why is economy still bad?

I think Americans just ruined America. Everyone wants entitlements, but no one wants to pay taxes(or pay more taxes).Fightingfan

Did we run out of money to use articles? Anyway, this:

I think Americans just ruined America. Everyone wants entitlements, but no one wants to pay taxes(or pay more taxes).Fightingfan

George bush ruined america and it still cant be fixed. What can we each do for Obama to fix all the money losing that we each do everyday. I think if we each search our houses and wallets and purses we could give extra money and fix the economy before america runs out and we become chinas new kingdom. What do you think we should do?Minecrafts

This saddens me :/

The economy isn't great, but it could be a lot worse. Unemployment in 1933 was 25 percent !

You know i keep hearing and watching on the news how bad the economy is but i have to be honest i have not felt it nor am i struggling. I have been employed with the same company for the last 5 years and work has not slowed down one but. If anything there are more jobs now in my state than in the past 8-10 years....

[QUOTE="Kevlar101"]In the Great Deppression, it took Roosevelt over 10 years to fix the economy. Obama has had only 4 years. Give Obama some slack, I mean damn.CongressManStan

Not totally true, unemployment went from 25 percent in 1933 to 14.6 percent in 1940.

You know i keep hearing and watching on the news how bad the economy is but i have to be honest i have not felt it nor am i struggling. I have been employed with the same company for the last 5 years and work has not slowed down one but. If anything there are more jobs now in my state than in the past 8-10 years....

psdsoldier25

That may be your perception, but the country is a lot bigger than your town and the economic woes are very, very real. While some industries have done better than others over the last few years, we've all suffered one way or the other. I feel really bad for anyone coming out of college these days - you've worked your ass off for your education, but finding the necessary experience to kick-start your career will certainly be difficult these days.

[QUOTE="psdsoldier25"]

You know i keep hearing and watching on the news how bad the economy is but i have to be honest i have not felt it nor am i struggling. I have been employed with the same company for the last 5 years and work has not slowed down one but. If anything there are more jobs now in my state than in the past 8-10 years....

Ernesto_basic

That may be your perception, but the country is a lot bigger than your town and the economic woes are very, very real. While some industries have done better than others over the last few years, we've all suffered one way or the other. I feel really bad for anyone coming out of college these days - you've worked your ass off for your education, but finding the necessary experience to kick-start your career will certainly be difficult these days.

[QUOTE="Ernesto_basic"]

[QUOTE="psdsoldier25"]

You know i keep hearing and watching on the news how bad the economy is but i have to be honest i have not felt it nor am i struggling. I have been employed with the same company for the last 5 years and work has not slowed down one but. If anything there are more jobs now in my state than in the past 8-10 years....

Rich3232

That may be your perception, but the country is a lot bigger than your town and the economic woes are very, very real. While some industries have done better than others over the last few years, we've all suffered one way or the other. I feel really bad for anyone coming out of college these days - you've worked your ass off for your education, but finding the necessary experience to kick-start your career will certainly be difficult these days.

Very true, but with anything, you have to be conscious about the risks you're taking. Want to be a teacher? Ok, maybe you shouldn't saddle yourself with debt to go to a school that costs $30k/semester.

[QUOTE="Rich3232"][QUOTE="Ernesto_basic"]

That may be your perception, but the country is a lot bigger than your town and the economic woes are very, very real. While some industries have done better than others over the last few years, we've all suffered one way or the other. I feel really bad for anyone coming out of college these days - you've worked your ass off for your education, but finding the necessary experience to kick-start your career will certainly be difficult these days.

Ernesto_basic

Very true, but with anything, you have to be conscious about the risks you're taking. Want to be a teacher? Ok, maybe you shouldn't saddle yourself with debt to go to a school that costs $30k/semester.

Yeah i am aware that some places are feeling it a lot more than others. For instance my sister just graduated with a masters in business management or something like that and she has yet to find decent employment. I do feel kind of bad about the students coming out of college and not being able to find employment. I read somewhere that it is even worse for our veterans returning from Iraq and Afghanistan.psdsoldier25

It was probably due to the degree she chose that you sister didn't find decent employment.

Yeah i am aware that some places are feeling it a lot more than others. For instance my sister just graduated with a masters in business management or something like that and she has yet to find decent employment. I do feel kind of bad about the students coming out of college and not being able to find employment. I read somewhere that it is even worse for our veterans returning from Iraq and Afghanistan.psdsoldier25

The problem with people who get degrees in business management is that they expect to waltz in and start managing people (in other words, they have few, if any, skills to contibute). Ain't gonna happen. Prove your worth first....then MAYBE I'll consider letting you manage others.

