tag:blogger.com,1999:blog-6399730406480392183.post7277951427264038825..comments2024-03-27T11:18:34.222-03:00Comments on Viable Opposition: Life in Metropolitan America: Is it Improving?A Political Junkiehttp://www.blogger.com/profile/03342345936277964422noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6399730406480392183.post-1655638037197735932012-01-13T15:55:01.085-04:002012-01-13T15:55:01.085-04:00I trust your data, but disagree with your conclusi...I trust your data, but disagree with your conclusion, "The trillions spent have gone somewhere but they certainly have not benefited those who live on the tree-shaded streets of Metropolitan America."<br /><br />What do you think would have happened if we hadn't invested that money in America and America's companies? Do you think non-intervention and market forces would have provided a better outcome? What would have happened if two of the big three really did go bankrupt? <br /><br />Yes, we need cuts. EVERYWHERE. Not just in domestic spending and entitlement programs. We need military cuts as well. But debt is not what is holding this country back or causing high unemployment. It is lack of consumer demand that is the problem. Consumer demand is down because companies are less likely to hire and consumers are much more likely to save.<br /><br />I live in Metro Detroit, and for me, the recession is over. Yes, there are still people hurting, but the fact is, things are getting better. Sometimes it feels like the Right is hoping for failure because it would be politically good for them.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-25820671190758813872011-12-31T02:47:26.033-04:002011-12-31T02:47:26.033-04:00I haven't had a chance to review the entire ar...I haven't had a chance to review the entire article, as I just came across your blog today, but I did note one error that may or may not affect the premise of your article. If you carefully read through the BLS Regional and State Employment Survey, from which you extracted your second graph above, Table D, you will see that it does NOT represent the number of unemployed, but the number of jobs. I'm assuming that you know that the BLS monthly reports come from two different sources. The unemployment rates come from the Current Population Survey, which is prepared for the BLS by the Census and is a survey of families and individuals. The monthly jobs numbers come from the Establishment Survey which comes from numbers of jobs reported by the various employing companies and agencies.<br />Table D, therefore, shows increases in numbers of jobs in those particular states between October 2010 and October 2011. <br /><br />Yes, many metropolitan areas are still hurting, but the only states that suffered a year-over-year loss in jobs between October 2010 and October 2011 are Georgia (largest number of jobs lost), Indiana, Missouri, Delaware, and Arkansas.Middle Mollyhttps://www.blogger.com/profile/11441441493867436577noreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-68614292269363176872011-12-03T21:28:35.483-04:002011-12-03T21:28:35.483-04:00Keep on dreaming: On a GDP per capita basis, the U...Keep on dreaming: On a GDP per capita basis, the USA is merely number 10 according to IMF and World Bank, the CIA rates the USA number 12. <br />The USA hasn't been number 1 in a decade, and that is a conservative estimate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-24443847657290771822011-12-02T10:57:09.470-04:002011-12-02T10:57:09.470-04:00And still the richest country in the world by mile...And still the richest country in the world by miles and miles. Nope- the sky is not falling folks.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-70357911304961590122011-12-02T10:32:55.731-04:002011-12-02T10:32:55.731-04:00The Fed is already buying through proxy, but it is...The Fed is already buying through proxy, but it is a shell game. The chick's always come home to roost, ALWAYS. You can't dig your way out of a hole, you can't borrow your way out of debt. The crisis we face will make the Great Recession, and the Great Depression look like mild economic slow downs. We have too many people eating at the government table, retiring at the government utter, and President's "take from the rich and give to the poor" silly fantasy only works until the rich fear and move their money out of the country, they stop paying taxes, investing and the real bubble collapses. If oBAMa is re-elected it will happen by December of 2012, if he is not it depends on how the newly elected plan to deal with debt and entitlement, it will buy us a few months maybe years. If we do not deal with debt and entitlement, well, let's just say I'm glad I'm debt free and have property to farm. Produce will be the currency of the future.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-55962566429478087762011-12-02T10:17:22.752-04:002011-12-02T10:17:22.752-04:00The US will never default and will never have any ...The US will never default and will never have any trouble selling it's debt because we have a printing press, Greece/Italy etc do not. The fed will buy any and all through proxy if needed to keep the game rolling.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-6399730406480392183.post-87189456635493125442011-11-29T12:16:59.773-04:002011-11-29T12:16:59.773-04:00RUNNING OUT OF TIME
It is very sad that after so ...RUNNING OUT OF TIME<br /><br />It is very sad that after so much new debt under President Obama (3 Trillion) and the build-up in spending under former President Bush, we are now at a crossroads. Without new leadership, we are at increasing risk of a financial collapse.<br /><br />If we do not soon take concerted action to reduce the amount of debt or at least immediately stop incurring new Federal debt ( debt ceiling increases),then we do risk a bond market crisis. <br /><br />Such a crisis has already hit Italy, Portugal, Spain, Greece, Ireland, and others in Europe. The bond markets will eventually stop buying U.S. Debt. Unable to roll-over old debt would mean MUCH higher interest rates (2X). The result would deceimate real estate values and stocks and bonds, as well. U.S. BANKS would come under severe financial stress and banks failures would rival the Great Depression of the 1929-1930 period.<br /><br />- H. Craig BradleyAnonymousnoreply@blogger.com