Meanwhile, the stock market is at an all-time high. http://www.reuters.com/article/2014/05/29/us-usa-economy-idUSKBN0E918F20140529
While the decline in exports was not as severe as initially thought, import growth was stronger. That resulted in a trade deficit that sliced off 0.95 percentage point from GDP growth. A measure of domestic demand that strips out exports and inventories expanded at a 1.6 percent rate, rather than a 1.5 percent rate, indicating underlying strength in the economy. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased at a 3.1 percent rate. It was previously reported to have advanced at a 3.0 percent pace.
And why does it matter? Butthurt over someone else making $.01 more than "you?" What really matters is whether people can afford housing, transportation, food, school, etc. That is not a problem, since more than half the families in the US make $51K or more.
If the economy is getting worse, and the stock market is going up, then somebody is making money, while the country is struggling.
Well since more than half of the families in the US make more than $51k, I guess the other half definitely can't be below the poverty line? I don't get upset when someone makes a cent more an hour than me, I get upset when someone 12% more than me to do the same job. And I get upset when someone makes more than 7 orders of magnitude more than me.
Between 13% and 16% are below the poverty line. Has been that way no matter what the income inequity has been. So I ask again, why does it matter to you why someone makes more than you? It's your fault for not negotiating your own compensation fairly, or you simply aren't worth it.
Let them eat cake! This is why every day I secretly PM everyone, preparing to steal Denny's money. Everything's all set.
This seems to be as good a thread to post this as any. Democrats complain the republicans obstruct Obama's agenda. What we got for the obstruction is all the 8M jobs lost have been recovered. Barfo was quick to point out how the across the board sequester was going to cost the GDP some amount of $billions. Yet we had 2.5% and then 4.1% GDP growth. Then they got together and compromised to end the sequester and here we are at -1% growth. When we have tried austere measures, they've only heated things up for the better. Paul Krugman is just wrong about everything.
More evidence that the real world acts differently than Krugman claims. http://mobile.bloomberg.com/news/20...imf-got-it-wrong-on-rallying-u-k-economy.html Lagarde Says IMF ‘Got It Wrong’ on Rallying U.K. Economy