All we can do is stabilize the defecit until the economy normalizes.

Right now there are a multitude of problems:

- Economy is bad.

- Less revenue from taxes. +Deficit

- More people collecting benefits. +Deficit

- Republicans unwilling to raise taxes. +Deficit

- Both sides unwilling to cut things. +Deficit

- Economic problems have cascaded through the entire world economy, so it will be a slow recovery process since the entire planet must recover.

Once the economies of the world recover, unemployment will fall, people will make more money, more revenue from taxes, less people collecting benefits, taxes would need to be raised marginally if at all, and few cuts would need to be made. Just a waiting game. Just a question of whether it will recover in 4 years and make Obama look good or recover in 5 or more years and make the next president look good.

By pretty much every measure, the economy has been in a constant recovery for the past 3 years. Still, if you want a run down of why the U.S. economy isn't recovering as fast or as strongly as desired:

• The ARRA (the thing that turned the Recession into a Recovery) was somewhat undersized and poorly designed, should have been twice as large by most economists' estimates and almost entirely made of increases in government spending rather than 1/3 tax cuts.
• The demand shock which caused the Great Recession was proportionally (meaning w.r.t to G.D.P.) more powerful than the demand shock which caused the Great Depression.
• The U.S. perceives itself to be in a national sovereign debt crisis even though it isn't, which negatively impacts consumer confidence. It also kills any further attempts at fiscal stimulus, and hurts investor confidence since investor's aren't sure whether the Senate can be trusted to manage the debt ceiling properly (you can thank the G.O.P. in 2010 for that). The Fiscal cliff has four possible outcomes - default, automatic contractionary policies, deliberate contractionary policies and a debt ceiling increase/elimination. The first three are bad for the economy and the last one is highly improbable.
• The Eurozone is in a national sovereign debt crisis that they can't get out off because of the stupidity of Germany's conservative party and they are a major trade partner of the U.S., which negatively impacts consumer and investor confidence.
• Several nations that are major trade partners (Canada, China) of the U.S. have extremely large housing bubbles that are threatening to burst in the near future, affects investor confidence.
• Inflation is extremely low, meaning that there's not much incentive to spend/invest rather than save and pay down debts.

Still, I've heard of projections suggesting that the U.S. will gain 12 million or so jobs during the next four years without any more stimulative policies, so the future for the country isn't actually as bleak as Chuck Norris or most people think. I'm a bit weary of that calculation since unless millions of Americans enter the labor force at the same time, gaining 12 million jobs would give the U.S. an obviously impossible negative unemployment rate.

[QUOTE="psdsoldier25"]Yeah i am aware that some places are feeling it a lot more than others. For instance my sister just graduated with a masters in business management or something like that and she has yet to find decent employment. I do feel kind of bad about the students coming out of college and not being able to find employment. I read somewhere that it is even worse for our veterans returning from Iraq and Afghanistan.SpartanMSU

It was probably due to the degree she chose that you sister didn't find decent employment.

coz no money

[QUOTE="psdsoldier25"]Yeah i am aware that some places are feeling it a lot more than others. For instance my sister just graduated with a masters in business management or something like that and she has yet to find decent employment. I do feel kind of bad about the students coming out of college and not being able to find employment. I read somewhere that it is even worse for our veterans returning from Iraq and Afghanistan.moneymatterz

The problem with people who get degrees in business management is that they expect to waltz in and start managing people (in other words, they have few, if any, skills to contibute). Ain't gonna happen. Prove your worth first....then MAYBE I'll consider letting you manage others.

You're absolutely right, there are quite a few people who feel entitled to a six-figure salary right out of school - especially those who have yet to build any marketable skills. In the highly competitive world we live in today, an MBA (not even a JD these days) isn't as unique as it once was. I'm not saying that you don't need one - I think you do if you want to be comparable to your peers - but you really need tangible skills that makes you marketable as a prospective employee. As far as management positions are concerned, I am of the belief that until you pay the costs to be the boss, you shouldn't expect to have it simply fall into your lap.

I'm going through the same thing with law school. Many of my peers are bright, competetive and tenacious individuals, but in this economy, you need something more than what the average law student can provide fresh out of school. My background is in information security - a burgeoning field of study - so I'm hoping to create my niche there, seeing as how there are few lawyers who are experts in that particular field. I came into law school with an established career - this is just something to augment it to the next level - so I'm not terribly worried about where I'm headed. Additionally, I've started a business, begun writing several books and have been consulting for a while now.

The economy isn't the govt.

The economy is the people (the private sector.)

Govt that tries to "help" usually does the opposite by creating huge agencies that suck down the public coffers and then tax everyone into the poorhouse to pay for it.

