Skip to comments.10 Reasons Why The American Economy Is Awesome
Posted on 01/01/2012 11:26:47 AM PST by blam
10 Reasons Why The American Economy Is Awesome
Jan. 1, 2012, 8:24 AM
Slowly, the U.S. economy has been gaining steam and rhetoric in Washington has seemed a little less painful. Perhaps that's only apathy caused by four years of unease and turmoil. But the picture is definitely not nearly as bleak as in Europe.
Sure, economic data can be spun, and pundits who wish to point that the country's best may be behind it have ammunition.
But, we see a country that is ready to innovate, get back on its feet, and put people back to work.
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(Excerpt) Read more at businessinsider.com ...
“But, we see a country that is ready to innovate, get back on its feet, and put people back to work. “
Where were your Christmas gifts made?
We’ll all be employed by big government?
You misspelled awful.
More like put your hip waders on before you read the article.
Awesome? What’s the writer smoking? All one has to do is drive through any town and see the empty storefronts and factories, the for sale signs, liquidations, bank auctions. Ghastly and heartbreaking is more like it.
I feel like I am knee deep in a field of cowpies reading this absurd fantasy!
Unrivaled investor protections
Businesses operate efficiently and without degree of corruption seen elsewhere
Even allowing that other countries are bad, the amount of favoritism in who gets bailed out, who gets government "investment," that MF Global customers have their money stolen in plain view of regulators, that we have to change the accounting rules or Wall Street would have imploded three years ago does make us Awesome. We are simply "Less Bad" on some of these things.
Higher taxes on the rich and corporations, bailing out outmoded and failing companies, increasing regulations on economic activities; policies which increase the cost of energy; empowering labor unions which (by definition) make companies less productive; health care mandates which increase employment costs; massive government debt; arbitrarily preventing companies like Boeing from opening new production facilities; official hostility toward petroleum, banking, insurance, pharmaceutical, etc. industries...
I don't know who 'we' is, but forgive me if I see just the opposite.
Those empty storefronts with “For Lease” signs all all over Indianapolis. Certain retail areas have very little left.
Even the low end stores are disappearing.
Nobody could convince me things are great.
Obama and his band of traitors are dismantling the country and condemning people to poverty.
Maybe things are good in Washington, but if those creeps ever quit thinking about themselves, they can see how bad it is for the people. Not that they care.
I see a government that is ready to strike down anyone who is willing to innovate.
Yup. Buffalo is exactly like that too. And I am not talking about the inner city. I am talking about first ring suburbs. You can crow all you want about first time unemployment filing dropping to 390,00, I measure economic recoveries by the number of construction cranes I see.
Note that Nancy Pelosi's net worth has gone up 62% in two years with this terrible economy.
"-The net worth of House Minority Leader Nancy Pelosi increased by 62 percent from 2009 to 2010. In 2009 it was reported that she had a net worth of 21.7 million dollars, and in 2010 it was reported that she had a net worth of 35.2 million dollars."
“we see a country that is ready to innovate, get back on its feet, and put people back to work”
Have you reported this to the White House? So they can get to work on changing this to make sure it’s more “fair” and the wealth is shared........
Place is occupied by criminals and thieves. I am hoping they get what they don’t want one of these days.
I can’t think of cretins more deserving of misery.
Each of these facts speak for themselves and have hard numbers to back them. Anybody who can't make it in America is either the victim of extremely unusual circumstance or is a professional underachiever.
“Businesses operate efficiently and without degree of corruption seen elsewhere
Even allowing that other countries are bad, the amount of favoritism in who gets bailed out, who gets government “investment,” that MF Global customers have their money stolen in plain view of regulators, that we have to change the accounting rules or Wall Street would have imploded three years ago does make us Awesome. We are simply “Less Bad” on some of these things.”
We are WAY less bad. Once we work through this necessary deleveraging we will boom again, if we avoid being taken over by Socialists in the meantime.
You are correct. I’ve done great through this entire episode. We do have more of one thing in America today.
Whiny people who give up at the first sign of difficulty.
All wealth is derived from the land
think about what really truly makes a nation wealthy...I decided it is the ability to effortlessly convert assets and forces of mother nature into tangible things useful to humans.
If you want to compare wealth of nations, a good place to start is to tabulate all food and fiber produced. Energy, technology, education, currency, infrastructure, financial sector, government, laws, banking, retail, commerce...these are all things that in and of themselves are NOT WEALTH. These are merely things that facilitate wealth. When you get down to the nitty gritty, wealth is: food, clothing, and shelter. That’s it. There are some intangible things like freedom, choice, variety, self determination...but these are not easily tabulated.
Oh my god my eyes are hurting from all the bright light after I took off those rose colored glasses!
How do you like that statement about Low Inflation.What a bunch of BS.I just wonder what planet these people are living on.
They must be part of the One Percent crowd because I’m sure not.
And as far as invester protection go’s thats fine and dandy untill the Federal Government goes out and destroys the market place with their strupid decisions and regulations.
Look at what they have done to people with 401K’s.You can’t get ahead and its not just the fault of Private Industry.
Now if we could start exporting those we'd take over the market. Only thing we'd have to be able to do is prove we weren't 'dumping'...
Now before I go on, let me state that Obama is a socialist marxist who is the absolute worst president we have ever had. The only thing Obama has going for him (from our point of view) is that he is incredibly inept and in over his head. This is a good thing because had a somewhat competent marxist (like Hillary Clinton) gotten in, we'd be in much further along the socialist path.
