Page 24 of 29 FirstFirst ... 142223242526 ... LastLast
Results 231 to 240 of 282

Thread: Worst day since 2008 financial crisis

  1. #231
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by The Prof View Post
    The article you posted explains why ...

    This unique recession has been particularly unfriendly to job-seekers, experts say. "There was too much employment in housing, and that isn't coming back — and frankly shouldn't come back," says Amar Bhide, a Tufts University professor.

    The housing collapse and productivity gains on the factory floor have made it hard for the economy to absorb workers without a college degree and young people generally, says Carl Camden, president of Kelly Services, a global staffing firm. Manufacturers are producing more value than ever in the USA with a fraction of the workers needed before, he says.





    "Thanks to our policies, home ownership in America is at an all-time high." ~ George Bush, 9.2.2004, RNC acceptance speech

  2. #232
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Conservative View Post

    Oh, I see, there wasn't a Democrat Congress in 2007-2008. Thanks for clearing that up. Please let the Govt. know they were wrong and you are right
    No, you don't see. If you could see, you would see the damage caused in 2003, 2004, 2005, and 2006 while Republicans controlled the Congress and did nothing to add oversight to the GSE's. By the time Democrats took over in 2007, the damage was already done; the Titanic was already sinking. They were on the wrong side too and also did nothing but how on Earth do you blame Democrats who were only in charge for 11 months when Bush's Great Recession began but not Republicans, who were in charge for 12 years prior to that? Including, and especially, the 4 years between 2003 and 2006 when the housing bubble was ballooning completely out of control.

  3. #233
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: Worst day since 2008 financial crisis


  4. #234
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Sheik Yerbuti View Post
    No, you don't see. If you could see, you would see the damage caused in 2003, 2004, 2005, and 2006 while Republicans controlled the Congress and did nothing to add oversight to the GSE's. By the time Democrats took over in 2007, the damage was already done; the Titanic was already sinking. They were on the wrong side too and also did nothing but how on Earth do you blame Democrats who were only in charge for 11 months when Bush's Great Recession began but not Republicans, who were in charge for 12 years prior to that? Including, and especially, the 4 years between 2003 and 2006 when the housing bubble was ballooning completely out of control.
    You are so correct, Al Gore and John Kerry would have been much better, spent more money, and helped create that liberal utopia that you seem to think exists somewhere else in the world. Noticed that Obama has been in office for over 2 1/2 years and yet even with an open checkbook, 4 trillion added to the debt there still isn't that liberal utopia here. In fact the economic numbers continue to decline as there are more unemployed today, fewer people working, very low economic growth, and a downgrade of our credit rating. Didn't Obama inherit an AAA credit rating?

  5. #235
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Conservative View Post

    I just cannot explain how in a growing population that the number of jobs dropped over the past 2 1/2 years. Please explain that to me?
    Do you understand this?

    U6 unemployment rate:

    Jan-2001: 7.3%
    Jan-2009: 14%
    92% increase

    Jan-2009: 14%
    Jul-2011: 16.1%
    15% increase

  6. #236
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Sheik Yerbuti View Post
    Do you understand this?

    U6 unemployment rate:

    Jan-2001: 7.3%
    Jan-2009: 14%
    92% increase

    Jan-2009: 14%
    Jul-2011: 16.1%
    15% increase
    After having 4 trillion added to the debt and spending over a trillion dollars on stimulus one would think that the U-6 would be dropping not rising. How do you explain thse numbers 2 1/2 years after Obama took office? Don't you get tired of carrying the water for this empty suit and supporting these kind of numbers?

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

    Doesn't it make you wonder if the credit downgrade was worth it? Didn't obama inherit a AAA rating from Bush?

