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President Obama To Explain Why Wal-Mart's CEO Is Wrong; Economy Is Doing Great - Live Feed

Tyler Durden's picture




 

Stocks at record highs... Unemployment rates at multi-year lows... magical job creation 'impressive'... President Obama has a lot to proclaim "mission accomplished" over - except its all fallacious (as Wal-Mart's CEO recently explained). Of course, this will all be solved if everyone was paid 'fairly' at least $15/hour despite the greatest irony of Obama's inequality fight is that "his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough."

Live Feed (due to appear at 1220ET)

http://www.whitehouse.gov/sites/default/themes/whitehouse/img/facebook_b...) no-repeat; padding-top:13px; height:30px; float:left;">JOIN THE LIVE CHAT

 

 

The jobs recovery...

 

As a gentle reminder of the greatest irony of Obama's inequality fight...

One can read 696 page neo-Marxist tomes "explaining" inequality in a way only an economist could - by ignoring the untold destruction economists themselves have unleashed on society with their "scientific theories" (and providing a "solution" to the inequality problem which we warned readers was coming back in September of 2011) or one can read the following 139 words by Elliott's Paul Singer which in two short paragraphs explains everything one needs to know about America's record class inequality, including precisely who is the man responsible:

Inequality in the U.S. today is near its historical highs, largely because the Federal Reserve’s policies have succeeded in achieving their aim: namely, higher asset prices (especially the prices of stocks, bonds and high-end real estate), which are generally owned by taxpayers in the upper-income brackets. The Fed is doing all the work, because the President’s policies are growth-suppressive. In the absence of the Fed’s moneyprinting and ZIRP, the economy would either be softer or actually in a new recession. 

 

The greatest irony is that the President is railing against inequality as one of the most important problems of the day, despite the fact that his policies are squeezing the middle class and causing the Fed – with the President’s encouragement – to engage in the radical monetary policy, which is exacerbating inequality. This simple truth cannot be repeated often enough.

Q.E.D.

 

 

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Wed, 07/09/2014 - 12:18 | 4939836 Australian Economist
Australian Economist's picture

Nice head and shoulders pattern forming, ready for the next leg down?

Wed, 07/09/2014 - 12:22 | 4939850 Headbanger
Headbanger's picture

Oh not again..

JUST STFU ALREADY BARRY!!

 

Shhheeesh.

Wed, 07/09/2014 - 12:30 | 4939912 StacksOnStacks
StacksOnStacks's picture

Is it just me or is he getting whiter?

Wed, 07/09/2014 - 12:31 | 4939922 Herd Redirectio...
Herd Redirection Committee's picture

What ABSOLUTE horseshit, to imply Barack Obama has authority, let alone influence, at the Federal Reserve!

Fantasy land BS!

Wed, 07/09/2014 - 12:35 | 4939938 eatthebanksters
eatthebanksters's picture

Obama to his audience,"Everything is fine...the printing presses have been rolling day and night for 5 years and will continue to do so...we're all going to be rich!! Trust me."

Wed, 07/09/2014 - 12:54 | 4940056 knukles
knukles's picture

That little picture at the top of the article.  His hands.  Ain't them supposedly one of the Illuminati signs, or am I imagining things, again?

 

 

               CAUTION   CLOWARD-PIVEN at WORK

Wed, 07/09/2014 - 12:59 | 4940076 Chupacabra-322
Chupacabra-322's picture

No, you're not imagining things. These Psycopaths are just open about it now & in your face. They really don't give a shit.

And, in regard to the article, who's this Nigga trying to fool? It's all theater and PsyOp at this point.

Wed, 07/09/2014 - 13:04 | 4940098 Handful of Dust
Handful of Dust's picture

82 shot- 15 fatally- in Chicago over holiday weekend

 

https://screen.yahoo.com/82-shot-15-fatally-chicago-033434976.html

 

Yeah, it's all great!

Wed, 07/09/2014 - 13:06 | 4940106 Jethro
Jethro's picture

"Everything is AWESOME....."

Wed, 07/09/2014 - 13:32 | 4940203 NotApplicable
NotApplicable's picture

There's no irony here. As always, government creates its own demand.

In this case, massive inequality that needs to be "fixed."

