JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

  1. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to NowWhatDoYouWant's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:

    [QUOTE]Reality rarely intrudes on high road's Planet Moonbat.......Bizarro Political World, you might call it Carter was a conservative, Reagan a tax hiking liberal,  the economy was great but then went bad under Reagan, until the Dems raised taxes, or something... And,  last and definitely least, the Obama stimulus saved us all from the Great Depresson and ever since, the economy has been wonderful under Obama's fiscal conservtism...[/QUOTE]

    How does this incoherent rant disprove the factual assertions posted by high-road?

     

    [/QUOTE]

    Facts? You call those facts?

    i'll tell you a fact. I spent hours in gas lines in the wee hours of the morning, freezing my tookis.

    now, I ask you.  What successful fact within the Carter presidency was responsible for my having to take such action?

     
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  4. You have chosen to ignore posts from ComingLiberalCrackup. Show ComingLiberalCrackup's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

    Failed, didnt it?

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

    Carter sounds like a regular Barry Goldwater....

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

     
  5. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

    Failed, didnt it?

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

    Carter sounds like a regular Barry Goldwater....

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

     
  6. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

    Failed, didnt it?

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

    Carter sounds like a regular Barry Goldwater....

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

    [/QUOTE]

    You said the booming Reagan economy succeeded.  I think this is wrong because it implies the economy succeeded based on Reagan's policies, which is incorrect.  I am backing up my assertion with the fact that GDP growth was negative for four of the six quarters immediately following the enactment of the policy.  Further evidence - the boom did not begin until the policies began to be repealed.

    To recap - Carter's policy was not fully implemented because the results were so successful.  Reagan's were not fully implemented because the results were so disastrous.

     
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  8. You have chosen to ignore posts from DirtyWaterLover. Show DirtyWaterLover's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

    "the recovery started in 2009..."

    Yes, the recession ended in 2009, followed by  5 years of utter failure of Obama economic policies... worst economic recovery since the 1930s...

    The Government being the problem, not the solution...thank goodness the "Party of No" kept us from even more failed porkulus Government stimulus....

    [/QUOTE]

    You seem upset at the good economic news.  I would think you'd be happy.  Usually after dems have finished cleanin up the messes left by republicans, voters start to forget how bad things were and start buying into the scare tactics of republicans, only to watch them tear the country down again.

     
  9. You have chosen to ignore posts from seawolfxs. Show seawolfxs's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!


    And a record number of months where more people have left the workforce and become part time workers than jobs created, and even worse since too many. We're gov jobs

    only socialists and progressives can stick their heads up their backsides so far

     
  10. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to high-road's comment:


    In response to ronreganfan's comment:



    In response to high-road's comment:
    In response to ronreganfan's comment:


     


    [QUOTE]
    Recession isn't the only problem economies face. Stagflation is what Reagan inherited. It was largely caused by Carter trying to cram alternative energy down our throats.


     



    sound familiar?


    It doesn't sound familiar because it simply isn't true ... in fact it's the exact opposite of what Carter did.


     


    ... the Energy Policy and Conservation Act of 1975, gave Presidents the authority to deregulate prices of domestic oil, and Carter exercised this option on July 1, 1979, as a means of encouraging both oil production and conservation.
    The Carter Administration remained fiscally conservative during both growth and recession periods, vetoing numerous spending increases while enacting deregulation in the energy and transportation sectors and sharply reducing the top capital gains tax rate.


     


    He followed the exact policies which wingnuts constantly push for ... and for that ya'll are attacking him ... which means you are attacking your own economic policies.


     


    Pretty funny  ... huh?


     




    Carter fiscally conservative?


     


    there is history, then there is your imagination.  


     


    I think your doctor gave you something to take so you could tell the difference between the two.


     


     





    Listen, either produce some facts, evidence or specific legislation to rebut the facts as I laid out ... or just shut your piehole.


     


     


     


     


    Your ideological invectives, absent any supporting evidence, is nothing but a load of horsehockey ... like-minded folks will love to wallow in it but discerning adults see it for what it really is.


     


     


     


    And I didn't say Carter was 'conservative' but he did follow the very policies that conservatives keep pushing ... deregulation, privatization, tax cuts ... and for that ya'll attack the guy. If Carter had a different letter after his name ya'll would think he was the best PotUS since Lincoln.


    [/QUOTE]

    I've provided facts, you ignore them: the labor participation rate, how the u-3 works, population growth, the increase in the number of people permanently unemployed under Obama.  It is all there.


    so, here is what we have from you: break out the band! Jobless claims at lowest level in seven years!


    though that is a fact, it is a meaningless one. I laid out the true economic picture that you need to pay attention to to put that "fact" into perspective.  Your loss if you want to cling bitterly to your failed president.

