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View Diary: Just 169,000 jobs added in August. June and July revised downward. Unemployment rate at 7.3% (45 comments)

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  •  Bottom line: The economy is stagnant. (1+ / 0-)
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    The administration needs to focus on job creation and stop dancing with the Pubs on deficit reduction and Syria.
       He needs to go public with an analysis of what's wrong with the economy and what can be done about it.

    •  WRONG. "The economy" is FINE. (2+ / 0-)
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      Meteor Blades, Eric Nelson

      "The economy" is not stagnant.

      GDP has grown in every quarter starting in 2009, and was just revised upward for last quarter:

      Just look at how corporate profits continue to skyrocket:

      "The economy" is doing just fine, thanks. The problem is that more and more Americans are superfluous to "the economy."  

      How can that be? Nobel winner Stiglitz explains--offshoring & automation--and that long-term those will get worse, not better:

      "The true strength of our nation comes not from the might of our arms or the scale of our wealth, but from the enduring power of our ideals." - Barack Obama

      by HeyMikey on Fri Sep 06, 2013 at 11:07:44 AM PDT

      [ Parent ]

    •  Reasons for stagnant U.S. economy? (0+ / 0-)

      Austerity and sequestration and lack of progressive economic policies from U.S. government

      Solutions to remedy stagnant U.S. economy and high unemployment?

      Get rid of austerity policies and promote and institute progressive policies that will spur economic growth and bring down unemployment.

      How to get rid of austerity policies and promote and institute progressive economic policies?

      Leadership from Obama White House.

      We're still waiting, President Obama.

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