Wed, 07/09/2014 - 13:45 | 4940243 max2205
max2205's picture

1865 called....Lincoln changed his mind

Wed, 07/09/2014 - 13:10 | 4940117 Quus Ant
Quus Ant's picture

smuggling in Sinaloa cartel drugs has consequences.  Fat pockets and dead kids.

Wed, 07/09/2014 - 13:28 | 4940192 Pool Shark
Pool Shark's picture

 

 

Here's Obama talking-up the economy:

http://www.youtube.com/watch?v=zDAmPIq29ro

Wed, 07/09/2014 - 13:43 | 4940236 ShrNfr
ShrNfr's picture

Those are just people adding to the GDP with prostitution and drugs. Work related acidents and all.

Wed, 07/09/2014 - 14:45 | 4940498 zanez
zanez's picture

2 of the 15 were killed by cops. They put over 20 rounds into one 14 year old kid.

Wed, 07/09/2014 - 14:47 | 4940501 zanez
zanez's picture

--

Wed, 07/09/2014 - 20:28 | 4941556 snr-moment
snr-moment's picture

But they have some of the strictest gun control laws in America to protect them!

Wed, 07/09/2014 - 13:12 | 4940124 graneros
graneros's picture

CAUTION   CLOWARD-PIVEN at WORK

You know that, I know that, and many here on ZH know it.  The problem is the vast amount, and I mean 98% (IMO), of Americans don't and won't even listen.

He'll go out, Barry that is, and spew his BS today to the applause and idolatry of many while those opposite his views will boo. Then we will see vast amounts of ink and even more internet reviews either cheering him on or rebutting, along with all the inane paid and unpaid trolls throwing out all their BS.

Folks sitting at their own social media bar (mine is ZH(get us all another round barkeep)) will all be at each others throats using their online posts as the weapon of choice without even knowing they are all looking the wrong way.

Wed, 07/09/2014 - 14:09 | 4940357 Dublinmick
Dublinmick's picture

Sword of longinus is better than a double mano carnuto however.

Wed, 07/09/2014 - 13:21 | 4940163 Dr.Evil
Dr.Evil's picture

Not rich, just (worthless) billionaires. I've fixed it for ya!

Wed, 07/09/2014 - 12:36 | 4939942 Beam Me Up Scotty
Beam Me Up Scotty's picture

"the greatest irony of Obama's inequality fight"

The greatest irony is, everyone will become equal......equally dirt poor.  When everyone is dirt poor, no one will be dirt poor.  Just like in the movie "The Incredibles", when everyone is a super hero, no one will be a super hero.

Wed, 07/09/2014 - 12:40 | 4939924 Hugh G Rection
Hugh G Rection's picture

He's ingested so much Ashkenazi semen that it has started to alter his DNA.

Race Hustler in Chief

Wed, 07/09/2014 - 12:37 | 4939953 joego1
joego1's picture

I think it's that all the bull shit is getting used up and we can see him better.

Wed, 07/09/2014 - 12:41 | 4939977 Beam Me Up Scotty
Beam Me Up Scotty's picture

I think the bull shit is endless, just like the Feds ability to print money.

Wed, 07/09/2014 - 12:42 | 4939984 CheapBastard
CheapBastard's picture

Read my lips, "We are doing great."

 

File that with, "There's never been a better time then now to buy a house."

"No one saw that coming." [Jamee]

"If we don,t act we could see a mushroom cloud..." [condee lice]

"House prices never drop."

Looks like this century will be one of most fraud-infested, greedy, slimey [pink]  one in history.

 

 

Wed, 07/09/2014 - 16:08 | 4940805 tonyw
tonyw's picture

"Stocks at record highs" because we keep buying them with money we just created out of thin air.

Not a measure of anything now.

Wed, 07/09/2014 - 12:38 | 4939966 yogibear
yogibear's picture

He's looking more like Bush every day.

Wed, 07/09/2014 - 13:04 | 4939982 Quus Ant
Quus Ant's picture

George (Whatmeworry?) Bush could never pull this rope a dope technique off.  Sit back and watch the master, folks.  We shat see his like agin.

Epilogue:  And obama has set the challenge of our age:  cynicism vs hope.  Yeah.  You've already played that card, barry.  Play time's over, barry. We're pulling into the station as you speak, barry.  Fuck hope.