     
  11. You have chosen to ignore posts from seawolfxs. Show seawolfxs's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ronreganfan's comment:
    [QUOTE]

    In response to high-road's comment:

    [QUOTE]

     

     

    In response to ronreganfan's comment:

     


    In response to high-road's comment:
    In response to ronreganfan's comment:

     

     

     

    [QUOTE]
    Recession isn't the only problem economies face. Stagflation is what Reagan inherited. It was largely caused by Carter trying to cram alternative energy down our throats.

     

     

     


    sound familiar?

     

    It doesn't sound familiar because it simply isn't true ... in fact it's the exact opposite of what Carter did.

     

     

     

    ... the Energy Policy and Conservation Act of 1975, gave Presidents the authority to deregulate prices of domestic oil, and Carter exercised this option on July 1, 1979, as a means of encouraging both oil production and conservation.
    The Carter Administration remained fiscally conservative during both growth and recession periods, vetoing numerous spending increases while enacting deregulation in the energy and transportation sectors and sharply reducing the top capital gains tax rate.

     

     

     

    He followed the exact policies which wingnuts constantly push for ... and for that ya'll are attacking him ... which means you are attacking your own economic policies.

     

     

     

    Pretty funny  ... huh?

     

     

     



    Carter fiscally conservative?

     

     

     

    there is history, then there is your imagination.  

     

     

     

    I think your doctor gave you something to take so you could tell the difference between the two.

     

     

     

     

     

     

    [/QUOTE]


    Listen, either produce some facts, evidence or specific legislation to rebut the facts as I laid out ... or just shut your piehole.

     

     

     

     

     

     

     

     

     

     

    Your ideological invectives, absent any supporting evidence, is nothing but a load of horsehockey ... like-minded folks will love to wallow in it but discerning adults see it for what it really is.

     

     

     

     

     

     

     

    And I didn't say Carter was 'conservative' but he did follow the very policies that conservatives keep pushing ... deregulation, privatization, tax cuts ... and for that ya'll attack the guy. If Carter had a different letter after his name ya'll would think he was the best PotUS since Lincoln.

     

    [/QUOTE]

    I've provided facts, you ignore them: the labor participation rate, how the u-3 works, population growth, the increase in the number of people permanently unemployed under Obama.  It is all there.

     

    so, here is what we have from you: break out the band! Jobless claims at lowest level in seven years!

     

    though that is a fact, it is a meaningless one. I laid out the true economic picture that you need to pay attention to to put that "fact" into perspective.  Your loss if you want to cling bitterly to your failed president.

    [/QUOTE]


    Pat's Fan lost in Jet Landau ways respect your view points, but ther is no having honest debates with these cave dwellers

     
  12. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to slomag's comment:
    [QUOTE]

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

    Failed, didnt it?

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

    Carter sounds like a regular Barry Goldwater....

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

    [/QUOTE]

    And, what was inflation during that time?

     
  13. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to seawolfxs' comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to high-road's comment:

    [QUOTE]

     

     

    In response to ronreganfan's comment:

     


    In response to high-road's comment:
    In response to ronreganfan's comment:

     

     

     

    [QUOTE]
    Recession isn't the only problem economies face. Stagflation is what Reagan inherited. It was largely caused by Carter trying to cram alternative energy down our throats.

     

     

     


    sound familiar?

     

    It doesn't sound familiar because it simply isn't true ... in fact it's the exact opposite of what Carter did.

     

     

     

    ... the Energy Policy and Conservation Act of 1975, gave Presidents the authority to deregulate prices of domestic oil, and Carter exercised this option on July 1, 1979, as a means of encouraging both oil production and conservation.
    The Carter Administration remained fiscally conservative during both growth and recession periods, vetoing numerous spending increases while enacting deregulation in the energy and transportation sectors and sharply reducing the top capital gains tax rate.

     

     

     

    He followed the exact policies which wingnuts constantly push for ... and for that ya'll are attacking him ... which means you are attacking your own economic policies.

     

     

     

    Pretty funny  ... huh?

     

     

     



    Carter fiscally conservative?

     

     

     

    there is history, then there is your imagination.  

     

     

     

    I think your doctor gave you something to take so you could tell the difference between the two.

     

     

     

     

     

     

    [/QUOTE]


    Listen, either produce some facts, evidence or specific legislation to rebut the facts as I laid out ... or just shut your piehole.

     

     

     

     

     

     

     

     

     

     

    Your ideological invectives, absent any supporting evidence, is nothing but a load of horsehockey ... like-minded folks will love to wallow in it but discerning adults see it for what it really is.

     

     

     

     

     

     

     

    And I didn't say Carter was 'conservative' but he did follow the very policies that conservatives keep pushing ... deregulation, privatization, tax cuts ... and for that ya'll attack the guy. If Carter had a different letter after his name ya'll would think he was the best PotUS since Lincoln.

