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Thread: Employers add no net jobs in Aug.; rate unchanged

  1. #1621
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Umm, at this point into Bush's term, 31 months after being sworn in, he too had aq net loss of jobs. And the economy he was handed by Clinton was nowhere near as bad as what he dumped on Obama.
    Amazing how Bush remains the problem 2 1/2 years into the Obama Administration. It is the Obama record that will be on the ballot in 2011 and we cannot afford that record, but what the hell, you have a job and that is all that matters, right?

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Sheik Yerbuti;1059790356]
    No president taking over the office of president in modern history was handed an unemployment rate of 7.8%

    No president taking over the office of president in modern history was handed an underemployment rate of 14%


    2 1/2 years later the unemployment rate is 9.1% and the under employment rate is 16.2%

    No president taking over the office of president in modern history was handed an economy with 22 million underemployed.
    There are 25 Plus million underemployed today, 2 1/2 years later


    No president taking over the office of president in modern history was handed a GDP as low as -8.9%

    The GDP rate in 2011 was .4% and 1% the first two qtrs, 2 1/2 years later

    No president taking over the office of president in modern history was handed a budget with a trillion dollar short fall.
    The budget deficit the last two years has 3 trillion dollars and Bush had nothing to do with it

    No president taking over the office of president in modern history was handed a debt approching 11 trillion dollars.
    It is approaching 15 trillion dollars today and Obama inherited a AAA credit rating

    No president taking over the office of president in modern history was handed a housing market with over 3 million homes in foreclosure.
    Foreclosures are continuing, banks aren't lending, and businesses aren't hiring.

    Here it is 2 1/2 years later and the Obama record shows you voted for an empty suit, an incompetent community organizer with zero leadership skills.
    Last edited by Conservative; 09-11-11 at 02:56 PM.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    Right, the one that has 25 million plus unemployed or under employed Americans!
    Hypothetical (you won't understand anyway, but still)...

    You have a job making $100,000/year. You get a measly $1,040 raise. 1.0%.

    Your neighbor's son works at McDonald's for $7.25/hour and gets a 0.50/hour raise, a 6.9% increase which equals $1,040/year ...

    Between the two of you, who got a better raise?


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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    So it's the Democrat-led Congress that is responsible for the massive job loss between mid-2008 through mid 2009 and it's the Democrat president that's responsible for it in 2011?

    When is the Republican-led Congress in 2003, 2004, 2005, or 2006 responsible? When is the Republican president from 2001 through 2008 responsible?
    That Congress grew jobs as BLS shows. Bush isn't in office today, these are Obama's results and you have BDS.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post

    Obama didn't save the financial institutions...
    Nobody could have.

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Hypothetical (you won't understand anyway, but still)...

    You have a job making $100,000/year. You get a measly $1,040 raise. 1.0%.

    Your neighbor's son works at McDonald's for $7.25/hour and gets a 0.50/hour raise, a 6.9% increase which equals $1,040/year ...

    Between the two of you, who got a better raise?

    I competed against McDonalds and the market forced us to pay over $10 per hour. How is taking money from SS going to benefit these workers long term. What does your hypothetical have to do with anything, it was their money that has been taken in taxes. Anytime you reward taxpayers it is a good thing. Why would you reward politicians that created the 14.6 trillion debt?

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Conservative View Post
    I have seen no evidence of how smart you are but sure wish I was half as smart as you think you are. You claimed I made a mistake in 2004 so you would duplicate that mistake. If I made a mistake and you make the same mistake that doesn't make you very smart at all.
    I've already explained why it's not the same mistake. I guess you couldn't understand what I said. Would you like me to explain it to you again?

  8. #1628
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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by Sheik Yerbuti View Post
    Nobody could have.
    Economists claim that TARP did

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by The Barbarian View Post

    Maybe, but if that is the best answer you can come up with, it just proves you don't have anything. There was no Bush policy changes that lead to the housing crisis.
    Bull****.


    Bush Minority Homeownership Plan Rests Heavily on Fannie and Freddie

    When President Bush announced his Minority Homeownership plans last week in Atlanta, his top priorities were new federal programs: a $2.4 billion tax credit to facilitate home purchases by lower-income first-time buyers, and a $200 million national downpayment grant fund.

    But none of the new federal programs--if passed by Congress--will come even close to achieving the 5.5 million-household increase in minority homeownership the President set as his target.

    Instead, most of the heavy lifting was assigned to two mortgage market players that have sometimes come under fire from Bush administration officials and Congressional Republicans: Fannie Mae and Freddie Mac.

    Fannie's and Freddie's commitments are the bedrock core of the President's ambitious plans--but didn't get the headlines. Fannie Mae agreed to increase its already substantial lending efforts to minority families by targeting another $260 billion of mortgage purchases to them during the next nine years. Freddie Mac agreed to buy an additional $180 billion in minority-household home loans during the same period.

    Besides its $180 billion mortgage purchase commitment, Freddie Mac gave President Bush a promise to implement a 25-point program aimed at increasing minority homeownership. Some of the points were cutting-edge. For example, as part of an effort to remove the fear of financial loss from first-time minority home buyers, Freddie committed itself to "explor(e) the viability of equity assurance products to protect home values in economically distressed areas."

    Pressed for details on "equity assurance" by RealtyTimes, Freddie Mac vice president Craig S. Nickerson said the idea is still at an embryonic stage, but might involve limited guarantees or insurance coverage to protect buyers from the possibility of loss of their initial equity stakes should property values in their neighborhoods decline.





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

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    Re: Employers add no net jobs in Aug.; rate unchanged

    Quote Originally Posted by The Barbarian View Post

    can you imagine the headlines if Bush had of acted to slow things, moving banks back to higher lending standards ? The press and most liberals would have screamed bloody murder.
    Ok, so Bush doesn't lift a finger to raise airport security upon reading a PDB informing him that the FBI has detected "suspicious activity in this country consistent with preparations for hijackings," and you claim Liberals would have screamed bloody murder if he had raised airport security even though doing so might have prevented 9.11.

    Now you're saying how Liberals would have screamed bloddy murder had Bush increased regulations on banks even though doing so might have prevented the financial meltdown.

    ... when do Republicans lead? When do they do what's right for the nation instead of cowering to Democrats?

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