re: U.S. unemployment rate drops to 7 year low.

Yes. More regulation. That is the answer.

Actually, I think we should just keep free market out of it altogether. At this point I think we're closer to this end than actually letting it dictate anything at this point.

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Yes. More regulation. That is the answer.

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We need some sort of answer. The global economy has left a huge percentage of the American workforce to be idle because they don't compete at a global level and never will. Such a high percentage leads to social unrest, which drags everyone into third world conditions.

A rigged job via regulation is better than pure income distribution via taxes and entitlements. At least a person who is working a rigged job for a rigged wage has to go to work everyday, and maybe gets to feel the satisfaction of being a productive human even if it is a lie. Either way it is better than so many people being idle ready to riot/protest at a moment's notice.

I am against just outright raising the minimum wage because some industries can't handle those wages and survive- aka in some industries even the CEO/boss doesn't make that much. Migrant farming or construction work come to mind.

My solution would basically be a minimum wage increase for companies that can afford to do that. It would take those record corporate profits and put them back into the pockets of average Americans.

It will never happen though, as politicians don't want to give up their campaign contributions. The "solution" will be running America into the shitter, and then once things get really bad all the 1% will move away to the Caymans or something and let us riot.

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Nope, not that I know of

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But in terms of lagged economics, it is very much based upon what WBush did. The economy is absolutely, without doubt, better now than when Obama came into office.

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To put it all in perspective, the Iraq War, combined with tax cuts, put us in a vertical nosedive. Without the bailout, we would have gone into a Great Depression. Period. While the numbers do not exactly line up, the economy is light years better than it was in 2008.

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you're teetering. at best.

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But I only have a bachelors... in the field we're discussing.

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I have one also, and the fact that you can't see how wrong you are is because, (1) you're lying about having a degree in it, (2) your college did not serve you well and you should ask for a tuition refund, or (3) you're mentally disingenuous with yourself. The fact that you say you have an advanced degree in it makes this even more troubling.

It could be a combination of the three. In any event, you're a fricking idiot.

Please go back to watching Newsroom and Game of Thrones. There's a board elsewhere to discuss these television shows. You should probably go there and stay there until the adults are done talking.

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As someone who is an economics-data junky, it really is perplexing how all manufacturing, inventory, retail sales, and wage data points to a struggling economy, yet job growth is quite healthy.

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Aye, Cap'n, the books, they be cooked.***

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you're teetering. at best

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Not once did I claim the housing bubble was WBush's fault. You all seem to make that connection based off your lack of knowledge.

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But in terms of lagged economics, it is very much based upon what WBush did. The economy is absolutely, without doubt, better now than when Obama came into office.

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Without doubt, this is fact. Separate statements. Is the economy impacted during this Presidency by policies from the previous President? absolutely. Is the Economy better now than when Obama came into office? Not even debatable.

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To put it all in perspective, the Iraq War, combined with tax cuts, put us in a vertical nosedive. Without the bailout, we would have gone into a Great Depression. Period. While the numbers do not exactly line up, the economy is light years better than it was in 2008

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The initial boost in the economy was short lived, and the drain on resources from the Iraq War compounded the problems caused by the housing bubble. The bailout is universally accepted as the best thing we could have done to save the economy. That is some of the most basic information ever.

Criticizing TV show watching is a sorry way to attempt to discredit me. You may not agree with me, but there is no way to change the facts.

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the reason why i'm going down that line of thinking is that you credited Bush with the recession, when there is no way around saying that the housing bubble was the number one cause of the recession. Wars didn't help, I might even agree that tax cuts didn't help either. But none of those would have been more than a little "wasteful" if not for the recession caused by housing. Bush (as much as I do fault him for a lot of things, a LOT of things) did warn about that and said that if we didn't fix how we were doing loans we were going to get hurt. He was right and nobody talks about that

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I think I said it before, maybe not, but the two events (Housing, Iraq) would have had completely different economic impacts if they had happened during separate times.

@808bass

You are clearly a bitter person. I will not be drawn into your petty assertions. Good luck to you.

As 5thTiger lies sleeping at night,Tyrion whispers in his left ear, and Will whispers in his right, formulas and facts which they engineer, then becoming the economic theories to which he adheres.

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How did Iraq have an effect on the credit freeze up when the housing bubble burst? I can see the issue from the side of possible government intervention, but the credit markets were going to seize up regardless

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It didn't. The events were not necessarily related, but both had an impact on the economy. In a loose sports term....Duke beating Michigan State in the Final Four and Wisconsin beating Kentucky had no impact on the other, except for the fact that the National Championship Game (economy) was impacted by both.