Healthy private sector comes from working society (electricity, gas, security, roads, etc) and just leaving it alone to grow and prosper.

The economy isn't the govt.

The economy is the people (the private sector.)

Govt that tries to "help" usually does the opposite by creating huge agencies that suck down the public coffers and then tax everyone into the poorhouse to pay for it.

Healthy private sector comes from working society (electricity, gas, security, roads, etc) and just leaving it alone to grow and prosper.

ZombieKiller7

\

this man is partly responsible.

economy sucks, wages stagnate, unemployment stays stubbornly high, and CEO's make record profits.

I think part of it is that companies learned to get by with less employees so even when they can afford to hire people they don't need to now

economy sucks, wages stagnate, employment stays stubbornly high, and CEO's make record profits.

Serraph105

What's wrong with a high employment rate?

[QUOTE="ZombieKiller7"]

The economy isn't the govt.

The economy is the people (the private sector.)

Govt that tries to "help" usually does the opposite by creating huge agencies that suck down the public coffers and then tax everyone into the poorhouse to pay for it.

Healthy private sector comes from working society (electricity, gas, security, roads, etc) and just leaving it alone to grow and prosper.

mattbbpl

Also, at least two of your examples of the "private sector/working economy" are paid for through taxes/government expenditures.

Govt can not give anyone anything which it does not first take from others.

It is a useful tool in pooling resources, for example street lights, roads, police, garbage etc.

However govt cannot "improve the economy" or anything of that sort, they first have to TAKE money from someone before they can do something with it, govt does not actually produce anything.

Even when they "fix the roads" they take mony from Peter and give it to Paul who shows up with his work crew to fix the road, and this is fine.

The problem arises when you have 80,000 agencies, mostly unknown by the public, while the govt has to squeeze every last bit out of the private sector just to service the interest on borrowing money to pay for them.

economy sucks, wages stagnate, employment stays stubbornly high, and CEO's make record profits.

Serraph105

The CEO is the company? Huh?

George bush ruined america and it still cant be fixed. What can we each do for Obama to fix all the money losing that we each do everyday. I think if we each search our houses and wallets and purses we could give extra money and fix the economy before america runs out and we become chinas new kingdom. What do you think we should do?Minecrafts

I assume Bush ruined Japan and Europe as well?

[QUOTE="mattbbpl"][QUOTE="ZombieKiller7"]

The economy isn't the govt.

The economy is the people (the private sector.)

Govt that tries to "help" usually does the opposite by creating huge agencies that suck down the public coffers and then tax everyone into the poorhouse to pay for it.

Healthy private sector comes from working society (electricity, gas, security, roads, etc) and just leaving it alone to grow and prosper.

ZombieKiller7

Also, at least two of your examples of the "private sector/working economy" are paid for through taxes/government expenditures.

Govt can not give anyone anything which it does not first take from others.

It is a useful tool in pooling resources, for example street lights, roads, police, garbage etc.

However govt cannot "improve the economy" or anything of that sort, they first have to TAKE money from someone before they can do something with it, govt does not actually produce anything.

Even when they "fix the roads" they take mony from Peter and give it to Paul who shows up with his work crew to fix the road, and this is fine.

The problem arises when you have 80,000 agencies, mostly unknown by the public, while the govt has to squeeze every last bit out of the private sector just to service the interest on borrowing money to pay for them.

[QUOTE="Minecrafts"]George bush ruined america and it still cant be fixed. What can we each do for Obama to fix all the money losing that we each do everyday. I think if we each search our houses and wallets and purses we could give extra money and fix the economy before america runs out and we become chinas new kingdom. What do you think we should do?Storm_Marine

I assume Bush ruined Japan and Europe as well?

[QUOTE="Storm_Marine"]

[QUOTE="Minecrafts"]George bush ruined america and it still cant be fixed. What can we each do for Obama to fix all the money losing that we each do everyday. I think if we each search our houses and wallets and purses we could give extra money and fix the economy before america runs out and we become chinas new kingdom. What do you think we should do?Minecrafts

I assume Bush ruined Japan and Europe as well?

the econosplosion goes back to carter. it can hardly be blamed on one person, and lack of positive action is as much the culprit as any specific negative action

Its because capitalism does not work and needs big government to prop it up.

Its because capitalism does not work and needs big government to prop it up.

osirisx3

[QUOTE="osirisx3"]

Its because capitalism does not work and needs big government to prop it up.

LiquidAjax

two world wars destroyed Europe and Asia and using slave labour in poor nations to keep costs low. 3.5 billion people live on less then 2 bucks a day and 1 billion people have to poop like animals because they are no public infrastructure. Pretty much the whole world runs on market econmy outside of maybe north Korea.