Economy, Why does the fed and media say it is improving? Is this just political???

Question

Why would anyone believe our economy is improving, or better yet a strong economy??? Nothing has changed to make us feel this way. Just a couple facts:

-umemployment is up in January
-Americans savings are down
-we low buying power
-raises are much harder to come by

who really cares about retail sales in december, it came at a high cost, the savings of americans. Also the real determinant of the economy is the supply and demand of money. Savings being down, and americas debt being up would lead to a low supply pointing to a weak economy. Why on earth is this a good economy and who is it good for (a republican bid for the white house)?

HEY Jerry, are we living in the same country??? I graduated college a year ago and do not know anyone who can find a decent job whoe graduated with me. Furthermore, we should not be happy about low interest rates, we should be concerned that more and more people are in debt. And wages increasing, if you are refering to minimum wage you better just kill your self now because I think you are just a little disconected from the world around you.

Answer 1

I agree with you completely.

I live in SE Michigan and it is dismal around here. (I, myself, have a couple of degrees and am working at a retail job paying around $7.00 per hr.)

I think the economy is in the toilet!



EDIT:

It's easy to lower the gas prices when you have artificially inflated them so that you will not lose your profit margin...They are still a hell of a lot higher than they have been.

...

Answer 2

The stock market it soaring! However the stock market is just one piece of the economic puzzle, not the entire puzzle. People did get an increase in their SS however they increase the medical part of there bill has increase also. Therefore they are many senior are getting less in the SS check. More houses are in foreclosures. Why is housing foreclosure such an important part of the picture. Because the banks are not going to be able to swollow the losses. This will eventually come out in the interest rates, how else are the banks going to be able to make up the monies they have lost! When the fiscal year closed in September of 06 we were 1 point away from going into a recession. Anybody who has money in the stock market now would be the time to put it into a low risk investiment or the losses are going to be of maginatude of the great depression. Especailly when one considers that we haven't even started paying for the war in Iraq!!

Answer 3

We seem to be getting a lot of mixed messages lately. On the 4th of July it was reported that the unemployment rate hit a nine-year high. The unemployment rate currently sits at 6.4%, a level it has not been at since Clinton's first term in office. Not all the news is gloomy for the United States however. The Organization for Economic Co-Operation and Development or OECD for short issued a recent report indicating that both the American and Canadian economies are about to enjoy increased growth.

Answer 4

i'm of the opinion that the above are the symptom of an issue. even as the above have a hand in pastime employment(or lack thereof) the authentic problem lies in how the commercial equipment is administered. maximum authorities help the Keynesian sort which calll for heavy gov. intervention. the challenge is that politicians who're no longer educated in economics will attempt to regulate the equipment from conserving a good economic value to recuperating the commercial equipment. This even with intentions will deliver about complications because the medication is often really bitter and few human beings ought to favor it. as an party the Republic of Panama pronounced a non Keynesian modal. This had the income of low gov intervention. result's rather low and consistent inflation. contained in the proper I recommend inflation concentration fairly than economic concentration because the commercial equipment and persons wealth are tied up with inflation fairly than economic intervention. second banks used a type of loans referred to as reserve loans. even as loans are literally not in and of itself undesirable the nature of the reserved loans(rl) makes use of and holds depositors funds at disadvantages because it is the deposits of the transaction money owed(reserves) it truly is loaned out. Ethics aside which means if the monetary company loses the loan the depositors will lose a number of their funds fairly than the monetary company. this will not be able to be seen as banks frequently juggle their backup reserves so little functional discrepancy is pronounced. it truly is merely even as a simultaneous withdrawal surpassing their finished percentage loaned+decrease back up funds occurs that you will see that the monetary company going bankrupt. hence complications from inflation to lack of money may be seen

Answer 5

Because the economy is up--if you're a millionare. Corporations are doing better now than ever before. When the government says the economy is up, they mean that companies are doing well, stocks are up, profits are up. The government couldn't care less about personal savings, unemployment, etc. Government = big business.

Answer 6

The economy is the best it's been in 25 years son. What, 3 million new jobs in 5 years, wages up and about to increase again, mortgage rates around 6.5%, all time high for new home sales, housing starts on the up again, gas prices coming down from $3 a gal., prime rate 8.25%, 21% under Jimmy Carter, stock market at all time high, investors say market is strong, consumer confidence at all time high. Retail sales my friend is an indicator of consumer confidence. No signs of inflation. Social Security payments just increased. My comany can't find enough qualified workers. Job market is abounding. If the economy gets any better, Dems will have to stop criticizing Bush.

Answer 7

You miss the bigger point...the national debt is SOARING! the "economy" always improves in the SHORT TERM when you rack up huge debts, just like your personal "economy" seems good when you make huge cash withdrawals from your credit cards...lots of money in your wallet!!!

But the Long Term is crap.

Answer 8

these are morons, they say this crap to get addle minded people like rush limbo worked up, we are now a nation importing more food than we export, if this is so why do we need mexicans here ? these guys who say this foolish stuff like some executive deserves 20 billion a year are anti American they are the scum bags that gave birth to the commies.with their insane greed.

Answer 9

Just remember, Repukes and Bush's Neocons are notorious using every mean to get their immoral agenda imposed on US.
LIES , LIES and LIES is all what we will hear from Repukes till they'll be ousted from key decision making.
They Lied about IRAQ'S WAR and still do.
They lied about Unemployment
I'd rather have a President lying about his sexual affairs than a President that Lies and 6000 US soldiers die and 25,000 maimed for life.

Answer 10

The White House obviously has to say so.

And the corporate media has to say so.