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  • How's the economy doing?

    Some say its wonderful, the economy is just roaring back to life.
    Others say its still just a flat-line that is going nowhere except for the fat-cats on Wall Street.

    What say you?

    I'm not optimistic, not about this.
    We could call it a verdict on Obamanomics if you like, but if you really want to get depressing you could say that he's just the straw that broke the nation's back.
    Democrats sure will, once a Republican is in office and suddenly its all doom & gloom from that day forward, again.

    https://www.youtube.com/watch?v=bYkl3XlEneA
    24
    Its wonderful, thanks Obama!
    20.83%
    5
    Its okay, things are bound to get better someday
    20.83%
    5
    Flatline
    29.17%
    7
    Its worse, Obamanomics must be reversed
    16.67%
    4
    Total disaster, and worse is sure to come
    12.50%
    3

    The poll is expired.

    "Why is the Rum gone?"

    -Captain Jack

  • #2
    2% growth = No Growth = Flat line.

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    Watts Up With That? | The world's most viewed site on global warming and climate change.

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    • #3
      Hi ya Doc...how's about another chart?

      '09 -'10 increased by almost 6%...whattya mean 'flatline'? Don't you think that the booming 'economy' in the PRC had something to do with the (slow) growth of the US economy?
      ARRRR! International Talk Like A Pirate Day - September 19th
      IN MARE IN COELO

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      • #4
        Hear that loud, sucking sound coming up behind you very fast?

        That's the economy.
        Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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        • #5
          Originally posted by Jose50 View Post
          '09 -'10 increased by almost 6%...whattya mean 'flatline'? Don't you think that the booming 'economy' in the PRC had something to do with the (slow) growth of the US economy?
          What sort of "math" yields a 6% increase from 2009-2010? A -2.8% contraction in 2009 and a 2.5% expansion in 2010 yields a -0.3% contraction over the two year period.

          Even if I take 2009 out of the average, it's an average growth rate of 2%.

          How could the growth of the Chinese economy have a negative impact on the US economy? It's a global economy.
          Watts Up With That? | The world's most viewed site on global warming and climate change.

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          • #6
            Of course, it's a little different for those who make a living gouging the American public...
            Quis Custodiet Ipsos Custodes? Who is watching the watchers?

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            • #7
              ...let's see...-2.8 goes up to +2.5....that's a climb of (I'm sorry, NOT 6%)..it's only +5.3%
              ARRRR! International Talk Like A Pirate Day - September 19th
              IN MARE IN COELO

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              • #8
                ...don't get me wrong you guys. I agree that the economy sucks and IMO the PRCs had something to do with it.
                ARRRR! International Talk Like A Pirate Day - September 19th
                IN MARE IN COELO

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                • #9
                  Originally posted by Jose50 View Post
                  ...let's see...-2.8 goes up to +2.5....that's a climb of (I'm sorry, NOT 6%)..it's only +5.3%
                  It's -0.4%.

                  Try to follow along, this will involve basic arithmetic.
                  Take 100.

                  Knock off -2.8%.

                  You get 97.2.

                  Now grow the 97.2 by +2.5%.

                  You get 99.6.

                  100 to 99.6 is a contraction of 0.4%

                  I can write out the equations for you if it will help.
                  Watts Up With That? | The world's most viewed site on global warming and climate change.

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                  • #10
                    Originally posted by Jose50 View Post
                    ...don't get me wrong you guys. I agree that the economy sucks and IMO the PRCs had something to do with it.
                    How?
                    Watts Up With That? | The world's most viewed site on global warming and climate change.

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                    • #11
                      Originally posted by The Doctor View Post
                      How?
                      PRCs is a mystery to me too.... China?
                      They are crashing too.

                      Maybe he's referring to the fact that since 2000, the US share of the world's GDP has dropped from 31% to 21%.
                      "Why is the Rum gone?"

                      -Captain Jack

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                      • #12
                        No, see if you can follow this reasoning...
                        according to your chart, the economy was -2.8 in 2009,
                        by 2010, the economy was +2.5....
                        we didn't start at 100, we started at -2.8 and went UP to +2.5
                        that's an increase of 5.3
                        get it?
                        ARRRR! International Talk Like A Pirate Day - September 19th
                        IN MARE IN COELO

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                        • #13
                          Saginaw County lost more jobs then was created the past 20 years. The biggest lost, manufacturing, the biggest gains, business services, education, and health services. Total change, 5% loss of all jobs. This does not take into consideration the loss of wages and hours of those still working.
                          http://www.mlive.com/news/saginaw/in...cline_whi.html
                          “Breaking News,”

                          “Something irrelevant in your life just happened and now we are going to blow it all out of proportion for days to keep you distracted from what's really going on.”

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                          • #14
                            Originally posted by Jose50 View Post
                            No, see if you can follow this reasoning...
                            according to your chart, the economy was -2.8 in 2009,
                            by 2010, the economy was +2.5....
                            we didn't start at 100, we started at -2.8 and went UP to +2.5
                            that's an increase of 5.3
                            get it?
                            The y-axis of the chart is labeled, "Percent." This may help...

                            https://www.mathsisfun.com/percentage.html

                            If you can't handle percentages, here are the same data in millions of dollars...
                            Year... GDP... Annual Change... Cumulative Change
                            2008 $14,830... $-....... $-
                            2009 $14,419.. $(412).. $(412)
                            2010 $14,784... $365... $(47)
                            2011 $15,021... $237... $190
                            2012 $15,355... $334... $524
                            2013 $15,583... $229... $753
                            2014 $15,962... $378... $1,131

                            At the end of 2010, the GDP was still lower than it was when Maobama took office.
                            Attached Files
                            Last edited by The Doctor; 11 Sep 15, 15:52.
                            Watts Up With That? | The world's most viewed site on global warming and climate change.

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                            • #15
                              Originally posted by Jose50 View Post
                              No, see if you can follow this reasoning...
                              according to your chart, the economy was -2.8 in 2009,
                              by 2010, the economy was +2.5....
                              we didn't start at 100, we started at -2.8 and went UP to +2.5
                              that's an increase of 5.3
                              get it?
                              No, the economy wouldn't be considered to have gained 2.5%

                              Think of it this way:

                              I invest $100 in the stock market. I lose 2.8 % when stocks go down, and I now have $97.20. Later stocks go up 2.5% and I now have $99.63. What value you want to start at is irrelevant. The economy lost 2.8% of its value and the next period of measurement gained 2.5% That's an overall loss.

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