     

    [/QUOTE]

    I've provided facts, you ignore them: the labor participation rate, how the u-3 works, population growth, the increase in the number of people permanently unemployed under Obama.  It is all there.

     

    so, here is what we have from you: break out the band! Jobless claims at lowest level in seven years!

     

    though that is a fact, it is a meaningless one. I laid out the true economic picture that you need to pay attention to to put that "fact" into perspective.  Your loss if you want to cling bitterly to your failed president.

    [/QUOTE]


    Pat's Fan lost in Jet Landau ways respect your view points, but ther is no having honest debates with these cave dwellers

    [/QUOTE]

    We assume their goals are the same as ours, to fix the system.  It is not. It is to destroy the system.

    "The structural causes of climate change are linked to the current capitalist hegemonic system," the declaration says. "To combat climate change it is necessary to change the system."

    Read More At Investor's Business Daily: http://news.investors.com/ibd-editorials/072414-710279-capitalism-endangered-by-green-lobby-eco-radicals.htm#ixzz38Tp4veu6
    Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

     
  14. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ronreganfan's comment:


    In response to slomag's comment:
    [QUOTE]


    In response to ComingLiberalCrackup's comment:
    [QUOTE]


    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!


    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."


    Failed, didnt it?


    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....


    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....


    Carter sounds like a regular Barry Goldwater....


    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...




    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.


     


    [/QUOTE]

    And, what was inflation during that time?


    [/QUOTE]

    About 5.5%.  Why?

     
  15. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:

    [QUOTE]

     

     

    In response to slomag's comment:
    [QUOTE]

     

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

     

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

     

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

     

    Failed, didnt it?

     

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

     

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

     

    Carter sounds like a regular Barry Goldwater....

     

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

     

     

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

     

     

     

    [/QUOTE]

    And, what was inflation during that time?

     

    [/QUOTE]

    About 5.5%.  Why?

    [/QUOTE]

    That's January(5.2 actually), and it climbed from there, month in, month out to what, something north of 13% by the latter portion of his term.

    that's some position you've staked out there.

     
  16. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:

    [QUOTE]

     

     

    In response to slomag's comment:
    [QUOTE]

     

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

     

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

     

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

     

    Failed, didnt it?

     

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

     

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

     

    Carter sounds like a regular Barry Goldwater....

     

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

     

     

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

     

     

     

    [/QUOTE]

    And, what was inflation during that time?

     

    [/QUOTE]

    About 5.5%.  Why?

    [/QUOTE]

    That's January(5.2 actually), and it climbed from there, month in, month out to what, something north of 13% by the latter portion of his term.

    that's some position you've staked out there.

    [/QUOTE]

    I don't understand your position.  The nine months following the stimulus inflation averaged about 5.5% and GDP growth was terrific.  Are you saying spending 23 billion dollars caused high inflation 18 months later?  Or did you just jump into a conversation without reading the posts?

     

     
  17. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:

    [QUOTE]

     

     

    In response to slomag's comment:
    [QUOTE]

     

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

     

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

     

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

     

    Failed, didnt it?

     

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

     

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

     

    Carter sounds like a regular Barry Goldwater....

     

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

     

     

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

     

     

     

    [/QUOTE]

    And, what was inflation during that time?

     

    [/QUOTE]

    About 5.5%.  Why?

    [/QUOTE]

    That's January(5.2 actually), and it climbed from there, month in, month out to what, something north of 13% by the latter portion of his term.

    that's some position you've staked out there.

    [/QUOTE]

    I don't understand your position.  The nine months following the stimulus inflation averaged about 5.5% and GDP growth was terrific.  Are you saying spending 23 billion dollars caused high inflation 18 months later?  Or did you just jump into a conversation without reading the posts?

     

    [/QUOTE]

    No, it didn't average 5.5%. Only two months, January and February of 77 where in the 5's, the rest were in the 6's. I don't see how you get an average of 5.5% out of that.

     The follow-on years, the years where you indicate Carter thought the stimulus did it's job, the inflation rate rose to 13%.

    If the stimulus didn't cause the inflation, what did? Business as usual?

    but, that is besides the point. The Carter years were terrible economically.  How do I know? I lived through them.  I sat in gas lines. I watched my savings evaporate. Here, read this assessment of the Carter economy. It covers it quite well.