;)

Wed, 07/09/2014 - 12:43 | 4939988 Beam Me Up Scotty
Beam Me Up Scotty's picture

Pfft, Obama was like Bush on day one.  He's now like Bush squared, or even cubed.  Funny thing is, for all of the howling the left did about Bush, they sure don't care about Obama taking the Bush baton and running his ass off with it.

Wed, 07/09/2014 - 12:43 | 4939990 Stoploss
Stoploss's picture

FUCK YOU BARRY YOU CLOWARD PIVEN LOVING MOTHER FUCKER......

Wed, 07/09/2014 - 12:22 | 4939854 wallstreetapost...
wallstreetaposteriori's picture

Yeah, because O-Barry is right about anything...

Wed, 07/09/2014 - 12:23 | 4939860 gh0atrider
gh0atrider's picture

Maybe not Barry, but gh0atrider is definitely right about everything.

Wed, 07/09/2014 - 12:36 | 4939951 wallstreetapost...
wallstreetaposteriori's picture

This would be better is everyone in the background was smoking some joints...

Wed, 07/09/2014 - 12:46 | 4940016 Bastiat
Bastiat's picture

Where's the horsehead guy, dammit?

Wed, 07/09/2014 - 13:43 | 4940165 Quus Ant
Quus Ant's picture

That should totally become a thing.  Everywhere this clown shows up an army of horse head prols.  We could even offer him a stick to beat us with.

There was a time the populace imagined they would/could take power- V for Vendetta.  The mask of cold calculation and merciless resolve.  It's clear that's not us.  Dead horse head is more our style.  Embrace the truth-impotence mixed with laziness- and discover the ember of white hot anger still festering underneath.

Wed, 07/09/2014 - 13:52 | 4940278 Bastiat
Bastiat's picture

I like the way you think!  It would also a kind of trumping mockery -- I mean how can you defend youself against the silent comic absurdity of a horsehead?  I'm surprised Obama didn't bow.

Wed, 07/09/2014 - 13:57 | 4940295 Quus Ant
Quus Ant's picture

Precisely.  Self abasement is the only weapon that remains. 

See:  The book of Job

Wed, 07/09/2014 - 14:58 | 4940540 Herd Redirectio...
Herd Redirection Committee's picture

A sheep mask would be more effective, methinks.  Along with some well-timed 'baaah's.

Wed, 07/09/2014 - 15:09 | 4940587 Quus Ant
Quus Ant's picture

the sheep meme already exists- along with its language.  An uncorruptable vernacular of negation/resistance has yet to be borne.  DADA.

Wed, 07/09/2014 - 12:24 | 4939859 y3maxx
y3maxx's picture

..."Perjurer in Chief"...

Wed, 07/09/2014 - 12:53 | 4940057 Anusocracy
Anusocracy's picture

Hand-puppet Psychopath in Chief.

Wed, 07/09/2014 - 12:45 | 4940006 Van Halen
Van Halen's picture

Can you imagine STILL being stupid enough to stand behind that Kenyan Marxist jackass and nod your head in agreement with everything he says?

 

Wed, 07/09/2014 - 13:03 | 4940094 lordylord
lordylord's picture

50,000,000 people voted for him the 2nd time around.  Though they are no better than the 50,000,000 who voted for Romney.  So, this adds up to 100,000,000 + their children....subtract from the US population...tabulating...the result comes to 2: you and I might be the only people not stupid enough.

Wed, 07/09/2014 - 13:08 | 4940111 SilverIsKing
SilverIsKing's picture

I'm three.

Wed, 07/09/2014 - 13:18 | 4940149 lordylord
lordylord's picture

"I'm three."

Sorry, I forgot to factor in the double voting for Obama by the living and the dead.  There may in fact be dozens of us.

Wed, 07/09/2014 - 12:46 | 4940012 timeless21
timeless21's picture

I like the people behind him noding and he then thinks he's smart.

Wed, 07/09/2014 - 12:50 | 4940044 Bastiat
Bastiat's picture

More appropriate response behind him would be to touch the thumb to the first two fingers, raise hand to chest level and move up and down from the wrist while raising an eyebrow.

Wed, 07/09/2014 - 13:29 | 4940197 dontgoforit
dontgoforit's picture

You know that $3.7bn......?

Wed, 07/09/2014 - 13:18 | 4940151 tempo
tempo's picture

1 full time job = 3 part time created, great headlines, Obama wins. Its just beginning, DIJA 35000, nothing can stop the FED and Obama. 5 years, TX will be a blue state and the supreme court will be 5/4 or 6/3 progressive, liberal. Illegals sent to conservative states and districts to educate the population.

