The housing market and mortgage lenders crashed, which was casued by the failed CRA, a policy instituted and enforced by the previous 2 democratic administrations.
Now Pete, tell us all why it is Obama's economic policies have completely failed to revive the US economy... and do us all a favor, and stop blaming Bush and republicans for HIS policy failures... It's really getting quite old.
Unions served their purpose and have outlived their usefulness. Something to think about.
Shelby Steele: Obama and the Burden of Exceptionalism - WSJ.com
All the conservative hypocrisy continues.
1. Most conservatives in the US hate the government and dont consider government jobs as real jobs.
2. Private sector jobs went UP!
3. Public sector jobs went DOWN!
End result, conservatives use this positive conservative job reports as a negative!
Yes it was not good enough on the private sector job growth, and all that, but it pisses me off how disingenuous the US conservative movement is on this issue (and many others). Conservatives should be happy the public sector is loosing jobs.. it is money saved according them after all!!
And then add to the fact that the reason private sector is not adding more jobs is in large part because of the conservatives themselves and their freaking party of NO!
National debt by U.S. presidential terms - Wikipedia, the free encyclopedia
Supply side does not create demand, it creates production.. hence the term supply side. Without demand to drive production, there is no reason to continue to produce let alone increase production and from that, increase staff.Supply side creates demand and rewards people for their own initiative, drive, and creativity.
Please give examples of Obama's overreaching so we can discuss.Economic results prove you wrong and Obama is a perfect example of govt. overreach destroying supply side.
Last edited by Tettsuo; 09-02-11 at 12:17 PM.
Obama economic results in 2011, .4% GDP and 1% GDP growth in 2011, 25+ 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! 38-41% JAR and well over 50-55% disapproval ratings.