US rescission ?

Jan 19, 2009
5
0
#1
We all know that all over the world their is a discussions about a rescission going hot on all the tables of the Economists and the data we get also suggest that there is a possibility of some stages of growth to be reduced. According to you how much time will the rescission rule the US?
 

myp

Site Founder
Jan 14, 2009
5,841
50
#2
The United States is going to be hit especially hard during this recession because a lot of the problems did originate here. The length of the recession really depends on how the governments of the world and the global markets react to the situation as it progresses.
 

The Parakeet

Retired Moderator
Jan 19, 2009
639
2
#3
I figure it will be tough for another two years. I'll note that it really isn't a recession yet. We are still growing (Our GDP is at least), just not as fast and some sectors have taken a big hit.

This was primarily a crisis of confidence and bad banking policy . The underlying economy is still pretty strong and is mainly just suffering from a bit of shock. Once the finance sector sorts itself out, I don't think it will be too bad.
 
Jan 29, 2017
26
15
Between the mountain and the sea
#4
The bottom line is that Obama failed MISERABLE during the recession. He took many times the time it took Reagan to recover from a WORSE recession. :eek:

BZZZT Wrong on all counts!

The 2008 economic collapse occurred during the Bush jr recession that was already in progress since it started in December 2007.

The Great Recession that followed required extraordinary measures to prevent a worldwide economic collapse which Obama assisted Bush jr in putting in place to stave off the immediate crisis.

It was the blind partisan obstruction by the GOP that prevented Obama from implementing additional measures that would have eased the impact of the Great Recession sooner rather than later.

To allege that Reagan recovered from an "even worse recession" is utterly bogus since it was nowhere near as severe. Furthermore Reagan had the advantages of Volcker's policies and a Dem Congress willing to spend on building up the military. Compare that to Obama being stymied by the GOP whenever possible after a collapse caused by decades of Republican fiscal malfeasance and the facts speak for themselves.
 
Oct 25, 2012
3,775
614
Louisville, Ky
#5
The truth is, it was a "little" bad on 1/20/2009, but got a LOT worse after that, which CANNOT be blamed on Bush! Obama was in charge! And he did all the WRONG things!
It would seem you feel entitled to create your own facts and truly believe them....this is an unfortunate affliction. Interesting considering how much you love touting the stock market.
"Since President Barack Obama first took office:
Homicides have dropped 13 percent, but gun sales have surged.

The economy has added more than 9 million jobs, and the jobless rate has dropped to below the historical median.

The number of long-term unemployed Americans has dropped by 614,000 under Obama, but it is still 761,000 higher than at the start of the Great Recession.

Corporate profits are up 166 percent; real weekly wages are up 3.4 percent.

There are 15 million fewer people who lack health insurance.

Wind and solar power have nearly tripled, and now account for more than 5 percent of U.S. electricity."

Obama?s Numbers (January 2016 Update)
 
Likes: 1 person
Feb 8, 2013
1,172
173
just past the moons of Jupiter
#6
It would seem you feel entitled to create your own facts and truly believe them....this is an unfortunate affliction. Interesting considering how much you love touting the stock market.
"Since President Barack Obama first took office:
Homicides have dropped 13 percent, but gun sales have surged.

The economy has added more than 9 million jobs, and the jobless rate has dropped to below the historical median.

The number of long-term unemployed Americans has dropped by 614,000 under Obama, but it is still 761,000 higher than at the start of the Great Recession.

Corporate profits are up 166 percent; real weekly wages are up 3.4 percent.

There are 15 million fewer people who lack health insurance.

Wind and solar power have nearly tripled, and now account for more than 5 percent of U.S. electricity."

Obama?s Numbers (January 2016 Update)
And unicorns defecate rainbows.
 
Jan 29, 2017
26
15
Between the mountain and the sea
#7
The truth is, it was a "little" bad on 1/20/2009, but got a LOT worse after that, which CANNOT be blamed on Bush! Obama was in charge! And he did all the WRONG things!
From the above it is patently obvious that you know less than nothing about how either federal budgeting works or the impact that the Republican/Libertarian DEREGULATION malfeasance has had upon the economy and its dire impact upon hardworking Americans.

Not that I am singling you out. A great many of my fellow citizens are unaware of how their meager wealth has been stripmined by the Republican/Liberatian agenda that began with St Reagan and continues to this day..
 