  7. #237
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Sheik Yerbuti View Post

    No, you don't see. If you could see, you would see the damage caused in 2003, 2004, 2005, and 2006 while Republicans controlled the Congress and did nothing to add oversight to the GSE's. By the time Democrats took over in 2007, the damage was already done; the Titanic was already sinking. They were on the wrong side too and also did nothing but how on Earth do you blame Democrats who were only in charge for 11 months when Bush's Great Recession began but not Republicans, who were in charge for 12 years prior to that? Including, and especially, the 4 years between 2003 and 2006 when the housing bubble was ballooning completely out of control.

    Quote Originally Posted by Conservative View Post

    You are so correct, Al Gore and John Kerry would have been much better, spent more money, and helped create that liberal utopia that you seem to think exists somewhere else in the world. Noticed that Obama has been in office for over 2 1/2 years and yet even with an open checkbook, 4 trillion added to the debt there still isn't that liberal utopia here. In fact the economic numbers continue to decline as there are more unemployed today, fewer people working, very low economic growth, and a downgrade of our credit rating. Didn't Obama inherit an AAA credit rating?
    Two things immediately jump out from your post ...

    One ... your post doesn't disprove anything I said, and ...

    two ... your post doesn't even address anything I said.

    Are you paying attention, Gramps?

  8. #238
    Sage
    Conservative's Avatar
    Join Date
    Dec 2009
    Location
    Houston, TX
    Last Seen
    Today @ 08:56 PM
    Gender
    Lean
    Conservative
    Posts
    67,293

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Sheik Yerbuti View Post
    Two things immediately jump out from your post ...

    One ... your post doesn't disprove anything I said, and ...

    two ... your post doesn't even address anything I said.

    Are you paying attention, Gramps?
    Living in the past and distorting the record of the past serves no purpose either. Obama inherited a AAA rating from Bush and saw it downgraded. Obama inherited a 10.4 trillion dollar debt and increased it. Obama inherited 142.2 million working Americans and reduced it. Obama inherited 12.6 million unemployed and increased it. Obama inherited a high U-6 employment number and increased it. yes, that Obama record today is something liberals can be proud of. I really wonder if 25 million unemployed and under employed Americans are happy to know that the percentage change in total unemployment is less than Bush had?

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

  9. #239
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Conservative View Post

    After having 4 trillion added to the debt and spending over a trillion dollars on stimulus one would think that the U-6 would be dropping not rising. How do you explain thse numbers 2 1/2 years after Obama took office? Don't you get tired of carrying the water for this empty suit and supporting these kind of numbers?

    Obama economic results in 2011, .4% GDP and 1.3% GDP growth in 2011, 24+ million unemployed or under employed Americans in 2011, 4 trillion added to the debt in less than 3 years, and a downgrade of the U.S. credit rating. Rising Misery index 7.83 to 12.67. First President in U.S. History to have our credit downgraded on his watch!

    Doesn't it make you wonder if the credit downgrade was worth it? Didn't obama inherit a AAA rating from Bush?
    Seems that Republicans are going to have to figure that one out ...

    The debate over raising the debt ceiling, which brought the nation to the brink of default, has sent disapproval of Congress to its highest level on record and left most Americans saying that creating jobs should now take priority over cutting spending, according to the latest New York Times/CBS News poll.

    A record 82 percent of Americans now disapprove of the way Congress is handling its job -- the most since The Times first began asking the question in 1977, and even more than after another political stalemate led to a shutdown of the federal government in 1995. More than four out of five people surveyed said that the recent debt ceiling debate was more about gaining political advantage than about doing what is best for the country. Nearly three-quarters said that the debate had harmed the image of the U.S. in the world.

  10. #240
    Banned
    Join Date
    Jan 2011
    Last Seen
    08-25-16 @ 08:31 PM
    Lean
    Liberal
    Posts
    11,265

    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Conservative View Post

    Living in the past and distorting the record of the past serves no purpose either.
    Nonsense. The economy under Obama didn't just materialize out of thin air. It was years in the making. If you ignore what Bush and Republicans did to this nation, you only condemn the nation to even more harm by them and their policies.

Page 24 of 29 FirstFirst ... 142223242526 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •