Posts Tagged ‘economy’
Why didn’t all the money spent on the Stimulus & Quantitative easing do anything to improve the economy?
February 4th, 2012 | 
Author: Question by : Why didn’t all the money spent on the Stimulus & Quantitative easing do anything to improve the economy?
All that money was spent & the economy didn’t even budge – why?
If you combine all of these packages it comes out in the Trillions – and that still wasn’t enough?
How much is?
Best answer:
Answer by Shovel Ready
Hiring an American has become an irrational act. Thanks, liberals.
Add your own answer in the comments!
Related Posts:
Tags: anything, didn't, easing, economy, improve, money, Quantitative, Spent, stimulus | 
10 Comments »
Generation Opportunity on January Jobs Numbers: For Young Americans, Including Young Veterans, the Poor Economy Sends a Double Punch in January
Washington, DC (PRWEB) February 03, 2012
Generation Opportunity President Paul T. Conway, former Chief of Staff of the U.S. Department of Labor under Secretary Elaine L. Chao, responds to the January 2012 jobs numbers report released by the Bureau of Labor Statistics:
Young Americans, including young veterans who have honorably served their nation, are being told by President Obama and his administration to settle for a new economic status quo where the lack of jobs, high unemployment, a record high number of people dropping out of the labor force, and limited economic opportunity are considered normal. Instead of being allowed to pursue their dreams and careers through meaningful work, regular paychecks, and new skills gained on the job, the ongoing poor economy is forcing young adults to delay their plans, delay their lives, and scramble to simply make ends meet.
Despite thirty-six consecutive monthly jobs reports with unemployment over eight percent and a new CBO forecast of higher unemployment in the year to come, the message from the Obama administration to young Americans is to expect more of the same higher taxes, more regulations, and more federal interference targeted at private sector job creators. Young adults pay dearly for this administrations disregard and diminishment of private employers. Their level of aloofness and lack of empathy for the daily concerns of young Americans is as astounding as it is unacceptable.
January’s 8.3 percent overall jobless rate fails to reflect the significant and ongoing challenges faced by young Americans in the continually poor economy. Joblessness among Millennials ages 18-29 is already at historic levels since the end of World War II, and hidden behind Januarys numbers is the fact that many Americans have either accepted short-term, seasonal work or simply given up looking for work and are, therefore, not factored into the unemployment rate.
Even worse, the long-term U.S. job growth picture remains grim based on an official report released this week by the Congressional Budget Office (CBO). CBOs January 31, 2012 report concluded a large portion of the economic and human costs of the recession and slow recovery remains ahead. CBO is also forecasting that the U.S. unemployment rate could reach 8.9 percent by the end of 2012, and could potentially increase to 9.2 percent in the year 2013. Finally, the report forecasts that the unemployment rate could remain as high as seven percent through the end of 2015, and that economic activity may remain below the economys potential until 2018.
Generation Opportunity commissioned a poll with the polling company, inc./WomanTrend (April 16 22, 2011, +/- 4% margin of error) and select highlighted results for all young Americans ages 18-29 appear below:
Dissatisfaction with Current Level of Employment and President Obamas Handling of Unemployment:
Related Posts:
Tags: Americans, Double, economy, Generation, including, January, jobs, numbers, opportunity, poor, punch, sends, Veterans, young |
No Comments »
Why does deficit spending not work for helping the economy?
Question by : Why does deficit spending not work for helping the economy?
i have to make a speech on why Keynesian economics doesnt work. Keynesian advocates how govt. should always bail out the economy by spending lots of money if its not doing as well as it should be.
how can i disprove Keynesian economics and what are some reasons for why it doesn’t work??
I was thinking of attacking the massive debt keynesians creates with the deficit spending and the effect the debt might have on the economy or maybe how govt. spending might not make up for real consumer spending. are any of these even right?
Best answer:
Answer by Max Molyneux
In a free-market economy, each individual chooses the products or services which best meet his needs. He then buys those needs that will allow him to continue to provide the products and services he is best able to provide to other consumers. Any money he has left over is put in the bank, and others borrow that money to help them to provide goods and services through businesses. The entire system is based on merit. In Keynesian economics, the government manipulates the supply of money by taxing and spending. This takes money out of the merit-driven free market and puts it into the hands of politicians. While the money might have been kept by the individuals who earned the money to meet their needs, it will now go to enrich lobbyists/contractors who support specific politicians.
Know better? Leave your own answer in the comments!
Related Posts:
How has the economy affected your spending?
Question by catluver42: How has the economy affected your spending?
I read a lot of articles on consumer spending being affected by the poor, economy. Has it affected you? Things haven’t changed to much for me. We’ve always used coupons. I am still shopping early and cheaply for Christmas and occasions. We are re-prioritizing a bit and I have cut down on going out to eat to once a week or less.
