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Fri Oct 23, 2015, 04:54 PM

 

Unemployment is low, stocks are high, Obama wins

There are several points to be made, so lets start in order...

Thanks to low unemployment, there are more fast food workers on the job 24 hours per day. Last night when I was walking home intoxicated I had the option of getting a late night meal from ANY fast food place I wanted. Back 10 years ago, under Bush, I literally only had 2 choices (taco bell or Carls Jr.).

Second point, Obama paved the way for google and amazon's big day today, and my 401K shot up massively! That never happened under Bush. Now, Obama haters are gonna hate, but things are looking damn good from my penthouse at the moment!

Third point, I have been told that during his last 2 months in office he really wont give any more fucks. He will push back against the republicans who have been constantly in his way, and then we will get REAL universal health coverage, lower tuition, and better social security services all at once. He just has to delay until the final 2 months in order to wait for the election to be done with. My last 2 votes are paying dividends (literally)

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Reply Unemployment is low, stocks are high, Obama wins (Original post)
GummyBearz Oct 2015 OP
NightWatcher Oct 2015 #1
GummyBearz Oct 2015 #2
JoePhilly Oct 2015 #3

Response to GummyBearz (Original post)

Fri Oct 23, 2015, 05:00 PM

1. GM is alive and bin Laden is dead

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Response to NightWatcher (Reply #1)

Fri Oct 23, 2015, 05:13 PM

2. Add it to the list!

 

Life is good

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Response to GummyBearz (Original post)

Fri Oct 23, 2015, 05:21 PM

3. Low unemployment will also mean ...

... increases in wages.

When UE is high, or increasing, you have more people competing for fewer jobs. That drives wages down.

When US is low, and it stays low, you have fewer people looking for work, and so employers have to raise wages to lure workers away from other employers.

As for point 2 ... the big impact there is that older folks who saw their 401k collapse under Bush, had to stay in the work force. They had to delay retirement. Now, with the market back up, many of those folks are finally retiring, creating a demand for workers.

As to point 3 ... Obama stopped giving a crap about the GOP minutes after he started his 2nd term. Sadly, the 2016 elections will not be able to shift control of the House. Those many little red districts where almost no one lives will remain, and the nut jobs will continue to control the House as a result. We could get the Senate back, but unless we break 60 again, the Congress will remain little more than a mud hole in which almost nothing escapes.

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