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Economics Discuss Millennials earn 20% less than Boomers did at same stage of life at the Political Forums; Originally Posted by dabateman It's not BAD either. And that's the point. Bush's economy sucked across the board. Same with ...

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Old 01-27-2017, 03:08 PM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by dabateman View Post
It's not BAD either. And that's the point. Bush's economy sucked across the board. Same with Reagan when put in perspective with deficit.
Are you saying that the GDP is not a good indicator of real growth? 1.6% yearly growth 7 years after the recession ended
does not sound good to me, I mean doesn't sound "Not Bad"
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Old 01-28-2017, 05:29 AM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Are you saying that the GDP is not a good indicator of real growth? 1.6% yearly growth 7 years after the recession ended
does not sound good to me, I mean doesn't sound "Not Bad"
I am saying that GDP without any context is not a good indicator of real growth. 1.6% is excellent when you put into context the number of businesses closed because of the Bush Recession, the number of people without out jobs as a consequence of the Bush Recession (the impacts of which were felt long into Obama's first term), and the number of people who eventually just feel out of the employment market all together because they couldn't find jobs for an extended period of time.

1.6% growth is great when you look at what it could have been (and would have been had the Republicans had their way).
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Old 01-28-2017, 08:43 AM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

Not to mention we are not in a housing bubble.
Quote:
Originally Posted by dabateman View Post
I am saying that GDP without any context is not a good indicator of real growth. 1.6% is excellent when you put into context the number of businesses closed because of the Bush Recession, the number of people without out jobs as a consequence of the Bush Recession (the impacts of which were felt long into Obama's first term), and the number of people who eventually just feel out of the employment market all together because they couldn't find jobs for an extended period of time.

1.6% growth is great when you look at what it could have been (and would have been had the Republicans had their way).
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Old 01-30-2017, 10:11 AM
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Default Re: Millennials earn 20% less than Boomers did at same stage of life

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Originally Posted by dabateman View Post
I am saying that GDP without any context is not a good indicator of real growth. 1.6% is excellent when you put into context the number of businesses closed because of the Bush Recession, the number of people without out jobs as a consequence of the Bush Recession (the impacts of which were felt long into Obama's first term), and the number of people who eventually just feel out of the employment market all together because they couldn't find jobs for an extended period of time.

1.6% growth is great when you look at what it could have been (and would have been had the Republicans had their way).
The Bi partisan recession was over in 2009. by 2016 this country should have been able to do MUCH better than 1.6%
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