Best answer:
Answer by Jurijs Fadejevs
I did also cut some expenses down. but only for about 10~15%, and for me on not so important stuff.
Give your answer to this question below!
Related Posts:
UK economy contracts by 0.2 percent in fourth quarter, increasing worries of …
UK economy contracts by 0.2 percent in fourth quarter, increasing worries of …
“With the economy sticking one foot through the recession door in the fourth quarter of 2011, more quantitative easing from the Bank of England in February looks a done deal,” said Howard Archer, chief European economist at IHS Global Insight.
Read more on Washington Post
New Fed forecasts expected to suggest 2014 rate shift
Twelve of 17 dealers said the Fed will eventually announce another round of quantitative easing, with eight dealers forecasting such a program will be announced in the first half of this year. None of them expected such a move would be made this week.
Read more on Reuters
7 Agriculture Stocks That Will Benefit From QE3
Many have been saying that another round of quantitative easing could provide the boost that is needed. There is a strong correlation between easing policies and the price of agriculture commodities. As easing increases inflation, …
Read more on Seeking Alpha
Related Posts:
Is consumer spending 70% of GDP or the whole economy?
Question by Political referee: Is consumer spending 70% of GDP or the whole economy?
Best answer:
Answer by Anjaree
Are you talking about Americans?If so, the answer is YES. In developing countries, consumer spending is higher. 80% or 90% is a norm. But in some developed countries like Japan and Germany, the spending is more lower.
What do you think? Answer below!
Related Posts:
How is the high unemployment rate and poor economy Bush’s fault?
Question by : How is the high unemployment rate and poor economy Bush’s fault?
I hear this statement every time someone defends Obama, and the poor economic conditions we are in.
It’s Bush’s fault, they say. So what did Bush do to cause this bad economy? Do people who make this claim actually know what they are talking about, or are they just repeating the rhetoric they have heard?
Is it Bush’s fault because of his tax cuts for the rich? Didn’t Obama extend those tax cuts? Is it because of Bush’s spending? Didn’t Obama triple Bush’s spending? How is the high unemployment of today Bush’s fault? Thanks.
Best answer:
Answer by Rocco Lore
Still waiting for liberals to explain the 9.1% unemployment rate.
Add your own answer in the comments!
Related Posts:
US economy to lose some steam in early 2012: poll
US economy to lose some steam in early 2012: poll
Economists are also expecting policymakers to extend the payroll tax holiday through the end of the year after a two-month extension was agreed to in late 2011, though there is still a risk that political gridlock could derail it. …
Read more on Reuters
Study Finds Economic Benefits in NJ's Paid Family Leave
The Rutgers researchers said their study supports the economic value of creating a national paid family leave system, self-funded by contributions from employers and workers, which has been proposed in recent years as an extension of Social Security. …
Read more on NJ Spotlight
Mark Murphy declares for Staten Island congressional seat
Michael Grimm for voting against the extension of middle-class tax cuts and unemployment benefits and for voting to "destroy" Medicare and Social Security. "His is the Congress of 'no,'" Murphy told an enthusiastic crowd of more than 100 at his St. …
Read more on SILive.com
Related Posts:
Jobless Claims in US Decline to Almost Four-Year Low: Economy – BusinessWeek
 Bloomberg |
Jobless Claims in US Decline to Almost Four-Year Low: Economy
BusinessWeek Jobless claims, which tend to be volatile week to week around holidays, have trended down over the past month, a sign employment may pick up after payrolls grew by 200000 in December. Gains in incomes, combined with less inflation, will probably … Jobless Claims in U.S. Plunge to Lowest in Almost Four Years US Jobless Claims Plunge; Consumer Prices Hold Steady Jobless Claims Lowest Since April 2008 |
 Telegraph.co.uk |
US jobless claims fall to near four-year low
Financial Times Jobless claims dropped by 50000 to 352000 in the week ending January 14, the lowest level since April 2008, the labour department said on Thursday. It was the sharpest weekly drop since September 2005 and brought claims well below economists' forecasts … US Jobless Claims Fall Sharply US consumer index unchanged in December, jobless claims fall sharply Gold Price Digests Slew of US Economic Data |
 USA TODAY |
Treasuries Fall After Drop in Jobless Claims, Europe Bond Sales
BusinessWeek Ten-year notes erased earlier gains after a government report showed that claims plunged by 50000 to 352000 in the week ended Jan. 14, the lowest level since April 2008, Labor Department figures showed today in Washington. Investor appetite for the … Treasurys slip; Spanish auction boosts optimism US Treasury Sells 10-Year TIPS At Negative Yield For First Time Ever |
Related Posts:
QT: Will Quantitative Easing help UK economy? part1/2 (06Oct11)
Part 1 of 2: Will Quantitative Easing (money printing) help the UK economy. Short answer, no. If anyone says otherwise, they are an idiot. Recorded from BBC Question Time, 06 October 2011.