Jul 26, 2009
5,666
406
Opa Locka
#8
From the above it is patently obvious that you know less than nothing about how either federal budgeting works or the impact that the Republican/Libertarian DEREGULATION malfeasance has had upon the economy and its dire impact upon hardworking Americans.

Not that I am singling you out. A great many of my fellow citizens are unaware of how their meager wealth has been stripmined by the Republican/Liberatian agenda that began with St Reagan and continues to this day..
Don't feed the troll.
 
Jan 29, 2017
26
15
Between the mountain and the sea
#10
You obviously don't understand that OVER regulation causes job loss (both going overseas and AWAY completely), and much higher prices and even shortages.
Most

Prove that "over regulation" is causing job losses in real numbers.

The incentive to manufacture overseas is simply the lower cost of labor which is a factor of the cost of living here in the USA versus overseas and has nothing whatsoever to do with "over regulation".

Most of the corporations that whine about "over regulation" do so because they have been caught doing something wrong. The coal industry has been strip mining and causing massive pollution and now they are being held accountable by the government OF the People and FOR the People for the damage that these corporations have done to the land of We the People.

Government regulations are the only tool that We the People have to protect ourselves from corporations ripping us off.
 
Likes: 1 person
Oct 25, 2012
3,775
614
Louisville, Ky
#11
Do you live under a rock or something??? EVERYBODY knows that thousands and thousands of workers in coal country have lost their jobs due to government interference with excessive regulations.

20,000 jobs lost under OBAMA, and that is just up to 2015; a bunch more since then.

I suppose I am not part of "Everyone" because my intellect does not allow me to limit my knowledge to singular talking point methodology when evaluating complexity.
 
Likes: 1 person
Jan 29, 2017
26
15
Between the mountain and the sea
#12
Do you live under a rock or something??? EVERYBODY knows that thousands and thousands of workers in coal country have lost their jobs due to government interference with excessive regulations.

20,000 jobs lost under OBAMA, and that is just up to 2015; a bunch more since then.

Facts are not your friends, are they?

Coal mining job losses stem from AUTOMATION rather than regulations.

TheMoneyIllusion » Coal jobs were lost to automation, not trade

So why have so many coal jobs disappeared? The answer is simple, automation. We are producing nearly twice as much coal as when I was young, and we are doing so with far fewer workers.

Some commenters think that job loss due to automation is less painful than job loss due to trade. In fact, they are equally painful. Jobs lost to automation don’t occur gradually over time, through attrition, they occur in waves, often during recessions. Thus in steel, 1000s of jobs are lost when US Steel or Bethlehem shut down old mills, and Nucor and Chaparral open new more efficient mills in other parts of the country. Lots of steel jobs lost in Pittsburgh are replaced with a smaller number gained in Texas.

Something similar happens in coal. Big new strip mines in Wyoming use huge shovels that replace 100 workers in a West Virginia mine that shuts down.
https://www.bloomberg.com/news/articles/2014-06-17/the-epa-doesn-t-kill-coal-jobs-better-mining-does
 
Oct 25, 2012
3,775
614
Louisville, Ky
#13
By "everyone", I meant "everyone who watches nightly network news". Sorry for the confusion. :rolleyes:
My bad...I had assumed you meant everyone who had actually researched and understood the complexities of energy production, mining, and actually lived in coal country. My silly assumptions even went so far as to read your little chart and note the steady decline in coal production long before Obama was even old enough to drink even though it deals with far more than coal.
Strangely I tend to evaluate multiple data points rather than spew pointless diatribe to pretend I'm brighter than I am....silly me.
 
Likes: 1 person
Jan 29, 2017
26
15
Between the mountain and the sea
#14
They INDEED are! When automation replaces humans, it is ALWAYS done to increase PRODUCTIVITY. With increased productivity, naturally is INCREASED output. So if all that REALLY happened, the we would see RECORD coal production. Since the OPPOSITE has happened (production WAY down), all of the ASSUMPTIONS by others on this thread of what really happened are FALSE.
n
Now you are conflating two entirely UNRELATED items in a fallacious attempt to support your unsustainable premise.