Wed, 07/09/2014 - 14:34 | 4940398 Da Yooper
Da Yooper's picture

A true crack head is going to tell the CEO of WallFaart about the economy

 

LMAO

Wed, 07/09/2014 - 12:19 | 4939839 DaveyJones
DaveyJones's picture

Former Chicago activist imprisoned for 15 years for perjury

Wed, 07/09/2014 - 14:09 | 4940350 TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Former Chicago activist imprisoned for 15 years for perjury

Now that's a headline from The Onion if I've ever seen one.

Wed, 07/09/2014 - 12:19 | 4939842 Yen Cross
Yen Cross's picture

    Zero should just pull Jay Carney out of mothballs and have him tell everyone to buy WMT and retail stocks.

Wed, 07/09/2014 - 12:21 | 4939847 pods
pods's picture

Does anyone really listen to him anymore? I mean, he is incapable of telling the truth.  

Hey Chalky, go get your shinebox!

pods

Wed, 07/09/2014 - 12:33 | 4939930 Quus Ant
Quus Ant's picture

Holy shiz... the Pres just said the words "silver mine".   Of course it was in regards to a sandwich shop I've never heard of, but hey.  I wonder if a banker swallowed his tongue when he heard those words.

Wed, 07/09/2014 - 12:52 | 4940051 Bastiat
Bastiat's picture

It was a Freudian slip:  "Silver . . . MINE!!"   He's planning to confiscate!

Wed, 07/09/2014 - 16:36 | 4940867 Nick Jihad
Nick Jihad's picture

Won't someone _please_ let him be clear?

Wed, 07/09/2014 - 12:22 | 4939852 robochess
robochess's picture

Remember the first inauguration with all those chants of OBAAAMMMMAAAA. 

Now it's all about impeach the dick. 

Wed, 07/09/2014 - 12:22 | 4939853 Dr. Engali
Dr. Engali's picture

You're fucking kidding right? Today is a nice day so I'll pass on the daily dose of Zero's droning propganda. I'll let your comments sum it up for me. At least there will be some entertainment value.

Wed, 07/09/2014 - 12:22 | 4939857 buzzsaw99
buzzsaw99's picture

hopey's gonna talk? oh man "the market" ain't gonna like that.

Wed, 07/09/2014 - 12:41 | 4939980 Nevsky
Nevsky's picture

They are taking a little dip...

 

Spooky.

Wed, 07/09/2014 - 12:23 | 4939865 eddiebe
eddiebe's picture

He's not on yet? Good I don't want to wast my time anyway.

Wed, 07/09/2014 - 12:23 | 4939867 oklaboy
oklaboy's picture

I'll take CEO for 1,0000 Alex....

Wed, 07/09/2014 - 12:25 | 4939879 RiskyBidness
RiskyBidness's picture

Bwahahahahahahahahahhaahahahahahhaaha!!  He is by far the smartest man in any room he walks in!!  hahahahah!  NOT!!

Wed, 07/09/2014 - 12:35 | 4939943 Save_America1st
Save_America1st's picture

he's not even the smartest in the room when it's an empty room.  TOTUS has more original thoughts than this douche bag ever has. 

Wed, 07/09/2014 - 12:47 | 4940025 Van Halen
Van Halen's picture

Risky, look at those blank, obedient stares behind him. He just MAY be the smartest man in THAT crowd.

Wed, 07/09/2014 - 12:58 | 4940081 Jethro
Jethro's picture

They use a border collie to herd the sheeple in a group and hold them there util Chalky is done jabbering his cock-holser.

Wed, 07/09/2014 - 16:08 | 4940802 Cruel Aid
Cruel Aid's picture

Ha Ha! tks

Wed, 07/09/2014 - 12:25 | 4939884 buzzsaw99
buzzsaw99's picture

where do they find these stupid twats?

Wed, 07/09/2014 - 12:27 | 4939897 i_call_you_my_base
i_call_you_my_base's picture

Business and law schools.

Wed, 07/09/2014 - 13:19 | 4940150 Save_America1st
Save_America1st's picture

the scary thing is that those people are supposedly "ordinary, everyday Americans" who could be our neighbors, co-workers, family...I think I'm getting sick to my stomach. 