    "Carter inherited a recession when taking office. First he tried to reduce unemployment by both increasing government spending and cutting taxes. However, when inflation skyrocketed in 1978 he changed his mind. He delayed tax cuts and vetoed the spending programs that he himself proposed to the Congress. Carter then tried to ease inflation by reducing money supply and raising interest rates. All of his efforts proved to be unsuccessful. Inflation and interest rates soon reached their highest levels since World War II.
    The rapid change in interest rates led to disintermediation of bank deposits, which sowed the seeds of the Savings and Loan crisis. Investments in fixed income were becoming less valuable. Holders of both bonds, and pensions being paid to retired people had their life savings wiped out. The stagnant growth of the economy (causing unemployment), in combination with a high rate of inflation, has often been called stagflation, an unprecedented situation in American economics. By 1979, public opinion polls had Carter's popularity lower then Richard Nixon's during Watergate, partly because of his inexperience and difficulties working with Congress."

    http://www.conservapedia.com/Jimmy_Carter

     
  18. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:

    [QUOTE]

     

     

    In response to slomag's comment:
    [QUOTE]

     

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

     

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

     

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

     

    Failed, didnt it?

     

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

     

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

     

    Carter sounds like a regular Barry Goldwater....

     

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

     

     

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

     

     

     

    [/QUOTE]

    And, what was inflation during that time?

     

    [/QUOTE]

    About 5.5%.  Why?

    [/QUOTE]

    That's January(5.2 actually), and it climbed from there, month in, month out to what, something north of 13% by the latter portion of his term.

    that's some position you've staked out there.

    [/QUOTE]

    I don't understand your position.  The nine months following the stimulus inflation averaged about 5.5% and GDP growth was terrific.  Are you saying spending 23 billion dollars caused high inflation 18 months later?  Or did you just jump into a conversation without reading the posts?

     

    [/QUOTE]

    No, it didn't average 5.5%. Only two months, January and February of 77 where in the 5's, the rest were in the 6's. I don't see how you get an average of 5.5% out of that.

     The follow-on years, the years where you indicate Carter thought the stimulus did it's job, the inflation rate rose to 13%.

    If the stimulus didn't cause the inflation, what did? Business as usual?

    but, that is besides the point. The Carter years were terrible economically.  How do I know? I lived through them.  I sat in gas lines. I watched my savings evaporate. Here, read this assessment of the Carter economy. It covers it quite well.

    "Carter inherited a recession when taking office. First he tried to reduce unemployment by both increasing government spending and cutting taxes. However, when inflation skyrocketed in 1978 he changed his mind. He delayed tax cuts and vetoed the spending programs that he himself proposed to the Congress. Carter then tried to ease inflation by reducing money supply and raising interest rates. All of his efforts proved to be unsuccessful. Inflation and interest rates soon reached their highest levels since World War II.
    The rapid change in interest rates led to disintermediation of bank deposits, which sowed the seeds of the Savings and Loan crisis. Investments in fixed income were becoming less valuable. Holders of both bonds, and pensions being paid to retired people had their life savings wiped out. The stagnant growth of the economy (causing unemployment), in combination with a high rate of inflation, has often been called stagflation, an unprecedented situation in American economics. By 1979, public opinion polls had Carter's popularity lower then Richard Nixon's during Watergate, partly because of his inexperience and difficulties working with Congress."

    http://www.conservapedia.com/Jimmy_Carter" rel="nofollow">http://www.conservapedia.com/Jimmy_Carter

    [/QUOTE]

    I didn't say anything about "follow-on years" - I pointed to the 3 quarters directly following the stimulus.  And it wasn't when inflation sky-rocketed that Carter "changed his mind" - it was 3 months after the stimulus passed, in 1977.  The facts don't match your conservapedia narrative.

    The prevailing opinion on the primary cause of inflation from the late 70s was supply shock from the energy shortage.  We passed an $800 billion stimulus in 2009 and haven't seen any inflation - why would a $23 billion stimulus have caused a double-digit spike?

     

     
  19. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:

    [QUOTE]

     

     

    In response to slomag's comment:
    [QUOTE]

     

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

     

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

     

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

     

    Failed, didnt it?

     

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

     

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

     

    Carter sounds like a regular Barry Goldwater....

     

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

     

     

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

     

     

     

    [/QUOTE]

    And, what was inflation during that time?

     

    [/QUOTE]

    About 5.5%.  Why?

    [/QUOTE]

    That's January(5.2 actually), and it climbed from there, month in, month out to what, something north of 13% by the latter portion of his term.

    that's some position you've staked out there.

    [/QUOTE]

    I don't understand your position.  The nine months following the stimulus inflation averaged about 5.5% and GDP growth was terrific.  Are you saying spending 23 billion dollars caused high inflation 18 months later?  Or did you just jump into a conversation without reading the posts?

     

    [/QUOTE]

    No, it didn't average 5.5%. Only two months, January and February of 77 where in the 5's, the rest were in the 6's. I don't see how you get an average of 5.5% out of that.

     The follow-on years, the years where you indicate Carter thought the stimulus did it's job, the inflation rate rose to 13%.

