Thread: Worst day since 2008 financial crisis

Originally Posted by Jetboogieman

Well.

I'm glad to see no ones concerned or anything.

Maybe they all heard the DNC talking point on this and no one is worried now...

Wasserman Schultz: "We've Really Begun To Turn The Economy Around"

Originally Posted by Your Star

We should have instituted a massive government jobs program that got people working improving our infrastructure 2 years ago, and the stimulus should have been more spending and less tax cuts. The deficit is a problem, but solving this recession quickly is going to cost us money. People need to realize that.

I agree with a lot of this.

Not sure how wall street thought we could recover without putting people back to work. People without discretionary income cannot effectively participate in the economy. The "recovery" without jobs is a castle made of sand.

Originally Posted by Disputatious71

Maybe they all heard the DNC talking point on this and no one is worried now...

Wasserman Schultz: "We've Really Begun To Turn The Economy Around"

Or maybe they heard the the financial analyst talking points....

Strategists Sticking With 17% S&P 500 Rally by Year-End on Rising Profits - Bloomberg

Originally Posted by Helix

I agree with a lot of this.

Not sure how wall street thought we could recover without putting people back to work. People without discretionary income cannot effectively participate in the economy. The "recovery" without jobs is a castle made of sand.

jobs won't be created as long as consumers don't buy. it's CONSUMERS who create jobs, not the wealthy. when will people wake the **** up?

Originally Posted by haymarket

So the tea party fanatics and their gutless sycophants in the Republican Party are getting their fondest wish - the economy will crash and they ride the wave to total government domination in the election of 2012.

The only question then becomes this: will the American people realize that the GOP issued its own self fulfilling prophecy and did everything in their power to help make it happen?

Right, the Tea Party wants to crash the govt. by forcing them to cut spending which they didn't do. Noticed that you ignored that more Democrats than Tea Party members voted for the debt deal and democrats today support that bill more than Republicans. this isn't about destroying the Govt. which liberals are doing but instead cutting spending and being more fiscally responsible.

I think the American people are getting it as 40% now approve of Obama Job Performance. Most seem to understand that Obama economic policies are a failure and that liberalism in general has failed. Today we got the job numbers and the focus is on the jobs created but NOT on the people that dropped out of the labor force. In July over 1.1 million people dropped out of the labor force because they couldn't find a job. Seems that the majority now understand the lies of this Administration and the only hope is to embrace fiscal responsibility promoted by the Tea Party.

Originally Posted by AdamT

Or maybe they heard the the financial analyst talking points....

Strategists Sticking With 17% S&P 500 Rally by Year-End on Rising Profits - Bloomberg

You probably missed it, but over 1.1 million people dropped out of the labor force in July so if Obama has figured out how to improve the unemployment number. Just get millions of Americans to drop out of the labor force thus not being counted as unemployed, reduce the labor force because they people aren't counted, and the unemployment rate will drop significantly. Then the Obama cult will jump for joy with very low unemployment numbers and claim "see, obama saved us all."

Originally Posted by Conservative

You probably missed it, but over 1.1 million people dropped out of the labor force in July so if Obama has figured out how to improve the unemployment number. Just get millions of Americans to drop out of the labor force thus not being counted as unemployed, reduce the labor force because they people aren't counted, and the unemployment rate will drop significantly. Then the Obama cult will jump for joy with very low unemployment numbers and claim "see, obama saved us all."

Not sure what that has to do with my post, but....

U.S. Payrolls Rise More Than Forecast, Jobless Rate Falls - Bloomberg

Originally Posted by Conservative

Right, the Tea Party wants to crash the govt. by forcing them to cut spending which they didn't do. Noticed that you ignored that more Democrats than Tea Party members voted for the debt deal and democrats today support that bill more than Republicans. this isn't about destroying the Govt. which liberals are doing but instead cutting spending and being more fiscally responsible.

I think the American people are getting it as 40% now approve of Obama Job Performance. Most seem to understand that Obama economic policies are a failure and that liberalism in general has failed. Today we got the job numbers and the focus is on the jobs created but NOT on the people that dropped out of the labor force. In July over 1.1 million people dropped out of the labor force because they couldn't find a job. Seems that the majority now understand the lies of this Administration and the only hope is to embrace fiscal responsibility promoted by the Tea Party.

At least try to be honest. The Tea Party coalition didn't support the deal in bigger numbers because they wanted to cut spending more: MUCH more. Democrats hated the deal but thought it was a better option than crashing the economy entirely, which was the only other option ... thanks to the Republicans. After the deal passed the market dropped over 500 points. Can you even imagine what it would have done if they HADN'T passed the deal? It would have made the Lehman crash look like a walk in the park.

Originally Posted by AdamT

Not sure what that has to do with my post, but....

U.S. Payrolls Rise More Than Forecast, Jobless Rate Falls - Bloomberg

Do you know how the jobless rate is calculated? It has everything to do with what you posted. When people drop out of the labor force they aren't counted as unemployed nor are they counted as being in the labor force which reduces that labor force. How does that affect the unemployment rate?

Originally Posted by AdamT

At least try to be honest. The Tea Party coalition didn't support the deal in bigger numbers because they wanted to cut spending more: MUCH more. Democrats hated the deal but thought it was a better option than crashing the economy entirely, which was the only other option ... thanks to the Republicans. After the deal passed the market dropped over 500 points. Can you even imagine what it would have done if they HADN'T passed the deal? It would have made the Lehman crash look like a walk in the park.

Exactly, imagine that spending less than the record spending that Obama has done the past two plus years. You seem to have a liberal view as to the role of the govt. How much is enough if 3.7 trillion spending a year isn't it?