Have you all seen Invasion of the Body Snatchers?  That's who those people are, and there are waaaaaaaaaay too fucking many of them in this country.  It's like they're muliplying like rats and cockroaches. 

America needs a good exterminator for this infestation. 

Wed, 07/09/2014 - 13:49 | 4940258 dontgoforit
dontgoforit's picture

Liberal progressivism is a virus, Mr. Anderson.

Wed, 07/09/2014 - 12:25 | 4939887 TideFighter
TideFighter's picture

Wow. What a clueless cunt talking now....apparently she doesn't know Zero is gay and Michelle is a tranny.

Wed, 07/09/2014 - 12:26 | 4939888 stant
stant's picture

https://www.youtube.com/watch?v=rMdC45S79uQ dont run we are your friends

Wed, 07/09/2014 - 12:26 | 4939890 jay28elle
jay28elle's picture

Need to create some clips for nightly news to play over and over and over and over again to reinforce to the low info voters that all is well

Wed, 07/09/2014 - 16:40 | 4940878 Nick Jihad
Nick Jihad's picture

Indeed. NPR always needs new clips of their Dear Leader to broadcast.

Wed, 07/09/2014 - 12:26 | 4939891 Agent P
Agent P's picture

Alright, I'm taking bets on which one of the background lady stage props faints due to his awesomeness. 

Wed, 07/09/2014 - 12:40 | 4939972 eatthebanksters
eatthebanksters's picture

Faints or farts?

Wed, 07/09/2014 - 13:52 | 4940264 dontgoforit
dontgoforit's picture

Who farts?  Sniffs, then faints.  Maybe he's learned a thing or two from Kim Jung Ung or whatever fat boys name is.

Wed, 07/09/2014 - 15:09 | 4940590 Uncle Remus
Uncle Remus's picture

Benny Hinn, call your bookie. Benny Hinn.

Wed, 07/09/2014 - 12:27 | 4939894 LawsofPhysics
LawsofPhysics's picture

Is this same Walmart that has been shipping middle class jobs to China and support slave wages (the destruction of the 'merican middle class)?  Fuck em.

Wed, 07/09/2014 - 12:27 | 4939901 Atomizer
Atomizer's picture

Choom run. This fucker is doped up 

Wed, 07/09/2014 - 12:28 | 4939904 shutupnsing
shutupnsing's picture

Disturbing on SO many levels...God, I don't know whether to puke or cry!

Wed, 07/09/2014 - 12:30 | 4939917 Uncle Remus
Uncle Remus's picture

Shit your pants and it's a trifecta.

Wed, 07/09/2014 - 12:54 | 4940060 Bastiat
Bastiat's picture

First belly chuckle of the day, thank you.

Wed, 07/09/2014 - 12:29 | 4939907 Uncle Remus
Uncle Remus's picture

Also sprach the Community Organizer.

"Daisy, Daisy, give me your answer do..."

Wed, 07/09/2014 - 13:52 | 4940277 dontgoforit
dontgoforit's picture

I'm half crazy, ain't got no dough for you.

Wed, 07/09/2014 - 12:30 | 4939910 Meat Hammer
Meat Hammer's picture

One plus one equals nine.

No it doesn't.

Extremist!

Wed, 07/09/2014 - 12:30 | 4939911 stant
stant's picture

off button works

 

Wed, 07/09/2014 - 12:33 | 4939936 Meat Hammer
Meat Hammer's picture

The inventor of the mute button should get a Nobel peace prize.

Wed, 07/09/2014 - 12:38 | 4939964 pods
pods's picture

I hit pause the moment the page loads. Kind of sucks when you make a comment as it autoplays again.

 

Wed, 07/09/2014 - 13:35 | 4940211 NotApplicable
NotApplicable's picture

Autoplay? What's that?

Noscript.net is your friend.

Wed, 07/09/2014 - 12:32 | 4939928 orangegeek
orangegeek's picture

Let 'er rip Barry.

 

You goobermunt's endless lying has created massive indifference.

 

The economist monkeys call it complacency.

Wed, 07/09/2014 - 12:45 | 4940010 Uncle Remus
Uncle Remus's picture

Pink calls it comfortably numb.

I've got some bad news for you sunshine,
Pink isn't well, he stayed back at the hotel
And they sent me along as a surrogate hand
We're gonna find out where you folks really stand.