That all said, I must say that based on my observations, the economy in the United States is still very strong. Sure, there are plenty of closed storefronts out there and a lot of retail places are going out of business. But if it was possible to go back in time to say 1992, or even 1973, I would be able to show you plenty of closed storefronts in those eras as well.
Let me tell you about my Thursday night in the Boston area. This was December 29, 2011 (in case somebody is discovering this post years from now). After work that night, my wife and I had to take care of personal business in the Boston area. Once that was done, we decided we would go out for dinner since we were in the city.
Well, forget about it. Every single restaurant in the city was absolutely slammed. There was a 2-hour wait for a table. So we decided to head out into the suburbs, up Route 1 into Saugus. Now this was around 6:30pm and Route 1 was bumper-to-bumper. We tried several restaurants and parking was near impossible and the couple of restaurants we tried to access had 1-2 hour wait. Also, we noticed that the shopping malls were jammed.
So up Route 1 we go to Route 128 south towards Woburn. On The Border, Joe's American Grill, etc., - absolutely jammed up with people. Nearly a two-hour wait in those joints. So now we decide to hit Burlington mall so that we could try Legal Seafoods. By now, it was coming up on 7:30 and the Burlington mall was so crowded that there were gridlocked lines of traffic trying to gain access. So forget that. So we try some of the restaurants near the mall. Now these are not fancy places but casual eating places like Macaroni Grill, Border Cafe, etc. Absolutely jam-packed.
Finally we end up at Margaritas in Bedford around 8:15pm. Still no easy parking so we parked in a housing area nearby. It's still a half hour wait for a table but we decided to bite the bullet. We finally get in there for a table and the waitstaff are stressed out of their minds. It ended up being a fairly decent meal but even as we walked out of there around 10pm, the place was still hopping and frenzied waitstaff were rushing to and fro with heaping plates of food and frosty margaritas.
Now that was just one night. But generally speaking, the traffic in the Boston area has never been worse. Gridlock like you wouldn't believe getting to and from work. Stores are constantly jammed and the restaurants everywhere are slammed busy night after night.
If this is a bad economy, I'd hat to see it when it starts picking up again. I might just have to hunker down in my home because I hate traffic and crowds.
I'll give you 17 Trillion reasons it isn't!!!!!
This economy is joke, unless ya think $10 an hour jobs are a sign of a great economy.
Considering what the dollar is worth, in today's America, 10 bucks is worth about 3 dollars.
If you look at BLS stats, New England is doing better than most of the country.
Interesting watching people judge the economy on how many people might be in a restaurant or mall. When the reality is, those actually working in these places earn at or minimum wage. The last nice restaurant we were in, those actually eating, mostly were elderly/retired and I would have bet, most were non-working government retirees spending their tax dollar entitlements.
All good factors. But we still have to deal with structural unemployment. We need more doctors, engineers, mechanics, nurses, scientists, welders, etc.
Judge an economy by the number of homes in the neighborhood getting home additions and new cars in the driveways. That is a rare site today, and most buy the new cars, are paying 36 plus months for them.
I’m sure all you wrote is true, even here in Tampa, Florida it depends on what your business you are in ......construction and related sectors dead....housing dead... restaurants ......fair.....retail....surviving...
I do see some new small business start ups....
I’m hearing and reading most businesses here are simply being squeezed by costs and trying to keep their doors open, but certainly not hiring anybody which long term is a problem....and not getting any better
When the SHTF I wonder if any part of the country will be a haven
Well, in that case, we’d better stay the course and re-elect Barack Hussein Obama.
Profitable businesses had to shutdown because of the credit squeeze when the SHTF
► Unrivaled investor protections
Tell that to GM bond holders and MF Global clients.
► Tame inflation throughout the crisis
I wouldn't call energy and food costs tame...
It's true we're a lot worse off since Marxist thugs took over the White House and set out to destroy so much of America's wealth --$2,549,900,000,000 in the last six months alone-- but even a Marxist thug has limits as America's created wealth is still equal to that of all the rest of the world combined!
His butchering of America's health care is especially heinous considering half the world's patent medicines are developed by Americans, and even though there are still four million fewer people working now than before O was elected, the ones that are working produce a fourth of the world's economica activity. Not bad for just 1/20th of the world's population.
2011 In Review 2012 Outlook
2011 should have settled once and for all the idea that government and the private sector are NOT a symbiotic relationship but rather a parasitic one.
2011 marked a year that the US economic growth trailed that of many 3rd world countries.
2011 saw for the first time people leaving the US for better opportunity elsewhere.
How does 2012 look?
Anyone who says it might be an improvement must not understand what caused 2011 to be so bad.
The reality is not so complicated. High taxes and excessive regulation were the culprits.
2012 promises to be as bad or worse in those areas.
So any investment strategies that assumes economic contraction and those running things really havent a clue would be wise.
As bad as things are I agree with those that said as soon as the current administration is officially a lame duck:
things will turn around so quick it will make your head spin.
Gingrich has said he doesnt expect to see a turn around until election night and that is one thing I think he is right about.
And the #1 reason the US economy is awesome?
Barack Hussein Obama needs to be re-elected. (s)
I expect to read many reports like this from the MSM until after the election.
And the #1 reason the US economy is awesome?
Barack Hussein Obama needs to be re-elected. (snicker)
I expect to read many reports like this from the MSM until after the election.