    If the stimulus didn't cause the inflation, what did? Business as usual?

    but, that is besides the point. The Carter years were terrible economically.  How do I know? I lived through them.  I sat in gas lines. I watched my savings evaporate. Here, read this assessment of the Carter economy. It covers it quite well.

    "Carter inherited a recession when taking office. First he tried to reduce unemployment by both increasing government spending and cutting taxes. However, when inflation skyrocketed in 1978 he changed his mind. He delayed tax cuts and vetoed the spending programs that he himself proposed to the Congress. Carter then tried to ease inflation by reducing money supply and raising interest rates. All of his efforts proved to be unsuccessful. Inflation and interest rates soon reached their highest levels since World War II.
    The rapid change in interest rates led to disintermediation of bank deposits, which sowed the seeds of the Savings and Loan crisis. Investments in fixed income were becoming less valuable. Holders of both bonds, and pensions being paid to retired people had their life savings wiped out. The stagnant growth of the economy (causing unemployment), in combination with a high rate of inflation, has often been called stagflation, an unprecedented situation in American economics. By 1979, public opinion polls had Carter's popularity lower then Richard Nixon's during Watergate, partly because of his inexperience and difficulties working with Congress."

    http://www.conservapedia.com/Jimmy_Carter" rel="nofollow">http://www.conservapedia.com/Jimmy_Carter" rel="nofollow">http://www.conservapedia.com/Jimmy_Carter

    [/QUOTE]

    I didn't say anything about "follow-on years" - I pointed to the 3 quarters directly following the stimulus.  And it wasn't when inflation sky-rocketed that Carter "changed his mind" - it was 3 months after the stimulus passed, in 1977.  The facts don't match your conservapedia narrative.

    The prevailing opinion on the primary cause of inflation from the late 70s was supply shock from the energy shortage.  We passed an $800 billion stimulus in 2009 and haven't seen any inflation - why would a $23 billion stimulus have caused a double-digit spike?

     

    [/QUOTE]

    Right. Stimulus only effects the quarters you want it to effect.

    we haven't seen inflation since 2009?  Let me ask you somethin: how much do you spend on food and fuel vs. 2009?

    i guess if it was a republican in the White House you would be screaming about a month where 300,000 jobless claims were filed, instead of celebrations it as some sort of major breakthrough.

     
  20. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:

    [QUOTE]

     

     

    In response to slomag's comment:
    [QUOTE]

     

    In response to ComingLiberalCrackup's comment:
    [QUOTE]

     

    Tough to keep up with the historical "facts" of our deluded progressives...Jimmy Carter was a conservative, the economy was wonderful under his leadership...and if it wasnt, it was because he was a conservative!

     

    "To stimulate the economy and supply more jobs, Carter proposed a $23 billion to $30 billion stimulus program ...  Congress passed much of this economic stimulus package."

     

    Failed, didnt it?

     

    How about the idiotic "windfall profit tax" that Carter and Congress enacted in regards to domestic oil production ? Is that conservative? Reagan promised to repeal it....

     

    Funny, if Carter was such a conservative, why he attacked Reagan during the campaign as a  reckless "war hawk," as well as a "dangerous right-wing radical".....

     

    Carter sounds like a regular Barry Goldwater....

     

    Next, high road tells us more of his "facts" : the booming Reagan eceonomy succeeded because Reagan was a tax raiser...

     

     

    [/QUOTE]

    You said the Carter 1977 stimulus failed.  I think that assertion is wrong.  I am backing up my opinion with the fact that GDP growth was 4.7%, 8.2% and 7.9% in the three quarters immediately following its passage.  Further evidence to support my opinion - the reason, according to Jimmy Carter, that the remaining 7 billion was not spent was because he and Congress agreed that the economy no longer needed additional stimulus.

     

     

     

     

    [/QUOTE]

    And, what was inflation during that time?

     

    [/QUOTE]

    About 5.5%.  Why?

    [/QUOTE]

    That's January(5.2 actually), and it climbed from there, month in, month out to what, something north of 13% by the latter portion of his term.

    that's some position you've staked out there.

    [/QUOTE]

    I don't understand your position.  The nine months following the stimulus inflation averaged about 5.5% and GDP growth was terrific.  Are you saying spending 23 billion dollars caused high inflation 18 months later?  Or did you just jump into a conversation without reading the posts?

     

    [/QUOTE]

    No, it didn't average 5.5%. Only two months, January and February of 77 where in the 5's, the rest were in the 6's. I don't see how you get an average of 5.5% out of that.

     The follow-on years, the years where you indicate Carter thought the stimulus did it's job, the inflation rate rose to 13%.

    If the stimulus didn't cause the inflation, what did? Business as usual?

    but, that is besides the point. The Carter years were terrible economically.  How do I know? I lived through them.  I sat in gas lines. I watched my savings evaporate. Here, read this assessment of the Carter economy. It covers it quite well.