The decline in coal USAGE corresponds with alternative energy sources such as nuclear and natural gas. As with any technology that is in decline it would experience a corresponding decline in employment that has NOTHING whatsoever to with regulations.

Labor has ALWAYS been one of the most expensive aspects of any industry and automation to reduce labor costs is a given wherever and whenever possible in order to maximize profits. Yes, this results in declining employment in the industry but it has ZERO to do with regulations.

Onus is entirely upon you to prove that regulations were passed that resulted in significant drops in employment. For instance if you could point to an existing mine being shut down because it was polluting the habitat of an endangered species then you might have a point but you alleged 20,000 job losses so that is going to take a lot of such instances. And FTR the coal industry in WV has a special exemption so it doesn't have to obey any such EPA regulations.
 
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Likes: 1 person
Oct 25, 2012
3,775
614
Louisville, Ky
#15
Renewable energy capacity overtakes coal

The International Energy Agency says that the world's capacity to generate electricity from renewable sources has now overtaken coal.
The IEA says in a new report that last year, renewables accounted for more than half of the increase in power capacity.
The report says half a million solar panels were installed every day last year around the world.
In China, it says, there were two wind turbines set up every hour.
Renewable energy sources, such as wind, solar and hydro are seen as a key element in international efforts to combat climate change.
At this stage, it is the capacity to generate power that has overtaken coal, rather than the amount of electricity actually produced.
Renewable energy capacity overtakes coal - BBC News
 
Oct 25, 2012
3,775
614
Louisville, Ky
#16
The bottom line is that once excessive regulations come to an end, U.S. coal production will increase dramatically, and many of the 180,000 jobs lost under Obama will indeed return. :cool::cool::cool:
Uninformed fantasy is not an attractive replacement for reality.
 
Jan 29, 2017
26
15
Between the mountain and the sea
#17
IF decrease coal production was due alternatives being used, it would be a very gradual drop over decades. Not a massive drop in 5 years! Kindly try to be realistic!

Projected coal use has the steepest ramp up of all sources! So it is hardly in the "going away phase". The ONLY reason production is down in the U.S. is excessive REGULATION. Notice how "renewables" have a very gradual slope, almost flat.

Now you are just flailing around with irrelevant distractions that have nothing whatsoever to do with employment in the US coal industry.

You have not produced anything that substantiates your bogus allegation about regulations and that says volumes.
 
Jan 29, 2017
26
15
Between the mountain and the sea
#18
I have decided to not feed the troll(s) anymore, so this is my last word on this thread! :D
That you have failed completely to prove your premise that regulations cost the coal industry 20,000 jobs is duly noted and your concession on your baseless position is accepted.

Have a nice day!
 
Likes: 2 people
Oct 25, 2012
3,775
614
Louisville, Ky
#19
Show how BIG demand for coal in the many, years to come, along with reduced regulation/gov't. interference will NOT result in a booming U.S. coal industry!

If you cannot, you are simply PISSING in the wind! :D

How does one "show" future demand....or anything in the future for that matter?
 
Likes: 1 person
Aug 27, 2010
211
12
Reynoldsburg, OH
#20
darklord, et al,

Oh, the timetable is not the important part. It is building and reshaping the face of America and dumping the 20th Century thinkers in Washington.

We all know that all over the world their is a discussions about a rescission going hot on all the tables of the Economists and the data we get also suggest that there is a possibility of some stages of growth to be reduced. According to you how much time will the rescission rule the US?
(COMMENT)

The "American Society of Civil Engineers" has the right idea. To make a new beginning, American has to want to improve. It has to want to be first among industrialized nations of the world.

Propose practical solutions to maintain & modernize our nation’s deteriorating infrastructure

In addition the American Society of Science and Engineering has this idea that America should strive to:

"Exercise worldwide leadership in Science engineering,"
"Science international communication and collaboration," and
"facilitate international cooperation in matters pertaining to engineering education."

Both are committed to make America one of the most influential R&D centers in the world. America must become a new Alexandria for the 21st century; the center of the world --- attracting brilliant theorists and becoming the place where dreamers of science will want to come and flourish.

To do that, American needs a new kind of leadership in Washington that thinks past their petty political ends --- and the new breed that thinks more highly of leaps in science and technology and the development of America.

Yes, the "IT" is very important.

Most Respectfully,
R

 
Likes: 1 person