 

 

 

Wed, 07/09/2014 - 12:33 | 4939933 CoastalCowboy
CoastalCowboy's picture

With the that teleprompter controlling him, he can spin bullshit into cotton candy.

Wed, 07/09/2014 - 12:47 | 4940019 Uncle Remus
Uncle Remus's picture

Mmmmmm, "chocolate".

Wed, 07/09/2014 - 12:35 | 4939946 vyeung
vyeung's picture

BS at its best. With all the clueless mofos in the background.

Wed, 07/09/2014 - 13:55 | 4940287 dontgoforit
dontgoforit's picture

Those are really shrubbery made up to look like mofos.

Wed, 07/09/2014 - 12:36 | 4939949 Atomizer
Atomizer's picture

Cleaning the Kenyan hut or hanging curtains for a election PR event. 

Wed, 07/09/2014 - 12:38 | 4939955 NOTaREALmerican
NOTaREALmerican's picture

Gimmy a break...   Who cares about what the CEO of Walmart (of all companies) has to say about the genetically inferior Trash Class.    The Trash Class is happy enough; none of them are starving, they've all got cell-phones.    They should just realize they're a bunch of losers and stop bitching about the more superior winners.   Survival of the fittests, bitcheZZZ!!!   Deal with it.  

Wed, 07/09/2014 - 12:48 | 4940034 Ness.
Ness.'s picture

You are neither smart nor savvy.

Wed, 07/09/2014 - 13:13 | 4940128 NOTaREALmerican
NOTaREALmerican's picture

Well,  I know THAT.   I'm just a member of the Elysium Support Class.   But, when my time comes to be feasted-upon by the more the superior humans, you won't find whining like a "liberal" that the more superior humans shouldn't engage in their NATURAL Libertarian predator behavior.

The problem with too many Libertarians is they just can't accept a survival-of-the-fittest society when the results go against them.   TRUE Libertarians should graceful admit when they are inferior go away hororably (AND they should take their worthless inferior children with them too).

Wed, 07/09/2014 - 13:54 | 4940281 RaceToTheBottom
RaceToTheBottom's picture

Libertarian, Elysiumarian, Rastafarian, WTF does it matter?

Wed, 07/09/2014 - 12:51 | 4940047 SheepDog-One
SheepDog-One's picture

Doesn't seem to be working though, lowest approval rating in a century, although the media part of guvt is spinning it positive 24/7, the wheels will fall off this shitwagon eventually.

Wed, 07/09/2014 - 13:17 | 4940143 NOTaREALmerican
NOTaREALmerican's picture

The approval rating is so low because the Trash Class know - in their heart - they are inferior and want society to be MORE survival-of-the-fittest based.  They WANT to die honorably, but the government won't let them.   This causes the Trash Class to be ashamed of themselves, which cause the approval rating to go down.    It's sad the government it trying to keep these Trash alive when all they want to do is go-away like honorable people.

Wed, 07/09/2014 - 16:47 | 4940908 Nick Jihad
Nick Jihad's picture

Dude, just how many times do reasonable people have to remind you, that the poor do _better_ under free-market capitalism?  Why else are hordes of penniless central- and south-americans desperate to get into the US? 

Wed, 07/09/2014 - 12:37 | 4939959 papaswamp
papaswamp's picture

Remember kids... Employment to pop ratio includes government employees. Civilian labor force participation rate shows the real story.
http://research.stlouisfed.org/fred2/graph/?g=EOw

No 'recovery' there....

Wed, 07/09/2014 - 13:24 | 4940174 TeethVillage88s
TeethVillage88s's picture

Except the problem showed up Pre 2000, and your FRED chart started with Data in 2004.

Notice many FRED Charts are New or Discontinued.

Makes it hard to see some of the problems in people data that we search for especially in jobs that were lost. But they are listed in 2-3 different ways as well. So far I've been trying to search by All Employees.