    "Carter inherited a recession when taking office. First he tried to reduce unemployment by both increasing government spending and cutting taxes. However, when inflation skyrocketed in 1978 he changed his mind. He delayed tax cuts and vetoed the spending programs that he himself proposed to the Congress. Carter then tried to ease inflation by reducing money supply and raising interest rates. All of his efforts proved to be unsuccessful. Inflation and interest rates soon reached their highest levels since World War II.
    The rapid change in interest rates led to disintermediation of bank deposits, which sowed the seeds of the Savings and Loan crisis. Investments in fixed income were becoming less valuable. Holders of both bonds, and pensions being paid to retired people had their life savings wiped out. The stagnant growth of the economy (causing unemployment), in combination with a high rate of inflation, has often been called stagflation, an unprecedented situation in American economics. By 1979, public opinion polls had Carter's popularity lower then Richard Nixon's during Watergate, partly because of his inexperience and difficulties working with Congress."

    http://www.conservapedia.com/Jimmy_Carter" rel="nofollow">http://www.conservapedia.com/Jimmy_Carter" rel="nofollow">http://www.conservapedia.com/Jimmy_Carter" rel="nofollow">http://www.conservapedia.com/Jimmy_Carter" rel="nofollow">http://www.conservapedia.com/Jimmy_Carter

    [/QUOTE]

    I didn't say anything about "follow-on years" - I pointed to the 3 quarters directly following the stimulus.  And it wasn't when inflation sky-rocketed that Carter "changed his mind" - it was 3 months after the stimulus passed, in 1977.  The facts don't match your conservapedia narrative.

    The prevailing opinion on the primary cause of inflation from the late 70s was supply shock from the energy shortage.  We passed an $800 billion stimulus in 2009 and haven't seen any inflation - why would a $23 billion stimulus have caused a double-digit spike?

     

    [/QUOTE]

    Right. Stimulus only effects the quarters you want it to effect.

    we haven't seen inflation since 2009?  Let me ask you somethin: how much do you spend on food and fuel vs. 2009?

    i guess if it was a republican in the White House you would be screaming about a month where 300,000 jobless claims were filed, instead of celebrations it as some sort of major breakthrough.

    [/QUOTE]

    Yeah, I think you should measure the effects of a stimulus in the months immediately after it passes.  That's the point of the stimulus - short-term economic growth.

    OK, dishonest one - we haven't seen unusually high levels of inflation since 2009.  If anything, it's been lower than the average over the last say 30 years.

    And check your numbers - there were about 4 months total over the entire Bush presidency that jobless claims were not at 300K.  

     

     
  21. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    Delete

     
  22. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to slomag's commen.


    [/QUOTE]

    Yeah, I think you should measure the effects of a stimulus in the months immediately after it passes.  That's the point of the stimulus - short-term economic growth.


    OK, dishonest one - we haven't seen unusually high levels of inflation since 2009.  If anything, it's been lower than the average over the last say 30 years.


    And check your numbers - there were about 4 months total over the entire Bush presidency that jobless claims were not at 300K.  


     


    [/QUOTE]



    If you are using the CPI as a measure of inflation, don't bother. For one thing, it doesn't measure inflation, a common misperception amoung the great unwashed. Real inflation is extremely high. You can't double fuel prices, increase food prices, and cut net worth and not have inflation. So, what does big government do?


    It does not factor those things into the official inflation calculation, causing you to think it is low, when in truth, it is sky high, in the vicinity of 10%, when you look at a more accurate CPI model.


    So, what is a better measure of inflation? How about monetary inflation, which actually measures a form of inflation. It has been running at about 5% during the Obama presidency, which means things that are acquired via money have been inflated somewhere around 20-30% over that time. That fits, roughly, for food, energy, and salaries, as luck would have it.


    As far as Bush: Never said a think about Bush. Can't stand the guy. Don't know why you up think it is relevant.


    Except that you would agree with me on what I am saying about inflation if Bush was president.

     
  23. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's commen.

     

    [/QUOTE]

    Yeah, I think you should measure the effects of a stimulus in the months immediately after it passes.  That's the point of the stimulus - short-term economic growth.

     

    OK, dishonest one - we haven't seen unusually high levels of inflation since 2009.  If anything, it's been lower than the average over the last say 30 years.

     

    And check your numbers - there were about 4 months total over the entire Bush presidency that jobless claims were not at 300K.  

     

     

     

    [/QUOTE]


     

    If you are using the CPI as a measure of inflation, don't bother. For one thing, it doesn't measure inflation, a common misperception amoung the great unwashed. Real inflation is extremely high. You can't double fuel prices, increase food prices, and cut net worth and not have inflation. So, what does big government do?

