HEY!!!....I thought the economy is the worse in years???

Question

Why is Yahoo of all sights writting of how GOOD it is??

Fewer People Sign Up for Jobless Benefits, Good Sign Labor Market Remains Strong
http://biz.yahoo.com/ap/071121/economy.html


Layoffs Dip, Good Sign for Labor Market

Just try it...thanks for pointing that out...lol

Answer 1

I own a dog grooming business -- it falls into the category of Luxury Expense, if people don't have money, they're not going to be overly consumed and concerned about whether FiFi is looking so pretty. I opened shop three years ago next month. Our first year in business we averaged five dogs a day. Last year we averaged out at ten a day. This year is fifteen to twenty. I was in the red the first year, and the black last year and this. My only REAL complaint are the taxes, the more I make the more I pay out -- and it's more of an exponential scale. The better I do, the more I'm penalized.
I'd venture a guess that the only ones truly doing bad are those who didn't think things through and plan well.
As for me and mine, I will be completely debt free (save the mortgage) by September next year. And, due to great planning, I have health AND life insurance!

KR, you are correct, it IS just normal growth. But think about it. My qualifier was that this is an expendable income based business. If the economy were doing as poorly as some would have us believe, I would have to close my doors and fire my employees. I service an economically poor community, I have to base my prices on their ability to pay. I submit that those who are now losing their homes are those who did not exercise good judgement. The lenders suckered them in with incredibly low interest rates which was a risk on the part of the lender. Suddenly, the so-called bubble burst (not here) and they got caught holding the bag. These are the same folks who, during the Clinton years, lobbied the republican congress to amend the interest rate laws and then during the early Bush years lobbied the republican congress to amend the laws governing bankruptcy. You could easily then, point a finger at the republicans. But the democrats were on that same bandwagon AND each of those presidents had to bottom line the changes making them law.
I bought land at $4K an acre. It's now selling at just over $20K an acre. They are building new homes fast and furious here. Glad I have my ten acres. Room to breathe.

Answer 2

If you are a Republican you will say the apples are up and not look at the oranges.. If Dem, you will say the oranges are down and not look at the apples.. Simply put it's all in the reading of the results...
Doc.. I'm happy your business seems to be doing well but your numbers are that of normal new business growth.. The first couple years your customer numbers will be down and you will see an increase every year for a few years because you are becoming established in business and customers return and bring others if you are doing a good job. You can not judge a little growth in the FIRST few years and say the country's economy had anything what so ever to do with it. It's simply normal growth.

Answer 3

from your link
The number of people continuing to collect unemployment benefits, however, rose by 7,000 to 2.57 million for the week ending Nov. 10, the most recent period for which that information is available. A year ago, continuing claims stood at 2.43 million.

So far, decent job creation and wage growth have helped to offset some of the negative forces hitting some people, problems ranging from weaker home values to hard-to-get credit.

The national civilian unemployment rate -- now at 4.7 percent of the labor force -- is considered low by historical standards. The jobless rate is expected to slowly climb in the coming months as the economy loses steam.


which just goes to show, once again you people do not understand these figures and cannot read.

Answer 4

People do not have a lot of confidence in the economy right now. Some signs are good, others not so good. The weaker the $ becomes, the more everything costs. I find it difficult to believe, as reports suggest, that inflation is low. It takes noticeably more to live now than it did a year ago.

Answer 5

Could it be because their unemployment insurance ran out and therefore are no longer counted? Bush & company would like you to think the econmy is OK, this way they can blame the democrats when they take over next term. But we know better. Thousands of jobs have been impacted by the downturn in housing. Not just realtors...but builders, contractors, construction workers, laborers, architects, engineers, banks, mortgage companies, lumber companies, home improvements, cement companies, roofers, ma & pa shops, etc...and don't even get me started with the auto industries. I have seen with my own eyes what this economy has done to friends & neighbors that have had to sell their homes & move, or simply abandoned them. It's a sad, sad situation. I can't believe anyone falls for that "economy is alright" garbage!

Answer 6

The truth will prevail! Eventually, everyone has to admit the truth. But, any observant person can look at the adds and tell if the economy is good or bad. In a bad economy, prices will drop, because people don't have money to spend, restaurants won't be full, with waiting lines on Friday and Saturday night. The high school parking lot won't be filled to capacity with students cars.

Answer 7

You are so right and we have gone from 341,000 claims to just 330,000 claims for the week ending 11-21-07 .
So in the last 4 weeks over 1.2 million people have filed claims in just the last month .

You are so right in pointing out how great things are going .

Did you also happen to notice that the number for those filing for bankruptcy has increased steadily over the last two years .

Answer 8

I think liberals should change their mascot to something along the lines of Chicken Little. They've been screaming about the next crisis and catastrophe since Bill Clinton. And yet, oddly and amazingly, things seem to keep steaming along.

As to those screaming about gas prices, I seem to recall a year or so back when the price was close to $4. And guess what? Nothing happened. It came down and there wasn't even a blimp in the economy.

Chicken Little. That's all they are. And have you noticed? Just like Chicken Little, they also have no answers. But boy are they good at running around screaming. I wish more of them smoked dope and left the rest of us alone.

DOC: I hear ya! I'm in exactly the same boat. And the thing is, you not only pay your taxes, you pay your business taxes too, which is double taxation. Sux the big one.

Answer 9

Some parts of the economy are okay. It's a fairly complex issue and not the same everywhere depending on the kind of business you're talking about. Just because people have jobs doesn't mean they are making enough to live or thrive on. Aside from that, put any two economists in the same room and you will have two completely contradictory opinions on the state of the economy. My "economic indicators" are my wallet and bank account...

Answer 10

Easy to have good economy when you borrow lots of money...since the national debt is about 9 trillion dollars.

Basically my bank account would look great if I borrowed a million dollars every month...but eventually I gotta pay off the loans and how do I do that? Simple...(and just like those in power are doing) I make my children pay it off somehow...how? I don't care since I will dead by then