And George W Bush was the governor of Texas when Clinton was in office. I still don't see why Obama gets blame and Bush does not. But, you've already admitted you're a bigot, so I understand.
~ Boeing is moving their production facilities, 747 Dreamliner, to S. Carolina from Seattle to save on employee expenses i.e. lower wages.....wage discrimination and selective employment is the underlying cancer to our free society that is primarily utilized by politicians and industry to skirt the employment figures even during the best of times. ~ Bush's attempt to introduce the Mexican truck drivers throughout our country was of course not an exercise for civil disobedience.
Calling his administration a "regime" isn't witty. Do you have any idea of what that word even means? For what reason are you using it? You do realize that Obama won the popular vote by nearly 10 million votes last year right? This is called democracy. Barack Obama is our democratically elected President. Deal with it. This is how America works, if you don't like, LEAVE. Love It or Leave It FYI: 15.2 is a doubling of 7.6... quite a ways off (thankfully.) The number was at 5% in April so it was already obviously in this trajectory when Obama took office. It's just absolutely insane to be blaming Obama for these numbers considering the economic mess that he inherited from Bush. It'd be like blaming FDR for the bad unemployment numbers in 1933. No crap, the numbers were bad. He inherited a disastrous economy that was ran into the ground by his Republican predecessor. Here in 2009 we're in the same situation. It may take quite some time to recover from the colossal mistake that was George W. Bush. And as you may know, not another Republican was elected President until 1952 (20 years later and even then it was a moderate Republican.) Here's hoping we go at least that long before making that mistake again this time around. After what the Republican party has done to this country they shouldn't even be considered anymore. The question is: What kind of Democratic party do we want to lead our country? I think it should be a more progressive one, not a moderate "Republican light" party. --- I looked up some numbers.. Unemployment during Reagan's administration: January 1981: 7.5% (7.4% as low as August.) January 1982: 8.2% January 1983: 10.4% These numbers seem to indicate that Reagan didn't take-over an out of control economy that was going down the tubes: He CAUSED it! (with those tax cuts that conservatives love so much.) Quite different from the situation with Obama where he clearly took over economy that was heading straight down... BTW... Clinton took over with 7.3% unemployment and left Bush with a 4.2% unemployment rate to deal with. Hm... What did Bush do? Big tax cuts for the rich just like Reagan? What was the effect of that on the economy? Hmm... Maybe we should learn that tax cuts for the rich aren't really that good for the economy?
Yeah, wealth doesn't trickle down, it gets sucked up. Look at inflation adjusted wages for another example.
GDP was so great under Clinton. The growth under President Reagan from 1982-1988 was a lot higher http://www.indexmundi.com/united_states/gdp_per_capita_(ppp).html
Interesting chart comparing the annual job creation during Democratic & Republican Presidencies: http://newsjunkiepost.com/wp-content/uploads/2009/11/job-creation-by-party-2-300x293.gif taken from this article: http://newsjunkiepost.com/2009/11/07/a-perspective-on-unemployment/ During 8 years of Clinton America added 22 million jobs. During 8 years of Bush America lost 2 million jobs. How about we not make the mistake of electing a Republican President again any time soon?
If they're not showing how many of those jobs were GOVERNMENT related jobs, I consider it a worthless report for propaganda. IMO, job reports should NEVER count government jobs because it rewards politicians for the wrong things and might even encourage them to DO the wrong things to look better. Wait, no... politicians NEVER do that, right?
Between the years 1980-2000 the amount of Americans dependent on the Government for their income was reduced from 64% to 51%. The number is raising again and expected to reach 67%. We are heading back to where we were in the 1970s. Government Jobs don't produce goods and economic prosperity. Many jobs that are created by the Government are also tempoarary. The last time there was a Democratic President and the Democrats has the majority in the Senate and Congress was Jimmy Carter. The end results was 20% inflation and Good Times. Btw, Barry Obama spent the bad times of the '70s not growing up in Chicago but in an exclusive private school in Hawaii.
When unemployment in Saudi hit some 20% then that was the start of the Bin L - a -d- en era. He capitalised on teaching to the unemployed so I read somewhere. That said being UK based and one of my remote workers being based in the USA - I was shocked to find she has to find some $5k for an op for her child that would have been covered in the UK for free. I see much being made of the new USA health reforms on the TV but would be interested on how people at the grass roots level feel in the USA. Most definitely not winding anyone up, but would like to know how people feel about the proposed health reforms. Tv paints 1 picture - Forums paint the truth! Dickie
In a word, "Afraid". People are afraid that they will lose what they have and/or not be able to afford what is forced upon them. They are afraid for their livelihoods. They are afraid for their toys. They are afraid someone else will have more. They are afraid they will have less. They are afraid that they will lose their home, or that they won't be able to get a home. They are afraid to get sick, they are afraid to die, they are afraid to live, they are afraid of change and they are afraid that nothing will change. It is in this fertile ground of insecurity and outright fear that Rush and Beck are able to plant seeds of hatred (those two being the most prominent, but hardly the only hatemongers). While I was not around in '30's Germany, I suspect there are any number of parallels, which makes me - afraid...
