|
Users viewing this topic:
none
|
|
Login  | |
|
How Is This For An Investment?? - 10/31/2009 4:38:15 PM
|
|
|
clydewolf
Posts: 42
Joined: 8/6/2009
Status: offline
|
The Obama administration reports that they have looked at $150 Billion of the stimulus money and have created or saved about 650,000 jobs through September 30,2009.
Let's do some math here, that calculates out to about $230,769 per job!
According to the Census Bureau figure, the American worker age 25 to 64 averages about $32,000 per year. (http://en.wikipedia.org/wiki/Average_Joe#Income)
Time for more math, $230,769/32,000/year = roughly 7 years. The $230,769 could pay the average worker salary for about 7 years!
More shocking is the fact that the power that be in DC think this indicates the stimulus has been effective.
|
|
|
|
|
RE: How Is This For An Investment?? - 10/31/2009 7:42:27 PM
|
|
|
clydewolf
Posts: 42
Joined: 8/6/2009
Status: offline
|
"I don't think we'll see true economic recovery in the U.S. until the jobs situation REALLY improves. "
That true economic recovery will happen when we consumers start spending again. But too many consumers are fearful of losing their job, having the hours cut, or whatever else will trim our income.
Here is a CBS 60 Minutes interview with David Walker former Comptroller of the US. This is a bit scary. http://www.cbsnews.com/video/watch/?id=2534935n
|
|
|
|
|
RE: How Is This For An Investment?? - 11/10/2009 5:53:11 PM
|
|
|
AnalystsAreUs
Posts: 186
Joined: 4/12/2005
Status: offline
|
I have always said that Obama is clueless about economics. His Reganonmics spending plan will not work. The economy has racially changed since Regan was in office. We are shipping U.S. jobs by the truck load to other countries. So sure he may get a few jobs for a year or two but those jobs will be shipped overseas when someone finds a loop hole. With no jobs, no one will be able to pay taxes. With no taxes, the deficit will just sky rocket. This will only lead of hyper inflation. China is already demanding protection against inflation. They apparently understand economics better than Obama does.
_____________________________
The needs of the many depend on the courage of the few.
|
|
|
|
|
RE: How Is This For An Investment?? - 11/10/2009 7:29:18 PM
|
|
|
GroupW
Posts: 2533
Joined: 11/16/2007
From: Up in the hills of Colorado (very BIG hills...)
Status: online
|
With no jobs, it's tough to get hyperinflation.
Unless the velocity of money picks up remarkable steam remarkably quickly, we are very unlikely to see substantial money growth which would be a prerequisite for hyperinflation which is fundamentally a monetary issue rather than a fiscal one. So far we've not seen enough growth in the monetary aggregates to be worried about modest inflation much less hyperinflation.
Overall we could actually use a little bit of inflation right now. Kind of like a glass of wine - a little can help, while a lot makes you say things you shouldn't, do things you regret, and pay a nasty little price the next day.
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
|
|
|
|
|
RE: How Is This For An Investment?? - 11/10/2009 7:57:49 PM
|
|
|
GroupW
Posts: 2533
Joined: 11/16/2007
From: Up in the hills of Colorado (very BIG hills...)
Status: online
|
quote:
ORIGINAL: clydewolf
"I don't think we'll see true economic recovery in the U.S. until the jobs situation REALLY improves. "
That true economic recovery will happen when we consumers start spending again. But too many consumers are fearful of losing their job, having the hours cut, or whatever else will trim our income.
Here is a CBS 60 Minutes interview with David Walker former Comptroller of the US. This is a bit scary. http://www.cbsnews.com/video/watch/?id=2534935n
Could also be more of a traditional recovery that's investment led.
Seems to be what the data are implying. Inventory replenishment and investment have been known to kick off recoveries too.
Will be interesting to see how this recovery plays out given the debt overhang on the consumer side, but reasonably levered corporate balance sheets and decent productivity growth.
It's doubtful that we see the 6% GDP growth rates we saw after the last deep recession, but 3-4% isn't unreasonable.
_____________________________
“For every problem, there is a solution that is simple, elegant and wrong.” -H.L. Mencken
"Most people would rather die than think; in fact, they do so." -Bertrand Russell
|
|
|
|
 New Messages |
 No New Messages |
 Hot Topic w/ New Messages |
 Hot Topic w/o New Messages |
 Locked w/ New Messages |
 Locked w/o New Messages |
|
 Post New Thread
Reply to Message
Post New Poll
Submit Vote
Delete My Own Post
Delete My Own Thread
Rate Posts |
|
|
Forum Tools
Printable Version
MARRIED TO A MILITARY PILOT ~ PLEASE PRAY FOR OUR TROOPS! 