Obama Continues To Set A New Record

As I have read another economic article, one viewer stated, "Into his eight year and Obama and his Harvard education has not come up with one idea that didn't involve plunging us further into debt.....ten trillion dollars added to our America's debt for a less than 1% economic growth......the only thing Obama has created in abundance is poor people....(You would need sustained GDP @ 3%  for a period of time, to help offset 10 trillion $'s of additional debt.)

Jobs Numbers Look Good....

In many ways the economy does seem healthier. The number of new jobs created in the fourth quarter, for example, was the strongest of the year. You would have thought the economy was Booming, but we only had 0.7% GDP growth during the same 4th Quarter! Which points out these jobs were low paying & possibly part time work.

So this statement makes sense only if you assume that the newly created jobs are paying what the jobs lost were paying, or close to it.  In reality, wages for new jobs are less than those of jobs lost since 2008, meaning that while jobs exist, employees are being paid less and have less to spend.  Note that later in this Jeffry's article, that is exactly what is being pointed out.

And most corporations are more interested in improving their stock price, by making their earnings numbers and with stock buy-backs, instead of expanding the corporation.  So capital that could provide more and better paying jobs is being used to s**** up executives bonuses and reduce the number of shares outstanding (stock buy-back), which helps increase share value.

With GDP numbers this low, we will not know if we are in a recession until end of June 2016 (2 consecutive Negative GDP #'s). Maybe Obama wants the Economy to limp along until he is out of office. So as the Dollar falls and GDP dips into Negative territory, inflation rises, spending from business & consumers comes to a screeching halt, It may be 2019 before we can dig out of Obama's economic mess of debt created by the Obama Administration.

I think that the Obama economists can pencil whip the economic numbers enough to keep the GDP numbers slightly positive during the political season. Oil patch spending and layoffs are just now impacting the economy and the consumer is just now catching up enough from the lower energy prices to spend a little more. I think there might be enough juice left in the stock market for a sucker rally or three between the selloffs because of the FED's meddling to keep retirees shopping for a little longer; so I think a pronounced recession is more likely next year. Since this is an election year and this is in the political forum, if the dems had a worthy candidate they could continue this controlled economy for another term. Whichever loser wins the election, they'll inherit the blame for Obamanomics.