     

    It does not factor those things into the official inflation calculation, causing you to think it is low, when in truth, it is sky high, in the vicinity of 10%, when you look at a more accurate CPI model.

     

    So, what is a better measure of inflation? How about monetary inflation, which actually measures a form of inflation. It has been running at about 5% during the Obama presidency, which means things that are acquired via money have been inflated somewhere around 20-30% over that time. That fits, roughly, for food, energy, and salaries, as luck would have it.

     

    As far as Bush: Never said a think about Bush. Can't stand the guy. Don't know why you up think it is relevant.

     

    Except that you would agree with me on what I am saying about inflation if Bush was president.

    [/QUOTE]

    Oh, OK - now you have a new way to measure inflation.  Just like the unemployment statistics used since the beginning of time were invalidated the day BHO stepped into the oval office.  CPI, BTW is simply the average price of consumer goods.  The percent change of CPI year over year is the generally accepted inflation rate. 

    I googled "monetary inflation rate" and instead of returning results google just turned it's icon into a middle finger that read "screw you Skeeter" but if you have real life statistics going back to the 70s (who knows - maybe under this new inflation measure there was no inflation at all under Jimmy Carter), I'll take a closer look.  But based on the fact that bread, gas & milk were all more expensive in 2008 than they are in 2014 I think it's a safe bet you're full of it.

    And no, you never said anything about Bush - you said if there were a Republican in the White House, I'd be screaming about a month with 300K jobless claims.  Well, the last time there was a Republican in the White House, there were 92 out of 96 months with 300K jobless claims and I never said a word about them.  So wrong.... again.

     

     

     
  24. You have chosen to ignore posts from ronreganfan. Show ronreganfan's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's commen.

     

    [/QUOTE]

    Yeah, I think you should measure the effects of a stimulus in the months immediately after it passes.  That's the point of the stimulus - short-term economic growth.

     

    OK, dishonest one - we haven't seen unusually high levels of inflation since 2009.  If anything, it's been lower than the average over the last say 30 years.

     

    And check your numbers - there were about 4 months total over the entire Bush presidency that jobless claims were not at 300K.  

     

     

     

    [/QUOTE]


     

    If you are using the CPI as a measure of inflation, don't bother. For one thing, it doesn't measure inflation, a common misperception amoung the great unwashed. Real inflation is extremely high. You can't double fuel prices, increase food prices, and cut net worth and not have inflation. So, what does big government do?

     

    It does not factor those things into the official inflation calculation, causing you to think it is low, when in truth, it is sky high, in the vicinity of 10%, when you look at a more accurate CPI model.

     

    So, what is a better measure of inflation? How about monetary inflation, which actually measures a form of inflation. It has been running at about 5% during the Obama presidency, which means things that are acquired via money have been inflated somewhere around 20-30% over that time. That fits, roughly, for food, energy, and salaries, as luck would have it.

     

    As far as Bush: Never said a think about Bush. Can't stand the guy. Don't know why you up think it is relevant.

     

    Except that you would agree with me on what I am saying about inflation if Bush was president.

    [/QUOTE]

    Oh, OK - now you have a new way to measure inflation.  Just like the unemployment statistics used since the beginning of time were invalidated the day BHO stepped into the oval office.  CPI, BTW is simply the average price of consumer goods.  The percent change of CPI year over year is the generally accepted inflation rate. 

    I googled "monetary inflation rate" and instead of returning results google just turned it's icon into a middle finger that read "screw you Skeeter" but if you have real life statistics going back to the 70s (who knows - maybe under this new inflation measure there was no inflation at all under Jimmy Carter), I'll take a closer look.  But based on the fact that bread, gas & milk were all more expensive in 2008 than they are in 2014 I think it's a safe bet you're full of it.

    And no, you never said anything about Bush - you said if there were a Republican in the White House, I'd be screaming about a month with 300K jobless claims.  Well, the last time there was a Republican in the White House, there were 92 out of 96 months with 300K jobless claims and I never said a word about them.  So wrong.... again.

     

     

    [/QUOTE]

    No, it is not a new way. The CPI doesn't measure inflation, period. Monetary inflation is a tool the Fed uses.  Because I'm a nice helpful guy, trying to give you a broader perspective on economics, a subject near and dear to my heart, I will provide you this link:

    http://en.m.wikipedia.org/wiki/Monetary_inflation" rel="nofollow">http://en.m.wikipedia.org/wiki/Monetary_inflation

     

    look at it this way: from an economic point of view, if you are not making 5% more in salary and investments, then you are loosing wealth.  

    No need to get mad about it, I am simply sharing with you the numbers the Gov't uses but don't advertise.

    But, for you, it all comes down to hearing what you want to hear, because a Democrat is in the White House.

