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What is a straight-out definition of "vertical economy?

For the libs who claim the economy is bad,, can you explain to me what formula you are using?

  • Because, according to virtually every economist, the economy is very good. We have full employment (look up the definition), the dow jones is constantly hitting record highs, consumer spending is up, etc. The only negative factor I am aware of is the deficit, which is largely due to the necessary war, and that is only ONE factor involved. Please tell me what fictitious formula, and what factors you are using to come to this ridiculous conclusion. Note: Foreclosures (I'm sure a dozen of you will still mention them) are not a measure of the economy. There is a reason there are a lot of foreclosures, and it has nothing to do with the economy, it has to do with lenders giving out loans higher than people should have been qualified for (simplified explanation). But even after you put into account all those particular loans, 25% more home loans were written, and only 10% of THEM have foreclosed.

  • Answer:

    Wages have been going up! The stock market has doubled since it hit a low of 7000 in 2002. House ownership is up. Unemployment is at historic lows. Inflation is in check. Interest rates are still really low. Taxes are low but tax revenues are up(Gee how the hell did that happen). The idea of taking a homeless person and asking him how the economy is really does not give a realistic overview of the economy. Libs love to use the single tear jerk-er story of someone who just doesn't have money to pay his cable TV bill. Boo hoo hoo. That of course is a sham. Any intelligent person looks at the economy as a whole and not individual circumstances to judge the economy. My question would be if this is not a good economy then what the hell is? Some people perceive that a good economy means that everyone has everything that they want. This of course is a fallacy. I love when people on YA say they don't have money to buy food and thus economy is bad. They can't afford food but can afford to sit at home paying for broadband Internet to talk with people on line? If you don't have money to pay the bills then maybe think about cutting out the video games and high speed Internet and go get yourself a meal. Just my rant. :)

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the formula of my wallet being empty after paying just 2 bills

plhudson01

It is the gap between the rich and poor compared to the 60s 70s to today and what the average family income buys. The economy is a myth because most of that wonderful consumer spending is in the form of borrowed money and inflation does not include energy and food. I am doing OK so this is not related to my life.

iamct01

I know the formula you are using, nothing that is bad is used to measure a good economy.

Jose R

The money I make (the same) - The money I need to spend (has gone up like crazy) = The money I have (none, debt) That's simple enough!

Afraid of Flu

Yes, I surely the hell can. It is the formula for my life. Fuel prices have doubled, my grocery bill is up 45% from 3 years ago. My wages aren't. Now, if I was rich enough to receive a decent tax break, I might also have been able to buy stock in this booming market, but that money goes to pay my bills. Where have you been? Last week I read the report that consumer spending did not reach expected goals due to inflated fuel prices. My formula is my bank account, rich person.

grumpyoldman

Go around and ask the FAMILIES in the homeless shelters and soup kitchens.

Mezmarelda

yeah, the little teeny tiny debt - only larger than any countries debt, ever. Oh, and the fact that your dollar is is in free fall.

deejay d

The only reason that unemployment figures are down is that it only considers the people currently receiving unemployment. Most of the people that are unemployed used up their unemployment benefits and are still unemployed. Incomes are down because the jobs that were created are on the level of burger flipper. Fuel costs are up food costs are up. Foreclosures are up due to incomes being down. Inflation is up domestically and the dollar is down compared to the rest of the world which leads to even more inflation making what little income that you have worth even less.

sprcpt

They say it's bad because it's flooded with money. Which is true, now it isn't bad now, but one day. Someone is going to pull the plug.

Anthony S

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