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basically, if these companies fail, a new company will rise in their place
 
3RA1N1AC said:
basically, if these companies fail, a new company will rise in their place
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How? With a magic wand? This isn't 1997, where venture money was being handed out like candy.

Thanks for the laugh, though, because I'm guessing you're being glib on purpose. :)
 
3RA1N1AC said:
haha ok....so "the economy sucks" doesnt work anymore? now its great?
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Who said it's great? You're the one saying you want the corporations to fail.

I'm sure we can have a powerful economy with mom-and-pop businesses as landscapers and lawn mowers.
 
:lol:

yes because the only way to enjoy life is to have large pharmaceutical companies giving us drugs to do so
 
3RA1N1AC said:
:lol:

yes because the only way to enjoy life is to have large pharmaceutical companies giving us drugs to do so
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You could enjoy life without pharmaceutical companies... that life would just happen to be about 30 years shorter. Feel free to not use the evil pharmaceutical company products. I won't force you.
 
blazerboy30 said:
You could enjoy life without pharmaceutical companies... that life would just happen to be about 30 years shorter. Feel free to not use the evil pharmaceutical company products. I won't force you.
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hey just because you already use viagra doesnt mean you have to get all defensive
 
As Obama said, he has 4 years to turn the economy around. If he doesn't he doesn't expect a second term.

Sorry man, I like you as a person, but GTFO. Time for someone else to give it a try. You failed. Simple as that. You are too weak to be a president. God help us with a Republican as president, but maybe one of them will actually stick to their principles for once.

We better get these tax loopholes closed or Bush cuts done with before that happens, though.

Thankfully you only have about 3 out of 10 Americans thinking favorably of the tea party, so maybe their influence can chill on the Republican party and bring back some civility in our politics. This is just ridiculous. And for the love of God don't let there be a left wing type tea party either... American's don't want this BS polarization of our politics.
 
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Here is an example of how Republicans take good news (economy added 117K jobs)... and put a negative spin on it:

From http://politicalticker.blogs.cnn.com/2011/08/05/2012-candidates-jump-on-july-jobs-numbers/?hpt=hp_t1

2012 candidates jump on July jobs numbers

(CNN) - Republican presidential candidates were among the first to respond to the July jobs numbers Friday, using the figures to illustrate what they call the failures of the Obama administration.

Former Minnesota Gov. Tim Pawlenty said the jobs report is a "far cry from the hope and change that President Obama promised on the campaign trail."

"This lack of leadership is inexcusable and driving our economy toward decline," Pawlenty said in a statement. "It's time for a new president to point us back in the right direction, and I am the only candidate who has proposed a specific economic plan that will create jobs and grow our economy."

The job market strengthened in July with employers added 117,000 jobs, well above the 46,000 jobs added in June. The unemployment rate improved slightly to 9.1 percent.

Rep. Michele Bachmann of Minnesota said Obama's "failed economic policies are digging us deeper into a hole."
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300K+ jobs added a month is the significant number.

Unemployment should actually go up, not down, as long term unemployed reenter the job market.
 
http://www.cnbc.com/id/44033486

According to a Bureau of Labor Statistics breakdown, there were 139,296,000 people working in July, compared to 139,334,000 the month before, or a drop of 38,000.

But the job creation number was positive and the unemployment rate went down, right? So how does that work?

It’s a product of something the government calls “discouraged workers,” or those who were unemployed but not out looking for work during the reporting period.

This is where the numbers showed a really big spike—up from 982,000 to 1.119 million, a difference of 137,000 or a 14 percent increase. These folks are generally not included in the government’s various job measures.

So the drop in the unemployment rate is fairly illusory—stick all those people back in the workforce and you wipe out the job creation and the drop in unemployment.
 
On Thursday, the market's sharp decline had analysts and observers rushing to make proclamations of an imminent double-dip recession. Writing in the Financial Times earlier this week — before Thursday's mini-crash — economist Larry Summers pegged the chances of a double-dip at one in three.Others suggested that the decline, combined with a rash of punk data, was a sign that the U.S. had never left recession in the first place.

But this morning's jobs figure, combined with data that was generally ignored among Thursday's market carnage, should lead us to ratchet down our fear of an imminent recession. The economy may have slowed, and the future is uncertain. But if you want a double-dip this summer, you'll have to go to Carvel.

* * *

The private sector in July added 154,000 jobs while the government cut 37,000. Put another way, in a month in which Washington intentionally concocted a crisis designed to foment uncertainty and paralysis, companies added about 38,500 jobs per week.

* * *

In the panic over the markets yesterday, investors and analysts may also have ignored other data that points to expansion. Consumers account for about 70 percent of U.S. economic activity. And preliminary data indicates that consumers didn't pull back in July. Yesterday, Thomson Reuters reported that its same-store sales index rose 4.4 percent in July from the year before. The International Council of Shopping Centersreported that same-store sales in the chains it tracks rose 4.6 percent in July from the year before. That's a slower rate than has been reported in recent months, but it is a far cry from a contracting economy. Want more? The Institute for Supply Management's surveys shows that both the manufacturing and the service sector expanded in June.

http://finance.yahoo.com/blogs/dail...erns-over-double-dip-recession-141353858.html
 
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Now, for the first time in the history of the United States, our credit rating has been downgraded. This never happened under Jimmy Carter, one of the most incompetant presidents we've ever had, but it's happened under Obama. Ain't it great!

Welcome to the recovery!
 
Treaty_of_Batum said:
On Thursday, the market's sharp decline had analysts and observers rushing to make proclamations of an imminent double-dip recession. Writing in the Financial Times earlier this week — before Thursday's mini-crash — economist Larry Summers pegged the chances of a double-dip at one in three.Others suggested that the decline, combined with a rash of punk data, was a sign that the U.S. had never left recession in the first place.

But this morning's jobs figure, combined with data that was generally ignored among Thursday's market carnage, should lead us to ratchet down our fear of an imminent recession. The economy may have slowed, and the future is uncertain. But if you want a double-dip this summer, you'll have to go to Carvel.

* * *

The private sector in July added 154,000 jobs while the government cut 37,000. Put another way, in a month in which Washington intentionally concocted a crisis designed to foment uncertainty and paralysis, companies added about 38,500 jobs per week.

* * *

In the panic over the markets yesterday, investors and analysts may also have ignored other data that points to expansion. Consumers account for about 70 percent of U.S. economic activity. And preliminary data indicates that consumers didn't pull back in July. Yesterday, Thomson Reuters reported that its same-store sales index rose 4.4 percent in July from the year before. The International Council of Shopping Centersreported that same-store sales in the chains it tracks rose 4.6 percent in July from the year before. That's a slower rate than has been reported in recent months, but it is a far cry from a contracting economy. Want more? The Institute for Supply Management's surveys shows that both the manufacturing and the service sector expanded in June.

http://finance.yahoo.com/blogs/dail...erns-over-double-dip-recession-141353858.html
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There were less people in the work force in July than in June. The numbers are right in front of you. Although I do find the celebration by the Dems of a 9.1% rate appalling, anyhow.
 
Shooter said:
Now, for the first time in the history of the United States, our credit rating has been downgraded. This never happened under Jimmy Carter, one of the most incompetant presidents we've ever had, but it's happened under Obama. Ain't it great!

Welcome to the recovery!
Click to expand...


Silly, it's all Bush's fault.
 
The funny thing here, of course, is that investors are dumping stocks to buy treasuries. You know, those treasuries that just got downgraded, causing a market panic? Yep, those.

barfo
 
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