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Witty Tycoon

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The S&P 500 closed at an all-time high of 1,569 topping it self from way back in 2007. Is this apart of the Obama economy as well as those on the right like to call it?

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THANKS OBAMA!

Mega Noob

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I don't really think the president's influence on the economy is great enough for us to pin his name onto it either way.

Tipsy Explorer

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And yet ******** all has been done to prevent it all from repeating itself. Good ******** going America, you've recovered without learning a damned thing.

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High volatility is probably a bigger concern here than long term growth. heart

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Why would anyone change their font to be smaller?

Jeering Regular

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Wendigo
Why would anyone change their font to be smaller?
As a child, they were beaten with a bag full of sort and thus developed a pathological fear of good typography.

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Wendigo
Why would anyone change their font to be smaller?
As a child, they were beaten with a bag full of sort and thus developed a pathological fear of good typography.
What about extra large font?

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Wendigo
Why would anyone change their font to be smaller?
As a child, they were beaten with a bag full of sort and thus developed a pathological fear of good typography.
What about extra large font?
It's easily legible, so it's less annoying.

Jeering Regular

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Wendigo
Why would anyone change their font to be smaller?
As a child, they were beaten with a bag full of sort and thus developed a pathological fear of good typography.
What about extra large font?
Secretly fetishizes gagging on a 72 point pangram.

Shameless Heckler

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It's funny if the market is going down the toilet then it is all Obama's fault, but if it is doing well then they say the President doesn't have enough influence to effect the markets.

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If people want to take pot-shots at Obama and the Economy, they should really look at the unemployment rate. I mean, It's not like it's steadily dropped since 2009 or anything. rolleyes

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N3bu
If people want to take pot-shots at Obama and the Economy, they should really look at the unemployment rate. I mean, It's not like it's steadily dropped since 2009 or anything. rolleyes


Unemployment rate is so manipulated it has limited value. They drop people from the total who have been out of work too long, pretending they don't exist after they've been out of work more than six months or so. Among other statistical crap.

How about measuring food stamp use instead?

Quote:


A lot has changed about food stamps during the past few years. For one, the program is currently called the Supplemental Nutrition Assistance Program (SNAP), and it has made buying groceries much easier by providing debit-style cards.


But another aspect has changed even more dramatically: The number of Americans tapping into the social-welfare program is soaring.


Enrollment in SNAP has surged 70% since 2008, reaching a record 47.8 million Americans in December. Even more shocking, that means 15% of the country receives the benefits, nearly double the rate as in 1975, when the U.S. suffered from soaring inflation, a recession and an oil crisis.


http://money.msn.com/now/post.aspx?post=e9caf453-75ca-4ad6-ae9d-9b991cd6702f

The stock market is increasingly a fantasy that is divorced from the real U.S. economy.

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Kaltros
N3bu
If people want to take pot-shots at Obama and the Economy, they should really look at the unemployment rate. I mean, It's not like it's steadily dropped since 2009 or anything. rolleyes


Unemployment rate is so manipulated it has limited value. They drop people from the total who have been out of work too long, pretending they don't exist after they've been out of work more than six months or so. Among other statistical crap.

How about measuring food stamp use instead?

Quote:


A lot has changed about food stamps during the past few years. For one, the program is currently called the Supplemental Nutrition Assistance Program (SNAP), and it has made buying groceries much easier by providing debit-style cards.


But another aspect has changed even more dramatically: The number of Americans tapping into the social-welfare program is soaring.


Enrollment in SNAP has surged 70% since 2008, reaching a record 47.8 million Americans in December. Even more shocking, that means 15% of the country receives the benefits, nearly double the rate as in 1975, when the U.S. suffered from soaring inflation, a recession and an oil crisis.

]http://money.msn.com/now/post.aspx?post=e9caf453-75ca-4ad6-ae9d-9b991cd6702f

Oh, you mean the metric that grew by less then 50% of what it did in 2011?

While SNAP participants still grows it only grew 2 million in 2012, compared to 4 the year before and 7 the year before that. I think that's pretty ******** good.

The Participation rate has only dropped 3% from peak levels before the recession started and bled most of that in 2009 and 2010, responding to a massive upswing in unemployment. It does continue to drop but only by 1 whole % point since the start of 2011.

Let for example look at 2012. The Prate fluctuated in and around 63.6-63.7% and barely moved the whole year, March this year in particular saw a significant dump of .2% which could be normal swing considering we haven't seen April's numbers yet. Over that same period Unemployment has consistently fallen. The same was true of 2011.

By those numbers Prate looks like it's stabilising and the Urate is dropping, which means people are working again. Keep in mind also that the baby boomers are retiring which is going to change the level the Prate works at permanently.

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N3bu
If people want to take pot-shots at Obama and the Economy, they should really look at the unemployment rate. I mean, It's not like it's steadily dropped since 2009 or anything. rolleyes


While the unemployment situation has gotten better, there has been a massive deterioration of job tenure rates, and still falling real incomes. Simultaneously, the US has continued a long run trend of weakening labor market participation rates. Also, there is also some empirical evidence that a lot of people are holding off on getting jobs due to the extended period for unemployment benefits. So, even focusing on employment/unemployment is a rather mixed bag.

I still think the best argument for most people to make is that given a lot of the institutions we have, that congress, let alone Obama, has a marginal effect on overall economic performance in any 4 year trend. Looking at federal reserve policy is probably the most noticeable change that occurs.
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