Instead of listening to the blame Obama for everything crazed extremist Right Wing...why don't a few of you read the observations of one of the nation's most respected economists: One who published and predicted when GDP was going to turn around, and one who has co-written a seminal highly regarded study/book on the effects of financial bubbles.... While the Extremists blame Obama, the reality is that the severity of this recession, roughly not experienced since the Great Depression.... and here is the critical part of this severe recession....It Was Totally Caused By and During the Bush Administration. Everything after the Bush Administration should be relabeled. Cleaning up after the disasterous mess caused by the Extremist Right Wing. We are currently in the clean up period. Unfortunately, based on the knowledge of one of the world's foremost experts on financial balloon recessions ....it will take years. How do you like that? the extremist Right Wing caused an incredible whopper of a recession that will take years to recover from. Boy when the Extremist Right Wing F*cks UP they really F*ck up. Nice going right wing.
10.2 is an adjusted fake number it only counts people on unemployment “looking for work†it doesn’t count people who have ran out of benefits. The real number is 18%- 22% http://www.shadowstats.com/charts_republish#emp Almost the same as the great depression in the great depression they used the real numbers they “adjusted†them in the 70s.
The recession isn't as bad as it looks due to the higher net worth of the average American household. In 1981 the average net worth in inflation adjusted dollars was $48,000 and today the amount is $173,000. Here's an interesting article about the severance economy -- unemployed Americans who use severance pay and savings to maintain their lifestyles. http://finance.yahoo.com/career-wor...hen-crisis.html?mod=career-salary_negotiation Unemployment may reach 13% before there is a turn around. The economy needs to add 100,000 a month just to break even.
Bogart: From where did you get that information as to difference in net worth. I don't disbelieve it, I'd just like to know the source. Is the info; pre 2008 when the big hit in the stock market and real estate, or is it post 2008. In other words does net worth include the more recent losses most people have encountered. Basically with real estate and market losses the US lost about 20-25% net worth. That is a serious blow. OTOH: The difference between '81 and current period seems reasonable. The 80's and 90's were big periods for value increases. Remember, the Dow Jones was in the 2,000 range on Black Monday '87 --dropped to about 1700 and moved up to about 10,000 around 2000. Real estate values also soared during those long periods. OTOH; There is a lot of debt--much more than in the great depression. Big Big hits could create more severe problems. Debt is terrific for creating ROI and miserable when things go bad. Leverage has its plusses and minuses. On a different basis, I read somewhere...but couldn't find a source....that layoffs and firings during this recession are not that different in total than in the recession of the early 2000's. The big difference is that nobody is hiring now. That could make sense. The huge firings in that recession came primarily in the tech/communications world and the first dot.com explosion. Other industries were hiring. Not sure about the accuracy of that claim though. Reinhart and her colleague Rogoff are widely acclaimed for their studies of past financially induced recessions. As to unemployment they have no optimism for quick recovery. Their studies indicate that less developed nations with lower salaries tend to recover employment more quickly than more developed nations with higher salaries. The simple fact in this economy is that the private sector isn't hiring. Those businesses that are turning profits are doing so by having cut costs. They fired people. It'll be a while before they feel good about hiring. Its not like revenues are booming. They aren't. The private economy isn't hiring. Its showing lower profits overall. Its paying less in taxes. Taxes aren't deferring hiring....a weak economy is doing so. That is what the best most insightful economic view into the economy is reporting. In fact the only substantial hiring going on is that spurred by fed govt expenditure...and lets face it....that is debt spending. You can't have everything. That is the reality of economics. Its an effort on how to get the most with limited resources. That is how it always works in every environment whether household, business, or government. The underlying problem with unemployment is that the severity of this financially induced recession is so enormous that it has gutted the belly of the American economy. It will take time for the private economy to hire in mass. Meanwhile folks, as Reinhart admitted, don't know where the growth will come from. Which industry will take off. Nobody knows.
Party Like It's 1999 the stock market is where it was in 1999, and in the 10 years since then the private sector hasn't created a single job. the bush presidency was a wasted 8 years. it truly was. well really it's worse than that... he drove this country backwards. it's so amazing to me that we have republicans in this thread trying to blame the current economic problems on President Obama. it's just so shockingly ridiculous as to be hard to believe that anybody actually believes that. blaming this on Obama (instead of Bush) would be like blaming on the Great Depression on FDR instead of Hoover... oh yeah, I guess some far right loonies try to do that too... ?
There is no truth, only spin. Didn't you read in the other thread how George W. Bush is to blame for the Ft. Hood shootings? Here is some gold from EarlPearl on this very thread: This quote was followed by the natural conclusion he drew. So you see, Bush both saved us, and screwed us. He caused it, and did what it took to fix it, if we are to believe Earlpearl. Personally, I just thank god we have Obama in the Oval office. It is glaringly obvious he is making things better and better every single day. When there are tumultuous financial times and the whole world economy looks like it is coming apart at the seams, there is only one thing to do. Spend money. And nothing spends money better than a massive new entitlement program! Only by pouring gas on a fire can one begin to rise anew from the ashes!