Looks like 1981 was the Money Velocity high, note manufacturing plunged 1979.

http://research.stlouisfed.org/fred2/series/M1V (Top was 2007 Q4 at 10.7, now down to 6.3)
http://research.stlouisfed.org/fred2/series/M2V (Top was 1997 Q3 at 2.2, now down to 1.5)
http://research.stlouisfed.org/fred2/series/MZMV (Top was 1981 Q1 at 3.5, now down to 1.4)
http://research.stlouisfed.org/fred2/series/Mult (Top was January 1987 at 3.1, now down to .7)

http://research.stlouisfed.org/fred2/series/MANEMP (Employees: Manufacturing 12.1 M Persons)

Wed, 07/09/2014 - 13:38 | 4940219 papaswamp
papaswamp's picture

I dont believe I was commenting on when the issue started ( passing of MFN China and NAFTA) , but rather that employment to population ratio can be spoofed by government workforce increase vs civilian labor force participation rate which is not. Yes, St Louis Fed has many series that have a short life cycle as they adjust to what is 'deemed' at better measure. I was being lazy and only included a 10 yr span....again my point wasn't as to the when or why, but rather that no private sector jobs recovery was really occurring.

Wed, 07/09/2014 - 12:42 | 4939965 Emergency Ward
Emergency Ward's picture

"I got my sleeves rolled up and after being in office for six years I'm ready to work harder than George Bush ever worked for you folks."

Wed, 07/09/2014 - 12:39 | 4939968 OC Sure
OC Sure's picture

In the absence of the Fed’s [counterfeiting] and ZIRP, the economy [of productive work] would either be [saving and healing] or actually [experiencing genuine growth].

Wed, 07/09/2014 - 12:39 | 4939969 bigrooster
bigrooster's picture

"How do we take money away from those at the top that work hard and give it to my people at the bottom who do not work?"  "That is what I am spending time on."

Wed, 07/09/2014 - 12:41 | 4939973 Itchy and Scratchy
Itchy and Scratchy's picture

Amen brother!

Wed, 07/09/2014 - 12:42 | 4939970 Itchy and Scratchy
Itchy and Scratchy's picture

This knucklehead gets stooooopider by the day! He shud really give up on tryin' to figure it out! Eight years later and the page is still blank! He got elected twice? Nawwww!

Wed, 07/09/2014 - 12:44 | 4939992 eatthebanksters
eatthebanksters's picture

What does that tell you about the peeps who elected him??

Wed, 07/09/2014 - 14:30 | 4940444 Ariadne
Ariadne's picture

That they were lied to and betrayed. That this top down assault was extremely planned and coordinated. Also that they cannot trust their "leaders" at all. At all. AT ALL.

Wed, 07/09/2014 - 12:42 | 4939985 WTFUD
WTFUD's picture

MUMMIFY THIS CUNT NOW!

Wed, 07/09/2014 - 12:43 | 4939991 yogibear
yogibear's picture

Wow, Barry is like Mohammed Saeed al-Sahaf.

http://www.youtube.com/watch?v=W9aW1atFLMM

 

Wed, 07/09/2014 - 12:43 | 4939993 IANAE
IANAE's picture

* yawn *

Summarizing:

1/ I rock

2/ Congress sucks

3/ remain calm, thanks to me all is well

Wed, 07/09/2014 - 12:45 | 4940009 papaswamp
papaswamp's picture

Nicely done

Wed, 07/09/2014 - 12:48 | 4940027 Uncle Remus
Uncle Remus's picture

 

 

Remain calm.

Reload.

 

Wed, 07/09/2014 - 12:44 | 4939994 Little Boomer
Little Boomer's picture

Amnestia por todos los amigos de Barry!!!!

Wed, 07/09/2014 - 12:44 | 4939999 Itchy and Scratchy
Itchy and Scratchy's picture

There must be a hot dog stand someplace in Amerika that this maroon could manage?

Wed, 07/09/2014 - 12:47 | 4940020 Winston Churchill
Winston Churchill's picture

What have you got against the owners of hot dog stands ?

Wed, 07/09/2014 - 12:49 | 4940036 yogibear
yogibear's picture

Sorry, it wouldn't be in business long.

Wed, 07/09/2014 - 13:08 | 4940112 Otto Zitte
Otto Zitte's picture

He couldn't do laundry in Levinworth.

Wed, 07/09/2014 - 12:45 | 4940001 Nevsky
Nevsky's picture

Limp D.ck flapping in the wind again.

Wed, 07/09/2014 - 12:45 | 4940005 Mercury
Mercury's picture

Now he's just whining...

Wed, 07/09/2014 - 13:07 | 4940109 Otto Zitte
Otto Zitte's picture

#whining

Wed, 07/09/2014 - 12:45 | 4940008 Puncher75
Puncher75's picture

Someone stick a sock in this asshole's mouth.

