have expected more....ALOT more! And further....just because the stock market is up....and other things that Obama might be trying to take credit for, the reality is that a good number of people have had to take lesser paying job just to be employed or get off unemployment. Factor in gas and food prices, which conveniently Obama does not, and we're not in a great place....slight improvement, maybe....but please let's take everything that the liberal media spews out with a grain (or POUND) of salt!
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"Life's too Short for Bad Paint"
Yeah but how much has the cost of living there risen to? My company delivers to the oil patch in ND and the cost for everything is sky-high.
Cost of living is higher, no doubt; every boom town is. How much higher, I really don't know.
I hear that ND is having such an oil boom that its overrunning their infrastructure. Hopefully, there's a lot of construction going on to build it up. I've never been to ND. Is their drilling season in the winter time like the Canuks?
GM just added a shift in Wentzville MO and will add a 1500 employee two shift line later this year.
The right took its cue from Rush some time ago, better to see the country in the $hitter than growing under Obie. The true patriot way.
Chrysler is adding a third shift here near Chicago after investing 700 million dollars to expand their plant and hiring 1,800 people. I guess our union wages and high taxes doesn't mean too much. Go Union!
Sure it's picking up some....but after a trillion dollars spent by Obama I would have expected more....ALOT more! And further....just because the stock market is up....and other things that Obama might be trying to take credit for, the reality is that a good number of people have had to take lesser paying job just to be employed or get off unemployment. Factor in gas and food prices, which conveniently Obama does not, and we're not in a great place....slight improvement, maybe....but please let's take everything that the liberal media spews out with a grain (or POUND) of salt!
I agree with you. It is an election so most of the good news will be BS.
We've actually taken some small steps backward in the NY economy, but that's just us, the national economy (IMO) does to be ticking slightly upward in the first half of this quarter.
That's a good thing, because the FED simply cannot lower interest rates any more than they have. After QE1, QE2, and QE3, the liquidity is floating the economy on borrowed money (again).
There are still some serious problems, and none of them are getting addressed.
1) The US just borrowed another 1.2 Trillion to get us through to the election.
2) The number of unemployed who have given up looking for a job is staggering, the percentage of people of working in ratio to the population is still falling.
3) The unemployment rate for teens, and in particular minority teens isn't moving.
4) The payroll tax cut stimulus is a scam, it's basically funneling money from SSI to walmart. It only hastens the time when SS will go bankrurpt.
5) Social unrest is coming to this country in 2012 (IMO), if I'm right it will rock the markets, send commodities skyrocketing, and push money offshore.
All-in-all, the economy, probably growing at about 1-1/2% is living on MORE borrowed money. You would hope that all of that stimulus would have pushed us into a lot more growth (The President had banked on 5% growth from 2009-2013), but it isn't happening, in fact we're not even close.
If you look at the deficit in California you'll see that the entire thing is a house of cards. I'm not blaming one party over the other, they're both guilty of kicking the can down the road in an election year. But if you want to really know what's happening you have to look at the housing market.
With interest rates at 3-4% the market should be heating up. It's not. Construction is tepid, more people are renting than ever before, and foreclosures are increasing.
The real estate market has been immune to the FED's stimulus because it's "real" property, you can't fudge the numbers, even in an election year.
Finally, from my own perspective, I've seen a slight increase in Construction related spending, but I've also seen an increase in construction lay-offs. I hope to see things pick up in the spring as companies start to book summer construction, but I haven't seen it (up North) yet.
I hope to see things pick up in the spring as companies start to book summer construction, but I haven't seen it (up North) yet.
Not seeing it out here, either. Lumber yards and paint stores, as an example, are no where near 2006 levels of customer traffic. Last month Lowes closed another store.
__________________ I am not an obnoxious, antagonistic right wing extremist - there is still a little more to learn.
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