America is back!

[marcinstl]

http://www.businessinsider.com/atlan...-update-2015-6

GDP up 1.9%.

(the buzz in farm news is that Monsanto is looking to merge with Syngenta. that would A) let the worlds biggest seed company merge with the worlds biggest pesticide company and B) let Monsanto move it's headquarters (incorporation and tax liability) to Switzerland. see, that's how a global economy works. )

[Armybrat]

From the comment section:

If things were really good than why does Fed keep interest rate peg to Zero???

It's a house of cards that's making Wall street richer while the average Joe is worse off than ever with his underemployment.

[berettabone]

.........................and every time someone farts with a northern wind, the stocks go up, the stocks go down.......................pick some numbers that the public will believe, and we're good to go. When they finally do raise rates, the market will take a crap. They say the same thing about the housing market. Up one month, down the next. Like Global warming................it gets hot, it gets cold, it rains, it doesn't rain. Same S#!T, different dat.

[getsome]

It entirely depends on which numbers you listen to...Per Obummer we are in the boom times with no inflation, no unemployment with jobs everywhere and the sun is coming up over the Big Rock Candy Mountain any minute now....

The real truth is that we have 48 million people on food stamps, inflation is up on most essential things we have to buy and wages are stagnant...Real unemployment is about 16% and well over 20% in the Black community...New jobs created are mostly part time minimum wage and lots of us older folks have given up trying to find work....The future doesnt look too good either...It has taken this President just 403 days to increase the national debt another Trillion dollars....Medicare is due to be insolvent in 2030 with Social Security in 2033 and NOBODY, Democrat or Republican has a clue how to fix it except to kick the can on down the road....

The Fed has said they are going to raise interest rates later this Summer and when they do the Stock Market is going to crash so if you have any stocks you need to move them into something safer NOW before it happens because once it starts it's going to snowball fast....

Folks we are in a world of hurt and the future doesn't look to bright either and our children are really going to feel the pain for this mess our government has put them in....If you really want to get mad and see where we are headed read this:

https://www.informationstation.org/k...Fdg8gQoddjQAzA

God Help Us

[JohnR]

1.9% isn't much to write home about, it's just more than the last report.

[muggsy]

1.9% is a stagnant economy. Even with the baby boomers leaving the work force in droves we aren't creating enough jobs for the young people coming into the work force. We still have 92,898,000 Americans unemployed. That's one in ten Americans unemployed. That's what you get when you have a community organizer with no leadership skills running the country.

[JohnR]

It's also what you get after five generations of cultural and educational sabotage so today's yoots are vitually unemployable. No wonder we have to import workers.

[marcinstl]

what, GDP up 2% for the second quarter, no applause for american business? you guys wouldn't be happy if jaysus came back and had blond hair and double D's.

[muggsy]

American Business men know how to make a buck even with an A-hole in the oval office. No surprise there.

[JohnR]

We know that the government lies about figures like this, and that it will be revised in a month or two. It's not our first rodeo.

[Armybrat]

what, GDP up 2% for the second quarter, no applause for american business? you guys wouldn't be happy if jaysus came back and had blond hair and double D's.

Correct, if he looked like Caitlyn.

[TheTman]

I don't think America is ever coming back. Too much industry has left for foreign shores, with less taxes and no EPA or OSHA and other Govt bureaucracies to drive the cost of doing business up. Not that I want to pollute the earth or have unsafe working conditions, but these agencies go overboard with their rules and regulations. Granted that most jobs are in small businesses, but it would be nice to see some of the factories and auto plants and steel mills and things come back to life. And starting even a small business is a nightmare anymore. I tried to run a small custom computer business for awhile, doing custom installations for small businesses, but the big boys were too much competition, even when I could provide a better customized product for half the price. Plus the paperwork was a nightmare, then my parts wholesaler shut down, and so I did too. I still build custom computers once in awhile, but not many people really need one, unless they are doing audio or video mastering, or something along those lines that an off the shelf computer doesn't quite work out. Most professionals like to go with Apple products anyway, which you can't customize very much, maybe add a hard drive or something. You can order what you need straight from them. I'm a PC person, but I admit Apple handles "artistic" type stuff better than the PC platform does. Although PC is getting better.

[muggsy]

We've been further down than this before. Never underestimate the power of American entrepreneurship. We did it before and we can do it again. (Say that might make a catchy little tune.)

[marcinstl]

http://www.businessinsider.com/map-r...eal-gdp-2015-6
here's a map of states resized to their GDP. is your sate a producer or consumer? some states like NM or MT look like they just take up space. look at the difference in MO and IL. (almost none of that GDP comes from "down state", it's all large metro areas). go Chicago. if it weren't for STL and KC, MO would be a blank spot on the map.
here's a question-- why do people in non-producing states, areas get to vote? why do the "down staters" even get a voice. buck up or shut up.

[Bawanna]

I don't think MT or NM would be consumers really. Lots of wide open spaces, tons of common sense and folks just getting along.

You could break that down within state too. In my state of Washington most of the production is west the mountains. Busy roads, congestion, liberals and democrats behind every bush. The east side is like MT, more open spaces, kinder folks, little more laid back life style. I'll take the east side everytime myself.
Sadly I'm still on the west side with all the morons.

The east side votes usually don't count, just not enough folks. Heck King County pretty much decides what's what for the whole state. People living on top of each other.

Like to move to Wyoming myself, maybe Montana, Colorado.

Everybody pushing for 15 dollar minimum wage, who wants to start a business with that?