U.S. economy improving -- You will not read this in the MSCM (MainStream Conservative Media).


In the third quarter of 2016, the Real Gross Domestic Product (GDP), increased by 2.9%. That's about double the increase in the second quarter! https://www.bea.gov/newsreleases/national/gdp/gdphighlights.pdf

But, there is even more good economic news. The unemployment rate has been at or below 5% for 12 consecutive months. That's an entire year! http://data.bls.gov/pdq/SurveyOutputServlet
And this is true even though more Americans have been entering the labor force since the employment picture has improved.

And, finally, "The number of Americans seeking unemployment benefits stayed at a 43-year low last week in the latest sign that layoffs are scarce." https://finance.yahoo.com/news/applications-us-unemployment-aid-remain-1...
Why is this significant? Because if we look at, and/or read the MSCM, one would think that America is in worse shape than ever is our history. This is so far from the truth, it would be funny, if it weren't so serious.

I understand that the U.S. economy is far from ideal. But, look how far we've come since the Great Recession! WOW!! And, look how well we've done since the Republicans and conservatives predicted that a second term for Obama would mean economic ruin. On the contrary, when Obama took office first in January of 2009, the unemployment rate was 7.8%. By October of that year, it had soared to 10.0%. By those same measures, it is now around 5.0%. That's a great improvement!
I've said before that I watch a LOT of CNBC [not MSNBC]. I have not seen or heard one investment and/or business expert yet state that (s)he would trade the position of our economy for that of any other nation in the world, even though one of the major party candidates for POTUS this year openly touts the statistics from China. I guess he knows more about world economics than do investment experts, just like he knows more about ISIS than the generals do. Just trust him, he says. That sounds just like the calls I get from the IRS [I know that they are all faked] stating that I owe the IRS thousands of dollars, and I must remit money to the PO Box they give me. But, that's OK. Vote for the flim-flam artist. If he wins, we'll all pay a stiff price for that! [Don't look behind the curtain. Ignore that man behind the curtain. The Wizard of Oz is real!]

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...you must be the most blissful person in the world.

Yep--I think we ALL feel like the economy is booming. I know things have never been better for me...or Toledo...or Lucas County...or the State of Ohio.

Dalepertcheck: Please tell me that you know there's a difference between "Real" GDP and GDP. (I think I hear the sound of Dale's fingers typing on Google right now.)

And I NEVER stated that what you said, that, "...the economy is booming." In fact, I actually said, "I understand that the U.S. economy is far from ideal. But, look how far we've come since the Great Recession! WOW!!"
And, I also wrote, " I have not seen or heard one investment and/or business expert yet state that (s)he would trade the position of our economy for that of any other nation in the world, even though one of the major party candidates for POTUS this year openly touts the statistics from China." Would you, akaGALT?

Let me enlighten you, akaGALT. I am not an expert on the economy, but I did minor in economics in college, and I do have a basic understanding of terms. "Real GDP" factors in price changes, inflation, if you will. GDP, by itself, would not include the effects of inflation, and would, therefore overstate any increases in numbers. "Real" GDP is a truer measure of how the economy is doing.

I will add my own anecdotes here. During the Great Recession, our daughter was laid off. She has been working now for the same firm for about two years. In addition, over the past 12-18 months, I have seen many "Help Wanted" signs at businesses. And, if you actually read some of the articles I referenced, you would know that many U.S. businesses which need trained workers to hire cannot find properly trained people to employ!
1. While far from perfect, the economy is much improved over the Great Recession years.
2. The U.S. economy is currently in the best overall shape of any in the world.
3. Getting the proper education and/or training is vital to getting a good job.
4. The U.S. economy has NOT tanked under Obama as the Republicans predicted, both in 2008 and 2012!

Too bad you didn't go to Google, akaGALT!

"stupid." It means not knowing something.
Here is the Merriam-Webster definition: "the state or fact of being ignorant : lack of knowledge, education, or awareness."
In a democracy, ignorance is most dangerous! It is NOT bliss!

I wish I had the intestinal fortitude to read all that Dalepertcheck has written (rather--what he has copied and pasted)--I don't. I did get the part where:

Daughter is now working = Economy is good

Help wanted signs = Econmy is good

You are just like Lyin' Don. You don't want to read and expunge your ignorance about the economy. You really didn't know that "Real GDP" is a better way to judge the economy than GDP without taking inflation into account?

Now, I realize from this latest post, akaGALT, how little you want to actually do research of any kind. I'll fully admit, it is much more fun to merely pontificate on issues while living in ignorance. In that sense, you are correct that "ignorance is bliss." Your position also reminds me of an oft misquoted statement on this very topic, from Alexander Pope's appropriately entitled "An Essay of Criticism:" "A little learning is a dangerous thing; Drink deep, or taste not the Pierian spring."
However, if you would drink more deeply from the pool of knowledge, you would read even more good news -- not the best economy of all time -- not a "booming" economy -- but good news nevertheless. The unemployment rate among all veterans 18 and over is 4.3%, even lower than is the overall rate for all workers. And the unemployment rate for women vets has dropped to 3.9% from 5.9% in the past year! You can find this information on page 16 of 39 pages on Table A-5 in the following report: http://www.bls.gov/news.release/pdf/empsit.pdf.

Our daughter has a baccalaureate degree from BGSU in Computer Art and Graphic Design. Most of her work experience before her current job was developing software and constructing websites. She now is working in IT, [that's Information Technology, akaGALT], and is the only woman in her department, right here in good ol' Toledo! Yes! It does pay to get a college degree in a needed field. Oh! And she has also illustrated a children's book. She is a skilled artist as well as a computer expert!

tough for you to understand.

Please note -- I am NOT saying "Great" economic news. I am NOT saying we have a "booming" economy. But, good news is -- duh -- good news nevertheless.

Here is a link to an article on the Wall Street Journal website: http://www.wsj.com/articles/u-s-adds-161-000-jobs-in-october-jobless-rat...
I would like to emphasize that this makes 13 consecutive months that the unemployment rate has been at or below 5.0%. Also, here is a quote from the article, since at least one person who posts here often has admitted that, just like the Republican nominee for POTUS, he hates to read a lot of stuff. In fact, this may already be too much for him to read. For others who may read this, here's the quote from the article emphasizing more good economic news: "One highlight from Friday’s report: Average hourly earnings for private-sector workers rose 2.8% in October compared with a year earlier, the strongest annual wage growth since June, 2009."
Was this good economic news posted on any of the MSCM sites besides that of the Wall Street Journal? I don't know. None were listed on Google, but maybe...

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