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U.S. Jobless Rate Unexpectedly Declines to 8.6%

What exactly did Obama want that he didn't get his first two years in office that would have created a better economy? The results are what they are yet you keep ignoring them.

I see will continu to skip the point, it doesn't matter whether he got everything he asked for or didn't as he does not control the economy. Even if he had gotten Stimulus II he would not have been able to control the economy.
 
No it has not. The net job losses are a result of the worst economic downturn since 1929.

That is your opinion doesn't look like you lived during the 81-82 recession as you ignore the impact on the American people with its 19.33 misery index but that is for another thread
 
That is your opinion doesn't look like you lived during the 81-82 recession as you ignore the impact on the American people with its 19.33 misery index but that is for another thread

I did and I agree with him.
 
That is this year, do you even know what is in stimulus two? Who pays for the jobs created under stimulus two when the Federal Money runs out?

Interest rates are @ all time lows! Clearly the credit markets have an entirely different position (and they are actually putting their money where their mouth is). Stimulus II needs to be @ 7% GDP to have a meaningful impact.
 
I see will continu to skip the point, it doesn't matter whether he got everything he asked for or didn't as he does not control the economy. Even if he had gotten Stimulus II he would not have been able to control the economy.

People here blame Bush for what they call the worst downturn since the Great Depression, most not old enough to know about the 81-82 recession.
 
Interest rates are @ all time lows! Clearly the credit markets have an entirely different position (and they are actually putting their money where their mouth is). Stimulus II needs to be @ 7% GDP to have a meaningful impact.

Low interest rates benefit the American consumer much better than in 81-82 thus making that recession worse on the American people.
 
People here blame Bush for what they call the worst downturn since the Great Depression, most not old enough to know about the 81-82 recession.

I'm asking you to address me and not people here. And I am old enough to remember.
 
That is your opinion doesn't look like you lived during the 81-82 recession as you ignore the impact on the American people with its 19.33 misery index but that is for another thread

A misery index does not define the relative scope of an economic down turn. In 1932, the misery index would have been in the lower teens (unemployment near 20%, inflation @ -10%).
 
Low interest rates benefit the American consumer much better than in 81-82 thus making that recession worse on the American people.

I am talking the cost of borrowing for the government. Clearly, the private sector does not sheer your point of view (see europe).
 
What a shock, you agree with him? Liberals are like a pack of wolves.

So, when someone agrees with you, that's copnservatives being a pack of wolves? Just making sure I undersand your point. :coffeepap
 
A misery index does not define the relative scope of an economic down turn. In 1932, the misery index would have been in the lower teens (unemployment near 20%, inflation @ -10%).

The misery index indicates the affect on the American consumer and it was worse in the 80's than it was when Obama took office
 
That's because the price of houses was artificially inflated due to the creative mortgages that allowed people to buy houses that they couldn't afford.
Cool. But that is not the case here. With the destruction of NASA and the elimination of many defense programs houses all around mine began selling at a discount.

Fortunately I can still afford the house I built. But its value has steeply declined.
 
People here blame Bush for what they call the worst downturn since the Great Depression, most not old enough to know about the 81-82 recession.

Anyone ignorant of political economy or financial economics will crow about the 81-82 recession. The funny thing is, net wealth increased steadily throughout 81-82.
 
The misery index indicates the affect on the American consumer and it was worse in the 80's than it was when Obama took office

What was the misery index during the 1930's?
 
I am talking the cost of borrowing for the government. Clearly, the private sector does not sheer your point of view (see europe).

Don't have to look at Europe, just follow what Obama is trying to do here. Europe is on fire and arrogant liberals want that misery equally here
 
Don't have to look at Europe, just follow what Obama is trying to do here. Europe is on fire and arrogant liberals want that misery equally here

Opinionated drivel. Credit markets have lost faith in Europe's ability to repay their liabilities. It seems you are the one who would love to see the U.S. put into a fiscal position similar to Europe.
 
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