Wed, 07/09/2014 - 12:48 | 4940028 Jethro
Jethro's picture

Reggie will be by shortly.  He won't use a sock though.

Thu, 07/10/2014 - 08:22 | 4942716 Uncle Remus
Uncle Remus's picture

Paging M.C. Escher. Please pickup a white infinite loop. M.C.Escher.

Wed, 07/09/2014 - 12:46 | 4940014 A82EBA
A82EBA's picture

why do we need a president?

Wed, 07/09/2014 - 12:46 | 4940015 SheepDog-One
SheepDog-One's picture

The One knows all, WalMart CEO be damned! We're dealing with a Holy figure here, Tha Messiah for fucks sakes!

Wed, 07/09/2014 - 12:47 | 4940024 Little Boomer
Little Boomer's picture

Pen and a phone!

Wed, 07/09/2014 - 12:51 | 4940046 Nevsky
Nevsky's picture

In light of recent revelations, that phrase just got a whole new meaning...

Wed, 07/09/2014 - 12:48 | 4940029 GrinandBearit
GrinandBearit's picture

Even some die-hard democrats I know are now saying this guy is full of shit.

It appears that a few more sheeple wake up every day.  However, I believe it's too late.  American Revolution 2 is needed and it is coming.  It will be violent.

 

Wed, 07/09/2014 - 13:48 | 4940253 Government need...
Government needs you to pay taxes's picture

When it jumps off, please post the Fedcoat daily bag limit here on ZH!

Wed, 07/09/2014 - 13:49 | 4940262 crazybob369
crazybob369's picture

Yet they couldn't see it 7 years ago. Or the lies from the other side 13 years ago (WMD's, 9/11). Truth is that even if we have a revolution, this shit will start all over again. Humans need mutation and evolution, and perhaps revolution may lead to that.

Wed, 07/09/2014 - 12:48 | 4940030 yogibear
yogibear's picture

Who's stupid enough to listen to this guy live?  At least I can turn him off when I see him on television.

 

Wed, 07/09/2014 - 12:48 | 4940032 Puncher75
Puncher75's picture

Look at the brain dead drones behind this fraud.  The 30% that support him still would support Musolini.  Trained seals

Wed, 07/09/2014 - 12:55 | 4940061 Jethro
Jethro's picture

I would like to speak on behalf of trained seals everywhere.  That was an unfair characterization and defamation of hard working pinnepeds the world over.  Please cease and desist from further character assasination henceforth.  The "30%" of which you speak can be found on the bottoms of the pool after a meal. 

Wed, 07/09/2014 - 12:57 | 4940077 Winston Churchill
Winston Churchill's picture

I'm all for supporting him like Mussolini.Upside down from a gas station.

Wed, 07/09/2014 - 13:06 | 4940104 Otto Zitte
Otto Zitte's picture

Extras. Some of the starving 99% of SAG.

A rich dem who voted for Obama explains his mistake: http://www.youtube.com/watch?v=R5rBKluseIU

Wed, 07/09/2014 - 12:49 | 4940033 Itchy and Scratchy
Itchy and Scratchy's picture

As part of his punishment the Dem ex-mayor of NO who just got thrown in the slammer should be forced to listen to the Kenyan's speeches 24-7!

Wed, 07/09/2014 - 12:49 | 4940037 AdmTirpitz
AdmTirpitz's picture

All I hear is Tax Tax Tax, Give away Give away Give away

Congress is at fault

Wed, 07/09/2014 - 13:02 | 4940040 Atomizer
Atomizer's picture

Walmart would be dead without your EBT Government subsidizes taxpayers theft.

Monkey in chief, your lies cannot sustain leadership in the United States of America. 

You are one lazy Niger that is done nothing other than fucking up our allies. Fuck you and the racist card, borrowed by the Jews getting bombed.  

 

 

 

 

 

Wed, 07/09/2014 - 12:50 | 4940042 Jethro
Jethro's picture

So the community organizer in chief can lecture a Walmart CEO on business? HAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA

Wed, 07/09/2014 - 13:46 | 4940246 Government need...
Government needs you to pay taxes's picture

Funny how COST disappeared Dinesh DiSouza's book from its shelves.  Pretty clear Preezy shops @ COST, and avoids WMT like a tranny with a bad herpes flare.

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