    Gas was more expensive in 2008?  Food was more expensive in 2008? That's simply delusional.  Gas prices have doubled, and the cost of food has risen 14% this year alone. You really need to do some research before you make such outlandish statements.

    Stay ignorant, my friend.

     
  25. You have chosen to ignore posts from slomag. Show slomag's posts

    Re: JOBLESS CLAIMS AT LOWEST LEVEL IN 7 YEARS!!!

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's comment:
    [QUOTE]

    In response to ronreganfan's comment:
    [QUOTE]

    In response to slomag's commen.

     

    [/QUOTE]

    Yeah, I think you should measure the effects of a stimulus in the months immediately after it passes.  That's the point of the stimulus - short-term economic growth.

     

    OK, dishonest one - we haven't seen unusually high levels of inflation since 2009.  If anything, it's been lower than the average over the last say 30 years.

     

    And check your numbers - there were about 4 months total over the entire Bush presidency that jobless claims were not at 300K.  

     

     

     

    [/QUOTE]


     

    If you are using the CPI as a measure of inflation, don't bother. For one thing, it doesn't measure inflation, a common misperception amoung the great unwashed. Real inflation is extremely high. You can't double fuel prices, increase food prices, and cut net worth and not have inflation. So, what does big government do?

     

    It does not factor those things into the official inflation calculation, causing you to think it is low, when in truth, it is sky high, in the vicinity of 10%, when you look at a more accurate CPI model.

     

    So, what is a better measure of inflation? How about monetary inflation, which actually measures a form of inflation. It has been running at about 5% during the Obama presidency, which means things that are acquired via money have been inflated somewhere around 20-30% over that time. That fits, roughly, for food, energy, and salaries, as luck would have it.

     

    As far as Bush: Never said a think about Bush. Can't stand the guy. Don't know why you up think it is relevant.

     

    Except that you would agree with me on what I am saying about inflation if Bush was president.

    [/QUOTE]

    Oh, OK - now you have a new way to measure inflation.  Just like the unemployment statistics used since the beginning of time were invalidated the day BHO stepped into the oval office.  CPI, BTW is simply the average price of consumer goods.  The percent change of CPI year over year is the generally accepted inflation rate. 

    I googled "monetary inflation rate" and instead of returning results google just turned it's icon into a middle finger that read "screw you Skeeter" but if you have real life statistics going back to the 70s (who knows - maybe under this new inflation measure there was no inflation at all under Jimmy Carter), I'll take a closer look.  But based on the fact that bread, gas & milk were all more expensive in 2008 than they are in 2014 I think it's a safe bet you're full of it.

    And no, you never said anything about Bush - you said if there were a Republican in the White House, I'd be screaming about a month with 300K jobless claims.  Well, the last time there was a Republican in the White House, there were 92 out of 96 months with 300K jobless claims and I never said a word about them.  So wrong.... again.

     

     

    [/QUOTE]

    No, it is not a new way. The CPI doesn't measure inflation, period. Monetary inflation is a tool the Fed uses.  Because I'm a nice helpful guy, trying to give you a broader perspective on economics, a subject near and dear to my heart, I will provide you this link:

    http://en.m.wikipedia.org/wiki/Monetary_inflation" rel="nofollow">http://en.m.wikipedia.org/wiki/Monetary_inflation" rel="nofollow">http://en.m.wikipedia.org/wiki/Monetary_inflation

     

    look at it this way: from an economic point of view, if you are not making 5% more in salary and investments, then you are loosing wealth.  

    No need to get mad about it, I am simply sharing with you the numbers the Gov't uses but don't advertise.

    But, for you, it all comes down to hearing what you want to hear, because a Democrat is in the White House.

    Gas was more expensive in 2008?  Food was more expensive in 2008? That's simply delusional.  Gas prices have doubled, and the cost of food has risen 14% this year alone. You really need to do some research before you make such outlandish statements.

    Stay ignorant, my friend.

    [/QUOTE]

    Wha?  CPI is the simply the average cost of consumer goods.  Inflation is the percent change of those goods year to year.  You're saying throw that number out the window because you have a better method to measure the value of the dollar than what you can buy with it, but these measures aren't recorded anywhere so we just have to take your word for it?

    http://data.bls.gov/cgi-bin/surveymost" rel="nofollow">http://data.bls.gov/cgi-bin/surveymost

    1 gallon unleaded regular gasoline in June, 2014 = $3.695 June, 2008 = $4.065

    1 gallon whole milk in June, 2014 = $3.626 June, 2008 = $3.773

    1 lb bananas in June 2014 = $0.607 June, 2008 = $0.633

    1 lb tomatoes in June 2014 = $1.675 June 2008 = $1.814

    12 oz concentrated orange juice in June 2014 = $2.510 June 2008 = $2.528

    utility gas per therm in june 2014 = $1.088 June 2008 = $1.578

     

     

     
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